Company: PDSRX
Filing Date: 2025-11-25
Form Type: N-CSRS
Source: 0001756404-25-000041
Chunk: 63

Company: Principal Real Asset Fund
Filing Date: 2025-11-25
Form: N-CSRS
Chunk 63
---
er.

During

the

Meeting,

the

Board

was

advised

by,

and

met

in

executive

session

with,

the

Board’s

independent

legal

counsel,

and

received

a

memorandum

from

such

independent

counsel

regarding

their

responsibilities

under

applicable

law.

Matters

considered

by

the

Board

in

connection

with

its

approval

of

the

### Management
Agreement

and

the

Sub-Advisory

Agreement

included,

among

others,

the

following:

Nature,

Extent

and

Quality

of

Service

.

In

considering

the

nature,

extent

and

quality

of

services

to

be

provided

by

the

Manager

under

the

### Management
Agreement,

including

accounting

and

administrative

services

as

applicable,

the

Board

reviewed

materials

provided

by

the

Manager,

including:

a

description

of

the

manner

in

which

investment

decisions

are

made

and

executed;

an

### overview
of

the

personnel

that

perform

services

for

the

Fund

and

their

### background
and

experience;

a

review

of

the

### financial
condition

of

the

Manager;

information

regarding

risk

### management
processes

and

### liquidity
management;

a

description

of

the

Manager’s

brokerage

practices

(including

any

soft

dollar

arrangements);

the

compliance

policies

and

### procedures
of

the

Manager,

including

its

### business
continuity

and

cybersecurity

policies

and

a

code

of

ethics

that

contained

provisions

reasonably

necessary

to

prevent

Access

Persons,

as

that

term

is

defined

in

Rule

17j-1

under

the

1940

Act,

from

engaging

in

conduct

prohibited

by

Rule

17j-1(b).

The

Board

considered

the

experience

and

skills

of

senior

### management
that

would

lead

the

Fund’s