Company: PDSRX
Filing Date: 2025-05-06
Form Type: 40-APP
Source: 0002016900-25-000009
Chunk: 15

Company: Principal Real Asset Fund
Filing Date: 2025-05-06
Form: 40-APP
Chunk 15
---
 - Principal Asset Management |
|                                  |     | General Counsel                             |

<div align='center'>11</div>

| PRINCIPAL ALTERNATIVE CREDIT UNLEVERED FUND, LP |     |                                           |
| By:                                             |     | Principal Alternative Credit Fund GP, LLP |
|                                                 |     | its General Partner                       |
| By:                                             |     | Principal Global Investors, LLC           |
|                                                 |     | its Managing Member                       |
| By:                                             |     | /s/ John L. Sullivan                      |
| Name:                                           |     | John L. Sullivan                          |
| Title:                                          |     | Assistant General Counsel                 |
| By:                                             |     | /s/ Adam U. Shaikh                        |
| Name:                                           |     | Adam U. Shaikh                            |
| Title:                                          |     | Associate General Counsel                 |
| PRINCIPAL REAL ESTATE INVESTORS, LLC            |     |                                           |
| By:                                             |     | /s/ Anne Cook                             |
| Name:                                           |     | Anne Cook                                 |
| Title:                                          |     | Associate General Counsel                 |
| By:                                             |     | /s/ Rachel Parker                         |
| Name:                                           |     | Rachel Parker                             |
| Title:                                          |     | Assistant General Counsel                 |

<div align='center'>12

Resolutions of the Boards of Trustees of the Existing Regulated Funds</div>

RESOLVED, that the Chair of the Board, the President, any Vice President, the Secretary or such other officer or officers of each of Principal Private Credit Fund I (“

#### PPC
”) and Principal Real Asset Fund (together with PPC, the “

#### Trusts
”) as may be designated from time to time by the Chair or the President, with such assistance from a Trust’s auditors, legal counsel and independent consultants or others as such officer or officers may require, be, and each hereby is, authorized and directed to prepare for a Trust individually, or jointly with other parties, applications pursuant to any federal securities laws, including the Securities Act of 1933, the Securities Exchange Act of 1934, the Investment Company Act of 1940 and the Investment Advisers Act of 1940, each as amended (the “Acts”), for orders granting such exemptions from the Acts and/or rules or regulations thereunder as are necessary or desirable, and to execute and file on behalf of a Trust such applications and any amendments thereto with the Securities and