Company: PDSRX
Filing Date: 2025-07-25
Form Type: 486BPOS
Source: 0001756404-25-000017
Chunk: 92

Company: Principal Real Asset Fund
Filing Date: 2025-07-25
Form: 486BPOS
Chunk 92
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 expense limit will reduce the Fund's Management Fees by 0.820% (expressed as a percent of average net assets on an annualized basis) through July 31, 2026. PGI waived $1,230,000, $1,153,000, and $871,000 in management fees during the fiscal year ended March 31, 2025, 2024 and 2023, respectively.

### Management Fees Paid
Fees paid by the Fund to PGI for investment management services (net of management fee waivers) during the periods indicated were as follows:

| Management Fees for Periods Ended March 31 |     |            |     |            |     |            |
| Fund                                       |     |       2025 |     |       2024 |     |       2023 |
| Principal Real Asset Fund                  |     | $1,321,000 |     | $1,403,000 |     | $1,962,000 |

#### Sub-Advisory Agreements
PGI (and not the Fund) pays the Sub-Advisor fees determined pursuant to a sub-advisory agreement with each Sub-Advisor. For each Sub-Advisor except Principal-REI, "Assets under Management" refers to average daily assets managed by such Sub-Advisor; for Principal-REI "Assets under Management" refers to prior month end assets managed by Principal-REI.

| Principal-REI Sub-Advisory Fee (Global Real Estate Securities Portfolio) |     |                   |
| Assets Under Management*                                                 |     |                   |
| First $1.5 billion                                                       |     | Over $1.5 billion |
| 0.47%                                                                    |     | 0.44%             |

*To calculate, the assets of PRA managed by Principal-REI are aggregated with the assets of the Diversified Real Asset mutual fund and collective investment trust managed by Principal-REI.

| Principal-REI Sub-Advisory Fee (Global Listed Infrastructure Equities Portfolio) |     |                   |
| Assets Under Management*                                                         |     |                   |
| First $500 million                                                               |     | Over $500 million |
| 0.34%                                                                            |     | 0.32%             |

*To calculate, the assets of PRA managed by Principal-REI are aggregated with the assets of the Principal Funds, Inc. Global Listed Infrastructure Fund managed by Principal-REI.

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