Company: PDSRX
Filing Date: 2025-11-25
Form Type: N-CSRS
Source: 0001756404-25-000041
Chunk: 3

Company: Principal Real Asset Fund
Filing Date: 2025-11-25
Form: N-CSRS
Chunk 3
---
es

..............................................................................................................................................

11‌

Directors'

expenses

.........................................................................................................................................

129‌

Professional fees

...........................................................................................................................................

214‌

Other

expenses

.............................................................................................................................................

76‌

Total

Gross

Expenses

1,876‌

Less: Reimbursement

from

Manager

......................................................................................................................

656‌

Less:

Reimbursement

from

Manager

-

Class

A

............................................................................................................

29‌

Less:

Reimbursement

from

Manager

-

Class

Y

............................................................................................................

412‌

Less:

Reimbursement

from

Manager

-

Institutional

.......................................................................................................

32‌

Total

Net

Expenses

747‌

Net

Investment

Income

(Loss)

2,824‌

#### Net

#### Realized

#### and

#### Unrealized

#### Gain
**(Loss)**

#### on

#### investments
Net

realized

gain

(loss)

from:

Investment

transactions

(

net

of

foreign

taxes

of

$

(

1

)

,

respectively)

......................................................................................

758‌

Foreign

currency

transactions

..............................................................................................................................

(

1‌

)

Net

change

in

unrealized

appreciation/(depreciation)

of:

Investments

.................................................................................................................................................

5,533‌

Translation

of

assets

and

liabilities

in

foreign

currencies

..................................................................................................

1‌

Net

Realized

and

Unrealized

Gain

(Loss)

on

investments

6,291‌

Net

Increase

(Decrease)

in

Net

Assets

Resulting

from

### Operations
$

9,115‌

#### Statement

#### of

#### Changes

#### in

#### Net

#### Assets
**(unaudited)

3

See

accompanying

notes.

Amounts

in

thousands**

#### Principal

#### Real

#### Asset

#### Fund

#### Period

#### Ended

#### September

#### 30,

#### 2025

#### Year

#### Ended

#### March

#### 31,

#### 2025

### Operations
Net

investment

income

(loss)

........................................................................................................

$

2,824‌

$

5,386‌

Net

realized

gain

(loss)

on

investments

and

foreign

currencies

.....................................................................

757‌

749‌

Net

change

in

unreal