Company: PDSRX
Filing Date: 2025-05-06
Form Type: 40-APP
Source: 0002016900-25-000009
Chunk: 0

Company: Principal Real Asset Fund
Filing Date: 2025-05-06
Form: 40-APP
Chunk 0
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#### File No. 812-_____

#### U.S. SECURITIES AND EXCHANGE COMMISSION

#### Washington, D.C. 20549
<div align='center'>In the Matter of the Application of:

Principal Private Credit Fund I, Principal Real Asset Fund,

Principal Global Investors, LLC, Principal Life Insurance Company,

Principal Alternative Credit Unlevered Fund, LP, and</div>

#### Principal Real Estate Investors, LLC
<div align='center'>711 High Street

Des Moines, IA 50392

(515) 247‑6651</div>

<div align='center'>Application For An Order Pursuant to Sections 17(d) and 57(i) of the Investment Company Act of 1940 and Rule 17d-1 Under the Act to Permit Certain Join Transactions Otherwise Prohibited By Sections 17(d) and 57(a)(4)

of the Act and Rule 17d-l Under the Act</div>

<div align='center'>Please Send A ll C ommunications, N otices, and O rders to:</div>

#### John L. Sullivan

### c/o Principal Financial Group, Inc.

#### 711 High Street

#### Des Moines, IA 50392
<div align='center'>(515) 247‑6651</div>

#### sullivan.john.l@principal.com
<div align='center'>This Application consists of 13 pages.

As filed with the Securities and Exchange Commission on May 6, 2025 .</div>

| UNITED STATES OF AMERICA           
 BEFORE THE                         
 SECURITIES AND EXCHANGE COMMISSION 
 WASHINGTON, D.C. 20549             |     |   |     |                                                                                                                                                                                                                                                                                                                                                                                               |
| In the Matter of:                  
 PRINCIPAL EXCHANGE-TRADED FUNDS    
 PRINCIPAL FUNDS, INC.              
 PRINCIPAL GLOBAL INVESTORS, LLC    
 711 High Street                    
 Des Moines, Iowa 50392             |     | ) 
 ) 
 ) 
 ) 
 ) 
 ) 
 ) 
 ) |     | First Amended and Restated Application pursuant to to Section 6(c) of the Investment Company Act of 1940, As Amended ("Act"), For an Order of Exemption from Sections 2(a)(32), 5(a)(1), 18(f)(1), 18(i), 22(d) and 22(e) of the Act and Rule 22c-1 Under the Act and Pursuant to