Company: PDSRX
Filing Date: 2025-11-25
Form Type: N-CSRS
Source: 0001756404-25-000041
Chunk: 2

Company: Principal Real Asset Fund
Filing Date: 2025-11-25
Form: N-CSRS
Chunk 2
---
Class

Y

:

Net

Assets

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

$

162,102‌

Shares

Issued

and

Outstanding

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

5,875‌

Net

Asset

Value

per

share

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

$

27

.59‌

Institutional

:

Net

Assets

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

$

1,073‌

Shares

Issued

and

Outstanding

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

39‌

Net

Asset

Value

per

share

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

$

27

.23‌

(a)

See

Note

3

for

details

of

any

unfunded

commitments.

(b)

Redemption

price

per

share

is

equal

to

net

asset

value

per

share

less

any

applicable

contingent

deferred

sales

charge.**

#### Statement

#### of

### Operations

#### Six

#### Months

#### Ended

#### September

#### 30,

#### 2025
**(unaudited)

2

See

accompanying

notes.

Amounts

in

thousands**

#### Principal

#### Real

#### Asset

#### Fund

#### Net

#### Investment

#### Income
**(Loss)

Income:

Dividends

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

$

3,623‌

Withholding

tax

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

(

52‌

)

Total

Income

3,571‌

Expenses:**

### Management
and

investment

advisory

fees

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

1,359‌

Distribution

f

ees

-

Class

A

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

1‌

Registration

fees

-

Class

A

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

8‌

Registration

fees

-

Class

Y

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

8‌

Registration

fees

-

Institutional

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

8‌

Shareholder

reports

-

Class

A

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

8‌

Shareholder

reports

-

Institutional

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

2‌

Transfer agent

fees

-

Class

A

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

11‌

Transfer agent

fees

-

Class

Y

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

19‌

Transfer agent

fees

-

Institutional

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

21‌

Chief

compliance

officer

expenses

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

1‌

Custodian

fe