Company: PDSRX
Filing Date: 2025-05-28
Form Type: N-CSR
Source: 0001756404-25-000011
Chunk: 68

Company: Principal Real Asset Fund
Filing Date: 2025-05-28
Form: N-CSR
Chunk 68
---
2022

are  14.32%,

14.86%,

and

14.62%

for

Class

A,

Class

Y,

and

Institutional,

respectively.

#### Report

#### of

#### Independent

#### Registered

#### Public

#### Accounting

#### Firm
24

To

the

Shareholders

and

the

Board

of

Trustees

of

Principal

Real

Asset

Fund

#### Opinion

#### on

#### the

### Financial

#### Statements
We

have

audited

the

accompanying

statement

of

assets

and

liabilities

of

Principal

Real

Asset

Fund

(the

“Fund”),

including

the

schedule

of

investments,

as

of

March

31,

2025,

and

the

related

statements

of

### operations
and

cash

flows

for

the

year

then

ended,

the

statements

of

changes

in

net

assets

for

each

of

the

two

years

in

the

period

then

ended,

the

### financial
highlights

for

each

of

the

five

years

in

the

period

then

ended

and

the

related

notes

(collectively

referred

to

as

the

“financial

statements”).

In

our

opinion,

the

### financial
statements

present

fairly,

in

all

material

respects,

the

### financial
position

of

the

Fund

at

March

31,

2025,

the

results

of

its

### operations
and

its

cash

flows

for

the

year

then

ended,

the

changes

in

its

net

assets

for

each

of

the

two

years

in

the

period

then

ended

and

its

### financial
highlights

for

each

of

the

five

years

in

the

period

then

ended

,

in

conformity

with

U.S.

generally

accepted

accounting

principles.

#### Basis

#### for

#### Opinion
These

### financial
statements

are

the

responsibility

of

the

Fund’s

management.

Our

responsibility

is

to

express

an

opinion

on

the