Company: PDSRX
Filing Date: 2025-11-25
Form Type: N-CSRS
Source: 0001756404-25-000041
Chunk: 29

Company: Principal Real Asset Fund
Filing Date: 2025-11-25
Form: N-CSRS
Chunk 29
---
fair

value

measurement.

Benchmark

pricing

### procedures
set

the

base

price

of

a

security

based

on

current

market

data.

The

base

price

may

be

a

broker-dealer

quote,

transaction

price,

or

internal

value

based

on

relevant

market

data.

The

fair

values

of

these

securities

are

dependent

on

economic,

political,

and

other

considerations.

The

values

of

such

securities

may

be

affected

by

significant

changes

in

the

economic

conditions,

changes

in

government

policies,

and

other

factors

(e.g.,

natural

disasters,

pandemics,

accidents,

conflicts,

etc.).

The

inputs

or

methodology

used

for

valuing

securities

are

not

necessarily

an

indication

of

the

risk

associated

with

investing

in

those

instruments.

The

following

is

a

summary

of

the

inputs

used

as

of

September

30,

2025

in

valuing

the

Fund’s

securities

carried

at

fair

value

(amounts

in

thousands):

*For

additional

detail

regarding

sector

and/or

sub-industry

classifications,

please

see

the

schedule

of

investments.

#### Fund

#### Level

#### 1
#### -

#### Quoted

#### Prices

#### Level

#### 2
#### -

#### Other

#### Significant

#### Observable

#### Inputs

#### Level

#### 3
#### -

#### Significant

#### Unobservable

#### Inputs

#### Totals
**(Level**

#### 1,2,3)

#### Principal

#### Real

#### Asset

#### Fund

#### Common

#### Stocks
Basic

Materials

$

2,307

$

1,529

$

—

$

3,836

Communications

—

375

—

375

Consumer,

Cyclical

8

—

—

8

Consumer,

Non-cyclical

851

508

—

1,359

Energy

2,833

1,486

—

4,319

### Financial
10,445

5,156

—

15,601

Industrial

2,068

2,013

—

4,