Company: PDSRX
Filing Date: 2025-07-25
Form Type: 486BPOS
Source: 0001756404-25-000017
Chunk: 97

Company: Principal Real Asset Fund
Filing Date: 2025-07-25
Form: 486BPOS
Chunk 97
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                  0 |     |                              $0 |
| Other pooled investment vehicles |     |                      1 |     |    $2.8 billion |     |                  0 |     |                              $0 |
| Other accounts                   |     |                      0 |     |              $0 |     |                  0 |     |                              $0 |
| May Tong                         |     |                        |     |                 |     |                    |     |                                 |
| Registered investment companies  |     |                     43 |     |   $76.5 billion |     |                  0 |     |                              $0 |
| Other pooled investment vehicles |     |                     37 |     |   $69.3 billion |     |                  0 |     |                              $0 |
| Other accounts                   |     |                      0 |     |              $0 |     |                  0 |     |                              $0 |

#### Compensation
PGI offers the Fund's investment professionals a competitive compensation structure that is evaluated annually relative to other global asset management firms to ensure its continued competitiveness and alignment with industry best practices. The objective of the structure is to offer market competitive compensation that aligns individual and team contributions with firm and client performance objectives in a manner that is consistent with industry standards and business results.

Compensation for the Fund's investment team is comprised of base salary and variable incentive components. As team members advance in their careers, the variable component increases in its proportion commensurate with responsibility levels. The variable component is designed to reinforce delivery of investment performance, firm performance, team collaboration, regulatory compliance, operational excellence, client retention and client satisfaction. Investment performance is measured on a pretax basis against relative client benchmarks and peer groups over one year, three-year and five-year periods, calculated quarterly, reinforcing a longer term orientation.

Payments under the variable incentive plan are delivered in the form of cash or a combination of cash and deferred compensation. The amount of incentive delivered in the form of deferred compensation depends on the size of an individual’s incentive award as it relates to a tiered deferral scale. Deferred compensation will be deferred into one or any combination of the following vehicles: cash, Principal Financial Group (“PFG”) restricted stock units, and/or notional co-investment aligned to funds managed by the team. All payment vehicles are subject to a three-year vesting schedule. The overall measurement framework and the deferred component are well aligned with our desired focus on clients’ objectives (e.g. co-investment), alignment with Principal stakeholders, and