Company: PDSRX
Filing Date: 2025-05-28
Form Type: N-CSR
Source: 0001756404-25-000011
Chunk: 61

Company: Principal Real Asset Fund
Filing Date: 2025-05-28
Form: N-CSR
Chunk 61
---

to

the

annual

redemption

date,

which

is

the

last

day

of

February.

(h)

This

feeder

fund

represents

an

indirect

ownership

of

the

Prologis

European

Logistics

Fund

which

has

an

investment

objective

of

combining

attractive

current

income

with

long-term

capital

growth

by

investing

in

European

logistics

real

estate

assets.

Redemption

requests

accommodated

quarterly

to

the

extent

of

sufficient

liquid

assets,

with

at

least

90

days

notice.

(i)

This

feeder

fund

offers

hedging

to

protect

against

currency

movements

in

the

Global

Diversified

Infrastructure

Fund

which

invests

in

diversified

infrastructure

investments.

Redemptions

are

subject

to

a

three-year

holding

period

from

the

acquisition

date.

(j)

This

feeder

fund

represents

an

indirect

ownership

of

the

Global

Transport

Income

Fund

which

seeks

to

deliver

attractive,

risk-adjusted

returns

with

an

emphasis

on

stable

income

generation

through

investing

in

the

transport

industries.

Redemption

requests

are

allowed

three

years

after

the

third-quarter

date.

#### Schedule

#### of

#### Investments

#### Principal

#### Real

#### Asset

#### Fund

#### March

#### 31,

#### 2025
See

accompanying

notes.

21

(k)

This

open-end

fund

blends

the

two

asset

classes

of

timberland

and

farmland.

The

geographic

focus

will

be

in

the

U.S.,

Canada,

Australia,

New

Zealand,

Chile,

Brazil,

Uruguay,

and

Western

Europe.

Agriculture

investments

will

be

diversified

among

row

crops

(corn,

soy,

wheat,

etc.),

permanent

crops

(vines/trees),

and

commodity

crops

(cotton,

lettuce,

strawberries,

etc.).