Company: PDSRX
Filing Date: 2025-05-28
Form Type: N-CSR
Source: 0001756404-25-000011
Chunk: 59

Company: Principal Real Asset Fund
Filing Date: 2025-05-28
Form: N-CSR
Chunk 59
---
ification,

and

energy

storage

and

microgrids.

The

fund

has

a

life

term

of

10

years

during

which,

redemptions

are

not

permitted.

(b)

This

fund

is

an

open-ended

investment

fund

whose

objective

is

to

identify,

acquire

and

operate

a

diversified

portfolio

of

high

quality,

long-duration,

cash-yielding

investments

that

can

compound

at

attractive

risk-adjusted

rates

of

return.  The

fund

seeks

to

invest

in

assets

across

four

primary

infrastructure

sectors:

energy

infrastructure,

transportation,

digital

infrastructure,

and

water

and

waste.  Redemptions

are

subject

to

a

three-year

lock

up

from

the

acquisition

date.

(c)

The

fund

was

established

as

an

open-end

senior

real

estate

debt

fund

focused

on

providing

primarily

floating

rate

financing

secured

by

commercial

property

primarily

located

in

the

U.S.

### Management
of

the

fund

has

recently

announced

their

intention

to

dissolve

this

fund.

They

expect

to

return

50%

of

capital

by

the

end

of

2025

and

the

remaining

over

the

next

five

years.

(d)

This

open-end

fund

will

invest

in

high-quality,

core

infrastructure

assets

principally

throughout

North

America,

Europe

and

Australia

with

a

focus

on

current

yield,

diversification

and

inflation

protection.

Specifically,

the

fund

will

focus

on

regulated

or

contracted

assets

in

the

utilities,

energy,

power

and

transportation

sector

where

Brookfield

has

established

operating

expertise.

Of

those

sectors,

utilities

will

be

a

significant

focus

and

transportation

would

be

a

much

smaller

allocation

in

the

portfolio