# EDGAR Filing Document

**Accession Number:** 0001756404
**File Stem:** 0001756404-23-000032
**Filing Date:** 2023-3
**Character Count:** 1869
**Document Hash:** 4465da74fdbf39df12b7d20725a4eaea
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001756404-23-000032.hdr.sgml**: 20230320

**ACCESSION NUMBER**: 0001756404-23-000032

**CONFORMED SUBMISSION TYPE**: 424B3

**PUBLIC DOCUMENT COUNT**: 1

**FILED AS OF DATE**: 20230320

**DATE AS OF CHANGE**: 20230320

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Principal Diversified Select Real Asset Fund
- **CENTRAL INDEX KEY:** 0001756404
- **IRS NUMBER:** 832104764
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 0331

**FILING VALUES:**
- **FORM TYPE:** 424B3
- **SEC ACT:** 1933 Act
- **SEC FILE NUMBER:** 333-228850
- **FILM NUMBER:** 23745200

**BUSINESS ADDRESS:**
- **STREET 1:** 711 HIGH ST.
- **CITY:** DES MOINES
- **STATE:** IA
- **ZIP:** 50392
- **BUSINESS PHONE:** 5152359328

**MAIL ADDRESS:**
- **STREET 1:** 711 HIGH ST.
- **CITY:** DES MOINES
- **STATE:** IA
- **ZIP:** 50392

**Principal Diversified Select Real Asset Fund** 

**Supplement dated March 20, 2023**

**to the Prospectus and Statement of Additional Information**

**both dated August 1, 2022**

**(as previously supplemented)**

This supplement updates information currently in the Prospectus and Statement of Additional Information. Please retain this supplement for future reference.

The changes described below are being made to the Principal Diversified Select Real Asset Fund's Prospectus.

**FEE TABLE AND SUMMARY**

*Delete the reference to Tortoise Capital Advisors, L.L.C.*

**MANAGEMENT OF THE FUND**

*Delete all references to Tortoise Capital Advisors, L.L.C.*

The changes described below are being made to the Principal Diversified Select Real Asset Fund's Statement of Additional Information.

**INVESTMENT ADVISORY AND OTHER SERVICES**

*Delete all references to Tortoise Capital Advisors, L.L.C.*

**APPENDIX B – PROXY VOTING POLICIES**

*Delete the proxy voting policy for Tortoise Capital Advisors, L.L.C.*