# EDGAR Filing Document

**Accession Number:** 0001756404
**File Stem:** 0001756404-26-000017
**Filing Date:** 2026-5
**Character Count:** 90888
**Document Hash:** c7de245ca6503ed1572fa2c4ce1cee5b
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001756404-26-000017.hdr.sgml**: 20260526

**ACCESSION NUMBER**: 0001756404-26-000017

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20260331

**FILED AS OF DATE**: 20260526

**DATE AS OF CHANGE**: 20260526

**PERIOD START**: 20260331

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Principal Real Asset Fund
- **CENTRAL INDEX KEY:** 0001756404

**ORGANIZATION NAME:**
- **EIN:** 832104764
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 0331

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-23403
- **FILM NUMBER:** 261019192

**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

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Principal Diversified Select Real Asset Fund
- **DATE OF NAME CHANGE:** 20181018

## Form NPORT-P: Monthly Portfolio Investments Report

### NPORT-P: Part A: General Information

**Item A.1. Information about the Registrant.**

- **a. Name of Registrant:** Principal Real Asset Fund

- **b. Investment Company Act file number:** 811-23403

- **c. CIK number of Registrant:** 0001756404

- **d. LEI of Registrant:** 549300HSJTLJOEDEF407

- **e. Address and telephone number of Registrant.**

  - **Street Address 1:** 711 High St

  - **City:** Des Moines

  - **State:** IA

  - **Foreign country:** US

  - **Zip / Postal Code:** 50392

  - **Telephone number:** 515-235-1719

**Item A.2. Information about the Series.**

- **a. Name of Series:** Principal Real Asset Fund

- **c. LEI of Series:** 549300HSJTLJOEDEF407

**Item A.3. Reporting period.**

- **a. Date of fiscal year-end:** 2026-03-31

- **b. Date as of which information is reported:** 2026-03-31

**Item A.4. Final filing**

Does the Fund anticipate that this will be its final filing on Form N-PORT? **No**

### Fund Information

**Total Assets:** $181475203.25

**Total Liabilities:** $10886218.20

**Net Assets:** $170588985.05

**Cash Not Reported:** $362841.54

**Monthly Return Information**

| Class        | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID N/A | 1.68%                | 2.97%                | -0.90%               |
| Class ID N/A | 1.66%                | 2.94%                | -0.92%               |
| Class ID N/A | 1.60%                | 2.93%                | -0.93%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $97246.57                | $2386638.05                                |
| Month 2  | $104954.37               | $4703711.10                                |
| Month 3  | $1438204.09              | $-3390092.86                               |

### Schedule of Portfolio Investments

| Name                                                                                      | Title                                                                                     | Identifiers                                   | Payoff Profile   | Asset Category   | Issuer Category   | Country   | Balance   | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   | Fair Value Level   | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| Antofagasta PLC                                                                           | Antofagasta PLC                                                                           | CUSIP: N/A<br>LEI: 213800MY6QVH4FVLD628       | Long             | EC               | CORP              | CL        | 722       | NS      | $32377.51     | 0.02%             |  |  |  | No            | 2                  | On Loan: No      |
| Agree Realty Corp                                                                         | Agree Realty Corp                                                                         | CUSIP: 008492100<br>LEI: N/A                  | Long             | EC               | CORP              | US        | 1953      | NS      | $147217.14    | 0.09%             |  |  |  | No            | 1                  | On Loan: No      |
| British Land Co PLC/The                                                                   | British Land Co PLC/The                                                                   | CUSIP: N/A<br>LEI: RV5B68J2GV3QGMRPW209       | Long             | EC               | CORP              | GB        | 8610      | NS      | $40728.17     | 0.02%             |  |  |  | No            | 2                  | On Loan: No      |
| Kinetik Holdings Inc                                                                      | Kinetik Holdings Inc                                                                      | CUSIP: 02215L209<br>LEI: N/A                  | Long             | EC               | CORP              | US        | 9341      | NS      | $452197.81    | 0.27%             |  |  |  | No            | 1                  | On Loan: No      |
| American Homes 4 Rent                                                                     | American Homes 4 Rent                                                                     | CUSIP: 02665T306<br>LEI: 549300ZJUO7A58PNUW40 | Long             | EC               | CORP              | US        | 4907      | NS      | $137003.44    | 0.08%             |  |  |  | No            | 1                  | On Loan: No      |
| American Tower Corp                                                                       | American Tower Corp                                                                       | CUSIP: 03027X100<br>LEI: 5493006ORUSIL88JOE18 | Long             | EC               | CORP              | US        | 5197      | NS      | $896898.26    | 0.53%             |  |  |  | No            | 1                  | On Loan: No      |
| Archer-Daniels-Midland Co                                                                 | Archer-Daniels-Midland Co                                                                 | CUSIP: 039483102<br>LEI: 549300LO13MQ9HYSTR83 | Long             | EC               | CORP              | US        | 2068      | NS      | $150322.92    | 0.09%             |  |  |  | No            | 1                  | On Loan: No      |
| AvalonBay Communities Inc                                                                 | AvalonBay Communities Inc                                                                 | CUSIP: 053484101<br>LEI: K9G90K85RBWD2LAGQX17 | Long             | EC               | CORP              | US        | 974       | NS      | $159102.90    | 0.09%             |  |  |  | No            | 1                  | On Loan: No      |
| Avery Dennison Corp                                                                       | Avery Dennison Corp                                                                       | CUSIP: 053611109<br>LEI: 549300PW7VPFCYKLIV37 | Long             | EC               | CORP              | US        | 330       | NS      | $56984.40     | 0.03%             |  |  |  | No            | 1                  | On Loan: No      |
| Baker Hughes Co                                                                           | Baker Hughes Co                                                                           | CUSIP: 05722G100<br>LEI: N/A                  | Long             | EC               | CORP              | US        | 700       | NS      | $42735.00     | 0.03%             |  |  |  | No            | 1                  | On Loan: No      |
| BP PLC                                                                                    | BP PLC                                                                                    | CUSIP: N/A<br>LEI: 213800LH1BZH3DI6G760       | Long             | EC               | CORP              | GB        | 28426     | NS      | $222483.30    | 0.13%             |  |  |  | No            | 2                  | On Loan: No      |
| CF Industries Holdings Inc                                                                | CF Industries Holdings Inc                                                                | CUSIP: 125269100<br>LEI: 529900CG8YAQFZ2JMV97 | Long             | EC               | CORP              | US        | 674       | NS      | $87512.16     | 0.05%             |  |  |  | No            | 1                  | On Loan: No      |
| CMS Energy Corp                                                                           | CMS Energy Corp                                                                           | CUSIP: 125896100<br>LEI: 549300IA9XFBAGNIBW29 | Long             | EC               | CORP              | US        | 10540     | NS      | $817693.20    | 0.48%             |  |  |  | No            | 1                  | On Loan: No      |
| CSX Corp                                                                                  | CSX Corp                                                                                  | CUSIP: 126408103<br>LEI: 549300JVQR4N1MMP3Q88 | Long             | EC               | CORP              | US        | 26414     | NS      | $1084294.70   | 0.64%             |  |  |  | No            | 1                  | On Loan: No      |
| Coterra Energy Inc                                                                        | Coterra Energy Inc                                                                        | CUSIP: 127097103<br>LEI: FCNMH6O7VWU7LHXMK351 | Long             | EC               | CORP              | US        | 540       | NS      | $18975.60     | 0.01%             |  |  |  | No            | 1                  | On Loan: No      |
| CenterPoint Energy Inc                                                                    | CenterPoint Energy Inc                                                                    | CUSIP: 15189T107<br>LEI: 21TPXMRRHFKOBHDC8J74 | Long             | EC               | CORP              | US        | 18562     | NS      | $801135.92    | 0.47%             |  |  |  | No            | 1                  | On Loan: No      |
| Chevron Corp                                                                              | Chevron Corp                                                                              | CUSIP: 166764100<br>LEI: N/A                  | Long             | EC               | CORP              | US        | 1361      | NS      | $281590.90    | 0.17%             |  |  |  | No            | 1                  | On Loan: No      |
| Agnico Eagle Mines Ltd                                                                    | Agnico Eagle Mines Ltd                                                                    | CUSIP: N/A<br>LEI: 254900BFJ2DOHPMEXN45       | Long             | EC               | CORP              | CA        | 1060      | NS      | $215162.25    | 0.13%             |  |  |  | No            | 1                  | On Loan: No      |
| ConocoPhillips                                                                            | ConocoPhillips                                                                            | CUSIP: 20825C104<br>LEI: WPTL2Z3FIYTHSP5V2253 | Long             | EC               | CORP              | US        | 887       | NS      | $117084.00    | 0.07%             |  |  |  | No            | 1                  | On Loan: No      |
| Consolidated Edison Inc                                                                   | Consolidated Edison Inc                                                                   | CUSIP: 209115104<br>LEI: 54930033SBW53OO8T749 | Long             | EC               | CORP              | US        | 6572      | NS      | $743818.96    | 0.44%             |  |  |  | No            | 1                  | On Loan: No      |
| Cameco Corp                                                                               | Cameco Corp                                                                               | CUSIP: N/A<br>LEI: N4BHALMXL3GMZKCUON55       | Long             | EC               | CORP              | CA        | 785       | NS      | $85367.55     | 0.05%             |  |  |  | No            | 1                  | On Loan: No      |
| Canadian Natural Resources Ltd                                                            | Canadian Natural Resources Ltd                                                            | CUSIP: N/A<br>LEI: 549300T15RIMIKZC5Q38       | Long             | EC               | CORP              | CA        | 3782      | NS      | $184491.78    | 0.11%             |  |  |  | No            | 1                  | On Loan: No      |
| Canadian National Railway Co                                                              | Canadian National Railway Co                                                              | CUSIP: N/A<br>LEI: 3SU7BEP7TH9YEQOZCS77       | Long             | EC               | CORP              | CA        | 8100      | NS      | $833698.51    | 0.49%             |  |  |  | No            | 1                  | On Loan: No      |
| COPT Defense Properties                                                                   | COPT Defense Properties                                                                   | CUSIP: 22002T108<br>LEI: YY1J47X6LF9TYY8JY420 | Long             | EC               | CORP              | US        | 2531      | NS      | $77448.60     | 0.05%             |  |  |  | No            | 1                  | On Loan: No      |
| Corteva Inc                                                                               | Corteva Inc                                                                               | CUSIP: 22052L104<br>LEI: 549300WZN9I2QKLS0O94 | Long             | EC               | CORP              | US        | 2916      | NS      | $244098.36    | 0.14%             |  |  |  | No            | 1                  | On Loan: No      |
| Cousins Properties Inc                                                                    | Cousins Properties Inc                                                                    | CUSIP: 222795502<br>LEI: 5493007XPYD5EJABN062 | Long             | EC               | CORP              | US        | 1978      | NS      | $44643.46     | 0.03%             |  |  |  | No            | 1                  | On Loan: No      |
| Crown Castle Inc                                                                          | Crown Castle Inc                                                                          | CUSIP: 22822V101<br>LEI: 54930012H97VSM0I2R19 | Long             | EC               | CORP              | US        | 9274      | NS      | $754068.94    | 0.44%             |  |  |  | No            | 1                  | On Loan: No      |
| Curbline Properties Corp                                                                  | Curbline Properties Corp                                                                  | CUSIP: 23128Q101<br>LEI: 529900PGR41LH0I81I15 | Long             | EC               | CORP              | US        | 1988      | NS      | $51270.52     | 0.03%             |  |  |  | No            | 1                  | On Loan: No      |
| DT Midstream Inc                                                                          | DT Midstream Inc                                                                          | CUSIP: 23345M107<br>LEI: N/A                  | Long             | EC               | CORP              | US        | 3595      | NS      | $484138.65    | 0.28%             |  |  |  | No            | 1                  | On Loan: No      |
| First Quantum Minerals Ltd                                                                | First Quantum Minerals Ltd                                                                | CUSIP: N/A<br>LEI: 549300I7UVBGWRYMYZ18       | Long             | EC               | CORP              | CA        | 1432      | NS      | $34237.88     | 0.02%             |  |  |  | No            | 1                  | On Loan: No      |
| Darling Ingredients Inc                                                                   | Darling Ingredients Inc                                                                   | CUSIP: 237266101<br>LEI: L1N0SPPKS7EXZYUMZ898 | Long             | EC               | CORP              | US        | 673       | NS      | $41625.05     | 0.02%             |  |  |  | No            | 1                  | On Loan: No      |
| Imperial Oil Ltd                                                                          | Imperial Oil Ltd                                                                          | CUSIP: N/A<br>LEI: 549300JZNB745JT5WY51       | Long             | EC               | CORP              | CA        | 278       | NS      | $36413.18     | 0.02%             |  |  |  | No            | 1                  | On Loan: No      |
| Devon Energy Corp                                                                         | Devon Energy Corp                                                                         | CUSIP: 25179M103<br>LEI: 54930042348RKR3ZPN35 | Long             | EC               | CORP              | US        | 445       | NS      | $22392.40     | 0.01%             |  |  |  | No            | 1                  | On Loan: No      |
| Diamondback Energy Inc                                                                    | Diamondback Energy Inc                                                                    | CUSIP: 25278X109<br>LEI: 549300R22LSX6OHWEN64 | Long             | EC               | CORP              | US        | 133       | NS      | $26306.07     | 0.02%             |  |  |  | No            | 1                  | On Loan: No      |
| Digital Realty Trust Inc                                                                  | Digital Realty Trust Inc                                                                  | CUSIP: 253868103<br>LEI: 549300HKCZ31D08NEI41 | Long             | EC               | CORP              | US        | 892       | NS      | $160747.32    | 0.09%             |  |  |  | No            | 1                  | On Loan: No      |
| EOG Resources Inc                                                                         | EOG Resources Inc                                                                         | CUSIP: 26875P101<br>LEI: XWTZDRYZPBUHIQBKDB46 | Long             | EC               | CORP              | US        | 391       | NS      | $56526.87     | 0.03%             |  |  |  | No            | 1                  | On Loan: No      |
| EQT Corp                                                                                  | EQT Corp                                                                                  | CUSIP: 26884L109<br>LEI: 4NT01YGM4X7ZX86ISY52 | Long             | EC               | CORP              | US        | 442       | NS      | $28128.88     | 0.02%             |  |  |  | No            | 1                  | On Loan: No      |
| Ecopetrol SA                                                                              | Ecopetrol SA                                                                              | CUSIP: 279158109<br>LEI: 254900IDGKCJICKBPA66 | Long             | EC               | CORP              | CO        | 441       | NS      | $6610.59      | 0.00%             |  |  |  | No            | 1                  | On Loan: No      |
| Teck Resources Ltd                                                                        | Teck Resources Ltd                                                                        | CUSIP: N/A<br>LEI: T8KI5SQ2JRWHL7XY0E11       | Long             | EC               | CORP              | CA        | 939       | NS      | $48667.89     | 0.03%             |  |  |  | No            | 1                  | On Loan: No      |
| Entergy Corp                                                                              | Entergy Corp                                                                              | CUSIP: 29364G103<br>LEI: 4XM3TW50JULSLG8BNC79 | Long             | EC               | CORP              | US        | 9938      | NS      | $1116633.68   | 0.65%             |  |  |  | No            | 1                  | On Loan: No      |
| Equinix Inc                                                                               | Equinix Inc                                                                               | CUSIP: 29444U700<br>LEI: 549300EVUN2BTLJ3GT74 | Long             | EC               | CORP              | US        | 985       | NS      | $965536.40    | 0.57%             |  |  |  | No            | 1                  | On Loan: No      |
| Equity LifeStyle Properties Inc                                                           | Equity LifeStyle Properties Inc                                                           | CUSIP: 29472R108<br>LEI: 529900PEQG66LENB6798 | Long             | EC               | CORP              | US        | 1005      | NS      | $62732.10     | 0.04%             |  |  |  | No            | 1                  | On Loan: No      |
| West Fraser Timber Co Ltd                                                                 | West Fraser Timber Co Ltd                                                                 | CUSIP: N/A<br>LEI: 5493005WD1ZK6WBVR988       | Long             | EC               | CORP              | CA        | 926       | NS      | $60481.89     | 0.04%             |  |  |  | No            | 1                  | On Loan: No      |
| Essex Property Trust Inc                                                                  | Essex Property Trust Inc                                                                  | CUSIP: 297178105<br>LEI: 549300TR2H2VEFX0NC60 | Long             | EC               | CORP              | US        | 336       | NS      | $81312.00     | 0.05%             |  |  |  | No            | 1                  | On Loan: No      |
| Extra Space Storage Inc                                                                   | Extra Space Storage Inc                                                                   | CUSIP: 30225T102<br>LEI: N/A                  | Long             | EC               | CORP              | US        | 1310      | NS      | $171780.30    | 0.10%             |  |  |  | No            | 1                  | On Loan: No      |
| Exxon Mobil Corp                                                                          | Exxon Mobil Corp                                                                          | CUSIP: 30231G102<br>LEI: J3WHBG0MTS7O8ZVMDC91 | Long             | EC               | CORP              | US        | 3026      | NS      | $513391.16    | 0.30%             |  |  |  | No            | 1                  | On Loan: No      |
| FMC Corp                                                                                  | FMC Corp                                                                                  | CUSIP: 302491303<br>LEI: CKDHZ2X64EEBQCSP7013 | Long             | EC               | CORP              | US        | 532       | NS      | $9161.04      | 0.01%             |  |  |  | No            | 1                  | On Loan: No      |
| Freeport-McMoRan Inc                                                                      | Freeport-McMoRan Inc                                                                      | CUSIP: 35671D857<br>LEI: 549300IRDTHJQ1PVET45 | Long             | EC               | CORP              | US        | 3037      | NS      | $178514.86    | 0.10%             |  |  |  | No            | 1                  | On Loan: No      |
| Gaming and Leisure Properties Inc                                                         | Gaming and Leisure Properties Inc                                                         | CUSIP: 36467J108<br>LEI: 5493006GWRDBCZYWTM57 | Long             | EC               | CORP              | US        | 1663      | NS      | $73787.31     | 0.04%             |  |  |  | No            | 1                  | On Loan: No      |
| Gold Fields Ltd                                                                           | Gold Fields Ltd                                                                           | CUSIP: 38059T106<br>LEI: 5299003KXIBJQYCBBD72 | Long             | EC               | CORP              | ZA        | 1888      | NS      | $85715.20     | 0.05%             |  |  |  | No            | 1                  | On Loan: No      |
| Graphic Packaging Holding Co                                                              | Graphic Packaging Holding Co                                                              | CUSIP: 388689101<br>LEI: N/A                  | Long             | EC               | CORP              | US        | 1257      | NS      | $12494.58     | 0.01%             |  |  |  | No            | 1                  | On Loan: No      |
| American Healthcare REIT Inc                                                              | American Healthcare REIT Inc                                                              | CUSIP: 398182303<br>LEI: 2549004GGE2APGNT6O92 | Long             | EC               | CORP              | US        | 4581      | NS      | $216039.96    | 0.13%             |  |  |  | No            | 1                  | On Loan: No      |
| Halliburton Co                                                                            | Halliburton Co                                                                            | CUSIP: 406216101<br>LEI: ENYF8GB5SMQZ25S06U51 | Long             | EC               | CORP              | US        | 597       | NS      | $23277.03     | 0.01%             |  |  |  | No            | 1                  | On Loan: No      |
| Hilton Worldwide Holdings Inc                                                             | Hilton Worldwide Holdings Inc                                                             | CUSIP: 43300A203<br>LEI: 549300HVGPK36ICB0B89 | Long             | EC               | CORP              | US        | 218       | NS      | $66289.44     | 0.04%             |  |  |  | No            | 1                  | On Loan: No      |
| Ingredion Inc                                                                             | Ingredion Inc                                                                             | CUSIP: 457187102<br>LEI: PKSTQ48QDN0XSVS7YK88 | Long             | EC               | CORP              | US        | 271       | NS      | $30530.86     | 0.02%             |  |  |  | No            | 1                  | On Loan: No      |
| International Paper Co                                                                    | International Paper Co                                                                    | CUSIP: 460146103<br>LEI: 824LMFJDH41EY779Q875 | Long             | EC               | CORP              | US        | 2275      | NS      | $81217.50     | 0.05%             |  |  |  | No            | 1                  | On Loan: No      |
| InvenTrust Properties Corp                                                                | InvenTrust Properties Corp                                                                | CUSIP: 46124J201<br>LEI: 5493006BQYSOBYVUFA03 | Long             | EC               | CORP              | US        | 3120      | NS      | $95035.20     | 0.06%             |  |  |  | No            | 1                  | On Loan: No      |
| iShares Global Infrastructure ETF                                                         | iShares Global Infrastructure ETF                                                         | CUSIP: 464288372<br>LEI: 549300ZC2N3HUK3DTK30 | Long             | EC               | RF                | US        | 18600     | NS      | $1246200.00   | 0.73%             |  |  |  | No            | 1                  | On Loan: No      |
| Janus Living Inc                                                                          | Janus Living Inc                                                                          | CUSIP: 471024109<br>LEI: 2549003JCIOFKGHO7313 | Long             | EC               | CORP              | US        | 1304      | NS      | $30735.28     | 0.02%             |  |  |  | No            | 1                  | On Loan: No      |
| Jones Lang LaSalle Inc                                                                    | Jones Lang LaSalle Inc                                                                    | CUSIP: 48020Q107<br>LEI: 6SYKCME112RT8TQUO411 | Long             | EC               | CORP              | US        | 96        | NS      | $29214.72     | 0.02%             |  |  |  | No            | 1                  | On Loan: No      |
| UPM-Kymmene Oyj                                                                           | UPM-Kymmene Oyj                                                                           | CUSIP: N/A<br>LEI: 213800EC6PW5VU4J9U64       | Long             | EC               | CORP              | FI        | 8708      | NS      | $272559.68    | 0.16%             |  |  |  | No            | 2                  | On Loan: No      |
| Stora Enso Oyj                                                                            | Stora Enso Oyj                                                                            | CUSIP: N/A<br>LEI: 7437000ZP669LKUTZ738       | Long             | EC               | CORP              | FI        | 10112     | NS      | $118744.80    | 0.07%             |  |  |  | No            | 2                  | On Loan: No      |
| Louisiana-Pacific Corp                                                                    | Louisiana-Pacific Corp                                                                    | CUSIP: 546347105<br>LEI: 549300C7E2UAO5BVRR75 | Long             | EC               | CORP              | US        | 269       | NS      | $19569.75     | 0.01%             |  |  |  | No            | 1                  | On Loan: No      |
| Marathon Petroleum Corp                                                                   | Marathon Petroleum Corp                                                                   | CUSIP: 56585A102<br>LEI: 3BNYRYQHD39K4LCKQF12 | Long             | EC               | CORP              | US        | 217       | NS      | $52987.06     | 0.03%             |  |  |  | No            | 1                  | On Loan: No      |
| Repsol SA                                                                                 | Repsol SA                                                                                 | CUSIP: N/A<br>LEI: BSYCX13Y0NOTV14V9N85       | Long             | EC               | CORP              | ES        | 2054      | NS      | $57817.24     | 0.03%             |  |  |  | No            | 2                  | On Loan: No      |
| TAG Immobilien AG                                                                         | TAG Immobilien AG                                                                         | CUSIP: N/A<br>LEI: 529900TAE68USJNXLR59       | Long             | EC               | CORP              | DE        | 2585      | NS      | $40581.40     | 0.02%             |  |  |  | No            | 2                  | On Loan: No      |
| Fortescue Ltd                                                                             | Fortescue Ltd                                                                             | CUSIP: N/A<br>LEI: 529900VEJFORCO6I4826       | Long             | EC               | CORP              | AU        | 3472      | NS      | $49613.51     | 0.03%             |  |  |  | No            | 2                  | On Loan: No      |
| BHP Group Ltd                                                                             | BHP Group Ltd                                                                             | CUSIP: N/A<br>LEI: WZE1WSENV6JSZFK0JC28       | Long             | EC               | CORP              | AU        | 10701     | NS      | $387189.28    | 0.23%             |  |  |  | No            | 2                  | On Loan: No      |
| Mosaic Co/The                                                                             | Mosaic Co/The                                                                             | CUSIP: 61945C103<br>LEI: 2YD5STGSJNMUB7H76907 | Long             | EC               | CORP              | US        | 1352      | NS      | $34476.00     | 0.02%             |  |  |  | No            | 1                  | On Loan: No      |
| City Developments Ltd                                                                     | City Developments Ltd                                                                     | CUSIP: N/A<br>LEI: 254900BPLPJS0RJ72373       | Long             | EC               | CORP              | SG        | 10600     | NS      | $68088.76     | 0.04%             |  |  |  | No            | 2                  | On Loan: No      |
| Beijing Capital International Airport Co Ltd                                              | Beijing Capital International Airport Co Ltd                                              | CUSIP: N/A<br>LEI: 5299001QWQN7CK66FE04       | Long             | EC               | CORP              | CN        | 732000    | NS      | $171669.65    | 0.10%             |  |  |  | No            | 2                  | On Loan: No      |
| Rio Tinto Ltd                                                                             | Rio Tinto Ltd                                                                             | CUSIP: N/A<br>LEI: 529900X2VMAQT2PE0V24       | Long             | EC               | CORP              | AU        | 784       | NS      | $89073.09     | 0.05%             |  |  |  | No            | 2                  | On Loan: No      |
| APA Group                                                                                 | APA Group                                                                                 | CUSIP: N/A<br>LEI: 549300T9RBSX164T8H40       | Long             | EC               | CORP              | AU        | 68314     | NS      | $470595.36    | 0.28%             |  |  |  | No            | 2                  | On Loan: No      |
| East Japan Railway Co                                                                     | East Japan Railway Co                                                                     | CUSIP: N/A<br>LEI: 353800SENYJ2DSM6PS44       | Long             | EC               | CORP              | JP        | 6600      | NS      | $150951.64    | 0.09%             |  |  |  | No            | 2                  | On Loan: No      |
| ENN Energy Holdings Ltd                                                                   | ENN Energy Holdings Ltd                                                                   | CUSIP: N/A<br>LEI: 549300V7BXPWT6WIPR03       | Long             | EC               | CORP              | CN        | 75000     | NS      | $610681.24    | 0.36%             |  |  |  | No            | 2                  | On Loan: No      |
| Nippon Building Fund Inc                                                                  | Nippon Building Fund Inc                                                                  | CUSIP: N/A<br>LEI: 52990053R8NL2MB32172       | Long             | EC               | CORP              | JP        | 100       | NS      | $83967.86     | 0.05%             |  |  |  | No            | 2                  | On Loan: No      |
| CapitaLand Integrated Commercial Trust                                                    | CapitaLand Integrated Commercial Trust                                                    | CUSIP: N/A<br>LEI: 54930031292WUTXF0L29       | Long             | EC               | CORP              | SG        | 71095     | NS      | $127491.63    | 0.07%             |  |  |  | No            | 2                  | On Loan: No      |
| ICL Group Ltd                                                                             | ICL Group Ltd                                                                             | CUSIP: N/A<br>LEI: 529900FQVQD88SHIGM04       | Long             | EC               | CORP              | IL        | 11981     | NS      | $61836.50     | 0.04%             |  |  |  | No            | 2                  | On Loan: No      |
| Newmont Corp                                                                              | Newmont Corp                                                                              | CUSIP: 651639106<br>LEI: 549300VSP3RIX7FGDZ51 | Long             | EC               | CORP              | US        | 2300      | NS      | $248975.00    | 0.15%             |  |  |  | No            | 1                  | On Loan: No      |
| NextEra Energy Inc                                                                        | NextEra Energy Inc                                                                        | CUSIP: 65339F101<br>LEI: 254900RHL9MEUS5NKX63 | Long             | EC               | CORP              | US        | 21166     | NS      | $1965898.08   | 1.15%             |  |  |  | No            | 1                  | On Loan: No      |
| Norfolk Southern Corp                                                                     | Norfolk Southern Corp                                                                     | CUSIP: 655844108<br>LEI: 54930036C8MWP850MI84 | Long             | EC               | CORP              | US        | 2013      | NS      | $577731.00    | 0.34%             |  |  |  | No            | 1                  | On Loan: No      |
| Mitsui Fudosan Co Ltd                                                                     | Mitsui Fudosan Co Ltd                                                                     | CUSIP: N/A<br>LEI: 353800ND4ZKNZDYKMF33       | Long             | EC               | CORP              | JP        | 7400      | NS      | $78887.24     | 0.05%             |  |  |  | No            | 2                  | On Loan: No      |
| Nippon Steel Corp                                                                         | Nippon Steel Corp                                                                         | CUSIP: N/A<br>LEI: 35380065QWQ4U2V3PA33       | Long             | EC               | CORP              | JP        | 11300     | NS      | $41669.27     | 0.02%             |  |  |  | No            | 2                  | On Loan: No      |
| Oji Holdings Corp                                                                         | Oji Holdings Corp                                                                         | CUSIP: N/A<br>LEI: 529900LVC9GIIYUGE243       | Long             | EC               | CORP              | JP        | 14800     | NS      | $80068.73     | 0.05%             |  |  |  | No            | 2                  | On Loan: No      |
| POSCO Holdings Inc                                                                        | POSCO Holdings Inc                                                                        | CUSIP: N/A<br>LEI: 988400E5HRVX81AYLM04       | Long             | EC               | CORP              | KR        | 158       | NS      | $35575.74     | 0.02%             |  |  |  | No            | 2                  | On Loan: No      |
| Nucor Corp                                                                                | Nucor Corp                                                                                | CUSIP: 670346105<br>LEI: 549300GGJCRSI2TIEJ46 | Long             | EC               | CORP              | US        | 486       | NS      | $82182.60     | 0.05%             |  |  |  | No            | 1                  | On Loan: No      |
| Northern Star Resources Ltd                                                               | Northern Star Resources Ltd                                                               | CUSIP: N/A<br>LEI: 254900XFXCRYYZAX6M78       | Long             | EC               | CORP              | AU        | 2988      | NS      | $43435.95     | 0.03%             |  |  |  | No            | 2                  | On Loan: No      |
| Zijin Mining Group Co Ltd                                                                 | Zijin Mining Group Co Ltd                                                                 | CUSIP: N/A<br>LEI: 836800JRNL2393Z2I561       | Long             | EC               | CORP              | CN        | 12000     | NS      | $53981.99     | 0.03%             |  |  |  | No            | 2                  | On Loan: No      |
| Occidental Petroleum Corp                                                                 | Occidental Petroleum Corp                                                                 | CUSIP: 674599105<br>LEI: IM7X0T3ECJW4C1T7ON55 | Long             | EC               | CORP              | US        | 510       | NS      | $33150.00     | 0.02%             |  |  |  | No            | 1                  | On Loan: No      |
| Sumitomo Realty & Development Co Ltd                                                      | Sumitomo Realty & Development Co Ltd                                                      | CUSIP: N/A<br>LEI: 353800SO2DCLOI3LNZ64       | Long             | EC               | CORP              | JP        | 7600      | NS      | $215656.20    | 0.13%             |  |  |  | No            | 2                  | On Loan: No      |
| Sun Hung Kai Properties Ltd                                                               | Sun Hung Kai Properties Ltd                                                               | CUSIP: N/A<br>LEI: 529900LUMD393RD3S874       | Long             | EC               | CORP              | HK        | 13000     | NS      | $216460.88    | 0.13%             |  |  |  | No            | 2                  | On Loan: No      |
| Guangdong Investment Ltd                                                                  | Guangdong Investment Ltd                                                                  | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | HK        | 520513    | NS      | $521343.24    | 0.31%             |  |  |  | No            | 2                  | On Loan: No      |
| PG&E Corp                                                                                 | PG&E Corp                                                                                 | CUSIP: 69331C108<br>LEI: 8YQ2GSDWYZXO2EDN3511 | Long             | EC               | CORP              | US        | 41299     | NS      | $725623.43    | 0.43%             |  |  |  | No            | 1                  | On Loan: No      |
| Packaging Corp of America                                                                 | Packaging Corp of America                                                                 | CUSIP: 695156109<br>LEI: 549300XZP8MFZFY8TJ84 | Long             | EC               | CORP              | US        | 386       | NS      | $81916.92     | 0.05%             |  |  |  | No            | 1                  | On Loan: No      |
| Equinor ASA                                                                               | Equinor ASA                                                                               | CUSIP: N/A<br>LEI: OW6OFBNCKXC4US5C7523       | Long             | EC               | CORP              | NO        | 1539      | NS      | $65568.15     | 0.04%             |  |  |  | No            | 2                  | On Loan: No      |
| Eni SpA                                                                                   | Eni SpA                                                                                   | CUSIP: N/A<br>LEI: BUCRF72VH5RBN7X3VL35       | Long             | EC               | CORP              | IT        | 3767      | NS      | $107110.60    | 0.06%             |  |  |  | No            | 2                  | On Loan: No      |
| Petroleo Brasileiro SA - Petrobras                                                        | Petroleo Brasileiro SA - Petrobras                                                        | CUSIP: 71654V408<br>LEI: 5493000J801JZRCMFE49 | Long             | EC               | CORP              | BR        | 3383      | NS      | $70197.25     | 0.04%             |  |  |  | No            | 1                  | On Loan: No      |
| Phillips 66                                                                               | Phillips 66                                                                               | CUSIP: 718546104<br>LEI: 5493005JBO5YSIGK1814 | Long             | EC               | CORP              | US        | 291       | NS      | $53014.38     | 0.03%             |  |  |  | No            | 1                  | On Loan: No      |
| Prologis Inc                                                                              | Prologis Inc                                                                              | CUSIP: 74340W103<br>LEI: 529900DFH19P073LZ636 | Long             | EC               | CORP              | US        | 3915      | NS      | $517484.70    | 0.30%             |  |  |  | No            | 1                  | On Loan: No      |
| Klepierre SA                                                                              | Klepierre SA                                                                              | CUSIP: N/A<br>LEI: 969500PB4U31KEFHZ621       | Long             | EC               | CORP              | FR        | 3315      | NS      | $124452.93    | 0.07%             |  |  |  | No            | 2                  | On Loan: No      |
| Regency Centers Corp                                                                      | Regency Centers Corp                                                                      | CUSIP: 758849103<br>LEI: 529900053A7X7FJ97S58 | Long             | EC               | CORP              | US        | 1355      | NS      | $102519.30    | 0.06%             |  |  |  | No            | 1                  | On Loan: No      |
| Reliance Inc                                                                              | Reliance Inc                                                                              | CUSIP: 759509102<br>LEI: 549300E287ZOFT3C5Z56 | Long             | EC               | CORP              | US        | 110       | NS      | $33431.20     | 0.02%             |  |  |  | No            | 1                  | On Loan: No      |
| Yara International ASA                                                                    | Yara International ASA                                                                    | CUSIP: N/A<br>LEI: 213800WKOUWXWFJ5Z514       | Long             | EC               | CORP              | NO        | 2689      | NS      | $157183.95    | 0.09%             |  |  |  | No            | 2                  | On Loan: No      |
| Ryman Hospitality Properties Inc                                                          | Ryman Hospitality Properties Inc                                                          | CUSIP: 78377T107<br>LEI: 529900GCCWW9SRMPJR11 | Long             | EC               | CORP              | US        | 803       | NS      | $74092.81     | 0.04%             |  |  |  | No            | 1                  | On Loan: No      |
| Sabra Health Care REIT Inc                                                                | Sabra Health Care REIT Inc                                                                | CUSIP: 78573L106<br>LEI: 549300E3BC7GU7TAZ621 | Long             | EC               | CORP              | US        | 3636      | NS      | $69920.28     | 0.04%             |  |  |  | No            | 1                  | On Loan: No      |
| SLB Ltd                                                                                   | SLB Ltd                                                                                   | CUSIP: 806857108<br>LEI: 213800ZUA17OK3QLGM62 | Long             | EC               | CORP              | US        | 1082      | NS      | $55603.98     | 0.03%             |  |  |  | No            | 1                  | On Loan: No      |
| Scotts Miracle-Gro Co/The                                                                 | Scotts Miracle-Gro Co/The                                                                 | CUSIP: 810186106<br>LEI: 2TH9E0JTOUXOEGI2R879 | Long             | EC               | CORP              | US        | 189       | NS      | $11493.09     | 0.01%             |  |  |  | No            | 1                  | On Loan: No      |
| Sealed Air Corp                                                                           | Sealed Air Corp                                                                           | CUSIP: 81211K100<br>LEI: Q0M0CZB4YN6JZ65WXI09 | Long             | EC               | CORP              | US        | 626       | NS      | $26323.30     | 0.02%             |  |  |  | No            | 1                  | On Loan: No      |
| Sempra                                                                                    | Sempra                                                                                    | CUSIP: 816851109<br>LEI: PBBKGKLRK5S5C0Y4T545 | Long             | EC               | CORP              | US        | 11071     | NS      | $1075769.07   | 0.63%             |  |  |  | No            | 1                  | On Loan: No      |
| Simon Property Group Inc                                                                  | Simon Property Group Inc                                                                  | CUSIP: 828806109<br>LEI: 529900GQL5X8H7AO3T64 | Long             | EC               | CORP              | US        | 521       | NS      | $97182.13     | 0.06%             |  |  |  | No            | 1                  | On Loan: No      |
| Solaris Energy Infrastructure Inc                                                         | Solaris Energy Infrastructure Inc                                                         | CUSIP: 83418M103<br>LEI: 529900MTK3C8Y8TIIC10 | Long             | EC               | CORP              | US        | 4365      | NS      | $246666.15    | 0.14%             |  |  |  | No            | 1                  | On Loan: No      |
| Southern Copper Corp                                                                      | Southern Copper Corp                                                                      | CUSIP: 84265V105<br>LEI: 2549007U6NAP46Q9TU15 | Long             | EC               | CORP              | US        | 174       | NS      | $29938.44     | 0.02%             |  |  |  | No            | 1                  | On Loan: No      |
| Steel Dynamics Inc                                                                        | Steel Dynamics Inc                                                                        | CUSIP: 858119100<br>LEI: 549300HGGKEL4FYTTQ83 | Long             | EC               | CORP              | US        | 288       | NS      | $51840.00     | 0.03%             |  |  |  | No            | 1                  | On Loan: No      |
| Suzano SA                                                                                 | Suzano SA                                                                                 | CUSIP: 86959K105<br>LEI: 391200AW174YQSDMGG41 | Long             | EC               | CORP              | BR        | 11053     | NS      | $110640.53    | 0.06%             |  |  |  | No            | 1                  | On Loan: No      |
| Vale SA                                                                                   | Vale SA                                                                                   | CUSIP: 91912E105<br>LEI: 254900SMTWBX7RU2SR20 | Long             | EC               | CORP              | BR        | 7557      | NS      | $120231.87    | 0.07%             |  |  |  | No            | 1                  | On Loan: No      |
| Valero Energy Corp                                                                        | Valero Energy Corp                                                                        | CUSIP: 91913Y100<br>LEI: 549300XTO5VR8SKV1V74 | Long             | EC               | CORP              | US        | 217       | NS      | $53616.36     | 0.03%             |  |  |  | No            | 1                  | On Loan: No      |
| Ventas Inc                                                                                | Ventas Inc                                                                                | CUSIP: 92276F100<br>LEI: ORQTRC074CWLT3DKHT41 | Long             | EC               | CORP              | US        | 3538      | NS      | $289337.64    | 0.17%             |  |  |  | No            | 1                  | On Loan: No      |
| Venture Global Inc                                                                        | Venture Global Inc                                                                        | CUSIP: 92333F101<br>LEI: 2549007XC91CAB3E0N98 | Long             | EC               | CORP              | US        | 15732     | NS      | $247936.32    | 0.15%             |  |  |  | No            | 1                  | On Loan: No      |
| Vornado Realty Trust                                                                      | Vornado Realty Trust                                                                      | CUSIP: 929042109<br>LEI: N/A                  | Long             | EC               | CORP              | US        | 1168      | NS      | $30356.32     | 0.02%             |  |  |  | No            | 1                  | On Loan: No      |
| Morgan Stanley Institutional Liquidity Funds - Government Portfolio - Institutional Class | Morgan Stanley Institutional Liquidity Funds - Government Portfolio - Institutional Class | CUSIP: N/A<br>LEI: N/A                        | Long             | STIV             | RF                | US        | 1165195   | NS      | $1165194.55   | 0.68%             |  |  |  | No            | 1                  | On Loan: No      |
| Welltower Inc                                                                             | Welltower Inc                                                                             | CUSIP: 95040Q104<br>LEI: 254900F33BIAR82QTA19 | Long             | EC               | CORP              | US        | 3010      | NS      | $595107.10    | 0.35%             |  |  |  | No            | 1                  | On Loan: No      |
| Weyerhaeuser Co                                                                           | Weyerhaeuser Co                                                                           | CUSIP: 962166104<br>LEI: 08IRJODWFYBI7QWRGS31 | Long             | EC               | CORP              | US        | 3113      | NS      | $76050.59     | 0.04%             |  |  |  | No            | 1                  | On Loan: No      |
| Williams Cos Inc/The                                                                      | Williams Cos Inc/The                                                                      | CUSIP: 969457100<br>LEI: D71FAKCBLFS2O0RBPG08 | Long             | EC               | CORP              | US        | 17875     | NS      | $1300942.50   | 0.76%             |  |  |  | No            | 1                  | On Loan: No      |
| Xcel Energy Inc                                                                           | Xcel Energy Inc                                                                           | CUSIP: 98389B100<br>LEI: LGJNMI9GH8XIDG5RCM61 | Long             | EC               | CORP              | US        | 9877      | NS      | $784628.88    | 0.46%             |  |  |  | No            | 1                  | On Loan: No      |
| UBS AgriVest Farmland Fund                                                                | UBS AgriVest Farmland Fund                                                                | CUSIP: N/A<br>LEI: N/A                        | Long             |  | PF                | US        |  | NS      | $5643147.77   | 3.31%             |  |  |  | Yes           | N/A                | On Loan: No      |
| ACIP Parallel Fund A, LP                                                                  | ACIP Parallel Fund A, LP                                                                  | CUSIP: N/A<br>LEI: N/A                        | Long             |  | PF                | US        |  | NS      | $4826693.53   | 2.83%             |  |  |  | Yes           | N/A                | On Loan: No      |
| Boardwalk Real Estate Investment Trust                                                    | Boardwalk Real Estate Investment Trust                                                    | CUSIP: N/A<br>LEI: 549300RMNRTTJRCOYW23       | Long             | EC               | CORP              | CA        | 700       | NS      | $31676.37     | 0.02%             |  |  |  | No            | 1                  | On Loan: No      |
| Goodman Group                                                                             | Goodman Group                                                                             | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | AU        | 11581     | NS      | $207919.57    | 0.12%             |  |  |  | No            | 2                  | On Loan: No      |
| Kinross Gold Corp                                                                         | Kinross Gold Corp                                                                         | CUSIP: N/A<br>LEI: 254900O9KHF2A1ZXPT47       | Long             | EC               | CORP              | CA        | 2535      | NS      | $77502.37     | 0.05%             |  |  |  | No            | 1                  | On Loan: No      |
| Elia Group SA/NV                                                                          | Elia Group SA/NV                                                                          | CUSIP: N/A<br>LEI: 549300S1MP1NFDIKT460       | Long             | EC               | CORP              | BE        | 4043      | NS      | $621004.43    | 0.36%             |  |  |  | No            | 2                  | On Loan: No      |
| Link REIT                                                                                 | Link REIT                                                                                 | CUSIP: N/A<br>LEI: 529900XUE70U36QX5M62       | Long             | EC               | CORP              | HK        | 15824     | NS      | $73341.31     | 0.04%             |  |  |  | No            | 2                  | On Loan: No      |
| Norsk Hydro ASA                                                                           | Norsk Hydro ASA                                                                           | CUSIP: N/A<br>LEI: 549300N1SDN71ZZ8BO45       | Long             | EC               | CORP              | NO        | 2727      | NS      | $29065.45     | 0.02%             |  |  |  | No            | 2                  | On Loan: No      |
| Japan Hotel REIT Investment Corp                                                          | Japan Hotel REIT Investment Corp                                                          | CUSIP: N/A<br>LEI: 353800L8KG849FP1JI68       | Long             | EC               | CORP              | JP        | 62        | NS      | $29425.69     | 0.02%             |  |  |  | No            | 2                  | On Loan: No      |
| TotalEnergies SE                                                                          | TotalEnergies SE                                                                          | CUSIP: N/A<br>LEI: 529900S21EQ1BO4ESM68       | Long             | EC               | CORP              | FR        | 3672      | NS      | $336996.24    | 0.20%             |  |  |  | No            | 2                  | On Loan: No      |
| Aeroports de Paris SA                                                                     | Aeroports de Paris SA                                                                     | CUSIP: N/A<br>LEI: 969500PJMBSFHYC37989       | Long             | EC               | CORP              | FR        | 3894      | NS      | $475721.16    | 0.28%             |  |  |  | No            | 2                  | On Loan: No      |
| Reliance Industries Ltd                                                                   | Reliance Industries Ltd                                                                   | CUSIP: N/A<br>LEI: 5493003UOETFYRONLG31       | Long             | EC               | CORP              | IN        | 3071      | NS      | $180548.73    | 0.11%             |  |  |  | No            | 2                  | On Loan: No      |
| Wilmar International Ltd                                                                  | Wilmar International Ltd                                                                  | CUSIP: N/A<br>LEI: 549300H2EAI4YRLWBB20       | Long             | EC               | CORP              | SG        | 43200     | NS      | $129789.00    | 0.08%             |  |  |  | No            | 2                  | On Loan: No      |
| Mitsui Fudosan Accommodations Fund Inc                                                    | Mitsui Fudosan Accommodations Fund Inc                                                    | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        | 70        | NS      | $59144.99     | 0.03%             |  |  |  | No            | 2                  | On Loan: No      |
| Severn Trent PLC                                                                          | Severn Trent PLC                                                                          | CUSIP: N/A<br>LEI: 213800RPBXRETY4A4C59       | Long             | EC               | CORP              | GB        | 11169     | NS      | $458078.37    | 0.27%             |  |  |  | No            | 2                  | On Loan: No      |
| Severstal PAO                                                                             | Severstal PAO                                                                             | CUSIP: N/A<br>LEI: 213800OKDPTV6K4ONO53       | Long             | EC               | CORP              | RU        | 4878      | NS      | $0.00         | 0.00%             |  |  |  | No            | 2                  | On Loan: No      |
| Safestore Holdings PLC                                                                    | Safestore Holdings PLC                                                                    | CUSIP: N/A<br>LEI: 213800WGA3YSJC1YOH73       | Long             | EC               | CORP              | GB        | 5872      | NS      | $49321.77     | 0.03%             |  |  |  | No            | 2                  | On Loan: No      |
| Svenska Cellulosa AB SCA                                                                  | Svenska Cellulosa AB SCA                                                                  | CUSIP: N/A<br>LEI: 549300FW5JDRV1IJ0M67       | Long             | EC               | CORP              | SE        | 9705      | NS      | $112523.32    | 0.07%             |  |  |  | No            | 2                  | On Loan: No      |
| Cia de Saneamento Basico do Estado de Sao Paulo SABESP                                    | Cia de Saneamento Basico do Estado de Sao Paulo SABESP                                    | CUSIP: N/A<br>LEI: 254900UOXRZRS2TNWP19       | Long             | EC               | CORP              | BR        | 12015     | NS      | $367952.63    | 0.22%             |  |  |  | No            | 1                  | On Loan: No      |
| Franco-Nevada Corp                                                                        | Franco-Nevada Corp                                                                        | CUSIP: N/A<br>LEI: 98450064C1B5D3E94864       | Long             | EC               | CORP              | CA        | 405       | NS      | $100281.97    | 0.06%             |  |  |  | No            | 1                  | On Loan: No      |
| EDP Renovaveis SA                                                                         | EDP Renovaveis SA                                                                         | CUSIP: N/A<br>LEI: 529900MUFAH07Q1TAX06       | Long             | EC               | CORP              | ES        | 17607     | NS      | $282204.07    | 0.17%             |  |  |  | No            | 2                  | On Loan: No      |
| Suncor Energy Inc                                                                         | Suncor Energy Inc                                                                         | CUSIP: N/A<br>LEI: 894500XO86FKXQGPYV71       | Long             | EC               | CORP              | CA        | 2176      | NS      | $143924.78    | 0.08%             |  |  |  | No            | 1                  | On Loan: No      |
| Gibson Energy Inc                                                                         | Gibson Energy Inc                                                                         | CUSIP: N/A<br>LEI: 549300WYW5D9I3FR0643       | Long             | EC               | CORP              | CA        | 28500     | NS      | $608065.56    | 0.36%             |  |  |  | No            | 1                  | On Loan: No      |
| China Hongqiao Group Ltd                                                                  | China Hongqiao Group Ltd                                                                  | CUSIP: N/A<br>LEI: 3003009Q4IBFSDE24571       | Long             | EC               | CORP              | CN        | 7000      | NS      | $31620.47     | 0.02%             |  |  |  | No            | 2                  | On Loan: No      |
| Glencore PLC                                                                              | Glencore PLC                                                                              | CUSIP: N/A<br>LEI: 2138002658CPO9NBH955       | Long             | EC               | CORP              | CH        | 20213     | NS      | $153089.74    | 0.09%             |  |  |  | No            | 2                  | On Loan: No      |
| Algonquin Power & Utilities Corp                                                          | Algonquin Power & Utilities Corp                                                          | CUSIP: N/A<br>LEI: 549300K5VIUTJXQL7X75       | Long             | EC               | CORP              | CA        | 107600    | NS      | $659012.29    | 0.39%             |  |  |  | No            | 1                  | On Loan: No      |
| Cenovus Energy Inc                                                                        | Cenovus Energy Inc                                                                        | CUSIP: N/A<br>LEI: 254900LJGL2N2XEMD470       | Long             | EC               | CORP              | CA        | 2502      | NS      | $66403.45     | 0.04%             |  |  |  | No            | 1                  | On Loan: No      |
| Polyus PJSC                                                                               | Polyus PJSC                                                                               | CUSIP: N/A<br>LEI: 549300FUXVT7TF6ZKV71       | Long             | EC               | CORP              | RU        | 4070      | NS      | $0.00         | 0.00%             |  |  |  | No            | 2                  | On Loan: No      |
| Novolipetsk Steel PJSC                                                                    | Novolipetsk Steel PJSC                                                                    | CUSIP: N/A<br>LEI: 213800913TPW32I84456       | Long             | EC               | CORP              | RU        | 36800     | NS      | $0.00         | 0.00%             |  |  |  | No            | 2                  | On Loan: No      |
| NEXTDC Ltd                                                                                | NEXTDC Ltd                                                                                | CUSIP: N/A<br>LEI: 529900RTERU3X7G3D672       | Long             | EC               | CORP              | AU        | 7481      | NS      | $59810.44     | 0.04%             |  |  |  | No            | 2                  | On Loan: No      |
| Segro PLC                                                                                 | Segro PLC                                                                                 | CUSIP: N/A<br>LEI: 213800XC35KGM9NFC641       | Long             | EC               | CORP              | GB        | 7664      | NS      | $65699.70     | 0.04%             |  |  |  | No            | 2                  | On Loan: No      |
| Swire Properties Ltd                                                                      | Swire Properties Ltd                                                                      | CUSIP: N/A<br>LEI: 5299001L12PHYVQ92465       | Long             | EC               | CORP              | HK        | 15600     | NS      | $45696.43     | 0.03%             |  |  |  | No            | 2                  | On Loan: No      |
| Chartwell Retirement Residences                                                           | Chartwell Retirement Residences                                                           | CUSIP: N/A<br>LEI: 549300M7UBEIZBWP4069       | Long             | EC               | CORP              | CA        | 3000      | NS      | $43390.12     | 0.03%             |  |  |  | No            | 1                  | On Loan: No      |
| Nippon Prologis REIT Inc                                                                  | Nippon Prologis REIT Inc                                                                  | CUSIP: N/A<br>LEI: 353800PHBMSDLAFURY41       | Long             | EC               | CORP              | JP        | 78        | NS      | $42078.58     | 0.02%             |  |  |  | No            | 2                  | On Loan: No      |
| Sarana Menara Nusantara Tbk PT                                                            | Sarana Menara Nusantara Tbk PT                                                            | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | ID        | 12176600  | NS      | $351658.68    | 0.21%             |  |  |  | No            | 2                  | On Loan: No      |
| Enav SpA                                                                                  | Enav SpA                                                                                  | CUSIP: N/A<br>LEI: 81560048ECF8D2059980       | Long             | EC               | CORP              | IT        | 49177     | NS      | $295731.31    | 0.17%             |  |  |  | No            | 2                  | On Loan: No      |
| SIG Group AG                                                                              | SIG Group AG                                                                              | CUSIP: N/A<br>LEI: 5493004Z6P7TSVB1L042       | Long             | EC               | CORP              | CH        | 5685      | NS      | $85220.09     | 0.05%             |  |  |  | No            | 2                  | On Loan: No      |
| Ivanhoe Mines Ltd                                                                         | Ivanhoe Mines Ltd                                                                         | CUSIP: N/A<br>LEI: 5299006XZISURYIA4G32       | Long             | EC               | CORP              | CA        | 1627      | NS      | $13906.28     | 0.01%             |  |  |  | No            | 1                  | On Loan: No      |
| National Grid PLC                                                                         | National Grid PLC                                                                         | CUSIP: N/A<br>LEI: 8R95QZMKZLJX5Q2XR704       | Long             | EC               | CORP              | GB        | 49854     | NS      | $841534.89    | 0.49%             |  |  |  | No            | 2                  | On Loan: No      |
| Nutrien Ltd                                                                               | Nutrien Ltd                                                                               | CUSIP: N/A<br>LEI: 5493002QQ7GD21OWF963       | Long             | EC               | CORP              | CA        | 6469      | NS      | $488325.56    | 0.29%             |  |  |  | No            | 1                  | On Loan: No      |
| Wheaton Precious Metals Corp                                                              | Wheaton Precious Metals Corp                                                              | CUSIP: N/A<br>LEI: 549300XSFG5ZCGVYD886       | Long             | EC               | CORP              | CA        | 953       | NS      | $125093.67    | 0.07%             |  |  |  | No            | 1                  | On Loan: No      |
| Unibail-Rodamco-Westfield                                                                 | Unibail-Rodamco-Westfield                                                                 | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | FR        | 1434      | NS      | $158207.64    | 0.09%             |  |  |  | No            | 2                  | On Loan: No      |
| Blackstone Infrastructure Partners F2, LP                                                 | Blackstone Infrastructure Partners F2, LP                                                 | CUSIP: N/A<br>LEI: N/A                        | Long             |  | PF                | US        |  | NS      | $6598236.54   | 3.87%             |  |  |  | Yes           | N/A                | On Loan: No      |
| CTP NV                                                                                    | CTP NV                                                                                    | CUSIP: N/A<br>LEI: 3157000YTVO4TN65UM14       | Long             | EC               | CORP              | NL        | 1292      | NS      | $21623.64     | 0.01%             |  |  |  | No            | 2                  | On Loan: No      |
| Woodside Energy Group Ltd                                                                 | Woodside Energy Group Ltd                                                                 | CUSIP: N/A<br>LEI: 2549005ZC5RXAOO7FH41       | Long             | EC               | CORP              | AU        | 3452      | NS      | $81941.99     | 0.05%             |  |  |  | No            | 2                  | On Loan: No      |
| Mondi PLC                                                                                 | Mondi PLC                                                                                 | CUSIP: N/A<br>LEI: 213800LOZA69QFDC9N34       | Long             | EC               | CORP              | GB        | 7304      | NS      | $82575.78     | 0.05%             |  |  |  | No            | 2                  | On Loan: No      |
| Prologis Property Mexico SA de CV                                                         | Prologis Property Mexico SA de CV                                                         | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | MX        | 6846      | NS      | $29885.12     | 0.02%             |  |  |  | No            | 1                  | On Loan: No      |
| Merlin Properties Socimi SA                                                               | Merlin Properties Socimi SA                                                               | CUSIP: N/A<br>LEI: 959800L8KD863DP30X04       | Long             | EC               | CORP              | ES        | 4078      | NS      | $66440.51     | 0.04%             |  |  |  | No            | 2                  | On Loan: No      |
| Barrick Mining Corp                                                                       | Barrick Mining Corp                                                                       | CUSIP: N/A<br>LEI: 0O4KBQCJZX82UKGCBV73       | Long             | EC               | CORP              | CA        | 3572      | NS      | $145976.71    | 0.09%             |  |  |  | No            | 1                  | On Loan: No      |
| Shell PLC                                                                                 | Shell PLC                                                                                 | CUSIP: N/A<br>LEI: 21380068P1DRHMJ8KU70       | Long             | EC               | CORP              | GB        | 10448     | NS      | $483896.52    | 0.28%             |  |  |  | No            | 2                  | On Loan: No      |
| Qualitas Ltd                                                                              | Qualitas Ltd                                                                              | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | AU        | 19672     | NS      | $32382.29     | 0.02%             |  |  |  | No            | 2                  | On Loan: No      |
| Fastighets AB Balder                                                                      | Fastighets AB Balder                                                                      | CUSIP: N/A<br>LEI: 549300GHKJCEZOAEUU82       | Long             | EC               | CORP              | SE        | 6327      | NS      | $37054.81     | 0.02%             |  |  |  | No            | 2                  | On Loan: No      |
| JSW Infrastructure Ltd                                                                    | JSW Infrastructure Ltd                                                                    | CUSIP: N/A<br>LEI: 3358003E3YFK92C9WX80       | Long             | EC               | CORP              | IN        | 74971     | NS      | $192715.15    | 0.11%             |  |  |  | No            | 2                  | On Loan: No      |
| Sekisui House Reit Inc                                                                    | Sekisui House Reit Inc                                                                    | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        | 91        | NS      | $51614.39     | 0.03%             |  |  |  | No            | 2                  | On Loan: No      |
| Brookfield Senior Mezzanine Real Estate Finance Fund, LP                                  | Brookfield Senior Mezzanine Real Estate Finance Fund, LP                                  | CUSIP: N/A<br>LEI: N/A                        | Long             |  | PF                | US        |  | NS      | $1519175.35   | 0.89%             |  |  |  | Yes           | N/A                | On Loan: No      |
| Keppel DC REIT                                                                            | Keppel DC REIT                                                                            | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | SG        | 43276     | NS      | $73665.16     | 0.04%             |  |  |  | No            | 2                  | On Loan: No      |
| BTG Pactual Open Ended Core US Timberland Fund, LP                                        | BTG Pactual Open Ended Core US Timberland Fund, LP                                        | CUSIP: N/A<br>LEI: N/A                        | Long             |  | PF                | US        |  | NS      | $5923747.00   | 3.47%             |  |  |  | Yes           | N/A                | On Loan: No      |
| Anglo American PLC                                                                        | Anglo American PLC                                                                        | CUSIP: N/A<br>LEI: 549300S9XF92D1X8ME43       | Long             | EC               | CORP              | GB        | 2474      | NS      | $106221.99    | 0.06%             |  |  |  | No            | 2                  | On Loan: No      |
| China Tower Corp Ltd                                                                      | China Tower Corp Ltd                                                                      | CUSIP: N/A<br>LEI: 300300T6BNNP0L7O7H91       | Long             | EC               | CORP              | CN        | 251600    | NS      | $344016.38    | 0.20%             |  |  |  | No            | 2                  | On Loan: No      |
| Motiva Infraestrutura de Mobilidade SA                                                    | Motiva Infraestrutura de Mobilidade SA                                                    | CUSIP: N/A<br>LEI: 254900H4EUL83CCQ6781       | Long             | EC               | CORP              | BR        | 195392    | NS      | $597886.66    | 0.35%             |  |  |  | No            | 1                  | On Loan: No      |
| Cellnex Telecom SA                                                                        | Cellnex Telecom SA                                                                        | CUSIP: N/A<br>LEI: 5493008T4YG3AQUI7P67       | Long             | EC               | CORP              | ES        | 13251     | NS      | $426084.44    | 0.25%             |  |  |  | No            | 2                  | On Loan: No      |
| ArcelorMittal SA                                                                          | ArcelorMittal SA                                                                          | CUSIP: N/A<br>LEI: 2EULGUTUI56JI9SAL165       | Long             | EC               | CORP              | LU        | 891       | NS      | $46208.82     | 0.03%             |  |  |  | No            | 2                  | On Loan: No      |
| Rumo SA                                                                                   | Rumo SA                                                                                   | CUSIP: N/A<br>LEI: 254900TXQFP7CJCGYM66       | Long             | EC               | CORP              | BR        | 144804    | NS      | $456509.23    | 0.27%             |  |  |  | No            | 1                  | On Loan: No      |
| Atlas Arteria Ltd                                                                         | Atlas Arteria Ltd                                                                         | CUSIP: N/A<br>LEI: 254900SGF4ZQDBH2YC59       | Long             | EC               | CORP              | AU        | 254417    | NS      | $754502.33    | 0.44%             |  |  |  | No            | 2                  | On Loan: No      |
| CBRE Caledon Global Infrastructure Fund (International), LP                               | CBRE Caledon Global Infrastructure Fund (International), LP                               | CUSIP: N/A<br>LEI: N/A                        | Long             |  | PF                | CA        |  | NS      | $12011323.28  | 7.04%             |  |  |  | Yes           | N/A                | On Loan: No      |
| Ceres Farmland Holdings, LP                                                               | Ceres Farmland Holdings, LP                                                               | CUSIP: N/A<br>LEI: N/A                        | Long             |  | PF                | US        |  | NS      | $12519303.02  | 7.34%             |  |  |  | Yes           | N/A                | On Loan: No      |
| Cloud Capital Feeder (ON), LP                                                             | Cloud Capital Feeder (ON), LP                                                             | CUSIP: N/A<br>LEI: N/A                        | Long             |  | PF                | US        |  | NS      | $10347814.00  | 6.07%             |  |  |  | Yes           | N/A                | On Loan: No      |
| Amcor PLC                                                                                 | Amcor PLC                                                                                 | CUSIP: G0250X149<br>LEI: 549300GSODGFCDQ3DI89 | Long             | EC               | CORP              | CH        | 1980      | NS      | $78705.00     | 0.05%             |  |  |  | No            | 1                  | On Loan: No      |
| Anglogold Ashanti Plc                                                                     | Anglogold Ashanti Plc                                                                     | CUSIP: G0378L100<br>LEI: 2138005YDSA7A82RNU96 | Long             | EC               | CORP              | GB        | 894       | NS      | $87039.84     | 0.05%             |  |  |  | No            | 1                  | On Loan: No      |
| Smurfit Westrock PLC                                                                      | Smurfit Westrock PLC                                                                      | CUSIP: G8267P108<br>LEI: 635400EGSEOPDW2EXS14 | Long             | EC               | CORP              | IE        | 2239      | NS      | $89224.15     | 0.05%             |  |  |  | No            | 1                  | On Loan: No      |
| GDIF US Hedged Feeder Fund, LP                                                            | GDIF US Hedged Feeder Fund, LP                                                            | CUSIP: N/A<br>LEI: N/A                        | Long             |  | PF                | US        |  | NS      | $6991783.05   | 4.10%             |  |  |  | Yes           | N/A                | On Loan: No      |
| Bunge Global SA                                                                           | Bunge Global SA                                                                           | CUSIP: H11356104<br>LEI: 254900IVXSV9K0B7PO26 | Long             | EC               | CORP              | US        | 587       | NS      | $74666.40     | 0.04%             |  |  |  | No            | 1                  | On Loan: No      |
| HarbourVest Infrastructure Income Delaware Parallel Partnership, LP                       | HarbourVest Infrastructure Income Delaware Parallel Partnership, LP                       | CUSIP: N/A<br>LEI: N/A                        | Long             |  | PF                | US        |  | NS      | $11876519.92  | 6.96%             |  |  |  | Yes           | N/A                | On Loan: No      |
| Hancock Timberland and Farmland Fund, LP                                                  | Hancock Timberland and Farmland Fund, LP                                                  | CUSIP: N/A<br>LEI: N/A                        | Long             |  | PF                | US        |  | NS      | $11005557.00  | 6.45%             |  |  |  | Yes           | N/A                | On Loan: No      |
| IFM Core Energy Transition Fund (USD) B, SCSp                                             | IFM Core Energy Transition Fund (USD) B, SCSp                                             | CUSIP: N/A<br>LEI: N/A                        | Long             |  | PF                | LU        |  | NS      | $5750646.42   | 3.37%             |  |  |  | Yes           | N/A                | On Loan: No      |
| Global Transport Income Fund Feeder LLC, LP                                               | Global Transport Income Fund Feeder LLC, LP                                               | CUSIP: N/A<br>LEI: N/A                        | Long             |  | PF                | LU        |  | NS      | $6138986.28   | 3.60%             |  |  |  | Yes           | N/A                | On Loan: No      |
| Macquarie Green Energy and Climate Opportunities Fund, SCSp                               | Macquarie Green Energy and Climate Opportunities Fund, SCSp                               | CUSIP: N/A<br>LEI: N/A                        | Long             |  | PF                | US        |  | NS      | $3459060.00   | 2.03%             |  |  |  | Yes           | N/A                | On Loan: No      |
| Maxim Income Opportunity Fund IV, LP                                                      | Maxim Income Opportunity Fund IV, LP                                                      | CUSIP: N/A<br>LEI: N/A                        | Long             |  | PF                | US        |  | NS      | $7103616.00   | 4.16%             |  |  |  | Yes           | N/A                | On Loan: No      |
| PGIM Real Estate US Debt Fund, LP                                                         | PGIM Real Estate US Debt Fund, LP                                                         | CUSIP: N/A<br>LEI: N/A                        | Long             |  | PF                | US        |  | NS      | $5003596.29   | 2.93%             |  |  |  | Yes           | N/A                | On Loan: No      |
| FDR PELF SCA, SICAV-RAIF                                                                  | FDR PELF SCA, SICAV-RAIF                                                                  | CUSIP: N/A<br>LEI: N/A                        | Long             |  | PF                | LU        |  | NS      | $6070734.29   | 3.56%             |  |  |  | Yes           | N/A                | On Loan: No      |
| UBS Trumbull Property Growth & Income Fund                                                | UBS Trumbull Property Growth & Income Fund                                                | CUSIP: N/A<br>LEI: N/A                        | Long             |  | PF                | US        |  | NS      | $5013519.07   | 2.94%             |  |  |  | Yes           | N/A                | On Loan: No      |

### Signature

**Date Signed:** 2026-04-30

**Name of Applicant:** Principal Real Asset Fund

**Signature:** Megan Hoffmann

**Name of Signer:** /s/ Megan Hoffmann

**Title:** Vice President and Treasurer