X0206 3 2019-06-25 1 0001756404 Principal Diversified Select Real Asset Fund NA 0001616051 KLS Diversified Asset Management LP 452 FIFTH AVENUE, 22ND FLOOR NEW YORK NY 10018 0 0 0 1 Investment Subadvisor KLS Diversified Asset Management LP ("KLS") provides investment subadvisory services to a portion of the assets of Principal Diversified Select Real Asset Fund (the "Issuer"). In connection therewith, KLS may be deemed to be an investment adviser of the Issuer solely for purposes of Section 16(a) of the Securities Exchange Act of 1934, as amended. As a result, KLS is listed as a "Reporting Person" in Item 1 and the "Other" box is marked with "Investment Subadvisor" provided as a specification in Item 4 of this Form 3. KLS Diversified Asset Management LP, By: /s/ Joseph Schneider, Chief Compliance Officer 2020-01-24