0001756404-23-000092.txt : 20231218 0001756404-23-000092.hdr.sgml : 20231218 20231218102305 ACCESSION NUMBER: 0001756404-23-000092 CONFORMED SUBMISSION TYPE: 424B3 PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20231218 DATE AS OF CHANGE: 20231218 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Principal Real Asset Fund CENTRAL INDEX KEY: 0001756404 ORGANIZATION NAME: 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: 231492521 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 424B3 1 prasaisupp121823.htm 424B3 Document

Principal Real Asset Fund
Supplement dated December 18, 2023
to the Statement of Additional Information dated August 1, 2023
(as previously supplemented)

This supplement updates information currently in the Statement of Additional Information (“SAI”). Please retain this supplement for future reference.
Effective December 31, 2023, Mr. Leroy Barnes and Ms. Mary VanDeWeghe will resign from their respective positions of Independent Board Member to the Principal Real Asset Fund (the “Fund”). As such, the changes set forth below are being made to the Fund’s SAI.
MANAGEMENT OF THE FUND
Effective December 31, 2023, delete all references to Leroy T. Barnes, Jr. and Mary M. VanDeWeghe.
Under Board Committees, in the Committees table, delete the Committee and Independent Board Members column and replace with the following:
Committee and Independent Board Members
15(c) Committee
Karen McMillan, Chair
Katharin S. Dyer
Fritz S. Hirsch
Padelford L. Lattimer

Audit Committee
Victor L. Hymes, Chair
Craig Damos
Frances P. Grieb
Elizabeth A. Nickels

Executive Committee
Kamal Bhatia, Chair
Craig Damos
Patrick G. Halter

Nominating and
Governance Committee
Elizabeth A. Nickels, Chair
Craig Damos
Fritz S. Hirsch
Victor L. Hymes
Karen McMillan

Operations Committee
Padelford L. Lattimer, Chair
Katharin S. Dyer
Karen McMillan


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Under Additional Information Regarding Board Members and Officers, in the FUND COMPLEX OFFICERS table, delete the rows for Randy D. Bolin, George Djurasovic, and Adam U. Shaikh, and add the following alphabetically:
FUND COMPLEX OFFICERS
Name, Address,
and Year of Birth		Position(s) Held
with Fund Complex		Positions with PGI and its Affiliates;
Principal Occupations During Past 5 Years**
George Djurasovic
711 High Street
Des Moines, IA 50392
1971		Vice President and General Counsel (since 2023)
Principal Financial Group*
Vice President and General Counsel – Principal Asset Management (since 2022)

Artisan Partners Limited Partnership
Global Chief Compliance Officer (2013-2022)
Calvin Eib
711 High Street
Des Moines, IA 50392
1963
Assistant Tax Counsel (since 2023)
Principal Financial Group*
Counsel (2021)

Transamerica
Tax Counsel (2016 - 2021)
Adam U. Shaikh
711 High Street
Des Moines, IA 50392
1972		Vice President and Assistant General Counsel
  (since 2023)
Assistant Secretary (since 2022)
Assistant Counsel (2006-2023)
Principal Financial Group*
Assistant General Counsel (since 2018)
*The reference to Principal Financial Group includes positions held by the Interested Board Member / Fund Complex Officer, including as an officer, employee, and/or director, with affiliates or subsidiaries of Principal Financial Group. The titles set forth in this SAI are each Interested Board Member’s / Fund Complex Officer’s title with Principal Workforce, LLC.
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