Principal Real Asset Fund announced a quarterly repurchase offer for up to 5% of outstanding shares from October 5 to October 30, 2026. Requests are due by 3:00 p.m. Central Time on October 30; payment is expected within seven days.

Principal Real Asset Fund updated its officer table to show Megan Hoffmann as Chief Financial Officer since 2026, Anna Minner as Vice President and Assistant Treasurer since 2026, and Michael Scholten as Vice President since 2026.

Principal Real Asset Fund will add State Street Bank and Trust Company as Sub-Administrator and Custodian effective September 8, 2026, making State Street responsible for administration, accounting, recordkeeping and daily net asset value calculation.

Principal Real Asset Fund reported annual fund voting information for the year ended June 30, 2026, identifying one series and no other included managers. This provides investors with fund-level proxy voting reporting transparency without confidential treatment.

Principal Real Asset Fund extended contractual fee and expense limits through July 31, 2027, including a 0.82% management fee waiver, resulting in net annual operating expenses of 1.96%, 1.66%, and 1.46% for Class A, Institutional, and Class Y shares.

Principal Real Asset Fund announced a quarterly repurchase of up to 5% of outstanding common shares at net asset value, with requests due July 31, 2026. Oversubscriptions may be increased by 2% or accepted pro rata.

Principal Real Asset Fund reported $3.2 million of securities sold and $10 million redeemed or repurchased for the fiscal year ending March 31, 2026. No registration fee or interest is due.

Principal Real Asset Fund will remove all references to Jessica S. Bush from its Prospectus and Statement of Additional Information effective April 24, 2026. The update reflects a Portfolio Management personnel change with her name deleted from the relevant disclosure sections.

Principal Real Asset Fund announced a quarterly repurchase offer for up to 5% of its outstanding common shares, with tender requests due April 30, 2026 and NAV-based pricing on that date. Shareholders who tender may receive cash payment within seven calendar days, subject to proration if the offer is oversubscribed.

Principal Private Credit Fund and Principal Real Asset Fund renewed a $1.5 million joint fidelity bond for January 31, 2026 to January 31, 2027. Each pays a ratable portion of 70% of the premium based on relative net assets.