Principal Real Asset Fund has made a significant update to its management structure by removing May Tong as a Portfolio Manager, effective November 3, 2026. This change is detailed in a recent filing with the SEC, indicating a shift in the fund's leadership.

Background

Principal Real Asset Fund, identified by the Central Index Key (CIK) 0001756404, operates under the ticker symbols PDSRX and PDSKX. The fund is incorporated in Delaware and is focused on real asset investments. Its recent filings include a series of updates, with the latest being a 424B3 form filed on November 3, 2026.

What the Filing Says

The filing states, "Effective November 3, 2026, remove May Tong as a Portfolio Manager for the Principal Real Asset Fund. Accordingly, all references to May Tong in the Funds’ Prospectus and Statement of Additional Information are hereby deleted." This indicates a formal adjustment in the management team.

Impact

This change may affect current and potential investors in the fund, as leadership roles can influence investment strategies and overall fund performance. Stakeholders will be keen to understand how this adjustment aligns with the fund's objectives and management philosophy.

What's Next

The filing does not say what happens next.

Company Overview

Principal Real Asset Fund was formerly known as Principal Diversified Select Real Asset Fund, a name change that took effect on October 18, 2018. The fund is incorporated in Delaware and has a fiscal year ending on March 31. Its business and mailing address is located at 711 High St., Des Moines, IA, with a contact phone number of 515-235-9328.

Filing Details

The recent 424B3 filing, which is part of the SEC's 1933 Act requirements, is identified under SEC file number 333-228850. This filing serves as a supplement to the Prospectus and Statement of Additional Information dated August 1, 2026, and is intended to update investors on significant changes within the fund's management.

Absence of Additional Information

The filing does not provide details regarding the reasons for May Tong's removal or any potential successors who may take on the portfolio management role. Additionally, there is no information on how this change might impact the fund's investment strategy or performance moving forward.