Principal Diversified Select Real Asset Fund
Supplement dated June 20, 2023
to the Statement of Additional Information dated August 1, 2022
(as previously supplemented)
This supplement updates information currently in the Statement of Additional Information. Please retain this supplement for future reference. MANAGEMENT OF THE FUND
Leadership Structure and Board of Trustees
Under Additional Information Regarding Board Members and Officers, in the FUND COMPLEX OFFICERS table, delete the rows for Laura B. Latham, Deanna Y. Pellack, Adam U. Shaikh, John L. Sullivan, and Clint Woods, 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 | General Counsel (since 2023) | Vice President/General Counsel PAM, PGI (since 2022) Vice President/General Counsel PAM, PFGI (since 2022)
Vice President/General Counsel PAM, PFSI (since 2022)
Vice President/General Counsel PAM, PLIC (since 2022) Global Chief Compliance Officer, Artisan Partners Limited Partnership (2013-2022)
|
Laura B. Latham
711 High Street
Des Moines, IA 50392
1986
| Counsel and Assistant Secretary (since 2023) Assistant Counsel and Assistant Secretary (2018-2023) | Counsel, PGI (since 2018)
Counsel, PLIC (since 2018)
|
Deanna Y. Pellack
711 High Street
Des Moines, IA 50392
1987 | Counsel and Assistant Secretary (since 2023) Assistant Counsel and Assistant Secretary (2022-2023) | Counsel, PLIC (since 2022)
Vice President, The Northern Trust Company (2019-2022)
Second Vice President, The Northern Trust Company (2014-2019)
|
Adam U. Shaikh
711 High Street
Des Moines, IA 50392
1972 | Assistant General Counsel (since 2023) Assistant Secretary (since 2022)
Assistant Counsel (2006-2023) | Assistant General Counsel, PGI (since 2018)
Counsel, PLIC (since 2006)
|
John L. Sullivan
711 High Street
Des Moines, IA 50392
1970 | Counsel and Assistant Secretary (since 2023) Assistant Counsel and Assistant Secretary (2019-2023) | Counsel, PGI (since 2020)
Counsel, PLIC (since 2019)
Prior thereto, Attorney in Private Practice |
