Growth of $10K Avg Annual Total Return %   10 YR 5 YR 1 YR YTD Market Return -- 5.92% 42.93% 34.63% Lipper Pct. Rank -- 82 73 28 NAV Return -- 5.71% 29.96% 19.21% Lipper Pct. Rank -- 80 27 17 Premium/Discount History Premium/Discount 10 YR Avg 5 YR Avg YTD Avg -- -12.551% -17.220%

NAV $17.47 Market Price $15.93 Net Change -$0.04 Market Change -$0.12 Premium/Discount -8.82% 1 YR NAV Return 29.965% 1 YR NAV Rank 27 12-Mo Yield as of 4/30/2021 Yield Def Income Only Yield 5.59% Distribution Yield (Market) 7.12% Most Recent Income Dividend $0.083 Ex-Div Date 5/13/2021 Most Recent Cap Gain Dividend $0.016 Ex-Div Date 10/16/2018 Dividend Frequency Monthly YTD Dividends $0.320 YTD Capital Gains -- Inception Date 6/25/2013 Fund Advisor ALPS Advisors Inc Manager & Tenure Peterson since 2013 Rush since 2013 Phone -- Website www.principalcef.com Total Net Assets (mil) as of 5/31/2021 $115.9 % Leveraged Assets as of 10/31/2020 28.73% Portfolio Turnover 38.00% Mgmt Fees 1.711% Expense Ratio 2.920% Fund Objective The Fund seeks seek to provide high current income, with capital appreciation as a secondary objective, by investing in commercial real estate-related securities. The Fund will invest at least 80% of its total assets in commercial real estate-related securities, and other U.S. and non-U.S. real estate-related securities.

Top Holdings (as of 2/28/2021) Prologis Inc ORD 1.96% Independence Realty Trust Inc ORD 1.80% WPT Industrial Real Estate Investment Trust 1.68% Invitation Homes Inc ORD 1.67% Industrial Logistics Properties Trust ORD 1.51% MGM Growth Properties LLC ORD 1.40% Welltower Inc ORD 1.27% VICI Properties Inc ORD 1.26% Sun Communities Inc ORD 1.15% New World Development Co Ltd ORD 1.04%

Top Sectors (as of 2/28/2021) Financials 40.57% Non Classified Equity 1.34% Consumer Services 0.20%

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