Address And Details

Brookfield Place, 250 Vesey Street , New York, NY 10281
Fund Manager Leonardo Anguiano
Manager Tenure 5 Years

Strategy And Objective

The Brookfield Global Listed Infrastructure Fund (the Fund or the Infrastructure Fund ) seeks total return through growth of capital and current income. The Fund seeks to achieve its investment objective by investing primarily in securities of publicly traded infrastructure companies. Under normal market conditions, the Fund will attempt to achieve its investment objective by investing, as a principal strategy, at least 80% of its net assets (plus the amount of any borrowing for investment purposes) in publicly traded equity securities of infrastructure companies listed on a domestic or foreign exchange, throughout the world, including the United States (the 80% Policy ), and, as part of the 80% Policy, at least 40% of the Fund s net assets (plus the amount of any borrowing for investment purposes) will be invested in publicly traded securities of infrastructure companies whose primary operations or principal trading market is in a foreign market, and that are not subject to the requirements of the U.S. securities laws, markets and accounting requirements ( Foreign Securities ). The Fund considers an issuer s primary operations to be in a foreign market if the issuer (i) is organized under the laws of that country, or (ii) derives at least 50% of its revenues or profits from goods produced or sold, investments made, services performed, or has at least 50% of its assets located within that country. Under normal market conditions, the Fund will maintain exposure to securities of infrastructure companies in the United States and in at least three countries outside the United States. The Fund may also invest, as a principal strategy, up to 25% of its net assets (plus the amount of any borrowing for investment purposes) in energy-infrastructure companies organized as master limited partnerships ( MLPs ). The Fund may invest up to 20% of its net assets (plus the amount of any borrowing for investment purposes) in fixed income securities, including below-investment grade rated securities ( junk bonds ), as described in this Prospectus. The Fund may change the 80% Policy without shareholder approval. The Fund will provide shareholders with written notice at least 60 days prior to the implementation of any such changes. The Fund defines an infrastructure company as any company that derives at least 50% of its revenue or profits from the ownership or operation of infrastructure assets. The Fund defines infrastructure assets as the physical structures, networks and systems of transportation, energy, water and sewage, and communication. Infrastructure assets currently include: toll roads, bridges and tunnels; airports; seaports; electricity generation and transmission and distribution lines; gathering, treating, processing, fractionation, transportation and storage of hydrocarbon products; water and sewage treatment and distribution pipelines; communication towers and satellites; and railroads. The Fund may use futures and options on securities, indices and currencies, forward foreign currency exchange contracts, swaps and other derivatives. A derivative is a security or instrument whose value is determined by reference to the value or the change in value of one or more securities, currencies, indices or other financial instruments. The Fund may use derivatives for a variety of purposes, including: as a hedge against adverse changes in the market prices of securities, interest rate or currency exchange rates; as a substitute for purchasing or selling securities; to increase the Fund s return as a non-hedging strategy that may be considered speculative; and to manage the Fund s portfolio characteristics. The Fund may invest up to 20% of its net assets (plus the amount of any borrowing for investment purposes) in fixed income securities, including obligations of the U.S. Government, floating rate loans and money-market instruments. As part of the 20% of the Fund s net assets (plus the amount of any borrowing for investment purposes) that may be invested in fixed income securities, up to 10% of the Fund s net assets (plus the amount of any borrowing for investment purposes) may be invested in below investment grade ( junk ) fixed income securities, of which 5% may be invested in fixed income securities rated CCC or lower by Standard & Poor s Rating Services ( S&P ) or Caa or lower by Moody s Investors Service, Inc. ( Moody s ) or non-rated securities of comparable quality. The Fund, however, may not invest in securities in default. The Fund may invest up to 25% of its net assets (plus the amount of any borrowing for investment purposes) in publicly traded securities of infrastructure companies, whose primary operations or principal trading market is in an emerging market. In addition, the Fund may invest up to 15% of its net assets (plus the amount of any borrowing for investment purposes) in securities deemed illiquid and may make short sales of securities in an amount not to exceed 10% of the Fund s net assets (plus the amount of any borrowing for investment purposes). Securities in which the Fund may invest include, but are not limited to, common, convertible and preferred stock, stapled securities (as defined herein), income trusts, limited partnerships, and limited partnership interests in the general partners of MLPs, issued by infrastructure companies. Other Fund investments may include warrants, depositary receipts, exchange-traded notes, and investment companies, including exchange-traded funds. The Fund retains the ability to invest in infrastructure companies of any market size capitalization. The Adviser utilizes a fundamental, bottom-up, value-based selection methodology, taking into account short-term considerations, such as temporary market mispricing, and long-term considerations, such as values of assets and cash flows. The Adviser also draws upon the expertise and knowledge within Brookfield Asset Management Inc. and its affiliates, which provides extensive owner/operator insights into industry drivers and trends. The Adviser takes a balanced approach to investing, seeking to mitigate risk through diversification, credit analysis, economic analysis and review of sector and industry trends. The Adviser uses proprietary research to select individual securities that it believes can add value from income and/or the potential for capital appreciation. The proprietary research may include an assessment of a company s general financial condition, its competitive positioning and management strength, as well as industry characteristics and other factors. The Fund may sell a security that becomes overvalued or no longer offers an attractive risk/reward profile. A security may also be sold due to changes in portfolio strategy or cash flow needs. No assurance can be given that the Fund s investment objective will be achieved. The Fund s policy of concentration in companies in the infrastructure industry is a fundamental policy of the Fund. This fundamental policy may not be changed without the approval of the holders of a majority of the Fund s outstanding voting securities, as defined in the 1940 Act.

Net Asset Value

as of 4:54 PM ET 09/17/2021

Performance

  • 1 Week
  • -0.89%
  • 1 Month
  • -1.54%
  • 3 Months
  • -1.03%
  • 1 Yr Return
  • +13.14%
  • 5 Yr Return
  • +7.10%

Equity Sector Breakdown

Utilities 44.37%
IndustrialCyclical 23.42%
NonDurables 7.01%
Services 4.52%
Technology 4.07%
ConsumerDurables n/a
Energy n/a
Finance n/a
Health n/a
RetailTrade n/a

Asset Allocation

Asset Type % Of Allocation
Stocks 96.78%
ForeignStocks 41.84%
Cash 0.00%
Bonds 0.00%
Preferred 0.00%
Convertible 0.00%
Other 0.00%
ForeignBonds 0.00%
ForeignHedged 0.00%
Total Net Assets 6.12 M

Risk Measures

Criteria 3 Years 5 Years 10 Years
Alpha -5.97 -6.64 n/a
Beta 0.72 0.70 n/a
R Squared 0.70 0.62 n/a
Std Deviation 15.82 13.29 n/a
Sharpe Ratio 0.41 0.37 n/a

Purchase Information

as of 4:57 PM ET 09/16/2021
Minimum Initial $1000
Minimum Additional $100
Minimum Initial IRA $0

Performance

Timeframe Average Annual Current Performance Monthly As Of 08/31/2021 Average Annual Current Performance Quarterly As Of 06/30/2021 Avg Annual Current Performance Monthly As Of 08/31/2021 Avg Annual Current Performance Quarterly As Of 06/30/2021
1 Year
  • +18.10%
  • +18.63%
+18.10% +18.63%
3 Year
  • +6.58%
  • +5.89%
+6.58% +5.89%
10 Year
  • n/a
  • n/a
n/a n/a
Life Of Fund
  • +6.79%
  • +6.50%
+6.79% +6.50%

Top 10 Holdings

Symbol Company Name % Of Assets
NEE NEXTERA ENERGY INC 6.08%
CCI CROWN CASTLE INTL CORP 5.39%
ENB ENBRIDGE INC 4.92%
SYD:AU SYDNEY AIRPORT 4.24%
NG.L NATIONAL GRID PLC 3.94%
SRE SEMPRA ENERGY 3.42%
PCG PG&E CORPORATION 3.22%
FE FIRSTENERGY CORP 3.06%
TCL:AU TRANSURBAN GROUP 2.98%
CSX CSX CORP 2.96%

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