Class I

Brookfield Global Renewables & Sustainable Infrastructure Fund

Overview

Seeks total return through growth of capital and current income. Invests primarily in publicly traded global renewables and sustainable infrastructure (“GRSI”) companies listed on a domestic or foreign exchange, throughout the world, including the United States.

Managed by Brookfield Public Securities Group

High-conviction exposure to companies that are driving positive environmental and financial outcomes

Targets three themes at the center of a cleaner tomorrow: renewable power and infrastructure, clean technology, water & waste infrastructure

Performance

As of 11.30.24

Class / Benchmark	1 Month	3 Months	YTD	1 Year	3 Years	5 Years	10 Years	Inception
Class I	2.11%	0.36%	7.38%	13.59%	-2.38%	7.36%	-	7.60%
Class I	4.71%	13.76%	12.04%	28.63%	0.45%	-	-	8.78%
MSCI World Net Index (USD)	4.59%	4.39%	21.85%	27.83%	8.78%	12.40%	-	13.12%
MSCI World Net Index (USD)	1.83%	6.36%	18.86%	32.43%	9.07%	13.03%	-	13.03%

Performance data quoted represent past performance; past performance does not guarantee future results. The investment return and principal value of an investment will fluctuate, so an investor’s shares, when redeemed, may be worth more or less than their original cost. Current performance of the Fund may be lower or higher than the performance quoted. Returns representing more than one year are annualized.

Performance includes the reinvestment of income, dividends and capital gain distributions. Performance data excluding sales charges do not take into account any initial sales charges that may apply when shares are purchased or redemption charges when shares are sold; if these sales charges were reflected, the quoted performance would be lower.

On February 4, 2022, the Fund acquired all the assets, subject to liabilities, of Brookfield Global Renewables & Sustainable Infrastructure LP (the “Predecessor Fund”) through a tax-free reorganization (the “Reorganization”). In connection with the Reorganization, shares of the Predecessor Fund were exchanged for Class I Shares of the Fund. As a result of the Reorganization, the Fund’s Class I Shares adopted the Predecessor Fund’s performance and accounting history. The Predecessor Fund's past performance (before and after taxes) is not an indication of how the Fund will perform in the future.

Disclosures +

Fees & Expenses

Expenses (With Waiver)	Expenses (Without Waiver)	Waiver Expiry	Class A Maximum Sales Charge
1.00%	2.32%	04.30.2025	4.75%

Fees & Expenses are as reflected in the Fund's current prospectus and assume a full year of Fund operations. The advisor has contractually agreed to waive fees and/or reimburse Fund expenses. There is no guarantee that such waiver/reimbursement will be continued.

Portfolio

As of 09/30/2024

Characteristics

$61.5

Net Assets (USD $MM)

Number of Holdings

3.06%

Portfolio Yield

$438.23

Weighted Avg Market Capitalization (USD $MM)

Top Holdings Concentration

Enel SpA 5.8%

Iberdrola SA 5.5%

Public Service Enterprise Group Inc 4.8%

CMS Energy Corp 4.8%

E.ON SE 4.8%

NextEra Energy Inc 4.6%

American Water Works Co Inc 4.0%

Boralex Inc 3.9%

Carrier Global Corp 3.8%

Waste Connections Inc 3.7%

Full Holdings

Asset Allocation

- Electricity Infrastructure
  
  63.1%
- Sustainable Solutions
  
  17.6%
- Circular Economy
  
  15.2%
- Data Infrastructure
  
  2.3%
- Cash
  
  1.8%

Geographic Allocation

U.S.

46.8%

Continental Europe

29.0%

U.K.

9.2%

Canada

5.9%

Latin America

4.7%

Asia Pacific

2.7%

Cash & Other

1.8%

The top holdings will vary over time. There is no guarantee that the Fund currently holds any of the securities listed. The information above is based on the total assets of the Fund. The holdings listed should not be considered recommendations to purchase or sell a particular security.

Sector and country allocations and asset classes determined by the Adviser are expressed as a percentage of total investments (by market value) and will vary over time.

Cash and Other includes available cash and other receivables and payables of the Fund.

Distributions

As of 09.30.2024

1.42%

Current Distribution Rate

1.55%

30 Day SEC Yield (Subsidized)

1.19%

30 Day SEC Yield (Unsubsidized)

Quarterly

Distribution Frequency

Distribution History

Payable Date	Record Date	Ex Date	Amount per Share	Qualified Income Per Share	Return of Capital per Share	Short-Term Capital Gain per Share	Long-Term Capital Gain per Share
9/19/2024	9/18/2024	9/19/2024	$0.0358	$0.0358	-	-	-
6/21/2024	6/20/2024	6/21/2024	$0.0668	$0.0668	-	-	-
3/21/2024	3/20/2024	3/21/2024	$0.0247	$0.0247	-	-	-
12/14/2023	12/13/2023	12/14/2023	$0.0102	$0.0102	-	-	-
9/21/2023	9/20/2023	9/21/2023	$0.0572	$0.0572	-	-	-
6/22/2023	6/21/2023	6/22/2023	$0.0555	$0.0555	-	-	-
3/16/2023	3/15/2023	3/16/2023	$0.0201	$0.0201	-	-	-
12/29/2022	12/28/2022	12/29/2022	$0.0064	$0.0064	-	-	-
9/15/2022	9/14/2022	9/15/2022	$0.0664	$0.0664	-	-	-
6/16/2022	6/15/2022	6/16/2022	$0.0422	$0.0422	-	-	-
3/17/2022	3/16/2022	3/17/2022	$0.0076	$0.0076	-	-	-

The 30-Day SEC Yield does not include income that is determined to be from return of capital. The 30-Day Yield represents net investment income earned by the Fund over the 30-day period as of the most recent quarter-end, expressed as an annual percentage rate based on the Fund's share price at the end of the 30-day period. The 30-Day Unsubsidized SEC Yield does not reflect any fee waivers, reimbursements, limits in effect.

The distribution rate referenced above is calculated as the annualized amount of the most recent quarterly distribution declared, including distributions from long-term capital gains and excluding special distributions, divided by Net Asset Value per share as of the most recent quarter-end. This calculation does not include any non-income items such as loan proceeds or borrowings. The Fund estimates that it has distributed net investment income and net realized capital gains. The ﬁnal tax character of the distributions will be reported on IRS Form 1099-DIV.

Portfolio Management

Iñigo Mijangos

Managing Director, Portfolio Manager

Joseph Idaszak

Director, Portfolio Manager

Literature

Fund Materials

Regulatory Documents

Related Information

Fund Risks

Investing in the Fund involves risk, including possible loss of principal invested. There can be no assurance that the Fund will achieve its investment objective.

Infrastructure companies may be subject to a variety of factors that may adversely affect their business, including high interest costs, high leverage, regulation costs, economic slowdown, surplus capacity, increased competition, lack of fuel availability, and energy conservation policies.

Since the Fund will invest more than 25% of its total assets in securities in the infrastructure industry, the Fund may be subject to greater volatility than a fund that is more broadly diversified.

The Fund's use of derivatives may reduce the Fund's returns, increase volatility, and/or give rise to a form of economic leverage that would magnify any increases or decreases in the value of the Fund's portfolio. Investing in master limited partnerships (MLPs) involves certain risks related to investing in the underlying assets of the MLPs and risks associated with pooled investment vehicles.

The Fund invests in small- and mid-cap companies, which involve additional risks such as limited liquidity and greater volatility.

The Fund invests in foreign securities, which involve greater volatility and political, economic and currency risks, and differences in accounting methods. These risks are magnified in emerging markets.

Some securities held may be difficult to sell, particularly during times of market turmoil. If the Fund is forced to sell an illiquid asset to meet redemption, the Fund may be forced to sell at a loss.

Investments in debt securities typically decrease in value when interest rates rise. This risk is usually greater for longer-term debt securities. Debt securities rated below investment grade are commonly referred to as "junk bonds," and they are generally more volatile and less liquid, and they are considered speculative.