Brookfield Real Assets Securities Fund

Investment Objectives

The Fund’s investment objective is to seek total return, which is targeted to be in excess of inflation, through growth of capital and current income. There can be no assurance that the Fund will achieve its investment objective.


Craig Noble, CFA

CEO, Chief Investment Officer and Portfolio Manager

Craig Noble has 20 years of industry experience and is Chief Executive Officer and Chief Investment Officer for the Public Securities Group as well as Portfolio Manager on the global infrastructure team and a Senior Managing Partner of Brookfield Asset Management. Over the last 12 years, he has held multiple positions within Brookfield, including significant roles within capital markets and direct infrastructure investment. He transitioned to the Public Securities Group in 2008 to help launch the firm’s listed infrastructure business and became the CEO in 2013. Prior to Brookfield, he spent five years with the Bank of Montreal, focused on credit analysis, corporate lending and corporate finance. Craig holds the Chartered Financial Analyst® designation. He earned a Master of Business Administration degree from York University and a Bachelor of Commerce degree from Mount Allison University.

Larry Antonatos

Managing Director, Portfolio Manager

Larry Antonatos has 27 years of experience and is a Portfolio Manager for the Public Securities Group’s Diversified Real Assets strategy. He oversees the portfolio construction process, including execution of the asset allocation process. Before joining the Diversified Real Assets team, Larry was a Product Manager for the firm’s equity business where he was responsible for the development and growth of new and existing investment strategies. Prior to joining the firm in 2011, Larry was a portfolio manager for a U.S. REIT strategy for ten years. He also has investment experience with direct property, CMBS, and mortgage loans. Larry earned a Master of Business Administration degree from The Wharton School, University of Pennsylvania and a Bachelor of Engineering degree from Vanderbilt University.

Fund Type

U.S. Mutual Fund

Ticker Symbols


Inception Date

November 19, 2014

Fund Basics

As of 9.30.18
Distribution Frequency: Quarterly
Total Net Assets (in millions)1: $81.07
Net Asset Value (NAV) per share: $9.04
Number of Holdings: 165

1 Based on total net assets of all share classes in the Fund.

Assets by Sector

As of 9.30.18.
Source: Brookfield Investment Management.
Sector and country allocations are expressed as a percentage of total investments (by market value) and will vary over time.

Assets by Geography

As of 9.30.2018.
Source: Brookfield Investment Management.
Sector and country allocations are expressed as a percentage of total investments (by market value) and will vary over time.

Average Annual Total Returns

Fund NameInception Date1-Month3-MonthsYTD1-Year3-YearsSince Inception
Class A (Excluding Sales Charge)11/19/2014-1.44%-0.36%-1.26%-0.23%5.61%0.67%
Class A (Including Sales Charge)11/19/2014-6.11%-5.14%-5.97%-4.99%3.90%-0.59%
Class C (Excluding Sales Charge)11/19/2014-1.46%-0.38%-1.48%-0.59%5.04%0.09%
Class C (Including Sales Charge)11/19/2014-2.43%-1.37%-2.45%-1.56%5.04%0.09%
Class Y11/19/2014-1.53%-0.34%-1.15%-0.04%5.66%0.76%
Class I11/19/2014-1.43%-0.34%-1.15%-0.04%5.67%0.74%
RAS Custom Benchmark-1.31%-0.12 %-0.29%1.43%7.04%25 2
MSCI World Total Return Index (USD)0.60%5.10 %5.89%11.84%14.17%95 3
S&P Real Assets Total Return Index (USD)-0.45%-0.04%-0.49%2.41%N/A4N/A 4

2 The RAS Custom Benchmark references Class A’s inception date.
3 The MSCI World Total Return Index (USD) references Class A’s inception date.
4 Data for the S&P Real Assets Total Return Index (USD) is unavailable prior to its inception date of December 31, 2015.

Performance data quoted represents past performance; past performance does not guarantee future results. The investment return and principal value of an investment will fluctuate so that 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. Performance data current to the most recent month end may be obtained by calling 855.244.4859. Investment performance reflects fee waivers, expenses and reimbursements in effect. In the absence of such waivers, total return and NAV would be reduced. RAS Custom Benchmark refers to the Blended Index, as referenced in the Fund’s prospectus. For the period from October 1, 2016 forward, the Blended Index consists of 35% FTSE EPRA/NAREIT Developed Index, 5% BofA Merrill Lynch Preferred Stock REITs 7% Constrained Index, 40% Dow Jones Brookfield Global Infrastructure Total Return Index, 5% Alerian MLP Index, and 15% the BofA Merrill Lynch Global High Yield Index and the BofA Merrill Lynch Global Corporate Index, weighted 70% and 30%, respectively. For the period from November 19, 2014 through September 30, 2016, the Blended Index consists of 33.33% DJ Brookfield Global Infrastructure Composite Index, 33.33% FTSE EPRA/NAREIT Developed Index, 13.33% the BofA Merrill Lynch Global High Yield Index and the BofA Merrill Lynch Global Corporate Index, weighted 70% and 30%, respectively, 10% S&P Global Natural Resources Index, 6.66% Bloomberg Commodity Index and 3.33% Barclays Global Inflation-Linked Index. The MSCI World Index is a free float-adjusted market capitalization weighted index that is designed to measure the equity performance of developed markets. The S&P Real Assets Index is calculated and maintained by S&P Dow Jones Indexes and designed to measure global property, infrastructure, commodities, and inflation-linked bonds using liquid and investable component indices that track public equities, fixed income, and futures.

Expense ratios
Class A: 1.82% (gross)4 / 1.35% (net)5
Class C: 2.57% (gross)4 / 2.10% (net)5
Class Y: 1.57% (gross)4 / 1.10% (net)5
Class I: 1.57% (gross)4 / 1.10% (net)5

4 As reflected in the Fund’s current prospectus and assuming a full year of fund operations. 5 The advisor has contractually agreed to waive fees and/or reimburse fund expenses through May 1, 2019. There is no guarantee that such waiver/reimbursement will be continued after that date. The net expense ratio represents what investors have paid as of the prospectus dated April 30, 2018.

Disclosure Information

Prospectus (A, C, Y and I Share Classes)


Mutual fund investing involves risk. Principal loss is possible. Brookfield Real Assets Securities Fund (the “Fund’) is managed by Brookfield Public Securities LLC. The Fund will be closely linked to the real assets market. Real assets includes real estate securities, infrastructure securities and natural resources securities. Property values may fall due to increasing vacancies or declining rents resulting from unanticipated economic, legal, cultural or technological developments. REITs are dependent upon management skills and generally may not be diversified. REITs are subject to heavy cash flow dependency, defaults by borrowers and self-liquidation. 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 conversation policies. 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. Investing in emerging markets may entail special risks relating to potential economic, political or social instability and the risks of nationalization, confiscation or the imposition of restrictions on foreign investment. Investing in MLPs involves additional risks as compared to the risks of investing in common stock, including risks related to cash flow, dilution and voting rights. The Fund’s investments are concentrated in the energy infrastructure industry with an emphasis on securities issued by MLPs, which may increase volatility. Energy infrastructure companies are subject to risks specific to the industry such as fluctuations in commodity prices, reduced volumes of natural gas or other energy commodities, environmental hazards, changes in the macroeconomic or the regulatory environment or extreme weather. MLPs may trade less frequently than larger companies due to their smaller capitalizations which may result in erratic price movement or difficulty in buying or selling. Additional management fees and other expenses are associated with investing in MLPs. Additionally, investing in MLPs involves material income tax risks and certain other risks. Actual results, performance or events may be affected by, without limitation, (1) general economic conditions, (2) performance of financial markets, (3) interest rate levels, (4) changes in laws and regulations and (5) changes in the policies of governments and/or regulatory authorities. Investing in MLPs may generate unrelated business taxable income (UBTI) for tax-exempt investors both during the holding period and at time of sale. This material is provided for general and educational purposes only, and is not intended to provide legal, tax or investment advice or to avoid legal penalties that may be imposed under U.S. federal tax laws. Investors should contact their own legal or tax advisors to learn more about the rules that may affect individual situations. Natural Resources Securities may be affected by numerous factors, including events occurring in nature, inflationary pressures and international politics. Because the Fund invests significantly in Natural Resources Securities, there is the risk that the Fund will perform poorly during a downturn in the natural resource sector. For example, events occurring in nature (such as earthquakes or fires in prime natural resource areas) and political events (such as coups, military confrontations or acts of terrorism) can affect the overall supply of a natural resource and the value of companies involved in such natural resource. Political risks and the other risks to which foreign securities are subject may also affect domestic natural resource companies if they have significant operations or investments in foreign countries. Rising interest rates and general economic conditions may also affect the demand for natural resources. Debt securities rated below investment grade are commonly referred to as “junk bonds” and are considered speculative. Increases in interest rates can cause the prices of Fixed Income securities to decline, and the level of current income from a portfolio of Fixed Income securities may decline in certain interest rate environments. Investment by the Fund in lower-rated and non-rated securities presents a greater risk of loss to principal and interest than higher-rated securities. 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. Using derivatives exposes the Fund to additional risks, may increase the volatility of the Fund’s net asset value and may not provide the result intended. Since the Fund will invest more than 80% of its total assets in securities in Real Assets securities, the Fund may be subject to greater volatility than a fund that is more broadly diversified. Past performance is no guarantee of future results.

The Alerian MLP Index is a composite of the 50 most prominent energy master limited partnerships (“MLPs”) calculated by Standard & Poor’s using a float-adjusted market-capitalization methodology. The index is disseminated by the New York Stock Exchange real-time on a price return basis (NYSE: AMZ) and on a total-return basis (NYSE: AMZX). The Barclays Global Inflation-Linked Index includes securities which offer the potential for protection against inflation as their cash flows are linked to an underlying inflation index. All securities included in the index have to be issued by an investment-grade rated sovereign in its local currency. The Bloomberg Commodity Index (BCOM) is a broadly diversified commodity price index that tracks prices of futures contracts on physical commodities in the commodity markets. The BofA Merrill Lynch Real Asset Corporate & High Yield Custom Index is divided 70%/30% between The BofA Merrill Lynch Global High Yield Index and The BofA Merrill Lynch Global Corporate Index and only includes real assets sectors. The BofA Merrill Lynch Global Corporate Index is an unmanaged, commonly accepted measure of the performance of global investment grade corporate securities. Index returns are calculated monthly, assume reinvestment of dividends. The BofA Merrill Lynch Global High Yield Index tracks the performance of below investment-grade but not in default U.S. dollar denominated corporate bonds publicly issued in the U.S. domestic market, and includes issues with a credit rating of BBB or below as rated by Moody’s and S&P. The BofA Merrill Lynch Preferred Stock REITs 7% Constrained Index contains all securities in The BofA Merrill Lynch US Fixed Rate Preferred Securities Index that are REITs, but caps issuer exposure at 7%. The Dow Jones Brookfield Global Infrastructure Composite Index is calculated and maintained by S&P Dow Jones Indices and comprises infrastructure companies with at least 70% of its annual cash flows derived from owning and operating infrastructure assets, including Master Limited Partnerships (MLPs). The Dow Jones Brookfield Global Infrastructure Total Return Index is calculated and maintained by S&P Dow Jones Indices and comprises infrastructure companies with at least 70% of its annual cash flows derived from owning and operating infrastructure assets. The Dow Jones Brookfield Index is not affiliated with Brookfield and as such, Brookfield does not select securities for inclusion in the index. The FTSE EPRA/NAREIT Developed Index is calculated by the FTSE Group. Performance is calculated by price, total return and net total return and the Index is calculated daily. Constituents must meet minimum market capitalization, liquidity requirements, and real estate activity requirements in order to be included within the Index. North American and Asian companies must be of a minimum of US$200 million in market capitalization with liquidity of US$100 million. European companies are bound by €50 million (approximately $60 million) market cap minimum and liquidity of €25 million (approximately $30 million). The S&P Global Natural Resources Energy Index includes 90 of the largest publicly traded companies in natural resources and commodities businesses that meet specific investability requirements, offering investors diversified and investable equity exposure across three primary commodity-related sectors: agribusiness, energy and metals & mining.

These indices do not reflect any fees, expenses or sales charges. It is not possible to invest directly in an index. Index performance is shown for illustrative purposes only and does not predict or depict the performance of the Fund.

Mutual fund investing involves risk. Principal loss is possible.

Quasar Distributors, LLC is the distributor of Brookfield Investment Funds and Brookfield Public Securities LLC is the Investment Advisor.

I acknowledge and agree that I am accessing this site from the United States, and I am a financial services professional.

I have read the site's Terms of Service & Privacy Policy, and I understand and accept that this site may be tracking my activity.