Brookfield Global Listed Infrastructure
FundClass C | BGLCX
Semi-Annual Shareholder Report | June 30, 2024

This semi-annual shareholder report contains important information about the Brookfield Global Listed Infrastructure Fundfor the period of January 1, 2024 to June 30, 2024. You can find additional information about the Fund athttps://www.brookfieldoaktree.com/fund/brookfield-global-listed-infrastructure-fund. You can also request this informationby contacting us at 855-244-4859.
WHAT WERE THE FUND COSTS FOR THE LAST SIX MONTHS? (based on a hypothetical $10,000 investment)
Class NameCosts of a $10,000 investment

Costs paid as a percentage of a $10,000 investment$992.00%

Class CHOW DID THE FUND PERFORM AND WHAT AFFECTED ITS PERFORMANCE?
For the 6-month period ended June 30, 2024, the Fund underperformed its benchmark, the FTSE Global Core
Infrastructure 50/50 Index (USD).
WHAT FACTORS INFLUENCED PERFORMANCE
Overweight positions in select U.S. midstream operators focused on natural gas and natural gas liquids contributed, as thesector continued to outperform. Within the gas utilities sector, positive security selection across the U.S. and Asia
contributed during the period.
Select ports in emerging markets rallied meaningfully during the period. Zero exposure detracted from relative
performance. Underperforming positions in U.S. and European communication tower operators detracted from returns
during the period.
POSITIONING
Within the utilities sector, we’re focused on companies that we believe operate the best assets located in the best
jurisdictions. Our portfolio positioning is focused on pro-growth environments, favorable regulatory backdrops andmanagement teams that have a strong history of deploying capital to its highest and best use. Within transports, we arefocused on markets where toll road traffic is supported by population and economic growth. Tower companies aregrappling with a variety of headwinds, but we think discounted valuations among select companies reflect theseheadwinds, and we’re optimistic that increasing mobile traffic, moderating interest rates and limited new supply of towers
can help close the valuation gap. Lastly, within energy midstream, we think the sector continues to offer an attractive
investment proposition. Supply and demand tailwinds for U.S. hydrocarbons remain quite strong, and balance sheets
appear well positioned to meet dividend obligations.
Top Contributors!Midstream!Gas Utilities!Toll Roads
Top Detractors"Ports"Towers"Airports

Brookfield Global Listed Infrastructure Fund

PAGE 1

TSR_SAR_112740600

HOW DID THE FUND PERFORM OVER THE PAST 10 YEARS?*
The $10,000 chart reflects a hypothetical $10,000 investment in the class of shares noted and assumes the maximum
sales charge. The chart uses total return NAV performance and assumes reinvestment of dividends and capital gains.
Fund expenses, including 12b-1 fees, management fees and other expenses were deducted.
CUMULATIVE PERFORMANCE (Initial Investment of $10,000)

ANNUAL AVERAGE TOTAL RETURN (%)
1 Year

5 Year10 YearClass C (without sales charge)

0.09

1.72

0.72

Class C (with sales charge)

-0.89

1.72

0.72

The MSCI World Index Gross (USD)

20.75

12.32

9.73

FTSE Global Core Infrastructure 50/50 Index

5.29

3.88

5.62

Dow Jones Brookfield Global Infrastructure Composite
Index

3.77

3.01

3.16

Visit https://www.brookfieldoaktree.com/fund/brookfield-global-listed-infrastructure-fund for more recent performance
information.
* The Fund’s past performance is not a good predictor of how the Fund will perform in the future. The graph and table do not reflect

the deduction of taxes that a shareholder would pay on Fund distributions or redemption of Fund shares.

KEY FUND STATISTICS (as of June 30, 2024)
Total Net Assets$295,694,446

Number of Portfolio Holdings

41

Portfolio Turnover

33%

Total Advisory Fees Paid

$950,547

Visit https://www.brookfieldoaktree.com/fund/brookfield-global-listed-infrastructure-fund for more recent performanceinformation.

Brookfield Global Listed Infrastructure Fund

PAGE 2

TSR_SAR_112740600

WHAT DID THE FUND INVEST IN? (as of June 30, 2024)(%)1 Geographic Breakdown (%)1

Top 10 Holdings
NextEra Energy, Inc.
Transurban GroupDuke Energy Corp.
SempraCrown Castle, Inc.
Cheniere Energy, Inc.
National Grid PLC
Public Service EnterpriseGroup, Inc.
Entergy Corp.
PG&E Corp.

Sector Breakdown2

8.1%
4.9%
4.9%
4.3%
3.7%
3.3%
3.1%
3.0%
2.9%
2.9%

1 Represents percent of total investments.
2 Represents percent of total net assets.

WHERE CAN I FIND ADDITIONAL INFORMATION ABOUT THE FUND?
For additional information about the Fund; including its prospectus, financial information, holdings and proxyinformation, scan the QR code or visit https://brookfield.onlineprospectus.net/Brookfield/funds
HOUSEHOLDING
To reduce Fund expenses, only one copy of most shareholder documents may be mailed to shareholders with multiple
accounts at the same address (Householding). If you would prefer that your Brookfield Public Securities Group LLC
documents not be householded, please contact Brookfield Public Securities Group LLC at 855-244-4859, or contact yourfinancial intermediary. Your instructions will typically be effective within 30 days of receipt by Brookfield Public Securities
Group LLC or your financial intermediary.

Brookfield Global Listed Infrastructure Fund

PAGE 3

TSR_SAR_112740600