Brookfield Global Renewables & Sustainable Infrastructure
UCITS Fund ESG Investment Guidelines
Below is a summary of environmental standards that are considered by the Brookfield Public
Securities Group LLC when making investments for funds and accounts, such as the Brookfield
Global Renewables & Sustainable Infrastructure UCITS Fund (the “Fund”), managed in theBrookfield Global Renewables & Sustainable Strategy.
Please review the Fund’s prospectus for additional information regarding the Fund’s investment
objective, strategies (including asset level revenue and other applicable considerations), andrisks. Please click on this link to access a copy of the Fund’s prospectus.
Environmental Standards for Investment
Companies with power generation assets must meet the following criteria:

Absolute production of or capacity for coal-based or nuclear-based energy related
products/services shall not be structurally increasing
Absolute production of or capacity for contributing products/services shall be increasing
Additionally, companies shall meet at least one of the following criteria:o Have a Science Based Target Initiative (“SBTi”) target set at well-below 2°C or 1.5°C, orhave a SBTi ‘Business Ambition for 1.5°C’ commitmentio Derive more than 50% of its revenues from contributing activitiesii
o Have more than 50% of CapEx dedicated to contributing activities
o Carbon Emissions Intensity (Scope 1 & 2 grams / kilowatt hour (“kWh”)): <374 in 2022
trending to <315 in 2025 (post 2025, the company should meet one of the previouscriteria)

Additional key sustainability targets: Coal power: <10% of revenues, cash flow, and / or regulated asset base in base investment year Natural Gas power: <30% of revenues, cash flow, and / or regulated asset base in baseinvestment year
 Nuclear power: <30% of revenues, cash flow, and / or regulated asset base in base investmentyear
 GHG reduction targets: >25% reduction target over a 10-year period
Conventional Oil & Gas (exploration, extraction, or refining of oil & gas): full exclusion
Conventional Gas Transportation: companies shall meet at least one of the following criteria to beconsidered for inclusion:
 Have a SBTi target set at well-below 2°C or 1.5°C, or have a SBTi ‘Business Ambition for 1.5°C’commitment
 Derive less than 5% of its revenues from oil and gas-related activities
 Have less than 15% of CapEx dedicated to oil and gas-related activities and not with the objectiveof increasing revenue
 Have more than 15% of CapEx dedicated to contributing activities
Other exclusions: Tobacco: full exclusion

Weapons (controversial or manufacturing): full exclusion
Unconventional Oil & Gas: full exclusion
Coal (exploration, mining, extraction, transportation, distribution or refining): full exclusion

A company not yet aligned with these criteria but are transitioning their business model, may meritinclusion in the Fund. The total portfolio exposure to non-compliant companies is < 5%. This margin will
decrease by 1% per year as of January 1, 2023.
Normative Based Screening
We monitor alignment of companies with the following frameworks (do no harm controversies):UN Global Compact
UN Guiding Principles on Business and Human Rights (UNGPs)
OECD Guidelines for Multinational Enterprises (as far as relevant)
ILO Conventions

We have put in place screening criteria in addition to bottom-up company research and analysis todetermine if a company has violated any of the above frameworks and will not be included in the portfolio
should any violation occur.
Alignment with UN Sustainable Development Goals
We actively map companies to the following Sustainable Development Goals (SDGs):
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6: Clean Water & Sanitation – Ensure availability and sustainable management of water andsanitation for all
7: Affordable & Clean Energy – Ensure access to affordable, reliable, sustainable, and modern
energy for all
9: Industry, Innovation & Infrastructure – Build resilient infrastructure, promote inclusive
sustainable industrialization and foster innovationo Most relevant: 9.4 – Upgrading Infrastructure for sustainability & efficiency
12: Responsible Consumption & Production – Ensure sustainable consumption and productionpatternso 12.2 – Achieve sustainable management and efficient use of natural resourceso 12A – Support developing countries to move towards sustainable patterns ofconsumption & production
o 12C – Rationalize inefficient fossil-fuel subsidies that encourage wasteful consumption
13: Climate Action – Take urgent action to combat climate change and its impacts

We expect a portfolio company to map to at least 3 of the 5 categories identified above.
Additional Policies – Key ESG Issues
We assess the impact of the following areas as a part of our ESG analysis: Biodiversity: part of ESG Integration analysis
 Water Use: part of ESG Integration analysis
 Pollution & Waste: part of ESG Integration analysis
 Gender & diversity: part of ESG Integration analysis
 Taxation: part of ESG Integration analysis
 Oppressive regimes: included in Normative Screening

Death penalty: not currently part of analysis
Forward contracts on agricultural commodities: not in scope

Principles for Responsible Investment (PRI) Signatory
Brookfield Asset Management is a signatory of the Principles for Responsible Investment, formallydemonstrating our ongoing commitment to responsible investment and ESG best practices.

Proxy Voting
We primarily engage the companies in our asset class in person, rather than through the voting process.
We do, however, vote against management recommendations when in the interest of our clients,
especially on shareholder proposals for environmental disclosures.

Disclosures©2022 Brookfield Public Securities Group LLC ("PSG", or "the Firm") is an SEC-registered investment
adviser and represents the Public Securities Group of Brookfield Asset Management Inc., providing global
listed real assets strategies including real estate equities, infrastructure equities, multi-strategy real asset
solutions and real asset debt. PSG manages separate accounts, registered funds and opportunistic
strategies for institutional and individual clients, including financial institutions, public and private pension
plans, insurance companies, endowments and foundations, sovereign wealth funds and high net worth
investors. PSG is an indirect, wholly owned subsidiary of Brookfield Asset Management Inc., a leading
global alternative asset manager. The information in this commentary is not and is not intended as
investment advice or prediction of investment performance. This information is deemed to be from reliable
sources; however, Brookfield does not warrant its completeness or accuracy. This commentary is notintended to and does not constitute an offer or solicitation to sell or a solicitation of an offer to buy any
security, product or service (nor shall any security, product or service be offered or sold) in any jurisdictionin which Brookfield is not licensed to conduct business, and/or an offer, solicitation, purchase or salewould be unavailable or unlawful. Information herein contains, includes or is based upon forward-looking
statements within the meaning of the federal securities laws, specifically Section 21E of the Securities
Exchange Act of 1934, as amended.
This is an advertising document. The state of the origin of the fund is Ireland. In Switzerland, therepresentative is ACOLIN Fund Services AG, Leutschenbachstrasse 50, CH-8050 Zurich, whilst thepaying agent is Helvetische Bank AG, Seefeldstrasse 215, CH-8008 Zurich. The prospectus, the key
information documents or the key investor information documents, the articles of association as well as
the annual and semi-annual reports may be obtained free of charge from the representative. Past
performance is no indication of current or future performance. The performance data do not take accountof the commissions and costs incurred on the issue and redemption of units. The Fund is not authorised
or recognised by the Monetary Authority of Singapore ("MAS") and shares are not allowed to be offered tothe retail public. The Fund is registered with the MAS as a Restricted Foreign Scheme. Shares of theFund may only be offered to institutional and accredited investors (as defined in the Securities andFutures Act (Cap.289)) ('SFA') and this material is limited to the investors in those categories. This
document has not been registered by the Registrar of Companies in Hong Kong. This Fund is a collective
investment scheme as defined in the Securities and Futures Ordinance of Hong Kong (the "Ordinance")
but has not been authorised by the Securities and Futures Commission pursuant to the Ordinance.
Accordingly, the Shares may only be offered or sold in Hong Kong to persons who are "professional
investors" as defined in the Ordinance and any rules made under the Ordinance or in circumstances
which are permitted under the Companies (Winding Up and Miscellaneous Provisions) Ordinance ofHong Kong and the Ordinance. In addition, this document may not be issued or possessed for thepurposes of issue, whether in Hong Kong or elsewhere, and the Shares may not be disposed of to any
person unless such person is outside Hong Kong, such person is a "professional investor" as defined in
the Ordinance and any rules made under the Ordinance or as otherwise may be permitted by theOrdinance. A fund's investment objectives, risks, changes and expenses must be considered carefully
before investing. The prospectus contains this and other important information about the investmentcompany, and it may be obtained by calling +1 (212) 549-8380 or visiting www.brookfield.com. Please
read the prospectus carefully before investing. Investing in the Fund involves risk. Principal loss ispossible. Renewable and sustainable 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 securities outside of the U.S. 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 orsocial instability and the risks of nationalization, confiscation or the imposition of restrictions on foreign
investment. 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, it may be forced to sell at a loss. The risk of owning an ETF generally reflects the risks ofowning the underlying securities the ETF holds. An ETN may be influenced by time to maturity, level ofsupply & demand for the ETN, volatility and lack of liquidity in the underlying securities' markets, changes
in the applicable interest rates, changes in the issuer's credit rating and economic, legal, political or
geographic events. 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 insecurities in the infrastructure industry, the Fund may be subject to greater volatility than a fund that ismore broadly diversified. Past performance is no guarantee of future results. An investment in the Fund
involves risk, including loss of principal. Investment return and the value of shares will fluctuate. Returns
are calculated by determining the percentage change in net asset value (NAV). The returns do not reflect
broker sales charges or commissions. NAV is total assets less total liabilities divided by the number ofshares outstanding. This material is presented only to provide information and is not intended for trading
purposes. Current performance may be lower or higher than the performance quoted. For information
about other share classes available, please consult the prospectus. Performance of Fund classes will
differ. Please see the prospectus for details. To obtain performance information current to the most recent
month-end, please call +1 (212) 549-8380. Brookfield Global Renewables and Sustainable Infrastructure
UCITS Fund is managed by PSG

i Companies have signed a commitment letter. This commitment relates to achieving a scale of value

chain emissions reductions consistent with reaching global net-zero in pathways that limit warming to1.5°C.
ii Contributing activity refers to a certain activity that makes a substantial contribution to one of the six
environmental objectives of the EU Taxonomy. 1) Climate Change Mitigation 2) Climate Change Adaption3) The sustainable use and protection of water and marine resources 4) The transition to a circular
economy 5) pollution prevention and control 6) the protection and restoration of biodiversity andecosystems.