Brookfield Global Listed Real Estate FundClass A | BLRAX
Semi-Annual Shareholder Report | June 30, 2024

This semi-annual shareholder report contains important information about the Brookfield Global Listed Real Estate Fund forthe 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-real-estate-fund. You can also request this information bycontacting 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

$58

1.20%

Class AHOW 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 EPRA Nareit Developed
Index Net (USD).
WHAT FACTORS INFLUENCED PERFORMANCE
Singapore was the leading regional contributor to relative performance. Outperformance was driven by not owningunderperforming securities across property types during the period. Within the U.S., the net lease sector was the leadingcontributor to relative performance. Overweight positions to retail-focused landlords outperformed.
Overall, the U.S. was the leading detractor from relative performance. Relative underperformance was primarily due tounderweight positions to regional malls, which outperformed early in the year. The U.K. was also a regional detractor.
Overweight positions in student housing and office landlords lagged during the period.
POSITIONING
In the U.S., we maintain a preference for needs-based real estate, which includes residential, health care and select retailassets. We have increased exposure to Europe and have a favorable view broadly, particularly among residential, retailand specialty landlords in continental Europe. In Asia Pacific, we believe Japanese property values may benefit as someprivate investors indicated they’re likely to deploy meaningful amounts of capital in the region over the next several years.
Top Contributors!U.S. Net Lease!Singapore!Australia
Top Detractors"U.S. Retail"U.K.
"JapanHOW 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.

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CUMULATIVE PERFORMANCE (Initial Investment of $10,000)

ANNUAL AVERAGE TOTAL RETURN (%)
1 Year

5 Year10 YearClass A (without sales charge)

0.83

-1.73

1.38

Class A (with sales charge)

-3.99

-2.68

0.89

MSCI THE WORLD INDEX Gross (USD)

20.75

12.32

9.73

FTSE EPRA/NAREIT Developed Net TR

4.54-0.69

2.04

Visit https://www.brookfieldoaktree.com/fund/brookfield-global-listed-real-estate-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$209,569,325

Number of Portfolio Holdings

56Portfolio Turnover73%

Total Advisory Fees Paid

$904,678

Visit https://www.brookfieldoaktree.com/fund/brookfield-global-listed-real-estate-fund for more recent performance
information.
WHAT DID THE FUND INVEST IN? (as of June 30, 2024)
Top 10 Holdings
Prologis, Inc.
Extra Space Storage, Inc.
Welltower, Inc.
Digital Realty Trust, Inc.
Equinix, Inc.
Simon Property Group, Inc.
Essex Property Trust, Inc.
UDR, Inc.
Equity LifeStyle Properties,Inc.
VICI Properties, Inc.

(%)1 Geographic Breakdown (%)1Sector Breakdown2

7.5%
3.9%
3.8%
3.7%
3.6%
3.4%
3.1%
2.9%
2.7%
2.7%

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

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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.

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