Quarterly Report
All data as of September 30, 2024

Brookfield Real Assets Securities UCITS FundClass E: BFRASUE

Investment Objective
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.

Fund Information

Fund Statistics

Share Class
Bloomberg
ISIN
Minimum Investment

E Institutional Accumulation (USD)
BFRASUE
IE00BYY9RD29$250,000

Fees and Charges
Management Fee
Ongoing Charges2
Entry Charge3
Exit Charge3
Performance Fee

0.85%
1.05%
5.00%
3.00%
0.00%

Total Net Assets (in millions)
Net Asset Value (NAV) Per Share
Annualized Standard Deviation1
Annualized Tracking Error1
Number of Holdings$112.54$30.6713.31%
2.07%
299

Risk Indicator

The summary risk indicator is a guide to the level of risk of this product compared toother products. It shows how likely it is that the product will lose money because of
movements in the markets or because we are not able to pay you. The summary risk
indicator is from the most recent PRIIP KID, available from the website, and may besubject to change.

Assets by Sector4

Assets by Geography4
U.S.
Asia Pacific

63.9%
12.9%

35.9%

Continental Europe
Canada7.9%
5.9%

Global Real Estate Equities

32.4%

U.K.

4.7%

REIT Preferreds

3.5%

Latin America

1.8%

Cash & Other

2.9%

Real Asset Debt - High Yield

11.9%
7.1%

Real Asset Debt - Investment Grade

4.8%

Infrastructure Equities

49.2%
43.3%

Global Infrastructure Equities
Energy Infrastructure

6.0%Real Estate Equities

Real Asset Debt

Cash & Other

2.9%

Cash & Other

2.9%

Average Annual Total Returns (%)
Class E (USD)
Real Assets Custom Blend Index Benchmark
Net (USD)MSCI World Net Index (USD)
S&P Real Assets Index Net (USD)

Inception

1 Month

3 MonthYTD

1 Year

3 Years

5 Years

10 Years

Since Incep.

9/01/15

2.85%

12.04%

11.37%

22.38%

3.42%

4.05%

-

4.82%

2.71%

13.10%

13.56%

26.91%

4.24%

4.24%

-

5.56%

1.83%
2.41%

6.36%
8.85%

18.86%
8.41%

32.43%
17.95%

9.07%
2.96%

13.03%
4.45%-

11.32%
4.94%

The Fund's performance is based on net of fees. Index performance is shown for illustrative purposes only and does not predict or depict the performance of the Fund.

Rolling 12-Month Returns (%)
2019

2020

2021

2022

2023

Class E (USD)

10.76%-11.34%24.35%-11.14%

1.73%

Real Assets Custom Blend Index Benchmark Net (USD)

12.40%-10.49%21.41%-13.51%

3.22%

Reflects the period October 1 through September 30. The Fund's performance is based on net of fees. Index performance is shown for illustrative purposes only and does notpredict or depict the performance of the Fund.

Portfolio
Management
Team

Brookfield Public Securities Group
Larry Antonatos, Managing Director and Portfolio Manager
Gaal Surugeon, CFA, Managing Director and Portfolio Manager

Quarterly Report
All data as of September 30, 2024

Brookfield Real Assets Securities UCITS FundClass E: BFRASUETop Five Holdings
Infrastructure Equities

Real Estate Equities

Ticker

Security

Geography

WeightTicker

Security

Geography

WeightNEE USDUK USPCG USSRE USXEL US

NextEra Energy Inc
Duke Energy Corp
PG&E Corp
SempraXcel Energy Inc

U.S.
U.S.
U.S.
U.S.
U.S.

2.6
2.4
1.9
1.8
1.7

EQIX USPLD USVNA GYEquinix Inc
Prologis Inc
Vonovia SE

2.5
2.5
1.5

BRX US

U.S.
U.S.
Continental
EuropeU.S.

Brixmor Property GroupInc
Healthpeak Properties Inc U.S.

10.5 total
DOC US

1.4
1.2
8.9 Total

Real Asset Debt
Ticker

Security

88033GDK325470MAG4
1248EPCD3

Tenet Healthcare Corp
U.S.
DISH Network Corp
U.S.
CCO Holdings LLC / CCO U.S.
Holdings Capital Corp
Enterprise Products
U.S.
Operating LLC
Energy Transfer LP
U.S.

29379VBR3
29273RBA6

Geography

Weight
0.2
0.2
0.2
0.2
0.2
0.8 Total

Top/Bottom Sector Contribution
Relative
Attribution

Total
Contribution

Average
Active Weight

39 bps511 bps-8.6%

Global Infrastructure Equities

16 bps53 bps

2.9%

REIT Preferreds-11 bps

40 bps-2.4%

Real Asset Debt - Investment Grade-44 bps

36 bps

5.7%

Real Asset Debt - High Yield-56 bps

23 bps

5.8%

Commodities-60 bps-16 bps

2.8%

Relative
Total
Attribution Contribution

Average
Active Weight

SectorGlobal Infrastructure Equities

Top/Bottom Security Contribution
Ticker

Security

Geography

SectorETR USEntergy Corporation

U.S.

Utility

15 bps38 bps1.1%

ADSEZ IN

Adani Ports and Special Economic Zone
Asia Pacific
LimitedTransportation

13 bps

0 bps

-0.8%

XEL US

Xcel Energy Inc.

U.S.

Utility

12 bps

39 bps

1.2%

CNP US

CenterPoint Energy, Inc.

U.S.

Utility-13 bps-11 bps

0.1%

9706 JPJapan Airport Terminal Co., Ltd.

Asia Pacific

Transportation-13 bps-6 bps0.5%

BF142Q5

Blackrock, Inc.

U.S.

Other

-60 bps-16 bps2.8%

Quarterly Report
All data as of September 30, 2024

Brookfield Real Assets Securities UCITS FundClass E: BFRASUE

MARKET COMMENTARY
Global equities finished the third quarter strong amid optimism overcentral bank easing and stimulus measures from China. The MSCI World
Index rose 6.46%, with Asia Pacific, Europe and North America up
8.59%, 6.63% and 6.17%, respectively. The S&P 500 Index increased
5.89%. The 10-year U.S. Treasury yield fell 62 basis points during thequarter, to 3.78%. The U.S. Federal Reserve announced a 50-basis point
cut to the Fed Funds rate in September, with many market participants
anticipating further rate cuts in coming months. West Texas
Intermediate Crude Oil finished the quarter at $68.17, down from$81.54 at the end of the second quarter, while the Bloomberg
Commodity Index finished essentially flat, with a gain of 0.68%.
Global Real Estate Securities Rally 16% in Q3
Global real estate securities rallied during the third quarter, as investor
appetite for the asset class returned. The FTSE EPRA Nareit Developed
Index rose 16.33%, outperforming global equities and bringing the yearto-date return for the index to 12.64% for the first nine months of 2024.
During the quarter all U.S. property types posted gains, with only hotels
and residential property types not rising by double digits. Office stocks
were the top performer, rising nearly 30% during the period; and selfstorage companies were up nearly 23%.
Infrastructure Equities Rally in Q3
Global listed infrastructure equities posted strong gains during the third
quarter, with the FTSE Global Core Infrastructure 50/50 Index advancing
13.79% and outperforming global equities. All sectors advanced, with
communications, electricity transmission & distribution, and energy
infrastructure sectors the strongest performers.
Fixed Income Markets Strong in Q3
Fixed income markets were strong in the third quarter, as U.S. Treasury
rates fell significantly across the curve, particularly on the shorter end.
Broad investment grade rose 5.72%, as measured by the ICE BofA U.S.
Corporate Index, with outperforming longer duration driving gains.
Broad high yield returned 5.28%, as measured by the ICE BofA U.S. High
Yield Index. Real asset investment grade outperformed its broader
market counterpart due to its longer duration, and real asset high yieldoutperformed driven by telecommunications.
Strategy Performance
On an absolute basis, equities and debt sleeves contributed toperformance in the third quarter, slightly offset by negative
performance in commodities. Relative to the benchmark, negative asset
allocation and security selection detracted from relative performance.

Relative Detractors:• Commodities due to an overweight exposure to theunderperforming sector.

• Energy midstream equities due to negative security selection andan overweight allocation to the underperforming sector.

• Real asset investment grade debt due to an overweight allocation
to the underperforming sector and negative security selection.

• Real estate equities due to an underweight allocation to theoutperforming sector, slightly mitigated by positive security
selection.
• REIT preferred driven by negative security selection.

Relative Contributors:• Real asset high yield debt due an underweight allocation tounderperforming high yield, slightly offset by negative security
selection.
• Utilities equities driven by an overweight allocation to theoutperforming sector.
• Infrastructure equities due to positive security selection, slightly
offset by an underweight allocation to the outperforming sector.

Global Real Estate Equities Positioning and Outlook
We believe global listed real estate is well positioned to continue to
produce compelling risk-adjusted returns relative to broader equities,
given the green shoots we see emerging for the asset class. These
include a normalizing interest rate environment, a more favorable
supply-and-demand backdrop, and attractive valuations.
In the U.S., data center demand remains robust and we are positioned
accordingly. We also believe high-quality, needs-based shopping centerspresent attractive values.
We maintain a more cautious view on the industrial and office sectors.
Following a period of accelerated growth, industrial landlords continue
to grapple with a supply and demand imbalance. In the office sector,
fundamental trends remain challenged, particularly among landlords insecondary markets, as well as among those focused on lab space.
Security selection and a focus on quality remains essential for thisproperty type.
We have increased exposure to Europe and have a particularly
favorable view of the U.K. There we see several company-specificcatalysts supported by a pickup in housing activity. We also see
attractive opportunities for external growth among high-quality listedcompanies, whose costs of capital are declining relative to other market
participants.
In Asia Pacific, we are beginning to see more favorable opportunities
within the Japanese office and industrial sectors; and have become less
optimistic on travel and leisure-related companies in that region. We
are encouraged by stimulus measures announced in Hong Kong andChina. Our exposure remains focused primarily on security-specificopportunities across what we believe are high-quality retail and officecompanies.
Infrastructure Equities Positioning and Outlook
In our view, the current investment environment is very supportive ofoutsized earnings growth and investment returns for companies thatown and operate the backbone of the global economy. Strong sectorspecific demand drivers, a normalizing interest rate environment andattractive valuations create what we feel is a positive set up for theasset class.
Utilities
We believe prospects for attractive total returns are supported bystrong fundamentals. Increased power needs from industrial growth
and the rapid increase in data infrastructure demand are likely tocontinue. At the same time power demand is growing at above-average
rates, the energy sources of electricity are evolving. Capex is likely togrow to upgrade transmission and distribution networks, which we
think is accretive for earnings. Utilities are also benefitting from macro
trends–lower interest rates improve costs of capital, but also boost
investor sentiment.
We made the following changes during the period.
• Moderately adjusted weights among select U.S. utilities based on
our views of relative valuations and company-specific catalysts.
• Increased exposure to a Western U.S. utility following positive
updates from company management and potential upside as aresult of risk mitigation activities.
• Exited a position in a Texas-based utility, given cumulative costs
from consecutive Hurricane damages, which could pressure thecompany’s balance sheet. We also see potential for politicalbacklash amid the company’s ongoing rate cases.
• Exited a Northeast U.S. utility following a period of
outperformance, as well as what we viewed to be increased
regulatory risk for pending renewables projects.
Transports
Most toll road assets in our universe have recovered from COVID traffic
trend disruption, though some urban centers have some potential forfurther recovery to pre-2020 levels. Global passenger traffic continues
to increase at an impressive rate. Within the airports sector, total
passenger traffic is projected to reach 9.5 billion in 2024, a 10% increase
from 2023. Trends in rail business lines vary widely year on year and theQuarterly Report
All data as of September 30, 2024

Brookfield Real Assets Securities UCITS FundClass E: BFRASUE
sector has struggled to grow underlying volumes in a meaningful way
the past few years.
We made the following changes during the period.
• Increased exposure in a French-based transports operator. We
believe the stock is attractively valued on what we feel is politicalelection noise. We see upside once the perceived risk is removed.
• Increased exposure to select North American rail operators on
attractive valuation.
• Exited a European airport following a period of positive
performance over the last year. Additionally, we see potential
headwinds for the stock amid increased political noise and thepotential for softening traffic.
Communications
Although the exact timing of an acceleration of new leasing is unknown,
demand for network investment, moderating interest rates and anincreased focus on profitability are tailwinds for the sector.
We made the following changes during the period.
• Rotated exposure between select U.S. communication towercompanies. Exited a company on concerns about near-term
growth outlook, less contract duration, and near-term refinancingsin the face of higher for longer interest rates. Conversely, we
rotated into a company whose fundamentals and contracted cash
flows offered both defensive characteristics, as well as thepotential for growth if flows return to the sector.
Energy Infrastructure
We remain bullish on energy infrastructure, or midstream, as part of adiversified infrastructure portfolio, given improvements in theunderlying industry, supportive demand drivers, and midstream
companies’ compelling income and growth characteristics.

Real Asset Debt Positioning and Outlook
We anticipate elevated volatility within high yield and credit markets
broadly in the coming quarters as investors and policy makers digest amoderate economic slowdown and default rates that may continue totrend higher (including distressed exchanges). This could enable
compelling entry points for investors seeking attractive yields backed byessential assets such as infrastructure.
Current valuations within infrastructure high yield are among the most
attractive within high yield, in our view, especially among certain hybrid
securities. Infrastructure high yield offers significantly more potential
yield relative to broad high yield, and we believe there are attractive
idiosyncratic opportunities for sector specialists. In addition, real asset
sectors of high yield, particularly within the BB-rated segment, arerelatively attractive after adjusting for projected credit losses during aperiod of normalized default rates, such as the one we believe wecurrently are in.
Overall Positioning and Outlook
The U.S. Federal Reserve aggressively cut interest rates 50 basis points
in September, in an effort to achieve a soft economic landing amid
steadily declining inflation and modestly higher U.S. unemployment.
Lower interest rates signal both risks and opportunities in ourinvestment universe. The impact of higher rates on economic growthhas been relatively muted to date, but we think it could accelerate incoming quarters, given the lagged effect of monetary policy. At thesame time, we believe more defensive, rate-sensitive assets stand tobenefit from improved fundamentals and more favorable investor
sentiment.
Against this backdrop, we maintain a defensive positioning across mostof our portfolios. Our diversified real assets portfolios reflect a slightoverweight in real asset equities, specifically in defensive infrastructure,
and a slight underweight in real asst debt, where we prefer investmentgrade real asset debt.

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 investment company, and it may be obtainedby 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 is possible. There can be no assurance that the Fund will achieve its
investment objective.
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 in-creasing 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 andself-liquidation. Infrastructure companies may be subject to a variety of factors that may adversely affect their business, including high interest costs, highleverage, regulation costs, economic slowdown, surplus capacity, increased competition, lack of fuel availability and energy conservation policies. The Fundinvests 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, theFund 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 are generally more volatile, less liquid, andconsidered speculative. The Fund invests in MLPs, which involves additional risks as compared to the risks of investing in common stock, including risks related
to cash flow, dilution and voting rights. 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.
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.
Natural Resources Securities may be affected by numerous factors, including events occurring in nature, inflationary pressures and international politics. Risinginterest rates and general economic conditions may also affect the demand for natural resources.
Exposure to the commodities markets may subject the Fund to greater volatility than investments in traditional securities.
Debt securities rated below investment grade are commonly referred to as "junk bonds" and are considered speculative. Investments in debt securities typicallydecrease in value when interest rates rise. This risk is usually greater for longer-term debt 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. Since the Fund will
invest more than 25% 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.
The Real Assets Custom Index Blend Benchmark refers to the Blended Index, as referenced in the Fund's prospectus. Beginning January 1, 2020, this index has
consisted of 35% FTSE EPRA Nareit Developed Index, 5% ICE BofA Preferred Stock REITs 7% Constrained Index, 40% FTSE Global Core Infrastructure 50/50 Index,
5% Alerian Midstream Energy Index, and 15% ICE BofA USD Real Asset High Yield & Corporate Custom Index. For the period from October 1, 2016 throughDecember 31, 2019 the Blended Index consisted of 35% FTSE EPRA Nareit Developed Index, 5% ICE BofA Preferred Stock REITs 7% Constrained Index, 40% Dow
Jones Brookfield Global Infrastructure Index, 5% Alerian MLP Index, and 15% ICE BofA Global High Yield Index and ICE BofA Global Corporate Index, weighted
70% and 30%, respectively. For the period from October 19, 2014 through September 30, 2016, the Blended Index consisted of 33.33% DJ Brookfield Global
Infrastructure Composite Index, 33.33% FTSE EPRA Nareit Developed Index, 13.33% ICE BofA Global High Yield Index and ICE BofA Global Corporate Index,

Quarterly Report
All data as of September 30, 2024

Brookfield Real Assets Securities UCITS FundClass E: BFRASUE
weighted 70% and 30%, 10% S&P Global Natural Resources Index, 6.67% Bloomberg Commodity Index and 3.34% Bloomberg Barclays Global Inflation-Linked
Index.
The Alerian Midstream Energy Index is a broad-based composite of North American energy infrastructure companies. The capped, float-adjusted, capitalizationweighted index, whose constituents earn the majority of their cash flow from midstream activities involving energy commodities, is disseminated real-time on aprice return basis (AMNA) and on a total-return basis (AMNAX).
The Alerian MLP Index is the leading gauge of energy infrastructure Master Limited Partnerships (MLPs). The capped, float-adjusted, capitalization-weighted
index, whose constituents earn the majority of their cash flow from midstream activities involving energy commodities, is disseminated real-time on a pricereturn basis (AMZ) and on a total-return basis (AMZX).
The Bloomberg Barclays Global Inflation Linked Index (Series-L) measures the performance of investment-grade, government inflation-linked debt from 12
different developed market countries. Investability is a key criterion for inclusion of markets in this index, and it is designed to include only those markets inwhich a global government linker fund is likely and able to invest.
The Bloomberg Commodity Index is a broadly diversified index that tracks the commodities markets through commodity futures contracts.
The Dow Jones Brookfield Global Infrastructure Composite Index is calculated and maintained by S&P Dow Jones Indexes and comprises infrastructurecompanies with at least 70% of their annual cash flows derived from owning and operating infrastructure assets, including MLPs. Brookfield has no direct role inthe day-to-day management of any Brookfield co-branded indexes.
The Dow Jones Brookfield Global Infrastructure Index is calculated and maintained by S&P Dow Jones Indexes and comprises infrastructure companies with atleast 70% of their annual cash flows derived from owning and operating infrastructure assets. Brookfield has no direct role in the day-to-day management of any
Brookfield cobranded indexes.
The FTSE EPRA Nareit Developed Index is an unmanaged market-capitalization-weighted total-return index, which consists of publicly traded equity REITs andlisted property companies from developed markets.
The FTSE Global Core Infrastructure 50/50 Index gives participants an industry-defined interpretation of infrastructure and adjusts the exposure to certain
infrastructure sub-sectors.
The constituent weights are adjusted as part of the semi-annual review according to three broad industry sectors - 50% Utilities, 30% Transportation including
capping of 7.5% for railroads/railways and a 20% mix of other sectors including pipelines, satellites and telecommunication towers. Company weights within eachgroup are adjusted in proportion to their investable market capitalization.
The ICE BofA Global Corporate Index tracks the performance of investment- grade public debt issued in the major domestic and Eurobond markets, including
global bonds.
The ICE BofA Global High Yield Index tracks the performance of below investment-grade, 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 ICE BofA Preferred Stock REITs 7% Constrained Index is a subset of the ICE BofA Fixed-Rate Preferred Securities Index including all real estate investment
trust issued preferred securities.
The ICE BofA Fixed-Rate Preferred Securities Index tracks the performance of fixed-rate U.S. dollar-denominated preferred securities issued in the U.S. domestic
market.
The ICE BofA USD Real Asset High Yield & Corporate Custom Index is a custom index blend of sectors of ICE BofA U.S. High Yield Index (70%) and ICE BofA U.S.
Corporate Index (30%) that correspond to equity sectors in Brookfield's real asset universe. Such real-asset-related sectors include Cable, Infrastructure Services,
Oil Gas T&D, Telecommunications, Transportation, Utilities, Agriculture, Timber, Basic Materials, Energy Exploration & Production, Metals & Mining, Real Estate,
RE Ownership & Development and REITs.
The ICE BofA U.S. High Yield Index tracks the performance of U.S.-dollar-denominated below-investment-grade corporate debt publicly issued in the U.S.
domestic market.
The ICE BofA U.S. Corporate Index tracks the performance of U.S.-dollar-denominated investment-grade corporate debt publicly issued in the U.S. domestic
market.
The MSCI World Index is a free float-adjusted market capitalization weighted index that is designed to measure the equity market performance of developed
markets.
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 Global Natural Resources Index includes 90 of the largest publicly traded companies in natural resources and commodities businesses that meet specificinvestability requirements, offering investors diversified, liquid and investable equity exposure across three primary commodity-related sectors: Agribusiness,
Energy and Metals & Mining.
The S&P Real Assets Index measures global property, infrastructure, commodities and inflation-linked bonds using liquid component indexes that track equities(representing 50% of the index), fixed income (representing 40% of the index) and futures (representing 10% of the index).
Indexes are not managed and an investor cannot invest directly in an index. Index performance is shown for illustrative purposes only and does not predict ordepict the performance of the Fund.
1

2

3
4

5

Represents data for Class E since inception. Standard deviation measures the degree to which an investment's return varies from its mean return. Tracking
error measures the difference between a portfolio's returns and its benchmark. Sharpe ratio is a measure of the excess return to the risk-free rate (or risk
premium) per unit of risk (measured by standard deviation) in an investment asset or a trading strategy.
PSG, the Fund's investment advisor, has voluntarily agreed to waive all or a portion of its management fees and/or reimburse certain expenses of the Fund to
the extent necessary to maintain the Fund's total expense ratio (excluding brokerage commissions and other transactional expenses, interests, taxes andextraordinary expenses, such as litigation; and other expenses not incurred in the ordinary course of the Fund's business) at no more than 1.05% of the Fund's
share classes. This fee waiver and expense reimbursement arrangement is voluntary which the Fund's investment advisor may terminate in its sole discretion at
any time. Please refer to the Fund's prospectus, supplementary prospectus and PRIIP (Packaged Retail & Insurance-based Investment Products) KID (KeyInformation Document) available at www.brookfieldoaktree.com for a discussion of any charges that may be applied to an investment in the Fund.
Please refer to the Fund's Prospectus and Supplement for more details regarding entry and exit charges.
Source: PSG. Sector and country allocations and asset classes determined by PSG are expressed as a percentage of total investments (by market value) andwill vary over time. Cash and Other includes available cash and other receivables and payables of the Fund.
Source: PSG. The top five holdings are as of September 30, 2024 and 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 purchaseor sell a particular security.

The Fund's Investment Advisor is Brookfield Public Securities Group LLC and the Management Company is Waystone Management Company (IE) Limited.
©2024 Brookfield Public Securities Group LLC.

Quarterly Report
All data as of September 30, 2024

Brookfield Real Assets Securities UCITS FundClass E: BFRASUE
Distribution
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 not intended 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 jurisdiction in which Brookfield is not licensed to conduct business,
and/or an offer, solicitation, purchase or sale would 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, the representative is ACOLIN Fund Services AG, Maintower, Thurgauerstrasse 36/38, 8050
Zurich, whilst the paying 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.
The Fund is not authorised or recognised by the Monetary Authority of Singapore ("MAS") and shares are not allowed to be offered to the retail public. The Fund is registered with the
MAS as a Restricted Foreign Scheme. Shares of the Fund may only be offered to institutional and accredited investors (as defined in the Securities and Futures Act (Cap.289)) ('SFA') andthis 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 ofHong 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 inHong 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 theCompanies (Winding Up and Miscellaneous Provisions) Ordinance of Hong Kong and the Ordinance. In addition, this document may not be issued or possessed for the purposes ofissue, 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 the Ordinance.

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