Brookfield Global Renewables &Sustainable Infrastructure FundClass I | GRSIX
Semi-Annual Shareholder Report | June 30, 2024

This semi-annual shareholder report contains important information about the Brookfield Global Renewables & Sustainable
Infrastructure Fund for 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-renewables-sustainable-infrastructure-fund. You can also request
this information by contacting us at 855-244-4859.
WHAT WERE THE FUND COSTS FOR THE LAST SIX MONTHS? (based on a hypothetical $10,000 investment)
Class Name

Costs of a $10,000 investment

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

$49

1.00%

Class IHOW DID THE FUND PERFORM AND WHAT AFFECTED ITS PERFORMANCE?
For the six-month period ended June 30, 2024, the Fund underperformed the MSCI World Net Index (USD).
WHAT FACTORS INFLUENCED PERFORMANCETop contributors included:
Clean Technology: Positions in manufacturers of commercial and residential heating, ventilation, and air conditioning(HVAC) systems contributed positively during the period. A position in a smart meter solutions company also contributedpositively.
Water & Waste Infrastructure: Positions in waste management companies continued to rally, following strong
performance in 2023.
Detractors included:
Renewable Power & Infrastructure: Underperformance among non-U.S. power producers detracted from returns during
the period.
POSITIONING
Thus far in 2024 we have seen sentiment toward listed renewables and sustainable infrastructure continue to fluctuate in
response to the outlook for interest rates. Overall, however, we believe the fundamental outlook continues to set up wellfor returns over the next several years. Input costs continue to decline and global renewable power capacity growthcontinues to set records. We continue to highlight the importance of diversity within the renewables and sustainableinfrastructure universe. Beyond “pure-play” renewables companies like power generators, wind turbines and solar panels,
the universe includes waste management companies tied to the concept of a circular economy. We believe thesecompanies have shown their ability to provide diversification to a renewables portfolio.
Top Contributors!Water & Waste Infrastructure (Infrastructure-Like)!Clean Technology!Water & Waste Infrastructure (Broader value chain)
Top Detractors"Renewable Power & Infrastructure (Infrastructure-Like)"Renewable Power & Infrastructure (Broader value chain)"Other Sustainable Infrastructure

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HOW DID THE FUND PERFORM SINCE INCEPTION?*,1
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 YearSince Inception(10/01/2019)

Class I (without sales charge)

-4.10

6.34

MSCI THE WORLD INDEX Gross (USD)

20.75

13.10

Visit https://www.brookfieldoaktree.com/fund/brookfield-global-renewables-sustainable-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.

1 On February 4, 2022, the Fund acquired all of the assets, subject to liabilities, of Brookfield Global Renewables & Sustainable

Infrastructure LP (the “Predecessor Fund”) through a tax-free reorganization (the “Reorganization”). In connection with theReorganization, shares of the Predecessor Fund were exchanged for Class I Shares of the Fund. As a result of the Reorganization,
the Fund’s Class I Shares adopted the Predecessor Fund’s performance and accounting history. Prior to February 4, 2022, theperformance information quoted reflects the performance information from the inception date of the Predecessor Fund (October1, 2019). The Predecessor Fund’s past performance is not an indication of how the Fund will perform in the future. The MSCI World
Index references the Predecessor Fund’s inception date.

KEY FUND STATISTICS (as of June 30, 2024)
Total Net Assets$45,727,464

Number of Portfolio Holdings

33

Portfolio Turnover30%

Total Advisory Fees Paid

$97,831

Visit https://www.brookfieldoaktree.com/fund/brookfield-global-renewables-sustainable-infrastructure-fund for more
recent performance information.

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WHAT DID THE FUND INVEST IN? (as of June 30, 2024)
Top 10 Holdings
Enel SpA
Iberdrola SA
CMS Energy Corp.
Public Service EnterpriseGroup, Inc.
NextEra Energy, Inc.
Waste Connections, Inc.
Boralex, Inc.
American Water Works
Company, Inc.
E.ON SE
Redeia Corp. SA(%)1 Geographic Breakdown (%)1Sector Breakdown2

5.8%
5.3%
4.6%
4.5%
4.3%
4.1%
4.0%
3.9%
3.8%
3.5%

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.

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