BROOKFIELD INVESTMENT FUNDS (UCITS) PUBLIC LIMITED COMPANY(the “Company”)
An open-ended investment company with variable capital authorised pursuant to theEuropean Communities (Undertakings for Collective Investment in Transferable Securities)
Regulations 2011, as amended
ADDENDUM TO THE PROSPECTUS
21 January 2020
This addendum to the prospectus (the “Addendum”) forms part of the prospectus for theCompany dated 7 December 2018 (the “Prospectus”). The Company is an an umbrella fundwith segregated liability between sub-funds authorised pursuant to the EuropeanCommunities (Undertakings for Collective Investment in Transferable Securities) Regulations
2011, as amended, as an open-ended investment company with variable capital by the Central
Bank of Ireland.
The information contained in this Addendum should be read in the context of, and together
with, the information contained in the Prospectus.
Words and expressions defined in the Prospectus shall, unless the context otherwise requires,
have the same meaning when used in this Addendum.
The Directors of the Company whose names appear under the section of the Prospectus entitled“Management and Administration”, accept responsibility for the information contained in theProspectus. To the best of the knowledge and belief of the Directors (who have taken all
reasonable care to ensure that such is the case), the information contained in this Addendum is inaccordance with the facts and does not omit anything likely to affect the import of suchinformation.
RISK FACTORSThe current risk factor entitled “Changes in the UK Political Environment”shall be deleted in its
entirety and replaced with the following risk factor:
Brexit
The terms of any withdrawal of the UK’s membership from the European Union (alsoknown as ‘Brexit’) and the on-going relationship between the UK and the European
Union post-Brexit remains uncertain and this uncertainty may impact on the Companyand/or the financial markets within which it operates.
Brexit has led to political, legal, tax and economic uncertainty. This may impact on thegeneral economic conditions in the UK and various other countries. It is not yet clear
whether and to what extent EU regulations may remain applicable or may be replaced bydifferent UK regulations with respect to the activities of any UK service provider orcounterparty utilised by the Company following Brexit or what legal or cooperation
arrangements the UK may put in place with the European Union as a result of Brexit.
Investors should be aware that Brexit and any associated arrangements, negotiations andnotifications and any associated changes to legislation or regulation may introduce
potentially significant new uncertainties and instabilities in the financial markets. These

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uncertainties and instabilities could have an adverse impact on the business, financial
condition, results of operations and prospects of the Company and certain of its service
providers and counterparties, and could therefore also be detrimental to Shareholders.
Brexit may also adversely affect the ability of UK service providers or UK counterparties
to access markets, make investments or enter into agreements (on either their own behalfor on behalf of the Company or a Fund), or continue to work with non-UK counterparties
and service providers, all of which may result in increased costs to the Company and/ora Fund. It is possible that UK investors in the Company may be subject to fewer
regulatory protections than would otherwise be the case post-Brexit and UK based
investors may no longer be allowed to invest in a Fund or may suffer negative
consequences from an investment in a Fund.”SCHEDULE 3 – LIST OF RECOGNISED MARKETS
Section 12 of Schedule 3 shall be deleted in its entirety.
With effect from the date on which the United Kingdom leaves the European Union, thefollowing changes to the Prospectus shall take effect:
Sections 1 and 3 of Schedule 3 shall also be deleted in their entirety and replaced with thefollowing:1.

All stock exchanges:

In a Member State (other than Malta):-

Austria

Denmark

HungaryNetherlands

SwedenBelgium

Estonia

Ireland

PolandRomania

Bulgaria

Finland

Italy

Portugal

Croatia

FranceLatviaSlovakia

CyprusGermany

Lithuania

Slovenia

Czech Republic

GreeceLuxembourg

Spain



In a Member State of the European Economic Area (EEA) (excludingLiechtenstein)

Iceland
Norway

In any of the following countries:-

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3.

US

Australia

CanadaNew ZealandJapan

Hong Kong

Switzerland

United Kingdom

The derivative markets approved in the United Kingdom, the European Union or an EEA
Member State (excluding Liechtenstein);

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