Brookfield Investment Funds(UCITS) Plc
Interim Report and Unaudited Financial Statements
for the six month period ended June 30, 2024
Brookfield Global Listed Core Infrastructure UCITS FundBrookfield Global Listed Real Estate UCITS FundBrookfield Global Renewables & Sustainable Infrastructure UCITS FundBrookfield Real Assets Securities UCITS Fund

An open-ended investment company with variable capital authorised by the Central Bank as an undertaking for collective investment in transferable securities pursuant
to the European Communities (Undertakings for Collective Investment in Transferable Securities) Regulations, 2011 (as amended) and Central Bank (Supervision and Enforcement)
Act 2013 (Section 48(1)) (Undertakings for Collective Investment in Transferable Securities) Regulations, 2019
Registration Number 503109

BROOKFIELD INVESTMENT FUNDS (UCITS) PLC

TABLE OF CONTENTS
Page
Directors and Other Information

3

Statements of Financial Position

4–8

Statements of Comprehensive Income

9 – 11

Statements of Changes in Net Assets Attributable to Holders of Redeemable
Participating Shares

12 – 16

Statements of Cash Flows

17 – 22

Notes to the Financial Statements

23 – 50

Brookfield Global Listed Real Estate UCITS Fund
Schedule of Investments

51 – 55

Schedule of Significant Portfolio Changes

56 – 57

Brookfield Real Assets Securities UCITS Fund
Schedule of Investments

58 – 75

Schedule of Significant Portfolio Changes

76 – 77

Brookfield Global Renewables and Sustainable Infrastructure UCITS Fund
Schedule of Investments

78 – 81

Schedule of Significant Portfolio Changes

82 – 83

Brookfield Global Listed Core Infrastructure UCITS Fund
Schedule of Investments

84 – 88

Schedule of Significant Portfolio Changes

89 – 90

Appendix

91

2

BROOKFIELD INVESTMENT FUNDS (UCITS) PLC

DIRECTORS AND OTHER INFORMATION
Directors
Heather Goldman (American)**Jonathan Crile Tyras (American)**
Des Quigley (Irish)**Lesley Williams (Irish)**Registered Office
4th Floor
One George’s Quay Plaza
George’s Quay
Dublin 2
IrelandManager
Waystone Management Company (IE) Limited
35 Shelbourne Road, 4th Floor
Ballsbridge
Dublin
D04 A4E0
Ireland

Depositary
CACEIS Bank, Ireland Branch (previously
CACEIS Investor Services Bank S.A., Dublin
Branch)***Bloodstone Building
Sir John Rogerson’s Quay
Dublin 2
IrelandInvestment Manager
Brookfield Public Securities Group LLC
Brookfield Place
250 Vesey Street, 15th Floor
New York, NY 10281-1023
U.S.A.

Administrator and Transfer AgentCACEIS Ireland Limited (previously CACEIS
Investor Services Ireland Limited)***Bloodstone Building
Sir John Rogerson’s Quay
Dublin 2
IrelandCompany Secretary
HMP Secretarial LimitedRiverside One
Sir John Rogerson’s Quay
Dublin 2
Ireland

Legal Advisers
McCann FitzGerald
Riverside One
Sir John Rogerson’s Quay
Dublin 2
Ireland

Independent Auditor
Deloitte Ireland LLP
Chartered Accountants and Statutory Audit Firm
Deloitte & Touche House
Earlsfort Terrace
Dublin 2
Ireland* Non-Executive Director** Non-Executive and Independent Director***See Note 14 for further details.

3

BROOKFIELD INVESTMENT FUNDS (UCITS) PLC

STATEMENT OF FINANCIAL POSITION
As at 30 June 2024

Brookfield
Global Listed
Real Estate
UCITS Fund
30 Jun 2024
USD

Brookfield
Real Assets
Securities
UCITS Fund
30 Jun 2024
USD

Brookfield
GlobalRenewables andSustainable
Infrastructure
UCITS Fund
30 Jun 2024
USD

8
5
2
2
3

30,863,834
266,031
14,51494,009115,548
128,576
31,482,512

8,299,034
550,103
1,438
40,862
173,904
14,084
9,079,425

36,288,767
233,338
129,623
188,441
371,850
37,212,019

21,010,405
164,432
106,136
168,407
10,665
21,460,045

8,9
5
2
3
3
3
3
3
3

1,324
15
77,861
48,683
16,684
15,95425,998
7,083
20,634
2,864
186,076

17
13,284
15,710
1,993
7,644
3,243
24,831
2,864
59,29760,43916,042
6,096
12,035
6,409
23,2662,848
111,285

28,636
15,656
2,190
6,651
3,042
10,033
2,864
48,227403,176

128,883

238,420

117,299

31,079,336

8,950,542

36,973,599

21,342,746

Notes
AssetsFinancial assets at fair value through profit or loss:
Investment in transferable securities
Cash at bankAmount receivable on sale of securities
Interest and dividends receivable
Receivable for investment manager subsidy
Other Receivables
Total assets
Liabilities
Financial liabilities at fair value through profit or loss:
Investment in financial derivative instruments liabilities
Bank Overdraft
Amount payable on redemptions
Investment management fees payable
Administration fees payable
Transfer agency fees payable
Management company fees payable
Directors fees payable
Depositary fees payable
Audit fees payable
Other accrued expenses and liabilities
Total liabilities (excluding amounts attributable
to holders of redeemable participating shares)
Net assets attributable to holders of redeemableparticipating shares

13

Brookfield
GlobalListed Core
Infrastructure
UCITS Fund
30 Jun 2024
USD

The accompanying notes form an integral part of these financial statements.

4

BROOKFIELD INVESTMENT FUNDS (UCITS) PLC

STATEMENT OF FINANCIAL POSITION (continued)
As at 30 June 2024
Brookfield
Global Listed
Real Estate
UCITS Fund
30 Jun 2024

Brookfield
Real Assets
Securities
UCITS Fund
30 Jun 2024

Brookfield
GlobalRenewables andSustainable
Infrastructure
UCITS Fund
30 Jun 2024

Number of shares in issue
Shares In Issue B ClassNet Asset Value Per Share B Class

105,986.18
EUR 44.62-

179,940.26
EUR 20.60

217,486.82
EUR 23.05

Shares In Issue E ClassNet Asset Value Per Share E Class561,122.23
USD 35.49

326,977.71
USD 27.37

899,999.81
USD 21.03

766,767.46
USD 20.84

Shares In Issue F ClassNet Asset Value Per Share F Class

103,848.46
USD 16.01-

850,000.00
USD 14.92-

Shares In Issue I ClassNet Asset Value Per Share I Class

15,300.00
EUR 17.30---

Shares In Issue O Class*
Net Asset Value Per Share O Class

-

-

50.00
GBP 20.88

50.00
GBP 20.54

Shares In Issue V ClassNet Asset Value Per Share V Class

114,000.00
USD 18.53-

83,504.58
USD 16.87-

Shares In Issue W ClassNet Asset Value Per Share W Class

133,474.00
USD 14.11---

Shares In Issue Z ClassNet Asset Value Per Share Z Class

7,372.80
GBP 17.19---

Brookfield
GlobalListed Core
Infrastructure
UCITS Fund
30 Jun 2024

The accompanying notes form an integral part of these financial statements.
* Class O share class was launched on 14 March 2024.

5

BROOKFIELD INVESTMENT FUNDS (UCITS) PLC

STATEMENT OF FINANCIAL POSITION (continued)
As at 31 December 2023
Brookfield
Global Listed
Real Estate
UCITS Fund
31 Dec 2023
USD

Brookfield
Real Assets
Securities
UCITS Fund
31 Dec 2023
USD

Brookfield
GlobalRenewables andSustainable
Infrastructure
UCITS Fund
31 Dec 2023
USD

8
8,9
5
2
2
2
3

108,779,481
1,679
1,167,185
109,652
289,21231,280132,540
110,511,029

22,625,689
432,356
98,631
62,34813,407
23,232,431

39,123,219
1,169,559
901,907
63,43315,081
367,221
41,640,420

22,369,938
481,046
5,475,000
41,53853,366
3,846
28,424,734

8,9
5
2
3
3
3
3
3

1
56,35675,182
17,92629,292
9,962
32,122
12,509139,305

5
4,696
16,575
11,7891,952
16,532
12,50913,835

1,465,248
30,554
12,7498,302
17,31912,493
16,2305,590,017
11,681
12,4972,453
3,774
12,509835

372,655

77,893

1,562,895

5,633,766

110,138,374

23,154,538

40,077,525

22,790,968

Notes
AssetsFinancial assets at fair value through profit or loss:
Investment in transferable securities
Investment in financial derivative instruments
Cash at bankAmount receivable on sale of securities
Amount receivable on subscriptions
Interest and dividends receivable
Receivable for investment manager subsidy
Other Receivables
Total assets
Liabilities
Financial liabilities at fair value through profit or loss:
Investment in financial derivative instruments liabilities
Bank overdraft
Amount payable on purchase of securities
Investment management fees payable
Administration fees payable
Transfer agency fees payable
Management company fees payable
Depositary fees payable
Audit fees payable
Other accrued expenses and liabilities
Total liabilities (excluding amounts attributable
to holders of redeemable participating shares)
Net assets attributable to holders of redeemableparticipating shares

13

Brookfield
GlobalListed Core
Infrastructure
UCITS Fund
31 Dec 2023
USD

The accompanying notes form an integral part of these financial statements.

6

BROOKFIELD INVESTMENT FUNDS (UCITS) PLC

STATEMENT OF FINANCIAL POSITION (continued)
As at 31 December 2023
Brookfield
Global Listed
Real Estate
UCITS Fund
31 Dec 2023

Brookfield
Real Assets
Securities
UCITS Fund
31 Dec 2023

Brookfield
GlobalRenewables andSustainable
Infrastructure
UCITS Fund
31 Dec 2023

Number of shares in issue
Shares In Issue B ClassNet Asset Value Per Share B Class110,561.18
EUR 45.49-

129,023.77
EUR 20.18

274,525.45
EUR 22.40

Shares In Issue E ClassNet Asset Value Per Share E Class

2,598,588.45
USD 37.31

840,765.71
USD 27.54

1,060,250.81
USD 21.25

767,263.98
USD 20.87

Shares In Issue F ClassNet Asset Value Per Share F Class

120,473.46
USD 17.16-

850,000.00
USD 15.54-

Shares In Issue I ClassNet Asset Value Per Share I Class

15,300.00
EUR 18.35---

Shares In Issue V ClassNet Asset Value Per Share V Class

128,810.00
USD 19.55-

86,625.67
USD 17.13-

Shares In Issue W ClassNet Asset Value Per Share W Class

168,639.00
USD 15.20---

Shares In Issue Z ClassNet Asset Value Per Share Z Class

7,372.80
GBP 18.10---

Brookfield
GlobalListed Core
Infrastructure
UCITS Fund
31 Dec 2023

The accompanying notes form an integral part of these financial statements.

7

BROOKFIELD INVESTMENT FUNDS (UCITS) PLC

STATEMENT OF FINANCIAL POSITION (continued)
As at 30 June 2024 and 31 December 2023
Total
30 Jun 2024
USD

Total
31 Dec 2023
USD

8
8,9
5
2
2
2
3

96,462,040
1,213,904
15,952
370,630
646,300
525,175
99,234,001

192,898,327
1,679
3,250,146
901,9075,584,652
492,814
162,075
517,014203,808,614

8,9
5
2
2
3
3
3
3
3
3

1,324
32
77,861
151,04264,092
26,23352,328
19,77778,764
11,440404,8851
57,116,317
133,992
54,961
41,9999,962
69,74750,020170,205

887,778

7,647,209

98,346,223

196,161,405

Notes
AssetsFinancial assets at fair value through profit or loss:
Investment in transferable securities
Investment in financial derivative instruments
Cash at bankAmount receivable on sale of securities
Amount receivable on subscriptions
Interest and dividends receivable
Receivable for investment manager subsidy
Other Receivables
Total assets
Liabilities
Financial liabilities at fair value through profit or loss:
Investment in financial derivative instruments liabilities
Bank overdraft
Amount payable on purchase of securities
Amount payable on redemptions
Investment management fees payable
Administration fees payable
Transfer agency fees payable
Management company fees payable
Directors fees payable
Depositary fees payable
Audit fees payable
Other accrued expenses and liabilities
Total liabilities (excluding amounts attributable
to holders of redeemable participating shares)
Net assets attributable to holders of redeemableparticipating shares

13

The accompanying notes form an integral part of these financial statements.

8

BROOKFIELD INVESTMENT FUNDS (UCITS) PLC

STATEMENT OF COMPREHENSIVE INCOME
For the financial period ended 30 June 2024

Brookfield
Global Listed
Real Estate
UCITS Fund
30 Jun 2024
USD

Brookfield
Real Assets
Securities
UCITS Fund
30 Jun 2024
USD

Brookfield
GlobalRenewables andSustainable
Infrastructure
UCITS Fund
30 Jun 2024
USD

2
2
2

736,271
9,739-

239,680
10,11992,887680,023
14,853-

427,487
6,266-

6(4,690,072)
1,400(3,942,662)(561,276)
56(218,534)(1,106,342)
196,987(214,479)(256,556)
17
177,2143
3
3
3

203,387
20,60335,301
32,9605,911
28,26910,996
118,179
180,977
636,583

74,40924,921
12,972
51,881
5,911
17,834
3,132
22,60586,206
299,871

186,529
24,40023,20024,715
5,911
26,563
9,903
30,955
182,649
514,825

87,45024,25912,297
26,342
5,911
15,142
4,412
12,077102,728
290,618(270,252)
366,331(189,255)
110,616(266,544)
248,281(171,488)
119,130(4,308,993)(329,150)(462,760)

58,08486,35551,88284,36478,258(4,395,348)(381,032)(547,124)(20,174)

80,650-389,895-(4,475,998)(381,032)(937,019)(20,174)

Notes
IncomeDividend income
Bank interest
Interest Income
Net realised and unrealised loss on financial assets andliabilities at fair value through profit or loss and foreign exchange
Other Income
Total (loss)/income
Expenses
Investment management fees
Administration fees
Directors’ fees
Depositary fees
Audit fees
Management company fees
Transfer agency fees
Transaction costs
Other expenses
Total expenses
Investment manager subsidy
Net Expenses

3
3
2

3

(Loss)/Profit before taxation
Taxation
Withholding taxes

2

Decrease in net assets attributable to holders of redeemableparticipating shares from operations after tax
Dividends to holders of redeemable participating shares
Decrease in net assets attributable to holders of redeemableparticipating shares from operations

4

Brookfield
GlobalListed Core
Infrastructure
UCITS Fund
30 Jun 2024
USD

The accompanying notes form an integral part of these financial statements.
There were no gains and losses other than those reflected above. All results above relate to continuing operations.

9BROOKFIELD INVESTMENT FUNDS (UCITS) PLC

STATEMENT OF COMPREHENSIVE INCOME (continued)
For the financial period ended 30 June 2023

Brookfield
Global Listed
Real Estate
UCITS Fund
30 Jun 2023
USD

Brookfield
Real Assets
Securities
UCITS Fund
30 Jun 2023
USD

Brookfield
GlobalRenewables andSustainable
Infrastructure
UCITS Fund
30 Jun 2023
USD

2
2
2

2,995,629
26,831-

461,266
26,982
177,243

703,875
61,369-255,154
15,093-

6

1,977,915
754
5,001,129

130,33348
795,872

311,128
1,076,372

133,530
33
403,8103
3
3
3

688,953
27,62728,99756,514
5,944
34,21938,168250,842
218,532
1,349,796

133,272
25,303
4,507
66,115
5,944
4,958
5,325
24,99450,583321,001

227,224
25,901
16,16832,9805,928
6,656
16,791200,027
59,544591,219

66,95525,325
2,567
21,158
5,944
2,796
5,394
10,52826,083
166,750(248,387)
1,101,409(131,313)
189,688(120,211)
471,008(74,714)92,036

3,899,720

606,184

605,364

311,774

679,613

107,498

78,11650,2733,220,107

498,686

527,248

261,501

131,900-

207,060-

3,088,207

498,686

320,188261,501

Notes
IncomeDividend income
Bank interest
Interest Income
Net realised and unrealised gain on financial assets andliabilities at fair value through profit or loss and foreign exchange
Other Income
Total income
Expenses
Investment management fees
Administration fees
Directors’ fees
Depositary fees
Audit fees
Management company fees
Transfer agency fees
Transaction costs
Other expenses
Total expenses
Investment manager subsidy
Net Expenses

3
3
2

3

Profit before taxation
Taxation
Withholding taxes

2

Increase in net assets attributable to holders of redeemableparticipating shares from operations after tax
Dividends to holders of redeemable participating shares
Increase in net assets attributable to holders of redeemableparticipating shares from operations

4

Brookfield
GlobalListed Core
Infrastructure
UCITS Fund
30 Jun 2023
USD

The accompanying notes form an integral part of these financial statements.
There were no gains and losses other than those reflected above. All results above relate to continuing operations.

10

BROOKFIELD INVESTMENT FUNDS (UCITS) PLC

STATEMENT OF COMPREHENSIVE INCOME (continued)
For the financial period ended 30 June 2024 and 30 June 2023

IncomeDividend income
Bank interest
Interest income
Net realised and unrealised (loss)/gain on financial assets andliabilities at fair value through profit or loss and foreign exchange
Other Income
Total (loss)/income
Expenses
Investment management fees
Administration fees
Directors’ fees
Depositary fees
Audit fees
Management company fees
Transfer agency fees
Transaction costs
Other expenses
Total expenses
Investment manager subsidy
Net Expenses

Notes

Total
30 Jun 2024
USD

Total
30 Jun 2023
USD

2
2
2

2,083,461
40,97792,887

4,415,924
130,275
177,243

6(6,614,246)
198,460(4,198,461)

2,552,906
835
7,277,183

3
3
3
3551,775
94,183
83,770135,898
23,64487,80828,443
183,816
552,560
1,741,897

1,116,404
104,156
52,239176,767
23,76048,62965,678486,391354,7422,428,766(897,539)
844,358(574,625)
1,854,141(5,042,819)

5,423,042

300,859

915,500(5,343,678)

4,507,542

470,545

338,960(5,814,223)

4,168,582

3
3
2

3

(Loss)/Profit before taxation
Taxation
Withholding taxes

2(Decrease)/Increase in net assets attributable to holders of redeemableparticipating shares from operations after tax
Dividends to holders of redeemable participating shares(Decrease)/Increase in net assets attributable to holders of redeemableparticipating shares from operations

4

The accompanying notes form an integral part of these financial statements.
There were no gains and losses other than those reflected above. All results above relate to continuing operations.

11

BROOKFIELD INVESTMENT FUNDS (UCITS) PLC

STATEMENT OF CHANGES IN NET ASSETS ATTRIBUTABLE TO HOLDERS OF REDEEMABLE PARTICIPATING SHARESFor the financial period ended 30 June 2024

Brookfield
Global Listed
Real Estate
UCITS Fund
30 Jun 2024
USD

Brookfield
Real Assets
Securities
UCITS Fund
30 Jun 2024
USD

Brookfield
GlobalRenewables andSustainable
Infrastructure
UCITS Fund
30 Jun 2024
USD

Net assets attributable to holders of redeemableparticipating shares at the beginning of the financial period

110,138,374

23,154,538

40,077,525

22,790,968

Loss attributable to holders of redeemableparticipating shares from operations(4,475,998)(381,032)(937,019)(20,174)

Capital Transactions
Issue of redeemable participating shares during the financial period
EUR B class
USD E class
GBP O* class

3,183,191-

7,020,407-

1,082,950
82,702
1,276

1,276

Redemption of redeemable participating shares during the financial period
EUR B class
USD E class
USD F class
USD V class
USD W class(217,146)(76,499,590)(266,153)(272,457)(510,885)(20,843,371)-(3,278,935)(54,900)-(1,418,877)(10,447)-

Net assets attributable to holders of redeemableparticipating shares at the end of the financial period

31,079,336

8,950,542

36,973,599

21,342,746

Brookfield
GlobalListed Core
Infrastructure
UCITS Fund
30 Jun 2024
USD

* Class O share class was launched on 14 March 2024.
The accompanying notes form an integral part of these financial statements.
There were no gains and losses other than those reflected above.

12

BROOKFIELD INVESTMENT FUNDS (UCITS) PLC

STATEMENT OF CHANGES IN NET ASSETS ATTRIBUTABLE TO HOLDERS OF REDEEMABLE PARTICIPATING SHARES (continued)
For the financial period ended 30 June 2024
Brookfield
Global Listed
Real Estate
UCITS Fund
30 Jun 2024
USD

Brookfield
Real Assets
Securities
UCITS Fund
30 Jun 2024
USD

Brookfield
GlobalRenewables andSustainable
Infrastructure
UCITS Fund
30 Jun 2024
USD

3,149,745

840,766

2,125,900

1,041,789

Brookfield
GlobalListed Core
Infrastructure
UCITS Fund
30 Jun 2024
USD

Redeemable participating shares in issue atbeginning of the financial period
Shares issued during the financial period
EUR B class
USD E class
GBP O* Class
Shares redeemed during the financial period
EUR B class
USD E class
USD F class
USD V class
USD W class

90,460-256,889-

50,916
4,055
50

50

(4,575)(2,127,926)(16,625)(14,810)(35,165)(770,677)-(164,305)(3,121)-(57,038)(497)-

Redeemable participating shares in issue at theend of the financial period

1,041,104

326,978

2,013,495

984,304* Class O share class was launched on 14 March 2024.
The accompanying notes form an integral part of these financial statements.
There were no gains and losses other than those reflected above.

13

BROOKFIELD INVESTMENT FUNDS (UCITS) PLC

STATEMENT OF CHANGES IN NET ASSETS ATTRIBUTABLE TO HOLDERS OF REDEEMABLE PARTICIPATING SHARES (continued)
For the financial period ended 30 June 2023

Brookfield
Global Listed
Real Estate
UCITS Fund
30 Jun 2023
USD

Brookfield
Real Assets
Securities
UCITS Fund
30 Jun 2023
USD

Brookfield
GlobalRenewables andSustainable
Infrastructure
UCITS Fund
30 Jun 2023
USD

198,114,165

29,053,498

215,398,745

16,570,895

Profit attributable to holders of redeemableparticipating shares from operations

3,088,207

498,686

320,188261,501

Capital Transactions
Issue of redeemable participating shares during the financial period
EUR A* class
GBP AA** class
EUR B class
USD E class
USD F class
EUR I class
USD V class
GBP Z class690
41
5,017,469
237,740
45,615
3,984,427

4,027,153-

2,546,250
44,000-437,940-

Redemption of redeemable participating shares during the financial period
EUR A* class
GBP AA** class
EUR B class
USD E class
USD F class
EUR I class
USD V class
USD W class
GBP Z class(2,043,581)(2,772,579)(388,965)(76,507,361)(44,400)(22,747)(352,698)(320,770)(849,819)(3,167)(178,392,522)(113,034)---

Net assets attributable to holders of redeemableparticipating shares at the end of the financial period

127,185,434

33,576,170

39,916,661

17,157,302

Net assets attributable to holders of redeemableparticipating shares at the beginning of the financial period

Brookfield
GlobalListed Core
Infrastructure
UCITS Fund
30 Jun 2023
USD

* Class A share class terminated on 26 January 2023.
** Class AA share class terminated on 20 April 2023.
The accompanying notes form an integral part of these financial statements.
There were no gains and losses other than those reflected above.

14

BROOKFIELD INVESTMENT FUNDS (UCITS) PLC

STATEMENT OF CHANGES IN NET ASSETS ATTRIBUTABLE TO HOLDERS OF REDEEMABLE PARTICIPATING SHARES (continued)
For the financial period ended 30 June 2023
Brookfield
Global Listed
Real Estate
UCITS Fund
30 Jun 2023
USD

Brookfield
Real Assets
Securities
UCITS Fund
30 Jun 2023
USD

Brookfield
GlobalRenewables andSustainable
Infrastructure
UCITS Fund
30 Jun 2023
USD

6,545,097

1,107,014

10,067,247

766,818

Brookfield
GlobalListed Core
Infrastructure
UCITS Fund
30 Jun 2023
USD

Redeemable participating shares in issue atbeginning of the financial period
Shares issued during the financial period
EUR B class
USD E class
USD F class
EUR I class
USD V class
GBP Z class
Shares redeemed during the financial period
EUR A* class
GBP AA** class
EUR B class
USD E class
USD F class
EUR I class
USD V class
USD W class
GBP Z class

141,182
14,0002,201
185,536

150,812-

115,000
2,398-

17,707(114,791)(161,190)(8,320)(2,157,391)(2,500)(1,200)(18,875)(21,764)(39,440)(119)-(8,128,941)-(5,506)-

Redeemable participating shares in issue at theend of the financial period

4,362,545

1,257,707

2,055,704

779,019-* Class A share class terminated on 26 January 2023.
** Class AA share class terminated on 20 April 2023.
The accompanying notes form an integral part of these financial statements.
There were no gains and losses other than those reflected above.

15

BROOKFIELD INVESTMENT FUNDS (UCITS) PLC

STATEMENT OF CHANGES IN NET ASSETS ATTRIBUTABLE TO HOLDERS OF REDEEMABLE PARTICIPATING SHARES (continued)
For the financial period ended 30 June 2024 and 30 June 2023

Total
30 Jun 2024
USD

Total
30 Jun 2023
USD

Net assets attributable to holders of redeemableparticipating shares at the beginning of the financial period

196,161,405

459,137,303(Loss)/Profit attributable to holders of redeemableparticipating shares from operations(5,814,223)

4,168,582

1,082,950
10,286,300
2,552
-

690
41
437,940
11,590,872
237,740
45,61544,0003,984,427(1,636,023)(100,632,343)(266,153)(327,357)(510,885)-(2,043,581)(2,772,579)(388,965)(255,016,084)(44,400)(22,747)(352,698)(320,770)(849,819)

98,346,223

217,835,567

Capital Transactions
Issue of redeemable participating shares during the financial period
EUR A class
GBP AA class
EUR B class
USD E class
USD F class
EUR I class
GBP O* ClassUSD V class
GBP Z class
Redemption of redeemable participating shares during the financial period
EUR A class
GBP AA class
EUR B class
USD E class
USD F class
EUR I class
USD V class
USD W class
GBP Z class
Net assets attributable to holders of redeemableparticipating shares at the end of the financial period* Class O share class was launched on 14 March 2024.

The accompanying notes form an integral part of these financial statements.
There were no gains and losses other than those reflected above. All results above relate to continuing operations.

16

BROOKFIELD INVESTMENT FUNDS (UCITS) PLC

STATEMENT OF CASH FLOWSFor the financial period ended 30 June 2024
Brookfield
Global Listed
Real Estate
UCITS Fund
30 Jun 2024
USD

Brookfield
Real Assets
Securities
UCITS Fund
30 Jun 2024
USD

Brookfield
GlobalRenewables andSustainable
Infrastructure
UCITS Fund
30 Jun 2024
USD

Decrease in net assets attributable to holders ofredeemable participating shares from operations(4,395,348)(381,032)(547,124)(20,174)

Adjustment to reconcile decrease in net assets attributable to holdersof redeemable participating shares fromoperations to cash provided by/(used in) operating activities
Interest income
Dividend income
Withholding tax
Operating loss before working capital changes(9,739)(736,271)
86,355(5,055,003)(103,006)(239,680)
51,882(671,836)(14,853)(680,023)
84,364(1,157,636)(6,266)(427,487)
78,258(375,669)

Net decrease in investments in securities(Increase)/decrease in receivable from sale of securities
Increase in receivable for investment manager subsidy
Decrease/(increase) in other receivable and prepaid expenses
Decrease in amount payable on purchase of securities(Decrease)/increase in investment manager fees payable(Decrease)/increase in administration fees payable(Decrease)/increase in transfer agency fees payable
Increase in management company fees payable
Increase in directors’ fees payable(Decrease)/increase in depositary fees payable
Decrease in audit fees payable
Increase/(decrease) in other accrued expenses and liabilities

77,918,649(14,514)(84,268)
3,964(56,356)(26,499)(1,242)(13,338)
16,036
7,083(11,488)(9,645)
46,771

14,326,655(1,438)(111,556)(677)(4,696)(3,291)
3,921
41
7,644
3,243
8,299
(9,645)45,462

2,834,452
901,907(173,360)(4,629)(1,465,248)
29,885
3,293(2,206)
12,0356,409
5,947(9,645)
95,055

1,359,533(115,041)(6,819)(5,590,017)
16,955
3,159
(263)
6,651
3,042
6,259
(9,645)47,392

Cash provided by/(used in) operating activities

72,720,150

13,592,126

1,076,259(4,654,463)

Brookfield
GlobalListed Core
Infrastructure
UCITS Fund
30 Jun 2024
USD

Cash flows from operating activities

Changes in operating assets and liabilities

The accompanying notes form an integral part of these financial statements.
All results above relate to continuing operations.

17

BROOKFIELD INVESTMENT FUNDS (UCITS) PLC

STATEMENT OF CASH FLOWS (continued)
For the financial period ended 30 June 2024

Brookfield
Global Listed
Real Estate
UCITS Fund
30 Jun 2024
USD

Brookfield
Real Assets
Securities
UCITS Fund
30 Jun 2024
USD

Brookfield
GlobalRenewables andSustainable
Infrastructure
UCITS Fund
30 Jun 2024
USD

9,739
931,474(86,355)

158,922
241,533(51,882)

14,853613,833(84,364)

6,266
362,889(78,258)

Net cash provided by/(used in) operating activities

73,575,008

13,940,699

1,620,581(4,363,566)

Cash flows from financing activities
Proceeds from issue of redeemable participating shares
Payment on redemptions of redeemable participating shares
Dividends to holders of redeemable participating shares

3,292,843(77,688,370)(80,650)

7,020,407(20,843,371)-

1,166,928(3,333,835)(389,895)

5,476,276(1,429,324)-

Net cash (used in)/provided by financing activities(74,476,177)(13,822,964)(2,556,802)

4,046,952

Net (decrease)/increase in cash

(901,169)

117,735(936,221)(316,614)

Cash at the start of the financial period

1,167,185

432,351

1,169,559

481,046

Cash at the end of the financial period

266,016550,086

233,338

164,432

Brookfield
GlobalListed Core
Infrastructure
UCITS Fund
30 Jun 2024
USD

Cash provided by/(used in) operating activities (continued)
Interest received
Dividend received
Withholding tax

The accompanying notes form an integral part of these financial statements.
All results above relate to continuing operations.

18

BROOKFIELD INVESTMENT FUNDS (UCITS) PLC

STATEMENT OF CASH FLOWS (continued)
For the financial period ended 30 June 2023
Brookfield
Global Listed
Real Estate
UCITS Fund
30 Jun 2023
USD

Brookfield
Real Assets
Securities
UCITS Fund
30 Jun 2023
USD

Brookfield
GlobalRenewables andSustainable
Infrastructure
UCITS Fund
30 Jun 2023
USD

Increase in net assets attributable to holders ofredeemable participating shares from operations

3,220,107

498,686

527,248

261,501

Adjustment to reconcile increase in net assets attributable to holdersof redeemable participating shares fromoperations to cash provided by/(used in) operating activities
Interest income
Dividend income
Withholding tax
Operating profit/(loss) before working capital changes(26,831)(2,995,629)
679,613877,260(204,225)(461,266)
107,498(59,307)(61,369)(703,875)
78,116(159,880)(15,093)(255,154)
50,273
41,527

Net decrease/(increase) in investments in securities
Decrease in receivable from sale of securities
Decrease/(increase) in receivable for investment manager subsidy
Increase in other receivable and prepaid expenses(Decrease)/increase in amount payable on purchase of securities
Decrease in investment manager fees payable
Decrease in administration fees payable
Decrease in transfer agency fees payable
Decrease in management company fees payable
Decrease in depositary fees payable
Decrease in audit fees payable
Increase/(decrease) in other accrued expenses and liabilities

73,409,556
1,922,201
15,089(2,357)(183,933)(221,252)(4,376)(2,721)(2,305)(9,545)(6,583)
21,191(3,870,894)
13,294
11,429(9,012)(11,119)(19,369)(4,086)(434)(1,656)(3,294)(6,583)
9,355

164,141,978313,494(3,916)(28,184)(310,035)(4,072)(2,060)(13,284)(8,676)(6,599)(66,805)(532,894)
10,548
3,992(99,429)
96,888(11,752)(4,053)(660)(578)(3,397)(6,583)
95,824

Cash provided by/(used in) operating activities

75,812,225(3,951,676)

163,851,961(410,567)

Brookfield
GlobalListed Core
Infrastructure
UCITS Fund
30 Jun 2023
USD

Cash flows from operating activities

Changes in operating assets and liabilities

The accompanying notes form an integral part of these financial statements. All results above relate to continuing operations.

19

BROOKFIELD INVESTMENT FUNDS (UCITS) PLC

STATEMENT OF CASH FLOWS (continued)
For the financial period ended 30 June 2023

Brookfield
Global Listed
Real Estate
UCITS Fund
30 Jun 2023
USD

Brookfield
Real Assets
Securities
UCITS Fund
30 Jun 2023
USD

Brookfield
GlobalRenewables andSustainable
Infrastructure
UCITS Fund
30 Jun 2023
USD

Interest received
Dividend received
Withholding tax

26,831
3,117,321(679,613)

136,521507,625(107,498)

61,369850,681(78,116)(37,880)
288,002(50,273)

Net cash provided by/(used in) operating activities

78,276,764(3,415,028)

164,685,895(210,718)

Cash flows from financing activities
Proceeds from issue of redeemable participating shares
Payment on redemptions of redeemable participating shares
Dividends to holders of redeemable participating shares

9,285,982(87,020,837)(131,900)

4,027,153(3,167)-2,590,250(178,330,860)(207,060)

437,940(113,034)-

Net cash (used in)/provided by financing activities(77,866,755)

4,023,986(175,947,670)

324,906

410,009608,958(11,261,775)

114,188

Cash at the start of the financial period

1,080,706

837,377

11,585,914

553,588

Cash at the end of the financial period

1,490,715

1,446,335

324,139

667,776

Brookfield
GlobalListed Core
Infrastructure
UCITS Fund
30 Jun 2023
USD

Cash provided by/(used in) operating activities (continued)

Net increase/(decrease) in cash

The accompanying notes form an integral part of these financial statements. All results above relate to continuing operations.

20

BROOKFIELD INVESTMENT FUNDS (UCITS) PLC

STATEMENT OF CASH FLOWS (continued)
For the financial period ended 30 June 2024 and 30 June 2023
Total
30 Jun 2024
USD

Total
30 Jun 2023
USD

(Decrease)/increase in net assets attributable to holders ofredeemable participating shares from operations(5,343,678)

4,507,542

Adjustment to reconcile decrease)/increase in net assets attributable toholders of redeemable participating shares from operations tocash provided by operating activities
Interest income
Dividend income
Withholding tax
Operating (loss)/profit before working capital changes(133,864)(2,083,461)
300,859(7,260,144)(307,518)(4,415,924)
915,500
699,600

Net decrease in investments in securities
Decrease in receivable from sale of securities(Increase)/decrease in receivable for investment manager subsidy
Increase in other receivable and prepaid expenses
Decrease in amount payable on purchase of securities
Increase/(decrease) in investment manager fees payable
Increase/(decrease) in administration fees payable
Decrease in transfer agency fees payable
Increase/(decrease) in management company fees payable
Increase in directors’ fees payable
Increase/(decrease) in depositary fees payable
Decrease in audit fees payable
Increase in other accrued expenses and liabilities

96,439,289
885,955(484,225)(8,161)(7,116,317)
17,0509,131(15,766)
42,366
19,777
9,017(38,580)
234,680

233,147,746
2,259,537
26,594(138,982)(98,164)(562,408)(16,587)(5,875)(17,823)(24,912)(26,348)
59,565

Cash provided by operating activities

82,734,072

235,301,943

Cash flows from operating activities

Changes in operating assets and liabilities

The accompanying notes form an integral part of these financial statements.
All results above relate to continuing operations.

21

BROOKFIELD INVESTMENT FUNDS (UCITS) PLC

STATEMENT OF CASH FLOWS (continued)
For the financial period ended 30 June 2024 and 30 June 2023
Total
30 Jun 2024
USD

Total
30 Jun 2023
USD

Interest received
Dividend received
Withholding tax

189,780
2,149,729(300,859)

186,841
4,763,629(915,500)

Net cash provided by operating activities

84,772,722

239,336,913

Cash flows from financing activities
Proceeds from issue of redeemable participating shares
Payment on redemptions of redeemable participating shares
Dividends to holders of redeemable participating shares

16,956,454(103,294,900)(470,545)

16,341,325(265,467,898)(338,960)

Net cash used in financing activities(86,808,991)(249,465,533)

Net decrease in cash

(2,036,269)(10,128,620)

Cash at the start of the financial period

3,250,141

14,057,585

Cash at the end of the financial period

1,213,872

3,928,965

Cash provided by operating activities (continued)

The accompanying notes form an integral part of these financial statements.
All results above relate to continuing operations.

22

BROOKFIELD INVESTMENT FUNDS (UCITS) PLC

Notes to the financial statements for the financial period ended 30 June 2024
1.

The Company
Brookfield Investment Funds (UCITS) plc (the “Company”) is an open-ended investment company withvariable capital organised under the laws of Ireland as a public limited company authorised in Ireland by
the Central Bank as a UCITS pursuant to the European Communities (Undertakings for Collective
Investment in Transferable Securities) Regulations, 2011 (as amended) and Central Bank (Supervision
and Enforcement) Act 2013 (Section 48(1)) (Undertakings for Collective Investment in Transferable
Securities) Regulations 2019 (the “Regulations”). It was incorporated on 1 September 2011 withregistration number 503109.
The Company is structured as an umbrella fund with segregated liability between sub-funds.
The Company is an umbrella type collective investment vehicle comprising distinct sub-funds. The
assets of a sub-fund are invested separately in accordance with the investment objectives and policiesof that sub-fund which are set out in a supplement to the Prospectus. As at 30 June 2024 the Company
had four active sub-funds, all denominated in USD: Brookfield Global Listed Real Estate UCITS Fund (launched 30 November 2011)
 Brookfield Real Assets Securities UCITS Fund (launched 1 September 2015)
 Brookfield Global Renewables and Sustainable Infrastructure UCITS Fund (launched 19 August 2020)
 Brookfield Global Listed Core Infrastructure UCITS Fund (launched 24 Jun 2021)
 Brookfield US Listed Real Estate UCITS Fund (terminated on 23 November 2021)
 Brookfield Global Listed Infrastructure UCITS Fund (terminated on 26 October 2021)
 Brookfield Global Listed Infrastructure Long Short UCITS Fund (terminated on 28 December 2017)
 Brookfield Real Assets Debt UCITS Fund (not currently available for purchase)With the prior approval of the Central Bank, the Company may from time to time create such additional
sub-funds as the Directors deem appropriate. Details of any such sub-fund or sub-funds created in the
future shall be as set out in the applicable Supplement in accordance with the requirements of theCentral Bank.
Business Day is defined as any day (except Saturdays, Sundays and public holidays in Dublin and on
the New York Stock Exchange) on which retail banks in Dublin and the New York Stock Exchange areopen for business or such other day or days as may be determined by the Directors. As 28 June 2024
was the last Business Day this was the date used to strike the Net Asset Value (“NAV”) upon which thefinancial statements are based.
The objective of each sub-fund is as follows:
Brookfield Global Listed Infrastructure UCITS FundThe sub-fund sought total return through growth of capital and current income. The sub-fund sought toachieve its investment objective by investing primarily in securities of infrastructure companies listed ortraded on a Recognised Market. The sub-fund was terminated on 26 October 2021.
Brookfield Global Listed Real Estate UCITS FundThe sub-fund seeks total return through growth of capital and current income. The sub-fund seeks toachieve its investment objective by investing primarily in real estate investment trusts (REITs) and otherrelated securities issued by U.S. and non-U.S. real estate companies. The sub-fund launched 30
November 2011.
Brookfield US Listed Real Estate UCITS FundThe sub-fund sought total return through growth of capital and current income. The sub-fund sought toachieve its investment objective by investing primarily in real estate investment trusts (REITs) and otherrelated securities issued by U.S. real estate companies. The sub-fund was terminated on 23 November
2021.

23

BROOKFIELD INVESTMENT FUNDS (UCITS) PLC

Notes to the financial statements for the financial period ended 30 June 2024 (continued)
1.

The Company (continued)
Brookfield Real Assets Securities UCITS FundThe sub-fund seeks total return, which is targeted to be in excess of inflation, through growth of capitaland current income. The sub-fund seeks to achieve its investment objective by investing at least 80%
of its net assets in both equity and fixed income securities of “real assets” asset classes, in the following
categories, all of which will be listed or traded on a recognised market: real estate securities,
infrastructure securities; and natural resources securities. The sub-fund launched 1 September 2015.
Brookfield Global Renewable and Sustainable Infrastructure UCITS FundThe sub-fund seeks total return through growth of capital and current income. The sub-fund seeks toachieve its investment objective by investing primarily in equity securities of global renewables andsustainable infrastructure companies listed or traded on a Recognised Market. This sub-fund launchedon 19 August 2020.
Brookfield Global Listed Infrastructure Long Short UCITS FundThe sub-fund sought to generate high risk-adjusted absolute returns with low correlation to the broad
equity and fixed income markets. The sub-fund sought to achieve its investment objective by taking longand short positions primarily in equity securities of publicly traded infrastructure companies throughout
the world. These included publicly traded securities of infrastructure companies whose primary
operations or principal trading market are in non-U.S. markets. The sub-fund was terminated on 28
December 2017.
Brookfield Global Listed Core Infrastructure UCITS FundThe sub-fund seeks total return through growth of capital and current income. The sub-fund seeks toachieve its investment objective by investing primarily in securities of infrastructure companies listed ortraded on a Recognised Market. The sub-fund launched 24 June 2021.
Brookfield Real Assets Debt UCITS FundThe sub-fund seeks total return, which is targeted to be in excess of inflation, through current income
and growth of capital. The sub-fund seeks to achieve its investment objective by investing at least 80%
of its net assets in fixed income securities of “real assets” asset classes in the following categories, allof which will be listed or traded on a recognised market: real estate securities; infrastructure securities;
and natural resources securities. The sub-fund is not currently available for purchase.

2.

Significant Accounting Policies
Basis of Preparation
The financial statements are prepared in accordance with International Financial Reporting Standards(IFRS) as adopted by the European Union, the European Communities (Undertakings for Collective
Investment in Transferable Securities) Regulations, 2011 (as amended) (the “UCITS Regulations”) andCentral Bank (Supervision and Enforcement) Act 2013 (Section 48(1)) (Undertakings for Collective
Investment in Transferable Securities) Regulations, 2019 (the “Central Bank UCITS Regulations”). The
accounting policies applied in the preparation of the interim financial statements are consistent with theaccounting policies applied in the preparation of the audited annual financial statements. The financial
statements are prepared on the going concern basis.

24

BROOKFIELD INVESTMENT FUNDS (UCITS) PLC

Notes to the financial statements for the financial period ended 30 June 2024 (continued)
2.

Significant Accounting Policies (continued)
Financial instruments
Classification of financial instruments
Under IFRS 9, a financial asset is classified as measured at: amortised cost; Fair value through othercomprehensive income (“FVOCI”) or fair value through profit or loss (“FVTPL”). The classification offinancial assets under IFRS 9 is based on the business model in which a financial asset is managed
and on its contractual cash flow characteristics.
In evaluating the classification of financial assets the Company has determined the following: Based on how performance is evaluated, how risks are managed and how compensation is paid,
the business model for financial assets is to manage on a fair value basis.
 The contractual cash flows of the financial assets are not solely payments of principal and interest.
Based on the above evaluation, the Company’s financial assets are classified at FVTPL.
The Company’s financial liabilities are classified at FVTPL in line with the principles of IFRS 9.
Recognition/derecognition of financial instruments
Purchases and sales of investments are accounted for on the day the trade transaction takes place.
Investments are derecognised when the rights to receive cash flows from the investments have expiredor the risks and rewards of ownership have all been substantially transferred. Realised gains and losses
on disposals are calculated using the weighted average basis and are reflected as net realised
gain/(loss) on financial assets at fair value through profit or loss in the Statement of Comprehensive
Income.
Initial measurement of financial instruments
Financial assets and financial liabilities at fair value through profit or loss are initially recognised at fairvalue. Gains and losses arising from changes in the fair value of the financial assets and liabilities arepresented in the Statement of Comprehensive Income, in the year in which they arise.
Financial assets and liabilities at fair value through profit or loss
Valuation Principles
The value of any investment which is quoted, listed or normally dealt in on a regulated market shall becalculated at the last trade price. Investments quoted, listed or normally dealt in on more than one market
shall be calculated at the last traded price on the market, that in the opinion of the Directors provides
the principal market for such investment. When prices are not available for any reason, or such prices
are deemed to not represent fair value, the value thereof shall be the probable realisation value whichmust be estimated in good faith by such competent person as may be appointed by the Directors andapproved for the purpose by the Depositary.
The fair value of financial instruments traded in active markets (for example bonds, debt securities,
equities and similar assets) were recorded based on quoted market prices as at 28 June 2024.
For all other financial instruments not traded in an active market, the fair value is determined by using
appropriate valuation techniques. Valuation techniques include: using recent arm’s length market
transactions; reference to the current market value of another instrument that is substantially the same;
discounted cash flow analysis and option pricing models making as much use of available andsupportable market data as possible.
Forward Currency Contracts
The fair value of open foreign currency contracts is calculated as the difference between the contracted
rate and the current forward rate that would close out the contract on the valuation date. For eachrelevant sub-fund, gains or losses on open forward currency contracts are included in investments infinancial derivative instruments in the Statement of Financial Position.

25

BROOKFIELD INVESTMENT FUNDS (UCITS) PLC

Notes to the financial statements for the financial period ended 30 June 2024 (continued)
2.

Significant Accounting Policies (continued)
IncomeDividends are recognised as income on the dates that the related investment is first quoted ‘ex-dividend’
to the extent information thereon is reasonably available. Interest income and interest expense arerecognised on an accruals basis in line with the contractual terms. Interest is accrued on a daily basis.
Realised and Unrealised Gains/(Losses) on Investments
Realised gains and losses and unrealised gains and losses arising on the valuation of investments arerecognised in the Statement of Comprehensive Income, where relevant. The cost of investments soldis recognised on a weighted average basis.
Fees and Charges
All expenses are recognised in the Statements of Comprehensive Income on an accruals basis.
Foreign Currency
Items included in the Company’s financial statements are measured using the currency of the primaryeconomic environment in which it operates (the functional currency). As at 30 June 2024 this was theUnited States Dollar ("USD").
Transactions in foreign currencies were translated at the foreign currency exchange rate at the date of
the transaction. Monetary and non-monetary assets and liabilities denominated in foreign currencies
were translated to USD at the foreign currency closing exchange rate at the dates that the values were
determined. Income and expenses were translated at the daily average exchange rates. Foreign
currency exchange differences relating to investments at fair value through profit or loss were includedin the net realised and unrealised gain on financial assets and liabilities at fair value through profit orloss in the Statement of Comprehensive Income. All other foreign currency exchange differences
relating to monetary items, including cash, are presented in the Statement of Comprehensive Income.
Taxation
Under current law and practice, the Company qualifies as an investment undertaking as defined in
Section 739B of the Taxes Consolidation Act of 1997, as amended. On that basis, it is not chargeable
to Irish tax on its income or gains.
However, Irish tax may arise on the happening of a ‘chargeable event’. Generally a chargeable event
arises on any distribution, redemption, repurchase, cancellation or transfer of shares or on the endingof a “Relevant Period”. A “Relevant Period” being an eight year period beginning with the acquisition of
the shares by the Shareholder and each subsequent period of eight years beginning immediately after
the preceding Relevant Period.
No Irish tax will arise on the Company in respect of chargeable events in respect of:(a) a shareholder who is neither an Irish resident nor ordinarily resident in Ireland for tax purposes, atthe time of the chargeable event, provided appropriate valid declarations in accordance with theprovisions of the Taxes Consolidation Act of 1997, as amended, are held by the Company; and(b) certain exempted Irish tax resident shareholders who have provided the Company with thenecessary signed statutory declarations.
Dividends, interest and capital gains (if any) received on investments made by the Company may besubject to withholding taxes imposed by the country from which the investment income/gains arereceived and such taxes may not be recoverable by the Company or its shareholders.
Redeemable participating shares
Redeemable participating shares are redeemable at the shareholder’s option and are classified as
financial liabilities.
The redeemable participating shares can be put back to the Company on any dealing day for cash equal
to a proportionate share of the Company’s Net Asset Value.

26

BROOKFIELD INVESTMENT FUNDS (UCITS) PLC

Notes to the financial statements for the financial period ended 30 June 2024 (continued)
2.

Significant Accounting Policies (continued)
Transaction costs
Transaction costs include fees and commissions paid to agents, advisers, brokers and dealers, levies
by regulatory agencies and security exchanges, and transfer taxes and duties. Transaction costs do notinclude debt premiums or discounts, financing costs or internal administrative or holding costs. Theseare expensed through the Statement of Comprehensive Income as incurred.
Receivables and payables
Receivables and payables represent amounts receivable and payable for transactions contracted but
not yet delivered.
Receivables are non-derivative financial assets with fixed or determinable payments that are not quoted
in an active market. Receivables are recognised initially at fair value plus transaction costs that are
directly attributable to their acquisition/origination. They are subsequently measured at amortised costusing the effective interest method, less provision for impairment.
Payables are recognised initially at fair value and subsequently stated at amortised cost using theeffective interest method. The difference between the proceeds and the amounts payable arerecognised over the period of the payable using the effective interest method.
Dividends
Dividends may be paid at the Directors’ discretion. Shareholders will be notified in advance of any
dividend being declared and details of any change in dividend policy will be provided by amending theProspectus or the applicable Supplement. For further details of dividends paid during the financial period
please refer to note 4.

3.

Fees
Management Company Fee
Under the provisions of the Management Agreement, the Company will pay Waystone Management
Company (IE) Limited (the Manager) a fee not exceeding 0.02% per annum of the Net Asset Value of a
sub-fund as of the relevant Valuation Date subject to the minimum fee of EUR 50,000 per annum for the
initial sub-fund and EUR 12,500 per annum for each incremental sub-fund. The management company
fee will accrue daily and will be payable monthly in arrears (and pro rata for lesser periods).
The Manager will also be entitled to reimbursement of all reasonable properly-vouched out-of-pocket
expenses (including VAT thereon) incurred in the performance of its duties hereunder.
The management company fees charged for the financial period amounted to USD 87,808 (30 June
2023: USD 48,629). Fees of USD 52,328 (31 December 2023: USD 9,962) were outstanding at financial
period end.
Investment Management Fees
Under the provisions of the Investment Management Agreement, the Company will pay Brookfield Public
Securities Group LLC (the Investment Manager) a fee in respect of its duties at an agreed upon
percentage of the closing Net Asset Value of the relevant sub-fund (plus VAT, if any) prior to the accrualof the investment management fee as of each Valuation Date. The Investment Management fee willaccrue on and will be reflected in the Net Asset Value calculated on each Valuation Date and will be
paid monthly in arrears.
The Investment Manager shall also be entitled to be repaid all of its reasonable out of pocket expenses
incurred in the performance of its duties under the investment management agreement.
The Investment Management fees charged for the financial period amounted to USD 551,775 (30 June
2023: USD 1,116,404). Fees of USD 151,042 (31 December 2023: USD 133,992) were outstanding at
financial period end.

27

BROOKFIELD INVESTMENT FUNDS (UCITS) PLC

Notes to the financial statements for the financial period ended 30 June 2024 (continued)
3.

Fees (continued)
Investment Management Fees (continued)
The Investment Manager has voluntarily agreed to waive all or a portion of its management fees and/or
reimburse certain expenses of each sub-fund to the extent necessary to maintain the sub-funds’ total
expense ratios (excluding brokerage commissions and other transactional expenses, interest, taxes andextraordinary expenses, such as litigation; and other expenses not incurred in the ordinary course ofeach sub-fund’s business) at no more than the expense caps listed in the table below. This fee waiverand expense reimbursement arrangement is voluntary which the Investment Manager may terminate inits sole discretion at any time. Any decision to terminate the fee waiver will be notified to the Board of
Directors. Please refer to the Company’s Prospectus, Supplements and Key Investor Information
Document (KIID) available at www.brookfield.com for further details of any charges that may be applied
to an investment in each sub-fund.

Fund Name
Brookfield Global Listed Real Estate UCITS Fund
- Share A Class, AA Class, B Class, E Class, F Class, I Class and Z Class- Share V Class, W Class
Brookfield Real Assets Securities UCITS Fund
- Share E Class
Brookfield Global Renewables and Sustainable Infrastructure UCITS Fund
- Share B Class- Share E Class- Share F Class- Share O Class- Share V Class
Brookfield Global Listed Core Infrastructure UCITS Fund
- Share B Class- Share E Class- Share O Class

Investment
Management
Fees

Total
Expense
Cap

0.85%
1.70%

1.05%
1.90%

0.85%

1.05%

0.95%
0.95%
0.95%
0.70%
1.90%

1.15%
1.15%
1.15%
0.90%
2.10%

0.80%
0.80%
0.70%

1.00%
1.00%
0.90%

The total expense ratios for the periods ended 30 June 2024 and 31 December 2023 are shown on
pages 91.
The Investment Manager subsidy for the financial period amounted to USD 897,539 (30 June 2023:
USD 574,625). Fees reimbursements of USD 646,300 (31 December 2023: USD 1,186,671) werereceivable from the Investment Manager at financial period end.
Administration and Transfer Agency Fee
Under the provisions of the Administration Agreement, the Administrator is entitled to a fee for theprovision of fund accounting and administrative services at a rate which will be set out in the Supplement
for each sub-fund. The administration fee will accrue daily and will be paid monthly in arrears out of theassets of the sub-fund.
The Administrator shall also be entitled to be repaid out of the assets of the sub-fund all of its reasonable
out-of-pocket expenses incurred on behalf of the sub-fund which shall include legal fees, couriers’ fees
and telecommunication costs and expenses.
The Administrator is also entitled to receive an annual fee for the production of annual and semi-annual
accounts, and the KIID, together with reasonable registrar and transfer agency transaction charges, at
normal commercial rates, as may be agreed in writing between the Company and the Administrator fromtime to time.

28

BROOKFIELD INVESTMENT FUNDS (UCITS) PLC

Notes to the financial statements for the financial period ended 30 June 2024 (continued)
3.

Fees (continued)
Administration and Transfer Agency Fee (continued)
The Administration and Transfer Agency fees charged for the financial period amounted to USD 94,183(30 June 2023: USD 104,156) and USD 28,443 (31 December 2023: USD 126,432), respectively. Feesof USD 64,092 (30 June 2023: USD 34,714) and USD 26,233 (31 December 2023: USD 41,999),
respectively were outstanding at financial period end.
Depositary Fees
Under the provisions of the Depositary Agreement, the Depositary is entitled to a fee for trustee andcustody services at a rate which will be set out in the Supplement for each sub-fund. The DepositaryFees will accrue daily and will be payable monthly in arrears out of the assets of the relevant sub-fund.
The Depositary shall be reimbursed all reasonable out-of-pocket expenses incurred by it on behalf ofthe sub-fund (such as telephone and fax expenses) including stamp duties and registration fees, banking
maintenance fees and interbank transfer fees, and the fees and expenses of sub-custodians, at normal
commercial rates.
Where the Depositary is required to carry out additional duties to those originally agreed, including theprovision of additional reports, amending the structure of a sub-fund or its documentation or terminatinga sub-fund or winding up the Company, and this requires additional work to be performed by or reviewof the documents by the Depositary, the Depositary will be entitled to charge additional fees at a rate as
may be agreed in advance with the Directors. Shareholders will be notified of any increase in depositary
fees due to such additional work before such increase takes effect.
The Depositary fees charged for the financial period amounted to USD 135,898 (30 June 2023: USD
176,767). The Depositary fees outstanding at financial period end were USD 78,764 (31 December
2023: USD 69,747).
Directors’ fees
The Directors’ fees charged during the financial period were USD 83,770 (30 June 2023: USD 52,239)
of which USD 19,777 (31 December 2023: USD Nil) was payable at financial period end.

4.

Dividends
The Articles permit the Directors to declare on the Shares or on any class of Shares such dividends,
including interim dividends, as appear to the Directors to be justified. The Directors have reviewed andapproved a dividend policy, which they in their sole authority, have the ability to amend as seen as
justified. The Directors may, with the sanction of the Company in a general meeting, satisfy any dividend
due to holders of the Shares, in whole or in part, by distributing to them in specie any of the assets of
the Company and, in particular, any investments to which the Company is entitled provided that, where
the share capital is divided into different classes of Shares, any such distributions to the holders of one
class of Shares shall not materially prejudice the interests of the holders of the other classes of Shares.
Alternatively, if a holder does not wish to receive a dividend by way of in specie distribution, it may
require the Directors to realise such investments necessary in order to effect the relevant distribution.

29

BROOKFIELD INVESTMENT FUNDS (UCITS) PLC

Notes to the financial statements for the financial period ended 30 June 2024 (continued)
4.

Dividends
Any dividend unclaimed after a period of six years from the date of declaration of such dividend shall be
forfeited and shall revert to the relevant sub-fund.
Dividends were declared with ex-dates shown below in respect of the following sub-funds:
Brookfield Global Listed Real Estate UCITS Fund - Class F
Ex-date
15 March 2024
14 June 2024

30 June 2024
Rate
USD 0.1660
USD 0.1616

Ex-date
20 March 2023
16 June 2023

30 June 2023
Rate
USD 0.1689
USD 0.1677

Brookfield Global Listed Real Estate UCITS Fund - Class AA
Ex-date-30 June 2024
Rate-

Ex-date
20 March 2023

30 June 2023
Rate
USD 0.1693

Brookfield Global Listed Real Estate UCITS Fund - Class W
Ex-date
15 March 2024
14 June 2024

30 June 2024
Rate
USD 0.1467
USD 0.1425

Ex-date
20 March 2023
16 June 2023

30 June 2023
Rate
USD 0.1506
USD 0.1492

Brookfield Global Renewables and Sustainable Infrastructure UCITS Fund - Class F
Ex-date
15 March 2024
14 June 2024

30 June 2024
Rate
USD 0.1666
USD 0.2921

Ex-date
20 March 2023
16 June 2023

30 June 2023
Rate
USD 0.1007
USD 0.1429

Dividends were paid for the financial period ended 30 June 2024 and 30 June 2023 shown below inrespect of the following sub-funds:
Brookfield Global Listed Real Estate UCITS FundClass FClass AAClass W

30 June 2024
USD 37,591
USD 43,059

30 June 2023
USD 44,853
USD 27,289
USD 59,758

Brookfield Global Renewables and Sustainable Infrastructure UCITS FundClass F

30 June 2024
USD 389,895

30 June 2023
USD 207,060

There were no dividends payable as at 30 June 2024 (30 June 2023: USD Nil).

30

BROOKFIELD INVESTMENT FUNDS (UCITS) PLC

Notes to the financial statements for the financial period ended 30 June 2024 (continued)
5.

Cash and cash equivalents
Cash and cash equivalents balances were held with CACEIS Bank, Ireland Branch (31 December 2023:
CACEIS Investor Services Bank S.A., Dublin Branch)
As at 30 June 2024, the following were the cash balances:
Brookfield
Global Listed
Real Estate
UCITS FundBrookfield
Real Assets
Securities
UCITS FundBrookfield
Global Renewables
and Sustainable
Infrastructure
UCITS Fund

30 June 2024
USD

30 June 2024
USD

30 June 2024
USD

Cash

266,031550,103

233,338

Bank overdraft
Total

(15)
266,016(17)550,086

233,338

Brookfield
Global Listed
Real Estate
UCITS FundBrookfield
Real Assets
Securities
UCITS FundBrookfield
Global Renewables
and Sustainable
Infrastructure
UCITS Fund

31 December 2023
USD

31 December 2023
USD

31 December 2023
USD

Cash

1,167,185

432,356

1,169,559

Bank overdraft
Total

1,167,185(5)
432,351

1,169,559

Brookfield
Global ListedCore Infrastructure
UCITS Fund

Cash
Total

30 June 2024
USD
164,432
164,432

As at 31 December 2023, the following were the cash balances:

Brookfield
Global ListedCore Infrastructure
UCITS Fund

Cash
Total

31 December 2023
USD
481,046
481,046

31

BROOKFIELD INVESTMENT FUNDS (UCITS) PLC

Notes to the financial statements for the financial period ended 30 June 2024 (continued)
6.

Net gains/(losses) on financial instruments at fair value through profit or loss and foreignexchange
For the financial period ended 30 June 2024

Realised
gains/(losses)
USD

Unrealised
gains/(losses)
USD(838,673)(14,336)(853,009)(3,812,055)(3,812,055)(3,247)(21,761)(3,837,063)(4,650,728)(4,650,728)(17,583)(17,583)(21,761)(21,761)(4,690,072)(4,690,072)

51,63561,361
25,414
138,410(536,889)(179,909)
22,220(5,108)(699,686)(485,254)(118,548)
47,634(5,108)(561,276)(333,167)(22,737)(355,904)(1,083,605)(22,737)(1,106,342)

68,78568,785(317,538)(7,803)(325,341)(248,753)(7,803)(256,556)

Realised
gains/(losses)
USD

Unrealised
gains/(losses)
USD

Total
USD

(13,713,186)
1,308,591(12,404,595)

14,589,211(140,807)(65,894)
14,382,510

876,025
1,167,784(65,894)
1,977,915(557,565)(38,872)(596,437)

663,503
65,346(2,079)726,770

105,938
26,474(2,079)130,333

19,830,450
15,574
19,846,024

295,554
15,574
311,128

255,212(1,452)
253,760

134,982(1,452)
133,530

Brookfield Global Listed Real Estate UCITS Fund
Common stocks
Forward currency contracts
Foreign exchange

Brookfield Real Assets Securities UCITS Fund
Common and preferred stocks
Corporate bonds
Investment fundForeign exchange

Brookfield Global Renewables and Sustainable Infrastructure UCITS Fund
Common stocks(750,438)
Foreign exchange(750,438)
Brookfield Global Listed Core Infrastructure UCITS Fund
Common stocks
Foreign exchange

For the financial period ended 30 June 2023

Brookfield Global Listed Real Estate UCITS Fund
Common stocks
Forward currency contracts
Foreign exchange

Brookfield Real Assets Securities UCITS Fund
Common and preferred stocks
Corporate bonds
Foreign exchange

Brookfield Global Renewables and Sustainable Infrastructure UCITS Fund
Common stocks(19,534,896)
Foreign exchange(19,534,896)
Brookfield Global Listed Core Infrastructure UCITS Fund
Common stocks
Foreign exchange(120,230)(120,230)

Total
USD

32

BROOKFIELD INVESTMENT FUNDS (UCITS) PLC

Notes to the financial statements for the financial period ended 30 June 2024 (continued)
7.

Related party and connected persons transactions
Parties are considered to be related if one party has the ability to control the other party or exercise
significant influence over the other party in making financial or operational decisions, or if the party is amember of the key management personnel of the entity or its parent.
Brookfield Public Securities Group LLC, as the Investment Manager, earned a fee of USD 551,775 forthe financial period (30 June 2023: USD 1,116,404) of which USD 151,042 (31 December 2023: USD
133,992) was payable at financial period end.
The Investment Manager Subsidy (capped fees) for the financial period amounted to USD 897,539 (30June 2023: USD 574,625). Fees reimbursements of USD 646,300 (31 December 2023: USD 162,075)
were receivable from the Investment Manager at financial period end.
Brookfield Asset Management Inc. and Brookfield Investment Management US Holdings LP are affiliatesof the Investment Manager and are deemed to be related parties. As at 30 June 2024 and 31 December
2023, these entities held the following redeemable participating shares in each of the sub-funds:

Fund name
Brookfield Global Listed Core Infrastructure
UCITS FundBrookfield Global Listed Core Infrastructure
UCITS FundBrookfield Renewables and Sustainable
Infrastructure UCITS FundBrookfield Real Assets Securities UCITS
Fund

Related Party
Brookfield Investment
Management US Holdings LP
Brookfield Investment
Management US Holdings LP
Brookfield Investment
Management US Holdings LP
Brookfield Asset Management Inc.

Share
Class

Quantity of
Shares Held
30 June 2024

Quantity of
Shares Held
31 December
2023

USD E

763,855

763,855

GBP O

50

-

GBP O

50

-

USD E

256,166-

On 14 March 2024 Brookfield Investment Management US Holdings LP purchased 50 shares of the
Brookfield Global Listed Core Infrastructure UCITS Fund and Brookfield Renewables and Sustainable
Infrastructure UCITS Fund. On 28 May 2024, Brookfield Investment Management US Holdings LP
purchased 256,129 shares of the Brookfield Real Assets Securities UCITS Fund.
Transactions with Connected Persons
The Central Bank UCITS Regulations states that any transaction carried out with a UCITS by amanagement company or Depositary to a UCITS; and the delegates or sub-delegates of such amanagement company or Depositary (excluding any non-group company sub-custodians appointed bya Depositary); and any associated or group company of such a management company, Depositary,delegate or sub-delegate (“connected person”) must be carried out as if conducted at arm’s length.
Transactions must be in the best interests of the shareholders.
The Manager is satisfied that there are arrangements (evidenced by written procedures) in place, toensure that the obligations set out in the Central Bank UCITS Regulations are applied to all transactions
with connected persons; and the Manager is satisfied that transactions with connected persons enteredinto during the financial period were carried out as if negotiated at arm’s length and in the best interestsof the Shareholders.

33

BROOKFIELD INVESTMENT FUNDS (UCITS) PLC

Notes to the financial statements for the financial period ended 30 June 2024 (continued)
8.

Risk Associated with Financial Instruments
The sub-funds utilise various methods to value investments measured at fair value on a recurring andnon-recurring basis. The fair value hierarchy is categorised into three levels based on the inputs asfollows:
Level 1 – Valuations based on quoted prices in active markets for identical assets or liabilities;
Level 2 – Valuations based on quoted prices in markets that are not active or for which all significant
inputs are observable, either directly (as prices) or indirectly (derived from prices); andLevel 3 – Valuations based on inputs that are unobservable and significant to the overall fair value
measurement.
Inputs are used in applying the various valuation techniques and broadly refer to the assumptions thatmarket participants use to make valuation decisions, including assumptions about risk. Inputs may
include price information, volatility statistics, specific and broad credit data, liquidity statistics, and otherfactors.
A financial instrument’s level within the fair value hierarchy is based on the lowest level of any input thatis significant to the fair value measurement. However, the determination of what constitutes ‘observable’requires significant judgment by Company management. Company management considers observabledata to be that market data which is readily available, regularly distributed or updated, reliable andverifiable, not proprietary, and provided by independent sources that are actively involved in the relevantmarket.
The categorisation of a financial instrument within the hierarchy is based upon the pricing transparencyof the instrument and does not necessarily correspond to Company management’s perceived risk ofthat instrument.
Fair value is a market-based measure considered from the perspective of a market participant rather
than an entity-specific measure. Therefore, even when market assumptions are not readily available,
Company management’s own assumptions are set to reflect those that market participants would use
in pricing the asset or liability at the measurement date. Company management uses prices and inputs
that are current as of the measurement date, including periods of market dislocation. In periods of market
dislocation, the observability of prices and inputs may be reduced for many securities. This condition
could cause a security to be reclassified to a lower level within the fair value hierarchy.
The following tables summarise the inputs used to value the sub-funds’ financial instruments measured
at fair value on a recurring and non-recurring basis as at 30 June 2024 and 31 December 2023:
Brookfield Global Listed Real Estate UCITS Fund
30 June 2024
Financial assets at fair value through profit orloss
Investments in transferable securities, at fair value- Common stocks

Financial liabilities at fair value through profit orloss
Investments in financial derivative instruments- Forward exchange contracts(Level 1)
USD(Level 2)
USD(Level 3)
USD

Total
USD

30,863,834
30,863,834--

30,863,834
30,863,834-(1,324)(1,324)-(1,324)(1,324)34

BROOKFIELD INVESTMENT FUNDS (UCITS) PLC

Notes to the financial statements for the financial period ended 30 June 2024 (continued)
8.

Risk Associated with Financial Instruments (continued)
Brookfield Real Assets Securities UCITS Fund
30 June 2024
Financial assets at fair value through profit orloss
Investments in transferable securities, at fair value- Common stocks- Preferred stocks- Corporate bonds- Investment funds

Brookfield Global Renewables and Sustainable
Infrastructure UCITS Fund
30 June 2024

(Level 1)
USD(Level 2)
USD(Level 3)
USD

Total
USD

6,555,154
321,676
408,0817,284,911

1,014,123
1,014,123-

6,555,154
321,676
1,014,123
408,0818,299,034(Level 1)
USD(Level 2)
USD(Level 3)
USD

Total
USD

36,288,767
36,288,767--

36,288,767
36,288,767(Level 1)
USD(Level 2)
USD(Level 3)
USD

Total
USD

21,010,405
21,010,405--

21,010,405
21,010,405(Level 1)
USD(Level 2)
USD(Level 3)
USD

Total
USD

108,779,481--

108,779,481

108,779,481

1,679
1,679

-

1,679
108,781,160

-

(1)
(1)

-

(1)
(1)

Financial assets at fair value through profit orloss
Investments in transferable securities, at fair value- Common stocks

Brookfield Global Listed Core Infrastructure
UCITS Fund
30 June 2024
Financial assets at fair value through profit orloss
Investments in transferable securities, at fair value- Common stocks

Brookfield Global Listed Real Estate UCITS Fund
31 December 2023
Financial assets at fair value through profit orloss
Investments in transferable securities, at fair value- Common stocks
Investments in financial derivative instruments- Forwards exchange contracts

Financial liabilities at fair value through profit orloss
Investments in financial derivative instruments- Forward exchange contracts

35

BROOKFIELD INVESTMENT FUNDS (UCITS) PLC

Notes to the financial statements for the financial period ended 30 June 2024 (continued)
8.

Risk Associated with Financial Instruments (continued)
Brookfield Real Assets Securities UCITS Fund
31 December 2023
Financial assets at fair value through profit orloss
Investments in transferable securities, at fair value- Common stocks- Preferred stocks- Corporate bonds- Investment funds

Brookfield Global Renewables and Sustainable
Infrastructure UCITS Fund
31 December 2023

(Level 1)
USD(Level 2)
USD(Level 3)
USD

Total
USD

16,666,057
871,380
648,383
18,185,820

4,439,869
4,439,869-

16,666,057
871,380
4,439,869
648,383
22,625,689(Level 1)
USD(Level 2)
USD(Level 3)
USD

Total
USD

39,123,219
39,123,219--

39,123,219
39,123,219(Level 1)
USD(Level 2)
USD(Level 3)
USD

Total
USD

22,369,938
22,369,938--

22,369,938
22,369,938

Financial assets at fair value through profit orloss
Investments in transferable securities, at fair value- Common stocks

Brookfield Global Listed Core Infrastructure
UCITS Fund
31 December 2023
Financial assets at fair value through profit orloss
Investments in transferable securities, at fair value- Common stocks

The sub-funds did not invest in any Level 3 securities during the financial periods ended 30 June 2024
and 31 December 2023 and there were no transfers in or out of Level 1, Level 2, and Level 3.
For each class of assets and liabilities not measured at fair value in the Statement of Financial Position
but for which fair value is disclosed, IFRS 13 requires the Company to disclose the level within the fairvalue hierarchy which the fair value measurement would be categorised and a description of thevaluation technique and inputs used in the technique. Cash at bank is classified as Level 1. All otherassets and liabilities are short term financial assets and liabilities, carried at cost but for which fair value
is disclosed and are classified as Level 2, as this reflects a reasonable approximation of their fair valueon the Statement of Financial Position.

36

BROOKFIELD INVESTMENT FUNDS (UCITS) PLC

Notes to the financial statements for the financial period ended 30 June 2024 (continued)
8.

Risk Associated with Financial Instruments (continued)
Valuation Techniques
When fair values of listed equities and publicly traded derivatives at the reporting date are based onquoted market prices or binding dealer price quotations, without any deduction for transaction costs, theinstruments are included within Level 1 of the hierarchy. Debt Securities valued at the bid price provided
by recognised investment dealers are included in Level 2 of the hierarchy.
The Company uses widely recognised valuation models for determining fair values of over-the-counter
derivatives. For these financial instruments, inputs into models are market observable and are therefore
included within Level 2.
The fair values of currency exchange contracts (forward currency contracts) are calculated by reference
to current exchange rates for contracts with similar maturity and risk profiles.
Market Price Risk
Set out below is a description of risks and an outline of the processes the Investment Manager has
implemented to assess, monitor and control these specific risks:Market price risk is the risk that the fair value of financial instruments (i.e., bonds, equities and otherinvestments) or their future cash flows will fluctuate because of changes in market prices and includes
currency risk and interest rate risk. The Company’s market risk management strategy is driven by theinvestment objectives of each of the sub-funds. The sub-funds are actively managed.
The following specific processes are in place to control market risk:

 Market risk for all sub-funds is assessed by the Investment Manager in the context of the total
portfolio being managed, where financial derivative instruments are included on a fully paid up
exposure basis;

 Consideration is given to basis risk (the risk that the financial derivative instrument will not movein line with the physical position) where appropriate; Restrictions on gearing of portfolios are in place (as defined in the Company’s Prospectus).
Financial derivative instruments cannot be used to circumvent these restrictions; Net exposures of a sub-fund to an asset class, including the delta weighted exposure of derivative
instruments are restricted by the Company’s investment guidelines;
In the case of use of financial derivative instrument positions to achieve exposure, the sub-funds holdsufficient cash or appropriate equivalent to meet potential obligations arising from the net derivative
position. In the case of derivative positions to remove exposure, the sub-funds hold assets, which areconsidered a reasonable hedge.
The Company is exposed to market risk, (which includes the risk of market fluctuations, currency risk,interest rate risk and portfolio management risk), liquidity risk and credit risk arising from the financial
instruments it holds. The Company may use derivatives and other instruments in connection with its risk
management activities.

37

BROOKFIELD INVESTMENT FUNDS (UCITS) PLC

Notes to the financial statements for the financial period ended 30 June 2024 (continued)
8.

Risk Associated with Financial Instruments (continued)
Market Price Risk (continued)
The Company has investment guidelines that set out its overall business strategies, its tolerance for risk
and its general risk management philosophy and has established processes to monitor and control
economic hedging transactions in a timely and accurate manner. The Company’s accounting policies inrelation to derivatives are set out in note 2 to the financial statements and the Company has a Risk
Management Process in place for the use of financial derivative investments which has been approvedby the Board and the Central Bank of Ireland.
As at 30 June 2024 a 5% increase or decrease in the market prices of the underlying instruments would
have increased or decreased the net assets attributable to holders of redeemable shares by the amounts
shown below, on the basis that all other variables remained constant. The Investment Manager
considers this movement to be a reasonable size of movement to use as an indicator of the size ofmarket price move a sub-fund might experience.

Brookfield Global Listed Real Estate UCITS FundBrookfield Real Assets Securities UCITS FundBrookfield Global Renewables and Sustainable Infrastructure UCITS FundBrookfield Global Listed Core Infrastructure UCITS Fund

30 June 2024
USD
1,543,192
414,952
1,814,438
1,050,520

Brookfield Global Listed Real Estate UCITS FundBrookfield Real Assets Securities UCITS FundBrookfield Global Renewables and Sustainable Infrastructure UCITS FundBrookfield Global Listed Core Infrastructure UCITS Fund

31 December 2023
USD
5,438,974
1,131,284
1,956,161
1,118,497

Interest Rate Risk
Interest rate risk is the risk that the value of a financial instrument will fluctuate because of changes inmarket interest rates.
The majority of the Company’s financial assets and liabilities and financial derivatives are non-interest
bearing and therefore are not exposed to interest rate risk. Brookfield Real Assets Securities UCITS
Fund has investments in corporate bonds which are subject to interest rate risk.
The table below summarises the maturity periods for interest-bearing securities held by Brookfield Real
Assets Securities UCITS Fund as at 30 June 2024.

Corporate bonds
Common stocks
Preferred stock
Investment funds
Other assets
Total assets
Other liabilities
Total liabilities
Total Net Assets

Up to 1
year
USD
-

1-5
years
USD
361,631361,631Over
5 years
USD
652,492
652,492

Noninterest
bearing
USD6,555,154
321,676
408,081780,391
8,065,302

Total
USD
1,014,123
6,555,154
321,676
408,081780,391
9,079,425---

128,883
128,883

128,883
128,883
8,950,542

38

BROOKFIELD INVESTMENT FUNDS (UCITS) PLC

Notes to the financial statements for the financial period ended 30 June 2024 (continued)
8.

Risk Associated with Financial Instruments (continued)
Interest Rate Risk (continued)
The table below summarises the maturity periods for interest-bearing securities held by Brookfield Real
Assets Securities UCITS Fund as at 31 December 2023.

Corporate bonds
Common stocks
Preferred stock
Investment funds
Other assets
Total assets
Other liabilities
Total liabilities
Total Net Assets

Up to 1
year
USD
-

1-5
years
USD
2,139,306
2,139,306Over
5 years
USD
2,300,563
2,300,563

Noninterest
bearing
USD
16,666,057
871,380
648,383
606,742
18,792,562

Total
USD
4,439,869
16,666,057
871,380
648,383
606,742
23,232,431

-

-

-

77,89377,89377,89377,89323,154,538

As at 30 June 2024, a 100 basis points change in interest rates would have an impact on net assets
attributable to holders of redeemable shares and cause an increase/decrease in net assets attributable
to holders of redeemable shares of USD 10,141 (31 December 2023: USD 44,399) for Brookfield Real
Assets Securities UCITS Fund.
The interest rate sensitivity provided above represents a hypothetical outcome and is not intended to bepredictive. Market conditions, and therefore future interest rates, could vary significantly from thatsuggested.
In accordance with the Company's policy, the Investment Manager monitors the Company's overall
interest rate sensitivity on a continuous basis, and the Board reviews it on a quarterly basis.
Foreign Currency Risk
Currency risk is the risk that the fair value or future cash flows of a financial instrument will fluctuatebecause of changes in foreign exchange rates. The income and capital value of the Company’s
investments can be significantly affected by currency translation movements as the majority of theCompany’s assets could be denominated in currencies other than base currency. The fluctuations in therate of exchange between the currency in which the asset or liability is denominated and the functional
currency could result in an appreciation or depreciation in the fair value of that asset.

39

BROOKFIELD INVESTMENT FUNDS (UCITS) PLC

Notes to the financial statements for the financial period ended 30 June 2024 (continued)
8.

Risk Associated with Financial Instruments (continued)
Foreign Currency Risk
The tables that follows analyse the net amount of monetary and non-monetary assets and liabilities heldby each sub-fund at the balance sheet date denominated in currencies other than USD, the functional
currency as at 30 June 2024 and 31 December 2023.
Brookfield Global Listed Real Estate UCITS Fund
30 June 2024

AUD
CAD
CHF
EUR
GBP
HKD
JPY
SEK
SGD

Total
Investments
USD
1,607,740
372,106
2,254,617
1,627,809
531,601
2,686,690
326,960
968,321

Other
Net
Assets/(Liabilities)
USD
34,169612
3,956
133,873
14,514
17,327-

Net Foreign
Currency
Derivatives
USD
(3)
(1)
-

Net
Exposure
USD
1,641,909
372,718
3,956
2,388,487
1,627,808
546,115
2,704,017
326,960
968,321

A strengthening of the USD against the currencies in the previous table would have resulted in losses
to the amounts shown below. A weakening of the USD against these currencies would have resulted inan equal but opposite effect.
Sensitivity analysis of Net Exposure
USD
5%529,01431 December 2023

AUD
CAD
EUR
GBP
HKD
JPY
SGD

Total
Investments
USD
5,305,746
4,103,627
10,740,605
5,000,062
4,362,363
8,696,625
1,967,260

Other
Net
Assets/(Liabilities)
USD
60,193
5,741
132,540(37,764)-

Net Foreign
Currency
Derivatives
USD
-

Net
Exposure
USD
5,365,939
4,109,368
10,873,145
5,000,062
4,362,363
8,658,861
1,967,260

A strengthening of the USD against the currencies in the previous table would have resulted in losses
to the amounts shown below. A weakening of the USD against these currencies would have resulted inan equal but opposite effect.
Sensitivity analysis of Net ExposureUSD
5%2,016,849

40

BROOKFIELD INVESTMENT FUNDS (UCITS) PLC

Notes to the financial statements for the financial period ended 30 June 2024 (continued)
8.

Risk Associated with Financial Instruments (continued)
Foreign Currency Risk (continued)
Brookfield Real Assets Securities UCITS Fund
30 June 2024

AUD
BRL
CAD
CHF
DKK
EUR
GBP
HKD
JPY
MXN
NZD
SEK
SGD

Total
Investments
USD
284,50299,829334,203
29,855536,750
322,959
197,289
327,142
65,43366,64426,35876,479

Other
Net
Assets/(Liabilities)
USD
6,199
1,828
1,134
313
17,355
5,208
5,477
2,130
-

Net Foreign
Currency
Derivatives
USD
-

Net
Exposure
USD
290,701
99,829336,031
1,134
30,168554,105
328,167
202,766
329,272
65,43366,64426,35876,479A strengthening of the USD against the currencies in the previous table would have resulted in losses
to the amounts shown below. A weakening of the USD against these currencies would have resulted inan equal but opposite effect.
Sensitivity analysis of Net Exposure
USD
120,3545%

31 December 2023

AUD
BRL
CAD
DKK
EUR
GBP
HKD
JPY
MXN
NZD
SGD

Total
Investments
USD
679,942
265,431653,590
1,356,211
719,446
609,068
767,456
184,655
147,584
128,369

Other
Net
Assets/(Liabilities)
USD
10,3232,385
326
13,077
5,633(3,514)-

Net Foreign
Currency
Derivatives
USD
-

Net
Exposure
USD
690,265
265,431655,975326
1,369,288
725,079
609,068
763,942
184,655
147,584
128,369

A strengthening of the USD against the currencies in the previous table would have resulted in losses
to the amounts shown below. A weakening of the USD against these currencies would have resulted inan equal but opposite effect.

5%

Sensitivity analysis of Net Exposure
USD
276,998

41

BROOKFIELD INVESTMENT FUNDS (UCITS) PLC

Notes to the financial statements for the financial period ended 30 June 2024 (continued)
8.

Risk Associated with Financial Instruments (continued)
Foreign Currency Risk (continued)
Brookfield Global Renewables and Sustainable Infrastructure UCITS Fund
30 June 2024

BRL
CAD
CHF
DKK
EUR
GBP
NZD

Total
Investments
USD
1,629,004
3,608,620
1,066,022
9,688,310
3,090,853
1,008,039

Other
Net
Assets/(Liabilities)
USD
4,886
23,925399,978
81,575-Net Foreign
Currency
Derivatives
USD
-

Net
ExposureUSD
1,629,004
3,608,620
4,886
1,089,947
10,088,288
3,172,428
1,008,039

A strengthening of the USD against the currencies in the previous table would have resulted in losses
to the amounts shown below. A weakening of the USD against these currencies would have resulted inan equal but opposite effect.
Sensitivity analysis of Net Exposure
USD
5%
1,030,059

31 December 2023

BRL
CAD
DKK
EUR
GBP
NZD

Total
Investments
USD
1,902,242
3,696,761
923,5029,659,901
5,222,392
1,156,106

Other
Net
Assets/(Liabilities)
USD
5,561
24,674
341,981
51,409-Net Foreign
Currency
Derivatives
USD
-

Net
ExposureUSD
1,907,803
3,696,761
948,176
10,001,882
5,273,801
1,156,106

A strengthening of the USD against the currencies in the previous table would have resulted in losses
to the amounts shown below. A weakening of the USD against these currencies would have resulted inan equal but opposite effect.
Sensitivity analysis of Net Exposure
USD
5%1,149,226

42

BROOKFIELD INVESTMENT FUNDS (UCITS) PLC

Notes to the financial statements for the financial period ended 30 June 2024 (continued)
8.

Risk Associated with Financial Instruments (continued)
Foreign Currency Risk (continued)
Brookfield Global Listed Core Infrastructure UCITS Fund
30 June 2024

AUD
BRL
CAD
CHF
DKK
EUR
GBP
HKD
JPY
MXN
NZD

Total
Investments
USD
1,020,414
637,425
1,302,858
191,051
2,338,802
1,230,436
1,041,721
715,318
428,529435,929

Other
Net
Assets/(Liabilities)
USD
22,331
7,566
2,824
24,50032,04525,4881,200-

Net Foreign
Currency
Derivatives
USD
-

Net
Exposure
USD
1,042,745
637,425
1,310,424
2,824
191,051
2,363,302
1,262,481
1,067,209
716,518
428,529435,929

A strengthening of the USD against the currencies in the previous table would have resulted in losses
to the amounts shown below. A weakening of the USD against these currencies would have resulted inan equal but opposite effect.
Sensitivity analysis of Net ExposureUSD
5%472,92031 December 2023

AUD
BRL
CAD
EUR
GBP
HKD
JPY
MXN
NZD

Total
Investments
USD
1,207,504
864,6101,401,083
2,295,110
1,353,979
1,096,743
680,124738,601
521,802

Other
Net
Assets/(Liabilities)
USD(231,313)(210,606)(373,138)(563,500)(321,892)(258,919)(173,663)(181,069)(110,400)

Net Foreign
Currency
Derivatives
USD
-

Net
Exposure
USD
976,191
654,004
1,027,945
1,731,610
1,032,087
837,824
506,461
557,532
411,402

A strengthening of the USD against the currencies in the previous table would have resulted in losses
to the amounts shown below. A weakening of the USD against these currencies would have resulted inan equal but opposite effect.
Sensitivity analysis of Net Exposure
USD5%
386,753

43

BROOKFIELD INVESTMENT FUNDS (UCITS) PLC

Notes to the financial statements for the financial period ended 30 June 2024 (continued)
8.

Risk Associated with Financial Instruments (continued)
Liquidity Risk
Liquidity risk is the risk that an entity will encounter difficulty in realising assets or in meeting obligations
associated with financial liabilities as they fall due, including meeting daily redemptions of participating
shares. The Investment Manager seeks to mitigate this liquidity risk by ensuring that a reasonableportion of the sub-funds’ investments trade in active markets and can be sold readily.
There can be no assurance that an adequate market for the investments will exist at all times, or thatthe prices at which the investments trade accurately reflect their fair value. Low trading volumes of theinvestments could also make it difficult to liquidate holdings quickly.
As required by IFRS 7, the sub-funds’ financial liabilities should be categorised into relevant maturity
groupings based on the remaining period as at 30 June 2024 and 31 December 2023 to the contractual
maturity date. However, as all liabilities mature in less than one year from the balance sheet date forboth 30 June 2024 and 31 December 2023, this analysis is not required in this instance. In accordancewith the Company’s policy, the Investment Manager monitors the Company’s overall liquidity risk on acontinuous basis.
Credit risk
Credit risk is the risk that one party to a financial instrument will cause financial loss to another party byfailing to discharge an obligation. It is the Company’s policy to enter into financial transactions with arange of reputable counterparties thus diversifying the credit risk. Therefore, the Company does notexpect to incur material credit losses on its financial instruments.
With respect to Financial Derivative Instruments (FDIs), credit risk arises from the potential failure ofcounterparties to meet their obligations under the contract or arrangement.
The table below contains the debt securities' percentage of NAV breakdown by rating held by:
Brookfield Real Assets Securities UCITS Fund
RatingA
BBB
BB
Not Rated

30 June 2024 (%)
2
5
5
0*

*Not Rated actual percentage is 0.12%
Brookfield Real Assets Securities UCITS Fund
Rating
A
AA
BBB
BB
B

31 December 2023 (%)
4
0*
10
6
1

*AA actual percentage is 0.19%.
The Company is exposed to credit risk on cash held with the Depositary. Bankruptcy or insolvency of
the Depositary may cause the Company’s rights with respect to securities held by CACEIS Bank, Ireland
Branch to be delayed or limited. The Company monitors its risk by monitoring the credit quality andfinancial position of CACEIS Bank, Ireland Branch.

44

BROOKFIELD INVESTMENT FUNDS (UCITS) PLC

Notes to the financial statements for the financial period ended 30 June 2024 (continued)
8.

Risk Associated with Financial Instruments (continued)
Credit risk (continued)
As at 30 June 2024, CACEIS Bank, Ireland Branch has a credit rating of A+ with Standard and Poor's("S&P") (CACEIS Investor Services Bank S.A as at 31 December 2023: A+). The Investment Manager
regularly reviews concentrations of credit risk.
Financial Derivative Instruments
The Investment Manager has assessed the risk profile of the Company and the related sub-funds on thebasis of the investment policy, strategy and the use of financial derivative instruments. Based on the risk
profile, the Investment Manager has determined that the method for the calculation of the global exposure
to financial derivative instruments for all sub-funds will be the commitment approach, where the sub-fundholds financial derivative instruments.
Efficient Portfolio Management
The Company may, within the conditions and limits laid down by the Central Bank of Ireland, for the
purpose of efficient portfolio management specifically for currency hedging, enter into a variety ofderivative instruments including, but not limited to, options, index futures and financial futures. The
Company may also purchase or sell spot or forward currency contracts predominantly for the purposeof providing protection against exchange rate risk.
Furthermore, the Company may, for efficient portfolio management, enter into CFD - Equities with one
or more counterparties subject to the conditions and limits set out in the Regulations.
Each sub-fund may also utilise derivative instruments for investment purposes and details of such
instruments used and the specific strategies for which such instruments are employed in this context
will be set out in the applicable Supplement. ‘Efficient Portfolio Management’, for these purposes, means
an investment decision involving transactions that are entered into for one or more of the following
specific aims:

a reduction of risk;a reduction of cost; andthe generation of additional capital or income for the sub-fund with an appropriate level of risk,taking into account the risk profile of the sub-fund and the general provisions of the Regulations.

The Company will employ a risk management process which will enable it to accurately manage, monitor
and measure the risks attached to derivative positions and details of this process have been provided
to the Central Bank. The Company will not utilise derivative positions which have not been included in
the risk management process until such time as a revised risk management process has been submitted
and cleared by the Central Bank. The Company will provide on request to shareholders supplementary
information relating to the risk management methods employed by the Company including thequantitative limits that are applied and any recent developments in the risk and yield characteristics ofthe main categories of investments of the relevant sub-fund.
The realised and unrealised gains/(losses) arising from the derivative transactions were presented in
the Statements of Comprehensive Income under the position 'Net realised and unrealised gain/(loss) on
financial assets and liabilities at fair value through profit or loss' and in the corresponding note 6.

45

BROOKFIELD INVESTMENT FUNDS (UCITS) PLC

Notes to the financial statements for the financial period ended 30 June 2024 (continued)
8.

Risk Associated with Financial Instruments (continued)
Efficient Portfolio Management (continued)
As further detailed in note 9, in seeking to hedge part of the currency risk exposure in the core portfolio
for Brookfield Global Listed Real Estate UCITS Fund forward currency contracts were utilised as at thefinancial period end.
The exposure obtained through efficient portfolio management is equivalent to the value of the forward
currency contracts held as at the financial period end. The counterparty in relation to the forward
currency contracts as at 30 June 2024 is CACEIS Bank, Ireland Branch (31 December 2023: CACEISIS Bank Luxembourg).
There were no netting agreements in place for financial period ended 30 June 2024 (none for 31
December 2023). As a result requirements of IFRS 7 to disclose offsetting requirements for financial
assets and liabilities have no impact on current disclosures in the Company’s financials.

9.

Forward Currency Contracts
Brookfield Global Listed Real Estate UCITS Fund
30 June 2024
Settlement/
Maturity Date
31 July 2024
31 July 2024
31 July 2024
31 July 2024

Counterparty

BoughtAmountSold

AmountCACEIS BankCACEIS BankCACEIS BankCACEIS Bank

GBP
EUR
USD
USD

126,810265,196
3,566
1,893

USD
USD
EUR
GBP

(160,910)(285,203)(3,328)(1,498)Counterparty

BoughtAmountSold

Amount

EUR
GBP
GBP
EUR

276,751
129,980
3,020
6,288

USD
USD
USD
USD

(305,009)(164,955)(3,851)(6,950)

Unrealised
Gain/(Loss)
(578)
(742)
(3)
(1)
(1,324)31 December 2023
Settlement/
Maturity Date
31 January 2024
31 January 2024
31 January 2024
31 January 2024

CACEIS IS Bank Luxembourg
CACEIS IS Bank Luxembourg
CACEIS IS Bank Luxembourg
CACEIS IS Bank Luxembourg

Unrealised
Gain/(Loss)
928
750
(1)
1
1,678

46

BROOKFIELD INVESTMENT FUNDS (UCITS) PLC

Notes to the financial statements for the financial period ended 30 June 2024 (continued)
10.

Exchange Rates
The exchange rate to United States Dollar used in the preparation of these financial statements was:11.

Currency
AUD - Australian Dollar
BRL - Brazilian RealCAD - Canadian Dollar
CHF - Swiss FrancDKK – Danish Krone
EUR – Euro
GBP - Great British Pound

30 June 2024
0.6671000.178888
0.730967
1.113028
0.143598
1.070950
1.264100

Currency
HKD - Hong Kong Dollar
JPY - Japanese Yen
MXN - New Mexican Peso
NZD - New Zealand Dollar
SEK – Swedish Krone
SGD - Singapore Dollar

30 June 2024
0.128057
0.006215
0.054660
0.609100
0.094349
0.737463

Currency
AUD - Australian Dollar
BRL - Brazilian RealCAD - Canadian Dollar
CLP - Chilian Peso
DKK – Danish Krone
EUR – Euro
GBP - Great British Pound

31 December 2023
0.681450
0.205863
0.754689
0.001135
0.148089
1.103950
1.274650

Currency
HKD - Hong Kong Dollar
JPY - Japanese Yen
MXN - New Mexican Peso
NZD - New Zealand Dollar
SEK – Swedish Krone
SGD - Singapore Dollar

31 December 2023
0.128066
0.007092
0.058889
0.632150
0.099147
0.757719

Share Capital and Redeemable Participating Shares
The authorised share capital of the Company is 100,000,000,000 Shares of no par value and 500,000
Subscriber Shares of USD 1 each. The Subscriber Shares do not entitle the holders to any dividend andon a winding up entitle the holder to receive the amount paid up thereon but not otherwise to participate
in the assets of the Company.
The Company may by ordinary resolution of all shareholders increase its authorised share capital,
consolidate and divide all or any of its share capital into shares of larger amount or sub-divide its sharesor any of them into shares of smaller amount. The Company may, by special resolution of allshareholders, reduce its issued share capital.
Each holder of Subscriber Shares is entitled to attend and vote at any general meeting provided thatany holder of Subscriber Shares shall not be entitled to vote at any such general meeting at any timethat Shares in issue are held by two or more shareholders.
The rights attached to any class of Share may, whether or not the Company is being wound up, bevaried or abrogated with the consent in writing of the holders of 75% of the issued Shares of that classor with the sanction of a special resolution passed at a separate general meeting of the holders of theshares of that class. The provisions of the Articles relating to general meetings shall apply to every suchseparate general meeting but the necessary quorum at any such meeting shall be two persons holding
or representing by proxy at least one third of the issued Shares of the class in question. Any holder of
Shares of the class in question present in person or by proxy may demand a poll.

12.

Soft Commission Arrangements
For the financial periods ended 30 June 2024 and 31 December 2023, the Investment Manager received
soft commissions from brokers/dealers in consideration for directing dealings in the investments of the
sub-funds. These soft commissions were in the form of goods and services such as subscriptions toresearch services which are of demonstrable benefits to shareholders.

47

BROOKFIELD INVESTMENT FUNDS (UCITS) PLC

Notes to the financial statements for the financial period ended 30 June 2024 (continued)
13.

Net Asset Value
Brookfield Global Listed Real Estate UCITS FundNet Assets for Shareholder
dealing/prospectus

30 June 2024

31 December 2023

31 December 2022

USD 31,079,336

USD 110,138,374

USD 198,114,165--

EUR 15.14

Net Asset Value per Share:
Net Asset Value Per Share A* ClassNet Asset Value Per Share AA** Class--

GBP 13.86

Net Asset Value Per Share B Class

EUR 44.62

EUR 45.49

EUR 44.14

Net Asset Value Per Share E Class

USD 35.49

USD 37.31

USD 35.10

Net Asset Value Per Share F Class

USD 16.01

USD 17.16

USD 16.82

Net Asset Value Per Share I Class1

EUR 17.30

EUR 18.35

EUR 17.68

Net Asset Value Per Share V Class

USD 18.53

USD 19.55

USD 18.56

Net Asset Value Per Share W Class

USD 14.11

USD 15.20

USD 15.02

Net Asset Value Per Share Z Class1

GBP 17.19

GBP 18.10

GBP 16.99* Class A share class terminated on 26 January 2023.
** Class AA share class terminated on 20 April 2023.
1
Hedged Share Class.

Brookfield Real Assets Securities UCITS FundNet Assets for Shareholder
dealing/prospectus

30 June 2024

31 December 2023

31 December 2022

USD 8,950,542

USD 23,154,538

USD 29,053,498

USD 27.37

USD 27.54

USD 26.24

Net Asset Value per Share:
Net Asset Value Per Share E Class

Brookfield Global Renewables and Sustainable Infrastructure UCITS Fund
30 June 2024

31 December 2023

31 December 2022

USD 36,985,568

USD 40,092,051

USD 215,420,402

Net Asset Value Per Share B Class

EUR 20.60

EUR 20.18

EUR 21.44

Net Asset Value Per Share E Class

USD 21.03

USD 21.25

USD 21.88

Net Asset Value Per Share F Class

USD 14.92

USD 15.54

USD 16.46

Net Asset Value Per Share O Class*

GBP 20.88--

Net Asset Value Per Share V Class

USD 16.87

USD 17.13

USD 17.81

Net Assets for Shareholder
dealing/prospectus
Net Asset Value per Share:* Class O share class was launched on 14 March 2024.

48

BROOKFIELD INVESTMENT FUNDS (UCITS) PLC

Notes to the financial statements for the financial period ended 30 June 2024 (continued)
13.

Net Asset Value (continued)
Brookfield Global Listed Core Infrastructure UCITS Fund
30 June 2024

31 December 2023

31 December 2022

USD 21,351,894

USD 22,802,410

USD 16,586,923

Net Asset Value Per Share B Class

EUR 23.05

EUR 22.40

EUR 22.54

Net Asset Value Per Share E Class

USD 20.84

USD 20.87

USD 20.37

Net Asset Value Per Share O Class*

GBP 20.54--

Net Assets for Shareholder
dealing/prospectus
Net Asset Value per Share:* Class O share class was launched on 14 March 2024.

The net assets value in the financial statements as at 30 June 2024 differs from that included in the
published valuations as at 30 June 2024. This is due to the difference in methodology in accounting fororganisation costs as prescribed by IFRS and the methodology indicated in the sub-fund Supplement
to Prospectus.
Brookfield Global Renewables and Sustainable Infrastructure UCITS Fund

Total Net Assets for financial statement purposes

30 June 2024

31 December 2023

USD 36,973,599

USD 40,077,525

USD 11,969

USD 14,526

USD 36,985,568

USD 40,092,051

Adjustment for unamortised organisation costs
Total Net Assets for Shareholder dealing/prospectus

Brookfield Global Listed Core Infrastructure UCITS Fund

Total Net Assets for financial statement purposes

30 June 2024

31 December 2023

USD 21,342,746

USD 22,790,968

USD 9,148

USD 11,442

USD 21,351,894

USD 22,802,410

Adjustment for unamortised organisation costs
Total Net Assets for Shareholder dealing/prospectus

14.

Significant Events during the Financial Period
Brookfield Global Renewables and Sustainable Infrastructure UCITS Fund and Brookfield Global ListedCore Infrastructure UCITS Fund Class O share class launched on 14 March 2024.
David Levi resigned on the 31 March 2024 as a director of the company.
On 31 May 2024, CACEIS Investor Services Bank S.A., Dublin Branch - the Depositary of the Company- legally merged into CACEIS Bank, Ireland Branch; and CACEIS Investor Services Ireland Limited - theAdministrator of the Company - legally merged into CACEIS Ireland Limited. As such, from this date,
the Company’s Depositary and Administrator is CACEIS Bank, Ireland Branch and CACEIS Ireland
Limited respectively.
There were no other significant events during the financial period.

49

BROOKFIELD INVESTMENT FUNDS (UCITS) PLC

Notes to the financial statements for the financial period ended 30 June 2024 (continued)
15.

Significant Events after the Financial Period
There were no significant events after the financial period.

16.

Changes to the Prospectus
There were no material changes to the Prospectus during the financial period ended 30 June 2024.

17.

Approval of Financial Statements
The Board approved the financial statements on 27 August 2024.

50

BROOKFIELD INVESTMENT FUNDS (UCITS) PLC
BROOKFIELD GLOBAL LISTED REAL ESTATE UCITS FUNDSCHEDULE OF INVESTMENTS AS AT 30 June 2024
Value
Security

USD

% net
assets37,482
229,350
131,640

279,547
611,998
366,197
1,257,742

0.9
1.9
1.2
4.0

15,098349,998
349,998
1,607,740

1.1
1.1
5.1

3,071
24,569158,213
213,893372,106
372,106

0.5
0.7
1.2
1.2

4,402

405,196405,196

1.3
1.3

8,472

667,053
667,053
1,072,249

2.1
2.1
3.4

15,57017,720224,275
506,502730,777
730,777

0.7
1.6
2.3
2.3

61,455

531,601
531,601

1.7
1.7

Shares1) INVESTMENTS
A) TRANSFERABLE SECURITIES ADMITTED TO AN OFFICIAL STOCK EXCHANGE LISTING
1) LISTED SECURITIES : COMMON STOCKSAUSTRALIA (31 December 2023: 4.9%)
Diversified
Charter Hall GroupGPT Group
Stockland
Total Diversified
Industrial
Goodman Group
Total Industrial
TOTAL AUSTRALIACANADA (31 December 2023: 3.7%)
Residential
Boardwalk Real Estate Investment TrustInterRent Real Estate Investment Trust
Total Residential
TOTAL CANADAFRANCE (31 December 2023: 2.5%)
OfficeGecina SA
Total Office
RetailUnibail-Rodamco-Westfield
Total Retail
TOTAL FRANCEGERMANY (31 December 2023: 3.8%)
Residential
TAG Immobilien AG
Vonovia SE
Total Residential
TOTAL GERMANY

HONG KONG (31 December 2023: 4.0%)
Diversified
Sun Hung Kai Properties Ltd.
Total Diversified

51

BROOKFIELD INVESTMENT FUNDS (UCITS) PLC
BROOKFIELD GLOBAL LISTED REAL ESTATE UCITS FUNDSCHEDULE OF INVESTMENTS AS AT 30 June 2024 (continued)
Value
SharesUSD% net
assets93,100300,713300,713
832,314

1.0
1.0
2.7

144
206
33,968326,683
76,439226,643
629,765

1.1
0.2
0.7
2.0

Hotel
Invincible Investment Corp.
Total Hotel

969

392,683
392,683

1.3
1.3

Industrial
Mitsubishi Estate Logistics REIT Investment Corp.
Total Industrial

92

217,863
217,863

0.7
0.7

21,756
90,166

340,762
822,977
1,163,739

1.1
2.6
3.7

143

282,640
282,640
2,686,690

0.9
0.9
8.6

26,487

451,591
451,591
451,591

1.5
1.5
1.5

222,291

295,077
295,0770.9
0.9

461,070

673,244673,244968,321

2.2
2.2
3.1

Security
OfficeHongkong Land Holdings Ltd.
Total Office
TOTAL HONG KONG

JAPAN (31 December 2023: 7.9%)
Diversified
Activia Properties Inc.
Star Asia Investment Corp.
Tokyu Fudosan Holdings Corp.
Total Diversified

OfficeMitsubishi Estate Co. Ltd.
Mitsui Fudosan Co. Ltd.
Total Office
Residential
Comforia Residential Real Estate Investment Trust Inc.
Total Residential
TOTAL JAPANNETHERLANDS (31 December 2023: 1.0%)
Industrial
CTP NV
Total Industrial
TOTAL NETHERLANDSSINGAPORE (31 December 2023: 1.8%)
Data Centers
Keppel DC REIT
Total Data Centers
Diversified
CapitaLand Integrated Commercial Trust
Total Diversified
TOTAL SINGAPORE

52

BROOKFIELD INVESTMENT FUNDS (UCITS) PLC
BROOKFIELD GLOBAL LISTED REAL ESTATE UCITS FUNDSCHEDULE OF INVESTMENTS AS AT 30 June 2024 (continued)
Value
Security

SharesUSD% net
assets

SWEDEN (31 December 2023: 0.0%)
Residential
Fastighets AB Balder
Total Residential
TOTAL SWEDEN

47,720326,960
326,960
326,960

1.1
1.1
1.1

47,948
185,488544,409363,671908,080

1.8
1.2
3.0

33,123

373,487
373,4871.2
1.2

196,770

346,242346,242
1,627,809

1.1
1.1
5.3

7,530
1,517

1,144,937
1,147,762
2,292,699

3.7
3.7
7.4

Health Care
Omega Healthcare Investors Inc.
Total Health Care

18,012616,911
616,9112.0
2.0

Health Care Real Estate
CareTrust Real Estate Investment Trust Inc.
Ventas Inc.
Welltower Inc.
Total Health Care Real Estate

20,446
11,421
11,548513,195
585,440
1,203,879
2,302,514

1.6
1.9
3.9
7.4

Hotel
DiamondRock Hospitality Co.
Total Hotel

20,840176,098
176,098

0.6
0.6

Industrial
Prologis Inc.
Total Industrial

20,962

2,354,242
2,354,242

7.6
7.6

Net Lease
Agree Realty Corp.
Essential Properties Realty Trust Inc.
NETSTREIT Corp.
VICI Properties Inc.
Total Net Lease

12,80230,54427,53927,925792,956
846,374
443,378
799,772
2,882,480

2.6
2.7
1.4
2.6
9.3

UNITED KINGDOM (31 December 2023: 4.5%)
Industrial
Segro Plc
Tritax Big Box REIT Plc
Total Industrial
Residential
UNITE Group Plc
Total Residential
RetailShaftesbury Capital Plc
Total Retail
TOTAL UNITED KINGDOMUNITED STATES (31 December 2023: 62.2%)
Data Centers
Digital Realty Trust Inc.
Equinix Inc.
Total Data Centers

53

BROOKFIELD INVESTMENT FUNDS (UCITS) PLC
BROOKFIELD GLOBAL LISTED REAL ESTATE UCITS FUNDSCHEDULE OF INVESTMENTS AS AT 30 June 2024 (continued)
Value
Security

SharesUSD% net
assets

OfficeBXP Inc.
Cousins Properties Inc.
Total Office

7,150
13,607440,154
315,002755,156

1.4
1.0
2.4

Real Estate
Iron Mountain Inc.
Total Real Estate

3,740

335,179
335,179

1.1
1.1

Residential
American Homes 4 Rent
Equity LifeStyle Properties Inc.
Essex Property Trust Inc.
Mid-America Apartment Communities Inc.
UDR Inc.
Total Residential

19,722
13,4303,624
2,810
22,340732,870874,696
986,453
400,734
919,2913,914,044

2.3
2.8
3.2
1.3
3.0
12.6

RetailKite Realty Group Trust
Regency Centers Corp.
Simon Property Group Inc.
Tanger Inc.
Total Retail

26,917
11,9896,786
12,880602,402745,716
1,030,115
349,177
2,727,410

1.9
2.4
3.3
1.1
8.7

7,903
2,094

1,228,205
602,339
1,830,544
20,187,277

4.0
1.9
5.9
65.0

30,863,834

99.3

30,863,834

99.3(1,324)(1,324)-30,862,510

99.3

216,8260.7

31,079,336

100.0

Self Storage
Extra Space Storage Inc.
Public Storage
Total Self Storage
TOTAL UNITED STATESTOTAL LISTED SECURITIES : COMMON STOCKS(Cost $30,494,390)
TOTAL TRANSFERABLE SECURITIES ADMITTED TO AN OFFICIAL STOCK EXCHANGE
LISTINGFINANCIAL DERIVATIVE INSTRUMENTS
Forward currency contracts (see note 9 for other details)
TOTAL FINANCIAL DERIVATIVE INSTRUMENTSTOTAL INVESTMENTS(Cost $30,494,390)
Other Assets in Excess of Other Liabilities
TOTAL NET ASSETS

54

BROOKFIELD INVESTMENT FUNDS (UCITS) PLC
BROOKFIELD GLOBAL LISTED REAL ESTATE UCITS FUNDSCHEDULE OF INVESTMENTS AS AT 30 June 2024 (continued)

ANALYSIS OF TOTAL ASSETS
Description% TotalAssetsTRANSFERABLE SECURITIES ADMITTED TO AN OFFICIAL STOCK EXCHANGE LISTING

98.0

OTHER ASSETS

2.0

TOTAL

100.0

55

BROOKFIELD INVESTMENT FUNDS (UCITS) PLC
BROOKFIELD GLOBAL LISTED REAL ESTATE UCITS FUNDSCHEDULE OF SIGNIFICANT PORTFOLIO CHANGES FOR THE FINANCIAL PERIOD ENDED
30 JUNE 2024
Significant Purchases
Security Name

Quantity

Cost
(USD)

Realty Income Corp.
Mitsubishi Estate Co. Ltd.
Simon Property Group Inc.
Extra Space Storage Inc.
Essex Property Trust Inc.
Prologis Inc.
Welltower Inc.
Equity LifeStyle Properties Inc.
Digital Realty Trust Inc.
Charter Hall Group
Segro PlcFirst Industrial Realty Trust Inc.
Unibail-Rodamco-Westfield
CapitaLand Integrated Commercial Trust
Stockland
Omega Healthcare Investors Inc.
GPT Group
UDR Inc.
Kilroy Realty Corp.
Tanger Inc.
Tritax Big Box REIT Plc
Daiwa House REIT Investment Corp.
Equinix Inc.
Fastighets AB Balder
Invincible Investment Corp.
NETSTREIT Corp.
Agree Realty Corp.
BXP Inc.
RLJ Lodging Trust
Public Storage
Activia Properties Inc.
Mid-America Apartment Communities Inc.
Shaftesbury Capital Plc
Keppel DC REIT
Comforia Residential Real Estate Investment Trust Inc.
Iron Mountain Inc.
Hongkong Land Holdings Ltd.

35,211
101,116
9,534
7,345
4,124
8,880
10,49015,2306,326
109,800
78,17015,759
11,100507,970
235,500
22,882245,050
17,00016,563
22,100300,188
318
670
80,8001,169
27,5398,020
7,150
37,500
1,660
168
2,810
223,986
282,591143
3,740
93,1002,039,178
1,461,185
1,419,117
1,133,974
1,048,242
980,291
968,479
955,055
915,490859,004
856,800
855,528
817,981745,910
736,714717,173
699,326
673,232
665,182
635,719624,666
565,677
558,441
542,007522,434
484,528
466,886
439,449
436,041
430,074
429,795
387,866
386,838
368,947
320,815
318,736
317,044

The table above shows a breakdown of material purchases of the sub-fund in accordance with the Regulations. All
purchases of investments exceeding 1% of the total value of purchases, or a minimum of the 20 largest purchases, aredisclosed.

56

BROOKFIELD INVESTMENT FUNDS (UCITS) PLC
BROOKFIELD GLOBAL LISTED REAL ESTATE UCITS FUNDSCHEDULE OF SIGNIFICANT PORTFOLIO CHANGES FOR THE FINANCIAL PERIOD ENDED
30 JUNE 2024 (continued)
Significant Sales
Security Name

Quantity

Proceeds(USD)

Prologis Inc.
Equinix Inc.
Equity Residential
Realty Income Corp.
Ventas Inc.
Mitsui Fudosan Co. Ltd.
VICI Properties Inc.
Vonovia SE
Kite Realty Group Trust
Essential Properties Realty Trust Inc.
Sun Communities Inc.
American Homes 4 Rent
Goodman GroupUDR Inc.
Extra Space Storage Inc.
Public Storage
UNITE Group Plc
SBA Communications Corp.
NNN REIT Inc.
Boardwalk Real Estate Investment Trust
Mirvac Group
Mapletree Pan Asia Commercial TrustInterRent Real Estate Investment Trust
Iron Mountain Inc.
Regency Centers Corp.
Agree Realty Corp.
Welltower Inc.
Wharf Real Estate Investment Co. Ltd.
Sun Hung Kai Properties Ltd.
Derwent London Plc
Charter Hall Group
Unibail-Rodamco-Westfield
Americold Realty Trust Inc.
CareTrust Real Estate Investment Trust Inc.
Mitsubishi Estate Co. Ltd.
Comforia Residential Real Estate Investment Trust Inc.
GLP J-Reit
Cousins Properties Inc.
Japan Real Estate Investment Corp.

62,962
6,509
69,29767,321
68,589122,759
88,561
91,060118,890
95,392
19,14264,903
136,50259,30814,742
6,747
151,683
8,400
44,80036,374
1,307,195
1,653,689
177,505
23,65024,311
23,834
15,662
463,762
144,058
52,090173,518
17,68846,70057,15679,360584
1,366
51,310313

8,114,361
5,186,850
4,327,620
3,719,512
3,210,397
2,889,609
2,733,023
2,667,748
2,582,670
2,441,580
2,437,896
2,300,367
2,294,785
2,227,825
2,160,336
1,941,423
1,922,501
1,909,789
1,894,420
1,889,803
1,835,725
1,780,628
1,714,306
1,658,910
1,517,066
1,473,615
1,438,622
1,403,046
1,402,336
1,391,645
1,347,810
1,319,428
1,302,104
1,298,577
1,246,187
1,225,529
1,218,486
1,210,114
1,104,834

The table above shows a breakdown of material sales of the sub-fund in accordance with the Regulations. All sales ofinvestments exceeding 1% of the total value of sales, or a minimum of the 20 largest sales, are disclosed.

57

BROOKFIELD INVESTMENT FUNDS (UCITS) PLC
BROOKFIELD REAL ASSETS SECURITIES UCITS FUNDSCHEDULE OF INVESTMENTS AS AT 30 June 2024

Security

Value
USD

% net
assets

3,042
18,604
10,67922,68849,64329,707102,038

0.3
0.6
0.3
1.2

1,094

25,361
25,3610.3
0.3

18,992

157,103
157,103
284,502

1.8
1.8
3.3

13,10548,574
48,574

0.6
0.6

9,334

51,25551,25599,829

0.6
0.6
1.2

3,789
1,056

85,60929,247
114,856

1.0
0.3
1.3

549
1,062
3,234

19,53939,379122,585
181,503

0.2
0.5
1.4
2.1

820

64,57964,5790.7
0.7

Shares1) INVESTMENTS
A) TRANSFERABLE SECURITIES ADMITTED TO AN OFFICIAL STOCK EXCHANGE LISTING
1) LISTED SECURITIES : COMMON STOCKSAUSTRALIA (31 December 2023: 2.9%)
Diversified
Charter Hall GroupGPT Group
Stockland
Total Diversified
Industrial
Goodman Group
Total Industrial
Toll Roads
Transurban Group
Total Toll Roads
TOTAL AUSTRALIABRAZIL (31 December 2023: 1.1%)
Rail
Rumo SA
Total Rail
UtilityEquatorial Energia SA
Total Utility
TOTAL BRAZILCANADA (31 December 2023: 4.4%)
Midstream
AltaGas Ltd.
Keyera Corp.
Total Midstream
Oil Gas Transmission & Distribution
Enbridge Inc.
Pembina Pipeline Corp.
TC Energy Corp.
Total Oil Gas Transmission & Distribution
Rail
Canadian Pacific Kansas City Ltd.
Total Rail58

BROOKFIELD INVESTMENT FUNDS (UCITS) PLC
BROOKFIELD REAL ASSETS SECURITIES UCITS FUNDSCHEDULE OF INVESTMENTS AS AT 30 June 2024 (continued)

Security
Residential
Boardwalk Real Estate Investment TrustInterRent Real Estate Investment Trust
Total Residential
TOTAL CANADACHINA (31 December 2023: 0.8%)
Utility
China Resources Gas Group Ltd.
ENN Energy Holdings Ltd.
Total Utility
TOTAL CHINA

DENMARK (31 December 2023: 0.0%)
Renewable Power & Infrastructure
Orsted AS
Total Renewable Power & Infrastructure
TOTAL DENMARKFRANCE (31 December 2023: 0.7%)
OfficeGecina SA
Total Office
RetailUnibail-Rodamco-Westfield
Total Retail
TOTAL FRANCEGERMANY (31 December 2023: 1.8%)
Renewables/Electric Generation
RWE AG
Total Renewables/Electric Generation
Residential
TAG Immobilien AG
Vonovia SE
Total Residential
TOTAL GERMANY

HONG KONG (31 December 2023: 1.9%)
Diversified
Sun Hung Kai Properties Ltd.
Total Diversified

Value
USD

% net
assets247
2,235

12,725
19,45832,183393,121

0.1
0.2
0.3
4.4

16,4484,815

57,60739,67897,28597,285

0.6
0.4
1.0
1.0

561

29,85529,85529,855

0.3
0.3
0.3

350

32,21732,217

0.4
0.4

666

52,43852,43884,655

0.6
0.6
1.0

1,745

59,80259,802

0.7
0.7

1,261
1,426

18,16440,76058,924
118,726

0.2
0.5
0.7
1.4

4,978

43,06143,0610.5
0.5

Shares59

BROOKFIELD INVESTMENT FUNDS (UCITS) PLC
BROOKFIELD REAL ASSETS SECURITIES UCITS FUNDSCHEDULE OF INVESTMENTS AS AT 30 June 2024 (continued)
Value
USD

% net
assets

7,500

24,22524,225

0.3
0.3

7,047

56,94356,943
124,229

0.7
0.7
1.5

1,491

50,84950,849

0.6
0.6

10
17
2,844

22,686
6,308
18,97647,970

0.3
0.1
0.2
0.6

Hotel
Invincible Investment Corp.
Total Hotel82

33,23033,2300.4
0.4

Industrial
Mitsubishi Estate Logistics REIT Investment Corp.
Total Industrial

8

18,945
18,9450.2
0.2

OfficeMitsubishi Estate Co. Ltd.
Mitsui Fudosan Co. Ltd.
Total Office

1,827
7,269

28,616
66,347
94,963

0.3
0.8
1.1

Rail
East Japan Railway Co.
Total Rail

3,470

57,46757,467

0.6
0.6

12

23,71823,718327,142

0.3
0.3
3.8

4,183

65,43365,43365,433

0.7
0.7
0.7

Security
OfficeHongkong Land Holdings Ltd.
Total Office
Renewables/Electric Generation
CLP Holdings Ltd.
Total Renewables/Electric Generation
TOTAL HONG KONG

JAPAN (31 December 2023: 3.2%)
Airports
Japan Airport Terminal Co. Ltd.
Total Airports
Diversified
Activia Properties Inc.
Star Asia Investment Corp.
Tokyu Fudosan Holdings Corp.
Total Diversified

Residential
Comforia Residential Real Estate Investment Trust Inc.
Total Residential
TOTAL JAPANMEXICO (31 December 2023: 0.8%)
Airports
Grupo Aeroportuario del Pacifico SAB de CV
Total Airports
TOTAL MEXICO

Shares60

BROOKFIELD INVESTMENT FUNDS (UCITS) PLC
BROOKFIELD REAL ASSETS SECURITIES UCITS FUNDSCHEDULE OF INVESTMENTS AS AT 30 June 2024 (continued)
Value
USD

% net
assets2,105

35,88935,889

0.4
0.4

811

33,66533,665

0.4
0.4

827

32,115
32,115
101,669

0.4
0.4
1.2

14,34066,644
66,644
66,644

0.7
0.7
0.7

16,672

22,131
22,1310.3
0.3

37,22054,34854,34876,479

0.6
0.6
0.9

456

91,81091,8101.0
1.0Electricity Transmission & Distribution
Redeia Corp. SA
Total Electricity Transmission & Distribution

2,395

41,86041,8600.5
0.5

Telecommunication Services
Cellnex Telecom SA
Total Telecommunication Services

2,073

67,42467,424

0.8
0.8

8,676

30,60630,606
231,700

0.3
0.3
2.6

Security
NETHERLANDS (31 December 2023: 1.0%)
Industrial
CTP NV
Total Industrial
Midstream
Koninklijke Vopak NV
Total Midstream
Toll Roads
Ferrovial SE
Total Toll Roads
TOTAL NETHERLANDSNEW ZEALAND (31 December 2023: 0.6%)
Airports
Auckland International Airport Ltd.
Total Airports
TOTAL NEW ZEALANDSINGAPORE (31 December 2023: 0.6%)
Data Centers
Keppel DC REIT
Total Data Centers
Diversified
CapitaLand Integrated Commercial Trust
Total Diversified
TOTAL SINGAPORESPAIN (31 December 2023: 1.9%)
Airports
Aena SME SA
Total Airports

Toll Roads
Sacyr SA
Total Toll Roads
TOTAL SPAIN

Shares61

BROOKFIELD INVESTMENT FUNDS (UCITS) PLC
BROOKFIELD REAL ASSETS SECURITIES UCITS FUNDSCHEDULE OF INVESTMENTS AS AT 30 June 2024 (continued)
Value
USD

% net
assets

3,847

26,35826,35826,358

0.3
0.3
0.3

3,917
15,10344,47429,611
74,085

0.5
0.3
0.8

Residential
UNITE Group Plc
Total Residential

2,624

29,58829,5880.3
0.3

RetailShaftesbury Capital Plc
Total Retail

14,74325,94225,942

0.3
0.3

Utility
National Grid Plc
Total Utility

9,536

106,393
106,393

1.2
1.2

Water
Pennon Group Plc
Total Water

5,354

38,81438,814

0.4
0.4

1,600

48,137
48,137
322,959

0.5
0.5
3.5

613
122

93,20792,305
185,512

1.1
1.0
2.1

Electricity Transmission & Distribution
Eversource Energy
Total Electricity Transmission & Distribution

1,971

111,775
111,775

1.3
1.3

Health Care
Omega Healthcare Investors Inc.
Total Health Care

1,440

49,32049,3200.6
0.6

Security
SWEDEN (31 December 2023: 0.0%)
Residential
Fastighets AB Balder
Total Residential
TOTAL SWEDEN

UNITED KINGDOM (31 December 2023: 3.2%)
Industrial
Segro Plc
Tritax Big Box REIT Plc
Total Industrial

Water
Severn Trent Plc
Total Water
TOTAL UNITED KINGDOMUNITED STATES (31 December 2023: 46.3%)
Data Centers
Digital Realty Trust Inc.
Equinix Inc.
Total Data Centers

Shares62

BROOKFIELD INVESTMENT FUNDS (UCITS) PLC
BROOKFIELD REAL ASSETS SECURITIES UCITS FUNDSCHEDULE OF INVESTMENTS AS AT 30 June 2024 (continued)

Security

Shares

Value
USD

% net
assetsHealth Care Real Estate
CareTrust Real Estate Investment Trust Inc.
Ventas Inc.
Welltower Inc.
Total Health Care Real Estate

1,611
930
918

40,43647,672
95,702
183,810

0.5
0.5
1.1
2.1

Hotel
DiamondRock Hospitality Co.
Total Hotel

1,682

14,213
14,2130.2
0.2

Industrial
Prologis Inc.
Total Industrial

1,735

194,858
194,858

2.2
2.2

Integrated Utilities/Renewables
Duke Energy Corp.
FirstEnergy Corp.
Total Integrated Utilities/Renewables

1,757
405

176,104
15,499191,603

2.0
0.2
2.2

Midstream
Antero Midstream Corp.
Cheniere Energy Inc.
DTE Midstream LLC
ONEOK Inc.
Targa Resources Corp.
Williams Cos Inc.
Total Midstream

1,149
1,044
418
413
1,196
3,504

16,936
182,523
29,69133,680154,021
148,920565,771

0.2
2.1
0.3
0.4
1.7
1.7
6.4

413

17,115
17,1150.2
0.2

Net Lease
Agree Realty Corp.
Essential Properties Realty Trust Inc.
NETSTREIT Corp.
VICI Properties Inc.
Total Net Lease

1,026
2,494
2,280
2,334

63,55069,10936,70866,846236,213

0.7
0.8
0.4
0.8
2.7

OfficeBXP Inc.
Cousins Properties Inc.
Total Office

575
1,100

35,39725,46560,862

0.4
0.3
0.7

Oil Gas Transmission & Distribution
Hess Midstream LP
Kinder Morgan Inc.
Plains GP Holdings LP
Total Oil Gas Transmission & Distribution

927
876
2,811

33,78017,40652,903104,089

0.4
0.2
0.6
1.2

MLP
Kinetik Holdings Inc.
Total MLP

63

BROOKFIELD INVESTMENT FUNDS (UCITS) PLC
BROOKFIELD REAL ASSETS SECURITIES UCITS FUNDSCHEDULE OF INVESTMENTS AS AT 30 June 2024 (continued)
Value
USD

% net
assets

2,084

69,71069,710

0.8
0.8

300

26,886
26,8860.3
0.3

Renewable/Electric Generation
Entergy Corp.
Total Renewable/Electric Generation

1,075

115,025
115,025

1.3
1.3

Renewable Power & Infrastructure
CMS Energy Corp.
NextEra Energy Inc.
Public Service Enterprise Group Inc.
Xcel Energy Inc.
Total Renewable Power & Infrastructure

1,847
3,671
1,638
1,746

109,952
259,944
120,721
93,254
583,871

1.2
2.9
1.4
1.1
6.6

Residential
American Homes 4 Rent
Equity LifeStyle Properties Inc.
Essex Property Trust Inc.
Mid-America Apartment Communities Inc.
UDR Inc.
Total Residential

1,627
1,093
295
230
1,802

60,45971,18780,29932,80074,152
318,897

0.7
0.8
0.9
0.4
0.8
3.6

RetailKite Realty Group Trust
Regency Centers Corp.
Simon Property Group Inc.
Tanger Inc.
Total Retail

2,244
948
550
1,041

50,221
58,966
83,49028,222
220,899

0.6
0.7
0.9
0.3
2.5

Self Storage
Extra Space Storage Inc.
Public Storage
Total Self Storage

640
177

99,46250,914150,376

1.1
0.6
1.7

1,193
381

116,556
74,790191,346

1.3
0.8
2.1

SecurityRail
CSX Corp.
Total RailReal Estate
Iron Mountain Inc.
Total Real Estate

Telecommunication Services
Crown Castle Inc.
SBA Communications Corp.
Total Telecommunication Services

Interest rate

Maturity

Shares64

BROOKFIELD INVESTMENT FUNDS (UCITS) PLC
BROOKFIELD REAL ASSETS SECURITIES UCITS FUNDSCHEDULE OF INVESTMENTS AS AT 30 June 2024 (continued)

Security

Interest rate

Maturity

Utility
CenterPoint Energy Inc.
NiSource Inc.
PG&E Corp.
SempraTotal Utility
TOTAL UNITED STATES

Shares/Quantity

3,772
4,116
6,502
2,149

TOTAL LISTED SECURITIES : COMMONSTOCKS(Cost $6,338,388)

Value
USD

% net
assets116,857
118,582
113,525
163,453
512,417
4,104,568

1.3
1.3
1.3
1.8
5.7
46.5

6,555,154

74.3

2) LISTED SECURITIES : BONDS
CANADA (31 December 2023: 0.8%)
Basic Industrial
Methanex Corp.
NOVA Chemicals Corp.
NOVA Chemicals Corp.
Nutrien Ltd.
Total Basic Industrial

5.25
4.25
8.50
4.20

15/12/2029
15/05/2029
15/11/2028
01/04/2029

3,000
1,000
3,000
8,000

2,895
881
3,181
7,660
14,6170.1
0.1

EnergyCenovus Energy Inc.
Total Energy

2.65

15/01/2032

8,000

6,628
6,628

0.1
0.1

Oil Gas Transmission & Distribution
Enbridge Inc.
Enbridge Inc.
TransCanada PipeLines Ltd.
Total Oil Gas Transmission & Distribution

5.50
5.70
4.25

15/07/2077
08/03/2033
15/05/2028

11,0003,000
3,000

10,366
3,029
2,902
16,297

0.1
0.1

Rail
Canadian National Railway Co.
Total Rail

3.20

02/08/2046

8,000

5,769
5,769

0.1
0.1

2.15
3.40

15/02/2032
13/05/2032

8,000
8,000

6,422
6,959
13,381
56,692

0.1
0.1
0.2
0.6

5.50

15/01/2028

7,000

4,786
4,786
4,786

0.1
0.1
0.1

Telecommunication Services
Bell Telephone Co. of Canada or Bell Canada
TELUS Corp.
Total Telecommunication Services
TOTAL CANADAFRANCE (31 December 2023: 0.1%)
Telecommunication Services
Altice France SA
Total Telecommunication Services
TOTAL FRANCE

65

BROOKFIELD INVESTMENT FUNDS (UCITS) PLC
BROOKFIELD REAL ASSETS SECURITIES UCITS FUNDSCHEDULE OF INVESTMENTS AS AT 30 June 2024 (continued)
Value
USD

% net
assets

3,000

2,806
2,806
2,806

-

28/02/2030

3,000

2,550
2,550
2,550

-

4.13

04/06/2081

3,000

2,554
2,554
2,554

-

4.00

15/04/2030

3,000

2,802
2,802

-

Construction & Building Materials
Lennar Corp.
NVR Inc.
Toll Brothers Finance Corp.
Vulcan Materials Co.
Total Construction & Building Materials

4.75
3.00
4.88
4.50

29/11/2027
15/05/2030
15/03/2027
15/06/2047

3,000
3,000
3,000
8,000

2,959
2,661
2,956
6,692
15,2680.1
0.1

Diversified
CBRE Services Inc.
Total Diversified

5.95

15/08/2034

3,000

3,043
3,043

-

EnergyBaker Hughes Holdings LLC
BP Capital Markets America Inc.
Chevron Corp.
ConocoPhillips
Devon Energy Corp.
Diamondback Energy Inc.
EQT Corp.
Exxon Mobil Corp.
Halliburton Co.
Occidental Petroleum Corp.
Shell International Finance BV
Shell International Finance BVValero Energy Corp.
Total Energy

5.13
2.94
2.95
6.50
5.60
4.25
7.00
4.23
5.00
8.88
3.00
6.38
4.00

15/09/2040
04/06/2051
16/05/2026
01/02/2039
15/07/2041
15/03/2052
01/02/2030
19/03/2040
15/11/2045
15/07/2030
26/11/2051
15/12/2038
01/04/2029

8,000
11,000
3,000
3,000
8,000
8,000
3,000
10,000
3,000
3,000
8,000
3,000
8,000

7,635
7,025
2,886
3,310
7,472
6,231
3,184
8,830
2,727
3,456
5,270
3,315
7,612
68,953

0.1
0.1
0.1
0.1
0.1
0.1
0.1
0.7

Security

Interest rate

Maturity

Quantity

ITALY (31 December 2023: 0.0%)
Telecommunication Services
Telecom Italia Capital SA
Total Telecommunication Services
TOTAL ITALY

6.38

15/11/2033

NETHERLANDS (31 December 2023: 0.1%)
Media
Ziggo Bond Co. BV
Total MediaTOTAL NETHERLANDS

5.13

UNITED KINGDOM (31 December 2023: 0.0%)
Telecommunication Services
Vodafone Group Plc
Total Telecommunication Services
TOTAL UNITED KINGDOMUNITED STATES (31 December 2023: 10.4%)
Basic Industrial
Weyerhaeuser Co.
Total Basic Industrial

66

BROOKFIELD INVESTMENT FUNDS (UCITS) PLC
BROOKFIELD REAL ASSETS SECURITIES UCITS FUNDSCHEDULE OF INVESTMENTS AS AT 30 June 2024 (continued)
Value
USD

% net
assets

3,000

3,004
3,004

-

15/01/2033

8,000

7,440
7,440

0.1
0.1

3.50
4.75

15/09/2030
15/10/2028

3,000
5,000

2,653
4,755
7,408

0.1
0.1

Media
Charter Communications Operating LLC
Charter Communications Operating LLC
Comcast Corp.
Comcast Corp.
Discovery Communications LLC
Total Media

3.90
4.20
3.25
4.70
3.95

01/06/2052
15/03/2028
01/11/2039
15/10/2048
20/03/2028

3,000
8,000
8,000
8,000
3,000

1,891
7,564
6,176
7,111
2,805
25,547

0.1
0.1
0.1
0.3

Metals & Mining
Barrick North America Finance LLC
Total Metals & Mining

5.75

01/05/2043

3,000

2,989
2,989

-

Oil Gas Transmission & Distribution
Buckeye Partners LP
DCP Midstream Operating LP
Energy Transfer LP
Energy Transfer LPEnterprise Products Operating LLC
Enterprise Products Operating LLC
Global Partners LP
Kinder Morgan Inc.
NuStar Logistics LP
ONEOK Inc.
Plains All American Pipeline LP
Western Midstream Operating LP
Williams Cos Inc.
Total Oil Gas Transmission & Distribution

4.13
5.60
5.75
8.61
4.85
5.38
7.00
2.00
5.63
6.05
4.65
4.75
2.60

01/12/2027
01/04/2044
15/02/2033
01/11/2066
15/03/2044
15/02/2078
01/08/2027
15/02/2031
28/04/2027
01/09/2033
15/10/2025
15/08/2028
15/03/2031

3,000
8,000
8,000
10,0008,000
10,000
3,000
8,000
3,000
3,000
8,000
6,000
8,000

2,802
7,692
8,084
9,810
7,234
9,328
3,012
6,560
2,975
3,095
7,892
5,866
6,769
81,119

0.1
0.1
0.1
0.1
0.1
0.1
0.1
0.1
0.1
0.9

Rail
Union Pacific Corp.
Total Rail

3.20

20/05/2041

11,000

8,344
8,344

0.1
0.1

Security

Interest rate

Maturity

Quantity

Health Facilities
HCA Inc.
Total Health Facilities

5.88

15/02/2026

Infrastructure Services
Waste Connections Inc.
Total Infrastructure Services

4.20

LeisureHost Hotels & Resorts LP
MGM Resorts International
Total Leisure67

BROOKFIELD INVESTMENT FUNDS (UCITS) PLC
BROOKFIELD REAL ASSETS SECURITIES UCITS FUNDSCHEDULE OF INVESTMENTS AS AT 30 June 2024 (continued)

Security

Value
USD

% net
assets

8,000
3,000
1,000
5,000
3,000
3,000
2,000
3,000
3,000
8,000
3,000
3,000
8,000
3,000

7,665
3,129
835
4,456
2,876
2,966
2,135
2,909
2,875
6,699
2,674
2,958
7,817
2,902
52,896

0.1
0.1
0.1
0.1
0.4

15/10/2026
15/09/2053
15/02/2049
18/11/2029
15/10/2052
01/02/2028
22/03/2051

8,000
11,0007,000
8,000
11,000
7,000
8,000

7,640
7,509
6,375
7,216
7,555
6,894
5,790
48,979

0.1
0.1
0.1
0.1
0.1
0.1
0.1
0.7

4.38

15/05/2047

8,000

6,450
6,450

0.1
0.1

5.40
7.60
3.50
5.25
3.95
3.90
4.30
6.40
7.13
2.90
5.15
5.25
3.00
4.50
6.88
4.00

15/03/2053
15/01/2055
15/01/2031
01/03/2028
01/04/2050
01/10/2025
15/03/2028
15/06/2038
01/12/2054
15/09/2029
15/03/2028
01/04/2053
15/05/2027
15/08/2040
01/10/2054
01/04/2047

8,000
5,000
8,000
3,000
8,000
4,000
8,000
3,000
4,000
8,000
8,000
8,000
8,000
8,000
3,000
8,000

7,690
5,070
7,222
3,012
6,283
3,916
7,765
3,223
3,965
7,150
7,986
7,369
7,595
7,151
2,982
6,146

0.1
0.1
0.1
0.1
0.1
0.1
0.1
0.1
0.1
0.1
0.1

Interest rate

Maturity

Quantity

Real Estate
American Homes 4 Rent LP
Brandywine Operating Partnership LP
EPR Properties
EPR Properties
Mid-America Apartments LP
Piedmont Operating Partnership LP
Piedmont Operating Partnership LP
Public Storage Operating Co.
Realty Income Corp.
Safehold GL Holdings LLC
Simon Property Group LP
Ventas Realty LP
VICI Properties LP
Welltower OP LLC
Total Real Estate

4.25
8.88
3.60
3.75
3.60
6.88
9.25
5.35
4.90
2.80
1.75
3.50
4.75
4.25

15/02/2028
12/04/2029
15/11/2031
15/08/2029
01/06/2027
15/07/2029
20/07/2028
01/08/2053
15/07/2033
15/06/2031
01/02/2028
01/02/2025
15/02/2028
15/04/2028

Telecommunication Services
American Tower Corp.
AT&T Inc.
Crown Castle Inc.
Equinix Inc.
T-Mobile USA Inc.
T-Mobile USA Inc.
Verizon Communications Inc.
Total Telecommunication Services

3.38
3.50
5.20
3.20
3.40
4.75
3.55

Utilities
NiSource Inc.
Total Utilities
Utility
AEP Transmission Co. LLC
AES Corp.
Ameren Corp.
CenterPoint Energy Resources Corp.
Consolidated Edison Co. of New York Inc.
Dominion Energy Inc.
Duke Energy Corp.
Duke Energy Florida LLC
Entergy Corp.
Evergy Inc.
Exelon Corp.
Public Service Co. of Colorado
Public Service Electric and Gas Co.
San Diego Gas & Electric Co.
SempraSouthern California Edison Co.

68

BROOKFIELD INVESTMENT FUNDS (UCITS) PLC
BROOKFIELD REAL ASSETS SECURITIES UCITS FUNDSCHEDULE OF INVESTMENTS AS AT 30 June 2024 (continued)
Value
USD

% net
assets

7,691
6,709
6,784
115,709449,951

0.1
0.1
0.1
1.4
4.9

519,3395.6

469

10,084
10,084

0.1
0.1

Hotel
RLJ Lodging Trust 1.95%
Total Hotel

397

9,881
9,881

0.1
0.1

Industrial
Rexford Industrial Realty Inc. 5.625%
Total Industrial

774

16,254
16,2540.2
0.2

Net Lease
Agree Realty Corp. 4.25%
EPR Properties 9%
LXP Industrial Trust 6.5%
Total Net Lease

1,898
713
362

33,481
19,886
16,424
69,791

0.4
0.2
0.2
0.8

OfficeEquity Commonwealth 6.5%
Total Office917

22,842
22,842

0.3
0.3

Real Estate
Kimco Realty Corp. 7.25%
Realty Income Corp. 6%
Total Real Estate

608
968

33,17923,33856,517

0.4
0.3
0.7

Residential
American Homes 4 Rent 5.875%
American Homes 4 Rent 6.25%
UMH Properties Inc. 6.375%
Total Residential

583
553
731

13,04812,99016,80642,844

0.2
0.2
0.2
0.6

Security
Utility (continued)
Southern Co.
Southern Co.
Virginia Electric and Power Co.
Total Utility
TOTAL UNITED STATESInterest rate

Maturity

Quantity/Shares

3.25
4.40
4.45

01/07/2026
01/07/2046
15/02/2044

8,000
8,000
8,000

TOTAL LISTED SECURITIES : BONDS(Cost $493,098)
3) LISTED SECURITIES: PREFERRED STOCKSUNITED STATES (31 December 2023: 3.9%)
Data Centers
Digital Realty Trust Inc. 5.2%
Total Data Centers

69

BROOKFIELD INVESTMENT FUNDS (UCITS) PLC
BROOKFIELD REAL ASSETS SECURITIES UCITS FUNDSCHEDULE OF INVESTMENTS AS AT 30 June 2024 (continued)

Security

Interest rate

Maturity

Value
USD

% net
assets

305
477
465
1,032

6,140
10,0509,509
22,44648,145

0.1
0.1
0.1
0.3
0.6

2,401

45,31845,318
321,676

0.5
0.5
3.9

321,676

3.9

408,081408,081408,081

4.6
4.6
4.6

408,0814.6

7,804,250

88.4

Shares/Quantity

RetailCTO Realty Growth Inc. 6.375%
Federal Realty Investment Trust 5%
Kimco Realty Corp. 5.125%
Regency Centers Corp. 5.875%
Total Retail
Self Storage
Public Storage 4%
Total Self Storage
TOTAL UNITED STATESTOTAL LISTED SECURITIES: PREFERREDSTOCKS(Cost $338,350)
4) LISTED SECURITIES : EXCHANGE TRADEDFUNDUNITED STATES (31 December 2023: 2.8%)
OpportunisticiShares Bloomberg Enhanced Roll Yield
Commodity Swap UCITS ETF
Total Opportunistic
TOTAL UNITED STATES

54,360TOTAL LISTED SECURITIES : EXCHANGE TRADED FUND
(Cost $400,164)
TOTAL TRANSFERABLE SECURITIES ADMITTED TO AN OFFICIAL STOCK EXCHANGE LISTINGB) OTHER TRANSFERABLE SECURITIES DEALT ON ANOTHER REGULATED MARKET
1) OTHER ORGANISED MARKET : BONDS
AUSTRALIA (31 December 2023: 0.0%)
Metals & Mining
Glencore Funding LLC
Total Metals & Mining
TOTAL AUSTRALIACANADA (31 December 2023: 0.9%)
Basic Industrial
Cascades Inc.
Total Basic Industrial
EnergyBaytex Energy Corp.
MEG Energy Corp.
Total Energy

2.63

23/09/2031

8,000

6,576
6,576
6,576

0.1
0.1
0.1

5.38

15/01/2028

3,000

2,888
2,888

-

8.50
5.88

30/04/2030
01/02/2029

3,000
3,000

3,137
2,918
6,055

-

70

BROOKFIELD INVESTMENT FUNDS (UCITS) PLC
BROOKFIELD REAL ASSETS SECURITIES UCITS FUNDSCHEDULE OF INVESTMENTS AS AT 30 June 2024 (continued)
Value
USD

% net
assets

3,000

2,990
2,990

-

15/07/2030

8,000

7,428
7,428

0.1
0.1

4.50

01/10/2029

8,000

7,320
7,320

0.1
0.1

3.80
5.25

15/03/2032
15/03/2082

8,000
7,000

7,160
6,706
13,866

0.1
0.1
0.2

6.75

15/06/2076

7,000

6,954
6,954
47,501

0.1
0.1
0.5

FRANCE (31 December 2023: 0.1%)
Telecommunication Services
Iliad Holding SASU
Total Telecommunication Services
TOTAL FRANCE

7.00

15/10/2028

3,000

2,975
2,975
2,975

-

NETHERLANDS (31 December 2023: 0.3%)
Media
Sunrise FinCo I BV
VZ Secured Financing BV
Total MediaTOTAL NETHERLANDS

4.88
5.00

15/07/2031
15/01/2032

8,000
5,000

7,264
4,264
11,528
11,528

0.1
0.1
0.2
0.2

SPAIN (31 December 2023: 0.1%)
Utility
Atlantica Sustainable Infrastructure Plc
Total Utility
TOTAL SPAIN

4.13

15/06/2028

3,000

2,936
2,936
2,936

-

UNITED KINGDOM (31 December 2023: 0.1%)
Media
Virgin Media Secured Finance Plc
Total MediaTOTAL UNITED KINGDOM

4.50

15/08/2030

10,000

8,478
8,478
8,478

0.1
0.1
0.1

Security

Interest rate

Maturity

Quantity

Infrastructure Services
Wrangler Holdco Corp.
Total Infrastructure Services

6.63

01/04/2032

Metals & Mining
Teck Resources Ltd.
Total Metals & Mining

3.90

Oil Gas Transmission & Distribution
Parkland Corp.
Total Oil Gas Transmission & Distribution
Telecommunication Services
Rogers Communications Inc.
Rogers Communications Inc.
Total Telecommunication Services
Utility
Emera Inc.
Total Utility
TOTAL CANADA

71

BROOKFIELD INVESTMENT FUNDS (UCITS) PLC
BROOKFIELD REAL ASSETS SECURITIES UCITS FUNDSCHEDULE OF INVESTMENTS AS AT 30 June 2024 (continued)
Value
USD

% net
assets

3,000
3,000
3,000

2,924
2,775
2,708
8,407

-

01/02/2028
15/02/2029
15/01/2031

3,000
3,000
3,000

2,893
3,131
3,107
9,131

-

8.88
5.00
7.75
5.38
4.75

01/09/2031
01/03/2028
01/09/2030
01/08/2028
01/02/2030

3,000
2,000
5,000
5,000
3,000

3,157
1,917
5,266
4,752
2,490
17,582

0.1
0.1
0.2

EnergyAntero Resources Corp.
California Resources Corp.
Civitas Resources Inc.
CNX Resources Corp.
Comstock Resources Inc.
Continental Resources Inc.
Crescent Energy Finance LLC
Moss Creek Resources Holdings Inc.
Occidental Petroleum Corp.
Ovintiv Inc.
Range Resources Corp.
Southwestern Energy Co.
Transocean Titan Financing Ltd.
Total Energy

5.38
7.13
8.38
7.38
6.75
2.27
9.25
10.50
5.55
6.25
8.25
5.38
8.38

01/03/2030
01/02/2026
01/07/2028
15/01/2031
01/03/2029
15/11/2026
15/02/2028
15/05/2027
15/03/2026
15/07/2033
15/01/2029
01/02/2029
01/02/2028

3,000
5,000
5,000
3,000
2,000
3,000
2,000
3,000
3,000
3,000
2,000
6,000
3,000

2,904
5,012
5,239
3,067
1,938
2,785
2,117
3,075
2,994
3,098
2,073
5,833
3,096
43,231

0.1
0.1
0.1
0.3

Health Facilities
CHS
HCA Inc.
Tenet Healthcare Corp.
Total Health Facilities

10.88
5.90
6.13

15/01/2032
01/06/2053
01/10/2028

3,000
3,000
10,000

3,121
2,937
9,949
16,0070.1
0.1

Infrastructure Services
GFL Environmental Inc.
Total Infrastructure Services

3.50

01/09/2028

7,000

6,460
6,460

0.1
0.1

Security

Interest rate

Maturity

Quantity

5.00
4.75
4.63

30/06/2032
15/08/2028
15/03/2029

Construction & Building Materials
M/I Homes Inc.
STL Holding Co.LLC
Summit Materials LLC
Total Construction & Building Materials

4.95
8.75
7.25

Diversified
Cushman & Wakefield US Borrower LLC
Forestar Group Inc.
Greystar Real Estate Partners LLC
Howard Hughes Corp.
Kennedy-Wilson Inc.
Total Diversified

UNITED STATES (31 December 2023: 0.7%)
Basic Industrial
Cabot Corp.
Clearwater Paper Corp.
Tronox Inc.
Total Basic Industrial

72

BROOKFIELD INVESTMENT FUNDS (UCITS) PLC
BROOKFIELD REAL ASSETS SECURITIES UCITS FUNDSCHEDULE OF INVESTMENTS AS AT 30 June 2024 (continued)

Security

Value
USD

% net
assets

3,000
3,000
3,000
3,000
5,000
2,000
7,000
3,000
6,000
3,000
3,000

2,817
3,015
3,065
3,004
4,582
1,971
6,566
3,054
5,645
3,036
3,114
39,869

0.1
0.1
0.1
0.3

15/11/2030
01/03/2030
01/09/2029
15/02/2031
15/11/2031
15/08/2027
01/02/2030
15/11/2027
15/10/2028

2,000
12,000
7,000
3,000
9,000
2,000
5,000
15,0004,000

1,493
10,392
6,654
1,871
5,806
1,881
4,894
14,707
3,653
51,351

0.1
0.1
0.1
0.1
0.2
0.6

15/06/2029
15/03/2031
15/11/2029
15/06/2029
15/04/2032
15/01/2029
01/04/2026
01/02/2028
15/01/2032
15/10/2030
15/06/2030
01/03/2026
01/06/2031
15/05/2029
31/12/2030
01/02/2033
15/01/2030
01/06/2031

7,000
3,000
8,000
3,000
8,000
4,000
3,000
3,000
1,000
3,000
8,000
8,000
4,000
3,000
6,000
8,000
3,000
3,000

6,786
2,994
7,398
2,777
7,237
3,776
2,935
3,032
1,028
2,898
7,883
7,519
3,602
2,806
5,602
7,211
3,045
3,111
81,640

0.1
0.1
0.1
0.1
0.1
0.1
0.1
0.7

Interest rate

Maturity

Quantity

LeisureCarnival Corp.
Caesars Entertainment Inc.
Caesars Entertainment Inc.
Cedar Fair LP
GLP Capital LP
Park Intermediate Holdings LLC
RHP Hotel Properties LP
Six Flags Entertainment Corp.
Station Casinos LLC
Vail Resorts Inc.
Wynn Resorts Finance LLC
Total Leisure

4.00
6.50
7.00
6.50
4.00
5.88
4.50
7.25
4.50
6.50
7.13

01/08/2028
15/02/2032
15/02/2030
01/10/2028
15/01/2030
01/10/2028
15/02/2029
15/05/2031
15/02/2028
15/05/2032
15/02/2031

Media
Cable One Inc.
CCO Holdings LLC
CCO Holdings LLC
CSC Holdings LLC
CSC Holdings LLC
Directv Financing LLC
Directv Financing LLC
DISH Network Corp.
GCI LLC
Total Media

4.00
4.75
6.38
3.38
4.50
5.88
8.88
11.75
4.75

Oil Gas Transmission & Distribution
Antero Midstream Partners LP
Beazer Homes USA Inc.
Cheniere Corpus Christi Holdings LLCDT Midstream Inc.
DT Midstream Inc.
EQM Midstream Partners LP
Ferrellgas LP
Genesis Energy LP
Global Partners LP
Hess Midstream Operations LP
Kinetik Holdings LP
MPLX LP
Suburban Propane Partners LP
Sunoco LP
Tallgrass Energy Partners LP
Targa Resources Corp.
Venture Global Calcasieu Pass LLC
Venture Global LNG Inc.
Total Oil Gas Transmission & Distribution

5.38
7.50
3.70
4.13
4.30
4.50
5.38
7.75
8.25
5.50
5.88
1.75
5.00
4.50
6.00
4.20
6.25
8.38

73

BROOKFIELD INVESTMENT FUNDS (UCITS) PLC
BROOKFIELD REAL ASSETS SECURITIES UCITS FUNDSCHEDULE OF INVESTMENTS AS AT 30 June 2024 (continued)

Interest rate

Maturity

Quantity

Value
USD

% net
assets

8.05
3.38
2.95
3.75
4.88
4.75
2.70
2.88
7.00

15/03/2028
01/06/2025
15/07/2031
15/12/2027
15/09/2029
15/09/2030
15/09/2030
15/09/2051
01/02/2030

3,000
3,000
5,000
3,000
3,000
3,000
8,000
3,000
5,000

3,114
2,941
4,124
2,629
2,827
2,867
6,756
1,868
5,059

0.1
0.1
0.1

5.75
2.75
5.25
3.70
3.75
7.25
2.70
2.70
4.88

15/07/2034
01/04/2032
01/04/2029
15/06/2030
01/07/2026
01/04/2029
01/12/2031
15/07/2031
01/06/2029

3,000
3,000
3,000
3,000
1,000
3,000
4,000
3,000
5,000

2,968
2,205
3,004
2,766
950
3,028
3,209
2,484
4,687
57,4860.1
0.4

Telecommunication Services
Cablevision Lightpath LLC
Frontier Communications Holdings LLC
Level 3 Financing Inc.
Uniti Group LP
Verizon Communications Inc.
Total Telecommunication Services

3.88
8.63
10.50
10.50
2.36

15/09/2027
15/03/2031
15/05/2030
15/02/2028
15/03/2032

3,000
10,000
3,000
7,000
3,000

2,652
10,334
2,971
6,855
2,457
25,269

0.1
0.1
0.2

Transportation
Brightline East LLC
Total Transportation

11.00

31/01/2030

5,000

4,559
4,559

0.1
0.1

7.05
5.13
3.75
4.75
4.75
6.88
5.88
4.35
2.88
5.40
3.63
5.25

15/12/2054
15/03/2028
15/02/2031
15/03/2028
01/06/2050
01/02/2055
01/04/2029
15/01/2025
04/12/2051
15/12/2043
15/02/2031
15/06/2029

5,000
4,000
3,000
3,000
3,000
1,000
3,000
8,000
11,00011,000
2,000
3,000

4,980
3,847
2,618
2,866
2,746
1,023
2,762
7,925
7,032
10,281
1,716
2,879
50,675
411,667

0.1
0.1
0.1
0.1
0.4
3.4

TOTAL OTHER ORGANISED MARKET : BONDS(Cost $404,611)

491,661

4.3

TOTAL OTHER TRANSFERABLE SECURITIES DEALT ON AN OTHER REGULATED MARKET

491,661

4.3

Security
Real Estate
Brandywine Operating Partnership LP
ERP Operating LP
Essential Properties LP
Global Net Lease Inc.
Iron Mountain Inc.
Kite Realty Group Trust
LXP Industrial Trust
Mid-America Apartments LP
Park Intermediate Holdings LLC
Phillips Edison Grocery Center Operating
Partnership I LP
Piedmont Operating Partnership LP
Prologis Targeted US Logistics Fund LP
Regency Centers LP
RLJ Lodging Trust LP
Starwood Property Trust Inc.
Store Capital LLC
Sun Communities Operating LP
XHR LP
Total Real Estate

Utility
American Electric Power Co. Inc.
Calpine Corp.
Clearway Energy Operating LLC
Clearway Energy Operating LLC
CMS Energy Corp.
Dominion Energy Inc.
Ferrellgas LPFirstEnergy Transmission LLC
Florida Power & Light Co.
Monongahela Power Co.
NRG Energy Inc.
NRG Energy Inc.
Total Utility
TOTAL UNITED STATES74

BROOKFIELD INVESTMENT FUNDS (UCITS) PLC
BROOKFIELD REAL ASSETS SECURITIES UCITS FUNDSCHEDULE OF INVESTMENTS AS AT 30 June 2024 (continued)
Value
USD

% net
assets

3,123
3,123
3,123

-

TOTAL OTHER TRANSFERABLE SECURITIES : BONDS(Cost $3,131)

3,123

-

TOTAL OTHER TRANSFERABLE SECURITIES

3,123

-

8,299,034

92.7

651,5087.3

8,950,542

100.0

Security

Interest rate

Maturity

Quantity

7.75

15/10/2031

3,000C) OTHER TRANSFERABLE SECURITIES
1) OTHER TRANSFERABLE SECURITIES : BONDS
UNITED STATES (31 December 2023: 0.0%)
Utility
Vistra Operations Co.LLC
Total Utility
TOTAL UNITED STATESTOTAL INVESTMENTS(Cost $7,977,742)
Other Assets in Excess of Other Liabilities
TOTAL NET ASSETSANALYSIS OF TOTAL ASSETS% TotalAssetsDescription
TRANSFERABLE SECURITIES ADMITTED TO AN OFFICIAL STOCK EXCHANGE LISTING

86.0

OTHER TRANSFERABLE SECURITIES DEALT ON AN OTHER REGULATED MARKET

5.4

OTHER TRANSFERABLE SECURITIES-OTHER ASSETS

8.6

TOTAL

100.0

75

BROOKFIELD INVESTMENT FUNDS (UCITS) PLC
BROOKFIELD REAL ASSETS SECURITIES UCITS FUNDSCHEDULE OF SIGNIFICANT PORTFOLIO CHANGES FOR THE FINANCIAL PERIOD ENDED
30 JUNE 2024
Significant Purchases
Security Name
Duke Energy Corp.
iShares Bloomberg Enhanced Roll Yield Commodity Swap UCITS ETF
Eversource Energy
Cheniere Energy Inc.
Xcel Energy Inc.
NextEra Energy Inc.
Simon Property Group Inc.
Realty Income Corp.
TC Energy Corp.
Williams Cos Inc.
Mitsubishi Estate Co. Ltd.
First Industrial Realty Trust Inc.
Essex Property Trust Inc.
Welltower Inc.
Extra Space Storage Inc.
Japan Airport Terminal Co. Ltd.
Stockland
Equity LifeStyle Properties Inc.
Athens International Airport SA
Aena SME SA
Omega Healthcare Investors Inc.
Digital Realty Trust Inc.
Redeia Corp. SA
CapitaLand Integrated Commercial Trust
Orsted AS
Prologis Inc.
Segro Plc
Tanger Inc.
GPT Group

Quantity

Cost
(USD)

4,985
39,126
4,897
1,385
3,951
3,222
1,339
3,443
4,507
4,973
10,300
2,540
546
1,480
901
3,105
37,6001,760
12,298
544
3,280
704
6,169
67,120
1,703
850
8,528
3,200
29,340475,462
297,482
289,019
217,305
212,639
201,343
200,025
197,489
178,843
178,198
148,852
137,898
136,982
136,699
135,015
119,969
118,188
110,337
109,754
106,488
102,624
102,220
100,844
98,541
94,691
94,172
93,64692,42584,496

The table above shows a breakdown of material purchases of the sub-fund in accordance with the Regulations. All
purchases of investments exceeding 1% of the total value of purchases, or a minimum of the 20 largest purchases, aredisclosed.

76

BROOKFIELD INVESTMENT FUNDS (UCITS) PLC
BROOKFIELD REAL ASSETS SECURITIES UCITS FUNDSCHEDULE OF SIGNIFICANT PORTFOLIO CHANGES FOR THE FINANCIAL PERIOD ENDED
30 JUNE 2024 (continued)
Significant Sales
Security NameiShares Bloomberg Enhanced Roll Yield Commodity Swap UCITS ETF
Prologis Inc.
NextEra Energy Inc.
Cheniere Energy Inc.
Ameren Corp.
PPL Corp.
SempraPublic Service Enterprise Group Inc.
DTE Energy Co.
NiSource Inc.
CenterPoint Energy Inc.
Duke Energy Corp.
PG&E Corp.
Williams Cos Inc.
CMS Energy Corp.
Realty Income Corp.
ONEOK Inc.
Equinix Inc.
Equity Residential
Targa Resources Corp.
Xcel Energy Inc.
Transurban GroupSBA Communications Corp.

Quantity

Proceeds(USD)

76,566
3,786
6,892
2,336
4,962
13,331
4,606
4,881
2,919
11,453
11,0583,228
18,438
8,127
5,188
5,522
3,756
360
4,225
2,426
4,788
26,697
1,063

585,419
457,420453,245367,986
363,606
358,701
328,395
326,119
321,009314,863314,215
312,911311,211309,989
307,697
296,502
294,032
273,445
272,783
272,629
250,426
225,962
220,878

The table above shows a breakdown of material sales of the sub-fund in accordance with the Regulations. All sales ofinvestments exceeding 1% of the total value of sales, or a minimum of the 20 largest sales, are disclosed.

77

BROOKFIELD INVESTMENT FUNDS (UCITS) PLC
BROOKFIELD GLOBAL RENEWABLES AND SUSTAINABLE INFRASTRUCTURE UCITS FUNDSCHEDULE OF INVESTMENTS AS AT 30 June 2024
Value
Security

SharesUSD% net
assets2,162

12,024
12,024-

531,456

837,576
837,576

2.3
2.3

141,966

779,404
779,404
1,629,004

2.1
2.1
4.4

59,75016,7881,463,559
652,474
2,116,033

4.0
1.8
5.8

8,507

1,492,587
1,492,587
3,608,620

4.0
4.0
9.8

9,280
24,710493,858
572,164
1,066,022
1,066,022

1.3
1.5
2.8
2.8

9,614

1,059,470
1,059,470

2.9
2.934,692

1,037,323
1,037,323
2,096,793

2.8
2.8
5.7

1) INVESTMENTS
A) TRANSFERABLE SECURITIES ADMITTED TO AN OFFICIAL STOCK EXCHANGE LISTING
1) LISTED SECURITIES : COMMON STOCKSBRAZIL (31 December 2023: 4.8%)
Electricity Transmission & Distribution
Equatorial Energia SA
Total Electricity Transmission & Distribution
Renewable Power & Infrastructure
Serena Energia SA
Total Renewable Power & Infrastructure
UtilityEquatorial Energia SA
Total Utility
TOTAL BRAZILCANADA (31 December 2023: 5.7%)
Renewable Power & Infrastructure
Boralex Inc.
Fortis Inc.
Total Renewable Power & Infrastructure
Water & Waste Infrastructure
Waste Connections Inc.
Total Water & Waste Infrastructure
TOTAL CANADADENMARK (31 December 2023: 2.3%)
Renewable Power & Infrastructure
Orsted AS
Vestas Wind Systems A/S
Total Renewable Power & Infrastructure
TOTAL DENMARKFRANCE (31 December 2023: 6.2%)
Clean Technology
Nexans SA
Total Clean Technology
Water & Waste Infrastructure
Veolia Environnement SA
Total Water & Waste Infrastructure
TOTAL FRANCE

78

BROOKFIELD INVESTMENT FUNDS (UCITS) PLC
BROOKFIELD GLOBAL RENEWABLES AND SUSTAINABLE INFRASTRUCTURE UCITS FUNDSCHEDULE OF INVESTMENTS AS AT 30 June 2024 (continued)
Value
Security

SharesUSD% net
assetsGERMANY (31 December 2023: 0.0%)
Renewables/Electric Generation
E.ON SE
Total Renewables/Electric Generation
TOTAL GERMANY

105,766

1,386,426
1,386,426
1,386,426

3.7
3.7
3.7

IRELAND (31 December 2023: 0.0%)
Renewable Power & Infrastructure
Trane Technologies Plc
Total Renewable Power & Infrastructure
TOTAL UNITED STATES

2,594

853,244853,244853,244

2.3
2.3
2.3

ITALY (31 December 2023: 5.4%)
Renewable Power & Infrastructure
Enel SpA
Total Renewable Power & Infrastructure
TOTAL ITALY

303,270

2,109,167
2,109,167
2,109,167

5.7
5.7
5.7

NEW ZEALAND (31 December 2023: 2.9%)
Renewable Power & Infrastructure
Mercury NZ Ltd.
Total Renewable Power & Infrastructure
TOTAL NEW ZEALAND

252,089

1,008,039
1,008,039
1,008,039

2.7
2.7
2.7

72,136

1,260,786
1,260,786

3.4
3.4

69,582
143,563

972,471
1,862,667
2,835,138
4,095,924

2.6
5.0
7.6
11.0

41,588940,765
940,765

2.5
2.5

101,876

1,136,625
1,136,625

3.1
3.1

SPAIN (31 December 2023: 15.0%)
Electricity Transmission & Distribution
Redeia Corp. SA
Total Electricity Transmission & Distribution
Renewable Power & Infrastructure
EDP Renovaveis SA
Iberdrola SA
Total Renewable Power & Infrastructure
TOTAL SPAIN
UNITED KINGDOM (31 December 2023: 13.0%)
Renewable Power & Infrastructure
SSE Plc
Total Renewable Power & Infrastructure
Utility
National Grid Plc
Total Utility

79

BROOKFIELD INVESTMENT FUNDS (UCITS) PLC
BROOKFIELD GLOBAL RENEWABLES AND SUSTAINABLE INFRASTRUCTURE UCITS FUNDSCHEDULE OF INVESTMENTS AS AT 30 June 2024 (continued)
Value
SharesUSD% net
assets

33,686

1,013,463
1,013,463
3,090,853

2.7
2.7
8.3

21,0691,194,823
1,194,823

3.2
3.2

Infrastructure Services
Itron Inc.
Total Infrastructure Services

7,786

770,503770,503

2.1
2.1

Renewable Power & Infrastructure
Carrier Global Corp.
Clearway Energy Inc.
CMS Energy Corp.
First Solar Inc.
NextEra Energy Inc.
NEXTracker Inc.
Public Service Enterprise Group Inc.
Total Renewable Power & Infrastructure

19,16927,74028,485
2,575
22,306
15,50022,066

1,209,181
684,901
1,695,712
580,560
1,579,488
726,640
1,626,264
8,102,746

3.3
1.9
4.6
1.6
4.3
2.0
4.4
22.1

Telecommunication Services
Crown Castle Inc.
Total Telecommunication Services

7,536

736,267
736,267

2.0
2.0

11,021
6,045
5,674
5,394

1,423,472
1,174,785
1,210,491
731,588
4,540,336
15,344,675

3.8
3.2
3.3
2.0
12.3
41.7

36,288,767

98.1

TOTAL TRANSFERABLE SECURITIES ADMITTED TO AN OFFICIAL STOCK EXCHANGE
LISTING36,288,767

98.1

TOTAL INVESTMENTS(Cost $37,008,343)

36,288,767

98.1

684,832

1.9

36,973,599

100.0

Security
Water
Severn Trent Plc
Total Water
TOTAL UNITED KINGDOMUNITED STATES (U.S.A.) (31 December 2023: 42.3%)
Electricity Transmission & Distribution
Eversource Energy
Total Electricity Transmission & Distribution

Water & Waste Infrastructure
American Water Works Co. Inc.
Republic Services Inc.
Waste Management Inc.
Xylem Inc.
Total Water & Waste Infrastructure
TOTAL UNITED STATESTOTAL LISTED SECURITIES : COMMON STOCKS(Cost $37,008,343)

Other Assets in Excess of Other Liabilities
TOTAL NET ASSETS

80

BROOKFIELD INVESTMENT FUNDS (UCITS) PLC
BROOKFIELD GLOBAL RENEWABLES AND SUSTAINABLE INFRASTRUCTURE UCITS FUNDSCHEDULE OF INVESTMENTS AS AT 30 June 2024 (continued)

ANALYSIS OF TOTAL ASSETS% TotalAssetsDescription
TRANSFERABLE SECURITIES ADMITTED TO AN OFFICIAL STOCK EXCHANGE LISTING

97.5

OTHER ASSETS

2.5

TOTAL

100.0

81

BROOKFIELD INVESTMENT FUNDS (UCITS) PLC
BROOKFIELD GLOBAL RENEWABLES AND SUSTAINABLE INFRASTRUCTURE UCITS FUNDSCHEDULE OF SIGNIFICANT PORTFOLIO CHANGES FOR THE FINANCIAL PERIOD ENDED
30 JUNE 2024
Significant Purchases
Security Name

Quantity

Cost
(USD)

E.ON SE
Eversource Energy
Redeia Corp. SA
Carrier Global Corp.
National Grid Plc
NEXTracker Inc.
Trane Technologies Plc
Itron Inc.
Pennon Group Plc
First Solar Inc.
Enel SpA
Serena Energia SA
EDP Renovaveis SA
Boralex Inc.
NextEra Energy Inc.
Crown Castle Inc.
Equatorial Energia SA
CMS Energy Corp.
American Water Works Co. Inc.
Public Service Enterprise Group Inc.

112,077
23,76973,40020,969101,876
16,6202,749
8,467
83,327
2,575
28,197
100,60911,700
6,000
1,516
936
13,129
1,400
600
886

1,516,928
1,390,775
1,228,551
1,169,039
1,152,560
928,577
852,782
822,816
766,162751,201
187,717
177,981
163,739
127,304
109,996
96,81986,264
83,443
72,48664,926

The table above shows a breakdown of material purchases of the sub-fund in accordance with the Regulations. All purchasesof investments exceeding 1% of the total value of purchases, or a minimum of the 20 largest purchases, are disclosed.

82

BROOKFIELD INVESTMENT FUNDS (UCITS) PLC
BROOKFIELD GLOBAL RENEWABLES AND SUSTAINABLE INFRASTRUCTURE UCITS FUNDSCHEDULE OF SIGNIFICANT PORTFOLIO CHANGES FOR THE FINANCIAL PERIOD ENDED
30 JUNE 2024 (continued)
Significant Sales
Security Name

Quantity

Proceeds(USD)

First Solar Inc.
National Grid Plc
Xcel Energy Inc.
SSE Plc
Republic Services Inc.
Grenergy Renovables SA
Atlantica Sustainable Infrastructure Plc
Pennon Group Plc
Enphase Energy Inc.
Nexans SA
Public Service Enterprise Group Inc.
Waste Management Inc.
Severn Trent Plc
Drax Group Plc
CMS Energy Corp.
Boralex Inc.
EDP Renovaveis SA
American Water Works Co. Inc.
Waste Connections Inc.
Eversource Energy

7,450
117,974
22,48647,7094,824
28,94645,74883,327
5,890
5,532
8,130
2,314
12,90463,3003,905
9,188
14,800
1,549
1,100
2,700

1,785,283
1,526,396
1,154,674
1,026,899
900,736
829,800
789,860
659,749584,722521,247
514,267
483,177
415,862
382,084
227,247
216,207
202,456
189,593
182,850
157,031

The table above shows a breakdown of material sales of the sub-fund in accordance with the Regulations. All sales ofinvestments exceeding 1% of the total value of sales, or a minimum of the 20 largest sales, are disclosed.

83

BROOKFIELD INVESTMENT FUNDS (UCITS) PLC
BROOKFIELD GLOBAL LISTED CORE INFRASTRUCTURE UCITS FUNDSCHEDULE OF INVESTMENTS AS AT 30 June 2024
Value
Security

SharesUSD% net
assets123,357

1,020,414
1,020,414
1,020,414

4.8
4.8
4.8

88,090326,511
326,5111.5
1.5

56,621

310,914
310,914
637,425

1.4
1.4
2.9

16,669376,623
376,623

1.8
1.8

13,317504,820504,820

2.4
2.4

5,351

421,415
421,415
1,302,858

2.0
2.0
6.2

32,227
108,447

265,566
379,820645,386
645,386

1.2
1.8
3.0
3.0

1) INVESTMENTS
A) TRANSFERABLE SECURITIES ADMITTED TO AN OFFICIAL STOCK EXCHANGE LISTING
1) LISTED SECURITIES : COMMON STOCKSAUSTRALIA (31 December 2023: 5.3%)
Toll Roads
Transurban Group
Total Toll Roads
TOTAL AUSTRALIABRAZIL (31 December 2023: 3.8%)
Rail
Rumo SA
Total Rail
UtilityEquatorial Energia SA
Total Utility
TOTAL BRAZILCANADA (31 December 2023: 6.2%)
Midstream
AltaGas Ltd.
Total Midstream
Oil Gas Transmission & Distribution
TC Energy Corp.
Total Oil Gas Transmission & Distribution
Rail
Canadian Pacific Kansas City Ltd.
Total RailTOTAL CANADACHINA (31 December 2023: 2.4%)
Utility
ENN Energy Holdings Ltd.
China Resources Gas Group Ltd.
Total Utility
TOTAL CHINA

84

BROOKFIELD INVESTMENT FUNDS (UCITS) PLC
BROOKFIELD GLOBAL LISTED CORE INFRASTRUCTURE UCITS FUNDSCHEDULE OF INVESTMENTS AS AT 30 June 2024 (continued)
Value
SharesUSD% net
assetsDENMARK (31 December 2023: 0.0%)
Renewable Power & Infrastructure
Orsted AS
Total Renewable Power & Infrastructure
TOTAL DENMARK

3,590

191,051
191,051
191,051

0.9
0.9
0.9

GERMANY (31 December 2023: 2.4%)
Renewables/Electric Generation
RWE AG
Total Renewables/Electric Generation
TOTAL GERMANY

11,580396,851
396,851
396,851

1.8
1.8
1.8

HONG KONG (31 December 2023: 2.3%)
Renewables/Electric Generation
CLP Holdings Ltd.
Total Renewables/Electric Generation
TOTAL HONG KONG

49,049396,335
396,335
396,335

1.9
1.9
1.9

9,830

335,243
335,243

1.6
1.6

22,950380,075
380,075
715,318

1.8
1.8
3.4

27,395428,529
428,529
428,529

2.0
2.0
2.0

5,500

228,305
228,305

1.1
1.1

5,549

215,482
215,482443,787

1.0
1.0
2.1

Security

JAPAN (31 December 2023: 3.0%)
Airports
Japan Airport Terminal Co. Ltd.
Total Airports
Rail
East Japan Railway Co.
Total RailTOTAL JAPANMEXICO (31 December 2023: 3.2%)
Airports
Grupo Aeroportuario del Pacifico SAB de CV
Total Airports
TOTAL MEXICONETHERLANDS (31 December 2023: 2.3%)
Midstream
Koninklijke Vopak NV
Total Midstream
Toll Roads
Ferrovial SE
Total Toll Roads
TOTAL NETHERLANDS

85

BROOKFIELD INVESTMENT FUNDS (UCITS) PLC
BROOKFIELD GLOBAL LISTED CORE INFRASTRUCTURE UCITS FUNDSCHEDULE OF INVESTMENTS AS AT 30 June 2024 (continued)
Value
Security

SharesUSD% net
assetsNEW ZEALAND (31 December 2023: 2.3%)
Airports
Auckland International Airport Ltd.
Total Airports
TOTAL NEW ZEALAND

93,800435,929435,929435,929

2.0
2.0
2.0

3,025

609,049
609,049

2.9
2.9

Electricity Transmission & Distribution
Redeia Corp. SA
Total Electricity Transmission & Distribution

15,937

278,545
278,545

1.3
1.3

Telecommunication Services
Cellnex Telecom SA
Total Telecommunication Services

13,309432,872
432,872

2.0
2.0

50,372

177,698
177,698
1,498,164

0.8
0.8
7.0

61,438685,460
685,460

3.2
3.2

31,88910,430231,183
313,793544,976
1,230,436

1.1
1.5
2.6
5.8

10,071

571,126
571,126

2.7
2.7

10,024

1,004,706
1,004,706

4.7
4.7

SPAIN (31 December 2023: 4.4%)
Airports
Aena SME SA
Total Airports

Toll Roads
Sacyr SA
Total Toll Roads
TOTAL SPAIN

UNITED KINGDOM (31 December 2023: 6.0%)
Utility
National Grid Plc
Total Utility
Water
Pennon Group Plc
Severn Trent Plc
Total Water
TOTAL UNITED KINGDOMUNITED STATES (U.S.A.) (31 December 2023: 53.6%)
Electricity Transmission & Distribution
Eversource Energy
Total Electricity Transmission & Distribution
Integrated Utilities/Renewables
Duke Energy Corp.
Total Integrated Utilities/Renewables

86

BROOKFIELD INVESTMENT FUNDS (UCITS) PLC
BROOKFIELD GLOBAL LISTED CORE INFRASTRUCTURE UCITS FUNDSCHEDULE OF INVESTMENTS AS AT 30 June 2024 (continued)
Value
Security

SharesUSD% net
assetsMidstream
Cheniere Energy Inc.
Targa Resources Corp.
Williams Cos Inc.
Total Midstream

3,897
4,145
12,464

681,313533,793529,720
1,744,826

3.2
2.5
2.5
8.2

Rail
CSX Corp.
Total Rail13,911

465,323
465,323

2.2
2.2

Renewable/Electric Generation
Entergy Corp.
Total Renewable/Electric Generation

5,694

609,258
609,258

2.9
2.9

Renewable Power & Infrastructure
CMS Energy Corp.
NextEra Energy Inc.
Public Service Enterprise Group Inc.
Xcel Energy Inc.
Total Renewable Power & Infrastructure

9,487
23,096
8,866
8,415

564,761
1,635,428
653,424
449,445
3,303,058

2.6
7.7
3.1
2.1
15.5

Telecommunication Services
Crown Castle Inc.
SBA Communications Corp.
Total Telecommunication Services

7,541
2,417

736,756
474,457
1,211,213

3.4
2.2
5.6

20,23021,09235,308
11,932626,725
607,661
616,478
907,548
2,758,412
11,667,922

2.9
2.8
2.9
4.2
12.8
54.6

TOTAL LISTED SECURITIES : COMMON STOCKS(Cost $21,152,913)

21,010,405

98.4

TOTAL TRANSFERABLE SECURITIES ADMITTED TO AN OFFICIAL STOCK EXCHANGE LISTING

21,010,405

98.4

TOTAL INVESTMENTS(Cost $21,152,913)

21,010,405

98.4

332,341

1.6

21,342,746

100.0

Utility
CenterPoint Energy Inc.
NiSource Inc.
PG&E Corp.
SempraTotal Utility
TOTAL UNITED STATESOther Assets in Excess of Other Liabilities
TOTAL NET ASSETS

87

BROOKFIELD INVESTMENT FUNDS (UCITS) PLC
BROOKFIELD GLOBAL LISTED CORE INFRASTRUCTURE UCITS FUNDSCHEDULE OF INVESTMENTS AS AT 30 June 2024 (continued)

ANALYSIS OF TOTAL ASSETS
Description% TotalAssetsTRANSFERABLE SECURITIES ADMITTED TO AN OFFICIAL STOCK EXCHANGE LISTING

97.9

OTHER ASSETS

2.1

TOTAL

100.0

88

BROOKFIELD INVESTMENT FUNDS (UCITS) PLC
BROOKFIELD GLOBAL LISTED CORE INFRASTRUCTURE UCITS FUNDSCHEDULE OF SIGNIFICANT PORTFOLIO CHANGES FOR THE FINANCIAL PERIOD ENDED
30 JUNE 2024
Significant Purchases
Security Name
Duke Energy Corp.
Eversource Energy
Xcel Energy Inc.
Williams Cos Inc.
Cheniere Energy Inc.
Japan Airport Terminal Co. Ltd.
TC Energy Corp.
NextEra Energy Inc.
Athens International Airport SA
Redeia Corp. SA
Aena SME SAONEOK Inc.
Orsted AS
Koninklijke Vopak NV
Sacyr SANational Grid Plc
Rumo SA
Pennon Group Plc
ENN Energy Holdings Ltd.
Crown Castle Inc.

Quantity

Cost
(USD)

10,644
10,7408,97812,9002,901
10,3099,230
5,419
35,246
17,019
1,233
3,280
4,160
5,500
50,372
17,75925,400
8,395
8,100
577

1,020,429
629,502479,112456,739454,236
397,754367,654
333,443
311,965
275,669
241,165234,644229,739
220,795
181,980
162,332
116,023
78,03866,23459,082The table above shows a breakdown of material purchases of the sub-fund in accordance with the Regulations. All purchasesof investments exceeding 1% of the total value of purchases, or a minimum of the 20 largest purchases, are disclosed.

89

BROOKFIELD INVESTMENT FUNDS (UCITS) PLC
BROOKFIELD GLOBAL LISTED CORE INFRASTRUCTURE UCITS FUNDSCHEDULE OF SIGNIFICANT PORTFOLIO CHANGES FOR THE FINANCIAL PERIOD ENDED
30 JUNE 2024 (continued)
Significant Sales
Security NamePPL Corp.
ONEOK Inc.
WEC Energy Group Inc.
DTE Energy Co.
Ameren Corp.
Cheniere Energy Inc.
Enbridge Inc.
Ferrovial SE
Athens International Airport SA
Williams Cos Inc.
Grupo Aeroportuario del Pacifico SAB de CV
Public Service Enterprise Group Inc.
Enel SpA
Drax Group Plc
West Japan Railway Co.
NextEra Energy Inc.
Rumo SACMS Energy Corp.
Aena SME SA
CLP Holdings Ltd.
Targa Resources Corp.
American Tower Corp.

Quantity

Proceeds(USD)

24,370
8,180
7,430
5,178
7,100
2,463
10,2808,583
35,246
6,896
14,916
3,244
33,28031,2288,518
2,466
33,5102,423
718
14,6701,075
513

647,213634,995
593,836
563,421521,723
389,508
376,116
330,318
327,111
248,862
243,709
213,843
211,553
188,492
177,332
176,761
156,331140,257
129,652
117,421110,719
96,491

The table above shows a breakdown of material sales of the sub-fund in accordance with the Regulations. All sales ofinvestments exceeding 1% of the total value of sales, or a minimum of the 20 largest sales, are disclosed.

90

BROOKFIELD INVESTMENT FUNDS (UCITS) PLC
APPENDIX
Additional Provisions for Investors in Switzerland
The state of the origin of the Company is Ireland. The Representative in Switzerland is ACOLIN Fund Services
AG, Leutschenbachstrasse 50, CH-8050 Zurich, whilst the Paying Agent is Helvetische Bank AG,
Seefeldstrasse 215, CH-8001 Zurich. The prospectus, the key information documents or the key investor
information documents, the articles, the list of purchases and sales as well as the annual and semiannual
reports may be obtained free of charge from the representative.
Total Expense Ratios
The total expense ratio was calculated based on the version currently applicable of the “Guidelines on thecalculation and disclosure of the Total Expense Ratio of collective investment schemes” of the AssetManagement Association (AMAS).
Sub-FundTotal Expense Ratio Total Expense Ratio
Financial Year
Financial Year
30 June 2024
31 December 2023%%

Brookfield Global Listed Real Estate UCITS FundClass A*Class AA**Class BClass EClass FClass IClass VClass W
Class Z

1.05
1.05
1.05
1.05
1.90
1.90
1.05

1.05
1.05
1.05
1.05
1.05
1.05
1.90
1.90
1.05

Brookfield Real Assets Securities UCITS FundClass E

1.05

1.05

Brookfield Global Renewables and Sustainable
Infrastructure UCITS FundClass BClass EClass FClass O***Class V

1.15
1.15
1.15
0.90
2.10

1.15
1.15
1.15
2.10

Brookfield Global Listed Core Infrastructure UCITS FundClass BClass EClass O***

1.00
1.00
0.90

1.00
1.00
-

* Class A Share Class terminated on 26 January 2023.
** Class AA Share Class terminated on 20 April 2023.
*** Class O share class was launched on 14 March 2024.

91

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