Brookfield Global Listed Infrastructure Fund seeks total return through growth of capital and current income.
The Fund seeks to achieve its investment objective by investing primarily in securities of publicly traded infrastructure companies. Under normal market conditions, the Fund will attempt to achieve its investment objective by investing, as a principal strategy, at least 80% of its net assets (plus the amount of any borrowing for investment purposes) in publicly traded equity securities of infrastructure companies listed on a domestic or foreign exchange, throughout the world, including the United States (the “80% Policy”), and, as part of the 80% Policy, at least 40% of the Fund’s net assets (plus the amount of any borrowing for investment purposes) will be invested in publicly traded securities of infrastructure companies whose primary operations or principal trading market is in a foreign market, and that are not subject to the requirements of the U.S. securities laws, markets and accounting requirements ("Foreign Securities"). The Fund may also invest, as a principal strategy, up to 25% of its net assets (plus the amount of any borrowing for investment purposes) in energy-infrastructure companies organized as master limited partnerships.
The Fund defines an infrastructure company as any company that derives at least 50% of its revenue or profits from the ownership or operation of infrastructure assets. The Fund defines infrastructure assets as the physical structures, networks and systems of transportation, energy, water and sewage, and communication.
- toll roads, bridges and tunnels;
- electricity transmission and distribution lines;
- gathering, treating, processing, fractionation, transportation and storage of hydrocarbon products;
- water and sewage treatment and distribution pipelines;
- communication towers and satellites; and
Notice regarding 1099-DIV
The Brookfield Global Listed Infrastructure, Brookfield Global Listed Real Estate, Brookfield US Listed Real Estate and Brookfield Real Assets Securities Funds (The Brookfield Funds) will mail tax form statements (1099-DIV) on a delayed basis. The Brookfield Funds invest in Master Limited Partnerships (MLPs) and real estate investment trusts (REITs), and even though the Brookfield Funds identify the total amount of distributions received from those investments throughout the tax year, the Funds cannot accurately identify the tax character of these distributions, due to certain tax adjustments, until form K-1 and 1099 information is received from Funds’ MLP and REIT investments and the Fund can appropriately characterize the income from these investments. The Funds will seek to provide forms 1099-DIV to investors as soon as possible.
For the reasons outlined above, the Brookfield Funds requested an extension from the Internal Revenue Service to mail forms 1099-DIV through March 15th, 2017, however anticipate mailing in advance of that date in late February.
Why Invest in the Brookfield Global Listed Infrastructure Fund
Opportunities Driven by the Growing Demands for Infrastructure Spending
Years of underinvestment in developed economies have led to the obsolescence and deterioration of existing infrastructure assets, which need to be replaced or upgraded. Within emerging markets, the key drivers of infrastructure spending are generally tied to the build out of basic services to meet the demands of population growth, urbanization and a growing middle-class consumer. An investment in the Fund could provide an opportunity to capitalize on investment potential of these long-term mega-themes.
A Fund with Income and Growth Potential
Infrastructure companies—found in sectors such as transportation, utilities, energy transmission and communications—provide essential goods and services to businesses and consumers. Since the revenues they generate are often subject to contracts or regulation, infrastructure companies have the potential to generate relatively steady and enduring income streams. Infrastructure revenues may also benefit from long-term economic growth due to rising throughput, which can lead to capital appreciation potential.
The Potential Benefits of a Globally Diversified Approach
The Manager believes that a global approach to investing in infrastructure is very important, because not all regions of the global economy are at the same stage of the economic cycle, and different regions offer different types of opportunities. For example, U.S. infrastructure tends to be concentrated in the energy pipeline, communications and utility sectors. Transportation assets, such as toll roads, airports and ports, are much more prevalent in Europe and Asia. A multi-sector approach adds geographic diversification, which can help mitigate the regulatory and geopolitical risks of investing in a single region.
Diversification does not guarantee a profit or protect from loss in a declining market.
Shareholder Account Information – Initial Sales Charge (Class A Shares Only)
The sales charge is imposed on Class A Shares of a Fund at the time of purchase in accordance with the following schedule:
|Amount of Investment
||Sales Charge as % of the Offering Price*
||Sales Charge as % of Amount Invested
||Reallowance to Broker-Dealers
|Less than $50,000
|$50,000 but under $100,000
|$100,000 but under $250,000
|$250,000 but under $500,000
|$500,000 but under $1 million
|$1 million or more
* Includes front-end sales load.
No sales charge is imposed on reinvestment of distributions selected in advance of the distributions.
Breakpoints or Volume Discounts
Each Fund offers you the benefit of discounts on the sales charges that apply to purchases of Class A Shares in certain circumstances. These discounts, which are also known as breakpoints, can reduce or, in some instances, eliminate the initial sales charges that would otherwise apply to your investment in Class A Shares. Mutual funds are not required to offer breakpoints and different mutual fund groups may offer different types of breakpoints.
Breakpoints or Volume Discounts allow larger investments in Class A Shares to be charged lower sales charges. If you invest $50,000 or more in Class A Shares of a Fund, then you are eligible for a reduced sales charge. Initial sales charges are eliminated completely for purchases of $1,000,000 or more, although a 1% CDSC may apply if shares are redeemed within eighteen months after purchase.