Average Annual Total Returns - As of September 30, 2018 Inception Date 1 Month Year-To-

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1 Due to rounded numbers presented, amounts may not add up precisely to the totals provided and may not reflect the absolute figures. Brookfield Global Listed Infrastructure UCITS Fund September 30, 2018 Investment Objective The Fund seeks total return through growth of capital and current income. There can be no assurance that the Fund will achieve its investment objective. QUARTERLY REPORT Fund Basics Total Fund Assets (in millions): $ Management Fee: 0.95% Estimated Total Expense Ratio: 1.00% 1 Minimum Investment: $250,000 1 As of December 31, The Investment Advisor has voluntarily agreed to cap the Total Expense Ratio at 1.15%. Share Class Details Class B (Institutional Accumulation) EUR Class E (Institutional Accumulation) USD Class F (Institutional Distribution) USD ISIN Code: IE00B63LDC43 IE00B4LP5Q27 IE00BB36BR51 Bloomberg: BFIFIUB BFIFIUE BFIFIDF Net Asset Value Per Share: $30.32 $17.99 Total Class Assets (millions): $182.2 $0.9 Average Annual Total Returns - As of September 30, 2018 Inception Date 1 Month Year-To- 3 Months Date 1 Year 3 Years 5 Years Since Inception Class B (EUR) 11/30/ % 1.15% 1.77% -0.06% 3.87% 5.52% 8.61% Dow Jones Brookfield Global Infrastructure Composite Index (EUR) -1.14% 0.63% 2.14% 0.83% 5.55% 8.71% 10.53% 2 Class E (USD) 11/30/ % 0.57% -1.54% -1.87% 5.23% 2.33% 6.28% Class F (USD) 6/18/ % 0.57% -1.54% -1.66% 5.30% 2.37% 2.58% Dow Jones Brookfield Global Infrastructure Composite Index (USD) -1.31% 0.11% -1.21% -0.94% 6.96% 5.43% 8.17% 2 2 Refers to the inception date of November 30, The Fund s performance is based on net of fees. Index performance is shown for illustrative purposes only and does not predict or depict the performance of the Fund. The Dow Jones Brookfield Global Infrastructure Composite Index is calculated and maintained by S&P Dow Jones Indexes and comprises infrastructure companies with at least 70% of their annual cash flows derived from owning and operating infrastructure assets, including MLPs. Brookfield has no direct role in the day-to-day management of the Dow Jones Brookfield Global Infrastructure Composite Index. The Index is unmanaged and, unlike the Fund, is not affected by cash flows or trading and other expenses. It is not possible to invest directly in an index. Index performance is shown for illustrative purposes only and does not predict or depict the performance of the Fund. Assets By Sector Sector Portfolio Weight (%) Index Weight (%) Pipelines 16.6% 16.5% Toll Roads 15.9% 11.0% MLP 15.4% 14.0% Electricity Transmission & Distribution 11.0% 18.9% Renewables/Electric 10.2% 0.0% Midstream 9.7% 7.8% Communications 9.2% 12.0% Airports 4.8% 5.6% Gas Utilities 4.3% 7.7% Water 1.9% 4.4% Rail 0.4% 0.0% Ports 0.0% 0.7% Other 0.0% 0.3% Diversified 0.0% 1.1% Cash 0.6% 0.0% Total 100.0% 100.0% Assets By Region Region Portfolio Weight (%) Index Weight (%) U.S. 53.2% 50.0% Continental Europe 15.8% 17.0% Canada 11.8% 13.8% Asia Pacific 8.3% 11.6% U.K. 6.7% 6.2% Latin America 3.7% 1.3% Cash 0.6% 0.0% Total 100.0% 100.0% Source: Brookfield Investment Management. Sector and country allocations are expressed as a percentage of total investments (by market value) and will vary over time.

2 Top 10 Holdings Ticker Security Sector Geography Weight ENB CN Enbridge Inc Pipelines Canada 6.7% AMT US American Tower Corp Communications U.S. 6.1% DG FP Vinci SA Toll Roads Continental Europe 5.9% EPD US Enterprise Products Partners LP MLP U.S. 5.4% NG/ LN National Grid PLC Electricity Transmission & Distribution U.K. 5.3% WMB US Williams Cos Inc/The Midstream U.S. 4.2% ETP US Energy Transfer Partners LP MLP U.S. 4.2% KMI US Kinder Morgan Inc/DE Pipelines U.S. 3.6% LNG US Cheniere Energy Inc Midstream U.S. 3.1% TCL AU Transurban Group Toll Roads Asia Pacific 2.7% Total 47.3% Source: Brookfield Investment Management. The top ten holdings are as of September 30, 2018 and will vary over time. There is no guarantee that the Fund currently holds any of the securities listed. The information above is based on the total assets of the Fund. The holdings listed should not be considered recommendations to purchase or sell a particular security. USD Share Class Top/Bottom Sector Contribution Sector Midstream 58 bps 65 bps 1.6% Renewables/Electric 53 bps 56 bps 9.9% MLP 46 bps 144 bps 0.7% Electricity Transmission & Distribution -17 bps -5 bps -7.9% Communications -28 bps 12 bps -2.9% Toll Roads -40 bps -86 bps 4.2% Top/Bottom Geography Contribution Geography U.S. 95 bps 274 bps 1.1% Asia Pacific 43 bps 16 bps -4.3% Latin America -9 bps 12 bps 1.8% Canada -10 bps -97 bps -1.0% U.K. -19 bps -44 bps 1.5% Continental Europe -33 bps -54 bps 0.9% Top/Bottom Security Contribution Ticker Security Geography Sector ETP US Energy Transfer Partners, L.P. U.S. MLP 39 bps 72 bps 2.2% ORSTED DC Orsted A/S Continental Europe Renewables/Electric 26 bps 26 bps 2.1% 384 HK China Gas Holdings Limited Asia Pacific Gas Utilities 24 bps 0 bps -0.7% SESG FP SES SA Continental Europe Communications -15 bps 0 bps -0.7% ENB CN Enbridge Inc. Canada Pipelines -19 bps -75 bps 2.0% ATL IM Atlantia S.p.A Continental Europe Toll Roads -43 bps -80 bps 0.5% EUR Share Class Top/Bottom Sector Contribution Sector Midstream 59 bps 65 bps 1.6% Renewables/Electric 52 bps 56 bps 9.9% MLP 46 bps 144 bps 0.7% Electricity Transmission & Distribution -16 bps -5 bps -7.9% Communications -28 bps 12 bps -2.9% Toll Roads -39 bps -86 bps 4.2% Top/Bottom Geography Contribution Geography U.S. 95 bps 274 bps 1.1% Asia Pacific 43 bps 16 bps -4.3% Latin America -9 bps 12 bps 1.8% Canada -10 bps -97 bps -1.0% U.K. -19 bps -44 bps 1.5% Continental Europe -33 bps -54 bps 0.9% Top/Bottom Security Contribution Ticker Security Geography Sector ETP US Energy Transfer Partners, L.P. U.S. MLP 39 bps 72 bps 2.2% ORSTED DC Orsted A/S Continental Europe Renewables/Electric 26 bps 26 bps 2.1% 384 HK China Gas Holdings Limited Asia Pacific Gas Utilities 24 bps 0 bps -0.7% SESG FP SES SA Continental Europe Communications -15 bps 0 bps -0.7% ENB CN Enbridge Inc. Canada Pipelines -19 bps -75 bps 2.0% ATL IM Atlantia S.p.A Continental Europe Toll Roads -43 bps -80 bps 0.5% Calculated by Brookfield Investment Management Inc. using FactSet. Total Contribution refers to the change in the Fund s value (excluding cash) over the period. refers to the difference between the change in the Fund s value (excluding cash) relative to the change in the Dow Jones Brookfield Global Infrastructure Composite Index (USD) value over the period. is expressed in local currency. Due to rounded numbers presented, amounts may not add up precisely to the totals provided and may not reflect the absolute figures. Page 2

3 Market Commentary Global equities gain more than 5% in the quarter Global equities, as measured by the MSCI World Index, rose 5.1% during the third quarter of All regions of the index were positive, with North America returning 7.2%, Asia Pacific 2.4% and Europe 0.8%. In the U.S., the S&P 500 rose 7.7%. Consumer confidence hit its highest level since 2000 and initial monthly jobless claims fell to the lowest level since Trade tensions between the U.S. and China continued to escalate during the quarter as the U.S. administration imposed tariffs on $200 billion of Chinese goods. The U.S. now has now placed tariffs on $250 billion of goods, or roughly half of all Chinese imports. China announced it would impose retaliatory tariffs on up to $60 billion of U.S. goods. Additionally, the Chinese government has announced plans to sell $3 billion in U.S. bonds. This would be China's second dollar-bond sale this year, but only its third since The Federal Open Market Committee announced the third rate hike of the year during its September meeting, raising the target federal funds rate by 25 basis points, to a range of 2% to 2.25%. The vast majority of FOMC members expect another hike to take place in December. The yield on 10-Year U.S. Treasuries rose 20 basis points in the quarter, to 3.06%. The spot price of West Texas Intermediate Crude Oil fell 1.3% during the quarter, closing at $73.16 per barrel. Infrastructure equities The Dow Jones Brookfield Global Infrastructure Index declined 0.8%, while the FTSE Global Core Infrastructure 50/50 Index gained 0.7% during the third quarter. The Asia Pacific and Europe regions of the Dow Jones Brookfield Global Infrastructure Index both declined 2.7%; and the Americas fell 0.7%. By sector, Airports declined 10.9%, Toll Roads were down 3.8% and Ports fell 1.4%. Conversely, Oil & Gas Storage & Transportation was up 4.3%, followed by Water (+3.1%), Electricity Transmission & Distribution (+3.0%), Diversified (+0.6%) and Communications (+0.4%). Outlook Our outlook for energy infrastructure is unchanged and we remain optimistic based on several factors. We believe volume growth is strong, valuations remain compelling despite the recent rebound in prices and we think capital markets are rewarding the right projects. New projects continue to be announced to address takeaway constraints for crude oil and natural gas in key U.S. basins. As such, we believe these constraints should be short lived. Additionally, we are encouraged by the manner in which corporate governance structures are improving and the shift toward models that are less reliant on equity markets to fund growth. Headwinds of higher interest rates (relative to recent history) continue to weigh on the outlook for utilities in the near term. This has given us the opportunity to rotate into higher quality companies within the sector. Overall, we maintain our preference for utilities exposed to low-cost renewables generation, as well as those located in favorable regulatory environments. Regulatory risk in California has abated somewhat, with the state legislature approving a bill designed to protect utilities from potential liabilities related to the 2017 wildfires. Regulatory risk remains a concern for us among Chinese utilities, where regulatory changes can be swift and unexpected. Overall traffic trends in Europe remain favorable. Traffic growth is also positive in Latin America, and we have become more constructive on a number of transport companies in the region. We have adjusted our near-term outlook for U.S. communication towers as we believe current valuations appear fair valued. Among satellite operators, we are monitoring developments around the C-band spectrum. The U.S. Federal Communications Commission (FCC) is considering repurposing a portion of that spectrum for next-generation 5G services; and we continue to evaluate the value of these spectrum rights. A mixture of healthy economic data, higher interest rates and low-risk appetite has continued to support a strong dollar. Overall, U.S. economic data appears firm. Headline CPI and unemployment stand at 2.7% and 3.9%, respectively. Additionally, confidence indicators like the Institute for Supply Management (ISM) Indexes are currently highlighting positive sentiment. The economic outlook for the eurozone remains positive despite the fact the euro is still under pressure against the USD, as the current environment of higher yields in the U.S. favors a strong dollar. As interest rates continue to move higher, we remain cautious around some sectors within the listed infrastructure universe that are more sensitive to these moves. However, we have seen opportunities emerge to add quality assets at more attractive valuations. As a group, listed infrastructure valuations are currently compelling compared to broader equities and we see potential for these stocks to outperform over the longer term. Important Disclosures Brookfield Investment Management Inc., the Fund's investment advisor, has voluntarily agreed to waive all or a portion of its management fees and/or reimburse certain expenses of the Fund to the extent necessary to maintain the Fund's total expense ratio (excluding brokerage commissions and other transactional expenses, interests, taxes and extraordinary expenses, such as litigation; and other expenses not incurred in the ordinary course of the Fund's business) at no more than 1.15% of the Fund's share classes. This fee waiver and expense reimbursement arrangement is voluntary which the Fund's investment advisor may terminate in its sole discretion at any time. Please refer to the Fund's prospectus, supplementary prospectus and Key Investor Information Document (KIID) available at for a discussion of any charges that may be applied to an investment in the Fund. Page 3

4 The state of the origin of the Fund is Ireland. The Representative in Switzerland is ACOLIN Fund Services AG, Affolternstrasse 56, CH-8050 Zurich, whilst the Paying Agent is Neue Helvetische Bank AG, Seefeldstrasse 215, CH-8008 Zurich. In respect of the units distributed in or from Switzerland, the place of performance and jurisdiction is at the registered office of the Swiss representative. The prospectus, the key investor information document (KIID), the articles of association, as well as the semi-annual and annual reports may be obtained free of charge at the registered office of the Swiss Representative. The current document is intended for information purposes only and shall not to be used as an offer to buy and/or sell shares. Past performance is no indication of current or future performance. The performance data does not take account of the commissions and costs incurred on the issue and redemption of units. A fund's investment objectives, risks, changes and expenses must be considered carefully before investing. The prospectus contains this and other important information about the investment company, and it may be obtained by calling +1 (855) or visiting Please read the prospectus carefully before investing. Investing in the Fund involves risk. Principal loss is possible. Infrastructure companies may be subject to a variety of factors that may adversely affect their business, including high interest costs, high leverage, regulation costs, economic slowdown, surplus capacity, increased competition, lack of fuel availability and energy conversation policies. The Fund invests in small and mid-cap companies, which involve additional risks such as limited liquidity and greater volatility. The Fund invests in securities outside of the U.S. which involve greater volatility and political, economic and currency risks and differences in accounting methods. Investing in emerging markets may entail special risks relating to potential economic, political or social instability and the risks of nationalization, confiscation or the imposition of restrictions on foreign investment. Investment by the Fund in lower-rated and non-rated securities presents a greater risk of loss to principal and interest than higher-rated securities. Some securities held may be difficult to sell, particularly during times of market turmoil. If the Fund is forced to sell an illiquid asset to meet redemption, it may be forced to sell at a loss. The risk of owning an ETF generally reflects the risks of owning the underlying securities the ETF holds. An ETN may be influenced by time to maturity, level of supply & demand for the ETN, volatility and lack of liquidity in the underlying securities' markets, changes in the applicable interest rates, changes in the issuer's credit rating and economic, legal, political or geographic events. Using derivatives exposes the Fund to additional risks, may increase the volatility of the Fund's net asset value and may not provide the result intended. Since the Fund will invest in securities in the infrastructure industry, the Fund may be subject to greater volatility than a fund that is more broadly diversified. The quoted indexes within this fact sheet do not reflect deductions for fees, expenses or taxes. These indexes are unmanaged and cannot be purchased directly by investors. Index performance is shown for illustrative purposes only and does not predict or depict the performance of any investment. There may be material factors relevant to any such comparison such as differences in the volatility, and regulatory and legal restrictions between the indices shown and the Fund. Past performance is no guarantee of future results. An investment in the Fund involves risk, including loss of principal. Investment return and the value of shares will fluctuate. Returns are calculated by determining the percentage change in net asset value (NAV). The returns do not reflect broker sales charges or commissions. NAV is total assets less total liabilities divided by the number of shares outstanding. This material is presented only to provide information and is not intended for trading purposes. Current performance may be lower or higher than the performance quoted. For information about other share classes available, please consult the prospectus. Performance of Fund classes will differ. Please see the prospectus for details. To obtain performance information current to the most recent month-end, please call +1 (855) Brookfield Global Listed Infrastructure UCITS Fund is managed by Brookfield Investment Management Inc. Investing in MLPs involves additional risks as compared to the risks of investing in common stock, including risks related to cash flow, dilution and voting rights. The strategy's investments are concentrated in the energy infrastructure industry with an emphasis on securities issued by MLPs, which may increase volatility. Energy infrastructure companies are subject to risks specific to the industry such as fluctuations in commodity prices, reduced volumes of natural gas or other energy commodities, environmental hazards, changes in the macroeconomic or the regulatory environment or extreme weather. MLPs may trade less frequently than larger companies due to their smaller capitalizations which may result in erratic price movement or difficulty in buying or selling. Additional management fees and other expenses are associated with investing in MLPs. Additionally, investing in MLPs involves material income tax risks and certain other risks. Actual results, performance or events may be affected by, without limitation, (1) general economic conditions, (2) performance of financial markets, (3) interest rate levels, (4) changes in laws and regulations and (5) changes in the policies of governments and/or regulatory authorities. Investing in MLPs may generate unrelated business taxable income (UBTI) for tax-exempt investors both during the holding period and at time of sale. This material is provided for general and educational purposes only, and is not intended to provide legal, tax or investment advice or to avoid legal penalties that may be imposed under U.S. federal tax laws. Investors should contact their own legal or tax advisors to learn more about the rules that may affect individual situations. Definitions The MSCI World Index is a free float-adjusted market capitalization weighted index that is designed to measure the equity market performance of developed markets. The Dow Jones Brookfield Global Infrastructure Composite Index is calculated and maintained by S&P Dow Jones Indexes and comprises infrastructure companies with at least 70% of their annual cash flows derived from owning and operating infrastructure assets, including MLPs. Brookfield has no direct role in the day-to-day management of the Dow Jones Brookfield Global Infrastructure Composite Index. The Dow Jones Brookfield Global Infrastructure Index is calculated and maintained by S&P Dow Jones Indexes and comprises infrastructure companies with at least 70% of their annual cash flows derived from owning and operating infrastructure assets. Brookfield has no direct role in the day-to-day management of the Dow Jones Brookfield Global Infrastructure Index. The FTSE Global Core Infrastructure 50/50 Index gives participants an industry-defined interpretation of infrastructure and adjusts the exposure to certain infrastructure sub-sectors. The constituent weights are adjusted as part of the semi-annual review according to three broad industry sectors - 50% Utilities, 30% Transportation including capping of 7.5% for railroads/railways and a 20% mix of other sectors including pipelines, satellites and telecommunication towers. Company weights within each group are adjusted in proportion to their investable market capitalization. The S&P 500 Index is an equity index of 500 widely held, large-capitalization U.S. companies. The U.S. 10-Year Treasury Note is a debt obligation issued by the United States government that matures in 10 years and pays interest at a fixed rate once every six months and pays the face value to the holder at maturity. Page 4

5 Brookfield Investment Management Inc. does not own or participate in the construction, or day-to-day management of the indices referenced in this document. The index information provided is for your information only and does not imply or predict that a Brookfield Investment Management Inc. product will achieve similar results. This information is subject to change without notice. The Indices referenced in this document do not reflect any fees, expenses, sales charges, or taxes. It is not possible to invest directly in an index. The index sponsors permit use of their indices and related data on an "As Is" basis, makes no warranties regarding same, does not guarantee the suitability, quality, accuracy, timeliness, and/ or completeness of their index or any data included in, related to, or derived therefrom, assumes no liability in connection with the use of the foregoing. The index sponsors have no liability for any direct, indirect, special, incidental, punitive, consequential, or other damages (including loss profits). The index sponsors do not sponsor, endorse, or recommend Brookfield Investment Management Inc. or any of its products or services. There may be material factors relevant to any such comparison such as differences in the volatility, and regulatory and legal restrictions between the indices shown and the Fund. Page 5