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Trending ETFs

Name

Price

Aum/Mkt Cap

YIELD

Exp Ratio

Watchlist

$9.74

$54.8 M

0.00%

$0.00

0.90%

Vitals

YTD Return

5.5%

1 yr return

-3.9%

3 Yr Avg Return

-0.1%

5 Yr Avg Return

0.9%

Net Assets

$54.8 M

Holdings in Top 10

23.0%

52 WEEK LOW AND HIGH

$9.7
$8.42
$10.80

Expenses

OPERATING FEES

Expense Ratio 0.90%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 65.00%

Redemption Fee N/A


Min Investment

Standard (Taxable)

$1,000

IRA

N/A


Fund Classification

Fund Type

Open End Mutual Fund


Name

Price

Aum/Mkt Cap

YIELD

Exp Ratio

Watchlist

$9.74

$54.8 M

0.00%

$0.00

0.90%

RASYX - Profile

Distributions

  • YTD Total Return 5.5%
  • 3 Yr Annualized Total Return -0.1%
  • 5 Yr Annualized Total Return 0.9%
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio 1.09%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Quarterly

Fund Details

  • Legal Name
    Brookfield Real Assets Securities Fund
  • Fund Family Name
    Brookfield Investment Funds
  • Inception Date
    Nov 19, 2014
  • Shares Outstanding
    5298197
  • Share Class
    Inst
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Larry Antonatos

Fund Description

The Fund seeks to achieve its investment objective by investing in the “real assets” asset class, which includes the following categories:
real estate securities;
infrastructure securities; and
natural resources securities (collectively, “Real Asset Securities”).
Under normal market conditions, the Fund will invest at least 80% of its net assets (plus any borrowings for investment purposes) in Real Asset Securities (the “80% Policy”). The Fund may purchase both equity and fixed income securities. The Fund actively trades portfolio securities. The Fund may invest in securities of companies or issuers of any size market capitalization. The Fund will invest in companies or issuers located throughout the world and there is no limitation on the Fund’s investments in foreign securities or in emerging markets.
The Fund may change the 80% Policy without shareholder approval. The Fund will provide shareholders with written notice at least 60 days prior to the implementation of any change to the 80% Policy.
In managing the Fund, the Adviser will determine the Fund’s strategic asset allocation. The Fund has flexibility in the relative weightings given to each of these categories. In addition, the Fund may, in the future, invest in additional investment categories other than those listed herein, to the extent consistent with the Fund’s investment objective.
The Fund may invest in common, convertible and preferred stock, restricted (“144A”) or private securities, asset-backed securities (“ABS”) including ABS that are backed by interest in real estate or land, mortgage-backed securities (“MBS”) of any kind, interests in loans and/or whole loan pools of mortgages, mortgage real estate investment trusts (“mortgage REITs”), investment grade fixed income securities, high yield fixed income securities (“junk bonds”), collateralized loan obligations (“CLOs”), bank loans (including participations, assignments, senior loans, delayed funding loans and revolving credit facilities), open-end and closed-end investment companies, including exchange-traded funds (“ETFs”), exchange-traded notes (“ETNs”), and securities issued and/or guaranteed by the U.S. Government, its agencies or instrumentalities or sponsored corporations, as described in this Prospectus. The Fund may invest in fixed income securities of any maturity. The Fund’s investments in MBS may include residential MBS (“RMBS”) or commercial MBS (“CMBS”).
The Fund defines a real estate security as any security tied to a company or issuer that (i) derives at least 50% of its revenues from the ownership, operation, development, construction, financing, management, or sale of commercial, industrial, or residential real estate and similar activities, or (ii) commits at least 50% of its assets to activities related to real estate.
For purposes of selecting investments in real estate securities, the Fund defines the real estate sector broadly. It includes, but is not limited to, the following:
real estate investment trusts (“REITs”);
real estate operating companies (“REOCs”);
firms dependent on real estate holdings for revenues and profits, including lodging, leisure, timber, mining, and agriculture companies; and
debt securities, including securitized obligations, which are predominantly supported by real estate assets.
REITs are companies that own interests in real estate or in real estate related loans or other interests, and their revenue primarily consists of rent derived from owned, income producing real estate properties and capital gains from the sale of such properties. A REIT in the United States is generally not taxed on income distributed to shareholders so long as it meets tax-related requirements, including the requirement that it distribute substantially all of its taxable income to its shareholders.
REOCs are real estate companies that have not elected to be taxed as REITs and therefore are not required to distribute taxable income and have fewer restrictions on what they can invest in.
The Fund defines an infrastructure security as any security tied to a company or issuer that (i) derives at least 50% of its revenue or profits, either directly or indirectly, from infrastructure assets, or (ii) commits at least 50% of its assets to activities related to infrastructure.
For purposes of selecting investments in infrastructure securities, the Fund defines the infrastructure sector broadly. It includes, but is not limited to, the physical structures, networks, and systems of:
transportation;
energy;
water and sewage; and
communication.
Infrastructure securities also includes master limited partnerships (“MLPs”).
From time to time, the Fund may invest in stapled securities to gain exposure to infrastructure companies in Australia. A stapled security, which is widely used in Australia, is a security that is comprised of two parts that cannot be separated from one another. The two parts of a stapled security are a unit of a trust and a share of a company. The resulting security is influenced by both parts and must be treated as one unit at all times, such as when buying or selling the security.
The Fund defines a natural resources security as any security tied to a company or issuer that (i) derives at least 50% of its revenues, profits, or value, either directly or indirectly, from natural resources assets, including, but not limited to:
timber and agriculture;
metals, including, but not limited to, precious metals, such as gold, silver, and platinum; ferrous and nonferrous metals, such as iron, aluminum, and copper; and metals such as uranium and titanium; and
energy, including the exploration, production, processing, and manufacturing of hydrocarbon-related and chemical-related products; and
commodities and commodity-linked assets and securities to gain exposure to the commodities markets without investing directly in physical commodities; or
(ii) provides supporting services to such natural resources companies or issuers.
For purposes of investments in natural resources assets, the Fund may use commodities and commodity-linked assets and securities to gain exposure to the commodities markets without investing directly in physical commodities. Commodities are assets that have tangible properties, such as oil, coal, natural gas, agricultural products, industrial metals, livestock, and precious metals.
The Fund may use futures and options on securities, indices, commodities, and currencies, forward foreign currency exchange contracts, swaps, and other derivatives. A derivative is a security or instrument whose value is determined by reference to the value or the change in value of one or more securities, currencies, indices, or other financial instruments. The Fund may use derivatives for a variety of purposes, including:
as a hedge against adverse changes in the market prices of securities, interest rates or currency exchange rates;
as a substitute for purchasing or selling securities;
to increase the Fund’s return as a non-hedging strategy that may be considered speculative; and
to manage the Fund’s portfolio characteristics.
Outside of its investments in real asset securities, the Fund may invest up to 20% of its net assets in equities or fixed income securities other than the types described above, including in Treasury Inflation Protected Securities (“TIPS”) and other inflation-linked fixed income securities.
Asset allocation decisions will be made by Larry Antonatos and Gaal Surugeon. The Adviser employs a top-down macroeconomic perspective complemented by a bottom-up sector valuation methodology when determining asset allocation. For security selection, the Adviser utilizes a fundamental, bottom-up, value-based selection methodology, taking into account short-term considerations, such as temporary market mispricing, and long-term considerations, such as values of assets and cash flows. The Adviser also draws upon the expertise and knowledge within Brookfield Asset Management Inc. and its affiliates, which provides extensive owner/operator insights into industry drivers and trends. The Adviser takes a balanced approach to investing, seeking to mitigate risk through diversification, credit analysis, economic analysis and review of sector and industry trends. The Adviser uses proprietary research to select individual securities that it believes can add value from income and/or the potential for capital appreciation. The proprietary research may include an assessment of a company’s general financial condition, its competitive positioning and management strength, as well as industry characteristics and other factors. The Fund may sell a security that becomes overvalued or no longer offers an attractive risk/reward profile. A security may also be sold due to changes in portfolio strategy or cash flow needs.
No assurance can be given that the Fund’s investment objective will be achieved. The Fund’s policy of concentration in investments offering exposure to real assets, which includes real estate securities, infrastructure securities and natural resource securities as defined in this Prospectus, is a fundamental policy of the Fund. This fundamental policy may not be changed without the approval of the holders of a majority of the Fund’s outstanding voting securities, as defined in the 1940 Act.
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RASYX - Performance

Return Ranking - Trailing

Period RASYX Return Category Return Low Category Return High Rank in Category (%)
YTD 5.5% -23.7% 16.4% 18.45%
1 Yr -3.9% -8.9% 48.3% 13.95%
3 Yr -0.1%* -2.2% 16.4% 43.65%
5 Yr 0.9%* -0.7% 13.4% 44.39%
10 Yr N/A* 0.9% 11.8% N/A

* Annualized

Return Ranking - Calendar

Period RASYX Return Category Return Low Category Return High Rank in Category (%)
2022 -11.7% -40.8% 20.6% 3.33%
2021 7.7% -21.0% 24.5% 95.67%
2020 -2.3% -24.2% 27.8% 7.71%
2019 4.2% -23.1% 11.7% 55.22%
2018 -2.5% -100.0% 20.6% 91.55%

Total Return Ranking - Trailing

Period RASYX Return Category Return Low Category Return High Rank in Category (%)
YTD 5.5% -23.7% 16.4% 17.81%
1 Yr -3.9% -12.8% 48.3% 13.35%
3 Yr -0.1%* -3.4% 16.4% 39.08%
5 Yr 0.9%* -1.1% 13.4% 40.73%
10 Yr N/A* 0.9% 11.8% N/A

* Annualized

Total Return Ranking - Calendar

Period RASYX Return Category Return Low Category Return High Rank in Category (%)
2022 -11.7% -40.8% 20.6% 3.33%
2021 7.7% -21.0% 24.5% 95.67%
2020 -2.3% -24.2% 27.8% 7.94%
2019 4.2% -23.1% 11.7% 71.46%
2018 -2.5% -2.9% 23.1% 94.55%

NAV & Total Return History


RASYX - Holdings

Concentration Analysis

RASYX Category Low Category High RASYX % Rank
Net Assets 54.8 M 1.12 M 110 B 86.18%
Number of Holdings 324 2 10961 45.72%
Net Assets in Top 10 13 M -31.7 M 22 B 87.27%
Weighting of Top 10 22.95% 10.8% 100.0% 71.40%

Top 10 Holdings

  1. MSCORDD INDEX SWAP 5.65%
  2. MSCORDD INDEX SWAP 5.65%
  3. MSCORDD INDEX SWAP 5.65%
  4. MSCORDD INDEX SWAP 5.65%
  5. MSCORDD INDEX SWAP 5.65%
  6. MSCORDD INDEX SWAP 5.65%
  7. MSCORDD INDEX SWAP 5.65%
  8. MSCORDD INDEX SWAP 5.65%
  9. MSCORDD INDEX SWAP 5.65%
  10. MSCORDD INDEX SWAP 5.65%

Asset Allocation

Weighting Return Low Return High RASYX % Rank
Stocks
86.87% -45.72% 98.42% 1.25%
Bonds
6.74% -39.76% 93.84% 89.56%
Preferred Stocks
3.63% -0.03% 14.00% 8.35%
Cash
2.21% -97.12% 185.58% 64.30%
Other
0.38% -1.25% 197.12% 44.89%
Convertible Bonds
0.17% 0.00% 25.49% 55.32%

Stock Sector Breakdown

Weighting Return Low Return High RASYX % Rank
Real Estate
40.29% 0.00% 90.14% 5.10%
Utilities
28.97% 0.00% 40.29% 1.91%
Industrials
15.73% 0.09% 32.39% 7.01%
Energy
12.57% 0.00% 38.61% 20.38%
Communication Services
1.65% 0.00% 28.59% 92.14%
Technology
0.45% 0.00% 39.48% 92.36%
Consumer Cyclical
0.34% 0.00% 20.84% 94.27%
Healthcare
0.00% 0.00% 30.30% 95.33%
Financial Services
0.00% 0.00% 30.34% 95.97%
Consumer Defense
0.00% 0.00% 31.85% 98.09%
Basic Materials
0.00% 0.00% 60.23% 99.58%

Stock Geographic Breakdown

Weighting Return Low Return High RASYX % Rank
US
49.65% -4.82% 95.75% 9.19%
Non US
37.22% -46.69% 57.06% 12.11%

Bond Sector Breakdown

Weighting Return Low Return High RASYX % Rank
Corporate
57.07% 0.00% 99.90% 21.92%
Cash & Equivalents
42.93% 0.10% 100.00% 18.16%
Derivative
0.00% 0.00% 41.88% 78.50%
Securitized
0.00% 0.00% 83.28% 88.10%
Municipal
0.00% 0.00% 31.28% 72.03%
Government
0.00% 0.00% 98.64% 96.03%

Bond Geographic Breakdown

Weighting Return Low Return High RASYX % Rank
US
6.01% -177.12% 87.76% 83.09%
Non US
0.73% -39.00% 137.36% 82.46%

RASYX - Expenses

Operational Fees

RASYX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.90% 0.16% 2.71% 67.22%
Management Fee 0.75% 0.00% 1.70% 67.88%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee 0.15% 0.01% 0.70% 77.37%

Sales Fees

RASYX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 0.00% 5.75% N/A
Deferred Load N/A 1.00% 5.50% N/A

Trading Fees

RASYX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 2.00% 2.00% 92.86%

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

RASYX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 65.00% 0.00% 441.00% 54.78%

RASYX - Distributions

Dividend Yield Analysis

RASYX Category Low Category High RASYX % Rank
Dividend Yield 0.00% 0.00% 10.92% 70.69%

Dividend Distribution Analysis

RASYX Category Low Category High Category Mod
Dividend Distribution Frequency Quarterly Annually Monthly Monthly

Net Income Ratio Analysis

RASYX Category Low Category High RASYX % Rank
Net Income Ratio 1.09% -5.20% 6.33% 65.80%

Capital Gain Distribution Analysis

RASYX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually

Distributions History

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RASYX - Fund Manager Analysis

Managers

Larry Antonatos


Start Date

Tenure

Tenure Rank

Feb 29, 2016

6.25

6.3%

Mr. Antonatos has 29 years of industry experience and is a Portfolio Manager for the Public Securities Group’s Real Asset Solutions team. In this role he oversees the portfolio construction process, including execution of asset allocation. Larry joined Brookfield in 2011 as Product Manager for the firm’s equity investment strategies. Prior to joining Brookfield, he was a portfolio manager for a U.S. REIT strategy for 10 years. He also has investment experience with direct property, CMBS, and mortgage loans. Larry earned a Master of Business Administration degree from the Wharton School of the

Gaal Surugeon


Start Date

Tenure

Tenure Rank

Nov 30, 2020

1.5

1.5%

Gaal Surugeon has 13 years of industry experience and is a Portfolio Manager for the Public Securities Group’s Real Asset Solutions team. He is responsible for portfolio construction and asset allocation for the firm’s diversified real asset portfolios. Prior to joining the firm in 2019, Gaal was an Executive Director at Oppenheimer Asset Management where he served as manager of the firm’s multi-asset portfolios and Director of Asset Allocation and Research. Prior to that, he was an Associate Economist at Decision Economics, Inc. Gaal holds the Chartered Financial Analyst designation and is a member of the CFA Society Chicago. He earned a Bachelor of Arts in Economics from the University of Michigan.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.03 30.27 6.52 9.25