BRUIX — Brookfield U.S. Listed Real Estate Fund

BRUIX Fund Overview

BRUIX — Brookfield U.S. Listed Real Estate Fund is a US mutual fund managed by Brookfield Investment Funds, categorised as Europe Real Estate. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.

• Type: US mutual fund
• Manager: Brookfield Investment Funds
• Category: Europe Real Estate
• Assets under management: $13.79M
• 1-year return: -15.0%
• Ticker: BRUIX
• SEC CIK: 0001520738
• SEC series ID: S000042913
• Share class ID: C000133020

BRUIX Investment Objective and Strategy

Brookfield U.S. Listed Real Estate Fund describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Brookfield Investment Funds.

Investment objective

The Brookfield U.S. Listed Real Estate Fund (the Fund or the U.S. Real Estate Fund) seeks total return through growth of capital and current income.

Principal investment strategy

The Fund seeks to achieve its investment objective by investing primarily in REITs and other securities in the real estate industry. 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 real estate companies listed on a domestic stock exchange (the 80% Policy). The Fund may also invest up to 20% of its net assets (plus the amount of any borrowing for investment purposes) in fixed income securities, including below-investment grade rated securities (junk bonds), as described in this Prospectus. 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 such changes.

The Fund is non-diversified which means it may focus its investments in a limited number of issuers. The Fund defines a real estate company as any company 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) invests at least 50% of its assets in such real estate. For purposes of selecting investments, the Fund defines the real estate industry broadly. It includes, but is not limited to, the following: REITs; real estate operating companies (REOCs); brokers, developers, and builders of residential, commercial, and industrial properties; property management firms; finance, mortgage, and mortgage servicing firms; construction supply and equipment manufacturing companies; and firms dependent on real estate holdings for revenues and profits, including lodging, leisure, timber, mining, and agriculture companies.

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 may use futures and options on securities, indices 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 Funds return as a non-hedging strategy that may be considered speculative; and to manage the Funds portfolio characteristics. The Fund may invest up to 20% of its net assets (plus the amount of any borrowing for investment purposes) in fixed income securities, including obligations of the U.S. Government, floating rate loans and money-market instruments.

As part of the 20% of the Funds net assets (plus the amount of any borrowing for investment purposes) that may be invested in fixed income securities, up to 10% of the Funds net assets (plus the amount of any borrowing for investment purposes) may be invested in below investment grade (junk) fixed income securities, of which 5% may be invested in fixed income securities rated CCC or lower by Standard & Poors Rating Services (S&P) or Caa or lower by Moodys Investors Service, Inc. (Moodys) or non-rated securities of comparable quality. The Fund, however, may not invest in securities in default. The Fund may invest in fixed income securities of any maturity. The Fund may invest up to 15% of its net assets (plus the amount of any borrowing for investment purposes) in foreign securities, including in emerging markets.

The Fund may invest in securities of foreign companies in the form of American Depositary Receipts (ADRs), Global Depositary Receipts (GDRs) and European Depositary Receipts (EDRs). In addition, the Fund may invest up to 15% of its net assets (plus the amount of any borrowing for investment purposes) in securities deemed illiquid and may make short sales of securities in an amount not to exceed 10% of the Funds net assets (plus the amount of any borrowing for investment purposes). Securities in which the Fund may invest include, but are not limited to, common equity shares, preferred equity shares, and units of beneficial interest in real estate companies. The Fund retains the ability to invest in real estate companies of any market size capitalization. The Fund does not invest in real estate directly.

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 Funds investment objective will be achieved. The Funds policy of concentration in companies in the real estate industry 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 Funds outstanding voting securities, as defined in the 1940 Act.

BRUIX Performance

Total returns for BRUIX (as of 2026-10-01), from SEC filings.

BRUIX Risk Information

Risk metrics for BRUIX, derived from monthly returns in SEC filings.

• 1-year volatility (annualised): 24.6%

BRUIX Costs and Fees

BRUIX costs about $95 per $10,000 invested per year in fund expenses.

• Net expense ratio: 0.95%
• Gross expense ratio: 2.29%
• Portfolio turnover: 127%
• Brokerage commissions: 14.70 bps of average net assets (SEC N-CEN)

BRUIX Cashflows

Over the 12 months to 2020-06, Brookfield U.S. Listed Real Estate Fund had net inflows of $6.35M, from monthly SEC N-PORT filings.

BRUIX Debt Constituents

No individual debt constituents are reported in Brookfield U.S. Listed Real Estate Fund's latest SEC N-PORT filing.

BRUIX Prospectus and SEC Filings

Official Brookfield U.S. Listed Real Estate Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.

• Prospectus (485BPOS) — filed 2020-05-19
• Prospectus (485BPOS) — filed 2019-05-03
• Prospectus supplement (497) — filed 2020-05-19
• Portfolio holdings (N-PORT) — filed 2020-08-24
• Portfolio holdings (N-PORT) — filed 2020-05-29
• Portfolio holdings (N-PORT) — filed 2020-02-27
• Annual census (N-CEN) — filed 2020-03-16
• Annual census (N-CEN) — filed 2019-03-14

Related Funds

Other Europe Real Estate funds tracked on ABC INVEST:

• Orinda Income Opportunities Fund (OIOAX)
• OShares FTSE Europe Quality Dividend ETF (OEUR)
• Goldman Sachs Data Enhanced International Equity ETF (GIEQ)
• FT Vest Nasdaq-100 Dual Directional Buffer ETF - December (DQDE)
• FT Vest Nasdaq-100 Dual Directional Buffer ETF - March (DQMR)

Data Sources

ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.