WHY CHOOSE A MULTI-REAL-ASSET SOLUTION? WHY INVEST WITH BROOKFIELD?

DECEMBER 2018

A Diverse Opportunity Set, But One With Several Common Characteristics

Listed real assets represent a diverse global universe of more than $11 trillion. Most of the companies that issue these securities are engaged in real estate, infrastructure and natural resources—asset classes with very different fundamental drivers and business models. However, they share several features that bind them together as real assets, and in our view, drive the investment potential of the asset class.

W H Y C H O O S E A D I V E R S I F I E D , M U LT I - R E A L - A S S E T - C L A S S S O L U T I O N ?The returns of real asset classes are driven by varying degrees of inflation sensitivity and the potential to generate both current income and long-term capital appreciation. Brookfield sees the merits in balancing each of these objectives in the construction of a diversified multi-real-asset-class solution. That said, our approach is to divide real asset classes into two categories: Strategic and Opportunistic. Strategic asset classes are those that have exhibited more consistent patterns of historical return. Opportunistic asset classes are those with less consistent patterns of return, but with a greater sensitivity to inflation: natural resource equities, commodities and Treasury Inflation-Protected Securities (“TIPS”). We tend to allocate to opportunistic sectors when inflationary pressures are expected.

R E A L A S S E T S : H I S T O R I C A L I N V E S T M E N T C H A R A C T E R I S T I C S ■■ Companies with underlying assets tied to contracted or regulated revenues that have generated steady streams of cash flow

■■ Steady cash flows that have contributed to the current income potential of many real assets

■■ Pricing power, common to many real assets, that has been beneficial in periods when inflation is elevated

~$11+Trillion market-cap universe in public securities

Source: Brookfield as of December 31, 2018. For illustrative purposes only. Investing involves risk. Risks are subject to change without notice. Ratings are the opinions of Brookfield Investment Management Inc. and are subject to change without notice. Criteria are ranked for each sector on a relative basis, based on our assessment of the historical return profiles we have observed in listed real-asset-related indexes over a study period from 12/31/03 or inception, whichever was later, through 12/31/18. Indexes considered included the following: the FTSE EPRA/NAREIT Developed Index, the ICE BofA Merrill Lynch Preferred Stock REITs 7% Constrained Index, Dow Jones Brookfield Global Infrastructure Index, Alerian MLP Index, real asset sectors of the ICE BofA Merrill Lynch Global High Yield Bond Index and ICE BofA Merrill Lynch Global Corporate Bond Index, S&P Global Natural Resources Index, Bloomberg Barclays Commodity Index, Bloomberg Barclays U.S. Treasury Inflation Notes Index. See the disclosures for index definitions.

REAL ESTATE EQUITIES INFRASTRUCTURE EQUITIES

REAL ASSET DEBT NATURAL RESOURCES EQUITIES & COMMODITIES

REITs

Real Estate

Energy

Agriculture & Timber

Transports

Energy E&P

Real Estate Ownership & Development

Infrastructure Natural Resources

Utilities

BasicMaterials

Communications

Commodities

INFLATION SENSITIVITY

INCOME POTENTIAL

CAPITAL APPRECIATION

POTENTIAL

REAL ESTATE EQUITIES

Global Core Real Estate MEDIUM MEDIUM MEDIUM

REIT Preferreds LOW HIGH LOW

INFRASTRUCTURE EQUITIES

Global Core Infrastructure MEDIUM MEDIUM MEDIUM

MLPs MEDIUM HIGH MEDIUM

REAL ASSET DEBT

Real Asset Debt LOW HIGH LOW

OPPORTUNISTIC

Natural Resource Equities HIGH MEDIUM HIGH

Commodities HIGH LOW HIGH

TIPS HIGH LOW LOW

Source: Bloomberg and Brookfield for the period January 1, 2003 through December 31, 2018. The performance results do not represent actual trading or the performance of any Brookfield strategy. Actual trading may produce different results. Standard Deviation is a statistical measure used to quantify the amount of variation or dispersion of a set of data values. Sharpe ratio is the average return earned in excess of the risk-free rate per unit of volatility or total risk. See the Index Key above for the index components used in this chart and see full definitions of these indexes at the end of this report. Past performance does not guarantee results. Index performance is not indicative of fund performance. To obtain fund performance call 1-855-777-8001 or visit our website, www.Brookfield.com. Investing in the real asset classes highlighted above involves risk. The loss of principal is possible, except for TIPS and U.S. Treasury bills for which principal is guaranteed by the full faith of the U.S. government. The tax treatment of returns of the asset classes listed above may differ given differential tax treatment of income versus capital gain and other factors, such as the capital structure of the investment.

Case Study: Why Take a “Strategic/Opportunistic” Approach to a Diversified, Multi-Real-Asset-Class Solution

We characterize our balanced approach to combining multiple real asset classes as a “Strategic/Opportunistic” approach. Supporting this framework is a long-term look at the risk-adjusted returns of various listed real asset classes, using the historical returns of public indexes. This example compares the return profiles of real asset classes we deem to be strategic to those deemed to be more opportunistic in nature. The combined historical results of those asset classes we deem to be strategic are represented by the Diversified Real Assets Index Blend, as defined in the footnotes. We believe that a dynamic allocation to these asset classes has the potential to deliver attractive total returns for investors seeking the alternative return profiles of real asset classes.

EQT MSCI World Index

FI Bloomberg Barclays Global Aggregate Index

RFR Risk Free Rate represented by the ICE BofA Merrill Lynch 3-Month U.S. Treasury Bill Index

DRA The Brookfield Diversified Real Assets Index Blend is composed of the following index proxies outlined in this Index Key: 35% RE (Real Estate), 5% PREF (Real Estate Preferred Securities), 40% INFR (Infrastructure), 5% MLP and 15% Real Asset Debt (divided 70%/30% between RAIG/RAHY)

RE S&P Developed Market REIT Index until 2/28/05, linked to the FTSE EPRA/NAREIT Developed Index thereafter

PREF ICE BofA Merrill Lynch Preferred Stock REIT 7% Constrained Index

INFR Equal blend of the Datastream World Gas, Water & Multi-Utilities Index and Datastream World Pipelines Index through 7/31/08 and the Dow Jones Brookfield Global Infrastructure Index* thereafter

MLP DataStream North American Pipelines Index from 12/31/03 through 5/31/06 and the Alerian MLP Index thereafter

RAIG A blend of real asset sectors, as designated by Brookfield,** of the ICE BofA Merrill Lynch Global Corporate Index

RAHY A blend of real asset sectors, as designated by Brookfield,** of the ICE BofA Merrill Lynch Global High Yield Index

NREQ A NREQ-50%/50% blend of the Datastream World Oil & Gas and World Basic Materials Indexes through 5/31/08 and the S&P Global Natural Resources Index thereafter. We employed the 50%/50% blend of the Datastream indexes prior to 5/31/08 because about 94% of companies in the S&P Global Natural Resources Index are found in the Energy and Materials sectors.

COMM Bloomberg Barclays Commodity Index

TIPS Bloomberg Barclays U.S. Treasury Inflation Notes Index

* Brookfield has no direct day-to-day role in the management of the Dow Jones Brookfield Global Infrastructure Index. Brookfield-branded indexes do not reflect any performance data from Brookfield Investment Management Inc. funds or portfolio composites. See index definitions at the end of this report.

** Brookfield manages real asset portfolios focused on three main categories of real assets: real estate, infrastructure and natural resources. Fixed income sectors of the ICE BofA ML Global Corporate Bond Index and ICE BofA ML High Yield Index that fall into these categories include Cable, Infrastructure Services, Oil Gas T&D, Telecommunications, Transportation, Utilities, Ag Timber & Basic Materials, Energy Exploration & Production, Metals & Mining, Real Estate, RE Ownership & Development, and REITs. The underlying constituents of these sectors comprise the RAIG and RAHY components of the Diversified Real Assets Index Blend.

I N D E X K E Y

-3%

0%

3%

6%

9%

12%

15%

0% 2% 4% 6% 8% 10% 12% 14% 16% 18% 20% 22%

Retu

rn (A

nnua

lized

)

Standard Deviation (Annualized)

FI

RFR

DRA

RETURN(%)

ST DEV(%)

SHARPERATIO

TRADITIONALRFR Risk Free Rate 1.31 0.51 –EQT Global Equities 7.68 14.36 0.44FI Global Bonds 3.87 5.58 0.46

STRATEGICDRA INDEX BLEND 10.28 12.80 0.70RE Global Real Estate 9.01 18.56 0.41PREF REIT Preferreds 6.16 11.73 0.41INFR Global Infrastructure 12.28 12.86 0.85MLP MLPs 9.07 17.23 0.45RAHY Real Asset High Yield 8.08 9.07 0.75RAIG Real Asset Investment Grade 5.16 6.30 0.61

OPPORTUNISTICNREQ Natural Resource Equities 7.33 19.49 0.31COMM Commodities -0.99 16.32 -0.14TIPS U.S. TIPS 4.07 5.92 0.47

EQT

COMM

NREQ

RAHYREMLP

INFR

PREFRAIGTIPS

BROOKFIELD OVERVIEW FACT SHEET

I M P O R T A N T D I S C L O S U R E S Must be preceded or accompanied by a current prospectus if used in connection with a Brookfield mutual fund purchase. You can obtain a prospectus for a Brookfield mutual fund by calling 1-855-777-8001 or visiting our website, www.Brookfield.com. Mutual fund investing involves risk. Principal loss is possible. Real assets include real estate securities, infrastructure securities and natural resources securities. Property values may fall due to increasing vacancies or declining rents resulting from unanticipated economic, legal, cultural or technological developments. REITs are dependent upon management skills and generally may not be diversified. REITs are subject to heavy cash flow dependency, defaults by borrowers and self-liquidation. 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. Investments in small- and mid-cap companies involve additional risks such as limited liquidity and greater volatility. Investments in foreign securities 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. 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. Concentrating investments in specific sectors or industries 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. Natural Resources Securities may be affected by numerous factors, including events occurring in nature, inflationary pressures and international politics. There is the risk that a significant investment in the Natural Resources sector will perform poorly during a downturn in the natural resource sector. For example, events occurring in nature (such as earthquakes or fires in prime natural resource areas) and political events (such as coups, military confrontations or acts of terrorism) can affect the overall supply of a natural resource and the value of companies involved in such natural resource. Political risks and the other risks to which foreign securities are subject may also affect domestic natural resource companies if they have significant operations or investments in foreign countries. Rising interest rates and general economic conditions may also affect the demand for natural resources. Debt securities rated below investment grade are commonly referred to as “junk bonds” and are considered speculative. Increases in interest rates can cause the prices of Fixed Income securities to decline, and the level of current income from a portfolio of Fixed Income securities may decline in certain interest rate environments. Investments 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 a mutual fund is forced to sell an illiquid asset to meet redemptions, the Fund may be forced to sell at a loss. Using derivatives exposes a fund to additional risks, may increase the volatility of a fund’s net asset value and may not provide the result intended. Past performance is no guarantee of future results. Diversification does not assure a profit nor does it protect against loss in a declining market.

D I S C L O S U R E S Brookfield Investment Management Inc. “(the “Firm”) is a wholly owned subsidiary of Brookfield Asset Management Inc. Opinions expressed herein are current opinions of the Firm, including its subsidiaries and affiliates, and are subject to change without notice. The Firm, including its subsidiaries and affiliates, assumes no responsibility to update such information or to notify client of any changes. Any outlooks, forecasts or portfolio weightings presented herein are as of the date appearing on this material only and are also subject to change without notice. Past performance is not indicative of future performance and the value of investments and the income derived from those investments can fluctuate. Future returns are not guaranteed and a loss of principal may occur. The information in this publication is not, and is not intended as investment advice, an indication of trading intent or holdings or the prediction of investment performance. Views and information expressed herein are subject to change at any time. The Firm disclaims any responsibility to update such views and/or information. This information is deemed to be from reliable sources; however, the Firm does not warrant its completeness or accuracy. This publication is not intended to, and does not constitute an offer or solicitation to sell or a solicitation of an offer to buy any security, product, investment advice or service (nor shall any security, product, investment advice or service be offered or sold) in any jurisdiction in which the Firm is not licensed to conduct business, and/or an offer, solicitation, purchase or sale would be unavailable or unlawful.

W H Y I N V E S T W I T H B R O O K F I E L D ? : 5 R E A S O N SBrookfield Asset Management’s Public Securities Group (“PSG”) invests with a distinct investment philosophy that we believe sets us apart from our peers.

1. We are a high-conviction manager of concentrated portfolios.

2. We invest with an owner/operator mindset.

3. Our portfolios represent our best ideas globally, identified through a valuation-driven, bottom-up fundamental process.

4. We seek to exploit market inefficiencies and temporary dislocations, often investing where we believe we have a competitive advantage.

5. We recognize that superior returns often require contrarian thinking.

Brookfield Asset Management Inc. (“Brookfield”) is a leading global manager of real assets, with more than $330 billion in assets under management as of December 31, 2018. PSG, a wholly-owned subsidiary of Brookfield, specializes in global listed real assets investment strategies, including global real estate equities, infrastructure equities, MLPs, real asset debt, and multi-asset-class real asset solutions. As of December 31, 2018, PSG had over $16 billion in assets under management.

Individual investors can gain access to our longstanding institutional expertise through actively managed strategies offered in separately managed accounts, mutual funds, UCITS funds, closed-end funds and private hedge funds.

BROOKFIELD OVERVIEW FACT SHEET© 2019 BROOKFIELD INVESTMENT MANAGEMENT INC. INVESTMENT PRODUCTS: NOT FDIC INSURED | MAY LOSE VALUE | NOT BANK GUARANTEED brookfield.com | publicsecurities.enquiries@brookfield.com

F O R W A R D - L O O K I N G S T A T E M E N T S Information herein contains, includes or is based upon forward-looking statements within the meaning of the federal securities laws, specifically Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements include all statements, other than statements of historical fact, that address future activities, events, or developments, including without limitation, business or investment strategy or measures to implement strategy, competitive strengths, goals, expansion and growth of our business, plans, prospects and references to the future of our success. You can identify these statements by the fact that they do not relate strictly to historical or current facts. Words such as “anticipate,” “estimate,” “expect,” “project,” “intend,” “plan,” “believe,” and other similar words are intended to identify these forward-looking statements. Forward-looking statements can be affected by inaccurate assumptions or by known or unknown risks and uncertainties. Many such factors will be important in determining our actual future results or outcomes. Consequently, no forward-looking statement can be guaranteed. Our actual results or outcomes may vary materially. Given these uncertainties, you should not place undue reliance on these forward-looking statements.

I N D E X D E F I N I T I O N SThe Alerian MLP Index is a composite of the 50 most prominent energy master limited partnerships (“MLPs”) calculated by Standard & Poor’s using a float-adjusted market capitalization methodology. The Bloomberg Barclays Commodity Index is a broadly diversified index that tracks the commodities markets through commodity futures contracts. The Bloomberg Barclays Global Aggregate Index is a market capitalization-weighted index, comprising globally traded investment grade bonds. The index includes government securities, mortgage-backed securities, asset-backed securities and corporate securities to simulate the universe of bonds in the market. The maturities of the bonds in the index are more than one year. The Bloomberg Barclays U.S. Treasury Inflation Notes Index is composed of Inflation-Protection Securities issued by the U.S. Treasury (TIPS). The ICE BofA Merrill Lynch Preferred Stock REITs 7% Constrained Index contains all securities in the ICE BofA Merrill Lynch U.S. Fixed Rate Preferred Securities Index that are REITs, but caps issuer exposure at 7%. The ICE BofA Merrill Lynch 3-Month Treasury Bill Index is an unmanaged index that tracks short-term U.S. government debt instruments. The Datastream World Index Series of infrastructure-related sectors, including Gas, Water & Multi-Utilities, Materials and Oil & Gas Pipelines, is used as a proxy for infrastructure prior to the inception of the Dow Jones Brookfield Global Infrastructure Index in the exhibits of this report. These indexes are compiled by Thomson Reuters Datastream. The Datastream North American Pipelines Index is an index of energy pipeline companies domiciled in North America, as compiled by Thomson Reuters Datastream. This index is used in the exhibits of this report as a proxy for MLPs prior to the inception of the Alerian MLP Index. The Datastream World DS Oil & Gas is an index of global oil and gas companies, as compiled by Thomson Reuters Datastream. The Datastream World DS Basic Materials Indexes is an index of global companies in the materials sector, as compiled by Thomson Reuters. The World DS Oil and Gas Index and World DS Basic Materials Indexes, in combination, are used as a proxy for natural resource equities prior to the inception of the S&P Global Natural Resources Index. The Datastream World Pipelines Index is an index of global energy pipeline companies, as compiled by Thomson Reuters Datastream. The Dow Jones Brookfield Global Infrastructure Index is calculated and maintained by S&P Dow Jones Indices and comprises infrastructure companies with at least 70% of annual cash flows derived from owning and operating infrastructure assets. Brookfield has no direct role in the day-to-day management of the Brookfield Global Infrastructure Index. The FTSE EPRA/NAREIT Developed Index is an unmanaged market-capitalization-weighted total-return index, which consists of publicly traded equity REITs and listed property companies from developed markets. The ICE BofA Merrill Lynch U.S. 3-Month Treasury Bill Index is an unmanaged index that tracks short-term U.S. government debt instruments. The ICE BofA Merrill Lynch Global Corporate Index is an unmanaged, commonly accepted measure of the performance of global investment grade corporate securities. Index returns are calculated monthly, assume reinvestment of dividends. The ICE BofA Merrill Lynch Global High Yield Index is an unmanaged, commonly accepted measure of the performance of global high yield corporate securities. Index returns are calculated monthly, assume reinvestment of dividends. 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 S&P Developed Market REIT Index serves as a benchmark of publicly traded equity REITs domiciled in developed markets. The S&P Global Natural Resource Equities Index includes 90 of the largest publicly traded companies in natural resources and commodities businesses across three primary commodity-related sectors: Agribusiness, Energy and Metals & Mining.

These indexes do not reflect any fees, expenses or sales charges. 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 any investment.

I N D E X P R O V I D E R D I S C L O S U R EBrookfield Public Securities Group LLC, formerly 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. The Brookfield Investment Funds are distributed by Quasar Distributors, LLC.

E N D N O T E Si. The Public Securities Group is a wholly owned subsidiary of Brookfield

Investment Management.