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Trending ETFs

Name

As of 06/11/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$10.50

$302 M

2.08%

$0.22

2.13%

Vitals

YTD Return

-5.7%

1 yr return

-0.6%

3 Yr Avg Return

-8.4%

5 Yr Avg Return

-2.8%

Net Assets

$302 M

Holdings in Top 10

36.5%

52 WEEK LOW AND HIGH

$10.6
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 2.13%

SALES FEES

Front Load N/A

Deferred Load 1.00%

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

As of 06/11/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$10.50

$302 M

2.08%

$0.22

2.13%

BLRCX - Profile

Distributions

  • YTD Total Return -5.7%
  • 3 Yr Annualized Total Return -8.4%
  • 5 Yr Annualized Total Return -2.8%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 0.09%
DIVIDENDS
  • Dividend Yield 2.1%
  • Dividend Distribution Frequency Quarterly

Fund Details

  • Legal Name
    Brookfield Global Listed Real Estate Fund
  • Fund Family Name
    Brookfield Fund Complex
  • Inception Date
    Dec 01, 2011
  • Shares Outstanding
    335969
  • Share Class
    C
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Bernhard Krieg

Fund Description

The Fund seeks to achieve its investment objective by investing primarily in real estate investment trusts (“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 or foreign exchange, throughout the world, including the United States (the “80% Policy”). As part of the 80% Policy, under normal market conditions, at least 35% of the Fund’s net assets (plus the amount of any borrowing for investment purposes) will be invested in publicly traded securities of real estate 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”), and the Fund will maintain exposure to securities of real estate companies in the United States and in at least three countries outside the United States. The Fund considers an issuer’s “primary operations” to be in a foreign market if the issuer (i) is organized under the laws of that country, or (ii) derives at least 50% of its revenues or profits from goods produced or sold, investments made, services performed, or has at least 50% of its assets located within that country. 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 of any maturity, including obligations of the U.S. Government, floating rate loans, money-market instruments, and below-investment grade rated securities (“junk bonds”), as described in this Prospectus. As part of the 20% of the Fund’s net assets (plus the amount of any borrowing for investment purposes) that may be invested in fixed income securities, up to 10% of the Fund’s 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 & Poor’s Rating Services (“S&P”) or “Caa” or lower by Moody’s Investors Service, Inc. (“Moody’s”) or non-rated securities of comparable quality. The Fund, however, may not invest in securities that are in default at the time of initial investment.
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 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. REIT-like entities are organized outside the United States and maintain operations and receive tax treatment similar to that of U.S. REITs.
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 Fund’s return as a non-hedging strategy that may be considered speculative; and
to manage the Fund’s portfolio characteristics.
The Fund may invest up to 25% of its net assets (plus the amount of any borrowing for investment purposes) in publicly traded securities of real estate companies, whose primary operations or principal trading market is in an “emerging market.” 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 in securities deemed illiquid and may make short sales of securities in an amount not to exceed 10% of the Fund’s 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 ULC and its affiliates, which provide 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 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 Fund’s outstanding voting securities, as defined in the Investment Company Act of 1940, as amended (the “1940 Act”).
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BLRCX - Performance

Return Ranking - Trailing

Period BLRCX Return Category Return Low Category Return High Rank in Category (%)
YTD -5.7% -12.6% 15.4% 75.41%
1 Yr -0.6% -14.9% 17.2% 88.52%
3 Yr -8.4%* -18.1% 17.7% 87.21%
5 Yr -2.8%* -10.6% 16.5% 89.47%
10 Yr 0.8%* -3.3% 10.7% 84.91%

* Annualized

Return Ranking - Calendar

Period BLRCX Return Category Return Low Category Return High Rank in Category (%)
2023 4.8% -16.8% 16.7% 79.01%
2022 -23.6% -43.9% 4.5% 11.36%
2021 20.8% -13.9% 30.7% 44.77%
2020 -13.8% -20.7% 13.7% 86.63%
2019 14.5% 1.0% 26.5% 56.73%

Total Return Ranking - Trailing

Period BLRCX Return Category Return Low Category Return High Rank in Category (%)
YTD -5.7% -12.6% 15.4% 75.41%
1 Yr -0.6% -14.9% 17.2% 88.52%
3 Yr -8.4%* -18.1% 17.7% 87.21%
5 Yr -2.8%* -10.6% 16.5% 89.47%
10 Yr 0.8%* -3.3% 10.7% 84.91%

* Annualized

Total Return Ranking - Calendar

Period BLRCX Return Category Return Low Category Return High Rank in Category (%)
2023 6.1% -14.6% 23.4% 87.85%
2022 -22.8% -39.5% 10.1% 11.93%
2021 22.5% 5.7% 101.8% 75.00%
2020 -11.2% -17.8% 14.7% 91.28%
2019 19.2% 4.3% 37.2% 90.64%

NAV & Total Return History


BLRCX - Holdings

Concentration Analysis

BLRCX Category Low Category High BLRCX % Rank
Net Assets 302 M 4.31 M 7.19 B 52.22%
Number of Holdings 55 5 682 86.34%
Net Assets in Top 10 108 M 1.84 M 4.29 B 52.46%
Weighting of Top 10 36.51% 19.9% 62.1% 70.33%

Top 10 Holdings

  1. Equinix Inc 6.09%
  2. Prologis Inc 5.86%
  3. Realty Income Corp 4.01%
  4. Equity Residential 3.84%
  5. Extra Space Storage Inc 3.51%
  6. Welltower Inc 3.11%
  7. VICI Properties Inc 2.58%
  8. Simon Property Group Inc 2.51%
  9. American Homes 4 Rent 2.50%
  10. Regency Centers Corp 2.49%

Asset Allocation

Weighting Return Low Return High BLRCX % Rank
Stocks
99.45% 3.11% 126.54% 16.94%
Cash
0.55% 0.00% 10.38% 80.33%
Preferred Stocks
0.00% 0.00% 7.47% 53.55%
Other
0.00% -33.49% 103.58% 63.39%
Convertible Bonds
0.00% 0.00% 0.07% 51.10%
Bonds
0.00% 0.00% 23.57% 53.55%

Stock Sector Breakdown

Weighting Return Low Return High BLRCX % Rank
Real Estate
99.09% 72.53% 100.00% 29.21%
Consumer Cyclical
0.91% 0.00% 13.03% 42.13%
Utilities
0.00% 0.00% 0.96% 52.25%
Technology
0.00% 0.00% 4.92% 72.47%
Industrials
0.00% 0.00% 4.91% 59.55%
Healthcare
0.00% 0.00% 1.54% 57.87%
Financial Services
0.00% 0.00% 9.53% 61.24%
Energy
0.00% 0.00% 0.11% 51.12%
Communication Services
0.00% 0.00% 10.08% 75.28%
Consumer Defense
0.00% 0.00% 0.18% 52.81%
Basic Materials
0.00% 0.00% 1.63% 52.25%

Stock Geographic Breakdown

Weighting Return Low Return High BLRCX % Rank
US
62.36% 0.00% 100.72% 45.90%
Non US
37.10% 0.00% 98.96% 31.69%

BLRCX - Expenses

Operational Fees

BLRCX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 2.13% 0.11% 36.96% 18.03%
Management Fee 0.75% 0.09% 1.50% 37.91%
12b-1 Fee 1.00% 0.00% 1.00% 88.89%
Administrative Fee 0.15% 0.01% 0.25% 85.19%

Sales Fees

BLRCX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 3.50% 5.75% N/A
Deferred Load 1.00% 1.00% 4.00% 56.00%

Trading Fees

BLRCX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 0.25% 2.00% 1.89%

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.

BLRCX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 65.00% 1.00% 165.00% 50.28%

BLRCX - Distributions

Dividend Yield Analysis

BLRCX Category Low Category High BLRCX % Rank
Dividend Yield 2.08% 0.00% 5.52% 78.69%

Dividend Distribution Analysis

BLRCX Category Low Category High Category Mod
Dividend Distribution Frequency Quarterly Annual Quarterly Annual

Net Income Ratio Analysis

BLRCX Category Low Category High BLRCX % Rank
Net Income Ratio 0.09% -0.23% 3.84% 97.21%

Capital Gain Distribution Analysis

BLRCX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Quarterly Annually

Distributions History

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BLRCX - Fund Manager Analysis

Managers

Bernhard Krieg


Start Date

Tenure

Tenure Rank

Nov 30, 2011

10.51

10.5%

Bernhard Krieg, CFA — Managing Director and Portfolio Manager. Mr. Krieg has 22 years of industry experience and is a Portfolio Manager on the Public Securities Group’s Real Estate Securities team. In his role he oversees and contributes to the portfolio construction process, including execution of buy/sell decisions. Prior to joining the Brookfield in 2006, Bernhard was a Senior Vice President at Haven Funds and a Vice President at Security Capital. He holds the Chartered Financial Analyst® designation. Bernhard earned a Master of Business Administration degree from Texas A&M University and his undergraduate equivalent in Business Administration and Civil Engineering from the Technical University in Dresden, Germany. Mr. Krieg has served as Co-Portfolio Manager of the Global Real Estate Fund, Real Assets Securities Fund and the U.S. Real Estate Fund since their respective inception dates.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.09 20.42 7.11 10.42