Fund Evaluator:

Center Coast Brookfield Midstream Foc I Overview

Center Coast Brookfield Midstream Foc I (CCCNX) is an actively managed Sector Equity Energy Limited Partnership fund. Brookfield Investment Funds launched the fund in 2010.

The investment seeks maximum total return with an emphasis on providing cash distributions to shareholders. Under normal circumstances, the fund invests at least 80% of its net assets (including amounts borrowed for investment purposes) in securities issued by energy infrastructure companies, including master limited partnerships (“MLPs”) and other investments that have economic characteristics similar to such securities (collectively, “Midstream Investments”) (the “80% Policy”). The fund is non-diversified.

About Center Coast Brookfield Midstream Foc I (CCCNX)

There are 3 members of the management team with an average tenure of 5.18 years: Tom Miller (2022), Boran Buturovic (2021), Joe Herman (2021). Management tenure is more important for actively managed funds than passive index funds.

The fund has 2 primary benchmarks: S&P 500 (TR) (1970) index with a weighting of 100% and Alerian MLP TR USD index with a weighting of 100%. Center Coast Brookfield Midstream Foc I has 33 securities in its portfolio. The top 10 holdings constitute 68.3% of the fund’s assets. The fund meets the SEC requirement of being classified as a nondiversified fund. The fund is not considered to have an ESG focus with its investment selection and management.

Center Coast Brookfield Midstream Foc I is part of the Equity global asset class and is within the Sector Equity fund group. Center Coast Brookfield Midstream Foc I has 19.6% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 80.0%. There is 19.6% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 0.0% (0.0% domestic bond, 0.0% foreign bond and 0.0% convertible bond). Center Coast Brookfield Midstream Foc I has 0.4% of the portfolio in cash.

Assets Under Management

The fund has $660 million in total assets, which is above the $288 million average for the Energy Limited Partnership category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.

CCCNX Performance and Fees

The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The Center Coast Brookfield Midstream Foc I expense ratio is high compared to funds in the Energy Limited Partnership category. Center Coast Brookfield Midstream Foc I has an expense ratio of 1.21%, which is 29% lower than its category average, making the fund expense ratio grade a B. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.

High portfolio turnover can translate to higher expenses and lower aftertax returns. Center Coast Brookfield Midstream Foc I has a portfolio turnover rate of 75%, indicating that holds its assets around 0.0 years. By way of comparison, the average portfolio turnover is 40% for the Energy Limited Partnership category.

Recently, in the month of July 2026, Center Coast Brookfield Midstream Foc I returned 2.4%, which earned it a grade of D, as the Energy Limited Partnership category had an average return of 3.5%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all funds in that category.

Center Coast Brookfield Midstream Foc I has a trailing yield of 4.56%, which is below the 5.20% category average. The fund normally distributes its income monthly.

It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.

Center Coast Brookfield Midstream Foc I Grades

Year to date, the fund has returned 25.4%, 0.6 percentage points worse than the category, which translates into a grade of C. The fund has returned 24.9% over the past year (grade of C), 24.7% over the past three years (grade of B) and 21.5% per year over the past five years (grade of C) and 7.9% per year over the past 10 years (grade of F).

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