# EDGAR Filing Document

**Accession Number:** 0000765443
**File Stem:** 0001140361-26-017353
**Filing Date:** 2026-4
**Character Count:** 28462
**Document Hash:** 5f294795e256547f01ca3c568376968d
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001140361-26-017353.hdr.sgml**: 20260428

**ACCESSION NUMBER**: 0001140361-26-017353

**CONFORMED SUBMISSION TYPE**: 13F-HR

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20260331

**FILED AS OF DATE**: 20260428

**DATE AS OF CHANGE**: 20260428

**EFFECTIVENESS DATE**: 20260428

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** DUFF & PHELPS INVESTMENT MANAGEMENT CO
- **CENTRAL INDEX KEY:** 0000765443

**ORGANIZATION NAME:**
- **EIN:** 363027981
- **STATE OF INCORPORATION:** IL
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-01420
- **FILM NUMBER:** 26905625

**BUSINESS ADDRESS:**
- **STREET 1:** 10 S. WACKER DR.
- **STREET 2:** 19TH FLOOR
- **CITY:** CHICAGO
- **STATE:** IL
- **ZIP:** 60606
- **BUSINESS PHONE:** 312-263-2610

**MAIL ADDRESS:**
- **STREET 1:** 10 S. WACKER DR.
- **STREET 2:** 19TH FLOOR
- **CITY:** CHICAGO
- **STATE:** IL
- **ZIP:** 60606

### FORM 13F COVER PAGE

**Report for the Calendar Year or Quarter Ended:** 03-31-2026

**Check here if Amendment** [ ] **Amendment Number:** 

**This Amendment (Check only one.):** [ ] is a restatement.

[ ] adds new holdings entries.

**Institutional Investment Manager Filing this Report:**

**Name:** DUFF  PHELPS INVESTMENT MANAGEMENT CO<br>**Address:** 10 S. WACKER DR.<br>19TH FLOOR<br>CHICAGO, IL 60606

**Form 13F File Number:** 028-01420

The institutional investment manager filing this report and the person by whom it is signed hereby represent that the person signing the report is authorized to submit it, that all information contained herein is true, correct and complete, and that it is understood that all required items, statements, schedules, lists, and tables, are considered integral parts of this form.

**Person Signing this Report on Behalf of Reporting Manager:**

**Name:** Kathleen Hegyi<br>**Title:** Chief Compliance Officer<br>**Phone:** 312-917-6541

**Signature, Place, and Date of Signing:**

/s/ Kathleen Hegyi  Chicago, IL  04-27-2026<br>[Signature]  [City, State]  [Date]

**Report Type (Check only one.):**

[x] **13F HOLDINGS REPORT.** (Check here if all holdings of this reporting manager are reported in this report.)

[ ] **13F NOTICE.** (Check here if no holdings are reported in this report, and all holdings are reported by other reporting manager(s).)

[ ] **13F COMBINATION REPORT.** (Check here if a portion of the holdings for this reporting manager are reported in this report and a portion are reported by other reporting manager(s).)

### Form 13F Summary Page

**Report Summary:**

**Number of Other Included Managers:** 1

**Form 13F Information Table Entry Total:** 249

**Form 13F Information Table Value Total:** $9629907082

      (round to nearest dollar)

**List of Other Included Managers:**

Provide a numbered list of the name(s) and Form 13F file number(s) of all institutional investment managers with respect to which this report is filed, other than the manager filing this report.

[If there are no entries in this list, state “NONE” and omit the column headings and list entries.]

| No.   | Name                                       | Form 13F File Number   |
|:---|:---|:---|
|  | VIRTUS ALTERNATIVE INVESTMENT ADVISERS LLC | 028-17877              |

### FORM 13F INFORMATION TABLE

---

|  |  |  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| NAME OF ISSUER | TITLE OF CLASS | CUSIP | FIGI | VALUE (x$1000) | SHRS OR PRN AMT | SH/PRN | PUT/CALL | INVESTMENT DISCRETION | OTHER MANAGER | VOTING AUTHORITY | VOTING AUTHORITY | VOTING AUTHORITY |
| NAME OF ISSUER | TITLE OF CLASS | CUSIP | FIGI | VALUE (x$1000) | SHRS OR PRN AMT | SH/PRN | PUT/CALL | INVESTMENT DISCRETION | OTHER MANAGER | SOLE | SHARED | NONE |
| ADVANCED DRAIN SYS INC DEL | COM | 00790R104 |  | 19147325 | 139629 | SH |  | SOLE |  | 139629 | 0 | 0 |
| AECOM | COM | 00766T100 |  | 594 | 7 | SH |  | SOLE |  | 7 | 0 | 0 |
| AGREE RLTY CORP | COM | 008492100 |  | 15068462 | 199900 | SH |  | OTR | 1 | 0 | 199900 | 0 |
| AGREE RLTY CORP | COM | 008492100 |  | 61074233 | 810218 | SH |  | SOLE |  | 810218 | 0 | 0 |
| ALEXANDRIA REAL ESTATE EQ IN | COM | 015271109 |  | 7951003 | 171284 | SH |  | OTR | 1 | 0 | 171284 | 0 |
| ALEXANDRIA REAL ESTATE EQ IN | COM | 015271109 |  | 37202706 | 801437 | SH |  | SOLE |  | 801437 | 0 | 0 |
| ALLIANT ENERGY CORP | COM | 018802108 |  | 6973134 | 97173 | SH |  | OTR | 1 | 0 | 97173 | 0 |
| ALLIANT ENERGY CORP | COM | 018802108 |  | 127811090 | 1781091 | SH |  | SOLE |  | 1781091 | 0 | 0 |
| ALLIANT ENERGY CORP | COM | 018802108 |  | 1428813 | 19911 | SH |  | SOLE | 1 | 19911 | 0 | 0 |
| AMER STATES WTR CO | COM | 029899101 |  | 3887170 | 51404 | SH |  | SOLE |  | 51404 | 0 | 0 |
| AMEREN CORP | COM | 023608102 |  | 127494120 | 1159881 | SH |  | SOLE |  | 1159881 | 0 | 0 |
| AMERICAN ELEC PWR CO INC | COM | 025537101 |  | 99904195 | 762162 | SH |  | SOLE |  | 762162 | 0 | 0 |
| AMERICAN HEALTHCARE REIT INC | COM SHS | 398182303 |  | 8936820 | 189500 | SH |  | OTR | 1 | 0 | 189500 | 0 |
| AMERICAN HEALTHCARE REIT INC | COM SHS | 398182303 |  | 42145713 | 893675 | SH |  | SOLE |  | 893675 | 0 | 0 |
| AMERICAN HOMES 4 RENT | CL A | 02665T306 |  | 22795284 | 816450 | SH |  | OTR | 1 | 0 | 816450 | 0 |
| AMERICAN HOMES 4 RENT | CL A | 02665T306 |  | 104994472 | 3760547 | SH |  | SOLE |  | 3760547 | 0 | 0 |
| AMERICAN TOWER CORP | COM | 03027X100 |  | 26814272 | 155373 | SH |  | OTR | 1 | 0 | 155373 | 0 |
| AMERICAN TOWER CORP | COM | 03027X100 |  | 132112924 | 765517 | SH |  | SOLE |  | 765517 | 0 | 0 |
| AMERICAN WTR WKS CO INC NEW | COM | 030420103 |  | 75227830 | 552780 | SH |  | SOLE |  | 552780 | 0 | 0 |
| AMERICOLD REALTY TRUST INC | COM | 03064D108 |  | 1112044 | 97037 | SH |  | SOLE |  | 97037 | 0 | 0 |
| ARCHROCK INC | COM | 03957W106 |  | 722448 | 20760 | SH |  | SOLE | 1 | 20760 | 0 | 0 |
| ARRAY TECHNOLOGIES INC | COM SHS | 04271T100 |  | 38196 | 5283 | SH |  | SOLE |  | 5283 | 0 | 0 |
| ARRAY TECHNOLOGIES INC | COM SHS | 04271T100 |  | 247671 | 34256 | SH |  | SOLE | 1 | 34256 | 0 | 0 |
| AT INC | COM | 00206R102 |  | 91043095 | 3140500 | SH |  | SOLE |  | 3140500 | 0 | 0 |
| ATMOS ENERGY CORP | COM | 049560105 |  | 112299600 | 607945 | SH |  | SOLE |  | 607945 | 0 | 0 |
| AVALONBAY CMNTYS INC | COM | 053484101 |  | 23758277 | 145444 | SH |  | OTR | 1 | 0 | 145444 | 0 |
| AVALONBAY CMNTYS INC | COM | 053484101 |  | 108024335 | 661306 | SH |  | SOLE |  | 661306 | 0 | 0 |
| BADGER METER INC | COM | 056525108 |  | 6567961 | 43111 | SH |  | SOLE |  | 43111 | 0 | 0 |
| BCE INC | COM NEW | 05534B760 |  | 28452749 | 1127288 | SH |  | SOLE |  | 1127288 | 0 | 0 |
| BLACK HILLS CORP | COM | 092113109 |  | 31896671 | 459540 | SH |  | SOLE |  | 459540 | 0 | 0 |
| BLOOM ENERGY CORP | COM CL A | 093712107 |  | 512694 | 3784 | SH |  | SOLE |  | 3784 | 0 | 0 |
| BLOOM ENERGY CORP | COM CL A | 093712107 |  | 3371669 | 24885 | SH |  | SOLE | 1 | 24885 | 0 | 0 |
| BRIXMOR PPTY GROUP INC | COM | 11120U105 |  | 24087053 | 836356 | SH |  | OTR | 1 | 0 | 836356 | 0 |
| BRIXMOR PPTY GROUP INC | COM | 11120U105 |  | 105020266 | 3646537 | SH |  | SOLE |  | 3646537 | 0 | 0 |
| BXP INC | COM | 101121101 |  | 8337735 | 160650 | SH |  | OTR | 1 | 0 | 160650 | 0 |
| BXP INC | COM | 101121101 |  | 37792594 | 728181 | SH |  | SOLE |  | 728181 | 0 | 0 |
| CALIFORNIA WTR SVC GROUP | COM | 130788102 |  | 3859114 | 85115 | SH |  | SOLE |  | 85115 | 0 | 0 |
| CAMECO CORP | COM | 13321L108 |  | 68859 | 634 | SH |  | SOLE |  | 634 | 0 | 0 |
| CAMECO CORP | COM | 13321L108 |  | 444106 | 4089 | SH |  | SOLE | 1 | 4089 | 0 | 0 |
| CANADIAN PACIFIC KANSAS CITY | COM | 13646K108 |  | 21866851 | 199752 | SH |  | OTR | 1 | 0 | 199752 | 0 |
| CANADIAN PACIFIC KANSAS CITY | COM | 13646K108 |  | 24608637 | 224798 | SH |  | SOLE |  | 224798 | 0 | 0 |
| CENTERPOINT ENERGY INC | COM | 15189T107 |  | 8704422 | 201678 | SH |  | OTR | 1 | 0 | 201678 | 0 |
| CENTERPOINT ENERGY INC | COM | 15189T107 |  | 157530029 | 3649908 | SH |  | SOLE |  | 3649908 | 0 | 0 |
| CENTERPOINT ENERGY INC | COM | 15189T107 |  | 652277 | 15113 | SH |  | SOLE | 1 | 15113 | 0 | 0 |
| CHENIERE ENERGY INC | COM NEW | 16411R208 |  | 7828655 | 27589 | SH |  | OTR | 1 | 0 | 27589 | 0 |
| CHENIERE ENERGY INC | COM NEW | 16411R208 |  | 93873199 | 330819 | SH |  | SOLE |  | 330819 | 0 | 0 |
| CHENIERE ENERGY INC | COM NEW | 16411R208 |  | 3577362 | 12607 | SH |  | SOLE | 1 | 12607 | 0 | 0 |
| CLEARWAY ENERGY INC | CL C | 18539C204 |  | 258528 | 6580 | SH |  | SOLE |  | 6580 | 0 | 0 |
| CLEARWAY ENERGY INC | CL C | 18539C204 |  | 1707504 | 43459 | SH |  | SOLE | 1 | 43459 | 0 | 0 |
| CMS ENERGY CORP | COM | 125896100 |  | 112775486 | 1453667 | SH |  | SOLE |  | 1453667 | 0 | 0 |
| COMPANHIA DE SANEAMENTO BASI | SPONSORED ADR | 20441A102 |  | 44153613 | 1447185 | SH |  | SOLE |  | 1447185 | 0 | 0 |
| CONSTELLATION ENERGY CORP | COM | 21037T109 |  | 115610 | 414 | SH |  | SOLE |  | 414 | 0 | 0 |
| CONSTELLATION ENERGY CORP | COM | 21037T109 |  | 767658 | 2749 | SH |  | SOLE | 1 | 2749 | 0 | 0 |
| CORE  MAIN INC | CL A | 21874C102 |  | 17641283 | 357111 | SH |  | SOLE |  | 357111 | 0 | 0 |
| COUSINS PPTYS INC | COM NEW | 222795502 |  | 8893618 | 394046 | SH |  | OTR | 1 | 0 | 394046 | 0 |
| COUSINS PPTYS INC | COM NEW | 222795502 |  | 39184477 | 1736131 | SH |  | SOLE |  | 1736131 | 0 | 0 |
| CROWN CASTLE INC | COM | 22822V101 |  | 10291651 | 126573 | SH |  | OTR | 1 | 0 | 126573 | 0 |
| CROWN CASTLE INC | COM | 22822V101 |  | 86713456 | 1066455 | SH |  | SOLE |  | 1066455 | 0 | 0 |
| CSX CORP | COM | 126408103 |  | 17094369 | 416428 | SH |  | OTR | 1 | 0 | 416428 | 0 |
| CSX CORP | COM | 126408103 |  | 20350948 | 495760 | SH |  | SOLE |  | 495760 | 0 | 0 |
| CUBESMART | COM | 229663109 |  | 17380126 | 474219 | SH |  | OTR | 1 | 0 | 474219 | 0 |
| CUBESMART | COM | 229663109 |  | 82954966 | 2263437 | SH |  | SOLE |  | 2263437 | 0 | 0 |
| DANAHER CORP DEL | COM | 235851102 |  | 6075163 | 32042 | SH |  | SOLE |  | 32042 | 0 | 0 |
| DIGITAL RLTY TR INC | COM | 253868103 |  | 44886346 | 249078 | SH |  | OTR | 1 | 0 | 249078 | 0 |
| DIGITAL RLTY TR INC | COM | 253868103 |  | 233885909 | 1297852 | SH |  | SOLE |  | 1297852 | 0 | 0 |
| DOMINION ENERGY INC | COM | 25746U109 |  | 6707099 | 108494 | SH |  | OTR | 1 | 0 | 108494 | 0 |
| DOMINION ENERGY INC | COM | 25746U109 |  | 90488098 | 1463735 | SH |  | SOLE |  | 1463735 | 0 | 0 |
| DT MIDSTREAM INC | COMMON STOCK | 23345M107 |  | 4357113 | 32354 | SH |  | OTR | 1 | 0 | 32354 | 0 |
| DT MIDSTREAM INC | COMMON STOCK | 23345M107 |  | 48875110 | 362925 | SH |  | SOLE |  | 362925 | 0 | 0 |
| DT MIDSTREAM INC | COMMON STOCK | 23345M107 |  | 3354226 | 24907 | SH |  | SOLE | 1 | 24907 | 0 | 0 |
| DTE ENERGY CO | COM | 233331107 |  | 5656521 | 38685 | SH |  | OTR | 1 | 0 | 38685 | 0 |
| DTE ENERGY CO | COM | 233331107 |  | 109746883 | 750560 | SH |  | SOLE |  | 750560 | 0 | 0 |
| DTE ENERGY CO | COM | 233331107 |  | 470390 | 3217 | SH |  | SOLE | 1 | 3217 | 0 | 0 |
| DUKE ENERGY CORP NEW | COM NEW | 26441C204 |  | 8558107 | 65359 | SH |  | OTR | 1 | 0 | 65359 | 0 |
| DUKE ENERGY CORP NEW | COM NEW | 26441C204 |  | 108894680 | 831638 | SH |  | SOLE |  | 831638 | 0 | 0 |
| EASTGROUP PPTYS INC | COM | 277276101 |  | 1224370 | 6615 | SH |  | SOLE |  | 6615 | 0 | 0 |
| ECOLAB INC | COM | 278865100 |  | 19930484 | 74921 | SH |  | SOLE |  | 74921 | 0 | 0 |
| EDISON INTL | COM | 281020107 |  | 9045048 | 123600 | SH |  | SOLE |  | 123600 | 0 | 0 |
| EMERA INC | COM | 290876101 |  | 97308840 | 1349450 | SH |  | SOLE |  | 1349450 | 0 | 0 |
| ENBRIDGE INC | COM | 29250N105 |  | 15281394 | 282257 | SH |  | OTR | 1 | 0 | 282257 | 0 |
| ENBRIDGE INC | COM | 29250N105 |  | 66086478 | 1220659 | SH |  | SOLE |  | 1220659 | 0 | 0 |
| ENBRIDGE INC | COM | 29250N105 |  | 1962413 | 36247 | SH |  | SOLE | 1 | 36247 | 0 | 0 |
| ENERGY TRANSFER L P | COM UT LTD PTN | 29273V100 |  | 82184167 | 4258247 | SH |  | SOLE |  | 4258247 | 0 | 0 |
| ENERGY TRANSFER L P | COM UT LTD PTN | 29273V100 |  | 1707876 | 88491 | SH |  | SOLE | 1 | 88491 | 0 | 0 |
| ENPHASE ENERGY INC | COM | 29355A107 |  | 204439 | 5407 | SH |  | SOLE |  | 5407 | 0 | 0 |
| ENPHASE ENERGY INC | COM | 29355A107 |  | 1321649 | 34955 | SH |  | SOLE | 1 | 34955 | 0 | 0 |
| ENTERGY CORP NEW | COM | 29364G103 |  | 12114093 | 107815 | SH |  | OTR | 1 | 0 | 107815 | 0 |
| ENTERGY CORP NEW | COM | 29364G103 |  | 160047269 | 1424415 | SH |  | SOLE |  | 1424415 | 0 | 0 |
| ENTERPRISE PRODS PARTNERS L | COM | 293792107 |  | 57024880 | 1507000 | SH |  | SOLE |  | 1507000 | 0 | 0 |
| ENTERPRISE PRODS PARTNERS L | COM | 293792107 |  | 2012066 | 53173 | SH |  | SOLE | 1 | 53173 | 0 | 0 |
| EQT CORP | COM | 26884L109 |  | 592170 | 9305 | SH |  | SOLE | 1 | 9305 | 0 | 0 |
| EQUINIX INC | COM | 29444U700 |  | 64590954 | 65893 | SH |  | OTR | 1 | 0 | 65893 | 0 |
| EQUINIX INC | COM | 29444U700 |  | 398653806 | 406690 | SH |  | SOLE |  | 406690 | 0 | 0 |
| EQUITY LIFESTYLE PROPERTIES | COM | 29472R108 |  | 16797222 | 269100 | SH |  | OTR | 1 | 0 | 269100 | 0 |
| EQUITY LIFESTYLE PROPERTIES | COM | 29472R108 |  | 74609690 | 1195285 | SH |  | SOLE |  | 1195285 | 0 | 0 |
| ESSENTIAL PPTYS RLTY TR INC | COM | 29670E107 |  | 20716146 | 682350 | SH |  | OTR | 1 | 0 | 682350 | 0 |
| ESSENTIAL PPTYS RLTY TR INC | COM | 29670E107 |  | 83462433 | 2749092 | SH |  | SOLE |  | 2749092 | 0 | 0 |
| ESSENTIAL UTILS INC | COM | 29670G102 |  | 88142332 | 2188784 | SH |  | SOLE |  | 2188784 | 0 | 0 |
| ESSEX PPTY TR INC | COM | 297178105 |  | 14581710 | 60255 | SH |  | OTR | 1 | 0 | 60255 | 0 |
| ESSEX PPTY TR INC | COM | 297178105 |  | 64372484 | 266002 | SH |  | SOLE |  | 266002 | 0 | 0 |
| EVERGY INC | COM | 30034W106 |  | 10561946 | 128930 | SH |  | OTR | 1 | 0 | 128930 | 0 |
| EVERGY INC | COM | 30034W106 |  | 125086106 | 1526930 | SH |  | SOLE |  | 1526930 | 0 | 0 |
| EVERSOURCE ENERGY | COM | 30040W108 |  | 29384419 | 424140 | SH |  | SOLE |  | 424140 | 0 | 0 |
| EXTRA SPACE STORAGE INC | COM | 30225T102 |  | 2242716 | 17103 | SH |  | SOLE |  | 17103 | 0 | 0 |
| FERGUSON ENTERPRISES INC | COMMON STOCK NEW | 31488V107 |  | 5797211 | 24853 | SH |  | SOLE |  | 24853 | 0 | 0 |
| FERROVIAL SE | ORD SHS | N3168P101 |  | 7305464 | 131820 | SH |  | OTR | 1 | 0 | 131820 | 0 |
| FERROVIAL SE | ORD SHS | N3168P101 |  | 14635314 | 264080 | SH |  | SOLE |  | 264080 | 0 | 0 |
| FIRST INDL RLTY TR INC | COM | 32054K103 |  | 24097418 | 416550 | SH |  | OTR | 1 | 0 | 416550 | 0 |
| FIRST INDL RLTY TR INC | COM | 32054K103 |  | 102918505 | 1779058 | SH |  | SOLE |  | 1779058 | 0 | 0 |
| FIRST SOLAR INC | COM | 336433107 |  | 398662 | 2021 | SH |  | SOLE |  | 2021 | 0 | 0 |
| FIRST SOLAR INC | COM | 336433107 |  | 2689443 | 13634 | SH |  | SOLE | 1 | 13634 | 0 | 0 |
| FIRSTENERGY CORP | COM | 337932107 |  | 66085970 | 1304500 | SH |  | SOLE |  | 1304500 | 0 | 0 |
| FORTIS INC | COM | 349553107 |  | 76205259 | 981900 | SH |  | SOLE |  | 981900 | 0 | 0 |
| FRANKLIN ELEC INC | COM | 353514102 |  | 8292719 | 89972 | SH |  | SOLE |  | 89972 | 0 | 0 |
| GAMING  LEISURE P | COM | 36467J108 |  | 12073964 | 272120 | SH |  | OTR | 1 | 0 | 272120 | 0 |
| GAMING  LEISURE P | COM | 36467J108 |  | 38354715 | 864429 | SH |  | SOLE |  | 864429 | 0 | 0 |
| GE VERNOVA INC | COM | 36828A101 |  | 78561 | 90 | SH |  | SOLE |  | 90 | 0 | 0 |
| GE VERNOVA INC | COM | 36828A101 |  | 504536 | 578 | SH |  | SOLE | 1 | 578 | 0 | 0 |
| GFL ENVIRONMENTAL INC | SUB VTG SHS | 36168Q104 |  | 14740802 | 353327 | SH |  | SOLE |  | 353327 | 0 | 0 |
| GRUPO AEROPORTUARIO DEL CENT | SPON ADR | 400501102 |  | 4933390 | 43000 | SH |  | SOLE |  | 43000 | 0 | 0 |
| H2O AMERICA | COM | 784305104 |  | 6559013 | 111795 | SH |  | SOLE |  | 111795 | 0 | 0 |
| HOST HOTELS  RESORTS INC | COM | 44107P104 |  | 526402 | 27474 | SH |  | OTR | 1 | 0 | 27474 | 0 |
| HOST HOTELS  RESORTS INC | COM | 44107P104 |  | 6387369 | 333370 | SH |  | SOLE |  | 333370 | 0 | 0 |
| HUBBELL INC | COM | 443510607 |  | 87352 | 178 | SH |  | SOLE |  | 178 | 0 | 0 |
| HUBBELL INC | COM | 443510607 |  | 619314 | 1262 | SH |  | SOLE | 1 | 1262 | 0 | 0 |
| IDEX CORP | COM | 45167R104 |  | 8078621 | 42620 | SH |  | SOLE |  | 42620 | 0 | 0 |
| INVESCO DB COMMDY INDX TRCK | UNIT | 46138B103 |  | 1704981 | 58894 | SH |  | SOLE |  | 58894 | 0 | 0 |
| INVESCO DB MULTI-SECTOR COMM | AGRICULTURE FD | 46140H106 |  | 465123 | 17025 | SH |  | SOLE |  | 17025 | 0 | 0 |
| INVITATION HOMES INC | COM | 46187W107 |  | 3270906 | 131626 | SH |  | SOLE |  | 131626 | 0 | 0 |
| IRON MTN INC DEL | COM | 46284V101 |  | 28202897 | 276120 | SH |  | OTR | 1 | 0 | 276120 | 0 |
| IRON MTN INC DEL | COM | 46284V101 |  | 132702024 | 1299217 | SH |  | SOLE |  | 1299217 | 0 | 0 |
| KIMCO REALTY CORP | COM | 49446R109 |  | 5488073 | 244240 | SH |  | OTR | 1 | 0 | 244240 | 0 |
| KIMCO REALTY CORP | COM | 49446R109 |  | 16000460 | 712081 | SH |  | SOLE |  | 712081 | 0 | 0 |
| KINDER MORGAN INC DEL | COM | 49456B101 |  | 48200247 | 1437526 | SH |  | SOLE |  | 1437526 | 0 | 0 |
| KINDER MORGAN INC DEL | COM | 49456B101 |  | 2220290 | 66218 | SH |  | SOLE | 1 | 66218 | 0 | 0 |
| KODIAK GAS SVCS INC | COM | 50012A108 |  | 19245600 | 330000 | SH |  | SOLE |  | 330000 | 0 | 0 |
| KODIAK GAS SVCS INC | COM | 50012A108 |  | 1111054 | 19051 | SH |  | SOLE | 1 | 19051 | 0 | 0 |
| MID-AMER APT CMNTYS INC | COM | 59522J103 |  | 20271920 | 166000 | SH |  | OTR | 1 | 0 | 166000 | 0 |
| MID-AMER APT CMNTYS INC | COM | 59522J103 |  | 83498695 | 683743 | SH |  | SOLE |  | 683743 | 0 | 0 |
| MPLX LP | COM UNIT REP LTD | 55336V100 |  | 93048469 | 1630427 | SH |  | SOLE |  | 1630427 | 0 | 0 |
| MPLX LP | COM UNIT REP LTD | 55336V100 |  | 2170943 | 38040 | SH |  | SOLE | 1 | 38040 | 0 | 0 |
| MUELLER WTR PRODS INC | COM SER A | 624758108 |  | 13528901 | 492139 | SH |  | SOLE |  | 492139 | 0 | 0 |
| NEXTERA ENERGY INC | COM | 65339F101 |  | 29704324 | 319814 | SH |  | OTR | 1 | 0 | 319814 | 0 |
| NEXTERA ENERGY INC | COM | 65339F101 |  | 147761213 | 1590883 | SH |  | SOLE |  | 1590883 | 0 | 0 |
| NEXTERA ENERGY INC | COM | 65339F101 |  | 992237 | 10683 | SH |  | SOLE | 1 | 10683 | 0 | 0 |
| NEXTPOWER INC | CLASS A COM | 65290E101 |  | 607572 | 5040 | SH |  | SOLE |  | 5040 | 0 | 0 |
| NEXTPOWER INC | CLASS A COM | 65290E101 |  | 3996956 | 33156 | SH |  | SOLE | 1 | 33156 | 0 | 0 |
| NISOURCE INC | COM | 65473P105 |  | 11842448 | 253803 | SH |  | OTR | 1 | 0 | 253803 | 0 |
| NISOURCE INC | COM | 65473P105 |  | 131963205 | 2828187 | SH |  | SOLE |  | 2828187 | 0 | 0 |
| NISOURCE INC | COM | 65473P105 |  | 1150169 | 24650 | SH |  | SOLE | 1 | 24650 | 0 | 0 |
| NORTHWEST NAT HLDG CO | COM | 66765N105 |  | 32628650 | 613090 | SH |  | SOLE |  | 613090 | 0 | 0 |
| OGE ENERGY CORP | COM | 670837103 |  | 9438816 | 196806 | SH |  | OTR | 1 | 0 | 196806 | 0 |
| OGE ENERGY CORP | COM | 670837103 |  | 90139189 | 1879466 | SH |  | SOLE |  | 1879466 | 0 | 0 |
| OGE ENERGY CORP | COM | 670837103 |  | 964572 | 20112 | SH |  | SOLE | 1 | 20112 | 0 | 0 |
| ONE GAS INC | COM | 68235P108 |  | 49610880 | 576000 | SH |  | SOLE |  | 576000 | 0 | 0 |
| ONEOK INC NEW | COM | 682680103 |  | 11809454 | 130650 | SH |  | OTR | 1 | 0 | 130650 | 0 |
| ONEOK INC NEW | COM | 682680103 |  | 77441090 | 856744 | SH |  | SOLE |  | 856744 | 0 | 0 |
| ONEOK INC NEW | COM | 682680103 |  | 3912531 | 43285 | SH |  | SOLE | 1 | 43285 | 0 | 0 |
| ORMAT TECHNOLOGIES INC | COM | 686688102 |  | 219475 | 1961 | SH |  | SOLE |  | 1961 | 0 | 0 |
| ORMAT TECHNOLOGIES INC | COM | 686688102 |  | 1430561 | 12782 | SH |  | SOLE | 1 | 12782 | 0 | 0 |
| PEBBLEBROOK HOTEL TR | COM | 70509V100 |  | 7216782 | 571400 | SH |  | OTR | 1 | 0 | 571400 | 0 |
| PEBBLEBROOK HOTEL TR | COM | 70509V100 |  | 33028082 | 2615050 | SH |  | SOLE |  | 2615050 | 0 | 0 |
| PEMBINA PIPELINE CORP | COM | 706327103 |  | 1477170 | 33002 | SH |  | SOLE | 1 | 33002 | 0 | 0 |
| PEMBINA PIPELINE CORP | COM | 706327103 |  | 51472382 | 826600 | SH |  | SOLE |  | 826600 | 0 | 0 |
| PENTAIR PLC | SHS | G7S00T104 |  | 19136935 | 219687 | SH |  | SOLE |  | 219687 | 0 | 0 |
| PG CORP | COM | 69331C108 |  | 11659417 | 663598 | SH |  | OTR | 1 | 0 | 663598 | 0 |
| PG CORP | COM | 69331C108 |  | 77578314 | 4415385 | SH |  | SOLE |  | 4415385 | 0 | 0 |
| PHILLIPS EDISON  CO INC | COMMON STOCK | 71844V201 |  | 12821589 | 342640 | SH |  | OTR | 1 | 0 | 342640 | 0 |
| PHILLIPS EDISON  CO INC | COMMON STOCK | 71844V201 |  | 54591140 | 1458876 | SH |  | SOLE |  | 1458876 | 0 | 0 |
| PINNACLE WEST CAP CORP | COM | 723484101 |  | 62961698 | 624930 | SH |  | SOLE |  | 624930 | 0 | 0 |
| PLAINS ALL AMERN PIPELINE L | UNIT LTD PARTN | 726503105 |  | 39678177 | 1776900 | SH |  | SOLE |  | 1776900 | 0 | 0 |
| PLAINS GP HLDGS L P | LTD PARTNR INT A | 72651A207 |  | 1701324 | 70071 | SH |  | SOLE | 1 | 70071 | 0 | 0 |
| PLUG PWR INC | COM NEW | 72919P202 |  | 135019 | 59743 | SH |  | SOLE |  | 59743 | 0 | 0 |
| PLUG PWR INC | COM NEW | 72919P202 |  | 878021 | 388505 | SH |  | SOLE | 1 | 388505 | 0 | 0 |
| PPL CORP | COM | 69351T106 |  | 9056838 | 237090 | SH |  | OTR | 1 | 0 | 237090 | 0 |
| PPL CORP | COM | 69351T106 |  | 106131136 | 2778302 | SH |  | SOLE |  | 2778302 | 0 | 0 |
| PROLOGIS INC. | COM | 74340W103 |  | 71851065 | 543585 | SH |  | OTR | 1 | 0 | 543585 | 0 |
| PROLOGIS INC. | COM | 74340W103 |  | 323348101 | 2446271 | SH |  | SOLE |  | 2446271 | 0 | 0 |
| PUBLIC STORAGE OPER CO | COM | 74460D109 |  | 24943985 | 92085 | SH |  | OTR | 1 | 0 | 92085 | 0 |
| PUBLIC STORAGE OPER CO | COM | 74460D109 |  | 124904122 | 461105 | SH |  | SOLE |  | 461105 | 0 | 0 |
| PUBLIC SVC ENTERPRISE GROUP | COM | 744573106 |  | 5040918 | 62272 | SH |  | OTR | 1 | 0 | 62272 | 0 |
| PUBLIC SVC ENTERPRISE GROUP | COM | 744573106 |  | 90446406 | 1117312 | SH |  | SOLE |  | 1117312 | 0 | 0 |
| REXFORD INDL RLTY INC | COM | 76169C100 |  | 37883175 | 1157445 | SH |  | SOLE |  | 1157445 | 0 | 0 |
| RYMAN HOSPITALITY PPTYS INC | COM | 78377T107 |  | 13284296 | 143972 | SH |  | OTR | 1 | 0 | 143972 | 0 |
| RYMAN HOSPITALITY PPTYS INC | COM | 78377T107 |  | 58700421 | 636181 | SH |  | SOLE |  | 636181 | 0 | 0 |
| SABRA HEALTH CARE REIT INC | COM | 78573L106 |  | 11498675 | 597955 | SH |  | OTR | 1 | 0 | 597955 | 0 |
| SABRA HEALTH CARE REIT INC | COM | 78573L106 |  | 42892323 | 2230490 | SH |  | SOLE |  | 2230490 | 0 | 0 |
| SBA COMMUNICATIONS CORP | CL A | 78410G104 |  | 6695423 | 38902 | SH |  | SOLE |  | 38902 | 0 | 0 |
| SCHWAB STRATEGIC TR | US TIPS ETF | 808524870 |  | 1184677 | 44520 | SH |  | SOLE |  | 44520 | 0 | 0 |
| SEMPRA | COM | 816851109 |  | 19587431 | 201579 | SH |  | OTR | 1 | 0 | 201579 | 0 |
| SEMPRA | COM | 816851109 |  | 181348954 | 1866306 | SH |  | SOLE |  | 1866306 | 0 | 0 |
| SEMPRA | COM | 816851109 |  | 1825047 | 18782 | SH |  | SOLE | 1 | 18782 | 0 | 0 |
| SIMON PPTY GROUP INC NEW | COM | 828806109 |  | 30824642 | 165253 | SH |  | OTR | 1 | 0 | 165253 | 0 |
| SIMON PPTY GROUP INC NEW | COM | 828806109 |  | 130964205 | 702108 | SH |  | SOLE |  | 702108 | 0 | 0 |
| SMARTSTOP SELF STORAG REIT I | COMMON STOCK | 83192D402 |  | 4298730 | 141966 | SH |  | OTR | 1 | 0 | 141966 | 0 |
| SMARTSTOP SELF STORAG REIT I | COMMON STOCK | 83192D402 |  | 20886811 | 689789 | SH |  | SOLE |  | 689789 | 0 | 0 |
| SOLAREDGE TECHNOLOGIES INC | COM | 83417M104 |  | 132934 | 2604 | SH |  | SOLE |  | 2604 | 0 | 0 |
| SOLAREDGE TECHNOLOGIES INC | COM | 83417M104 |  | 858355 | 16814 | SH |  | SOLE | 1 | 16814 | 0 | 0 |
| SOUTHERN CO | COM | 842587107 |  | 19606301 | 203132 | SH |  | OTR | 1 | 0 | 203132 | 0 |
| SOUTHERN CO | COM | 842587107 |  | 83380636 | 863869 | SH |  | SOLE |  | 863869 | 0 | 0 |
| SOUTHERN CO | COM | 842587107 |  | 607400 | 6293 | SH |  | SOLE | 1 | 6293 | 0 | 0 |
| SOUTHWEST GAS HLDGS INC | COM | 844895102 |  | 7386500 | 85000 | SH |  | SOLE |  | 85000 | 0 | 0 |
| SPDR INDEX SHS FDS | STATE STREET SPD | 78463X541 |  | 4099383 | 54900 | SH |  | SOLE |  | 54900 | 0 | 0 |
| SPIRE INC | COM | 84857L101 |  | 5829146 | 64382 | SH |  | OTR | 1 | 0 | 64382 | 0 |
| SPIRE INC | COM | 84857L101 |  | 78606828 | 868200 | SH |  | SOLE |  | 868200 | 0 | 0 |
| STANTEC INC | COM | 85472N109 |  | 5946977 | 49451 | SH |  | SOLE |  | 49451 | 0 | 0 |
| STANTEC INC | COM | 85472N109 |  | 1296 | 15 | SH |  | SOLE |  | 15 | 0 | 0 |
| SUNOCOCORP LLC | COM SHS LLC | 86765Q106 |  | 5980050 | 97000 | SH |  | SOLE |  | 97000 | 0 | 0 |
| SUNOCOCORP LLC | COM SHS LLC | 86765Q106 |  | 640174 | 10384 | SH |  | SOLE | 1 | 10384 | 0 | 0 |
| SUNRUN INC | COM | 86771W105 |  | 107788 | 7949 | SH |  | SOLE |  | 7949 | 0 | 0 |
| SUNRUN INC | COM | 86771W105 |  | 686855 | 50653 | SH |  | SOLE | 1 | 50653 | 0 | 0 |
| TARGA RES CORP | COM | 87612G101 |  | 13473729 | 53738 | SH |  | OTR | 1 | 0 | 53738 | 0 |
| TARGA RES CORP | COM | 87612G101 |  | 109521622 | 436811 | SH |  | SOLE |  | 436811 | 0 | 0 |
| TARGA RES CORP | COM | 87612G101 |  | 4725759 | 18848 | SH |  | SOLE | 1 | 18848 | 0 | 0 |
| TC ENERGY CORP | COM | 87807B107 |  | 13735504 | 219417 | SH |  | OTR | 1 | 0 | 219417 | 0 |
| TC ENERGY CORP | COM | 87807B107 |  | 85144764 | 1360140 | SH |  | SOLE |  | 1360140 | 0 | 0 |
| TC ENERGY CORP | COM | 87807B107 |  | 2928616 | 46783 | SH |  | SOLE | 1 | 46783 | 0 | 0 |
| TE CONNECTIVITY PLC | ORD SHS | G87052109 |  | 100121 | 479 | SH |  | SOLE |  | 479 | 0 | 0 |
| TE CONNECTIVITY PLC | ORD SHS | G87052109 |  | 660294 | 3159 | SH |  | SOLE | 1 | 3159 | 0 | 0 |
| TELUS CORPORATION | COM | 87971M103 |  | 47677020 | 2666500 | SH |  | SOLE |  | 2666500 | 0 | 0 |
| TETRA TECH INC NEW | COM | 88162G103 |  | 6356465 | 211038 | SH |  | SOLE |  | 211038 | 0 | 0 |
| THERMO FISHER SCIENTIFIC INC | COM | 883556102 |  | 3437269 | 6993 | SH |  | SOLE |  | 6993 | 0 | 0 |
| UNION PAC CORP | COM | 907818108 |  | 27854474 | 114807 | SH |  | OTR | 1 | 0 | 114807 | 0 |
| UNION PAC CORP | COM | 907818108 |  | 34370277 | 141663 | SH |  | SOLE |  | 141663 | 0 | 0 |
| VALMONT INDS INC | COM | 920253101 |  | 13807940 | 34557 | SH |  | SOLE |  | 34557 | 0 | 0 |
| VANECK ETF TRUST | GOLD MINERS ETF | 92189F106 |  | 1815211 | 19780 | SH |  | SOLE |  | 19780 | 0 | 0 |
| VENTAS INC | COM | 92276F100 |  | 36468973 | 445940 | SH |  | OTR | 1 | 0 | 445940 | 0 |
| VENTAS INC | COM | 92276F100 |  | 177130083 | 2165934 | SH |  | SOLE |  | 2165934 | 0 | 0 |
| VERALTO CORP | COM SHS | 92338C103 |  | 36480943 | 412587 | SH |  | SOLE |  | 412587 | 0 | 0 |
| VERIZON COMMUNICATIONS INC | COM | 92343V104 |  | 67242348 | 1339489 | SH |  | SOLE |  | 1339489 | 0 | 0 |
| VICI PPTYS INC | COM | 925652109 |  | 3069894 | 112368 | SH |  | SOLE |  | 112368 | 0 | 0 |
| VIRTUS ETF TR II | DUFF  PHELPS CL | 92790A702 |  | 1729630 | 61475 | SH |  | SOLE |  | 61475 | 0 | 0 |
| VORNADO RLTY TR | SH BEN INT | 929042109 |  | 7578034 | 291575 | SH |  | OTR | 1 | 0 | 291575 | 0 |
| VORNADO RLTY TR | SH BEN INT | 929042109 |  | 32341566 | 1244385 | SH |  | SOLE |  | 1244385 | 0 | 0 |
| WASTE MGMT INC DEL | COM | 94106L109 |  | 10011261 | 43567 | SH |  | SOLE |  | 43567 | 0 | 0 |
| WATTS WATER TECHNOLOGIES INC | CL A | 942749102 |  | 10843202 | 37353 | SH |  | SOLE |  | 37353 | 0 | 0 |
| WEC ENERGY GROUP INC | COM | 92939U106 |  | 6250075 | 53987 | SH |  | OTR | 1 | 0 | 53987 | 0 |
| WEC ENERGY GROUP INC | COM | 92939U106 |  | 107360699 | 927362 | SH |  | SOLE |  | 927362 | 0 | 0 |
| WELLTOWER INC | COM | 95040Q104 |  | 86245056 | 436220 | SH |  | OTR | 1 | 0 | 436220 | 0 |
| WELLTOWER INC | COM | 95040Q104 |  | 434234427 | 2196320 | SH |  | SOLE |  | 2196320 | 0 | 0 |
| WEYERHAEUSER CO | COM NEW | 962166104 |  | 5333900 | 218334 | SH |  | SOLE |  | 218334 | 0 | 0 |
| WILLIAMS COS INC | COM | 969457100 |  | 20086116 | 275984 | SH |  | OTR | 1 | 0 | 275984 | 0 |
| WILLIAMS COS INC | COM | 969457100 |  | 116007463 | 1593947 | SH |  | SOLE |  | 1593947 | 0 | 0 |
| WILLIAMS COS INC | COM | 969457100 |  | 4574587 | 62855 | SH |  | SOLE | 1 | 62855 | 0 | 0 |
| XCEL ENERGY INC | COM | 98389B100 |  | 14974758 | 188504 | SH |  | OTR | 1 | 0 | 188504 | 0 |
| XCEL ENERGY INC | COM | 98389B100 |  | 177102821 | 2229391 | SH |  | SOLE |  | 2229391 | 0 | 0 |
| XCEL ENERGY INC | COM | 98389B100 |  | 556716 | 7008 | SH |  | SOLE | 1 | 7008 | 0 | 0 |
| XYLEM INC | COM | 98419M100 |  | 36374725 | 304391 | SH |  | SOLE |  | 304391 | 0 | 0 |
| ZURN ELKAY WATER SOLNS CORP | COM | 98983L108 |  | 7625490 | 170060 | SH |  | SOLE |  | 170060 | 0 | 0 |

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