| COLUMN 1 | COLUMN 2 | COLUMN 3 | COLUMN 4 | COLUMN 5 | COLUMN 6 | COLUMN 7 | COLUMN 8 |
| | | VALUE | SHRS OR | SH/ | PUT/ | INVESTMENT | OTHER | VOTING AUTHORITY |
| NAME OF ISSUER | TITLE OF CLASS | CUSIP | (x$1000) | PRN AMT | PRN | CALL | DISCRETION | MANAGER | SOLE | SHARED | NONE |
| AECOM | COM | 00766T100 | 2,510 | 84,582 | SH | | DFND | 1 | 84,582 | 0 | 0 |
| AIR PRODS & CHEMS INC | COM | 009158106 | 4,010 | 21,000 | SH | | DFND | 1 | 21,000 | 0 | 0 |
| ALLEGION PUB LTD CO | ORD SHS | G0176J909 | 2,086 | 23,000 | SH | | DFND | 1 | 23,000 | 0 | 0 |
| ALPS ETF TR | ALERIAN MLP | 00162Q866 | 1 | 52 | SH | | DFND | 1 | 52 | 0 | 0 |
| ALTUS MIDSTREAM CO | CL A | 02215L100 | 117 | 19,875 | SH | | DFND | 1 | 19,875 | 0 | 0 |
| AMEREN CORP | COM | 023608102 | 52,951 | 719,930 | SH | | DFND | 1 | 62,800 | 0 | 657,130 |
| AMERICAN ELEC PWR CO INC | COM | 025537101 | 111,697 | 1,333,699 | SH | | DFND | 1 | 672,664 | 0 | 661,035 |
| AMERICAN HOMES 4 RENT | CL A | 02665T306 | 0 | 0 | SH | | DFND | 1 | 0 | 0 | 0 |
| AMERICAN TOWER CORP NEW | COM | 03027X100 | 260,158 | 1,320,195 | SH | | DFND | 1 | 1,186,979 | 0 | 133,216 |
| AMERICOLD RLTY TR | COM | 03064D108 | 119,834 | 3,927,711 | SH | | DFND | 1 | 2,961,010 | 0 | 966,701 |
| AMETEK INC NEW | COM | 031100100 | 3,153 | 38,000 | SH | | DFND | 1 | 38,000 | 0 | 0 |
| ANDEAVOR LOGISTICS LP | COM UNIT LP INT | 03350F106 | 107,728 | 3,055,251 | SH | | DFND | 1 | 3,055,251 | 0 | 0 |
| ANDEAVOR LOGISTICS LP | COM UNIT LP INT | 03350F106 | 77 | 2,193 | SH | | DFND | 1 | 2,193 | 0 | 0 |
| ANTERO MIDSTREAM CORP | COM | 03676B102 | 170 | 12,354 | SH | | DFND | 1 | 12,354 | 0 | 0 |
| ARCHER DANIELS MIDLAND CO | COM | 039483102 | 3,669 | 85,066 | SH | | DFND | 1 | 85,066 | 0 | 0 |
| ARCHROCK INC | COM | 03957W106 | 1,429 | 146,160 | SH | | DFND | 1 | 146,160 | 0 | 0 |
| ATMOS ENERGY CORP | COM | 049560105 | 98,837 | 960,234 | SH | | DFND | 1 | 464,982 | 0 | 495,252 |
| AVALONBAY CMNTYS INC | COM | 053484101 | 286,291 | 1,426,250 | SH | | DFND | 1 | 1,075,650 | 0 | 350,600 |
| AVANGRID INC | COM | 05351W103 | 3,318 | 65,900 | SH | | DFND | 1 | 65,900 | 0 | 0 |
| BHP GROUP LTD | SPONSORED ADS | 088606108 | 7,851 | 143,600 | SH | | DFND | 1 | 0 | 0 | 143,600 |
| BOSTON PROPERTIES INC | COM | 101121101 | 27,888 | 208,307 | SH | | DFND | 1 | 151,507 | 0 | 56,800 |
| BP PLC | SPONSORED ADR | 055622104 | 6,868 | 157,100 | SH | | DFND | 1 | 0 | 0 | 157,100 |
| BROOKFIELD GLOBL LISTED INFR | COM SHS | 11273Q109 | 2,444 | 198,377 | SH | | DFND | 1 | 0 | 0 | 198,377 |
| BROOKFIELD REAL ASSETS INCOM | SHS BEN INT | 112830104 | 1,452 | 67,183 | SH | | DFND | 1 | 0 | 0 | 67,183 |
| BUCKEYE PARTNERS L P | UNIT LTD PARTN | 118230101 | 85,253 | 2,505,962 | SH | | DFND | 1 | 2,505,962 | 0 | 0 |
| BUCKEYE PARTNERS L P | UNIT LTD PARTN | 118230101 | 48 | 1,407 | SH | | DFND | 1 | 1,407 | 0 | 0 |
| BUNGE LIMITED | COM | G16962105 | 1,231 | 23,199 | SH | | DFND | 1 | 23,199 | 0 | 0 |
| BWX TECHNOLOGIES INC | COM | 05605H100 | 2,519 | 50,797 | SH | | DFND | 1 | 50,797 | 0 | 0 |
| CAMDEN PPTY TR | SH BEN INT | 133131102 | 700 | 6,900 | SH | | DFND | 1 | 6,900 | 0 | 0 |
| CANADIAN NATL RY CO | COM | 136375102 | 2,059 | 22,980 | SH | | DFND | 1 | 22,980 | 0 | 0 |
| CARLISLE COS INC | COM | 142339100 | 2,085 | 17,000 | SH | | DFND | 1 | 17,000 | 0 | 0 |
| CATCHMARK TIMBER TR INC | CL A | 14912Y202 | 2,844 | 289,585 | SH | | DFND | 1 | 289,585 | 0 | 0 |
| CATERPILLAR INC DEL | COM | 149123101 | 4,200 | 31,000 | SH | | DFND | 1 | 31,000 | 0 | 0 |
| CENTER COAST BRKFLD MLP ENRG | SHS BEN INT | 151461100 | 119 | 14,333 | SH | | DFND | 1 | 0 | 0 | 14,333 |
| CF INDS HLDGS INC | COM | 125269100 | 1,028 | 25,147 | SH | | DFND | 1 | 25,147 | 0 | 0 |
| CHENIERE ENERGY INC | COM NEW | 16411R208 | 96,856 | 1,416,847 | SH | | DFND | 1 | 1,020,696 | 0 | 396,151 |
| CHENIERE ENERGY INC | COM NEW | 16411R208 | 19,040 | 278,530 | SH | | DFND | 1 | 262,669 | 14,268 | 1,593 |
| CHEVRON CORP NEW | COM | 166764100 | 6,165 | 50,050 | SH | | DFND | 1 | 0 | 0 | 50,050 |
| CMS ENERGY CORP | COM | 125896100 | 47,836 | 861,291 | SH | | DFND | 1 | 1,100 | 0 | 860,191 |
| CNX MIDSTREAM PARTNERS LP | COM UNIT REPST | 12654A101 | 2,782 | 182,898 | SH | | DFND | 1 | 182,898 | 0 | 0 |
| COUSINS PPTYS INC | COM | 222795106 | 79,771 | 8,257,902 | SH | | DFND | 1 | 6,417,402 | 0 | 1,840,500 |
| CRESTWOOD EQUITY PARTNERS LP | UNIT LTD PARTNER | 226344208 | 30,815 | 875,688 | SH | | DFND | 1 | 875,688 | 0 | 0 |
| CROWN CASTLE INTL CORP NEW | COM | 22822V101 | 101,152 | 790,249 | SH | | DFND | 1 | 635,949 | 0 | 154,300 |
| CSX CORP | COM | 126408103 | 3,950 | 52,800 | SH | | DFND | 1 | 52,800 | 0 | 0 |
| CUBESMART | COM | 229663109 | 90,840 | 2,835,200 | SH | | DFND | 1 | 2,168,100 | 0 | 667,100 |
| D R HORTON INC | COM | 23331A109 | 2,028 | 49,000 | SH | | DFND | 1 | 49,000 | 0 | 0 |
| DCP MIDSTREAM LP | COM UT LTD PTN | 23311P100 | 90,857 | 2,749,070 | SH | | DFND | 1 | 2,749,070 | 0 | 0 |
| DIGITAL RLTY TR INC | COM | 253868103 | 114,454 | 961,800 | SH | | DFND | 1 | 728,900 | 0 | 232,900 |
| DOMINION ENERGY INC | COM | 25746U109 | 18,780 | 244,982 | SH | | DFND | 1 | 244,982 | 0 | 0 |
| DOMINION ENERGY INC | COM | 25746U109 | 27 | 350 | SH | | DFND | 1 | 350 | 0 | 0 |
| DUKE ENERGY CORP NEW | COM NEW | 26441C204 | 22,836 | 253,730 | SH | | DFND | 1 | 3,000 | 0 | 250,730 |
| EATON CORP PLC | SHS | G29183103 | 4,109 | 51,000 | SH | | DFND | 1 | 51,000 | 0 | 0 |
| ECOLAB INC | COM | 278865100 | 2,118 | 12,000 | SH | | DFND | 1 | 12,000 | 0 | 0 |
| EDISON INTL | COM | 281020107 | 70,062 | 1,131,500 | SH | | DFND | 1 | 890,500 | 0 | 241,000 |
| ENABLE MIDSTREAM PARTNERS LP | COM UNIT RP IN | 292480100 | 30,275 | 2,114,146 | SH | | DFND | 1 | 2,114,146 | 0 | 0 |
| ENBRIDGE INC | COM | 29250N105 | 159,415 | 4,396,763 | SH | | DFND | 1 | 3,979,442 | 0 | 417,321 |
| ENBRIDGE INC | COM | 29250N105 | 163,654 | 4,513,338 | SH | | DFND | 1 | 3,988,996 | 0 | 524,342 |
| ENBRIDGE INC | COM | 29250N105 | 14,299 | 394,333 | SH | | DFND | 1 | 372,332 | 19,783 | 2,218 |
| ENERGY TRANSFER LP | COM UT LTD PTN | 29273V100 | 382,663 | 24,896,723 | SH | | DFND | 1 | 22,070,795 | 0 | 2,825,928 |
| ENERGY TRANSFER LP | COM UT LTD PTN | 29273V100 | 29,116 | 1,894,323 | SH | | DFND | 1 | 1,787,729 | 95,947 | 10,647 |
| ENLINK MIDSTREAM LLC | COM UNIT REP LTD | 29336T100 | 182,891 | 14,310,708 | SH | | DFND | 1 | 14,310,708 | 0 | 0 |
| ENLINK MIDSTREAM LLC | COM UNIT REP LTD | 29336T100 | 46 | 3,562 | SH | | DFND | 1 | 3,562 | 0 | 0 |
| ENTERGY CORP NEW | COM | 29364G103 | 131,491 | 1,375,002 | SH | | DFND | 1 | 776,161 | 0 | 598,841 |
| ENTERPRISE PRODS PARTNERS L | COM | 293792107 | 379,323 | 13,035,159 | SH | | DFND | 1 | 11,382,104 | 0 | 1,653,055 |
| ENTERPRISE PRODS PARTNERS L | COM | 293792107 | 32,280 | 1,109,277 | SH | | DFND | 1 | 1,047,051 | 55,995 | 6,231 |
| EPR PPTYS | COM SH BEN INT | 26884U109 | 83,729 | 1,088,800 | SH | | DFND | 1 | 786,200 | 0 | 302,600 |
| EQM MIDSTREAM PARTNERS LP | UNIT LTD PARTN | 26885B100 | 104,713 | 2,267,982 | SH | | DFND | 1 | 1,988,663 | 0 | 279,319 |
| EQM MIDSTREAM PARTNERS LP | UNIT LTD PARTN | 26885B100 | 10,484 | 227,076 | SH | | DFND | 1 | 214,238 | 11,561 | 1,277 |
| EQUINIX INC | COM | 29444U700 | 59,817 | 132,000 | SH | | DFND | 1 | 109,100 | 0 | 22,900 |
| EQUINOR ASA | SPONSORED ADR | 29446M102 | 7,063 | 321,500 | SH | | DFND | 1 | 0 | 0 | 321,500 |
| EQUITRANS MIDSTREAM CORPORAT | COM | 294600101 | 174 | 8,011 | SH | | DFND | 1 | 8,011 | 0 | 0 |
| EQUITY COMWLTH | COM SH BEN INT | 294628201 | 477 | 17,446 | SH | | DFND | 1 | 17,446 | 0 | 0 |
| ESSENTIAL PPTYS RLTY TR INC | COM | 29670E107 | 18,761 | 961,100 | SH | | DFND | 1 | 786,966 | 0 | 174,134 |
| ESSEX PPTY TR INC | COM | 297178105 | 148,080 | 511,961 | SH | | DFND | 1 | 376,017 | 0 | 135,944 |
| EVERGY INC | COM | 30034W106 | 23,607 | 406,663 | SH | | DFND | 1 | 0 | 0 | 406,663 |
| EXTENDED STAY AMER INC | UNIT 99/99/9999B | 30224P200 | 18,517 | 1,031,600 | SH | | DFND | 1 | 851,600 | 0 | 180,000 |
| EXXON MOBIL CORP | COM | 30231G102 | 6,012 | 74,400 | SH | | DFND | 1 | 0 | 0 | 74,400 |
| F M C CORP | COM NEW | 302491303 | 1,110 | 14,447 | SH | | DFND | 1 | 14,447 | 0 | 0 |
| FARMLAND PARTNERS INC | COM | 31154R109 | 509 | 79,500 | SH | | DFND | 1 | 79,500 | 0 | 0 |
| FEDERAL REALTY INVT TR | SH BEN INT NEW | 313747206 | 86,413 | 626,862 | SH | | DFND | 1 | 461,655 | 0 | 165,207 |
| FIRSTENERGY CORP | COM | 337932107 | 132,228 | 3,177,805 | SH | | DFND | 1 | 1,797,847 | 0 | 1,379,958 |
| FORTRESS TRANS INFRST INVS L | COM REP LTD LIAB | 34960P101 | 9,139 | 534,157 | SH | | DFND | 1 | 0 | 0 | 534,157 |
| GDS HLDGS LTD | SPONSORED ADS | 36165L108 | 2,074 | 58,100 | SH | | DFND | 1 | 58,100 | 0 | 0 |
| GENERAL MLS INC | COM | 370334104 | 535 | 10,344 | SH | | DFND | 1 | 10,344 | 0 | 0 |
| GLADSTONE LD CORP | COM | 376549101 | 401 | 31,700 | SH | | DFND | 1 | 31,700 | 0 | 0 |
| GRACE W R & CO DEL NEW | COM | 38388F108 | 3,044 | 39,000 | SH | | DFND | 1 | 39,000 | 0 | 0 |
| GRANITE REAL ESTATE INVT TR | UNIT 99/99/9999 | 387437114 | 86,794 | 1,814,577 | SH | | DFND | 1 | 1,324,199 | 0 | 490,378 |
| GRUPO AEROPORTUARIO CTR NORT | SPON ADR | 400501102 | 1,941 | 12,000 | SH | | DFND | 1 | 12,000 | 0 | 0 |
| HCP INC | COM | 40414L109 | 163,679 | 5,229,362 | SH | | DFND | 1 | 3,958,162 | 0 | 1,271,200 |
| HERSHEY CO | COM | 427866108 | 333 | 2,900 | SH | | DFND | 1 | 2,900 | 0 | 0 |
| HIGHWOODS PPTYS INC | COM | 431284108 | 160,047 | 3,421,262 | SH | | DFND | 1 | 2,575,662 | 0 | 845,600 |
| HUDSON PAC PPTYS INC | COM | 444097109 | 125,420 | 3,643,815 | SH | | DFND | 1 | 2,760,773 | 0 | 883,042 |
| INGERSOLL-RAND PLC | SHS | G47791101 | 3,131 | 29,000 | SH | | DFND | 1 | 29,000 | 0 | 0 |
| INGREDION INC | COM | 457187102 | 1,128 | 11,917 | SH | | DFND | 1 | 11,917 | 0 | 0 |
| ISRAEL CHEMICALS LTD | SHS | M5920A109 | 496 | 94,600 | SH | | DFND | 1 | 94,600 | 0 | 0 |
| KILROY RLTY CORP | COM | 49427F108 | 251,443 | 3,310,203 | SH | | DFND | 1 | 2,499,615 | 0 | 810,588 |
| KINDER MORGAN INC DEL | COM | 49456B101 | 263,366 | 13,161,737 | SH | | DFND | 1 | 11,648,596 | 0 | 1,513,141 |
| KINDER MORGAN INC DEL | COM | 49456B101 | 14,536 | 726,435 | SH | | DFND | 1 | 686,055 | 36,192 | 4,188 |
| KRAFT HEINZ CO | COM | 500754106 | 331 | 10,149 | SH | | DFND | 1 | 10,149 | 0 | 0 |
| LENNAR CORP | CL A | 526057104 | 1,419 | 28,900 | SH | | DFND | 1 | 28,900 | 0 | 0 |
| LIVENT CORP | COM | 53814L108 | 166 | 13,512 | SH | | DFND | 1 | 13,512 | 0 | 0 |
| LYONDELLBASELL INDUSTRIES N | SHS - A - | N53745100 | 2,943 | 35,000 | SH | | DFND | 1 | 35,000 | 0 | 0 |
| MAGELLAN MIDSTREAM PRTNRS LP | COM UNIT RP LP | 559080106 | 180,172 | 2,971,662 | SH | | DFND | 1 | 2,520,119 | 0 | 451,543 |
| MAGELLAN MIDSTREAM PRTNRS LP | COM UNIT RP LP | 559080106 | 19,223 | 317,047 | SH | | DFND | 1 | 299,159 | 16,120 | 1,768 |
| MCCORMICK & CO INC | COM NON VTG | 579780206 | 362 | 2,400 | SH | | DFND | 1 | 2,400 | 0 | 0 |
| MGM GROWTH PPTYS LLC | CL A COM | 55303A105 | 197,531 | 6,125,000 | SH | | DFND | 1 | 4,967,330 | 0 | 1,157,670 |
| MID AMER APT CMNTYS INC | COM | 59522J103 | 238,404 | 2,180,595 | SH | | DFND | 1 | 1,644,195 | 0 | 536,400 |
| MIDDLEBY CORP | COM | 596278101 | 3,121 | 24,000 | SH | | DFND | 1 | 24,000 | 0 | 0 |
| MONDELEZ INTL INC | CL A | 609207105 | 998 | 20,001 | SH | | DFND | 1 | 20,001 | 0 | 0 |
| MOSAIC CO NEW | COM | 61945C103 | 1,080 | 39,546 | SH | | DFND | 1 | 39,546 | 0 | 0 |
| MPLX LP | COM UNIT REP LTD | 55336V100 | 230,029 | 6,993,886 | SH | | DFND | 1 | 5,839,375 | 0 | 1,154,511 |
| MPLX LP | COM UNIT REP LTD | 55336V100 | 28,037 | 852,445 | SH | | DFND | 1 | 804,815 | 42,934 | 4,696 |
| NEXTERA ENERGY INC | COM | 65339F101 | 55,474 | 286,953 | SH | | DFND | 1 | 65,149 | 0 | 221,804 |
| NISOURCE INC | COM | 65473P105 | 122,105 | 4,260,479 | SH | | DFND | 1 | 2,418,445 | 0 | 1,842,034 |
| NUSTAR ENERGY LP | UNIT COM | 67058H102 | 191,361 | 7,116,444 | SH | | DFND | 1 | 6,412,925 | 0 | 703,519 |
| NUSTAR ENERGY LP | UNIT COM | 67058H102 | 14,208 | 528,363 | SH | | DFND | 1 | 498,787 | 26,595 | 2,981 |
| NUTRIEN LTD | COM | 67077M108 | 3,259 | 61,724 | SH | | DFND | 1 | 61,724 | 0 | 0 |
| NUTRIEN LTD | COM | 67077M108 | 11,666 | 221,113 | SH | | DFND | 1 | 40,000 | 0 | 181,113 |
| NUVEEN DIVERSIFIED DIV INCM | COM | 6706EP105 | 728 | 70,300 | SH | | DFND | 1 | 70,300 | 0 | 0 |
| OASIS MIDSTREAM PARTNERS LP | COM UNITS REPS | 67420T206 | 3,281 | 161,446 | SH | | DFND | 1 | 161,446 | 0 | 0 |
| ONEOK INC NEW | COM | 682680103 | 164,124 | 2,349,998 | SH | | DFND | 1 | 2,087,130 | 0 | 262,868 |
| ONEOK INC NEW | COM | 682680103 | 15,152 | 216,951 | SH | | DFND | 1 | 204,838 | 10,901 | 1,212 |
| PARK HOTELS RESORTS INC | COM | 700517105 | 134,167 | 4,316,815 | SH | | DFND | 1 | 3,229,961 | 0 | 1,086,854 |
| PATTERN ENERGY GROUP INC | CL A | 70338P100 | 7,282 | 330,994 | SH | | DFND | 1 | 330,994 | 0 | 0 |
| PEMBINA PIPELINE CORP | COM | 706327103 | 98,107 | 2,667,807 | SH | | DFND | 1 | 2,552,013 | 0 | 115,794 |
| PEMBINA PIPELINE CORP | COM | 706327103 | 156 | 4,246 | SH | | DFND | 1 | 4,246 | 0 | 0 |
| PHILLIPS 66 PARTNERS LP | COM UNIT REP INT | 718549207 | 58,812 | 1,123,445 | SH | | DFND | 1 | 770,343 | 0 | 353,102 |
| PHILLIPS 66 PARTNERS LP | COM UNIT REP INT | 718549207 | 14,702 | 280,850 | SH | | DFND | 1 | 265,160 | 14,125 | 1,565 |
| PHYSICIANS RLTY TR | COM | 71943U104 | 172,676 | 9,180,022 | SH | | DFND | 1 | 6,857,526 | 0 | 2,322,496 |
| PINNACLE WEST CAP CORP | COM | 723484101 | 42,534 | 445,006 | SH | | DFND | 1 | 0 | 0 | 445,006 |
| PLAINS ALL AMERN PIPELINE L | UNIT LTD PARTN | 726503105 | 310,026 | 12,648,946 | SH | | DFND | 1 | 11,170,414 | 0 | 1,478,532 |
| PLAINS ALL AMERN PIPELINE L | UNIT LTD PARTN | 726503105 | 29,108 | 1,187,604 | SH | | DFND | 1 | 1,120,924 | 60,009 | 6,671 |
| PLAINS GP HLDGS L P | LTD PARTNR INT A | 72651A207 | 457 | 18,322 | SH | | DFND | 1 | 18,322 | 0 | 0 |
| POTLATCHDELTIC CORPORATION | COM | 737630103 | 8,671 | 229,444 | SH | | DFND | 1 | 229,444 | 0 | 0 |
| PROLOGIS INC | COM | 74340W103 | 139,921 | 1,944,700 | SH | | DFND | 1 | 1,462,000 | 0 | 482,700 |
| PUBLIC STORAGE | COM | 74460D109 | 229,385 | 1,053,289 | SH | | DFND | 1 | 796,385 | 0 | 256,904 |
| RAYONIER INC | COM | 754907103 | 8,252 | 261,800 | SH | | DFND | 1 | 261,800 | 0 | 0 |
| REGENCY CTRS CORP | COM | 758849103 | 110,063 | 1,630,800 | SH | | DFND | 1 | 1,229,000 | 0 | 401,800 |
| RIO TINTO PLC | SPONSORED ADR | 767204100 | 7,333 | 124,600 | SH | | DFND | 1 | 0 | 0 | 124,600 |
| RLJ LODGING TR | COM | 74965L101 | 125,912 | 7,166,297 | SH | | DFND | 1 | 5,368,442 | 0 | 1,797,855 |
| ROYAL DUTCH SHELL PLC | SPON ADR B | 780259107 | 6,523 | 102,000 | SH | | DFND | 1 | 0 | 0 | 102,000 |
| SEMGROUP CORP | CL A | 81663A105 | 95,985 | 6,511,841 | SH | | DFND | 1 | 5,679,615 | 0 | 832,226 |
| SEMGROUP CORP | CL A | 81663A105 | 9,470 | 642,460 | SH | | DFND | 1 | 605,690 | 33,067 | 3,703 |
| SEMPRA ENERGY | COM | 816851109 | 139,403 | 1,107,601 | SH | | DFND | 1 | 1,063,001 | 0 | 44,600 |
| SHELL MIDSTREAM PARTNERS L P | UNIT LTD INT | 822634101 | 29 | 1,422 | SH | | DFND | 1 | 1,422 | 0 | 0 |
| SIMON PPTY GROUP INC NEW | COM | 828806109 | 194,185 | 1,065,721 | SH | | DFND | 1 | 807,810 | 0 | 257,911 |
| SOCIEDAD QUIMICA MINERA DE C | SPON ADR SER B | 833635105 | 573 | 14,900 | SH | | DFND | 1 | 14,900 | 0 | 0 |
| SPDR S&P 500 ETF TR | TR UNIT | 78462F103 | 1,130 | 4,000 | SH | | DFND | 1 | 4,000 | 0 | 0 |
| SUMMIT MIDSTREAM PARTNERS LP | COM UNIT LTD | 866142102 | 30,229 | 3,106,745 | SH | | DFND | 1 | 3,106,745 | 0 | 0 |
| SUNCOR ENERGY INC NEW | COM | 867224107 | 6,083 | 187,500 | SH | | DFND | 1 | 0 | 0 | 187,500 |
| SYSCO CORP | COM | 871829107 | 519 | 7,771 | SH | | DFND | 1 | 7,771 | 0 | 0 |
| TALLGRASS ENERGY LP | CLASS A SHS | 874696107 | 32,138 | 1,278,362 | SH | | DFND | 1 | 1,278,362 | 0 | 0 |
| TANGER FACTORY OUTLET CTRS I | COM | 875465106 | 627 | 29,900 | SH | | DFND | 1 | 29,900 | 0 | 0 |
| TARGA RES CORP | COM | 87612G101 | 179,119 | 4,310,934 | SH | | DFND | 1 | 3,862,959 | 0 | 447,975 |
| TARGA RES CORP | COM | 87612G101 | 14,919 | 359,054 | SH | | DFND | 1 | 339,069 | 17,964 | 2,021 |
| TC PIPELINES LP | UT COM LTD PRT | 87233Q108 | 104,054 | 2,785,158 | SH | | DFND | 1 | 2,434,545 | 0 | 350,613 |
| TC PIPELINES LP | UT COM LTD PRT | 87233Q108 | 10,388 | 278,064 | SH | | DFND | 1 | 263,019 | 13,492 | 1,553 |
| TEEKAY OFFSHORE PARTNERS L P | PARTNERSHIP UN | Y8565J101 | 210 | 175,207 | SH | | DFND | 1 | 175,207 | 0 | 0 |
| TOLL BROTHERS INC | COM | 889478103 | 1,748 | 48,300 | SH | | DFND | 1 | 48,300 | 0 | 0 |
| TOPBUILD CORP | COM | 89055F103 | 2,074 | 32,000 | SH | | DFND | 1 | 32,000 | 0 | 0 |
| TOTAL S A | SPONSORED ADS | 89151E109 | 5,763 | 103,550 | SH | | DFND | 1 | 0 | 0 | 103,550 |
| TRANSCANADA CORP | COM | 89353D107 | 74,784 | 1,663,261 | SH | | DFND | 1 | 1,448,652 | 0 | 214,609 |
| TRANSCANADA CORP | COM | 89353D107 | 13,495 | 300,287 | SH | | DFND | 1 | 37,096 | 0 | 263,191 |
| TRANSCANADA CORP | COM | 89353D107 | 9,405 | 209,290 | SH | | DFND | 1 | 197,385 | 10,711 | 1,194 |
| TYSON FOODS INC | CL A | 902494103 | 3,534 | 50,900 | SH | | DFND | 1 | 50,900 | 0 | 0 |
| UNION PACIFIC CORP | COM | 907818108 | 2,035 | 12,170 | SH | | DFND | 1 | 12,170 | 0 | 0 |
| UNITI GROUP INC | COM | 91325V108 | 755 | 67,500 | SH | | DFND | 1 | 67,500 | 0 | 0 |
| USA COMPRESSION PARTNERS LP | COMUNIT LTDPAR | 90290N109 | 4,532 | 290,316 | SH | | DFND | 1 | 290,316 | 0 | 0 |
| VENTAS INC | COM | 92276F100 | 240,157 | 3,763,631 | SH | | DFND | 1 | 2,850,493 | 0 | 913,138 |
| VERIZON COMMUNICATIONS INC | COM | 92343V104 | 754 | 12,750 | SH | | DFND | 1 | 12,750 | 0 | 0 |
| VERMILION ENERGY INC | COM | 923725105 | 615 | 24,900 | SH | | DFND | 1 | 24,900 | 0 | 0 |
| VICI PPTYS INC | COM | 925652109 | 726 | 33,200 | SH | | DFND | 1 | 33,200 | 0 | 0 |
| VISTRA ENERGY CORP | COM | 92840M102 | 673 | 25,848 | SH | | DFND | 1 | 25,848 | 0 | 0 |
| W P CAREY INC | COM | 92936U109 | 108,771 | 1,388,621 | SH | | DFND | 1 | 1,024,300 | 0 | 364,321 |
| WELLTOWER INC | COM | 95040Q104 | 172,552 | 2,223,605 | SH | | DFND | 1 | 1,664,697 | 0 | 558,908 |
| WESTERN MIDSTREAM PARTNERS L | COM UNIT LP INT | 958669103 | 100,493 | 3,204,485 | SH | | DFND | 1 | 2,813,836 | 0 | 390,649 |
| WESTERN MIDSTREAM PARTNERS L | COM UNIT LP INT | 958669103 | 9,178 | 292,670 | SH | | DFND | 1 | 276,220 | 14,809 | 1,641 |
| WEYERHAEUSER CO | COM | 962166104 | 15,535 | 589,800 | SH | | DFND | 1 | 336,900 | 0 | 252,900 |
| WILLIAMS COS INC DEL | COM | 969457100 | 426,606 | 14,853,961 | SH | | DFND | 1 | 13,418,104 | 0 | 1,435,857 |
| WILLIAMS COS INC DEL | COM | 969457100 | 25,016 | 871,026 | SH | | DFND | 1 | 821,949 | 44,137 | 4,940 |
| XCEL ENERGY INC | COM | 98389B100 | 53,158 | 945,700 | SH | | DFND | 1 | 95,770 | 0 | 849,930 |
| ALTABA INC | COMMON | 021346101 | 31,159 | 420,382 | SH | | DFND | 3 | 420,382 | 0 | 0 |
| AMERICAN AXLE & MFG HLDGS INC | COMMON | 024061103 | 1,860 | 130,000 | SH | | DFND | 3 | 130,000 | 0 | 0 |
| CHAPARRAL ENERGY INC | COMMON CL A | 15942R208 | 1,049 | 183,990 | SH | | DFND | 3 | 183,990 | 0 | 0 |
| ENERGY FUELS INC | COMMON | 292671708 | 1,499 | 450,000 | SH | | DFND | 3 | 450,000 | 0 | 0 |
| FALCON MINERALS CORP | COMMON CL A | 30607B109 | 5,739 | 649,241 | SH | | DFND | 3 | 649,241 | 0 | 0 |
| FAR PT ACQUISITION CORP | COMMON CL A | 30734W109 | 5,473 | 550,000 | SH | | DFND | 3 | 550,000 | 0 | 0 |
| ISHARES INC | MSCI BRAZIL ETF | 464286400 | 6,149 | 150,000 | SH | Put | DFND | 3 | 150,000 | 0 | 0 |
| ISHRES TR | 20 YR TR BD ETF | 464287432 | 19,598 | 155,000 | SH | Put | DFND | 3 | 155,000 | 0 | 0 |
| KRATON CORP | COMMON | 50077C106 | 14,057 | 436,809 | SH | | DFND | 3 | 436,809 | 0 | 0 |
| NOBLE CORP PLC | SHS USD | G65431101 | 861 | 300,000 | SH | | DFND | 3 | 300,000 | 0 | 0 |
| OI S A | SPONSORED ADR | 670851500 | 73,011 | 38,835,443 | SH | | DFND | 3 | 0 | 38,835,443 | 0 |
| SPDR S&P 500 ETF TR | TR UNIT | 78462F103 | 548,717 | 1,942,500 | SH | Put | DFND | 3 | 1,942,500 | 0 | 0 |
| TIDEWATER INC | COMMON | 88642R109 | 1,773 | 76,445 | SH | | DFND | 3 | 76,445 | 0 | 0 |
| TRANSOCEAN LTD | COMMON | H8817H100 | 6,181 | 709,633 | SH | | DFND | 3 | 709,633 | 0 | 0 |
| VANECK VECTORS ETF TR | GOLD MINERS ETF | 92189F106 | 4,932 | 220,000 | SH | | DFND | 3 | 220,000 | 0 | 0 |
| WILLSCOT CORP | COMMON | 971375126 | 9,437 | 850,956 | SH | | DFND | 3 | 850,956 | 0 | 0 |
| Cincinnati Bell Inc | Common Stock | 171871502 | 22,792 | 2,389,118 | SH | | DFND | 4 | 0 | 0 | 0 |
| Enbridge Inc. | Common Stock | 29250N105 | 22,143 | 610,686 | SH | | DFND | 4 | 0 | 0 | 0 |
| Macquarie Infrastructure Corporation | Common Stock | 55608B105 | 66,871 | 1,622,288 | SH | | DFND | 4 | 0 | 0 | 0 |
| Pattern Energy Group, Inc. | Class A Shares | 70338P100 | 28,999 | 1,318,169 | SH | | DFND | 4 | 0 | 0 | 0 |
| Terraform Power Inc. | Common Stock | 88104R209 | 1,877,573 | 136,650,152 | SH | | DFND | 4 | 0 | 0 | 0 |
| Transalta Corporation | Common Stock | 89346D107 | 103,039 | 14,007,164 | SH | | DFND | 4 | 0 | 0 | 0 |
| Vistra Energy Corp | COM | 92840M102 | 1,113,061 | 42,760,702 | SH | | DFND | 4 | 0 | 0 | 0 |
| GrafTech International Ltd | COM | 384313508 | 2,934,539 | 229,440,087 | SH | | DFND | 5 | 0 | 0 | 0 |
| Teekay Offshore Partners LP | PARTNERSHIP UN | Y8565J101 | 255,804 | 213,170,090 | SH | | DFND | 5 | 0 | 0 | 0 |
| Brookfield Business Partners LP | LP Units | G16234109 | 980,713 | 24,784,250 | SH | | SOLE | | 0 | 0 | 0 |
| Brookfield Infrastructure Partners LP | LP Units | G16252101 | 10,453 | 249,645 | SH | | SOLE | | 0 | 0 | 0 |
| Brookfield Property Partners LP | LP Units | G16249107 | 1,681,060 | 81,723,887 | SH | | SOLE | | 0 | 0 | 0 |
| Brookfield Property REIT Inc | Class A | 11282X103 | 62,214 | 3,036,315 | SH | | SOLE | | 0 | 0 | 0 |
| Brookfield Renewable Partners LP | LP Units | G16258108 | 1,791,403 | 56,068,944 | SH | | SOLE | | 0 | 0 | 0 |
| Norbord Inc. | COM | 65548P403 | 958,397 | 34,787,535 | SH | | DFND | | 0 | 0 | 0 |
| Oaktree Capital Group LLC | Class A | 674001201 | 12,860 | 259,013 | SH | | DFND | | 259,013 | 0 | 0 |
| Oi SA ADR | Class A | 670851500 | 75,569 | 40,196,306 | SH | | DFND | | 0 | 67,001,316 | 0 |
| Teekay Offshore Partners LP | PARTNERSHIP UN | Y8565J101 | 36,996 | 30,829,909 | SH | | DFND | | 0 | 0 | 0 |
| Vistra Energy Corp | COM | 92840M102 | 614,565 | 23,609,866 | SH | | DFND | | 0 | 0 | 0 |
