The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete. | |||||||||||||||||||||
| UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 13F FORM 13F INFORMATION TABLE |
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| 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 |
| Agree Realty Corp | COM | 008492100 | 24,165,266 | 343,013 | SH | DFND | 1 | 243,296 | 0 | 99,717 | |
| Alerian MLP ETF | ALERIAN MLP | 00162Q452 | 287,537 | 5,970 | SH | SOLE | 1 | 5,970 | 0 | 0 | |
| American Electric Power Co Inc | COM | 025537101 | 4,202,737 | 45,568 | SH | DFND | 1 | 45,568 | 0 | 0 | |
| American Healthcare REIT Inc | COM SHS | 398182303 | 13,746,981 | 483,708 | SH | DFND | 1 | 334,758 | 0 | 148,950 | |
| American Homes 4 Rent | COM | 02665T306 | 16,923,532 | 452,259 | SH | DFND | 1 | 322,463 | 0 | 129,796 | |
| American Tower Corp | COM | 03027X100 | 58,527,965 | 319,110 | SH | DFND | 1 | 313,273 | 0 | 5,837 | |
| American Water Works Co Inc | COM | 030420103 | 2,748,490 | 22,078 | SH | DFND | 1 | 22,078 | 0 | 0 | |
| AvalonBay Communities Inc | COM | 053484101 | 31,036,447 | 141,094 | SH | DFND | 1 | 101,983 | 0 | 39,111 | |
| Bloom Energy Corp | COM CL A | 093712107 | 1,193,854 | 53,753 | SH | DFND | 1 | 53,753 | 0 | 0 | |
| Brixmor Property Group Inc | COM | 11120U105 | 34,462,050 | 1,237,861 | SH | DFND | 1 | 873,747 | 0 | 364,114 | |
| Brookfield Real Assets Income Fund Inc | SHS BEN INT | 112830104 | 1,339,747 | 100,582 | SH | DFND | 1 | 0 | 0 | 100,582 | |
| BXP Inc | COM | 101121101 | 16,724,977 | 224,919 | SH | DFND | 1 | 161,678 | 0 | 63,241 | |
| CareTrust REIT Inc | COM | 14174T107 | 34,732 | 1,284 | SH | DFND | 1 | 1,284 | 0 | 0 | |
| Carrier Global Corp | COM | 14448C104 | 3,748,907 | 54,921 | SH | DFND | 1 | 54,921 | 0 | 0 | |
| CenterPoint Energy Inc | COM | 15189T107 | 164,349,945 | 5,179,639 | SH | DFND | 1 | 3,953,653 | 0 | 1,225,986 | |
| Cheniere Energy Inc | COMMON | 16411R208 | 417,635,798 | 1,943,667 | SH | DFND | 1 | 1,637,692 | 8,503 | 297,472 | |
| Clearway Energy Inc | CL C | 18539C204 | 4,288,310 | 164,935 | SH | DFND | 1 | 164,935 | 0 | 0 | |
| CMS Energy Corp | COM | 125896100 | 75,102,286 | 1,126,816 | SH | DFND | 1 | 1,062,086 | 0 | 64,730 | |
| Crown Castle Inc | COM | 22822V101 | 3,812,465 | 42,006 | SH | DFND | 1 | 42,006 | 0 | 0 | |
| CSX Corp | COM | 126408103 | 43,173,807 | 1,337,893 | SH | DFND | 1 | 1,189,719 | 0 | 148,174 | |
| Digital Realty Trust Inc | COM | 253868103 | 25,850,635 | 145,777 | SH | DFND | 1 | 105,206 | 0 | 40,571 | |
| DT Midstream Inc | COMMON | 23345M107 | 96,282,670 | 968,346 | SH | DFND | 1 | 951,461 | 10,193 | 6,692 | |
| Duke Energy Corp | COM NEW | 26441C204 | 84,672,974 | 785,901 | SH | DFND | 1 | 723,533 | 0 | 62,368 | |
| EastGroup Properties Inc | COM | 277276101 | 598,949 | 3,732 | SH | DFND | 1 | 3,732 | 0 | 0 | |
| Enbridge Inc | COM | 29250N105 | 3,496,305 | 82,402 | SH | DFND | 1 | 82,402 | 0 | 0 | |
| Energy Transfer LP | COM UT | 29273V100 | 269,370,064 | 13,750,386 | SH | DFND | 1 | 13,548,801 | 101,242 | 100,343 | |
| EnLink Midstream LLC | COM UNIT | 29336T100 | 43,794,160 | 3,094,994 | SH | DFND | 1 | 3,054,203 | 40,398 | 393 | |
| Entergy Corp | COM | 29364G103 | 215,803,585 | 2,846,262 | SH | DFND | 1 | 2,150,080 | 0 | 696,182 | |
| Enterprise Products Partners LP | COM | 293792107 | 143,322,220 | 4,570,224 | SH | DFND | 1 | 4,510,907 | 58,721 | 596 | |
| EPR Properties | CONV PFD 9% SR E | 26884U307 | 2,154,928 | 79,138 | SH | DFND | 1 | 79,138 | 0 | 0 | |
| EQT Corp | COM | 26884L109 | 312,119 | 6,769 | SH | SOLE | 1 | 6,769 | 0 | 0 | |
| Equinix Inc | COM | 29444U700 | 67,185,627 | 71,255 | SH | DFND | 1 | 50,799 | 0 | 20,456 | |
| Essential Properties Realty Trust Inc | COM | 29670E107 | 18,506,374 | 591,636 | SH | DFND | 1 | 416,642 | 0 | 174,994 | |
| Extra Space Storage Inc | COM | 30225T102 | 29,711,607 | 198,607 | SH | DFND | 1 | 142,657 | 0 | 55,950 | |
| First Solar Inc | COM | 336433107 | 2,980,218 | 16,910 | SH | DFND | 1 | 16,910 | 0 | 0 | |
| First Trust North American Energy | NO AMER ENERGY | 33738D101 | 2,477 | 69 | SH | SOLE | 1 | 69 | 0 | 0 | |
| GDS Holdings Ltd | SPONSORED ADS | 36165L108 | 3,868,865 | 162,831 | SH | DFND | 1 | 103,122 | 0 | 59,709 | |
| GE Vernova Inc | COM | 36828A101 | 3,463,304 | 10,529 | SH | DFND | 1 | 10,529 | 0 | 0 | |
| Getty Realty Corp | COM | 374297109 | 14,987,958 | 497,443 | SH | DFND | 1 | 346,806 | 0 | 150,637 | |
| Golar LNG Ltd | SHS | G9456A100 | 36,486,298 | 862,153 | SH | DFND | 1 | 851,526 | 10,527 | 100 | |
| Healthpeak Properties Inc | COM | 42250P103 | 25,917,607 | 1,278,619 | SH | DFND | 1 | 911,700 | 0 | 366,919 | |
| Hess Midstream LP | CL A SHS | 428103105 | 47,050,767 | 1,270,612 | SH | DFND | 1 | 1,247,803 | 22,589 | 220 | |
| Host Hotels & Resorts Inc | COM | 44107P104 | 16,299,609 | 930,343 | SH | DFND | 1 | 640,839 | 0 | 289,504 | |
| Iron Mountain Inc | COM | 46284V101 | 1,169,244 | 11,124 | SH | DFND | 1 | 11,124 | 0 | 0 | |
| Itron Inc | COM | 465741106 | 3,007,666 | 27,700 | SH | DFND | 1 | 27,700 | 0 | 0 | |
| Kilroy Realty Corp | COM | 49427F108 | 8,126,324 | 200,898 | SH | DFND | 1 | 145,876 | 0 | 55,022 | |
| Kinder Morgan Inc | COM | 49456B101 | 70,900,376 | 2,587,605 | SH | DFND | 1 | 2,541,719 | 45,452 | 434 | |
| Kinetik Holdings Inc | COM NEW CL A | 02215L209 | 691,011 | 12,185 | SH | DFND | 1 | 12,185 | 0 | 0 | |
| Lexington Realty Trust | PFD CONV SER C | 529043309 | 1,981,200 | 40,640 | SH | DFND | 1 | 40,640 | 0 | 0 | |
| Mid-America Apartment Communities Inc | COM | 59522J103 | 7,307,451 | 47,276 | SH | DFND | 1 | 34,936 | 0 | 12,340 | |
| MPLX LP | COM UNIT REP LTD | 55336V100 | 202,046,513 | 4,221,615 | SH | DFND | 1 | 4,167,214 | 38,976 | 15,425 | |
| NETSTREIT Corp | COM | 64119V303 | 5,677,419 | 401,231 | SH | DFND | 1 | 277,721 | 0 | 123,510 | |
| NexPoint Residential Trust Inc | COM | 65341D102 | 3,862,835 | 92,523 | SH | DFND | 1 | 64,196 | 0 | 28,327 | |
| NextEra Energy Inc | COM | 65339F101 | 40,194,146 | 560,666 | SH | DFND | 1 | 507,537 | 0 | 53,129 | |
| NiSource Inc | COM | 65473P105 | 92,427,984 | 2,514,363 | SH | DFND | 1 | 2,368,902 | 0 | 145,461 | |
| ONEOK Inc | COM | 682680103 | 58,478,640 | 582,457 | SH | DFND | 1 | 571,927 | 10,427 | 103 | |
| Pembina Pipeline Corp | COM | 706327103 | 550,333 | 14,894 | SH | DFND | 1 | 14,894 | 0 | 0 | |
| PG&E Corp | COM | 69331C108 | 296,493,520 | 14,692,444 | SH | DFND | 1 | 11,712,745 | 0 | 2,979,699 | |
| Piedmont Office Realty Trust Inc | COM CL A | 720190206 | 9,454,073 | 1,033,232 | SH | DFND | 1 | 721,580 | 0 | 311,652 | |
| Plains All American Pipeline LP | UNIT LTD PARTN | 726503105 | 64,803,201 | 3,794,098 | SH | DFND | 1 | 3,736,543 | 56,986 | 569 | |
| Plains GP Holdings LP | LTD PARTNR INT A | 72651A207 | 1,254,325 | 68,244 | SH | DFND | 1 | 68,244 | 0 | 0 | |
| PPL Corp | COM | 69351T106 | 23,452,804 | 722,514 | SH | DFND | 1 | 642,499 | 0 | 80,015 | |
| Prologis Inc | COM | 74340W103 | 43,246,204 | 409,141 | SH | DFND | 1 | 299,630 | 0 | 109,511 | |
| Public Service Enterprise Group Inc | COM | 744573106 | 36,522,492 | 432,270 | SH | DFND | 1 | 394,486 | 0 | 37,784 | |
| Public Storage | COM | 74460D109 | 10,366,313 | 34,619 | SH | DFND | 1 | 24,833 | 0 | 9,786 | |
| Realty Income Corp | COM | 756109104 | 3,279,908 | 61,410 | SH | DFND | 1 | 61,410 | 0 | 0 | |
| Regency Centers Corp | COM | 758849103 | 24,100,071 | 325,985 | SH | DFND | 1 | 230,533 | 0 | 95,452 | |
| Republic Services Inc | COM | 760759100 | 4,250,531 | 21,128 | SH | DFND | 1 | 21,128 | 0 | 0 | |
| Rexford Industrial Realty Inc | COM | 76169C100 | 17,804,902 | 460,551 | SH | DFND | 1 | 327,873 | 0 | 132,678 | |
| RLJ Lodging Trust | CUM CONV PFD A | 74965L200 | 1,120,673 | 45,630 | SH | DFND | 1 | 45,630 | 0 | 0 | |
| SBA Communications Corp | CL A | 78410G104 | 202,015,731 | 991,245 | SH | DFND | 1 | 786,346 | 0 | 204,899 | |
| Sempra | COM | 816851109 | 138,484,529 | 1,578,711 | SH | DFND | 1 | 1,492,460 | 0 | 86,251 | |
| Simon Property Group Inc | COM | 828806109 | 31,208,241 | 181,222 | SH | DFND | 1 | 129,185 | 0 | 52,037 | |
| South Bow Corp | COM | 83671M105 | 2,733,303 | 115,965 | SH | SOLE | 1 | 103,326 | 12,513 | 126 | |
| STAG Industrial Inc | COM | 85254J102 | 529,520 | 15,657 | SH | DFND | 1 | 15,657 | 0 | 0 | |
| Sun Communities Inc | COM | 866674104 | 8,420,248 | 68,474 | SH | DFND | 1 | 47,324 | 0 | 21,150 | |
| Targa Resources Corp | COM | 87612G101 | 219,909,862 | 1,231,988 | SH | DFND | 1 | 1,192,382 | 8,038 | 31,568 | |
| TC Energy Corp | COM | 87807B107 | 87,949,530 | 1,890,168 | SH | DFND | 1 | 1,853,182 | 36,629 | 357 | |
| The Williams Companies Inc | COM | 969457100 | 17,514,963 | 323,632 | SH | SOLE | 1 | 290,197 | 33,063 | 372 | |
| Trane Technologies plc | SHS | G8994E103 | 2,738,730 | 7,415 | SH | DFND | 1 | 7,415 | 0 | 0 | |
| UMH Properties Inc | COM | 903002103 | 12,584,162 | 666,534 | SH | DFND | 1 | 461,606 | 0 | 204,928 | |
| Union Pacific Corp | COM | 907818108 | 146,201,917 | 641,124 | SH | DFND | 1 | 446,963 | 0 | 194,161 | |
| Ventas Inc | COM | 92276F100 | 17,549,043 | 297,997 | SH | DFND | 1 | 212,462 | 0 | 85,535 | |
| Veris Residential Inc | COM | 554489104 | 4,126,136 | 248,114 | SH | DFND | 1 | 170,414 | 0 | 77,700 | |
| Waste Management Inc | COM | 94106L109 | 3,247,205 | 16,092 | SH | DFND | 1 | 16,092 | 0 | 0 | |
| Welltower Inc | COM | 95040Q104 | 33,649,632 | 266,997 | SH | DFND | 1 | 191,930 | 0 | 75,067 | |
| Western Midstream Partners LP | COM UNIT LP INT | 958669103 | 64,708,062 | 1,683,790 | SH | DFND | 1 | 1,660,265 | 23,282 | 243 | |
| Williams Cos Inc/The | COM | 969457100 | 244,401,266 | 4,515,914 | SH | DFND | 1 | 4,403,203 | 0 | 112,711 | |
| Xcel Energy Inc | COM | 98389B100 | 189,222,572 | 2,802,467 | SH | DFND | 1 | 2,194,342 | 0 | 608,125 | |
| Xenia Hotels & Resorts Inc | COM | 984017103 | 6,218,271 | 418,457 | SH | DFND | 1 | 295,301 | 0 | 123,156 | |
| Xylem Inc/NY | COM | 98419M100 | 1,501,879 | 12,945 | SH | DFND | 1 | 12,945 | 0 | 0 | |
| TRANSALTA CORP | COMMON STOCK | 89346D107 | 502,655,332 | 35,523,345 | SH | DFND | 7 | 0 | 0 | 0 | |
| ALIBABA GROUP HOLDING LTD | Depositary Receipt | 01609W102 | 115,912,763 | 1,367,057 | SH | DFND | 6 | 0 | 0 | 0 | |
| BROOKFIELD BUSINESS CORP | COMMON STOCK | 11259V106 | 250,308,542 | 10,317,747 | SH | DFND | 6 | 0 | 0 | 0 | |
| BROOKFIELD BUSINESS PARTNERS L | Partnership Shares | G16234109 | 590,839,081 | 25,227,971 | SH | DFND | 6 | 0 | 0 | 0 | |
| BROOKFIELD CORP | COMMON STOCK | 11271J107 | 1,778,982,223 | 30,965,748 | SH | DFND | 6 | 0 | 0 | 0 | |
| BROOKFIELD INFRASTRUCTURE PART | Partnership Shares | G16252101 | 104,502,218 | 3,287,267 | SH | DFND | 6 | 0 | 0 | 0 | |
| BROOKFIELD RENEWABLE CORP | COMMON STOCK | 11285B108 | 279,204,244 | 10,094,152 | SH | DFND | 6 | 0 | 0 | 0 | |
| BROOKFIELD RENEWABLE PARTNERS | Partnership Shares | G16258108 | 117,329,073 | 5,148,270 | SH | DFND | 6 | 0 | 0 | 0 | |
| LAMB WESTON HOLDINGS INC | COMMON STOCK | 513272104 | 34,684,770 | 519,000 | SH | DFND | 6 | 0 | 0 | 0 | |
| NIKE INC | COMMON STOCK | 654106103 | 36,593,861 | 483,598 | SH | DFND | 6 | 0 | 0 | 0 | |
| CHENIERE ENERGY PARTNERS LP | Partnership Shares | 16411Q101 | 5,398,074,373 | 101,620,376 | SH | DFND | 4 | 0 | 0 | 0 | |
| NEXTERA ENERGY PARTNERS LP | Partnership Shares | 65341B106 | 38,809,696 | 2,180,320 | SH | DFND | 4 | 0 | 0 | 0 | |
| SOUTH BOW CORP | COMMON STOCK | 83671M105 | 17,585,035 | 746,077 | SH | DFND | 4 | 0 | 0 | 0 | |
| CIVITAS RESOURCES INC | COMMON STOCK | 17888H103 | 1,012,810 | 22,080 | SH | DFND | 2 | 0 | 0 | 0 | |
| METLIFE INC | COMMON STOCK | 59156R108 | 338,410 | 4,133 | SH | DFND | 2 | 0 | 0 | 0 | |
| PAR PACIFIC HOLDINGS INC | COMMON STOCK | 69888T207 | 1,000,921 | 61,069 | SH | DFND | 2 | 0 | 0 | 0 | |
| PINSTRIPES HOLDINGS INC | COMMON STOCK | 06690B107 | 1,090,173 | 2,759,932 | SH | DFND | 2 | 0 | 0 | 0 | |
| REGENCY CENTERS CORP | REIT | 758849103 | 49,903 | 675 | SH | DFND | 2 | 0 | 0 | 0 | |
| BROOKFIELD BUSINESS CORP | COMMON STOCK | 11259V106 | 895,852,150 | 36,927,129 | SH | SOLE | 0 | 0 | 0 | ||
| BROOKFIELD BUSINESS PARTNERS L | Partnership Shares | G16234109 | 8,771,563 | 374,533 | SH | SOLE | 0 | 0 | 0 | ||
| BROOKFIELD INFRASTRUCTURE PART | Partnership Shares | G16252101 | 71,245,647 | 1,240,349 | SH | SOLE | 0 | 0 | 0 | ||
| BROOKFIELD RENEWABLE PARTNERS | Partnership Shares | G16258108 | 1,576,857,853 | 69,190,779 | SH | SOLE | 0 | 0 | 0 | ||
| BROOKFIELD WEALTH SOLUTIONS | COMMON STOCK | G17434104 | 71,245,647 | 1,240,349 | SH | SOLE | 0 | 0 | 0 | ||
