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 | 8,769,247 | 113,606 | SH | DFND | 1 | 83,904 | 0 | 29,702 | |
| Kinetik Holdings Inc | COM NEW CL A | 02215L209 | 172,545 | 3,322 | SH | DFND | 1 | 3,322 | 0 | 0 | |
| American Electric Power Co Inc | COM | 025537101 | 4,096,532 | 37,490 | SH | DFND | 1 | 37,490 | 0 | 0 | |
| American Tower Corp | COM | 03027X100 | 104,134,438 | 478,559 | SH | DFND | 1 | 445,446 | 0 | 33,113 | |
| American Water Works Co Inc | COM | 030420103 | 84,245,722 | 571,080 | SH | DFND | 1 | 540,198 | 0 | 30,882 | |
| AvalonBay Communities Inc | COM | 053484101 | 31,970,010 | 148,961 | SH | DFND | 1 | 105,910 | 0 | 43,051 | |
| Bloom Energy Corp | COM CL A | 093712107 | 975,116 | 49,599 | SH | DFND | 1 | 49,599 | 0 | 0 | |
| BXP Inc | COM | 101121101 | 22,219,061 | 330,690 | SH | DFND | 1 | 227,376 | 0 | 103,314 | |
| Brixmor Property Group Inc | COM | 11120U105 | 30,411,751 | 1,145,452 | SH | DFND | 1 | 781,338 | 0 | 364,114 | |
| Brookfield Real Assets Income Fund Inc | SHS BEN INT | 112830104 | 1,323,654 | 100,582 | SH | DFND | 1 | 0 | 0 | 100,582 | |
| CMS Energy Corp | COM | 125896100 | 80,633,439 | 1,073,538 | SH | DFND | 1 | 996,203 | 0 | 77,335 | |
| CSX Corp | COM | 126408103 | 22,528,989 | 765,511 | SH | DFND | 1 | 656,677 | 0 | 108,834 | |
| Camden Property Trust | SH BEN INT | 133131102 | 19,087,116 | 156,068 | SH | DFND | 1 | 113,629 | 0 | 42,439 | |
| Carrier Global Corp | COM | 14448C104 | 3,382,770 | 53,356 | SH | DFND | 1 | 53,356 | 0 | 0 | |
| CenterPoint Energy Inc | COM | 15189T107 | 177,892,923 | 4,910,100 | SH | DFND | 1 | 3,818,827 | 0 | 1,091,273 | |
| Cheniere Energy Inc | COM NEW | 16411R208 | 383,685,877 | 1,658,107 | SH | DFND | 1 | 1,398,454 | 7,754 | 251,898 | |
| Clearway Energy Inc | CL C | 18539C204 | 4,925,958 | 162,734 | SH | DFND | 1 | 162,734 | 0 | 0 | |
| Crown Castle Inc | COM | 22822V101 | 88,415,912 | 848,277 | SH | DFND | 1 | 804,684 | 0 | 43,593 | |
| CubeSmart | COM | 229663109 | 9,188,459 | 215,136 | SH | DFND | 1 | 155,166 | 0 | 59,970 | |
| Curbline Properties Corp | COM | 23128Q101 | 7,661,626 | 316,727 | SH | DFND | 1 | 211,499 | 0 | 105,228 | |
| DT Midstream Inc | COMMON STOCK | 23345M107 | 33,251,069 | 344,642 | SH | DFND | 1 | 283,462 | 6,717 | 57 | |
| Digital Realty Trust Inc | COM | 253868103 | 17,817,825 | 124,348 | SH | DFND | 1 | 91,001 | 0 | 33,347 | |
| Duke Energy Corp | COM NEW | 26441C204 | 88,797,575 | 728,028 | SH | DFND | 1 | 656,436 | 0 | 71,592 | |
| EQT CORP | COM | 26884L109 | 361,668 | 6,769 | SH | SOLE | 1 | 6,769 | 0 | 0 | |
| EPR Properties | CONV PFD 9% SR E | 26884U307 | 1,607,156 | 53,554 | SH | DFND | 1 | 53,554 | 0 | 0 | |
| EastGroup Properties Inc | COM | 277276101 | 19,275,918 | 109,429 | SH | DFND | 1 | 75,388 | 0 | 34,041 | |
| Enbridge Inc | COM | 29250N105 | 59,823,589 | 1,350,115 | SH | DFND | 1 | 1,322,464 | 27,411 | 240 | |
| Energy Transfer LP | COM UT LTD PTN | 29273V100 | 271,897,710 | 14,626,020 | SH | DFND | 1 | 14,398,219 | 111,818 | 115,983 | |
| Entergy Corp | COM | 29364G103 | 161,199,004 | 1,885,589 | SH | DFND | 1 | 1,339,163 | 0 | 546,426 | |
| Enterprise Products Partners LP | COM | 293792107 | 160,415,973 | 4,698,769 | SH | DFND | 1 | 4,635,469 | 62,754 | 546 | |
| Equinix Inc | COM | 29444U700 | 59,681,174 | 73,197 | SH | DFND | 1 | 51,042 | 0 | 22,155 | |
| Essential Properties Realty Trust Inc | COM | 29670E107 | 26,208,157 | 802,946 | SH | DFND | 1 | 557,714 | 0 | 245,232 | |
| Extra Space Storage Inc | COM | 30225T102 | 28,381,785 | 191,136 | SH | DFND | 1 | 135,836 | 0 | 55,300 | |
| First Solar Inc | COM | 336433107 | 2,258,419 | 17,863 | SH | DFND | 1 | 17,863 | 0 | 0 | |
| GE Vernova Inc | COM | 36828A101 | 3,224,978 | 10,564 | SH | DFND | 1 | 10,564 | 0 | 0 | |
| Getty Realty Corp | COM | 374297109 | 10,887,713 | 349,189 | SH | DFND | 1 | 238,583 | 0 | 110,606 | |
| American Healthcare REIT Inc | COM SHS | 398182303 | 25,668,100 | 847,132 | SH | DFND | 1 | 572,879 | 0 | 274,253 | |
| Healthpeak Properties Inc | COM | 42250P103 | 16,720,080 | 826,908 | SH | DFND | 1 | 580,021 | 0 | 246,887 | |
| Hess Midstream LP | CL A SHS | 428103105 | 36,446,480 | 861,823 | SH | DFND | 1 | 842,276 | 19,377 | 170 | |
| Highwoods Properties Inc | COM | 431284108 | 1,300,989 | 43,893 | SH | DFND | 1 | 43,893 | 0 | 0 | |
| Iron Mountain Inc | COM | 46284V101 | 1,206,453 | 14,022 | SH | DFND | 1 | 14,022 | 0 | 0 | |
| Itron Inc | COM | 465741106 | 2,819,092 | 26,910 | SH | DFND | 1 | 26,910 | 0 | 0 | |
| Kimco Realty Corp | DP CV CL N 7.25% | 49446R687 | 761,138 | 12,654 | SH | DFND | 1 | 12,654 | 0 | 0 | |
| Kinder Morgan Inc | COM | 49456B101 | 59,260,136 | 2,077,117 | SH | DFND | 1 | 2,045,989 | 30,863 | 265 | |
| Lexington Realty Trust | PFD CONV SER C | 529043309 | 1,234,985 | 27,083 | SH | DFND | 1 | 27,083 | 0 | 0 | |
| MPLX LP | COM UNIT REP LTD | 55336V100 | 206,937,514 | 3,866,545 | SH | DFND | 1 | 3,811,699 | 39,472 | 15,374 | |
| NNN REIT Inc | COM | 637417106 | 16,610,298 | 389,456 | SH | DFND | 1 | 271,471 | 0 | 117,985 | |
| NexPoint Residential Trust Inc | COM | 65341D102 | 7,668,108 | 193,982 | SH | DFND | 1 | 129,767 | 0 | 64,215 | |
| NiSource Inc | COM | 65473P105 | 74,062,547 | 1,847,407 | SH | DFND | 1 | 1,725,851 | 0 | 121,556 | |
| ONEOK Inc | COM | 682680103 | 127,021,935 | 1,280,205 | SH | DFND | 1 | 1,260,338 | 19,699 | 168 | |
| PG&E Corp | COM | 69331C108 | 194,256,047 | 11,307,104 | SH | DFND | 1 | 9,388,173 | 0 | 1,918,931 | |
| TXNM Energy Inc | COM | 69349H107 | 94,216,144 | 1,761,708 | SH | DFND | 1 | 1,212,797 | 0 | 548,911 | |
| PPL Corp | COM | 69351T106 | 36,045,255 | 998,207 | SH | DFND | 1 | 858,729 | 0 | 139,478 | |
| Pembina Pipeline Corp | COM | 706327103 | 182,177 | 4,551 | SH | DFND | 1 | 4,551 | 0 | 0 | |
| Plains All American Pipeline LP | UNIT LTD PARTN | 726503105 | 113,967,186 | 5,698,359 | SH | DFND | 1 | 5,606,773 | 90,810 | 776 | |
| Plains GP Holdings LP | LTD PARTNR INT A | 72651A207 | 521,483 | 24,414 | SH | DFND | 1 | 24,414 | 0 | 0 | |
| Plymouth Industrial REIT Inc | COM | 729640102 | 3,894,103 | 238,902 | SH | DFND | 1 | 163,930 | 0 | 74,972 | |
| Prologis Inc | COM | 74340W103 | 30,050,158 | 268,809 | SH | DFND | 1 | 192,320 | 0 | 76,489 | |
| Public Service Enterprise Group Inc | COM | 744573106 | 6,660,621 | 80,931 | SH | DFND | 1 | 80,931 | 0 | 0 | |
| RLJ Lodging Trust | CUM CONV PFD A | 74965L200 | 742,468 | 30,429 | SH | DFND | 1 | 30,429 | 0 | 0 | |
| Regency Centers Corp | COM | 758849103 | 13,691,331 | 185,620 | SH | DFND | 1 | 128,476 | 0 | 57,144 | |
| Republic Services Inc | COM | 760759100 | 4,970,576 | 20,526 | SH | DFND | 1 | 20,526 | 0 | 0 | |
| Rexford Industrial Realty Inc | COM | 76169C100 | 13,619,854 | 347,889 | SH | DFND | 1 | 242,463 | 0 | 105,426 | |
| SBA Communications Corp | CL A | 78410G104 | 221,978,429 | 1,008,947 | SH | DFND | 1 | 794,556 | 0 | 214,391 | |
| Simon Property Group Inc | COM | 828806109 | 27,512,315 | 165,657 | SH | DFND | 1 | 115,311 | 0 | 50,346 | |
| STAG Industrial Inc | COM | 85254J102 | 505,788 | 14,003 | SH | DFND | 1 | 14,003 | 0 | 0 | |
| Sun Communities Inc | COM | 866674104 | 7,642,502 | 59,410 | SH | DFND | 1 | 39,986 | 0 | 19,424 | |
| Targa Resources Corp | COM | 87612G101 | 234,651,717 | 1,170,508 | SH | DFND | 1 | 1,132,502 | 9,811 | 28,195 | |
| Union Pacific Corp | COM | 907818108 | 174,561,988 | 738,918 | SH | DFND | 1 | 505,156 | 0 | 233,762 | |
| VICI Properties Inc | COM | 925652109 | 3,003,650 | 92,080 | SH | DFND | 1 | 92,080 | 0 | 0 | |
| Waste Management Inc | COM | 94106L109 | 4,661,454 | 20,135 | SH | DFND | 1 | 20,135 | 0 | 0 | |
| Welltower Inc | COM | 95040Q104 | 56,889,478 | 371,317 | SH | DFND | 1 | 257,012 | 0 | 114,305 | |
| Western Midstream Partners LP | COM UNIT LP INT | 958669103 | 31,099,590 | 759,267 | SH | DFND | 1 | 748,507 | 10,668 | 93 | |
| Williams Cos Inc/The | COM | 969457100 | 247,612,935 | 4,143,456 | SH | DFND | 1 | 4,002,126 | 33,310 | 108,020 | |
| Xcel Energy Inc | COM | 98389B100 | 207,315,382 | 2,928,597 | SH | DFND | 1 | 2,207,197 | 0 | 721,400 | |
| Xylem Inc/NY | COM | 98419M100 | 1,956,158 | 16,375 | SH | DFND | 1 | 16,375 | 0 | 0 | |
| Trane Technologies plc | SHS | G8994E103 | 2,771,841 | 8,227 | SH | DFND | 1 | 8,227 | 0 | 0 | |
| Golar LNG Ltd | SHS | G9456A100 | 25,809,945 | 679,388 | SH | DFND | 1 | 668,224 | 11,069 | 95 | |
| TRANSALTA CORP | COMMON STOCK | 89346D107 | 251,799,605 | 26,930,439 | SH | DFND | 7 | 0 | 0 | 0 | |
| BROOKFIELD BUSINESS CORP | COMMON STOCK | 11259V106 | 274,658,425 | 10,317,747 | SH | DFND | 6 | 0 | 0 | 0 | |
| BROOKFIELD BUSINESS PARTNERS L | Partnership Shares | G16234109 | 1,027,019,540 | 43,777,474 | SH | DFND | 6 | 0 | 0 | 0 | |
| BROOKFIELD CORP | COMMON STOCK | 11271J107 | 1,622,914,853 | 30,965,748 | SH | DFND | 6 | 0 | 0 | 0 | |
| BROOKFIELD INFRASTRUCTURE PART | Partnership Shares | G16252101 | 97,927,684 | 3,287,267 | SH | DFND | 6 | 0 | 0 | 0 | |
| BROOKFIELD RENEWABLE CORP | COMMON STOCK | 11285B108 | 281,828,724 | 10,094,152 | SH | DFND | 6 | 0 | 0 | 0 | |
| BROOKFIELD RENEWABLE PARTNERS | Partnership Shares | G16258108 | 114,085,663 | 5,148,270 | SH | DFND | 6 | 0 | 0 | 0 | |
| LAMB WESTON HOLDINGS INC | COMMON STOCK | 513272104 | 54,166,978 | 1,016,266 | SH | DFND | 6 | 0 | 0 | 0 | |
| NIKE INC | COMMON STOCK | 654106103 | 41,807,801 | 658,598 | SH | DFND | 6 | 0 | 0 | 0 | |
| CHENIERE ENERGY PARTNERS LP | Partnership Shares | 16411Q101 | 6,711,009,631 | 101,620,376 | SH | DFND | 4 | 0 | 0 | 0 | |
| XPLR INFRASTRUCTURE LP | Partnership Shares | 65341B106 | 20,713,040 | 2,180,320 | SH | DFND | 4 | 0 | 0 | 0 | |
| SOUTH BOW CORP | COMMON STOCK | 83671M105 | 19,039,885 | 746,077 | SH | DFND | 4 | 0 | 0 | 0 | |
| CIVITAS RESOURCES INC | COMMON STOCK | 17888H103 | 770,371 | 22,080 | SH | DFND | 2 | 0 | 0 | 0 | |
| METLIFE INC | COMMON STOCK | 59156R108 | 331,839 | 4,133 | SH | DFND | 2 | 0 | 0 | 0 | |
| PAR PACIFIC HOLDINGS INC | COMMON STOCK | 69888T207 | 870,844 | 61,069 | SH | DFND | 2 | 0 | 0 | 0 | |
| BROOKFIELD BUSINESS CORP | COMMON STOCK | 11259V106 | 983,000,174 | 36,927,129 | SH | SOLE | 0 | 0 | 0 | ||
| BROOKFIELD BUSINESS PARTNERS L | Partnership Shares | G16234109 | 8,786,544 | 374,533 | SH | SOLE | 0 | 0 | 0 | ||
| BROOKFIELD INFRASTRUCTURE PART | Partnership Shares | G16252101 | 41,683,062 | 1,399,230 | SH | SOLE | 0 | 0 | 0 | ||
| BROOKFIELD WEALTH SOL LTD | COMMON STOCK | G17434104 | 47,162,528 | 903,843 | SH | SOLE | 0 | 0 | 0 | ||
| BROOKFIELD RENEWABLE PARTNERS | Partnership Shares | G16258108 | 1,533,267,663 | 69,190,779 | SH | SOLE | 0 | 0 | 0 | ||
| SERVICETITAN INC | SHS CL A | 81764X103 | 71,213,422 | 748,748 | SH | DFND | 5 | 0 | 0 | 0 | |
