Schedule of investments
Macquarie Global Infrastructure Total Return Fund Inc. February 29, 2020 (Unaudited)
| Number of shares | Value (US $) | ||
| Common Stock – 138.54%D | |||
| Australia - 15.80% | |||
| APA Group ∞ | 403,296 | $ | 2,842,273 |
| Atlas Arteria ∞ | 1,211,728 | 6,385,865 | |
| Spark Infrastructure Group ∞ | 3,981,176 | 5,500,885 | |
| Sydney Airport ∞ | 1,991,506 | 10,177,423 | |
| Transurban Group ∞ | 2,609,374 | 25,444,232 | |
| 50,350,678 | |||
| Canada - 15.44% | |||
| Enbridge ∞ | 446,034 | 16,601,869 | |
| Hydro One 144A # ∞ | 229,180 | 4,599,821 | |
| Pembina Pipeline ∞ | 166,697 | 6,004,694 | |
| TC Energy ∞ | 422,016 | 21,996,081 | |
| 49,202,465 | |||
| China/Hong Kong - 6.03% | |||
| China Longyuan Power Group Class H ∞ | 6,155,000 | 3,234,140 | |
| CLP Holdings ∞ | 1,190,500 | 12,579,440 | |
| Huadian Fuxin Energy Class H ∞ | 19,826,000 | 3,391,538 | |
| 19,205,118 | |||
| France - 3.59% | |||
| Aeroports de Paris ∞ | 45,090 | 6,702,663 | |
| Vinci ∞ | 46,859 | 4,734,986 | |
| 11,437,649 | |||
| Italy - 18.84% | |||
| Atlantia ∞ | 1,028,698 | 22,249,443 | |
| Enav 144A # ∞ | 2,905,426 | 17,352,242 | |
| Enel ∞ | 853,768 | 7,165,821 | |
| Snam ∞ | 470,743 | 2,334,117 | |
| Terna Rete Elettrica Nazionale ∞ | 1,654,614 | 10,938,196 | |
| 60,039,819 | |||
| Japan - 3.02% | |||
| East Japan Railway ∞ | 125,900 | 9,616,606 | |
| 9,616,606 | |||
| Mexico - 7.55% | |||
| ALEATICA ∞ | 9,858,079 | 14,198,879 | |
| Infraestructura Energetica Nova ∞ | 2,245,906 | 9,858,572 | |
| 24,057,451 | |||
| Netherlands - 1.07% | |||
| Koninklijke Vopak ∞ | 71,908 | 3,423,150 | |
| 3,423,150 | |||
| Spain - 7.87% | |||
| Aena SME 144A # ∞ | 57,709 | 9,295,016 |
NQ-MGU [2/20] 4/20 (1139745) 1
Schedule of investments
Macquarie Global Infrastructure Total Return Fund Inc. (Unaudited)
| Number of shares | Value (US $) | |||
| Common StockD(continued) | ||||
| Spain(continued) | ||||
| Iberdrola ∞ | 1,218,170 | $ | 13,945,821 | |
| Sacyr ∞ | 684,650 | 1,826,988 | ||
| 25,067,825 | ||||
| Switzerland - 3.28% | ||||
| Flughafen Zuerich ∞ | 68,844 | 10,441,404 | ||
| 10,441,404 | ||||
| United Kingdom - 15.26% | ||||
| National Grid ∞ | 1,590,328 | 20,047,257 | ||
| Severn Trent ∞ | 378,706 | 12,021,538 | ||
| United Utilities Group ∞ | 1,362,957 | 16,537,406 | ||
| 48,606,201 | ||||
| United States - 40.79% | ||||
| American Electric Power ∞ | 150,113 | 13,399,086 | ||
| Atmos Energy ∞ | 45,900 | 4,739,175 | ||
| Cheniere Energy † ∞ | 471,899 | 24,203,700 | ||
| Dominion Energy ∞ | 101,300 | 7,919,634 | ||
| DTE Energy ∞ | 58,000 | 6,476,860 | ||
| Eversource Energy ∞ | 67,650 | 5,849,019 | ||
| Kinder Morgan ∞ | 513,437 | 9,842,587 | ||
| NextEra Energy ∞ | 65,000 | 16,429,400 | ||
| Sempra Energy ∞ | 162,600 | 22,728,228 | ||
| Southwest Gas Holdings ∞ | 166,551 | 10,772,519 | ||
| Williams ∞ | 399,400 | 7,608,570 | ||
| 129,968,778 | ||||
| Total Common Stock(cost $450,080,244) | 441,417,144 | |||
| Master Limited Partnerships – 4.90% | ||||
| Energy Transfer Equity ∞ | 376,700 | 4,173,836 | ||
| Enterprise Products Partners ∞ | 291,884 | 6,812,572 | ||
| Magellan Midstream Partners ∞ | 84,893 | 4,630,913 | ||
| Total Master Limited Partnerships(cost $18,245,863) | 15,617,321 | |||
| Total Value of Securities – 143.44% | ||||
| (cost $468,326,107) | 457,034,465 | |||
| Leverage Facility – (46.50%) | (148,157,909) | |||
| Receivables and Other Assets Net of Liabilities – 3.06% | 9,737,138 | |||
| Net Assets Applicable to 12,468,293 Shares Outstanding – 100.00% | $ | 318,613,694 | ||
2 NQ-MGU [2/20] 4/20 (1139745)
(Unaudited)
| # | Security exempt from registration under Rule 144A of the Securities Act of 1933, as amended. At |
| February 29, 2020, the aggregate value of Rule 144A securities was $31,247,079, which represents | |
| 9.81% of the Fund’s net assets. | |
| D Securities have been classified by country of origin. | |
| † | Non-income producing security. |
| ∞ Fully or partially pledged as collateral for borrowing transactions. | |
| The following foreign currency exchange contracts were outstanding at Feb. 29, 2020: | ||||||||||
| Foreign Currency Exchange Contracts | ||||||||||
| Contracts to | Settlement | Unrealized | Unrealized | |||||||
| Counterparty | Receive (Deliver) | In Exchange For | Date | Appreciation | Depreciation | |||||
| BNYM | AUD | 819,257 | USD | 537,938 | 3/2/20 | $ | — | $ | (4,193) | |
| BNYM | AUD | 737,734 | USD | 476,003 | 3/3/20 | 4,642 | — | |||
| BNYM | EUR | 2,490,913 | USD | 2,737,752 | 3/2/20 | 12,635 | — | |||
| Total Foreign Currency Exchange Contracts | $ | 17,277 | $ | (4,193) | ||||||
The use of foreign currency exchange contracts involves elements of market risk and risks in excess of the amounts
disclosed in these financial statements. The foreign currency exchange contracts above represent the Fund’s total
exposure in such contracts, whereas only the net unrealized appreciation (depreciateion) is reflected in the Fund’s net
assets.
Summary of abbreviations:
AUD – Australian Dollar
BNYM – The Bank of New York Mellon
EUR – European Monetary Unit
USD – US Dollar
NQ-MGU [2/20] 4/20 (1139745) 3