Duff & Phelps Investment Management 13F-HR Quarterly holdings report by institutional manager

The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete.
The reader should not assume that the information 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
3M Co	Common Stock	88579Y101	1,987	12,090	SH		SOLE		12,090	0	0
Abbott Laboratories	Common Stock	002824100	1,288	28,620	SH		SOLE		28,620	0	0
Abbvie Inc.	Common Stock	00287Y109	1,989	30,400	SH		SOLE		30,400	0	0
Accenture Ltd	Common Stock	G1151C101	1,059	11,855	SH		SOLE		11,855	0	0
Access Midstream Partners LP	Master Ltd Part	00434L109	43,176	796,600	SH		SOLE		796,600	0	0
Allete Inc	Common Stock	018522300	2,911	52,790	SH		SOLE		52,790	0	0
Alliant Energy Corp	Common Stock	018802108	99,630	1,500,000	SH		SOLE		1,500,000	0	0
Allstate Corp	Common Stock	020002101	565	8,040	SH		SOLE		8,040	0	0
Altria Group Inc	Common Stock	02209S103	1,846	37,475	SH		SOLE		37,475	0	0
Amazon.Com Inc	Common Stock	023135106	2,221	7,155	SH		SOLE		7,155	0	0
Ameren Corp	Common Stock	023608102	83,034	1,800,000	SH		SOLE		1,800,000	0	0
American Campus Communities	REIT	024835100	47,441	1,147,035	SH		SOLE		1,058,720	0	88,315
American Express Co	Common Stock	025816109	1,573	16,910	SH		SOLE		16,910	0	0
American International Group	Common Stock	026874784	1,488	26,570	SH		SOLE		26,570	0	0
American Tower REIT Inc	REIT	03027X100	6,991	70,720	SH		SOLE		70,720	0	0
American Water Works Co	Common Stock	030420103	57,435	1,077,575	SH		SOLE		1,077,575	0	0
Amerigas Partners LP	Master Ltd Part	030975106	18,449	385,000	SH		SOLE		385,000	0	0
Amgen Inc	Common Stock	031162100	2,291	14,385	SH		SOLE		14,385	0	0
Anadarko Petroleum Corp	Common Stock	032511107	790	9,580	SH		SOLE		9,580	0	0
Antero Midstream Prtnrs LP	Master Ltd Part	03673L103	12,513	455,000	SH		SOLE		455,000	0	0
Apache Corp	Common Stock	037411105	447	7,135	SH		SOLE		7,135	0	0
Apple Computer Inc	Common Stock	037833100	10,984	99,515	SH		SOLE		99,515	0	0
AT & T Inc.	Common Stock	00206R102	91,691	2,729,699	SH		SOLE		2,729,699	0	0
Atlas Pipeline Partner LP	Master Ltd Part	049392103	35,810	1,313,658	SH		SOLE		1,313,658	0	0
Avalonbay Communities Inc	REIT	053484101	52,706	322,576	SH		SOLE		282,976	0	39,600
Bank of America Corp	Common Stock	060505104	3,558	198,855	SH		SOLE		198,855	0	0
Bank of New York Mellon Corp	Common Stock	064058100	559	13,790	SH		SOLE		13,790	0	0
Baxter International Inc	Common Stock	071813109	749	10,225	SH		SOLE		10,225	0	0
BCE Inc	Foreign Common	05534B760	45,407	990,117	SH		SOLE		990,117	0	0
Berkshire Hathaway	Common Stock	084670702	2,529	16,845	SH		SOLE		16,845	0	0
Biogen Idec Inc	Common Stock	09062X103	1,514	4,460	SH		SOLE		4,460	0	0
Boeing Co	Common Stock	097023105	1,638	12,605	SH		SOLE		12,605	0	0
Boston Properties Inc	REIT	101121101	71,314	554,152	SH		SOLE		488,012	0	66,140
Breitburn Energy Partners LP	Master Ltd Part	106776107	3,865	552,075	SH		SOLE		552,075	0	0
Bristol-Myers Squibb Co	Common Stock	110122108	1,855	31,430	SH		SOLE		31,430	0	0
Brixmor Property Group Inc	REIT	11120U105	56,995	2,294,487	SH		SOLE		2,076,457	0	218,030
Camden Property Trust	REIT	133131102	90,582	1,226,735	SH		SOLE		1,101,885	0	124,850
Capital One Financial Co	Common Stock	14040H105	873	10,575	SH		SOLE		10,575	0	0
Caterpillar Inc	Common Stock	149123101	1,055	11,525	SH		SOLE		11,525	0	0
Centerpoint Energy Inc	Common Stock	15189T107	71,961	3,071,300	SH		SOLE		3,071,300	0	0
CenturyLink Inc	Common Stock	156700106	63,328	1,600,000	SH		SOLE		1,600,000	0	0
Chevron Corp	Common Stock	166764100	4,019	35,825	SH		SOLE		35,825	0	0
Cisco Systems Inc	Common Stock	17275R102	2,693	96,810	SH		SOLE		96,810	0	0
Citigroup Inc	Common Stock	172967424	3,102	57,329	SH		SOLE		57,329	0	0
Cleco Corp	Common Stock	12561W105	65,448	1,200,000	SH		SOLE		1,200,000	0	0
CMS Energy Corp	Common Stock	125896100	90,137	2,593,865	SH		SOLE		2,593,865	0	0
Coca-Cola Co	Common Stock	191216100	3,148	74,560	SH		SOLE		74,560	0	0
Colgate-Palmolive Co	Common Stock	194162103	1,128	16,300	SH		SOLE		16,300	0	0
Comcast Corp	Common Stock	20030N101	2,836	48,880	SH		SOLE		48,880	0	0
Conocophillips	Common Stock	20825C104	1,608	23,285	SH		SOLE		23,285	0	0
Costco Wholesale Corp	Common Stock	22160K105	1,176	8,295	SH		SOLE		8,295	0	0
Cousins Properties Inc	REIT	222795106	6,716	588,100	SH		SOLE		526,894	0	61,206
Crestwood Midstream Ptnrs LP	Master Ltd Part	226378107	17,314	1,140,574	SH		SOLE		1,140,574	0	0
Crown Castle Intl Corp	REIT	22822V101	7,035	89,390	SH		SOLE		89,390	0	0
CubeSmart	REIT	229663109	23,154	1,049,100	SH		SOLE		927,700	0	121,400
CVS Health Corp	Common Stock	126650100	2,092	21,725	SH		SOLE		21,725	0	0
DCP Midstream Partners	Master Ltd Part	23311P100	49,754	1,095,184	SH		SOLE		1,095,184	0	0
DCT Industrial	REIT	233153204	89,661	2,514,330	SH		SOLE		2,266,629	0	247,701
DDR Corp	REIT	23317H102	18,354	999,662	SH		SOLE		875,265	0	124,397
Devon Energy Corporation	Common Stock	25179M103	445	7,270	SH		SOLE		7,270	0	0
Dominion Midstrm Prtnrs LP	Master Ltd Part	257454108	9,008	229,800	SH		SOLE		229,800	0	0
Dominion Resources Inc	Common Stock	25746U109	90,236	1,173,423	SH		SOLE		1,173,423	0	0
Douglas Emmett Inc	REIT	25960P109	61,234	2,156,121	SH		SOLE		1,948,060	0	208,061
DOW Chemical Co	Common Stock	260543103	956	20,970	SH		SOLE		20,970	0	0
DTE Energy Co	Common Stock	233331107	118,306	1,369,755	SH		SOLE		1,369,755	0	0
DU Pont [E I] De Nemours	Common Stock	263534109	1,273	17,210	SH		SOLE		17,210	0	0
Duke Energy Corp	Common Stock	26441C204	109,267	1,307,955	SH		SOLE		1,307,955	0	0
Duke Realty Corp	REIT	264411505	47,728	2,362,785	SH		SOLE		2,094,060	0	268,725
EastGroup Properties	REIT	277276101	1,233	19,465	SH		SOLE		17,450	0	2,015
eBay Inc	Common Stock	278642103	1,203	21,440	SH		SOLE		21,440	0	0
Edison International	Common Stock	281020107	3,189	48,705	SH		SOLE		48,705	0	0
EMC Corp	Common Stock	268648102	1,145	38,485	SH		SOLE		38,485	0	0
Emerge Energy Services Lp	Common Stock	29102H108	4,590	85,000	SH		SOLE		85,000	0	0
Emerson Electric Co	Common Stock	291011104	809	13,100	SH		SOLE		13,100	0	0
Enbridge Energy Partners	Master Ltd Part	29250R106	94,278	2,362,861	SH		SOLE		2,362,861	0	0
Enbridge Inc	Foreign Common	29250N105	98,022	1,906,681	SH		SOLE		1,906,681	0	0
Energy Transfer Equity	Master Ltd Part	29273V100	39,289	684,724	SH		SOLE		684,724	0	0
Energy Transfer Partners	Master Ltd Part	29273R109	117,208	1,803,203	SH		SOLE		1,803,203	0	0
Enlink Midstream Partners LP	Master Ltd Part	29336U107	46,021	1,586,399	SH		SOLE		1,586,399	0	0
Enterprise Prods Prtnrs	Master Ltd Part	293792107	72,847	2,016,800	SH		SOLE		2,016,800	0	0
EQT Midstream Partners LP	Master Ltd Part	26885B100	20,328	231,000	SH		SOLE		231,000	0	0
Equity Lifestyle Properties	REIT	29472R108	20,341	394,584	SH		SOLE		355,029	0	39,555
Equity Residential	REIT	29476L107	124,227	1,729,218	SH		SOLE		1,525,380	0	203,838
Essex Property Trust	REIT	297178105	115,778	560,397	SH		SOLE		499,367	0	61,030
Exelon Corp	Common Stock	30161N101	294	7,935	SH		SOLE		7,935	0	0
Extra Space Storage Inc	REIT	30225T102	92,234	1,572,884	SH		SOLE		1,429,119	0	143,765
Exxon Mobil Corp	Common Stock	30231G102	7,392	79,955	SH		SOLE		79,955	0	0
Facebook Inc	Common Stock	30303M102	3,075	39,415	SH		SOLE		39,415	0	0
Fedex Corp	Common Stock	31428X106	871	5,015	SH		SOLE		5,015	0	0
Ford Motor Co	Common Stock	345370860	1,131	72,980	SH		SOLE		72,980	0	0
Freeprt McMoran Cop and Gld	Common Stock	35671D857	459	19,650	SH		SOLE		19,650	0	0
Frontier Communications Corp	Common Stock	35906A108	51,176	7,672,491	SH		SOLE		7,672,491	0	0
Gaslog Partners LP	Master Ltd Part	Y2687W108	18,114	716,830	SH		SOLE		716,830	0	0
General Dynamics Corp	Common Stock	369550108	813	5,910	SH		SOLE		5,910	0	0
General Electric Co	Common Stock	369604103	4,801	189,988	SH		SOLE		189,988	0	0
General Growth Pptys Inc	REIT	370023103	99,363	3,532,296	SH		SOLE		3,197,546	0	334,750
General Motors Co	Common Stock	37045V100	888	25,450	SH		SOLE		25,450	0	0
Genesis Energy LP	Master Ltd Part	371927104	29,164	687,500	SH		SOLE		687,500	0	0
Gilead Sciences Inc	Common Stock	375558103	2,691	28,545	SH		SOLE		28,545	0	0
Goldman Sachs Group Inc	Common Stock	38141G104	1,493	7,705	SH		SOLE		7,705	0	0
Google Inc	Common Stock	38259P508	2,855	5,380	SH		SOLE		5,380	0	0
Google Inc	Common Stock	38259P706	2,832	5,380	SH		SOLE		5,380	0	0
Great Plains Energy Inc	Common Stock	391164100	71,025	2,500,000	SH		SOLE		2,500,000	0	0
Halliburton Co	Common Stock	406216101	628	15,970	SH		SOLE		15,970	0	0
HCP Inc	REIT	40414L109	52,273	1,187,216	SH		SOLE		1,052,481	0	134,735
Health Care Reit Inc	REIT	42217K106	1,244	16,439	SH		SOLE		16,439	0	0
Hewlett-Packard Co	Common Stock	428236103	1,420	35,375	SH		SOLE		35,375	0	0
Highwoods Properties Inc	REIT	431284108	49,167	1,110,372	SH		SOLE		998,496	0	111,876
Home Depot Inc	Common Stock	437076102	2,616	24,925	SH		SOLE		24,925	0	0
Honeywell International Inc	Common Stock	438516106	1,482	14,830	SH		SOLE		14,830	0	0
Host Hotels & Resorts Inc	REIT	44107P104	102,550	4,314,262	SH		SOLE		3,891,287	0	422,975
Integrys Energy Group Inc	Common Stock	45822P105	38,925	500,000	SH		SOLE		500,000	0	0
Intel Corp	Common Stock	458140100	3,324	91,600	SH		SOLE		91,600	0	0
Intl Business Machines Corp	Common Stock	459200101	2,804	17,475	SH		SOLE		17,475	0	0
iShares	Exchange Traded	464287606	6,997	43,820	SH		SOLE		43,820	0	0
iShares	Exchange Traded	464287630	12,511	123,040	SH		SOLE		123,040	0	0
iShares	Exchange Traded	464287648	7,136	50,120	SH		SOLE		50,120	0	0
iShares	Exchange Traded	464287705	13,581	106,240	SH		SOLE		106,240	0	0
iShares	Exchange Traded	464288646	26,838	255,160	SH		SOLE		255,160	0	0
ITC Holdings Corp	Common Stock	465685105	3,091	76,445	SH		SOLE		76,445	0	0
J P Morgan Chase & Co	Common Stock	46625H100	4,431	70,810	SH		SOLE		70,810	0	0
Johnson & Johnson	Common Stock	478160104	5,537	52,950	SH		SOLE		52,950	0	0
Kilroy Realty Corp	REIT	49427F108	87,288	1,263,758	SH		SOLE		1,129,710	0	134,048
Kimco Realty Corp	REIT	49446R109	37,937	1,509,017	SH		SOLE		1,354,292	0	154,725
Kinder Morgan Inc	Common Stock	49456B101	170,586	4,031,816	SH		SOLE		4,031,816	0	0
Knot Offshore Prtnrs LP	Master Ltd Part	Y48125101	14,033	631,000	SH		SOLE		631,000	0	0
Lasalle Hotel Properties	REIT	517942108	66,185	1,635,421	SH		SOLE		1,472,767	0	162,654
Legacy Reserves LP	Master Ltd Part	524707304	3,904	341,600	SH		SOLE		341,600	0	0
Liberty Property Trust	REIT	531172104	72,699	1,931,938	SH		SOLE		1,744,158	0	187,780
Lilly [Eli] & Co	Common Stock	532457108	1,282	18,585	SH		SOLE		18,585	0	0
Linn Energy LLC	Master Ltd Part	536020100	4,447	439,000	SH		SOLE		439,000	0	0
Lockheed Martin Corp	Common Stock	539830109	968	5,025	SH		SOLE		5,025	0	0
Lowe's Companies Inc	Common Stock	548661107	1,275	18,530	SH		SOLE		18,530	0	0
Macerich Co	REIT	554382101	41,497	497,511	SH		SOLE		439,471	0	58,040
Magellan Midstream Partn LP	Master Ltd Part	559080106	33,071	400,090	SH		SOLE		400,090	0	0
Markwest Energy Partners LP	Master Ltd Part	570759100	89,329	1,329,500	SH		SOLE		1,329,500	0	0
MasterCard Inc	Common Stock	57636Q104	1,599	18,560	SH		SOLE		18,560	0	0
McDonald's Corp	Common Stock	580135101	1,725	18,410	SH		SOLE		18,410	0	0
Medtronic Inc	Common Stock	585055106	1,343	18,595	SH		SOLE		18,595	0	0
Memorial Production Prtrs LP	Master Ltd Part	586048100	8,389	575,000	SH		SOLE		575,000	0	0
Merck & Co Inc.	Common Stock	58933Y105	3,072	54,093	SH		SOLE		54,093	0	0
Metlife Inc	Common Stock	59156R108	1,167	21,570	SH		SOLE		21,570	0	0
Microsoft Corp	Common Stock	594918104	7,232	155,690	SH		SOLE		155,690	0	0
Mondelez International Inc	Common Stock	609207105	1,157	31,856	SH		SOLE		31,856	0	0
Monsanto Co	Common Stock	61166W101	1,106	9,255	SH		SOLE		9,255	0	0
Morgan Stanley	Common Stock	617446448	1,118	28,825	SH		SOLE		28,825	0	0
National Oilwell Varco Inc	Common Stock	637071101	540	8,235	SH		SOLE		8,235	0	0
NextEra Energy Inc	Common Stock	65339F101	115,316	1,084,915	SH		SOLE		1,084,915	0	0
Nike Inc	Common Stock	654106103	1,266	13,170	SH		SOLE		13,170	0	0
Nippon Telegraph & Telephone	ADRs	654624105	2,208	86,230	SH		SOLE		86,230	0	0
Nisource Inc	Common Stock	65473P105	89,715	2,114,920	SH		SOLE		2,114,920	0	0
Norfolk Southern Corp	Common Stock	655844108	651	5,940	SH		SOLE		5,940	0	0
Northeast Utilities	Common Stock	664397106	110,321	2,061,310	SH		SOLE		2,061,310	0	0
Northern Tier Energy LP	Master Ltd Part	665826103	13,516	610,476	SH		SOLE		610,476	0	0
Northwest Natural Gas Co	Common Stock	667655104	39,920	800,000	SH		SOLE		800,000	0	0
Nustar Energy LP	Master Ltd Part	67058H102	40,004	692,716	SH		SOLE		692,716	0	0
Occidental Petroleum Corp	Common Stock	674599105	1,183	14,675	SH		SOLE		14,675	0	0
OGE Energy Corp	Common Stock	670837103	70,960	2,000,000	SH		SOLE		2,000,000	0	0
Oneok Inc	Common Stock	682680103	3,225	64,775	SH		SOLE		64,775	0	0
Oneok Partners	Master Ltd Part	68268N103	31,953	806,291	SH		SOLE		806,291	0	0
Oracle Corp	Common Stock	68389X105	2,754	61,240	SH		SOLE		61,240	0	0
Paramount Group Inc	REIT	69924R108	22,988	1,236,590	SH		SOLE		1,124,973	0	111,617
Pebblebrook Hotel Trust	REIT	70509V100	67,349	1,475,981	SH		SOLE		1,325,823	0	150,158
Pepsico Inc	Common Stock	713448108	2,677	28,315	SH		SOLE		28,315	0	0
Pfizer Inc	Common Stock	717081103	3,719	119,383	SH		SOLE		119,383	0	0
Philip Morris International	Common Stock	718172109	2,398	29,445	SH		SOLE		29,445	0	0
Piedmont Natural Gas Co	Common Stock	720186105	39,410	1,000,000	SH		SOLE		1,000,000	0	0
Plains All Amer Pipelne LP	Master Ltd Part	726503105	47,143	918,610	SH		SOLE		918,610	0	0
Plains GP Holdings LP	Master Ltd Part	72651A108	9,609	374,195	SH		SOLE		374,195	0	0
Portland General Electric Co	Common Stock	736508847	79,067	2,090,050	SH		SOLE		2,090,050	0	0
PPL Corp	Common Stock	69351T106	139,862	3,849,775	SH		SOLE		3,849,775	0	0
Procter & Gamble Co	Common Stock	742718109	4,657	51,130	SH		SOLE		51,130	0	0
Prologis Inc	REIT	74340W103	138,540	3,219,614	SH		SOLE		2,840,364	0	379,250
Public Service Entrp Grp Inc	Common Stock	744573106	78,078	1,885,490	SH		SOLE		1,885,490	0	0
Public Storage	REIT	74460D109	157,363	851,302	SH		SOLE		759,652	0	91,650
Qualcomm Inc	Common Stock	747525103	2,343	31,520	SH		SOLE		31,520	0	0
Questar Corp	Common Stock	748356102	50,383	1,992,985	SH		SOLE		1,992,985	0	0
Raytheon Co	Common Stock	755111507	635	5,870	SH		SOLE		5,870	0	0
Regency Centers Corp	REIT	758849103	225	3,525	SH		SOLE		3,525	0	0
Regency Energy Partners LP	Master Ltd Part	75885Y107	11,400	475,000	SH		SOLE		475,000	0	0
RLJ Lodging Trust	REIT	74965L101	52,029	1,551,725	SH		SOLE		1,449,250	0	102,475
Schlumberger Ltd	Common Stock	806857108	2,086	24,425	SH		SOLE		24,425	0	0
Seadrill Partners LLC	Master Ltd Part	Y7545W109	17,944	1,105,584	SH		SOLE		1,105,584	0	0
Sempra Energy	Common Stock	816851109	107,413	964,560	SH		SOLE		964,560	0	0
Shell Midstream Prtnrs	Master Ltd Part	822634101	9,221	225,000	SH		SOLE		225,000	0	0
Simon Property Group Inc	REIT	828806109	216,945	1,191,287	SH		SOLE		1,054,144	0	137,143
SL Green Realty Corp	REIT	78440X101	31,345	263,355	SH		SOLE		232,456	0	30,899
Southern Co	Common Stock	842587107	119,499	2,433,290	SH		SOLE		2,433,290	0	0
Spectra Energy Corp	Common Stock	847560109	77,929	2,146,815	SH		SOLE		2,146,815	0	0
Starbucks Corp	Common Stock	855244109	1,154	14,070	SH		SOLE		14,070	0	0
Summit Midstream Partners LP	Master Ltd Part	866142102	5,700	150,000	SH		SOLE		150,000	0	0
Suncoke Energy Partners LP	Master Ltd Part	86722Y101	5,393	198,785	SH		SOLE		198,785	0	0
Sunoco Logistics Partners LP	Master Ltd Part	86764L108	23,355	559,000	SH		SOLE		559,000	0	0
Tallgrass Energy Prt LP	Master Ltd Part	874697105	17,880	400,000	SH		SOLE		400,000	0	0
Tanger Factory Outlet Centers	REIT	875465106	81,561	2,206,744	SH		SOLE		2,020,574	0	186,170
Targa Resources Corp	Common Stock	87612G101	1,588	14,974	SH		SOLE		14,974	0	0
Targa Resources Partners	Master Ltd Part	87611X105	53,963	1,127,038	SH		SOLE		1,127,038	0	0
Target Corp	Common Stock	87612E106	912	12,015	SH		SOLE		12,015	0	0
TC Pipelines LP	Master Ltd Part	87233Q108	32,925	462,297	SH		SOLE		462,297	0	0
Teekay LNG Partners	Master Ltd Part	Y8564M105	34,504	802,428	SH		SOLE		802,428	0	0
Teekay Offshore Partners	Master Ltd Part	Y8565J101	10,312	384,919	SH		SOLE		384,919	0	0
Tesoro Logistics LP	Master Ltd Part	88160T107	28,137	478,118	SH		SOLE		478,118	0	0
Texas Instruments Inc	Common Stock	882508104	1,067	19,955	SH		SOLE		19,955	0	0
Time Warner Inc	Common Stock	887317303	1,360	15,916	SH		SOLE		15,916	0	0
Transcanada Corp	Foreign Common	89353D107	59,195	1,205,598	SH		SOLE		1,205,598	0	0
Transocean Partners LLC	Master Ltd Part	Y8977Y100	4,460	305,056	SH		SOLE		305,056	0	0
Twenty-First Century Fox Inc	Common Stock	90130A101	1,351	35,180	SH		SOLE		35,180	0	0
U S Bancorp	Common Stock	902973304	1,526	33,942	SH		SOLE		33,942	0	0
Union Pacific Corp	Common Stock	907818108	2,016	16,920	SH		SOLE		16,920	0	0
United Parcel Service	Common Stock	911312106	1,470	13,225	SH		SOLE		13,225	0	0
United Technologies Corp	Common Stock	913017109	1,845	16,040	SH		SOLE		16,040	0	0
UnitedHealth Group Inc	Common Stock	91324P102	1,838	18,185	SH		SOLE		18,185	0	0
Valero Energy Prtnrs LP	Master Ltd Part	91914J102	7,026	162,440	SH		SOLE		162,440	0	0
Vanguard	Exchange Traded	922042775	21,170	451,765	SH		SOLE		451,765	0	0
Vanguard	Exchange Traded	922042858	4,945	123,560	SH		SOLE		123,560	0	0
Vanguard FTSE Developed Market	Exchange Traded	921943858	19,909	525,590	SH		SOLE		525,590	0	0
Vanguard Natural Resources	Master Ltd Part	92205F106	5,425	360,000	SH		SOLE		360,000	0	0
Vectren Corp	Common Stock	92240G101	72,402	1,566,125	SH		SOLE		1,566,125	0	0
Ventas Inc	REIT	92276F100	74,473	1,038,676	SH		SOLE		923,092	0	115,584
Verizon Communications Inc	Common Stock	92343V104	139,672	2,985,717	SH		SOLE		2,985,717	0	0
Visa Inc	Common Stock	92826C839	2,414	9,205	SH		SOLE		9,205	0	0
Vodafone Group PLC	ADRs	92857W308	33,347	975,903	SH		SOLE		975,903	0	0
Wal-Mart Stores	Common Stock	931142103	2,567	29,890	SH		SOLE		29,890	0	0
Walgreens Boots Alliance Inc	Common Stock	931427108	1,257	16,495	SH		SOLE		16,495	0	0
Walt Disney Co	Common Stock	254687106	2,789	29,610	SH		SOLE		29,610	0	0
Washington Prime Group	REIT	939647103	21,163	1,228,953	SH		SOLE		1,103,845	0	125,108
Wells Fargo & Co	Common Stock	949746101	2,520	45,964	SH		SOLE		45,964	0	0
Westar Energy Inc	Common Stock	95709T100	116,709	2,830,000	SH		SOLE		2,830,000	0	0
Western Gas Partners LP	Master Ltd Part	958254104	31,996	438,000	SH		SOLE		438,000	0	0
Westlake Chemical Partners	Master Ltd Part	960417103	16,690	575,500	SH		SOLE		575,500	0	0
WGL Holdings Inc	Common Stock	92924F106	54,620	1,000,000	SH		SOLE		1,000,000	0	0
Williams Cos Inc	Common Stock	969457100	61,013	1,357,659	SH		SOLE		1,357,659	0	0
Williams Partners LP	Master Ltd Part	96950F104	75,478	1,686,670	SH		SOLE		1,686,670	0	0
Windstream Holdings Inc	Common Stock	97382A101	61,583	7,473,627	SH		SOLE		7,473,627	0	0
XCEL Energy Inc	Common Stock	98389B100	86,208	2,400,000	SH		SOLE		2,400,000	0	0