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

OMB APPROVAL

OMB Number:		3235-0006
Expires:	Oct 31, 2018
Estimated average burden
hours per response:		23.8

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	1,762	11,420	SH		SOLE		11,420	0	0
Abbott Laboratories	Common Stock	002824100	1,334	27,180	SH		SOLE		27,180	0	0
Abbvie Inc.	Common Stock	00287Y109	1,929	28,710	SH		SOLE		28,710	0	0
Accenture Ltd	Common Stock	G1151C101	1,098	11,345	SH		SOLE		11,345	0	0
Allergan PLC	Common Stock	G0177J108	2,135	7,035	SH		SOLE		7,035	0	0
Allete Inc	Common Stock	018522300	2,718	58,585	SH		SOLE		58,585	0	0
Alliant Energy Corp	Common Stock	018802108	86,580	1,500,000	SH		SOLE		1,500,000	0	0
Allstate Corp	Common Stock	020002101	489	7,545	SH		SOLE		7,545	0	0
Altria Group Inc	Common Stock	02209S103	1,735	35,475	SH		SOLE		35,475	0	0
Amazon.Com Inc	Common Stock	023135106	2,974	6,850	SH		SOLE		6,850	0	0
Ameren Corp	Common Stock	023608102	67,824	1,800,000	SH		SOLE		1,800,000	0	0
American Campus Communities	REIT	024835100	41,739	1,107,435	SH		SOLE		1,037,720	0	69,715
American Electric Power	Common Stock	025537101	50,639	956,000	SH		SOLE		956,000	0	0
American Express Co	Common Stock	025816109	1,226	15,770	SH		SOLE		15,770	0	0
American Homes 4 Rent	REIT	02665T306	24,137	1,504,800	SH		SOLE		1,311,950	0	192,850
American International Group	Common Stock	026874784	1,528	24,710	SH		SOLE		24,710	0	0
American Tower REIT Inc	REIT	03027X100	7,314	78,405	SH		SOLE		78,405	0	0
American Water Works Co	Common Stock	030420103	52,813	1,086,015	SH		SOLE		1,086,015	0	0
Amerigas Partners LP	Master Ltd Part	030975106	18,970	415,000	SH		SOLE		415,000	0	0
Amgen Inc	Common Stock	031162100	2,096	13,655	SH		SOLE		13,655	0	0
Anadarko Petroleum Corp	Common Stock	032511107	714	9,150	SH		SOLE		9,150	0	0
Antero Midstream Prtnrs LP	Master Ltd Part	03673L103	13,031	455,000	SH		SOLE		455,000	0	0
Apple Computer Inc	Common Stock	037833100	11,162	88,995	SH		SOLE		88,995	0	0
AT & T Inc.	Common Stock	00206R102	76,738	2,160,404	SH		SOLE		2,160,404	0	0
Atmos Energy Corp	Common Stock	049560105	28,689	559,465	SH		SOLE		559,465	0	0
Avalonbay Communities Inc	REIT	053484101	100,658	629,626	SH		SOLE		563,276	0	66,350
Bank of America Corp	Common Stock	060505104	3,220	189,195	SH		SOLE		189,195	0	0
Bank of New York Mellon Corp	Common Stock	064058100	531	12,660	SH		SOLE		12,660	0	0
Baxter International Inc	Common Stock	071813109	681	9,735	SH		SOLE		9,735	0	0
BCE Inc	Foreign Common	05534B760	42,321	995,787	SH		SOLE		995,787	0	0
Berkshire Hathaway	Common Stock	084670702	2,110	15,505	SH		SOLE		15,505	0	0
Biogen Inc	Common Stock	09062X103	1,733	4,290	SH		SOLE		4,290	0	0
Boeing Co	Common Stock	097023105	1,638	11,805	SH		SOLE		11,805	0	0
Boston Properties Inc	REIT	101121101	59,776	493,852	SH		SOLE		432,162	0	61,690
Bristol-Myers Squibb Co	Common Stock	110122108	1,989	29,890	SH		SOLE		29,890	0	0
Brixmor Property Group Inc	REIT	11120U105	60,578	2,619,037	SH		SOLE		2,372,457	0	246,580
Camden Property Trust	REIT	133131102	96,383	1,297,570	SH		SOLE		1,169,170	0	128,400
Capital One Financial Co	Common Stock	14040H105	873	9,925	SH		SOLE		9,925	0	0
Caterpillar Inc	Common Stock	149123101	934	11,015	SH		SOLE		11,015	0	0
Celgene Corp	Common Stock	151020104	1,667	14,400	SH		SOLE		14,400	0	0
Centerpoint Energy Inc	Common Stock	15189T107	58,447	3,071,300	SH		SOLE		3,071,300	0	0
CenturyLink Inc	Common Stock	156700106	23,504	800,000	SH		SOLE		800,000	0	0
Chevron Corp	Common Stock	166764100	3,265	33,845	SH		SOLE		33,845	0	0
Cisco Systems Inc	Common Stock	17275R102	2,521	91,810	SH		SOLE		91,810	0	0
Citigroup Inc	Common Stock	172967424	3,015	54,579	SH		SOLE		54,579	0	0
CMS Energy Corp	Common Stock	125896100	82,914	2,604,075	SH		SOLE		2,604,075	0	0
Coca-Cola Co	Common Stock	191216100	2,773	70,680	SH		SOLE		70,680	0	0
Colgate-Palmolive Co	Common Stock	194162103	1,001	15,300	SH		SOLE		15,300	0	0
Columbia Pipeline Prtn LP	Master Ltd Part	198281107	15,624	620,000	SH		SOLE		620,000	0	0
Comcast Corp	Common Stock	20030N101	2,748	45,700	SH		SOLE		45,700	0	0
Communications Sales & Leasing	REIT	20341J104	47,449	1,919,440	SH		SOLE		1,919,440	0	0
Conocophillips	Common Stock	20825C104	1,359	22,135	SH		SOLE		22,135	0	0
Costco Wholesale Corp	Common Stock	22160K105	1,074	7,955	SH		SOLE		7,955	0	0
Cousins Properties Inc	REIT	222795106	37,250	3,588,650	SH		SOLE		3,254,750	0	333,900
Crestwood Midstream Ptnrs LP	Master Ltd Part	226378107	12,774	1,140,574	SH		SOLE		1,140,574	0	0
Crown Castle Intl Corp	REIT	22822V101	58,552	729,170	SH		SOLE		729,170	0	0
CubeSmart	REIT	229663109	26,247	1,133,300	SH		SOLE		997,350	0	135,950
CVS Health Corp	Common Stock	126650100	2,126	20,275	SH		SOLE		20,275	0	0
DCP Midstream Partners	Master Ltd Part	23311P100	30,849	1,005,184	SH		SOLE		1,005,184	0	0
DCT Industrial	REIT	233153204	74,966	2,384,405	SH		SOLE		2,151,354	0	233,051
DDR Corp	REIT	23317H102	241	15,579	SH		SOLE		15,579	0	0
Devon Energy Corporation	Common Stock	25179M103	412	6,930	SH		SOLE		6,930	0	0
Dominion Midstrm Prtnrs LP	Master Ltd Part	257454108	12,826	334,800	SH		SOLE		334,800	0	0
Dominion Resources Inc	Common Stock	25746U109	79,003	1,181,443	SH		SOLE		1,181,443	0	0
Douglas Emmett Inc	REIT	25960P109	53,435	1,983,471	SH		SOLE		1,782,910	0	200,561
DOW Chemical Co	Common Stock	260543103	1,002	19,590	SH		SOLE		19,590	0	0
DTE Energy Co	Common Stock	233331107	121,075	1,622,120	SH		SOLE		1,622,120	0	0
DU Pont [E I] De Nemours	Common Stock	263534109	1,042	16,290	SH		SOLE		16,290	0	0
Duke Energy Corp	Common Stock	26441C204	107,020	1,515,435	SH		SOLE		1,515,435	0	0
Duke Realty Corp	REIT	264411505	33,941	1,827,735	SH		SOLE		1,576,760	0	250,975
eBay Inc	Common Stock	278642103	1,194	19,820	SH		SOLE		19,820	0	0
Edison International	Common Stock	281020107	2,999	53,965	SH		SOLE		53,965	0	0
EMC Corp	Common Stock	268648102	944	35,775	SH		SOLE		35,775	0	0
Emerge Energy Services LP	Master Ltd Part	29102H108	5,415	150,000	SH		SOLE		150,000	0	0
Emerson Electric Co	Common Stock	291011104	683	12,320	SH		SOLE		12,320	0	0
Enbridge Energy Partners	Master Ltd Part	29250R106	80,254	2,407,861	SH		SOLE		2,407,861	0	0
Enbridge Inc	Foreign Common	29250N105	89,317	1,908,901	SH		SOLE		1,908,901	0	0
Energy Transfer Equity LP	Master Ltd Part	29273V100	33,385	520,266	SH		SOLE		520,266	0	0
Energy Transfer Partners	Master Ltd Part	29273R109	101,555	1,945,492	SH		SOLE		1,945,492	0	0
Enlink Midstream Partners LP	Master Ltd Part	29336U107	39,247	1,786,399	SH		SOLE		1,786,399	0	0
Enterprise Prods Prtnrs	Master Ltd Part	293792107	57,742	1,931,800	SH		SOLE		1,931,800	0	0
Enviva Partners LP	Master Ltd Part	29414J107	2,714	150,000	SH		SOLE		150,000	0	0
EQT Gp Holdings LP	Master Ltd Part	26885J103	9,007	265,000	SH		SOLE		265,000	0	0
EQT Midstream Partners LP	Master Ltd Part	26885B100	20,467	251,000	SH		SOLE		251,000	0	0
Equity Lifestyle Properties	REIT	29472R108	21,429	407,559	SH		SOLE		368,804	0	38,755
Equity Residential	REIT	29476L107	111,389	1,587,418	SH		SOLE		1,385,380	0	202,038
Essex Property Trust	REIT	297178105	110,186	518,522	SH		SOLE		460,342	0	58,180
EV Energy Partners LP	Master Ltd Part	26926V107	2,722	238,110	SH		SOLE		238,110	0	0
Eversource Energy	Common Stock	30040W108	93,908	2,068,005	SH		SOLE		2,068,005	0	0
Exelon Corp	Common Stock	30161N101	228	7,265	SH		SOLE		7,265	0	0
Extra Space Storage Inc	REIT	30225T102	85,119	1,305,109	SH		SOLE		1,180,519	0	124,590
Exxon Mobil Corp	Common Stock	30231G102	6,282	75,505	SH		SOLE		75,505	0	0
Facebook Inc	Common Stock	30303M102	3,232	37,685	SH		SOLE		37,685	0	0
Federal Realty Invs Trust	REIT	313747206	40,492	316,125	SH		SOLE		282,400	0	33,725
Fedex Corp	Common Stock	31428X106	807	4,735	SH		SOLE		4,735	0	0
Ford Motor Co	Common Stock	345370860	1,050	69,960	SH		SOLE		69,960	0	0
Frontier Communications Corp	Common Stock	35906A108	37,979	7,672,491	SH		SOLE		7,672,491	0	0
Gaslog Partners LP	Master Ltd Part	Y2687W108	25,210	1,101,830	SH		SOLE		1,101,830	0	0
General Dynamics Corp	Common Stock	369550108	813	5,740	SH		SOLE		5,740	0	0
General Electric Co	Common Stock	369604103	4,812	181,108	SH		SOLE		181,108	0	0
General Growth Pptys Inc	REIT	370023103	81,452	3,174,296	SH		SOLE		2,847,146	0	327,150
General Motors Co	Common Stock	37045V100	809	24,280	SH		SOLE		24,280	0	0
Genesis Energy LP	Master Ltd Part	371927104	30,174	687,500	SH		SOLE		687,500	0	0
Gilead Sciences Inc	Common Stock	375558103	3,140	26,815	SH		SOLE		26,815	0	0
Goldman Sachs Group Inc	Common Stock	38141G104	1,527	7,315	SH		SOLE		7,315	0	0
Google Inc	Common Stock	38259P508	2,776	5,140	SH		SOLE		5,140	0	0
Google Inc	Common Stock	38259P706	2,682	5,153	SH		SOLE		5,153	0	0
Great Plains Energy Inc	Common Stock	391164100	60,400	2,500,000	SH		SOLE		2,500,000	0	0
Halliburton Co	Common Stock	406216101	664	15,420	SH		SOLE		15,420	0	0
HCP Inc	REIT	40414L109	16,567	454,266	SH		SOLE		409,513	0	44,753
Health Care Reit Inc	REIT	42217K106	619	9,439	SH		SOLE		9,439	0	0
Hewlett-Packard Co	Common Stock	428236103	982	32,715	SH		SOLE		32,715	0	0
Highwoods Properties Inc	REIT	431284108	42,058	1,052,772	SH		SOLE		946,946	0	105,826
Home Depot Inc	Common Stock	437076102	2,634	23,705	SH		SOLE		23,705	0	0
Honeywell International Inc	Common Stock	438516106	1,434	14,060	SH		SOLE		14,060	0	0
Host Hotels & Resorts Inc	REIT	44107P104	85,031	4,287,975	SH		SOLE		3,891,682	0	396,293
Integrys Energy Group Inc	Common Stock	45822P105	34,830	500,000	SH		SOLE		500,000	0	0
Intel Corp	Common Stock	458140100	2,593	85,250	SH		SOLE		85,250	0	0
Intl Business Machines Corp	Common Stock	459200101	2,690	16,535	SH		SOLE		16,535	0	0
iShares	Exchange Traded	464287606	7,156	42,220	SH		SOLE		42,220	0	0
iShares	Exchange Traded	464287630	13,208	129,540	SH		SOLE		129,540	0	0
iShares	Exchange Traded	464287648	7,129	46,120	SH		SOLE		46,120	0	0
iShares	Exchange Traded	464287705	14,023	108,740	SH		SOLE		108,740	0	0
iShares	Exchange Traded	464288646	27,181	258,060	SH		SOLE		258,060	0	0
J P Morgan Chase & Co	Common Stock	46625H100	4,549	67,130	SH		SOLE		67,130	0	0
Johnson & Johnson	Common Stock	478160104	4,880	50,070	SH		SOLE		50,070	0	0
Kilroy Realty Corp	REIT	49427F108	86,777	1,292,283	SH		SOLE		1,157,260	0	135,023
Kinder Morgan Inc	Common Stock	49456B101	154,719	4,030,186	SH		SOLE		4,030,186	0	0
Knot Offshore Prtnrs LP	Master Ltd Part	Y48125101	12,447	651,000	SH		SOLE		651,000	0	0
Laclede Group Inc/The	Common Stock	505597104	26,030	500,000	SH		SOLE		500,000	0	0
Lasalle Hotel Properties	REIT	517942108	58,543	1,650,946	SH		SOLE		1,486,842	0	164,104
Liberty Property Trust	REIT	531172104	57,306	1,778,588	SH		SOLE		1,597,058	0	181,530
Lilly [Eli] & Co	Common Stock	532457108	1,468	17,585	SH		SOLE		17,585	0	0
Linn Energy LLC	Master Ltd Part	536020100	4,580	514,085	SH		SOLE		514,085	0	0
Lockheed Martin Corp	Common Stock	539830109	890	4,785	SH		SOLE		4,785	0	0
Lowe's Companies Inc	Common Stock	548661107	1,171	17,490	SH		SOLE		17,490	0	0
Macerich Co	REIT	554382101	6,637	88,971	SH		SOLE		74,416	0	14,555
Magellan Midstream Partn LP	Master Ltd Part	559080106	29,359	400,090	SH		SOLE		400,090	0	0
Markwest Energy Partners LP	Master Ltd Part	570759100	76,987	1,365,500	SH		SOLE		1,365,500	0	0
MasterCard Inc	Common Stock	57636Q104	1,641	17,550	SH		SOLE		17,550	0	0
McDonald's Corp	Common Stock	580135101	1,647	17,320	SH		SOLE		17,320	0	0
Medtronic PLC	Common Stock	G5960L103	1,893	25,550	SH		SOLE		25,550	0	0
Memorial Production Prtrs LP	Master Ltd Part	586048100	8,836	595,000	SH		SOLE		595,000	0	0
Merck & Co Inc.	Common Stock	58933Y105	2,906	51,053	SH		SOLE		51,053	0	0
Metlife Inc	Common Stock	59156R108	1,127	20,130	SH		SOLE		20,130	0	0
Microsoft Corp	Common Stock	594918104	6,517	147,600	SH		SOLE		147,600	0	0
Mondelez International Inc	Common Stock	609207105	1,222	29,696	SH		SOLE		29,696	0	0
Monsanto Co	Common Stock	61166W101	929	8,720	SH		SOLE		8,720	0	0
Morgan Stanley	Common Stock	617446448	1,072	27,625	SH		SOLE		27,625	0	0
NextEra Energy Inc	Common Stock	65339F101	107,259	1,094,140	SH		SOLE		1,094,140	0	0
NGL Energy Partners Lp	Master Ltd Part	62913M107	6,976	230,000	SH		SOLE		230,000	0	0
Nike Inc	Common Stock	654106103	1,362	12,610	SH		SOLE		12,610	0	0
Nippon Telegraph & Telephone	ADRs	654624105	3,466	95,515	SH		SOLE		95,515	0	0
Nisource Inc	Common Stock	65473P105	92,441	2,027,655	SH		SOLE		2,027,655	0	0
Norfolk Southern Corp	Common Stock	655844108	487	5,570	SH		SOLE		5,570	0	0
Northern Tier Energy LP	Master Ltd Part	665826103	14,749	620,476	SH		SOLE		620,476	0	0
Northwest Natural Gas Co	Common Stock	667655104	33,744	800,000	SH		SOLE		800,000	0	0
Nustar Energy LP	Master Ltd Part	67058H102	51,974	875,716	SH		SOLE		875,716	0	0
Occidental Petroleum Corp	Common Stock	674599105	1,077	13,845	SH		SOLE		13,845	0	0
OGE Energy Corp	Common Stock	670837103	65,711	2,300,000	SH		SOLE		2,300,000	0	0
Oneok Inc	Common Stock	682680103	1,086	27,510	SH		SOLE		27,510	0	0
Oneok Partners	Master Ltd Part	68268N103	10,686	314,291	SH		SOLE		314,291	0	0
Oracle Corp	Common Stock	68389X105	2,325	57,690	SH		SOLE		57,690	0	0
Paramount Group Inc	REIT	69924R108	21,164	1,233,359	SH		SOLE		1,122,542	0	110,817
Pebblebrook Hotel Trust	REIT	70509V100	66,630	1,553,881	SH		SOLE		1,388,423	0	165,458
Pepsico Inc	Common Stock	713448108	2,490	26,675	SH		SOLE		26,675	0	0
Pfizer Inc	Common Stock	717081103	3,699	110,313	SH		SOLE		110,313	0	0
Philip Morris International	Common Stock	718172109	2,231	27,825	SH		SOLE		27,825	0	0
Piedmont Natural Gas Co	Common Stock	720186105	35,310	1,000,000	SH		SOLE		1,000,000	0	0
Plains All Amer Pipelne LP	Master Ltd Part	726503105	44,599	1,023,610	SH		SOLE		1,023,610	0	0
Plains GP Holdings LP	Master Ltd Part	72651A108	14,219	550,270	SH		SOLE		550,270	0	0
Portland General Electric Co	Common Stock	736508847	69,635	2,099,960	SH		SOLE		2,099,960	0	0
PPL Corp	Common Stock	69351T106	51,720	1,755,000	SH		SOLE		1,755,000	0	0
Procter & Gamble Co	Common Stock	742718109	3,803	48,610	SH		SOLE		48,610	0	0
Prologis Inc	REIT	74340W103	104,695	2,821,964	SH		SOLE		2,485,439	0	336,525
Public Service Entrp Grp Inc	Common Stock	744573106	74,427	1,894,790	SH		SOLE		1,894,790	0	0
Public Storage	REIT	74460D109	106,986	580,281	SH		SOLE		509,297	0	70,984
Qualcomm Inc	Common Stock	747525103	1,860	29,700	SH		SOLE		29,700	0	0
Questar Corp	Common Stock	748356102	41,888	2,003,250	SH		SOLE		2,003,250	0	0
Raytheon Co	Common Stock	755111507	535	5,590	SH		SOLE		5,590	0	0
Regency Centers Corp	REIT	758849103	43,558	738,525	SH		SOLE		659,375	0	79,150
RLJ Lodging Trust	REIT	74965L101	56,939	1,912,000	SH		SOLE		1,786,300	0	125,700
Schlumberger Ltd	Common Stock	806857108	1,977	22,935	SH		SOLE		22,935	0	0
Seadrill Partners LLC	Master Ltd Part	Y7545W109	9,941	805,584	SH		SOLE		805,584	0	0
Sempra Energy	Common Stock	816851109	96,148	971,785	SH		SOLE		971,785	0	0
Shell Midstream Prtnrs	Master Ltd Part	822634101	10,528	230,625	SH		SOLE		230,625	0	0
Simon Property Group Inc	REIT	828806109	194,031	1,121,437	SH		SOLE		983,519	0	137,918
SL Green Realty Corp	REIT	78440X101	26,608	242,130	SH		SOLE		213,781	0	28,349
Southern Co	Common Stock	842587107	101,932	2,432,740	SH		SOLE		2,432,740	0	0
Spectra Energy Corp	Common Stock	847560109	69,765	2,140,040	SH		SOLE		2,140,040	0	0
Starbucks Corp	Common Stock	855244109	1,448	27,000	SH		SOLE		27,000	0	0
Suncoke Energy Partners LP	Master Ltd Part	86722Y101	3,399	198,785	SH		SOLE		198,785	0	0
Sunoco Logistics Partners LP	Master Ltd Part	86764L108	28,865	759,000	SH		SOLE		759,000	0	0
Tallgrass Energy Gp LP	Master Ltd Part	874696107	12,217	380,000	SH		SOLE		380,000	0	0
Tallgrass Energy Prt LP	Master Ltd Part	874697105	29,329	610,000	SH		SOLE		610,000	0	0
Tanger Factory Outlet Centers	REIT	875465106	71,731	2,262,794	SH		SOLE		2,075,024	0	187,770
Targa Resources Corp	Common Stock	87612G101	9,826	110,135	SH		SOLE		110,135	0	0
Targa Resources Partners	Master Ltd Part	87611X105	57,129	1,480,038	SH		SOLE		1,480,038	0	0
Target Corp	Common Stock	87612E106	941	11,525	SH		SOLE		11,525	0	0
TC Pipelines LP	Master Ltd Part	87233Q108	22,030	386,497	SH		SOLE		386,497	0	0
Teekay LNG Partners	Master Ltd Part	Y8564M105	25,677	797,428	SH		SOLE		797,428	0	0
Teekay Offshore Partners	Master Ltd Part	Y8565J101	7,787	384,919	SH		SOLE		384,919	0	0
Tesoro Logistics LP	Master Ltd Part	88160T107	34,052	596,151	SH		SOLE		596,151	0	0
Texas Instruments Inc	Common Stock	882508104	971	18,845	SH		SOLE		18,845	0	0
Time Warner Inc	Common Stock	887317303	1,308	14,966	SH		SOLE		14,966	0	0
Transcanada Corp	Foreign Common	89353D107	49,157	1,210,173	SH		SOLE		1,210,173	0	0
Transocean Partners LLC	Master Ltd Part	Y8977Y100	1,799	130,056	SH		SOLE		130,056	0	0
Twenty-First Century Fox Inc	Common Stock	90130A101	1,072	32,930	SH		SOLE		32,930	0	0
U S Bancorp	Common Stock	902973304	1,392	32,082	SH		SOLE		32,082	0	0
Union Pacific Corp	Common Stock	907818108	1,512	15,850	SH		SOLE		15,850	0	0
United Parcel Service	Common Stock	911312106	1,213	12,515	SH		SOLE		12,515	0	0
United Technologies Corp	Common Stock	913017109	1,653	14,900	SH		SOLE		14,900	0	0
UnitedHealth Group Inc	Common Stock	91324P102	2,094	17,165	SH		SOLE		17,165	0	0
Valero Energy Prtnrs LP	Master Ltd Part	91914J102	9,319	182,440	SH		SOLE		182,440	0	0
Vanguard	Exchange Traded	922042775	22,171	456,665	SH		SOLE		456,665	0	0
Vanguard	Exchange Traded	922042858	5,112	125,060	SH		SOLE		125,060	0	0
Vanguard FTSE Developed Market	Exchange Traded	921943858	20,919	527,590	SH		SOLE		527,590	0	0
Vectren Corp	Common Stock	92240G101	60,551	1,573,560	SH		SOLE		1,573,560	0	0
Ventas Inc	REIT	92276F100	46,999	756,951	SH		SOLE		664,142	0	92,809
Verizon Communications Inc	Common Stock	92343V104	116,888	2,507,782	SH		SOLE		2,507,782	0	0
Visa Inc	Common Stock	92826C839	2,347	34,950	SH		SOLE		34,950	0	0
Vodafone Group PLC	ADRs	92857W308	36,344	997,088	SH		SOLE		997,088	0	0
Wal-Mart Stores	Common Stock	931142103	2,017	28,440	SH		SOLE		28,440	0	0
Walgreens Boots Alliance Inc	Common Stock	931427108	1,335	15,815	SH		SOLE		15,815	0	0
Walt Disney Co	Common Stock	254687106	3,210	28,120	SH		SOLE		28,120	0	0
Wells Fargo & Co	Common Stock	949746101	2,502	44,494	SH		SOLE		44,494	0	0
Westar Energy Inc	Common Stock	95709T100	96,843	2,830,000	SH		SOLE		2,830,000	0	0
Western Gas Partners LP	Master Ltd Part	958254104	28,073	443,000	SH		SOLE		443,000	0	0
Westlake Chemical Partners	Master Ltd Part	960417103	12,082	555,500	SH		SOLE		555,500	0	0
WGL Holdings Inc	Common Stock	92924F106	54,290	1,000,000	SH		SOLE		1,000,000	0	0
Williams Cos Inc	Common Stock	969457100	63,318	1,103,294	SH		SOLE		1,103,294	0	0
Williams Partners LP	Master Ltd Part	96949L105	81,759	1,688,184	SH		SOLE		1,688,184	0	0
Windstream Holdings Inc	Common Stock	97382A200	4,253	666,666	SH		SOLE		666,666	0	0
Wisconsin Energy Corp	Common Stock	976657106	36,128	800,000	SH		SOLE		800,000	0	0
WP Glimcher Inc.	REIT	92939N102	2,219	163,973	SH		SOLE		133,827	0	30,146
XCEL Energy Inc	Common Stock	98389B100	77,232	2,400,000	SH		SOLE		2,400,000	0	0