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	1,533	10,810	SH		SOLE		10,810	0	0
Abbott Laboratories	Common Stock	002824100	1,036	25,770	SH		SOLE		25,770	0	0
Abbvie Inc.	Common Stock	00287Y109	1,555	28,580	SH		SOLE		28,580	0	0
Accenture Ltd	Common Stock	G1151C101	1,055	10,735	SH		SOLE		10,735	0	0
Allergan PLC	Common Stock	G0177J108	1,831	6,735	SH		SOLE		6,735	0	0
Allete Inc	Common Stock	018522300	2,709	53,650	SH		SOLE		53,650	0	0
Alliant Energy Corp	Common Stock	018802108	87,735	1,500,000	SH		SOLE		1,500,000	0	0
Allstate Corp	Common Stock	020002101	403	6,925	SH		SOLE		6,925	0	0
Altria Group Inc	Common Stock	02209S103	1,843	33,885	SH		SOLE		33,885	0	0
Amazon.Com Inc	Common Stock	023135106	3,394	6,630	SH		SOLE		6,630	0	0
Ameren Corp	Common Stock	023608102	76,086	1,800,000	SH		SOLE		1,800,000	0	0
American Campus Communities	REIT	024835100	34,718	958,013	SH		SOLE		893,198	0	64,815
American Electric Power	Common Stock	025537101	54,090	951,280	SH		SOLE		951,280	0	0
American Express Co	Common Stock	025816109	1,098	14,810	SH		SOLE		14,810	0	0
American Homes 4 Rent	REIT	02665T306	33,662	2,093,400	SH		SOLE		1,856,350	0	237,050
American International Group	Common Stock	026874784	1,271	22,370	SH		SOLE		22,370	0	0
American Tower REIT Inc	REIT	03027X100	6,316	71,790	SH		SOLE		71,790	0	0
American Water Works Co	Common Stock	030420103	59,419	1,078,780	SH		SOLE		1,078,780	0	0
Amerigas Partners LP	Master Ltd Part	030975106	14,328	345,000	SH		SOLE		345,000	0	0
Amgen Inc	Common Stock	031162100	1,807	13,065	SH		SOLE		13,065	0	0
Anadarko Petroleum Corp	Common Stock	032511107	524	8,680	SH		SOLE		8,680	0	0
Antero Midstream Prtnrs LP	Master Ltd Part	03673L103	6,205	347,400	SH		SOLE		347,400	0	0
Apple Computer Inc	Common Stock	037833100	9,322	84,515	SH		SOLE		84,515	0	0
AT & T Inc.	Common Stock	00206R102	69,813	2,142,804	SH		SOLE		2,142,804	0	0
Atmos Energy Corp	Common Stock	049560105	32,256	554,420	SH		SOLE		554,420	0	0
Avalonbay Communities Inc	REIT	053484101	105,666	604,426	SH		SOLE		538,026	0	66,400
Bank of America Corp	Common Stock	060505104	2,818	180,855	SH		SOLE		180,855	0	0
Bank of New York Mellon Corp	Common Stock	064058100	458	11,700	SH		SOLE		11,700	0	0
BCE Inc	Foreign Common	05534B760	61,072	1,491,012	SH		SOLE		1,491,012	0	0
Berkshire Hathaway	Common Stock	084670702	1,867	14,315	SH		SOLE		14,315	0	0
Biogen Inc	Common Stock	09062X103	1,182	4,050	SH		SOLE		4,050	0	0
Boeing Co	Common Stock	097023105	1,444	11,025	SH		SOLE		11,025	0	0
Boston Properties Inc	REIT	101121101	57,466	485,352	SH		SOLE		423,662	0	61,690
Bristol-Myers Squibb Co	Common Stock	110122108	1,705	28,800	SH		SOLE		28,800	0	0
Brixmor Property Group Inc	REIT	11120U105	58,842	2,506,037	SH		SOLE		2,260,457	0	245,580
Camden Property Trust	REIT	133131102	59,718	808,098	SH		SOLE		722,531	0	85,567
Capital One Financial Co	Common Stock	14040H105	677	9,335	SH		SOLE		9,335	0	0
Caterpillar Inc	Common Stock	149123101	682	10,435	SH		SOLE		10,435	0	0
Celgene Corp	Common Stock	151020104	1,475	13,640	SH		SOLE		13,640	0	0
Centerpoint Energy Inc	Common Stock	15189T107	55,406	3,071,300	SH		SOLE		3,071,300	0	0
CenturyLink Inc	Common Stock	156700106	20,096	800,000	SH		SOLE		800,000	0	0
Chevron Corp	Common Stock	166764100	2,563	32,495	SH		SOLE		32,495	0	0
Cisco Systems Inc	Common Stock	17275R102	2,305	87,820	SH		SOLE		87,820	0	0
Citigroup Inc	Common Stock	172967424	2,581	52,019	SH		SOLE		52,019	0	0
CMS Energy Corp	Common Stock	125896100	91,666	2,595,300	SH		SOLE		2,595,300	0	0
Coca-Cola Co	Common Stock	191216100	2,713	67,620	SH		SOLE		67,620	0	0
Colgate-Palmolive Co	Common Stock	194162103	987	15,550	SH		SOLE		15,550	0	0
Columbia Pipeline Group Inc	Common Stock	198280109	36,989	2,022,370	SH		SOLE		2,022,370	0	0
Columbia Pipeline Prtn LP	Master Ltd Part	198281107	7,849	620,000	SH		SOLE		620,000	0	0
Comcast Corp	Common Stock	20030N101	2,440	42,900	SH		SOLE		42,900	0	0
Communications Sales & Leasing	REIT	20341J104	34,358	1,919,440	SH		SOLE		1,919,440	0	0
Conocophillips	Common Stock	20825C104	1,022	21,305	SH		SOLE		21,305	0	0
Costco Wholesale Corp	Common Stock	22160K105	1,091	7,545	SH		SOLE		7,545	0	0
Cousins Properties Inc	REIT	222795106	34,412	3,732,350	SH		SOLE		3,377,950	0	354,400
Crestwood Midstream Ptnrs LP	Master Ltd Part	226378107	6,894	1,115,574	SH		SOLE		1,115,574	0	0
Crown Castle Intl Corp	REIT	22822V101	56,850	720,805	SH		SOLE		720,805	0	0
CubeSmart	REIT	229663109	29,221	1,073,900	SH		SOLE		937,950	0	135,950
CVS Health Corp	Common Stock	126650100	1,856	19,235	SH		SOLE		19,235	0	0
DCP Midstream Partners	Master Ltd Part	23311P100	23,580	975,184	SH		SOLE		975,184	0	0
DCT Industrial	REIT	233153204	82,540	2,452,155	SH		SOLE		2,219,004	0	233,151
DDR Corp	REIT	23317H102	240	15,579	SH		SOLE		15,579	0	0
Devon Energy Corporation	Common Stock	25179M103	246	6,630	SH		SOLE		6,630	0	0
Dominion Midstrm Prtnrs LP	Master Ltd Part	257454108	9,714	361,800	SH		SOLE		361,800	0	0
Dominion Resources Inc	Common Stock	25746U109	82,737	1,175,578	SH		SOLE		1,175,578	0	0
Douglas Emmett Inc	REIT	25960P109	54,254	1,889,071	SH		SOLE		1,689,426	0	199,645
DOW Chemical Co	Common Stock	260543103	845	19,930	SH		SOLE		19,930	0	0
DTE Energy Co	Common Stock	233331107	130,071	1,618,405	SH		SOLE		1,618,405	0	0
DU Pont [E I] De Nemours	Common Stock	263534109	753	15,630	SH		SOLE		15,630	0	0
Duke Energy Corp	Common Stock	26441C204	108,566	1,509,120	SH		SOLE		1,509,120	0	0
Duke Realty Corp	REIT	264411505	35,203	1,847,935	SH		SOLE		1,596,960	0	250,975
Edison International	Common Stock	281020107	3,118	49,435	SH		SOLE		49,435	0	0
EMC Corp	Common Stock	268648102	800	33,105	SH		SOLE		33,105	0	0
Emerge Energy Services LP	Master Ltd Part	29102H108	1,151	170,000	SH		SOLE		170,000	0	0
Emerson Electric Co	Common Stock	291011104	500	11,310	SH		SOLE		11,310	0	0
Enbridge Energy Partners	Master Ltd Part	29250R106	59,399	2,402,861	SH		SOLE		2,402,861	0	0
Enbridge Inc	Foreign Common	29250N105	69,405	1,869,241	SH		SOLE		1,869,241	0	0
Energy Transfer Equity LP	Master Ltd Part	29273V100	21,743	1,044,832	SH		SOLE		1,044,832	0	0
Energy Transfer Partners	Master Ltd Part	29273R109	68,874	1,676,992	SH		SOLE		1,676,992	0	0
Enlink Midstream Partners LP	Master Ltd Part	29336U107	27,838	1,766,399	SH		SOLE		1,766,399	0	0
Enterprise Prods Prtnrs	Master Ltd Part	293792107	43,555	1,749,200	SH		SOLE		1,749,200	0	0
Enviva Partners LP	Master Ltd Part	29414J107	1,875	150,000	SH		SOLE		150,000	0	0
EQT Gp Holdings LP	Master Ltd Part	26885J103	6,092	267,900	SH		SOLE		267,900	0	0
EQT Midstream Partners LP	Master Ltd Part	26885B100	16,649	251,000	SH		SOLE		251,000	0	0
Equity Lifestyle Properties	REIT	29472R108	25,022	427,209	SH		SOLE		388,454	0	38,755
Equity Residential	REIT	29476L107	118,351	1,575,493	SH		SOLE		1,373,455	0	202,038
Essex Property Trust	REIT	297178105	118,632	530,982	SH		SOLE		472,427	0	58,555
EV Energy Partners LP	Master Ltd Part	26926V107	1,309	218,110	SH		SOLE		218,110	0	0
Eversource Energy	Common Stock	30040W108	104,393	2,062,290	SH		SOLE		2,062,290	0	0
Extra Space Storage Inc	REIT	30225T102	80,622	1,044,873	SH		SOLE		936,695	0	108,178
Exxon Mobil Corp	Common Stock	30231G102	5,351	71,975	SH		SOLE		71,975	0	0
Facebook Inc	Common Stock	30303M102	3,485	38,765	SH		SOLE		38,765	0	0
Federal Realty Invs Trust	REIT	313747206	73,072	535,525	SH		SOLE		474,750	0	60,775
Fedex Corp	Common Stock	31428X106	647	4,495	SH		SOLE		4,495	0	0
Ford Motor Co	Common Stock	345370860	913	67,280	SH		SOLE		67,280	0	0
Frontier Communications Corp	Common Stock	35906A108	36,444	7,672,491	SH		SOLE		7,672,491	0	0
Gaslog Partners LP	Master Ltd Part	Y2687W108	17,829	1,105,330	SH		SOLE		1,105,330	0	0
General Dynamics Corp	Common Stock	369550108	721	5,230	SH		SOLE		5,230	0	0
General Electric Co	Common Stock	369604103	4,398	174,398	SH		SOLE		174,398	0	0
General Growth Pptys Inc	REIT	370023103	80,569	3,102,396	SH		SOLE		2,775,246	0	327,150
General Motors Co	Common Stock	37045V100	743	24,760	SH		SOLE		24,760	0	0
Genesis Energy LP	Master Ltd Part	371927104	26,424	689,200	SH		SOLE		689,200	0	0
Gilead Sciences Inc	Common Stock	375558103	2,491	25,365	SH		SOLE		25,365	0	0
Goldman Sachs Group Inc	Common Stock	38141G104	1,200	6,905	SH		SOLE		6,905	0	0
Google Inc	Common Stock	38259P508	3,205	5,020	SH		SOLE		5,020	0	0
Google Inc	Common Stock	38259P706	3,062	5,033	SH		SOLE		5,033	0	0
Great Plains Energy Inc	Common Stock	391164100	67,550	2,500,000	SH		SOLE		2,500,000	0	0
Halliburton Co	Common Stock	406216101	518	14,660	SH		SOLE		14,660	0	0
HCP Inc	REIT	40414L109	16,625	446,316	SH		SOLE		407,563	0	38,753
Hewlett-Packard Co	Common Stock	428236103	797	31,115	SH		SOLE		31,115	0	0
Highwoods Properties Inc	REIT	431284108	44,447	1,147,022	SH		SOLE		1,028,296	0	118,726
Home Depot Inc	Common Stock	437076102	2,561	22,175	SH		SOLE		22,175	0	0
Honeywell International Inc	Common Stock	438516106	1,280	13,520	SH		SOLE		13,520	0	0
Host Hotels & Resorts Inc	REIT	44107P104	63,317	4,004,875	SH		SOLE		3,608,582	0	396,293
Intel Corp	Common Stock	458140100	2,474	82,100	SH		SOLE		82,100	0	0
Intl Business Machines Corp	Common Stock	459200101	2,268	15,645	SH		SOLE		15,645	0	0
iShares	Common Stock	464287150	8,795	100,360	SH		SOLE		100,360	0	0
iShares	Exchange Traded	464287606	6,632	42,220	SH		SOLE		42,220	0	0
iShares	Exchange Traded	464287630	11,672	129,540	SH		SOLE		129,540	0	0
iShares	Exchange Traded	464287648	6,179	46,120	SH		SOLE		46,120	0	0
iShares	Exchange Traded	464287705	12,544	108,740	SH		SOLE		108,740	0	0
iShares	Exchange Traded	464288646	119,912	1,140,610	SH		SOLE		1,140,610	0	0
J P Morgan Chase & Co	Common Stock	46625H100	3,894	63,870	SH		SOLE		63,870	0	0
Johnson & Johnson	Common Stock	478160104	4,464	47,820	SH		SOLE		47,820	0	0
Kilroy Realty Corp	REIT	49427F108	82,146	1,260,683	SH		SOLE		1,131,160	0	129,523
Kinder Morgan Inc	Common Stock	49456B101	98,473	3,557,546	SH		SOLE		3,557,546	0	0
Knot Offshore Prtnrs LP	Master Ltd Part	Y48125101	9,243	624,500	SH		SOLE		624,500	0	0
Laclede Group Inc/The	Common Stock	505597104	27,265	500,000	SH		SOLE		500,000	0	0
Lasalle Hotel Properties	REIT	517942108	45,933	1,617,946	SH		SOLE		1,453,842	0	164,104
Liberty Property Trust	REIT	531172104	54,928	1,743,188	SH		SOLE		1,561,658	0	181,530
Lilly [Eli] & Co	Common Stock	532457108	1,411	16,855	SH		SOLE		16,855	0	0
Lockheed Martin Corp	Common Stock	539830109	944	4,555	SH		SOLE		4,555	0	0
Lowe's Companies Inc	Common Stock	548661107	1,099	15,950	SH		SOLE		15,950	0	0
Macerich Co	REIT	554382101	9,324	121,371	SH		SOLE		108,691	0	12,680
Magellan Midstream Partn LP	Master Ltd Part	559080106	24,122	401,290	SH		SOLE		401,290	0	0
Markwest Energy Partners LP	Master Ltd Part	570759100	54,560	1,271,500	SH		SOLE		1,271,500	0	0
MasterCard Inc	Common Stock	57636Q104	1,552	17,220	SH		SOLE		17,220	0	0
McDonald's Corp	Common Stock	580135101	1,601	16,250	SH		SOLE		16,250	0	0
Medtronic PLC	Common Stock	G5960L103	1,640	24,500	SH		SOLE		24,500	0	0
Memorial Production Prtrs LP	Master Ltd Part	586048100	2,862	595,000	SH		SOLE		595,000	0	0
Merck & Co Inc.	Common Stock	58933Y105	2,404	48,683	SH		SOLE		48,683	0	0
Metlife Inc	Common Stock	59156R108	910	19,310	SH		SOLE		19,310	0	0
Microsoft Corp	Common Stock	594918104	6,115	138,150	SH		SOLE		138,150	0	0
Mondelez International Inc	Common Stock	609207105	1,165	27,836	SH		SOLE		27,836	0	0
Monsanto Co	Common Stock	61166W101	686	8,040	SH		SOLE		8,040	0	0
Morgan Stanley	Common Stock	617446448	827	26,245	SH		SOLE		26,245	0	0
NextEra Energy Inc	Common Stock	65339F101	106,108	1,087,725	SH		SOLE		1,087,725	0	0
NGL Energy Partners Lp	Master Ltd Part	62913M107	4,793	240,000	SH		SOLE		240,000	0	0
Nike Inc	Common Stock	654106103	1,441	11,720	SH		SOLE		11,720	0	0
Nippon Telegraph & Telephone	ADRs	654624105	3,091	87,525	SH		SOLE		87,525	0	0
Nisource Inc	Common Stock	65473P105	37,413	2,016,890	SH		SOLE		2,016,890	0	0
Norfolk Southern Corp	Common Stock	655844108	399	5,220	SH		SOLE		5,220	0	0
Northern Tier Energy LP	Master Ltd Part	665826103	13,691	600,476	SH		SOLE		600,476	0	0
Northwest Natural Gas Co	Common Stock	667655104	36,672	800,000	SH		SOLE		800,000	0	0
Nustar Energy LP	Master Ltd Part	67058H102	39,294	876,716	SH		SOLE		876,716	0	0
Occidental Petroleum Corp	Common Stock	674599105	871	13,165	SH		SOLE		13,165	0	0
OGE Energy Corp	Common Stock	670837103	62,928	2,300,000	SH		SOLE		2,300,000	0	0
Oneok Partners	Master Ltd Part	68268N103	7,148	244,291	SH		SOLE		244,291	0	0
Oracle Corp	Common Stock	68389X105	2,028	56,160	SH		SOLE		56,160	0	0
Paramount Group Inc	REIT	69924R108	19,917	1,185,559	SH		SOLE		1,074,467	0	111,092
PayPal Holdings Inc	Common Stock	70450Y103	596	19,200	SH		SOLE		19,200	0	0
Pebblebrook Hotel Trust	REIT	70509V100	55,915	1,577,281	SH		SOLE		1,411,773	0	165,508
Pepsico Inc	Common Stock	713448108	2,389	25,335	SH		SOLE		25,335	0	0
Pfizer Inc	Common Stock	717081103	3,345	106,503	SH		SOLE		106,503	0	0
Philip Morris International	Common Stock	718172109	2,123	26,765	SH		SOLE		26,765	0	0
Piedmont Natural Gas Co	Common Stock	720186105	40,070	1,000,000	SH		SOLE		1,000,000	0	0
Plains All Amer Pipelne LP	Master Ltd Part	726503105	30,490	1,003,610	SH		SOLE		1,003,610	0	0
Plains GP Holdings LP	Master Ltd Part	72651A108	9,573	547,010	SH		SOLE		547,010	0	0
Portland General Electric Co	Common Stock	736508847	77,324	2,091,530	SH		SOLE		2,091,530	0	0
PPL Corp	Common Stock	69351T106	57,722	1,755,000	SH		SOLE		1,755,000	0	0
Priceline.Com Inc	Common Stock	741503403	1,039	840	SH		SOLE		840	0	0
Procter & Gamble Co	Common Stock	742718109	3,372	46,870	SH		SOLE		46,870	0	0
Prologis Inc	REIT	74340W103	101,177	2,600,964	SH		SOLE		2,274,439	0	326,525
Public Service Entrp Grp Inc	Common Stock	744573106	79,549	1,886,830	SH		SOLE		1,886,830	0	0
Public Storage	REIT	74460D109	101,615	480,156	SH		SOLE		418,372	0	61,784
Qualcomm Inc	Common Stock	747525103	1,465	27,260	SH		SOLE		27,260	0	0
Questar Corp	Common Stock	748356102	38,714	1,994,535	SH		SOLE		1,994,535	0	0
Raytheon Co	Common Stock	755111507	573	5,240	SH		SOLE		5,240	0	0
Regency Centers Corp	REIT	758849103	51,616	830,500	SH		SOLE		742,100	0	88,400
RLJ Lodging Trust	REIT	74965L101	48,122	1,904,300	SH		SOLE		1,778,600	0	125,700
Schlumberger Ltd	Common Stock	806857108	1,505	21,825	SH		SOLE		21,825	0	0
Seadrill Partners LLC	Master Ltd Part	Y7545W109	7,572	805,584	SH		SOLE		805,584	0	0
Sempra Energy	Common Stock	816851109	93,568	967,410	SH		SOLE		967,410	0	0
Shell Midstream Prtnrs	Master Ltd Part	822634101	6,879	233,725	SH		SOLE		233,725	0	0
Simon Property Group Inc	REIT	828806109	197,667	1,075,912	SH		SOLE		937,994	0	137,918
SL Green Realty Corp	REIT	78440X101	24,620	227,630	SH		SOLE		199,281	0	28,349
Southern Co	Common Stock	842587107	108,710	2,431,980	SH		SOLE		2,431,980	0	0
Spectra Energy Corp	Common Stock	847560109	55,330	2,106,190	SH		SOLE		2,106,190	0	0
Starbucks Corp	Common Stock	855244109	1,457	25,630	SH		SOLE		25,630	0	0
Suncoke Energy Partners LP	Master Ltd Part	86722Y101	2,197	198,785	SH		SOLE		198,785	0	0
Sunoco Logistics Partners LP	Master Ltd Part	86764L108	21,274	742,300	SH		SOLE		742,300	0	0
Sunoco Lp	Master Ltd Part	86765K109	3,724	110,000	SH		SOLE		110,000	0	0
Tallgrass Energy Gp LP	Master Ltd Part	874696107	7,700	387,500	SH		SOLE		387,500	0	0
Tallgrass Energy Prt LP	Master Ltd Part	874697105	22,788	580,000	SH		SOLE		580,000	0	0
Tanger Factory Outlet Centers	REIT	875465106	73,229	2,221,094	SH		SOLE		2,033,824	0	187,270
Targa Resources Corp	Common Stock	87612G101	6,477	125,720	SH		SOLE		125,720	0	0
Targa Resources Partners	Master Ltd Part	87611X105	42,109	1,450,038	SH		SOLE		1,450,038	0	0
Target Corp	Common Stock	87612E106	860	10,935	SH		SOLE		10,935	0	0
TC Pipelines LP	Master Ltd Part	87233Q108	16,973	356,497	SH		SOLE		356,497	0	0
Teekay LNG Partners	Master Ltd Part	Y8564M105	18,357	767,428	SH		SOLE		767,428	0	0
Teekay Offshore Partners	Master Ltd Part	Y8565J101	5,539	384,919	SH		SOLE		384,919	0	0
Tesoro Logistics LP	Master Ltd Part	88160T107	27,061	601,351	SH		SOLE		601,351	0	0
Texas Instruments Inc	Common Stock	882508104	882	17,815	SH		SOLE		17,815	0	0
Time Warner Inc	Common Stock	887317303	973	14,146	SH		SOLE		14,146	0	0
Transcanada Corp	Foreign Common	89353D107	37,382	1,183,713	SH		SOLE		1,183,713	0	0
Twenty-First Century Fox Inc	Common Stock	90130A101	783	29,020	SH		SOLE		29,020	0	0
U S Bancorp	Common Stock	902973304	1,175	28,652	SH		SOLE		28,652	0	0
Union Pacific Corp	Common Stock	907818108	1,329	15,030	SH		SOLE		15,030	0	0
United Parcel Service	Common Stock	911312106	1,187	12,025	SH		SOLE		12,025	0	0
United Technologies Corp	Common Stock	913017109	1,274	14,320	SH		SOLE		14,320	0	0
UnitedHealth Group Inc	Common Stock	91324P102	1,912	16,485	SH		SOLE		16,485	0	0
Valero Energy Prtnrs LP	Master Ltd Part	91914J102	8,057	182,440	SH		SOLE		182,440	0	0
Vanguard	Exchange Traded	922042775	19,711	462,365	SH		SOLE		462,365	0	0
Vanguard	Exchange Traded	922042858	4,403	133,060	SH		SOLE		133,060	0	0
Vanguard FTSE Developed Market	Exchange Traded	921943858	18,803	527,590	SH		SOLE		527,590	0	0
Vectren Corp	Common Stock	92240G101	65,842	1,567,300	SH		SOLE		1,567,300	0	0
Ventas Inc	REIT	92276F100	44,318	790,551	SH		SOLE		694,192	0	96,359
Verizon Communications Inc	Common Stock	92343V104	81,336	1,869,372	SH		SOLE		1,869,372	0	0
Visa Inc	Common Stock	92826C839	2,350	33,730	SH		SOLE		33,730	0	0
Vodafone Group PLC	ADRs	92857W308	31,073	978,993	SH		SOLE		978,993	0	0
Wal-Mart Stores	Common Stock	931142103	1,768	27,260	SH		SOLE		27,260	0	0
Walgreens Boots Alliance Inc	Common Stock	931427108	1,253	15,075	SH		SOLE		15,075	0	0
Walt Disney Co	Common Stock	254687106	2,736	26,770	SH		SOLE		26,770	0	0
WEC Energy Group Inc	Common Stock	92939U106	71,228	1,364,000	SH		SOLE		1,364,000	0	0
Wells Fargo & Co	Common Stock	949746101	2,305	44,894	SH		SOLE		44,894	0	0
Welltower Inc	REIT	95040Q104	639	9,439	SH		SOLE		9,439	0	0
Westar Energy Inc	Common Stock	95709T100	108,785	2,830,000	SH		SOLE		2,830,000	0	0
Western Gas Partners LP	Master Ltd Part	958254104	20,329	434,200	SH		SOLE		434,200	0	0
Westlake Chemical Partners	Master Ltd Part	960417103	6,892	393,800	SH		SOLE		393,800	0	0
WGL Holdings Inc	Common Stock	92924F106	57,670	1,000,000	SH		SOLE		1,000,000	0	0
Williams Cos Inc	Common Stock	969457100	39,815	1,080,464	SH		SOLE		1,080,464	0	0
Williams Partners LP	Master Ltd Part	96949L105	52,342	1,639,784	SH		SOLE		1,639,784	0	0
Windstream Holdings Inc	Common Stock	97382A200	17,406	2,834,866	SH		SOLE		2,834,866	0	0
XCEL Energy Inc	Common Stock	98389B100	84,984	2,400,000	SH		SOLE		2,400,000	0	0