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	1,371	8,230	SH		SOLE		8,230	0	0
Abbott Laboratories	Common Stock	002824100	825	19,730	SH		SOLE		19,730	0	0
Abbvie Inc.	Common Stock	00287Y109	1,242	21,750	SH		SOLE		21,750	0	0
Accenture Ltd	Common Stock	G1151C101	949	8,225	SH		SOLE		8,225	0	0
Allergan PLC	Common Stock	G0177J108	1,387	5,175	SH		SOLE		5,175	0	0
Allete Inc	Common Stock	018522300	2,215	39,500	SH		OTR	1	0	39,500	0
Alliant Energy Corp	Common Stock	018802108	111,420	1,500,000	SH		SOLE		1,500,000	0	0
Allstate Corp	Common Stock	020002101	353	5,240	SH		SOLE		5,240	0	0
Alphabet Inc	Common Stock	02079K107	3,010	4,041	SH		SOLE		4,041	0	0
Alphabet Inc	Common Stock	02079K305	3,029	3,970	SH		SOLE		3,970	0	0
Altria Group Inc	Common Stock	02209S103	1,633	26,060	SH		SOLE		26,060	0	0
Amazon.Com Inc	Common Stock	023135106	3,022	5,090	SH		SOLE		5,090	0	0
Ameren Corp	Common Stock	023608102	90,180	1,800,000	SH		SOLE		1,800,000	0	0
American Campus Communities	REIT	024835100	28,329	601,585	SH		OTR	1	124,928	418,342	58,315
American Electric Power	Common Stock	025537101	62,613	942,965	SH		OTR	1	900,000	42,965	0
American Express Co	Common Stock	025816109	687	11,185	SH		SOLE		11,185	0	0
American Homes 4 Rent	REIT	02665T306	34,196	2,150,750	SH		OTR	1	399,900	1,510,700	240,150
American International Group	Common Stock	026874784	858	15,870	SH		SOLE		15,870	0	0
American Tower REIT Inc	REIT	03027X100	6,162	60,195	SH		OTR	1	0	60,195	0
American Water Works Co	Common Stock	030420103	73,485	1,066,085	SH		OTR	1	1,000,000	66,085	0
Amerigas Partners LP	Master Ltd Part	030975106	3,956	91,000	SH		SOLE		91,000	0	0
Amgen Inc	Common Stock	031162100	1,510	10,070	SH		SOLE		10,070	0	0
Anadarko Petroleum Corp	Common Stock	032511107	380	8,170	SH		SOLE		8,170	0	0
Antero Midstream Prtnrs LP	Master Ltd Part	03673L103	11,121	503,000	SH		SOLE		503,000	0	0
Apple Computer Inc	Common Stock	037833100	7,406	67,955	SH		SOLE		67,955	0	0
AT & T Inc.	Common Stock	00206R102	126,659	3,233,579	SH		OTR	1	2,958,399	275,180	0
Atmos Energy Corp	Common Stock	049560105	40,511	545,535	SH		OTR	1	500,000	45,535	0
Avalonbay Communities Inc	REIT	053484101	106,564	560,276	SH		OTR	1	107,624	384,302	68,350
Bank of America Corp	Common Stock	060505104	1,873	138,535	SH		SOLE		138,535	0	0
Bank of New York Mellon Corp	Common Stock	064058100	265	7,190	SH		SOLE		7,190	0	0
BCE Inc	Foreign Common	05534B760	81,636	1,792,607	SH		OTR	1	1,749,200	43,407	0
Berkshire Hathaway	Common Stock	084670702	1,742	12,275	SH		SOLE		12,275	0	0
Biogen Inc	Common Stock	09062X103	802	3,080	SH		SOLE		3,080	0	0
Black Hills Corp	Common Stock	092113109	62,445	1,038,505	SH		OTR	1	1,000,000	38,505	0
Blackrock Inc	Common Stock	09247X101	523	1,535	SH		SOLE		1,535	0	0
Boeing Co	Common Stock	097023105	1,066	8,395	SH		SOLE		8,395	0	0
Boston Properties Inc	REIT	101121101	72,935	573,927	SH		OTR	1	110,095	391,592	72,240
Bristol-Myers Squibb Co	Common Stock	110122108	1,413	22,115	SH		SOLE		22,115	0	0
Brixmor Property Group Inc	REIT	11120U105	40,791	1,592,137	SH		OTR	1	315,664	1,119,193	157,280
Camden Property Trust	REIT	133131102	30,544	363,223	SH		OTR	1	70,348	245,308	47,567
Capital One Financial Co	Common Stock	14040H105	493	7,110	SH		SOLE		7,110	0	0
Caterpillar Inc	Common Stock	149123101	593	7,745	SH		SOLE		7,745	0	0
Celgene Corp	Common Stock	151020104	1,046	10,450	SH		SOLE		10,450	0	0
Centerpoint Energy Inc	Common Stock	15189T107	64,252	3,071,300	SH		SOLE		3,071,300	0	0
CenturyLink Inc	Common Stock	156700106	25,568	800,000	SH		SOLE		800,000	0	0
Cheniere Energy Partners LP	Master Ltd Part	16411Q101	2,307	80,000	SH		SOLE		80,000	0	0
Chevron Corp	Common Stock	166764100	2,384	24,985	SH		SOLE		24,985	0	0
Cisco Systems Inc	Common Stock	17275R102	1,917	67,350	SH		SOLE		67,350	0	0
Citigroup Inc	Common Stock	172967424	1,651	39,541	SH		SOLE		39,541	0	0
CMS Energy Corp	Common Stock	125896100	109,490	2,579,870	SH		OTR	1	2,500,000	79,870	0
Coca-Cola Co	Common Stock	191216100	2,413	52,020	SH		SOLE		52,020	0	0
Colgate-Palmolive Co	Common Stock	194162103	839	11,870	SH		SOLE		11,870	0	0
Columbia Pipeline Group Inc	Common Stock	198280109	62,938	2,507,500	SH		SOLE		2,507,500	0	0
Columbia Pipeline Prtn LP	Master Ltd Part	198281107	9,052	620,000	SH		SOLE		620,000	0	0
Comcast Corp	Common Stock	20030N101	1,978	32,390	SH		SOLE		32,390	0	0
Communications Sales & Leasing	REIT	20341J104	42,708	1,919,440	SH		SOLE		1,919,440	0	0
Conocophillips	Common Stock	20825C104	660	16,400	SH		SOLE		16,400	0	0
Coresite Realty Corp	REIT	21870Q105	19,172	273,850	SH		OTR	1	57,725	183,800	32,325
Costco Wholesale Corp	Common Stock	22160K105	915	5,805	SH		SOLE		5,805	0	0
Cousins Properties Inc	REIT	222795106	33,487	3,226,050	SH		OTR	1	635,200	2,268,450	322,400
Crestwood Equity Partners	Master Ltd Part	226344208	3,113	266,783	SH		SOLE		266,783	0	0
Crown Castle Intl Corp	REIT	22822V101	80,541	931,105	SH		OTR	1	855,000	76,105	0
CubeSmart	REIT	229663109	30,860	926,700	SH		OTR	1	188,550	626,600	111,550
CVS Health Corp	Common Stock	126650100	1,523	14,685	SH		SOLE		14,685	0	0
DCP Midstream Partners	Master Ltd Part	23311P100	25,193	925,184	SH		SOLE		925,184	0	0
DCT Industrial	REIT	233153204	78,796	1,996,355	SH		OTR	1	394,272	1,383,332	218,751
DDR Corp	REIT	23317H102	277	15,579	SH		SOLE		15,579	0	0
Digital Realty Trust Inc	REIT	253868103	46,133	521,325	SH		OTR	1	107,375	354,400	59,550
Dominion Midstrm Prtnrs LP	Master Ltd Part	257454108	12,187	361,100	SH		SOLE		361,100	0	0
Dominion Resources Inc	Common Stock	25746U109	3,153	41,973	SH		OTR	1	1,100	40,873	0
Douglas Emmett Inc	REIT	25960P109	54,854	1,821,771	SH		OTR	1	352,883	1,280,993	187,895
DOW Chemical Co	Common Stock	260543103	761	14,970	SH		SOLE		14,970	0	0
DTE Energy Co	Common Stock	233331107	146,132	1,611,875	SH		OTR	1	1,578,000	33,875	0
DU Pont [E I] De Nemours	Common Stock	263534109	736	11,630	SH		SOLE		11,630	0	0
Duke Realty Corp	REIT	264411505	39,217	1,739,835	SH		OTR	1	337,825	1,177,535	224,475
Edison International	Common Stock	281020107	74,874	1,041,510	SH		OTR	1	1,000,000	41,510	0
EMC Corp	Common Stock	268648102	685	25,685	SH		SOLE		25,685	0	0
Emerson Electric Co	Common Stock	291011104	473	8,690	SH		SOLE		8,690	0	0
Enbridge Energy Partners	Master Ltd Part	29250R106	38,708	2,112,861	SH		SOLE		2,112,861	0	0
Enbridge Inc	Foreign Common	29250N105	71,552	1,838,901	SH		OTR	1	1,604,800	234,101	0
Energy Transfer Equity LP	Master Ltd Part	29273V100	7,419	1,040,532	SH		SOLE		1,040,532	0	0
Energy Transfer Partners	Master Ltd Part	29273R109	52,543	1,624,692	SH		SOLE		1,624,692	0	0
Enlink Midstream Partners LP	Master Ltd Part	29336U107	19,751	1,636,399	SH		SOLE		1,636,399	0	0
Enterprise Prods Prtnrs	Master Ltd Part	293792107	48,275	1,960,800	SH		SOLE		1,960,800	0	0
EQT Gp Holdings LP	Master Ltd Part	26885J103	7,244	268,600	SH		SOLE		268,600	0	0
EQT Midstream Partners LP	Master Ltd Part	26885B100	18,682	251,000	SH		SOLE		251,000	0	0
Equity Lifestyle Properties	REIT	29472R108	28,300	389,109	SH		OTR	1	77,587	272,867	38,655
Equity Residential	REIT	29476L107	112,504	1,499,443	SH		OTR	1	279,682	1,030,623	189,138
Essex Property Trust	REIT	297178105	121,626	520,082	SH		OTR	1	99,448	362,804	57,830
Eversource Energy	Common Stock	30040W108	108,062	1,852,285	SH		OTR	1	1,800,000	52,285	0
Exelon Corp	Common Stock	30161N101	215	5,995	SH		SOLE		5,995	0	0
Extra Space Storage Inc	REIT	30225T102	61,480	657,823	SH		OTR	1	123,351	450,244	84,228
Exxon Mobil Corp	Common Stock	30231G102	4,631	55,405	SH		SOLE		55,405	0	0
Facebook Inc	Common Stock	30303M102	3,444	30,185	SH		SOLE		30,185	0	0
Federal Realty Invs Trust	REIT	313747206	69,922	448,075	SH		OTR	1	86,300	310,700	51,075
Fedex Corp	Common Stock	31428X106	567	3,485	SH		SOLE		3,485	0	0
Ford Motor Co	Common Stock	345370860	697	51,660	SH		SOLE		51,660	0	0
Frontier Communications Corp	Common Stock	35906A108	42,889	7,672,491	SH		SOLE		7,672,491	0	0
Gaslog Partners LP	Master Ltd Part	Y2687W108	17,758	1,067,830	SH		SOLE		1,067,830	0	0
General Dynamics Corp	Common Stock	369550108	522	3,970	SH		SOLE		3,970	0	0
General Electric Co	Common Stock	369604103	3,994	125,628	SH		SOLE		125,628	0	0
General Growth Pptys Inc	REIT	370023103	58,535	1,968,896	SH		OTR	1	379,621	1,334,075	255,200
General Motors Co	Common Stock	37045V100	590	18,760	SH		SOLE		18,760	0	0
Genesis Energy LP	Master Ltd Part	371927104	28,023	881,500	SH		SOLE		881,500	0	0
Gilead Sciences Inc	Common Stock	375558103	1,713	18,650	SH		SOLE		18,650	0	0
Goldman Sachs Group Inc	Common Stock	38141G104	828	5,275	SH		SOLE		5,275	0	0
Great Plains Energy Inc	Common Stock	391164100	80,625	2,500,000	SH		SOLE		2,500,000	0	0
Halliburton Co	Common Stock	406216101	405	11,340	SH		SOLE		11,340	0	0
HCP Inc	REIT	40414L109	578	17,753	SH		SOLE		17,753	0	0
Healthcare Trust Of America	REIT	42225P501	19,721	670,323	SH		OTR	1	141,164	470,925	58,234
Highwoods Properties Inc	REIT	431284108	53,850	1,126,322	SH		OTR	1	223,588	789,208	113,526
Home Depot Inc	Common Stock	437076102	2,253	16,885	SH		SOLE		16,885	0	0
Honeywell International Inc	Common Stock	438516106	1,150	10,265	SH		SOLE		10,265	0	0
Host Hotels & Resorts Inc	REIT	44107P104	57,564	3,446,975	SH		OTR	1	698,407	2,362,675	385,893
Intel Corp	Common Stock	458140100	2,029	62,720	SH		SOLE		62,720	0	0
Intl Business Machines Corp	Common Stock	459200101	1,808	11,935	SH		SOLE		11,935	0	0
iShares	Common Stock	464287150	23,754	254,540	SH		SOLE		254,540	0	0
iShares	Exchange Traded	464287606	6,865	42,220	SH		SOLE		42,220	0	0
iShares	Exchange Traded	464287630	12,210	130,990	SH		SOLE		130,990	0	0
iShares	Exchange Traded	464287648	6,146	46,320	SH		SOLE		46,320	0	0
iShares	Exchange Traded	464287705	13,662	110,140	SH		SOLE		110,140	0	0
iShares	Exchange Traded	464288646	33,646	319,160	SH		SOLE		319,160	0	0
J P Morgan Chase & Co	Common Stock	46625H100	2,899	48,945	SH		SOLE		48,945	0	0
Johnson & Johnson	Common Stock	478160104	3,983	36,815	SH		SOLE		36,815	0	0
Kilroy Realty Corp	REIT	49427F108	82,586	1,334,833	SH		OTR	1	258,294	934,916	141,623
Kinder Morgan Inc	Common Stock	49456B101	68,831	3,853,881	SH		OTR	1	3,372,160	481,721	0
Knot Offshore Prtnrs LP	Master Ltd Part	Y48125101	10,086	615,000	SH		SOLE		615,000	0	0
Laclede Group Inc/The	Common Stock	505597104	50,124	739,845	SH		OTR	1	700,000	39,845	0
Lasalle Hotel Properties	REIT	517942108	26,574	1,049,946	SH		OTR	1	210,193	746,299	93,454
Liberty Property Trust	REIT	531172104	40,211	1,201,763	SH		OTR	1	242,921	834,087	124,755
Lilly [Eli] & Co	Common Stock	532457108	933	12,950	SH		SOLE		12,950	0	0
Lockheed Martin Corp	Common Stock	539830109	782	3,530	SH		SOLE		3,530	0	0
Lowe's Companies Inc	Common Stock	548661107	924	12,200	SH		SOLE		12,200	0	0
Macerich Co	REIT	554382101	5,624	70,971	SH		OTR	1	25,317	43,424	2,230
Magellan Midstream Partn LP	Master Ltd Part	559080106	27,609	401,290	SH		SOLE		401,290	0	0
MasterCard Inc	Common Stock	57636Q104	1,246	13,180	SH		SOLE		13,180	0	0
McDonald's Corp	Common Stock	580135101	1,548	12,320	SH		SOLE		12,320	0	0
Medtronic PLC	Common Stock	G5960L103	1,400	18,670	SH		SOLE		18,670	0	0
Memorial Production Prtrs LP	Master Ltd Part	586048100	1,310	615,000	SH		SOLE		615,000	0	0
Merck & Co Inc.	Common Stock	58933Y105	1,963	37,093	SH		SOLE		37,093	0	0
Metlife Inc	Common Stock	59156R108	647	14,730	SH		SOLE		14,730	0	0
Microsoft Corp	Common Stock	594918104	5,875	106,370	SH		SOLE		106,370	0	0
Mondelez International Inc	Common Stock	609207105	849	21,167	SH		SOLE		21,167	0	0
Monsanto Co	Common Stock	61166W101	526	6,000	SH		SOLE		6,000	0	0
Morgan Stanley	Common Stock	617446448	499	19,955	SH		SOLE		19,955	0	0
MPLX LP	Master Ltd Part	55336V100	36,321	1,223,330	SH		SOLE		1,223,330	0	0
NextEra Energy Inc	Common Stock	65339F101	152,841	1,291,540	SH		OTR	1	1,219,200	72,340	0
NGL Energy Partners Lp	Master Ltd Part	62913M107	1,617	215,000	SH		SOLE		215,000	0	0
Nike Inc	Common Stock	654106103	1,102	17,920	SH		SOLE		17,920	0	0
Nippon Telegraph & Telephone	ADRs	654624105	3,182	73,600	SH		OTR	1	0	73,600	0
Nisource Inc	Common Stock	65473P105	47,072	1,997,955	SH		OTR	1	1,900,000	97,955	0
Norfolk Southern Corp	Common Stock	655844108	335	4,025	SH		SOLE		4,025	0	0
Northwest Natural Gas Co	Common Stock	667655104	43,080	800,000	SH		SOLE		800,000	0	0
Nustar Energy LP	Master Ltd Part	67058H102	35,783	885,716	SH		SOLE		885,716	0	0
Occidental Petroleum Corp	Common Stock	674599105	690	10,080	SH		SOLE		10,080	0	0
OGE Energy Corp	Common Stock	670837103	65,849	2,300,000	SH		SOLE		2,300,000	0	0
ONE Gas Inc	Common Stock	68235P108	1,741	28,490	SH		OTR	1	0	28,490	0
Oneok Partners	Master Ltd Part	68268N103	2,804	89,291	SH		SOLE		89,291	0	0
Oracle Corp	Common Stock	68389X105	1,745	42,650	SH		SOLE		42,650	0	0
Paramount Group Inc	REIT	69924R108	45,899	2,877,659	SH		OTR	1	563,311	2,072,056	242,292
PayPal Holdings Inc	Common Stock	70450Y103	567	14,690	SH		SOLE		14,690	0	0
Pebblebrook Hotel Trust	REIT	70509V100	41,584	1,430,521	SH		OTR	1	280,577	992,036	157,908
Pepsico Inc	Common Stock	713448108	1,985	19,370	SH		SOLE		19,370	0	0
Pfizer Inc	Common Stock	717081103	2,429	81,963	SH		SOLE		81,963	0	0
Philip Morris International	Common Stock	718172109	2,028	20,675	SH		SOLE		20,675	0	0
Phillips Petroleum Co	Master Ltd Part	718549207	5,320	85,000	SH		SOLE		85,000	0	0
Piedmont Natural Gas Co	Common Stock	720186105	59,830	1,000,000	SH		SOLE		1,000,000	0	0
Pinnacle West Capital Corp	Common Stock	723484101	8,438	112,400	SH		SOLE		112,400	0	0
Plains All Amer Pipelne LP	Master Ltd Part	726503105	21,255	1,013,610	SH		SOLE		1,013,610	0	0
Plains GP Holdings LP	Master Ltd Part	72651A108	4,675	538,040	SH		OTR	1	453,200	84,840	0
Portland General Electric Co	Common Stock	736508847	25,923	656,454	SH		OTR	1	656,454	0	0
PPL Corp	Common Stock	69351T106	46,445	1,220,000	SH		SOLE		1,220,000	0	0
Priceline.Com Inc	Common Stock	741503403	915	710	SH		SOLE		710	0	0
Procter & Gamble Co	Common Stock	742718109	2,978	36,185	SH		SOLE		36,185	0	0
Prologis Inc	REIT	74340W103	81,093	1,835,509	SH		OTR	1	367,736	1,245,748	222,025
Public Service Entrp Grp Inc	Common Stock	744573106	87,220	1,850,240	SH		OTR	1	1,800,000	50,240	0
Public Storage	REIT	74460D109	103,410	374,906	SH		OTR	1	70,770	251,527	52,609
Qualcomm Inc	Common Stock	747525103	1,019	19,920	SH		SOLE		19,920	0	0
Raytheon Co	Common Stock	755111507	489	3,990	SH		SOLE		3,990	0	0
Regency Centers Corp	REIT	758849103	59,182	790,675	SH		OTR	1	158,000	545,050	87,625
RLJ Lodging Trust	REIT	74965L101	39,696	1,734,949	SH		OTR	1	346,150	1,220,482	168,317
Schlumberger Ltd	Common Stock	806857108	1,231	16,685	SH		SOLE		16,685	0	0
Seadrill Partners LLC	Master Ltd Part	Y7545W109	2,281	655,584	SH		SOLE		655,584	0	0
Sempra Energy	Common Stock	816851109	99,495	956,225	SH		OTR	1	901,200	55,025	0
Shell Midstream Prtnrs	Master Ltd Part	822634101	15,081	411,925	SH		SOLE		411,925	0	0
Simon Property Group Inc	REIT	828806109	205,671	990,277	SH		OTR	1	178,974	680,310	130,993
SL Green Realty Corp	REIT	78440X101	19,334	199,566	SH		OTR	1	41,040	144,377	14,149
Southern Co	Common Stock	842587107	115,753	2,237,640	SH		SOLE		2,237,640	0	0
Spectra Energy Corp	Common Stock	847560109	63,924	2,089,035	SH		OTR	1	1,920,200	168,835	0
Starbucks Corp	Common Stock	855244109	1,173	19,640	SH		SOLE		19,640	0	0
Store Capital Corp	REIT	862121100	38,518	1,488,355	SH		OTR	1	299,049	1,093,903	95,403
Suncoke Energy Partners LP	Master Ltd Part	86722Y101	1,127	152,450	SH		SOLE		152,450	0	0
Sunoco Logistics Partners LP	Master Ltd Part	86764L108	19,996	797,600	SH		SOLE		797,600	0	0
Sunoco Lp	Master Ltd Part	86765K109	6,460	195,000	SH		SOLE		195,000	0	0
Tallgrass Energy Gp LP	Master Ltd Part	874696107	7,189	389,000	SH		SOLE		389,000	0	0
Tallgrass Energy Prt LP	Master Ltd Part	874697105	24,502	639,400	SH		SOLE		639,400	0	0
Tanger Factory Outlet Centers	REIT	875465106	71,208	1,956,806	SH		OTR	1	369,366	1,423,170	164,270
Targa Resources Corp	Common Stock	87612G101	28,189	944,043	SH		OTR	1	883,823	60,220	0
Target Corp	Common Stock	87612E106	681	8,275	SH		SOLE		8,275	0	0
TC Pipelines LP	Master Ltd Part	87233Q108	13,445	278,834	SH		SOLE		278,834	0	0
Teekay LNG Partners	Master Ltd Part	Y8564M105	1,314	103,657	SH		SOLE		103,657	0	0
Tesoro Logistics LP	Master Ltd Part	88160T107	26,773	586,351	SH		SOLE		586,351	0	0
Texas Instruments Inc	Common Stock	882508104	772	13,445	SH		SOLE		13,445	0	0
Time Warner Inc	Common Stock	887317303	780	10,748	SH		SOLE		10,748	0	0
Transcanada Corp	Foreign Common	89353D107	45,725	1,163,193	SH		OTR	1	1,000,000	163,193	0
Twenty-First Century Fox Inc	Common Stock	90130A101	486	17,435	SH		SOLE		17,435	0	0
U S Bancorp	Common Stock	902973304	886	21,822	SH		SOLE		21,822	0	0
Union Pacific Corp	Common Stock	907818108	908	11,410	SH		SOLE		11,410	0	0
United Parcel Service	Common Stock	911312106	974	9,235	SH		SOLE		9,235	0	0
United Technologies Corp	Common Stock	913017109	1,067	10,655	SH		SOLE		10,655	0	0
UnitedHealth Group Inc	Common Stock	91324P102	1,629	12,635	SH		SOLE		12,635	0	0
Valero Energy Prtnrs LP	Master Ltd Part	91914J102	14,636	309,040	SH		SOLE		309,040	0	0
Vanguard	Exchange Traded	922042775	20,296	470,365	SH		SOLE		470,365	0	0
Vanguard	Exchange Traded	922042858	4,854	140,360	SH		SOLE		140,360	0	0
Vanguard FTSE Developed Market	Exchange Traded	921943858	19,013	530,190	SH		SOLE		530,190	0	0
Vectren Corp	Common Stock	92240G101	78,683	1,556,230	SH		OTR	1	1,500,000	56,230	0
Ventas Inc	REIT	92276F100	54,440	864,676	SH		OTR	1	167,839	601,678	95,159
Verizon Communications Inc	Common Stock	92343V104	120,108	2,220,929	SH		OTR	1	2,020,536	200,393	0
Visa Inc	Common Stock	92826C839	1,975	25,830	SH		SOLE		25,830	0	0
Vodafone Group PLC	ADRs	92857W308	30,359	947,223	SH		OTR	1	782,200	165,023	0
Vtti Energy Partnrs LP	Master Ltd Part	Y9384M101	1,437	77,700	SH		SOLE		77,700	0	0
Walgreens Boots Alliance Inc	Common Stock	931427108	975	11,570	SH		SOLE		11,570	0	0
Wal-Mart Stores	Common Stock	931142103	1,427	20,835	SH		SOLE		20,835	0	0
Walt Disney Co	Common Stock	254687106	2,005	20,190	SH		SOLE		20,190	0	0
WEC Energy Group Inc	Common Stock	92939U106	126,646	2,108,315	SH		OTR	1	2,064,000	44,315	0
Wells Fargo & Co	Common Stock	949746101	1,519	31,400	SH		SOLE		31,400	0	0
Welltower Inc	REIT	95040Q104	20,301	292,766	SH		OTR	1	62,866	204,147	25,753
Westar Energy Inc	Common Stock	95709T100	127,403	2,568,093	SH		SOLE		2,568,093	0	0
Western Gas Partners LP	Master Ltd Part	958254104	21,375	492,400	SH		SOLE		492,400	0	0
Western Refining Lgs LP	Master Ltd Part	95931Q205	701	30,000	SH		SOLE		30,000	0	0
Westlake Chemical Partners	Master Ltd Part	960417103	7,219	366,460	SH		SOLE		366,460	0	0
WGL Holdings Inc	Common Stock	92924F106	72,370	1,000,000	SH		SOLE		1,000,000	0	0
Williams Cos Inc	Common Stock	969457100	2,941	182,999	SH		OTR	1	5,700	177,299	0
Williams Partners LP	Master Ltd Part	96949L105	28,695	1,403,184	SH		SOLE		1,403,184	0	0
Windstream Holdings Inc	Common Stock	97382A200	21,772	2,834,866	SH		SOLE		2,834,866	0	0
XCEL Energy Inc	Common Stock	98389B100	83,640	2,000,000	SH		SOLE		2,000,000	0	0