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	1,389	7,930	SH		SOLE		7,930	0	0
Abbott Laboratories	Common Stock	002824100	751	19,110	SH		SOLE		19,110	0	0
Abbvie Inc.	Common Stock	00287Y109	1,303	21,050	SH		SOLE		21,050	0	0
Accenture Ltd	Common Stock	G1151C101	913	8,055	SH		SOLE		8,055	0	0
Allergan PLC	Common Stock	G0177J108	1,162	5,030	SH		SOLE		5,030	0	0
Allete Inc	Common Stock	018522300	2,489	38,510	SH		OTR	1	0	38,510	0
Alliant Energy Corp	Common Stock	018802108	119,100	3,000,000	SH		SOLE		3,000,000	0	0
Allstate Corp	Common Stock	020002101	352	5,030	SH		SOLE		5,030	0	0
Alphabet Inc	Common Stock	02079K107	2,672	3,861	SH		SOLE		3,861	0	0
Alphabet Inc	Common Stock	02079K305	2,666	3,790	SH		SOLE		3,790	0	0
Altria Group Inc	Common Stock	02209S103	1,747	25,330	SH		SOLE		25,330	0	0
Amazon.Com Inc	Common Stock	023135106	3,539	4,945	SH		SOLE		4,945	0	0
Ameren Corp	Common Stock	023608102	96,444	1,800,000	SH		SOLE		1,800,000	0	0
American Campus Communities	REIT	024835100	30,394	574,885	SH		OTR	1	102,028	416,492	56,365
American Electric Power	Common Stock	025537101	66,017	941,885	SH		OTR	1	900,000	41,885	0
American Express Co	Common Stock	025816109	655	10,785	SH		SOLE		10,785	0	0
American Homes 4 Rent	REIT	02665T306	28,935	1,412,800	SH		OTR	1	266,300	1,024,450	122,050
American International Group	Common Stock	026874784	818	15,470	SH		SOLE		15,470	0	0
American Tower REIT Inc	REIT	03027X100	6,667	58,685	SH		OTR	1	0	58,685	0
American Water Works Co	Common Stock	030420103	89,955	1,064,425	SH		OTR	1	1,000,000	64,425	0
Amerigas Partners LP	Master Ltd Part	030975106	4,250	91,000	SH		SOLE		91,000	0	0
Amgen Inc	Common Stock	031162100	1,488	9,780	SH		SOLE		9,780	0	0
Antero Midstream Prtnrs LP	Master Ltd Part	03673L103	15,696	563,200	SH		SOLE		563,200	0	0
Apple Computer Inc	Common Stock	037833100	6,525	68,255	SH		SOLE		68,255	0	0
Aqua America Inc	Common Stock	03836W103	2,483	69,635	SH		OTR	1	0	69,635	0
AT & T Inc.	Common Stock	00206R102	98,980	2,290,669	SH		OTR	1	2,079,819	210,850	0
Atmos Energy Corp	Common Stock	049560105	44,270	544,390	SH		OTR	1	500,000	44,390	0
Avalonbay Communities Inc	REIT	053484101	62,586	346,951	SH		OTR	1	59,999	240,902	46,050
Bank of America Corp	Common Stock	060505104	1,780	134,135	SH		SOLE		134,135	0	0
Bank of New York Mellon Corp	Common Stock	064058100	258	6,640	SH		SOLE		6,640	0	0
BCE Inc	Foreign Common	05534B760	84,757	1,791,517	SH		OTR	1	1,749,200	42,317	0
Berkshire Hathaway	Common Stock	084670702	1,676	11,575	SH		SOLE		11,575	0	0
Biogen Inc	Common Stock	09062X103	704	2,910	SH		SOLE		2,910	0	0
Black Hills Corp	Common Stock	092113109	65,435	1,037,985	SH		OTR	1	1,000,000	37,985	0
Blackrock Inc	Common Stock	09247X101	526	1,535	SH		SOLE		1,535	0	0
Boeing Co	Common Stock	097023105	1,055	8,125	SH		SOLE		8,125	0	0
Boston Properties Inc	REIT	101121101	26,569	201,427	SH		OTR	1	34,245	133,242	33,940
Bristol-Myers Squibb Co	Common Stock	110122108	1,588	21,595	SH		SOLE		21,595	0	0
Brixmor Property Group Inc	REIT	11120U105	38,065	1,438,587	SH		OTR	1	247,014	1,061,993	129,580
Camden Property Trust	REIT	133131102	6,771	76,573	SH		OTR	1	11,748	50,108	14,717
Capital One Financial Co	Common Stock	14040H105	439	6,910	SH		SOLE		6,910	0	0
Caterpillar Inc	Common Stock	149123101	573	7,555	SH		SOLE		7,555	0	0
Celgene Corp	Common Stock	151020104	1,001	10,150	SH		SOLE		10,150	0	0
Centerpoint Energy Inc	Common Stock	15189T107	73,711	3,071,300	SH		SOLE		3,071,300	0	0
CenturyLink Inc	Common Stock	156700106	23,208	800,000	SH		SOLE		800,000	0	0
Cheniere Energy Partners LP	Master Ltd Part	16411Q101	3,298	110,000	SH		SOLE		110,000	0	0
Chevron Corp	Common Stock	166764100	2,552	24,345	SH		SOLE		24,345	0	0
Cisco Systems Inc	Common Stock	17275R102	1,875	65,360	SH		SOLE		65,360	0	0
Citigroup Inc	Common Stock	172967424	1,627	38,371	SH		SOLE		38,371	0	0
CMS Energy Corp	Common Stock	125896100	118,221	2,577,865	SH		OTR	1	2,500,000	77,865	0
Coca-Cola Co	Common Stock	191216100	2,289	50,500	SH		SOLE		50,500	0	0
Colgate-Palmolive Co	Common Stock	194162103	845	11,540	SH		SOLE		11,540	0	0
Columbia Pipeline Prtn LP	Master Ltd Part	198281107	9,300	620,000	SH		SOLE		620,000	0	0
Comcast Corp	Common Stock	20030N101	2,055	31,530	SH		SOLE		31,530	0	0
Communications Sales & Leasing	REIT	20341J104	55,472	1,919,440	SH		SOLE		1,919,440	0	0
Conocophillips	Common Stock	20825C104	697	15,990	SH		SOLE		15,990	0	0
Coresite Realty Corp	REIT	21870Q105	38,828	437,800	SH		OTR	1	81,825	322,800	33,175
Costco Wholesale Corp	Common Stock	22160K105	893	5,685	SH		SOLE		5,685	0	0
Cousins Properties Inc	REIT	222795106	24,120	2,319,200	SH		OTR	1	435,200	1,650,350	233,650
Crestwood Equity Partners	Master Ltd Part	226344208	3,866	191,783	SH		SOLE		191,783	0	0
Crown Castle Intl Corp	REIT	22822V101	94,248	929,190	SH		OTR	1	855,000	74,190	0
CubeSmart	REIT	229663109	41,637	1,348,325	SH		OTR	1	247,250	952,775	148,300
CVS Health Corp	Common Stock	126650100	1,367	14,275	SH		SOLE		14,275	0	0
Danaher Corp	Common Stock	235851102	790	7,825	SH		SOLE		7,825	0	0
DCP Midstream Partners	Master Ltd Part	23311P100	33,979	985,184	SH		SOLE		985,184	0	0
DCT Industrial	REIT	233153204	76,103	1,584,155	SH		OTR	1	289,122	1,121,832	173,201
Digital Realty Trust Inc	REIT	253868103	90,821	833,300	SH		OTR	1	149,800	596,150	87,350
Dominion Midstrm Prtnrs LP	Master Ltd Part	257454108	11,283	401,100	SH		SOLE		401,100	0	0
Dominion Resources Inc	Common Stock	25746U109	3,105	39,843	SH		OTR	1	0	39,843	0
Douglas Emmett Inc	REIT	25960P109	45,941	1,293,371	SH		OTR	1	240,533	900,893	151,945
DOW Chemical Co	Common Stock	260543103	722	14,520	SH		SOLE		14,520	0	0
DTE Energy Co	Common Stock	233331107	159,684	1,611,025	SH		OTR	1	1,578,000	33,025	0
DU Pont [E I] De Nemours	Common Stock	263534109	733	11,310	SH		SOLE		11,310	0	0
Duke Energy Corp	Common Stock	26441C204	365	4,260	SH		SOLE		4,260	0	0
Duke Realty Corp	REIT	264411505	63,227	2,371,635	SH		OTR	1	428,375	1,666,535	276,725
Edison International	Common Stock	281020107	80,813	1,040,470	SH		OTR	1	1,000,000	40,470	0
EMC Corp	Common Stock	268648102	682	25,105	SH		SOLE		25,105	0	0
Emerson Electric Co	Common Stock	291011104	437	8,380	SH		SOLE		8,380	0	0
Enbridge Energy Partners	Master Ltd Part	29250R106	47,278	2,037,861	SH		SOLE		2,037,861	0	0
Enbridge Inc	Foreign Common	29250N105	77,646	1,833,021	SH		OTR	1	1,604,800	228,221	0
Energy Transfer Equity LP	Master Ltd Part	29273V100	9,061	630,532	SH		SOLE		630,532	0	0
Energy Transfer Partners	Master Ltd Part	29273R109	63,184	1,659,692	SH		SOLE		1,659,692	0	0
Enlink Midstream Partners LP	Master Ltd Part	29336U107	27,546	1,656,399	SH		SOLE		1,656,399	0	0
Enterprise Prods Prtnrs	Master Ltd Part	293792107	58,543	2,000,800	SH		SOLE		2,000,800	0	0
EQT Gp Holdings LP	Master Ltd Part	26885J103	8,131	319,000	SH		SOLE		319,000	0	0
EQT Midstream Partners LP	Master Ltd Part	26885B100	18,951	236,000	SH		SOLE		236,000	0	0
Equinix Inc	REIT	29444U700	79,003	203,760	SH		OTR	1	43,160	158,350	2,250
Equity Lifestyle Properties	REIT	29472R108	31,085	388,334	SH		OTR	1	70,612	279,767	37,955
Equity Residential	REIT	29476L107	64,330	933,943	SH		OTR	1	163,332	647,923	122,688
Essex Property Trust	REIT	297178105	105,955	464,532	SH		OTR	1	82,148	331,654	50,730
Eversource Energy	Common Stock	30040W108	110,873	1,850,975	SH		OTR	1	1,800,000	50,975	0
Exelon Corp	Common Stock	30161N101	207	5,695	SH		SOLE		5,695	0	0
Extra Space Storage Inc	REIT	30225T102	59,852	646,773	SH		OTR	1	110,501	460,044	76,228
Exxon Mobil Corp	Common Stock	30231G102	5,039	53,755	SH		SOLE		53,755	0	0
Facebook Inc	Common Stock	30303M102	3,372	29,505	SH		SOLE		29,505	0	0
Federal Realty Invs Trust	REIT	313747206	61,092	369,025	SH		OTR	1	67,550	263,450	38,025
Fedex Corp	Common Stock	31428X106	506	3,335	SH		SOLE		3,335	0	0
Ford Motor Co	Common Stock	345370860	633	50,390	SH		SOLE		50,390	0	0
Frontier Communications Corp	Common Stock	35906A108	37,902	7,672,491	SH		SOLE		7,672,491	0	0
Gaslog Partners LP	Master Ltd Part	Y2687W108	19,129	1,007,830	SH		SOLE		1,007,830	0	0
General Dynamics Corp	Common Stock	369550108	536	3,850	SH		SOLE		3,850	0	0
General Electric Co	Common Stock	369604103	3,825	121,498	SH		SOLE		121,498	0	0
General Growth Pptys Inc	REIT	370023103	53,117	1,781,246	SH		OTR	1	319,221	1,240,875	221,150
General Motors Co	Common Stock	37045V100	516	18,250	SH		SOLE		18,250	0	0
Genesis Energy LP	Master Ltd Part	371927104	33,040	861,100	SH		SOLE		861,100	0	0
Gilead Sciences Inc	Common Stock	375558103	1,517	18,180	SH		SOLE		18,180	0	0
Goldman Sachs Group Inc	Common Stock	38141G104	761	5,125	SH		SOLE		5,125	0	0
Great Plains Energy Inc	Common Stock	391164100	76,000	2,500,000	SH		SOLE		2,500,000	0	0
Halliburton Co	Common Stock	406216101	502	11,080	SH		SOLE		11,080	0	0
HCP Inc	REIT	40414L109	628	17,753	SH		SOLE		17,753	0	0
Healthcare Realty Trust Inc	REIT	421946104	35,011	1,000,600	SH		OTR	1	185,071	704,288	111,241
Healthcare Trust Of America	REIT	42225P501	52,091	1,610,725	SH		OTR	1	295,575	1,180,250	134,900
Highwoods Properties Inc	REIT	431284108	56,634	1,072,622	SH		OTR	1	200,488	766,808	105,326
Home Depot Inc	Common Stock	437076102	2,100	16,445	SH		SOLE		16,445	0	0
Honeywell International Inc	Common Stock	438516106	1,163	9,995	SH		SOLE		9,995	0	0
Host Hotels & Resorts Inc	REIT	44107P104	26,747	1,649,975	SH		OTR	1	295,857	1,238,225	115,893
Intel Corp	Common Stock	458140100	2,002	61,040	SH		SOLE		61,040	0	0
Intl Business Machines Corp	Common Stock	459200101	1,755	11,565	SH		SOLE		11,565	0	0
iShares	Common Stock	464287150	29,153	306,070	SH		SOLE		306,070	0	0
iShares	Exchange Traded	464287606	7,140	42,220	SH		SOLE		42,220	0	0
iShares	Exchange Traded	464287630	12,745	130,990	SH		SOLE		130,990	0	0
iShares	Exchange Traded	464287648	6,354	46,320	SH		SOLE		46,320	0	0
iShares	Exchange Traded	464287705	14,103	110,140	SH		SOLE		110,140	0	0
iShares	Exchange Traded	464288646	33,860	319,160	SH		SOLE		319,160	0	0
J P Morgan Chase & Co	Common Stock	46625H100	2,954	47,545	SH		SOLE		47,545	0	0
Johnson & Johnson	Common Stock	478160104	4,333	35,725	SH		SOLE		35,725	0	0
Kilroy Realty Corp	REIT	49427F108	76,362	1,151,933	SH		OTR	1	209,794	819,816	122,323
Kinder Morgan Inc	Common Stock	49456B101	71,869	3,839,171	SH		OTR	1	3,369,550	469,621	0
Knot Offshore Prtnrs LP	Master Ltd Part	Y48125101	11,414	615,000	SH		SOLE		615,000	0	0
Lasalle Hotel Properties	REIT	517942108	6,593	279,602	SH		OTR	1	68,793	210,099	710
Liberty Property Trust	REIT	531172104	10,723	269,963	SH		OTR	1	54,521	178,687	36,755
Lilly [Eli] & Co	Common Stock	532457108	990	12,570	SH		SOLE		12,570	0	0
Lockheed Martin Corp	Common Stock	539830109	826	3,330	SH		SOLE		3,330	0	0
Lowe's Companies Inc	Common Stock	548661107	939	11,860	SH		SOLE		11,860	0	0
Macerich Co	REIT	554382101	331	3,880	SH		SOLE		3,880	0	0
Magellan Midstream Partn LP	Master Ltd Part	559080106	24,775	325,990	SH		SOLE		325,990	0	0
MasterCard Inc	Common Stock	57636Q104	1,124	12,760	SH		SOLE		12,760	0	0
McDonald's Corp	Common Stock	580135101	1,432	11,900	SH		SOLE		11,900	0	0
Medtronic PLC	Common Stock	G5960L103	1,577	18,170	SH		SOLE		18,170	0	0
Memorial Production Prtrs LP	Master Ltd Part	586048100	1,026	540,000	SH		SOLE		540,000	0	0
Merck & Co Inc.	Common Stock	58933Y105	2,076	36,033	SH		SOLE		36,033	0	0
Metlife Inc	Common Stock	59156R108	568	14,260	SH		SOLE		14,260	0	0
Microsoft Corp	Common Stock	594918104	5,263	102,850	SH		SOLE		102,850	0	0
Mondelez International Inc	Common Stock	609207105	932	20,487	SH		SOLE		20,487	0	0
Monsanto Co	Common Stock	61166W101	588	5,690	SH		SOLE		5,690	0	0
Morgan Stanley	Common Stock	617446448	509	19,575	SH		SOLE		19,575	0	0
MPLX LP	Master Ltd Part	55336V100	46,858	1,393,330	SH		SOLE		1,393,330	0	0
NextEra Energy Inc	Common Stock	65339F101	168,537	1,292,465	SH		OTR	1	1,221,940	70,525	0
NGL Energy Partners Lp	Master Ltd Part	62913M107	2,608	135,000	SH		SOLE		135,000	0	0
Nike Inc	Common Stock	654106103	963	17,440	SH		SOLE		17,440	0	0
Nippon Telegraph & Telephone	ADRs	654624105	3,378	71,750	SH		OTR	1	0	71,750	0
Nisource Inc	Common Stock	65473P105	52,921	1,995,495	SH		OTR	1	1,900,000	95,495	0
Northwest Natural Gas Co	Common Stock	667655104	51,856	800,000	SH		SOLE		800,000	0	0
Nustar Energy LP	Master Ltd Part	67058H102	44,109	885,716	SH		SOLE		885,716	0	0
Occidental Petroleum Corp	Common Stock	674599105	742	9,820	SH		SOLE		9,820	0	0
OGE Energy Corp	Common Stock	670837103	75,325	2,300,000	SH		SOLE		2,300,000	0	0
ONE Gas Inc	Common Stock	68235P108	1,849	27,770	SH		OTR	1	0	27,770	0
Oneok Inc	Common Stock	682680103	2,681	56,515	SH		OTR	1	3,400	53,115	0
Oneok Partners	Master Ltd Part	68268N103	10,087	251,791	SH		SOLE		251,791	0	0
Oracle Corp	Common Stock	68389X105	1,689	41,260	SH		SOLE		41,260	0	0
Paramount Group Inc	REIT	69924R108	45,805	2,873,609	SH		OTR	1	505,661	2,104,156	263,792
PayPal Holdings Inc	Common Stock	70450Y103	522	14,300	SH		SOLE		14,300	0	0
Pebblebrook Hotel Trust	REIT	70509V100	32,767	1,248,271	SH		OTR	1	238,377	871,736	138,158
Pepsico Inc	Common Stock	713448108	1,988	18,770	SH		SOLE		18,770	0	0
Pfizer Inc	Common Stock	717081103	2,783	79,033	SH		SOLE		79,033	0	0
Philip Morris International	Common Stock	718172109	2,040	20,055	SH		SOLE		20,055	0	0
Phillips Petroleum Co	Master Ltd Part	718549207	14,041	251,319	SH		SOLE		251,319	0	0
Piedmont Natural Gas Co	Common Stock	720186105	60,120	1,000,000	SH		SOLE		1,000,000	0	0
Pinnacle West Capital Corp	Common Stock	723484101	81,060	1,000,000	SH		SOLE		1,000,000	0	0
Plains All Amer Pipelne LP	Master Ltd Part	726503105	28,689	1,043,610	SH		SOLE		1,043,610	0	0
Plains GP Holdings LP	Master Ltd Part	72651A108	6,825	654,400	SH		SOLE		654,400	0	0
PPL Corp	Common Stock	69351T106	46,055	1,220,000	SH		SOLE		1,220,000	0	0
Priceline.Com Inc	Common Stock	741503403	737	590	SH		SOLE		590	0	0
Procter & Gamble Co	Common Stock	742718109	2,941	34,735	SH		SOLE		34,735	0	0
Prologis Inc	REIT	74340W103	56,236	1,146,734	SH		OTR	1	207,511	790,248	148,975
Public Service Entrp Grp Inc	Common Stock	744573106	83,898	1,800,000	SH		SOLE		1,800,000	0	0
Public Storage	REIT	74460D109	81,996	320,806	SH		OTR	1	57,845	218,927	44,034
Qualcomm Inc	Common Stock	747525103	1,038	19,370	SH		SOLE		19,370	0	0
Raytheon Co	Common Stock	755111507	532	3,910	SH		SOLE		3,910	0	0
Regency Centers Corp	REIT	758849103	62,703	748,875	SH		OTR	1	139,450	528,600	80,825
Rice Midstream Partners LP	Master Ltd Part	762819100	12,632	618,300	SH		SOLE		618,300	0	0
RLJ Lodging Trust	REIT	74965L101	33,086	1,542,449	SH		OTR	1	289,550	1,104,882	148,017
Schlumberger Ltd	Common Stock	806857108	1,421	17,965	SH		SOLE		17,965	0	0
Seadrill Partners LLC	Master Ltd Part	Y7545W109	1,372	255,584	SH		SOLE		255,584	0	0
Sempra Energy	Common Stock	816851109	108,860	954,745	SH		OTR	1	901,100	53,645	0
Shell Midstream Prtnrs	Master Ltd Part	822634101	16,399	485,325	SH		SOLE		485,325	0	0
Simon Property Group Inc	REIT	828806109	214,103	987,102	SH		OTR	1	166,574	697,810	122,718
SL Green Realty Corp	REIT	78440X101	4,352	40,873	SH		OTR	1	8,421	32,327	125
South Jersey Industries Inc	Common Stock	838518108	49,327	1,560,000	SH		OTR	1	1,500,000	60,000	0
Southern Co	Common Stock	842587107	119,988	2,237,330	SH		SOLE		2,237,330	0	0
Spectra Energy Corp	Common Stock	847560109	76,366	2,084,790	SH		OTR	1	1,920,200	164,590	0
Spire Inc	Common Stock	84857L101	52,340	738,845	SH		OTR	1	700,000	38,845	0
Starbucks Corp	Common Stock	855244109	1,090	19,080	SH		SOLE		19,080	0	0
Store Capital Corp	REIT	862121100	53,562	1,818,755	SH		OTR	1	336,299	1,361,728	120,728
SUN Communities Inc	REIT	866674104	15,616	203,750	SH		OTR	1	35,075	145,950	22,725
Suncoke Energy Partners LP	Master Ltd Part	86722Y101	512	47,450	SH		SOLE		47,450	0	0
Sunoco Logistics Partners LP	Master Ltd Part	86764L108	27,675	962,600	SH		SOLE		962,600	0	0
Sunoco Lp	Master Ltd Part	86765K109	9,135	305,000	SH		SOLE		305,000	0	0
Tallgrass Energy Gp LP	Master Ltd Part	874696107	8,805	390,100	SH		SOLE		390,100	0	0
Tallgrass Energy Prt LP	Master Ltd Part	874697105	30,143	655,000	SH		SOLE		655,000	0	0
Tanger Factory Outlet Centers	REIT	875465106	67,109	1,670,206	SH		OTR	1	322,508	1,203,928	143,770
Targa Resources Corp	Common Stock	87612G101	43,540	1,033,233	SH		OTR	1	974,523	58,710	0
Target Corp	Common Stock	87612E106	557	7,975	SH		SOLE		7,975	0	0
TC Pipelines LP	Master Ltd Part	87233Q108	15,966	278,834	SH		SOLE		278,834	0	0
Tesoro Logistics LP	Master Ltd Part	88160T107	26,565	536,351	SH		SOLE		536,351	0	0
Texas Instruments Inc	Common Stock	882508104	819	13,065	SH		SOLE		13,065	0	0
Time Warner Inc	Common Stock	887317303	765	10,408	SH		SOLE		10,408	0	0
Transcanada Corp	Foreign Common	89353D107	54,184	1,198,238	SH		OTR	1	1,000,000	198,238	0
Twenty-First Century Fox Inc	Common Stock	90130A101	421	15,555	SH		SOLE		15,555	0	0
U S Bancorp	Common Stock	902973304	854	21,182	SH		SOLE		21,182	0	0
Union Pacific Corp	Common Stock	907818108	965	11,060	SH		SOLE		11,060	0	0
United Parcel Service	Common Stock	911312106	962	8,935	SH		SOLE		8,935	0	0
United Technologies Corp	Common Stock	913017109	1,062	10,355	SH		SOLE		10,355	0	0
UnitedHealth Group Inc	Common Stock	91324P102	1,732	12,265	SH		SOLE		12,265	0	0
Valero Energy Prtnrs LP	Master Ltd Part	91914J102	14,537	309,240	SH		SOLE		309,240	0	0
Vanguard	Exchange Traded	922042775	20,399	476,065	SH		SOLE		476,065	0	0
Vanguard	Exchange Traded	922042858	4,943	140,360	SH		SOLE		140,360	0	0
Vanguard FTSE Developed Market	Exchange Traded	921943858	18,960	536,190	SH		SOLE		536,190	0	0
Vectren Corp	Common Stock	92240G101	81,892	1,554,815	SH		OTR	1	1,500,000	54,815	0
Ventas Inc	REIT	92276F100	61,407	843,276	SH		OTR	1	149,939	598,178	95,159
Verizon Communications Inc	Common Stock	92343V104	98,171	1,758,077	SH		OTR	1	1,562,719	195,358	0
Visa Inc	Common Stock	92826C839	1,851	24,950	SH		SOLE		24,950	0	0
Vodafone Group PLC	ADRs	92857W308	30,143	975,833	SH		OTR	1	782,200	193,633	0
Vornado Realty Trust	REIT	929042109	54,478	544,125	SH		OTR	1	107,250	374,500	62,375
Vtti Energy Partnrs LP	Master Ltd Part	Y9384M101	3,201	157,700	SH		SOLE		157,700	0	0
Walgreens Boots Alliance Inc	Common Stock	931427108	933	11,210	SH		SOLE		11,210	0	0
Wal-Mart Stores	Common Stock	931142103	1,480	20,275	SH		SOLE		20,275	0	0
Walt Disney Co	Common Stock	254687106	1,912	19,550	SH		SOLE		19,550	0	0
WEC Energy Group Inc	Common Stock	92939U106	137,600	2,107,200	SH		OTR	1	2,064,000	43,200	0
Wells Fargo & Co	Common Stock	949746101	1,486	31,400	SH		SOLE		31,400	0	0
Welltower Inc	REIT	95040Q104	39,042	512,566	SH		OTR	1	97,966	356,247	58,353
Westar Energy Inc	Common Stock	95709T100	144,044	2,568,093	SH		SOLE		2,568,093	0	0
Western Gas Partners LP	Master Ltd Part	958254104	24,802	492,100	SH		SOLE		492,100	0	0
Western Refining Lgs LP	Master Ltd Part	95931Q205	5,523	210,900	SH		SOLE		210,900	0	0
Westlake Chemical Partners	Master Ltd Part	960417103	6,764	338,560	SH		SOLE		338,560	0	0
WGL Holdings Inc	Common Stock	92924F106	70,790	1,000,000	SH		SOLE		1,000,000	0	0
Williams Cos Inc	Common Stock	969457100	3,862	178,544	SH		OTR	1	5,700	172,844	0
Williams Partners LP	Master Ltd Part	96949L105	48,606	1,403,184	SH		SOLE		1,403,184	0	0
Windstream Holdings Inc	Common Stock	97382A200	26,279	2,834,866	SH		SOLE		2,834,866	0	0
XCEL Energy Inc	Common Stock	98389B100	89,560	2,000,000	SH		SOLE		2,000,000	0	0