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 COMPANY	Common Stock	88579Y101	1,048	5,974	SH		SOLE		5,974	0	0
ABBOTT LABS	Common Stock	002824100	2,199	18,615	SH		SOLE		18,615	0	0
ABBVIE INC	Common Stock	00287Y109	2,001	18,548	SH		SOLE		18,548	0	0
ACCENTURE PLC CLASS A	Common Stock	G1151C101	2,127	6,647	SH		SOLE		6,647	0	0
ADOBE INC	Common Stock	00724F101	2,896	5,031	SH		SOLE		5,031	0	0
ALEXANDRIA REAL ESTA REIT	REIT	015271109	78,409	410,366	SH		OTR	1	162,410	129,606	118,350
ALLIANT ENERGY CORP	Common Stock	018802108	127,157	2,271,480	SH		SOLE		2,271,480	0	0
ALPHABET INC CLASS A	Common Stock	02079K305	5,826	2,179	SH		SOLE		2,179	0	0
ALPHABET INC CLASS C	Common Stock	02079K107	5,648	2,119	SH		SOLE		2,119	0	0
ALTRIA GROUP INC	Common Stock	02209S103	895	19,672	SH		SOLE		19,672	0	0
AMAZON COM INC	Common Stock	023135106	9,398	2,861	SH		SOLE		2,861	0	0
AMEREN CORPORATION	Common Stock	023608102	135,540	1,673,333	SH		OTR	1	1,551,115	83,958	38,260
AMERICAN EXPRESS CO	Common Stock	025816109	1,160	6,925	SH		SOLE		6,925	0	0
AMERICAN HOMES 4 R CL A	REIT	02665T306	98,271	2,577,930	SH		OTR	1	1,048,785	809,950	719,195
AMERICAN TOWER CORP	REIT	03027X100	117,247	441,758	SH		OTR	1	292,720	102,622	46,416
AMERICAN WTR WKS CO	Common Stock	030420103	89,508	529,508	SH		OTR	1	477,360	34,579	17,569
AMERICOLD RLTY TR	REIT	03064D108	210	7,225	SH		SOLE		7,225	0	0
AMERN ELEC PWR INC	Common Stock	025537101	98,166	1,209,240	SH		SOLE		1,209,240	0	0
AMERN INTL GROUP INC	Common Stock	026874784	500	9,103	SH		SOLE		9,103	0	0
AMGEN INC	Common Stock	031162100	1,302	6,122	SH		SOLE		6,122	0	0
APARTMENT INCOME REIT WHEN ISSUED	REIT	03750L109	88,010	1,803,119	SH		OTR	1	739,975	565,026	498,118
APPLE INC	Common Stock	037833100	12,340	87,206	SH		SOLE		87,206	0	0
AT&T INC	Common Stock	00206R102	63,901	2,365,819	SH		SOLE		2,365,819	0	0
ATMOS ENERGY CORP	Common Stock	049560105	100,792	1,142,771	SH		OTR	1	1,016,250	82,470	44,051
AVALONBAY COMMUNTIES REIT	REIT	053484101	139,891	631,163	SH		OTR	1	242,604	191,459	197,100
BANK OF AMERICA CORP	Common Stock	060505104	3,402	80,137	SH		SOLE		80,137	0	0
BCE INC	Common Stock	05534B760	66,773	1,333,865	SH		SOLE		1,333,865	0	0
BERKSHIRE HATHAWAY CLASS B	Common Stock	084670702	1,105	4,049	SH		SOLE		4,049	0	0
BIOGEN INC	Common Stock	09062X103	447	1,581	SH		SOLE		1,581	0	0
BLACK HILLS CORP	Common Stock	092113109	35,566	566,700	SH		SOLE		566,700	0	0
BLACKROCK INC	Common Stock	09247X101	1,256	1,498	SH		SOLE		1,498	0	0
BOEING CO	Common Stock	097023105	1,249	5,679	SH		SOLE		5,679	0	0
BOOKING HLDGS INC	Common Stock	09857L108	1,042	439	SH		SOLE		439	0	0
BOSTON PROPERTIES	REIT	101121101	43,503	401,508	SH		OTR	1	152,848	125,425	123,235
BRISTOL MYERS SQUIBB	Common Stock	110122108	1,402	23,691	SH		SOLE		23,691	0	0
BRIXMOR PROPERTY G COM USD0.01	REIT	11120U105	83,212	3,763,547	SH		OTR	1	1,352,786	1,169,781	1,240,980
BROADCOM INC	Common Stock	11135F101	2,024	4,173	SH		SOLE		4,173	0	0
CAPITAL ONE FINL CO	Common Stock	14040H105	783	4,835	SH		SOLE		4,835	0	0
CARRIER GLOBAL CORP COM USD0.01 WI	Common Stock	14448C104	342	6,600	SH		SOLE		6,600	0	0
CATERPILLAR INC	Common Stock	149123101	1,102	5,740	SH		SOLE		5,740	0	0
CDN PACIFIC RAILWAY	Common Stock	13645T100	13,684	209,950	SH		OTR	1	105,000	73,605	31,345
CENTERPOINT ENERGY	Master Ltd Part	15189T107	139,828	5,684,075	SH		OTR	1,2	5,040,870	428,589	214,616
CHARTER COMMUNICATIO CL A	Common Stock	16119P108	1,120	1,540	SH		SOLE		1,540	0	0
CHENIERE ENERGY INC	Master Ltd Part	16411R208	84,274	862,844	SH		OTR	1,2	665,000	133,828	64,016
CHENIERE ENERGY PRTN	Master Ltd Part	16411Q101	10,683	262,665	SH		SOLE		262,665	0	0
CHEVRON CORP	Common Stock	166764100	2,062	20,323	SH		SOLE		20,323	0	0
CISCO SYSTEMS INC	Common Stock	17275R102	2,421	44,482	SH		SOLE		44,482	0	0
CITIGROUP INC	Common Stock	172967424	1,531	21,810	SH		SOLE		21,810	0	0
CMS ENERGY CORP	Common Stock	125896100	125,587	2,102,571	SH		OTR	1	1,902,570	138,796	61,205
COCA-COLA CO	Common Stock	191216100	2,137	40,729	SH		SOLE		40,729	0	0
COLGATE PALMOLIVE CO	Common Stock	194162103	683	9,037	SH		SOLE		9,037	0	0
COMCAST CORP CLASS A	Common Stock	20030N101	58,743	1,050,293	SH		SOLE		1,050,293	0	0
CONOCOPHILLIPS	Common Stock	20825C104	881	13,007	SH		SOLE		13,007	0	0
CORESITE RLTY CORP	REIT	21870Q105	1,448	10,450	SH		SOLE		10,450	0	0
COSTCO WHSL CORP	Common Stock	22160K105	2,087	4,644	SH		SOLE		4,644	0	0
COUSINS PPTYS INC	REIT	222795502	84,449	2,264,649	SH		OTR	1	881,450	699,565	683,634
CROWN CASTLE INTL	REIT	22822V101	121,946	703,590	SH		OTR	1	536,600	115,070	51,920
CSX CORP	Common Stock	126408103	30,570	1,027,910	SH		OTR	1	603,245	292,325	132,340
CUBESMART	REIT	229663109	116,075	2,395,768	SH		OTR	1	947,428	768,625	679,715
CVS HEALTH CORP	Common Stock	126650100	1,172	13,811	SH		SOLE		13,811	0	0
CYRUSONE	REIT	23283R100	70,757	914,050	SH		OTR	1	414,843	305,850	193,357
DANAHER CORP	Common Stock	235851102	2,035	6,686	SH		SOLE		6,686	0	0
DCP MIDSTREAM LP COM UT LTD PTN	Master Ltd Part	23311P100	14,426	511,009	SH		OTR	2	480,000	31,009	0
DIGITAL RLTY TR INC	REIT	253868103	993	6,875	SH		SOLE		6,875	0	0
DOMINION ENERGY INC	Master Ltd Part	25746U109	145,929	1,998,485	SH		OTR	1	1,635,410	245,784	117,291
DOUGLAS EMMETT INC	REIT	25960P109	51,152	1,618,215	SH		OTR	1	577,746	506,813	533,656
DOW INC	Common Stock	260557103	461	8,010	SH		SOLE		8,010	0	0
DUKE REALTY CORP	REIT	264411505	132,627	2,770,563	SH		OTR	1	1,111,455	862,805	796,303
DUPONT DE NEMOURS COM	Common Stock	26614N102	408	6,002	SH		SOLE		6,002	0	0
EDISON INTL	Common Stock	281020107	76,422	1,377,717	SH		OTR	1	1,193,000	129,841	54,876
EMERSON ELEC CO	Common Stock	291011104	593	6,300	SH		SOLE		6,300	0	0
ENBRIDGE INC	Master Ltd Part	29250N105	58,928	1,480,596	SH		OTR	1,2	940,945	377,893	161,758
ENERGY TRANSFER L P COM UT LTD PTN	Master Ltd Part	29273V100	55,046	5,745,931	SH		OTR	2	5,572,647	173,284	0
ENLINK MIDSTREAM LLC UNIT REP STG LTD LIA	Master Ltd Part	29336T100	394	57,703	SH		OTR	2	0	57,703	0
ENPHASE ENERGY	Common Stock	29355A107	364	2,425	SH		SOLE		2,425	0	0
ENTERGY CORP	Common Stock	29364G103	55,576	559,620	SH		SOLE		559,620	0	0
ENTERPRISE PRODS	Master Ltd Part	293792107	60,947	2,816,415	SH		OTR	2	2,794,000	22,415	0
ENVIVA PARTNERS LP	Master Ltd Part	29414J107	390	7,218	SH		OTR	2	0	7,218	0
EQUINIX INC	REIT	29444U700	225,046	284,822	SH		OTR	1	150,678	81,023	53,121
EQUITRANS MIDST CORP	Master Ltd Part	294600101	7,502	739,873	SH		OTR	2	675,000	64,873	0
EQUITY RESIDENTIAL SH BEN INT	REIT	29476L107	82,715	1,022,178	SH		OTR	1	373,459	318,839	329,880
ESSENTIAL UTILITIES	Common Stock	29670G102	57,577	1,249,510	SH		SOLE		1,249,510	0	0
EVERGY INC	Common Stock	30034W106	126,796	2,038,521	SH		OTR	1	1,908,791	89,100	40,630
EVERSOURCE ENERGY	Common Stock	30040W108	140,534	1,718,855	SH		OTR	1	1,545,050	112,970	60,835
EXTRA SPACE STORAGE REIT	REIT	30225T102	108,875	648,106	SH		OTR	1	251,142	200,960	196,004
EXXON MOBIL CORP	Common Stock	30231G102	2,617	44,487	SH		SOLE		44,487	0	0
FEDEX CORP	Common Stock	31428X106	564	2,571	SH		SOLE		2,571	0	0
FIRSTENERGY CORP	Common Stock	337932107	40,553	1,138,500	SH		SOLE		1,138,500	0	0
FORD MOTOR CO	Common Stock	345370860	584	41,270	SH		SOLE		41,270	0	0
FORTIS INC	Common Stock	349553107	52,802	1,190,455	SH		OTR	1	1,079,800	110,655	0
GENERAL DYNAMICS	Common Stock	369550108	478	2,439	SH		SOLE		2,439	0	0
GENERAL ELECTRIC CO COM NEW	Common Stock	369604301	1,187	11,521	SH		SOLE		11,521	0	0
GENERAL MOTORS CO	Common Stock	37045V100	721	13,677	SH		SOLE		13,677	0	0
GENESIS ENERGY L P UNIT	Master Ltd Part	371927104	4,736	475,000	SH		SOLE		475,000	0	0
GILEAD SCIENCES INC	Common Stock	375558103	930	13,319	SH		SOLE		13,319	0	0
GOLAR LNG LTD ORDINARY	Master Ltd Part	G9456A100	7,277	561,093	SH		OTR	2	515,000	46,093	0
GOLDMAN SACHS GROUP	Common Stock	38141G104	1,440	3,810	SH		SOLE		3,810	0	0
HEALTHPEAK PROPERTIE COM USD1	REIT	42250P103	80,138	2,393,594	SH		OTR	1	958,574	763,090	671,930
HESS MIDSTREAM LP CLASS A SHARE REPRES	Master Ltd Part	428103105	8,646	306,470	SH		OTR	2	270,000	36,470	0
HLTHCARE TR OF AMER	REIT	42225P501	90,999	3,068,070	SH		OTR	1	1,211,532	950,360	906,178
HOME DEPOT INC	Common Stock	437076102	3,718	11,325	SH		SOLE		11,325	0	0
HONEYWELL INTL INC	Common Stock	438516106	1,593	7,503	SH		SOLE		7,503	0	0
HOST HOTELS & RESRTS REIT	REIT	44107P104	64,709	3,962,582	SH		OTR	1	1,513,198	1,231,659	1,217,725
INTEL CORP	Common Stock	458140100	2,291	43,005	SH		SOLE		43,005	0	0
INTL BUSINESS MCHN	Common Stock	459200101	1,286	9,254	SH		SOLE		9,254	0	0
INVESCO DB COMMODITY INDEX TRAC	ETF	46138B103	2,688	133,224	SH		OTR	1	0	133,224	0
INVESCO DB MULTI-SEC AGRICULTURE FD	ETF	46140H106	732	38,300	SH		OTR	1	0	38,300	0
INVESCO DB MULTI-SEC GOLD FD	ETF	46140H601	987	19,600	SH		OTR	1	0	19,600	0
INVITATION HOMES	REIT	46187W107	69,550	1,814,517	SH		OTR	1	646,728	536,520	631,269
ISHARES RUS 2000 GRW ETF	ETF	464287648	13,717	46,720	SH		SOLE		46,720	0	0
ISHARES RUS 2000 VAL ETF	ETF	464287630	22,174	138,390	SH		SOLE		138,390	0	0
ISHARES S&P MC 400GR ETF	ETF	464287606	13,659	172,480	SH		SOLE		172,480	0	0
ISHARES S&P MC 400VL ETF	ETF	464287705	23,953	232,460	SH		SOLE		232,460	0	0
ISHARES TRUST CORE S&P TOTAL US STK MKT	ETF	464287150	74,534	757,615	SH		SOLE		757,615	0	0
JOHNSON & JOHNSON	Common Stock	478160104	4,465	27,650	SH		SOLE		27,650	0	0
JPMORGAN CHASE & CO	Common Stock	46625H100	5,245	32,040	SH		SOLE		32,040	0	0
KEYERA CORP	Master Ltd Part	493271100	12,362	491,383	SH		OTR	2	475,000	16,383	0
KIMCO REALTY CORP	REIT	49446R109	48,331	2,329,186	SH		OTR	1	894,272	719,586	715,328
KINDER MORGAN INC	Master Ltd Part	49456B101	36,828	2,201,306	SH		OTR	2	2,145,845	55,461	0
KRAFT HEINZ CO	Common Stock	500754106	256	6,964	SH		SOLE		6,964	0	0
LILLY ELI & CO	Common Stock	532457108	1,922	8,320	SH		SOLE		8,320	0	0
LINDE PLC SHS	Common Stock	G5494J103	1,247	4,250	SH		SOLE		4,250	0	0
LOCKHEED MARTIN CORP	Common Stock	539830109	913	2,645	SH		SOLE		2,645	0	0
LOWES CO	Common Stock	548661107	1,556	7,670	SH		SOLE		7,670	0	0
MAGELLAN MIDSTREAM	Master Ltd Part	559080106	19,011	417,090	SH		SOLE		417,090	0	0
MARATHON PETROLEUM	Master Ltd Part	56585A102	13,874	224,464	SH		OTR	2	210,000	14,464	0
MASTERCARD INC CLASS A	Common Stock	57636Q104	3,209	9,229	SH		SOLE		9,229	0	0
MCDONALDS CORP	Common Stock	580135101	1,910	7,923	SH		SOLE		7,923	0	0
MEDTRONIC PLC ORDINARY SHS $0.0001	Common Stock	G5960L103	1,774	14,153	SH		SOLE		14,153	0	0
MERCK & CO INC	Common Stock	58933Y105	1,999	26,614	SH		SOLE		26,614	0	0
META PLATFORMS INC COM USD0.000006 CL A	Common Stock	30303M102	8,484	24,998	SH		SOLE		24,998	0	0
METLIFE INC	Common Stock	59156R108	512	8,290	SH		SOLE		8,290	0	0
MICROSOFT CORP	Common Stock	594918104	13,275	47,087	SH		SOLE		47,087	0	0
MID-AMER APT CMNTYS REIT	REIT	59522J103	134,087	718,005	SH		OTR	1	273,935	223,180	220,890
MONDELEZ INTL INC	Common Stock	609207105	879	15,116	SH		SOLE		15,116	0	0
MORGAN STANLEY	Common Stock	617446448	1,513	15,550	SH		SOLE		15,550	0	0
MPLX LP	Master Ltd Part	55336V100	50,562	1,775,961	SH		OTR	2	1,747,427	28,534	0
NETFLIX INC	Common Stock	64110L106	2,842	4,657	SH		SOLE		4,657	0	0
NEW JERSEY RES CORP	Common Stock	646025106	37,650	1,081,600	SH		SOLE		1,081,600	0	0
NEXTERA ENERGY INC	Master Ltd Part	65339F101	181,530	2,311,901	SH		OTR	1	1,744,275	390,493	177,133
NEXTERA ENERGY LPU COM UNIT RP IN	Master Ltd Part	65341B106	63,348	840,605	SH		OTR	2	829,660	10,945	0
NIKE INC CLASS B	Common Stock	654106103	1,929	13,283	SH		SOLE		13,283	0	0
NISOURCE INC	Common Stock	65473P105	64,331	2,655,000	SH		SOLE		2,655,000	0	0
NORFOLK SOUTHERN	Common Stock	655844108	41,807	174,740	SH		OTR	1	94,370	56,122	24,248
NORTHWEST NATURAL HL	Common Stock	66765N105	36,792	800,000	SH		SOLE		800,000	0	0
NVIDIA CORP	Common Stock	67066G104	5,403	26,083	SH		SOLE		26,083	0	0
OGE ENERGY CORP	Common Stock	670837103	75,808	2,300,000	SH		SOLE		2,300,000	0	0
ONE GAS INC	Common Stock	68235P108	36,501	576,000	SH		SOLE		576,000	0	0
ONEOK INC	Master Ltd Part	682680103	57,690	994,823	SH		OTR	1,2	742,150	176,211	76,462
ORACLE CORP	Common Stock	68389X105	1,725	19,796	SH		SOLE		19,796	0	0
PAYPAL HLDGS INC COM	Common Stock	70450Y103	3,221	12,380	SH		SOLE		12,380	0	0
PEMBINA PIPELINE	Master Ltd Part	706327103	59,523	1,878,125	SH		OTR	1,2	1,479,865	282,633	115,627
PEPSICO INC	Common Stock	713448108	2,192	14,576	SH		SOLE		14,576	0	0
PFIZER INC	Common Stock	717081103	2,524	58,677	SH		SOLE		58,677	0	0
PHILIP MORRIS INTL	Common Stock	718172109	1,556	16,418	SH		SOLE		16,418	0	0
PINNACLE WEST CAP	Common Stock	723484101	67,736	936,100	SH		SOLE		936,100	0	0
PLAINS ALL AMERN PIP UNIT	Master Ltd Part	726503105	22,515	2,213,900	SH		SOLE		2,213,900	0	0
PLAINS GP HLDINGS LP CL A SHS LPI	Master Ltd Part	72651A207	1,180	109,518	SH		OTR	2	0	109,518	0
PLUG POWER INC	Common Stock	72919P202	215	8,415	SH		SOLE		8,415	0	0
PROCTER AND GAMBLE COM	Common Stock	742718109	3,634	25,994	SH		SOLE		25,994	0	0
PROLOGIS INC	REIT	74340W103	253,131	2,018,108	SH		OTR	1	753,595	635,230	629,283
PUBLIC SVC ENTERPR	Common Stock	744573106	148,988	2,446,432	SH		OTR	1	2,162,250	194,035	90,147
QUALCOMM INC	Common Stock	747525103	1,536	11,909	SH		SOLE		11,909	0	0
RAYTHEON TECHNOLOGIE COM USD1	Common Stock	75513E101	1,382	16,082	SH		SOLE		16,082	0	0
REGENCY CENTERS CORP REIT	REIT	758849103	68,696	1,020,291	SH		OTR	1	393,960	325,850	300,481
REXFORD INDUSTRIAL COM USD0.01	REIT	76169C100	43,891	773,403	SH		OTR	1	343,518	234,850	195,035
RLJ LODGING TRUST	REIT	74965L101	34,845	2,344,877	SH		OTR	1	889,840	702,197	752,840
RYMAN HOSPITALITY	REIT	78377T107	44,229	528,426	SH		OTR	1	183,275	159,947	185,204
SALESFORCE.COM	Common Stock	79466L302	2,634	9,713	SH		SOLE		9,713	0	0
SBA COMMUNICATIONS COM USD0.01 CL A	REIT	78410G104	35,139	106,297	SH		OTR	1	36,392	31,900	38,005
SCHWAB STRATEGIC T US TIPS ETF	ETF	808524870	707	11,300	SH		OTR	1	0	11,300	0
SEMPRA	Master Ltd Part	816851109	129,579	1,024,336	SH		OTR	1,2	840,640	126,403	57,293
SIMON PPTY INC	REIT	828806109	150,650	1,159,111	SH		OTR	1	445,485	353,883	359,743
SOLAREDGE TECHNOLO	Common Stock	83417M104	255	961	SH		SOLE		961	0	0
SOUTH JERSEY INDS	Common Stock	838518108	31,890	1,500,000	SH		SOLE		1,500,000	0	0
SOUTHERN CO	Common Stock	842587107	105,033	1,694,903	SH		OTR	1	1,590,111	72,515	32,277
SPDR INDEX SHARES S&P GL NAT RES ETF	ETF	78463X541	2,842	55,350	SH		OTR	1	0	55,350	0
SPDR SERIES TRUST PORTFOLIO INTERMEDIA	ETF	78464A375	12,009	328,820	SH		SOLE		328,820	0	0
SPIRE INC COM USD1	Common Stock	84857L101	54,715	894,330	SH		OTR	1	840,900	53,430	0
SPIRIT REALTY CAPI	REIT	84860W300	82,652	1,795,217	SH		OTR	1	657,909	561,113	576,195
STARBUCKS CORP	Common Stock	855244109	1,373	12,446	SH		SOLE		12,446	0	0
STORE CAP CORP COM	REIT	862121100	13,477	420,774	SH		OTR	1	222,548	135,870	62,356
SUN COMMUNITIES	REIT	866674104	147,946	799,278	SH		OTR	1	304,053	247,522	247,703
SUNNOVA ENERGY INTL COM	Master Ltd Part	86745K104	362	10,991	SH		OTR	2	1,999	8,992	0
SUNRUN INC COM USD0.0001	Master Ltd Part	86771W105	490	11,129	SH		OTR	2	2,981	8,148	0
TARGA RESOURCES IN	Master Ltd Part	87612G101	69,547	1,413,260	SH		OTR	1,2	1,056,120	260,810	96,330
TARGET CORPORATION	Common Stock	87612E106	1,225	5,355	SH		SOLE		5,355	0	0
TELUS CORP	Common Stock	87971M103	56,271	2,560,600	SH		SOLE		2,560,600	0	0
TESLA INC COM	Common Stock	88160R101	6,201	7,996	SH		SOLE		7,996	0	0
TEXAS INSTRUMENTS	Common Stock	882508104	1,848	9,617	SH		SOLE		9,617	0	0
THERMO FISHER SCI	Common Stock	883556102	2,377	4,160	SH		SOLE		4,160	0	0
T-MOBILE US INC	Common Stock	872590104	786	6,151	SH		SOLE		6,151	0	0
TRANSCANADA PIPELINE COM	Master Ltd Part	87807B107	55,904	1,162,389	SH		OTR	1,2	900,000	182,755	79,634
UNION PAC CORP	Common Stock	907818108	14,622	74,600	SH		OTR	1	39,854	23,986	10,760
UNITED PARCEL SERVIC CLASS B	Common Stock	911312106	1,385	7,605	SH		SOLE		7,605	0	0
UNITEDHEALTH GRP INC	Common Stock	91324P102	3,882	9,935	SH		SOLE		9,935	0	0
US BANCORP DEL	Common Stock	902973304	853	14,358	SH		SOLE		14,358	0	0
VALERO ENERGY CORP	Master Ltd Part	91913Y100	9,300	131,779	SH		OTR	2	120,000	11,779	0
VANGUARD FTSE EMERGING MARKETS ETF	ETF	922042858	7,329	146,560	SH		SOLE		146,560	0	0
VANGUARD INDEX TR TOTAL STOCK MARKET	ETF	922908769	31,284	140,880	SH		SOLE		140,880	0	0
VANGUARD INTL EQUITY ETF ALL-WORLD EX-US	ETF	922042775	47,593	780,720	SH		SOLE		780,720	0	0
VANGUARD TAX MANAGED FTSE DEV MKT ETF	ETF	921943858	30,326	600,640	SH		SOLE		600,640	0	0
VERIZON COMMUNICATIO	Common Stock	92343V104	69,413	1,285,197	SH		SOLE		1,285,197	0	0
VICI PPTYS INC COM	REIT	925652109	32,436	1,141,715	SH		OTR	1	417,367	370,287	354,061
VISA INC CLASS A	Common Stock	92826C839	3,968	17,813	SH		SOLE		17,813	0	0
VODAFONE GRP PLC ADR	ADR	92857W308	12,085	782,200	SH		SOLE		782,200	0	0
WALGREENS BOOTS ALNC	Common Stock	931427108	368	7,812	SH		SOLE		7,812	0	0
WALMART INC	Common Stock	931142103	2,023	14,513	SH		SOLE		14,513	0	0
WALT DISNEY CO COM	Common Stock	254687106	3,221	19,039	SH		SOLE		19,039	0	0
WEC ENERGY GROUP INC	Common Stock	92939U106	94,736	1,074,100	SH		SOLE		1,074,100	0	0
WELLS FARGO & CO	Common Stock	949746101	1,608	34,640	SH		SOLE		34,640	0	0
WELLTOWER INC REIT	REIT	95040Q104	123,983	1,504,642	SH		OTR	1	590,172	470,170	444,300
WESTERN MIDSTREAM PA COM UNITS REP LTD PT	Master Ltd Part	958669103	17,111	816,377	SH		OTR	2	765,000	51,377	0
WESTLAKE CHEM PRTNRS LP COM UNIT RP LP	Master Ltd Part	960417103	1,460	60,000	SH		SOLE		60,000	0	0
WILLIAMS COS INC	Master Ltd Part	969457100	62,261	2,400,183	SH		OTR	2	2,342,647	57,536	0
XCEL ENERGY INC	Common Stock	98389B100	106,709	1,707,350	SH		SOLE		1,707,350	0	0