Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
BBUC	Brookfield Business Corp	142,749,301	$4.517B	6.1%	$31.64	—	COMMON STOCK	113006100
KKR	KKR & Co Inc	282,000	$26.09M	0.0%	$114.76	0.0%	COMMON STOCK	48251W104
BX	Blackstone Group Inc/The	225,542	$25.94M	0.0%	$140.88	0.0%	COMMON STOCK	09260D107
DEO	Diageo PLC	299,180	$22.27M	0.0%	$74.45	—	Depositary Receipt	25243Q205
ELS	Equity LifeStyle Properties Inc	311,259	$19.43M	0.0%	$62.42	—	COM	29472R108
APC	ARKO Petroleum Corp	991,000	$17.73M	0.0%	$17.89	—	CL A COM	04124A100
WPC	WP Carey Inc	220,014	$14.95M	0.0%	$67.96	—	COM	92936U109
SBRA	Sabra Health Care REIT Inc	504,943	$9.71M	0.0%	$19.23	—	COM	78573L106
EQR	Equity Residential	136,141	$8.053M	0.0%	$62.03	0.0%	SH BEN INT	29476L107
VICI	VICI Properties Inc	231,150	$6.315M	0.0%	$28.15	0.0%	COM	925652109
CUZ	Cousins Properties Inc	246,002	$5.552M	0.0%	$22.57	—	COM NEW	222795502
LINE	Lineage Inc	119,912	$3.928M	0.0%	$32.76	—	COM	53566V106
ESRT	Empire State Realty Trust Inc	511,906	$2.662M	0.0%	$5.20	—	CL A	292104106
CARR	Carrier Global Corp	30,812	$1.735M	0.0%	$59.66	0.0%	COM	14448C104
SM	SM Energy Co	32,016	$998K	0.0%	$19.89	0.0%	COMMON STOCK	78454L100
GBIL	Goldman Sachs Access Treasury	1,390	$139K	0.0%	$100.19	—	ACCES TREASURY	381430529
PNW	Pinnacle West Capital Corp	1,204	$121K	0.0%	$93.50	0.0%	COM	723484101
DY	Dycom Industries Inc	260	$88,093	0.0%	$384.46	0.0%	COM	267475101
—	Pebblebrook Hotel Trust	1,536	$29,645	0.0%	$19.30	—	6.3 CUM PFD SR F	70509V704
JLL	Jones Lang LaSalle Inc	27	$8,217	0.0%	$336.02	0.0%	COM	48020Q107
HR	Healthcare Realty Trust Inc	430	$7,306	0.0%	$16.99	—	CL A COM	42226K105
CBRE	CBRE Group Inc	52	$7,044	0.0%	$161.40	0.0%	CL A	12504L109
WY	Weyerhaeuser Co	287	$7,011	0.0%	$23.80	0.0%	COM NEW	962166104
SVC	Service Properties Trust	3,444	$4,667	0.0%	$1.36	—	COM SH BEN INT	81761L102

Increased Positions (27)

NI NiSource Inc 0.2%

Value $172M (+184.6%) Shares 3,680,202 (+154.7%) Est. Cost $35.06 Unrealized +25.5%

PAA Plains All American Pipeline LP 0.1%

Value $82.43M (+556.7%) Shares 3,691,435 (+428.2%) Est. Cost $21.10 Unrealized —

KMI Kinder Morgan Inc 0.1%

Value $95.96M (+56.2%) Shares 2,862,006 (+28.0%) Est. Cost $25.20 Unrealized +18.0%

SWX Southwest Gas Holdings Inc 0.1%

Value $60.8M (+124.7%) Shares 699,626 (+106.9%) Est. Cost $82.16 Unrealized +2.3%

EQIX Equinix Inc 0.1%

Value $109M (+40.5%) Shares 111,262 (+9.8%) Est. Cost $739.34 Unrealized +3.3%

CMS CMS Energy Corp 0.0%

Value $28.13M (+845.3%) Shares 362,641 (+752.1%) Est. Cost $70.18 Unrealized +2.8%

FE FirstEnergy Corp 0.2%

Value $133M (+20.4%) Shares 2,621,338 (+6.4%) Est. Cost $45.81 Unrealized +2.8%

TRP TC Energy Corp 0.1%

Value $109M (+23.9%) Shares 1,735,576 (+8.9%) Est. Cost $49.35 Unrealized +18.0%

GLNG Golar LNG Ltd 0.1%

Value $42.74M (+64.0%) Shares 789,859 (+12.8%) Est. Cost $30.94 Unrealized +33.6%

IDA IDACORP Inc 0.1%

Value $44.49M (+40.2%) Shares 311,159 (+24.1%) Est. Cost $119.52 Unrealized +12.7%

PLD Prologis Inc 0.1%

Value $50.7M (+22.1%) Shares 383,539 (+17.9%) Est. Cost $103.22 Unrealized +25.0%

TRNO Terreno Realty Corp 0.0%

Value $8.411M (+1517.6%) Shares 136,936 (+1446.3%) Est. Cost $61.24 Unrealized —

IRM Iron Mountain Inc 0.0%

Value $19.23M (+61.7%) Shares 188,255 (+31.4%) Est. Cost $89.23 Unrealized -6.7%

VNO Vornado Realty Trust 0.0%

Value $6.492M (+39791.3%) Shares 249,785 (+50980.8%) Est. Cost $26.02 Unrealized —

WELL Welltower Inc 0.1%

Value $60.7M (+9.7%) Shares 307,019 (+3.0%) Est. Cost $110.68 Unrealized +68.9%

RSG Republic Services Inc 0.0%

Value $4.928M (+74.1%) Shares 22,502 (+68.4%) Est. Cost $185.14 Unrealized +17.0%

WM Waste Management Inc 0.0%

Value $5.947M (+35.9%) Shares 25,879 (+30.0%) Est. Cost $215.68 Unrealized +4.8%

STWD Starwood Property Trust Inc 0.0%

Value $113K (+109.8%) Shares 6,567 (+119.4%) Est. Cost $18.20 Unrealized —

CEG Constellation Energy Corp 0.0%

Value $2.885M (+1.0%) Shares 10,330 (+27.8%) Est. Cost $317.60 Unrealized -5.2%

LADR Ladder Capital Corp 0.0%

Value $52,895 (+35.7%) Shares 5,414 (+52.7%) Est. Cost $10.52 Unrealized —

TLN Talen Energy Corp 0.0%

Value $118K (-9.5%) Shares 371 (+6.3%) Est. Cost $387.47 Unrealized -5.0%

CDP COPT Defense Properties 0.0%

Value $30,355 (+60.8%) Shares 992 (+46.1%) Est. Cost $29.55 Unrealized —

AAT American Assets Trust Inc 0.0%

Value $29,493 (+58.8%) Shares 1,602 (+63.3%) Est. Cost $19.58 Unrealized —

LAMR Lamar Advertising Co 0.0%

Value $28,878 (+40.0%) Shares 228 (+39.9%) Est. Cost $123.63 Unrealized —

PDM Piedmont Realty Trust Inc 0.0%

Value $22,765 (+21.8%) Shares 3,465 (+54.5%) Est. Cost $8.14 Unrealized —

FPH Five Point Holdings LLC 0.0%

Value $6,321 (+37.1%) Shares 1,306 (+58.3%) Est. Cost $5.70 Unrealized -3.3%

KRC Kilroy Realty Corp 0.0%

Value $5,416 (+27.1%) Shares 192 (+68.4%) Est. Cost $36.55 Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
NI	NiSource Inc	3,680,202 (+154.7%)	$172M (+184.6%)	0.2%	$35.06	+25.5%	COM	65473P105
PAA	Plains All American Pipeline LP	3,691,435 (+428.2%)	$82.43M (+556.7%)	0.1%	$21.10	—	UNIT LTD PARTN	726503105
KMI	Kinder Morgan Inc	2,862,006 (+28.0%)	$95.96M (+56.2%)	0.1%	$25.20	+18.0%	COM	49456B101
SWX	Southwest Gas Holdings Inc	699,626 (+106.9%)	$60.8M (+124.7%)	0.1%	$82.16	+2.3%	COM	844895102
EQIX	Equinix Inc	111,262 (+9.8%)	$109M (+40.5%)	0.1%	$739.34	+3.3%	COM	29444U700
CMS	CMS Energy Corp	362,641 (+752.1%)	$28.13M (+845.3%)	0.0%	$70.18	+2.8%	COM	125896100
FE	FirstEnergy Corp	2,621,338 (+6.4%)	$133M (+20.4%)	0.2%	$45.81	+2.8%	COM	337932107
TRP	TC Energy Corp	1,735,576 (+8.9%)	$109M (+23.9%)	0.1%	$49.35	+18.0%	COM	87807B107
GLNG	Golar LNG Ltd	789,859 (+12.8%)	$42.74M (+64.0%)	0.1%	$30.94	+33.6%	SHS	G9456A100
IDA	IDACORP Inc	311,159 (+24.1%)	$44.49M (+40.2%)	0.1%	$119.52	+12.7%	COM	451107106
PLD	Prologis Inc	383,539 (+17.9%)	$50.7M (+22.1%)	0.1%	$103.22	+25.0%	COM	74340W103
TRNO	Terreno Realty Corp	136,936 (+1446.3%)	$8.411M (+1517.6%)	0.0%	$61.24	—	COM	88146M101
IRM	Iron Mountain Inc	188,255 (+31.4%)	$19.23M (+61.7%)	0.0%	$89.23	-6.7%	COM	46284V101
VNO	Vornado Realty Trust	249,785 (+50980.8%)	$6.492M (+39791.3%)	0.0%	$26.02	—	SH BEN INT	929042109
WELL	Welltower Inc	307,019 (+3.0%)	$60.7M (+9.7%)	0.1%	$110.68	+68.9%	COM	95040Q104
RSG	Republic Services Inc	22,502 (+68.4%)	$4.928M (+74.1%)	0.0%	$185.14	+17.0%	COM	760759100
WM	Waste Management Inc	25,879 (+30.0%)	$5.947M (+35.9%)	0.0%	$215.68	+4.8%	COM	94106L109
STWD	Starwood Property Trust Inc	6,567 (+119.4%)	$113K (+109.8%)	0.0%	$18.20	—	COM	85571B105
CEG	Constellation Energy Corp	10,330 (+27.8%)	$2.885M (+1.0%)	0.0%	$317.60	-5.2%	COM	21037T109
LADR	Ladder Capital Corp	5,414 (+52.7%)	$52,895 (+35.7%)	0.0%	$10.52	—	CL A	505743104
TLN	Talen Energy Corp	371 (+6.3%)	$118K (-9.5%)	0.0%	$387.47	-5.0%	COM	87422Q109
CDP	COPT Defense Properties	992 (+46.1%)	$30,355 (+60.8%)	0.0%	$29.55	—	SHS BEN INT	22002T108
AAT	American Assets Trust Inc	1,602 (+63.3%)	$29,493 (+58.8%)	0.0%	$19.58	—	COM	024013104
LAMR	Lamar Advertising Co	228 (+39.9%)	$28,878 (+40.0%)	0.0%	$123.63	—	CL A	512816109
PDM	Piedmont Realty Trust Inc	3,465 (+54.5%)	$22,765 (+21.8%)	0.0%	$8.14	—	COM CL A	720190206
FPH	Five Point Holdings LLC	1,306 (+58.3%)	$6,321 (+37.1%)	0.0%	$5.70	-3.3%	COM CL A	33833Q106
KRC	Kilroy Realty Corp	192 (+68.4%)	$5,416 (+27.1%)	0.0%	$36.55	—	COM	49427F108

Exited Positions (21)

BBUC Brookfield Business Corp 2.3%

Value $1.695B Shares 47,244,876 Est. Cost $25.31 Unrealized +40.8%

BBU Brookfield Business Partners L 2.1%

Value $1.539B Shares 43,708,285 Est. Cost $31.43 Unrealized —

XEL Xcel Energy Inc 0.2%

Value $168M Shares 2,268,511 Est. Cost $57.41 Unrealized +34.4%

XIFR XPLR Infrastructure LP 0.0%

Value $21.8M Shares 2,180,320 Est. Cost $25.48 Unrealized -59.6%

OHI Omega Healthcare Investors Inc 0.0%

Value $14.38M Shares 324,352 Est. Cost $38.44 Unrealized —

AVB AvalonBay Communities Inc 0.0%

Value $12.46M Shares 68,721 Est. Cost $209.62 Unrealized -13.9%

LXP LXP Industrial Trust 0.0%

Value $6.345M Shares 127,968 Est. Cost $49.58 Unrealized —

ADC Agree Realty Corp 0.0%

Value $2.479M Shares 34,417 Est. Cost $72.03 Unrealized —

ITRI Itron Inc 0.0%

Value $2.129M Shares 22,927 Est. Cost $97.62 Unrealized +1.2%

NBR Nabors Industries Ltd 0.0%

Value $2.102M Shares 38,719 Est. Cost $29.76 Unrealized +126.3%

XYL Xylem Inc/NY 0.0%

Value $1.835M Shares 13,474 Est. Cost $109.55 Unrealized +24.6%

ARE Alexandria Real Estate Equities Inc 0.0%

Value $1.804M Shares 36,860 Est. Cost $58.01 Unrealized -15.6%

SUI Sun Communities Inc 0.0%

Value $1.312M Shares 10,590 Est. Cost $122.97 Unrealized —

BNL Broadstone Net Lease Inc 0.0%

Value $991K Shares 57,047 Est. Cost $17.87 Unrealized —

CIVI Civitas Resources Inc 0.0%

Value $598K Shares 22,080 Est. Cost $48.65 Unrealized -44.8%

AMLP ALERIAN MLP ETF 0.0%

Value $507K Shares 10,790 Est. Cost $47.22 Unrealized —

NRG NRG Energy Inc 0.0%

Value $112K Shares 703 Est. Cost $165.30 Unrealized -4.1%

VST Vistra Corp 0.0%

Value $101K Shares 624 Est. Cost $181.92 Unrealized -10.3%

EPR EPR Properties 0.0%

Value $35,529 Shares 712 Est. Cost $58.01 Unrealized —

KW Kennedy-Wilson Holdings Inc 0.0%

Value $5,734 Shares 593 Est. Cost $8.02 Unrealized +25.5%

EMLP FT NORTH AMERICAN ENERGY INFRA 0.0%

Value $3,837 Shares 101 Est. Cost $37.99 Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
BBUC	Brookfield Business Corp	47,244,876	$1.695B	2.3%	$25.31	+40.8%	—	11259V106
BBU	Brookfield Business Partners L	43,708,285	$1.539B	2.1%	$31.43	—	—	G16234109
XEL	Xcel Energy Inc	2,268,511	$168M	0.2%	$57.41	+34.4%	—	98389B100
XIFR	XPLR Infrastructure LP	2,180,320	$21.8M	0.0%	$25.48	-59.6%	—	65341B106
OHI	Omega Healthcare Investors Inc	324,352	$14.38M	0.0%	$38.44	—	—	681936100
AVB	AvalonBay Communities Inc	68,721	$12.46M	0.0%	$209.62	-13.9%	—	053484101
LXP	LXP Industrial Trust	127,968	$6.345M	0.0%	$49.58	—	—	529043408
ADC	Agree Realty Corp	34,417	$2.479M	0.0%	$72.03	—	—	008492100
ITRI	Itron Inc	22,927	$2.129M	0.0%	$97.62	+1.2%	—	465741106
NBR	Nabors Industries Ltd	38,719	$2.102M	0.0%	$29.76	+126.3%	—	G6359F137
XYL	Xylem Inc/NY	13,474	$1.835M	0.0%	$109.55	+24.6%	—	98419M100
ARE	Alexandria Real Estate Equities Inc	36,860	$1.804M	0.0%	$58.01	-15.6%	—	015271109
SUI	Sun Communities Inc	10,590	$1.312M	0.0%	$122.97	—	—	866674104
BNL	Broadstone Net Lease Inc	57,047	$991K	0.0%	$17.87	—	—	11135E203
CIVI	Civitas Resources Inc	22,080	$598K	0.0%	$48.65	-44.8%	—	17888H103
AMLP	ALERIAN MLP ETF	10,790	$507K	0.0%	$47.22	—	—	00162Q452
NRG	NRG Energy Inc	703	$112K	0.0%	$165.30	-4.1%	—	629377508
VST	Vistra Corp	624	$101K	0.0%	$181.92	-10.3%	—	92840M102
EPR	EPR Properties	712	$35,529	0.0%	$58.01	—	—	26884U109
KW	Kennedy-Wilson Holdings Inc	593	$5,734	0.0%	$8.02	+25.5%	—	489398107
EMLP	FT NORTH AMERICAN ENERGY INFRA	101	$3,837	0.0%	$37.99	—	—	33738D101

Decreased Positions (59)

TRGP Targa Resources Corp 0.5%

Value $367M (+19.2%) Shares 1,462,383 (-12.3%) Est. Cost $85.14 Unrealized +136.9%

ES Eversource Energy 0.0%

Value $19.64M (-69.3%) Shares 283,532 (-70.2%) Est. Cost $69.55 Unrealized +0.8%

MPLX MPLX LP 0.2%

Value $124M (-21.5%) Shares 2,173,816 (-26.6%) Est. Cost $24.03 Unrealized —

CCI Crown Castle Inc 0.2%

Value $177M (-13.3%) Shares 2,175,839 (-5.3%) Est. Cost $95.89 Unrealized -7.5%

ENB Enbridge Inc 0.1%

Value $69.8M (-21.8%) Shares 1,289,260 (-30.9%) Est. Cost $42.64 Unrealized +13.9%

ETR Entergy Corp 0.0%

Value $121K (-99.4%) Shares 1,080 (-99.5%) Est. Cost $60.30 Unrealized +61.5%

SOBO South Bow Corp 0.0%

Value $17.23M (-48.2%) Shares 517,205 (-57.3%) Est. Cost $27.19 Unrealized +4.8%

AWK American Water Works Co Inc 0.0%

Value $3.021M (-82.9%) Shares 22,198 (-83.6%) Est. Cost $129.28 Unrealized -0.3%

SRE Sempra 0.2%

Value $156M (-7.8%) Shares 1,610,550 (-16.3%) Est. Cost $80.77 Unrealized +10.8%

KGS Kodiak Gas Services Inc 0.0%

Value $16.22M (-45.0%) Shares 278,137 (-64.7%) Est. Cost $34.03 Unrealized +27.9%

WMB Williams Cos Inc/The 0.5%

Value $378M (+3.6%) Shares 5,187,832 (-14.5%) Est. Cost $45.98 Unrealized +44.3%

CSX CSX Corp 0.2%

Value $117M (+12.1%) Shares 2,844,708 (-1.1%) Est. Cost $34.32 Unrealized +12.2%

CNP CenterPoint Energy Inc 0.2%

Value $184M (+6.7%) Shares 4,270,311 (-5.2%) Est. Cost $30.20 Unrealized +32.5%

MAA Mid-America Apartment Communities Inc 0.0%

Value $16.78M (-40.4%) Shares 137,385 (-32.3%) Est. Cost $138.62 Unrealized +0.4%

EPD Enterprise Products Partners LP 0.1%

Value $78.37M (+16.1%) Shares 2,071,160 (-1.7%) Est. Cost $26.43 Unrealized —

PCG PG&E Corp 0.3%

Value $193M (+5.8%) Shares 10,977,156 (-3.2%) Est. Cost $14.50 Unrealized +13.0%

SLG SL Green Realty Corp 0.0%

Value $22,792 (-99.8%) Shares 617 (-99.7%) Est. Cost $61.88 Unrealized —

FR First Industrial Realty Trust Inc 0.0%

Value $17.86M (-35.2%) Shares 308,687 (-35.8%) Est. Cost $51.88 Unrealized —

ET Energy Transfer LP 0.2%

Value $124M (+6.8%) Shares 6,445,333 (-8.8%) Est. Cost $9.79 Unrealized —

VTR Ventas Inc 0.0%

Value $14.06M (-34.7%) Shares 171,919 (-38.2%) Est. Cost $69.25 Unrealized +11.7%

HIW Highwoods Properties Inc 0.0%

Value $23,615 (-99.7%) Shares 1,103 (-99.6%) Est. Cost $30.94 Unrealized —

EVRG Evergy Inc 0.0%

Value $19.42M (-26.4%) Shares 237,114 (-34.9%) Est. Cost $65.58 Unrealized +17.8%

AKR Acadia Realty Trust 0.0%

Value $7.314M (-48.1%) Shares 382,528 (-44.3%) Est. Cost $20.54 Unrealized —

ESS Essex Property Trust Inc 0.0%

Value $12.84M (-34.5%) Shares 53,076 (-29.2%) Est. Cost $258.08 Unrealized -0.5%

PAGP Plains GP Holdings LP 0.1%

Value $48.25M (+14.7%) Shares 1,987,158 (-9.6%) Est. Cost $18.21 Unrealized —

SMA Smartstop Self Storage REIT In 0.0%

Value $4.075M (-58.7%) Shares 134,578 (-57.8%) Est. Cost $33.83 Unrealized —

HESM Hess Midstream LP 0.0%

Value $28.02M (-16.6%) Shares 720,858 (-25.9%) Est. Cost $32.72 Unrealized +7.5%

AM Antero Midstream Corp 0.1%

Value $44.13M (+14.0%) Shares 1,935,500 (-11.1%) Est. Cost $17.60 Unrealized +8.4%

DLR Digital Realty Trust Inc 0.0%

Value $16.72M (-17.3%) Shares 92,787 (-29.0%) Est. Cost $139.63 Unrealized +11.0%

BRX Brixmor Property Group Inc 0.0%

Value $17.78M (-15.6%) Shares 617,354 (-23.1%) Est. Cost $27.75 Unrealized —

UNP Union Pacific Corp 0.1%

Value $107M (+3.0%) Shares 440,627 (-1.8%) Est. Cost $230.56 Unrealized +5.5%

OKE ONEOK Inc 0.1%

Value $67.72M (+4.3%) Shares 749,150 (-15.2%) Est. Cost $77.82 Unrealized +0.9%

KNTK Kinetik Holdings Inc 0.0%

Value $13.84M (+19.9%) Shares 285,789 (-10.7%) Est. Cost $41.32 Unrealized -2.6%

EPRT Essential Properties Realty Trust Inc 0.0%

Value $17.78M (-10.5%) Shares 585,640 (-12.6%) Est. Cost $26.04 Unrealized —

PEB Pebblebrook Hotel Trust 0.0%

Value $3.331M (-37.0%) Shares 263,766 (-43.5%) Est. Cost $11.32 Unrealized —

FSLR First Solar Inc 0.0%

Value $87,583 (-95.6%) Shares 444 (-94.2%) Est. Cost $191.09 Unrealized +24.1%

NFG National Fuel Gas Co 0.0%

Value $11.73M (+15.1%) Shares 124,827 (-2.0%) Est. Cost $82.39 Unrealized +1.4%

EXR Extra Space Storage Inc 0.0%

Value $23.34M (-5.8%) Shares 177,998 (-6.5%) Est. Cost $128.51 Unrealized +1.9%

BE Bloom Energy Corp 0.0%

Value $101K (-92.7%) Shares 747 (-95.3%) Est. Cost $105.07 Unrealized +37.7%

CWEN Clearway Energy Inc 0.0%

Value $3.59M (-25.0%) Shares 91,371 (-36.5%) Est. Cost $29.82 Unrealized +23.0%

SPG Simon Property Group Inc 0.0%

Value $25.68M (-4.3%) Shares 137,654 (-5.0%) Est. Cost $161.54 Unrealized +13.9%

HST Host Hotels & Resorts Inc 0.0%

Value $8.378M (-11.8%) Shares 437,262 (-18.4%) Est. Cost $16.93 Unrealized +7.3%

AHR American Healthcare REIT Inc 0.0%

Value $10.7M (-6.5%) Shares 226,883 (-6.7%) Est. Cost $28.02 Unrealized —

WES Western Midstream Partners LP 0.0%

Value $27.63M (+2.7%) Shares 671,010 (-1.5%) Est. Cost $37.19 Unrealized —

NXT Nextpower Inc 0.0%

Value $2.873M (+25.8%) Shares 23,831 (-9.1%) Est. Cost $64.43 Unrealized +68.9%

— Lexington Realty Trust 0.0%

Value $492K (-54.2%) Shares 10,702 (-53.1%) Est. Cost $47.02 Unrealized —

NTST NETSTREIT Corp 0.0%

Value $19.63M (+3.0%) Shares 1,042,371 (-3.5%) Est. Cost $17.80 Unrealized —

RUN Sunrun Inc 0.0%

Value $978K (-29.9%) Shares 72,146 (-4.9%) Est. Cost $19.17 Unrealized -0.0%

GEV GE Vernova Inc 0.0%

Value $2.002M (+25.9%) Shares 2,293 (-5.7%) Est. Cost $314.28 Unrealized +134.5%

— EPR Properties 0.0%

Value $736K (-33.5%) Shares 24,220 (-34.5%) Est. Cost $28.05 Unrealized —

— Kimco Realty Corp 0.0%

Value $515K (-39.4%) Shares 8,614 (-40.6%) Est. Cost $59.99 Unrealized —

— RLJ Lodging Trust 0.0%

Value $779K (-26.1%) Shares 32,317 (-23.7%) Est. Cost $25.15 Unrealized —

SBAC SBA Communications Corp 0.0%

Value $586K (-24.6%) Shares 3,404 (-15.3%) Est. Cost $214.69 Unrealized -10.3%

UE Urban Edge Properties 0.0%

Value $5.518M (-1.1%) Shares 276,169 (-5.0%) Est. Cost $19.19 Unrealized —

AD Array Digital Infrastructure I 0.0%

Value $97,355 (-34.7%) Shares 2,110 (-24.1%) Est. Cost $41.80 Unrealized +14.2%

TT Trane Technologies plc 0.0%

Value $2.919M (+1.7%) Shares 7,004 (-5.0%) Est. Cost $325.77 Unrealized +29.6%

VRT Vertiv Holdings Co 0.0%

Value $110K (+43.5%) Shares 438 (-7.2%) Est. Cost $173.58 Unrealized +15.1%

MTZ MasTec Inc 0.0%

Value $96,200 (+26.1%) Shares 299 (-14.8%) Est. Cost $209.86 Unrealized +19.2%

ABR Arbor Realty Trust Inc 0.0%

Value $28,966 (-25.7%) Shares 3,757 (-25.2%) Est. Cost $12.21 Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
TRGP	Targa Resources Corp	1,462,383 (-12.3%)	$367M (+19.2%)	0.5%	$85.14	+136.9%	COM	87612G101
ES	Eversource Energy	283,532 (-70.2%)	$19.64M (-69.3%)	0.0%	$69.55	+0.8%	COM	30040W108
MPLX	MPLX LP	2,173,816 (-26.6%)	$124M (-21.5%)	0.2%	$24.03	—	COM UNIT REP LTD	55336V100
CCI	Crown Castle Inc	2,175,839 (-5.3%)	$177M (-13.3%)	0.2%	$95.89	-7.5%	COM	22822V101
ENB	Enbridge Inc	1,289,260 (-30.9%)	$69.8M (-21.8%)	0.1%	$42.64	+13.9%	COM	29250N105
ETR	Entergy Corp	1,080 (-99.5%)	$121K (-99.4%)	0.0%	$60.30	+61.5%	COM	29364G103
SOBO	South Bow Corp	517,205 (-57.3%)	$17.23M (-48.2%)	0.0%	$27.19	+4.8%	COM	83671M105
AWK	American Water Works Co Inc	22,198 (-83.6%)	$3.021M (-82.9%)	0.0%	$129.28	-0.3%	COM	030420103
SRE	Sempra	1,610,550 (-16.3%)	$156M (-7.8%)	0.2%	$80.77	+10.8%	COM	816851109
KGS	Kodiak Gas Services Inc	278,137 (-64.7%)	$16.22M (-45.0%)	0.0%	$34.03	+27.9%	COM	50012A108
WMB	Williams Cos Inc/The	5,187,832 (-14.5%)	$378M (+3.6%)	0.5%	$45.98	+44.3%	COM	969457100
CSX	CSX Corp	2,844,708 (-1.1%)	$117M (+12.1%)	0.2%	$34.32	+12.2%	COM	126408103
CNP	CenterPoint Energy Inc	4,270,311 (-5.2%)	$184M (+6.7%)	0.2%	$30.20	+32.5%	COM	15189T107
MAA	Mid-America Apartment Communities Inc	137,385 (-32.3%)	$16.78M (-40.4%)	0.0%	$138.62	+0.4%	COM	59522J103
EPD	Enterprise Products Partners LP	2,071,160 (-1.7%)	$78.37M (+16.1%)	0.1%	$26.43	—	COM	293792107
PCG	PG&E Corp	10,977,156 (-3.2%)	$193M (+5.8%)	0.3%	$14.50	+13.0%	COM	69331C108
SLG	SL Green Realty Corp	617 (-99.7%)	$22,792 (-99.8%)	0.0%	$61.88	—	COM	78440X887
FR	First Industrial Realty Trust Inc	308,687 (-35.8%)	$17.86M (-35.2%)	0.0%	$51.88	—	COM	32054K103
ET	Energy Transfer LP	6,445,333 (-8.8%)	$124M (+6.8%)	0.2%	$9.79	—	COM UT LTD PTN	29273V100
VTR	Ventas Inc	171,919 (-38.2%)	$14.06M (-34.7%)	0.0%	$69.25	+11.7%	COM	92276F100
HIW	Highwoods Properties Inc	1,103 (-99.6%)	$23,615 (-99.7%)	0.0%	$30.94	—	COM	431284108
EVRG	Evergy Inc	237,114 (-34.9%)	$19.42M (-26.4%)	0.0%	$65.58	+17.8%	COM	30034W106
AKR	Acadia Realty Trust	382,528 (-44.3%)	$7.314M (-48.1%)	0.0%	$20.54	—	COM SH BEN INT	004239109
ESS	Essex Property Trust Inc	53,076 (-29.2%)	$12.84M (-34.5%)	0.0%	$258.08	-0.5%	COM	297178105
PAGP	Plains GP Holdings LP	1,987,158 (-9.6%)	$48.25M (+14.7%)	0.1%	$18.21	—	LTD PARTNR INT A	72651A207
SMA	Smartstop Self Storage REIT In	134,578 (-57.8%)	$4.075M (-58.7%)	0.0%	$33.83	—	COMMON STOCK	83192D402
HESM	Hess Midstream LP	720,858 (-25.9%)	$28.02M (-16.6%)	0.0%	$32.72	+7.5%	CL A SHS	428103105
AM	Antero Midstream Corp	1,935,500 (-11.1%)	$44.13M (+14.0%)	0.1%	$17.60	+8.4%	COM	03676B102
DLR	Digital Realty Trust Inc	92,787 (-29.0%)	$16.72M (-17.3%)	0.0%	$139.63	+11.0%	COM	253868103
BRX	Brixmor Property Group Inc	617,354 (-23.1%)	$17.78M (-15.6%)	0.0%	$27.75	—	COM	11120U105
UNP	Union Pacific Corp	440,627 (-1.8%)	$107M (+3.0%)	0.1%	$230.56	+5.5%	COM	907818108
OKE	ONEOK Inc	749,150 (-15.2%)	$67.72M (+4.3%)	0.1%	$77.82	+0.9%	COM	682680103
KNTK	Kinetik Holdings Inc	285,789 (-10.7%)	$13.84M (+19.9%)	0.0%	$41.32	-2.6%	COM NEW CL A	02215L209
EPRT	Essential Properties Realty Trust Inc	585,640 (-12.6%)	$17.78M (-10.5%)	0.0%	$26.04	—	COM	29670E107
PEB	Pebblebrook Hotel Trust	263,766 (-43.5%)	$3.331M (-37.0%)	0.0%	$11.32	—	COM	70509V100
FSLR	First Solar Inc	444 (-94.2%)	$87,583 (-95.6%)	0.0%	$191.09	+24.1%	COM	336433107
NFG	National Fuel Gas Co	124,827 (-2.0%)	$11.73M (+15.1%)	0.0%	$82.39	+1.4%	COM	636180101
EXR	Extra Space Storage Inc	177,998 (-6.5%)	$23.34M (-5.8%)	0.0%	$128.51	+1.9%	COM	30225T102
BE	Bloom Energy Corp	747 (-95.3%)	$101K (-92.7%)	0.0%	$105.07	+37.7%	COM CL A	093712107
CWEN	Clearway Energy Inc	91,371 (-36.5%)	$3.59M (-25.0%)	0.0%	$29.82	+23.0%	CL C	18539C204
SPG	Simon Property Group Inc	137,654 (-5.0%)	$25.68M (-4.3%)	0.0%	$161.54	+13.9%	COM	828806109
HST	Host Hotels & Resorts Inc	437,262 (-18.4%)	$8.378M (-11.8%)	0.0%	$16.93	+7.3%	COM	44107P104
AHR	American Healthcare REIT Inc	226,883 (-6.7%)	$10.7M (-6.5%)	0.0%	$28.02	—	COM SHS	398182303
WES	Western Midstream Partners LP	671,010 (-1.5%)	$27.63M (+2.7%)	0.0%	$37.19	—	COM UNIT LP INT	958669103
NXT	Nextpower Inc	23,831 (-9.1%)	$2.873M (+25.8%)	0.0%	$64.43	+68.9%	CLASS A COM	65290E101
—	Lexington Realty Trust	10,702 (-53.1%)	$492K (-54.2%)	0.0%	$47.02	—	PFD CONV SER C	529043309
NTST	NETSTREIT Corp	1,042,371 (-3.5%)	$19.63M (+3.0%)	0.0%	$17.80	—	COM	64119V303
RUN	Sunrun Inc	72,146 (-4.9%)	$978K (-29.9%)	0.0%	$19.17	-0.0%	COM	86771W105
GEV	GE Vernova Inc	2,293 (-5.7%)	$2.002M (+25.9%)	0.0%	$314.28	+134.5%	COM	36828A101
—	EPR Properties	24,220 (-34.5%)	$736K (-33.5%)	0.0%	$28.05	—	CONV PFD 9% SR E	26884U307
—	Kimco Realty Corp	8,614 (-40.6%)	$515K (-39.4%)	0.0%	$59.99	—	DP CV CL N 7.25%	49446R687
—	RLJ Lodging Trust	32,317 (-23.7%)	$779K (-26.1%)	0.0%	$25.15	—	CUM CONV PFD A	74965L200
SBAC	SBA Communications Corp	3,404 (-15.3%)	$586K (-24.6%)	0.0%	$214.69	-10.3%	CL A	78410G104
UE	Urban Edge Properties	276,169 (-5.0%)	$5.518M (-1.1%)	0.0%	$19.19	—	COM	91704F104
AD	Array Digital Infrastructure I	2,110 (-24.1%)	$97,355 (-34.7%)	0.0%	$41.80	+14.2%	COM	911684108
TT	Trane Technologies plc	7,004 (-5.0%)	$2.919M (+1.7%)	0.0%	$325.77	+29.6%	SHS	G8994E103
VRT	Vertiv Holdings Co	438 (-7.2%)	$110K (+43.5%)	0.0%	$173.58	+15.1%	COM CL A	92537N108
MTZ	MasTec Inc	299 (-14.8%)	$96,200 (+26.1%)	0.0%	$209.86	+19.2%	COM	576323109
ABR	Arbor Realty Trust Inc	3,757 (-25.2%)	$28,966 (-25.7%)	0.0%	$12.21	—	COM	038923108

Unchanged Positions (22)

BAM Brookfield Asset Management Lt 71.4%

Value $53.03B Shares 1,193,021,145 Est. Cost $52.97 Unrealized -2.9%

CQP Cheniere Energy Partners LP 8.8%

Value $6.568B Shares 101,620,376 Est. Cost $53.36 Unrealized —

BEP Brookfield Renewable Partners 3.6%

Value $2.654B Shares 81,306,719 Est. Cost $26.10 Unrealized —

BN Brookfield Corp 2.5%

Value $1.885B Shares 46,581,943 Est. Cost $30.13 Unrealized +54.9%

LNG Cheniere Energy Inc 0.3%

Value $256M Shares 902,436 Est. Cost $108.38 Unrealized +93.6%

NEE NextEra Energy Inc 0.3%

Value $192M Shares 2,067,489 Est. Cost $70.61 Unrealized +23.4%

BEPC Brookfield Renewable Corp 0.5%

Value $402M Shares 10,094,152 Est. Cost $29.14 Unrealized +40.6%

TAC TransAlta Corp 0.5%

Value $354M Shares 26,954,624 Est. Cost $6.18 Unrealized +109.0%

TTAN SERVICETITAN INC 0.0%

Value $16.69M Shares 263,000 Est. Cost $104.38 Unrealized -22.6%

NKE NIKE Inc 0.1%

Value $53.27M Shares 1,008,598 Est. Cost $71.70 Unrealized -10.8%

DTM DT Midstream Inc 0.1%

Value $68.05M Shares 505,281 Est. Cost $82.48 Unrealized +52.7%

BIP Brookfield Infrastructure Part 0.2%

Value $169M Shares 4,686,497 Est. Cost $33.56 Unrealized —

BNT Brookfield Wealth Solutions 0.1%

Value $56.13M Shares 1,355,764 Est. Cost $38.62 Unrealized +21.3%

PARR Par Pacific Holdings Inc 0.0%

Value $3.825M Shares 61,069 Est. Cost $16.88 Unrealized +130.2%

LW Lamb Weston Holdings Inc 0.1%

Value $94.08M Shares 2,226,311 Est. Cost $59.11 Unrealized -22.7%

AEP American Electric Power Co Inc 0.0%

Value $5.029M Shares 38,366 Est. Cost $84.33 Unrealized +42.9%

CURB Curbline Properties Corp 0.0%

Value $5.795M Shares 224,687 Est. Cost $23.42 Unrealized —

AMT American Tower Corp 0.1%

Value $37.66M Shares 218,234 Est. Cost $204.35 Unrealized -14.5%

XBP XBP Global Holdings Inc 0.0%

Value $86,596 Shares 19,681 Est. Cost $6.10 Unrealized +28.1%

MET MetLife Inc 0.0%

Value $292K Shares 4,133 Est. Cost $61.77 Unrealized +25.4%

— Brookfield Real Assets Income Fund Inc 0.0%

Value $1.293M Shares 100,582 Est. Cost $15.51 Unrealized —

GLIBK GCI Liberty Inc 0.0%

Value $27.03M Shares 726,398 Est. Cost $35.09 Unrealized +8.7%

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
BAM	Brookfield Asset Management Lt	1,193,021,145	$53.03B	71.4%	$52.97	-2.9%	COMMON STOCK	113004105
CQP	Cheniere Energy Partners LP	101,620,376	$6.568B	8.8%	$53.36	—	Partnership Shares	16411Q101
BEP	Brookfield Renewable Partners	81,306,719	$2.654B	3.6%	$26.10	—	Partnership Shares	G16258108
BN	Brookfield Corp	46,581,943	$1.885B	2.5%	$30.13	+54.9%	COMMON STOCK	11271J107
LNG	Cheniere Energy Inc	902,436	$256M	0.3%	$108.38	+93.6%	COM NEW	16411R208
NEE	NextEra Energy Inc	2,067,489	$192M	0.3%	$70.61	+23.4%	COM	65339F101
BEPC	Brookfield Renewable Corp	10,094,152	$402M	0.5%	$29.14	+40.6%	COMMON STOCK	11285B108
TAC	TransAlta Corp	26,954,624	$354M	0.5%	$6.18	+109.0%	COMMON STOCK	89346D107
TTAN	SERVICETITAN INC	263,000	$16.69M	0.0%	$104.38	-22.6%	COMMON STOCK	81764X103
NKE	NIKE Inc	1,008,598	$53.27M	0.1%	$71.70	-10.8%	COMMON STOCK	654106103
DTM	DT Midstream Inc	505,281	$68.05M	0.1%	$82.48	+52.7%	COMMON STOCK	23345M107
BIP	Brookfield Infrastructure Part	4,686,497	$169M	0.2%	$33.56	—	Partnership Shares	G16252101
BNT	Brookfield Wealth Solutions	1,355,764	$56.13M	0.1%	$38.62	+21.3%	COMMON STOCK	G17434104
PARR	Par Pacific Holdings Inc	61,069	$3.825M	0.0%	$16.88	+130.2%	COMMON STOCK	69888T207
LW	Lamb Weston Holdings Inc	2,226,311	$94.08M	0.1%	$59.11	-22.7%	COMMON STOCK	513272104
AEP	American Electric Power Co Inc	38,366	$5.029M	0.0%	$84.33	+42.9%	COM	025537101
CURB	Curbline Properties Corp	224,687	$5.795M	0.0%	$23.42	—	COM	23128Q101
AMT	American Tower Corp	218,234	$37.66M	0.1%	$204.35	-14.5%	COM	03027X100
XBP	XBP Global Holdings Inc	19,681	$86,596	0.0%	$6.10	+28.1%	COMMON STOCK	98400V200
MET	MetLife Inc	4,133	$292K	0.0%	$61.77	+25.4%	COMMON STOCK	59156R108
—	Brookfield Real Assets Income Fund Inc	100,582	$1.293M	0.0%	$15.51	—	SHS BEN INT	112830104
GLIBK	GCI Liberty Inc	726,398	$27.03M	0.0%	$35.09	+8.7%	COMMON STOCK	36164V800