Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
APD	AIR PRODUCTS AND CHEMICALS I	31,642 (+3.9%)	$9.192M (+22.1%)	4.2%	—	—	COM	009158106
XEL	XCEL ENERGY INC	105,154 (+8.2%)	$8.353M (+16.4%)	3.8%	—	—	COM	98389B100
HUBB	HUBBELL INC	8,812 (+9.8%)	$4.324M (+21.4%)	2.0%	—	—	COM	443510607

Exited Positions (2)

— ADVANCED ENERGY INDS 3.7%

Value $8.201M Shares 5,000,000 Est. Cost — Unrealized —

UNP UNION PAC CORP 3.3%

Value $7.391M Shares 31,953 Est. Cost — Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
—	ADVANCED ENERGY INDS	5,000,000	$8.201M	3.7%	—	—	—	007973AE0
UNP	UNION PAC CORP	31,953	$7.391M	3.3%	—	—	—	907818108

Decreased Positions (24)

MS MORGAN STANLEY 3.2%

Value $7.023M (-37.4%) Shares 42,673 (-32.5%) Est. Cost — Unrealized —

PNC PNC FINL SVCS GROUP INC 3.5%

Value $7.836M (-29.3%) Shares 37,655 (-29.0%) Est. Cost — Unrealized —

PLD PROLOGIS INC. 2.8%

Value $6.238M (-33.9%) Shares 47,195 (-36.2%) Est. Cost — Unrealized —

LRCX LAM RESEARCH CORP 2.1%

Value $4.66M (-36.0%) Shares 21,809 (-48.7%) Est. Cost — Unrealized —

BAC BANK AMERICA CORP 2.8%

Value $6.221M (-25.8%) Shares 127,608 (-16.3%) Est. Cost — Unrealized —

JCI JOHNSON CONTROLS INTERNATION 2.6%

Value $5.776M (-25.0%) Shares 44,105 (-31.4%) Est. Cost — Unrealized —

MLM MARTIN MARIETTA MATLS INC 3.1%

Value $6.812M (-21.3%) Shares 11,572 (-16.7%) Est. Cost — Unrealized —

CPT CAMDEN PPTY TR 3.2%

Value $7.039M (-20.3%) Shares 72,077 (-10.2%) Est. Cost — Unrealized —

JPM JPMORGAN CHASE & CO 3.4%

Value $7.593M (-17.6%) Shares 25,812 (-9.8%) Est. Cost — Unrealized —

DIS DISNEY WALT CO 3.1%

Value $6.816M (-19.2%) Shares 70,717 (-4.6%) Est. Cost — Unrealized —

AAPL APPLE INC 2.8%

Value $6.168M (-18.7%) Shares 24,302 (-13.0%) Est. Cost — Unrealized —

HD HOME DEPOT INC 3.2%

Value $7.033M (-16.1%) Shares 21,384 (-12.2%) Est. Cost — Unrealized —

ALC ALCON AG 2.8%

Value $6.264M (-16.1%) Shares 83,135 (-12.3%) Est. Cost — Unrealized —

AMT AMERICAN TOWER CORP 3.6%

Value $7.904M (-10.9%) Shares 45,799 (-9.3%) Est. Cost — Unrealized —

TFC TRUIST FINL CORP 2.2%

Value $4.794M (-15.2%) Shares 104,287 (-9.3%) Est. Cost — Unrealized —

SLB SLB LIMITED 3.4%

Value $7.54M (+12.1%) Shares 146,717 (-16.3%) Est. Cost — Unrealized —

KO COCA COLA CO 4.1%

Value $9.05M (-8.1%) Shares 118,995 (-15.5%) Est. Cost — Unrealized —

PFE PFIZER INC 4.0%

Value $8.848M (-6.8%) Shares 315,112 (-17.3%) Est. Cost — Unrealized —

SRE SEMPRA 5.1%

Value $11.24M (-4.9%) Shares 115,679 (-13.6%) Est. Cost — Unrealized —

EXE EXPAND ENERGY CORPORATION 3.7%

Value $8.171M (-5.2%) Shares 74,433 (-4.7%) Est. Cost — Unrealized —

TXN TEXAS INSTRS INC 4.1%

Value $9.155M (-4.6%) Shares 47,159 (-14.7%) Est. Cost — Unrealized —

OKE ONEOK INC NEW 3.1%

Value $6.886M (+6.4%) Shares 76,179 (-13.5%) Est. Cost — Unrealized —

FERG FERGUSON ENTERPRISES INC 3.0%

Value $6.553M (-3.5%) Shares 28,091 (-7.9%) Est. Cost — Unrealized —

— NEXTERA ENERGY INC 4.5%

Value $10.03M (-1.7%) Shares 179,085 (-9.1%) Est. Cost — Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
MS	MORGAN STANLEY	42,673 (-32.5%)	$7.023M (-37.4%)	3.2%	—	—	COM NEW	617446448
PNC	PNC FINL SVCS GROUP INC	37,655 (-29.0%)	$7.836M (-29.3%)	3.5%	—	—	COM	693475105
PLD	PROLOGIS INC.	47,195 (-36.2%)	$6.238M (-33.9%)	2.8%	—	—	COM	74340W103
LRCX	LAM RESEARCH CORP	21,809 (-48.7%)	$4.66M (-36.0%)	2.1%	—	—	COM NEW	512807306
BAC	BANK AMERICA CORP	127,608 (-16.3%)	$6.221M (-25.8%)	2.8%	—	—	COM	060505104
JCI	JOHNSON CONTROLS INTERNATION	44,105 (-31.4%)	$5.776M (-25.0%)	2.6%	—	—	SHS	G51502105
MLM	MARTIN MARIETTA MATLS INC	11,572 (-16.7%)	$6.812M (-21.3%)	3.1%	—	—	COM	573284106
CPT	CAMDEN PPTY TR	72,077 (-10.2%)	$7.039M (-20.3%)	3.2%	—	—	SH BEN INT	133131102
JPM	JPMORGAN CHASE & CO	25,812 (-9.8%)	$7.593M (-17.6%)	3.4%	—	—	COM	46625H100
DIS	DISNEY WALT CO	70,717 (-4.6%)	$6.816M (-19.2%)	3.1%	—	—	COM	254687106
AAPL	APPLE INC	24,302 (-13.0%)	$6.168M (-18.7%)	2.8%	—	—	COM	037833100
HD	HOME DEPOT INC	21,384 (-12.2%)	$7.033M (-16.1%)	3.2%	—	—	COM	437076102
ALC	ALCON AG	83,135 (-12.3%)	$6.264M (-16.1%)	2.8%	—	—	ORD SHS	H01301128
AMT	AMERICAN TOWER CORP	45,799 (-9.3%)	$7.904M (-10.9%)	3.6%	—	—	COM	03027X100
TFC	TRUIST FINL CORP	104,287 (-9.3%)	$4.794M (-15.2%)	2.2%	—	—	COM	89832Q109
SLB	SLB LIMITED	146,717 (-16.3%)	$7.54M (+12.1%)	3.4%	—	—	COM STK	806857108
KO	COCA COLA CO	118,995 (-15.5%)	$9.05M (-8.1%)	4.1%	—	—	COM	191216100
PFE	PFIZER INC	315,112 (-17.3%)	$8.848M (-6.8%)	4.0%	—	—	COM	717081103
SRE	SEMPRA	115,679 (-13.6%)	$11.24M (-4.9%)	5.1%	—	—	COM	816851109
EXE	EXPAND ENERGY CORPORATION	74,433 (-4.7%)	$8.171M (-5.2%)	3.7%	—	—	COM	165167735
TXN	TEXAS INSTRS INC	47,159 (-14.7%)	$9.155M (-4.6%)	4.1%	—	—	COM	882508104
OKE	ONEOK INC NEW	76,179 (-13.5%)	$6.886M (+6.4%)	3.1%	—	—	COM	682680103
FERG	FERGUSON ENTERPRISES INC	28,091 (-7.9%)	$6.553M (-3.5%)	3.0%	—	—	COMMON STOCK NEW	31488V107
—	NEXTERA ENERGY INC	179,085 (-9.1%)	$10.03M (-1.7%)	4.5%	—	—	UNIT 06/01/2027	65339F663

Unchanged Positions (3)

MSFT MICROSOFT CORP 3.3%

Value $7.349M Shares 19,853 Est. Cost — Unrealized —

DHR DANAHER CORP DEL 2.5%

Value $5.608M Shares 29,576 Est. Cost — Unrealized —

NEE NEXTERA ENERGY INC 0.1%

Value $264K Shares 2,842 Est. Cost — Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
MSFT	MICROSOFT CORP	19,853	$7.349M	3.3%	—	—	COM	594918104
DHR	DANAHER CORP DEL	29,576	$5.608M	2.5%	—	—	COM	235851102
NEE	NEXTERA ENERGY INC	2,842	$264K	0.1%	—	—	COM	65339F101