BROOKFIELD Corp /ON/ Quant / Systematic

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
FE	FirstEnergy Corp	2,464,418	$110,332	0.1%	$45.73	0.0%	COM	337932107
ES	Eversource Energy	949,925	$63,958	0.1%	$69.55	0.0%	COM	30040W108
SWX	Southwest Gas Holdings Inc	338,070	$27,052	0.0%	$80.11	0.0%	COM	844895102
GLIBK	GCI Liberty Inc	726,398	$27,029	0.0%	$35.09	0.0%	COMMON STOCK	36164V800
AKR	Acadia Realty Trust	686,601	$14,103	0.0%	$20.54	—	COM SH BEN INT	004239109
NFG	National Fuel Gas Co	127,327	$10,194	0.0%	$82.39	0.0%	COM	636180101
HST	Host Hotels & Resorts Inc	535,588	$9,496	0.0%	$16.93	0.0%	COM	44107P104
LXP	LXP Industrial Trust	127,968	$6,345	0.0%	$49.58	—	COM	529043408
UE	Urban Edge Properties	290,614	$5,577	0.0%	$19.19	—	COM	91704F104
PEB	Pebblebrook Hotel Trust	466,769	$5,284	0.0%	$11.32	—	COM	70509V100
ADC	Agree Realty Corp	34,417	$2,479	0.0%	$72.03	—	COM	008492100
ARE	Alexandria Real Estate Equities Inc	36,860	$1,804	0.0%	$58.01	0.0%	COM	015271109
RUN	Sunrun Inc	75,864	$1,396	0.0%	$19.17	0.0%	COM	86771W105
BE	Bloom Energy Corp	15,970	$1,388	0.0%	$105.07	0.0%	COM CL A	093712107
TRNO	Terreno Realty Corp	8,856	$520	0.0%	$58.71	—	COM	88146M101
XBP	XBP Global Holdings Inc	19,682	$134	0.0%	$6.10	0.0%	COMMON STOCK	98400V200
TLN	Talen Energy Corp	349	$131	0.0%	$388.68	0.0%	COM	87422Q109
NRG	NRG Energy Inc	703	$112	0.0%	$165.30	0.0%	COM NEW	629377508
VST	Vistra Corp	624	$101	0.0%	$181.92	0.0%	COM	92840M102
VRT	Vertiv Holdings Co	472	$76	0.0%	$173.58	0.0%	COM CL A	92537N108
MTZ	MasTec Inc	351	$76	0.0%	$209.86	0.0%	COM	576323109
EMLP	FT NORTH AMERICAN ENERGY INFRA	101	$4	0.0%	$37.99	—	NO AMER ENERGY	33738D101

Increased Positions (33)

BEP Brookfield Renewable Partners 2.7%

Value ($000) $2,192,842 (+14.4%) Shares 81,306,719 (+9.4%) Est. Cost $26.10 Unrealized —

TRGP Targa Resources Corp 0.4%

Value ($000) $307,581 (+39.0%) Shares 1,667,106 (+26.2%) Est. Cost $85.14 Unrealized +97.4%

EQIX Equinix Inc 0.1%

Value ($000) $77,629 (+66.7%) Shares 101,322 (+70.4%) Est. Cost $736.91 Unrealized +6.0%

CSX CSX Corp 0.1%

Value ($000) $104,216 (+30.6%) Shares 2,874,913 (+27.9%) Est. Cost $34.32 Unrealized +4.0%

WES Western Midstream Partners LP 0.0%

Value ($000) $26,895 (+625.8%) Shares 680,884 (+621.9%) Est. Cost $37.19 Unrealized —

NKE NIKE Inc 0.1%

Value ($000) $64,258 (+39.9%) Shares 1,008,598 (+53.1%) Est. Cost $71.70 Unrealized -9.5%

ESS Essex Property Trust Inc 0.0%

Value ($000) $19,605 (+803.7%) Shares 74,920 (+824.4%) Est. Cost $258.08 Unrealized -0.7%

MPLX MPLX LP 0.2%

Value ($000) $157,966 (+11.9%) Shares 2,959,830 (+4.8%) Est. Cost $24.03 Unrealized —

WMB Williams Cos Inc/The 0.5%

Value ($000) $364,570 (-3.3%) Shares 6,065,040 (+1.9%) Est. Cost $45.98 Unrealized +30.6%

CCI Crown Castle Inc 0.3%

Value ($000) $204,117 (-5.7%) Shares 2,296,807 (+2.4%) Est. Cost $95.89 Unrealized -5.0%

SRE Sempra 0.2%

Value ($000) $169,828 (+7.7%) Shares 1,923,524 (+9.7%) Est. Cost $80.77 Unrealized +12.1%

MAA Mid-America Apartment Communities Inc 0.0%

Value ($000) $28,171 (+70.8%) Shares 202,799 (+71.8%) Est. Cost $138.62 Unrealized -4.0%

NTST NETSTREIT Corp 0.0%

Value ($000) $19,060 (+152.5%) Shares 1,080,483 (+158.5%) Est. Cost $17.80 Unrealized —

BN BROOKFIELD CORP 2.6%

Value ($000) $2,137,645 (+0.5%) Shares 46,581,943 (+50.2%) Est. Cost $30.13 Unrealized +51.2%

IRM Iron Mountain Inc 0.0%

Value ($000) $11,888 (+671.6%) Shares 143,320 (+848.2%) Est. Cost $91.11 Unrealized +1.8%

PLD Prologis Inc 0.1%

Value ($000) $41,520 (+28.1%) Shares 325,235 (+15.0%) Est. Cost $98.59 Unrealized +25.6%

SPG Simon Property Group Inc 0.0%

Value ($000) $26,821 (+51.4%) Shares 144,890 (+53.5%) Est. Cost $161.54 Unrealized +11.4%

VTR Ventas Inc 0.0%

Value ($000) $21,521 (+66.8%) Shares 278,127 (+50.9%) Est. Cost $69.25 Unrealized +8.3%

LW Lamb Weston Holdings Inc 0.1%

Value ($000) $93,260 (-7.0%) Shares 2,226,311 (+29.0%) Est. Cost $59.11 Unrealized -0.7%

KGS Kodiak Gas Services Inc 0.0%

Value ($000) $29,485 (+23.8%) Shares 788,373 (+22.3%) Est. Cost $34.03 Unrealized +3.9%

FR First Industrial Realty Trust Inc 0.0%

Value ($000) $27,549 (+19.7%) Shares 481,037 (+7.6%) Est. Cost $51.88 Unrealized —

SMA Smartstop Self Storage REIT In 0.0%

Value ($000) $9,862 (+50.4%) Shares 318,738 (+83.0%) Est. Cost $33.83 Unrealized —

AM Antero Midstream Corp 0.0%

Value ($000) $38,711 (+6.5%) Shares 2,175,993 (+16.3%) Est. Cost $17.60 Unrealized +0.8%

CWEN Clearway Energy Inc 0.0%

Value ($000) $4,787 (+93.2%) Shares 143,933 (+64.1%) Est. Cost $29.82 Unrealized +10.7%

PAA Plains All American Pipeline LP 0.0%

Value ($000) $12,552 (+16.9%) Shares 698,886 (+11.1%) Est. Cost $15.86 Unrealized —

GLNG Golar LNG Ltd 0.0%

Value ($000) $26,060 (+3.9%) Shares 700,347 (+12.8%) Est. Cost $29.61 Unrealized +28.7%

WM Waste Management Inc 0.0%

Value ($000) $4,375 (+23.4%) Shares 19,914 (+24.0%) Est. Cost $212.57 Unrealized -0.0%

BNT Brookfield Wealth Solutions Ltd 0.1%

Value ($000) $62,297 (+0.6%) Shares 1,355,764 (+50.0%) Est. Cost $38.62 Unrealized +18.0%

RSG Republic Services Inc 0.0%

Value ($000) $2,831 (+13.6%) Shares 13,359 (+23.0%) Est. Cost $163.61 Unrealized +31.2%

AMLP ALERIAN MLP ETF 0.0%

Value ($000) $507 (+108.8%) Shares 10,790 (+108.4%) Est. Cost $47.22 Unrealized —

AEP American Electric Power Co Inc 0.0%

Value ($000) $4,435 (+5.1%) Shares 38,460 (+2.6%) Est. Cost $84.33 Unrealized +39.6%

KNTK Kinetik Holdings Inc 0.0%

Value ($000) $11,535 (-1.7%) Shares 319,973 (+16.5%) Est. Cost $41.32 Unrealized -12.6%

BRX Brixmor Property Group Inc 0.0%

Value ($000) $21,059 (+1.0%) Shares 803,155 (+6.6%) Est. Cost $27.75 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
BEP	Brookfield Renewable Partners	81,306,719 (+9.4%)	$2,192,842 (+14.4%)	2.7%	$26.10	—	Partnership Shares	G16258108
TRGP	Targa Resources Corp	1,667,106 (+26.2%)	$307,581 (+39.0%)	0.4%	$85.14	+97.4%	COM	87612G101
EQIX	Equinix Inc	101,322 (+70.4%)	$77,629 (+66.7%)	0.1%	$736.91	+6.0%	COM	29444U700
CSX	CSX Corp	2,874,913 (+27.9%)	$104,216 (+30.6%)	0.1%	$34.32	+4.0%	COM	126408103
WES	Western Midstream Partners LP	680,884 (+621.9%)	$26,895 (+625.8%)	0.0%	$37.19	—	COM UNIT LP INT	958669103
NKE	NIKE Inc	1,008,598 (+53.1%)	$64,258 (+39.9%)	0.1%	$71.70	-9.5%	COMMON STOCK	654106103
ESS	Essex Property Trust Inc	74,920 (+824.4%)	$19,605 (+803.7%)	0.0%	$258.08	-0.7%	COM	297178105
MPLX	MPLX LP	2,959,830 (+4.8%)	$157,966 (+11.9%)	0.2%	$24.03	—	COM UNIT REP LTD	55336V100
WMB	Williams Cos Inc/The	6,065,040 (+1.9%)	$364,570 (-3.3%)	0.5%	$45.98	+30.6%	COM	969457100
CCI	Crown Castle Inc	2,296,807 (+2.4%)	$204,117 (-5.7%)	0.3%	$95.89	-5.0%	COM	22822V101
SRE	Sempra	1,923,524 (+9.7%)	$169,828 (+7.7%)	0.2%	$80.77	+12.1%	COM	816851109
MAA	Mid-America Apartment Communities Inc	202,799 (+71.8%)	$28,171 (+70.8%)	0.0%	$138.62	-4.0%	COM	59522J103
NTST	NETSTREIT Corp	1,080,483 (+158.5%)	$19,060 (+152.5%)	0.0%	$17.80	—	COM	64119V303
BN	BROOKFIELD CORP	46,581,943 (+50.2%)	$2,137,645 (+0.5%)	2.6%	$30.13	+51.2%	COMMON STOCK	11271J107
IRM	Iron Mountain Inc	143,320 (+848.2%)	$11,888 (+671.6%)	0.0%	$91.11	+1.8%	COM	46284V101
PLD	Prologis Inc	325,235 (+15.0%)	$41,520 (+28.1%)	0.1%	$98.59	+25.6%	COM	74340W103
SPG	Simon Property Group Inc	144,890 (+53.5%)	$26,821 (+51.4%)	0.0%	$161.54	+11.4%	COM	828806109
VTR	Ventas Inc	278,127 (+50.9%)	$21,521 (+66.8%)	0.0%	$69.25	+8.3%	COM	92276F100
LW	Lamb Weston Holdings Inc	2,226,311 (+29.0%)	$93,260 (-7.0%)	0.1%	$59.11	-0.7%	COMMON STOCK	513272104
KGS	Kodiak Gas Services Inc	788,373 (+22.3%)	$29,485 (+23.8%)	0.0%	$34.03	+3.9%	COM	50012A108
FR	First Industrial Realty Trust Inc	481,037 (+7.6%)	$27,549 (+19.7%)	0.0%	$51.88	—	COM	32054K103
SMA	Smartstop Self Storage REIT In	318,738 (+83.0%)	$9,862 (+50.4%)	0.0%	$33.83	—	COMMON STOCK	83192D402
AM	Antero Midstream Corp	2,175,993 (+16.3%)	$38,711 (+6.5%)	0.0%	$17.60	+0.8%	COM	03676B102
CWEN	Clearway Energy Inc	143,933 (+64.1%)	$4,787 (+93.2%)	0.0%	$29.82	+10.7%	CL C	18539C204
PAA	Plains All American Pipeline LP	698,886 (+11.1%)	$12,552 (+16.9%)	0.0%	$15.86	—	UNIT LTD PARTN	726503105
GLNG	Golar LNG Ltd	700,347 (+12.8%)	$26,060 (+3.9%)	0.0%	$29.61	+28.7%	SHS	G9456A100
WM	Waste Management Inc	19,914 (+24.0%)	$4,375 (+23.4%)	0.0%	$212.57	-0.0%	COM	94106L109
BNT	Brookfield Wealth Solutions Ltd	1,355,764 (+50.0%)	$62,297 (+0.6%)	0.1%	$38.62	+18.0%	COMMON STOCK	G17434104
RSG	Republic Services Inc	13,359 (+23.0%)	$2,831 (+13.6%)	0.0%	$163.61	+31.2%	COM	760759100
AMLP	ALERIAN MLP ETF	10,790 (+108.4%)	$507 (+108.8%)	0.0%	$47.22	—	ALERIAN MLP	00162Q452
AEP	American Electric Power Co Inc	38,460 (+2.6%)	$4,435 (+5.1%)	0.0%	$84.33	+39.6%	COM	025537101
KNTK	Kinetik Holdings Inc	319,973 (+16.5%)	$11,535 (-1.7%)	0.0%	$41.32	-12.6%	COM NEW CL A	02215L209
BRX	Brixmor Property Group Inc	803,155 (+6.6%)	$21,059 (+1.0%)	0.0%	$27.75	—	COM	11120U105

Exited Positions (12)

DUK Duke Energy Corp 0.1%

Value ($000) $52,253 Shares 422,247 Est. Cost $98.26 Unrealized +23.7%

— Aris Water Solutions Inc 0.0%

Value ($000) $31,380 Shares 1,272,500 Est. Cost $24.66 Unrealized —

VICI VICI Properties Inc 0.0%

Value ($000) $22,072 Shares 676,853 Est. Cost $30.36 Unrealized -3.5%

MAC Macerich Co/The 0.0%

Value ($000) $10,004 Shares 549,691 Est. Cost $16.69 Unrealized —

— LXP Industrial Trust 0.0%

Value ($000) $6,579 Shares 734,298 Est. Cost $8.26 Unrealized —

PEG Public Service Enterprise Group Inc 0.0%

Value ($000) $4,002 Shares 47,950 Est. Cost $58.36 Unrealized +38.9%

WBI WaterBridge Infrastructure LLC 0.0%

Value ($000) $2,250 Shares 89,209 Est. Cost $23.45 Unrealized -1.0%

STAG STAG Industrial Inc 0.0%

Value ($000) $510 Shares 14,460 Est. Cost $33.78 Unrealized —

EGP EastGroup Properties Inc 0.0%

Value ($000) $196 Shares 1,159 Est. Cost $173.79 Unrealized —

VNET Vnet Group Inc 0.0%

Value ($000) $175 Shares 16,970 Est. Cost $10.33 Unrealized —

— XBP Global Holdings Inc 0.0%

Value ($000) $159 Shares 196,817 Est. Cost $0.81 Unrealized —

TXNM TXNM Energy Inc 0.0%

Value ($000) $7 Shares 122 Est. Cost $50.19 Unrealized +15.0%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
DUK	Duke Energy Corp	422,247	$52,253	0.1%	$98.26	+23.7%	—	26441C204
—	Aris Water Solutions Inc	1,272,500	$31,380	0.0%	$24.66	—	—	04041L106
VICI	VICI Properties Inc	676,853	$22,072	0.0%	$30.36	-3.5%	—	925652109
MAC	Macerich Co/The	549,691	$10,004	0.0%	$16.69	—	—	554382101
—	LXP Industrial Trust	734,298	$6,579	0.0%	$8.26	—	—	529043101
PEG	Public Service Enterprise Group Inc	47,950	$4,002	0.0%	$58.36	+38.9%	—	744573106
WBI	WaterBridge Infrastructure LLC	89,209	$2,250	0.0%	$23.45	-1.0%	—	940923105
STAG	STAG Industrial Inc	14,460	$510	0.0%	$33.78	—	—	85254J102
EGP	EastGroup Properties Inc	1,159	$196	0.0%	$173.79	—	—	277276101
VNET	Vnet Group Inc	16,970	$175	0.0%	$10.33	—	—	90138A103
—	XBP Global Holdings Inc	196,817	$159	0.0%	$0.81	—	—	98400V101
TXNM	TXNM Energy Inc	122	$7	0.0%	$50.19	+15.0%	—	69349H107

Decreased Positions (43)

ETR Entergy Corp 0.0%

Value ($000) $19,311 (-86.8%) Shares 208,923 (-86.7%) Est. Cost $60.30 Unrealized +56.8%

LNG Cheniere Energy Inc 0.2%

Value ($000) $176,337 (-41.6%) Shares 907,129 (-29.4%) Est. Cost $108.38 Unrealized +93.8%

ET Energy Transfer LP 0.1%

Value ($000) $116,476 (-33.3%) Shares 7,063,419 (-30.6%) Est. Cost $9.79 Unrealized —

AWK American Water Works Co Inc 0.0%

Value ($000) $17,710 (-74.0%) Shares 135,706 (-72.3%) Est. Cost $129.28 Unrealized +3.0%

AMT American Tower Corp 0.0%

Value ($000) $38,043 (-49.9%) Shares 216,684 (-45.1%) Est. Cost $204.35 Unrealized -11.8%

XEL Xcel Energy Inc 0.2%

Value ($000) $167,552 (-15.0%) Shares 2,268,511 (-7.2%) Est. Cost $57.41 Unrealized +36.4%

AVB AvalonBay Communities Inc 0.0%

Value ($000) $12,460 (-69.4%) Shares 68,721 (-67.4%) Est. Cost $209.62 Unrealized -14.2%

ENB Enbridge Inc 0.1%

Value ($000) $89,247 (-14.9%) Shares 1,865,925 (-10.2%) Est. Cost $42.64 Unrealized +10.5%

HESM Hess Midstream LP 0.0%

Value ($000) $33,578 (-29.4%) Shares 973,289 (-29.2%) Est. Cost $32.72 Unrealized -0.3%

EXR Extra Space Storage Inc 0.0%

Value ($000) $24,790 (-35.8%) Shares 190,371 (-30.5%) Est. Cost $128.51 Unrealized +5.1%

DLR Digital Realty Trust Inc 0.0%

Value ($000) $20,208 (-33.0%) Shares 130,618 (-25.2%) Est. Cost $139.63 Unrealized +16.8%

BNL Broadstone Net Lease Inc 0.0%

Value ($000) $991 (-90.2%) Shares 57,047 (-89.9%) Est. Cost $17.87 Unrealized —

PCG PG&E Corp 0.2%

Value ($000) $182,307 (+4.8%) Shares 11,344,525 (-1.7%) Est. Cost $14.50 Unrealized +9.8%

SLG SL Green Realty Corp 0.0%

Value ($000) $10,055 (-44.9%) Shares 219,204 (-28.2%) Est. Cost $61.88 Unrealized —

OKE ONEOK Inc 0.1%

Value ($000) $64,937 (-9.3%) Shares 883,496 (-9.9%) Est. Cost $77.82 Unrealized -9.5%

UNP Union Pacific Corp 0.1%

Value ($000) $103,789 (-5.8%) Shares 448,681 (-3.8%) Est. Cost $230.56 Unrealized -1.4%

IDA IDACORP Inc 0.0%

Value ($000) $31,722 (-15.8%) Shares 250,651 (-12.0%) Est. Cost $115.85 Unrealized +12.3%

DTM DT Midstream Inc 0.1%

Value ($000) $61,071 (-8.7%) Shares 510,282 (-13.8%) Est. Cost $82.48 Unrealized +38.6%

CURB Curbline Properties Corp 0.0%

Value ($000) $5,218 (-51.3%) Shares 224,803 (-53.2%) Est. Cost $23.42 Unrealized —

NEE NextEra Energy Inc 0.2%

Value ($000) $166,255 (+3.4%) Shares 2,070,933 (-2.8%) Est. Cost $70.61 Unrealized +16.8%

CNP CenterPoint Energy Inc 0.2%

Value ($000) $172,659 (-2.8%) Shares 4,503,373 (-1.7%) Est. Cost $30.20 Unrealized +28.7%

TRP TC Energy Corp 0.1%

Value ($000) $87,687 (-5.1%) Shares 1,594,020 (-6.2%) Est. Cost $48.56 Unrealized +9.9%

AHR American Healthcare REIT Inc 0.0%

Value ($000) $11,439 (-29.2%) Shares 243,075 (-36.8%) Est. Cost $28.02 Unrealized —

EPD Enterprise Products Partners LP 0.1%

Value ($000) $67,522 (-6.5%) Shares 2,106,123 (-8.8%) Est. Cost $26.43 Unrealized —

KMI Kinder Morgan Inc 0.1%

Value ($000) $61,452 (-7.1%) Shares 2,235,434 (-4.3%) Est. Cost $23.92 Unrealized +12.5%

OHI Omega Healthcare Investors Inc 0.0%

Value ($000) $14,382 (-22.8%) Shares 324,352 (-26.5%) Est. Cost $38.44 Unrealized —

EVRG Evergy Inc 0.0%

Value ($000) $26,396 (-12.6%) Shares 364,131 (-8.4%) Est. Cost $65.58 Unrealized +15.1%

SOBO South Bow Corp 0.0%

Value ($000) $33,298 (-9.5%) Shares 1,212,156 (-6.8%) Est. Cost $27.19 Unrealized -0.1%

SUI Sun Communities Inc 0.0%

Value ($000) $1,312 (-72.4%) Shares 10,590 (-71.2%) Est. Cost $122.97 Unrealized —

PAGP Plains GP Holdings LP 0.1%

Value ($000) $42,077 (-4.5%) Shares 2,198,374 (-9.0%) Est. Cost $18.21 Unrealized —

WELL Welltower Inc 0.1%

Value ($000) $55,336 (-2.2%) Shares 298,131 (-6.1%) Est. Cost $108.40 Unrealized +72.0%

ITRI Itron Inc 0.0%

Value ($000) $2,129 (-28.8%) Shares 22,927 (-4.6%) Est. Cost $97.62 Unrealized +11.6%

GEV GE Vernova Inc 0.0%

Value ($000) $1,589 (-34.5%) Shares 2,432 (-38.4%) Est. Cost $314.28 Unrealized +93.8%

CEG Constellation Energy Corp 0.0%

Value ($000) $2,856 (-18.5%) Shares 8,085 (-24.1%) Est. Cost $322.17 Unrealized +12.7%

TT Trane Technologies plc 0.0%

Value ($000) $2,870 (-15.1%) Shares 7,374 (-7.9%) Est. Cost $325.77 Unrealized +27.0%

FSLR First Solar Inc 0.0%

Value ($000) $1,993 (-20.0%) Shares 7,629 (-32.4%) Est. Cost $191.09 Unrealized +32.0%

— EPR Properties 0.0%

Value ($000) $1,107 (-28.5%) Shares 36,999 (-24.6%) Est. Cost $28.05 Unrealized —

EPRT Essential Properties Realty Trust Inc 0.0%

Value ($000) $19,864 (-2.0%) Shares 669,714 (-1.7%) Est. Cost $26.04 Unrealized —

XYL Xylem Inc/NY 0.0%

Value ($000) $1,835 (-14.2%) Shares 13,474 (-7.1%) Est. Cost $109.55 Unrealized +31.1%

SBAC SBA Communications Corp 0.0%

Value ($000) $777 (-9.7%) Shares 4,019 (-9.7%) Est. Cost $214.69 Unrealized -10.3%

— Lexington Realty Trust 0.0%

Value ($000) $1,074 (-7.2%) Shares 22,812 (-5.4%) Est. Cost $47.02 Unrealized —

NXT Nextpower Inc 0.0%

Value ($000) $2,283 (+3.6%) Shares 26,212 (-12.0%) Est. Cost $64.43 Unrealized +40.7%

— Kimco Realty Corp 0.0%

Value ($000) $850 (-8.0%) Shares 14,508 (-6.5%) Est. Cost $59.99 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
ETR	Entergy Corp	208,923 (-86.7%)	$19,311 (-86.8%)	0.0%	$60.30	+56.8%	COM	29364G103
LNG	Cheniere Energy Inc	907,129 (-29.4%)	$176,337 (-41.6%)	0.2%	$108.38	+93.8%	COM NEW	16411R208
ET	Energy Transfer LP	7,063,419 (-30.6%)	$116,476 (-33.3%)	0.1%	$9.79	—	COM UT LTD PTN	29273V100
AWK	American Water Works Co Inc	135,706 (-72.3%)	$17,710 (-74.0%)	0.0%	$129.28	+3.0%	COM	030420103
AMT	American Tower Corp	216,684 (-45.1%)	$38,043 (-49.9%)	0.0%	$204.35	-11.8%	COM	03027X100
XEL	Xcel Energy Inc	2,268,511 (-7.2%)	$167,552 (-15.0%)	0.2%	$57.41	+36.4%	COM	98389B100
AVB	AvalonBay Communities Inc	68,721 (-67.4%)	$12,460 (-69.4%)	0.0%	$209.62	-14.2%	COM	053484101
ENB	Enbridge Inc	1,865,925 (-10.2%)	$89,247 (-14.9%)	0.1%	$42.64	+10.5%	COM	29250N105
HESM	Hess Midstream LP	973,289 (-29.2%)	$33,578 (-29.4%)	0.0%	$32.72	-0.3%	CL A SHS	428103105
EXR	Extra Space Storage Inc	190,371 (-30.5%)	$24,790 (-35.8%)	0.0%	$128.51	+5.1%	COM	30225T102
DLR	Digital Realty Trust Inc	130,618 (-25.2%)	$20,208 (-33.0%)	0.0%	$139.63	+16.8%	COM	253868103
BNL	Broadstone Net Lease Inc	57,047 (-89.9%)	$991 (-90.2%)	0.0%	$17.87	—	COM	11135E203
PCG	PG&E Corp	11,344,525 (-1.7%)	$182,307 (+4.8%)	0.2%	$14.50	+9.8%	COM	69331C108
SLG	SL Green Realty Corp	219,204 (-28.2%)	$10,055 (-44.9%)	0.0%	$61.88	—	COM	78440X887
OKE	ONEOK Inc	883,496 (-9.9%)	$64,937 (-9.3%)	0.1%	$77.82	-9.5%	COM	682680103
UNP	Union Pacific Corp	448,681 (-3.8%)	$103,789 (-5.8%)	0.1%	$230.56	-1.4%	COM	907818108
IDA	IDACORP Inc	250,651 (-12.0%)	$31,722 (-15.8%)	0.0%	$115.85	+12.3%	COM	451107106
DTM	DT Midstream Inc	510,282 (-13.8%)	$61,071 (-8.7%)	0.1%	$82.48	+38.6%	COMMON STOCK	23345M107
CURB	Curbline Properties Corp	224,803 (-53.2%)	$5,218 (-51.3%)	0.0%	$23.42	—	COM	23128Q101
NEE	NextEra Energy Inc	2,070,933 (-2.8%)	$166,255 (+3.4%)	0.2%	$70.61	+16.8%	COM	65339F101
CNP	CenterPoint Energy Inc	4,503,373 (-1.7%)	$172,659 (-2.8%)	0.2%	$30.20	+28.7%	COM	15189T107
TRP	TC Energy Corp	1,594,020 (-6.2%)	$87,687 (-5.1%)	0.1%	$48.56	+9.9%	COM	87807B107
AHR	American Healthcare REIT Inc	243,075 (-36.8%)	$11,439 (-29.2%)	0.0%	$28.02	—	COM SHS	398182303
EPD	Enterprise Products Partners LP	2,106,123 (-8.8%)	$67,522 (-6.5%)	0.1%	$26.43	—	COM	293792107
KMI	Kinder Morgan Inc	2,235,434 (-4.3%)	$61,452 (-7.1%)	0.1%	$23.92	+12.5%	COM	49456B101
OHI	Omega Healthcare Investors Inc	324,352 (-26.5%)	$14,382 (-22.8%)	0.0%	$38.44	—	COM	681936100
EVRG	Evergy Inc	364,131 (-8.4%)	$26,396 (-12.6%)	0.0%	$65.58	+15.1%	COM	30034W106
SOBO	South Bow Corp	1,212,156 (-6.8%)	$33,298 (-9.5%)	0.0%	$27.19	-0.1%	COM	83671M105
SUI	Sun Communities Inc	10,590 (-71.2%)	$1,312 (-72.4%)	0.0%	$122.97	—	COM	866674104
PAGP	Plains GP Holdings LP	2,198,374 (-9.0%)	$42,077 (-4.5%)	0.1%	$18.21	—	LTD PARTNR INT A	72651A207
WELL	Welltower Inc	298,131 (-6.1%)	$55,336 (-2.2%)	0.1%	$108.40	+72.0%	COM	95040Q104
ITRI	Itron Inc	22,927 (-4.6%)	$2,129 (-28.8%)	0.0%	$97.62	+11.6%	COM	465741106
GEV	GE Vernova Inc	2,432 (-38.4%)	$1,589 (-34.5%)	0.0%	$314.28	+93.8%	COM	36828A101
CEG	Constellation Energy Corp	8,085 (-24.1%)	$2,856 (-18.5%)	0.0%	$322.17	+12.7%	COM	21037T109
TT	Trane Technologies plc	7,374 (-7.9%)	$2,870 (-15.1%)	0.0%	$325.77	+27.0%	SHS	G8994E103
FSLR	First Solar Inc	7,629 (-32.4%)	$1,993 (-20.0%)	0.0%	$191.09	+32.0%	COM	336433107
—	EPR Properties	36,999 (-24.6%)	$1,107 (-28.5%)	0.0%	$28.05	—	CONV PFD 9% SR E	26884U307
EPRT	Essential Properties Realty Trust Inc	669,714 (-1.7%)	$19,864 (-2.0%)	0.0%	$26.04	—	COM	29670E107
XYL	Xylem Inc/NY	13,474 (-7.1%)	$1,835 (-14.2%)	0.0%	$109.55	+31.1%	COM	98419M100
SBAC	SBA Communications Corp	4,019 (-9.7%)	$777 (-9.7%)	0.0%	$214.69	-10.3%	CL A	78410G104
—	Lexington Realty Trust	22,812 (-5.4%)	$1,074 (-7.2%)	0.0%	$47.02	—	PFD CONV SER C	529043309
NXT	Nextpower Inc	26,212 (-12.0%)	$2,283 (+3.6%)	0.0%	$64.43	+40.7%	CLASS A COM	65290E101
—	Kimco Realty Corp	14,508 (-6.5%)	$850 (-8.0%)	0.0%	$59.99	—	DP CV CL N 7.25%	49446R687

Unchanged Positions (31)

BAM BROOKFIELD ASSET MANAGEMENT LTD 77.4%

Value ($000) $62,502,378 Shares 1,193,021,145 Est. Cost $52.97 Unrealized +1.0%

BBU Brookfield Business Partners L 1.9%

Value ($000) $1,538,532 Shares 43,708,285 Est. Cost $31.43 Unrealized —

BBUC Brookfield Business Corp 2.1%

Value ($000) $1,695,146 Shares 47,244,876 Est. Cost $25.31 Unrealized +38.4%

BEPC Brookfield Renewable Corp 0.5%

Value ($000) $387,010 Shares 10,094,152 Est. Cost $29.14 Unrealized +37.2%

CQP Cheniere Energy Partners LP 6.7%

Value ($000) $5,434,658 Shares 101,620,376 Est. Cost $53.36 Unrealized —

TAC TransAlta Corp 0.4%

Value ($000) $340,617 Shares 26,947,535 Est. Cost $6.18 Unrealized +141.5%

BIP Brookfield Infrastructure Part 0.2%

Value ($000) $162,809 Shares 4,686,497 Est. Cost $33.56 Unrealized —

NI NiSource Inc 0.1%

Value ($000) $60,335 Shares 1,444,808 Est. Cost $21.25 Unrealized +100.5%

HIW Highwoods Properties Inc 0.0%

Value ($000) $7,028 Shares 272,178 Est. Cost $30.94 Unrealized —

TTAN SERVICETITAN INC 0.0%

Value ($000) $28,010 Shares 263,000 Est. Cost $104.38 Unrealized -6.4%

NBR Nabors Industries Ltd 0.0%

Value ($000) $2,102 Shares 38,719 Est. Cost $29.76 Unrealized +63.8%

XIFR XPLR Infrastructure LP 0.0%

Value ($000) $21,803 Shares 2,180,320 Est. Cost $25.48 Unrealized -62.0%

CMS CMS Energy Corp 0.0%

Value ($000) $2,976 Shares 42,560 Est. Cost $55.17 Unrealized +31.4%

CIVI Civitas Resources Inc 0.0%

Value ($000) $598 Shares 22,080 Est. Cost $48.65 Unrealized -41.4%

— Brookfield Real Assets Income Fund Inc 0.0%

Value ($000) $1,304 Shares 100,582 Est. Cost $15.51 Unrealized —

— RLJ Lodging Trust 0.0%

Value ($000) $1,054 Shares 42,344 Est. Cost $25.15 Unrealized —

ABR Arbor Realty Trust Inc 0.0%

Value ($000) $39 Shares 5,023 Est. Cost $12.21 Unrealized —

PARR Par Pacific Holdings Inc 0.0%

Value ($000) $2,146 Shares 61,069 Est. Cost $16.88 Unrealized +135.5%

MET MetLife Inc 0.0%

Value ($000) $326 Shares 4,133 Est. Cost $61.77 Unrealized +27.8%

AD Array Digital Infrastructure I 0.0%

Value ($000) $149 Shares 2,781 Est. Cost $41.80 Unrealized -2.1%

EPR EPR Properties 0.0%

Value ($000) $36 Shares 712 Est. Cost $58.01 Unrealized —

STWD Starwood Property Trust Inc 0.0%

Value ($000) $54 Shares 2,993 Est. Cost $19.37 Unrealized —

VNO Vornado Realty Trust 0.0%

Value ($000) $16 Shares 489 Est. Cost $40.53 Unrealized —

PDM Piedmont Realty Trust Inc 0.0%

Value ($000) $19 Shares 2,242 Est. Cost $9.00 Unrealized —

AAT American Assets Trust Inc 0.0%

Value ($000) $19 Shares 981 Est. Cost $20.32 Unrealized —

CDP COPT Defense Properties 0.0%

Value ($000) $19 Shares 679 Est. Cost $29.06 Unrealized —

KW Kennedy-Wilson Holdings Inc 0.0%

Value ($000) $6 Shares 593 Est. Cost $8.02 Unrealized +11.7%

LAMR Lamar Advertising Co 0.0%

Value ($000) $21 Shares 163 Est. Cost $122.42 Unrealized —

KRC Kilroy Realty Corp 0.0%

Value ($000) $4 Shares 114 Est. Cost $42.25 Unrealized —

FPH Five Point Holdings LLC 0.0%

Value ($000) $5 Shares 825 Est. Cost $5.81 Unrealized +1.8%

LADR Ladder Capital Corp 0.0%

Value ($000) $39 Shares 3,546 Est. Cost $10.91 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
BAM	BROOKFIELD ASSET MANAGEMENT LTD	1,193,021,145	$62,502,378	77.4%	$52.97	+1.0%	COMMON STOCK	113004105
BBU	Brookfield Business Partners L	43,708,285	$1,538,532	1.9%	$31.43	—	Partnership Shares	G16234109
BBUC	Brookfield Business Corp	47,244,876	$1,695,146	2.1%	$25.31	+38.4%	COMMON STOCK	11259V106
BEPC	Brookfield Renewable Corp	10,094,152	$387,010	0.5%	$29.14	+37.2%	COMMON STOCK	11285B108
CQP	Cheniere Energy Partners LP	101,620,376	$5,434,658	6.7%	$53.36	—	Partnership Shares	16411Q101
TAC	TransAlta Corp	26,947,535	$340,617	0.4%	$6.18	+141.5%	COMMON STOCK	89346D107
BIP	Brookfield Infrastructure Part	4,686,497	$162,809	0.2%	$33.56	—	Partnership Shares	G16252101
NI	NiSource Inc	1,444,808	$60,335	0.1%	$21.25	+100.5%	COM	65473P105
HIW	Highwoods Properties Inc	272,178	$7,028	0.0%	$30.94	—	COM	431284108
TTAN	SERVICETITAN INC	263,000	$28,010	0.0%	$104.38	-6.4%	COMMON STOCK	81764X103
NBR	Nabors Industries Ltd	38,719	$2,102	0.0%	$29.76	+63.8%	COMMON STOCK	G6359F137
XIFR	XPLR Infrastructure LP	2,180,320	$21,803	0.0%	$25.48	-62.0%	Partnership Shares	65341B106
CMS	CMS Energy Corp	42,560	$2,976	0.0%	$55.17	+31.4%	COM	125896100
CIVI	Civitas Resources Inc	22,080	$598	0.0%	$48.65	-41.4%	COMMON STOCK	17888H103
—	Brookfield Real Assets Income Fund Inc	100,582	$1,304	0.0%	$15.51	—	SHS BEN INT	112830104
—	RLJ Lodging Trust	42,344	$1,054	0.0%	$25.15	—	CUM CONV PFD A	74965L200
ABR	Arbor Realty Trust Inc	5,023	$39	0.0%	$12.21	—	COM	038923108
PARR	Par Pacific Holdings Inc	61,069	$2,146	0.0%	$16.88	+135.5%	COMMON STOCK	69888T207
MET	MetLife Inc	4,133	$326	0.0%	$61.77	+27.8%	COMMON STOCK	59156R108
AD	Array Digital Infrastructure I	2,781	$149	0.0%	$41.80	-2.1%	COM	911684108
EPR	EPR Properties	712	$36	0.0%	$58.01	—	COM SH BEN INT	26884U109
STWD	Starwood Property Trust Inc	2,993	$54	0.0%	$19.37	—	COM	85571B105
VNO	Vornado Realty Trust	489	$16	0.0%	$40.53	—	SH BEN INT	929042109
PDM	Piedmont Realty Trust Inc	2,242	$19	0.0%	$9.00	—	COM CL A	720190206
AAT	American Assets Trust Inc	981	$19	0.0%	$20.32	—	COM	024013104
CDP	COPT Defense Properties	679	$19	0.0%	$29.06	—	SHS BEN INT	22002T108
KW	Kennedy-Wilson Holdings Inc	593	$6	0.0%	$8.02	+11.7%	COM	489398107
LAMR	Lamar Advertising Co	163	$21	0.0%	$122.42	—	CL A	512816109
KRC	Kilroy Realty Corp	114	$4	0.0%	$42.25	—	COM	49427F108
FPH	Five Point Holdings LLC	825	$5	0.0%	$5.81	+1.8%	COM CL A	33833Q106
LADR	Ladder Capital Corp	3,546	$39	0.0%	$10.91	—	CL A	505743104