|
Shares
|
Description
|
Value
|
|||
|
COMMON STOCKS (a) — 68.5%
|
|||||
|
|
Construction & Engineering
— 3.4%
|
|
|||
|
456,192
|
Fluor Corp. (b)
|
$17,203,001
|
|||
|
309,724
|
Quanta Services, Inc.
|
60,101,942
|
|||
|
|
|
77,304,943
|
|||
|
|
Electric Utilities — 18.3%
|
|
|||
|
1,097,123
|
Alliant Energy Corp.
|
53,386,005
|
|||
|
1,074,629
|
American Electric Power Co.,
Inc.
|
83,971,510
|
|||
|
35,016
|
Constellation Energy Corp.
|
4,271,952
|
|||
|
136,177
|
Duke Energy Corp.
|
13,049,842
|
|||
|
40,571
|
Emera, Inc. (CAD)
|
1,433,693
|
|||
|
2,442,026
|
Enel S.p.A., ADR
|
16,508,096
|
|||
|
188,418
|
Entergy Corp.
|
18,796,580
|
|||
|
516,571
|
Evergy, Inc.
|
26,226,310
|
|||
|
195,263
|
Eversource Energy
|
10,587,160
|
|||
|
74,004
|
Exelon Corp.
|
2,576,079
|
|||
|
145,573
|
Fortis, Inc. (CAD)
|
5,840,461
|
|||
|
357,479
|
Iberdrola S.A., ADR
|
17,162,567
|
|||
|
252,068
|
IDACORP, Inc.
|
23,336,455
|
|||
|
87,678
|
Orsted A/S, ADR
|
1,624,673
|
|||
|
2,324,226
|
PPL Corp.
|
60,894,721
|
|||
|
697,077
|
Southern (The) Co.
|
48,460,793
|
|||
|
496,201
|
Xcel Energy, Inc.
|
29,707,554
|
|||
|
|
|
417,834,451
|
|||
|
|
Energy Equipment & Services
— 0.3%
|
|
|||
|
514,498
|
Archrock, Inc.
|
8,406,897
|
|||
|
|
Gas Utilities — 6.5%
|
|
|||
|
764,849
|
AltaGas Ltd. (CAD)
|
15,900,576
|
|||
|
422,334
|
Atmos Energy Corp.
|
48,120,736
|
|||
|
11,623
|
Chesapeake Utilities Corp.
|
1,177,177
|
|||
|
1,194,483
|
National Fuel Gas Co.
|
56,331,818
|
|||
|
122,396
|
New Jersey Resources Corp.
|
4,997,429
|
|||
|
318,877
|
ONE Gas, Inc.
|
19,569,481
|
|||
|
94,804
|
UGI Corp.
|
2,098,961
|
|||
|
|
|
148,196,178
|
|||
|
|
Independent Power and
Renewable Electricity
Producers — 1.7%
|
|
|||
|
1,477,209
|
AES (The) Corp.
|
24,639,846
|
|||
|
559,026
|
Clearway Energy, Inc., Class A
|
12,555,724
|
|||
|
101,301
|
Northland Power, Inc. (CAD)
|
1,864,098
|
|||
|
|
|
39,059,668
|
|||
|
|
Multi-Utilities — 13.2%
|
|
|||
|
93,320
|
Ameren Corp.
|
6,492,272
|
|||
|
1,132,579
|
ATCO Ltd., Class I (CAD)
|
31,674,641
|
|||
|
77,430
|
Canadian Utilities Ltd., Class A
(CAD)
|
1,764,629
|
|||
|
385,280
|
CenterPoint Energy, Inc.
|
10,764,723
|
|||
|
Shares
|
Description
|
Value
|
|||
|
|
|||||
|
|
Multi-Utilities (Continued)
|
|
|||
|
524,998
|
CMS Energy Corp.
|
$30,008,886
|
|||
|
280,257
|
DTE Energy Co.
|
29,544,693
|
|||
|
763,657
|
Public Service Enterprise Group,
Inc.
|
44,284,469
|
|||
|
1,482,536
|
Sempra
|
106,090,276
|
|||
|
511,259
|
WEC Energy Group, Inc.
|
41,289,277
|
|||
|
|
|
301,913,866
|
|||
|
|
Oil, Gas & Consumable Fuels
— 24.3%
|
|
|||
|
196,961
|
Cheniere Energy, Inc.
|
32,299,634
|
|||
|
1,691,250
|
DT Midstream, Inc.
|
90,803,213
|
|||
|
950,942
|
Enbridge, Inc.
|
33,758,441
|
|||
|
2,337,829
|
Keyera Corp. (CAD)
|
56,548,179
|
|||
|
5,906,319
|
Kinder Morgan, Inc.
|
99,934,918
|
|||
|
1,449,729
|
ONEOK, Inc.
|
98,944,004
|
|||
|
804,214
|
Targa Resources Corp.
|
68,326,021
|
|||
|
493,312
|
TC Energy Corp.
|
19,451,292
|
|||
|
1,585,248
|
Williams (The) Cos., Inc.
|
54,944,696
|
|||
|
|
|
555,010,398
|
|||
|
|
Water Utilities — 0.8%
|
|
|||
|
15,819
|
American Water Works Co., Inc.
|
1,961,873
|
|||
|
451,805
|
Essential Utilities, Inc.
|
16,201,727
|
|||
|
|
|
18,163,600
|
|||
|
|
Total Common Stocks
|
1,565,890,001
|
|||
|
|
(Cost $1,474,624,086)
|
|
|||
|
Units
|
Description
|
Value
|
|||
|
MASTER LIMITED PARTNERSHIPS — 28.6%
|
|||||
|
|
Chemicals — 0.4%
|
|
|||
|
376,235
|
Westlake Chemical Partners,
L.P.
|
8,796,374
|
|||
|
|
Energy Equipment & Services
— 0.1%
|
|
|||
|
148,104
|
USA Compression Partners, L.P.
|
3,695,195
|
|||
|
|
Independent Power and
Renewable Electricity
Producers — 1.1%
|
|
|||
|
835,702
|
NextEra Energy Partners,
L.P. (c)
|
24,945,705
|
|||
|
|
Oil, Gas & Consumable Fuels
— 27.0%
|
|
|||
|
671,375
|
Cheniere Energy Partners, L.P.
|
35,529,165
|
|||
|
11,369,526
|
Energy Transfer, L.P.
|
162,584,222
|
|||
|
240,773
|
EnLink Midstream LLC (c)
|
2,903,722
|
|||
|
6,970,532
|
Enterprise Products Partners,
L.P.
|
186,531,436
|
|||
|
551,436
|
Hess Midstream, L.P.,
Class A (c)
|
18,644,051
|
|||
|
Units
|
Description
|
Value
|
|||
|
MASTER LIMITED PARTNERSHIPS (Continued)
|
|||||
|
|
Oil, Gas & Consumable Fuels
(Continued)
|
|
|||
|
1,987,235
|
MPLX, L.P.
|
$76,607,909
|
|||
|
8,296,887
|
Plains GP Holdings, L.P.,
Class A (c)
|
134,243,632
|
|||
|
|
|
617,044,137
|
|||
|
|
Total Master Limited
Partnerships
|
654,481,411
|
|||
|
|
(Cost $436,946,850)
|
|
|||
|
Shares
|
Description
|
Value
|
|||
|
MONEY MARKET FUNDS — 2.5%
|
|||||
|
56,737,346
|
Morgan Stanley Institutional
Liquidity Funds - Treasury
Portfolio - Institutional Class -
5.18% (d)
|
56,737,346
|
|||
|
|
(Cost $56,737,346)
|
|
|||
|
|
|||||
|
|
|||||
|
|
Total Investments — 99.6%
|
2,277,108,758
|
|||
|
|
(Cost $1,968,308,282)
|
|
|||
|
|
Net Other Assets and
Liabilities — 0.4%
|
9,708,735
|
|||
|
|
Net Assets — 100.0%
|
$2,286,817,493
|
|||
|
(a)
|
Securities are issued in U.S. dollars unless otherwise
indicated in the security description.
|
|
(b)
|
Non-income producing security.
|
|
(c)
|
This security is taxed as a “C” corporation for federal income
tax purposes.
|
|
(d)
|
Rate shown reflects yield as of January 31, 2024.
|
|
Abbreviations throughout the Portfolio of Investments:
|
|
|
ADR
|
– American Depositary Receipt
|
|
CAD
|
– Canadian Dollar
|
|
|
Total
Value at
1/31/2024
|
Level 1
Quoted
Prices
|
Level 2
Significant
Observable
Inputs
|
Level 3
Significant
Unobservable
Inputs
|
|
Common
Stocks*
|
$ 1,565,890,001
|
$ 1,565,890,001
|
$ —
|
$ —
|
|
Master Limited
Partnerships*
|
654,481,411
|
654,481,411
|
—
|
—
|
|
Money Market
Funds
|
56,737,346
|
56,737,346
|
—
|
—
|
|
Total
Investments
|
$2,277,108,758
|
$2,277,108,758
|
$—
|
$—
|
|
*
|
See Portfolio of Investments for industry breakout.
|
|
Shares
|
Description
|
Value
|
|||
|
COMMON STOCKS (a) — 87.8%
|
|||||
|
|
Construction & Engineering
— 2.9%
|
|
|||
|
7,468
|
Fluor Corp. (b)
|
$281,618
|
|||
|
2,688
|
Quanta Services, Inc.
|
521,607
|
|||
|
|
|
803,225
|
|||
|
|
Electric Utilities — 33.9%
|
|
|||
|
19,321
|
Alliant Energy Corp.
|
940,160
|
|||
|
16,175
|
American Electric Power Co.,
Inc.
|
1,263,914
|
|||
|
817
|
Constellation Energy Corp.
|
99,674
|
|||
|
3,196
|
Duke Energy Corp.
|
306,273
|
|||
|
756
|
Edison International
|
51,015
|
|||
|
7,007
|
Emera, Inc. (CAD)
|
247,612
|
|||
|
51,780
|
Enel S.p.A., ADR
|
350,033
|
|||
|
2,815
|
Entergy Corp.
|
280,824
|
|||
|
14,619
|
Evergy, Inc.
|
742,207
|
|||
|
3,290
|
Eversource Energy
|
178,384
|
|||
|
3,496
|
Fortis, Inc. (CAD)
|
140,261
|
|||
|
16,695
|
Hydro One Ltd. (CAD) (c) (d)
|
495,467
|
|||
|
6,481
|
Iberdrola S.A., ADR
|
311,153
|
|||
|
7,027
|
IDACORP, Inc.
|
650,560
|
|||
|
5,423
|
OGE Energy Corp.
|
180,260
|
|||
|
392
|
Orsted A/S (DKK) (c) (d) (e)
|
22,095
|
|||
|
37,860
|
PPL Corp.
|
991,932
|
|||
|
15,719
|
Southern (The) Co.
|
1,092,785
|
|||
|
19,448
|
Xcel Energy, Inc.
|
1,164,352
|
|||
|
|
|
9,508,961
|
|||
|
|
Gas Utilities — 10.0%
|
|
|||
|
7,505
|
AltaGas Ltd. (CAD)
|
156,023
|
|||
|
9,884
|
Atmos Energy Corp.
|
1,126,183
|
|||
|
1,305
|
Chesapeake Utilities Corp.
|
132,170
|
|||
|
15,255
|
National Fuel Gas Co.
|
719,426
|
|||
|
1,350
|
New Jersey Resources Corp.
|
55,121
|
|||
|
9,860
|
ONE Gas, Inc.
|
605,108
|
|||
|
|
|
2,794,031
|
|||
|
|
Independent Power and
Renewable Electricity
Producers — 6.3%
|
|
|||
|
31,165
|
AES (The) Corp.
|
519,832
|
|||
|
36,124
|
Clearway Energy, Inc., Class A
|
811,345
|
|||
|
14,239
|
EDP Renovaveis S.A. (EUR) (e)
|
230,575
|
|||
|
11,301
|
Northland Power, Inc. (CAD)
|
207,956
|
|||
|
|
|
1,769,708
|
|||
|
|
Multi-Utilities — 19.0%
|
|
|||
|
1,296
|
Ameren Corp.
|
90,163
|
|||
|
17,943
|
ATCO Ltd., Class I (CAD)
|
501,809
|
|||
|
4,956
|
CenterPoint Energy, Inc.
|
138,471
|
|||
|
14,866
|
CMS Energy Corp.
|
849,740
|
|||
|
7,301
|
DTE Energy Co.
|
769,671
|
|||
|
Shares
|
Description
|
Value
|
|||
|
|
|||||
|
|
Multi-Utilities (Continued)
|
|
|||
|
14,076
|
Public Service Enterprise Group,
Inc.
|
$816,267
|
|||
|
16,754
|
Sempra
|
1,198,916
|
|||
|
11,918
|
WEC Energy Group, Inc.
|
962,498
|
|||
|
|
|
5,327,535
|
|||
|
|
Oil, Gas & Consumable Fuels
— 14.6%
|
|
|||
|
3,277
|
Cheniere Energy, Inc.
|
537,395
|
|||
|
29,421
|
DT Midstream, Inc.
|
1,579,614
|
|||
|
22,588
|
Equitrans Midstream Corp.
|
230,172
|
|||
|
10,718
|
Targa Resources Corp.
|
910,601
|
|||
|
23,988
|
Williams (The) Cos., Inc.
|
831,424
|
|||
|
|
|
4,089,206
|
|||
|
|
Water Utilities — 1.1%
|
|
|||
|
929
|
American Water Works Co., Inc.
|
115,214
|
|||
|
5,824
|
Essential Utilities, Inc.
|
208,849
|
|||
|
|
|
324,063
|
|||
|
|
Total Common Stocks
|
24,616,729
|
|||
|
|
(Cost $25,597,623)
|
|
|||
|
Units
|
Description
|
Value
|
|||
|
MASTER LIMITED PARTNERSHIPS (a) — 6.7%
|
|||||
|
|
Independent Power and
Renewable Electricity
Producers — 3.0%
|
|
|||
|
21,336
|
Brookfield Renewable Partners,
L.P. (CAD)
|
553,217
|
|||
|
9,297
|
NextEra Energy Partners,
L.P. (f)
|
277,516
|
|||
|
|
|
830,733
|
|||
|
|
Oil, Gas & Consumable Fuels
— 3.7%
|
|
|||
|
19,811
|
Cheniere Energy Partners, L.P.
|
1,048,398
|
|||
|
|
Total Master Limited
Partnerships
|
1,879,131
|
|||
|
|
(Cost $2,012,864)
|
|
|||
|
Shares
|
Description
|
Value
|
|||
|
MONEY MARKET FUNDS — 5.4%
|
|||||
|
1,522,199
|
Morgan Stanley Institutional
Liquidity Funds - Treasury
Portfolio - Institutional Class -
5.18% (g)
|
$1,522,199
|
|||
|
|
(Cost $1,522,199)
|
|
|||
|
|
|||||
|
|
|||||
|
|
Total Investments — 99.9%
|
28,018,059
|
|||
|
|
(Cost $29,132,686)
|
|
|||
|
|
Net Other Assets and
Liabilities — 0.1%
|
21,887
|
|||
|
|
Net Assets — 100.0%
|
$28,039,946
|
|||
|
(a)
|
Securities are issued in U.S. dollars unless otherwise
indicated in the security description.
|
|
(b)
|
Non-income producing security.
|
|
(c)
|
This security is exempt from registration upon resale under
Rule 144A of the Securities Act of 1933, as amended (the
“1933 Act”) and may be resold in transactions exempt from
registration, normally to qualified institutional buyers. This
security is not restricted on the foreign exchange where it
trades freely without any additional registration. As such, it
does not require the additional disclosure required of
restricted securities.
|
|
(d)
|
This security may be resold to qualified foreign investors and
foreign institutional buyers under Regulation S of the 1933
Act.
|
|
(e)
|
This security is fair valued by the Advisor’s Pricing
Committee in accordance with procedures approved by the
Trust’s Board of Trustees, and in accordance with provisions
of the Investment Company Act of 1940 and rules
thereunder, as amended. At January 31, 2024, securities
noted as such are valued at $252,670 or 0.9% of net assets.
Certain of these securities are fair valued using a factor
provided by a third-party pricing service due to the change in
value between the foreign markets’ close and the New York
Stock Exchange close exceeding a certain threshold. On days
when this threshold is not exceeded, these securities are
typically valued at the last sale price on the exchange on
which they are principally traded.
|
|
(f)
|
This security is taxed as a “C” corporation for federal income
tax purposes.
|
|
(g)
|
Rate shown reflects yield as of January 31, 2024.
|
|
Abbreviations throughout the Portfolio of Investments:
|
|
|
ADR
|
– American Depositary Receipt
|
|
CAD
|
– Canadian Dollar
|
|
DKK
|
– Danish Krone
|
|
EUR
|
– Euro
|
|
|
Total
Value at
1/31/2024
|
Level 1
Quoted
Prices
|
Level 2
Significant
Observable
Inputs
|
Level 3
Significant
Unobservable
Inputs
|
|
Common Stocks:
|
|
|
|
|
|
Electric Utilities
|
$ 9,508,961
|
$ 9,486,866
|
$ 22,095
|
$ —
|
|
Independent Power
and Renewable
Electricity
Producers
|
1,769,708
|
1,539,133
|
230,575
|
—
|
|
Other Industry
Categories*
|
13,338,060
|
13,338,060
|
—
|
—
|
|
Master Limited
Partnerships*
|
1,879,131
|
1,879,131
|
—
|
—
|
|
Money Market Funds
|
1,522,199
|
1,522,199
|
—
|
—
|
|
Total Investments
|
$28,018,059
|
$27,765,389
|
$252,670
|
$—
|
|
*
|
See Portfolio of Investments for industry breakout.
|
|
Shares
|
Description
|
Value
|
|||
|
COMMON STOCKS (a) — 74.8%
|
|||||
|
|
Construction & Engineering
— 1.2%
|
|
|||
|
15,802
|
Quanta Services, Inc.
|
$3,066,378
|
|||
|
|
Electric Utilities — 8.9%
|
|
|||
|
50,506
|
Alliant Energy Corp.
|
2,457,622
|
|||
|
46,937
|
American Electric Power Co.,
Inc.
|
3,667,657
|
|||
|
268,481
|
Enel S.p.A., ADR
|
1,814,932
|
|||
|
11,780
|
Entergy Corp.
|
1,175,173
|
|||
|
51,408
|
Evergy, Inc.
|
2,609,984
|
|||
|
21,577
|
Eversource Energy
|
1,169,905
|
|||
|
6,026
|
Exelon Corp.
|
209,765
|
|||
|
36,404
|
Iberdrola S.A., ADR
|
1,747,756
|
|||
|
8,438
|
IDACORP, Inc.
|
781,190
|
|||
|
72,260
|
PPL Corp.
|
1,893,212
|
|||
|
43,791
|
Southern (The) Co.
|
3,044,350
|
|||
|
20,560
|
Xcel Energy, Inc.
|
1,230,927
|
|||
|
|
|
21,802,473
|
|||
|
|
Energy Equipment & Services
— 7.1%
|
|
|||
|
316,853
|
Archrock, Inc.
|
5,177,378
|
|||
|
23,345
|
Cactus, Inc., Class A
|
990,762
|
|||
|
84,393
|
Halliburton Co.
|
3,008,610
|
|||
|
36,248
|
Helmerich & Payne, Inc.
|
1,459,345
|
|||
|
71,090
|
NOV, Inc.
|
1,386,966
|
|||
|
62,136
|
Patterson-UTI Energy, Inc.
|
689,088
|
|||
|
58,720
|
Schlumberger N.V.
|
2,859,664
|
|||
|
91,076
|
TechnipFMC PLC
|
1,761,410
|
|||
|
|
|
17,333,223
|
|||
|
|
Gas Utilities — 3.9%
|
|
|||
|
33,775
|
AltaGas Ltd. (CAD)
|
702,154
|
|||
|
18,370
|
Atmos Energy Corp.
|
2,093,078
|
|||
|
120,969
|
National Fuel Gas Co.
|
5,704,898
|
|||
|
15,793
|
ONE Gas, Inc.
|
969,217
|
|||
|
|
|
9,469,347
|
|||
|
|
Independent Power and
Renewable Electricity
Producers — 1.0%
|
|
|||
|
54,545
|
AES (The) Corp.
|
909,811
|
|||
|
73,864
|
Clearway Energy, Inc., Class A
|
1,658,985
|
|||
|
|
|
2,568,796
|
|||
|
|
Multi-Utilities — 5.8%
|
|
|||
|
10,398
|
Ameren Corp.
|
723,389
|
|||
|
142,873
|
ATCO Ltd., Class I (CAD)
|
3,995,704
|
|||
|
29,216
|
CenterPoint Energy, Inc.
|
816,295
|
|||
|
10,419
|
CMS Energy Corp.
|
595,550
|
|||
|
1,878
|
DTE Energy Co.
|
197,979
|
|||
|
20,230
|
Public Service Enterprise Group,
Inc.
|
1,173,138
|
|||
|
Shares
|
Description
|
Value
|
|||
|
|
|||||
|
|
Multi-Utilities (Continued)
|
|
|||
|
64,396
|
Sempra
|
$4,608,178
|
|||
|
24,685
|
WEC Energy Group, Inc.
|
1,993,560
|
|||
|
|
|
14,103,793
|
|||
|
|
Oil, Gas & Consumable Fuels
— 46.2%
|
|
|||
|
279,116
|
BP PLC, ADR
|
9,796,972
|
|||
|
29,130
|
Canadian Natural Resources Ltd.
(CAD)
|
1,864,216
|
|||
|
57,027
|
Cenovus Energy, Inc. (CAD)
|
923,834
|
|||
|
11,162
|
Cheniere Energy, Inc.
|
1,830,456
|
|||
|
24,023
|
Chevron Corp.
|
3,541,711
|
|||
|
71,985
|
Coterra Energy, Inc.
|
1,790,987
|
|||
|
12,791
|
Diamondback Energy, Inc.
|
1,966,488
|
|||
|
86,780
|
DT Midstream, Inc.
|
4,659,218
|
|||
|
67,808
|
Enbridge, Inc.
|
2,407,184
|
|||
|
42,598
|
EOG Resources, Inc.
|
4,847,226
|
|||
|
85,129
|
Exxon Mobil Corp.
|
8,752,113
|
|||
|
119,339
|
Imperial Oil Ltd. (CAD)
|
6,883,662
|
|||
|
184,102
|
Keyera Corp. (CAD)
|
4,453,120
|
|||
|
413,845
|
Kinder Morgan, Inc.
|
7,002,257
|
|||
|
4,875
|
Marathon Petroleum Corp.
|
807,300
|
|||
|
74,879
|
ONEOK, Inc.
|
5,110,492
|
|||
|
6,020
|
Phillips 66
|
868,746
|
|||
|
8,107
|
Pioneer Natural Resources Co.
|
1,863,232
|
|||
|
63,740
|
Range Resources Corp.
|
1,851,010
|
|||
|
262,130
|
Shell PLC, ADR
|
16,490,598
|
|||
|
12,983
|
SM Energy Co.
|
481,410
|
|||
|
265,623
|
Southwestern Energy Co. (b)
|
1,713,268
|
|||
|
33,517
|
Targa Resources Corp.
|
2,847,604
|
|||
|
63,691
|
TC Energy Corp.
|
2,511,336
|
|||
|
210,370
|
TotalEnergies SE, ADR
|
13,711,917
|
|||
|
39,194
|
Tourmaline Oil Corp. (CAD)
|
1,694,632
|
|||
|
4,646
|
Valero Energy Corp.
|
645,329
|
|||
|
57,740
|
Williams (The) Cos., Inc.
|
2,001,268
|
|||
|
|
|
113,317,586
|
|||
|
|
Water Utilities — 0.7%
|
|
|||
|
47,772
|
Essential Utilities, Inc.
|
1,713,104
|
|||
|
|
Total Common Stocks
|
183,374,700
|
|||
|
|
(Cost $183,125,520)
|
|
|||
|
Units
|
Description
|
Value
|
|||
|
MASTER LIMITED PARTNERSHIPS — 24.4%
|
|||||
|
|
Energy Equipment & Services
— 0.5%
|
|
|||
|
50,522
|
USA Compression Partners, L.P.
|
1,260,524
|
|||
|
|
Independent Power and
Renewable Electricity
Producers — 0.5%
|
|
|||
|
42,250
|
NextEra Energy Partners,
L.P. (c)
|
1,261,162
|
|||
|
Units
|
Description
|
Value
|
|||
|
MASTER LIMITED PARTNERSHIPS (Continued)
|
|||||
|
|
Oil, Gas & Consumable Fuels
— 23.4%
|
|
|||
|
72,441
|
Alliance Resource Partners, L.P.
|
$1,521,985
|
|||
|
101,678
|
Cheniere Energy Partners, L.P.
|
5,380,800
|
|||
|
865,568
|
Energy Transfer, L.P.
|
12,377,622
|
|||
|
645,723
|
Enterprise Products Partners,
L.P.
|
17,279,548
|
|||
|
78,557
|
Kimbell Royalty Partners,
L.P. (c)
|
1,179,926
|
|||
|
225,269
|
MPLX, L.P.
|
8,684,120
|
|||
|
13,932
|
Natural Resource Partners, L.P.
|
1,354,887
|
|||
|
526,534
|
Plains GP Holdings, L.P.,
Class A (c)
|
8,519,320
|
|||
|
58,646
|
TXO Partners, L.P.
|
1,091,989
|
|||
|
|
|
57,390,197
|
|||
|
|
Total Master Limited
Partnerships
|
59,911,883
|
|||
|
|
(Cost $53,149,486)
|
|
|||
|
Shares
|
Description
|
Value
|
|||
|
MONEY MARKET FUNDS — 0.8%
|
|||||
|
1,831,075
|
Morgan Stanley Institutional
Liquidity Funds - Treasury
Portfolio - Institutional Class -
5.18% (d)
|
1,831,075
|
|||
|
|
(Cost $1,831,075)
|
|
|||
|
|
|||||
|
|
|||||
|
|
Total Investments — 100.0%
|
245,117,658
|
|||
|
|
(Cost $238,106,081)
|
|
|||
|
|
Net Other Assets and
Liabilities — (0.0)%
|
(11,505
)
|
|||
|
|
Net Assets — 100.0%
|
$245,106,153
|
|||
|
(a)
|
Securities are issued in U.S. dollars unless otherwise
indicated in the security description.
|
|
(b)
|
Non-income producing security.
|
|
(c)
|
This security is taxed as a “C” corporation for federal income
tax purposes.
|
|
(d)
|
Rate shown reflects yield as of January 31, 2024.
|
|
Abbreviations throughout the Portfolio of Investments:
|
|
|
ADR
|
– American Depositary Receipt
|
|
CAD
|
– Canadian Dollar
|
|
|
Total
Value at
1/31/2024
|
Level 1
Quoted
Prices
|
Level 2
Significant
Observable
Inputs
|
Level 3
Significant
Unobservable
Inputs
|
|
Common Stocks*
|
$ 183,374,700
|
$ 183,374,700
|
$ —
|
$ —
|
|
Master Limited
Partnerships*
|
59,911,883
|
59,911,883
|
—
|
—
|
|
Money Market
Funds
|
1,831,075
|
1,831,075
|
—
|
—
|
|
Total Investments
|
$245,117,658
|
$245,117,658
|
$—
|
$—
|
|
*
|
See Portfolio of Investments for industry breakout.
|