|
Shares
|
Description
|
Value
|
|
COMMON STOCKS (a) – 71.1%
|
||
|
|
Electric Utilities – 14.5%
|
|
|
64,050
|
Alliant Energy Corp.
|
$3,116,673
|
|
49,970
|
American Electric Power Co., Inc. (b)
|
3,904,656
|
|
4,800
|
Duke Energy Corp.
|
459,984
|
|
7,300
|
Emera, Inc. (CAD) (c)
|
257,966
|
|
247,250
|
Enel S.p.A., ADR (c)
|
1,671,410
|
|
5,000
|
Entergy Corp.
|
498,800
|
|
22,900
|
Evergy, Inc.
|
1,162,633
|
|
33,400
|
Eversource Energy (b)
|
1,810,948
|
|
65,800
|
Exelon Corp. (b)
|
2,290,498
|
|
4,400
|
Fortis, Inc. (CAD) (c)
|
176,530
|
|
6,200
|
Iberdrola S.A., ADR
|
297,662
|
|
16,200
|
IDACORP, Inc. (c)
|
1,499,796
|
|
6,490
|
Orsted A/S, ADR
|
120,260
|
|
105,820
|
PPL Corp.
|
2,772,484
|
|
45,080
|
Southern (The) Co. (b)
|
3,133,962
|
|
34,100
|
Xcel Energy, Inc.
|
2,041,567
|
|
|
|
25,215,829
|
|
|
Energy Equipment & Services – 1.3%
|
|
|
133,800
|
Archrock, Inc. (c)
|
2,186,292
|
|
|
Gas Utilities – 7.3%
|
|
|
54,620
|
AltaGas Ltd. (CAD) (c)
|
1,135,504
|
|
33,200
|
Atmos Energy Corp. (c)
|
3,782,808
|
|
101,900
|
National Fuel Gas Co. (c)
|
4,805,604
|
|
35,670
|
New Jersey Resources Corp. (c)
|
1,456,406
|
|
19,200
|
ONE Gas, Inc. (c)
|
1,178,304
|
|
12,840
|
UGI Corp. (c)
|
284,278
|
|
|
|
12,642,904
|
|
|
Independent Power & Renewable Electricity Producers – 1.4%
|
|
|
71,000
|
AES (The) Corp. (c)
|
1,184,280
|
|
53,390
|
Clearway Energy, Inc., Class A (c)
|
1,199,139
|
|
8,000
|
EDP Renovaveis S.A. (EUR) (d)
|
129,546
|
|
|
|
2,512,965
|
|
|
Multi-Utilities – 10.0%
|
|
|
7,500
|
Ameren Corp.
|
521,775
|
|
60,000
|
Atco Ltd., Class I (CAD) (c)
|
1,678,010
|
|
27,970
|
CenterPoint Energy, Inc. (c)
|
781,482
|
|
16,450
|
CMS Energy Corp. (c)
|
940,282
|
|
17,380
|
DTE Energy Co. (c)
|
1,832,199
|
|
54,370
|
Public Service Enterprise Group, Inc. (b)
|
3,152,916
|
|
80,800
|
Sempra (b)
|
5,782,048
|
|
35,130
|
WEC Energy Group, Inc. (b)
|
2,837,099
|
|
|
|
17,525,811
|
|
|
Oil, Gas & Consumable Fuels – 36.4%
|
|
|
50,000
|
BP PLC, ADR (c)
|
1,755,000
|
|
9,410
|
Cheniere Energy, Inc. (b)
|
1,543,146
|
|
13,800
|
Chevron Corp.
|
2,034,534
|
|
117,040
|
DT Midstream, Inc. (c)
|
6,283,878
|
|
103,085
|
Enbridge, Inc. (b)
|
3,659,518
|
|
29,000
|
Exxon Mobil Corp. (b)
|
2,981,490
|
|
130,664
|
Keyera Corp. (CAD) (c)
|
3,160,544
|
|
398,998
|
Kinder Morgan, Inc. (c)
|
6,751,046
|
|
Shares
|
Description
|
Value
|
|
COMMON STOCKS (a) (Continued)
|
||
|
|
Oil, Gas & Consumable Fuels (Continued)
|
|
|
150,602
|
ONEOK, Inc.
|
$10,278,586
|
|
53,000
|
Shell PLC, ADR (b)
|
3,334,230
|
|
45,500
|
Targa Resources Corp.
|
3,865,680
|
|
75,109
|
TC Energy Corp.
|
2,961,548
|
|
58,800
|
TotalEnergies SE, ADR (b)
|
3,832,584
|
|
320,178
|
Williams (The) Cos., Inc.
|
11,097,369
|
|
|
|
63,539,153
|
|
|
Water Utilities – 0.2%
|
|
|
3,200
|
American Water Works Co., Inc. (c)
|
396,864
|
|
|
Total Common Stocks
|
124,019,818
|
|
|
(Cost $127,247,196)
|
|
|
Units
|
Description
|
Value
|
|
MASTER LIMITED PARTNERSHIPS – 45.2%
|
||
|
|
Chemicals – 2.8%
|
|
|
210,988
|
Westlake Chemical Partners, L.P. (c)
|
4,932,900
|
|
|
Energy Equipment & Services – 0.5%
|
|
|
31,000
|
USA Compression Partners, L.P. (c)
|
773,450
|
|
|
Independent Power & Renewable Electricity Producers – 1.5%
|
|
|
88,919
|
NextEra Energy Partners, L.P. (e)
|
2,654,232
|
|
|
Oil, Gas & Consumable Fuels – 40.4%
|
|
|
208,269
|
Cheniere Energy Partners, L.P. (c)
|
11,021,595
|
|
1,107,960
|
Energy Transfer, L.P. (c)
|
15,843,828
|
|
16,000
|
EnLink Midstream, LLC (c) (e)
|
192,960
|
|
692,564
|
Enterprise Products Partners, L.P. (c)
|
18,533,013
|
|
128,105
|
Hess Midstream, L.P., Class A (c) (e)
|
4,331,230
|
|
300,000
|
MPLX, L.P. (c)
|
11,565,000
|
|
531,720
|
Plains All American Pipeline, L.P. (c)
|
8,209,757
|
|
41,070
|
TXO Partners, L.P. (c)
|
764,723
|
|
|
|
70,462,106
|
|
|
Total Master Limited Partnerships
|
78,822,688
|
|
|
(Cost $48,249,804)
|
|
|
Shares
|
Description
|
Value
|
|
MONEY MARKET FUNDS – 10.5%
|
||
|
18,354,993
|
Morgan Stanley Institutional Liquidity Funds - Treasury Portfolio - Institutional Class - 5.18% (f)
|
18,354,993
|
|
|
(Cost $18,354,993)
|
|
|
|
Total Investments – 126.8%
|
221,197,499
|
|
|
(Cost $193,851,993)
|
|
|
Number of
Contracts
|
Description
|
Notional
Amount
|
Exercise
Price
|
Expiration
Date
|
Value
|
|
WRITTEN OPTIONS – (0.2)%
|
|||||
|
|
Call Options Written – (0.2)%
|
|
|
|
|
|
(499
)
|
American Electric Power Co., Inc.
|
$(3,899,186
)
|
$80.00
|
02/16/24
|
(14,970
)
|
|
(94
)
|
Cheniere Energy, Inc.
|
(1,541,506
)
|
170.00
|
02/16/24
|
(7,990
)
|
|
(800
)
|
Enbridge, Inc.
|
(2,840,000
)
|
37.50
|
02/16/24
|
(8,000
)
|
|
(334
)
|
Eversource Energy
|
(1,810,948
)
|
55.00
|
02/16/24
|
(33,400
)
|
|
(658
)
|
Exelon Corp.
|
(2,290,498
)
|
36.00
|
04/19/24
|
(62,510
)
|
|
(90
)
|
Exxon Mobil Corp.
|
(925,290
)
|
99.00
|
02/16/24
|
(47,250
)
|
|
Number of
Contracts
|
Description
|
Notional
Amount
|
Exercise
Price
|
Expiration
Date
|
Value
|
|
WRITTEN OPTIONS (Continued)
|
|||||
|
|
Call Options Written (Continued)
|
|
|
|
|
|
(543
)
|
Public Service Enterprise Group, Inc. (d) (g)
|
$(3,148,857
)
|
$65.00
|
02/16/24
|
$(543
)
|
|
(808
)
|
Sempra
|
(5,782,048
)
|
80.00
|
02/16/24
|
(8,080
)
|
|
(530
)
|
Shell PLC, ADR
|
(3,334,230
)
|
62.50
|
02/16/24
|
(84,800
)
|
|
(450
)
|
Southern (The) Co.
|
(3,128,400
)
|
75.00
|
02/16/24
|
(4,050
)
|
|
(588
)
|
TotalEnergies SE, ADR
|
(3,832,584
)
|
65.00
|
02/16/24
|
(91,140
)
|
|
(351
)
|
WEC Energy Group, Inc.
|
(2,834,676
)
|
82.50
|
02/16/24
|
(22,815
)
|
|
|
Total Written Options
|
(385,548
)
|
|||
|
|
(Premiums received $356,813)
|
|
|
|
|
|
|
Outstanding Loan – (25.7)%
|
(44,900,000
)
|
|
|
Net Other Assets and Liabilities – (0.9)%
|
(1,471,919
)
|
|
|
Net Assets – 100.0%
|
$174,440,032
|
|
(a)
|
Securities are issued in U.S. dollars unless otherwise indicated in the security description.
|
|
(b)
|
All or a portion of this security’s position represents cover for outstanding options written.
|
|
(c)
|
All or a portion of this security serves as collateral on the outstanding loan. At January 31, 2024, the segregated value
of these
securities amounts to $97,043,789.
|
|
(d)
|
This investment is fair valued by the Advisor’s Pricing Committee in accordance with procedures approved by the Fund’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, investments noted as such are valued at $129,003 or 0.1% of net assets. Certain of these investments 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 investments
are typically valued at the last sale price on the exchange on which they are principally traded.
|
|
(e)
|
This security is taxed as a “C” corporation for federal income tax purposes.
|
|
(f)
|
Rate shown reflects yield as of January 31, 2024.
|
|
(g)
|
This investment’s value was determined using significant unobservable inputs (see Valuation Inputs section).
|
|
Abbreviations throughout the Portfolio of Investments:
|
|
|
ADR
|
– American Depositary Receipt
|
|
CAD
|
– Canadian Dollar
|
|
EUR
|
– Euro
|
|
ASSETS TABLE
|
||||
|
|
Total
Value at
1/31/2024
|
Level 1
Quoted
Prices
|
Level 2
Significant
Observable
Inputs
|
Level 3
Significant
Unobservable
Inputs
|
|
Common Stocks:
|
|
|
|
|
|
Independent Power & Renewable Electricity Producers
|
$2,512,965
|
$2,383,419
|
$129,546
|
$—
|
|
Other Industry Categories*
|
121,506,853
|
121,506,853
|
—
|
—
|
|
Master Limited Partnerships*
|
78,822,688
|
78,822,688
|
—
|
—
|
|
Money Market Funds
|
18,354,993
|
18,354,993
|
—
|
—
|
|
Total Investments
|
$221,197,499
|
$221,067,953
|
$129,546
|
$—
|
|
|
||||
|
LIABILITIES TABLE
|
||||
|
|
Total
Value at
1/31/2024
|
Level 1
Quoted
Prices
|
Level 2
Significant
Observable
Inputs
|
Level 3
Significant
Unobservable
Inputs
|
|
Written Options
|
$(385,548
)
|
$(322,495
)
|
$(62,510
)
|
$(543
)
|
|
*
|
See Portfolio of Investments for industry breakout.
|