NPORT-EX 2 DNP_NPORT_1-31-21.htm

DNP SELECT INCOME FUND INC.
SCHEDULE OF INVESTMENTS
January 31, 2021
(Unaudited)

 Shares  Description  Value 
     
 COMMON STOCKS & MLP INTERESTS--117.0%   
     
  ELECTRIC, GAS AND WATER--84.8%  
         1,751,790 Alliant Energy Corp.(a)             $  85,224,583
         1,276,100 Ameren Corp.(a)               92,797,992
            988,640 American Electric Power Co., Inc.(a)               79,990,862
            589,890 American Water Works Co.(a)               93,804,308
            732,000 Atmos Energy Corp.(a)               65,148,000
            389,700 Black Hills Corp.               23,039,064
         3,796,070 CenterPoint Energy, Inc.(a)(b)               80,059,116
         1,564,820 CMS Energy Corp.(a)               89,006,962
         1,275,600 Dominion Energy, Inc.(a)(b)               92,978,484
            795,550 DTE Energy Co.(a)(b)               94,447,696
         1,000,000 Edison International(a)               58,160,000
         1,893,000 EDP-Energias de Portugal, S.A. (Portugal)               11,894,595
         1,296,855 Emera Inc. (Canada)               54,282,232
         1,029,000 Enel S.p.A. (Italy)               10,239,832
         1,019,110 Essential Utilities, Inc.               47,184,793
         1,592,441 Evergy, Inc.(a)(b)               85,561,855
         1,171,200 Eversource Energy(a)(b)              102,480,000
         1,138,500 FirstEnergy Corp.               35,020,260
         1,079,800 Fortis Inc. (Canada)               43,717,763
         2,960,100 National Grid plc (United Kingdom)               34,550,881
         1,081,600 New Jersey Resources Corp.               37,866,816
         1,187,435 NextEra Energy, Inc.(a)               96,027,868
            827,210 Nextera Energy Partners, LP               67,417,615
         2,655,000 NiSource Inc.(a)               58,808,250
            800,000 Northwest Natural Holding Co.               37,368,000
         2,300,000 OGE Energy Corp.(a)               70,196,000
            576,000 ONE Gas, Inc.               42,122,880
            936,100 Pinnacle West Capital Corp.(a)               70,441,525
         1,716,600 Public Service Enterprise Group Inc.(a)(b)               96,867,738
            785,910 Sempra Energy(a)(b)               97,264,222
         1,500,000 South Jersey Industries, Inc.               34,650,000
         1,609,850 Southern Co.(a)               94,852,362
            840,900 Spire Inc.               51,454,671
         1,016,200 WEC Energy Group, Inc.(a)               90,340,180
         1,386,900 Xcel Energy Inc.(a)(b)               88,747,731
              2,314,015,136

 

The accompanying note is an integral part of this financial statement.

DNP SELECT INCOME FUND INC.
SCHEDULE OF INVESTMENTS -- (Continued)
January 31, 2021
(Unaudited)

  OIL & GAS STORAGE, TRANSPORTATION AND PRODUCTION--14.7%
            381,000 Cheniere Energy, Inc.*           $   24,128,730
            140,941 Cheniere Energy Partners, LP                 5,516,431
            421,000 DCP Midstream LP                 8,420,000
         1,235,945 Enbridge Inc. (Canada)               41,527,752
         3,454,062 Energy Transfer Equity LP               21,656,969
         1,631,000 Enterprise Products Partners LP               32,995,130
            675,000 Equitrans Midstream Corp.                 4,488,750
            475,000 Genesis Energy LP                 2,959,250
            515,000 Golar LNG Limited* (Bermuda)                 5,577,450
             50,000 Hess Midstream LP Class A                 1,043,500
            375,000 Keyera Corp. (Canada)                 7,051,157
         1,525,026 Kinder Morgan, Inc.(a)               21,472,366
            462,090 Magellan Midstream Partners LP               20,544,521
            185,000 Marathon Petroleum Corp.                 7,984,600
         1,056,852 MPLX LP               24,423,850
            442,150 ONEOK, Inc.               17,610,835
            986,600 Pembina Pipeline Corp. (Canada)               25,996,286
             75,000 Phillips 66                 5,085,000
            183,419 Phillips 66 Partners LP                 4,607,485
         2,113,900 Plains All American Pipeline, LP               17,693,343
            610,000 Rattler Midstream LP                 5,831,600
            940,120 Targa Resources Corp.               25,731,084
            806,000 TC Energy Corp. (Canada)(a)(b)               34,601,580
            252,020 Westlake Chemical Partners LP                 6,003,116
         1,373,500 The Williams Companies, Inc.               29,159,405
                 402,110,190

 

The accompanying note is an integral part of this financial statement.

DNP SELECT INCOME FUND INC.
SCHEDULE OF INVESTMENTS -- (Continued)
January 31, 2021
(Unaudited)

  TELECOMMUNICATIONS--17.5%  
            289,000 American Tower Corp.        $   65,707,040
         2,290,700 AT&T Inc.(a)(b)               65,582,741
            951,515 BCE Inc. (Canada)(a)(b)               40,344,236
         1,002,350 Comcast Corp. Class A               49,686,489
            630,100 Crown Castle International Corp.(a)(b)              100,349,726
         1,000,000 Orange SA (France)               11,789,390
         2,560,600 Telus Corp. (Canada)               52,897,753
         1,416,389 Verizon Communications Inc.(a)               77,547,298
            782,200 Vodafone Group Plc ADR (United Kingdom)               13,414,730
                 477,319,403
  Total Common Stocks & MLP Interests (Cost $2,532,953,714)           3,193,444,729
     
     
     
     
Par Value    
     
BONDS--18.4%    
     
  ELECTRIC, GAS AND WATER--9.3%  
     $  12,000,000 American Water Capital Corp.  
  3.40%, 3/01/25(a)               13,273,397
       22,000,000 Arizona Public Service Co.  
  6 7/8%, 8/01/36(a)(b)               33,422,549
         6,000,000 CMS Energy Corp.  
  3.45%, 8/15/27                 6,826,023
         5,000,000 Connecticut Light & Power Co.  
  3.20%, 3/15/27                 5,626,547
       10,000,000 DPL Capital Trust II  
  8 1/8%, 9/01/31               10,704,569
         6,400,000 DTE Electric Co.  
  3.65%, 3/15/24                 6,956,847
       10,000,000 Duke Energy Corp.  
  3.15%, 8/15/2027               11,135,653
         5,600,000 Edison International  
  4 1/8%, 3/15/28                 6,167,919
         9,500,000 Entergy Louisiana, LLC  
  5.40%, 11/01/24               11,155,075
         5,000,000 Entergy Louisiana, LLC  
  4.44%, 1/15/26                 5,770,517
         4,000,000 Entergy Texas, Inc.  
  4.00%, 3/30/29                 4,651,267
         7,000,000 Eversource Energy  
  4 1/4%, 4/01/29                 8,314,274
       10,000,000 Florida Power & Light Co.  
  3 1/4%, 6/01/24(a)(b)               10,783,314
         7,000,000 Indiana Michigan Power Co.  
  3.20%, 3/15/23                 7,355,982
       11,000,000 Interstate Power & Light  
  3 1/4%, 12/01/24               12,002,621

 

The accompanying note is an integral part of this financial statement.

DNP SELECT INCOME FUND INC.
SCHEDULE OF INVESTMENTS -- (Continued)
January 31, 2021
(Unaudited)

     $  14,000,000 NiSource Finance Corp.  
  3.49%, 5/15/27             $  15,800,228
         5,000,000 Ohio Power Co.  
  6.60%, 2/15/33                 6,944,144
       10,345,000 Oncor Electric Delivery Co. LLC  
  7.00%, 9/01/22(a)(b)               11,433,803
         5,000,000 Public Service Electric  
  3.00%, 5/15/25                 5,458,969
       10,000,000 Public Service Electric  
  3.00%, 5/15/27               11,068,314
         5,000,000 Public Service New Mexico  
  3.85%, 8/01/25                 5,498,200
         9,000,000 Sempra Energy  
  3.55%, 6/15/24                 9,779,208
       11,300,000 Southern Power Co.  
  4.15%, 12/01/25               12,943,573
       13,000,000 Virginia Electric & Power Co.  
  3.15%, 1/15/26               14,348,713
         6,720,000 Wisconsin Energy Corp.  
  3.55%, 6/15/25                 7,443,564
                 254,865,270
     
  OIL & GAS STORAGE, TRANSPORTATION AND PRODUCTION--4.6%
       11,000,000 Enbridge Inc. (Canada)  
  4 1/4%, 12/01/26(a)(b)               12,786,941
         6,488,000 Energy Transfer Partners  
  7.60%, 2/01/24                 7,397,700
         8,850,000 Energy Transfer Partners  
  8 1/4%, 11/15/29               11,747,426
         6,000,000 Enterprise Products Operating LP  
  3.35%, 3/15/23                 6,329,530
         6,000,000 Enterprise Products Operating LP  
  3.13%, 7/31/29                 6,581,065
         9,000,000 Magellan Midstream Partners, LP  
  5.00%, 3/1/26               10,679,780
       11,000,000 ONEOK, Inc.  
  6.00%, 6/15/35               13,539,515
       10,000,000 Phillips 66  
  3.90%, 3/15/28               11,393,014
         5,000,000 Plains All American Pipeline, LP   
  4.65%, 10/15/25                 5,599,108
       12,210,000 TransCanada PipeLines Ltd. (Canada)  
  3 3/4%, 10/16/23               13,182,150
         9,500,000 Valero Energy Partners LP  
  4 1/2%, 3/15/28               10,874,969
       10,000,000 Williams Partners LP  
  3.60%, 3/15/22               10,301,411
         5,000,000 Williams Partners LP  
  4.55%, 6/24/24                 5,575,788
                 125,988,397

 

The accompanying note is an integral part of this financial statement.

DNP SELECT INCOME FUND INC.
SCHEDULE OF INVESTMENTS -- (Continued)
January 31, 2021
(Unaudited)

  TELECOMMUNICATIONS--4.5%  
       $  4,500,000 American Tower Corp.  
  5.00%, 2/15/24               $  5,072,102
         5,500,000 American Tower Corp.  
  3.00%, 6/15/23                 5,821,339
         5,000,000 AT&T Inc.  
  4.45%, 4/01/24                 5,563,260
         7,000,000 AT&T Inc.  
  3.55%, 6/01/24                 7,589,256
       15,000,000 CenturyLink Inc.  
  6 7/8%, 1/15/28               17,574,900
         5,900,000 Comcast Corp.  
  7.05%, 3/15/33                 8,851,281
       10,190,000 Crown Castle International Corp.  
  4.45%, 2/15/26               11,730,963
       15,000,000 Koninklijke KPN NV (Netherlands)  
  8 3/8%, 10/01/30(a)(b)               21,651,483
         5,000,000 TCI Communications Inc.  
  7 1/8%, 2/15/28                 6,871,516
       15,500,000 Verizon Global Funding Corp.  
  7 3/4%, 12/01/30               23,458,583
         5,000,000 Vodafone Group Plc (United Kingdom)  
  7 7/8%, 2/15/30                 7,395,789
                 121,580,472
  Total Bonds (Cost $439,948,361)              502,434,139
     
     
     
TOTAL INVESTMENTS--135.4% (Cost $2,972,902,075)        $   3,695,878,868
Secured borrowings--(14.6)%             (400,000,000)
Secured notes--(11.0)%             (300,000,000)
Mandatory Redeemable Preferred Shares at liquidation value--(11.0)%             (300,000,000)
Other assets less other liabilities--1.2%               33,262,135
NET ASSETS APPLICABLE TO COMMON STOCK--100.0%        $   2,729,141,003

 

The accompanying note is an integral part of this financial statement.

DNP SELECT INCOME FUND INC.
SCHEDULE OF INVESTMENTS -- (Continued)
January 31, 2021
(Unaudited)

 

(a) All or a portion of this security has been pledged as collateral for borrowings and made available for loan.

 

(b) All or a portion of this security has been loaned.

 

 * Non-income producing.

 

The percentage shown for each investment category is the total value of that category as a percentage of the net assets applicable to common stock of the Fund.

 

Note 1. Investment Valuation

 

The Fund's investments are carried at fair value which is defined as the price that the Fund might reasonably expect to receive upon selling an investment in a timely transaction to an independent buyer in the principal or most advantageous market of the investment.  The three-tier hierarchy of inputs established to classify fair value measurements for disclosure purposes is summarized in the three broad levels listed below.

 

Level 1 - quoted prices in active markets for identical securities

Level 2 - other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risks, etc.)

Level 3 - significant unobservable inputs (including the Fund's own assumptions in determining fair value of investments)

 

The inputs or methodology used for valuing securities are not necessarily an indication of the risk associated with investing in these securities.  For more information about the Fund's policy regarding valuation of investments and other significant accounting policies, please refer to the Fund's most recent financial statements contained in its annual report.  The following is a summary of the inputs used to value each of the Fund's investments at January 31, 2021:

 

     Level 1   Level 2 
Common stocks & MLP interests $3,193,444,729                          -
Bonds                                - $502,434,139
     Total   $3,193,444,729 $502,434,139

 

There were no Level 3 priced securities held and there were no transfers into or out of Level 3.

 

Other information regarding the Fund is available on the Fund's website at www.dpimc.com/dnp or the Securities and Exchange Commission's website at www.sec.gov.