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          <ccc>XXXXXXXX</ccc>
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      <regStreet1>50 South LaSalle Street</regStreet1>
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      <regZipOrPostalCode>60603</regZipOrPostalCode>
      <regPhone>800-595-9111</regPhone>
      <seriesName>Multi-Manager Global Listed Infrastructure Fund</seriesName>
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      <repPdEnd>2021-03-31</repPdEnd>
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          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CMS Energy Corporation</name>
        <lei>549300IA9XFBAGNIBW29</lei>
        <title>CMS Energy Corporation COM</title>
        <cusip>125896100</cusip>
        <identifiers>
          <isin value="US1258961002"/>
          <ticker value="CMS"/>
        </identifiers>
        <balance>72763</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>4250814.46</valUSD>
        <pctVal>0.4183275960</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Atmos Energy Corporation</name>
        <lei>QVLWEGTD2S8GJMO8D383</lei>
        <title>Atmos Energy Corporation COM</title>
        <cusip>049560105</cusip>
        <identifiers>
          <isin value="US0495601058"/>
          <ticker value="ATO"/>
        </identifiers>
        <balance>128027</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>12748928.66</valUSD>
        <pctVal>1.2546369004</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Enbridge Incorporation</name>
        <lei>98TPTUM4IVMFCZBCUR27</lei>
        <title>Enbridge Incorporation COM</title>
        <cusip>29250N105</cusip>
        <identifiers>
          <isin value="CA29250N1050"/>
          <ticker value="ENB"/>
        </identifiers>
        <balance>218108</balance>
        <units>NS</units>
        <currencyConditional curCd="CAD" exchangeRt="1.3576"/>
        <valUSD>6631922.69</valUSD>
        <pctVal>0.6526552269</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>NiSource Inc.</name>
        <lei>549300D8GOWWH0SJB189</lei>
        <title>NiSource Inc. COM</title>
        <cusip>65473P105</cusip>
        <identifiers>
          <isin value="US65473P1057"/>
          <ticker value="NI"/>
        </identifiers>
        <balance>620431</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>14108600.94</valUSD>
        <pctVal>1.3884438312</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Edison International</name>
        <lei>549300I7ROF15MAEVP56</lei>
        <title>Edison International COM</title>
        <cusip>281020107</cusip>
        <identifiers>
          <isin value="US2810201077"/>
          <ticker value="EIX"/>
        </identifiers>
        <balance>175364</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>9524018.84</valUSD>
        <pctVal>0.9372697735</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>The Williams Companies, Inc.</name>
        <lei>D71FAKCBLFS2O0RBPG08</lei>
        <title>The Williams Companies, Inc. COM</title>
        <cusip>969457100</cusip>
        <identifiers>
          <isin value="US9694571004"/>
          <ticker value="WMB"/>
        </identifiers>
        <balance>576744</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>10969670.88</valUSD>
        <pctVal>1.0795380725</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Aguas Andinas SA</name>
        <lei>N/A</lei>
        <title>Aguas Andinas SA COM NPV SER'A'</title>
        <cusip>P4171M125</cusip>
        <identifiers>
          <isin value="CL0000000035"/>
          <ticker value="AGUAS-A"/>
        </identifiers>
        <balance>7176954</balance>
        <units>NS</units>
        <currencyConditional curCd="CLP" exchangeRt="821.4"/>
        <valUSD>2430762.85</valUSD>
        <pctVal>0.2392141998</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CL</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Duke Energy Corp</name>
        <lei>I1BZKREC126H0VB1BL91</lei>
        <title>Duke Energy Corp COM NEW</title>
        <cusip>26441C204</cusip>
        <identifiers>
          <isin value="US26441C2044"/>
          <ticker value="DUK"/>
        </identifiers>
        <balance>190670</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>15232626.3</valUSD>
        <pctVal>1.4990604745</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SJW Group</name>
        <lei>N/A</lei>
        <title>SJW Group COM</title>
        <cusip>784305104</cusip>
        <identifiers>
          <isin value="US7843051043"/>
          <ticker value="SJW"/>
        </identifiers>
        <balance>46220</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>2870724.2</valUSD>
        <pctVal>0.2825113081</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Cpfl Energia Sa</name>
        <lei>529900GBWSBDXN8GGM28</lei>
        <title>Cpfl Energia Sa COM NPV</title>
        <cusip>P3179C105</cusip>
        <identifiers>
          <isin value="BRCPFEACNOR0"/>
          <ticker value="CPFE3"/>
        </identifiers>
        <balance>487900</balance>
        <units>NS</units>
        <currencyConditional curCd="BRL" exchangeRt="5.4381"/>
        <valUSD>2765134.51</valUSD>
        <pctVal>0.2721201038</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Kinder Morgan, Inc.</name>
        <lei>549300WR7IX8XE0TBO16</lei>
        <title>Kinder Morgan, Inc. COM</title>
        <cusip>49456B101</cusip>
        <identifiers>
          <isin value="US49456B1017"/>
          <ticker value="KMI"/>
        </identifiers>
        <balance>549232</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>8331849.44</valUSD>
        <pctVal>0.8199469959</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Crown Castle International Corp.</name>
        <lei>54930012H97VSM0I2R19</lei>
        <title>Crown Castle International Corp. COM</title>
        <cusip>22822V101</cusip>
        <identifiers>
          <isin value="US22822V1017"/>
          <ticker value="CCI"/>
        </identifiers>
        <balance>61021</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>10211864.35</valUSD>
        <pctVal>1.0049614503</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>United Utilities Group Plc</name>
        <lei>2138002IEYQAOC88ZJ59</lei>
        <title>United Utilities Group Plc ORD GBP0.05</title>
        <cusip>G92755100</cusip>
        <identifiers>
          <isin value="GB00B39J2M42"/>
          <ticker value="UUGWF"/>
        </identifiers>
        <balance>754292</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt=".8070373"/>
        <valUSD>8496616.96</valUSD>
        <pctVal>0.8361619593</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Koninklijke Vopak N.V.</name>
        <lei>724500UL634GFV1KYF10</lei>
        <title>Koninklijke Vopak N.V. EUR0.50</title>
        <cusip>N5075T159</cusip>
        <identifiers>
          <isin value="NL0009432491"/>
          <ticker value="VOPKF"/>
        </identifiers>
        <balance>238984</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt=".8900756"/>
        <valUSD>12629774.67</valUSD>
        <pctVal>1.2429108177</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NL</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Hydro One Ltd</name>
        <lei>5493007QZDXTP1W2VL44</lei>
        <title>Hydro One Ltd COM</title>
        <cusip>448811208</cusip>
        <identifiers>
          <isin value="CA4488112083"/>
          <ticker value="HRNNF"/>
        </identifiers>
        <balance>680120</balance>
        <units>NS</units>
        <currencyConditional curCd="CAD" exchangeRt="1.3576"/>
        <valUSD>12789822.92</valUSD>
        <pctVal>1.2586613521</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Transurban Group</name>
        <lei>549300ZR71SUQ4VUTM79</lei>
        <title>Transurban Group STAPLED UNITS NPV</title>
        <cusip>Q9194A106</cusip>
        <identifiers>
          <isin value="AU000000TCL6"/>
          <ticker value="TRAUF"/>
        </identifiers>
        <balance>771543</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.4490653"/>
        <valUSD>7534184.29</valUSD>
        <pctVal>0.7414478406</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Spark Infr Group</name>
        <lei>N/A</lei>
        <title>Spark Infr Group STAPLED SEC</title>
        <cusip>Q8604W120</cusip>
        <identifiers>
          <isin value="AU000000SKI7"/>
          <ticker value="SFDPF"/>
        </identifiers>
        <balance>3283156</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.4490653"/>
        <valUSD>4926269</valUSD>
        <pctVal>0.4847998631</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Vinci SA</name>
        <lei>213800WFQ334R8UXUG83</lei>
        <title>Vinci SA EUR2.50</title>
        <cusip>F5879X108</cusip>
        <identifiers>
          <isin value="FR0000125486"/>
          <ticker value="VCISF"/>
        </identifiers>
        <balance>149716</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt=".8900756"/>
        <valUSD>13767700.99</valUSD>
        <pctVal>1.3548954706</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Flughafen Zurich AG</name>
        <lei>529900PFO97GCN5SYB55</lei>
        <title>Flughafen Zurich AG CHF10(REGD) POST SPLIT</title>
        <cusip>H26552135</cusip>
        <identifiers>
          <isin value="CH0319416936"/>
          <ticker value="UZAPF"/>
        </identifiers>
        <balance>67712</balance>
        <units>NS</units>
        <currencyConditional curCd="CHF" exchangeRt=".94745"/>
        <valUSD>8782189.37</valUSD>
        <pctVal>0.8642654723</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CH</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Fraport AG</name>
        <lei>5299001ERX0K10IZUL40</lei>
        <title>Fraport AG NPV</title>
        <cusip>D3856U108</cusip>
        <identifiers>
          <isin value="DE0005773303"/>
          <ticker value="FPRUF"/>
        </identifiers>
        <balance>153098</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt=".8900756"/>
        <valUSD>6671034.73</valUSD>
        <pctVal>0.6565042883</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>DE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Getlink Se</name>
        <lei>9695007ZEQ7M0OE74G82</lei>
        <title>Getlink Se EUR0.40</title>
        <cusip>F477AL114</cusip>
        <identifiers>
          <isin value="FR0010533075"/>
          <ticker value="GRPTF"/>
        </identifiers>
        <balance>1076837</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt=".8900756"/>
        <valUSD>15519414.1</valUSD>
        <pctVal>1.5272835955</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>National Grid plc</name>
        <lei>8R95QZMKZLJX5Q2XR704</lei>
        <title>National Grid plc ORD GBP0.12431289</title>
        <cusip>G6S9A7120</cusip>
        <identifiers>
          <isin value="GB00BDR05C01"/>
          <ticker value="NGGTF"/>
        </identifiers>
        <balance>1123320</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt=".8070373"/>
        <valUSD>13755295.11</valUSD>
        <pctVal>1.3536745935</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Pennon Group Plc</name>
        <lei>213800V1CCTS41GWH423</lei>
        <title>Pennon Group Plc ORD GBP0.407</title>
        <cusip>G8295T213</cusip>
        <identifiers>
          <isin value="GB00B18V8630"/>
          <ticker value="PEGRF"/>
        </identifiers>
        <balance>979697</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt=".8070373"/>
        <valUSD>13568423.81</valUSD>
        <pctVal>1.3352843715</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Severn Trent plc</name>
        <lei>213800RPBXRETY4A4C59</lei>
        <title>Severn Trent plc ORD GBP0.9789</title>
        <cusip>G8056D159</cusip>
        <identifiers>
          <isin value="GB00B1FH8J72"/>
          <ticker value="SVTRF"/>
        </identifiers>
        <balance>192183</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt=".8070373"/>
        <valUSD>5896452.04</valUSD>
        <pctVal>0.5802767047</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Severn Trent plc</name>
        <lei>213800RPBXRETY4A4C59</lei>
        <title>Severn Trent plc ORD GBP0.9789</title>
        <cusip>G8056D159</cusip>
        <identifiers>
          <isin value="GB00B1FH8J72"/>
          <ticker value="SVTRF"/>
        </identifiers>
        <balance>211090</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt=".8070373"/>
        <valUSD>6476546.1</valUSD>
        <pctVal>0.6373644360</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SSE Plc</name>
        <lei>549300KI75VYLLMSK856</lei>
        <title>SSE Plc GBP0.50</title>
        <cusip>G8842P102</cusip>
        <identifiers>
          <isin value="GB0007908733"/>
          <ticker value="SSEZF"/>
        </identifiers>
        <balance>400807</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt=".8070373"/>
        <valUSD>6767212.84</valUSD>
        <pctVal>0.6659692880</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Eversource Energy</name>
        <lei>SJ7XXD41SQU3ZNWUJ746</lei>
        <title>Eversource Energy COM</title>
        <cusip>30040W108</cusip>
        <identifiers>
          <isin value="US30040W1080"/>
          <ticker value="ES"/>
        </identifiers>
        <balance>194931</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>16231904.37</valUSD>
        <pctVal>1.5974005919</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>American Tower Corporation</name>
        <lei>5493006ORUSIL88JOE18</lei>
        <title>American Tower Corporation COM</title>
        <cusip>03027X100</cusip>
        <identifiers>
          <isin value="US03027X1000"/>
          <ticker value="AMT"/>
        </identifiers>
        <balance>60407</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>15617625.78</valUSD>
        <pctVal>1.5369487212</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Aurizon Holdings Ltd</name>
        <lei>5299005PC1O6NOWL3H48</lei>
        <title>Aurizon Holdings Ltd NPV</title>
        <cusip>Q0695Q104</cusip>
        <identifiers>
          <isin value="AU000000AZJ1"/>
          <ticker value="QRNNF"/>
        </identifiers>
        <balance>1864774</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.4490653"/>
        <valUSD>6349053.91</valUSD>
        <pctVal>0.6248177812</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SBA Communications Corporation</name>
        <lei>5299001HX8ZN8Y8QIT49</lei>
        <title>SBA Communications Corporation CL A</title>
        <cusip>78410G104</cusip>
        <identifiers>
          <isin value="US78410G1040"/>
          <ticker value="SBAC"/>
        </identifiers>
        <balance>46319</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>13799356.48</valUSD>
        <pctVal>1.3580107242</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Rubis</name>
        <lei>969500MGFIKUGLTC9742</lei>
        <title>Rubis EUR1.25</title>
        <cusip>F7686C152</cusip>
        <identifiers>
          <isin value="FR0013269123"/>
          <ticker value="RUBSF"/>
        </identifiers>
        <balance>123780</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt=".8900756"/>
        <valUSD>5941247.83</valUSD>
        <pctVal>0.5846851105</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Atlas Arteria</name>
        <lei>N/A</lei>
        <title>Atlas Arteria ORD STAPLED SEC</title>
        <cusip>Q06180105</cusip>
        <identifiers>
          <isin value="AU0000013559"/>
          <ticker value="MAQAF"/>
        </identifiers>
        <balance>1737546</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.4490653"/>
        <valUSD>7978761.67</valUSD>
        <pctVal>0.7851992177</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>American Electric Power Co, Inc.</name>
        <lei>1B4S6S7G0TW5EE83BO58</lei>
        <title>American Electric Power Co, Inc. COM</title>
        <cusip>025537101</cusip>
        <identifiers>
          <isin value="US0255371017"/>
          <ticker value="AEP"/>
        </identifiers>
        <balance>204501</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>16286459.64</valUSD>
        <pctVal>1.6027694394</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Atco Limited</name>
        <lei>5299005SPZ1QYL51JD25</lei>
        <title>Atco Limited CL 1 NON VTG</title>
        <cusip>046789400</cusip>
        <identifiers>
          <isin value="CA0467894006"/>
          <ticker value="ACLLF"/>
        </identifiers>
        <balance>98496</balance>
        <units>NS</units>
        <currencyConditional curCd="CAD" exchangeRt="1.3576"/>
        <valUSD>2921651.38</valUSD>
        <pctVal>0.2875231111</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CSX Corporation</name>
        <lei>549300JVQR4N1MMP3Q88</lei>
        <title>CSX Corporation COM</title>
        <cusip>126408103</cusip>
        <identifiers>
          <isin value="US1264081035"/>
          <ticker value="CSX"/>
        </identifiers>
        <balance>374908</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>26146083.92</valUSD>
        <pctVal>2.5730665347</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Dominion Energy Inc</name>
        <lei>ILUL7B6Z54MRYCF6H308</lei>
        <title>Dominion Energy Inc COM</title>
        <cusip>25746U109</cusip>
        <identifiers>
          <isin value="US25746U1097"/>
          <ticker value="D"/>
        </identifiers>
        <balance>248270</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>20154558.6</valUSD>
        <pctVal>1.9834335579</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>EMERA INCORPORATED</name>
        <lei>NQZVQT2P5IUF2PGA1Q48</lei>
        <title>EMERA INCORPORATED COM</title>
        <cusip>290876101</cusip>
        <identifiers>
          <isin value="CA2908761018"/>
          <ticker value="EMRAF"/>
        </identifiers>
        <balance>238408</balance>
        <units>NS</units>
        <currencyConditional curCd="CAD" exchangeRt="1.3576"/>
        <valUSD>9381080.85</valUSD>
        <pctVal>0.9232030796</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Xcel Energy Inc</name>
        <lei>LGJNMI9GH8XIDG5RCM61</lei>
        <title>Xcel Energy Inc COM</title>
        <cusip>98389B100</cusip>
        <identifiers>
          <isin value="US98389B1008"/>
          <ticker value="XEL"/>
        </identifiers>
        <balance>161732</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>10108250</valUSD>
        <pctVal>0.9947646416</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>GPO Aeroportuario</name>
        <lei>5299001W7JIDXCUOUC82</lei>
        <title>GPO Aeroportuario SER'B'NPV</title>
        <cusip>P4950Y100</cusip>
        <identifiers>
          <isin value="MXP001661018"/>
          <ticker value="ASRMF"/>
        </identifiers>
        <balance>431797</balance>
        <units>NS</units>
        <currencyConditional curCd="MXN" exchangeRt="22.9845"/>
        <valUSD>4837509.08</valUSD>
        <pctVal>0.4760648961</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>MX</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Enterprise Prods P</name>
        <lei>K4CDIF4M54DJZ6TB4Q48</lei>
        <title>Enterprise Prods P COM</title>
        <cusip>293792107</cusip>
        <identifiers>
          <isin value="US2937921078"/>
          <ticker value="EPD"/>
        </identifiers>
        <balance>448185</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>8143521.45</valUSD>
        <pctVal>0.8014134194</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>PNM Resources Inc.</name>
        <lei>5493003JOBJGLZSDDQ28</lei>
        <title>PNM Resources Inc. COM</title>
        <cusip>69349H107</cusip>
        <identifiers>
          <isin value="US69349H1077"/>
          <ticker value="PNM"/>
        </identifiers>
        <balance>157911</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>6070098.84</valUSD>
        <pctVal>0.5973654883</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Norfolk Southern Corporation</name>
        <lei>54930036C8MWP850MI84</lei>
        <title>Norfolk Southern Corporation COM</title>
        <cusip>655844108</cusip>
        <identifiers>
          <isin value="US6558441084"/>
          <ticker value="NSC"/>
        </identifiers>
        <balance>35477</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>6228696.89</valUSD>
        <pctVal>0.6129733069</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Norfolk Southern Corporation</name>
        <lei>54930036C8MWP850MI84</lei>
        <title>Norfolk Southern Corporation COM</title>
        <cusip>655844108</cusip>
        <identifiers>
          <isin value="US6558441084"/>
          <ticker value="NSC"/>
        </identifiers>
        <balance>128136</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>22496837.52</valUSD>
        <pctVal>2.2139399512</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>NiSource Inc.</name>
        <lei>549300D8GOWWH0SJB189</lei>
        <title>NiSource Inc. COM</title>
        <cusip>65473P105</cusip>
        <identifiers>
          <isin value="US65473P1057"/>
          <ticker value="NI"/>
        </identifiers>
        <balance>467874</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>10639454.76</valUSD>
        <pctVal>1.0470411200</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Centerpoint Energy Inc</name>
        <lei>21TPXMRRHFKOBHDC8J74</lei>
        <title>Centerpoint Energy Inc COM</title>
        <cusip>15189T107</cusip>
        <identifiers>
          <isin value="US15189T1079"/>
          <ticker value="CNP"/>
        </identifiers>
        <balance>316888</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>5916298.96</valUSD>
        <pctVal>0.5822298632</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Southwest Gas Holdings Inc</name>
        <lei>N/A</lei>
        <title>Southwest Gas Holdings Inc COM</title>
        <cusip>844895102</cusip>
        <identifiers>
          <isin value="US8448951025"/>
          <ticker value="SWX"/>
        </identifiers>
        <balance>72808</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>5027392.4</valUSD>
        <pctVal>0.4947515345</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>UGI Corp</name>
        <lei>DX6GCWD4Q1JO9CRE5I40</lei>
        <title>UGI Corp COM</title>
        <cusip>902681105</cusip>
        <identifiers>
          <isin value="US9026811052"/>
          <ticker value="UGI"/>
        </identifiers>
        <balance>261499</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>8315668.2</valUSD>
        <pctVal>0.8183545813</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Union Pacific Corporation</name>
        <lei>549300LMMRSZZCZ8CL11</lei>
        <title>Union Pacific Corporation COM</title>
        <cusip>907818108</cusip>
        <identifiers>
          <isin value="US9078181081"/>
          <ticker value="UNP"/>
        </identifiers>
        <balance>23439</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>3962831.73</valUSD>
        <pctVal>0.3899868806</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Union Pacific Corporation</name>
        <lei>549300LMMRSZZCZ8CL11</lei>
        <title>Union Pacific Corporation COM</title>
        <cusip>907818108</cusip>
        <identifiers>
          <isin value="US9078181081"/>
          <ticker value="UNP"/>
        </identifiers>
        <balance>48868</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>8262112.76</valUSD>
        <pctVal>0.8130841281</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Avista Corporation</name>
        <lei>Q0IK63NITJD6RJ47SW96</lei>
        <title>Avista Corporation COM</title>
        <cusip>05379B107</cusip>
        <identifiers>
          <isin value="US05379B1070"/>
          <ticker value="AVA"/>
        </identifiers>
        <balance>120572</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>4387615.08</valUSD>
        <pctVal>0.4317903042</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>The Williams Companies, Inc.</name>
        <lei>D71FAKCBLFS2O0RBPG08</lei>
        <title>The Williams Companies, Inc. COM</title>
        <cusip>969457100</cusip>
        <identifiers>
          <isin value="US9694571004"/>
          <ticker value="WMB"/>
        </identifiers>
        <balance>312008</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>5934392.16</valUSD>
        <pctVal>0.5840104360</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Alliant Energy Corporation</name>
        <lei>5493009ML300G373MZ12</lei>
        <title>Alliant Energy Corporation COM</title>
        <cusip>018802108</cusip>
        <identifiers>
          <isin value="US0188021085"/>
          <ticker value="LNT"/>
        </identifiers>
        <balance>180951</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>8656695.84</valUSD>
        <pctVal>0.8519155081</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Evergy Inc</name>
        <lei>549300PGTHDQY6PSUI61</lei>
        <title>Evergy Inc COM</title>
        <cusip>30034W106</cusip>
        <identifiers>
          <isin value="US30034W1062"/>
          <ticker value="EVRG"/>
        </identifiers>
        <balance>147659</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>8754702.11</valUSD>
        <pctVal>0.8615604191</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Magellan Midstream Partners LP</name>
        <lei>MZF5TI8NFVZZNUSKDL39</lei>
        <title>Magellan Midstream Partners LP COM UNIT RP LP</title>
        <cusip>559080106</cusip>
        <identifiers>
          <isin value="US5590801065"/>
          <ticker value="MMP"/>
        </identifiers>
        <balance>136300</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>5884071</valUSD>
        <pctVal>0.5790582721</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Cheniere Energy Inc</name>
        <lei>MIHC87W9WTYSYZWV1J40</lei>
        <title>Cheniere Energy Inc COM NEW</title>
        <cusip>16411R208</cusip>
        <identifiers>
          <isin value="US16411R2085"/>
          <ticker value="LNG"/>
        </identifiers>
        <balance>143752</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>6946096.64</valUSD>
        <pctVal>0.6835734508</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Nextera Energy Inc</name>
        <lei>N/A</lei>
        <title>Nextera Energy Inc COM</title>
        <cusip>65339F101</cusip>
        <identifiers>
          <isin value="US65339F1012"/>
          <ticker value="NEE"/>
        </identifiers>
        <balance>101315</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>24332823.55</valUSD>
        <pctVal>2.3946214723</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Eiffage</name>
        <lei>969500OQXKE5WDM9M994</lei>
        <title>Eiffage EUR4</title>
        <cusip>F2924U106</cusip>
        <identifiers>
          <isin value="FR0000130452"/>
          <ticker value="EFGSF"/>
        </identifiers>
        <balance>105127</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt=".8900756"/>
        <valUSD>9598796.57</valUSD>
        <pctVal>0.9446287369</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ASTM SPA</name>
        <lei>8156003F2286CFA55E20</lei>
        <title>ASTM SPA NPV</title>
        <cusip>T0510N101</cusip>
        <identifiers>
          <isin value="IT0000084027"/>
          <ticker value="ASTPF"/>
        </identifiers>
        <balance>211616</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt=".8900756"/>
        <valUSD>4842157.8</valUSD>
        <pctVal>0.4765223820</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IT</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Promotora Y Operad</name>
        <lei>52990035X6RK8DBUWA73</lei>
        <title>Promotora Y Operad COM NPV</title>
        <cusip>P7925L103</cusip>
        <identifiers>
          <isin value="MX01PI000005"/>
          <ticker value="PYOIF"/>
        </identifiers>
        <balance>444806</balance>
        <units>NS</units>
        <currencyConditional curCd="MXN" exchangeRt="22.9845"/>
        <valUSD>3212310.38</valUSD>
        <pctVal>0.3161272014</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>MX</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Pembina Pipeline Corporation</name>
        <lei>5493002W3L9YICM6FU21</lei>
        <title>Pembina Pipeline Corporation COM</title>
        <cusip>706327103</cusip>
        <identifiers>
          <isin value="CA7063271034"/>
          <ticker value="PBA"/>
        </identifiers>
        <balance>198600</balance>
        <units>NS</units>
        <currencyConditional curCd="CAD" exchangeRt="1.3576"/>
        <valUSD>4965000</valUSD>
        <pctVal>0.4886114259</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Crown Castle International Corp.</name>
        <lei>54930012H97VSM0I2R19</lei>
        <title>Crown Castle International Corp. COM</title>
        <cusip>22822V101</cusip>
        <identifiers>
          <isin value="US22822V1017"/>
          <ticker value="CCI"/>
        </identifiers>
        <balance>46221</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>7735084.35</valUSD>
        <pctVal>0.7612186492</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Italgas Spa</name>
        <lei>815600F25FF44EF1FA76</lei>
        <title>Italgas Spa NPV</title>
        <cusip>T6R89Z103</cusip>
        <identifiers>
          <isin value="IT0005211237"/>
          <ticker value="IG"/>
        </identifiers>
        <balance>1553782</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt=".8900756"/>
        <valUSD>9015929.92</valUSD>
        <pctVal>0.8872681518</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IT</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Snam S.p.A.</name>
        <lei>8156002278562044AF79</lei>
        <title>Snam S.p.A. NPV</title>
        <cusip>T8578N103</cusip>
        <identifiers>
          <isin value="IT0003153415"/>
          <ticker value="SNMRF"/>
        </identifiers>
        <balance>4065720</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt=".8900756"/>
        <valUSD>19775049.4</valUSD>
        <pctVal>1.9460856160</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IT</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SES S.A.</name>
        <lei>5493008JPA4HYMH1HX51</lei>
        <title>SES S.A. FIDUCIARY DR EACH REP 1 'A' SHS NPV</title>
        <cusip>L8300G135</cusip>
        <identifiers>
          <isin value="LU0088087324"/>
          <ticker value="SGBAF"/>
        </identifiers>
        <balance>919255</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt=".8900756"/>
        <valUSD>6271490.68</valUSD>
        <pctVal>0.6171846935</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>LU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Terna Spa - Trasmissione Elettricita Rete Nazionale</name>
        <lei>8156009E94ED54DE7C31</lei>
        <title>Terna Spa - Trasmissione Elettricita Rete Nazionale ORD EUR0.22</title>
        <cusip>T9471R100</cusip>
        <identifiers>
          <isin value="IT0003242622"/>
          <ticker value="TERRF"/>
        </identifiers>
        <balance>3029362</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt=".8900756"/>
        <valUSD>20798533.75</valUSD>
        <pctVal>2.0468079016</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IT</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Ferrovial Sa</name>
        <lei>95980020140005757903</lei>
        <title>Ferrovial Sa EUR0.2</title>
        <cusip>E49512119</cusip>
        <identifiers>
          <isin value="ES0118900010"/>
          <ticker value="FRRVF"/>
        </identifiers>
        <balance>896679</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt=".8900756"/>
        <valUSD>23841399.47</valUSD>
        <pctVal>2.3462598569</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>ES</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Eutelsat Communica</name>
        <lei>549300EFWH9UR17YSK05</lei>
        <title>Eutelsat Communica EUR1</title>
        <cusip>F3692M128</cusip>
        <identifiers>
          <isin value="FR0010221234"/>
          <ticker value="EUTLF"/>
        </identifiers>
        <balance>649224</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt=".8900756"/>
        <valUSD>5982022.71</valUSD>
        <pctVal>0.5886978139</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Portland General Electric Company</name>
        <lei>GJOUP9M7C39GLSK9R870</lei>
        <title>Portland General Electric Company COM NEW</title>
        <cusip>736508847</cusip>
        <identifiers>
          <isin value="US7365088472"/>
          <ticker value="POR"/>
        </identifiers>
        <balance>165273</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>6910064.13</valUSD>
        <pctVal>0.6800274496</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>United Utilities Group Plc</name>
        <lei>2138002IEYQAOC88ZJ59</lei>
        <title>United Utilities Group Plc ORD GBP0.05</title>
        <cusip>G92755100</cusip>
        <identifiers>
          <isin value="GB00B39J2M42"/>
          <ticker value="UUGWF"/>
        </identifiers>
        <balance>1313133</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt=".8070373"/>
        <valUSD>14791603.41</valUSD>
        <pctVal>1.4556588989</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Northern Inst Fds</name>
        <lei>549300Y178DO5JBR1S04</lei>
        <title>Northern Inst Fds GOVT PTFL</title>
        <cusip>665278404</cusip>
        <identifiers>
          <isin value="US6652784041"/>
          <ticker value="BNGXX"/>
        </identifiers>
        <balance>13523576.79</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>13523576.79</valUSD>
        <pctVal>1.3308709241</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>STIV</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Northern Inst Fds</name>
        <lei>549300Y178DO5JBR1S04</lei>
        <title>Northern Inst Fds GOVT PTFL</title>
        <cusip>665278404</cusip>
        <identifiers>
          <isin value="US6652784041"/>
          <ticker value="BNGXX"/>
        </identifiers>
        <balance>9134869.87</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>9134869.87</valUSD>
        <pctVal>0.8989731706</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>STIV</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Aena SME S.A.</name>
        <lei>959800R7QMXKF0NFMT29</lei>
        <title>Aena SME S.A. EUR10</title>
        <cusip>E526K0106</cusip>
        <identifiers>
          <isin value="ES0105046009"/>
          <ticker value="ANNSF"/>
        </identifiers>
        <balance>34202</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt=".8900756"/>
        <valUSD>4553242.03</valUSD>
        <pctVal>0.4480898450</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>ES</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Signature Aviation Plc</name>
        <lei>2138001T2QEV5RXMFI32</lei>
        <title>Signature Aviation Plc ORD GBP0.37202380</title>
        <cusip>G8127H114</cusip>
        <identifiers>
          <isin value="GB00BKDM7X41"/>
          <ticker value="BBAVF"/>
        </identifiers>
        <balance>975155</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt=".8070373"/>
        <valUSD>2798590.29</valUSD>
        <pctVal>0.2754125261</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Jiangsu Expressway Company Limited</name>
        <lei>529900UWWTWZ6AKLYD43</lei>
        <title>Jiangsu Expressway Company Limited H SHS CNY1</title>
        <cusip>Y4443L103</cusip>
        <identifiers>
          <isin value="CNE1000003J5"/>
          <ticker value="JEXYF"/>
        </identifiers>
        <balance>6824000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.7505"/>
        <valUSD>8014820.92</valUSD>
        <pctVal>0.7887478505</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Transurban Group</name>
        <lei>549300ZR71SUQ4VUTM79</lei>
        <title>Transurban Group STAPLED UNITS NPV</title>
        <cusip>Q9194A106</cusip>
        <identifiers>
          <isin value="AU000000TCL6"/>
          <ticker value="TRAUF"/>
        </identifiers>
        <balance>2728476</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.4490653"/>
        <valUSD>26643804.7</valUSD>
        <pctVal>2.6220478156</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Transurban Group</name>
        <lei>549300ZR71SUQ4VUTM79</lei>
        <title>Transurban Group STAPLED UNITS NPV</title>
        <cusip>Q9194A106</cusip>
        <identifiers>
          <isin value="AU000000TCL6"/>
          <ticker value="TRAUF"/>
        </identifiers>
        <balance>933868</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.4490653"/>
        <valUSD>9119301.99</valUSD>
        <pctVal>0.8974411174</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>China Gas Holdings Limited</name>
        <lei>254900KTSZLZ21VV8T33</lei>
        <title>China Gas Holdings Limited HKD0.01</title>
        <cusip>G2109G103</cusip>
        <identifiers>
          <isin value="BMG2109G1033"/>
          <ticker value="CGHOF"/>
        </identifiers>
        <balance>1594400</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.7505"/>
        <valUSD>4909929.92</valUSD>
        <pctVal>0.4831919152</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>BM</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CLP Holdings Ltd</name>
        <lei>25490002BUTSMP94GO68</lei>
        <title>CLP Holdings Ltd NPV</title>
        <cusip>Y1660Q104</cusip>
        <identifiers>
          <isin value="HK0002007356"/>
          <ticker value="CLPHF"/>
        </identifiers>
        <balance>914500</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.7505"/>
        <valUSD>8955467.88</valUSD>
        <pctVal>0.8813180121</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>HK</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>East Japan Railway Co</name>
        <lei>353800SENYJ2DSM6PS44</lei>
        <title>East Japan Railway Co NPV</title>
        <cusip>J1257M109</cusip>
        <identifiers>
          <isin value="JP3783600004"/>
          <ticker value="EJPRF"/>
        </identifiers>
        <balance>120400</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="107.975"/>
        <valUSD>8343697.61</valUSD>
        <pctVal>0.8211129881</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Spark Infr Group</name>
        <lei>N/A</lei>
        <title>Spark Infr Group STAPLED SEC</title>
        <cusip>Q8604W120</cusip>
        <identifiers>
          <isin value="AU000000SKI7"/>
          <ticker value="SFDPF"/>
        </identifiers>
        <balance>4558672</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.4490653"/>
        <valUSD>6840139.34</valUSD>
        <pctVal>0.6731460697</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Power Assets Holdings Limited</name>
        <lei>254900JOWYUW1ZX4DF47</lei>
        <title>Power Assets Holdings Limited NPV</title>
        <cusip>Y7092Q109</cusip>
        <identifiers>
          <isin value="HK0006000050"/>
          <ticker value="HGKGF"/>
        </identifiers>
        <balance>1238420</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.7505"/>
        <valUSD>6725038.24</valUSD>
        <pctVal>0.6618188365</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>HK</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Vinci SA</name>
        <lei>213800WFQ334R8UXUG83</lei>
        <title>Vinci SA EUR2.50</title>
        <cusip>F5879X108</cusip>
        <identifiers>
          <isin value="FR0000125486"/>
          <ticker value="VCISF"/>
        </identifiers>
        <balance>155988</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt=".8900756"/>
        <valUSD>14344466.47</valUSD>
        <pctVal>1.4116556324</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Northern Inst Fds</name>
        <lei>549300Y178DO5JBR1S04</lei>
        <title>Northern Inst Fds GOVT PTFL</title>
        <cusip>665278404</cusip>
        <identifiers>
          <isin value="US6652784041"/>
          <ticker value="BNGXX"/>
        </identifiers>
        <balance>42480</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>42480</valUSD>
        <pctVal>0.0041805062</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>STIV</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Vinci SA</name>
        <lei>213800WFQ334R8UXUG83</lei>
        <title>Vinci SA EUR2.50</title>
        <cusip>F5879X108</cusip>
        <identifiers>
          <isin value="FR0000125486"/>
          <ticker value="VCISF"/>
        </identifiers>
        <balance>97169</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt=".8900756"/>
        <valUSD>8935542.88</valUSD>
        <pctVal>0.8793571697</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Atlantia SPA</name>
        <lei>8156008DEC771409C487</lei>
        <title>Atlantia SPA EUR1</title>
        <cusip>T05404107</cusip>
        <identifiers>
          <isin value="IT0003506190"/>
          <ticker value="ATASF"/>
        </identifiers>
        <balance>528336</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt=".8900756"/>
        <valUSD>8473698.76</valUSD>
        <pctVal>0.8339065525</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IT</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Atlantia SPA</name>
        <lei>8156008DEC771409C487</lei>
        <title>Atlantia SPA EUR1</title>
        <cusip>T05404107</cusip>
        <identifiers>
          <isin value="IT0003506190"/>
          <ticker value="ATASF"/>
        </identifiers>
        <balance>887070</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt=".8900756"/>
        <valUSD>14227241.69</valUSD>
        <pctVal>1.4001194055</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IT</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>REN - Redes Energeticas Nacionais, SGPS, S.A</name>
        <lei>549300FR1FN48IGHR915</lei>
        <title>REN - Redes Energeticas Nacionais, SGPS, S.A EUR1(REGD)</title>
        <cusip>X70955103</cusip>
        <identifiers>
          <isin value="PTREL0AM0008"/>
          <ticker value="RENE"/>
        </identifiers>
        <balance>1283008</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt=".8900756"/>
        <valUSD>3500459.49</valUSD>
        <pctVal>0.3444842905</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>PT</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Tokyo Gas Co Ltd</name>
        <lei>353800678EIJLOQSWZ83</lei>
        <title>Tokyo Gas Co Ltd NPV</title>
        <cusip>J87000113</cusip>
        <identifiers>
          <isin value="JP3573000001"/>
          <ticker value="TKGSF"/>
        </identifiers>
        <balance>259300</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="107.975"/>
        <valUSD>6201628.59</valUSD>
        <pctVal>0.6103094840</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>West Japan Railway Co</name>
        <lei>N/A</lei>
        <title>West Japan Railway Co NPV</title>
        <cusip>J95094108</cusip>
        <identifiers>
          <isin value="JP3659000008"/>
          <ticker value="WJRYF"/>
        </identifiers>
        <balance>63800</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="107.975"/>
        <valUSD>3577446.9</valUSD>
        <pctVal>0.3520607111</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Flughafen Zurich AG</name>
        <lei>529900PFO97GCN5SYB55</lei>
        <title>Flughafen Zurich AG CHF10(REGD) POST SPLIT</title>
        <cusip>H26552135</cusip>
        <identifiers>
          <isin value="CH0319416936"/>
          <ticker value="UZAPF"/>
        </identifiers>
        <balance>62230</balance>
        <units>NS</units>
        <currencyConditional curCd="CHF" exchangeRt=".94745"/>
        <valUSD>8071178.6</valUSD>
        <pctVal>0.7942940753</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CH</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Fraport AG</name>
        <lei>5299001ERX0K10IZUL40</lei>
        <title>Fraport AG NPV</title>
        <cusip>D3856U108</cusip>
        <identifiers>
          <isin value="DE0005773303"/>
          <ticker value="FPRUF"/>
        </identifiers>
        <balance>126464</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt=".8900756"/>
        <valUSD>5510494.82</valUSD>
        <pctVal>0.5422942057</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>DE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Hera SpA</name>
        <lei>8156009414FD99443B48</lei>
        <title>Hera SpA EUR1</title>
        <cusip>T5250M106</cusip>
        <identifiers>
          <isin value="IT0001250932"/>
          <ticker value="HER"/>
        </identifiers>
        <balance>2100898</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt=".8900756"/>
        <valUSD>7890392.77</valUSD>
        <pctVal>0.7765027315</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IT</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Hera SpA</name>
        <lei>8156009414FD99443B48</lei>
        <title>Hera SpA EUR1</title>
        <cusip>T5250M106</cusip>
        <identifiers>
          <isin value="IT0001250932"/>
          <ticker value="HER"/>
        </identifiers>
        <balance>549570</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt=".8900756"/>
        <valUSD>2064033.17</valUSD>
        <pctVal>0.2031239054</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IT</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Infraestructura Energetica Nova S.A.B. de C.V.</name>
        <lei>715K4H1JYF3O6JOK1411</lei>
        <title>Infraestructura Energetica Nova S.A.B. de C.V. COM MXN10 'CLS II'</title>
        <cusip>P5R19K107</cusip>
        <identifiers>
          <isin value="MX01IE060002"/>
          <ticker value="IENVF"/>
        </identifiers>
        <balance>732976</balance>
        <units>NS</units>
        <currencyConditional curCd="MXN" exchangeRt="22.9845"/>
        <valUSD>2108248.75</valUSD>
        <pctVal>0.2074752120</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>MX</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Auckland International Airport Limited</name>
        <lei>549300HFZIZDJWB7AK60</lei>
        <title>Auckland International Airport Limited NPV</title>
        <cusip>Q06213146</cusip>
        <identifiers>
          <isin value="NZAIAE0002S6"/>
          <ticker value="ACKDF"/>
        </identifiers>
        <balance>845210</balance>
        <units>NS</units>
        <currencyConditional curCd="NZD" exchangeRt="1.5496668"/>
        <valUSD>3575931.04</valUSD>
        <pctVal>0.3519115336</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NZ</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ENN Energy Holdings Limited</name>
        <lei>549300V7BXPWT6WIPR03</lei>
        <title>ENN Energy Holdings Limited HKD0.10</title>
        <cusip>G3066L101</cusip>
        <identifiers>
          <isin value="KYG3066L1014"/>
          <ticker value="XNGSF"/>
        </identifiers>
        <balance>407500</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.7505"/>
        <valUSD>4576699.43</valUSD>
        <pctVal>0.4503983150</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>National Grid plc</name>
        <lei>8R95QZMKZLJX5Q2XR704</lei>
        <title>National Grid plc ORD GBP0.12431289</title>
        <cusip>G6S9A7120</cusip>
        <identifiers>
          <isin value="GB00BDR05C01"/>
          <ticker value="NGGTF"/>
        </identifiers>
        <balance>501775</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt=".8070373"/>
        <valUSD>6144342.85</valUSD>
        <pctVal>0.6046719277</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>National Grid plc</name>
        <lei>8R95QZMKZLJX5Q2XR704</lei>
        <title>National Grid plc ORD GBP0.12431289</title>
        <cusip>G6S9A7120</cusip>
        <identifiers>
          <isin value="GB00BDR05C01"/>
          <ticker value="NGGTF"/>
        </identifiers>
        <balance>2152924</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt=".8070373"/>
        <valUSD>26363017.66</valUSD>
        <pctVal>2.5944152364</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>United States Treasury Bills</name>
        <lei>254900HROIFWPRGM1V77</lei>
        <title>B 0 07/16/20</title>
        <cusip>912796SZ3</cusip>
        <identifiers>
          <isin value="US912796SZ37"/>
          <ticker value="B"/>
        </identifiers>
        <balance>2890000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2889846.45</valUSD>
        <pctVal>0.2843931509</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>UST</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2020-07-16</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>N/A</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Northern Inst Fds</name>
        <lei>549300Y178DO5JBR1S04</lei>
        <title>Northern Inst Fds GOVT PTFL</title>
        <cusip>665278404</cusip>
        <identifiers>
          <isin value="US6652784041"/>
          <ticker value="BNGXX"/>
        </identifiers>
        <balance>22086153.39</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>22086153.39</valUSD>
        <pctVal>2.1735240482</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>STIV</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Terna Participacoes SA</name>
        <lei>N/A</lei>
        <title>Terna Participacoes SA UNITS(1 COM NPV &amp; 2 PRF NPV)</title>
        <cusip>P9T5CD126</cusip>
        <identifiers>
          <isin value="BRTAEECDAM10"/>
          <ticker value="TAEE11"/>
        </identifiers>
        <balance>830500</balance>
        <units>NS</units>
        <currencyConditional curCd="BRL" exchangeRt="5.4381"/>
        <valUSD>4347903.68</valUSD>
        <pctVal>0.4278822591</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Cheniere Energy Inc</name>
        <lei>MIHC87W9WTYSYZWV1J40</lei>
        <title>Cheniere Energy Inc COM NEW</title>
        <cusip>16411R208</cusip>
        <identifiers>
          <isin value="US16411R2085"/>
          <ticker value="LNG"/>
        </identifiers>
        <balance>105600</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>5102592</valUSD>
        <pctVal>0.5021520146</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Northern Inst Fds</name>
        <lei>549300Y178DO5JBR1S04</lei>
        <title>Northern Inst Fds GOVT PTFL</title>
        <cusip>665278404</cusip>
        <identifiers>
          <isin value="US6652784041"/>
          <ticker value="BNGXX"/>
        </identifiers>
        <balance>3847508.14</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>3847508.14</valUSD>
        <pctVal>0.3786377519</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>STIV</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>TC Energy Corp</name>
        <lei>549300UGKOFV2IWJJG27</lei>
        <title>TC Energy Corp COM</title>
        <cusip>87807B107</cusip>
        <identifiers>
          <isin value="CA87807B1076"/>
          <ticker value="TRP"/>
        </identifiers>
        <balance>62902</balance>
        <units>NS</units>
        <currencyConditional curCd="CAD" exchangeRt="1.3576"/>
        <valUSD>2687327.64</valUSD>
        <pctVal>0.2644630393</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ICE Futures US Indices</name>
        <lei>5493004R83R1LVX2IL36</lei>
        <title>FUT. MSCI EAFE NYF SEP20</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="N/A"/>
          <ticker value="MFSU0"/>
          <other otherDesc="NT_ID" value="9J2SPAU"/>
        </identifiers>
        <balance>99</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>8803080</valUSD>
        <pctVal>0.8663213435</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DE</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <futrDeriv derivCat="FUT">
            <counterparties>
              <counterpartyName>ICE Futures US Indices</counterpartyName>
              <counterpartyLei>5493004R83R1LVX2IL36</counterpartyLei>
            </counterparties>
            <payOffProf>Long</payOffProf>
            <descRefInstrmnt>
              <indexBasketInfo>
                <indexName>MSCI EAFE Index</indexName>
                <indexIdentifier>MXEA</indexIdentifier>
              </indexBasketInfo>
            </descRefInstrmnt>
            <expDate>2020-09-18</expDate>
            <notionalAmt>8803080</notionalAmt>
            <curCd>USD</curCd>
            <unrealizedAppr>55552.73</unrealizedAppr>
          </futrDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Chicago Mercantile Exchange</name>
        <lei>SNZ2OJLFK8MNNCLQOF39</lei>
        <title>SEP 20 EMINI S&amp;P SEP 20</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="N/A"/>
          <ticker value="ESU0"/>
          <other otherDesc="NT_ID" value="9JY6QSU"/>
        </identifiers>
        <balance>74</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>11433740</valUSD>
        <pctVal>1.1252076544</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DE</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <futrDeriv derivCat="FUT">
            <counterparties>
              <counterpartyName>Chicago Mercantile Exchange</counterpartyName>
              <counterpartyLei>SNZ2OJLFK8MNNCLQOF39</counterpartyLei>
            </counterparties>
            <payOffProf>Long</payOffProf>
            <descRefInstrmnt>
              <indexBasketInfo>
                <indexName>Standard and Poor's 500 Index</indexName>
                <indexIdentifier>SPX</indexIdentifier>
              </indexBasketInfo>
            </descRefInstrmnt>
            <expDate>2020-09-18</expDate>
            <notionalAmt>11433740</notionalAmt>
            <curCd>USD</curCd>
            <unrealizedAppr>242496.16</unrealizedAppr>
          </futrDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
    </invstOrSecs>
    <signature>
      <ncom:dateSigned>2020-07-30</ncom:dateSigned>
      <ncom:nameOfApplicant>Northern Funds</ncom:nameOfApplicant>
      <ncom:signature>Randal E. Rein </ncom:signature>
      <ncom:signerName>Randal E. Rein </ncom:signerName>
      <ncom:title>Treasurer and Principal Financial Officer</ncom:title>
    </signature>
  </formData>
  <documents>XXXX</documents>
</edgarSubmission>
