<SEC-DOCUMENT>0001752724-22-069001.txt : 20220323
<SEC-HEADER>0001752724-22-069001.hdr.sgml : 20220323
<ACCEPTANCE-DATETIME>20220323130655
ACCESSION NUMBER:		0001752724-22-069001
CONFORMED SUBMISSION TYPE:	NPORT-P
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20220131
FILED AS OF DATE:		20220323
PERIOD START:           	20221031

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Duff & Phelps Utility & Infrastructure Fund Inc.
		CENTRAL INDEX KEY:			0001515671
		IRS NUMBER:				452261437
		FISCAL YEAR END:			1031

	FILING VALUES:
		FORM TYPE:		NPORT-P
		SEC ACT:		1940 Act
		SEC FILE NUMBER:	811-22533
		FILM NUMBER:		22762651

	BUSINESS ADDRESS:	
		STREET 1:		200 SOUTH WACKER DRIVE
		STREET 2:		SUITE 500
		CITY:			CHICAGO
		STATE:			IL
		ZIP:			60606
		BUSINESS PHONE:		(866) 270-7598

	MAIL ADDRESS:	
		STREET 1:		200 SOUTH WACKER DRIVE
		STREET 2:		SUITE 500
		CITY:			CHICAGO
		STATE:			IL
		ZIP:			60606

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	Duff & Phelps Global Utility Income Fund Inc.
		DATE OF NAME CHANGE:	20110627

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	Duff & Phelps Global Utility & Midstream Energy Income Fund Inc.
		DATE OF NAME CHANGE:	20110316
</SEC-HEADER>
<DOCUMENT>
<TYPE>NPORT-P
<SEQUENCE>1
<FILENAME>primary_doc.xml
<TEXT>
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      <invstOrSec>
        <name>Canadian Pacific Railway Ltd</name>
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      <invstOrSec>
        <name>Western Midstream Partners LP</name>
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      <invstOrSec>
        <name>Aena SME SA</name>
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      <invstOrSec>
        <name>Alliant Energy Corp</name>
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        <name>Norfolk Southern Corp</name>
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        <name>Orsted AS</name>
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        <name>Emera Inc</name>
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      <invstOrSec>
        <name>Williams Cos Inc/The</name>
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      <invstOrSec>
        <name>OGE Energy Corp</name>
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        <title>OGE Energy Corp</title>
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          <isin value="US6708371033"/>
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      <invstOrSec>
        <name>Plains All American Pipeline L</name>
        <lei>5521FA2ITF25TVH63740</lei>
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        <name>CenterPoint Energy Inc</name>
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        <name>Atmos Energy Corp</name>
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        <name>Evergy Inc</name>
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        <title>Evergy Inc</title>
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        <name>Enviva Inc</name>
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        <name>National Grid PLC</name>
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        <name>BlackRock Liquidity FedFund</name>
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        <name>Canadian National Railway Co</name>
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        <name>American Electric Power Co Inc</name>
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        <name>Ameren Corp</name>
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        <name>Vinci SA</name>
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        <name>Cheniere Energy Inc</name>
        <lei>MIHC87W9WTYSYZWV1J40</lei>
        <title>Cheniere Energy Inc</title>
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        <name>Energy Transfer LP</name>
        <lei>MTLVN9N7JE8MIBIJ1H73</lei>
        <title>Energy Transfer LP</title>
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          <ticker value="ET"/>
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        <name>Dominion Energy Inc</name>
        <lei>ILUL7B6Z54MRYCF6H308</lei>
        <title>Dominion Energy Inc</title>
        <cusip>25746U109</cusip>
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      <ncom:signature>Amy Hackett</ncom:signature>
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<DIV
style="color:#000000;font-family:Times New Roman;font-size:11pt;font-style:Normal;font-weight:bold;line-height:14pt;text-align:center;text-decoration:none;text-transform:none;">DUFF &amp; PHELPS UTILITY AND
INFRASTRUCTURE FUND INC.</DIV>
<DIV
style="color:#000000;font-family:Times New Roman;font-size:11pt;font-style:Normal;font-weight:bold;line-height:14pt;text-align:center;text-decoration:none;text-transform:none;">SCHEDULE OF INVESTMENTS <FONT
style="text-transform:uppercase;">January 31, 2022</FONT></DIV>
<DIV
style="color:#000000;font-family:Times New Roman;font-size:11pt;font-style:Normal;font-weight:bold;line-height:14pt;text-align:center;text-decoration:none;text-transform:none;">(Unaudited)</DIV>
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<DIV
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</TD><TD
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</TD><TD
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text-align:center;text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:55.31%;">Description
</TD><TD
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</TD><TD
style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Times New Roman;font-size:8pt;font-style:Normal;font-weight:bold;line-height:11pt;padding-bottom:3.5pt;padding-left:4pt;text-align:center;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:26.26%;">Value
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text-transform:uppercase;vertical-align:top;width:100%;" colspan="5">Common Stocks &amp; MLP Interests&#8212;137.5%
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="line-height:9pt;padding-bottom:1pt;padding-right:4pt;padding-top:1pt;text-align:right;vertical-align:top;width:16.26%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:1pt;padding-right:4pt;padding-top:1pt;text-align:right;vertical-align:top;width:2.00%;">&#160;
</TD><TD
style="color:#000000;font-family:Times New Roman;font-size:9pt;font-style:Normal;font-weight:bold;line-height:12pt;padding-bottom:1pt;padding-left:4pt;padding-top:1pt;text-align:left;text-decoration:none;
text-transform:none;vertical-align:bottom;width:83.56%;" colspan="3">&#9632;<FONT
style="padding-left:6.85pt;"></FONT>&#8199;<FONT
style="text-transform:uppercase;">Airport Services&#8212;2.9%</FONT>
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<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Times New Roman;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-bottom:1pt;padding-left:0pt;padding-right:4pt;padding-top:1pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:top;white-space:nowrap;width:16.26%;">68,875
</TD><TD
style="line-height:0pt;padding-bottom:1pt;padding-right:4pt;padding-top:1pt;text-align:right;vertical-align:top;width:2.00%;">&#160;
</TD><TD
style="color:#000000;font-family:Times New Roman;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-bottom:1pt;padding-left:4pt;padding-right:4pt;padding-top:1pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:bottom;width:55.31%;"><DIV
style="float:left;">Aena SME S.A. (Spain)<SUP
style="font-size:85%;font-style:Normal;text-transform:none;">(1)</SUP></DIV><HR
style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-5pt;margin-top:5pt;padding-top:4.50pt;vertical-align:auto;"
noshade="noshade">
</TD><TD
style="line-height:0pt;padding-bottom:1pt;padding-right:4pt;padding-top:1pt;text-align:left;vertical-align:top;width:2.00%;">&#160;
</TD><TD
style="color:#000000;font-family:Times New Roman;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-bottom:1pt;padding-left:4pt;padding-top:1pt;text-align:right;text-decoration:none;
text-transform:none;vertical-align:bottom;width:26.26%;">$<FONT
style="padding-left:4.5pt;"></FONT>11,076,606
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Times New Roman;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-bottom:3.5pt;padding-left:0pt;padding-right:4pt;padding-top:1pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:top;white-space:nowrap;width:16.26%;">22,020
</TD><TD
style="line-height:0pt;padding-bottom:3.5pt;padding-right:4pt;padding-top:1pt;text-align:right;vertical-align:top;width:2.00%;">&#160;
</TD><TD
style="color:#000000;font-family:Times New Roman;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-bottom:3.5pt;padding-left:4pt;padding-right:4pt;padding-top:1pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:bottom;width:55.31%;"><DIV
style="float:left;">Flughafen Zurich AG (Switzerland)<SUP
style="font-size:85%;font-style:Normal;text-transform:none;">(1)</SUP></DIV><HR
style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-5pt;margin-top:5pt;padding-top:4.50pt;vertical-align:auto;"
noshade="noshade">
</TD><TD
style="line-height:0pt;padding-bottom:3.5pt;padding-right:4pt;padding-top:1pt;text-align:left;vertical-align:top;width:2.00%;">&#160;
</TD><TD
style="border-bottom:0.30pt solid #000000;color:#000000;color:#000000;font-family:Times New Roman;font-family:Times New Roman;font-size:9pt;font-size:9pt;font-style:Normal;font-style:Normal;font-weight:Normal;
font-weight:Normal;line-height:12pt;line-height:12pt;padding-bottom:3.5pt;padding-left:17.5pt;padding-top:1pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;
vertical-align:bottom;white-space:nowrap;width:26.26%;">4,044,466
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="line-height:9pt;padding-bottom:3.5pt;padding-right:4pt;padding-top:1.95pt;text-align:right;vertical-align:top;width:16.26%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:3.5pt;padding-right:4pt;padding-top:1.95pt;text-align:right;vertical-align:top;width:2.00%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:3.5pt;padding-right:4pt;padding-top:1.95pt;text-align:left;vertical-align:bottom;width:55.31%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:3.5pt;padding-right:4pt;padding-top:1.95pt;text-align:left;vertical-align:top;width:2.00%;">&#160;
</TD><TD
style="border-bottom:0.30pt solid #000000;color:#000000;font-family:Times New Roman;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-bottom:3.5pt;padding-left:13pt;padding-top:1.95pt;
text-align:right;text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:26.26%;">15,121,072
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="line-height:9pt;padding-bottom:1pt;padding-right:4pt;padding-top:1.95pt;text-align:right;vertical-align:top;width:16.26%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:1pt;padding-right:4pt;padding-top:1.95pt;text-align:right;vertical-align:top;width:2.00%;">&#160;
</TD><TD
style="color:#000000;font-family:Times New Roman;font-size:9pt;font-style:Normal;font-weight:bold;line-height:12pt;padding-bottom:1pt;padding-left:4pt;padding-top:1.95pt;text-align:left;text-decoration:none;
text-transform:none;vertical-align:bottom;width:83.56%;" colspan="3">&#9632;<FONT
style="padding-left:6.85pt;"></FONT>&#8199;<FONT
style="text-transform:uppercase;">Cable &amp; Satellite&#8212;2.6%</FONT>
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Times New Roman;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-bottom:3.5pt;padding-left:0pt;padding-right:4pt;padding-top:1pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:top;white-space:nowrap;width:16.26%;">270,000
</TD><TD
style="line-height:0pt;padding-bottom:3.5pt;padding-right:4pt;padding-top:1pt;text-align:right;vertical-align:top;width:2.00%;">&#160;
</TD><TD
style="color:#000000;font-family:Times New Roman;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-bottom:3.5pt;padding-left:4pt;padding-right:4pt;padding-top:1pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:bottom;width:55.31%;"><DIV
style="float:left;">Comcast Corp. Class A </DIV><HR
style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-5pt;margin-top:5pt;padding-top:3pt;vertical-align:auto;"
noshade="noshade">
</TD><TD
style="line-height:0pt;padding-bottom:3.5pt;padding-right:4pt;padding-top:1pt;text-align:left;vertical-align:top;width:2.00%;">&#160;
</TD><TD
style="border-bottom:0.30pt solid #000000;color:#000000;color:#000000;font-family:Times New Roman;font-family:Times New Roman;font-size:9pt;font-size:9pt;font-style:Normal;font-style:Normal;font-weight:Normal;
font-weight:Normal;line-height:12pt;line-height:12pt;padding-bottom:3.5pt;padding-left:13pt;padding-top:1pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;
vertical-align:bottom;white-space:nowrap;width:26.26%;">13,497,300
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="line-height:9pt;padding-bottom:1pt;padding-right:4pt;padding-top:1.95pt;text-align:right;vertical-align:top;width:16.26%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:1pt;padding-right:4pt;padding-top:1.95pt;text-align:right;vertical-align:top;width:2.00%;">&#160;
</TD><TD
style="color:#000000;font-family:Times New Roman;font-size:9pt;font-style:Normal;font-weight:bold;line-height:12pt;padding-bottom:1pt;padding-left:15pt;padding-top:1.95pt;text-align:left;text-decoration:none;
text-indent:-11pt;text-transform:none;vertical-align:bottom;width:83.56%;" colspan="3">&#9632;<FONT
style="padding-left:6.85pt;"></FONT>&#8199;<FONT
style="text-transform:uppercase;">Coal &amp; Consumable Fuels&#8212;1.3%</FONT>
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Times New Roman;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-bottom:3.5pt;padding-left:0pt;padding-right:4pt;padding-top:1pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:top;white-space:nowrap;width:16.26%;">98,889
</TD><TD
style="line-height:0pt;padding-bottom:3.5pt;padding-right:4pt;padding-top:1pt;text-align:right;vertical-align:top;width:2.00%;">&#160;
</TD><TD
style="color:#000000;font-family:Times New Roman;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-bottom:3.5pt;padding-left:4pt;padding-right:4pt;padding-top:1pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:bottom;width:55.31%;"><DIV
style="float:left;">Enviva, Inc. </DIV><HR
style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-5pt;margin-top:5pt;padding-top:3pt;vertical-align:auto;"
noshade="noshade">
</TD><TD
style="line-height:0pt;padding-bottom:3.5pt;padding-right:4pt;padding-top:1pt;text-align:left;vertical-align:top;width:2.00%;">&#160;
</TD><TD
style="border-bottom:0.30pt solid #000000;color:#000000;color:#000000;font-family:Times New Roman;font-family:Times New Roman;font-size:9pt;font-size:9pt;font-style:Normal;font-style:Normal;font-weight:Normal;
font-weight:Normal;line-height:12pt;line-height:12pt;padding-bottom:3.5pt;padding-left:17.5pt;padding-top:1pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;
vertical-align:bottom;white-space:nowrap;width:26.26%;">6,920,252
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="line-height:9pt;padding-bottom:1pt;padding-right:4pt;padding-top:1.95pt;text-align:right;vertical-align:top;width:16.26%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:1pt;padding-right:4pt;padding-top:1.95pt;text-align:right;vertical-align:top;width:2.00%;">&#160;
</TD><TD
style="color:#000000;font-family:Times New Roman;font-size:9pt;font-style:Normal;font-weight:bold;line-height:12pt;padding-bottom:1pt;padding-left:15pt;padding-top:1.95pt;text-align:left;text-decoration:none;
text-indent:-11pt;text-transform:none;vertical-align:bottom;width:83.56%;" colspan="3">&#9632;<FONT
style="padding-left:6.85pt;"></FONT>&#8199;<FONT
style="text-transform:uppercase;">Construction &amp; Engineering&#8212;5.1%</FONT>
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Times New Roman;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-bottom:1pt;padding-left:0pt;padding-right:4pt;padding-top:1pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:top;white-space:nowrap;width:16.26%;">497,931
</TD><TD
style="line-height:0pt;padding-bottom:1pt;padding-right:4pt;padding-top:1pt;text-align:right;vertical-align:top;width:2.00%;">&#160;
</TD><TD
style="color:#000000;font-family:Times New Roman;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-bottom:1pt;padding-left:4pt;padding-right:4pt;padding-top:1pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:bottom;width:55.31%;"><DIV
style="float:left;">Ferrovial S.A. (Spain)</DIV><HR
style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-5pt;margin-top:5pt;padding-top:3pt;vertical-align:auto;"
noshade="noshade">
</TD><TD
style="line-height:0pt;padding-bottom:1pt;padding-right:4pt;padding-top:1pt;text-align:left;vertical-align:top;width:2.00%;">&#160;
</TD><TD
style="color:#000000;color:#000000;font-family:Times New Roman;font-family:Times New Roman;font-size:9pt;font-size:9pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:12pt;
line-height:12pt;padding-bottom:1pt;padding-left:13pt;padding-top:1pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:bottom;white-space:nowrap;
width:26.26%;">13,744,472
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Times New Roman;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-bottom:3.5pt;padding-left:0pt;padding-right:4pt;padding-top:1pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:top;white-space:nowrap;width:16.26%;">122,000
</TD><TD
style="line-height:0pt;padding-bottom:3.5pt;padding-right:4pt;padding-top:1pt;text-align:right;vertical-align:top;width:2.00%;">&#160;
</TD><TD
style="color:#000000;font-family:Times New Roman;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-bottom:3.5pt;padding-left:4pt;padding-right:4pt;padding-top:1pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:bottom;width:55.31%;"><DIV
style="float:left;">Vinci S.A. (France)</DIV><HR
style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-5pt;margin-top:5pt;padding-top:3pt;vertical-align:auto;"
noshade="noshade">
</TD><TD
style="line-height:0pt;padding-bottom:3.5pt;padding-right:4pt;padding-top:1pt;text-align:left;vertical-align:top;width:2.00%;">&#160;
</TD><TD
style="border-bottom:0.30pt solid #000000;color:#000000;color:#000000;font-family:Times New Roman;font-family:Times New Roman;font-size:9pt;font-size:9pt;font-style:Normal;font-style:Normal;font-weight:Normal;
font-weight:Normal;line-height:12pt;line-height:12pt;padding-bottom:3.5pt;padding-left:13pt;padding-top:1pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;
vertical-align:bottom;white-space:nowrap;width:26.26%;">13,248,307
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="line-height:9pt;padding-bottom:3.5pt;padding-right:4pt;padding-top:1.95pt;text-align:right;vertical-align:top;width:16.26%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:3.5pt;padding-right:4pt;padding-top:1.95pt;text-align:right;vertical-align:top;width:2.00%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:3.5pt;padding-right:4pt;padding-top:1.95pt;text-align:left;vertical-align:bottom;width:55.31%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:3.5pt;padding-right:4pt;padding-top:1.95pt;text-align:left;vertical-align:top;width:2.00%;">&#160;
</TD><TD
style="border-bottom:0.30pt solid #000000;color:#000000;font-family:Times New Roman;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-bottom:3.5pt;padding-left:13pt;padding-top:1.95pt;
text-align:right;text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:26.26%;">26,992,779
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="line-height:9pt;padding-bottom:1pt;padding-right:4pt;padding-top:1.95pt;text-align:right;vertical-align:top;width:16.26%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:1pt;padding-right:4pt;padding-top:1.95pt;text-align:right;vertical-align:top;width:2.00%;">&#160;
</TD><TD
style="color:#000000;font-family:Times New Roman;font-size:9pt;font-style:Normal;font-weight:bold;line-height:12pt;padding-bottom:1pt;padding-left:4pt;padding-top:1.95pt;text-align:left;text-decoration:none;
text-transform:none;vertical-align:bottom;width:83.56%;" colspan="3">&#9632;<FONT
style="padding-left:6.85pt;"></FONT>&#8199;<FONT
style="text-transform:uppercase;">Electric, Gas and Water&#8212;74.2%</FONT>
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Times New Roman;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-bottom:1pt;padding-left:0pt;padding-right:4pt;padding-top:1pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:top;white-space:nowrap;width:16.26%;">350,990
</TD><TD
style="line-height:0pt;padding-bottom:1pt;padding-right:4pt;padding-top:1pt;text-align:right;vertical-align:top;width:2.00%;">&#160;
</TD><TD
style="color:#000000;font-family:Times New Roman;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-bottom:1pt;padding-left:4pt;padding-right:4pt;padding-top:1pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:bottom;width:55.31%;"><DIV
style="float:left;">Alliant Energy Corp. <SUP
style="font-size:85%;font-style:Normal;text-transform:none;">(2)</SUP></DIV><HR
style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-5pt;margin-top:5pt;padding-top:4.50pt;vertical-align:auto;"
noshade="noshade">
</TD><TD
style="line-height:0pt;padding-bottom:1pt;padding-right:4pt;padding-top:1pt;text-align:left;vertical-align:top;width:2.00%;">&#160;
</TD><TD
style="color:#000000;color:#000000;font-family:Times New Roman;font-family:Times New Roman;font-size:9pt;font-size:9pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:12pt;
line-height:12pt;padding-bottom:1pt;padding-left:13pt;padding-top:1pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:bottom;white-space:nowrap;
width:26.26%;">21,010,261
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Times New Roman;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-bottom:1pt;padding-left:0pt;padding-right:4pt;padding-top:1pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:top;white-space:nowrap;width:16.26%;">235,660
</TD><TD
style="line-height:0pt;padding-bottom:1pt;padding-right:4pt;padding-top:1pt;text-align:right;vertical-align:top;width:2.00%;">&#160;
</TD><TD
style="color:#000000;font-family:Times New Roman;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-bottom:1pt;padding-left:4pt;padding-right:4pt;padding-top:1pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:bottom;width:55.31%;"><DIV
style="float:left;">Ameren Corp. </DIV><HR
style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-5pt;margin-top:5pt;padding-top:3pt;vertical-align:auto;"
noshade="noshade">
</TD><TD
style="line-height:0pt;padding-bottom:1pt;padding-right:4pt;padding-top:1pt;text-align:left;vertical-align:top;width:2.00%;">&#160;
</TD><TD
style="color:#000000;color:#000000;font-family:Times New Roman;font-family:Times New Roman;font-size:9pt;font-size:9pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:12pt;
line-height:12pt;padding-bottom:1pt;padding-left:13pt;padding-top:1pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:bottom;white-space:nowrap;
width:26.26%;">20,912,468
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Times New Roman;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-bottom:1pt;padding-left:0pt;padding-right:4pt;padding-top:1pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:top;white-space:nowrap;width:16.26%;">124,500
</TD><TD
style="line-height:0pt;padding-bottom:1pt;padding-right:4pt;padding-top:1pt;text-align:right;vertical-align:top;width:2.00%;">&#160;
</TD><TD
style="color:#000000;font-family:Times New Roman;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-bottom:1pt;padding-left:4pt;padding-right:4pt;padding-top:1pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:bottom;width:55.31%;"><DIV
style="float:left;">American Electric Power Co., Inc. </DIV><HR
style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-5pt;margin-top:5pt;padding-top:3pt;vertical-align:auto;"
noshade="noshade">
</TD><TD
style="line-height:0pt;padding-bottom:1pt;padding-right:4pt;padding-top:1pt;text-align:left;vertical-align:top;width:2.00%;">&#160;
</TD><TD
style="color:#000000;color:#000000;font-family:Times New Roman;font-family:Times New Roman;font-size:9pt;font-size:9pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:12pt;
line-height:12pt;padding-bottom:1pt;padding-left:13pt;padding-top:1pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:bottom;white-space:nowrap;
width:26.26%;">11,254,800
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Times New Roman;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-bottom:1pt;padding-left:0pt;padding-right:4pt;padding-top:1pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:top;white-space:nowrap;width:16.26%;">136,000
</TD><TD
style="line-height:0pt;padding-bottom:1pt;padding-right:4pt;padding-top:1pt;text-align:right;vertical-align:top;width:2.00%;">&#160;
</TD><TD
style="color:#000000;font-family:Times New Roman;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-bottom:1pt;padding-left:4pt;padding-right:4pt;padding-top:1pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:bottom;width:55.31%;"><DIV
style="float:left;">Atmos Energy Corp. </DIV><HR
style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-5pt;margin-top:5pt;padding-top:3pt;vertical-align:auto;"
noshade="noshade">
</TD><TD
style="line-height:0pt;padding-bottom:1pt;padding-right:4pt;padding-top:1pt;text-align:left;vertical-align:top;width:2.00%;">&#160;
</TD><TD
style="color:#000000;color:#000000;font-family:Times New Roman;font-family:Times New Roman;font-size:9pt;font-size:9pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:12pt;
line-height:12pt;padding-bottom:1pt;padding-left:13pt;padding-top:1pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:bottom;white-space:nowrap;
width:26.26%;">14,581,920
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Times New Roman;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-bottom:1pt;padding-left:0pt;padding-right:4pt;padding-top:1pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:top;white-space:nowrap;width:16.26%;">177,000
</TD><TD
style="line-height:0pt;padding-bottom:1pt;padding-right:4pt;padding-top:1pt;text-align:right;vertical-align:top;width:2.00%;">&#160;
</TD><TD
style="color:#000000;font-family:Times New Roman;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-bottom:1pt;padding-left:4pt;padding-right:4pt;padding-top:1pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:bottom;width:55.31%;"><DIV
style="float:left;">Black Hills Corp. </DIV><HR
style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-5pt;margin-top:5pt;padding-top:3pt;vertical-align:auto;"
noshade="noshade">
</TD><TD
style="line-height:0pt;padding-bottom:1pt;padding-right:4pt;padding-top:1pt;text-align:left;vertical-align:top;width:2.00%;">&#160;
</TD><TD
style="color:#000000;color:#000000;font-family:Times New Roman;font-family:Times New Roman;font-size:9pt;font-size:9pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:12pt;
line-height:12pt;padding-bottom:1pt;padding-left:13pt;padding-top:1pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:bottom;white-space:nowrap;
width:26.26%;">11,989,980
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Times New Roman;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-bottom:1pt;padding-left:0pt;padding-right:4pt;padding-top:1pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:top;white-space:nowrap;width:16.26%;">843,000
</TD><TD
style="line-height:0pt;padding-bottom:1pt;padding-right:4pt;padding-top:1pt;text-align:right;vertical-align:top;width:2.00%;">&#160;
</TD><TD
style="color:#000000;font-family:Times New Roman;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-bottom:1pt;padding-left:4pt;padding-right:4pt;padding-top:1pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:bottom;width:55.31%;"><DIV
style="float:left;">CenterPoint Energy, Inc. </DIV><HR
style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-5pt;margin-top:5pt;padding-top:3pt;vertical-align:auto;"
noshade="noshade">
</TD><TD
style="line-height:0pt;padding-bottom:1pt;padding-right:4pt;padding-top:1pt;text-align:left;vertical-align:top;width:2.00%;">&#160;
</TD><TD
style="color:#000000;color:#000000;font-family:Times New Roman;font-family:Times New Roman;font-size:9pt;font-size:9pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:12pt;
line-height:12pt;padding-bottom:1pt;padding-left:13pt;padding-top:1pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:bottom;white-space:nowrap;
width:26.26%;">23,907,480
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Times New Roman;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-bottom:1pt;padding-left:0pt;padding-right:4pt;padding-top:1pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:top;white-space:nowrap;width:16.26%;">242,800
</TD><TD
style="line-height:0pt;padding-bottom:1pt;padding-right:4pt;padding-top:1pt;text-align:right;vertical-align:top;width:2.00%;">&#160;
</TD><TD
style="color:#000000;font-family:Times New Roman;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-bottom:1pt;padding-left:4pt;padding-right:4pt;padding-top:1pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:bottom;width:55.31%;"><DIV
style="float:left;">Dominion Energy, Inc. </DIV><HR
style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-5pt;margin-top:5pt;padding-top:3pt;vertical-align:auto;"
noshade="noshade">
</TD><TD
style="line-height:0pt;padding-bottom:1pt;padding-right:4pt;padding-top:1pt;text-align:left;vertical-align:top;width:2.00%;">&#160;
</TD><TD
style="color:#000000;color:#000000;font-family:Times New Roman;font-family:Times New Roman;font-size:9pt;font-size:9pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:12pt;
line-height:12pt;padding-bottom:1pt;padding-left:13pt;padding-top:1pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:bottom;white-space:nowrap;
width:26.26%;">19,584,248
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Times New Roman;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-bottom:1pt;padding-left:0pt;padding-right:4pt;padding-top:1pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:top;white-space:nowrap;width:16.26%;">3,925,000
</TD><TD
style="line-height:0pt;padding-bottom:1pt;padding-right:4pt;padding-top:1pt;text-align:right;vertical-align:top;width:2.00%;">&#160;
</TD><TD
style="color:#000000;font-family:Times New Roman;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-bottom:1pt;padding-left:4pt;padding-right:4pt;padding-top:1pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:bottom;width:55.31%;"><DIV
style="float:left;">EDP - Energias de Portugal S.A. (Portugal)</DIV><HR
style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-5pt;margin-top:5pt;padding-top:3pt;vertical-align:auto;"
noshade="noshade">
</TD><TD
style="line-height:0pt;padding-bottom:1pt;padding-right:4pt;padding-top:1pt;text-align:left;vertical-align:top;width:2.00%;">&#160;
</TD><TD
style="color:#000000;color:#000000;font-family:Times New Roman;font-family:Times New Roman;font-size:9pt;font-size:9pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:12pt;
line-height:12pt;padding-bottom:1pt;padding-left:13pt;padding-top:1pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:bottom;white-space:nowrap;
width:26.26%;">20,014,908
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Times New Roman;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-bottom:1pt;padding-left:0pt;padding-right:4pt;padding-top:1pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:top;white-space:nowrap;width:16.26%;">288,200
</TD><TD
style="line-height:0pt;padding-bottom:1pt;padding-right:4pt;padding-top:1pt;text-align:right;vertical-align:top;width:2.00%;">&#160;
</TD><TD
style="color:#000000;font-family:Times New Roman;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-bottom:1pt;padding-left:4pt;padding-right:4pt;padding-top:1pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:bottom;width:55.31%;"><DIV
style="float:left;">Emera, Inc. (Canada)</DIV><HR
style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-5pt;margin-top:5pt;padding-top:3pt;vertical-align:auto;"
noshade="noshade">
</TD><TD
style="line-height:0pt;padding-bottom:1pt;padding-right:4pt;padding-top:1pt;text-align:left;vertical-align:top;width:2.00%;">&#160;
</TD><TD
style="color:#000000;color:#000000;font-family:Times New Roman;font-family:Times New Roman;font-size:9pt;font-size:9pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:12pt;
line-height:12pt;padding-bottom:1pt;padding-left:13pt;padding-top:1pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:bottom;white-space:nowrap;
width:26.26%;">13,655,577
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Times New Roman;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-bottom:1pt;padding-left:0pt;padding-right:4pt;padding-top:1pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:top;white-space:nowrap;width:16.26%;">2,253,274
</TD><TD
style="line-height:0pt;padding-bottom:1pt;padding-right:4pt;padding-top:1pt;text-align:right;vertical-align:top;width:2.00%;">&#160;
</TD><TD
style="color:#000000;font-family:Times New Roman;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-bottom:1pt;padding-left:4pt;padding-right:4pt;padding-top:1pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:bottom;width:55.31%;"><DIV
style="float:left;">Enel SpA (Italy)</DIV><HR
style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-5pt;margin-top:5pt;padding-top:3pt;vertical-align:auto;"
noshade="noshade">
</TD><TD
style="line-height:0pt;padding-bottom:1pt;padding-right:4pt;padding-top:1pt;text-align:left;vertical-align:top;width:2.00%;">&#160;
</TD><TD
style="color:#000000;color:#000000;font-family:Times New Roman;font-family:Times New Roman;font-size:9pt;font-size:9pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:12pt;
line-height:12pt;padding-bottom:1pt;padding-left:13pt;padding-top:1pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:bottom;white-space:nowrap;
width:26.26%;">17,165,699
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Times New Roman;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-bottom:1pt;padding-left:0pt;padding-right:4pt;padding-top:1pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:top;white-space:nowrap;width:16.26%;">141,000
</TD><TD
style="line-height:0pt;padding-bottom:1pt;padding-right:4pt;padding-top:1pt;text-align:right;vertical-align:top;width:2.00%;">&#160;
</TD><TD
style="color:#000000;font-family:Times New Roman;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-bottom:1pt;padding-left:4pt;padding-right:4pt;padding-top:1pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:bottom;width:55.31%;"><DIV
style="float:left;">Entergy Corp. </DIV><HR
style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-5pt;margin-top:5pt;padding-top:3pt;vertical-align:auto;"
noshade="noshade">
</TD><TD
style="line-height:0pt;padding-bottom:1pt;padding-right:4pt;padding-top:1pt;text-align:left;vertical-align:top;width:2.00%;">&#160;
</TD><TD
style="color:#000000;color:#000000;font-family:Times New Roman;font-family:Times New Roman;font-size:9pt;font-size:9pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:12pt;
line-height:12pt;padding-bottom:1pt;padding-left:13pt;padding-top:1pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:bottom;white-space:nowrap;
width:26.26%;">15,759,570
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Times New Roman;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-bottom:1pt;padding-left:0pt;padding-right:4pt;padding-top:1pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:top;white-space:nowrap;width:16.26%;">230,900
</TD><TD
style="line-height:0pt;padding-bottom:1pt;padding-right:4pt;padding-top:1pt;text-align:right;vertical-align:top;width:2.00%;">&#160;
</TD><TD
style="color:#000000;font-family:Times New Roman;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-bottom:1pt;padding-left:4pt;padding-right:4pt;padding-top:1pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:bottom;width:55.31%;"><DIV
style="float:left;">Evergy, Inc. <SUP
style="font-size:85%;font-style:Normal;text-transform:none;">(2)</SUP></DIV><HR
style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-5pt;margin-top:5pt;padding-top:4.50pt;vertical-align:auto;"
noshade="noshade">
</TD><TD
style="line-height:0pt;padding-bottom:1pt;padding-right:4pt;padding-top:1pt;text-align:left;vertical-align:top;width:2.00%;">&#160;
</TD><TD
style="color:#000000;color:#000000;font-family:Times New Roman;font-family:Times New Roman;font-size:9pt;font-size:9pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:12pt;
line-height:12pt;padding-bottom:1pt;padding-left:13pt;padding-top:1pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:bottom;white-space:nowrap;
width:26.26%;">14,999,264
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Times New Roman;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-bottom:1pt;padding-left:0pt;padding-right:4pt;padding-top:1pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:top;white-space:nowrap;width:16.26%;">221,000
</TD><TD
style="line-height:0pt;padding-bottom:1pt;padding-right:4pt;padding-top:1pt;text-align:right;vertical-align:top;width:2.00%;">&#160;
</TD><TD
style="color:#000000;font-family:Times New Roman;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-bottom:1pt;padding-left:4pt;padding-right:4pt;padding-top:1pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:bottom;width:55.31%;"><DIV
style="float:left;">Eversource Energy </DIV><HR
style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-5pt;margin-top:5pt;padding-top:3pt;vertical-align:auto;"
noshade="noshade">
</TD><TD
style="line-height:0pt;padding-bottom:1pt;padding-right:4pt;padding-top:1pt;text-align:left;vertical-align:top;width:2.00%;">&#160;
</TD><TD
style="color:#000000;color:#000000;font-family:Times New Roman;font-family:Times New Roman;font-size:9pt;font-size:9pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:12pt;
line-height:12pt;padding-bottom:1pt;padding-left:13pt;padding-top:1pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:bottom;white-space:nowrap;
width:26.26%;">19,777,290
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Times New Roman;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-bottom:1pt;padding-left:0pt;padding-right:4pt;padding-top:1pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:top;white-space:nowrap;width:16.26%;">1,860,445
</TD><TD
style="line-height:0pt;padding-bottom:1pt;padding-right:4pt;padding-top:1pt;text-align:right;vertical-align:top;width:2.00%;">&#160;
</TD><TD
style="color:#000000;font-family:Times New Roman;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-bottom:1pt;padding-left:4pt;padding-right:4pt;padding-top:1pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:bottom;width:55.31%;"><DIV
style="float:left;">Iberdrola S.A. (Spain)</DIV><HR
style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-5pt;margin-top:5pt;padding-top:3pt;vertical-align:auto;"
noshade="noshade">
</TD><TD
style="line-height:0pt;padding-bottom:1pt;padding-right:4pt;padding-top:1pt;text-align:left;vertical-align:top;width:2.00%;">&#160;
</TD><TD
style="color:#000000;color:#000000;font-family:Times New Roman;font-family:Times New Roman;font-size:9pt;font-size:9pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:12pt;
line-height:12pt;padding-bottom:1pt;padding-left:13pt;padding-top:1pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:bottom;white-space:nowrap;
width:26.26%;">21,235,588
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Times New Roman;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-bottom:1pt;padding-left:0pt;padding-right:4pt;padding-top:1pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:top;white-space:nowrap;width:16.26%;">1,270,000
</TD><TD
style="line-height:0pt;padding-bottom:1pt;padding-right:4pt;padding-top:1pt;text-align:right;vertical-align:top;width:2.00%;">&#160;
</TD><TD
style="color:#000000;font-family:Times New Roman;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-bottom:1pt;padding-left:4pt;padding-right:4pt;padding-top:1pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:bottom;width:55.31%;"><DIV
style="float:left;">National Grid plc (United Kingdom)</DIV><HR
style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-5pt;margin-top:5pt;padding-top:3pt;vertical-align:auto;"
noshade="noshade">
</TD><TD
style="line-height:0pt;padding-bottom:1pt;padding-right:4pt;padding-top:1pt;text-align:left;vertical-align:top;width:2.00%;">&#160;
</TD><TD
style="color:#000000;color:#000000;font-family:Times New Roman;font-family:Times New Roman;font-size:9pt;font-size:9pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:12pt;
line-height:12pt;padding-bottom:1pt;padding-left:13pt;padding-top:1pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:bottom;white-space:nowrap;
width:26.26%;">18,439,816
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Times New Roman;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-bottom:1pt;padding-left:0pt;padding-right:4pt;padding-top:1pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:top;white-space:nowrap;width:16.26%;">526,000
</TD><TD
style="line-height:0pt;padding-bottom:1pt;padding-right:4pt;padding-top:1pt;text-align:right;vertical-align:top;width:2.00%;">&#160;
</TD><TD
style="color:#000000;font-family:Times New Roman;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-bottom:1pt;padding-left:4pt;padding-right:4pt;padding-top:1pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:bottom;width:55.31%;"><DIV
style="float:left;">NextEra Energy, Inc. </DIV><HR
style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-5pt;margin-top:5pt;padding-top:3pt;vertical-align:auto;"
noshade="noshade">
</TD><TD
style="line-height:0pt;padding-bottom:1pt;padding-right:4pt;padding-top:1pt;text-align:left;vertical-align:top;width:2.00%;">&#160;
</TD><TD
style="color:#000000;color:#000000;font-family:Times New Roman;font-family:Times New Roman;font-size:9pt;font-size:9pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:12pt;
line-height:12pt;padding-bottom:1pt;padding-left:13pt;padding-top:1pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:bottom;white-space:nowrap;
width:26.26%;">41,091,120
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Times New Roman;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-bottom:1pt;padding-left:0pt;padding-right:4pt;padding-top:1pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:top;white-space:nowrap;width:16.26%;">333,117
</TD><TD
style="line-height:0pt;padding-bottom:1pt;padding-right:4pt;padding-top:1pt;text-align:right;vertical-align:top;width:2.00%;">&#160;
</TD><TD
style="color:#000000;font-family:Times New Roman;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-bottom:1pt;padding-left:4pt;padding-right:4pt;padding-top:1pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:bottom;width:55.31%;"><DIV
style="float:left;">OGE Energy Corp. </DIV><HR
style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-5pt;margin-top:5pt;padding-top:3pt;vertical-align:auto;"
noshade="noshade">
</TD><TD
style="line-height:0pt;padding-bottom:1pt;padding-right:4pt;padding-top:1pt;text-align:left;vertical-align:top;width:2.00%;">&#160;
</TD><TD
style="color:#000000;color:#000000;font-family:Times New Roman;font-family:Times New Roman;font-size:9pt;font-size:9pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:12pt;
line-height:12pt;padding-bottom:1pt;padding-left:13pt;padding-top:1pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:bottom;white-space:nowrap;
width:26.26%;">12,631,797
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Times New Roman;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-bottom:1pt;padding-left:0pt;padding-right:4pt;padding-top:1pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:top;white-space:nowrap;width:16.26%;">150,000
</TD><TD
style="line-height:0pt;padding-bottom:1pt;padding-right:4pt;padding-top:1pt;text-align:right;vertical-align:top;width:2.00%;">&#160;
</TD><TD
style="color:#000000;font-family:Times New Roman;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-bottom:1pt;padding-left:4pt;padding-right:4pt;padding-top:1pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:bottom;width:55.31%;"><DIV
style="float:left;">Orsted AS (Denmark)</DIV><HR
style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-5pt;margin-top:5pt;padding-top:3pt;vertical-align:auto;"
noshade="noshade">
</TD><TD
style="line-height:0pt;padding-bottom:1pt;padding-right:4pt;padding-top:1pt;text-align:left;vertical-align:top;width:2.00%;">&#160;
</TD><TD
style="color:#000000;color:#000000;font-family:Times New Roman;font-family:Times New Roman;font-size:9pt;font-size:9pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:12pt;
line-height:12pt;padding-bottom:1pt;padding-left:13pt;padding-top:1pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:bottom;white-space:nowrap;
width:26.26%;">15,831,194
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Times New Roman;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:0pt;padding-right:4pt;padding-top:1pt;text-align:right;text-decoration:none;
text-transform:none;vertical-align:top;white-space:nowrap;width:16.26%;">362,000
</TD><TD
style="line-height:0pt;padding-right:4pt;padding-top:1pt;text-align:right;vertical-align:top;width:2.00%;">&#160;
</TD><TD
style="color:#000000;font-family:Times New Roman;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:4pt;padding-right:4pt;padding-top:1pt;text-align:left;text-decoration:none;
text-transform:none;vertical-align:bottom;width:55.31%;"><DIV
style="float:left;">Public Service Enterprise Group, Inc. </DIV><HR
style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-5pt;margin-top:5pt;padding-top:3pt;vertical-align:auto;"
noshade="noshade">
</TD><TD
style="line-height:0pt;padding-right:4pt;padding-top:1pt;text-align:left;vertical-align:top;width:2.00%;">&#160;
</TD><TD
style="color:#000000;color:#000000;font-family:Times New Roman;font-family:Times New Roman;font-size:9pt;font-size:9pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:12pt;
line-height:12pt;padding-left:13pt;padding-top:1pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:26.26%;">24,083,860
</TD></TR></TABLE>
</DIV>
</DIV>
<DIV
style="float:right;overflow:hidden;position:relative;width:49%;" type="Block">
<DIV
style="text-align:center;">
<TABLE
style="border-collapse:collapse;empty-cells:show;margin-left:auto;margin-right:auto;margin-top:0pt;width:100%;" cellpadding="0" cellspacing="0">
<TR
style="page-break-inside:avoid;"><TD
style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Times New Roman;font-size:8pt;font-style:Normal;font-weight:bold;line-height:11pt;padding-bottom:3.5pt;padding-left:0pt;padding-right:4pt;
text-align:center;text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:16.26%;">Shares
</TD><TD
style="line-height:0pt;padding-bottom:3.5pt;padding-right:4pt;text-align:center;vertical-align:top;width:2.00%;">&#160;
</TD><TD
style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Times New Roman;font-size:8pt;font-style:Normal;font-weight:bold;line-height:11pt;padding-bottom:3.5pt;padding-left:4pt;padding-right:4pt;
text-align:center;text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:55.31%;">Description
</TD><TD
style="line-height:0pt;padding-bottom:3.5pt;padding-right:4pt;text-align:center;vertical-align:top;width:2.00%;">&#160;
</TD><TD
style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Times New Roman;font-size:8pt;font-style:Normal;font-weight:bold;line-height:11pt;padding-bottom:3.5pt;padding-left:4pt;text-align:center;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:26.26%;">Value
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Times New Roman;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-bottom:1pt;padding-left:0pt;padding-right:4pt;padding-top:2pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:top;white-space:nowrap;width:16.26%;">330,000
</TD><TD
style="line-height:0pt;padding-bottom:1pt;padding-right:4pt;padding-top:2pt;text-align:right;vertical-align:top;width:2.00%;">&#160;
</TD><TD
style="color:#000000;font-family:Times New Roman;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-bottom:1pt;padding-left:4pt;padding-right:4pt;padding-top:2pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:bottom;width:55.31%;"><DIV
style="float:left;">RWE AG (Germany)</DIV><HR
style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-5pt;margin-top:5pt;padding-top:3pt;vertical-align:auto;"
noshade="noshade">
</TD><TD
style="line-height:0pt;padding-bottom:1pt;padding-right:4pt;padding-top:2pt;text-align:left;vertical-align:top;width:2.00%;">&#160;
</TD><TD
style="color:#000000;font-family:Times New Roman;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-bottom:1pt;padding-left:4pt;padding-top:2pt;text-align:right;text-decoration:none;
text-transform:none;vertical-align:bottom;width:26.26%;">$<FONT
style="padding-left:4.5pt;"></FONT>13,832,254
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Times New Roman;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-bottom:3.5pt;padding-left:0pt;padding-right:4pt;padding-top:1pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:top;white-space:nowrap;width:16.26%;">251,180
</TD><TD
style="line-height:0pt;padding-bottom:3.5pt;padding-right:4pt;padding-top:1pt;text-align:right;vertical-align:top;width:2.00%;">&#160;
</TD><TD
style="color:#000000;font-family:Times New Roman;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-bottom:3.5pt;padding-left:4pt;padding-right:4pt;padding-top:1pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:bottom;width:55.31%;"><DIV
style="float:left;">Xcel Energy, Inc. </DIV><HR
style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-5pt;margin-top:5pt;padding-top:3pt;vertical-align:auto;"
noshade="noshade">
</TD><TD
style="line-height:0pt;padding-bottom:3.5pt;padding-right:4pt;padding-top:1pt;text-align:left;vertical-align:top;width:2.00%;">&#160;
</TD><TD
style="border-bottom:0.30pt solid #000000;color:#000000;color:#000000;font-family:Times New Roman;font-family:Times New Roman;font-size:9pt;font-size:9pt;font-style:Normal;font-style:Normal;font-weight:Normal;
font-weight:Normal;line-height:12pt;line-height:12pt;padding-bottom:3.5pt;padding-left:13pt;padding-top:1pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;
vertical-align:bottom;white-space:nowrap;width:26.26%;">17,497,199
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="line-height:9pt;padding-bottom:3.5pt;padding-right:4pt;padding-top:1.95pt;text-align:right;vertical-align:top;width:16.26%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:3.5pt;padding-right:4pt;padding-top:1.95pt;text-align:right;vertical-align:top;width:2.00%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:3.5pt;padding-right:4pt;padding-top:1.95pt;text-align:left;vertical-align:bottom;width:55.31%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:3.5pt;padding-right:4pt;padding-top:1.95pt;text-align:left;vertical-align:top;width:2.00%;">&#160;
</TD><TD
style="border-bottom:0.30pt solid #000000;color:#000000;font-family:Times New Roman;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-bottom:3.5pt;padding-left:8.5pt;padding-top:1.95pt;
text-align:right;text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:26.26%;">389,256,293
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="line-height:9pt;padding-bottom:1pt;padding-right:4pt;padding-top:1.95pt;text-align:right;vertical-align:top;width:16.26%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:1pt;padding-right:4pt;padding-top:1.95pt;text-align:right;vertical-align:top;width:2.00%;">&#160;
</TD><TD
style="color:#000000;font-family:Times New Roman;font-size:9pt;font-style:Normal;font-weight:bold;line-height:12pt;padding-bottom:1pt;padding-left:4pt;padding-top:1.95pt;text-align:left;text-decoration:none;
text-transform:none;vertical-align:bottom;width:83.56%;" colspan="3">&#9632;<FONT
style="padding-left:6.85pt;"></FONT>&#8199;<FONT
style="text-transform:uppercase;">Multi-Utilities&#8212;5.1%</FONT>
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Times New Roman;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-bottom:1pt;padding-left:0pt;padding-right:4pt;padding-top:1pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:top;white-space:nowrap;width:16.26%;">165,000
</TD><TD
style="line-height:0pt;padding-bottom:1pt;padding-right:4pt;padding-top:1pt;text-align:right;vertical-align:top;width:2.00%;">&#160;
</TD><TD
style="color:#000000;font-family:Times New Roman;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-bottom:1pt;padding-left:4pt;padding-right:4pt;padding-top:1pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:bottom;width:55.31%;"><DIV
style="float:left;">CMS Energy Corp. </DIV><HR
style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-5pt;margin-top:5pt;padding-top:3pt;vertical-align:auto;"
noshade="noshade">
</TD><TD
style="line-height:0pt;padding-bottom:1pt;padding-right:4pt;padding-top:1pt;text-align:left;vertical-align:top;width:2.00%;">&#160;
</TD><TD
style="color:#000000;color:#000000;font-family:Times New Roman;font-family:Times New Roman;font-size:9pt;font-size:9pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:12pt;
line-height:12pt;padding-bottom:1pt;padding-left:13pt;padding-top:1pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:bottom;white-space:nowrap;
width:26.26%;">10,622,700
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Times New Roman;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-bottom:3.5pt;padding-left:0pt;padding-right:4pt;padding-top:1pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:top;white-space:nowrap;width:16.26%;">117,000
</TD><TD
style="line-height:0pt;padding-bottom:3.5pt;padding-right:4pt;padding-top:1pt;text-align:right;vertical-align:top;width:2.00%;">&#160;
</TD><TD
style="color:#000000;font-family:Times New Roman;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-bottom:3.5pt;padding-left:4pt;padding-right:4pt;padding-top:1pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:bottom;width:55.31%;"><DIV
style="float:left;">Sempra Energy </DIV><HR
style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-5pt;margin-top:5pt;padding-top:3pt;vertical-align:auto;"
noshade="noshade">
</TD><TD
style="line-height:0pt;padding-bottom:3.5pt;padding-right:4pt;padding-top:1pt;text-align:left;vertical-align:top;width:2.00%;">&#160;
</TD><TD
style="border-bottom:0.30pt solid #000000;color:#000000;color:#000000;font-family:Times New Roman;font-family:Times New Roman;font-size:9pt;font-size:9pt;font-style:Normal;font-style:Normal;font-weight:Normal;
font-weight:Normal;line-height:12pt;line-height:12pt;padding-bottom:3.5pt;padding-left:13pt;padding-top:1pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;
vertical-align:bottom;white-space:nowrap;width:26.26%;">16,164,720
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="line-height:9pt;padding-bottom:3.5pt;padding-right:4pt;padding-top:1.95pt;text-align:right;vertical-align:top;width:16.26%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:3.5pt;padding-right:4pt;padding-top:1.95pt;text-align:right;vertical-align:top;width:2.00%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:3.5pt;padding-right:4pt;padding-top:1.95pt;text-align:left;vertical-align:bottom;width:55.31%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:3.5pt;padding-right:4pt;padding-top:1.95pt;text-align:left;vertical-align:top;width:2.00%;">&#160;
</TD><TD
style="border-bottom:0.30pt solid #000000;color:#000000;font-family:Times New Roman;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-bottom:3.5pt;padding-left:13pt;padding-top:1.95pt;
text-align:right;text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:26.26%;">26,787,420
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="line-height:9pt;padding-bottom:1pt;padding-right:4pt;padding-top:1.95pt;text-align:right;vertical-align:top;width:16.26%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:1pt;padding-right:4pt;padding-top:1.95pt;text-align:right;vertical-align:top;width:2.00%;">&#160;
</TD><TD
style="color:#000000;font-family:Times New Roman;font-size:9pt;font-style:Normal;font-weight:bold;line-height:12pt;padding-bottom:1pt;padding-left:15pt;padding-top:1.95pt;text-align:left;text-decoration:none;
text-indent:-11pt;text-transform:none;vertical-align:bottom;width:83.56%;" colspan="3">&#9632;<FONT
style="padding-left:6.85pt;"></FONT>&#8199;<FONT
style="text-transform:uppercase;">Oil &amp; Gas Storage, Transportation and Production&#8212;29.9%</FONT>
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Times New Roman;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-bottom:1pt;padding-left:0pt;padding-right:4pt;padding-top:1pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:top;white-space:nowrap;width:16.26%;">167,000
</TD><TD
style="line-height:0pt;padding-bottom:1pt;padding-right:4pt;padding-top:1pt;text-align:right;vertical-align:top;width:2.00%;">&#160;
</TD><TD
style="color:#000000;font-family:Times New Roman;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-bottom:1pt;padding-left:4pt;padding-right:4pt;padding-top:1pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:bottom;width:55.31%;"><DIV
style="float:left;">Cheniere Energy, Inc. </DIV><HR
style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-5pt;margin-top:5pt;padding-top:3pt;vertical-align:auto;"
noshade="noshade">
</TD><TD
style="line-height:0pt;padding-bottom:1pt;padding-right:4pt;padding-top:1pt;text-align:left;vertical-align:top;width:2.00%;">&#160;
</TD><TD
style="color:#000000;color:#000000;font-family:Times New Roman;font-family:Times New Roman;font-size:9pt;font-size:9pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:12pt;
line-height:12pt;padding-bottom:1pt;padding-left:13pt;padding-top:1pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:bottom;white-space:nowrap;
width:26.26%;">18,687,300
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Times New Roman;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-bottom:1pt;padding-left:0pt;padding-right:4pt;padding-top:1pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:top;white-space:nowrap;width:16.26%;">2,324,585
</TD><TD
style="line-height:0pt;padding-bottom:1pt;padding-right:4pt;padding-top:1pt;text-align:right;vertical-align:top;width:2.00%;">&#160;
</TD><TD
style="color:#000000;font-family:Times New Roman;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-bottom:1pt;padding-left:4pt;padding-right:4pt;padding-top:1pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:bottom;width:55.31%;"><DIV
style="float:left;">Energy Transfer LP </DIV><HR
style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-5pt;margin-top:5pt;padding-top:3pt;vertical-align:auto;"
noshade="noshade">
</TD><TD
style="line-height:0pt;padding-bottom:1pt;padding-right:4pt;padding-top:1pt;text-align:left;vertical-align:top;width:2.00%;">&#160;
</TD><TD
style="color:#000000;color:#000000;font-family:Times New Roman;font-family:Times New Roman;font-size:9pt;font-size:9pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:12pt;
line-height:12pt;padding-bottom:1pt;padding-left:13pt;padding-top:1pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:bottom;white-space:nowrap;
width:26.26%;">22,246,278
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Times New Roman;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-bottom:1pt;padding-left:0pt;padding-right:4pt;padding-top:1pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:top;white-space:nowrap;width:16.26%;">813,000
</TD><TD
style="line-height:0pt;padding-bottom:1pt;padding-right:4pt;padding-top:1pt;text-align:right;vertical-align:top;width:2.00%;">&#160;
</TD><TD
style="color:#000000;font-family:Times New Roman;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-bottom:1pt;padding-left:4pt;padding-right:4pt;padding-top:1pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:bottom;width:55.31%;"><DIV
style="float:left;">Enterprise Products Partners</DIV><BR>
<DIV
style="float:left;">LP </DIV><HR
style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-5pt;margin-top:5pt;padding-top:3pt;vertical-align:auto;"
noshade="noshade">
</TD><TD
style="line-height:0pt;padding-bottom:1pt;padding-right:4pt;padding-top:1pt;text-align:left;vertical-align:top;width:2.00%;">&#160;
</TD><TD
style="color:#000000;color:#000000;font-family:Times New Roman;font-family:Times New Roman;font-size:9pt;font-size:9pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:12pt;
line-height:12pt;padding-bottom:1pt;padding-left:13pt;padding-top:1pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:bottom;white-space:nowrap;
width:26.26%;">19,219,320
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Times New Roman;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-bottom:1pt;padding-left:0pt;padding-right:4pt;padding-top:1pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:top;white-space:nowrap;width:16.26%;">320,819
</TD><TD
style="line-height:0pt;padding-bottom:1pt;padding-right:4pt;padding-top:1pt;text-align:right;vertical-align:top;width:2.00%;">&#160;
</TD><TD
style="color:#000000;font-family:Times New Roman;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-bottom:1pt;padding-left:4pt;padding-right:4pt;padding-top:1pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:bottom;width:55.31%;"><DIV
style="float:left;">Kinder Morgan, Inc. </DIV><HR
style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-5pt;margin-top:5pt;padding-top:3pt;vertical-align:auto;"
noshade="noshade">
</TD><TD
style="line-height:0pt;padding-bottom:1pt;padding-right:4pt;padding-top:1pt;text-align:left;vertical-align:top;width:2.00%;">&#160;
</TD><TD
style="color:#000000;color:#000000;font-family:Times New Roman;font-family:Times New Roman;font-size:9pt;font-size:9pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:12pt;
line-height:12pt;padding-bottom:1pt;padding-left:17.5pt;padding-top:1pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:bottom;white-space:nowrap;
width:26.26%;">5,569,418
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Times New Roman;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-bottom:1pt;padding-left:0pt;padding-right:4pt;padding-top:1pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:top;white-space:nowrap;width:16.26%;">660,575
</TD><TD
style="line-height:0pt;padding-bottom:1pt;padding-right:4pt;padding-top:1pt;text-align:right;vertical-align:top;width:2.00%;">&#160;
</TD><TD
style="color:#000000;font-family:Times New Roman;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-bottom:1pt;padding-left:4pt;padding-right:4pt;padding-top:1pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:bottom;width:55.31%;"><DIV
style="float:left;">MPLX LP </DIV><HR
style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-5pt;margin-top:5pt;padding-top:3pt;vertical-align:auto;"
noshade="noshade">
</TD><TD
style="line-height:0pt;padding-bottom:1pt;padding-right:4pt;padding-top:1pt;text-align:left;vertical-align:top;width:2.00%;">&#160;
</TD><TD
style="color:#000000;color:#000000;font-family:Times New Roman;font-family:Times New Roman;font-size:9pt;font-size:9pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:12pt;
line-height:12pt;padding-bottom:1pt;padding-left:13pt;padding-top:1pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:bottom;white-space:nowrap;
width:26.26%;">21,680,072
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Times New Roman;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-bottom:1pt;padding-left:0pt;padding-right:4pt;padding-top:1pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:top;white-space:nowrap;width:16.26%;">403,265
</TD><TD
style="line-height:0pt;padding-bottom:1pt;padding-right:4pt;padding-top:1pt;text-align:right;vertical-align:top;width:2.00%;">&#160;
</TD><TD
style="color:#000000;font-family:Times New Roman;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-bottom:1pt;padding-left:4pt;padding-right:4pt;padding-top:1pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:bottom;width:55.31%;"><DIV
style="float:left;">Pembina Pipeline Corp. (Canada)</DIV><HR
style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-5pt;margin-top:5pt;padding-top:3pt;vertical-align:auto;"
noshade="noshade">
</TD><TD
style="line-height:0pt;padding-bottom:1pt;padding-right:4pt;padding-top:1pt;text-align:left;vertical-align:top;width:2.00%;">&#160;
</TD><TD
style="color:#000000;color:#000000;font-family:Times New Roman;font-family:Times New Roman;font-size:9pt;font-size:9pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:12pt;
line-height:12pt;padding-bottom:1pt;padding-left:13pt;padding-top:1pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:bottom;white-space:nowrap;
width:26.26%;">12,803,977
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Times New Roman;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-bottom:1pt;padding-left:0pt;padding-right:4pt;padding-top:1pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:top;white-space:nowrap;width:16.26%;">740,000
</TD><TD
style="line-height:0pt;padding-bottom:1pt;padding-right:4pt;padding-top:1pt;text-align:right;vertical-align:top;width:2.00%;">&#160;
</TD><TD
style="color:#000000;font-family:Times New Roman;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-bottom:1pt;padding-left:4pt;padding-right:4pt;padding-top:1pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:bottom;width:55.31%;"><DIV
style="float:left;">Plains All American Pipeline</DIV><BR>
<DIV
style="float:left;">LP </DIV><HR
style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-5pt;margin-top:5pt;padding-top:3pt;vertical-align:auto;"
noshade="noshade">
</TD><TD
style="line-height:0pt;padding-bottom:1pt;padding-right:4pt;padding-top:1pt;text-align:left;vertical-align:top;width:2.00%;">&#160;
</TD><TD
style="color:#000000;color:#000000;font-family:Times New Roman;font-family:Times New Roman;font-size:9pt;font-size:9pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:12pt;
line-height:12pt;padding-bottom:1pt;padding-left:17.5pt;padding-top:1pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:bottom;white-space:nowrap;
width:26.26%;">7,969,800
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Times New Roman;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-bottom:1pt;padding-left:0pt;padding-right:4pt;padding-top:1pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:top;white-space:nowrap;width:16.26%;">216,000
</TD><TD
style="line-height:0pt;padding-bottom:1pt;padding-right:4pt;padding-top:1pt;text-align:right;vertical-align:top;width:2.00%;">&#160;
</TD><TD
style="color:#000000;font-family:Times New Roman;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-bottom:1pt;padding-left:4pt;padding-right:4pt;padding-top:1pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:bottom;width:55.31%;"><DIV
style="float:left;">Targa Resources Corp. </DIV><HR
style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-5pt;margin-top:5pt;padding-top:3pt;vertical-align:auto;"
noshade="noshade">
</TD><TD
style="line-height:0pt;padding-bottom:1pt;padding-right:4pt;padding-top:1pt;text-align:left;vertical-align:top;width:2.00%;">&#160;
</TD><TD
style="color:#000000;color:#000000;font-family:Times New Roman;font-family:Times New Roman;font-size:9pt;font-size:9pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:12pt;
line-height:12pt;padding-bottom:1pt;padding-left:13pt;padding-top:1pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:bottom;white-space:nowrap;
width:26.26%;">12,761,280
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Times New Roman;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-bottom:1pt;padding-left:0pt;padding-right:4pt;padding-top:1pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:top;white-space:nowrap;width:16.26%;">487,000
</TD><TD
style="line-height:0pt;padding-bottom:1pt;padding-right:4pt;padding-top:1pt;text-align:right;vertical-align:top;width:2.00%;">&#160;
</TD><TD
style="color:#000000;font-family:Times New Roman;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-bottom:1pt;padding-left:4pt;padding-right:4pt;padding-top:1pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:bottom;width:55.31%;"><DIV
style="float:left;">Western Midstream Partners</DIV><BR>
<DIV
style="float:left;">LP </DIV><HR
style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-5pt;margin-top:5pt;padding-top:3pt;vertical-align:auto;"
noshade="noshade">
</TD><TD
style="line-height:0pt;padding-bottom:1pt;padding-right:4pt;padding-top:1pt;text-align:left;vertical-align:top;width:2.00%;">&#160;
</TD><TD
style="color:#000000;color:#000000;font-family:Times New Roman;font-family:Times New Roman;font-size:9pt;font-size:9pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:12pt;
line-height:12pt;padding-bottom:1pt;padding-left:13pt;padding-top:1pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:bottom;white-space:nowrap;
width:26.26%;">11,610,080
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Times New Roman;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-bottom:3.5pt;padding-left:0pt;padding-right:4pt;padding-top:1pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:top;white-space:nowrap;width:16.26%;">819,147
</TD><TD
style="line-height:0pt;padding-bottom:3.5pt;padding-right:4pt;padding-top:1pt;text-align:right;vertical-align:top;width:2.00%;">&#160;
</TD><TD
style="color:#000000;font-family:Times New Roman;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-bottom:3.5pt;padding-left:4pt;padding-right:4pt;padding-top:1pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:bottom;width:55.31%;"><DIV
style="float:left;">Williams Cos., Inc. (The) </DIV><HR
style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-5pt;margin-top:5pt;padding-top:3pt;vertical-align:auto;"
noshade="noshade">
</TD><TD
style="line-height:0pt;padding-bottom:3.5pt;padding-right:4pt;padding-top:1pt;text-align:left;vertical-align:top;width:2.00%;">&#160;
</TD><TD
style="border-bottom:0.30pt solid #000000;color:#000000;color:#000000;font-family:Times New Roman;font-family:Times New Roman;font-size:9pt;font-size:9pt;font-style:Normal;font-style:Normal;font-weight:Normal;
font-weight:Normal;line-height:12pt;line-height:12pt;padding-bottom:3.5pt;padding-left:13pt;padding-top:1pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;
vertical-align:bottom;white-space:nowrap;width:26.26%;">24,525,261
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="line-height:9pt;padding-bottom:3.5pt;padding-right:4pt;padding-top:1.95pt;text-align:right;vertical-align:top;width:16.26%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:3.5pt;padding-right:4pt;padding-top:1.95pt;text-align:right;vertical-align:top;width:2.00%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:3.5pt;padding-right:4pt;padding-top:1.95pt;text-align:left;vertical-align:bottom;width:55.31%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:3.5pt;padding-right:4pt;padding-top:1.95pt;text-align:left;vertical-align:top;width:2.00%;">&#160;
</TD><TD
style="border-bottom:0.30pt solid #000000;color:#000000;font-family:Times New Roman;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-bottom:3.5pt;padding-left:8.5pt;padding-top:1.95pt;
text-align:right;text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:26.26%;">157,072,786
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="line-height:9pt;padding-bottom:1pt;padding-right:4pt;padding-top:1.95pt;text-align:right;vertical-align:top;width:16.26%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:1pt;padding-right:4pt;padding-top:1.95pt;text-align:right;vertical-align:top;width:2.00%;">&#160;
</TD><TD
style="color:#000000;font-family:Times New Roman;font-size:9pt;font-style:Normal;font-weight:bold;line-height:12pt;padding-bottom:1pt;padding-left:4pt;padding-top:1.95pt;text-align:left;text-decoration:none;
text-transform:none;vertical-align:bottom;width:83.56%;" colspan="3">&#9632;<FONT
style="padding-left:6.85pt;"></FONT>&#8199;<FONT
style="text-transform:uppercase;">Railroads&#8212;14.4%</FONT>
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Times New Roman;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-bottom:1pt;padding-left:0pt;padding-right:4pt;padding-top:1pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:top;white-space:nowrap;width:16.26%;">115,770
</TD><TD
style="line-height:0pt;padding-bottom:1pt;padding-right:4pt;padding-top:1pt;text-align:right;vertical-align:top;width:2.00%;">&#160;
</TD><TD
style="color:#000000;font-family:Times New Roman;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-bottom:1pt;padding-left:4pt;padding-right:4pt;padding-top:1pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:bottom;width:55.31%;"><DIV
style="float:left;">Canadian National Railway Co. (Canada)</DIV><HR
style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-5pt;margin-top:5pt;padding-top:3pt;vertical-align:auto;"
noshade="noshade">
</TD><TD
style="line-height:0pt;padding-bottom:1pt;padding-right:4pt;padding-top:1pt;text-align:left;vertical-align:top;width:2.00%;">&#160;
</TD><TD
style="color:#000000;color:#000000;font-family:Times New Roman;font-family:Times New Roman;font-size:9pt;font-size:9pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:12pt;
line-height:12pt;padding-bottom:1pt;padding-left:13pt;padding-top:1pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:bottom;white-space:nowrap;
width:26.26%;">14,110,251
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Times New Roman;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-bottom:1pt;padding-left:0pt;padding-right:4pt;padding-top:1pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:top;white-space:nowrap;width:16.26%;">210,000
</TD><TD
style="line-height:0pt;padding-bottom:1pt;padding-right:4pt;padding-top:1pt;text-align:right;vertical-align:top;width:2.00%;">&#160;
</TD><TD
style="color:#000000;font-family:Times New Roman;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-bottom:1pt;padding-left:4pt;padding-right:4pt;padding-top:1pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:bottom;width:55.31%;"><DIV
style="float:left;">Canadian Pacific Railway Ltd. (Canada)</DIV><HR
style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-5pt;margin-top:5pt;padding-top:3pt;vertical-align:auto;"
noshade="noshade">
</TD><TD
style="line-height:0pt;padding-bottom:1pt;padding-right:4pt;padding-top:1pt;text-align:left;vertical-align:top;width:2.00%;">&#160;
</TD><TD
style="color:#000000;color:#000000;font-family:Times New Roman;font-family:Times New Roman;font-size:9pt;font-size:9pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:12pt;
line-height:12pt;padding-bottom:1pt;padding-left:13pt;padding-top:1pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:bottom;white-space:nowrap;
width:26.26%;">15,023,719
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Times New Roman;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-bottom:1pt;padding-left:0pt;padding-right:4pt;padding-top:1pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:top;white-space:nowrap;width:16.26%;">550,000
</TD><TD
style="line-height:0pt;padding-bottom:1pt;padding-right:4pt;padding-top:1pt;text-align:right;vertical-align:top;width:2.00%;">&#160;
</TD><TD
style="color:#000000;font-family:Times New Roman;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-bottom:1pt;padding-left:4pt;padding-right:4pt;padding-top:1pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:bottom;width:55.31%;"><DIV
style="float:left;">CSX Corp. </DIV><HR
style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-5pt;margin-top:5pt;padding-top:3pt;vertical-align:auto;"
noshade="noshade">
</TD><TD
style="line-height:0pt;padding-bottom:1pt;padding-right:4pt;padding-top:1pt;text-align:left;vertical-align:top;width:2.00%;">&#160;
</TD><TD
style="color:#000000;color:#000000;font-family:Times New Roman;font-family:Times New Roman;font-size:9pt;font-size:9pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:12pt;
line-height:12pt;padding-bottom:1pt;padding-left:13pt;padding-top:1pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:bottom;white-space:nowrap;
width:26.26%;">18,821,000
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Times New Roman;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-bottom:1pt;padding-left:0pt;padding-right:4pt;padding-top:1pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:top;white-space:nowrap;width:16.26%;">81,370
</TD><TD
style="line-height:0pt;padding-bottom:1pt;padding-right:4pt;padding-top:1pt;text-align:right;vertical-align:top;width:2.00%;">&#160;
</TD><TD
style="color:#000000;font-family:Times New Roman;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-bottom:1pt;padding-left:4pt;padding-right:4pt;padding-top:1pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:bottom;width:55.31%;"><DIV
style="float:left;">Norfolk Southern Corp. </DIV><HR
style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-5pt;margin-top:5pt;padding-top:3pt;vertical-align:auto;"
noshade="noshade">
</TD><TD
style="line-height:0pt;padding-bottom:1pt;padding-right:4pt;padding-top:1pt;text-align:left;vertical-align:top;width:2.00%;">&#160;
</TD><TD
style="color:#000000;color:#000000;font-family:Times New Roman;font-family:Times New Roman;font-size:9pt;font-size:9pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:12pt;
line-height:12pt;padding-bottom:1pt;padding-left:13pt;padding-top:1pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:bottom;white-space:nowrap;
width:26.26%;">22,131,826
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Times New Roman;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-bottom:3.5pt;padding-left:0pt;padding-right:4pt;padding-top:1pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:top;white-space:nowrap;width:16.26%;">22,000
</TD><TD
style="line-height:0pt;padding-bottom:3.5pt;padding-right:4pt;padding-top:1pt;text-align:right;vertical-align:top;width:2.00%;">&#160;
</TD><TD
style="color:#000000;font-family:Times New Roman;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-bottom:3.5pt;padding-left:4pt;padding-right:4pt;padding-top:1pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:bottom;width:55.31%;"><DIV
style="float:left;">Union Pacific Corp. </DIV><HR
style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-5pt;margin-top:5pt;padding-top:3pt;vertical-align:auto;"
noshade="noshade">
</TD><TD
style="line-height:0pt;padding-bottom:3.5pt;padding-right:4pt;padding-top:1pt;text-align:left;vertical-align:top;width:2.00%;">&#160;
</TD><TD
style="border-bottom:0.30pt solid #000000;color:#000000;color:#000000;font-family:Times New Roman;font-family:Times New Roman;font-size:9pt;font-size:9pt;font-style:Normal;font-style:Normal;font-weight:Normal;
font-weight:Normal;line-height:12pt;line-height:12pt;padding-bottom:3.5pt;padding-left:17.5pt;padding-top:1pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;
vertical-align:bottom;white-space:nowrap;width:26.26%;">5,380,100
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="line-height:9pt;padding-bottom:3.5pt;padding-right:4pt;padding-top:1.95pt;text-align:right;vertical-align:top;width:16.26%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:3.5pt;padding-right:4pt;padding-top:1.95pt;text-align:right;vertical-align:top;width:2.00%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:3.5pt;padding-right:4pt;padding-top:1.95pt;text-align:left;vertical-align:bottom;width:55.31%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:3.5pt;padding-right:4pt;padding-top:1.95pt;text-align:left;vertical-align:top;width:2.00%;">&#160;
</TD><TD
style="border-bottom:0.30pt solid #000000;color:#000000;font-family:Times New Roman;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-bottom:3.5pt;padding-left:13pt;padding-top:1.95pt;
text-align:right;text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:26.26%;">75,466,896
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="line-height:9pt;padding-bottom:1pt;padding-right:4pt;padding-top:1.95pt;text-align:right;vertical-align:top;width:16.26%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:1pt;padding-right:4pt;padding-top:1.95pt;text-align:right;vertical-align:top;width:2.00%;">&#160;
</TD><TD
style="color:#000000;font-family:Times New Roman;font-size:9pt;font-style:Normal;font-weight:bold;line-height:12pt;padding-bottom:1pt;padding-left:4pt;padding-top:1.95pt;text-align:left;text-decoration:none;
text-transform:none;vertical-align:bottom;width:83.56%;" colspan="3">&#9632;<FONT
style="padding-left:6.85pt;"></FONT>&#8199;<FONT
style="text-transform:uppercase;">Telecommunications&#8212;2.0%</FONT>
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Times New Roman;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-bottom:3.5pt;padding-left:0pt;padding-right:4pt;padding-top:1pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:top;white-space:nowrap;width:16.26%;">229,746
</TD><TD
style="line-height:0pt;padding-bottom:3.5pt;padding-right:4pt;padding-top:1pt;text-align:right;vertical-align:top;width:2.00%;">&#160;
</TD><TD
style="color:#000000;font-family:Times New Roman;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-bottom:3.5pt;padding-left:4pt;padding-right:4pt;padding-top:1pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:bottom;width:55.31%;"><DIV
style="float:left;">Cellnex Telecom S.A. (Spain)</DIV><HR
style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-5pt;margin-top:5pt;padding-top:3pt;vertical-align:auto;"
noshade="noshade">
</TD><TD
style="line-height:0pt;padding-bottom:3.5pt;padding-right:4pt;padding-top:1pt;text-align:left;vertical-align:top;width:2.00%;">&#160;
</TD><TD
style="border-bottom:0.30pt solid #000000;color:#000000;color:#000000;font-family:Times New Roman;font-family:Times New Roman;font-size:9pt;font-size:9pt;font-style:Normal;font-style:Normal;font-weight:Normal;
font-weight:Normal;line-height:12pt;line-height:12pt;padding-bottom:3.5pt;padding-left:13pt;padding-top:1pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;
vertical-align:bottom;white-space:nowrap;width:26.26%;">10,401,758
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="line-height:9pt;padding-bottom:3.5pt;padding-right:4pt;padding-top:1.95pt;text-align:right;vertical-align:top;width:16.26%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:3.5pt;padding-right:4pt;padding-top:1.95pt;text-align:right;vertical-align:top;width:2.00%;">&#160;
</TD><TD
style="color:#000000;font-family:Times New Roman;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-bottom:3.5pt;padding-left:9pt;padding-right:4pt;padding-top:1.95pt;text-align:left;
text-decoration:none;text-indent:-5pt;text-transform:none;vertical-align:bottom;width:55.31%;">Total Common Stocks &amp; MLP Interests<BR>
(Cost $667,539,111)
</TD><TD
style="line-height:0pt;padding-bottom:3.5pt;padding-right:4pt;padding-top:1.95pt;text-align:left;vertical-align:top;width:2.00%;">&#160;
</TD><TD
style="border-bottom:0.30pt solid #000000;color:#000000;font-family:Times New Roman;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-bottom:3.5pt;padding-left:8.5pt;padding-top:1.95pt;
text-align:right;text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:26.26%;">721,516,556
</TD></TR></TABLE>
</DIV>
</DIV>
<DIV
style="clear:both;">
<DIV
style="clear:both;padding-top:7pt;width:100%;" type="Block">
<DIV
style="clear:both;color:#000000;font-family:Times New Roman;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;text-align:center;text-decoration:none;text-transform:none;">The accompanying notes are
an integral part of these financial statements.</DIV>
</DIV>
</DIV>
<DIV
style="padding-top:0.79pt;width:100%;" type="Block">
<DIV
style="color:#000000;font-family:Times New Roman;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;text-align:center;text-decoration:none;text-transform:none;">1</DIV>
</DIV>
</DIV>
<DIV
style="clear:both;font-size:12pt;height:0pt;">
</DIV>
<HR
style="margin-bottom:0pt;">
<!--PAGE BREAK-->
<DIV
style="width:100%;">
<DIV
style="width:100%;" type="Block">
<DIV
style="color:#000000;font-family:Times New Roman;font-size:11pt;font-style:Normal;font-weight:bold;line-height:14pt;text-align:center;text-decoration:none;text-transform:none;">DUFF &amp; PHELPS UTILITY AND
INFRASTRUCTURE FUND INC.</DIV>
<DIV
style="color:#000000;font-family:Times New Roman;font-size:11pt;font-style:Normal;font-weight:bold;line-height:14pt;text-align:center;text-decoration:none;text-transform:none;">SCHEDULE OF
INVESTMENTS&#8212;(Continued)</DIV>
<DIV
style="color:#000000;font-family:Times New Roman;font-size:11pt;font-style:Normal;font-weight:bold;line-height:14pt;text-align:center;text-decoration:none;text-transform:uppercase;">January 31, 2022</DIV>
<DIV
style="color:#000000;font-family:Times New Roman;font-size:11pt;font-style:Normal;font-weight:bold;line-height:14pt;text-align:center;text-decoration:none;text-transform:none;">(Unaudited)</DIV>
</DIV>
<DIV
style="width:49%;" type="Block">
<DIV
style="text-align:center;">
<TABLE
style="border-collapse:separate;empty-cells:show;margin-left:auto;margin-right:auto;margin-top:0pt;width:100%;" cellpadding="0" cellspacing="0">
<TR
style="page-break-inside:avoid;"><TD
style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Times New Roman;font-size:8pt;font-style:Normal;font-weight:bold;line-height:11pt;padding-bottom:3.5pt;padding-left:0pt;padding-right:4pt;
text-align:center;text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:30.48%;">Shares
</TD><TD
style="line-height:0pt;padding-bottom:3.5pt;padding-right:4pt;text-align:center;vertical-align:top;width:2.00%;">&#160;
</TD><TD
style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Times New Roman;font-size:8pt;font-style:Normal;font-weight:bold;line-height:11pt;padding-bottom:3.5pt;padding-left:4pt;padding-right:4pt;
text-align:center;text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:50.59%;">Description
</TD><TD
style="line-height:0pt;padding-bottom:3.5pt;padding-right:4pt;text-align:center;vertical-align:top;width:2.00%;">&#160;
</TD><TD
style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Times New Roman;font-size:8pt;font-style:Normal;font-weight:bold;line-height:11pt;padding-bottom:3.5pt;padding-left:4pt;text-align:center;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:39.65%;">Value
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="border-top:0.5pt SOLID #000000;color:#000000;font-family:Times New Roman;font-size:9pt;font-style:Normal;font-weight:bold;line-height:12pt;padding-left:0pt;padding-top:1.88pt;text-align:left;text-decoration:none;
text-transform:uppercase;vertical-align:top;width:100%;" colspan="5">Short-Term Investment&#8212;2.2%
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="line-height:9pt;padding-bottom:0.88pt;padding-right:4pt;padding-top:0.88pt;text-align:right;vertical-align:top;width:30.48%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:0.88pt;padding-right:4pt;padding-top:0.88pt;text-align:right;vertical-align:top;width:2.00%;">&#160;
</TD><TD
style="color:#000000;font-family:Times New Roman;font-size:9pt;font-style:Normal;font-weight:bold;line-height:12pt;padding-bottom:0.88pt;padding-left:15pt;padding-top:0.88pt;text-align:left;text-decoration:none;
text-indent:-11pt;text-transform:none;vertical-align:bottom;width:92.24%;" colspan="3">&#9632;<FONT
style="padding-left:6.85pt;"></FONT>&#8199;<FONT
style="text-transform:uppercase;">Money Market Mutual Fund&#8212;2.2%</FONT>
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Times New Roman;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-bottom:3.5pt;padding-left:0pt;padding-right:4pt;padding-top:0.88pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:top;white-space:nowrap;width:30.48%;">11,493,473
</TD><TD
style="line-height:0pt;padding-bottom:3.5pt;padding-right:4pt;padding-top:0.88pt;text-align:right;vertical-align:top;width:2.00%;">&#160;
</TD><TD
style="color:#000000;font-family:Times New Roman;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-bottom:3.5pt;padding-left:4pt;padding-right:4pt;padding-top:0.88pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:bottom;width:50.59%;"><DIV
style="float:left;">BlackRock Liquidity FedFund Portfolio Institutional Shares (seven-day effective yield 0.025%)<SUP
style="font-size:85%;font-style:Normal;text-transform:none;">(3)</SUP></DIV><HR
style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-5pt;margin-top:5pt;padding-top:4.50pt;vertical-align:auto;"
noshade="noshade">
</TD><TD
style="line-height:0pt;padding-bottom:3.5pt;padding-right:4pt;padding-top:0.88pt;text-align:left;vertical-align:top;width:2.00%;">&#160;
</TD><TD
style="border-bottom:0.30pt solid #000000;color:#000000;font-family:Times New Roman;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-bottom:3.5pt;padding-left:4pt;padding-top:0.88pt;
text-align:right;text-decoration:none;text-transform:none;vertical-align:bottom;width:39.65%;">$<FONT
style="padding-left:10.33pt;"></FONT>11,493,473
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="line-height:9pt;padding-bottom:3.5pt;padding-right:4pt;padding-top:1.82pt;text-align:right;vertical-align:top;width:30.48%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:3.5pt;padding-right:4pt;padding-top:1.82pt;text-align:right;vertical-align:top;width:2.00%;">&#160;
</TD><TD
style="color:#000000;font-family:Times New Roman;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-bottom:3.5pt;padding-left:9pt;padding-right:4pt;padding-top:1.82pt;text-align:left;
text-decoration:none;text-indent:-5pt;text-transform:none;vertical-align:bottom;width:50.59%;">Total Short-Term Investment<BR>
(Cost $11,493,473)
</TD><TD
style="line-height:0pt;padding-bottom:3.5pt;padding-right:4pt;padding-top:1.82pt;text-align:left;vertical-align:top;width:2.00%;">&#160;
</TD><TD
style="border-bottom:0.30pt solid #000000;color:#000000;font-family:Times New Roman;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-bottom:3.5pt;padding-left:18.83pt;padding-top:1.82pt;
text-align:right;text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:39.65%;">11,493,473
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Times New Roman;font-size:9pt;font-style:Normal;font-weight:bold;line-height:12pt;padding-bottom:3.5pt;padding-left:5pt;padding-right:4pt;padding-top:1.82pt;text-align:left;
text-decoration:none;text-indent:-5pt;text-transform:none;vertical-align:top;width:83.07%;" colspan="3">TOTAL INVESTMENTS BEFORE WRITTEN OPTIONS<FONT
style="font-weight:Normal;">&#8212;</FONT>139.7%<BR>
(Cost $679,032,584)
</TD><TD
style="line-height:0pt;padding-bottom:3.5pt;padding-right:4pt;padding-top:1.82pt;text-align:left;vertical-align:top;width:2.00%;">&#160;
</TD><TD
style="border-bottom:0.30pt solid #000000;color:#000000;font-family:Times New Roman;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-bottom:3.5pt;padding-left:14.33pt;padding-top:1.82pt;
text-align:right;text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:39.65%;">733,010,029
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="line-height:9pt;padding-bottom:0.88pt;padding-right:4pt;padding-top:1.82pt;text-align:right;vertical-align:top;width:30.48%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:0.88pt;padding-right:4pt;padding-top:1.82pt;text-align:right;vertical-align:top;width:2.00%;">&#160;
</TD><TD
style="color:#000000;font-family:Times New Roman;font-size:9pt;font-style:Normal;font-weight:bold;line-height:12pt;padding-bottom:0.88pt;padding-left:4pt;padding-top:1.82pt;text-align:left;text-decoration:none;
text-transform:none;vertical-align:bottom;width:92.24%;" colspan="3">&#9632;<FONT
style="padding-left:6.85pt;"></FONT>&#8199;<FONT
style="text-transform:uppercase;">Written Options&#8212;(0.0)%</FONT>
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="line-height:9pt;padding-bottom:0.88pt;padding-right:4pt;padding-top:0.88pt;text-align:right;vertical-align:top;width:30.48%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:0.88pt;padding-right:4pt;padding-top:0.88pt;text-align:right;vertical-align:top;width:2.00%;">&#160;
</TD><TD
style="color:#000000;font-family:Times New Roman;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-bottom:0.88pt;padding-left:4pt;padding-top:0.88pt;text-align:left;text-decoration:none;
text-transform:none;vertical-align:bottom;width:92.24%;" colspan="3">(see Open Written Option Contracts on the next page)
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="line-height:9pt;padding-bottom:3.5pt;padding-right:4pt;padding-top:0.88pt;text-align:right;vertical-align:top;width:30.48%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:3.5pt;padding-right:4pt;padding-top:0.88pt;text-align:right;vertical-align:top;width:2.00%;">&#160;
</TD><TD
style="color:#000000;font-family:Times New Roman;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-bottom:3.5pt;padding-left:9pt;padding-right:4pt;padding-top:0.88pt;text-align:left;
text-decoration:none;text-indent:-5pt;text-transform:none;vertical-align:bottom;width:50.59%;">Total Written Options<BR>
(Premiums received $244,469)
</TD><TD
style="line-height:0pt;padding-bottom:3.5pt;padding-right:4pt;padding-top:0.88pt;text-align:left;vertical-align:top;width:2.00%;">&#160;
</TD><TD
style="border-bottom:0.30pt solid #000000;color:#000000;font-family:Times New Roman;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-bottom:3.5pt;padding-left:31.59pt;padding-top:0.88pt;
text-align:right;text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:39.65%;">(79,090)
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Times New Roman;font-size:9pt;font-style:Normal;font-weight:bold;line-height:12pt;padding-bottom:0.88pt;padding-left:5pt;padding-right:4pt;padding-top:1.82pt;text-align:left;
text-decoration:none;text-indent:-5pt;text-transform:none;vertical-align:top;width:83.07%;" colspan="3">TOTAL INVESTMENTS AFTER WRITTEN OPTIONS&#8212;139.7%<BR>
(Cost $678,788,115)
</TD><TD
style="line-height:0pt;padding-bottom:0.88pt;padding-right:4pt;padding-top:1.82pt;text-align:left;vertical-align:top;width:2.00%;">&#160;
</TD><TD
style="color:#000000;font-family:Times New Roman;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-bottom:0.88pt;padding-left:8.5pt;padding-top:1.82pt;text-align:right;text-decoration:none;
text-transform:none;vertical-align:bottom;white-space:nowrap;width:39.65%;">732,930,939<SUP
style="font-size:85%;font-style:Normal;text-transform:none;">(4)</SUP>
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="line-height:9pt;padding-bottom:0.88pt;padding-right:4pt;padding-top:0.88pt;text-align:right;vertical-align:top;width:30.48%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:0.88pt;padding-right:4pt;padding-top:0.88pt;text-align:right;vertical-align:top;width:2.00%;">&#160;
</TD><TD
style="color:#000000;font-family:Times New Roman;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-bottom:0.88pt;padding-left:4pt;padding-right:4pt;padding-top:0.88pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:bottom;width:50.59%;">Secured borrowings&#8212;(32.4)%
</TD><TD
style="line-height:0pt;padding-bottom:0.88pt;padding-right:4pt;padding-top:0.88pt;text-align:left;vertical-align:top;width:2.00%;">&#160;
</TD><TD
style="color:#000000;font-family:Times New Roman;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-bottom:0.88pt;padding-left:11.34pt;padding-top:0.88pt;text-align:right;text-decoration:none;
text-transform:none;vertical-align:bottom;white-space:nowrap;width:39.65%;">(170,000,000)
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="line-height:9pt;padding-bottom:0.88pt;padding-right:4pt;padding-top:0.88pt;text-align:right;vertical-align:top;width:30.48%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:0.88pt;padding-right:4pt;padding-top:0.88pt;text-align:right;vertical-align:top;width:2.00%;">&#160;
</TD><TD
style="color:#000000;font-family:Times New Roman;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-bottom:0.88pt;padding-left:4pt;padding-right:4pt;padding-top:0.88pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:bottom;width:50.59%;">Mandatory Redeemable Preferred Shares at liquidation value&#8212;(7.6)%
</TD><TD
style="line-height:0pt;padding-bottom:0.88pt;padding-right:4pt;padding-top:0.88pt;text-align:left;vertical-align:top;width:2.00%;">&#160;
</TD><TD
style="color:#000000;font-family:Times New Roman;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-bottom:0.88pt;padding-left:15.84pt;padding-top:0.88pt;text-align:right;text-decoration:none;
text-transform:none;vertical-align:bottom;white-space:nowrap;width:39.65%;">(40,000,000)
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="line-height:9pt;padding-bottom:3.5pt;padding-right:4pt;padding-top:0.88pt;text-align:right;vertical-align:top;width:30.48%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:3.5pt;padding-right:4pt;padding-top:0.88pt;text-align:right;vertical-align:top;width:2.00%;">&#160;
</TD><TD
style="color:#000000;font-family:Times New Roman;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-bottom:3.5pt;padding-left:4pt;padding-right:4pt;padding-top:0.88pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:bottom;width:50.59%;"><DIV
style="float:left;">Other assets less other liabilities&#8212;0.3%</DIV><HR
style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-5pt;margin-top:5pt;padding-top:3pt;vertical-align:auto;"
noshade="noshade">
</TD><TD
style="line-height:0pt;padding-bottom:3.5pt;padding-right:4pt;padding-top:0.88pt;text-align:left;vertical-align:top;width:2.00%;">&#160;
</TD><TD
style="border-bottom:0.30pt solid #000000;color:#000000;font-family:Times New Roman;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-bottom:3.5pt;padding-left:23.33pt;padding-top:0.88pt;
text-align:right;text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:39.65%;">1,537,744
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Times New Roman;font-size:9pt;font-style:Normal;font-weight:bold;line-height:12pt;padding-bottom:1.62pt;padding-left:5pt;padding-right:4pt;padding-top:1.82pt;text-align:left;
text-decoration:none;text-indent:-5pt;text-transform:none;vertical-align:top;width:83.07%;" colspan="3">NET ASSETS APPLICABLE TO COMMON STOCK&#8212;100.0%
</TD><TD
style="line-height:0pt;padding-bottom:1.62pt;padding-right:4pt;padding-top:1.82pt;text-align:left;vertical-align:top;width:2.00%;">&#160;
</TD><TD
style="border-bottom:medium double #000000;color:#000000;font-family:Times New Roman;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-bottom:1.62pt;padding-left:4pt;padding-top:1.82pt;
text-align:right;text-decoration:none;text-transform:none;vertical-align:bottom;width:39.65%;">$<FONT
style="padding-left:5.83pt;"></FONT>524,468,683
</TD></TR></TABLE>
</DIV>
</DIV>
<DIV
style="margin-top:2pt;width:100%;" type="Block">
<DIV
style="text-align:left;">
<TABLE
style="border-collapse:collapse;empty-cells:show;margin-top:0pt;width:100%;" cellpadding="0" cellspacing="0">
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;padding-left:0pt;padding-right:3pt;padding-top:6pt;text-align:left;text-decoration:none;
text-transform:none;vertical-align:top;width:2.61%;"><SUP
style="font-size:85%;font-style:Normal;text-transform:none;">(1)</SUP>
</TD><TD
style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;padding-left:3pt;padding-top:6pt;text-align:left;text-decoration:none;text-transform:none;
vertical-align:top;width:98.06%;">Non-income producing.
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;padding-left:0pt;padding-right:3pt;padding-top:1.75pt;text-align:left;text-decoration:none;
text-transform:none;vertical-align:top;width:2.61%;"><SUP
style="font-size:85%;font-style:Normal;text-transform:none;">(2)</SUP>
</TD><TD
style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;padding-left:3pt;padding-top:1.75pt;text-align:left;text-decoration:none;text-transform:none;
vertical-align:top;width:98.06%;">All or a portion of the security is segregated as collateral for written options.
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;padding-left:0pt;padding-right:3pt;padding-top:1.75pt;text-align:left;text-decoration:none;
text-transform:none;vertical-align:top;width:2.61%;"><SUP
style="font-size:85%;font-style:Normal;text-transform:none;">(3)</SUP>
</TD><TD
style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;padding-left:3pt;padding-top:1.75pt;text-align:left;text-decoration:none;text-transform:none;
vertical-align:top;width:98.06%;">Shares of this fund are publicly offered, and its prospectus and annual report are publicly available.
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;padding-bottom:6pt;padding-left:0pt;padding-right:3pt;padding-top:1.75pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:top;width:2.61%;"><SUP
style="font-size:85%;font-style:Normal;text-transform:none;">(4)</SUP>
</TD><TD
style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;padding-bottom:6pt;padding-left:3pt;padding-top:1.75pt;text-align:left;text-decoration:none;
text-transform:none;vertical-align:top;width:98.06%;">All or a portion of the total investments have been pledged as collateral for borrowings.
</TD></TR></TABLE>
</DIV>
</DIV>
<DIV
style="margin-top:8pt;width:100%;" type="Block">
<DIV
style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;margin-top:6pt;text-align:left;text-decoration:none;text-transform:none;">The percentage shown for
each investment category is the total value of that category as a percentage of the net assets applicable to common stock of the Fund.</DIV>
</DIV>
<DIV
style="margin-top:42pt;width:100%;" type="Block">
<DIV
style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;margin-top:37pt;text-align:center;text-decoration:none;text-transform:none;">The accompanying notes
are an integral part of these financial statements.</DIV>
</DIV>
<DIV
style="margin-top:0.79pt;width:100%;" type="Block">
<DIV
style="color:#000000;font-family:Times New Roman;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;text-align:center;text-decoration:none;text-transform:none;">2</DIV>
</DIV>
</DIV>
<DIV
style="clear:both;font-size:12pt;height:0pt;">
</DIV>
<HR
style="margin-bottom:0pt;">
<!--PAGE BREAK-->
<DIV
style="width:100%;">
<DIV
style="width:100%;" type="Block">
<DIV
style="color:#000000;font-family:Times New Roman;font-size:11pt;font-style:Normal;font-weight:bold;line-height:14pt;text-align:center;text-decoration:none;text-transform:none;">DUFF &amp; PHELPS UTILITY AND
INFRASTRUCTURE FUND INC.</DIV>
<DIV
style="color:#000000;font-family:Times New Roman;font-size:11pt;font-style:Normal;font-weight:bold;line-height:14pt;text-align:center;text-decoration:none;text-transform:none;">SCHEDULE OF
INVESTMENTS&#8212;(Continued)</DIV>
<DIV
style="color:#000000;font-family:Times New Roman;font-size:11pt;font-style:Normal;font-weight:bold;line-height:14pt;text-align:center;text-decoration:none;text-transform:uppercase;">January 31, 2022</DIV>
<DIV
style="color:#000000;font-family:Times New Roman;font-size:11pt;font-style:Normal;font-weight:bold;line-height:14pt;text-align:center;text-decoration:none;text-transform:none;">(Unaudited)</DIV>
</DIV>
<DIV
style="width:100%;" type="Block">
<DIV
style="text-align:center;">
<TABLE
style="border-bottom:0.5pt solid #000000;border-collapse:collapse;border-left:0.5pt solid #000000;border-right:0.5pt solid #000000;border-top:0.5pt solid #000000;empty-cells:show;margin-left:auto;margin-right:auto;margin-top:0pt;width:99.05%;" cellpadding="0" cellspacing="0">
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:Normal;font-weight:bold;line-height:13pt;padding-bottom:1.25pt;padding-left:4pt;padding-right:8pt;padding-top:4pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:bottom;width:100%;" colspan="11">Open Written Option Contracts as of January 31, 2022, were as follows:
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Times New Roman;font-size:8pt;font-style:Normal;font-weight:bold;line-height:11pt;padding-bottom:2.5pt;padding-left:4pt;padding-right:3pt;
padding-top:1.25pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:bottom;width:43.07%;">Description of Option
</TD><TD
style="line-height:0pt;padding-bottom:2.5pt;padding-right:6pt;padding-top:1.25pt;text-align:left;vertical-align:top;width:2.02%;">&#160;
</TD><TD
style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Times New Roman;font-size:8pt;font-style:Normal;font-weight:bold;line-height:11pt;padding-bottom:2.5pt;padding-left:6pt;padding-right:6pt;
padding-top:1.25pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:bottom;width:10.77%;">Number of<BR>
Contracts
</TD><TD
style="line-height:0pt;padding-bottom:2.5pt;padding-right:6pt;padding-top:1.25pt;text-align:center;vertical-align:top;width:2.02%;">&#160;
</TD><TD
style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Times New Roman;font-size:8pt;font-style:Normal;font-weight:bold;line-height:11pt;padding-bottom:2.5pt;padding-left:6pt;padding-right:6pt;
padding-top:1.25pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:bottom;width:9.42%;">Contract<BR>
Notional<BR>
Amount
</TD><TD
style="line-height:0pt;padding-bottom:2.5pt;padding-right:6pt;padding-top:1.25pt;text-align:center;vertical-align:top;width:2.02%;">&#160;
</TD><TD
style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Times New Roman;font-size:8pt;font-style:Normal;font-weight:bold;line-height:11pt;padding-bottom:2.5pt;padding-left:6pt;padding-right:6pt;
padding-top:1.25pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:bottom;width:9.42%;">Strike<BR>
Price
</TD><TD
style="line-height:0pt;padding-bottom:2.5pt;padding-right:6pt;padding-top:1.25pt;text-align:center;vertical-align:top;width:2.02%;">&#160;
</TD><TD
style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Times New Roman;font-size:8pt;font-style:Normal;font-weight:bold;line-height:11pt;padding-bottom:2.5pt;padding-left:6pt;padding-right:6pt;
padding-top:1.25pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:bottom;width:9.42%;">Expiration<BR>
Date
</TD><TD
style="line-height:0pt;padding-bottom:2.5pt;padding-right:6pt;padding-top:1.25pt;text-align:center;vertical-align:top;width:2.02%;">&#160;
</TD><TD
style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Times New Roman;font-size:8pt;font-style:Normal;font-weight:bold;line-height:11pt;padding-bottom:2.5pt;padding-left:6pt;padding-right:8pt;
padding-top:1.25pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:9.93%;">Value
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Times New Roman;font-size:9pt;font-style:Normal;font-weight:bold;line-height:12pt;padding-bottom:1.25pt;padding-left:4pt;padding-right:3pt;padding-top:2pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:bottom;width:43.07%;">Call Options
</TD><TD
style="line-height:0pt;padding-bottom:1.25pt;padding-right:6pt;padding-top:2pt;text-align:left;vertical-align:top;width:2.02%;">&#160;
</TD><TD
style="line-height:9pt;padding-bottom:1.25pt;padding-right:6pt;padding-top:2pt;text-align:center;vertical-align:bottom;width:10.77%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:1.25pt;padding-right:6pt;padding-top:2pt;text-align:center;vertical-align:top;width:2.02%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:1.25pt;padding-right:6pt;padding-top:2pt;text-align:center;vertical-align:bottom;width:9.42%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:1.25pt;padding-right:6pt;padding-top:2pt;text-align:center;vertical-align:top;width:2.02%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:1.25pt;padding-right:6pt;padding-top:2pt;text-align:center;vertical-align:bottom;width:9.42%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:1.25pt;padding-right:6pt;padding-top:2pt;text-align:center;vertical-align:top;width:2.02%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:1.25pt;padding-right:6pt;padding-top:2pt;text-align:center;vertical-align:bottom;width:9.42%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:1.25pt;padding-right:6pt;padding-top:2pt;text-align:center;vertical-align:top;width:2.02%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:1.25pt;padding-right:8pt;padding-top:2pt;text-align:center;vertical-align:bottom;width:9.93%;">&#160;
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Times New Roman;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-bottom:1.25pt;padding-left:4pt;padding-right:3pt;padding-top:1.25pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:bottom;width:43.07%;"><DIV
style="float:left;">Evergy, Inc.</DIV><HR
style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-5pt;margin-top:5pt;padding-top:3pt;vertical-align:auto;"
noshade="noshade">
</TD><TD
style="line-height:0pt;padding-bottom:1.25pt;padding-right:6pt;padding-top:1.25pt;text-align:left;vertical-align:top;width:2.02%;">&#160;
</TD><TD
style="color:#000000;font-family:Times New Roman;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-bottom:1.25pt;padding-left:6pt;padding-right:6pt;padding-top:1.25pt;text-align:center;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:10.77%;">2,230
</TD><TD
style="line-height:0pt;padding-bottom:1.25pt;padding-right:6pt;padding-top:1.25pt;text-align:center;vertical-align:top;width:2.02%;">&#160;
</TD><TD
style="color:#000000;font-family:Times New Roman;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-bottom:1.25pt;padding-left:6pt;padding-right:6pt;padding-top:1.25pt;text-align:center;
text-decoration:none;text-transform:none;vertical-align:bottom;width:9.42%;">$16,725
</TD><TD
style="line-height:0pt;padding-bottom:1.25pt;padding-right:6pt;padding-top:1.25pt;text-align:center;vertical-align:top;width:2.02%;">&#160;
</TD><TD
style="color:#000000;font-family:Times New Roman;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-bottom:1.25pt;padding-left:6pt;padding-right:6pt;padding-top:1.25pt;text-align:center;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:9.42%;">$75.00
</TD><TD
style="line-height:0pt;padding-bottom:1.25pt;padding-right:6pt;padding-top:1.25pt;text-align:center;vertical-align:top;width:2.02%;">&#160;
</TD><TD
style="color:#000000;font-family:Times New Roman;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-bottom:1.25pt;padding-left:6pt;padding-right:6pt;padding-top:1.25pt;text-align:center;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:9.42%;">3/18/22
</TD><TD
style="line-height:0pt;padding-bottom:1.25pt;padding-right:6pt;padding-top:1.25pt;text-align:center;vertical-align:top;width:2.02%;">&#160;
</TD><TD
style="color:#000000;font-family:Times New Roman;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-bottom:1.25pt;padding-left:6pt;padding-right:8pt;padding-top:1.25pt;text-align:center;
text-decoration:none;text-transform:none;vertical-align:bottom;width:9.93%;">$(17,840)
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Times New Roman;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-bottom:2.5pt;padding-left:4pt;padding-right:3pt;padding-top:1.25pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:bottom;width:43.07%;"><DIV
style="float:left;">Alliant Energy Corp.</DIV><HR
style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-5pt;margin-top:5pt;padding-top:3pt;vertical-align:auto;"
noshade="noshade">
</TD><TD
style="line-height:0pt;padding-bottom:2.5pt;padding-right:6pt;padding-top:1.25pt;text-align:left;vertical-align:top;width:2.02%;">&#160;
</TD><TD
style="color:#000000;font-family:Times New Roman;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-bottom:2.5pt;padding-left:6pt;padding-right:6pt;padding-top:1.25pt;text-align:center;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:10.77%;">1,750
</TD><TD
style="line-height:0pt;padding-bottom:2.5pt;padding-right:6pt;padding-top:1.25pt;text-align:center;vertical-align:top;width:2.02%;">&#160;
</TD><TD
style="color:#000000;color:#000000;font-family:Times New Roman;font-family:Times New Roman;font-size:9pt;font-size:9pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:12pt;
line-height:12pt;padding-bottom:2.5pt;padding-left:10.5pt;padding-right:6pt;padding-top:1.25pt;text-align:center;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:bottom;
white-space:nowrap;width:9.42%;">11,375
</TD><TD
style="line-height:0pt;padding-bottom:2.5pt;padding-right:6pt;padding-top:1.25pt;text-align:center;vertical-align:top;width:2.02%;">&#160;
</TD><TD
style="color:#000000;font-family:Times New Roman;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-bottom:2.5pt;padding-left:10.5pt;padding-right:6pt;padding-top:1.25pt;text-align:center;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:9.42%;">65.00
</TD><TD
style="line-height:0pt;padding-bottom:2.5pt;padding-right:6pt;padding-top:1.25pt;text-align:center;vertical-align:top;width:2.02%;">&#160;
</TD><TD
style="color:#000000;font-family:Times New Roman;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-bottom:2.5pt;padding-left:6pt;padding-right:6pt;padding-top:1.25pt;text-align:center;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:9.42%;">4/14/22
</TD><TD
style="line-height:0pt;padding-bottom:2.5pt;padding-right:6pt;padding-top:1.25pt;text-align:center;vertical-align:top;width:2.02%;">&#160;
</TD><TD
style="border-bottom:0.5pt solid #000000;color:#000000;color:#000000;font-family:Times New Roman;font-family:Times New Roman;font-size:9pt;font-size:9pt;font-style:Normal;font-style:Normal;font-weight:Normal;
font-weight:Normal;line-height:12pt;line-height:12pt;padding-bottom:2.5pt;padding-left:10.5pt;padding-right:8pt;padding-top:1.25pt;text-align:center;text-decoration:none;text-decoration:none;text-transform:none;
text-transform:none;vertical-align:bottom;white-space:nowrap;width:9.93%;">(61,250)
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="line-height:9pt;padding-bottom:2.5pt;padding-right:3pt;padding-top:2pt;text-align:left;vertical-align:bottom;width:43.07%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:2.5pt;padding-right:6pt;padding-top:2pt;text-align:left;vertical-align:top;width:2.02%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:2.5pt;padding-right:6pt;padding-top:2pt;text-align:center;vertical-align:bottom;width:10.77%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:2.5pt;padding-right:6pt;padding-top:2pt;text-align:center;vertical-align:top;width:2.02%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:2.5pt;padding-right:6pt;padding-top:2pt;text-align:center;vertical-align:bottom;width:9.42%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:2.5pt;padding-right:6pt;padding-top:2pt;text-align:center;vertical-align:top;width:2.02%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:2.5pt;padding-right:6pt;padding-top:2pt;text-align:center;vertical-align:bottom;width:9.42%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:2.5pt;padding-right:6pt;padding-top:2pt;text-align:center;vertical-align:top;width:2.02%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:2.5pt;padding-right:6pt;padding-top:2pt;text-align:center;vertical-align:bottom;width:9.42%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:2.5pt;padding-right:6pt;padding-top:2pt;text-align:center;vertical-align:top;width:2.02%;">&#160;
</TD><TD
style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Times New Roman;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-bottom:2.5pt;padding-left:6pt;padding-right:8pt;
padding-top:2pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:9.93%;">$(79,090)
</TD></TR></TABLE>
</DIV>
</DIV>
<DIV
style="margin-top:361pt;width:100%;" type="Block">
<DIV
style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;margin-top:382pt;text-align:center;text-decoration:none;text-transform:none;">The accompanying
notes are an integral part of these financial statements.</DIV>
</DIV>
<DIV
style="margin-top:0.79pt;width:100%;" type="Block">
<DIV
style="color:#000000;font-family:Times New Roman;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;text-align:center;text-decoration:none;text-transform:none;">3</DIV>
</DIV>
</DIV>
<DIV
style="clear:both;font-size:12pt;height:0pt;">
</DIV>
<HR
style="margin-bottom:0pt;">
<!--PAGE BREAK-->
<DIV
style="width:100%;">
<DIV
style="width:100%;" type="Block">
<DIV
style="color:#000000;font-family:Times New Roman;font-size:11pt;font-style:Normal;font-weight:bold;line-height:14pt;text-align:center;text-decoration:none;text-transform:none;">DUFF &amp; PHELPS UTILITY AND
INFRASTRUCTURE FUND INC.</DIV>
<DIV
style="color:#000000;font-family:Times New Roman;font-size:11pt;font-style:Normal;font-weight:bold;line-height:14pt;text-align:center;text-decoration:none;text-transform:none;">SCHEDULE OF
INVESTMENTS&#8212;(Continued)</DIV>
<DIV
style="color:#000000;font-family:Times New Roman;font-size:11pt;font-style:Normal;font-weight:bold;line-height:14pt;text-align:center;text-decoration:none;text-transform:uppercase;">January 31, 2022</DIV>
<DIV
style="color:#000000;font-family:Times New Roman;font-size:11pt;font-style:Normal;font-weight:bold;line-height:14pt;text-align:center;text-decoration:none;text-transform:none;">(Unaudited)</DIV>
</DIV>
<DIV
style="width:100%;" type="Block">
<DIV
style="text-align:left;">
<TABLE
style="border-collapse:collapse;empty-cells:show;margin-top:0pt;width:48.33%;" cellpadding="0" cellspacing="0">
<TR
style="page-break-inside:avoid;"><TD
style="border-bottom:1pt solid #000000;color:#000000;font-family:Times New Roman;font-size:8pt;font-style:Normal;font-weight:bold;line-height:11pt;padding-bottom:3pt;padding-left:0pt;padding-top:6pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:bottom;width:97.24%;" colspan="2">Sector Allocation*
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Times New Roman;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-bottom:1.25pt;padding-left:0pt;padding-right:6pt;padding-top:2.25pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:bottom;width:85.52%;">Electric, Gas and Water
</TD><TD
style="color:#000000;font-family:Times New Roman;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-bottom:1.25pt;padding-left:10.5pt;padding-top:2.25pt;text-align:center;text-decoration:none;
text-transform:none;vertical-align:bottom;width:11.72%;">53%
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Times New Roman;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-bottom:1.25pt;padding-left:0pt;padding-right:6pt;padding-top:1.25pt;text-align:justify;
text-decoration:none;text-transform:none;vertical-align:bottom;width:85.52%;">Oil &amp; Gas Storage, Transportation and Production
</TD><TD
style="color:#000000;font-family:Times New Roman;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-bottom:1.25pt;padding-left:10.5pt;padding-top:1.25pt;text-align:center;text-decoration:none;
text-transform:none;vertical-align:bottom;white-space:nowrap;width:11.72%;">21
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Times New Roman;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-bottom:1.25pt;padding-left:0pt;padding-right:6pt;padding-top:1.25pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:85.52%;">Railroads
</TD><TD
style="color:#000000;font-family:Times New Roman;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-bottom:1.25pt;padding-left:10.5pt;padding-top:1.25pt;text-align:center;text-decoration:none;
text-transform:none;vertical-align:bottom;white-space:nowrap;width:11.72%;">10
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Times New Roman;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-bottom:1.25pt;padding-left:0pt;padding-right:6pt;padding-top:1.25pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:bottom;width:85.52%;">Construction &amp; Engineering
</TD><TD
style="color:#000000;font-family:Times New Roman;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-bottom:1.25pt;padding-left:15pt;padding-top:1.25pt;text-align:center;text-decoration:none;
text-transform:none;vertical-align:bottom;white-space:nowrap;width:11.72%;">4
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Times New Roman;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-bottom:1.25pt;padding-left:0pt;padding-right:6pt;padding-top:1.25pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:85.52%;">Multi-Utilities
</TD><TD
style="color:#000000;font-family:Times New Roman;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-bottom:1.25pt;padding-left:15pt;padding-top:1.25pt;text-align:center;text-decoration:none;
text-transform:none;vertical-align:bottom;white-space:nowrap;width:11.72%;">4
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Times New Roman;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-bottom:1.25pt;padding-left:0pt;padding-right:6pt;padding-top:1.25pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:bottom;width:85.52%;">Cable &amp; Satellite
</TD><TD
style="color:#000000;font-family:Times New Roman;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-bottom:1.25pt;padding-left:15pt;padding-top:1.25pt;text-align:center;text-decoration:none;
text-transform:none;vertical-align:bottom;white-space:nowrap;width:11.72%;">2
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Times New Roman;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-bottom:1.25pt;padding-left:0pt;padding-right:6pt;padding-top:1.25pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:bottom;width:85.52%;">Airport Services
</TD><TD
style="color:#000000;font-family:Times New Roman;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-bottom:1.25pt;padding-left:15pt;padding-top:1.25pt;text-align:center;text-decoration:none;
text-transform:none;vertical-align:bottom;white-space:nowrap;width:11.72%;">2
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Times New Roman;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-bottom:1.25pt;padding-left:0pt;padding-right:6pt;padding-top:1.25pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:bottom;width:85.52%;">Money Market Mutual Fund
</TD><TD
style="color:#000000;font-family:Times New Roman;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-bottom:1.25pt;padding-left:15pt;padding-top:1.25pt;text-align:center;text-decoration:none;
text-transform:none;vertical-align:bottom;white-space:nowrap;width:11.72%;">2
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Times New Roman;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-bottom:1.25pt;padding-left:0pt;padding-right:6pt;padding-top:1.25pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:85.52%;">Telecommunications
</TD><TD
style="color:#000000;font-family:Times New Roman;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-bottom:1.25pt;padding-left:15pt;padding-top:1.25pt;text-align:center;text-decoration:none;
text-transform:none;vertical-align:bottom;white-space:nowrap;width:11.72%;">1
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Times New Roman;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-bottom:2.5pt;padding-left:0pt;padding-right:6pt;
padding-top:1.25pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:bottom;width:85.52%;">Coal &amp; Consumable Fuels
</TD><TD
style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Times New Roman;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-bottom:2.5pt;padding-left:15pt;padding-top:1.25pt;
text-align:center;text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:11.72%;">1
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Times New Roman;font-size:9pt;font-style:Normal;font-weight:bold;line-height:12pt;padding-bottom:2.5pt;padding-left:0pt;padding-right:6pt;
padding-top:2pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:85.52%;">Total
</TD><TD
style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Times New Roman;font-size:9pt;font-style:Normal;font-weight:bold;line-height:12pt;padding-bottom:2.5pt;padding-left:6pt;padding-top:2pt;
text-align:center;text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:11.72%;">100%
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="padding-bottom:6pt;padding-top:2pt;text-align:left;vertical-align:bottom;width:97.24%;" colspan="2">&#160;
</TD></TR></TABLE>
</DIV>
<DIV
style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;text-align:left;text-decoration:none;text-transform:none;">&nbsp;&nbsp;&nbsp;&nbsp;</DIV>
<DIV
style="text-align:left;">
<TABLE
style="border-collapse:collapse;empty-cells:show;margin-top:0pt;width:48.33%;" cellpadding="0" cellspacing="0">
<TR
style="page-break-inside:avoid;"><TD
style="border-bottom:1pt solid #000000;color:#000000;font-family:Times New Roman;font-size:8pt;font-style:Normal;font-weight:bold;line-height:11pt;padding-bottom:3pt;padding-left:0pt;padding-top:6pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:bottom;width:97.24%;" colspan="2">Country Weightings*
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Times New Roman;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-bottom:1.25pt;padding-left:0pt;padding-right:6pt;padding-top:2.25pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:bottom;width:85.52%;">United States
</TD><TD
style="color:#000000;font-family:Times New Roman;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-bottom:1.25pt;padding-left:10.5pt;padding-top:2.25pt;text-align:center;text-decoration:none;
text-transform:none;vertical-align:bottom;width:11.72%;">71%
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Times New Roman;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-bottom:1.25pt;padding-left:0pt;padding-right:6pt;padding-top:1.25pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:85.52%;">Spain
</TD><TD
style="color:#000000;font-family:Times New Roman;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-bottom:1.25pt;padding-left:15pt;padding-top:1.25pt;text-align:center;text-decoration:none;
text-transform:none;vertical-align:bottom;white-space:nowrap;width:11.72%;">8
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Times New Roman;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-bottom:1.25pt;padding-left:0pt;padding-right:6pt;padding-top:1.25pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:85.52%;">Canada
</TD><TD
style="color:#000000;font-family:Times New Roman;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-bottom:1.25pt;padding-left:15pt;padding-top:1.25pt;text-align:center;text-decoration:none;
text-transform:none;vertical-align:bottom;white-space:nowrap;width:11.72%;">8
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Times New Roman;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-bottom:1.25pt;padding-left:0pt;padding-right:6pt;padding-top:1.25pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:85.52%;">Portugal
</TD><TD
style="color:#000000;font-family:Times New Roman;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-bottom:1.25pt;padding-left:15pt;padding-top:1.25pt;text-align:center;text-decoration:none;
text-transform:none;vertical-align:bottom;white-space:nowrap;width:11.72%;">3
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Times New Roman;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-bottom:1.25pt;padding-left:0pt;padding-right:6pt;padding-top:1.25pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:bottom;width:85.52%;">United Kingdom
</TD><TD
style="color:#000000;font-family:Times New Roman;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-bottom:1.25pt;padding-left:15pt;padding-top:1.25pt;text-align:center;text-decoration:none;
text-transform:none;vertical-align:bottom;white-space:nowrap;width:11.72%;">2
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Times New Roman;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-bottom:1.25pt;padding-left:0pt;padding-right:6pt;padding-top:1.25pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:85.52%;">Italy
</TD><TD
style="color:#000000;font-family:Times New Roman;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-bottom:1.25pt;padding-left:15pt;padding-top:1.25pt;text-align:center;text-decoration:none;
text-transform:none;vertical-align:bottom;white-space:nowrap;width:11.72%;">2
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Times New Roman;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-bottom:1.25pt;padding-left:0pt;padding-right:6pt;padding-top:1.25pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:85.52%;">Denmark
</TD><TD
style="color:#000000;font-family:Times New Roman;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-bottom:1.25pt;padding-left:15pt;padding-top:1.25pt;text-align:center;text-decoration:none;
text-transform:none;vertical-align:bottom;white-space:nowrap;width:11.72%;">2
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Times New Roman;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-bottom:1.25pt;padding-left:0pt;padding-right:6pt;padding-top:1.25pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:85.52%;">Germany
</TD><TD
style="color:#000000;font-family:Times New Roman;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-bottom:1.25pt;padding-left:15pt;padding-top:1.25pt;text-align:center;text-decoration:none;
text-transform:none;vertical-align:bottom;white-space:nowrap;width:11.72%;">2
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Times New Roman;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-bottom:2.5pt;padding-left:0pt;padding-right:6pt;
padding-top:1.25pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:85.52%;">France
</TD><TD
style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Times New Roman;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-bottom:2.5pt;padding-left:15pt;padding-top:1.25pt;
text-align:center;text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:11.72%;">2
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Times New Roman;font-size:9pt;font-style:Normal;font-weight:bold;line-height:12pt;padding-bottom:2.5pt;padding-left:0pt;padding-right:6pt;
padding-top:2pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:85.52%;">Total
</TD><TD
style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Times New Roman;font-size:9pt;font-style:Normal;font-weight:bold;line-height:12pt;padding-bottom:2.5pt;padding-left:6pt;padding-top:2pt;
text-align:center;text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:11.72%;">100%
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="padding-bottom:6pt;padding-top:2pt;text-align:left;vertical-align:bottom;width:97.24%;" colspan="2">&#160;
</TD></TR></TABLE>
</DIV>
<DIV
style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;text-align:left;text-decoration:none;text-transform:none;">&nbsp;&nbsp;&nbsp;&nbsp;</DIV>
<DIV
style="text-align:left;">
<TABLE
style="border-collapse:collapse;empty-cells:show;margin-top:0pt;width:48.33%;" cellpadding="0" cellspacing="0">
<TR
style="page-break-inside:avoid;"><TD
style="border-bottom:1pt solid #000000;color:#000000;font-family:Times New Roman;font-size:8pt;font-style:Normal;font-weight:bold;line-height:11pt;padding-bottom:3pt;padding-left:0pt;padding-top:6pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:bottom;width:97.24%;" colspan="2">Currency Exposure*
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Times New Roman;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-bottom:1.25pt;padding-left:0pt;padding-right:6pt;padding-top:2.25pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:bottom;width:85.52%;">United States Dollar
</TD><TD
style="color:#000000;font-family:Times New Roman;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-bottom:1.25pt;padding-left:10.5pt;padding-top:2.25pt;text-align:center;text-decoration:none;
text-transform:none;vertical-align:bottom;width:11.72%;">71%
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Times New Roman;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-bottom:1.25pt;padding-left:0pt;padding-right:6pt;padding-top:1.25pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:85.52%;">Euro
</TD><TD
style="color:#000000;font-family:Times New Roman;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-bottom:1.25pt;padding-left:10.5pt;padding-top:1.25pt;text-align:center;text-decoration:none;
text-transform:none;vertical-align:bottom;white-space:nowrap;width:11.72%;">16
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Times New Roman;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-bottom:1.25pt;padding-left:0pt;padding-right:6pt;padding-top:1.25pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:bottom;width:85.52%;">Canadian Dollar
</TD><TD
style="color:#000000;font-family:Times New Roman;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-bottom:1.25pt;padding-left:15pt;padding-top:1.25pt;text-align:center;text-decoration:none;
text-transform:none;vertical-align:bottom;white-space:nowrap;width:11.72%;">8
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Times New Roman;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-bottom:1.25pt;padding-left:0pt;padding-right:6pt;padding-top:1.25pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:bottom;width:85.52%;">United Kingdom Pound Sterling
</TD><TD
style="color:#000000;font-family:Times New Roman;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-bottom:1.25pt;padding-left:15pt;padding-top:1.25pt;text-align:center;text-decoration:none;
text-transform:none;vertical-align:bottom;white-space:nowrap;width:11.72%;">2
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Times New Roman;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-bottom:1.25pt;padding-left:0pt;padding-right:6pt;padding-top:1.25pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:bottom;width:85.52%;">Danish Krone
</TD><TD
style="color:#000000;font-family:Times New Roman;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-bottom:1.25pt;padding-left:15pt;padding-top:1.25pt;text-align:center;text-decoration:none;
text-transform:none;vertical-align:bottom;white-space:nowrap;width:11.72%;">2
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Times New Roman;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-bottom:2.5pt;padding-left:0pt;padding-right:6pt;
padding-top:1.25pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:bottom;width:85.52%;">Swiss Franc
</TD><TD
style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Times New Roman;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-bottom:2.5pt;padding-left:15pt;padding-top:1.25pt;
text-align:center;text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:11.72%;">1
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Times New Roman;font-size:9pt;font-style:Normal;font-weight:bold;line-height:12pt;padding-bottom:2.5pt;padding-left:0pt;padding-right:6pt;
padding-top:2pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:85.52%;">Total
</TD><TD
style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Times New Roman;font-size:9pt;font-style:Normal;font-weight:bold;line-height:12pt;padding-bottom:2.5pt;padding-left:6pt;padding-top:2pt;
text-align:center;text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:11.72%;">100%
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="padding-bottom:6pt;padding-top:2pt;text-align:left;vertical-align:bottom;width:97.24%;" colspan="2">&#160;
</TD></TR></TABLE>
</DIV>
</DIV>
<DIV
style="margin-top:9pt;width:100%;" type="Block">
<DIV
style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;margin-top:6pt;padding-left:9.1168pt;text-align:left;text-decoration:none;text-indent:-9.1168pt;
text-transform:none;">*&nbsp;Percentages are based on total investments before written options rather than net assets applicable to common stock.</DIV>
</DIV>
<DIV
style="margin-top:27pt;width:100%;" type="Block">
<DIV
style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;text-align:center;text-decoration:none;text-transform:none;">The accompanying notes are an integral
part of these financial statements.</DIV>
</DIV>
<DIV
style="margin-top:0.79pt;width:100%;" type="Block">
<DIV
style="color:#000000;font-family:Times New Roman;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;text-align:center;text-decoration:none;text-transform:none;">4</DIV>
</DIV>
</DIV>
<DIV
style="clear:both;font-size:12pt;height:0pt;">
</DIV>
<HR
style="margin-bottom:0pt;">
<!--PAGE BREAK-->
<DIV
style="width:100%;">
<DIV
style="width:100%;" type="Block">
<DIV
style="color:#000000;font-family:Times New Roman;font-size:11pt;font-style:Normal;font-weight:bold;line-height:14pt;text-align:center;text-decoration:none;text-transform:none;">DUFF &amp; PHELPS UTILITY AND
INFRASTRUCTURE FUND INC.</DIV>
<DIV
style="color:#000000;font-family:Times New Roman;font-size:11pt;font-style:Normal;font-weight:bold;line-height:14pt;text-align:center;text-decoration:none;text-transform:none;">SCHEDULE OF
INVESTMENTS&#8212;(Continued)</DIV>
<DIV
style="color:#000000;font-family:Times New Roman;font-size:11pt;font-style:Normal;font-weight:bold;line-height:14pt;text-align:center;text-decoration:none;text-transform:uppercase;">January 31, 2022</DIV>
<DIV
style="color:#000000;font-family:Times New Roman;font-size:11pt;font-style:Normal;font-weight:bold;line-height:14pt;text-align:center;text-decoration:none;text-transform:none;">(Unaudited)</DIV>
</DIV>
<DIV
style="width:100%;" type="Block">
<DIV
style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:Normal;font-weight:bold;line-height:13pt;margin-top:6pt;text-align:left;text-decoration:none;text-transform:none;">Note 1. Investment
Valuation</DIV>
<DIV
style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;margin-top:6pt;text-align:justify;text-decoration:none;text-transform:none;">The Fund&#8217;s
investments are carried at fair value which is defined as the price that the Fund might reasonably expect to receive upon selling an investment in a timely transaction to an independent buyer in the principal or most
advantageous market of the investment. The three-tier hierarchy of inputs established to classify fair value measurements for disclosure purposes is summarized in the three broad levels listed below:</DIV>
<DIV
style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;margin-top:2pt;text-align:left;text-decoration:none;text-transform:none;">Level 1&#8212;quoted
prices in active markets for identical securities</DIV>
<DIV
style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;margin-top:2pt;text-align:left;text-decoration:none;text-transform:none;">Level 2&#8212;other
significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risks, etc.)</DIV>
<DIV
style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;margin-top:2pt;text-align:left;text-decoration:none;text-transform:none;">Level 3&#8212;significant
unobservable inputs (including the Fund&#8217;s own assumptions in determining fair value of investments)</DIV>
<DIV
style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;margin-top:6pt;text-align:justify;text-decoration:none;text-transform:none;">The inputs or
methodology used for valuing securities are not necessarily an indication of the risk associated with investing in these securities. For more information about the Fund&#8217;s policy regarding valuation of
investments and other significant accounting policies, please refer to the Fund&#8217;s most recent financial statements contained in its annual report. The following is a summary of the inputs used to value each of
the Fund&#8217;s investments at January 31, 2022:</DIV>
<DIV
style="text-align:center;">
<TABLE
style="border-collapse:collapse;empty-cells:show;margin-left:auto;margin-right:auto;margin-top:0pt;width:100%;" cellpadding="0" cellspacing="0">
<TR
style="page-break-inside:avoid;"><TD
style="line-height:8pt;padding-bottom:3pt;padding-right:6pt;padding-top:6pt;text-align:left;vertical-align:bottom;width:77.84%;">&#160;
</TD><TD
style="border-bottom:1pt solid #000000;color:#000000;font-family:Times New Roman;font-size:8pt;font-style:Normal;font-weight:bold;line-height:11pt;padding-bottom:3pt;padding-left:6pt;padding-right:6pt;padding-top:6pt;
text-align:center;text-decoration:none;text-transform:none;vertical-align:bottom;width:11.67%;">Level 1
</TD><TD
style="line-height:0pt;padding-bottom:3pt;padding-right:6pt;padding-top:6pt;text-align:center;vertical-align:top;width:2.00%;">&#160;
</TD><TD
style="border-bottom:1pt solid #000000;color:#000000;font-family:Times New Roman;font-size:8pt;font-style:Normal;font-weight:bold;line-height:11pt;padding-bottom:3pt;padding-left:6pt;padding-top:6pt;text-align:center;
text-decoration:none;text-transform:none;vertical-align:bottom;width:9.83%;">Level 2
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Times New Roman;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-bottom:1.25pt;padding-left:0pt;padding-right:6pt;padding-top:2.25pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:bottom;width:77.84%;"><DIV
style="float:left;">Common stocks &amp; MLP interests</DIV><HR
style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-5pt;margin-top:5pt;padding-top:3pt;vertical-align:auto;"
noshade="noshade">
</TD><TD
style="color:#000000;font-family:Times New Roman;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-bottom:1.25pt;padding-left:6pt;padding-right:6pt;padding-top:2.25pt;text-align:center;
text-decoration:none;text-transform:none;vertical-align:bottom;width:11.67%;">$721,516,556
</TD><TD
style="line-height:0pt;padding-bottom:1.25pt;padding-right:6pt;padding-top:2.25pt;text-align:center;vertical-align:top;width:2.00%;">&#160;
</TD><TD
style="color:#000000;font-family:Times New Roman;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-bottom:1.25pt;padding-left:6pt;padding-top:2.25pt;text-align:center;text-decoration:none;
text-transform:none;vertical-align:bottom;width:9.83%;">$<FONT
style="padding-left:18.74pt;"></FONT>&#8212;
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Times New Roman;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-bottom:2.5pt;padding-left:0pt;padding-right:6pt;padding-top:1.25pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:bottom;width:77.84%;"><DIV
style="float:left;">Money market mutual fund</DIV><HR
style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-5pt;margin-top:5pt;padding-top:3pt;vertical-align:auto;"
noshade="noshade">
</TD><TD
style="border-bottom:0.5pt solid #000000;color:#000000;color:#000000;font-family:Times New Roman;font-family:Times New Roman;font-size:9pt;font-size:9pt;font-style:Normal;font-style:Normal;font-weight:Normal;
font-weight:Normal;line-height:12pt;line-height:12pt;padding-bottom:2.5pt;padding-left:15pt;padding-right:6pt;padding-top:1.25pt;text-align:center;text-decoration:none;text-decoration:none;text-transform:none;
text-transform:none;vertical-align:bottom;white-space:nowrap;width:11.67%;">11,493,473
</TD><TD
style="line-height:0pt;padding-bottom:2.5pt;padding-right:6pt;padding-top:1.25pt;text-align:center;vertical-align:top;width:2.00%;">&#160;
</TD><TD
style="border-bottom:0.5pt solid #000000;color:#000000;color:#000000;font-family:Times New Roman;font-family:Times New Roman;font-size:9pt;font-size:9pt;font-style:Normal;font-style:Normal;font-weight:Normal;
font-weight:Normal;line-height:12pt;line-height:12pt;padding-bottom:2.5pt;padding-left:29.24pt;padding-top:1.25pt;text-align:center;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;
vertical-align:bottom;white-space:nowrap;width:9.83%;">&#8212;
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Times New Roman;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-bottom:1.25pt;padding-left:0pt;padding-right:6pt;padding-top:2pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:bottom;width:77.84%;"><DIV
style="float:left;">Total investments before written options</DIV><HR
style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-5pt;margin-top:5pt;padding-top:3pt;vertical-align:auto;"
noshade="noshade">
</TD><TD
style="color:#000000;font-family:Times New Roman;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-bottom:1.25pt;padding-left:6pt;padding-right:6pt;padding-top:2pt;text-align:center;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:11.67%;">$733,010,029
</TD><TD
style="line-height:0pt;padding-bottom:1.25pt;padding-right:6pt;padding-top:2pt;text-align:center;vertical-align:top;width:2.00%;">&#160;
</TD><TD
style="color:#000000;font-family:Times New Roman;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-bottom:1.25pt;padding-left:6pt;padding-top:2pt;text-align:center;text-decoration:none;
text-transform:none;vertical-align:bottom;width:9.83%;">$<FONT
style="padding-left:18.74pt;"></FONT>&#8212;
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Times New Roman;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-bottom:2.5pt;padding-left:0pt;padding-right:6pt;padding-top:1.25pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:bottom;width:77.84%;"><DIV
style="float:left;">Written options</DIV><HR
style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-5pt;margin-top:5pt;padding-top:3pt;vertical-align:auto;"
noshade="noshade">
</TD><TD
style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Times New Roman;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-bottom:2.5pt;padding-left:27.76pt;padding-right:6pt;
padding-top:1.25pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:11.67%;">(61,250)
</TD><TD
style="line-height:0pt;padding-bottom:2.5pt;padding-right:6pt;padding-top:1.25pt;text-align:center;vertical-align:top;width:2.00%;">&#160;
</TD><TD
style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Times New Roman;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-bottom:2.5pt;padding-left:10.5pt;padding-top:1.25pt;
text-align:center;text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:9.83%;">(17,840)
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Times New Roman;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-bottom:1.38pt;padding-left:0pt;padding-right:6pt;padding-top:2pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:bottom;width:77.84%;"><DIV
style="float:left;">Total investments after written options </DIV><HR
style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-5pt;margin-top:5pt;padding-top:3pt;vertical-align:auto;"
noshade="noshade">
</TD><TD
style="border-bottom:medium double #000000;color:#000000;font-family:Times New Roman;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-bottom:1.38pt;padding-left:6pt;padding-right:6pt;
padding-top:2pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:11.67%;">$732,948,779
</TD><TD
style="line-height:0pt;padding-bottom:1.38pt;padding-right:6pt;padding-top:2pt;text-align:center;vertical-align:top;width:2.00%;">&#160;
</TD><TD
style="border-bottom:medium double #000000;color:#000000;font-family:Times New Roman;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-bottom:1.38pt;padding-left:6pt;padding-top:2pt;
text-align:center;text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:9.83%;">$(17,840)
</TD></TR></TABLE>
</DIV>
<DIV
style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;margin-top:6pt;text-align:left;text-decoration:none;text-transform:none;">There were no Level 3
priced securities held and there were no transfers into or out of Level 3.</DIV>
<DIV
style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;margin-top:6pt;text-align:left;text-decoration:none;text-transform:none;">Other information
regarding the Fund is available on the Fund&#8217;s website <FONT
style="color:#0000FF;text-decoration:underline;">www.dpimc.com/dpg</FONT> or the Securities and Exchange Commission&#8217;s website at <FONT
style="color:#0000FF;text-decoration:underline;">www.sec.gov</FONT>.</DIV>
</DIV>
<DIV
style="width:100%;" type="Block">
</DIV>
<DIV
style="margin-top:135pt;width:100%;" type="Block">
<DIV
style="color:#000000;font-family:Times New Roman;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;margin-top:153pt;text-align:center;text-decoration:none;text-transform:none;">5</DIV>
</DIV>
</DIV>
<DIV
style="clear:both;font-size:12pt;height:0pt;">
</DIV>
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</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
