| Shares | Description | Value | ||
| COMMON STOCKS – 73.0% | ||||
| Construction & Engineering – 0.7% | ||||
| 18,900 | Quanta Services, Inc. | $1,929,690 | ||
| Electric Utilities – 17.5% | ||||
| 58,000 | Alliant Energy Corp. (a) | 3,525,820 | ||
| 31,860 | American Electric Power Co., Inc. | 2,853,700 | ||
| 21,000 | Duke Energy Corp. | 2,197,860 | ||
| 7,900 | Emera, Inc. (CAD) | 372,943 | ||
| 383,230 | Enel S.p.A., ADR | 3,464,399 | ||
| 9,800 | Eversource Energy | 889,154 | ||
| 135,000 | Exelon Corp. (b) | 6,617,700 | ||
| 8,100 | Fortis, Inc. (CAD) (a) | 371,086 | ||
| 71,000 | Iberdrola S.A., ADR | 3,530,120 | ||
| 32,800 | IDACORP, Inc. | 3,455,480 | ||
| 24,930 | NextEra Energy, Inc. | 2,093,871 | ||
| 16,780 | Orsted A/S, ADR | 892,360 | ||
| 198,480 | PPL Corp. | 5,825,388 | ||
| 157,390 | Southern (The) Co. | 10,345,245 | ||
| 27,600 | Xcel Energy, Inc. (a) | 1,897,500 | ||
| 48,332,626 | ||||
| Gas Utilities – 10.9% | ||||
| 494,960 | AltaGas Ltd. (CAD) (a) | 9,913,715 | ||
| 85,150 | Atmos Energy Corp. (a) | 8,302,976 | ||
| 45,120 | New Jersey Resources Corp. (a) | 1,684,781 | ||
| 46,900 | ONE Gas, Inc. | 3,368,358 | ||
| 147,060 | UGI Corp. | 6,810,349 | ||
| 30,080,179 | ||||
| Independent Power & Renewable Electricity Producers – 1.3% | ||||
| 35,340 | AES (The) Corp. | 843,566 | ||
| 61,100 | Clearway Energy, Inc., Class A | 1,817,114 | ||
| 38,800 | EDP Renovaveis S.A. (EUR) | 1,031,711 | ||
| 3,692,391 | ||||
| Multi-Utilities – 15.4% | ||||
| 25,000 | ATCO Ltd., Class I (CAD) | 841,160 | ||
| 19,460 | Black Hills Corp. | 1,368,622 | ||
| 204,100 | CenterPoint Energy, Inc. (a) | 5,120,869 | ||
| 41,890 | CMS Energy Corp. (b) | 2,686,406 | ||
| 22,800 | Dominion Energy, Inc. | 1,774,752 | ||
| 32,810 | DTE Energy Co. (a) | 3,948,356 | ||
| 192,070 | Public Service Enterprise Group, Inc. (b) | 12,280,956 | ||
| 106,070 | Sempra Energy | 14,039,425 | ||
| 5,840 | WEC Energy Group, Inc. | 551,763 | ||
| 42,612,309 | ||||
| Oil, Gas & Consumable Fuels – 26.7% | ||||
| 41,950 | Cheniere Energy, Inc. (c) | 3,668,947 | ||
| 43,155 | DT Midstream, Inc. (a) | 2,005,413 | ||
| 222,596 | Enbridge, Inc. | 8,750,249 | ||
| 208,340 | Equitrans Midstream Corp. (a) | 1,818,808 | ||
| 146,370 | Keyera Corp. (CAD) (a) | 3,524,528 | ||
| 535,595 | Kinder Morgan, Inc. (a) | 8,714,130 | ||
| 133,784 | ONEOK, Inc. (a) | 7,026,336 | ||
| 442,379 | TC Energy Corp. (a) | 21,004,155 | ||
| Shares | Description | Value | ||
| COMMON STOCKS (Continued) | ||||
| Oil, Gas & Consumable Fuels (Continued) | ||||
| 703,652 | Williams (The) Cos., Inc. (a) | $17,373,168 | ||
| 73,885,734 | ||||
| Semiconductors & Semiconductor Equipment – 0.1% | ||||
| 2,000 | Enphase Energy, Inc. (c) | 347,460 | ||
| Water Utilities – 0.4% | ||||
| 5,500 | American Water Works Co., Inc. | 1,002,375 | ||
Total Common Stocks | 201,882,764 | |||
| (Cost $165,613,335) | ||||
| Units | Description | Value | ||
| MASTER LIMITED PARTNERSHIPS – 54.0% | ||||
| Chemicals – 3.6% | ||||
| 380,198 | Westlake Chemical Partners, L.P. (a) | 9,900,356 | ||
| Gas Utilities – 0.9% | ||||
| 165,600 | Suburban Propane Partners, L.P. (a) | 2,522,088 | ||
| Independent Power & Renewable Electricity Producers – 2.6% | ||||
| 88,261 | NextEra Energy Partners, L.P. (a) (d) | 7,054,702 | ||
| Oil, Gas & Consumable Fuels – 46.9% | ||||
| 381,807 | Cheniere Energy Partners, L.P. (a) | 15,589,180 | ||
| 1,320,767 | Energy Transfer, L.P. (a) | 12,283,133 | ||
| 1,420,406 | Enterprise Products Partners, L.P. (a) | 31,618,237 | ||
| 107,800 | Hess Midstream, L.P., Class A (d) | 2,774,772 | ||
| 430,286 | Holly Energy Partners, L.P. (a) | 8,003,320 | ||
| 705,674 | Magellan Midstream Partners, L.P. (a) | 34,726,217 | ||
| 1,277,921 | Plains All American Pipeline, L.P. (a) | 11,923,003 | ||
| 674,588 | Shell Midstream Partners, L.P. (a) | 8,209,736 | ||
| 323,850 | Teekay LNG Partners, L.P. (d) | 4,501,515 | ||
| 129,629,113 | ||||
Total Master Limited Partnerships | 149,106,259 | |||
| (Cost $75,322,327) | ||||
Total Investments – 127.0% | 350,989,023 | |||
| (Cost $240,935,662) (e) | ||||
| Number of Contracts | Description | Notional Amount | Exercise Price | Expiration Date | Value | |||||
| CALL OPTIONS WRITTEN – (0.0)% | ||||||||||
| (418) | CMS Energy Corp. | $(2,680,634) | $65.00 | 09/17/21 | (16,720) | |||||
| (1,350) | Exelon Corp. | (6,617,700) | 50.00 | 09/17/21 | (51,300) | |||||
| (1,920) | Public Service Enterprise Group, Inc. | (12,276,480) | 65.00 | 09/17/21 | (63,360) | |||||
Total Call Options Written | (131,380) | |||||||||
| (Premiums received $149,748) | ||||||||||
Outstanding Loan – (25.6)% |
(70,700,000) | ||
Net Other Assets and Liabilities – (1.4)% |
(3,725,659) | ||
Net Assets – 100.0% |
$276,431,984 |
| (a) | All or a portion of this security serves as collateral on the outstanding loan. |
| (b) | All or a portion of this security’s position represents cover for outstanding options written. |
| (c) | Non-income producing security. |
| (d) | This security is taxed as a “C” corporation for federal income tax purposes. |
| (e) | Aggregate cost for federal income tax purposes was $219,493,264. As of August 31, 2021, the aggregate gross unrealized appreciation for all investments in which there was an excess of value over tax cost was $131,938,889 and the aggregate gross unrealized depreciation for all investments in which there was an excess of tax cost over value was $574,510. The net unrealized appreciation was $131,364,379. The unrealized amounts presented are inclusive of derivative contracts. |
| ADR | American Depositary Receipt |
| CAD | Canadian Dollar |
| EUR | Euro |
| • | Level 1 – Level 1 inputs are quoted prices in active markets for identical investments. |
| • | Level 2 – Level 2 inputs are observable inputs, either directly or indirectly. (Quoted prices for similar investments, valuations based on interest rates and yield curves, or valuations derived from observable market data.) |
| • | Level 3 – Level 3 inputs are unobservable inputs that may reflect the reporting entity’s own assumptions about the assumptions that market participants would use in pricing the investment. |
| ASSETS TABLE | ||||
| Total Value at 8/31/2021 | Level 1 Quoted Prices | Level 2 Significant Observable Inputs | Level 3 Significant Unobservable Inputs | |
Common Stocks* | $ 201,882,764 | $ 201,882,764 | $ — | $ — |
Master Limited Partnerships* | 149,106,259 | 149,106,259 | — | — |
Total Investments | $ 350,989,023 | $ 350,989,023 | $— | $— |
| LIABILITIES TABLE | ||||
| Total Value at 8/31/2021 | Level 1 Quoted Prices | Level 2 Significant Observable Inputs | Level 3 Significant Unobservable Inputs | |
Call Options Written | $ (131,380) | $ (131,380) | $ — | $ — |
| * | See Portfolio of Investments for industry breakout. |