0001752724-23-214297.txt : 20230925 0001752724-23-214297.hdr.sgml : 20230925 20230925164951 ACCESSION NUMBER: 0001752724-23-214297 CONFORMED SUBMISSION TYPE: NPORT-P PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20230731 FILED AS OF DATE: 20230925 DATE AS OF CHANGE: 20230925 PERIOD START: 20231031 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: 231276359 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 NPORT-P 1 primary_doc.xml NPORT-P false 0001515671 XXXXXXXX Duff & Phelps Utility & Infrastructure Fund Inc. 811-22533 0001515671 549300SY2NYDO23RIE89 200 S. Wacker Dr Suite 500 Chicago 60606-5802 866-270-7598 Duff & Phelps Utility & Infrastructure Fund Inc. 549300SY2NYDO23RIE89 2023-10-31 2023-07-31 N 609086460.30 171301149.44 437785310.86 0.00000000 0.00000000 135000000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 35000000.00000000 8214800.29000000 N Duke Energy Corp I1BZKREC126H0VB1BL91 Duke Energy Corp 26441C204 214300.00000000 NS USD 20062766.00000000 4.582786471430 Long EC CORP US N 1 N N N EnLink Midstream LLC 54930000GY1H533OBE23 EnLink Midstream LLC 29336T100 514000.00000000 NS USD 5962400.00000000 1.361946107393 Long EC CORP US N 1 N N N AT&T Inc 549300Z40J86GGSTL398 AT&T Inc 00206R102 262000.00000000 NS USD 3804240.00000000 0.868973879577 Long EC CORP US N 1 N N N Enterprise Products Partners L K4CDIF4M54DJZ6TB4Q48 Enterprise Products Partners LP 293792107 754000.00000000 NS USD 19988540.00000000 4.565831585517 Long EC CORP US N 1 N N N Crown Castle Inc 54930012H97VSM0I2R19 Crown Castle Inc 22822V101 39000.00000000 NS USD 4223310.00000000 0.964698882130 Long EC CORP US N 1 N N N Atmos Energy Corp QVLWEGTD2S8GJMO8D383 Atmos Energy Corp 049560105 111800.00000000 NS USD 13607178.00000000 3.108185145195 Long EC CORP US N 1 N N N EDP - Energias de Portugal SA 529900CLC3WDMGI9VH80 EDP - Energias de Portugal SA 000000000 1519000.00000000 NS 7098097.12000000 1.621364843433 Long EC CORP PT N 1 N N N APA Group N/A APA Group 000000000 2340225.00000000 NS 15719291.33000000 3.590639279129 Long EC CORP AU N 1 N N N Ameren Corp XRZQ5S7HYJFPHJ78L959 Ameren Corp 023608102 235660.00000000 NS USD 20188992.20000000 4.611619371225 Long EC CORP US N 1 N N N WEC Energy Group Inc 549300IGLYTZUK3PVP70 WEC Energy Group Inc 92939U106 196300.00000000 NS USD 17639518.00000000 4.029262189119 Long EC CORP US N 1 N N N Orsted AS W9NG6WMZIYEU8VEDOG48 Orsted AS 000000000 75000.00000000 NS 6542331.87000000 1.494415574873 Long EC CORP DK N 1 N N N Iberdrola SA 5QK37QC7NWOJ8D7WVQ45 Iberdrola SA 000000000 691000.00000000 NS 8627012.35000000 1.970603429578 Long EC CORP ES N 1 N N N MPLX LP 5493000CZJ19CK4P3G36 MPLX LP 55336V100 556575.00000000 NS USD 19763978.25000000 4.514536636959 Long EC CORP US N 1 N N N DTE Energy Co 549300IX8SD6XXD71I78 DTE Energy Co 233331107 206000.00000000 NS USD 23545800.00000000 5.378389684602 Long EC CORP US N 1 N N N Entergy Corp 4XM3TW50JULSLG8BNC79 Entergy Corp 29364G103 110000.00000000 NS USD 11297000.00000000 2.580488591041 Long EC CORP US N 1 N N N CenterPoint Energy Inc 21TPXMRRHFKOBHDC8J74 CenterPoint Energy Inc 15189T107 674000.00000000 NS USD 20280660.00000000 4.632558356094 Long EC CORP US N 1 N N N Xcel Energy Inc LGJNMI9GH8XIDG5RCM61 Xcel Energy Inc 98389B100 245300.00000000 NS USD 15387669.00000000 3.514889288946 Long EC CORP US N 1 N N N PG&E Corp 8YQ2GSDWYZXO2EDN3511 PG&E Corp 69331C108 939000.00000000 NS USD 16535790.00000000 3.777145918285 Long EC CORP US N 1 N N N Cheniere Energy Inc MIHC87W9WTYSYZWV1J40 Cheniere Energy Inc 16411R208 138000.00000000 NS USD 22336680.00000000 5.102199513300 Long EC CORP US N 1 N N N PPL Corp 9N3UAJSNOUXFKQLF3V18 PPL Corp 69351T106 530235.00000000 NS USD 14597369.55000000 3.334367140214 Long EC CORP US N 1 N N N Union Pacific Corp 549300LMMRSZZCZ8CL11 Union Pacific Corp 907818108 45000.00000000 NS USD 10440900.00000000 2.384936118457 Long EC CORP US N 1 N N N Canadian Pacific Kansas City L N/A Canadian Pacific Kansas City Ltd 13646K108 201000.00000000 NS 16538505.29000000 3.777766151520 Long EC CORP CA N 1 N N N Sempra PBBKGKLRK5S5C0Y4T545 Sempra 816851109 78200.00000000 NS USD 11653364.00000000 2.661890134483 Long EC CORP US N 1 N N N Emera Inc NQZVQT2P5IUF2PGA1Q48 Emera Inc 290876101 236200.00000000 NS 9581267.21000000 2.188576677270 Long EC CORP CA N 1 N N N Atlas Arteria Ltd 254900SGF4ZQDBH2YC59 Atlas Arteria Ltd 000000000 4762445.00000000 NS 20089307.44000000 4.588849132588 Long EC CORP AU N 1 N N N American Electric Power Co Inc 1B4S6S7G0TW5EE83BO58 American Electric Power Co Inc 025537101 134810.00000000 NS USD 11423799.40000000 2.609452422594 Long EC CORP US N 1 N N N Canadian National Railway Co 3SU7BEP7TH9YEQOZCS77 Canadian National Railway Co 136375102 59770.00000000 NS 7245013.31000000 1.654923801752 Long EC CORP CA N 1 N N N Plains All American Pipeline L 5521FA2ITF25TVH63740 Plains All American Pipeline LP 726503105 600000.00000000 NS USD 8928000.00000000 2.039355770631 Long EC CORP US N 1 N N N Public Service Enterprise Grou PUSS41EMO3E6XXNV3U28 Public Service Enterprise Group Inc 744573106 189000.00000000 NS USD 11929680.00000000 2.725006916418 Long EC CORP US N 1 N N N Evergy Inc 549300PGTHDQY6PSUI61 Evergy Inc 30034W106 101500.00000000 NS USD 6086955.00000000 1.390397267565 Long EC CORP US N 1 N N N Severn Trent PLC 213800RPBXRETY4A4C59 Severn Trent PLC 000000000 175000.00000000 NS 5735932.82000000 1.310215915817 Long EC CORP GB N 1 N N N RWE AG 529900GB7KCA94ACC940 RWE AG 000000000 254000.00000000 NS 10927952.49000000 2.496189848977 Long EC CORP DE N 1 N N N Williams Cos Inc/The D71FAKCBLFS2O0RBPG08 Williams Cos Inc/The 969457100 434147.00000000 NS USD 14956364.15000000 3.416369571792 Long EC CORP US N 1 N N N NiSource Inc 549300D8GOWWH0SJB189 NiSource Inc 65473P105 400000.00000000 NS USD 11136000.00000000 2.543712574120 Long EC CORP US N 1 N N N Edison International 549300I7ROF15MAEVP56 Edison International 281020107 125600.00000000 NS USD 9038176.00000000 2.064522444173 Long EC CORP US N 1 N N N American Tower Corp 5493006ORUSIL88JOE18 American Tower Corp 03027X100 32500.00000000 NS USD 6185075.00000000 1.412810079865 Long EC CORP US N 1 N N N Pembina Pipeline Corp 5493002W3L9YICM6FU21 Pembina Pipeline Corp 706327103 213265.00000000 NS 6752219.13000000 1.542358540247 Long EC CORP CA N 1 N N N DT Midstream Inc N/A DT Midstream Inc 23345M107 202000.00000000 NS USD 10811040.00000000 2.469484409781 Long EC CORP US N 1 N N N OGE Energy Corp CE5OG6JPOZMDSA0LAQ19 OGE Energy Corp 670837103 333117.00000000 NS USD 12042179.55000000 2.750704340980 Long EC CORP US N 1 N N N NextEra Energy Inc N/A NextEra Energy Inc 65339F101 423000.00000000 NS USD 31005900.00000000 7.082444118349 Long EC CORP US N 1 N N N CMS Energy Corp 549300IA9XFBAGNIBW29 CMS Energy Corp 125896100 297000.00000000 NS USD 18137790.00000000 4.143078707773 Long EC CORP US N 1 N N N Targa Resources Corp 5493003QENHHS261UR94 Targa Resources Corp 87612G101 238000.00000000 NS USD 19513620.00000000 4.457349188273 Long EC CORP US N 1 N N N Alliant Energy Corp 5493009ML300G373MZ12 Alliant Energy Corp 018802108 289990.00000000 NS USD 15584062.60000000 3.559749999237 Long EC CORP US N 1 N N N Energy Transfer LP MTLVN9N7JE8MIBIJ1H73 Energy Transfer LP 29273V100 1914185.00000000 NS USD 25439518.65000000 5.810957567312 Long EC CORP US N 1 N N N 2023-09-25 Duff & Phelps Utility and Infrastructure Fund Inc. Amy Hackett Amy Hackett Vice President and Assistant Treasurer XXXX NPORT-EX 2 VIPHG20VIRTUS093023.htm
DUFF & PHELPS UTILITY AND INFRASTRUCTURE FUND INC.
SCHEDULE OF INVESTMENTS July 31, 2023
(Unaudited)
Shares   Description   Value
Common Stocks & MLP Interests—136.7%
    ■ Electric, Gas and Water—80.5%
289,990  
Alliant Energy Corp.
  $15,584,063
235,660  
Ameren Corp. (1)
  20,188,992
134,810  
American Electric Power Co., Inc. (1)
  11,423,799
2,340,225  
APA Group (Australia)(1)
  15,719,291
111,800  
Atmos Energy Corp. (1)
  13,607,178
674,000  
CenterPoint Energy, Inc. (1)
  20,280,660
297,000  
CMS Energy Corp. (1)
  18,137,790
206,000  
DTE Energy Co. (1)
  23,545,800
214,300  
Duke Energy Corp. (1)
  20,062,766
125,600  
Edison International (1)
  9,038,176
1,519,000  
EDP - Energias de Portugal S.A. (Portugal)(1)
  7,098,097
236,200  
Emera, Inc. (Canada)
  9,581,267
110,000  
Entergy Corp. (1)
  11,297,000
101,500  
Evergy, Inc. (1)
  6,086,955
691,000  
Iberdrola S.A. (Spain)(1)
  8,627,012
423,000  
NextEra Energy, Inc. (1)
  31,005,900
333,117  
OGE Energy Corp. (1)
  12,042,180
75,000  
Orsted AS (Denmark)(1)
  6,542,332
939,000  
PG&E Corp. (1)(2)
  16,535,790
530,235  
PPL Corp. (1)
  14,597,370
189,000  
Public Service Enterprise Group, Inc. (1)
  11,929,680
254,000  
RWE AG (Germany)(1)
  10,927,953
175,000  
Severn Trent plc (United Kingdom)
  5,735,933
196,300  
WEC Energy Group, Inc. (1)
  17,639,518
245,300  
Xcel Energy, Inc. (1)
  15,387,669
        352,623,171
    ■ Highways & Railtracks—4.6%
4,762,445  
Atlas Arteria Ltd. (Australia)(1)
  20,089,307
    ■ Integrated Telecommunication Services—0.9%
262,000  
AT&T, Inc. (1)
  3,804,240
Shares   Description   Value
    ■ Multi-Utilities—5.2%
400,000  
NiSource, Inc.
  $11,136,000
78,200  
Sempra (1)
  11,653,364
        22,789,364
    ■ Oil & Gas Storage, Transportation and Production—35.3%
138,000  
Cheniere Energy, Inc. (1)
  22,336,680
202,000  
DT Midstream, Inc. (1)
  10,811,040
1,914,185  
Energy Transfer LP (1)
  25,439,519
514,000  
EnLink Midstream LLC (1)
  5,962,400
754,000  
Enterprise Products Partners LP
  19,988,540
556,575  
MPLX LP (1)
  19,763,978
213,265  
Pembina Pipeline Corp. (Canada)
  6,752,219
600,000  
Plains All American Pipeline

LP
  8,928,000
238,000  
Targa Resources Corp.
  19,513,620
434,147  
Williams Cos., Inc. (The) (1)
  14,956,364
        154,452,360
    ■ Railroads—7.8%
59,770  
Canadian National Railway Co. (Canada)
  7,245,014
201,000  
Canadian Pacific Kansas City Ltd. (Canada)
  16,538,505
45,000  
Union Pacific Corp. (1)
  10,440,900
        34,224,419
The accompanying notes are an integral part of these financial statements.
1
DUFF & PHELPS UTILITY AND INFRASTRUCTURE FUND INC.
SCHEDULE OF INVESTMENTS—(Continued)
July 31, 2023
(Unaudited)
Shares   Description   Value
    ■ Telecom Tower REITs—2.4%
32,500  
American Tower Corp. (1)
  $6,185,075
39,000  
Crown Castle, Inc. (1)
  4,223,310
        10,408,385
    Total Common Stocks & MLP Interests
(Cost $544,253,966) 		  598,391,246
TOTAL INVESTMENTS—136.7%
(Cost $544,253,966) 		  598,391,246
    Secured borrowings—(30.8)%   (135,000,000)
    Mandatory Redeemable Preferred Shares at liquidation value—(8.0)%   (35,000,000)
   
Other assets less other liabilities—2.1%
  9,392,840
NET ASSETS APPLICABLE TO COMMON STOCK—100.0%   $437,784,086
(1) All or a portion of securities is segregated as collateral for borrowings. The value of securities segregated as collateral is $338,240,539.
(2) Non-income producing.
The percentage shown for each investment category is the total value of that category as a percentage of the net assets applicable to common stock of the Fund.
The accompanying notes are an integral part of these financial statements.
2
DUFF & PHELPS UTILITY AND INFRASTRUCTURE FUND INC.
SCHEDULE OF INVESTMENTS—(Continued)
July 31, 2023
(Unaudited)
Sector Allocation*
Electric, Gas and Water 59%
Oil & Gas Storage, Transportation and Production 26
Railroads 6
Multi-Utilities 4
Highways & Railtracks 3
Telecom Tower REITs 2
Total 100%
 
    
Country Weightings*
United States 81%
Canada 7
Australia 6
Germany 2
Portugal 1
Spain 1
Denmark 1
United Kingdom 1
Total 100%
 
    
Currency Exposure*
United States Dollar 81%
Canadian Dollar 7
Australian Dollar 6
Euro 4
Danish Krone 1
United Kingdom Pound Sterling 1
Total 100%
 
* Percentages are based on total investments rather than net assets applicable to common stock.
The accompanying notes are an integral part of these financial statements.
3
DUFF & PHELPS UTILITY AND INFRASTRUCTURE FUND INC.
SCHEDULE OF INVESTMENTS—(Continued)
July 31, 2023
(Unaudited)
Note 1. Investment Valuation
The Fund’s investments are carried at fair value which is defined as the price that the Fund might reasonably expect to receive upon selling an investment in a timely transaction to an independent buyer in the principal or most advantageous market of the investment. The three-tier hierarchy of inputs established to classify fair value measurements for disclosure purposes is summarized in the three broad levels listed below:
Level 1—quoted prices in active markets for identical securities
Level 2—other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risks, etc.)
Level 3—significant unobservable inputs (including the Fund’s own assumptions in determining fair value of investments)
The inputs or methodology used for valuing securities are not necessarily an indication of the risk associated with investing in these securities. For more information about the Fund’s policy regarding valuation of investments and other significant accounting policies, please refer to the Fund’s most recent financial statements contained in its annual report. The following is a summary of the inputs used to value each of the Fund’s investments at July 31, 2023:
  Level 1
Common stocks & MLP interests
$598,391,246
Total investments
$598,391,246
There were no Level 2 or Level 3 priced securities held and there were no transfers into or out of Level 3.
Other information regarding the Fund is available on the Fund’s website www.dpimc.com/dpg or the Securities and Exchange Commission’s website at www.sec.gov.
4