The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete.
The reader should not assume that the information is accurate and complete.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F

FORM 13F INFORMATION TABLE
OMB APPROVAL
OMB Number: 3235-0006
Estimated average burden
hours per response: 23.8
COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MANAGER SOLE SHARED NONE
KINDER MORGAN INC DEL COM 49456B101 453,418 10,716,570 SH   SOLE   2,238,589 8,477,981 0
CSX CORP COM 126408103 270,715 7,472,126 SH   SOLE   1,605,256 5,866,870 0
NORFOLK SOUTHERN CORP COM 655844108 310,415 2,831,995 SH   SOLE   569,779 2,262,216 0
UNION PAC CORP COM 907818108 263,648 2,213,108 SH   SOLE   359,724 1,853,384 0
AMERICAN TOWER CORP NEW COM 03027X100 353,083 3,571,903 SH   SOLE   842,005 2,729,898 0
CROWN CASTLE INTL CORP NEW COM 22822V101 372,686 4,735,529 SH   SOLE   956,404 3,779,125 0
SBA COMMUNICATIONS CORP COM 78388J106 316,293 2,855,662 SH   SOLE   708,609 2,147,053 0
SEMPRA ENERGY COM 816851109 415,514 3,731,266 SH   SOLE   816,239 2,915,027 0
ITC HLDGS CORP COM 465685105 64,921 1,605,764 SH   SOLE   474,602 1,131,162 0
ENERSIS S A SPONSORED ADR 29274F104 5,276 329,113 SH   SOLE   0 329,113 0
AMERICAN TOWER CORP NEW PFD CONV SER A 03027X308 1,733 15,075 SH   SOLE   735 14,340 0
PINNACLE WEST CAP CORP COM 723484101 944 13,822 SH   SOLE   678 13,144 0
GREAT PLAINS ENERGY INC COM 391164100 2,397 84,376 SH   SOLE   4,140 80,236 0
SOUTHERN CO COM 842587107 649 13,208 SH   SOLE   664 12,544 0
COMPANHIA DE SANEAMENTO BASI SPONSORED ADR 20441A102 571 90,793 SH   SOLE   4,530 86,263 0
PORTLAND GEN ELEC CO COM NEW 736508847 919 24,292 SH   SOLE   1,192 23,100 0
ABENGOA YIELD PLC ORD SHS G00349103 2,227 81,513 SH   SOLE   4,063 77,450 0