9AT: DUFF & PHELPS INVESTMENT MANAGEMENT CO.

Adviser Profile

As of Date	04/17/2026
Registration	SEC, Approved, 07/02/1979
ADV Location	CHICAGO, IL, United States
Contact Info	312 xxxxxxx
Websites

AUM^*	12,746,937,964 4%
of that, discretionary	12,746,937,964 4%
Number of Employees	53 -2%
of those in investment advisory functions	26 -7%
Private Fund GAV^*	0
Avg Account Size	289,703,136 44%
SMA’s	Yes
Private Funds	0

Adviser Type

- Large advisory firm
- An investment adviser (or subadviser) to an investment company

Client Types

- Investment companies
- Pooled investment vehicles
- Pension and profit sharing plans
- Charitable organizations
- State or municipal government entities
- Corporations or other businesses not listed above

Advisory Activities

- Portfolio management for investment companies
- Portfolio management for pooled investment vehicles
- Portfolio management for businesses

Compensation Arrangments

- A percentage of assets under your management
- Performance-based fees

Adviser	Hedge Fund	Liquidity Fund	Private Equity Fund	Real Estate Fund	Securitized Asset Fund	Venture Capital Fund	Other Fund	Total Private Fund GAV	AUM	#Funds
Adviser COREBRIDGE INSTITUTIONAL INVESTMENTS (U.S.), LLC	Hedge Fund-	Liquidity Fund-	Private Equity Fund9.0b	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV9.0b	AUM121.1b	#Funds25
Adviser MARKETFIELD ASSET MANAGEMENT LLC	Hedge Fund-	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV-	AUM154.0m	#Funds-
Adviser ADVANTAGE ADVISERS MULTI-MANAGER, L.L.C.	Hedge Fund285.0m	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV285.0m	AUM4.9b	#Funds1
Adviser FRONTIER CAPITAL MANAGEMENT CO LLC	Hedge Fund-	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund445.6m	Total Private Fund GAV445.6m	AUM9.6b	#Funds5
Adviser SCHRODER INVESTMENT MANAGEMENT NORTH AMERICA LTD	Hedge Fund-	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV-	AUM82.5b	#Funds-
Adviser BLACKSTONE ALTERNATIVE INVESTMENT ADVISORS LLC	Hedge Fund-	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV-	AUM5.4b	#Funds-
Adviser DOUBLELINE ALTERNATIVES LP	Hedge Fund-	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV-	AUM3.5b	#Funds2
Adviser MILLBURN RIDGEFIELD LLC	Hedge Fund164.5m	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund36.1m	Total Private Fund GAV200.6m	AUM8.7b	#Funds6
Adviser CARDINAL CAPITAL MANAGEMENT, L.L.C.	Hedge Fund-	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV-	AUM386.3m	#Funds-
Adviser STRATEGIC INCOME MANAGEMENT, LLC	Hedge Fund-	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV-	AUM3.1b	#Funds-

Stock Ticker	Stock Name	$ Position	% Position	$ Change	# Change
Stck Ticker95040Q104	Stock NameWELLTOWER INC	$ Position$434,234,427	% Position5.00%	$ Change	# Change
Stck Ticker29444U700	Stock NameEQUINIX INC	$ Position$398,653,806	% Position4.00%	$ Change	# Change
Stck Ticker74340W103	Stock NamePROLOGIS INC.	$ Position$323,348,101	% Position3.00%	$ Change	# Change
Stck Ticker816851109	Stock NameSEMPRA	$ Position$181,348,954	% Position2.00%	$ Change	# Change
Stck Ticker98389B100	Stock NameXCEL ENERGY INC	$ Position$177,102,821	% Position2.00%	$ Change	# Change
Stck Ticker92276F100	Stock NameVENTAS INC	$ Position$177,130,083	% Position2.00%	$ Change	# Change
Stck Ticker65339F101	Stock NameNEXTERA ENERGY INC	$ Position$147,761,213	% Position2.00%	$ Change	# Change
Stck Ticker29364G103	Stock NameENTERGY CORP NEW	$ Position$160,047,269	% Position2.00%	$ Change	# Change
Stck Ticker253868103	Stock NameDIGITAL RLTY TR INC	$ Position$233,885,909	% Position2.00%	$ Change	# Change
Stck Ticker15189T107	Stock NameCENTERPOINT ENERGY INC	$ Position$157,530,029	% Position2.00%	$ Change	# Change

Brochure Summary

Overview

Duff & Phelps is a boutique investment firm headquartered in Chicago, Illinois, and offers discretionary investment management services to clients globally. We are a wholly owned subsidiary of Virtus Partners, Inc. (“VPI”) which is a wholly owned subsidiary of Virtus Investment Partners, Inc. (“Virtus”) a publicly traded company operating a multi-manager asset manager business (NYSE: VRTS, http://www.virtus.com). Duff & Phelps was established in 1979 as an investment manager, evolving from the Duff & Phelps investment research firm founded in 1932. We pursue a limited number of specialized investment strategies with exceptional depth of resources, expertise, and intellectual rigor. In this way, we leverage the perspective and culture of a respected fundamental research boutique to provide specialty investment strategies that are designed to enhance client outcomes through active portfolio management and customized solutions. Since our earliest beginnings providing vital research and analysis of utility company securities to Depression-era investors, our attention has been squarely set on identifying attractive opportunities and strategies, while effectively managing the risks of investing in listed securities. Today, with our analysts and portfolio managers

building on our distinguished legacy, Duff & Phelps focuses on developing and managing customized investment solutions for institutional clients. Duff & Phelps provides investment advisory services to institutional clients, mutual funds, closed-end funds, and other pooled investment vehicles. We also offer investment advisory services to retail clients. We base investment decisions on individual client needs and investment guidelines and will accept investment restrictions from clients if the restrictions do not prevent us from executing our investment strategies. We offer various investment management strategies, including the following:
• Global Clean Energy
• Global Real Estate Securities
• Global Listed Infrastructure
• Investment Grade Fixed Income
• Midstream & Energy Infrastructure
• U.S. Equities
• Water Several strategies also are available in pooled investment vehicles. We provide customized advisory services and multi-investment strategy institutional accounts through our Portfolio Solutions Team. We also offer delivery of investment model portfolios to third party managers/sponsors of managed accounts. As of December 31, 2023, Duff & Phelps managed approximately $12 billion in assets on a discretionary basis. 6 | P a g e

DUFF & PHELPS INVESTMENT MANAGEMENT CO.

DUFF & PHELPS INVESTMENT MANAGEMENT CO.

Adviser Profile

Details

Adviser Type

Client Types

Advisory Activities

Compensation Arrangments

Reported AUM

Private Funds

Employees

Similar advisers

Top Holdings

Brochure Summary

Overview

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DUFF & PHELPS INVESTMENT MANAGEMENT CO. DUFF & PHELPS INVESTMENT MANAGEMENT CO.

Adviser Profile

Details

Adviser Type

Client Types

Advisory Activities

Compensation Arrangments

Reported AUM

Private Funds

Employees

Similar advisers

Top Holdings

Brochure Summary

Overview

DUFF & PHELPS INVESTMENT MANAGEMENT CO.

DUFF & PHELPS INVESTMENT MANAGEMENT CO.