Spirit Of America Management 13F-HR Quarterly holdings report by institutional manager

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
Expires:	Oct 31, 2018
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
AT&T INC	STOCK	00206R102	828	25,350	SH		SOLE		0	0	0
ABBVIE INC	STOCK	00287Y109	252	4,300	SH		SOLE		0	0	0
ADOBE SYS INC	STOCK	00724F101	311	4,200	SH		SOLE		0	0	0
AEGON NV	STOCK	007924301	127	5,000	SH		SOLE		0	0	0
AEGON NV	STOCK	007924608	85	3,000	SH		SOLE		0	0	0
AETNA INC	STOCK	00817Y108	405	3,800	SH		SOLE		0	0	0
ALTRIA GROUP INC	STOCK	02209S103	1,286	25,700	SH		SOLE		0	0	0
AMERICAN AIRLINES GROUP	STOCK	02376R102	84	1,600	SH		SOLE		0	0	0
AGNC 7 3/4 12/31/49	STOCK	02503X303	75	3,000	SH		SOLE		0	0	0
AMERICAN EXPRESS	STOCK	025816109	781	10,000	SH		SOLE		0	0	0
AMERICAN FINANCIAL GROUP	STOCK	025932401	136	5,000	SH		SOLE		0	0	0
AMGEN INC	STOCK	031162100	520	3,250	SH		SOLE		0	0	0
APACHE CORP	STOCK	037411105	181	3,000	SH		SOLE		0	0	0
APARTMENT INVEST	STOCK	03748R101	197	5,000	SH		SOLE		0	0	0
APPLE INC	STOCK	037833100	3,136	25,200	SH		SOLE		0	0	0
APPLIED MATERIAL	STOCK	038222105	402	17,800	SH		SOLE		0	0	0
BGC PARTNERS INC	STOCK	05541T408	140	5,000	SH		SOLE		0	0	0
BALL CORP	STOCK	058498106	219	3,100	SH		SOLE		0	0	0
BANK OF AMERICA	STOCK	060505104	663	43,100	SH		SOLE		0	0	0
BAC 6 5/8 12/31/49	STOCK	060505344	52	2,000	SH		SOLE		0	0	0
BLACKSTONE GROUP	STOCK	09253U108	194	5,000	SH		SOLE		0	0	0
BOEING CO	STOCK	097023105	930	6,200	SH		SOLE		0	0	0
BRISTOL-MYER SQB	STOCK	110122108	561	8,700	SH		SOLE		0	0	0
CBS CORP-B	STOCK	124857202	388	6,400	SH		SOLE		0	0	0
CENHAR 6 3/4 12/31/49	STOCK	12542R704	52	2,000	SH		SOLE		0	0	0
CHSINC 7 1/2 12/31/49	STOCK	12542R803	55	2,000	SH		SOLE		0	0	0
CME GROUP INC	STOCK	12572Q105	104	1,100	SH		SOLE		0	0	0
CSX CORP	STOCK	126408103	1,085	32,750	SH		SOLE		0	0	0
CPE 10 12/31/49 PFD	STOCK	13123X409	244	5,000	SH		SOLE		0	0	0
CAPITAL ONE FINA	STOCK	14040H105	197	2,500	SH		SOLE		0	0	0
COF 6.7 12/31/49	STOCK	14040H709	53	2,000	SH		SOLE		0	0	0
CARDINAL HEALTH	STOCK	14149Y108	108	1,200	SH		SOLE		0	0	0
CATERPILLAR INC	STOCK	149123101	240	3,000	SH		SOLE		0	0	0
CELGENE CORP	STOCK	151020104	461	4,000	SH		SOLE		0	0	0
CENTURYLINK INC	STOCK	156700106	62	1,800	SH		SOLE		0	0	0
CHEVRON CORP	STOCK	166764100	420	4,000	SH		SOLE		0	0	0
CISCO SYSTEMS	STOCK	17275R102	674	24,500	SH		SOLE		0	0	0
C 6 7/8 12/31/49	STOCK	172967333	80	3,000	SH		SOLE		0	0	0
CITIGROUP INC	STOCK	172967424	747	14,500	SH		SOLE		0	0	0
COGNIZANT TECH-A	STOCK	192446102	630	10,100	SH		SOLE		0	0	0
COMCAST CORP-A	STOCK	20030N101	700	12,400	SH		SOLE		0	0	0
CONOCOPHILLIPS	STOCK	20825C104	844	13,550	SH		SOLE		0	0	0
CORNING INC	STOCK	219350105	662	29,200	SH		SOLE		0	0	0
DELTA AIR LI	STOCK	247361702	72	1,600	SH		SOLE		0	0	0
DEVON ENERGY CO	STOCK	25179M103	308	5,100	SH		SOLE		0	0	0
DIAMONDROCK HOSP	STOCK	252784301	284	20,100	SH		SOLE		0	0	0
DIGITAL REALTY	STOCK	253868103	356	5,400	SH		SOLE		0	0	0
DLR 7 3/8 12/31/49	STOCK	253868871	138	5,000	SH		SOLE		0	0	0
WALT DISNEY CO	STOCK	254687106	2,308	22,000	SH		SOLE		0	0	0
DOVER CORP	STOCK	260003108	152	2,200	SH		SOLE		0	0	0
DOW CHEMICAL	STOCK	260543103	415	8,650	SH		SOLE		0	0	0
DU PONT (EI)	STOCK	263534109	965	13,500	SH		SOLE		0	0	0
EOG RESOURCES	STOCK	26875P101	431	4,700	SH		SOLE		0	0	0
ENTERPRISE PRODUCTS	STOCK	293792107	372	11,296	SH		SOLE		0	0	0
EXELON CORP	STOCK	30161N101	181	5,400	SH		SOLE		0	0	0
EXXON MOBIL CORP	STOCK	30231G102	1,088	12,800	SH		SOLE		0	0	0
FORD MOTOR CO	STOCK	345370860	240	14,900	SH		SOLE		0	0	0
GENERAL ELECTRIC	STOCK	369604103	816	32,881	SH		SOLE		0	0	0
GILEAD SCIENCES	STOCK	375558103	785	8,000	SH		SOLE		0	0	0
GOLDMAN SACHS GP	STOCK	38141G104	867	4,615	SH		SOLE		0	0	0
HCA HOLDINGS INC	STOCK	40412C101	339	4,500	SH		SOLE		0	0	0
HCP INC	STOCK	40414L109	190	4,400	SH		SOLE		0	0	0
HALLIBURTON CO	STOCK	406216101	312	7,100	SH		SOLE		0	0	0
HALYARD HEALTH INC	STOCK	40650V100	20	400	SH		SOLE		0	0	0
HANCOCK HOLDING	STOCK	410120307	60	2,500	SH		SOLE		0	0	0
HARTFORD FINL SV	STOCK	416515104	585	14,000	SH		SOLE		0	0	0
HEALTH CARE REIT	STOCK	42217K106	464	6,000	SH		SOLE		0	0	0
HERSHEY CO/THE	STOCK	427866108	298	2,950	SH		SOLE		0	0	0
HEWLETT-PACKARD	STOCK	428236103	343	11,000	SH		SOLE		0	0	0
HOME DEPOT INC	STOCK	437076102	2,022	17,800	SH		SOLE		0	0	0
HONEYWELL INTL	STOCK	438516106	647	6,200	SH		SOLE		0	0	0
IMS HEALTH HOLDINGS, INC.	STOCK	44970B109	533	19,700	SH		SOLE		0	0	0
INLAND REAL ESTATE	STOCK	457461507	127	5,000	SH		SOLE		0	0	0
INTEL CORP	STOCK	458140100	826	26,400	SH		SOLE		0	0	0
INTERCONTINENTAL	STOCK	45866F104	23	100	SH		SOLE		0	0	0
IBM	STOCK	459200101	459	2,858	SH		SOLE		0	0	0
JPMORGAN CHASE	STOCK	46625H100	1,225	20,227	SH		SOLE		0	0	0
JOHNSON&JOHNSON	STOCK	478160104	1,007	10,010	SH		SOLE		0	0	0
JOHNSON CONTROLS	STOCK	478366107	605	12,000	SH		SOLE		0	0	0
JPM 6.27 12/31/49	STOCK	48127A161	54	2,000	SH		SOLE		0	0	0
JPM 6 1/8 12/31/49	STOCK	48127R461	102	4,000	SH		SOLE		0	0	0
KKR FINANCIAL HOLDINGS	STOCK	48248A603	81	3,000	SH		SOLE		0	0	0
KIMBERLY-CLARK	STOCK	494368103	343	3,200	SH		SOLE		0	0	0
KINDER MORGAN IN	STOCK	49456B101	114	2,700	SH		SOLE		0	0	0
KRAFT FOODS GROUP INC	STOCK	50076Q106	261	2,999	SH		SOLE		0	0	0
LTS 8 12/31/49 PFD	STOCK	50575Q201	168	7,000	SH		SOLE		0	0	0
MACY'S INC	STOCK	55616P104	500	7,700	SH		SOLE		0	0	0
MASCO CORP	STOCK	574599106	134	5,000	SH		SOLE		0	0	0
MASTERCARD INC-A	STOCK	57636Q104	190	2,200	SH		SOLE		0	0	0
MCDONALDS CORP	STOCK	580135101	553	5,680	SH		SOLE		0	0	0
MCKESSON CORP	STOCK	58155Q103	1,357	6,000	SH		SOLE		0	0	0
MERCK & CO	STOCK	58933Y105	891	15,500	SH		SOLE		0	0	0
METLIFE INC	STOCK	59156R108	550	10,875	SH		SOLE		0	0	0
MICROSOFT CORP	STOCK	594918104	1,486	36,550	SH		SOLE		0	0	0
MICRON TECH	STOCK	595112103	155	5,700	SH		SOLE		0	0	0
NAVIOS MARITIME HOLDINGS	STOCK	63938Y308	42	2,000	SH		SOLE		0	0	0
NETAPP INC	STOCK	64110D104	106	3,000	SH		SOLE		0	0	0
NEXTERA ENERGY	STOCK	65339F101	531	5,100	SH		SOLE		0	0	0
NUCOR CORP	STOCK	670346105	95	2,000	SH		SOLE		0	0	0
ORACLE CORP	STOCK	68389X105	1,070	24,800	SH		SOLE		0	0	0
OXLC 8 1/8 06/30/24	STOCK	691543409	51	2,000	SH		SOLE		0	0	0
PACKAGING CORP OF AMER	STOCK	695156109	733	9,380	SH		SOLE		0	0	0
PAYCHEX INC	STOCK	704326107	218	4,400	SH		SOLE		0	0	0
PEPSICO INC	STOCK	713448108	1,267	13,250	SH		SOLE		0	0	0
PPHM 10 1/2 12/31/49	STOCK	713661403	56	2,500	SH		SOLE		0	0	0
PFIZER INC	STOCK	717081103	696	20,000	SH		SOLE		0	0	0
PHILIP MORRIS	STOCK	718172109	708	9,400	SH		SOLE		0	0	0
PITNEY BOWES INC	STOCK	724479100	93	4,000	SH		SOLE		0	0	0
PROCTER & GAMBLE	STOCK	742718109	811	9,900	SH		SOLE		0	0	0
PROLOGIS INC	STOCK	74340W103	218	5,000	SH		SOLE		0	0	0
PRUDENTL FINL	STOCK	744320102	482	6,000	SH		SOLE		0	0	0
QUALCOMM INC	STOCK	747525103	610	8,800	SH		SOLE		0	0	0
CTL 6 7/8 10/1/54	STOCK	74913G105	53	2,000	SH		SOLE		0	0	0
QWEST CORP	STOCK	74913G501	133	5,000	SH		SOLE		0	0	0
RITE AID CORP	STOCK	767754104	621	71,500	SH		SOLE		0	0	0
ROSS STORES INC	STOCK	778296103	590	5,600	SH		SOLE		0	0	0
SCHLUMBERGER LTD	STOCK	806857108	532	6,375	SH		SOLE		0	0	0
SIMON PROPERTY	STOCK	828806109	509	2,600	SH		SOLE		0	0	0
SPECTRA ENERGY	STOCK	84756N109	337	6,500	SH		SOLE		0	0	0
SYMANTEC CORP	STOCK	871503108	493	21,100	SH		SOLE		0	0	0
SYNCHRONY FINANCIAL	STOCK	87165B103	30	1,000	SH		SOLE		0	0	0
TARGA RESOURCES PARTNERS	STOCK	87611X105	99	2,400	SH		SOLE		0	0	0
TELEPHONE & DATA SYSTEM	STOCK	879433837	103	4,000	SH		SOLE		0	0	0
TESORO CORP	STOCK	881609101	183	2,000	SH		SOLE		0	0	0
TEXAS INSTRUMENT	STOCK	882508104	853	14,925	SH		SOLE		0	0	0
THERMO FISHER	STOCK	883556102	363	2,700	SH		SOLE		0	0	0
3M CO	STOCK	88579Y101	1,262	7,650	SH		SOLE		0	0	0
TIME WARNER INC	STOCK	887317303	1,030	12,200	SH		SOLE		0	0	0
TRAVELERS COS IN	STOCK	89417E109	487	4,500	SH		SOLE	��	0	0	0
US BANCORP	STOCK	902973304	424	9,700	SH		SOLE		0	0	0
UNITED CONTINENT	STOCK	910047109	81	1,200	SH		SOLE		0	0	0
USM 7 1/4 12/1/63	STOCK	911684504	51	2,000	SH		SOLE		0	0	0
UNITED TECH CORP	STOCK	913017109	387	3,300	SH		SOLE		0	0	0
UNITEDHEALTH GRP	STOCK	91324P102	1,869	15,800	SH		SOLE		0	0	0
VALERO ENERGY	STOCK	91913Y100	553	8,700	SH		SOLE		0	0	0
VNR 7 5/8 12/31/49	STOCK	92205F304	65	3,000	SH		SOLE		0	0	0
VNR 7 3/4 12/31/49	STOCK	92205F403	45	2,000	SH		SOLE		0	0	0
VERIZON COMMUNIC	STOCK	92343V104	994	20,440	SH		SOLE		0	0	0
VISA INC-CLASS A	STOCK	92826C839	876	13,400	SH		SOLE		0	0	0
WAL-MART STORES	STOCK	931142103	421	5,124	SH		SOLE		0	0	0
WALGREENS BOOTS ALLIANCE	STOCK	931427108	521	6,150	SH		SOLE		0	0	0
WELLS FARGO & CO	STOCK	949746101	1,615	29,686	SH		SOLE		0	0	0
WESTERN DIGITAL CORP	STOCK	958102105	319	3,500	SH		SOLE		0	0	0
WILLIAMS PARTNERS LP	STOCK	96949L105	213	4,333	SH		SOLE		0	0	0
WISCONSIN ENERGY CORP	STOCK	976657106	861	17,400	SH		SOLE		0	0	0
WYNDHAM WORLDWID	STOCK	98310W108	498	5,500	SH		SOLE		0	0	0
XEROX CORP	STOCK	984121103	369	28,700	SH		SOLE		0	0	0
ACTAVIS PLC	STOCK	G0083B108	1,935	6,500	SH		SOLE		0	0	0
MALLINCKRODT PLC	STOCK	G5785G107	253	2,000	SH		SOLE		0	0	0
MEDTRONICS PLC	STOCK	G5960L103	798	10,229	SH		SOLE		0	0	0
TSAKOS ENGY 8 12/31/49	STOCK	G9108L124	51	2,000	SH		SOLE		0	0	0
TYCO INTL PLC	STOCK	G91442106	332	7,700	SH		SOLE		0	0	0
LYONDELLBASELL INDU-CL A	STOCK	N53745100	426	4,850	SH		SOLE		0	0	0
MYLAN NV	STOCK	N59465109	487	8,200	SH		SOLE		0	0	0
CMRE 8 1/2 12/31/49	STOCK	Y1771G128	80	3,000	SH		SOLE		0	0	0
TEEKAY LNG PARTNERS	STOCK	Y8564M105	411	11,000	SH		SOLE		0	0	0
AFLAC INC	STOCK	001055300	277	10,950	SH		SOLE		0	0	0
AT&T INC	STOCK	00206R102	98	3,000	SH		SOLE		0	0	0
AEGON NV	STOCK	007924608	409	14,400	SH		SOLE		0	0	0
AMERICAN FINANCIAL GROUP	STOCK	025932500	279	10,800	SH		SOLE		0	0	0
AMERICAN MIDSTREAM PRTNS	STOCK	02752P100	208	12,500	SH		SOLE		0	0	0
ARLINGTON ASSET INVEST	STOCK	041356205	361	15,000	SH		SOLE		0	0	0
AVIVA PLC	STOCK	05382A203	401	14,490	SH		SOLE		0	0	0
BANK OF NEW YORK MELLON	STOCK	064058209	270	10,800	SH		SOLE		0	0	0
BLACKSTONE GROUP	STOCK	09253U108	276	7,100	SH		SOLE		0	0	0
BUCKEYE PARTNERS LP	STOCK	118230101	1,161	15,380	SH		SOLE		0	0	0
CBL & ASSOCIATES PROP	STOCK	124830803	604	23,760	SH		SOLE		0	0	0
CALUMET SPECIALTY PRODUCT	STOCK	131476103	204	8,500	SH		SOLE		0	0	0
CITY NATIONAL CORP	STOCK	17800X202	322	13,000	SH		SOLE		0	0	0
DDR 6.25 12/31/49	STOCK	23317H805	260	10,176	SH		SOLE		0	0	0
DIGITAL REALTY TRUST INC	STOCK	253868707	964	37,000	SH		SOLE		0	0	0
DIGITAL REALTY TRUST INC	STOCK	253868806	331	12,800	SH		SOLE		0	0	0
DIGITAL REALTY TRUST PFD	STOCK	253868889	388	16,000	SH		SOLE		0	0	0
DUKE ENERGY CORP	STOCK	26441C303	228	9,030	SH		SOLE		0	0	0
ENBRIDGE ENERGY	STOCK	29250R106	1,663	46,194	SH		SOLE		0	0	0
ENERGY TRANSFER PARTNERS	STOCK	29273R109	2,007	36,000	SH		SOLE		0	0	0
ENLINK MIDSTREAM PTNR	STOCK	29336U107	703	28,400	SH		SOLE		0	0	0
ENTERGY NEW ORLEANS INC	STOCK	29364P509	500	20,000	SH		SOLE		0	0	0
ENTERGY LOUISIANA LLC	STOCK	29364W504	506	20,000	SH		SOLE		0	0	0
EQC 5 3/4 08/01/42	STOCK	294628508	242	10,000	SH		SOLE		0	0	0
GLOBAL PARTNERS LP	STOCK	37946R109	132	3,800	SH		SOLE		0	0	0
HANCOCK HOLDING	STOCK	410120307	99	4,100	SH		SOLE		0	0	0
HANNON ARMSTRONG	STOCK	41068X100	1,328	72,622	SH		SOLE		0	0	0
HEALTH CARE REIT INC	STOCK	42217K700	858	32,000	SH		SOLE		0	0	0
HUDSON PACIFIC PROPERTIE	STOCK	444097208	377	14,400	SH		SOLE		0	0	0
JPM 5.45	STOCK	46637G124	124	5,030	SH		SOLE		0	0	0
JPM 6.3 12/31/49	STOCK	481246700	104	4,000	SH		SOLE		0	0	0
KKR FINANCIAL HOLDINGS	STOCK	48248A405	840	30,000	SH		SOLE		0	0	0
KKR FINANCIAL HOLDINGS	STOCK	48248A504	273	10,000	SH		SOLE		0	0	0
KRC 6 7/8 12/31/49	STOCK	49427F702	582	22,454	SH		SOLE		0	0	0
KIM 5.625%	STOCK	49446R745	671	27,000	SH		SOLE		0	0	0
KIMCO REALTY CORP	STOCK	49446R778	1,072	44,110	SH		SOLE		0	0	0
KIMCO REALTY CORP	STOCK	49446R794	932	36,000	SH		SOLE		0	0	0
KINDER MORGAN IN	STOCK	49456B101	2,082	49,492	SH		SOLE		0	0	0
MARLIN MIDSTREAM PTNRS LP	STOCK	57118V100	202	9,140	SH		SOLE		0	0	0
NATL RETAIL PROPERTIES	STOCK	637417601	420	16,000	SH		SOLE		0	0	0
NEXTERA ENERGY CAPITAL	STOCK	65339K704	222	8,775	SH		SOLE		0	0	0
NEE 5%	STOCK	65339K886	163	6,700	SH		SOLE		0	0	0
PNC FINANCIAL SERVICES	STOCK	693475832	131	5,250	SH		SOLE		0	0	0
PS BUSINESS PARKS 5.7	STOCK	69360J644	177	7,200	SH		SOLE		0	0	0
PS BUSINESS PARKS INC	STOCK	69360J685	1,122	44,900	SH		SOLE		0	0	0
PS BUSINESS PARKS INC	STOCK	69360J719	390	15,000	SH		SOLE		0	0	0
PITNEY BOWES INC	STOCK	724479506	152	5,700	SH		SOLE		0	0	0
PROTECTIVE LIFE CORP	STOCK	743674608	334	12,600	SH		SOLE		0	0	0
PUBLIC STORAGE	STOCK	74460D125	955	36,000	SH		SOLE		0	0	0
PUBLIC STORAGE	STOCK	74460D141	421	16,000	SH		SOLE		0	0	0
PUBLIC STORAGE	STOCK	74460W206	356	13,836	SH		SOLE		0	0	0
PSA 5 7/8 12/31/49	STOCK	74460W792	200	7,840	SH		SOLE		0	0	0
REGENCY CENTERS CORP	STOCK	758849707	1,055	40,134	SH		SOLE		0	0	0
REGENCY CENTERS CORP	STOCK	758849806	782	31,275	SH		SOLE		0	0	0
REGENCY ENERGY P	STOCK	75885Y107	768	33,560	SH		SOLE		0	0	0
SCE TRUST I	STOCK	78406T201	486	19,125	SH		SOLE		0	0	0
EIX 5.1	STOCK	78407R204	187	7,700	SH		SOLE		0	0	0
SENIOR HOUSING PROP TRUS	STOCK	81721M208	996	40,000	SH		SOLE		0	0	0
STANLEY BLACK & DECKER I	STOCK	854502705	531	20,687	SH		SOLE		0	0	0
STATE STREET CORP	STOCK	857477509	248	10,050	SH		SOLE		0	0	0
TC PIPELINES LP	STOCK	87233Q108	697	10,695	SH		SOLE		0	0	0
TARGA RESOURCES PARTNERS	STOCK	87611X105	853	20,632	SH		SOLE		0	0	0
TAUBMAN CENTERS INC	STOCK	876664608	752	29,126	SH		SOLE		0	0	0
TAUBMAN CENTERS PFD	STOCK	876664707	727	28,897	SH		SOLE		0	0	0
TELEPHONE & DATA SYSTEM	STOCK	879433795	137	5,700	SH		SOLE		0	0	0
TESORO LOGISTICS	STOCK	88160T107	238	4,415	SH		SOLE		0	0	0
USA COMPRESSION PTN	STOCK	90290N109	256	12,500	SH		SOLE		0	0	0
US BANCORP	STOCK	902973833	241	8,100	SH		SOLE		0	0	0
USM 7 1/4 12/1/63	STOCK	911684504	317	12,500	SH		SOLE		0	0	0
VENTAS REALTY LP	STOCK	92276M204	255	10,000	SH		SOLE		0	0	0
VORNADO REALTY TRUST	STOCK	929042844	331	13,626	SH		SOLE		0	0	0
VORNADO REALTY TRUST	STOCK	929042869	414	15,817	SH		SOLE		0	0	0
VORNADO REALTY TRUST	STOCK	929042877	325	12,811	SH		SOLE		0	0	0
WELLS FARGO & COMPANY	STOCK	949746747	542	22,050	SH		SOLE		0	0	0
WILLIAMS PARTNERS LP	STOCK	96949L105	890	18,072	SH		SOLE		0	0	0
AT&T INC	STOCK	00206R102	715	21,884	SH		SOLE		0	0	0
AEGON NV	STOCK	007924301	254	10,000	SH		SOLE		0	0	0
AEGON NV	STOCK	007924608	57	2,000	SH		SOLE		0	0	0
ALEXANDRIA REAL ESTATE E	STOCK	015271703	280	10,800	SH		SOLE		0	0	0
ALTRIA GROUP INC	STOCK	02209S103	90	1,800	SH		SOLE		0	0	0
AMERICAN ELECTRI	STOCK	025537101	96	1,700	SH		SOLE		0	0	0
AMERICAN MIDSTREAM PRTNS	STOCK	02752P100	291	17,500	SH		SOLE		0	0	0
ARCP 6.7 12/31/49	STOCK	02917T401	355	15,029	SH		SOLE		0	0	0
ARLINGTON ASSET INVEST	STOCK	041356205	241	10,000	SH		SOLE		0	0	0
AVIVA PLC	STOCK	05382A203	55	2,000	SH		SOLE		0	0	0
BGC PARTNERS INC-CL A	STOCK	05541T101	554	58,594	SH		SOLE		0	0	0
BLACKSTONE GROUP	STOCK	09253U108	257	6,600	SH		SOLE		0	0	0
BUCKEYE PARTNERS LP	STOCK	118230101	105	1,390	SH		SOLE		0	0	0
CBL 7 3/8	STOCK	124830605	121	4,800	SH		SOLE		0	0	0
CBL & ASSOCIATES PROP	STOCK	124830803	67	2,640	SH		SOLE		0	0	0
CHSINC 7 1/2 12/31/49	STOCK	12542R803	665	24,000	SH		SOLE		0	0	0
CALUMET SPECIALTY PRODUCT	STOCK	131476103	352	14,620	SH		SOLE		0	0	0
COF 6.7 12/31/49	STOCK	14040H709	267	10,000	SH		SOLE		0	0	0
C 6 7/8 12/34/2049	STOCK	172967341	327	12,000	SH		SOLE		0	0	0
CITY OFFICE REIT, INC.	STOCK	178587101	719	56,470	SH		SOLE		0	0	0
CONS EDISON INC	STOCK	209115104	140	2,300	SH		SOLE		0	0	0
CRESTWOOD MIDSTREAM PTN	STOCK	226378107	216	14,861	SH		SOLE		0	0	0
DDR 6.5 12/31/49 PFD	STOCK	23317H607	294	11,500	SH		SOLE		0	0	0
DIGITAL REALTY	STOCK	253868103	214	3,240	SH		SOLE		0	0	0
DLR 7 3/8 12/31/49	STOCK	253868871	382	13,848	SH		SOLE		0	0	0
DUKE ENERGY CORP	STOCK	26441C303	253	10,000	SH		SOLE		0	0	0
ENBRIDGE ENERGY	STOCK	29250R106	379	10,511	SH		SOLE		0	0	0
ENERGY TRANSFER PARTNERS	STOCK	29273R109	251	4,503	SH		SOLE		0	0	0
ETR 6 05/01/51	STOCK	29364N835	56	2,150	SH		SOLE		0	0	0
EQC 6 1/2 12/31/49	STOCK	294628201	148	6,000	SH		SOLE		0	0	0
EQC 7 1/4 12/31/49	STOCK	294628409	367	14,060	SH		SOLE		0	0	0
GLOBAL PARTNERS LP	STOCK	37946R109	264	7,600	SH		SOLE		0	0	0
GPT 7 1/8 12/31/49	STOCK	38489R506	79	3,000	SH		SOLE		0	0	0
GRAMERCY PROPERTY TRUST	STOCK	38489R605	175	6,250	SH		SOLE		0	0	0
HCP INC	STOCK	40414L109	250	5,782	SH		SOLE		0	0	0
HANCOCK HOLDING	STOCK	410120307	247	10,200	SH		SOLE		0	0	0
HANNON ARMSTRONG	STOCK	41068X100	1,328	72,659	SH		SOLE		0	0	0
HUDSON PACIFIC PROPERTIE	STOCK	444097208	227	8,679	SH		SOLE		0	0	0
INDEPENDENCE REALTY TRUST	STOCK	45378A106	727	76,579	SH		SOLE		0	0	0
JPM 6.3 12/31/49	STOCK	481246700	260	10,000	SH		SOLE		0	0	0
JPM 6.27 12/31/49	STOCK	48127A161	269	10,000	SH		SOLE		0	0	0
KRC 6 7/8 12/31/49	STOCK	49427F702	65	2,495	SH		SOLE		0	0	0
KINDER MORGAN IN	STOCK	49456B101	504	11,982	SH		SOLE		0	0	0
LHO 7 1/2	STOCK	517942702	266	10,339	SH		SOLE		0	0	0
LEXINGTON REALTY	STOCK	529043101	536	54,546	SH		SOLE		0	0	0
LORILLARD INC	STOCK	544147101	95	1,450	SH		SOLE		0	0	0
MARLIN MIDSTREAM PTNRS LP	STOCK	57118V100	517	23,380	SH		SOLE		0	0	0
NGL ENERGY PARTNERS	STOCK	62913M107	181	6,900	SH		SOLE		0	0	0
NEXTERA ENERGY CAPITAL	STOCK	65339K704	253	10,000	SH		SOLE		0	0	0
NTRS 5.85 12/31/49	STOCK	665859872	51	2,000	SH		SOLE		0	0	0
PEB 7 7/8 12/31/49	STOCK	70509V209	156	6,000	SH		SOLE		0	0	0
PEB 8.00% 12/31/49	STOCK	70509V308	68	2,600	SH		SOLE		0	0	0
PHILIP MORRIS	STOCK	718172109	181	2,400	SH		SOLE		0	0	0
PITNEY BOWES INC	STOCK	724479506	321	12,000	SH		SOLE		0	0	0
PLAINS ALL AMER	STOCK	726503105	94	1,920	SH		SOLE		0	0	0
CTL 6 7/8 10/1/54	STOCK	74913G105	316	12,000	SH		SOLE		0	0	0
REALTY INCOME CORP	STOCK	756109807	119	4,500	SH		SOLE		0	0	0
ROSE ROCK MIDSTREAM	STOCK	777149105	111	2,340	SH		SOLE		0	0	0
SCE TRUST I	STOCK	78406T201	254	10,000	SH		SOLE		0	0	0
EIX 5.1	STOCK	78407R204	121	5,000	SH		SOLE		0	0	0
SLG 6 1/2	STOCK	78440X507	213	8,100	SH		SOLE		0	0	0
TC PIPELINES LP	STOCK	87233Q108	65	1,000	SH		SOLE		0	0	0
TARGA RESOURCES PARTNERS	STOCK	87611X105	489	11,835	SH		SOLE		0	0	0
TAUBMAN CENTERS INC	STOCK	876664608	347	13,436	SH		SOLE		0	0	0
TAUBMAN CENTERS PFD	STOCK	876664707	81	3,211	SH		SOLE		0	0	0
TESORO LOGISTICS	STOCK	88160T107	238	4,415	SH		SOLE		0	0	0
USA COMPRESSION PTN	STOCK	90290N109	312	15,250	SH		SOLE		0	0	0
USM 7 1/4 12/1/63	STOCK	911684504	215	8,500	SH		SOLE		0	0	0
UBA 7 1/8 12/31/49	STOCK	917286700	265	10,000	SH		SOLE		0	0	0
UBA 6 3/4 12/31/49	STOCK	917286809	104	4,000	SH		SOLE		0	0	0
VNR 7 5/8 12/31/49	STOCK	92205F304	67	3,100	SH		SOLE		0	0	0
WP CAREY INC	STOCK	92936U109	336	4,940	SH		SOLE		0	0	0
WILLIAMS PARTNERS LP	STOCK	96949L105	854	17,345	SH		SOLE		0	0	0
XCEL ENERGY INC	STOCK	98389B100	97	2,800	SH		SOLE		0	0	0
ZION 6.95 09/15/28	STOCK	989701818	552	20,000	SH		SOLE		0	0	0
AMERICAN MIDSTREAM PRTNS	STOCK	02752P100	642	38,694	SH		SOLE		0	0	0
ANTERO MIDSTREAM	STOCK	03673L103	3,041	125,700	SH		SOLE		0	0	0
BLUEKNIGHT ENERGY PARTNER	STOCK	09625U109	1,426	183,351	SH		SOLE		0	0	0
BUCKEYE PARTNERS LP	STOCK	118230101	1,545	20,463	SH		SOLE		0	0	0
CHSINC 7 1/2 12/31/49	STOCK	12542R803	554	20,000	SH		SOLE		0	0	0
CALUMET SPECIALTY PRODUCT	STOCK	131476103	9,130	379,634	SH		SOLE		0	0	0
CHENIERE ENERGY PARTNERS	STOCK	16411Q101	3,738	124,770	SH		SOLE		0	0	0
CONE MIDSTREAM PARTNERS	STOCK	206812109	4,332	248,798	SH		SOLE		0	0	0
CORR 7 3/8 12/31/49	STOCK	21870U304	510	20,000	SH		SOLE		0	0	0
CRESTWOOD MIDSTREAM PTN	STOCK	226378107	1,120	77,177	SH		SOLE		0	0	0
DCP MIDSTREAM PA	STOCK	23311P100	3,929	106,342	SH		SOLE		0	0	0
EQT MIDSTREAM PTNS	STOCK	26885B100	4,482	57,708	SH		SOLE		0	0	0
ENABLE MIDSTREAM PARTNERS	STOCK	292480100	604	36,829	SH		SOLE		0	0	0
ENBRIDGE INC	STOCK	29250N105	297	6,129	SH		SOLE		0	0	0
ENBRIDGE ENERGY	STOCK	29250R106	6,380	177,180	SH		SOLE		0	0	0
ENERGY TRANSFER PARTNERS	STOCK	29273R109	6,159	110,467	SH		SOLE		0	0	0
ENERGY TRANSFER EQUITY LP	STOCK	29273V100	2,941	46,418	SH		SOLE		0	0	0
ENLINK MIDSTREAM PTNR	STOCK	29336U107	5,424	219,252	SH		SOLE		0	0	0
ENTERPRISE PRODUCTS	STOCK	293792107	14,888	452,124	SH		SOLE		0	0	0
EXTERRAN PARTNERS LP	STOCK	30225N105	2,215	88,872	SH		SOLE		0	0	0
FERRELLGAS PARTNERS LP	STOCK	315293100	585	23,994	SH		SOLE		0	0	0
GENESIS ENERGY LP	STOCK	371927104	2,608	55,494	SH		SOLE		0	0	0
GLOBAL PARTNERS LP	STOCK	37946R109	1,898	54,539	SH		SOLE		0	0	0
HANNON ARMSTRONG	STOCK	41068X100	2,297	125,681	SH		SOLE		0	0	0
KINDER MORGAN IN	STOCK	49456B101	4,917	116,900	SH		SOLE		0	0	0
MAGELLAN MIDSTRE	STOCK	559080106	6,719	87,589	SH		SOLE		0	0	0
MARKWEST ENERGY PRTN	STOCK	570759100	3,930	59,454	SH		SOLE		0	0	0
MARLIN MIDSTREAM PTNRS LP	STOCK	57118V100	2,466	111,528	SH		SOLE		0	0	0
MARTIN MIDSTREAM PTN	STOCK	573331105	2,113	59,619	SH		SOLE		0	0	0
MEMORIAL PRODUCTION PRTNS	STOCK	586048100	1,101	67,893	SH		SOLE		0	0	0
MIDCOAST ENERGY PTN	STOCK	59564N103	2,528	182,642	SH		SOLE		0	0	0
NGL ENERGY PARTNERS	STOCK	62913M107	4,845	184,730	SH		SOLE		0	0	0
NUSTAR ENERGY LP	STOCK	67058H102	4,023	66,271	SH		SOLE		0	0	0
PHILLIPS 66 PARTNERS LP	STOCK	718549207	2,615	37,000	SH		SOLE		0	0	0
PLAINS ALL AMER	STOCK	726503105	7,107	145,732	SH		SOLE		0	0	0
REGENCY ENERGY P	STOCK	75885Y107	3,467	151,576	SH		SOLE		0	0	0
RICE MIDSTREAM PARTNERS	STOCK	762819100	3,175	225,000	SH		SOLE		0	0	0
ROSE ROCK MIDSTREAM	STOCK	777149105	2,466	51,911	SH		SOLE		0	0	0
SOUTHCROSS ENERGY PTN	STOCK	84130C100	4,142	295,891	SH		SOLE		0	0	0
SPECTRA ENERGY	STOCK	84756N109	4,073	78,645	SH		SOLE		0	0	0
SPRAGUE RESOURCES LP	STOCK	849343108	1,550	60,000	SH		SOLE		0	0	0
SUBURBAN PROPANE PTN	STOCK	864482104	660	15,366	SH		SOLE		0	0	0
SUMMIT MIDSTREAM PTN	STOCK	866142102	895	27,808	SH		SOLE		0	0	0
SUNOCO LOGISTICS	STOCK	86764L108	5,168	125,000	SH		SOLE		0	0	0
SUNOCO LP	STOCK	86765K109	266	5,174	SH		SOLE		0	0	0
TALLGRASS ENERGY PARTNERS	STOCK	874697105	3,841	75,951	SH		SOLE		0	0	0
TARGA RESOURCES PARTNERS	STOCK	87611X105	9,537	230,580	SH		SOLE		0	0	0
TESORO LOGISTICS	STOCK	88160T107	4,177	77,635	SH		SOLE		0	0	0
USA COMPRESSION PTN	STOCK	90290N109	9,555	466,767	SH		SOLE		0	0	0
VALERO ENERGY PARTNERS LP	STOCK	91914J102	1,258	25,989	SH		SOLE		0	0	0
VNR 7 3/4 12/31/49	STOCK	92205F403	213	9,417	SH		SOLE		0	0	0
WESTERN GAS PARTNERS LP	STOCK	958254104	7,698	116,909	SH		SOLE		0	0	0
WESTERN GAS EQUITY	STOCK	95825R103	1,143	19,047	SH		SOLE		0	0	0
WILLIAMS COS INC	STOCK	969457100	269	5,325	SH		SOLE		0	0	0
WILLIAMS PARTNERS LP	STOCK	96949L105	7,777	158,003	SH		SOLE		0	0	0
TEEKAY LNG PARTNERS	STOCK	Y8564M105	863	23,106	SH		SOLE		0	0	0