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
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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
Hilton Worldwide Holdings, Inc.	STOCK	43300A104	551	20,000	SH		SOLE		0	0	0
Azure Midstream Partners LP	STOCK	05501X100	344	29,000	SH		SOLE		0	0	0
Calumet Specialty Products Partners LP	STOCK	131476103	4,604	180,830	SH		SOLE		0	0	0
DCP Midstream Partners LP	STOCK	23311P100	338	11,000	SH		SOLE		0	0	0
Enbridge Energy Partners LP	STOCK	29250R106	977	29,312	SH		SOLE		0	0	0
Enterprise Products Partners LP	STOCK	293792107	2,367	79,202	SH		SOLE		0	0	0
Magellan Midstream Partners LP	STOCK	559080106	1,101	15,000	SH		SOLE		0	0	0
Targa Resources Partners LP	STOCK	87611X105	1,158	30,000	SH		SOLE		0	0	0
USA Compression Partners LP	STOCK	90290N109	958	50,000	SH		SOLE		0	0	0
Western Gas Partners LP	STOCK	958254104	949	14,980	SH		SOLE		0	0	0
Ashford, Inc.	STOCK	044104107	138	1,580	SH		SOLE		0	0	0
First Industrial Realty Trust, Inc.	STOCK	32054K103	352	18,808	SH		SOLE		0	0	0
NorthStar Asset Management Group, Inc.	STOCK	66705Y104	1,442	78,000	SH		SOLE		0	0	0
Apartment Investment & Management Co., Class A	STOCK	03748R101	4,343	117,600	SH		SOLE		0	0	0
AvalonBay Communities, Inc.	STOCK	053484101	4,796	30,000	SH		SOLE		0	0	0
BioMed Realty Trust, Inc.	STOCK	09063H107	2,321	120,000	SH		SOLE		0	0	0
Blackstone Mortgage Trust, Inc.	STOCK	09257W100	1,252	45,000	SH		SOLE		0	0	0
Boston Properties, Inc.	STOCK	101121101	2,905	24,000	SH		SOLE		0	0	0
Camden Property Trust	STOCK	133131102	1,857	25,000	SH		SOLE		0	0	0
Chesapeake Lodging Trust	STOCK	165240102	1,012	33,200	SH		SOLE		0	0	0
City Office REIT, Inc.	STOCK	178587101	1,023	82,500	SH		SOLE		0	0	0
Coresite Realty Corp.	STOCK	21870Q105	2,281	50,200	SH		SOLE		0	0	0
CorEnergy Infrastructure Trust, Inc.	STOCK	21870U205	316	50,000	SH		SOLE		0	0	0
CubeSmart	STOCK	229663109	463	20,000	SH		SOLE		0	0	0
CyrusOne, Inc.	STOCK	23283R100	1,429	48,537	SH		SOLE		0	0	0
DCT Industrial Trust, Inc.	STOCK	233153204	447	14,214	SH		SOLE		0	0	0
DDR Corp.	STOCK	23317H102	1,160	75,000	SH		SOLE		0	0	0
DiamondRock Hospitality Co.	STOCK	252784301	3,203	250,000	SH		SOLE		0	0	0
Digital Realty Trust, Inc.	STOCK	253868103	6,021	90,300	SH		SOLE		0	0	0
DuPont Fabros Technology, Inc.	STOCK	26613Q106	698	23,700	SH		SOLE		0	0	0
Equity Lifestyle Properties, Inc.	STOCK	29472R108	791	15,050	SH		SOLE		0	0	0
Equity Residential	STOCK	29476L107	4,126	58,800	SH		SOLE		0	0	0
Essex Property Trust, Inc.	STOCK	297178105	3,819	17,971	SH		SOLE		0	0	0
Extra Space Storage, Inc.	STOCK	30225T102	1,631	25,000	SH		SOLE		0	0	0
Federal Realty Investment Trust	STOCK	313747206	5,124	40,000	SH		SOLE		0	0	0
FelCor Lodging Trust, Inc.	STOCK	31430F101	1,756	177,700	SH		SOLE		0	0	0
General Growth Properties, Inc.	STOCK	370023103	1,026	40,000	SH		SOLE		0	0	0
Gramercy Property Trust, Inc.	STOCK	38489R605	257	11,000	SH		SOLE		0	0	0
HCP, Inc.	STOCK	40414L109	1,824	50,000	SH		SOLE		0	0	0
Hannon Armstrong Sustainable Infrastructure Capital, Inc.	STOCK	41068X100	1,475	73,567	SH		SOLE		0	0	0
Health Care REIT, Inc.	STOCK	42217K106	1,135	17,300	SH		SOLE		0	0	0
Hudson Pacific Properties, Inc.	STOCK	444097109	2,664	93,900	SH		SOLE		0	0	0
Kilroy Realty Corp.	STOCK	49427F108	5,372	80,000	SH		SOLE		0	0	0
Kimco Realty Corp.	STOCK	49446R109	1,674	74,250	SH		SOLE		0	0	0
LaSalle Hotel Properties	STOCK	517942108	1,582	44,600	SH		SOLE		0	0	0
Pebblebrook Hotel Trust	STOCK	70509V100	4,434	103,414	SH		SOLE		0	0	0
ProLogis, Inc.	STOCK	74340W103	3,710	100,000	SH		SOLE		0	0	0
QTS Realty Trust, Inc.	STOCK	74736A103	2,241	61,479	SH		SOLE		0	0	0
RLJ Lodging Trust	STOCK	74965L101	893	30,000	SH		SOLE		0	0	0
Regency Centers Corp.	STOCK	758849103	1,180	20,000	SH		SOLE		0	0	0
Ryman Hospitality Properties, Inc.	STOCK	78377T107	531	10,000	SH		SOLE		0	0	0
SL Green Realty Corp.	STOCK	78440X101	3,209	29,200	SH		SOLE		0	0	0
Simon Property Group, Inc.	STOCK	828806109	6,921	40,000	SH		SOLE		0	0	0
Sotherly Hotels, Inc.	STOCK	83600C103	368	52,000	SH		SOLE		0	0	0
Sovran Self Storage, Inc.	STOCK	84610H108	2,755	31,700	SH		SOLE		0	0	0
STAG Industrial, Inc.	STOCK	85254J102	600	30,000	SH		SOLE		0	0	0
Starwood Property Trust, Inc.	STOCK	85571B105	216	10,000	SH		SOLE		0	0	0
Strategic Hotels & Resorts, Inc.	STOCK	86272T106	1,576	130,000	SH		SOLE		0	0	0
Sun Communities, Inc.	STOCK	866674104	1,546	25,000	SH		SOLE		0	0	0
UDR, Inc.	STOCK	902653104	3,237	101,056	SH		SOLE		0	0	0
Ventas, Inc.	STOCK	92276F100	2,338	37,650	SH		SOLE		0	0	0
Vornado Realty Trust	STOCK	929042109	949	10,000	SH		SOLE		0	0	0
WP Carey, Inc.	STOCK	92936U109	1,768	30,000	SH		SOLE		0	0	0
Weingarten Realty Investors	STOCK	948741103	817	25,000	SH		SOLE		0	0	0
Wells Fargo Real Estate Investment Corp, Series A, 6.38%	STOCK	94988N207	256	10,000	SH		SOLE		0	0	0
CorEnergy Infrastructure Trust, Inc., Series A, 7.38%	STOCK	21870U304	483	20,000	SH		SOLE		0	0	0
CBS Corp., Class B	STOCK	124857202	355	6,400	SH		SOLE		0	0	0
Comcast Corp., Class A	STOCK	20030N101	746	12,400	SH		SOLE		0	0	0
Walt Disney Co./The	STOCK	254687106	2,511	22,000	SH		SOLE		0	0	0
Home Depot, Inc./The	STOCK	437076102	1,978	17,800	SH		SOLE		0	0	0
Johnson Controls, Inc.	STOCK	478366107	594	12,000	SH		SOLE		0	0	0
Macy's, Inc.	STOCK	55616P104	520	7,700	SH		SOLE		0	0	0
McDonalds Corp.	STOCK	580135101	540	5,680	SH		SOLE		0	0	0
Ross Stores, Inc.	STOCK	778296103	544	11,200	SH		SOLE		0	0	0
Time Warner, Inc.	STOCK	887317303	1,066	12,200	SH		SOLE		0	0	0
Wyndham Worldwide Corp.	STOCK	98310W108	451	5,500	SH		SOLE		0	0	0
Delphi Automotive PLC	STOCK	G27823106	306	3,600	SH		SOLE		0	0	0
Altria Group, Inc.	STOCK	02209S103	1,257	25,700	SH		SOLE		0	0	0
Kimberly-Clark Corp.	STOCK	494368103	339	3,200	SH		SOLE		0	0	0
Kraft Foods Group, Inc.	STOCK	50076Q106	255	2,999	SH		SOLE		0	0	0
PepsiCo, Inc.	STOCK	713448108	1,134	12,150	SH		SOLE		0	0	0
Philip Morris International, Inc.	STOCK	718172109	754	9,400	SH		SOLE		0	0	0
Procter & Gamble Co./The	STOCK	742718109	775	9,900	SH		SOLE		0	0	0
Rite Aid Corp.	STOCK	767754104	1,005	120,300	SH		SOLE		0	0	0
Wal-Mart Stores, Inc.	STOCK	931142103	363	5,124	SH		SOLE		0	0	0
Walgreens Boots Alliance, Inc.	STOCK	931427108	705	8,350	SH		SOLE		0	0	0
Apache Corp.	STOCK	037411105	173	3,000	SH		SOLE		0	0	0
Chevron Corp.	STOCK	166764100	386	4,000	SH		SOLE		0	0	0
ConocoPhillips	STOCK	20825C104	832	13,550	SH		SOLE		0	0	0
Devon Energy Corp.	STOCK	25179M103	303	5,100	SH		SOLE		0	0	0
EOG Resources, Inc.	STOCK	26875P101	411	4,700	SH		SOLE		0	0	0
Enterprise Products Partners LP	STOCK	293792107	338	11,296	SH		SOLE		0	0	0
Exxon Mobil Corp.	STOCK	30231G102	1,065	12,800	SH		SOLE		0	0	0
Halliburton Co.	STOCK	406216101	306	7,100	SH		SOLE		0	0	0
Kinder Morgan, Inc.	STOCK	49456B101	104	2,700	SH		SOLE		0	0	0
Schlumberger Ltd.	STOCK	806857108	549	6,375	SH		SOLE		0	0	0
Spectra Energy Partners LP	STOCK	84756N109	300	6,500	SH		SOLE		0	0	0
Targa Resources Partners LP	STOCK	87611X105	93	2,400	SH		SOLE		0	0	0
Tesoro Corp.	STOCK	881609101	169	2,000	SH		SOLE		0	0	0
Valero Energy Corp.	STOCK	91913Y100	545	8,700	SH		SOLE		0	0	0
Williams Partners LP	STOCK	96949L105	210	4,333	SH		SOLE		0	0	0
Teekay LNG Partners LP	STOCK	Y8564M105	354	11,000	SH		SOLE		0	0	0
American Express Co.	STOCK	025816109	777	10,000	SH		SOLE		0	0	0
Bank of America Corp.	STOCK	060505104	734	43,100	SH		SOLE		0	0	0
Blackstone Group LP	STOCK	09253U108	396	9,700	SH		SOLE		0	0	0
CME Group, Inc.	STOCK	12572Q105	102	1,100	SH		SOLE		0	0	0
Capital One Financial Corp.	STOCK	14040H105	220	2,500	SH		SOLE		0	0	0
Citigroup, Inc.	STOCK	172967424	801	14,500	SH		SOLE		0	0	0
Goldman Sachs Group, Inc./The	STOCK	38141G104	964	4,615	SH		SOLE		0	0	0
Hartford Financial Services Group, Inc.	STOCK	416515104	582	14,000	SH		SOLE		0	0	0
Intercontinental Exchange Group, Inc.	STOCK	45866F104	22	100	SH		SOLE		0	0	0
JPMorgan Chase & Co.	STOCK	46625H100	1,371	20,227	SH		SOLE		0	0	0
MetLife, Inc.	STOCK	59156R108	609	10,875	SH		SOLE		0	0	0
Prudential Financial, Inc.	STOCK	744320102	525	6,000	SH		SOLE		0	0	0
Travelers Cos., Inc./The	STOCK	89417E109	435	4,500	SH		SOLE		0	0	0
U.S. Bancorp	STOCK	902973304	421	9,700	SH		SOLE		0	0	0
Wells Fargo & Co.	STOCK	949746101	910	16,186	SH		SOLE		0	0	0
AbbVie, Inc.	STOCK	00287Y109	800	11,900	SH		SOLE		0	0	0
Aetna, Inc.	STOCK	00817Y108	484	3,800	SH		SOLE		0	0	0
Amgen, Inc.	STOCK	031162100	499	3,250	SH		SOLE		0	0	0
Bristol-Myers Squibb Co.	STOCK	110122108	579	8,700	SH		SOLE		0	0	0
CIGNA Corp.	STOCK	125509109	324	2,000	SH		SOLE		0	0	0
Cardinal Health, Inc.	STOCK	14149Y108	268	3,200	SH		SOLE		0	0	0
Celgene Corp.	STOCK	151020104	463	4,000	SH		SOLE		0	0	0
Gilead Sciences, Inc.	STOCK	375558103	937	8,000	SH		SOLE		0	0	0
HCA Holdings, Inc.	STOCK	40412C101	408	4,500	SH		SOLE		0	0	0
Humana, Inc.	STOCK	444859102	574	3,000	SH		SOLE		0	0	0
IMS Health Holdings, Inc.	STOCK	44970B109	604	19,700	SH		SOLE		0	0	0
Johnson & Johnson	STOCK	478160104	976	10,010	SH		SOLE		0	0	0
McKesson Corp.	STOCK	58155Q103	1,349	6,000	SH		SOLE		0	0	0
Merck & Co., Inc.	STOCK	58933Y105	882	15,500	SH		SOLE		0	0	0
Pfizer, Inc.	STOCK	717081103	671	20,000	SH		SOLE		0	0	0
Quest Diagnostics, Inc.	STOCK	74834L100	181	2,500	SH		SOLE		0	0	0
Thermo Fisher Scientific, Inc.	STOCK	883556102	350	2,700	SH		SOLE		0	0	0
UnitedHealth Group, Inc.	STOCK	91324P102	1,928	15,800	SH		SOLE		0	0	0
Allergan PLC	STOCK	G0177J108	1,972	6,500	SH		SOLE		0	0	0
Mallinckrodt PLC	STOCK	G5785G107	471	4,000	SH		SOLE		0	0	0
Medtronic PLC	STOCK	G5960L103	758	10,229	SH		SOLE		0	0	0
Mylan NV	STOCK	N59465109	651	9,600	SH		SOLE		0	0	0
Boeing Co./The	STOCK	097023105	860	6,200	SH		SOLE		0	0	0
CSX Corp.	STOCK	126408103	971	29,750	SH		SOLE		0	0	0
Caterpillar, Inc.	STOCK	149123101	254	3,000	SH		SOLE		0	0	0
Dover Corp.	STOCK	260003108	154	2,200	SH		SOLE		0	0	0
General Electric Co.	STOCK	369604103	874	32,881	SH		SOLE		0	0	0
Honeywell International, Inc.	STOCK	438516106	632	6,200	SH		SOLE		0	0	0
Masco Corp.	STOCK	574599106	133	5,000	SH		SOLE		0	0	0
3M Co.	STOCK	88579Y101	1,180	7,650	SH		SOLE		0	0	0
United Technologies Corp.	STOCK	913017109	366	3,300	SH		SOLE		0	0	0
Tyco International PLC	STOCK	G91442106	296	7,700	SH		SOLE		0	0	0
Adobe Systems, Inc.	STOCK	00724F101	340	4,200	SH		SOLE		0	0	0
Apple, Inc.	STOCK	037833100	3,161	25,200	SH		SOLE		0	0	0
Applied Materials, Inc.	STOCK	038222105	342	17,800	SH		SOLE		0	0	0
Cisco Systems, Inc.	STOCK	17275R102	673	24,500	SH		SOLE		0	0	0
Cognizant Technology Solutions Corp., Class A	STOCK	192446102	617	10,100	SH		SOLE		0	0	0
Corning, Inc.	STOCK	219350105	576	29,200	SH		SOLE		0	0	0
Hewlett-Packard Co.	STOCK	428236103	330	11,000	SH		SOLE		0	0	0
Intel Corp.	STOCK	458140100	803	26,400	SH		SOLE		0	0	0
International Business Machines Corp.	STOCK	459200101	465	2,858	SH		SOLE		0	0	0
MasterCard, Inc., Class A	STOCK	57636Q104	598	6,400	SH		SOLE		0	0	0
Microsoft Corp.	STOCK	594918104	1,521	34,450	SH		SOLE		0	0	0
NetApp, Inc.	STOCK	64110D104	95	3,000	SH		SOLE		0	0	0
Oracle Corp.	STOCK	68389X105	999	24,800	SH		SOLE		0	0	0
Paychex, Inc.	STOCK	704326107	206	4,400	SH		SOLE		0	0	0
QUALCOMM, Inc.	STOCK	747525103	551	8,800	SH		SOLE		0	0	0
Symantec Corp.	STOCK	871503108	491	21,100	SH		SOLE		0	0	0
Texas Instruments, Inc.	STOCK	882508104	769	14,925	SH		SOLE		0	0	0
Visa, Inc., Class A	STOCK	92826C839	1,168	17,400	SH		SOLE		0	0	0
Accenture PLC, Class A	STOCK	G1151C101	290	3,000	SH		SOLE		0	0	0
Ball Corp.	STOCK	058498106	217	3,100	SH		SOLE		0	0	0
Dow Chemical Co./The	STOCK	260543103	443	8,650	SH		SOLE		0	0	0
EI du Pont de Nemours & Co.	STOCK	263534109	703	11,000	SH		SOLE		0	0	0
Nucor Corp.	STOCK	670346105	88	2,000	SH		SOLE		0	0	0
Packaging Corp. of America	STOCK	695156109	430	6,880	SH		SOLE		0	0	0
Lyondellbasell Industries NV, Class A	STOCK	N53745100	502	4,850	SH		SOLE		0	0	0
Apartment Investment & Management Co., Class A	STOCK	03748R101	185	5,000	SH		SOLE		0	0	0
DiamondRock Hospitality Co.	STOCK	252784301	257	20,100	SH		SOLE		0	0	0
Digital Realty Trust, Inc.	STOCK	253868103	360	5,400	SH		SOLE		0	0	0
HCP, Inc.	STOCK	40414L109	368	10,100	SH		SOLE		0	0	0
Health Care REIT, Inc.	STOCK	42217K106	479	7,300	SH		SOLE		0	0	0
ProLogis, Inc.	STOCK	74340W103	186	5,000	SH		SOLE		0	0	0
Simon Property Group, Inc.	STOCK	828806109	450	2,600	SH		SOLE		0	0	0
AT&T, Inc.	STOCK	00206R102	900	25,350	SH		SOLE		0	0	0
CenturyLink, Inc.	STOCK	156700106	53	1,800	SH		SOLE		0	0	0
Verizon Communications, Inc.	STOCK	92343V104	953	20,440	SH		SOLE		0	0	0
Exelon Corp.	STOCK	30161N101	170	5,400	SH		SOLE		0	0	0
NextEra Energy, Inc.	STOCK	65339F101	402	4,100	SH		SOLE		0	0	0
WEC Energy Group, Inc.	STOCK	92939U106	670	14,900	SH		SOLE		0	0	0
CHS, Inc., Series 3, 6.75%	STOCK	12542R704	51	2,000	SH		SOLE		0	0	0
CHS, Inc., Series 4, 7.50%	STOCK	12542R803	54	2,000	SH		SOLE		0	0	0
Callon Petroleum Co., Series A, 10.00%	STOCK	13123X409	251	5,000	SH		SOLE		0	0	0
Vanguard Natural Resources LLC, Series B, 7.63%	STOCK	92205F304	67	3,000	SH		SOLE		0	0	0
Vanguard Natural Resources LLC, Series C, 7.75%	STOCK	92205F403	46	2,000	SH		SOLE		0	0	0
Aegon NV, 6.38%	STOCK	007924301	126	5,000	SH		SOLE		0	0	0
Aegon NV, 8.00%	STOCK	007924608	83	3,000	SH		SOLE		0	0	0
American Financial Group, Inc., 6.38%	STOCK	025932401	128	5,000	SH		SOLE		0	0	0
BGC Partners, Inc., 8.13%	STOCK	05541T408	137	5,000	SH		SOLE		0	0	0
Bank of America Corp., Series W, 6.63%	STOCK	060505344	51	2,000	SH		SOLE		0	0	0
Capital One Financial Corp., Series D, 6.70%	STOCK	14040H709	52	2,000	SH		SOLE		0	0	0
Citigroup, Inc., Series L, 6.88%	STOCK	172967333	79	3,000	SH		SOLE		0	0	0
First Republic Bank/CA, Series F, 5.70%	STOCK	33616C852	116	5,000	SH		SOLE		0	0	0
Hancock Holding Co., 5.95%	STOCK	410120307	60	2,500	SH		SOLE		0	0	0
JPMorgan Chase & Co., Series T, 6.70%	STOCK	48127A161	52	2,000	SH		SOLE		0	0	0
JPMorgan Chase & Co, Series Y, 6.13%	STOCK	48127R461	100	4,000	SH		SOLE		0	0	0
KKR Financial Holdings LLC, Series A, 7.38%	STOCK	48248A603	78	3,000	SH		SOLE		0	0	0
Ladenburg Thalmann Financial Services, Inc., Series A, 8.00%	STOCK	50575Q201	173	7,000	SH		SOLE		0	0	0
Oxford Lane Capital Corp., 8.13%	STOCK	691543409	50	2,000	SH		SOLE		0	0	0
AdCare Health Systems, Inc., Series A, 10.88%	STOCK	00650W409	88	3,500	SH		SOLE		0	0	0
Peregrine Pharmaceuticals, Inc., Series E, 10.50%	STOCK	713661403	57	2,500	SH		SOLE		0	0	0
Costamare, Inc., Series C, 8.50%	STOCK	Y1771G128	71	3,000	SH		SOLE		0	0	0
American Capital Agency Corp., Series B, 7.75%	STOCK	02503X303	73	3,000	SH		SOLE		0	0	0
Digital Realty Trust, Inc., Series H, 7.38%	STOCK	253868871	135	5,000	SH		SOLE		0	0	0
Inland Real Estate Corp., Series B, 6.95%	STOCK	457461507	130	5,000	SH		SOLE		0	0	0
Qwest Corp., 6.88%	STOCK	74913G105	52	2,000	SH		SOLE		0	0	0
Qwest Corp., 7.00%	STOCK	74913G501	129	5,000	SH		SOLE		0	0	0
Telephone & Data Systems, Inc., 7.00%	STOCK	879433837	100	4,000	SH		SOLE		0	0	0
United States Cellular Corp., 7.25%	STOCK	911684504	50	2,000	SH		SOLE		0	0	0
American Midstream Partners LP	STOCK	02752P100	292	18,143	SH		SOLE		0	0	0
Azure Midstream Partners LP	STOCK	05501X100	286	24,140	SH		SOLE		0	0	0
Buckeye Partners LP	STOCK	118230101	1,137	15,380	SH		SOLE		0	0	0
Calumet Specialty Products Partners LP	STOCK	131476103	216	8,500	SH		SOLE		0	0	0
Enbridge Energy Partners LP	STOCK	29250R106	1,630	48,919	SH		SOLE		0	0	0
Energy Transfer Partners LP	STOCK	29273R109	2,695	51,621	SH		SOLE		0	0	0
EnLink Midstream Partners LP	STOCK	29336U107	713	32,465	SH		SOLE		0	0	0
Global Partners LP	STOCK	37946R109	203	6,265	SH		SOLE		0	0	0
Kinder Morgan, Inc.	STOCK	49456B101	1,900	49,492	SH		SOLE		0	0	0
TC PipeLines LP	STOCK	87233Q108	610	10,695	SH		SOLE		0	0	0
Targa Resources Partners LP	STOCK	87611X105	881	22,827	SH		SOLE		0	0	0
Tesoro Logistics LP	STOCK	88160T107	352	6,155	SH		SOLE		0	0	0
USA Compression Partners LP	STOCK	90290N109	272	14,216	SH		SOLE		0	0	0
Williams Partners LP	STOCK	96949L105	875	18,072	SH		SOLE		0	0	0
Arlington Asset Investment Corp.	STOCK	041356205	293	15,000	SH		SOLE		0	0	0
Blackstone Group LP	STOCK	09253U108	290	7,100	SH		SOLE		0	0	0
Apple Hospitality REIT, Inc.	STOCK	03784Y200	139	7,350	SH		SOLE		0	0	0
Blackstone Mortgage Trust, Inc.	STOCK	09257W100	322	11,565	SH		SOLE		0	0	0
City Office REIT, Inc.	STOCK	178587101	248	20,000	SH		SOLE		0	0	0
Hannon Armstrong Sustainable Infrastructure Capital, Inc.	STOCK	41068X100	1,560	77,792	SH		SOLE		0	0	0
AT&T, Inc.	STOCK	00206R102	107	3,000	SH		SOLE		0	0	0
Aflac, Inc., 5.50%	STOCK	001055300	267	10,950	SH		SOLE		0	0	0
Aegon NV, 8.00%	STOCK	007924608	399	14,400	SH		SOLE		0	0	0
American Financial Group, Inc., 5.75%	STOCK	025932500	270	10,800	SH		SOLE		0	0	0
Aviva PLC, 8.25%	STOCK	05382A203	390	14,490	SH		SOLE		0	0	0
Bank of New York Mellon Corp./The, 5.20%	STOCK	064058209	259	10,800	SH		SOLE		0	0	0
City National Corp./CA, Series C, 5.50%	STOCK	17800X202	313	13,000	SH		SOLE		0	0	0
First Republic Bank/CA, Series F, 5.70%	STOCK	33616C852	231	10,000	SH		SOLE		0	0	0
Hancock Holding Co., 5.95%	STOCK	410120307	98	4,100	SH		SOLE		0	0	0
JPMorgan Chase & Co., Series P, 5.45%	STOCK	46637G124	119	5,030	SH		SOLE		0	0	0
JPMorgan Chase & Co., Series W, 6.30%	STOCK	481246700	246	9,750	SH		SOLE		0	0	0
KKR Financial Holdings LLC, 8.38%	STOCK	48248A405	807	30,000	SH		SOLE		0	0	0
KKR Financial Holdings LLC, 7.50%	STOCK	48248A504	264	10,000	SH		SOLE		0	0	0
PNC Financial Services Group, Inc., Series Q, 5.38%	STOCK	693475832	127	5,250	SH		SOLE		0	0	0
Protective Life Corp., 6.25%	STOCK	743674608	323	12,600	SH		SOLE		0	0	0
State Street Corp., Series C, 5.25%	STOCK	857477509	245	10,050	SH		SOLE		0	0	0
U.S. Bancorp, Series F, 6.50%	STOCK	902973833	229	8,100	SH		SOLE		0	0	0
Wells Fargo & Co., 5.20%	STOCK	949746747	512	22,050	SH		SOLE		0	0	0
Pitney Bowes, Inc., 6.70%	STOCK	724479506	145	5,700	SH		SOLE		0	0	0
Stanley Black & Decker, Inc., 5.75%	STOCK	854502705	513	20,687	SH		SOLE		0	0	0
CBL & Associates Properties, Inc., Series E, 6.63%	STOCK	124830803	608	23,760	SH		SOLE		0	0	0
DDR Corp., Series J, 6.50%	STOCK	23317H607	259	10,176	SH		SOLE		0	0	0
Digital Realty Trust, Inc., Series E, 7.00%	STOCK	253868707	946	37,000	SH		SOLE		0	0	0
Digital Realty Trust, Inc., Series F, 6.63%	STOCK	253868806	325	12,800	SH		SOLE		0	0	0
Digital Realty Trust, Inc., Series G, 5.88%	STOCK	253868889	378	16,000	SH		SOLE		0	0	0
Equity Commonwealth, 5.75%	STOCK	294628508	231	10,000	SH		SOLE		0	0	0
Health Care REIT, Inc., Series J, 6.50%	STOCK	42217K700	813	32,000	SH		SOLE		0	0	0
Hudson Pacific Properties, Inc., Series B, 8.38%	STOCK	444097208	370	14,400	SH		SOLE		0	0	0
Kilroy Realty Corp., 6.88%	STOCK	49427F702	587	22,454	SH		SOLE		0	0	0
Kimco Realty Corp., Series K, 5.63%	STOCK	49446R745	653	27,000	SH		SOLE		0	0	0
Kimco Realty Corp., Series J, 5.50%	STOCK	49446R778	1,061	44,110	SH		SOLE		0	0	0
Kimco Realty Corp., Series I, 6.00%	STOCK	49446R794	887	36,000	SH		SOLE		0	0	0
National Retail Properties, Inc., Series D, 6.63%	STOCK	637417601	411	16,000	SH		SOLE		0	0	0
PS Business Parks, Inc., 5.70%	STOCK	69360J644	170	7,200	SH		SOLE		0	0	0
PS Business Parks, Inc., Series T, 6.00%	STOCK	69360J685	1,105	44,900	SH		SOLE		0	0	0
PS Business Parks, Inc., Series S, 6.45%	STOCK	69360J719	381	15,000	SH		SOLE		0	0	0
Public Storage, Inc., Series R, 6.35%	STOCK	74460D125	915	36,000	SH		SOLE		0	0	0
Public Storage, Inc., Series Q, 6.50%	STOCK	74460D141	407	16,000	SH		SOLE		0	0	0
Public Storage, Inc., Series S, 5.90%	STOCK	74460W206	343	13,836	SH		SOLE		0	0	0
Public Storage, Inc., Series A, 5.88%	STOCK	74460W792	196	7,840	SH		SOLE		0	0	0
Regency Centers Corp., Series 6, 6.63%	STOCK	758849707	1,025	40,134	SH		SOLE		0	0	0
Regency Centers Corp., Series 7, 6.00%	STOCK	758849806	777	31,275	SH		SOLE		0	0	0
Senior Housing Properties Trust, 5.63%	STOCK	81721M208	923	40,000	SH		SOLE		0	0	0
Taubman Centers, Inc., Series J, 6.50%	STOCK	876664608	734	29,126	SH		SOLE		0	0	0
Taubman Centers, Inc., Series K, 6.25%	STOCK	876664707	735	28,897	SH		SOLE		0	0	0
Ventas Realty LP / Ventas Capital Corp., 5.45%	STOCK	92276M204	241	10,000	SH		SOLE		0	0	0
Vornado Realty Trust, Series L, 5.40%	STOCK	929042844	305	13,626	SH		SOLE		0	0	0
Vornado Realty Trust, Series J, 6.88%	STOCK	929042869	460	17,917	SH		SOLE		0	0	0
Vornado Realty Trust, Series I, 6.63%	STOCK	929042877	322	12,811	SH		SOLE		0	0	0
Telephone & Data Systems, Inc., 5.88%	STOCK	879433795	132	5,700	SH		SOLE		0	0	0
United States Cellular Corp., 7.25%	STOCK	911684504	314	12,500	SH		SOLE		0	0	0
Duke Energy Corp., 5.13%	STOCK	26441C303	222	9,030	SH		SOLE		0	0	0
Entergy New Orleans, Inc., 5.00%	STOCK	29364P509	494	20,000	SH		SOLE		0	0	0
Entergy Louisiana LLC, 5.25%	STOCK	29364W504	485	20,000	SH		SOLE		0	0	0
NextEra Energy Capital Holdings, Inc., Series H, 5.63%	STOCK	65339K704	211	8,775	SH		SOLE		0	0	0
NextEra Energy Capital Holdings, Inc., 5.00%	STOCK	65339K886	152	6,700	SH		SOLE		0	0	0
SCE Trust I, 5.63%	STOCK	78406T201	461	19,125	SH		SOLE		0	0	0
SCE Trust II, 5.10%	STOCK	78407R204	176	7,700	SH		SOLE		0	0	0
Altria Group, Inc.	STOCK	02209S103	322	6,590	SH		SOLE		0	0	0
Philip Morris International, Inc.	STOCK	718172109	338	4,210	SH		SOLE		0	0	0
Reynolds American, Inc.	STOCK	761713106	62	826	SH		SOLE		0	0	0
American Midstream Partners LP	STOCK	02752P100	372	23,142	SH		SOLE		0	0	0
Azure Midstream Partners LP	STOCK	05501X100	455	38,380	SH		SOLE		0	0	0
Buckeye Partners LP	STOCK	118230101	195	2,640	SH		SOLE		0	0	0
Calumet Specialty Products Partners LP	STOCK	131476103	372	14,620	SH		SOLE		0	0	0
DCP Midstream Partners LP	STOCK	23311P100	121	3,950	SH		SOLE		0	0	0
Enbridge Energy Partners LP	STOCK	29250R106	441	13,236	SH		SOLE		0	0	0
Energy Transfer Partners LP	STOCK	29273R109	424	8,123	SH		SOLE		0	0	0
Global Partners LP	STOCK	37946R109	327	10,065	SH		SOLE		0	0	0
Kinder Morgan, Inc.	STOCK	49456B101	460	11,982	SH		SOLE		0	0	0
NGL Energy Partners LP	STOCK	62913M107	315	10,400	SH		SOLE		0	0	0
Plains All American Pipeline LP	STOCK	726503105	217	4,980	SH		SOLE		0	0	0
Rose Rock Midstream LP	STOCK	777149105	203	4,340	SH		SOLE		0	0	0
Southcross Energy Partners LP	STOCK	84130C100	271	24,440	SH		SOLE		0	0	0
TC PipeLines LP	STOCK	87233Q108	275	4,830	SH		SOLE		0	0	0
Targa Resources Partners LP	STOCK	87611X105	542	14,030	SH		SOLE		0	0	0
Tesoro Logistics LP	STOCK	88160T107	352	6,155	SH		SOLE		0	0	0
USA Compression Partners LP	STOCK	90290N109	325	16,966	SH		SOLE		0	0	0
Williams Partners LP	STOCK	96949L105	840	17,345	SH		SOLE		0	0	0
Arlington Asset Investment Corp.	STOCK	041356205	196	10,000	SH		SOLE		0	0	0
BGC Partners, Inc.	STOCK	05541T101	604	69,044	SH		SOLE		0	0	0
Blackstone Group LP	STOCK	09253U108	511	12,505	SH		SOLE		0	0	0
Northern Trust Corp., 5.85%	STOCK	665859872	153	6,000	SH		SOLE		0	0	0
Apple Hospitality REIT, Inc.	STOCK	03784Y200	188	9,950	SH		SOLE		0	0	0
Blackstone Mortgage Trust, Inc.	STOCK	09257W100	412	14,805	SH		SOLE		0	0	0
City Office REIT, Inc.	STOCK	178587101	700	56,470	SH		SOLE		0	0	0
Digital Realty Trust, Inc.	STOCK	253868103	317	4,760	SH		SOLE		0	0	0
Gramercy Property Trust, Inc.	STOCK	38489R605	361	15,460	SH		SOLE		0	0	0
HCP, Inc.	STOCK	40414L109	302	8,282	SH		SOLE		0	0	0
Hannon Armstrong Sustainable Infrastructure Capital, Inc.	STOCK	41068X100	1,560	77,829	SH		SOLE		0	0	0
Independence Realty Trust, Inc.	STOCK	45378A106	577	76,579	SH		SOLE		0	0	0
Lexington Realty Trust	STOCK	529043101	554	65,336	SH		SOLE		0	0	0
Starwood Property Trust, Inc.	STOCK	85571B105	224	10,390	SH		SOLE		0	0	0
WP Carey, Inc.	STOCK	92936U109	563	9,550	SH		SOLE		0	0	0
AT&T, Inc.	STOCK	00206R102	883	24,864	SH		SOLE		0	0	0
American Electric Power Co., Inc.	STOCK	025537101	327	6,170	SH		SOLE		0	0	0
Consolidated Edison, Inc.	STOCK	209115104	464	8,010	SH		SOLE		0	0	0
Xcel Energy, Inc.	STOCK	98389B100	131	4,060	SH		SOLE		0	0	0
CHS, Inc., Series 4, 7.50%	STOCK	12542R803	649	24,000	SH		SOLE		0	0	0
Vanguard Natural Resources LLC, Series B, 7.63%	STOCK	92205F304	70	3,100	SH		SOLE		0	0	0
Aegon NV	STOCK	007924301	251	10,000	SH		SOLE		0	0	0
Aegon NV, 8.00%	STOCK	007924608	55	2,000	SH		SOLE		0	0	0
Aviva PLC, 8.25%	STOCK	05382A203	54	2,000	SH		SOLE		0	0	0
Capital One Financial Corp., Series D, 6.70%	STOCK	14040H709	260	10,000	SH		SOLE		0	0	0
Citigroup, Inc., Series K, 6.88%	STOCK	172967341	320	12,000	SH		SOLE		0	0	0
First Republic Bank/CA, Series F, 5.70%	STOCK	33616C852	231	10,000	SH		SOLE		0	0	0
Hancock Holding Co., 5.95%, 6/15/45	STOCK	410120307	244	10,200	SH		SOLE		0	0	0
JPMorgan Chase & Co., Series W, 6.30%	STOCK	481246700	398	15,750	SH		SOLE		0	0	0
JPMorgan Chase & Co., Series T, 6.70%	STOCK	48127A161	262	10,000	SH		SOLE		0	0	0
JPMorgan Chase & Co, Series AA, 6.10%	STOCK	48127X542	247	10,000	SH		SOLE		0	0	0
Zions Bancorp., 6.95%	STOCK	989701818	556	20,000	SH		SOLE		0	0	0
Pitney Bowes, Inc., 6.70%	STOCK	724479506	305	12,000	SH		SOLE		0	0	0
Alexandria Real Estate Equities, Inc., Series E	STOCK	015271703	276	10,800	SH		SOLE		0	0	0
American Realty Capital Properties, Inc., Series F, 6.70%	STOCK	02917T401	361	15,029	SH		SOLE		0	0	0
CBL & Associates Properties, Inc., Series D, 7.38%	STOCK	124830605	121	4,800	SH		SOLE		0	0	0
CBL & Associates Properties, Inc., Series E, 6.63%	STOCK	124830803	68	2,640	SH		SOLE		0	0	0
DDR Corp., Series J, 6.50%	STOCK	23317H607	292	11,500	SH		SOLE		0	0	0
Digital Realty Trust, Inc., Series H, 7.38%	STOCK	253868871	373	13,848	SH		SOLE		0	0	0
Equity Commonwealth, Series D, 6.50%	STOCK	294628201	146	6,000	SH		SOLE		0	0	0
Equity Commonwealth, Series E, 7.25%	STOCK	294628409	359	14,060	SH		SOLE		0	0	0
Gramercy Property Trust, Inc., Series B, 7.13%	STOCK	38489R506	80	3,000	SH		SOLE		0	0	0
Hudson Pacific Properties, Inc., Series B, 8.38%	STOCK	444097208	223	8,679	SH		SOLE		0	0	0
Kilroy Realty Corp., Series G	STOCK	49427F702	65	2,495	SH		SOLE		0	0	0
LaSalle Hotel Properties, Series H, 7.50%	STOCK	517942702	262	10,339	SH		SOLE		0	0	0
Pebblebrook Hotel Trust, Series A, 7.88%	STOCK	70509V209	154	6,000	SH		SOLE		0	0	0
Pebblebrook Hotel Trust, Series B, 8.00%	STOCK	70509V308	68	2,600	SH		SOLE		0	0	0
Realty Income Corp., Series F, 6.63%	STOCK	756109807	168	6,500	SH		SOLE		0	0	0
SL Green Realty Corp., Series I, 6.50%	STOCK	78440X507	209	8,100	SH		SOLE		0	0	0
Taubman Centers, Inc., Series J, 6.50%	STOCK	876664608	339	13,436	SH		SOLE		0	0	0
Taubman Centers, Inc., Series K, 6.25%	STOCK	876664707	82	3,211	SH		SOLE		0	0	0
Urstadt Biddle Properties, Inc., Series F, 7.13%	STOCK	917286700	263	10,000	SH		SOLE		0	0	0
Urstadt Biddle Properties, Inc., Series G, 6.75%	STOCK	917286809	106	4,000	SH		SOLE		0	0	0
Qwest Corp., 6.88%	STOCK	74913G105	310	12,000	SH		SOLE		0	0	0
United States Cellular Corp., 7.25%	STOCK	911684504	214	8,500	SH		SOLE		0	0	0
Duke Energy Corp., 5.13%	STOCK	26441C303	245	10,000	SH		SOLE		0	0	0
Entergy Mississippi, Inc., 6.00%	STOCK	29364N835	55	2,150	SH		SOLE		0	0	0
NextEra Energy Capital Holdings, Inc., Series H, 5.63%	STOCK	65339K704	241	10,000	SH		SOLE		0	0	0
SCE Trust I, 5.63%	STOCK	78406T201	241	10,000	SH		SOLE		0	0	0
SCE Trust II, 5.10%	STOCK	78407R204	114	5,000	SH		SOLE		0	0	0
American Midstream Partners LP	STOCK	02752P100	622	38,694	SH		SOLE		0	0	0
Antero Midstream Partners LP	STOCK	03673L103	3,600	125,700	SH		SOLE		0	0	0
Azure Midstream Partners LP	STOCK	05501X100	3,714	313,149	SH		SOLE		0	0	0
Blueknight Energy Partners LP	STOCK	09625U109	1,670	222,955	SH		SOLE		0	0	0
Buckeye Partners LP	STOCK	118230101	2,065	27,935	SH		SOLE		0	0	0
Calumet Specialty Products Partners LP	STOCK	131476103	10,684	419,634	SH		SOLE		0	0	0
Cheniere Energy Partners LP	STOCK	16411Q101	6,514	211,161	SH		SOLE		0	0	0
Cone Midstream Partners LP	STOCK	206812109	6,111	345,244	SH		SOLE		0	0	0
DCP Midstream Partners LP	STOCK	23311P100	4,282	139,522	SH		SOLE		0	0	0
Dominion Midstream Partners LP	STOCK	257454108	4,938	128,887	SH		SOLE		0	0	0
EQT Midstream Partners LP	STOCK	26885B100	4,706	57,708	SH		SOLE		0	0	0
EQT GP Holdings LP	STOCK	26885J103	666	19,589	SH		SOLE		0	0	0
Enable Midstream Partners LP	STOCK	292480100	589	36,829	SH		SOLE		0	0	0
Enbridge, Inc.	STOCK	29250N105	287	6,129	SH		SOLE		0	0	0
Enbridge Energy Partners LP	STOCK	29250R106	6,239	187,180	SH		SOLE		0	0	0
Enbridge Energy Management LLC	STOCK	29250X103	0	1	SH		SOLE		0	0	0
Energy Transfer Partners LP	STOCK	29273R109	12,683	242,977	SH		SOLE		0	0	0
Energy Transfer Equity LP	STOCK	29273V100	3,620	56,418	SH		SOLE		0	0	0
EnLink Midstream Partners LP	STOCK	29336U107	4,817	219,252	SH		SOLE		0	0	0
Enterprise Products Partners LP	STOCK	293792107	13,514	452,124	SH		SOLE		0	0	0
Exterran Partners LP	STOCK	30225N105	2,105	93,572	SH		SOLE		0	0	0
Genesis Energy LP	STOCK	371927104	4,530	103,212	SH		SOLE		0	0	0
Global Partners LP	STOCK	37946R109	1,769	54,539	SH		SOLE		0	0	0
Kinder Morgan, Inc.	STOCK	49456B101	5,448	141,900	SH		SOLE		0	0	0
Magellan Midstream Partners LP	STOCK	559080106	11,021	150,189	SH		SOLE		0	0	0
MarkWest Energy Partners LP	STOCK	570759100	10,403	184,522	SH		SOLE		0	0	0
Martin Midstream Partners LP	STOCK	573331105	1,846	59,619	SH		SOLE		0	0	0
Memorial Production Partners LP	STOCK	586048100	1,454	97,893	SH		SOLE		0	0	0
Midcoast Energy Partners LP	STOCK	59564N103	2,138	200,742	SH		SOLE		0	0	0
NGL Energy Partners LP	STOCK	62913M107	8,939	294,730	SH		SOLE		0	0	0
NuStar Energy LP	STOCK	67058H102	3,933	66,271	SH		SOLE		0	0	0
Phillips 66 Partners LP	STOCK	718549207	5,163	71,703	SH		SOLE		0	0	0
Plains All American Pipeline LP	STOCK	726503105	11,757	269,832	SH		SOLE		0	0	0
Rice Midstream Partners LP	STOCK	762819100	7,812	450,000	SH		SOLE		0	0	0
Rose Rock Midstream LP	STOCK	777149105	4,063	86,911	SH		SOLE		0	0	0
Southcross Energy Partners LP	STOCK	84130C100	3,752	337,975	SH		SOLE		0	0	0
Spectra Energy Partners LP	STOCK	84756N109	9,388	203,645	SH		SOLE		0	0	0
Sprague Resources LP	STOCK	849343108	3,307	128,675	SH		SOLE		0	0	0
Summit Midstream Partners LP	STOCK	866142102	1,071	32,408	SH		SOLE		0	0	0
Sunoco Logistics Partners LP	STOCK	86764L108	4,754	125,000	SH		SOLE		0	0	0
Sunoco LP	STOCK	86765K109	1,140	25,174	SH		SOLE		0	0	0
Tallgrass Energy Partners LP	STOCK	874697105	3,652	75,951	SH		SOLE		0	0	0
Targa Resources Partners LP	STOCK	87611X105	12,143	314,580	SH		SOLE		0	0	0
Tesoro Logistics LP	STOCK	88160T107	4,435	77,635	SH		SOLE		0	0	0
USA Compression Partners LP	STOCK	90290N109	8,943	466,767	SH		SOLE		0	0	0
Valero Energy Partners LP	STOCK	91914J102	1,328	25,989	SH		SOLE		0	0	0
Western Gas Partners LP	STOCK	958254104	12,478	196,909	SH		SOLE		0	0	0
Western Gas Equity Partners LP	STOCK	95825R103	1,143	19,047	SH		SOLE		0	0	0
Williams Cos., Inc./The	STOCK	969457100	306	5,325	SH		SOLE		0	0	0
Williams Partners LP	STOCK	96949L105	1,559	32,197	SH		SOLE		0	0	0
Teekay LNG Partners LP	STOCK	Y8564M105	744	23,106	SH		SOLE		0	0	0
Hannon Armstrong Sustainable Infrastructure Capital, Inc.	STOCK	41068X100	3,184	158,801	SH		SOLE		0	0	0
Ferrellgas Partners LP	STOCK	315293100	1,216	53,994	SH		SOLE		0	0	0
Suburban Propane Partners LP	STOCK	864482104	613	15,366	SH		SOLE		0	0	0
CHS, Inc., Series 4, 7.50%	STOCK	12542R803	541	20,000	SH		SOLE		0	0	0
CorEnergy Infrastructure Trust, Inc., Series A, 7.38%	STOCK	21870U304	483	20,000	SH		SOLE		0	0	0