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
Azure Midstream Partners LP	STOCK	05501X100	172	29,000	SH		SOLE		0	0	0
Calumet Specialty Products Partners LP	STOCK	131476103	2,691	110,830	SH		SOLE		0	0	0
DCP Midstream Partners LP	STOCK	23311P100	266	11,000	SH		SOLE		0	0	0
Enbridge Energy Partners LP	STOCK	29250R106	725	29,312	SH		SOLE		0	0	0
Enterprise Products Partners LP	STOCK	293792107	1,972	79,202	SH		SOLE		0	0	0
Magellan Midstream Partners LP	STOCK	559080106	902	15,000	SH		SOLE		0	0	0
Targa Resources Partners LP	STOCK	87611X105	871	30,000	SH		SOLE		0	0	0
USA Compression Partners LP	STOCK	90290N109	721	50,000	SH		SOLE		0	0	0
Western Gas Partners LP	STOCK	958254104	701	14,980	SH		SOLE		0	0	0
NorthStar Asset Management Group, Inc./New York	STOCK	66705Y104	718	50,000	SH		SOLE		0	0	0
Hannon Armstrong Sustainable Infrastructure Capital, Inc.	STOCK	41068X100	1,267	73,567	SH		SOLE		0	0	0
American Assets Trust, Inc.	STOCK	024013104	409	10,000	SH		SOLE		0	0	0
Apartment Investment & Management Co., Class A	STOCK	03748R101	4,354	117,600	SH		SOLE		0	0	0
Apple Hospitality REIT, Inc.	STOCK	03784Y200	921	49,600	SH		SOLE		0	0	0
Ashford Hospitality Prime, Inc.	STOCK	044102101	324	23,100	SH		SOLE		0	0	0
AvalonBay Communities, Inc.	STOCK	053484101	5,245	30,000	SH		SOLE		0	0	0
BioMed Realty Trust, Inc.	STOCK	09063H107	2,398	120,000	SH		SOLE		0	0	0
Blackstone Mortgage Trust, Inc.	STOCK	09257W100	1,235	45,000	SH		SOLE		0	0	0
Boston Properties, Inc.	STOCK	101121101	2,842	24,000	SH		SOLE		0	0	0
Camden Property Trust	STOCK	133131102	1,848	25,000	SH		SOLE		0	0	0
CareTrust REIT, Inc.	STOCK	14174T107	136	12,000	SH		SOLE		0	0	0
Chesapeake Lodging Trust	STOCK	165240102	865	33,200	SH		SOLE		0	0	0
City Office REIT, Inc.	STOCK	178587101	1,384	121,858	SH		SOLE		0	0	0
CoreSite Realty Corp.	STOCK	21870Q105	2,582	50,200	SH		SOLE		0	0	0
CorEnergy Infrastructure Trust, Inc.	STOCK	21870U205	221	50,000	SH		SOLE		0	0	0
CubeSmart	STOCK	229663109	544	20,000	SH		SOLE		0	0	0
CyrusOne, Inc.	STOCK	23283R100	817	25,000	SH		SOLE		0	0	0
DCT Industrial Trust, Inc.	STOCK	233153204	478	14,214	SH		SOLE		0	0	0
DiamondRock Hospitality Co.	STOCK	252784301	2,984	270,000	SH		SOLE		0	0	0
Digital Realty Trust, Inc.	STOCK	253868103	4,899	75,000	SH		SOLE		0	0	0
DuPont Fabros Technology, Inc.	STOCK	26613Q106	613	23,700	SH		SOLE		0	0	0
Equity LifeStyle Properties, Inc.	STOCK	29472R108	881	15,050	SH		SOLE		0	0	0
Equity Residential	STOCK	29476L107	4,417	58,800	SH		SOLE		0	0	0
Essex Property Trust, Inc.	STOCK	297178105	4,015	17,971	SH		SOLE		0	0	0
Extra Space Storage, Inc.	STOCK	30225T102	1,929	25,000	SH		SOLE		0	0	0
Federal Realty Investment Trust	STOCK	313747206	5,458	40,000	SH		SOLE		0	0	0
FelCor Lodging Trust, Inc.	STOCK	31430F101	2,494	352,700	SH		SOLE		0	0	0
General Growth Properties, Inc.	STOCK	370023103	1,039	40,000	SH		SOLE		0	0	0
HCP, Inc.	STOCK	40414L109	1,863	50,000	SH		SOLE		0	0	0
Hudson Pacific Properties, Inc.	STOCK	444097109	2,703	93,900	SH		SOLE		0	0	0
Kilroy Realty Corp.	STOCK	49427F108	4,887	75,000	SH		SOLE		0	0	0
Kimco Realty Corp.	STOCK	49446R109	1,814	74,250	SH		SOLE		0	0	0
LaSalle Hotel Properties	STOCK	517942108	1,834	64,600	SH		SOLE		0	0	0
Mid-America Apartment Communities, Inc.	STOCK	59522J103	1,228	15,000	SH		SOLE		0	0	0
Pebblebrook Hotel Trust	STOCK	70509V100	3,138	88,514	SH		SOLE		0	0	0
Prologis, Inc.	STOCK	74340W103	3,890	100,000	SH		SOLE		0	0	0
QTS Realty Trust, Inc., Class A	STOCK	74736A103	2,185	50,000	SH		SOLE		0	0	0
Regency Centers Corp.	STOCK	758849103	1,243	20,000	SH		SOLE		0	0	0
SL Green Realty Corp.	STOCK	78440X101	3,158	29,200	SH		SOLE		0	0	0
Simon Property Group, Inc.	STOCK	828806109	7,349	40,000	SH		SOLE		0	0	0
Sotherly Hotels, Inc.	STOCK	83600C103	354	52,000	SH		SOLE		0	0	0
Sovran Self Storage, Inc.	STOCK	84610H108	2,989	31,700	SH		SOLE		0	0	0
Starwood Property Trust, Inc.	STOCK	85571B105	205	10,000	SH		SOLE		0	0	0
Strategic Hotels & Resorts, Inc.	STOCK	86272T106	1,871	135,700	SH		SOLE		0	0	0
Sun Communities, Inc.	STOCK	866674104	1,233	18,200	SH		SOLE		0	0	0
UDR, Inc.	STOCK	902653104	3,484	101,056	SH		SOLE		0	0	0
Ventas, Inc.	STOCK	92276F100	2,111	37,650	SH		SOLE		0	0	0
Vornado Realty Trust	STOCK	929042109	904	10,000	SH		SOLE		0	0	0
WP Carey, Inc.	STOCK	92936U109	1,734	30,000	SH		SOLE		0	0	0
Welltower, Inc.	STOCK	95040Q104	1,172	17,300	SH		SOLE		0	0	0
CorEnergy Infrastructure Trust, Inc., Series A, 7.38%	STOCK	21870U304	455	20,000	SH		SOLE		0	0	0
Digital Realty Trust, Inc., Series I, 6.35%	STOCK	253868863	247	10,000	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
CBS Corp., Class B	STOCK	124857202	255	6,400	SH		SOLE		0	0	0
Comcast Corp., Class A	STOCK	20030N101	705	12,400	SH		SOLE		0	0	0
Walt Disney Co./The	STOCK	254687106	2,248	22,000	SH		SOLE		0	0	0
Home Depot, Inc./The	STOCK	437076102	2,056	17,800	SH		SOLE		0	0	0
Johnson Controls, Inc.	STOCK	478366107	496	12,000	SH		SOLE		0	0	0
McDonald's Corp.	STOCK	580135101	560	5,680	SH		SOLE		0	0	0
Ross Stores, Inc.	STOCK	778296103	301	6,200	SH		SOLE		0	0	0
Time Warner, Inc.	STOCK	887317303	839	12,200	SH		SOLE		0	0	0
Wyndham Worldwide Corp.	STOCK	98310W108	395	5,500	SH		SOLE		0	0	0
Delphi Automotive PLC	STOCK	G27823106	274	3,600	SH		SOLE		0	0	0
Altria Group, Inc.	STOCK	02209S103	1,398	25,700	SH		SOLE		0	0	0
Kimberly-Clark Corp.	STOCK	494368103	349	3,200	SH		SOLE		0	0	0
Kraft Heinz Co./The	STOCK	500754106	212	2,999	SH		SOLE		0	0	0
PepsiCo, Inc.	STOCK	713448108	863	9,150	SH		SOLE		0	0	0
Philip Morris International, Inc.	STOCK	718172109	746	9,400	SH		SOLE		0	0	0
Procter & Gamble Co./The	STOCK	742718109	353	4,900	SH		SOLE		0	0	0
Rite Aid Corp.	STOCK	767754104	541	89,050	SH		SOLE		0	0	0
Wal-Mart Stores, Inc.	STOCK	931142103	332	5,124	SH		SOLE		0	0	0
Walgreens Boots Alliance, Inc.	STOCK	931427108	694	8,350	SH		SOLE		0	0	0
Apache Corp.	STOCK	037411105	117	3,000	SH		SOLE		0	0	0
Chevron Corp.	STOCK	166764100	316	4,000	SH		SOLE		0	0	0
ConocoPhillips	STOCK	20825C104	650	13,550	SH		SOLE		0	0	0
Devon Energy Corp.	STOCK	25179M103	189	5,100	SH		SOLE		0	0	0
EOG Resources, Inc.	STOCK	26875P101	342	4,700	SH		SOLE		0	0	0
Exxon Mobil Corp.	STOCK	30231G102	952	12,800	SH		SOLE		0	0	0
Halliburton Co.	STOCK	406216101	251	7,100	SH		SOLE		0	0	0
Schlumberger Ltd.	STOCK	806857108	440	6,375	SH		SOLE		0	0	0
Tesoro Corp.	STOCK	881609101	194	2,000	SH		SOLE		0	0	0
Valero Energy Corp.	STOCK	91913Y100	523	8,700	SH		SOLE		0	0	0
American Express Co.	STOCK	025816109	741	10,000	SH		SOLE		0	0	0
Bank of America Corp.	STOCK	060505104	672	43,100	SH		SOLE		0	0	0
Blackstone Group LP/The	STOCK	09253U108	307	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	181	2,500	SH		SOLE		0	0	0
Citigroup, Inc.	STOCK	172967424	719	14,500	SH		SOLE		0	0	0
FNF Group, Class A	STOCK	31620R303	89	2,500	SH		SOLE		0	0	0
Goldman Sachs Group, Inc./The	STOCK	38141G104	802	4,615	SH		SOLE		0	0	0
Hartford Financial Services Group, Inc./The	STOCK	416515104	641	14,000	SH		SOLE		0	0	0
Intercontinental Exchange, Inc.	STOCK	45866F104	24	100	SH		SOLE		0	0	0
JPMorgan Chase & Co.	STOCK	46625H100	1,233	20,227	SH		SOLE		0	0	0
MetLife, Inc.	STOCK	59156R108	513	10,875	SH		SOLE		0	0	0
Prudential Financial, Inc.	STOCK	744320102	457	6,000	SH		SOLE		0	0	0
Travelers Cos., Inc./The	STOCK	89417E109	448	4,500	SH		SOLE		0	0	0
U.S. Bancorp	STOCK	902973304	398	9,700	SH		SOLE		0	0	0
Wells Fargo & Co.	STOCK	949746101	831	16,186	SH		SOLE		0	0	0
AbbVie, Inc.	STOCK	00287Y109	647	11,900	SH		SOLE		0	0	0
Aetna, Inc.	STOCK	00817Y108	416	3,800	SH		SOLE		0	0	0
Amgen, Inc.	STOCK	031162100	450	3,250	SH		SOLE		0	0	0
Bristol-Myers Squibb Co.	STOCK	110122108	515	8,700	SH		SOLE		0	0	0
Cigna Corp.	STOCK	125509109	270	2,000	SH		SOLE		0	0	0
Cardinal Health, Inc.	STOCK	14149Y108	246	3,200	SH		SOLE		0	0	0
Celgene Corp.	STOCK	151020104	433	4,000	SH		SOLE		0	0	0
Gilead Sciences, Inc.	STOCK	375558103	786	8,000	SH		SOLE		0	0	0
HCA Holdings, Inc.	STOCK	40412C101	348	4,500	SH		SOLE		0	0	0
Humana, Inc.	STOCK	444859102	537	3,000	SH		SOLE		0	0	0
IMS Health Holdings, Inc.	STOCK	44970B109	573	19,700	SH		SOLE		0	0	0
Johnson & Johnson	STOCK	478160104	1,121	12,010	SH		SOLE		0	0	0
LifePoint Health, Inc.	STOCK	53219L109	85	1,200	SH		SOLE		0	0	0
McKesson Corp.	STOCK	58155Q103	925	5,000	SH		SOLE		0	0	0
Merck & Co., Inc.	STOCK	58933Y105	766	15,500	SH		SOLE		0	0	0
Pfizer, Inc.	STOCK	717081103	628	20,000	SH		SOLE		0	0	0
Quest Diagnostics, Inc.	STOCK	74834L100	154	2,500	SH		SOLE		0	0	0
Thermo Fisher Scientific, Inc.	STOCK	883556102	330	2,700	SH		SOLE		0	0	0
UnitedHealth Group, Inc.	STOCK	91324P102	1,555	13,400	SH		SOLE		0	0	0
Allergan PLC	STOCK	G0177J108	1,767	6,500	SH		SOLE		0	0	0
Medtronic PLC	STOCK	G5960L103	685	10,229	SH		SOLE		0	0	0
Mylan NV	STOCK	N59465109	387	9,600	SH		SOLE		0	0	0
Boeing Co./The	STOCK	097023105	812	6,200	SH		SOLE		0	0	0
CSX Corp.	STOCK	126408103	545	20,250	SH		SOLE		0	0	0
Caterpillar, Inc.	STOCK	149123101	196	3,000	SH		SOLE		0	0	0
General Electric Co.	STOCK	369604103	829	32,881	SH		SOLE		0	0	0
Honeywell International, Inc.	STOCK	438516106	587	6,200	SH		SOLE		0	0	0
Masco Corp.	STOCK	574599106	126	5,000	SH		SOLE		0	0	0
3M Co.	STOCK	88579Y101	801	5,650	SH		SOLE		0	0	0
United Technologies Corp.	STOCK	913017109	160	1,800	SH		SOLE		0	0	0
Tyco International PLC	STOCK	G91442106	258	7,700	SH		SOLE		0	0	0
Adobe Systems, Inc.	STOCK	00724F101	345	4,200	SH		SOLE		0	0	0
Apple, Inc.	STOCK	037833100	2,780	25,200	SH		SOLE		0	0	0
Applied Materials, Inc.	STOCK	038222105	261	17,800	SH		SOLE		0	0	0
Cisco Systems, Inc.	STOCK	17275R102	643	24,500	SH		SOLE		0	0	0
Cognizant Technology Solutions Corp., Class A	STOCK	192446102	632	10,100	SH		SOLE		0	0	0
Corning, Inc.	STOCK	219350105	397	23,200	SH		SOLE		0	0	0
EMC Corp.	STOCK	268648102	193	8,000	SH		SOLE		0	0	0
Hewlett-Packard Co.	STOCK	428236103	282	11,000	SH		SOLE		0	0	0
Intel Corp.	STOCK	458140100	796	26,400	SH		SOLE		0	0	0
International Business Machines Corp.	STOCK	459200101	414	2,858	SH		SOLE		0	0	0
MasterCard, Inc., Class A	STOCK	57636Q104	811	9,000	SH		SOLE		0	0	0
Microsoft Corp.	STOCK	594918104	1,525	34,450	SH		SOLE		0	0	0
NetApp, Inc.	STOCK	64110D104	89	3,000	SH		SOLE		0	0	0
Oracle Corp.	STOCK	68389X105	896	24,800	SH		SOLE		0	0	0
Paychex, Inc.	STOCK	704326107	210	4,400	SH		SOLE		0	0	0
QUALCOMM, Inc.	STOCK	747525103	473	8,800	SH		SOLE		0	0	0
Symantec Corp.	STOCK	871503108	411	21,100	SH		SOLE		0	0	0
Texas Instruments, Inc.	STOCK	882508104	739	14,925	SH		SOLE		0	0	0
Visa, Inc., Class A	STOCK	92826C839	1,310	18,800	SH		SOLE		0	0	0
Accenture PLC, Class A	STOCK	G1151C101	295	3,000	SH		SOLE		0	0	0
Ball Corp.	STOCK	058498106	193	3,100	SH		SOLE		0	0	0
Dow Chemical Co./The	STOCK	260543103	367	8,650	SH		SOLE		0	0	0
EI du Pont de Nemours & Co.	STOCK	263534109	530	11,000	SH		SOLE		0	0	0
Packaging Corp. of America	STOCK	695156109	414	6,880	SH		SOLE		0	0	0
LyondellBasell Industries NV, Class A	STOCK	N53745100	404	4,850	SH		SOLE		0	0	0
Apartment Investment & Management Co., Class A	STOCK	03748R101	185	5,000	SH		SOLE		0	0	0
Apple Hospitality REIT, Inc.	STOCK	03784Y200	215	11,600	SH		SOLE		0	0	0
DiamondRock Hospitality Co.	STOCK	252784301	222	20,100	SH		SOLE		0	0	0
Digital Realty Trust, Inc.	STOCK	253868103	353	5,400	SH		SOLE		0	0	0
FelCor Lodging Trust, Inc.	STOCK	31430F101	177	25,000	SH		SOLE		0	0	0
HCP, Inc.	STOCK	40414L109	376	10,100	SH		SOLE		0	0	0
Prologis, Inc.	STOCK	74340W103	195	5,000	SH		SOLE		0	0	0
Simon Property Group, Inc.	STOCK	828806109	478	2,600	SH		SOLE		0	0	0
Welltower, Inc.	STOCK	95040Q104	494	7,300	SH		SOLE		0	0	0
AT&T, Inc.	STOCK	00206R102	826	25,350	SH		SOLE		0	0	0
CenturyLink, Inc.	STOCK	156700106	45	1,800	SH		SOLE		0	0	0
Verizon Communications, Inc.	STOCK	92343V104	889	20,440	SH		SOLE		0	0	0
Exelon Corp.	STOCK	30161N101	160	5,400	SH		SOLE		0	0	0
NextEra Energy, Inc.	STOCK	65339F101	400	4,100	SH		SOLE		0	0	0
WEC Energy Group, Inc.	STOCK	92939U106	778	14,900	SH		SOLE		0	0	0
CHS, Inc., Series 3, 6.75%	STOCK	12542R704	52	2,000	SH		SOLE		0	0	0
CHS, Inc., Series 4, 7.50%	STOCK	12542R803	53	2,000	SH		SOLE		0	0	0
Callon Petroleum Co., Series A, 10.00%	STOCK	13123X409	232	5,000	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./OH, 6.38%	STOCK	025932401	130	5,000	SH		SOLE		0	0	0
AmTrust Financial Services, Inc., 7.50%	STOCK	032359853	63	2,500	SH		SOLE		0	0	0
BGC Partners, Inc., 8.13%	STOCK	05541T408	135	5,000	SH		SOLE		0	0	0
Bank of America Corp., Series W, 6.63%	STOCK	060505344	52	2,000	SH		SOLE		0	0	0
Capital One Financial Corp., Series D, 6.70%	STOCK	14040H709	53	2,000	SH		SOLE		0	0	0
Citigroup, Inc., Series L, 6.88%	STOCK	172967333	80	3,000	SH		SOLE		0	0	0
First Republic Bank/CA, Series F, 5.70%	STOCK	33616C852	119	5,000	SH		SOLE		0	0	0
Hancock Holding Co., 5.95%	STOCK	410120307	61	2,500	SH		SOLE		0	0	0
JPMorgan Chase & Co., Series T, 6.70%	STOCK	48127A161	54	2,000	SH		SOLE		0	0	0
JPMorgan Chase & Co., Series Y, 6.13%	STOCK	48127R461	100	4,000	SH		SOLE		0	0	0
JPMorgan Chase & Co., Series BB, 6.15%	STOCK	48127V827	100	4,000	SH		SOLE		0	0	0
KKR Financial Holdings LLC, Series A, 7.38%	STOCK	48248A603	79	3,000	SH		SOLE		0	0	0
Ladenburg Thalmann Financial Services Inc, Series A, 8.00%	STOCK	50575Q201	163	7,000	SH		SOLE		0	0	0
Oxford Lane Capital Corp., 8.13%	STOCK	691543409	50	2,000	SH		SOLE		0	0	0
Charles Schwab Corp./The, Series C, 6.00%	STOCK	808513402	50	2,000	SH		SOLE		0	0	0
AdCare Health Systems, Inc., Series A, 10.88%	STOCK	00650W409	75	3,500	SH		SOLE		0	0	0
Peregrine Pharmaceuticals Inc., Series E, 10.50%	STOCK	713661403	49	2,500	SH		SOLE		0	0	0
Costamare, Inc., Series C, 8.50%	STOCK	Y1771G128	66	3,000	SH		SOLE		0	0	0
American Capital Agency Corp., 7.75%	STOCK	02503X303	73	3,000	SH		SOLE		0	0	0
Digital Realty Trust, Inc., Series I, 6.35%	STOCK	253868863	62	2,500	SH		SOLE		0	0	0
Digital Realty Trust, Inc., Series H, 7.38%	STOCK	253868871	133	5,000	SH		SOLE		0	0	0
Inland Real Estate Corp., Series B, 6.95%	STOCK	457461507	125	5,000	SH		SOLE		0	0	0
Qwest Corp., 6.88%	STOCK	74913G105	51	2,000	SH		SOLE		0	0	0
Qwest Corp., 7.00%	STOCK	74913G501	128	5,000	SH		SOLE		0	0	0
Qwest Corp, 6.63%	STOCK	74913G709	62	2,500	SH		SOLE		0	0	0
Telephone & Data Systems, Inc., 7.00%	STOCK	879433837	102	4,000	SH		SOLE		0	0	0
United States Cellular Corp., 7.25%	STOCK	911684504	51	2,000	SH		SOLE		0	0	0
Buckeye Partners LP	STOCK	118230101	628	10,590	SH		SOLE		0	0	0
Calumet Specialty Products Partners LP	STOCK	131476103	206	8,500	SH		SOLE		0	0	0
Enbridge Energy Partners LP	STOCK	29250R106	830	33,569	SH		SOLE		0	0	0
Energy Transfer Partners LP	STOCK	29273R109	1,381	33,631	SH		SOLE		0	0	0
EnLink Midstream Partners LP	STOCK	29336U107	512	32,465	SH		SOLE		0	0	0
Global Partners LP	STOCK	37946R109	204	7,215	SH		SOLE		0	0	0
Kinder Morgan, Inc.	STOCK	49456B101	1,370	49,492	SH		SOLE		0	0	0
Plains All American Pipeline LP	STOCK	726503105	97	3,200	SH		SOLE		0	0	0
TC PipeLines LP	STOCK	87233Q108	509	10,695	SH		SOLE		0	0	0
Targa Resources Partners LP	STOCK	87611X105	597	20,547	SH		SOLE		0	0	0
Tesoro Logistics LP	STOCK	88160T107	288	6,405	SH		SOLE		0	0	0
USA Compression Partners LP	STOCK	90290N109	185	12,796	SH		SOLE		0	0	0
Williams Partners LP	STOCK	96949L105	519	16,272	SH		SOLE		0	0	0
Blackstone Group LP/The	STOCK	09253U108	225	7,100	SH		SOLE		0	0	0
Hi-Crush Partners LP	STOCK	428337109	51	6,750	SH		SOLE		0	0	0
Apple Hospitality REIT, Inc.	STOCK	03784Y200	406	21,850	SH		SOLE		0	0	0
Blackstone Mortgage Trust, Inc.	STOCK	09257W100	317	11,565	SH		SOLE		0	0	0
City Office REIT, Inc.	STOCK	178587101	227	20,000	SH		SOLE		0	0	0
Hannon Armstrong Sustainable Infrastructure Capital, Inc.	STOCK	41068X100	1,340	77,792	SH		SOLE		0	0	0
AT&T, Inc.	STOCK	00206R102	195	6,000	SH		SOLE		0	0	0
Aflac Inc, 5.50%	STOCK	001055300	246	9,850	SH		SOLE		0	0	0
Aegon NV, 8.00%	STOCK	007924608	355	12,900	SH		SOLE		0	0	0
American Financial Group, Inc./OH, 5.75%	STOCK	025932500	246	9,700	SH		SOLE		0	0	0
Aviva PLC, 8.25%	STOCK	05382A203	346	12,990	SH		SOLE		0	0	0
Bank of New York Mellon Corp./The, 5.20%	STOCK	064058209	242	9,700	SH		SOLE		0	0	0
City National Corp./CA, Series C, 5.50%	STOCK	17800X202	289	11,700	SH		SOLE		0	0	0
First Republic Bank/CA, Series F, 5.70%	STOCK	33616C852	214	9,000	SH		SOLE		0	0	0
Hancock Holding Co., 5.95%	STOCK	410120307	90	3,700	SH		SOLE		0	0	0
JPMorgan Chase & Co, Series P, 5.45%	STOCK	46637G124	108	4,480	SH		SOLE		0	0	0
JPMorgan Chase & Co., Series W, 6.30%	STOCK	481246700	226	8,750	SH		SOLE		0	0	0
KKR Financial Holdings LLC, 8.38%	STOCK	48248A405	805	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./The, Series Q, 5.38%	STOCK	693475832	118	4,750	SH		SOLE		0	0	0
Protective Life Corp., 6.25%	STOCK	743674608	294	11,300	SH		SOLE		0	0	0
State Street Corp., Series C, 5.25%	STOCK	857477509	223	8,950	SH		SOLE		0	0	0
U.S. Bancorp, Series F, 6.50%	STOCK	902973833	210	7,300	SH		SOLE		0	0	0
Wells Fargo & Co., 5.20%	STOCK	949746747	481	19,850	SH		SOLE		0	0	0
Pitney Bowes, Inc., 6.70%	STOCK	724479506	149	5,700	SH		SOLE		0	0	0
Stanley Black & Decker, Inc., 5.75%	STOCK	854502705	528	20,687	SH		SOLE		0	0	0
CBL & Associates Properties, Inc., Series E, 6.63%	STOCK	124830803	531	21,443	SH		SOLE		0	0	0
DDR Corp., Series J, 6.50%	STOCK	23317H607	231	9,184	SH		SOLE		0	0	0
Digital Realty Trust, Inc., Series E, 7.00%	STOCK	253868707	852	33,392	SH		SOLE		0	0	0
Digital Realty Trust, Inc., Series F, 6.63%	STOCK	253868806	292	11,552	SH		SOLE		0	0	0
Digital Realty Trust, Inc., Series I, 6.35%	STOCK	253868863	396	16,000	SH		SOLE		0	0	0
Equity Commonwealth, 5.75%	STOCK	294628508	240	10,000	SH		SOLE		0	0	0
Health Care REIT, Inc., Series J, 6.50%	STOCK	42217K700	732	28,880	SH		SOLE		0	0	0
Hudson Pacific Properties, Inc., Series B, 8.38%	STOCK	444097208	329	12,996	SH		SOLE		0	0	0
Kilroy Realty Corp.	STOCK	49427F702	522	20,264	SH		SOLE		0	0	0
Kimco Realty Corp., Series K, 5.63%	STOCK	49446R745	597	24,367	SH		SOLE		0	0	0
Kimco Realty Corp., Series J, 5.50%	STOCK	49446R778	963	39,809	SH		SOLE		0	0	0
Kimco Realty Corp., Series I, 6.00%	STOCK	49446R794	820	32,490	SH		SOLE		0	0	0
National Retail Properties, Inc., Series D, 6.63%	STOCK	637417601	366	14,440	SH		SOLE		0	0	0
PS Business Parks, Inc., Series V, 5.70%	STOCK	69360J644	155	6,498	SH		SOLE		0	0	0
PS Business Parks, Inc., Series T, 6.00%	STOCK	69360J685	1,010	40,522	SH		SOLE		0	0	0
PS Business Parks, Inc., Series S, 6.45%	STOCK	69360J719	343	13,537	SH		SOLE		0	0	0
Public Storage, Series R, 6.35%	STOCK	74460D125	833	32,490	SH		SOLE		0	0	0
Public Storage, Series Q, 6.50%	STOCK	74460D141	367	14,440	SH		SOLE		0	0	0
Public Storage, Series S, 5.90%	STOCK	74460W206	315	12,487	SH		SOLE		0	0	0
Public Storage, Series A, 5.88%	STOCK	74460W792	179	7,076	SH		SOLE		0	0	0
Regency Centers Corp., Series 6, 6.63%	STOCK	758849707	915	36,221	SH		SOLE		0	0	0
Regency Centers Corp., Series 7, 6.00%	STOCK	758849806	700	28,225	SH		SOLE		0	0	0
Senior Housing Properties Trust, 5.63%	STOCK	81721M208	981	40,000	SH		SOLE		0	0	0
Taubman Centers, Inc., Series J, 6.50%	STOCK	876664608	657	26,286	SH		SOLE		0	0	0
Taubman Centers, Inc., Series K, 6.25%	STOCK	876664707	648	26,079	SH		SOLE		0	0	0
Ventas Realty LP / Ventas Capital Corp., 5.45%	STOCK	92276M204	250	10,000	SH		SOLE		0	0	0
Vornado Realty Trust, Series L, 5.40%	STOCK	929042844	276	12,298	SH		SOLE		0	0	0
Vornado Realty Trust, Series J, 6.88%	STOCK	929042869	413	16,170	SH		SOLE		0	0	0
Vornado Realty Trust, Series I, 6.63%	STOCK	929042877	289	11,561	SH		SOLE		0	0	0
Telephone & Data Systems, Inc., 5.88%	STOCK	879433795	102	4,275	SH		SOLE		0	0	0
United States Cellular Corp., 7.25%	STOCK	911684504	237	9,375	SH		SOLE		0	0	0
Duke Energy Corp., 5.13%	STOCK	26441C303	226	9,030	SH		SOLE		0	0	0
NextEra Energy Capital Holdings, Inc., Series H, 5.63%	STOCK	65339K704	217	8,775	SH		SOLE		0	0	0
NextEra Energy Capital Holdings, Inc., 5.00%	STOCK	65339K886	157	6,700	SH		SOLE		0	0	0
SCE Trust I, 5.63%	STOCK	78406T201	469	19,125	SH		SOLE		0	0	0
SCE Trust II, 5.10%	STOCK	78407R204	181	7,700	SH		SOLE		0	0	0
Altria Group, Inc.	STOCK	02209S103	359	6,590	SH		SOLE		0	0	0
Philip Morris International, Inc.	STOCK	718172109	334	4,210	SH		SOLE		0	0	0
Reynolds American, Inc.	STOCK	761713106	73	1,652	SH		SOLE		0	0	0
American Midstream Partners LP	STOCK	02752P100	372	33,585	SH		SOLE		0	0	0
Azure Midstream Partners LP	STOCK	05501X100	325	54,940	SH		SOLE		0	0	0
Buckeye Partners LP	STOCK	118230101	294	4,955	SH		SOLE		0	0	0
Calumet Specialty Products Partners LP	STOCK	131476103	355	14,620	SH		SOLE		0	0	0
DCP Midstream Partners LP	STOCK	23311P100	208	8,590	SH		SOLE		0	0	0
Enbridge Energy Partners LP	STOCK	29250R106	511	20,686	SH		SOLE		0	0	0
Energy Transfer Partners LP	STOCK	29273R109	560	13,633	SH		SOLE		0	0	0
EnLink Midstream Partners LP	STOCK	29336U107	317	20,140	SH		SOLE		0	0	0
Global Partners LP	STOCK	37946R109	285	10,065	SH		SOLE		0	0	0
Kinder Morgan, Inc.	STOCK	49456B101	445	16,082	SH		SOLE		0	0	0
NGL Energy Partners LP	STOCK	62913M107	169	8,449	SH		SOLE		0	0	0
Plains All American Pipeline LP	STOCK	726503105	370	12,180	SH		SOLE		0	0	0
Rose Rock Midstream LP	STOCK	777149105	106	4,340	SH		SOLE		0	0	0
Southcross Energy Partners LP	STOCK	84130C100	88	17,861	SH		SOLE		0	0	0
TC PipeLines LP	STOCK	87233Q108	278	5,830	SH		SOLE		0	0	0
Targa Resources Partners LP	STOCK	87611X105	363	12,500	SH		SOLE		0	0	0
Tesoro Logistics LP	STOCK	88160T107	490	10,885	SH		SOLE		0	0	0
USA Compression Partners LP	STOCK	90290N109	245	16,966	SH		SOLE		0	0	0
Williams Partners LP	STOCK	96949L105	589	18,445	SH		SOLE		0	0	0
BGC Partners, Inc.	STOCK	05541T101	568	69,044	SH		SOLE		0	0	0
Blackstone Group LP/The	STOCK	09253U108	396	12,505	SH		SOLE		0	0	0
Hi-Crush Partners LP	STOCK	428337109	122	16,250	SH		SOLE		0	0	0
Apple Hospitality REIT, Inc.	STOCK	03784Y200	408	21,950	SH		SOLE		0	0	0
Blackstone Mortgage Trust, Inc.	STOCK	09257W100	502	18,305	SH		SOLE		0	0	0
City Office REIT, Inc.	STOCK	178587101	642	56,470	SH		SOLE		0	0	0
Digital Realty Trust, Inc.	STOCK	253868103	311	4,760	SH		SOLE		0	0	0
Gramercy Property Trust, Inc.	STOCK	38489R605	321	15,460	SH		SOLE		0	0	0
HCP, Inc.	STOCK	40414L109	309	8,282	SH		SOLE		0	0	0
Hannon Armstrong Sustainable Infrastructure Capital, Inc.	STOCK	41068X100	1,340	77,829	SH		SOLE		0	0	0
Independence Realty Trust, Inc.	STOCK	45378A106	552	76,579	SH		SOLE		0	0	0
Lexington Realty Trust	STOCK	529043101	529	65,336	SH		SOLE		0	0	0
Starwood Property Trust, Inc.	STOCK	85571B105	308	14,990	SH		SOLE		0	0	0
WP Carey, Inc.	STOCK	92936U109	552	9,550	SH		SOLE		0	0	0
AT&T, Inc.	STOCK	00206R102	810	24,864	SH		SOLE		0	0	0
American Electric Power Co., Inc.	STOCK	025537101	351	6,170	SH		SOLE		0	0	0
Consolidated Edison, Inc.	STOCK	209115104	535	8,010	SH		SOLE		0	0	0
CHS, Inc., Series 4, 7.50%	STOCK	12542R803	636	24,000	SH		SOLE		0	0	0
Vanguard Natural Resources LLC, Series B, 7.63%	STOCK	92205F304	47	3,100	SH		SOLE		0	0	0
Aegon NV, 6.38%	STOCK	007924301	252	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	53	2,000	SH		SOLE		0	0	0
Capital One Financial Corp., Series D, 6.70%	STOCK	14040H709	265	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	238	10,000	SH		SOLE		0	0	0
Hancock Holding Co., 5.95%	STOCK	410120307	248	10,200	SH		SOLE		0	0	0
JPMorgan Chase & Co., Series W, 6.30%	STOCK	481246700	407	15,750	SH		SOLE		0	0	0
JPMorgan Chase & Co., Series T, 6.70%	STOCK	48127A161	268	10,000	SH		SOLE		0	0	0
JPMorgan Chase & Co., Series AA, 6.10%	STOCK	48127X542	250	10,000	SH		SOLE		0	0	0
Northern Trust Corp., Series C, 5.85%	STOCK	665859872	153	6,000	SH		SOLE		0	0	0
Zions Bancorporation, 6.95%	STOCK	989701818	562	20,000	SH		SOLE		0	0	0
Pitney Bowes, Inc., 6.70%	STOCK	724479506	313	12,000	SH		SOLE		0	0	0
Alexandria Real Estate Equities, Inc., Series E, 6.45%	STOCK	015271703	272	10,800	SH		SOLE		0	0	0
CBL & Associates Properties, Inc., Series D, 7.38%	STOCK	124830605	120	4,800	SH		SOLE		0	0	0
CBL & Associates Properties, Inc., Series E, 6.63%	STOCK	124830803	65	2,640	SH		SOLE		0	0	0
DDR Corp., Series J, 6.50%	STOCK	23317H607	289	11,500	SH		SOLE		0	0	0
Digital Realty Trust, Inc., Series I, 6.35%	STOCK	253868863	247	10,000	SH		SOLE		0	0	0
Digital Realty Trust, Inc., Series H, 7.38%	STOCK	253868871	370	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	358	14,060	SH		SOLE		0	0	0
Gramercy Property Trust, Inc., Series B, 7.13%	STOCK	38489R506	77	3,000	SH		SOLE		0	0	0
Hudson Pacific Properties, Inc., Series B, 8.38%	STOCK	444097208	219	8,679	SH		SOLE		0	0	0
Kilroy Realty Corp.	STOCK	49427F702	64	2,495	SH		SOLE		0	0	0
LaSalle Hotel Properties, Series H, 7.50%	STOCK	517942702	260	10,339	SH		SOLE		0	0	0
Pebblebrook Hotel Trust, Series A, 7.88%	STOCK	70509V209	152	6,000	SH		SOLE		0	0	0
Pebblebrook Hotel Trust, Series B, 8.00%	STOCK	70509V308	67	2,600	SH		SOLE		0	0	0
Realty Income Corp., Series F, 6.63%	STOCK	756109807	167	6,500	SH		SOLE		0	0	0
SL Green Realty Corp., Series I, 6.50%	STOCK	78440X507	201	8,100	SH		SOLE		0	0	0
Taubman Centers, Inc., Series J, 6.50%	STOCK	876664608	411	16,436	SH		SOLE		0	0	0
Taubman Centers, Inc., Series K, 6.25%	STOCK	876664707	80	3,211	SH		SOLE		0	0	0
Urstadt Biddle Properties, Inc., Series F, 7.13%	STOCK	917286700	261	10,000	SH		SOLE		0	0	0
Urstadt Biddle Properties, Inc., Series G, 6.75%	STOCK	917286809	102	4,000	SH		SOLE		0	0	0
VEREIT, Inc., Series F, 6.70%	STOCK	92339V209	364	15,029	SH		SOLE		0	0	0
Qwest Corp., 6.88%	STOCK	74913G105	304	12,000	SH		SOLE		0	0	0
United States Cellular Corp., 7.25%	STOCK	911684504	215	8,500	SH		SOLE		0	0	0
Duke Energy Corp., 5.13%	STOCK	26441C303	251	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	247	10,000	SH		SOLE		0	0	0
SCE Trust I, 5.63%	STOCK	78406T201	245	10,000	SH		SOLE		0	0	0
SCE Trust II, 5.10%	STOCK	78407R204	118	5,000	SH		SOLE		0	0	0
Hannon Armstrong Sustainable Infrastructure Capital, Inc.	STOCK	41068X100	2,735	158,801	SH		SOLE		0	0	0
Azure Midstream Partners LP	STOCK	05501X100	2,467	416,778	SH		SOLE		0	0	0
Calumet Specialty Products Partners LP	STOCK	131476103	12,131	499,634	SH		SOLE		0	0	0
DCP Midstream Partners LP	STOCK	23311P100	3,374	139,522	SH		SOLE		0	0	0
Enbridge, Inc.	STOCK	29250N105	228	6,129	SH		SOLE		0	0	0
Enbridge Energy Management LLC	STOCK	29250X103	0	1	SH		SOLE		0	0	0
Exterran Holdings, Inc.	STOCK	30225X103	900	50,000	SH		SOLE		0	0	0
Kinder Morgan, Inc.	STOCK	49456B101	3,928	141,900	SH		SOLE		0	0	0
Targa Resources Partners LP	STOCK	87611X105	9,679	333,285	SH		SOLE		0	0	0
USA Compression Partners LP	STOCK	90290N109	10,658	739,079	SH		SOLE		0	0	0
Western Gas Partners LP	STOCK	958254104	10,156	216,909	SH		SOLE		0	0	0
Williams Cos., Inc./The	STOCK	969457100	196	5,325	SH		SOLE		0	0	0
Golar LNG Ltd.	STOCK	G9456A100	1,195	42,872	SH		SOLE		0	0	0
UGI Corp.	STOCK	902681105	592	17,000	SH		SOLE		0	0	0
American Midstream Partners LP	STOCK	02752P100	429	38,694	SH		SOLE		0	0	0
Antero Midstream Partners LP	STOCK	03673L103	5,103	285,700	SH		SOLE		0	0	0
Blueknight Energy Partners LP	STOCK	09625U109	1,260	222,955	SH		SOLE		0	0	0
Buckeye Partners LP	STOCK	118230101	1,656	27,935	SH		SOLE		0	0	0
Cheniere Energy Partners LP	STOCK	16411Q101	6,220	236,161	SH		SOLE		0	0	0
Cone Midstream Partners LP	STOCK	206812109	6,533	657,929	SH		SOLE		0	0	0
Dominion Midstream Partners LP	STOCK	257454108	4,242	158,002	SH		SOLE		0	0	0
EQT Midstream Partners LP	STOCK	26885B100	3,828	57,708	SH		SOLE		0	0	0
EQT GP Holdings LP	STOCK	26885J103	571	25,089	SH		SOLE		0	0	0
Enable Midstream Partners LP	STOCK	292480100	466	36,829	SH		SOLE		0	0	0
Enbridge Energy Partners LP	STOCK	29250R106	4,627	187,180	SH		SOLE		0	0	0
Energy Transfer Partners LP	STOCK	29273R109	10,184	247,977	SH		SOLE		0	0	0
EnLink Midstream Partners LP	STOCK	29336U107	3,994	253,439	SH		SOLE		0	0	0
Enterprise Products Partners LP	STOCK	293792107	11,258	452,124	SH		SOLE		0	0	0
Exterran Partners LP	STOCK	30225N105	1,537	93,572	SH		SOLE		0	0	0
Genesis Energy LP	STOCK	371927104	7,883	205,612	SH		SOLE		0	0	0
Global Partners LP	STOCK	37946R109	1,545	54,539	SH		SOLE		0	0	0
MPLX LP	STOCK	55336V100	600	15,700	SH		SOLE		0	0	0
Magellan Midstream Partners LP	STOCK	559080106	9,629	160,189	SH		SOLE		0	0	0
MarkWest Energy Partners LP	STOCK	570759100	4,485	104,522	SH		SOLE		0	0	0
Martin Midstream Partners LP	STOCK	573331105	1,455	59,619	SH		SOLE		0	0	0
Memorial Production Partners LP	STOCK	586048100	471	97,893	SH		SOLE		0	0	0
Midcoast Energy Partners LP	STOCK	59564N103	1,937	200,742	SH		SOLE		0	0	0
NGL Energy Partners LP	STOCK	62913M107	6,923	346,681	SH		SOLE		0	0	0
Northern Tier Energy LP	STOCK	665826103	4,656	204,209	SH		SOLE		0	0	0
NuStar Energy LP	STOCK	67058H102	2,970	66,271	SH		SOLE		0	0	0
Phillips 66 Partners LP	STOCK	718549207	3,533	71,703	SH		SOLE		0	0	0
Plains All American Pipeline LP	STOCK	726503105	10,025	329,989	SH		SOLE		0	0	0
Rice Midstream Partners LP	STOCK	762819100	8,565	643,000	SH		SOLE		0	0	0
Rose Rock Midstream LP	STOCK	777149105	2,115	86,911	SH		SOLE		0	0	0
Shell Midstream Partners LP	STOCK	822634101	421	14,300	SH		SOLE		0	0	0
Southcross Energy Partners LP	STOCK	84130C100	1,839	373,104	SH		SOLE		0	0	0
Spectra Energy Partners LP	STOCK	84756N109	8,191	203,645	SH		SOLE		0	0	0
Sprague Resources LP	STOCK	849343108	2,691	141,392	SH		SOLE		0	0	0
Summit Midstream Partners LP	STOCK	866142102	571	32,408	SH		SOLE		0	0	0
Sunoco Logistics Partners LP	STOCK	86764L108	7,022	245,000	SH		SOLE		0	0	0
Sunoco LP	STOCK	86765K109	852	25,174	SH		SOLE		0	0	0
Tallgrass Energy Partners LP	STOCK	874697105	4,196	106,792	SH		SOLE		0	0	0
Tesoro Logistics LP	STOCK	88160T107	3,494	77,635	SH		SOLE		0	0	0
USD Partners LP	STOCK	903318103	35	4,402	SH		SOLE		0	0	0
Valero Energy Partners LP	STOCK	91914J102	1,148	25,989	SH		SOLE		0	0	0
Western Gas Equity Partners LP	STOCK	95825R103	751	19,047	SH		SOLE		0	0	0
Williams Partners LP	STOCK	96949L105	9,303	291,440	SH		SOLE		0	0	0
Golar LNG Partners LP	STOCK	Y2745C102	1,194	81,400	SH		SOLE		0	0	0
Teekay LNG Partners LP	STOCK	Y8564M105	1,151	48,106	SH		SOLE		0	0	0
Hi-Crush Partners LP	STOCK	428337109	4,102	547,609	SH		SOLE		0	0	0
Ferrellgas Partners LP	STOCK	315293100	1,066	53,994	SH		SOLE		0	0	0
Suburban Propane Partners LP	STOCK	864482104	505	15,366	SH		SOLE		0	0	0
Dynagas LNG Partners LP, Series A, 9.00%	STOCK	Y2188B116	278	16,350	SH		SOLE		0	0	0
CHS, Inc., Series 4, 7.50%	STOCK	12542R803	530	20,000	SH		SOLE		0	0	0
CorEnergy Infrastructure Trust, Inc., Series A, 7.38%	STOCK	21870U304	455	20,000	SH		SOLE		0	0	0