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
Calumet Specialty Products Partners LP	STOCK	131476103	1,484	74,530	SH		SOLE		0	0	0
Cheniere Energy Partners LP	STOCK	16411Q101	60	2,300	SH		SOLE		0	0	0
Enterprise Products Partners LP	STOCK	293792107	1,852	72,402	SH		SOLE		0	0	0
MPLX LP	STOCK	55336V100	884	22,486	SH		SOLE		0	0	0
Magellan Midstream Partners LP	STOCK	559080106	1,019	15,000	SH		SOLE		0	0	0
Sunoco Logistics Partners LP	STOCK	86764L108	193	7,500	SH		SOLE		0	0	0
Sunoco LP	STOCK	86765K109	224	5,650	SH		SOLE		0	0	0
USA Compression Partners LP	STOCK	90290N109	575	50,000	SH		SOLE		0	0	0
Western Gas Partners LP	STOCK	958254104	712	14,980	SH		SOLE		0	0	0
NorthStar Asset Management Group, Inc.	STOCK	66705Y104	607	50,000	SH		SOLE		0	0	0
American Assets Trust, Inc.	STOCK	024013104	384	10,000	SH		SOLE		0	0	0
Apartment Investment & Management Co.	STOCK	03748R101	3,459	86,400	SH		SOLE		0	0	0
Apple Hospitality REIT, Inc.	STOCK	03784Y200	955	47,800	SH		SOLE		0	0	0
Ashford Hospitality Prime, Inc.	STOCK	044102101	480	33,100	SH		SOLE		0	0	0
Ashford Hospitality Trust, Inc.	STOCK	044103109	726	115,125	SH		SOLE		0	0	0
AvalonBay Co.mmunities, Inc.	STOCK	053484101	5,524	30,000	SH		SOLE		0	0	0
Blackstone Mortgage Trust, Inc.	STOCK	09257W100	1,204	45,000	SH		SOLE		0	0	0
Boston Properties, Inc.	STOCK	101121101	3,061	24,000	SH		SOLE		0	0	0
Camden Property Trust	STOCK	133131102	1,919	25,000	SH		SOLE		0	0	0
CareTrust REIT, Inc.	STOCK	14174T107	131	12,000	SH		SOLE		0	0	0
Chesapeake Lodging Trust	STOCK	165240102	835	33,200	SH		SOLE		0	0	0
City Office REIT, Inc.	STOCK	178587101	1,550	127,258	SH		SOLE		0	0	0
CoreSite Realty Corp.	STOCK	21870Q105	2,269	40,000	SH		SOLE		0	0	0
CorEnergy Infrastructure Trust, Inc.	STOCK	21870U502	406	27,362	SH		SOLE		0	0	0
CubeSmart	STOCK	229663109	612	20,000	SH		SOLE		0	0	0
CyrusOne, Inc.	STOCK	23283R100	936	25,000	SH		SOLE		0	0	0
DCT Industrial Trust, Inc.	STOCK	233153204	531	14,214	SH		SOLE		0	0	0
DiamondRock Hospitality Co.	STOCK	252784301	3,210	332,600	SH		SOLE		0	0	0
Digital Realty Trust, Inc.	STOCK	253868103	3,781	50,000	SH		SOLE		0	0	0
DuPont Fabros Technology, Inc.	STOCK	26613Q106	318	10,000	SH		SOLE		0	0	0
Equity LifeStyle Properties, Inc.	STOCK	29472R108	1,003	15,050	SH		SOLE		0	0	0
Equity Residential	STOCK	29476L107	4,797	58,800	SH		SOLE		0	0	0
Essex Property Trust, Inc.	STOCK	297178105	4,302	17,971	SH		SOLE		0	0	0
Extra Space Storage, Inc.	STOCK	30225T102	2,205	25,000	SH		SOLE		0	0	0
Federal Realty Investment Trust	STOCK	313747206	5,844	40,000	SH		SOLE		0	0	0
FelCor Lodging Trust, Inc.	STOCK	31430F101	2,248	307,926	SH		SOLE		0	0	0
General Growth Properties, Inc.	STOCK	370023103	1,088	40,000	SH		SOLE		0	0	0
HCP, Inc.	STOCK	40414L109	1,912	50,000	SH		SOLE		0	0	0
Hannon Armstrong Sustainable Infrastructure Capital, Inc.	STOCK	41068X100	1,581	83,567	SH		SOLE		0	0	0
Hersha Hospitality Trust	STOCK	427825500	1,741	80,000	SH		SOLE		0	0	0
Hudson Pacific Properties, Inc.	STOCK	444097109	2,533	90,000	SH		SOLE		0	0	0
Kilroy Realty Corp.	STOCK	49427F108	2,848	45,000	SH		SOLE		0	0	0
Kimco Realty Corp.	STOCK	49446R109	1,965	74,250	SH		SOLE		0	0	0
Mid-America Apartment Communities, Inc.	STOCK	59522J103	3,993	43,972	SH		SOLE		0	0	0
Pebblebrook Hotel Trust	STOCK	70509V100	3,601	128,500	SH		SOLE		0	0	0
Prologis, Inc.	STOCK	74340W103	4,292	100,000	SH		SOLE		0	0	0
QTS Realty Trust, Inc., Class A	STOCK	74736A103	2,256	50,000	SH		SOLE		0	0	0
Regency Centers Corp.	STOCK	758849103	1,362	20,000	SH		SOLE		0	0	0
SL Green Realty Corp.	STOCK	78440X101	3,299	29,200	SH		SOLE		0	0	0
Simon Property Group, Inc.	STOCK	828806109	7,778	40,000	SH		SOLE		0	0	0
Sotherly Hotels, Inc.	STOCK	83600C103	320	52,000	SH		SOLE		0	0	0
Sovran Self Storage, Inc.	STOCK	84610H108	3,402	31,700	SH		SOLE		0	0	0
Starwood Property Trust, Inc.	STOCK	85571B105	206	10,000	SH		SOLE		0	0	0
Sun Communities, Inc.	STOCK	866674104	1,247	18,200	SH		SOLE		0	0	0
UDR, Inc.	STOCK	902653104	3,797	101,056	SH		SOLE		0	0	0
Ventas, Inc.	STOCK	92276F100	2,125	37,650	SH		SOLE		0	0	0
Vornado Realty Trust	STOCK	929042109	1,000	10,000	SH		SOLE		0	0	0
WP Carey, Inc.	STOCK	92936U109	1,770	30,000	SH		SOLE		0	0	0
Welltower, Inc.	STOCK	95040Q104	1,177	17,300	SH		SOLE		0	0	0
CorEnergy Infrastructure Trust, Inc., Series A, 7.38%	STOCK	21870U304	364	20,000	SH		SOLE		0	0	0
Digital Realty Trust, Inc., Series E, 7.00%	STOCK	253868707	155	6,000	SH		SOLE		0	0	0
Digital Realty Trust, Inc., Series I, 6.35%	STOCK	253868863	257	10,000	SH		SOLE		0	0	0
Public Storage, Series Z, 6.00%	STOCK	74460W826	161	6,000	SH		SOLE		0	0	0
CBS Corp., Class B	STOCK	124857202	302	6,400	SH		SOLE		0	0	0
Comcast Corp., Class A	STOCK	20030N101	700	12,400	SH		SOLE		0	0	0
Walt Disney Co./The	STOCK	254687106	2,312	22,000	SH		SOLE		0	0	0
Home Depot, Inc./The	STOCK	437076102	2,354	17,800	SH		SOLE		0	0	0
Johnson Controls, Inc.	STOCK	478366107	474	12,000	SH		SOLE		0	0	0
McDonald's Corp.	STOCK	580135101	896	7,580	SH		SOLE		0	0	0
Ross Stores, Inc.	STOCK	778296103	334	6,200	SH		SOLE		0	0	0
Wyndham Worldwide Corp.	STOCK	98310W108	400	5,500	SH		SOLE		0	0	0
Delphi Automotive PLC	STOCK	G27823106	309	3,600	SH		SOLE		0	0	0
Altria Group, Inc.	STOCK	02209S103	1,496	25,700	SH		SOLE		0	0	0
Coca-Cola Co./The	STOCK	191216100	674	15,700	SH		SOLE		0	0	0
ConAgra Foods, Inc.	STOCK	205887102	97	2,300	SH		SOLE		0	0	0
Kimberly-Clark Corp.	STOCK	494368103	509	4,000	SH		SOLE		0	0	0
Kraft Heinz Co./The	STOCK	500754106	218	2,999	SH		SOLE		0	0	0
PepsiCo, Inc.	STOCK	713448108	914	9,150	SH		SOLE		0	0	0
Philip Morris International, Inc.	STOCK	718172109	826	9,400	SH		SOLE		0	0	0
Procter & Gamble Co./The	STOCK	742718109	389	4,900	SH		SOLE		0	0	0
Rite Aid Corp.	STOCK	767754104	698	89,050	SH		SOLE		0	0	0
Wal-Mart Stores, Inc.	STOCK	931142103	314	5,124	SH		SOLE		0	0	0
Walgreens Boots Alliance, Inc.	STOCK	931427108	711	8,350	SH		SOLE		0	0	0
Apache Corp.	STOCK	037411105	133	3,000	SH		SOLE		0	0	0
Chevron Corp.	STOCK	166764100	594	6,600	SH		SOLE		0	0	0
ConocoPhillips	STOCK	20825C104	493	10,550	SH		SOLE		0	0	0
Devon Energy Corp.	STOCK	25179M103	163	5,100	SH		SOLE		0	0	0
EOG Resources, Inc.	STOCK	26875P101	333	4,700	SH		SOLE		0	0	0
Exxon Mobil Corp.	STOCK	30231G102	1,193	15,300	SH		SOLE		0	0	0
Halliburton Co.	STOCK	406216101	242	7,100	SH		SOLE		0	0	0
Schlumberger Ltd.	STOCK	806857108	445	6,375	SH		SOLE		0	0	0
Tesoro Corp.	STOCK	881609101	211	2,000	SH		SOLE		0	0	0
Valero Energy Corp.	STOCK	91913Y100	615	8,700	SH		SOLE		0	0	0
American Express Co.	STOCK	025816109	696	10,000	SH		SOLE		0	0	0
Bank of America Corp.	STOCK	060505104	725	43,100	SH		SOLE		0	0	0
Blackstone Group LP/The	STOCK	09253U108	415	14,200	SH		SOLE		0	0	0
CME Group, Inc.	STOCK	12572Q105	100	1,100	SH		SOLE		0	0	0
Capital One Financial Corp.	STOCK	14040H105	180	2,500	SH		SOLE		0	0	0
Citigroup, Inc.	STOCK	172967424	750	14,500	SH		SOLE		0	0	0
FNF Group, Class A	STOCK	31620R303	87	2,500	SH		SOLE		0	0	0
Goldman Sachs Group, Inc./The	STOCK	38141G104	832	4,615	SH		SOLE		0	0	0
Hartford Financial Services Group, Inc./The	STOCK	416515104	608	14,000	SH		SOLE		0	0	0
JPMorgan Chase & Co.	STOCK	46625H100	1,336	20,227	SH		SOLE		0	0	0
MetLife, Inc.	STOCK	59156R108	524	10,875	SH		SOLE		0	0	0
Prudential Financial, Inc.	STOCK	744320102	488	6,000	SH		SOLE		0	0	0
Travelers Cos., Inc./The	STOCK	89417E109	508	4,500	SH		SOLE		0	0	0
U.S. Bancorp	STOCK	902973304	414	9,700	SH		SOLE		0	0	0
Wells Fargo & Co.	STOCK	949746101	880	16,186	SH		SOLE		0	0	0
AbbVie, Inc.	STOCK	00287Y109	456	7,700	SH		SOLE		0	0	0
Aetna, Inc.	STOCK	00817Y108	411	3,800	SH		SOLE		0	0	0
Amgen, Inc.	STOCK	031162100	528	3,250	SH		SOLE		0	0	0
Bristol-Myers Squibb Co.	STOCK	110122108	598	8,700	SH		SOLE		0	0	0
Cigna Corp.	STOCK	125509109	293	2,000	SH		SOLE		0	0	0
Celgene Corp.	STOCK	151020104	479	4,000	SH		SOLE		0	0	0
Gilead Sciences, Inc.	STOCK	375558103	810	8,000	SH		SOLE		0	0	0
Humana, Inc.	STOCK	444859102	536	3,000	SH		SOLE		0	0	0
IMS Health Holdings, Inc.	STOCK	44970B109	502	19,700	SH		SOLE		0	0	0
Johnson & Johnson	STOCK	478160104	1,234	12,010	SH		SOLE		0	0	0
McKesson Corp.	STOCK	58155Q103	986	5,000	SH		SOLE		0	0	0
Merck & Co., Inc.	STOCK	58933Y105	819	15,500	SH		SOLE		0	0	0
Pfizer, Inc.	STOCK	717081103	546	16,900	SH		SOLE		0	0	0
Quest Diagnostics, Inc.	STOCK	74834L100	178	2,500	SH		SOLE		0	0	0
Thermo Fisher Scientific, Inc.	STOCK	883556102	383	2,700	SH		SOLE		0	0	0
UnitedHealth Group, Inc.	STOCK	91324P102	1,459	12,400	SH		SOLE		0	0	0
Allergan PLC	STOCK	G0177J108	1,906	6,100	SH		SOLE		0	0	0
Medtronic PLC	STOCK	G5960L103	787	10,229	SH		SOLE		0	0	0
Mylan NV	STOCK	N59465109	519	9,600	SH		SOLE		0	0	0
Boeing Co./The	STOCK	097023105	896	6,200	SH		SOLE		0	0	0
CSX Corp.	STOCK	126408103	260	10,000	SH		SOLE		0	0	0
Caterpillar, Inc.	STOCK	149123101	204	3,000	SH		SOLE		0	0	0
General Electric Co.	STOCK	369604103	1,024	32,881	SH		SOLE		0	0	0
Honeywell International, Inc.	STOCK	438516106	642	6,200	SH		SOLE		0	0	0
Masco Corp.	STOCK	574599106	142	5,000	SH		SOLE		0	0	0
3M Co.	STOCK	88579Y101	851	5,650	SH		SOLE		0	0	0
United Technologies Corp.	STOCK	913017109	173	1,800	SH		SOLE		0	0	0
Tyco International PLC	STOCK	G91442106	246	7,700	SH		SOLE		0	0	0
Adobe Systems, Inc.	STOCK	00724F101	395	4,200	SH		SOLE		0	0	0
Apple, Inc.	STOCK	037833100	2,653	25,200	SH		SOLE		0	0	0
Applied Materials, Inc.	STOCK	038222105	332	17,800	SH		SOLE		0	0	0
Cisco Systems, Inc.	STOCK	17275R102	665	24,500	SH		SOLE		0	0	0
Cognizant Technology Solutions Corp., Class A	STOCK	192446102	606	10,100	SH		SOLE		0	0	0
Corning, Inc.	STOCK	219350105	241	13,200	SH		SOLE		0	0	0
EMC Corp.	STOCK	268648102	180	7,000	SH		SOLE		0	0	0
HP, Inc.	STOCK	40434L105	130	11,000	SH		SOLE		0	0	0
Hewlett Packard Enterprise Co.	STOCK	42824C109	167	11,000	SH		SOLE		0	0	0
Intel Corp.	STOCK	458140100	909	26,400	SH		SOLE		0	0	0
International Business Machines Corp.	STOCK	459200101	393	2,858	SH		SOLE		0	0	0
MasterCard, Inc., Class A	STOCK	57636Q104	876	9,000	SH		SOLE		0	0	0
Microsoft Corp.	STOCK	594918104	1,911	34,450	SH		SOLE		0	0	0
NetApp, Inc.	STOCK	64110D104	80	3,000	SH		SOLE		0	0	0
Oracle Corp.	STOCK	68389X105	906	24,800	SH		SOLE		0	0	0
Paychex, Inc.	STOCK	704326107	328	6,200	SH		SOLE		0	0	0
QUALCOMM, Inc.	STOCK	747525103	440	8,800	SH		SOLE		0	0	0
Symantec Corp.	STOCK	871503108	443	21,100	SH		SOLE		0	0	0
Texas Instruments, Inc.	STOCK	882508104	818	14,925	SH		SOLE		0	0	0
Visa, Inc.	STOCK	92826C839	1,559	20,100	SH		SOLE		0	0	0
Accenture PLC, Class A	STOCK	G1151C101	314	3,000	SH		SOLE		0	0	0
Ball Corp.	STOCK	058498106	225	3,100	SH		SOLE		0	0	0
Dow Chemical Co./The	STOCK	260543103	445	8,650	SH		SOLE		0	0	0
EI du Pont de Nemours & Co.	STOCK	263534109	733	11,000	SH		SOLE		0	0	0
Packaging Corp. of America	STOCK	695156109	434	6,880	SH		SOLE		0	0	0
LyondellBasell Industries NV, Class A	STOCK	N53745100	421	4,850	SH		SOLE		0	0	0
Apartment Investment & Management Co., Class A	STOCK	03748R101	100	2,500	SH		SOLE		0	0	0
Apple Hospitality REIT, Inc.	STOCK	03784Y200	232	11,600	SH		SOLE		0	0	0
DiamondRock Hospitality Co.	STOCK	252784301	290	30,100	SH		SOLE		0	0	0
Digital Realty Trust, Inc.	STOCK	253868103	408	5,400	SH		SOLE		0	0	0
Essex Property Trust, Inc.	STOCK	297178105	120	500	SH		SOLE		0	0	0
FelCor Lodging Trust, Inc.	STOCK	31430F101	183	25,000	SH		SOLE		0	0	0
HCP, Inc.	STOCK	40414L109	386	10,100	SH		SOLE		0	0	0
Prologis, Inc.	STOCK	74340W103	215	5,000	SH		SOLE		0	0	0
Public Storage	STOCK	74460D109	248	1,000	SH		SOLE		0	0	0
Simon Property Group, Inc.	STOCK	828806109	506	2,600	SH		SOLE		0	0	0
AT&T, Inc.	STOCK	00206R102	872	25,350	SH		SOLE		0	0	0
CenturyLink, Inc.	STOCK	156700106	45	1,800	SH		SOLE		0	0	0
Verizon Communications, Inc.	STOCK	92343V104	945	20,440	SH		SOLE		0	0	0
American Electric Power Co., Inc.	STOCK	025537101	102	1,750	SH		SOLE		0	0	0
NextEra Energy, Inc.	STOCK	65339F101	426	4,100	SH		SOLE		0	0	0
WEC Energy Group, Inc.	STOCK	92939U106	765	14,900	SH		SOLE		0	0	0
CHS, Inc., Series 3, 6.75%	STOCK	12542R704	54	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	209	5,000	SH		SOLE		0	0	0
Aegon NV, 6.38%	STOCK	007924301	129	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., 6.00%	STOCK	025932708	136	5,300	SH		SOLE		0	0	0
AmTrust Financial Services, Inc., 7.50%	STOCK	032359853	65	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	54	2,000	SH		SOLE		0	0	0
Capital One Financial Corp., Series D, 6.70%	STOCK	14040H709	55	2,000	SH		SOLE		0	0	0
Citigroup, Inc., Series L, 6.88%	STOCK	172967333	82	3,000	SH		SOLE		0	0	0
First Republic Bank, Series F, 5.70%	STOCK	33616C852	128	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	55	2,000	SH		SOLE		0	0	0
JPMorgan Chase & Co., Series Y, 6.13%	STOCK	48127R461	104	4,000	SH		SOLE		0	0	0
JPMorgan Chase & Co., Series BB, 6.15%	STOCK	48127V827	104	4,000	SH		SOLE		0	0	0
KKR Financial Holdings LLC, Series A, 7.38%	STOCK	48248A603	80	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	51	2,000	SH		SOLE		0	0	0
Prospect Capital Corp., 6.25%	STOCK	74348T300	94	4,000	SH		SOLE		0	0	0
Charles Schwab Corp./The, Series C, 6.00%	STOCK	808513402	54	2,000	SH		SOLE		0	0	0
AdCare Health Systems, Inc., Series A, 10.88%	STOCK	00650W409	77	3,500	SH		SOLE		0	0	0
Peregrine Pharmaceuticals, Inc., Series E, 10.50%	STOCK	713661403	54	2,500	SH		SOLE		0	0	0
American Capital Agency Corp., 7.75%	STOCK	02503X303	71	3,000	SH		SOLE		0	0	0
Digital Realty Trust, Inc., Series I, 6.35%	STOCK	253868863	64	2,500	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	126	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	130	5,000	SH		SOLE		0	0	0
Qwest Corp, 6.63%	STOCK	74913G709	63	2,500	SH		SOLE		0	0	0
Telephone & Data Systems, Inc., 7.00%	STOCK	879433837	101	4,000	SH		SOLE		0	0	0
United States Cellular Corp., 7.25%	STOCK	911684504	51	2,000	SH		SOLE		0	0	0
United States Cellular Corp., 7.25%	STOCK	911684603	63	2,500	SH		SOLE		0	0	0
Southern Co./The, 6.25%	STOCK	842587206	54	2,000	SH		SOLE		0	0	0
Buckeye Partners LP	STOCK	118230101	699	10,590	SH		SOLE		0	0	0
Calumet Specialty Products Partners LP	STOCK	131476103	169	8,500	SH		SOLE		0	0	0
Cone Midstream Partners LP	STOCK	206812109	84	8,500	SH		SOLE		0	0	0
Enbridge Energy Partners LP	STOCK	29250R106	796	34,519	SH		SOLE		0	0	0
Energy Transfer Partners LP	STOCK	29273R109	1,134	33,631	SH		SOLE		0	0	0
EnLink Midstream Partners LP	STOCK	29336U107	561	33,865	SH		SOLE		0	0	0
Global Partners LP	STOCK	37946R109	127	7,215	SH		SOLE		0	0	0
Kinder Morgan, Inc.	STOCK	49456B101	768	51,442	SH		SOLE		0	0	0
MPLX LP	STOCK	55336V100	582	14,800	SH		SOLE		0	0	0
Plains All American Pipeline LP	STOCK	726503105	74	3,200	SH		SOLE		0	0	0
TC PipeLines LP	STOCK	87233Q108	532	10,695	SH		SOLE		0	0	0
Targa Resources Partners LP	STOCK	87611X105	340	20,547	SH		SOLE		0	0	0
Tesoro Logistics LP	STOCK	88160T107	322	6,405	SH		SOLE		0	0	0
USA Compression Partners LP	STOCK	90290N109	147	12,796	SH		SOLE		0	0	0
Western Gas Partners LP	STOCK	958254104	309	6,500	SH		SOLE		0	0	0
Williams Partners LP	STOCK	96949L105	474	17,022	SH		SOLE		0	0	0
Blackstone Group LP/The	STOCK	09253U108	208	7,100	SH		SOLE		0	0	0
Apple Hospitality REIT, Inc.	STOCK	03784Y200	436	21,850	SH		SOLE		0	0	0
Blackstone Mortgage Trust, Inc.	STOCK	09257W100	309	11,565	SH		SOLE		0	0	0
City Office REIT, Inc.	STOCK	178587101	244	20,000	SH		SOLE		0	0	0
Hannon Armstrong Sustainable Infrastructure Capital, Inc.	STOCK	41068X100	1,472	77,792	SH		SOLE		0	0	0
AT&T, Inc.	STOCK	00206R102	206	6,000	SH		SOLE		0	0	0
Aflac, Inc., 5.50%	STOCK	001055300	229	8,850	SH		SOLE		0	0	0
Aegon NV, 8.00%	STOCK	007924608	355	12,900	SH		SOLE		0	0	0
American Financial Group, Inc., 6.00%	STOCK	025932708	223	8,700	SH		SOLE		0	0	0
Aviva PLC, 8.25%	STOCK	05382A203	344	12,990	SH		SOLE		0	0	0
Bank of New York Mellon Corp./The, 5.20%	STOCK	064058209	224	8,700	SH		SOLE		0	0	0
First Republic Bank, Series F, 5.70%	STOCK	33616C852	230	9,000	SH		SOLE		0	0	0
Hancock Holding Co., 5.95%	STOCK	410120307	91	3,700	SH		SOLE		0	0	0
JPMorgan Chase & Co, Series P, 5.45%	STOCK	46637G124	113	4,480	SH		SOLE		0	0	0
JPMorgan Chase & Co., Series W, 6.30%	STOCK	481246700	230	8,750	SH		SOLE		0	0	0
KKR Financial Holdings LLC, 8.38%	STOCK	48248A405	794	30,000	SH		SOLE		0	0	0
KKR Financial Holdings LLC, 7.50%	STOCK	48248A504	262	10,000	SH		SOLE		0	0	0
PNC Financial Services Group, Inc./The, Series Q, 5.38%	STOCK	693475832	109	4,250	SH		SOLE		0	0	0
Protective Life Corp., 6.25%	STOCK	743674608	297	11,300	SH		SOLE		0	0	0
Royal Bank of Canada, Series C-1, 5.50%	STOCK	78013G402	296	11,700	SH		SOLE		0	0	0
State Street Corp., Series C, 5.25%	STOCK	857477509	211	8,050	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	402	15,850	SH		SOLE		0	0	0
Pitney Bowes, Inc., 6.70%	STOCK	724479506	154	5,700	SH		SOLE		0	0	0
Stanley Black & Decker, Inc., 5.75%	STOCK	854502705	536	20,687	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	863	33,392	SH		SOLE		0	0	0
Digital Realty Trust, Inc., Series F, 6.63%	STOCK	253868806	302	11,552	SH		SOLE		0	0	0
Digital Realty Trust, Inc., Series I, 6.35%	STOCK	253868863	411	16,000	SH		SOLE		0	0	0
Equity Commonwealth, 5.75%	STOCK	294628508	245	10,000	SH		SOLE		0	0	0
Kilroy Realty Corp., 6.88%	STOCK	49427F702	523	20,264	SH		SOLE		0	0	0
Kimco Realty Corp., Series K, 5.63%	STOCK	49446R745	611	24,367	SH		SOLE		0	0	0
Kimco Realty Corp., Series J, 5.50%	STOCK	49446R778	982	39,809	SH		SOLE		0	0	0
Kimco Realty Corp., Series I, 6.00%	STOCK	49446R794	841	32,490	SH		SOLE		0	0	0
National Retail Properties, Inc., Series D, 6.63%	STOCK	637417601	376	14,440	SH		SOLE		0	0	0
PS Business Parks, Inc., Series V, 5.70%	STOCK	69360J644	163	6,498	SH		SOLE		0	0	0
PS Business Parks, Inc., Series T, 6.00%	STOCK	69360J685	1,035	40,522	SH		SOLE		0	0	0
PS Business Parks, Inc., Series S, 6.45%	STOCK	69360J719	356	13,537	SH		SOLE		0	0	0
Public Storage, Series R, 6.35%	STOCK	74460D125	839	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	323	12,487	SH		SOLE		0	0	0
Public Storage, Series A, 5.88%	STOCK	74460W792	187	7,076	SH		SOLE		0	0	0
Regency Centers Corp., Series 6, 6.63%	STOCK	758849707	958	36,221	SH		SOLE		0	0	0
Regency Centers Corp., Series 7, 6.00%	STOCK	758849806	721	28,225	SH		SOLE		0	0	0
Senior Housing Properties Trust, 5.63%	STOCK	81721M208	1,015	40,000	SH		SOLE		0	0	0
Taubman Centers, Inc., Series J, 6.50%	STOCK	876664608	240	9,416	SH		SOLE		0	0	0
Taubman Centers, Inc., Series K, 6.25%	STOCK	876664707	333	13,046	SH		SOLE		0	0	0
Ventas Capital Corp., 5.45%	STOCK	92276M204	261	10,000	SH		SOLE		0	0	0
Vornado Realty Trust, Series L, 5.40%	STOCK	929042844	299	12,298	SH		SOLE		0	0	0
Vornado Realty Trust, Series J, 6.88%	STOCK	929042869	414	16,170	SH		SOLE		0	0	0
Welltower, Inc., Series J, 6.50%	STOCK	95040Q302	746	28,880	SH		SOLE		0	0	0
Duke Energy Corp., 5.13%	STOCK	26441C303	232	9,030	SH		SOLE		0	0	0
NextEra Energy Capital Holdings, Inc., Series H, 5.63%	STOCK	65339K704	223	8,775	SH		SOLE		0	0	0
NextEra Energy Capital Holdings, Inc., 5.00%	STOCK	65339K886	166	6,700	SH		SOLE		0	0	0
SCE Trust I, 5.63%	STOCK	78406T201	484	19,125	SH		SOLE		0	0	0
Altria Group, Inc.	STOCK	02209S103	384	6,590	SH		SOLE		0	0	0
Philip Morris International, Inc.	STOCK	718172109	370	4,210	SH		SOLE		0	0	0
Reynolds American, Inc.	STOCK	761713106	178	3,852	SH		SOLE		0	0	0
American Midstream Partners LP	STOCK	02752P100	141	17,415	SH		SOLE		0	0	0
Buckeye Partners LP	STOCK	118230101	376	5,705	SH		SOLE		0	0	0
Calumet Specialty Products Partners LP	STOCK	131476103	291	14,620	SH		SOLE		0	0	0
Cheniere Energy Partners LP	STOCK	16411Q101	297	11,400	SH		SOLE		0	0	0
Cone Midstream Partners LP	STOCK	206812109	216	21,900	SH		SOLE		0	0	0
DCP Midstream Partners LP	STOCK	23311P100	257	10,415	SH		SOLE		0	0	0
Enbridge Energy Partners LP	STOCK	29250R106	520	22,561	SH		SOLE		0	0	0
Energy Transfer Partners LP	STOCK	29273R109	536	15,903	SH		SOLE		0	0	0
EnLink Midstream Partners LP	STOCK	29336U107	334	20,140	SH		SOLE		0	0	0
Enterprise Products Partners LP	STOCK	293792107	465	18,180	SH		SOLE		0	0	0
Global Partners LP	STOCK	37946R109	205	11,665	SH		SOLE		0	0	0
Kinder Morgan, Inc.	STOCK	49456B101	296	19,832	SH		SOLE		0	0	0
MPLX LP	STOCK	55336V100	315	8,000	SH		SOLE		0	0	0
NGL Energy Partners LP	STOCK	62913M107	93	8,449	SH		SOLE		0	0	0
Plains All American Pipeline LP	STOCK	726503105	320	13,870	SH		SOLE		0	0	0
Rose Rock Midstream LP	STOCK	777149105	65	4,340	SH		SOLE		0	0	0
Southcross Energy Partners LP	STOCK	84130C100	64	17,861	SH		SOLE		0	0	0
Sunoco Logistics Partners LP	STOCK	86764L108	332	12,900	SH		SOLE		0	0	0
Sunoco LP	STOCK	86765K109	285	7,200	SH		SOLE		0	0	0
TC PipeLines LP	STOCK	87233Q108	314	6,320	SH		SOLE		0	0	0
Targa Resources Partners LP	STOCK	87611X105	207	12,500	SH		SOLE		0	0	0
Tesoro Logistics LP	STOCK	88160T107	719	14,285	SH		SOLE		0	0	0
USA Compression Partners LP	STOCK	90290N109	195	16,966	SH		SOLE		0	0	0
Williams Partners LP	STOCK	96949L105	557	19,985	SH		SOLE		0	0	0
BGC Partners, Inc.	STOCK	05541T101	677	69,044	SH		SOLE		0	0	0
Blackstone Group LP/The	STOCK	09253U108	366	12,505	SH		SOLE		0	0	0
Apple Hospitality REIT, Inc.	STOCK	03784Y200	542	27,150	SH		SOLE		0	0	0
Blackstone Mortgage Trust, Inc.	STOCK	09257W100	490	18,305	SH		SOLE		0	0	0
City Office REIT, Inc.	STOCK	178587101	688	56,470	SH		SOLE		0	0	0
Digital Realty Trust, Inc.	STOCK	253868103	360	4,760	SH		SOLE		0	0	0
Gramercy Property Trust	STOCK	385002100	381	49,314	SH		SOLE		0	0	0
HCP, Inc.	STOCK	40414L109	477	12,482	SH		SOLE		0	0	0
Hannon Armstrong Sustainable Infrastructure Capital, Inc.	STOCK	41068X100	1,473	77,829	SH		SOLE		0	0	0
Independence Realty Trust, Inc.	STOCK	45378A106	575	76,579	SH		SOLE		0	0	0
Lexington Realty Trust	STOCK	529043101	523	65,336	SH		SOLE		0	0	0
Starwood Property Trust, Inc.	STOCK	85571B105	411	19,990	SH		SOLE		0	0	0
WP Carey, Inc.	STOCK	92936U109	563	9,550	SH		SOLE		0	0	0
AT&T, Inc.	STOCK	00206R102	856	24,864	SH		SOLE		0	0	0
American Electric Power Co., Inc.	STOCK	025537101	360	6,170	SH		SOLE		0	0	0
Consolidated Edison, Inc.	STOCK	209115104	515	8,010	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	28	3,100	SH		SOLE		0	0	0
Aegon NV, 6.38%	STOCK	007924301	258	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	276	10,000	SH		SOLE		0	0	0
Citigroup, Inc., Series K, 6.88%	STOCK	172967341	334	12,000	SH		SOLE		0	0	0
First Republic Bank, Series F, 5.70%	STOCK	33616C852	255	10,000	SH		SOLE		0	0	0
Hancock Holding Co., 5.95%	STOCK	410120307	250	10,200	SH		SOLE		0	0	0
JPMorgan Chase & Co., Series W, 6.30%	STOCK	481246700	414	15,750	SH		SOLE		0	0	0
JPMorgan Chase & Co., Series T, 6.70%	STOCK	48127A161	275	10,000	SH		SOLE		0	0	0
JPMorgan Chase & Co., Series AA, 6.10%	STOCK	48127X542	259	10,000	SH		SOLE		0	0	0
Northern Trust Corp., Series C, 5.85%	STOCK	665859872	161	6,000	SH		SOLE		0	0	0
Zions Bancorp, 6.95%	STOCK	989701818	575	20,000	SH		SOLE		0	0	0
Pitney Bowes, Inc., 6.70%	STOCK	724479506	324	12,000	SH		SOLE		0	0	0
Alexandria Real Estate Equities, Inc., Series E, 6.45%	STOCK	015271703	280	10,800	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	66	2,640	SH		SOLE		0	0	0
DDR Corp., Series J, 6.50%	STOCK	23317H607	290	11,500	SH		SOLE		0	0	0
Digital Realty Trust, Inc., Series I, 6.35%	STOCK	253868863	257	10,000	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	148	6,000	SH		SOLE		0	0	0
Equity Commonwealth, Series E, 7.25%	STOCK	294628409	360	14,060	SH		SOLE		0	0	0
Equity Commonwealth, 5.75%	STOCK	294628508	245	10,000	SH		SOLE		0	0	0
Gramercy Property Trust, Series A, 7.13%	STOCK	385002209	74	3,000	SH		SOLE		0	0	0
Kilroy Realty Corp., 6.88%	STOCK	49427F702	64	2,495	SH		SOLE		0	0	0
LaSalle Hotel Properties, Series H, 7.50%	STOCK	517942702	258	10,339	SH		SOLE		0	0	0
Pebblebrook Hotel Trust, Series A, 7.88%	STOCK	70509V209	151	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	172	6,500	SH		SOLE		0	0	0
SL Green Realty Corp., Series I, 6.50%	STOCK	78440X507	206	8,100	SH		SOLE		0	0	0
Taubman Centers, Inc., Series J, 6.50%	STOCK	876664608	419	16,436	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	259	10,000	SH		SOLE		0	0	0
Urstadt Biddle Properties, Inc., Series G, 6.75%	STOCK	917286809	105	4,000	SH		SOLE		0	0	0
VEREIT, Inc., Series F, 6.70%	STOCK	92339V209	370	15,029	SH		SOLE		0	0	0
Qwest Corp., 6.88%	STOCK	74913G105	309	12,000	SH		SOLE		0	0	0
United States Cellular Corp., 7.25%	STOCK	911684504	218	8,500	SH		SOLE		0	0	0
Duke Energy Corp., 5.13%	STOCK	26441C303	257	10,000	SH		SOLE		0	0	0
Entergy Mississippi, Inc., 6.00%	STOCK	29364N835	56	2,150	SH		SOLE		0	0	0
NextEra Energy Capital Holdings, Inc., Series H, 5.63%	STOCK	65339K704	254	10,000	SH		SOLE		0	0	0
SCE Trust I, 5.63%	STOCK	78406T201	253	10,000	SH		SOLE		0	0	0
SCE Trust II, 5.10%	STOCK	78407R204	123	5,000	SH		SOLE		0	0	0
Hannon Armstrong Sustainable Infrastructure Capital, Inc.	STOCK	41068X100	4,424	233,801	SH		SOLE		0	0	0
Archrock, Inc.	STOCK	03957W106	376	50,000	SH		SOLE		0	0	0
Enbridge, Inc.	STOCK	29250N105	758	22,829	SH		SOLE		0	0	0
Enbridge Energy Management LLC	STOCK	29250X103	0	1	SH		SOLE		0	0	0
Kinder Morgan, Inc.	STOCK	49456B101	2,468	165,400	SH		SOLE		0	0	0
Marathon Oil Corp.	STOCK	565849106	655	52,000	SH		SOLE		0	0	0
Marathon Petroleum Corp.	STOCK	56585A102	1,161	22,400	SH		SOLE		0	0	0
Occidental Petroleum Corp.	STOCK	674599105	1,670	24,700	SH		SOLE		0	0	0
Valero Energy Corp.	STOCK	91913Y100	1,149	16,250	SH		SOLE		0	0	0
Williams Cos., Inc./The	STOCK	969457100	137	5,325	SH		SOLE		0	0	0
Golar LNG Ltd.	STOCK	G9456A100	1,480	93,722	SH		SOLE		0	0	0
UGI Corp.	STOCK	902681105	574	17,000	SH		SOLE		0	0	0
American Midstream Partners LP	STOCK	02752P100	313	38,694	SH		SOLE		0	0	0
Antero Midstream Partners LP	STOCK	03673L103	6,520	285,700	SH		SOLE		0	0	0
Archrock Partners LP	STOCK	03957U100	1,767	143,572	SH		SOLE		0	0	0
Azure Midstream Partners LP	STOCK	05501X100	839	266,498	SH		SOLE		0	0	0
Blueknight Energy Partners LP	STOCK	09625U109	1,253	222,955	SH		SOLE		0	0	0
Buckeye Partners LP	STOCK	118230101	2,347	35,585	SH		SOLE		0	0	0
Calumet Specialty Products Partners LP	STOCK	131476103	10,246	514,634	SH		SOLE		0	0	0
Cheniere Energy Partners LP	STOCK	16411Q101	6,470	248,161	SH		SOLE		0	0	0
Cone Midstream Partners LP	STOCK	206812109	7,160	726,929	SH		SOLE		0	0	0
DCP Midstream Partners LP	STOCK	23311P100	3,442	139,522	SH		SOLE		0	0	0
Dominion Midstream Partners LP	STOCK	257454108	7,004	228,452	SH		SOLE		0	0	0
EQT Midstream Partners LP	STOCK	26885B100	6,762	89,615	SH		SOLE		0	0	0
EQT GP Holdings LP	STOCK	26885J103	521	25,089	SH		SOLE		0	0	0
Enable Midstream Partners LP	STOCK	292480100	339	36,829	SH		SOLE		0	0	0
Enbridge Energy Partners LP	STOCK	29250R106	4,318	187,180	SH		SOLE		0	0	0
Energy Transfer Partners LP	STOCK	29273R109	11,737	347,977	SH		SOLE		0	0	0
EnLink Midstream Partners LP	STOCK	29336U107	6,789	409,439	SH		SOLE		0	0	0
Enterprise Products Partners LP	STOCK	293792107	12,844	502,124	SH		SOLE		0	0	0
Genesis Energy LP	STOCK	371927104	8,753	238,252	SH		SOLE		0	0	0
Global Partners LP	STOCK	37946R109	1,144	65,097	SH		SOLE		0	0	0
MPLX LP	STOCK	55336V100	13,724	348,943	SH		SOLE		0	0	0
Magellan Midstream Partners LP	STOCK	559080106	11,453	168,620	SH		SOLE		0	0	0
Martin Midstream Partners LP	STOCK	573331105	1,294	59,619	SH		SOLE		0	0	0
Memorial Production Partners LP	STOCK	586048100	192	72,893	SH		SOLE		0	0	0
Midcoast Energy Partners LP	STOCK	59564N103	1,951	200,742	SH		SOLE		0	0	0
NGL Energy Partners LP	STOCK	62913M107	3,906	353,768	SH		SOLE		0	0	0
Northern Tier Energy LP	STOCK	665826103	6,350	245,535	SH		SOLE		0	0	0
NuStar Energy LP	STOCK	67058H102	2,657	66,271	SH		SOLE		0	0	0
Phillips 66 Partners LP	STOCK	718549207	6,100	99,353	SH		SOLE		0	0	0
Plains All American Pipeline LP	STOCK	726503105	5,538	239,739	SH		SOLE		0	0	0
Rice Midstream Partners LP	STOCK	762819100	8,809	653,000	SH		SOLE		0	0	0
Rose Rock Midstream LP	STOCK	777149105	1,307	86,911	SH		SOLE		0	0	0
Shell Midstream Partners LP	STOCK	822634101	5,468	131,693	SH		SOLE		0	0	0
Southcross Energy Partners LP	STOCK	84130C100	1,328	373,104	SH		SOLE		0	0	0
Spectra Energy Partners LP	STOCK	84756N109	13,864	290,645	SH		SOLE		0	0	0
Sprague Resources LP	STOCK	849343108	3,275	162,394	SH		SOLE		0	0	0
Summit Midstream Partners LP	STOCK	866142102	607	32,408	SH		SOLE		0	0	0
Sunoco Logistics Partners LP	STOCK	86764L108	8,867	345,000	SH		SOLE		0	0	0
Sunoco LP	STOCK	86765K109	4,634	116,993	SH		SOLE		0	0	0
TC PipeLines LP	STOCK	87233Q108	2,120	42,644	SH		SOLE		0	0	0
Tallgrass Energy Partners LP	STOCK	874697105	4,640	112,592	SH		SOLE		0	0	0
Targa Resources Partners LP	STOCK	87611X105	3,443	208,285	SH		SOLE		0	0	0
Tesoro Logistics LP	STOCK	88160T107	5,673	112,745	SH		SOLE		0	0	0
USA Compression Partners LP	STOCK	90290N109	9,067	789,079	SH		SOLE		0	0	0
Valero Energy Partners LP	STOCK	91914J102	5,671	109,890	SH		SOLE		0	0	0
Western Gas Partners LP	STOCK	958254104	10,310	216,909	SH		SOLE		0	0	0
Western Gas Equity Partners LP	STOCK	95825R103	1,236	34,047	SH		SOLE		0	0	0
Williams Partners LP	STOCK	96949L105	8,117	291,440	SH		SOLE		0	0	0
Dynagas LNG Partners LP	STOCK	Y2188B108	364	37,500	SH		SOLE		0	0	0
Golar LNG Partners LP	STOCK	Y2745C102	2,306	172,314	SH		SOLE		0	0	0
Teekay LNG Partners LP	STOCK	Y8564M105	1,138	86,506	SH		SOLE		0	0	0
Hi-Crush Partners LP	STOCK	428337109	3,425	578,609	SH		SOLE		0	0	0
Holly Energy Partners LP	STOCK	435763107	47	1,500	SH		SOLE		0	0	0
Ferrellgas Partners LP	STOCK	315293100	896	53,994	SH		SOLE		0	0	0
Suburban Propane Partners LP	STOCK	864482104	374	15,366	SH		SOLE		0	0	0
Dynagas LNG Partners LP, Series A, 9.00%	STOCK	Y2188B116	308	16,350	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	364	20,000	SH		SOLE		0	0	0