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
Cheniere Energy Partners LP	STOCK	16411Q101	262	8,100	SH		SOLE		0	0	0
Enterprise Products Partners LP	STOCK	293792107	1,510	54,677	SH		SOLE		0	0	0
MPLX LP	STOCK	55336V100	811	22,486	SH		SOLE		0	0	0
Magellan Midstream Partners LP	STOCK	559080106	1,154	15,000	SH		SOLE		0	0	0
Spectra Energy Partners LP	STOCK	84756N109	426	9,755	SH		SOLE		0	0	0
Sunoco Logistics Partners LP	STOCK	86764L108	183	7,500	SH		SOLE		0	0	0
USA Compression Partners LP	STOCK	90290N109	574	34,000	SH		SOLE		0	0	0
Western Gas Partners LP	STOCK	958254104	906	14,980	SH		SOLE		0	0	0
Colony NorthStar, Inc., Class A	STOCK	19625W104	646	50,000	SH		SOLE		0	0	0
Blackstone Mortgage Trust, Inc., Class A	STOCK	09257W100	1,362	44,000	SH		SOLE		0	0	0
Starwood Property Trust, Inc.	STOCK	85571B105	1,029	45,550	SH		SOLE		0	0	0
American Assets Trust, Inc.	STOCK	024013104	435	10,400	SH		SOLE		0	0	0
American Campus Communities, Inc.	STOCK	024835100	785	16,500	SH		SOLE		0	0	0
American Tower Corp.	STOCK	03027X100	231	1,900	SH		SOLE		0	0	0
Apartment Investment & Management Co.	STOCK	03748R101	2,762	62,280	SH		SOLE		0	0	0
Ashford Hospitality Prime, Inc.	STOCK	044102101	351	33,100	SH		SOLE		0	0	0
Ashford Hospitality Trust, Inc.	STOCK	044103109	733	115,125	SH		SOLE		0	0	0
AvalonBay Communities, Inc.	STOCK	053484101	2,798	15,240	SH		SOLE		0	0	0
Boston Properties, Inc.	STOCK	101121101	3,026	22,850	SH		SOLE		0	0	0
Camden Property Trust	STOCK	133131102	2,012	25,000	SH		SOLE		0	0	0
CoreSite Realty Corp.	STOCK	21870Q105	3,602	40,000	SH		SOLE		0	0	0
CoreCivic, Inc.	STOCK	21871N101	162	5,150	SH		SOLE		0	0	0
Crown Castle International Corp.	STOCK	22822V101	99	1,050	SH		SOLE		0	0	0
CubeSmart	STOCK	229663109	519	20,000	SH		SOLE		0	0	0
CyrusOne, Inc.	STOCK	23283R100	1,665	32,350	SH		SOLE		0	0	0
DCT Industrial Trust, Inc.	STOCK	233153204	684	14,214	SH		SOLE		0	0	0
DiamondRock Hospitality Co.	STOCK	252784301	2,310	207,147	SH		SOLE		0	0	0
Equinix, Inc.	STOCK	29444U700	400	1,000	SH		SOLE		0	0	0
Equity Residential	STOCK	29476L107	2,166	34,815	SH		SOLE		0	0	0
Essex Property Trust, Inc.	STOCK	297178105	2,789	12,046	SH		SOLE		0	0	0
Extra Space Storage, Inc.	STOCK	30225T102	1,860	25,000	SH		SOLE		0	0	0
Federal Realty Investment Trust	STOCK	313747206	4,335	32,475	SH		SOLE		0	0	0
FelCor Lodging Trust, Inc.	STOCK	31430F101	1,553	206,726	SH		SOLE		0	0	0
GGP, Inc.	STOCK	36174X101	809	34,900	SH		SOLE		0	0	0
HCP, Inc.	STOCK	40414L109	801	25,618	SH		SOLE		0	0	0
Kilroy Realty Corp.	STOCK	49427F108	2,333	32,365	SH		SOLE		0	0	0
Kimco Realty Corp.	STOCK	49446R109	1,244	56,319	SH		SOLE		0	0	0
Life Storage, Inc.	STOCK	53223X107	2,603	31,700	SH		SOLE		0	0	0
Mid-America Apartment Communities, Inc.	STOCK	59522J103	2,764	27,172	SH		SOLE		0	0	0
Prologis, Inc.	STOCK	74340W103	4,966	95,725	SH		SOLE		0	0	0
Realty Income Corp.	STOCK	756109104	588	9,880	SH		SOLE		0	0	0
Regency Centers Corp.	STOCK	758849103	1,328	20,000	SH		SOLE		0	0	0
SL Green Realty Corp.	STOCK	78440X101	2,298	21,550	SH		SOLE		0	0	0
Simon Property Group, Inc.	STOCK	828806109	4,714	27,400	SH		SOLE		0	0	0
Sotherly Hotels, Inc.	STOCK	83600C103	333	52,000	SH		SOLE		0	0	0
Spirit Realty Capital, Inc.	STOCK	84860W102	227	22,400	SH		SOLE		0	0	0
STAG Industrial, Inc.	STOCK	85254J102	500	20,000	SH		SOLE		0	0	0
UDR, Inc.	STOCK	902653104	2,259	62,306	SH		SOLE		0	0	0
Ventas, Inc.	STOCK	92276F100	1,685	25,900	SH		SOLE		0	0	0
Vornado Realty Trust	STOCK	929042109	1,003	10,000	SH		SOLE		0	0	0
Welltower, Inc.	STOCK	95040Q104	1,225	17,300	SH		SOLE		0	0	0
Apple Hospitality REIT, Inc.	STOCK	03784Y200	1,742	91,210	SH		SOLE		0	0	0
Chesapeake Lodging Trust	STOCK	165240102	795	33,200	SH		SOLE		0	0	0
City Office REIT, Inc.	STOCK	178587101	1,570	129,258	SH		SOLE		0	0	0
Digital Realty Trust, Inc.	STOCK	253868103	5,024	47,220	SH		SOLE		0	0	0
DuPont Fabros Technology, Inc.	STOCK	26613Q106	669	13,500	SH		SOLE		0	0	0
Education Realty Trust, Inc.	STOCK	28140H203	1,259	30,825	SH		SOLE		0	0	0
Equity LifeStyle Properties, Inc.	STOCK	29472R108	1,314	17,050	SH		SOLE		0	0	0
GEO Group, Inc./The	STOCK	36162J106	190	4,100	SH		SOLE		0	0	0
Global Medical REIT, Inc.	STOCK	37954A204	91	10,000	SH		SOLE		0	0	0
Gramercy Property Trust	STOCK	385002308	482	18,333	SH		SOLE		0	0	0
Hannon Armstrong Sustainable Infrastructure Capital, Inc.	STOCK	41068X100	900	44,567	SH		SOLE		0	0	0
Healthcare Trust of America, Inc.	STOCK	42225P501	189	6,000	SH		SOLE		0	0	0
Hersha Hospitality Trust	STOCK	427825500	1,405	74,750	SH		SOLE		0	0	0
Hudson Pacific Properties, Inc.	STOCK	444097109	2,972	85,800	SH		SOLE		0	0	0
Pebblebrook Hotel Trust	STOCK	70509V100	1,637	56,031	SH		SOLE		0	0	0
QTS Realty Trust, Inc., Class A	STOCK	74736A103	2,306	47,300	SH		SOLE		0	0	0
STORE Capital Corp.	STOCK	862121100	90	3,780	SH		SOLE		0	0	0
Sun Communities, Inc.	STOCK	866674104	1,623	20,200	SH		SOLE		0	0	0
Terreno Realty Corp.	STOCK	88146M101	159	5,675	SH		SOLE		0	0	0
WP Carey, Inc.	STOCK	92936U109	1,867	30,000	SH		SOLE		0	0	0
Arch Capital Group Ltd., Series E, 5.25 percent	STOCK	03939A206	45	2,000	SH		SOLE		0	0	0
Wells Fargo & Co., Series W, 5.70 percent	STOCK	94988U714	101	4,000	SH		SOLE		0	0	0
Entergy Louisiana LLC, 4.88 percent	STOCK	29364W108	45	2,000	SH		SOLE		0	0	0
Ashford Hospitality Trust, Inc., Series F, 7.38 percent	STOCK	044103604	74	3,000	SH		SOLE		0	0	0
National Retail Properties, Inc., Series E, 5.70 percent	STOCK	637417809	659	26,364	SH		SOLE		0	0	0
National Retail Properties, Inc., Series F, 5.20 percent	STOCK	637417874	186	8,000	SH		SOLE		0	0	0
Sotherly Hotels, Inc., Series B, 8.00 percent	STOCK	83600C301	77	3,000	SH		SOLE		0	0	0
Digital Realty Trust, Inc., Series I, 6.35 percent	STOCK	253868863	294	11,018	SH		SOLE		0	0	0
Digital Realty Trust, Inc., Series H, 7.38 percent	STOCK	253868871	165	6,000	SH		SOLE		0	0	0
Hersha Hospitality Trust, Series D, 6.50 percent	STOCK	427825609	50	2,000	SH		SOLE		0	0	0
Monmouth Real Estate Investment Corp., Series C, 6.13 percent	STOCK	609720404	50	2,000	SH		SOLE		0	0	0
Public Storage, Series E, 4.90 percent	STOCK	74460W719	225	10,000	SH		SOLE		0	0	0
Public Storage, Series D, 4.95 percent	STOCK	74460W735	46	2,000	SH		SOLE		0	0	0
Public Storage, Series C, 5.13 percent	STOCK	74460W750	48	2,000	SH		SOLE		0	0	0
Public Storage, Series B, 5.40 percent	STOCK	74460W776	717	29,200	SH		SOLE		0	0	0
Public Storage, Series Z, 6.00 percent	STOCK	74460W826	160	6,000	SH		SOLE		0	0	0
Public Storage, Series W, 5.20 percent	STOCK	74460W875	150	6,000	SH		SOLE		0	0	0
CBS Corp., Class B	STOCK	124857202	562	8,100	SH		SOLE		0	0	0
Comcast Corp., Class A	STOCK	20030N101	1,053	28,000	SH		SOLE		0	0	0
D.R. Horton, Inc.	STOCK	23331A109	250	7,500	SH		SOLE		0	0	0
Walt Disney Co./The	STOCK	254687106	1,928	17,000	SH		SOLE		0	0	0
Home Depot, Inc./The	STOCK	437076102	2,269	15,450	SH		SOLE		0	0	0
Lennar Corp., Class A	STOCK	526057104	256	5,000	SH		SOLE		0	0	0
McDonald's Corp.	STOCK	580135101	995	7,680	SH		SOLE		0	0	0
Ross Stores, Inc.	STOCK	778296103	553	8,400	SH		SOLE		0	0	0
TJX Cos., Inc./The	STOCK	872540109	253	3,200	SH		SOLE		0	0	0
Target Corp.	STOCK	87612E106	276	5,000	SH		SOLE		0	0	0
Adient PLC	STOCK	G0084W101	235	3,235	SH		SOLE		0	0	0
Johnson Controls International PLC	STOCK	G51502105	457	10,853	SH		SOLE		0	0	0
Royal Caribbean Cruises Ltd.	STOCK	V7780T103	422	4,300	SH		SOLE		0	0	0
Altria Group, Inc.	STOCK	02209S103	1,835	25,700	SH		SOLE		0	0	0
Clorox Co./The	STOCK	189054109	243	1,800	SH		SOLE		0	0	0
Coca-Cola Co./The	STOCK	191216100	666	15,700	SH		SOLE		0	0	0
ConAgra Foods, Inc.	STOCK	205887102	327	8,100	SH		SOLE		0	0	0
Kimberly-Clark Corp.	STOCK	494368103	790	6,000	SH		SOLE		0	0	0
Kraft Heinz Co./The	STOCK	500754106	272	2,999	SH		SOLE		0	0	0
Lamb Weston Holdings, Inc.	STOCK	513272104	97	2,300	SH		SOLE		0	0	0
PepsiCo, Inc.	STOCK	713448108	1,024	9,150	SH		SOLE		0	0	0
Philip Morris International, Inc.	STOCK	718172109	1,061	9,400	SH		SOLE		0	0	0
Procter & Gamble Co./The	STOCK	742718109	332	3,700	SH		SOLE		0	0	0
Wal-Mart Stores, Inc.	STOCK	931142103	362	5,024	SH		SOLE		0	0	0
Walgreens Boots Alliance, Inc.	STOCK	931427108	249	3,000	SH		SOLE		0	0	0
Apache Corp.	STOCK	037411105	154	3,000	SH		SOLE		0	0	0
Chevron Corp.	STOCK	166764100	887	8,260	SH		SOLE		0	0	0
ConocoPhillips	STOCK	20825C104	426	8,550	SH		SOLE		0	0	0
Devon Energy Corp.	STOCK	25179M103	125	3,000	SH		SOLE		0	0	0
EOG Resources, Inc.	STOCK	26875P101	849	8,700	SH		SOLE		0	0	0
Exxon Mobil Corp.	STOCK	30231G102	1,308	15,950	SH		SOLE		0	0	0
Halliburton Co.	STOCK	406216101	349	7,100	SH		SOLE		0	0	0
Schlumberger Ltd.	STOCK	806857108	498	6,375	SH		SOLE		0	0	0
Tesoro Corp.	STOCK	881609101	162	2,000	SH		SOLE		0	0	0
Valero Energy Corp.	STOCK	91913Y100	802	12,100	SH		SOLE		0	0	0
American Express Co.	STOCK	025816109	791	10,000	SH		SOLE		0	0	0
Bank of America Corp.	STOCK	060505104	998	42,300	SH		SOLE		0	0	0
Blackstone Group LP/The	STOCK	09253U108	496	16,700	SH		SOLE		0	0	0
CME Group, Inc.	STOCK	12572Q105	463	3,900	SH		SOLE		0	0	0
Citigroup, Inc.	STOCK	172967424	736	12,300	SH		SOLE		0	0	0
Fifth Third Bancorp	STOCK	316773100	391	15,400	SH		SOLE		0	0	0
Goldman Sachs Group, Inc./The	STOCK	38141G104	750	3,265	SH		SOLE		0	0	0
Hartford Financial Services Group, Inc./The	STOCK	416515104	721	15,000	SH		SOLE		0	0	0
Huntington Bancshares, Inc.	STOCK	446150104	402	30,050	SH		SOLE		0	0	0
JPMorgan Chase & Co.	STOCK	46625H100	1,316	14,977	SH		SOLE		0	0	0
M&T Bank Corp.	STOCK	55261F104	340	2,200	SH		SOLE		0	0	0
MetLife, Inc.	STOCK	59156R108	442	8,375	SH		SOLE		0	0	0
Prudential Financial, Inc.	STOCK	744320102	480	4,500	SH		SOLE		0	0	0
Travelers Cos., Inc./The	STOCK	89417E109	229	1,900	SH		SOLE		0	0	0
U.S. Bancorp	STOCK	902973304	500	9,700	SH		SOLE		0	0	0
Wells Fargo & Co.	STOCK	949746101	1,045	18,776	SH		SOLE		0	0	0
AbbVie, Inc.	STOCK	00287Y109	306	4,700	SH		SOLE		0	0	0
Aetna, Inc.	STOCK	00817Y108	485	3,800	SH		SOLE		0	0	0
Amgen, Inc.	STOCK	031162100	533	3,250	SH		SOLE		0	0	0
Bristol-Myers Squibb Co.	STOCK	110122108	761	14,000	SH		SOLE		0	0	0
Edwards LifeSciences Corp.	STOCK	28176E108	94	1,000	SH		SOLE		0	0	0
Gilead Sciences, Inc.	STOCK	375558103	360	5,300	SH		SOLE		0	0	0
Humana, Inc.	STOCK	444859102	618	3,000	SH		SOLE		0	0	0
Johnson & Johnson	STOCK	478160104	1,097	8,810	SH		SOLE		0	0	0
McKesson Corp.	STOCK	58155Q103	652	4,400	SH		SOLE		0	0	0
Merck & Co., Inc.	STOCK	58933Y105	832	13,100	SH		SOLE		0	0	0
Pfizer, Inc.	STOCK	717081103	578	16,900	SH		SOLE		0	0	0
Quest Diagnostics, Inc.	STOCK	74834L100	442	4,500	SH		SOLE		0	0	0
Thermo Fisher Scientific, Inc.	STOCK	883556102	415	2,700	SH		SOLE		0	0	0
UnitedHealth Group, Inc.	STOCK	91324P102	1,558	9,500	SH		SOLE		0	0	0
Allergan PLC	STOCK	G0177J108	788	3,300	SH		SOLE		0	0	0
Medtronic PLC	STOCK	G5960L103	727	9,029	SH		SOLE		0	0	0
Perrigo Co. PLC	STOCK	G97822103	86	1,300	SH		SOLE		0	0	0
Mylan NV	STOCK	N59465109	109	2,800	SH		SOLE		0	0	0
Boeing Co./The	STOCK	097023105	920	5,200	SH		SOLE		0	0	0
CSX Corp.	STOCK	126408103	861	18,500	SH		SOLE		0	0	0
Caterpillar, Inc.	STOCK	149123101	867	9,350	SH		SOLE		0	0	0
Deere & Co.	STOCK	244199105	435	4,000	SH		SOLE		0	0	0
FedEx Corp.	STOCK	31428X106	595	3,050	SH		SOLE		0	0	0
General Electric Co.	STOCK	369604103	1,075	36,081	SH		SOLE		0	0	0
Honeywell International, Inc.	STOCK	438516106	375	3,000	SH		SOLE		0	0	0
Masco Corp.	STOCK	574599106	255	7,500	SH		SOLE		0	0	0
3M Co.	STOCK	88579Y101	1,081	5,650	SH		SOLE		0	0	0
United Technologies Corp.	STOCK	913017109	314	2,800	SH		SOLE		0	0	0
Waste Connections, Inc.	STOCK	94106B101	110	1,250	SH		SOLE		0	0	0
Adobe Systems, Inc.	STOCK	00724F101	547	4,200	SH		SOLE		0	0	0
Apple, Inc.	STOCK	037833100	3,333	23,200	SH		SOLE		0	0	0
Applied Materials, Inc.	STOCK	038222105	770	19,800	SH		SOLE		0	0	0
Cisco Systems, Inc.	STOCK	17275R102	896	26,500	SH		SOLE		0	0	0
Cognizant Technology Solutions Corp., Class A	STOCK	192446102	601	10,100	SH		SOLE		0	0	0
Corning, Inc.	STOCK	219350105	356	13,200	SH		SOLE		0	0	0
Dell Technologies, Inc., Class V	STOCK	24703L103	129	2,006	SH		SOLE		0	0	0
HP, Inc.	STOCK	40434L105	331	18,500	SH		SOLE		0	0	0
Hewlett Packard Enterprise Co.	STOCK	42824C109	339	14,300	SH		SOLE		0	0	0
Intel Corp.	STOCK	458140100	952	26,400	SH		SOLE		0	0	0
International Business Machines Corp.	STOCK	459200101	498	2,858	SH		SOLE		0	0	0
MasterCard, Inc., Class A	STOCK	57636Q104	776	6,900	SH		SOLE		0	0	0
Microsoft Corp.	STOCK	594918104	2,269	34,450	SH		SOLE		0	0	0
NetApp, Inc.	STOCK	64110D104	234	5,600	SH		SOLE		0	0	0
Oracle Corp.	STOCK	68389X105	1,106	24,800	SH		SOLE		0	0	0
Paychex, Inc.	STOCK	704326107	521	8,850	SH		SOLE		0	0	0
QUALCOMM, Inc.	STOCK	747525103	505	8,800	SH		SOLE		0	0	0
Symantec Corp.	STOCK	871503108	732	23,850	SH		SOLE		0	0	0
Texas Instruments, Inc.	STOCK	882508104	1,331	16,525	SH		SOLE		0	0	0
Visa, Inc.	STOCK	92826C839	1,671	18,800	SH		SOLE		0	0	0
Accenture PLC, Class A	STOCK	G1151C101	689	5,750	SH		SOLE		0	0	0
Seagate Technology PLC	STOCK	G7945M107	230	5,000	SH		SOLE		0	0	0
AdvanSix, Inc.	STOCK	00773T101	7	248	SH		SOLE		0	0	0
CF Industries Holdings, Inc.	STOCK	125269100	176	6,000	SH		SOLE		0	0	0
Dow Chemical Co./The	STOCK	260543103	550	8,650	SH		SOLE		0	0	0
E.I. du Pont de Nemours & Co.	STOCK	263534109	884	11,000	SH		SOLE		0	0	0
American Campus Communities, Inc.	STOCK	024835100	564	11,850	SH		SOLE		0	0	0
American Tower Corp.	STOCK	03027X100	109	900	SH		SOLE		0	0	0
Apple Hospitality REIT, Inc.	STOCK	03784Y200	316	16,550	SH		SOLE		0	0	0
CoreCivic, Inc.	STOCK	21871N101	162	5,150	SH		SOLE		0	0	0
Crown Castle International Corp.	STOCK	22822V101	194	2,050	SH		SOLE		0	0	0
CyrusOne, Inc.	STOCK	23283R100	157	3,050	SH		SOLE		0	0	0
DiamondRock Hospitality Co.	STOCK	252784301	112	10,000	SH		SOLE		0	0	0
Digital Realty Trust, Inc.	STOCK	253868103	234	2,200	SH		SOLE		0	0	0
Education Realty Trust, Inc.	STOCK	28140H203	844	20,650	SH		SOLE		0	0	0
Essex Property Trust, Inc.	STOCK	297178105	116	500	SH		SOLE		0	0	0
GEO Group, Inc./The	STOCK	36162J106	269	5,800	SH		SOLE		0	0	0
Gramercy Property Trust	STOCK	385002308	241	9,166	SH		SOLE		0	0	0
Healthcare Realty Trust, Inc.	STOCK	421946104	163	5,000	SH		SOLE		0	0	0
Healthcare Trust of America, Inc.	STOCK	42225P501	142	4,500	SH		SOLE		0	0	0
Invesco Mortgage Capital, Inc.	STOCK	46131B100	108	7,000	SH		SOLE		0	0	0
Pebblebrook Hotel Trust	STOCK	70509V100	114	3,900	SH		SOLE		0	0	0
Prologis, Inc.	STOCK	74340W103	363	7,000	SH		SOLE		0	0	0
QTS Realty Trust, Inc., Class A	STOCK	74736A103	24	500	SH		SOLE		0	0	0
Realty Income Corp.	STOCK	756109104	119	2,000	SH		SOLE		0	0	0
Simon Property Group, Inc.	STOCK	828806109	413	2,400	SH		SOLE		0	0	0
Sun Communities, Inc.	STOCK	866674104	161	2,000	SH		SOLE		0	0	0
Welltower, Inc.	STOCK	95040Q104	106	1,500	SH		SOLE		0	0	0
AT&T, Inc.	STOCK	00206R102	1,174	28,250	SH		SOLE		0	0	0
Verizon Communications, Inc.	STOCK	92343V104	899	18,440	SH		SOLE		0	0	0
American Electric Power Co., Inc.	STOCK	025537101	117	1,750	SH		SOLE		0	0	0
NextEra Energy, Inc.	STOCK	65339F101	629	4,900	SH		SOLE		0	0	0
WEC Energy Group, Inc.	STOCK	92939U106	594	9,800	SH		SOLE		0	0	0
Callon Petroleum Co., Series A, 10.00 percent	STOCK	13123X409	263	5,000	SH		SOLE		0	0	0
AGNC Investment Corp., 7.75 percent	STOCK	00123Q302	156	6,000	SH		SOLE		0	0	0
American Financial Group, Inc., 6.00 percent	STOCK	025932708	140	5,300	SH		SOLE		0	0	0
AmTrust Financial Services, Inc., 7.50 percent	STOCK	032359853	62	2,500	SH		SOLE		0	0	0
Ares Management LP, Series A, 7.00 percent	STOCK	04014Y200	66	2,500	SH		SOLE		0	0	0
BGC Partners, Inc., 8.13 percent	STOCK	05541T408	128	5,000	SH		SOLE		0	0	0
Bank of America Corp., Series EE, 6.00 percent	STOCK	060505260	64	2,500	SH		SOLE		0	0	0
Bank of America Corp., Series W, 6.63 percent	STOCK	060505344	53	2,000	SH		SOLE		0	0	0
Capital One Financial Corp., Series D, 6.70 percent	STOCK	14040H709	55	2,000	SH		SOLE		0	0	0
Citigroup, Inc., Series L, 6.88 percent	STOCK	172967333	83	3,000	SH		SOLE		0	0	0
Hancock Holding Co., 5.95 percent	STOCK	410120307	63	2,500	SH		SOLE		0	0	0
Hercules Capital, Inc., 6.25 percent	STOCK	427096862	51	2,000	SH		SOLE		0	0	0
JPMorgan Chase & Co., Series T, 6.70 percent	STOCK	48127A161	55	2,000	SH		SOLE		0	0	0
KKR Financial Holdings LLC, Series A, 7.38 percent	STOCK	48248A603	78	3,000	SH		SOLE		0	0	0
KKR & Co. LP, Series B, 6.50 percent	STOCK	48248M300	52	2,000	SH		SOLE		0	0	0
Ladenburg Thalmann Financial Services, Inc., Series A, 8.00 percent	STOCK	50575Q201	176	7,000	SH		SOLE		0	0	0
Oxford Lane Capital Corp., 8.13 percent	STOCK	691543409	51	2,000	SH		SOLE		0	0	0
Prospect Capital Corp., 6.25 percent	STOCK	74348T300	103	4,000	SH		SOLE		0	0	0
Charles Schwab Corp./The, Series C, 6.00 percent	STOCK	808513402	53	2,000	SH		SOLE		0	0	0
Torchmark Corp., 6.13 percent	STOCK	891027401	130	5,000	SH		SOLE		0	0	0
Wells Fargo & Co., Series W, 5.70 percent	STOCK	94988U714	101	4,000	SH		SOLE		0	0	0
AdCare Health Systems, Inc., Series A, 10.88 percent	STOCK	00650W409	80	3,500	SH		SOLE		0	0	0
eBay, Inc., 6.00 percent	STOCK	278642202	106	4,000	SH		SOLE		0	0	0
Ashford Hospitality Trust, Inc., Series F, 7.38 percent	STOCK	044103604	74	3,000	SH		SOLE		0	0	0
Bluerock Residential Growth REIT, Inc., Series D, 7.13 percent	STOCK	09627J656	74	3,000	SH		SOLE		0	0	0
Digital Realty Trust, Inc., Series I, 6.35 percent	STOCK	253868863	67	2,500	SH		SOLE		0	0	0
Digital Realty Trust, Inc., Series H, 7.38 percent	STOCK	253868871	138	5,000	SH		SOLE		0	0	0
Hersha Hospitality Trust, Series D, 6.50 percent	STOCK	427825609	75	3,000	SH		SOLE		0	0	0
Hersha Hospitality Trust, Series E, 6.50 percent	STOCK	427825708	123	5,000	SH		SOLE		0	0	0
LaSalle Hotel Properties, Series J, 6.30 percent	STOCK	517942884	62	2,500	SH		SOLE		0	0	0
Monmouth Real Estate Investment Corp., Series C, 6.13 percent	STOCK	609720404	50	2,000	SH		SOLE		0	0	0
National Retail Properties, Inc., Series F, 5.20 percent	STOCK	637417874	70	3,000	SH		SOLE		0	0	0
Public Storage, Series E, 4.90 percent	STOCK	74460W719	90	4,000	SH		SOLE		0	0	0
Public Storage, Series B, 5.40 percent	STOCK	74460W776	98	4,000	SH		SOLE		0	0	0
Sotherly Hotels, Inc., Series B, 8.00 percent	STOCK	83600C301	77	3,000	SH		SOLE		0	0	0
Qwest Corp., 6.88 percent	STOCK	74913G105	51	2,000	SH		SOLE		0	0	0
Qwest Corp., 7.00 percent	STOCK	74913G501	127	5,000	SH		SOLE		0	0	0
Qwest Corp., 6.63 percent	STOCK	74913G709	63	2,500	SH		SOLE		0	0	0
Qwest Corp., 7.00 percent	STOCK	74913G808	66	2,500	SH		SOLE		0	0	0
Telephone & Data Systems, Inc., 7.00 percent	STOCK	879433837	101	4,000	SH		SOLE		0	0	0
United States Cellular Corp., 7.25 percent	STOCK	911684504	53	2,000	SH		SOLE		0	0	0
United States Cellular Corp., 7.25 percent	STOCK	911684603	67	2,500	SH		SOLE		0	0	0
DTE Energy Co., Series B, 5.38 percent	STOCK	233331800	48	2,000	SH		SOLE		0	0	0
Entergy Mississippi, Inc., 4.90 percent	STOCK	29364N108	113	5,000	SH		SOLE		0	0	0
Entergy New Orleans, Inc., 5.50 percent	STOCK	29364P103	49	2,000	SH		SOLE		0	0	0
Southern Co./The, 6.25 percent	STOCK	842587206	53	2,000	SH		SOLE		0	0	0
Buckeye Partners LP	STOCK	118230101	726	10,590	SH		SOLE		0	0	0
Cone Midstream Partners LP	STOCK	206812109	201	8,500	SH		SOLE		0	0	0
Enbridge Energy Partners LP	STOCK	29250R106	428	22,519	SH		SOLE		0	0	0
Energy Transfer Partners LP	STOCK	29273R109	1,228	33,631	SH		SOLE		0	0	0
EnLink Midstream Partners LP	STOCK	29336U107	620	33,865	SH		SOLE		0	0	0
Enterprise Products Partners LP	STOCK	293792107	1,171	42,400	SH		SOLE		0	0	0
Global Partners LP	STOCK	37946R109	141	7,215	SH		SOLE		0	0	0
MPLX LP	STOCK	55336V100	1,155	32,000	SH		SOLE		0	0	0
Magellan Midstream Partners LP	STOCK	559080106	900	11,700	SH		SOLE		0	0	0
Plains All American Pipeline LP	STOCK	726503105	101	3,200	SH		SOLE		0	0	0
Spectra Energy Partners LP	STOCK	84756N109	1,157	26,500	SH		SOLE		0	0	0
TC PipeLines LP	STOCK	87233Q108	638	10,695	SH		SOLE		0	0	0
Targa Resources Corp.	STOCK	87612G101	763	12,739	SH		SOLE		0	0	0
Tesoro Logistics LP	STOCK	88160T107	349	6,405	SH		SOLE		0	0	0
USA Compression Partners LP	STOCK	90290N109	216	12,796	SH		SOLE		0	0	0
Western Gas Partners LP	STOCK	958254104	1,133	18,750	SH		SOLE		0	0	0
Blackstone Group LP/The	STOCK	09253U108	211	7,100	SH		SOLE		0	0	0
Blackstone Mortgage Trust, Inc., Class A	STOCK	09257W100	358	11,565	SH		SOLE		0	0	0
DiamondRock Hospitality Co.	STOCK	252784301	289	25,953	SH		SOLE		0	0	0
Spirit Realty Capital, Inc.	STOCK	84860W102	355	35,000	SH		SOLE		0	0	0
Apple Hospitality REIT, Inc.	STOCK	03784Y200	622	32,539	SH		SOLE		0	0	0
City Office REIT, Inc.	STOCK	178587101	243	20,000	SH		SOLE		0	0	0
Hannon Armstrong Sustainable Infrastructure Capital, Inc.	STOCK	41068X100	1,066	52,792	SH		SOLE		0	0	0
Pebblebrook Hotel Trust	STOCK	70509V100	257	8,806	SH		SOLE		0	0	0
AT&T, Inc.	STOCK	00206R102	748	18,000	SH		SOLE		0	0	0
Verizon Communications, Inc.	STOCK	92343V104	488	10,000	SH		SOLE		0	0	0
Aflac, Inc., 5.50 percent	STOCK	001055300	225	8,850	SH		SOLE		0	0	0
Aegon NV, 8.00 percent	STOCK	007924608	335	12,900	SH		SOLE		0	0	0
American Financial Group, Inc., 6.00 percent	STOCK	025932708	230	8,700	SH		SOLE		0	0	0
Arch Capital Group Ltd., Series E, 5.25 percent	STOCK	03939A206	453	20,000	SH		SOLE		0	0	0
Bank of New York Mellon Corp./The, 5.20 percent	STOCK	064058209	218	8,700	SH		SOLE		0	0	0
First Republic Bank, Series F, 5.70 percent	STOCK	33616C852	228	9,000	SH		SOLE		0	0	0
Hancock Holding Co., 5.95 percent	STOCK	410120307	93	3,700	SH		SOLE		0	0	0
JPMorgan Chase & Co., Series P, 5.45 percent	STOCK	46637G124	114	4,480	SH		SOLE		0	0	0
JPMorgan Chase & Co., Series W, 6.30 percent	STOCK	481246700	237	8,750	SH		SOLE		0	0	0
KKR Financial Holdings LLC, 7.50 percent	STOCK	48248A504	258	10,000	SH		SOLE		0	0	0
KKR Financial Holdings LLC, Series A, 7.38 percent	STOCK	48248A603	251	9,600	SH		SOLE		0	0	0
KKR & Co. LP, Series B, 6.50 percent	STOCK	48248M300	258	10,000	SH		SOLE		0	0	0
PNC Financial Services Group, Inc./The, Series Q, 5.38 percent	STOCK	693475832	106	4,250	SH		SOLE		0	0	0
Protective Life Corp., 6.25 percent	STOCK	743674608	286	11,300	SH		SOLE		0	0	0
State Street Corp., Series C, 5.25 percent	STOCK	857477509	200	8,050	SH		SOLE		0	0	0
State Street Corp., Series G, 5.35 percent	STOCK	857477855	26	1,000	SH		SOLE		0	0	0
Torchmark Corp., 6.13 percent	STOCK	891027401	259	10,000	SH		SOLE		0	0	0
U.S. Bancorp, Series F, 6.50 percent	STOCK	902973833	209	7,300	SH		SOLE		0	0	0
Wells Fargo & Co., 5.20 percent	STOCK	949746747	388	15,850	SH		SOLE		0	0	0
Wells Fargo & Co., Series W, 5.70 percent	STOCK	94988U714	503	20,000	SH		SOLE		0	0	0
Pitney Bowes, Inc., 6.70 percent	STOCK	724479506	150	5,700	SH		SOLE		0	0	0
Stanley Black & Decker, Inc., 5.75 percent	STOCK	854502705	522	20,687	SH		SOLE		0	0	0
DDR Corp., Series J, 6.50 percent	STOCK	23317H607	231	9,184	SH		SOLE		0	0	0
Kimco Realty Corp., Series K, 5.63 percent	STOCK	49446R745	616	24,367	SH		SOLE		0	0	0
Kimco Realty Corp., Series J, 5.50 percent	STOCK	49446R778	993	39,809	SH		SOLE		0	0	0
Kimco Realty Corp., Series I, 6.00 percent	STOCK	49446R794	818	32,490	SH		SOLE		0	0	0
National Retail Properties, Inc., Series F, 5.20 percent	STOCK	637417874	580	25,000	SH		SOLE		0	0	0
Regency Centers Corp., Series 7, 6.00 percent	STOCK	758849806	718	28,225	SH		SOLE		0	0	0
Taubman Centers, Inc., Series J, 6.50 percent	STOCK	876664608	239	9,416	SH		SOLE		0	0	0
Taubman Centers, Inc., Series K, 6.25 percent	STOCK	876664707	326	13,046	SH		SOLE		0	0	0
Vornado Realty Trust, Series L, 5.40 percent	STOCK	929042844	300	12,298	SH		SOLE		0	0	0
Digital Realty Trust, Inc., Series F, 6.63 percent	STOCK	253868806	291	11,552	SH		SOLE		0	0	0
Digital Realty Trust, Inc., Series I, 6.35 percent	STOCK	253868863	679	25,450	SH		SOLE		0	0	0
Equity Commonwealth, 5.75 percent	STOCK	294628508	252	10,000	SH		SOLE		0	0	0
PS Business Parks, Inc., Series W, 5.20 percent	STOCK	69360J628	230	10,000	SH		SOLE		0	0	0
PS Business Parks, Inc., Series V, 5.70 percent	STOCK	69360J644	164	6,498	SH		SOLE		0	0	0
PS Business Parks, Inc., Series T, 6.00 percent	STOCK	69360J685	1,020	40,522	SH		SOLE		0	0	0
Public Storage, Series S, 5.90 percent	STOCK	74460W206	315	12,487	SH		SOLE		0	0	0
Public Storage, Series E, 4.90 percent	STOCK	74460W719	450	20,000	SH		SOLE		0	0	0
Public Storage, Series D, 4.95 percent	STOCK	74460W735	455	20,000	SH		SOLE		0	0	0
Public Storage, Series C, 5.13 percent	STOCK	74460W750	240	10,000	SH		SOLE		0	0	0
Public Storage, Series A, 5.88 percent	STOCK	74460W792	182	7,076	SH		SOLE		0	0	0
Senior Housing Properties Trust, 5.63 percent	STOCK	81721M208	674	26,660	SH		SOLE		0	0	0
Ventas Capital Corp., 5.45 percent	STOCK	92276M204	250	10,000	SH		SOLE		0	0	0
DTE Energy Co., Series B, 5.38 percent	STOCK	233331800	240	10,000	SH		SOLE		0	0	0
DTE Energy Co., Series F, 6.00 percent	STOCK	233331867	525	20,000	SH		SOLE		0	0	0
Dominion Resources, Inc., Series A, 5.25 percent	STOCK	25746U844	475	20,000	SH		SOLE		0	0	0
Duke Energy Corp., 5.13 percent	STOCK	26441C303	235	9,030	SH		SOLE		0	0	0
Entergy Arkansas, Inc., 4.88 percent	STOCK	29364D100	454	20,000	SH		SOLE		0	0	0
Entergy Mississippi, Inc., 4.90 percent	STOCK	29364N108	679	30,000	SH		SOLE		0	0	0
Entergy Louisiana LLC, 4.88 percent	STOCK	29364W108	226	10,000	SH		SOLE		0	0	0
NextEra Energy Capital Holdings, Inc., Series K, 5.25 percent	STOCK	65339K100	360	15,000	SH		SOLE		0	0	0
NextEra Energy Capital Holdings, Inc., Series H, 5.63 percent	STOCK	65339K704	220	8,775	SH		SOLE		0	0	0
NextEra Energy Capital Holdings, Inc., 5.00 percent	STOCK	65339K886	165	6,700	SH		SOLE		0	0	0
SCE Trust I, 5.63 percent	STOCK	78406T201	483	19,125	SH		SOLE		0	0	0
Southern Co., 5.25 percent	STOCK	842587305	479	20,000	SH		SOLE		0	0	0
Altria Group, Inc.	STOCK	02209S103	471	6,590	SH		SOLE		0	0	0
Philip Morris International, Inc.	STOCK	718172109	771	6,830	SH		SOLE		0	0	0
Reynolds American, Inc.	STOCK	761713106	507	8,052	SH		SOLE		0	0	0
Buckeye Partners LP	STOCK	118230101	323	4,705	SH		SOLE		0	0	0
Cheniere Energy Partners LP	STOCK	16411Q101	368	11,400	SH		SOLE		0	0	0
Cone Midstream Partners LP	STOCK	206812109	517	21,900	SH		SOLE		0	0	0
Enbridge, Inc.	STOCK	29250N105	198	4,723	SH		SOLE		0	0	0
Energy Transfer Partners LP	STOCK	29273R109	376	10,303	SH		SOLE		0	0	0
EnLink Midstream Partners LP	STOCK	29336U107	332	18,140	SH		SOLE		0	0	0
Enterprise Products Partners LP	STOCK	293792107	803	29,080	SH		SOLE		0	0	0
Holly Energy Partners LP	STOCK	435763107	146	4,100	SH		SOLE		0	0	0
MPLX LP	STOCK	55336V100	622	17,250	SH		SOLE		0	0	0
Magellan Midstream Partners LP	STOCK	559080106	294	3,825	SH		SOLE		0	0	0
SemGroup Corp., Class A	STOCK	81663A105	137	3,800	SH		SOLE		0	0	0
Spectra Energy Partners LP	STOCK	84756N109	232	5,305	SH		SOLE		0	0	0
Summit Midstream Partners LP	STOCK	866142102	245	10,200	SH		SOLE		0	0	0
Sunoco Logistics Partners LP	STOCK	86764L108	272	11,150	SH		SOLE		0	0	0
TC PipeLines LP	STOCK	87233Q108	377	6,320	SH		SOLE		0	0	0
Targa Resources Corp.	STOCK	87612G101	464	7,750	SH		SOLE		0	0	0
Tesoro Logistics LP	STOCK	88160T107	329	6,032	SH		SOLE		0	0	0
USA Compression Partners LP	STOCK	90290N109	287	16,966	SH		SOLE		0	0	0
Valero Energy Corp.	STOCK	91913Y100	99	1,500	SH		SOLE		0	0	0
Western Gas Partners LP	STOCK	958254104	181	3,000	SH		SOLE		0	0	0
BGC Partners, Inc.	STOCK	05541T101	371	32,644	SH		SOLE		0	0	0
Blackstone Group LP/The	STOCK	09253U108	567	19,105	SH		SOLE		0	0	0
Blackstone Mortgage Trust, Inc., Class A	STOCK	09257W100	770	24,862	SH		SOLE		0	0	0
Starwood Property Trust, Inc.	STOCK	85571B105	953	42,190	SH		SOLE		0	0	0
Wells Fargo & Co.	STOCK	949746101	161	2,900	SH		SOLE		0	0	0
Apple Hospitality REIT, Inc.	STOCK	03784Y200	1,493	78,150	SH		SOLE		0	0	0
Ashford Hospitality Trust, Inc.	STOCK	044103109	416	65,300	SH		SOLE		0	0	0
Chesapeake Lodging Trust	STOCK	165240102	472	19,700	SH		SOLE		0	0	0
City Office REIT, Inc.	STOCK	178587101	686	56,470	SH		SOLE		0	0	0
Digital Realty Trust, Inc.	STOCK	253868103	506	4,760	SH		SOLE		0	0	0
Education Realty Trust, Inc.	STOCK	28140H203	155	3,800	SH		SOLE		0	0	0
Gramercy Property Trust	STOCK	385002308	244	9,271	SH		SOLE		0	0	0
Hannon Armstrong Sustainable Infrastructure Capital, Inc.	STOCK	41068X100	536	26,529	SH		SOLE		0	0	0
Hersha Hospitality Trust	STOCK	427825500	526	28,000	SH		SOLE		0	0	0
Independence Realty Trust, Inc.	STOCK	45378A106	718	76,579	SH		SOLE		0	0	0
Lexington Realty Trust	STOCK	529043101	652	65,336	SH		SOLE		0	0	0
Pebblebrook Hotel Trust	STOCK	70509V100	415	14,213	SH		SOLE		0	0	0
WP Carey, Inc.	STOCK	92936U109	393	6,320	SH		SOLE		0	0	0
Welltower, Inc.	STOCK	95040Q104	212	3,000	SH		SOLE		0	0	0
AT&T, Inc.	STOCK	00206R102	1,527	36,739	SH		SOLE		0	0	0
Verizon Communications, Inc.	STOCK	92343V104	290	5,950	SH		SOLE		0	0	0
American Electric Power Co., Inc.	STOCK	025537101	414	6,170	SH		SOLE		0	0	0
Consolidated Edison, Inc.	STOCK	209115104	675	8,690	SH		SOLE		0	0	0
Duke Energy Corp.	STOCK	26441C204	274	3,335	SH		SOLE		0	0	0
Aegon NV, 6.38 percent	STOCK	007924301	255	10,000	SH		SOLE		0	0	0
Aegon NV, 8.00 percent	STOCK	007924608	52	2,000	SH		SOLE		0	0	0
Arch Capital Group Ltd., Series E, 5.25 percent	STOCK	03939A206	226	10,000	SH		SOLE		0	0	0
BGC Partners, Inc., 8.13 percent	STOCK	05541T408	295	11,550	SH		SOLE		0	0	0
Capital One Financial Corp., Series D, 6.70 percent	STOCK	14040H709	274	10,000	SH		SOLE		0	0	0
Citigroup, Inc., Series S, 6.30 percent	STOCK	172967317	264	10,000	SH		SOLE		0	0	0
Citigroup, Inc., Series K, 6.88 percent	STOCK	172967341	340	12,000	SH		SOLE		0	0	0
First Republic Bank, Series F, 5.70 percent	STOCK	33616C852	253	10,000	SH		SOLE		0	0	0
Hancock Holding Co., 5.95 percent	STOCK	410120307	257	10,200	SH		SOLE		0	0	0
JPMorgan Chase & Co., Series W, 6.30 percent	STOCK	481246700	426	15,750	SH		SOLE		0	0	0
JPMorgan Chase & Co., Series T, 6.70 percent	STOCK	48127A161	274	10,000	SH		SOLE		0	0	0
JPMorgan Chase & Co., Series AA, 6.10 percent	STOCK	48127X542	265	10,000	SH		SOLE		0	0	0
KKR Financial Holdings LLC, Series A, 7.38 percent	STOCK	48248A603	251	9,600	SH		SOLE		0	0	0
Northern Trust Corp., Series C, 5.85 percent	STOCK	665859872	163	6,000	SH		SOLE		0	0	0
Torchmark Corp., 6.13 percent	STOCK	891027401	259	10,000	SH		SOLE		0	0	0
Wells Fargo & Co., Series W, 5.70 percent	STOCK	94988U714	503	20,000	SH		SOLE		0	0	0
Zions Bancorp, 6.95 percent	STOCK	989701818	583	20,000	SH		SOLE		0	0	0
Pitney Bowes, Inc., 6.70 percent	STOCK	724479506	315	12,000	SH		SOLE		0	0	0
eBay, Inc., 6.00 percent	STOCK	278642202	264	10,000	SH		SOLE		0	0	0
Alexandria Real Estate Equities, Inc., Series E, 6.45 percent	STOCK	015271703	270	10,800	SH		SOLE		0	0	0
CBL & Associates Properties, Inc., Series D, 7.38 percent	STOCK	124830605	115	4,800	SH		SOLE		0	0	0
CBL & Associates Properties, Inc., Series E, 6.63 percent	STOCK	124830803	62	2,640	SH		SOLE		0	0	0
DDR Corp., Series J, 6.50 percent	STOCK	23317H607	289	11,500	SH		SOLE		0	0	0
Digital Realty Trust, Inc., Series I, 6.35 percent	STOCK	253868863	375	14,050	SH		SOLE		0	0	0
Digital Realty Trust, Inc., Series H, 7.38 percent	STOCK	253868871	381	13,848	SH		SOLE		0	0	0
Equity Commonwealth, Series D, 6.50 percent	STOCK	294628201	153	6,000	SH		SOLE		0	0	0
Equity Commonwealth, 5.75 percent	STOCK	294628508	252	10,000	SH		SOLE		0	0	0
Gramercy Property Trust, Series A, 7.13 percent	STOCK	385002209	79	3,000	SH		SOLE		0	0	0
LaSalle Hotel Properties, Series H, 7.50 percent	STOCK	517942702	262	10,339	SH		SOLE		0	0	0
National Retail Properties, Inc., Series F, 5.20 percent	STOCK	637417874	139	6,000	SH		SOLE		0	0	0
PS Business Parks, Inc., Series W, 5.20 percent	STOCK	69360J628	92	4,000	SH		SOLE		0	0	0
Public Storage, Series B, 5.40 percent	STOCK	74460W776	246	10,000	SH		SOLE		0	0	0
Realty Income Corp., Series F, 6.63 percent	STOCK	756109807	163	6,500	SH		SOLE		0	0	0
SL Green Realty Corp., Series I, 6.50 percent	STOCK	78440X507	207	8,100	SH		SOLE		0	0	0
Taubman Centers, Inc., Series J, 6.50 percent	STOCK	876664608	417	16,436	SH		SOLE		0	0	0
Taubman Centers, Inc., Series K, 6.25 percent	STOCK	876664707	80	3,211	SH		SOLE		0	0	0
Urstadt Biddle Properties, Inc., Series F, 7.13 percent	STOCK	917286700	258	10,000	SH		SOLE		0	0	0
Urstadt Biddle Properties, Inc., Series G, 6.75 percent	STOCK	917286809	103	4,000	SH		SOLE		0	0	0
Qwest Corp., 6.88 percent	STOCK	74913G105	304	12,000	SH		SOLE		0	0	0
United States Cellular Corp., 7.25 percent	STOCK	911684504	226	8,500	SH		SOLE		0	0	0
Dominion Resources, Inc., Series A, 5.25 percent	STOCK	25746U844	238	10,000	SH		SOLE		0	0	0
Duke Energy Corp., 5.13 percent	STOCK	26441C303	260	10,000	SH		SOLE		0	0	0
Entergy Arkansas, Inc., 4.88 percent	STOCK	29364D100	227	10,000	SH		SOLE		0	0	0
Entergy Mississippi, Inc., 4.90 percent	STOCK	29364N108	226	10,000	SH		SOLE		0	0	0
NextEra Energy Capital Holdings, Inc., Series K, 5.25 percent	STOCK	65339K100	240	10,000	SH		SOLE		0	0	0
NextEra Energy Capital Holdings, Inc., Series H, 5.63 percent	STOCK	65339K704	251	10,000	SH		SOLE		0	0	0
SCE Trust I, 5.63 percent	STOCK	78406T201	252	10,000	SH		SOLE		0	0	0
SCE Trust II, 5.10 percent	STOCK	78407R204	124	5,000	SH		SOLE		0	0	0
Southern Co., 5.25 percent	STOCK	842587305	240	10,000	SH		SOLE		0	0	0
Hannon Armstrong Sustainable Infrastructure Capital, Inc.	STOCK	41068X100	2,147	106,301	SH		SOLE		0	0	0
Archrock, Inc.	STOCK	03957W106	620	50,000	SH		SOLE		0	0	0
California Resources Corp.	STOCK	13057Q206	7	435	SH		SOLE		0	0	0
Enbridge, Inc.	STOCK	29250N105	8,462	202,239	SH		SOLE		0	0	0
Enbridge Energy Management LLC	STOCK	29250X103	0	1	SH		SOLE		0	0	0
Exxon Mobil Corp.	STOCK	30231G102	3,085	37,615	SH		SOLE		0	0	0
Kinder Morgan, Inc.	STOCK	49456B101	13,055	600,494	SH		SOLE		0	0	0
Marathon Petroleum Corp.	STOCK	56585A102	2,272	44,950	SH		SOLE		0	0	0
Occidental Petroleum Corp.	STOCK	674599105	4,090	64,550	SH		SOLE		0	0	0
Parsley Energy, Inc.	STOCK	701877102	13,145	404,350	SH		SOLE		0	0	0
Phillips 66	STOCK	718546104	3,825	48,287	SH		SOLE		0	0	0
SemGroup Corp., Class A	STOCK	81663A105	4,553	126,459	SH		SOLE		0	0	0
Tallgrass Energy GP LP	STOCK	874696107	1,923	66,878	SH		SOLE		0	0	0
Targa Resources Corp.	STOCK	87612G101	14,693	245,300	SH		SOLE		0	0	0
Valero Energy Corp.	STOCK	91913Y100	3,298	49,750	SH		SOLE		0	0	0
Western Refining, Inc.	STOCK	959319104	5,836	166,406	SH		SOLE		0	0	0
Golar LNG Ltd.	STOCK	G9456A100	7,019	251,322	SH		SOLE		0	0	0
TransCanada Corp.	STOCK	89353D107	1,290	27,950	SH		SOLE		0	0	0
UGI Corp.	STOCK	902681105	5,671	114,800	SH		SOLE		0	0	0
American Midstream Partners LP	STOCK	02752P100	3,726	250,929	SH		SOLE		0	0	0
Antero Midstream Partners LP	STOCK	03673L103	24,208	730,034	SH		SOLE		0	0	0
Archrock Partners LP	STOCK	03957U100	2,049	119,426	SH		SOLE		0	0	0
Blueknight Energy Partners LP	STOCK	09625U109	1,505	222,955	SH		SOLE		0	0	0
Boardwalk Pipeline Partners LP	STOCK	096627104	13,398	731,750	SH		SOLE		0	0	0
Buckeye Partners LP	STOCK	118230101	13,292	193,870	SH		SOLE		0	0	0
Cheniere Energy Partners LP	STOCK	16411Q101	16,848	521,461	SH		SOLE		0	0	0
Cone Midstream Partners LP	STOCK	206812109	19,510	826,353	SH		SOLE		0	0	0
DCP Midstream LP	STOCK	23311P100	13,050	332,650	SH		SOLE		0	0	0
Dominion Midstream Partners LP	STOCK	257454108	19,065	596,699	SH		SOLE		0	0	0
EQT Midstream Partners LP	STOCK	26885B100	9,345	121,515	SH		SOLE		0	0	0
EQT GP Holdings LP	STOCK	26885J103	1,840	67,189	SH		SOLE		0	0	0
Enable Midstream Partners LP	STOCK	292480100	10,916	654,035	SH		SOLE		0	0	0
Enbridge Energy Partners LP	STOCK	29250R106	2,984	157,073	SH		SOLE		0	0	0
Energy Transfer Partners LP	STOCK	29273R109	14,695	402,377	SH		SOLE		0	0	0
EnLink Midstream Partners LP	STOCK	29336U107	14,434	788,752	SH		SOLE		0	0	0
Enterprise Products Partners LP	STOCK	293792107	21,888	792,774	SH		SOLE		0	0	0
Genesis Energy LP	STOCK	371927104	11,715	361,342	SH		SOLE		0	0	0
Global Partners LP	STOCK	37946R109	2,161	110,797	SH		SOLE		0	0	0
Holly Energy Partners LP	STOCK	435763107	13,687	383,275	SH		SOLE		0	0	0
MPLX LP	STOCK	55336V100	22,021	610,343	SH		SOLE		0	0	0
Magellan Midstream Partners LP	STOCK	559080106	22,255	289,365	SH		SOLE		0	0	0
NGL Energy Partners LP	STOCK	62913M107	6,440	284,968	SH		SOLE		0	0	0
Noble Midstream Partners LP	STOCK	65506L105	13,272	254,830	SH		SOLE		0	0	0
NuStar Energy LP	STOCK	67058H102	10,952	210,701	SH		SOLE		0	0	0
ONEOK Partners LP	STOCK	68268N103	9,375	173,650	SH		SOLE		0	0	0
Phillips 66 Partners LP	STOCK	718549207	21,507	418,839	SH		SOLE		0	0	0
Plains All American Pipeline LP	STOCK	726503105	11,052	349,649	SH		SOLE		0	0	0
Rice Midstream Partners LP	STOCK	762819100	26,752	1,060,734	SH		SOLE		0	0	0
Shell Midstream Partners LP	STOCK	822634101	20,034	621,593	SH		SOLE		0	0	0
Spectra Energy Partners LP	STOCK	84756N109	17,532	401,554	SH		SOLE		0	0	0
Sprague Resources LP	STOCK	849343108	5,970	220,282	SH		SOLE		0	0	0
Summit Midstream Partners LP	STOCK	866142102	8,553	356,358	SH		SOLE		0	0	0
Sunoco Logistics Partners LP	STOCK	86764L108	14,484	593,100	SH		SOLE		0	0	0
Sunoco LP	STOCK	86765K109	5,166	213,729	SH		SOLE		0	0	0
TC PipeLines LP	STOCK	87233Q108	12,240	205,169	SH		SOLE		0	0	0
Tallgrass Energy Partners LP	STOCK	874697105	14,289	268,582	SH		SOLE		0	0	0
Tesoro Logistics LP	STOCK	88160T107	15,239	279,770	SH		SOLE		0	0	0
USA Compression Partners LP	STOCK	90290N109	13,694	810,804	SH		SOLE		0	0	0
Valero Energy Partners LP	STOCK	91914J102	17,079	356,490	SH		SOLE		0	0	0
Western Gas Partners LP	STOCK	958254104	21,915	362,539	SH		SOLE		0	0	0
Western Gas Equity Partners LP	STOCK	95825R103	6,840	148,373	SH		SOLE		0	0	0
Williams Partners LP	STOCK	96949L105	16,535	404,967	SH		SOLE		0	0	0
Dynagas LNG Partners LP	STOCK	Y2188B108	661	37,500	SH		SOLE		0	0	0
Golar LNG Partners LP	STOCK	Y2745C102	12,308	550,952	SH		SOLE		0	0	0
Teekay LNG Partners LP	STOCK	Y8564M105	6,466	368,456	SH		SOLE		0	0	0
Hi-Crush Partners LP	STOCK	428337109	3,580	206,340	SH		SOLE		0	0	0
AmeriGas Partners LP	STOCK	030975106	4,361	92,620	SH		SOLE		0	0	0
Suburban Propane Partners LP	STOCK	864482104	414	15,366	SH		SOLE		0	0	0