COLUMN 1 | COLUMN 2 | COLUMN 3 | COLUMN 4 | COLUMN 5 | COLUMN 6 | COLUMN 7 | COLUMN 8 |
| | | VALUE | SHRS OR | SH/ | PUT/ | INVESTMENT | OTHER | VOTING AUTHORITY |
NAME OF ISSUER | TITLE OF CLASS | CUSIP | (x$1000) | PRN AMT | PRN | CALL | DISCRETION | MANAGER | SOLE | SHARED | NONE |
AT&T Inc. | COM | 00206R102 | 2,939 | 83,400 | SH | | SOLE | | 83,400 | 0 | 0 |
Altria Group, Inc. | COM | 02209S103 | 3,797 | 82,650 | SH | | SOLE | | 82,650 | 0 | 0 |
Amerigas Partners LP | UNIT LTD PARTN | 030975106 | 6,099 | 133,695 | SH | | SOLE | | 133,695 | 0 | 0 |
BreitBurn Energy Partners LP | UNIT LTD PARTN | 106776107 | 4,676 | 230,099 | SH | | SOLE | | 230,099 | 0 | 0 |
Buckeye Partners LP | UNIT LTD PARTN | 118230101 | 9,782 | 122,833 | SH | | SOLE | | 122,833 | 0 | 0 |
Chesapeake Utilities Corp. | COM | 165303108 | 2,496 | 59,925 | SH | | SOLE | | 59,925 | 0 | 0 |
Cleco Corp. | COM | 12561W105 | 1,599 | 33,215 | SH | | SOLE | | 33,215 | 0 | 0 |
Cominar REIT | COM | 199910951 | 2,461 | 145,490 | SH | | SOLE | | 145,490 | 0 | 0 |
Commonwealth Bank of Australia | COM | 621503002 | 4,800 | 72,860 | SH | | SOLE | | 72,860 | 0 | 0 |
Crombie REIT | COM | 227107109 | 1,072 | 92,516 | SH | | SOLE | | 92,516 | 0 | 0 |
DCP Midstream Partners LP | UNIT LTD PARTN | 23311P100 | 6,007 | 110,319 | SH | | SOLE | | 110,319 | 0 | 0 |
Energias de Portugal, SA ADR | ADR | 268353109 | 1,925 | 44,315 | SH | | SOLE | | 44,315 | 0 | 0 |
Enerplus Resources Fund Trust | COM | 292766102 | 2,334 | 123,028 | SH | | SOLE | | 123,028 | 0 | 0 |
Enterprise Products Partners L | UNIT LTD PARTN | 293792107 | 11,146 | 276,580 | SH | | SOLE | | 276,580 | 0 | 0 |
Ferrellgas Partners LP | UNIT LTD PARTN | 315293100 | 2,539 | 94,485 | SH | | SOLE | | 94,485 | 0 | 0 |
Gaztransport et Technigaz SAS | COM | BJYRDP5 | 2,009 | 33,950 | SH | | SOLE | | 33,950 | 0 | 0 |
Genworth MI Canada Inc. | COM | 37252B953 | 2,025 | 63,920 | SH | | SOLE | | 63,920 | 0 | 0 |
Gladstone Commerical Corp. | COM | 376536108 | 1,690 | 99,462 | SH | | SOLE | | 99,462 | 0 | 0 |
GlaxoSmithKline PLC ADR | ADR | 37733W105 | 2,716 | 59,075 | SH | | SOLE | | 59,075 | 0 | 0 |
Global Partners LP | UNIT LTD PARTN | 37946R109 | 3,808 | 91,380 | SH | | SOLE | | 91,380 | 0 | 0 |
Grupo Aeroportuario Del Pacifi | ADR | 400506101 | 3,134 | 46,478 | SH | | SOLE | | 46,478 | 0 | 0 |
H&R REIT | COM | 404428203 | 1,636 | 83,645 | SH | | SOLE | | 83,645 | 0 | 0 |
Hatteras Financial Corp | COM | 41902R103 | 763 | 42,460 | SH | | SOLE | | 42,460 | 0 | 0 |
Kinder Morgan Energy Partners | UNIT LTD PARTN | 494550106 | 8,902 | 95,435 | SH | | SOLE | | 95,435 | 0 | 0 |
Kinder Morgan Management LLC | COM | 49455U100 | 3,621 | 38,463 | SH | | SOLE | | 38,463 | 0 | 0 |
Martin Midstream Partners LP | UNIT LTD PARTN | 573331105 | 5,376 | 144,155 | SH | | SOLE | | 144,155 | 0 | 0 |
Monmouth Real Estate Investmen | COM | 609720107 | 5,002 | 494,316 | SH | | SOLE | | 494,316 | 0 | 0 |
National Grid PLC ADS | ADR | 636274300 | 3,762 | 52,339 | SH | | SOLE | | 52,339 | 0 | 0 |
ONE Gas, Inc. | COM | 68235P108 | 2,937 | 85,738 | SH | | SOLE | | 85,738 | 0 | 0 |
Oneok Inc. | COM | 682680103 | 3,356 | 51,203 | SH | | SOLE | | 51,203 | 0 | 0 |
Oneok Partners LP | UNIT LTD PARTN | 68268N103 | 10,012 | 178,905 | SH | | SOLE | | 178,905 | 0 | 0 |
Partners REIT | COM | 70214B977 | 726 | 202,756 | SH | | SOLE | | 202,756 | 0 | 0 |
Pengrowth Energy Trust | COM | 70706P104 | 1,369 | 263,250 | SH | | SOLE | | 263,250 | 0 | 0 |
Phillips 66 Partners LP | UNIT LTD PARTN | 718549207 | 2,143 | 32,110 | SH | | SOLE | | 32,110 | 0 | 0 |
Plains All American Pipeline L | UNIT LTD PARTN | 726503105 | 10,190 | 173,123 | SH | | SOLE | | 173,123 | 0 | 0 |
Precinct Properties New Zealan | COM | 609327903 | 1,337 | 1,580,600 | SH | | SOLE | | 1,580,600 | 0 | 0 |
Qiwi PLC | COM | 74735M108 | 260 | 8,220 | SH | | SOLE | | 8,220 | 0 | 0 |
Realty Income Corp. | COM | 756109104 | 4,538 | 111,255 | SH | | SOLE | | 111,255 | 0 | 0 |
Sasol Ltd. ADR | ADR | 803866300 | 3,047 | 55,910 | SH | | SOLE | | 55,910 | 0 | 0 |
Sempra Energy | COM | 816851109 | 3,355 | 31,835 | SH | | SOLE | | 31,835 | 0 | 0 |
Suburban Propane Partners LP | UNIT LTD PARTN | 864482104 | 6,610 | 148,364 | SH | | SOLE | | 148,364 | 0 | 0 |
Sunoco Logistic Partners LP | UNIT LTD PARTN | 86764L108 | 9,807 | 203,222 | SH | | SOLE | | 203,222 | 0 | 0 |
TC Pipelines LP | UNIT LTD PARTN | 87233Q108 | 11,869 | 175,287 | SH | | SOLE | | 175,287 | 0 | 0 |
Teekay LNG Partners LP | UNIT LTD PARTN | Y8564M105 | 2,200 | 50,502 | SH | | SOLE | | 50,502 | 0 | 0 |
Total SA ADR | ADR | 89151E109 | 2,759 | 42,804 | SH | | SOLE | | 42,804 | 0 | 0 |
USA Compression Partners | UNIT LTD PARTN | 90290N109 | 1,716 | 70,654 | SH | | SOLE | | 70,654 | 0 | 0 |
Urstadt Biddle Properties A | COM | 917286205 | 3,352 | 165,140 | SH | | SOLE | | 165,140 | 0 | 0 |
Verizon Communications Inc. | COM | 92343V104 | 2,717 | 54,350 | SH | | SOLE | | 54,350 | 0 | 0 |
Vermilion Energy Trust | COM | 923725956 | 3,099 | 50,802 | SH | | SOLE | | 50,802 | 0 | 0 |
Vodacom Group Ltd.ADR | ADR | 92858D200 | 356 | 31,000 | SH | | SOLE | | 31,000 | 0 | 0 |
Advent Software, Inc. | COM | 007974108 | 2,159 | 68,420 | SH | | SOLE | | 68,420 | 0 | 0 |
Air Products & Chemicals Inc. | COM | 009158106 | 2,759 | 21,194 | SH | | SOLE | | 21,194 | 0 | 0 |
Anadarko Petroleum Corp. | COM | 032511107 | 7,804 | 76,935 | SH | | SOLE | | 76,935 | 0 | 0 |
Apple Inc. | COM | 037833100 | 4,337 | 43,046 | SH | | SOLE | | 43,046 | 0 | 0 |
Aptargroup, Inc. | COM | 038336103 | 6,657 | 109,677 | SH | | SOLE | | 109,677 | 0 | 0 |
Automatic Data Processing Inc. | COM | 053015103 | 9,156 | 110,210 | SH | | SOLE | | 110,210 | 0 | 0 |
Avery Dennison Corp. | COM | 053611109 | 5,521 | 123,655 | SH | | SOLE | | 123,655 | 0 | 0 |
B&G Foods Inc. | COM | 05508R106 | 356 | 12,940 | SH | | SOLE | | 12,940 | 0 | 0 |
Bank of Ireland ADR | ADR | 46267Q202 | 2,374 | 149,981 | SH | | SOLE | | 149,981 | 0 | 0 |
Bemis Co. Inc. | COM | 081437105 | 3,159 | 83,095 | SH | | SOLE | | 83,095 | 0 | 0 |
Best Buy Co. Inc. | COM | 086516101 | 1,246 | 37,100 | SH | | SOLE | | 37,100 | 0 | 0 |
C.R. Bard Inc. | COM | 067383109 | 5,163 | 36,175 | SH | | SOLE | | 36,175 | 0 | 0 |
CDK Global Holdings LLC | COM | 12508E101 | 1,104 | 36,077 | SH | | SOLE | | 36,077 | 0 | 0 |
Church & Dwight Co., Inc. | COM | 171340102 | 2,532 | 36,095 | SH | | SOLE | | 36,095 | 0 | 0 |
Colgate-Palmolive Co. | COM | 194162103 | 8,457 | 129,675 | SH | | SOLE | | 129,675 | 0 | 0 |
Comcast Corp. | COM | 20030N101 | 3,404 | 63,290 | SH | | SOLE | | 63,290 | 0 | 0 |
Credito Real Sofom ENR | COM | B8DST5905 | 962 | 340,010 | SH | | SOLE | | 340,010 | 0 | 0 |
Cummins Inc. | COM | 231021106 | 1,528 | 11,575 | SH | | SOLE | | 11,575 | 0 | 0 |
Ecolab, Inc. | COM | 278865100 | 3,111 | 27,095 | SH | | SOLE | | 27,095 | 0 | 0 |
Emerson Electric Co. | COM | 291011104 | 6,344 | 101,375 | SH | | SOLE | | 101,375 | 0 | 0 |
Exxon Mobil Corp. | COM | 30231G102 | 3,714 | 39,490 | SH | | SOLE | | 39,490 | 0 | 0 |
FNBH Bancorp Inc. | COM | 302528203 | 500 | 509,260 | SH | | SOLE | | 509,260 | 0 | 0 |
Fiserv Inc. | COM | 337738108 | 9,731 | 150,560 | SH | | SOLE | | 150,560 | 0 | 0 |
General Mills Inc. | COM | 370334104 | 10,108 | 200,364 | SH | | SOLE | | 200,364 | 0 | 0 |
Global Specialty Metals Inc. | COM | 37954N206 | 970 | 53,310 | SH | | SOLE | | 53,310 | 0 | 0 |
Graco, Inc. | COM | 384109104 | 8,017 | 109,855 | SH | | SOLE | | 109,855 | 0 | 0 |
Grainger, WW Inc. | COM | 384802104 | 8,219 | 32,660 | SH | | SOLE | | 32,660 | 0 | 0 |
Hasbro Inc. | COM | 418056107 | 273 | 4,960 | SH | | SOLE | | 4,960 | 0 | 0 |
Heineken NV ADR | ADR | 423012301 | 4,916 | 131,505 | SH | | SOLE | | 131,505 | 0 | 0 |
Hormel Foods Corp. | COM | 440452100 | 9,055 | 176,205 | SH | | SOLE | | 176,205 | 0 | 0 |
ITT Corp. | COM | 450911201 | 6,369 | 141,723 | SH | | SOLE | | 141,723 | 0 | 0 |
Imperial Oil Ltd. | COM | 453038408 | 1,382 | 29,275 | SH | | SOLE | | 29,275 | 0 | 0 |
Infosys Ltd. ADR | ADR | 456788108 | 2,273 | 37,570 | SH | | SOLE | | 37,570 | 0 | 0 |
Ingredion Inc. | COM | 457187102 | 6,573 | 86,730 | SH | | SOLE | | 86,730 | 0 | 0 |
Jacobs Engineering Group | COM | 469814107 | 2,946 | 60,343 | SH | | SOLE | | 60,343 | 0 | 0 |
John Wiley & Sons Inc. A | COM | 968223206 | 1,897 | 33,815 | SH | | SOLE | | 33,815 | 0 | 0 |
Johnson & Johnson | COM | 478160104 | 1,445 | 13,555 | SH | | SOLE | | 13,555 | 0 | 0 |
Johnson Controls Inc. | COM | 478366107 | 2,446 | 55,585 | SH | | SOLE | | 55,585 | 0 | 0 |
Kimberly-Clark Corp. | COM | 494368103 | 5,325 | 49,505 | SH | | SOLE | | 49,505 | 0 | 0 |
Lakeview Hotel Investment Co. | COM | 51222P950 | 47 | 85,300 | SH | | SOLE | | 85,300 | 0 | 0 |
Lakeview Hotel Investment Corp | COM | HCB8J36M0 | 43 | 73,900 | SH | | SOLE | | 73,900 | 0 | 0 |
Leggett & Platt Inc. | COM | 524660107 | 2,814 | 80,570 | SH | | SOLE | | 80,570 | 0 | 0 |
Lincoln Electric Holdings Inc. | COM | 533900106 | 5,079 | 73,460 | SH | | SOLE | | 73,460 | 0 | 0 |
Macy's, Inc. | COM | 55616P104 | 3,684 | 63,315 | SH | | SOLE | | 63,315 | 0 | 0 |
Marathon Oil Corp. | COM | 565849106 | 5,786 | 153,936 | SH | | SOLE | | 153,936 | 0 | 0 |
Marathon Petroleum Corp. | COM | 56585A102 | 1,207 | 14,250 | SH | | SOLE | | 14,250 | 0 | 0 |
McCormick & Co. Inc. | COM | 579780206 | 5,062 | 75,660 | SH | | SOLE | | 75,660 | 0 | 0 |
McDonald's Corp. | COM | 580135101 | 8,529 | 89,960 | SH | | SOLE | | 89,960 | 0 | 0 |
Mechel Open Joint Stock Co. AD | ADR | 583840103 | 77 | 67,825 | SH | | SOLE | | 67,825 | 0 | 0 |
Mettler-Toledo International, | COM | 592688105 | 8,094 | 31,600 | SH | | SOLE | | 31,600 | 0 | 0 |
Microchip Technology Inc. | COM | 595017104 | 1,755 | 37,150 | SH | | SOLE | | 37,150 | 0 | 0 |
Molina Healthcare Inc. | COM | 60855R100 | 3,312 | 78,300 | SH | | SOLE | | 78,300 | 0 | 0 |
Myriad Genetics Inc. | COM | 62855J104 | 1,026 | 26,600 | SH | | SOLE | | 26,600 | 0 | 0 |
Norfolk & Southern Corp. | COM | 655844108 | 9,113 | 81,660 | SH | | SOLE | | 81,660 | 0 | 0 |
Novartis AG ADR | ADR | 66987V109 | 7,074 | 75,155 | SH | | SOLE | | 75,155 | 0 | 0 |
Novolipetsk GDR | ADR | 67011E204 | 1,015 | 69,635 | SH | | SOLE | | 69,635 | 0 | 0 |
Occidental Petroleum Corp. | COM | 674599105 | 2,047 | 21,290 | SH | | SOLE | | 21,290 | 0 | 0 |
Omnicom Group | COM | 681919106 | 6,714 | 97,508 | SH | | SOLE | | 97,508 | 0 | 0 |
OpenText Corp. | COM | 683715106 | 3,106 | 56,050 | SH | | SOLE | | 56,050 | 0 | 0 |
Parker Hannifin Corp. | COM | 701094104 | 8,412 | 73,691 | SH | | SOLE | | 73,691 | 0 | 0 |
Paychex, Inc. | COM | 704326107 | 6,453 | 146,000 | SH | | SOLE | | 146,000 | 0 | 0 |
Praxair, Inc. | COM | 74005P104 | 4,454 | 34,524 | SH | | SOLE | | 34,524 | 0 | 0 |
Prosperity Bancshares Inc. | COM | 743606105 | 7,390 | 129,270 | SH | | SOLE | | 129,270 | 0 | 0 |
Reckitt Benckiser PLC | COM | B24CGK904 | 217 | 2,500 | SH | | SOLE | | 2,500 | 0 | 0 |
Rostelecom Long Distance ADR | ADR | 778529107 | 534 | 33,580 | SH | | SOLE | | 33,580 | 0 | 0 |
Sally Beauty Holdings Inc. | COM | 79546E104 | 2,213 | 80,856 | SH | | SOLE | | 80,856 | 0 | 0 |
Schneider Electric SA | COM | 483410007 | 4,768 | 62,080 | SH | | SOLE | | 62,080 | 0 | 0 |
Sherwin-Williams Co. | COM | 824348106 | 9,159 | 41,825 | SH | | SOLE | | 41,825 | 0 | 0 |
Shire PLC | COM | 82481R106 | 1,667 | 6,435 | SH | | SOLE | | 6,435 | 0 | 0 |
Sirona Dental Systems Inc. | COM | 82966C103 | 724 | 9,440 | SH | | SOLE | | 9,440 | 0 | 0 |
Smith & Nephew PLC | COM | 83175M205 | 1,864 | 22,145 | SH | | SOLE | | 22,145 | 0 | 0 |
Sonoco Products Co. | COM | 835495102 | 4,581 | 116,585 | SH | | SOLE | | 116,585 | 0 | 0 |
Spectral Medical Inc. | COM | 847574100 | 6 | 20,000 | SH | | SOLE | | 20,000 | 0 | 0 |
Synchrony Financial | COM | 87165B103 | 655 | 26,680 | SH | | SOLE | | 26,680 | 0 | 0 |
The Clorox Co. | COM | 189054109 | 3,345 | 34,830 | SH | | SOLE | | 34,830 | 0 | 0 |
Thermon Group Holdings, Inc. | COM | 88362T103 | 1,389 | 56,863 | SH | | SOLE | | 56,863 | 0 | 0 |
Toronto Dominion Bank | COM | 891160509 | 7,143 | 144,630 | SH | | SOLE | | 144,630 | 0 | 0 |
US Physical Therapy Inc. | COM | 90337L108 | 3,280 | 92,688 | SH | | SOLE | | 92,688 | 0 | 0 |
Xylem, Inc. | COM | 98419M100 | 3,871 | 109,085 | SH | | SOLE | | 109,085 | 0 | 0 |
Yandex NV | COM | N97284108 | 1,369 | 49,240 | SH | | SOLE | | 49,240 | 0 | 0 |