| 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 | 4,467 | 136,829 | SH | | SOLE | | 136,829 | 0 | 0 |
| Altria Group, Inc. | COM | 02209S103 | 3,709 | 74,156 | SH | | SOLE | | 74,156 | 0 | 0 |
| Amerigas Partners LP | UNIT LTD PARTN | 030975106 | 6,806 | 142,562 | SH | | SOLE | | 142,562 | 0 | 0 |
| BreitBurn Energy Partners LP | UNIT LTD PARTN | 106776107 | 1,097 | 200,099 | SH | | SOLE | | 200,099 | 0 | 0 |
| Buckeye Partners LP | UNIT LTD PARTN | 118230101 | 6,873 | 91,008 | SH | | SOLE | | 91,008 | 0 | 0 |
| CMS Energy Corp. | COM | 125896100 | 1,431 | 40,990 | SH | | SOLE | | 40,990 | 0 | 0 |
| Chesapeake Utilities Corp. | COM | 165303108 | 2,840 | 56,124 | SH | | SOLE | | 56,124 | 0 | 0 |
| Cleco Corp. | COM | 12561W105 | 1,552 | 28,462 | SH | | SOLE | | 28,462 | 0 | 0 |
| Cominar REIT | COM | 199910951 | 1,821 | 120,183 | SH | | SOLE | | 120,183 | 0 | 0 |
| Commonwealth Bank of Australia | COM | 621503002 | 6,040 | 84,647 | SH | | SOLE | | 84,647 | 0 | 0 |
| Crombie REIT | COM | 227107109 | 966 | 90,722 | SH | | SOLE | | 90,722 | 0 | 0 |
| DCP Midstream Partners LP | UNIT LTD PARTN | 23311P100 | 3,606 | 97,586 | SH | | SOLE | | 97,586 | 0 | 0 |
| DTE Energy Co. | COM | 233331107 | 4,829 | 59,850 | SH | | SOLE | | 59,850 | 0 | 0 |
| Energias de Portugal, SA ADR | ADR | 268353109 | 1,551 | 41,383 | SH | | SOLE | | 41,383 | 0 | 0 |
| Enerplus Resources Fund Trust | COM | 292766102 | 1,574 | 155,247 | SH | | SOLE | | 155,247 | 0 | 0 |
| Enterprise Products Partners L | UNIT LTD PARTN | 293792107 | 7,220 | 219,266 | SH | | SOLE | | 219,266 | 0 | 0 |
| Ferrellgas Partners LP | UNIT LTD PARTN | 315293100 | 2,117 | 86,845 | SH | | SOLE | | 86,845 | 0 | 0 |
| Gaztransport et Technigaz SAS | COM | BJYRDP5 | 2,733 | 46,364 | SH | | SOLE | | 46,364 | 0 | 0 |
| Genworth MI Canada Inc. | COM | 37252B953 | 1,266 | 57,284 | SH | | SOLE | | 57,284 | 0 | 0 |
| Gladstone Commerical Corp. | COM | 376536108 | 1,801 | 96,792 | SH | | SOLE | | 96,792 | 0 | 0 |
| GlaxoSmithKline PLC ADR | ADR | 37733W105 | 5,934 | 128,585 | SH | | SOLE | | 128,585 | 0 | 0 |
| Global Partners LP | UNIT LTD PARTN | 37946R109 | 2,718 | 78,103 | SH | | SOLE | | 78,103 | 0 | 0 |
| Grupo Aeroportuario Del Pacifi | ADR | 400506101 | 2,725 | 41,576 | SH | | SOLE | | 41,576 | 0 | 0 |
| H&R REIT | COM | 404428203 | 1,422 | 77,212 | SH | | SOLE | | 77,212 | 0 | 0 |
| Hatteras Financial Corp | COM | 41902R103 | 754 | 41,534 | SH | | SOLE | | 41,534 | 0 | 0 |
| Kinder Morgan, Inc. | COM | 49456B101 | 7,433 | 176,731 | SH | | SOLE | | 176,731 | 0 | 0 |
| Martin Midstream Partners LP | UNIT LTD PARTN | 573331105 | 3,255 | 91,853 | SH | | SOLE | | 91,853 | 0 | 0 |
| Monmouth Real Estate Investmen | COM | 609720107 | 4,367 | 393,094 | SH | | SOLE | | 393,094 | 0 | 0 |
| National Grid PLC ADS | ADR | 636274300 | 4,090 | 63,304 | SH | | SOLE | | 63,304 | 0 | 0 |
| ONE Gas, Inc. | COM | 68235P108 | 3,251 | 75,212 | SH | | SOLE | | 75,212 | 0 | 0 |
| Oneok Inc. | COM | 682680103 | 3,468 | 71,891 | SH | | SOLE | | 71,891 | 0 | 0 |
| Oneok Partners LP | UNIT LTD PARTN | 68268N103 | 4,442 | 108,777 | SH | | SOLE | | 108,777 | 0 | 0 |
| Partners REIT | COM | 70214B977 | 557 | 196,956 | SH | | SOLE | | 196,956 | 0 | 0 |
| Pengrowth Energy Trust | COM | 70706P104 | 766 | 256,281 | SH | | SOLE | | 256,281 | 0 | 0 |
| Phillips 66 Partners LP | UNIT LTD PARTN | 718549207 | 2,152 | 30,448 | SH | | SOLE | | 30,448 | 0 | 0 |
| Plains All American Pipeline L | UNIT LTD PARTN | 726503105 | 6,976 | 143,033 | SH | | SOLE | | 143,033 | 0 | 0 |
| Precinct Properties New Zealan | COM | 609327903 | 1,353 | 1,535,495 | SH | | SOLE | | 1,535,495 | 0 | 0 |
| Qiwi PLC | COM | 74735M108 | 563 | 23,429 | SH | | SOLE | | 23,429 | 0 | 0 |
| Realty Income Corp. | COM | 756109104 | 5,614 | 108,806 | SH | | SOLE | | 108,806 | 0 | 0 |
| Sasol Ltd. ADR | ADR | 803866300 | 1,508 | 44,287 | SH | | SOLE | | 44,287 | 0 | 0 |
| Sempra Energy | COM | 816851109 | 3,544 | 32,511 | SH | | SOLE | | 32,511 | 0 | 0 |
| South Jersey Industries, Inc. | COM | 838518108 | 3,219 | 59,297 | SH | | SOLE | | 59,297 | 0 | 0 |
| Suburban Propane Partners LP | UNIT LTD PARTN | 864482104 | 3,480 | 80,998 | SH | | SOLE | | 80,998 | 0 | 0 |
| Sunoco Logistic Partners LP | UNIT LTD PARTN | 86764L108 | 7,535 | 182,271 | SH | | SOLE | | 182,271 | 0 | 0 |
| TC Pipelines LP | UNIT LTD PARTN | 87233Q108 | 6,207 | 95,280 | SH | | SOLE | | 95,280 | 0 | 0 |
| Teekay LNG Partners LP | UNIT LTD PARTN | Y8564M105 | 1,723 | 46,118 | SH | | SOLE | | 46,118 | 0 | 0 |
| Total SA ADR | ADR | 89151E109 | 1,997 | 40,209 | SH | | SOLE | | 40,209 | 0 | 0 |
| USA Compression Partners | UNIT LTD PARTN | 90290N109 | 1,250 | 61,081 | SH | | SOLE | | 61,081 | 0 | 0 |
| Urstadt Biddle Properties A | COM | 917286205 | 5,059 | 219,384 | SH | | SOLE | | 219,384 | 0 | 0 |
| Verizon Communications Inc. | COM | 92343V104 | 4,504 | 92,616 | SH | | SOLE | | 92,616 | 0 | 0 |
| Vermilion Energy Trust | COM | 923725956 | 1,864 | 44,342 | SH | | SOLE | | 44,342 | 0 | 0 |
| Vodacom Group Ltd.ADR | ADR | 92858D200 | 576 | 52,660 | SH | | SOLE | | 52,660 | 0 | 0 |
| Advent Software, Inc. | COM | 007974108 | 1,417 | 32,134 | SH | | SOLE | | 32,134 | 0 | 0 |
| Air Products & Chemicals Inc. | COM | 009158106 | 2,444 | 16,153 | SH | | SOLE | | 16,153 | 0 | 0 |
| Alibaba Group Holding LTD | COM | 01609W102 | 723 | 8,680 | SH | | SOLE | | 8,680 | 0 | 0 |
| Anadarko Petroleum Corp. | COM | 032511107 | 4,659 | 56,266 | SH | | SOLE | | 56,266 | 0 | 0 |
| Apple Inc. | COM | 037833100 | 6,828 | 54,875 | SH | | SOLE | | 54,875 | 0 | 0 |
| Aptargroup, Inc. | COM | 038336103 | 4,279 | 67,358 | SH | | SOLE | | 67,358 | 0 | 0 |
| Automatic Data Processing Inc. | COM | 053015103 | 7,495 | 87,519 | SH | | SOLE | | 87,519 | 0 | 0 |
| Avery Dennison Corp. | COM | 053611109 | 6,941 | 131,190 | SH | | SOLE | | 131,190 | 0 | 0 |
| Bank of Ireland | COM | 3070732 | 1,940 | 5,131,160 | SH | | SOLE | | 5,131,160 | 0 | 0 |
| Bemis Co. Inc. | COM | 081437105 | 3,071 | 66,316 | SH | | SOLE | | 66,316 | 0 | 0 |
| C.R. Bard Inc. | COM | 067383109 | 3,985 | 23,811 | SH | | SOLE | | 23,811 | 0 | 0 |
| CDK Global Holdings LLC | COM | 12508E101 | 1,216 | 25,999 | SH | | SOLE | | 25,999 | 0 | 0 |
| Church & Dwight Co., Inc. | COM | 171340102 | 3,378 | 39,545 | SH | | SOLE | | 39,545 | 0 | 0 |
| Colgate-Palmolive Co. | COM | 194162103 | 5,053 | 72,866 | SH | | SOLE | | 72,866 | 0 | 0 |
| Comcast Corp. | COM | 20030N101 | 4,269 | 75,598 | SH | | SOLE | | 75,598 | 0 | 0 |
| Credito Real Sofom ENR | COM | B8DST5905 | 751 | 319,911 | SH | | SOLE | | 319,911 | 0 | 0 |
| Cummins Inc. | COM | 231021106 | 1,201 | 8,664 | SH | | SOLE | | 8,664 | 0 | 0 |
| Ecolab, Inc. | COM | 278865100 | 1,191 | 10,415 | SH | | SOLE | | 10,415 | 0 | 0 |
| Emerson Electric Co. | COM | 291011104 | 7,220 | 127,524 | SH | | SOLE | | 127,524 | 0 | 0 |
| Exxon Mobil Corp. | COM | 30231G102 | 3,645 | 42,885 | SH | | SOLE | | 42,885 | 0 | 0 |
| Fiserv Inc. | COM | 337738108 | 8,299 | 104,519 | SH | | SOLE | | 104,519 | 0 | 0 |
| Generac Holdings Inc. | COM | 368736104 | 4,792 | 98,412 | SH | | SOLE | | 98,412 | 0 | 0 |
| General Mills Inc. | COM | 370334104 | 10,113 | 178,683 | SH | | SOLE | | 178,683 | 0 | 0 |
| Global Specialty Metals Inc. | COM | 37954N206 | 939 | 49,649 | SH | | SOLE | | 49,649 | 0 | 0 |
| Graco, Inc. | COM | 384109104 | 6,555 | 90,833 | SH | | SOLE | | 90,833 | 0 | 0 |
| Grainger, WW Inc. | COM | 384802104 | 5,837 | 24,755 | SH | | SOLE | | 24,755 | 0 | 0 |
| Hasbro Inc. | COM | 418056107 | 253 | 4,003 | SH | | SOLE | | 4,003 | 0 | 0 |
| Heineken NV ADR | ADR | 423012301 | 5,023 | 131,706 | SH | | SOLE | | 131,706 | 0 | 0 |
| Hormel Foods Corp. | COM | 440452100 | 8,634 | 151,869 | SH | | SOLE | | 151,869 | 0 | 0 |
| ITT Corp. | COM | 450911201 | 2,809 | 70,379 | SH | | SOLE | | 70,379 | 0 | 0 |
| Imperial Oil Ltd. | COM | 453038408 | 969 | 24,306 | SH | | SOLE | | 24,306 | 0 | 0 |
| Infosys Ltd. ADR | ADR | 456788108 | 1,193 | 34,000 | SH | | SOLE | | 34,000 | 0 | 0 |
| Ingredion Inc. | COM | 457187102 | 4,031 | 51,793 | SH | | SOLE | | 51,793 | 0 | 0 |
| Jacobs Engineering Group | COM | 469814107 | 2,614 | 57,892 | SH | | SOLE | | 57,892 | 0 | 0 |
| John Wiley & Sons Inc. A | COM | 968223206 | 3,497 | 57,202 | SH | | SOLE | | 57,202 | 0 | 0 |
| Johnson & Johnson | COM | 478160104 | 3,215 | 31,963 | SH | | SOLE | | 31,963 | 0 | 0 |
| Johnson Controls Inc. | COM | 478366107 | 2,388 | 47,340 | SH | | SOLE | | 47,340 | 0 | 0 |
| Kimberly-Clark Corp. | COM | 494368103 | 5,184 | 48,400 | SH | | SOLE | | 48,400 | 0 | 0 |
| L-3 Communications Holdings In | COM | 502424104 | 1,936 | 15,393 | SH | | SOLE | | 15,393 | 0 | 0 |
| Lakeview Hotel Investment Co. | COM | 51222P950 | 20 | 81,566 | SH | | SOLE | | 81,566 | 0 | 0 |
| Lakeview Hotel Investment Corp | COM | HCB8J36M0 | 20 | 73,900 | SH | | SOLE | | 73,900 | 0 | 0 |
| Leggett & Platt Inc. | COM | 524660107 | 4,744 | 102,921 | SH | | SOLE | | 102,921 | 0 | 0 |
| Lincoln Electric Holdings Inc. | COM | 533900106 | 3,477 | 53,179 | SH | | SOLE | | 53,179 | 0 | 0 |
| Macy's, Inc. | COM | 55616P104 | 2,910 | 44,828 | SH | | SOLE | | 44,828 | 0 | 0 |
| Marathon Oil Corp. | COM | 565849106 | 3,530 | 135,179 | SH | | SOLE | | 135,179 | 0 | 0 |
| McCormick & Co. Inc. | COM | 579780206 | 6,184 | 80,203 | SH | | SOLE | | 80,203 | 0 | 0 |
| McDonald's Corp. | COM | 580135101 | 7,168 | 73,568 | SH | | SOLE | | 73,568 | 0 | 0 |
| Mechel Open Joint Stock Co. AD | ADR | 583840103 | 105 | 84,892 | SH | | SOLE | | 84,892 | 0 | 0 |
| Metaldyne Performance Group, I | COM | 59116R107 | 423 | 23,450 | SH | | SOLE | | 23,450 | 0 | 0 |
| Mettler-Toledo International, | COM | 592688105 | 6,135 | 18,666 | SH | | SOLE | | 18,666 | 0 | 0 |
| Microchip Technology Inc. | COM | 595017104 | 6,007 | 122,850 | SH | | SOLE | | 122,850 | 0 | 0 |
| Molina Healthcare Inc. | COM | 60855R100 | 5,316 | 79,003 | SH | | SOLE | | 79,003 | 0 | 0 |
| Myriad Genetics Inc. | COM | 62855J104 | 5,254 | 148,432 | SH | | SOLE | | 148,432 | 0 | 0 |
| NXP Semiconductors NV | COM | N6596X109 | 3,062 | 30,510 | SH | | SOLE | | 30,510 | 0 | 0 |
| Nordson Corp. | COM | 655663102 | 4,196 | 53,560 | SH | | SOLE | | 53,560 | 0 | 0 |
| Norfolk & Southern Corp. | COM | 655844108 | 5,053 | 49,097 | SH | | SOLE | | 49,097 | 0 | 0 |
| Novartis AG ADR | ADR | 66987V109 | 6,261 | 63,488 | SH | | SOLE | | 63,488 | 0 | 0 |
| Novolipetsk GDR | ADR | 67011E204 | 993 | 74,355 | SH | | SOLE | | 74,355 | 0 | 0 |
| Occidental Petroleum Corp. | COM | 674599105 | 1,349 | 18,476 | SH | | SOLE | | 18,476 | 0 | 0 |
| Omnicom Group | COM | 681919106 | 9,030 | 115,801 | SH | | SOLE | | 115,801 | 0 | 0 |
| OpenText Corp. | COM | 683715106 | 3,925 | 74,220 | SH | | SOLE | | 74,220 | 0 | 0 |
| Parker Hannifin Corp. | COM | 701094104 | 8,013 | 67,461 | SH | | SOLE | | 67,461 | 0 | 0 |
| Paychex, Inc. | COM | 704326107 | 8,542 | 172,166 | SH | | SOLE | | 172,166 | 0 | 0 |
| Praxair, Inc. | COM | 74005P104 | 3,169 | 26,244 | SH | | SOLE | | 26,244 | 0 | 0 |
| Prosperity Bancshares Inc. | COM | 743606105 | 7,212 | 137,432 | SH | | SOLE | | 137,432 | 0 | 0 |
| Reckitt Benckiser PLC | COM | B24CGK904 | 571 | 6,631 | SH | | SOLE | | 6,631 | 0 | 0 |
| Rostelecom Long Distance ADR | ADR | 778529107 | 262 | 32,982 | SH | | SOLE | | 32,982 | 0 | 0 |
| Sally Beauty Holdings Inc. | COM | 79546E104 | 3,707 | 107,866 | SH | | SOLE | | 107,866 | 0 | 0 |
| Schneider Electric SA | COM | 483410007 | 4,777 | 61,478 | SH | | SOLE | | 61,478 | 0 | 0 |
| Sherwin-Williams Co. | COM | 824348106 | 7,597 | 26,702 | SH | | SOLE | | 26,702 | 0 | 0 |
| Shire PLC | COM | 82481R106 | 841 | 3,516 | SH | | SOLE | | 3,516 | 0 | 0 |
| Sirona Dental Systems Inc. | COM | 82966C103 | 842 | 9,360 | SH | | SOLE | | 9,360 | 0 | 0 |
| Smith & Nephew PLC | COM | 83175M205 | 1,144 | 33,494 | SH | | SOLE | | 33,494 | 0 | 0 |
| Sonoco Products Co. | COM | 835495102 | 5,086 | 111,875 | SH | | SOLE | | 111,875 | 0 | 0 |
| Spectral Medical Inc. | COM | 847574100 | 14 | 20,000 | SH | | SOLE | | 20,000 | 0 | 0 |
| St. Gobain SA | COM | 738048909 | 1,705 | 38,826 | SH | | SOLE | | 38,826 | 0 | 0 |
| Sunstone Hotel Investors Inc. | COM | 867892101 | 359 | 21,535 | SH | | SOLE | | 21,535 | 0 | 0 |
| Synchrony Financial | COM | 87165B103 | 4,658 | 153,488 | SH | | SOLE | | 153,488 | 0 | 0 |
| The Clorox Co. | COM | 189054109 | 2,361 | 21,384 | SH | | SOLE | | 21,384 | 0 | 0 |
| The Coca-Cola Co. | COM | 191216100 | 850 | 20,960 | SH | | SOLE | | 20,960 | 0 | 0 |
| Thermon Group Holdings, Inc. | COM | 88362T103 | 1,279 | 53,129 | SH | | SOLE | | 53,129 | 0 | 0 |
| Toronto Dominion Bank | COM | 891160509 | 7,556 | 176,343 | SH | | SOLE | | 176,343 | 0 | 0 |
| US Physical Therapy Inc. | COM | 90337L108 | 4,065 | 85,589 | SH | | SOLE | | 85,589 | 0 | 0 |
| Xylem, Inc. | COM | 98419M100 | 1,705 | 48,696 | SH | | SOLE | | 48,696 | 0 | 0 |
| Yandex NV | COM | N97284108 | 656 | 43,285 | SH | | SOLE | | 43,285 | 0 | 0 |
