| 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 |
| Altria Group, Inc. | COM | 02209S103 | 676 | 13,821 | SH | | SOLE | | 9,311 | 0 | 4,510 |
| Amerigas Partners LP | UNIT LTD PARTN | 030975106 | 2,607 | 57,035 | SH | | SOLE | | 51,615 | 0 | 5,420 |
| Breitburn Energy Partners LP | UNIT LTD PARTN | 106776107 | 339 | 71,199 | SH | | SOLE | | 48,119 | 0 | 23,080 |
| Buckeye Partners LP | UNIT LTD PARTN | 118230101 | 3,144 | 42,527 | SH | | SOLE | | 38,107 | 0 | 4,420 |
| Chesapeake Utilities Corp. | COM | 165303108 | 1,039 | 19,287 | SH | | SOLE | | 15,043 | 0 | 4,244 |
| Cominar REIT | COM | 199910951 | 1,011 | 71,187 | SH | | SOLE | | 70,667 | 0 | 520 |
| Commonwealth Bank of Australia | COM | 621503002 | 2,240 | 34,242 | SH | | SOLE | | 29,392 | 0 | 4,850 |
| Crombie REIT | COM | 227107109 | 597 | 59,755 | SH | | SOLE | | 59,365 | 0 | 390 |
| DCP Midstream Partners LP | UNIT LTD PARTN | 23311P100 | 801 | 26,092 | SH | | SOLE | | 19,827 | 0 | 6,265 |
| DTE Energy Co. | COM | 233331107 | 305 | 4,080 | SH | | SOLE | | 190 | 0 | 3,890 |
| Energias de Portugal, SA ADR | ADR | 268353109 | 1,402 | 36,947 | SH | | SOLE | | 36,947 | 0 | 0 |
| Enerplus Resources Fund Trust | COM | 292766102 | 897 | 102,096 | SH | | SOLE | | 89,046 | 0 | 13,050 |
| Enterprise Products Partners L | UNIT LTD PARTN | 293792107 | 2,835 | 94,844 | SH | | SOLE | | 84,424 | 0 | 10,420 |
| Ferrellgas Partners LP | UNIT LTD PARTN | 315293100 | 1,700 | 75,460 | SH | | SOLE | | 75,460 | 0 | 0 |
| Gaztransport et Technigaz SAS | COM | BJYRDP5 | 656 | 10,381 | SH | | SOLE | | 7,181 | 0 | 3,200 |
| Genworth MI Canada Inc. | COM | 37252B953 | 1,370 | 52,153 | SH | | SOLE | | 52,153 | 0 | 0 |
| Gladstone Commerical Corp. | COM | 376536108 | 1,330 | 80,309 | SH | | SOLE | | 74,654 | 0 | 5,655 |
| GlaxoSmithKline PLC ADR | ADR | 37733W105 | 656 | 15,747 | SH | | SOLE | | 10,583 | 0 | 5,164 |
| Global Partners LP | UNIT LTD PARTN | 37946R109 | 2,053 | 63,299 | SH | | SOLE | | 60,874 | 0 | 2,425 |
| Grupo Aeroportuario Del Pacifi | ADR | 400506101 | 2,331 | 34,038 | SH | | SOLE | | 33,988 | 0 | 50 |
| H&R REIT | COM | 404428203 | 767 | 42,665 | SH | | SOLE | | 42,154 | 0 | 511 |
| Hatteras Financial Corp | COM | 41902R103 | 452 | 27,700 | SH | | SOLE | | 26,100 | 0 | 1,600 |
| Kinder Morgan, Inc. | COM | 49456B101 | 3,073 | 80,047 | SH | | SOLE | | 73,512 | 0 | 6,535 |
| Martin Midstream Partners LP | UNIT LTD PARTN | 573331105 | 1,421 | 45,907 | SH | | SOLE | | 43,152 | 0 | 2,755 |
| Monmouth Real Estate Investmen | COM | 609720107 | 2,509 | 258,160 | SH | | SOLE | | 256,465 | 0 | 1,695 |
| National Grid PLC ADS | ADR | 636274300 | 923 | 14,301 | SH | | SOLE | | 10,191 | 0 | 4,110 |
| National Storage Affiliates Tr | COM | 637870106 | 280 | 22,549 | SH | | SOLE | | 22,549 | 0 | 0 |
| ONE Gas, Inc. | COM | 68235P108 | 604 | 14,192 | SH | | SOLE | | 7,313 | 0 | 6,879 |
| Oneok Inc. | COM | 682680103 | 208 | 5,259 | SH | | SOLE | | 906 | 0 | 4,353 |
| Oneok Partners LP | UNIT LTD PARTN | 68268N103 | 1,705 | 50,134 | SH | | SOLE | | 46,194 | 0 | 3,940 |
| Partners REIT | COM | 70214B977 | 304 | 102,699 | SH | | SOLE | | 102,699 | 0 | 0 |
| Pengrowth Energy Trust | COM | 70706P104 | 319 | 128,130 | SH | | SOLE | | 128,130 | 0 | 0 |
| Plains All American Pipeline L | UNIT LTD PARTN | 726503105 | 2,778 | 63,770 | SH | | SOLE | | 58,890 | 0 | 4,880 |
| Precinct Properties New Zealan | COM | 609327903 | 935 | 1,213,024 | SH | | SOLE | | 1,213,024 | 0 | 0 |
| Qiwi PLC | COM | 74735M108 | 511 | 18,210 | SH | | SOLE | | 17,890 | 0 | 320 |
| Realty Income Corp. | COM | 756109104 | 897 | 20,197 | SH | | SOLE | | 15,017 | 0 | 5,180 |
| Sasol Ltd. ADR | ADR | 803866300 | 803 | 21,656 | SH | | SOLE | | 21,406 | 0 | 250 |
| Sempra Energy | COM | 816851109 | 311 | 3,141 | SH | | SOLE | | 1,646 | 0 | 1,495 |
| Suburban Propane Partners LP | UNIT LTD PARTN | 864482104 | 1,034 | 25,927 | SH | | SOLE | | 25,157 | 0 | 770 |
| Sunoco Logistic Partners LP | UNIT LTD PARTN | 86764L108 | 2,882 | 75,777 | SH | | SOLE | | 67,237 | 0 | 8,540 |
| TC Pipelines LP | UNIT LTD PARTN | 87233Q108 | 2,880 | 50,528 | SH | | SOLE | | 46,623 | 0 | 3,905 |
| Teekay LNG Partners LP | UNIT LTD PARTN | Y8564M105 | 1,169 | 36,314 | SH | | SOLE | | 32,094 | 0 | 4,220 |
| Total SA ADR | ADR | 89151E109 | 1,320 | 26,843 | SH | | SOLE | | 25,483 | 0 | 1,360 |
| USA Compression Partners | UNIT LTD PARTN | 90290N109 | 901 | 47,000 | SH | | SOLE | | 43,500 | 0 | 3,500 |
| Urstadt Biddle Properties A | COM | 917286205 | 1,090 | 58,371 | SH | | SOLE | | 49,451 | 0 | 8,920 |
| Verizon Communications Inc. | COM | 92343V104 | 669 | 14,354 | SH | | SOLE | | 8,014 | 0 | 6,340 |
| Vermilion Energy Trust | COM | 923725956 | 1,618 | 37,441 | SH | | SOLE | | 36,841 | 0 | 600 |
| Advent Software, Inc. | COM | 007974108 | 512 | 11,590 | SH | | SOLE | | 9,270 | 0 | 2,320 |
| Air Products & Chemicals Inc. | COM | 009158106 | 2,153 | 15,732 | SH | | SOLE | | 14,822 | 0 | 910 |
| Anadarko Petroleum Corp. | COM | 032511107 | 2,095 | 26,833 | SH | | SOLE | | 24,068 | 0 | 2,765 |
| Apple Inc. | COM | 037833100 | 407 | 3,242 | SH | | SOLE | | 1,541 | 0 | 1,701 |
| Aptargroup, Inc. | COM | 038336103 | 2,951 | 46,281 | SH | | SOLE | | 43,151 | 0 | 3,130 |
| Automatic Data Processing Inc. | COM | 053015103 | 3,544 | 44,181 | SH | | SOLE | | 39,966 | 0 | 4,215 |
| Avery Dennison Corp. | COM | 053611109 | 1,711 | 28,081 | SH | | SOLE | | 22,946 | 0 | 5,135 |
| Bank of Ireland | ADR | 3060625 | 2,011 | 4,957,955 | SH | | SOLE | | 4,957,955 | 0 | 0 |
| Bemis Co. Inc. | COM | 081437105 | 2,558 | 56,824 | SH | | SOLE | | 56,824 | 0 | 0 |
| C.R. Bard Inc. | COM | 067383109 | 921 | 5,394 | SH | | SOLE | | 3,434 | 0 | 1,960 |
| CDK Global Holdings LLC | COM | 12508E101 | 1,298 | 24,038 | SH | | SOLE | | 21,534 | 0 | 2,504 |
| Church & Dwight Co., Inc. | COM | 171340102 | 643 | 7,925 | SH | | SOLE | | 5,475 | 0 | 2,450 |
| Colgate-Palmolive Co. | COM | 194162103 | 3,349 | 51,206 | SH | | SOLE | | 45,596 | 0 | 5,610 |
| Comcast Corp. | COM | 20030N101 | 699 | 11,622 | SH | | SOLE | | 6,252 | 0 | 5,370 |
| Credito Real Sofom ENR | ADR | B8DST5905 | 693 | 309,221 | SH | | SOLE | | 309,221 | 0 | 0 |
| Cummins Inc. | COM | 231021106 | 1,095 | 8,350 | SH | | SOLE | | 7,855 | 0 | 495 |
| Ecolab, Inc. | COM | 278865100 | 375 | 3,320 | SH | | SOLE | | 2,270 | 0 | 1,050 |
| Emerson Electric Co. | COM | 291011104 | 2,436 | 43,944 | SH | | SOLE | | 39,039 | 0 | 4,905 |
| Exxon Mobil Corp. | COM | 30231G102 | 951 | 11,435 | SH | | SOLE | | 9,000 | 0 | 2,435 |
| Fiserv Inc. | COM | 337738108 | 4,293 | 51,825 | SH | | SOLE | | 47,280 | 0 | 4,545 |
| General Mills Inc. | COM | 370334104 | 3,511 | 63,004 | SH | | SOLE | | 57,729 | 0 | 5,275 |
| Global Specialty Metals Inc. | COM | 37954N206 | 821 | 46,378 | SH | | SOLE | | 46,378 | 0 | 0 |
| Graco, Inc. | COM | 384109104 | 3,134 | 44,120 | SH | | SOLE | | 41,180 | 0 | 2,940 |
| Grainger, WW Inc. | COM | 384802104 | 3,259 | 13,772 | SH | | SOLE | | 12,727 | 0 | 1,045 |
| Hasbro Inc. | COM | 418056107 | 210 | 2,802 | SH | | SOLE | | 2,152 | 0 | 650 |
| Heineken NV ADR | ADR | 423012301 | 3,030 | 79,909 | SH | | SOLE | | 74,069 | 0 | 5,840 |
| Hormel Foods Corp. | COM | 440452100 | 4,286 | 76,038 | SH | | SOLE | | 69,843 | 0 | 6,195 |
| ITT Corp. | COM | 450911201 | 2,450 | 58,552 | SH | | SOLE | | 56,177 | 0 | 2,375 |
| Imperial Oil Ltd. | COM | 453038408 | 482 | 12,482 | SH | | SOLE | | 12,482 | 0 | 0 |
| Infosys Ltd. ADR | ADR | 456788108 | 991 | 62,520 | SH | | SOLE | | 62,520 | 0 | 0 |
| Ingredion Inc. | COM | 457187102 | 3,073 | 38,502 | SH | | SOLE | | 38,207 | 0 | 295 |
| Jacobs Engineering Group | COM | 469814107 | 2,081 | 51,233 | SH | | SOLE | | 49,033 | 0 | 2,200 |
| John Wiley & Sons Inc. A | COM | 968223206 | 720 | 13,237 | SH | | SOLE | | 13,237 | 0 | 0 |
| Johnson & Johnson | COM | 478160104 | 383 | 3,929 | SH | | SOLE | | 3,929 | 0 | 0 |
| Johnson Controls Inc. | COM | 478366107 | 2,063 | 41,652 | SH | | SOLE | | 40,742 | 0 | 910 |
| Kimberly-Clark Corp. | COM | 494368103 | 1,586 | 14,969 | SH | | SOLE | | 12,654 | 0 | 2,315 |
| Lakeview Hotel Investment Co. | COM | 51222P950 | 8 | 32,876 | SH | | SOLE | | 32,876 | 0 | 0 |
| Lakeview Hotel Investment Corp | COM | HCB8J36M0 | 21 | 73,900 | SH | | SOLE | | 73,900 | 0 | 0 |
| Leggett & Platt Inc. | COM | 524660107 | 850 | 17,460 | SH | | SOLE | | 13,065 | 0 | 4,395 |
| Lincoln Electric Holdings Inc. | COM | 533900106 | 1,669 | 27,416 | SH | | SOLE | | 24,446 | 0 | 2,970 |
| Macy's, Inc. | COM | 55616P104 | 562 | 8,325 | SH | | SOLE | | 3,845 | 0 | 4,480 |
| Marathon Oil Corp. | COM | 565849106 | 1,036 | 39,017 | SH | | SOLE | | 33,357 | 0 | 5,660 |
| McCormick & Co. Inc. | COM | 579780206 | 2,401 | 29,665 | SH | | SOLE | | 27,775 | 0 | 1,890 |
| McDonald's Corp. | COM | 580135101 | 3,170 | 33,348 | SH | | SOLE | | 31,288 | 0 | 2,060 |
| Mechel Open Joint Stock Co. AD | ADR | 583840103 | 88 | 71,645 | SH | | SOLE | | 71,645 | 0 | 0 |
| Metaldyne Performance Group, I | COM | 59116R107 | 403 | 22,221 | SH | | SOLE | | 20,521 | 0 | 1,700 |
| Mettler-Toledo International, | COM | 592688105 | 4,028 | 11,805 | SH | | SOLE | | 11,265 | 0 | 540 |
| Microchip Technology Inc. | COM | 595017104 | 386 | 8,130 | SH | | SOLE | | 530 | 0 | 7,600 |
| Molina Healthcare Inc. | COM | 60855R100 | 725 | 10,311 | SH | | SOLE | | 6,446 | 0 | 3,865 |
| Myriad Genetics Inc. | COM | 62855J104 | 875 | 25,729 | SH | | SOLE | | 17,084 | 0 | 8,645 |
| Nordson Corp. | COM | 655663102 | 377 | 4,840 | SH | | SOLE | | 450 | 0 | 4,390 |
| Norfolk & Southern Corp. | COM | 655844108 | 2,986 | 34,181 | SH | | SOLE | | 33,121 | 0 | 1,060 |
| Novartis AG ADR | ADR | 66987V109 | 1,382 | 14,050 | SH | | SOLE | | 10,360 | 0 | 3,690 |
| Novolipetsk GDR | ADR | 67011E204 | 903 | 67,865 | SH | | SOLE | | 67,865 | 0 | 0 |
| Occidental Petroleum Corp. | COM | 674599105 | 1,159 | 14,900 | SH | | SOLE | | 14,900 | 0 | 0 |
| Omnicom Group | COM | 681919106 | 3,101 | 44,625 | SH | | SOLE | | 38,780 | 0 | 5,845 |
| Parker Hannifin Corp. | COM | 701094104 | 2,340 | 20,115 | SH | | SOLE | | 16,935 | 0 | 3,180 |
| Paychex, Inc. | COM | 704326107 | 2,556 | 54,527 | SH | | SOLE | | 47,942 | 0 | 6,585 |
| Praxair, Inc. | COM | 74005P104 | 2,578 | 21,568 | SH | | SOLE | | 20,298 | 0 | 1,270 |
| Prosperity Bancshares Inc. | COM | 743606105 | 3,042 | 52,687 | SH | | SOLE | | 45,427 | 0 | 7,260 |
| Reckitt Benckiser PLC | COM | B24CGK904 | 492 | 5,705 | SH | | SOLE | | 5,705 | 0 | 0 |
| Rostelecom Long Distance ADR | ADR | 778529107 | 255 | 26,128 | SH | | SOLE | | 26,128 | 0 | 0 |
| Sally Beauty Holdings Inc. | COM | 79546E104 | 990 | 31,363 | SH | | SOLE | | 28,473 | 0 | 2,890 |
| Schneider Electric SA | COM | 483410007 | 2,445 | 35,439 | SH | | SOLE | | 32,699 | 0 | 2,740 |
| Sherwin-Williams Co. | COM | 824348106 | 3,824 | 13,903 | SH | | SOLE | | 12,921 | 0 | 982 |
| Shire PLC | COM | 82481R106 | 312 | 1,293 | SH | | SOLE | | 1,223 | 0 | 70 |
| Sirona Dental Systems Inc. | COM | 82966C103 | 837 | 8,332 | SH | | SOLE | | 7,302 | 0 | 1,030 |
| Smith & Nephew PLC | COM | 83175M205 | 654 | 19,271 | SH | | SOLE | | 19,006 | 0 | 265 |
| Sonoco Products Co. | COM | 835495102 | 495 | 11,538 | SH | | SOLE | | 7,188 | 0 | 4,350 |
| Spectral Medical Inc. | COM | 847574100 | 13 | 20,000 | SH | | SOLE | | 20,000 | 0 | 0 |
| St. Gobain SA | COM | 738048909 | 1,428 | 31,819 | SH | | SOLE | | 31,709 | 0 | 110 |
| Sunstone Hotel Investors Inc. | COM | 867892101 | 424 | 28,259 | SH | | SOLE | | 28,259 | 0 | 0 |
| Synchrony Financial | COM | 87165B103 | 1,082 | 32,868 | SH | | SOLE | | 22,668 | 0 | 10,200 |
| The Clorox Co. | COM | 189054109 | 669 | 6,427 | SH | | SOLE | | 6,427 | 0 | 0 |
| Thermon Group Holdings, Inc. | COM | 88362T103 | 988 | 41,034 | SH | | SOLE | | 41,034 | 0 | 0 |
| Toronto Dominion Bank | COM | 891160509 | 2,736 | 64,363 | SH | | SOLE | | 56,083 | 0 | 8,280 |
| US Physical Therapy Inc. | COM | 90337L108 | 1,726 | 31,517 | SH | | SOLE | | 28,597 | 0 | 2,920 |
| Xylem, Inc. | COM | 98419M100 | 1,556 | 41,984 | SH | | SOLE | | 38,759 | 0 | 3,225 |
| Yandex NV | COM | N97284108 | 419 | 27,542 | SH | | SOLE | | 27,542 | 0 | 0 |
