| 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 | 977 | 17,961 | SH | | SOLE | | 13,171 | 0 | 4,790 |
| Amerigas Partners LP | UNIT LTD PARTN | 030975106 | 2,382 | 57,368 | SH | | SOLE | | 51,191 | 0 | 6,177 |
| Breitburn Energy Partners LP | UNIT LTD PARTN | 106776107 | 145 | 71,192 | SH | | SOLE | | 47,508 | 0 | 23,684 |
| Buckeye Partners LP | UNIT LTD PARTN | 118230101 | 2,537 | 42,797 | SH | | SOLE | | 37,688 | 0 | 5,109 |
| Calumet Specialty Products Par | COM | 131476103 | 432 | 17,796 | SH | | SOLE | | 17,639 | 0 | 157 |
| Chesapeake Utilities Corp. | COM | 165303108 | 1,037 | 19,538 | SH | | SOLE | | 14,893 | 0 | 4,645 |
| Cominar REIT | COM | 199910951 | 832 | 69,119 | SH | | SOLE | | 68,180 | 0 | 939 |
| Commonwealth Bank of Australia | COM | 621503002 | 1,764 | 34,540 | SH | | SOLE | | 29,173 | 0 | 5,367 |
| Crombie REIT | COM | 227107109 | 572 | 59,798 | SH | | SOLE | | 59,165 | 0 | 633 |
| DCP Midstream Partners LP | UNIT LTD PARTN | 23311P100 | 786 | 32,498 | SH | | SOLE | | 25,846 | 0 | 6,652 |
| DTE Energy Co. | COM | 233331107 | 305 | 3,800 | SH | | SOLE | | 190 | 0 | 3,610 |
| Energias de Portugal, SA ADR | ADR | 268353109 | 1,344 | 36,968 | SH | | SOLE | | 36,653 | 0 | 315 |
| Enerplus Resources Fund Trust | COM | 292766102 | 485 | 99,794 | SH | | SOLE | | 86,009 | 0 | 13,785 |
| Enterprise Products Partners L | UNIT LTD PARTN | 293792107 | 2,366 | 95,005 | SH | | SOLE | | 83,579 | 0 | 11,426 |
| Ferrellgas Partners LP | UNIT LTD PARTN | 315293100 | 1,492 | 75,537 | SH | | SOLE | | 74,795 | 0 | 742 |
| Gaztransport et Technigaz SAS | COM | BJYRDP5 | 545 | 10,522 | SH | | SOLE | | 7,076 | 0 | 3,446 |
| Genworth MI Canada Inc. | COM | 37252B953 | 1,117 | 52,090 | SH | | SOLE | | 51,410 | 0 | 680 |
| Gladstone Commerical Corp. | COM | 376536108 | 1,137 | 80,556 | SH | | SOLE | | 74,322 | 0 | 6,234 |
| Global Partners LP | UNIT LTD PARTN | 37946R109 | 1,802 | 63,609 | SH | | SOLE | | 60,597 | 0 | 3,012 |
| Grupo Aeroportuario Del Pacifi | ADR | 400506101 | 2,581 | 29,726 | SH | | SOLE | | 29,428 | 0 | 298 |
| H&R REIT | COM | 404428203 | 662 | 43,153 | SH | | SOLE | | 42,354 | 0 | 799 |
| Hatteras Financial Corp | COM | 41902R103 | 421 | 27,780 | SH | | SOLE | | 25,919 | 0 | 1,861 |
| Kinder Morgan, Inc. | COM | 49456B101 | 2,221 | 80,247 | SH | | SOLE | | 72,855 | 0 | 7,392 |
| Martin Midstream Partners LP | UNIT LTD PARTN | 573331105 | 881 | 36,108 | SH | | SOLE | | 32,837 | 0 | 3,271 |
| Monmouth Real Estate Investmen | COM | 609720107 | 2,517 | 258,170 | SH | | SOLE | | 254,412 | 0 | 3,758 |
| National Grid PLC ADS | ADR | 636274300 | 1,555 | 22,329 | SH | | SOLE | | 17,916 | 0 | 4,413 |
| ONE Gas, Inc. | COM | 68235P108 | 657 | 14,486 | SH | | SOLE | | 7,313 | 0 | 7,173 |
| ONEOK Partners LP | UNIT LTD PARTN | 68268N103 | 1,559 | 53,270 | SH | | SOLE | | 48,763 | 0 | 4,507 |
| Partners REIT | COM | 70214B977 | 256 | 102,618 | SH | | SOLE | | 101,737 | 0 | 881 |
| Pengrowth Energy Trust | COM | 70706P104 | 111 | 128,909 | SH | | SOLE | | 128,023 | 0 | 886 |
| Plains All American Pipeline L | UNIT LTD PARTN | 726503105 | 1,945 | 64,016 | SH | | SOLE | | 58,312 | 0 | 5,704 |
| Precinct Properties New Zealan | COM | 609327903 | 880 | 1,212,123 | SH | | SOLE | | 1,202,320 | 0 | 9,803 |
| Qiwi PLC | COM | 74735M108 | 294 | 18,249 | SH | | SOLE | | 17,762 | 0 | 487 |
| Realty Income Corp. | COM | 756109104 | 982 | 20,712 | SH | | SOLE | | 15,297 | 0 | 5,415 |
| Sasol Ltd. ADR | ADR | 803866300 | 608 | 21,864 | SH | | SOLE | | 21,487 | 0 | 377 |
| Suburban Propane Partners LP | UNIT LTD PARTN | 864482104 | 772 | 23,496 | SH | | SOLE | | 22,407 | 0 | 1,089 |
| Sunoco Logistic Partners LP | UNIT LTD PARTN | 86764L108 | 2,185 | 76,225 | SH | | SOLE | | 66,454 | 0 | 9,771 |
| TC Pipelines LP | UNIT LTD PARTN | 87233Q108 | 2,413 | 50,684 | SH | | SOLE | | 46,132 | 0 | 4,552 |
| Teekay LNG Partners LP | UNIT LTD PARTN | Y8564M105 | 876 | 36,602 | SH | | SOLE | | 31,954 | 0 | 4,648 |
| Temple Hotels Inc. REIT | COM | 879854107 | 1 | 10,200 | SH | | SOLE | | 10,200 | 0 | 0 |
| Total SA ADR | ADR | 89151E109 | 1,199 | 26,817 | SH | | SOLE | | 25,169 | 0 | 1,648 |
| USA Compression Partners | UNIT LTD PARTN | 90290N109 | 661 | 45,870 | SH | | SOLE | | 41,991 | 0 | 3,879 |
| Urstadt Biddle Properties A | COM | 917286205 | 1,103 | 58,839 | SH | | SOLE | | 49,250 | 0 | 9,589 |
| Verizon Communications Inc. | COM | 92343V104 | 799 | 18,362 | SH | | SOLE | | 11,813 | 0 | 6,549 |
| Vermilion Energy Trust | COM | 923725956 | 1,202 | 37,506 | SH | | SOLE | | 36,421 | 0 | 1,085 |
| Air Products & Chemicals Inc. | COM | 009158106 | 2,012 | 15,774 | SH | | SOLE | | 14,729 | 0 | 1,045 |
| Anadarko Petroleum Corp. | COM | 032511107 | 1,637 | 27,108 | SH | | SOLE | | 23,908 | 0 | 3,200 |
| Apple Inc. | COM | 037833100 | 367 | 3,331 | SH | | SOLE | | 1,520 | 0 | 1,811 |
| Aptargroup, Inc. | COM | 038336103 | 2,348 | 35,592 | SH | | SOLE | | 32,028 | 0 | 3,564 |
| Automatic Data Processing Inc. | COM | 053015103 | 3,567 | 44,390 | SH | | SOLE | | 39,565 | 0 | 4,825 |
| Avery Dennison Corp. | COM | 053611109 | 1,486 | 26,273 | SH | | SOLE | | 20,671 | 0 | 5,602 |
| Bank of Ireland | COM | 3060625 | 1,913 | 4,932,181 | SH | | SOLE | | 4,882,404 | 0 | 49,777 |
| Bemis Co. Inc. | COM | 081437105 | 2,247 | 56,785 | SH | | SOLE | | 56,358 | 0 | 427 |
| C.R. Bard Inc. | COM | 067383109 | 1,476 | 7,922 | SH | | SOLE | | 5,829 | 0 | 2,093 |
| CDK Global Holdings LLC | COM | 12508E101 | 1,151 | 24,091 | SH | | SOLE | | 21,253 | 0 | 2,838 |
| Church & Dwight Co., Inc. | COM | 171340102 | 827 | 9,857 | SH | | SOLE | | 7,179 | 0 | 2,678 |
| Colgate-Palmolive Co. | COM | 194162103 | 3,345 | 52,710 | SH | | SOLE | | 46,632 | 0 | 6,078 |
| Comcast Corp. | COM | 20030N101 | 911 | 16,009 | SH | | SOLE | | 10,320 | 0 | 5,689 |
| Credito Real Sofom ENR | COM | B8DST5905 | 603 | 309,702 | SH | | SOLE | | 306,661 | 0 | 3,041 |
| Cummins Inc. | COM | 231021106 | 973 | 8,964 | SH | | SOLE | | 8,401 | 0 | 563 |
| Ecolab, Inc. | COM | 278865100 | 370 | 3,370 | SH | | SOLE | | 2,270 | 0 | 1,100 |
| Emerson Electric Co. | COM | 291011104 | 1,949 | 44,128 | SH | | SOLE | | 38,660 | 0 | 5,468 |
| Exxon Mobil Corp. | COM | 30231G102 | 220 | 2,960 | SH | | SOLE | | 775 | 0 | 2,185 |
| Fiserv Inc. | COM | 337738108 | 3,388 | 39,123 | SH | | SOLE | | 34,007 | 0 | 5,116 |
| General Mills Inc. | COM | 370334104 | 3,368 | 60,002 | SH | | SOLE | | 53,814 | 0 | 6,188 |
| Givaudan SA ADR | ADR | 37636P108 | 949 | 29,224 | SH | | SOLE | | 25,459 | 0 | 3,765 |
| Global Specialty Metals Inc. | COM | 37954N206 | 562 | 46,340 | SH | | SOLE | | 45,921 | 0 | 419 |
| Graco, Inc. | COM | 384109104 | 2,154 | 32,132 | SH | | SOLE | | 28,776 | 0 | 3,356 |
| Grainger, WW Inc. | COM | 384802104 | 2,781 | 12,935 | SH | | SOLE | | 11,735 | 0 | 1,200 |
| Hasbro Inc. | COM | 418056107 | 208 | 2,882 | SH | | SOLE | | 2,152 | 0 | 730 |
| Heineken NV ADR | ADR | 423012301 | 2,962 | 72,604 | SH | | SOLE | | 65,789 | 0 | 6,815 |
| Honeywell International Inc. | COM | 438516106 | 1,047 | 11,060 | SH | | SOLE | | 9,600 | 0 | 1,460 |
| Hormel Foods Corp. | COM | 440452100 | 3,854 | 60,881 | SH | | SOLE | | 53,834 | 0 | 7,047 |
| Hubbell Inc. | COM | 443510102 | 1,171 | 10,825 | SH | | SOLE | | 9,300 | 0 | 1,525 |
| ITT Corp. | COM | 450911201 | 1,959 | 58,606 | SH | | SOLE | | 55,734 | 0 | 2,872 |
| Imperial Oil Ltd. | COM | 453038408 | 394 | 12,471 | SH | | SOLE | | 12,353 | 0 | 118 |
| Infosys Ltd. ADR | ADR | 456788108 | 372 | 19,495 | SH | | SOLE | | 19,495 | 0 | 0 |
| Ingredion Inc. | COM | 457187102 | 2,440 | 27,952 | SH | | SOLE | | 27,311 | 0 | 641 |
| International Flavors & Fragra | COM | 459506101 | 1,011 | 9,793 | SH | | SOLE | | 8,503 | 0 | 1,290 |
| John Wiley & Sons Inc. A | COM | 968223206 | 590 | 11,796 | SH | | SOLE | | 11,675 | 0 | 121 |
| Johnson & Johnson | COM | 478160104 | 365 | 3,909 | SH | | SOLE | | 3,849 | 0 | 60 |
| Johnson Controls Inc. | COM | 478366107 | 1,723 | 41,651 | SH | | SOLE | | 40,508 | 0 | 1,143 |
| Kimberly-Clark Corp. | COM | 494368103 | 1,763 | 16,170 | SH | | SOLE | | 13,632 | 0 | 2,538 |
| LKQ Corp. | COM | 501889208 | 564 | 19,870 | SH | | SOLE | | 17,463 | 0 | 2,407 |
| Lakeview Hotel Investment Co. | COM | 51222P950 | 8 | 32,602 | SH | | SOLE | | 31,794 | 0 | 808 |
| Lakeview Hotel Investment Corp | COM | HCB8J36M0 | 18 | 73,900 | SH | | SOLE | | 73,900 | 0 | 0 |
| Leggett & Platt Inc. | COM | 524660107 | 1,264 | 30,635 | SH | | SOLE | | 25,800 | 0 | 4,835 |
| Lincoln Electric Holdings Inc. | COM | 533900106 | 1,446 | 27,572 | SH | | SOLE | | 24,279 | 0 | 3,293 |
| Marathon Oil Corp. | COM | 565849106 | 344 | 22,321 | SH | | SOLE | | 17,075 | 0 | 5,246 |
| McCormick & Co. Inc. | COM | 579780206 | 2,455 | 29,877 | SH | | SOLE | | 27,529 | 0 | 2,348 |
| McDonald's Corp. | COM | 580135101 | 2,247 | 22,804 | SH | | SOLE | | 20,454 | 0 | 2,350 |
| Mechel Open Joint Stock Co. AD | ADR | 583840103 | 65 | 71,622 | SH | | SOLE | | 71,377 | 0 | 245 |
| Metaldyne Performance Group, I | COM | 59116R107 | 470 | 22,383 | SH | | SOLE | | 20,375 | 0 | 2,008 |
| Mettler-Toledo International, | COM | 592688105 | 2,195 | 7,709 | SH | | SOLE | | 7,065 | 0 | 644 |
| Molina Healthcare Inc. | COM | 60855R100 | 724 | 10,521 | SH | | SOLE | | 6,446 | 0 | 4,075 |
| Myriad Genetics Inc. | COM | 62855J104 | 942 | 25,131 | SH | | SOLE | | 16,214 | 0 | 8,917 |
| Nordson Corp. | COM | 655663102 | 705 | 11,195 | SH | | SOLE | | 6,428 | 0 | 4,767 |
| Norfolk & Southern Corp. | COM | 655844108 | 1,986 | 25,996 | SH | | SOLE | | 24,692 | 0 | 1,304 |
| Novartis AG ADR | ADR | 66987V109 | 1,794 | 19,517 | SH | | SOLE | | 15,495 | 0 | 4,022 |
| Novolipetsk GDR | ADR | 67011E204 | 777 | 67,865 | SH | | SOLE | | 67,865 | 0 | 0 |
| Occidental Petroleum Corp. | COM | 674599105 | 980 | 14,813 | SH | | SOLE | | 14,683 | 0 | 130 |
| Omnicom Group | COM | 681919106 | 2,862 | 43,433 | SH | | SOLE | | 36,989 | 0 | 6,444 |
| Parker Hannifin Corp. | COM | 701094104 | 1,795 | 18,446 | SH | | SOLE | | 14,983 | 0 | 3,463 |
| Paychex, Inc. | COM | 704326107 | 2,357 | 49,481 | SH | | SOLE | | 42,296 | 0 | 7,185 |
| Praxair, Inc. | COM | 74005P104 | 2,201 | 21,611 | SH | | SOLE | | 20,097 | 0 | 1,514 |
| Prosperity Bancshares Inc. | COM | 743606105 | 2,492 | 50,738 | SH | | SOLE | | 42,806 | 0 | 7,932 |
| Reckitt Benckiser PLC | COM | B24CGK904 | 660 | 7,276 | SH | | SOLE | | 7,175 | 0 | 101 |
| Rostelecom Long Distance ADR | ADR | 778529107 | 205 | 26,116 | SH | | SOLE | | 25,989 | 0 | 127 |
| Sally Beauty Holdings Inc. | COM | 79546E104 | 788 | 33,192 | SH | | SOLE | | 29,974 | 0 | 3,218 |
| Schneider Electric SA | COM | 483410007 | 1,985 | 35,565 | SH | | SOLE | | 32,406 | 0 | 3,159 |
| Sherwin-Williams Co. | COM | 824348106 | 2,127 | 9,547 | SH | | SOLE | | 8,450 | 0 | 1,097 |
| Shire PLC | COM | 82481R106 | 269 | 1,313 | SH | | SOLE | | 1,223 | 0 | 90 |
| Sirona Dental Systems Inc. | COM | 82966C103 | 777 | 8,325 | SH | | SOLE | | 7,221 | 0 | 1,104 |
| Smith & Nephew PLC | COM | 83175M205 | 1,187 | 33,908 | SH | | SOLE | | 33,499 | 0 | 409 |
| Spectral Medical Inc. | COM | 847574100 | 11 | 20,000 | SH | | SOLE | | 20,000 | 0 | 0 |
| St. Gobain SA | COM | 738048909 | 1,374 | 31,792 | SH | | SOLE | | 31,387 | 0 | 405 |
| Sunstone Hotel Investors Inc. | COM | 867892101 | 374 | 28,236 | SH | | SOLE | | 27,985 | 0 | 251 |
| Synchrony Financial | COM | 87165B103 | 1,075 | 34,351 | SH | | SOLE | | 23,869 | 0 | 10,482 |
| Tennant Co. | COM | 880345103 | 1,001 | 17,815 | SH | | SOLE | | 15,280 | 0 | 2,535 |
| The Clorox Co. | COM | 189054109 | 794 | 6,877 | SH | | SOLE | | 6,877 | 0 | 0 |
| Thermon Group Holdings, Inc. | COM | 88362T103 | 886 | 43,114 | SH | | SOLE | | 42,791 | 0 | 323 |
| Toronto Dominion Bank | COM | 891160509 | 2,551 | 64,712 | SH | | SOLE | | 55,497 | 0 | 9,215 |
| US Physical Therapy Inc. | COM | 90337L108 | 1,419 | 31,605 | SH | | SOLE | | 28,337 | 0 | 3,268 |
| Xylem, Inc. | COM | 98419M100 | 1,429 | 43,489 | SH | | SOLE | | 39,797 | 0 | 3,692 |
| Yandex NV | COM | N97284108 | 295 | 27,529 | SH | | SOLE | | 27,383 | 0 | 146 |
