| 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 | 1,097 | 17,501 | SH | | SOLE | | 12,821 | 0 | 4,680 |
| Amerigas Partners LP | UNIT LTD PARTN | 030975106 | 2,459 | 56,561 | SH | | SOLE | | 50,931 | 0 | 5,630 |
| Armada Hoffler Properties, Inc | COM | 04208T108 | 485 | 43,155 | SH | | SOLE | | 37,195 | 0 | 5,960 |
| Buckeye Partners LP | UNIT LTD PARTN | 118230101 | 2,648 | 38,978 | SH | | SOLE | | 34,348 | 0 | 4,630 |
| Calumet Specialty Products Par | UNIT LTD PARTN | 131476103 | 211 | 17,997 | SH | | SOLE | | 17,972 | 0 | 25 |
| Chesapeake Utilities Corp. | COM | 165303108 | 1,184 | 18,797 | SH | | SOLE | | 14,373 | 0 | 4,424 |
| Cominar REIT | COM | 199910951 | 832 | 62,580 | SH | | SOLE | | 62,060 | 0 | 520 |
| Commonwealth Bank of Australia | COM | 621503002 | 1,920 | 33,313 | SH | | SOLE | | 28,273 | 0 | 5,040 |
| Crombie REIT | COM | 227107109 | 635 | 58,410 | SH | | SOLE | | 58,020 | 0 | 390 |
| DCP Midstream Partners LP | UNIT LTD PARTN | 23311P100 | 878 | 32,226 | SH | | SOLE | | 25,791 | 0 | 6,435 |
| Energias de Portugal, SA ADR | ADR | 268353109 | 1,277 | 35,983 | SH | | SOLE | | 35,983 | 0 | 0 |
| Enerplus Resources Fund Trust | COM | 292766102 | 365 | 92,957 | SH | | SOLE | | 79,907 | 0 | 13,050 |
| Enterprise Products Partners L | UNIT LTD PARTN | 293792107 | 2,292 | 93,109 | SH | | SOLE | | 82,609 | 0 | 10,500 |
| Ferrellgas Partners LP | UNIT LTD PARTN | 315293100 | 1,057 | 60,720 | SH | | SOLE | | 60,720 | 0 | 0 |
| Gaztransport et Technigaz SAS | COM | BJYRDP5 | 503 | 15,334 | SH | | SOLE | | 8,654 | 0 | 6,680 |
| Genworth MI Canada Inc. | COM | 37252B953 | 1,202 | 50,787 | SH | | SOLE | | 50,787 | 0 | 0 |
| Gladstone Commerical Corp. | COM | 376536108 | 1,320 | 80,578 | SH | | SOLE | | 74,923 | 0 | 5,655 |
| Global Partners LP | UNIT LTD PARTN | 37946R109 | 723 | 53,536 | SH | | SOLE | | 51,111 | 0 | 2,425 |
| Grupo Aeroportuario Del Pacifi | ADR | 400506101 | 2,511 | 28,307 | SH | | SOLE | | 28,257 | 0 | 50 |
| H&R REIT | COM | 404428203 | 694 | 42,745 | SH | | SOLE | | 42,234 | 0 | 511 |
| Hatteras Financial Corp | COM | 41902R103 | 350 | 24,448 | SH | | SOLE | | 24,448 | 0 | 0 |
| Kinder Morgan, Inc. | COM | 49456B101 | 695 | 38,897 | SH | | SOLE | | 32,172 | 0 | 6,725 |
| Martin Midstream Partners LP | UNIT LTD PARTN | 573331105 | 666 | 33,148 | SH | | SOLE | | 31,803 | 0 | 1,345 |
| Monmouth Real Estate Investmen | COM | 609720107 | 2,954 | 248,422 | SH | | SOLE | | 246,727 | 0 | 1,695 |
| National Grid PLC ADS | ADR | 636274300 | 1,575 | 22,057 | SH | | SOLE | | 17,787 | 0 | 4,270 |
| ONE Gas, Inc. | COM | 68235P108 | 878 | 14,376 | SH | | SOLE | | 7,313 | 0 | 7,063 |
| ONEOK Partners LP | UNIT LTD PARTN | 68268N103 | 1,538 | 48,969 | SH | | SOLE | | 44,989 | 0 | 3,980 |
| Partners REIT | COM | 70214B977 | 208 | 78,769 | SH | | SOLE | | 78,769 | 0 | 0 |
| Pengrowth Energy Trust | COM | 70706P104 | 173 | 131,894 | SH | | SOLE | | 131,894 | 0 | 0 |
| Plains All American Pipeline L | UNIT LTD PARTN | 726503105 | 1,003 | 47,842 | SH | | SOLE | | 42,732 | 0 | 5,110 |
| Precinct Properties New Zealan | COM | 609327903 | 1,019 | 1,169,450 | SH | | SOLE | | 1,169,450 | 0 | 0 |
| Realty Income Corp. | COM | 756109104 | 1,223 | 19,562 | SH | | SOLE | | 14,212 | 0 | 5,350 |
| Sasol Ltd. ADR | ADR | 803866300 | 605 | 20,487 | SH | | SOLE | | 20,237 | 0 | 250 |
| Suburban Propane Partners LP | UNIT LTD PARTN | 864482104 | 655 | 21,930 | SH | | SOLE | | 21,160 | 0 | 770 |
| Sunoco Logistic Partners LP | UNIT LTD PARTN | 86764L108 | 1,870 | 74,590 | SH | | SOLE | | 65,650 | 0 | 8,940 |
| TC Pipelines LP | UNIT LTD PARTN | 87233Q108 | 2,385 | 49,466 | SH | | SOLE | | 45,401 | 0 | 4,065 |
| Teekay LNG Partners LP | UNIT LTD PARTN | Y8564M105 | 391 | 30,826 | SH | | SOLE | | 26,536 | 0 | 4,290 |
| Total SA ADR | ADR | 89151E109 | 1,173 | 25,819 | SH | | SOLE | | 24,459 | 0 | 1,360 |
| USA Compression Partners LP | UNIT LTD PARTN | 90290N109 | 540 | 45,956 | SH | | SOLE | | 42,431 | 0 | 3,525 |
| Urstadt Biddle Properties Inc. | COM | 917286205 | 1,237 | 59,068 | SH | | SOLE | | 49,798 | 0 | 9,270 |
| Verizon Communications Inc. | COM | 92343V104 | 964 | 17,823 | SH | | SOLE | | 11,403 | 0 | 6,420 |
| Vermilion Energy Trust | COM | 923725956 | 883 | 30,050 | SH | | SOLE | | 29,450 | 0 | 600 |
| WPT Industrial REIT | COM | 92937G109 | 139 | 13,250 | SH | | SOLE | | 13,250 | 0 | 0 |
| Air Products & Chemicals Inc. | COM | 009158106 | 2,181 | 15,139 | SH | | SOLE | | 14,149 | 0 | 990 |
| Anadarko Petroleum Corp. | COM | 032511107 | 1,114 | 23,916 | SH | | SOLE | | 22,481 | 0 | 1,435 |
| Apple Inc. | COM | 037833100 | 363 | 3,331 | SH | | SOLE | | 1,520 | 0 | 1,811 |
| Aptargroup, Inc. | COM | 038336103 | 2,678 | 34,148 | SH | | SOLE | | 30,918 | 0 | 3,230 |
| Automatic Data Processing Inc. | COM | 053015103 | 3,601 | 40,145 | SH | | SOLE | | 35,770 | 0 | 4,375 |
| Avery Dennison Corp. | COM | 053611109 | 1,844 | 25,576 | SH | | SOLE | | 20,231 | 0 | 5,345 |
| Bank of Ireland | COM | 3060625 | 1,371 | 4,716,674 | SH | | SOLE | | 4,716,674 | 0 | 0 |
| Bemis Co. Inc. | COM | 081437105 | 2,811 | 54,288 | SH | | SOLE | | 54,218 | 0 | 70 |
| Breitburn Energy Partners LP | UNIT LTD PARTN | 106776107 | 38 | 67,509 | SH | | SOLE | | 44,429 | 0 | 23,080 |
| C.R. Bard Inc. | COM | 067383109 | 1,562 | 7,709 | SH | | SOLE | | 5,699 | 0 | 2,010 |
| CDK Global Holdings LLC | COM | 12508E101 | 1,066 | 22,907 | SH | | SOLE | | 20,403 | 0 | 2,504 |
| Church & Dwight Co., Inc. | COM | 171340102 | 496 | 5,385 | SH | | SOLE | | 3,890 | 0 | 1,495 |
| Colgate-Palmolive Co. | COM | 194162103 | 3,585 | 50,747 | SH | | SOLE | | 45,072 | 0 | 5,675 |
| Comcast Corp. | COM | 20030N101 | 959 | 15,695 | SH | | SOLE | | 10,110 | 0 | 5,585 |
| Credito Real Sofom ENR | COM | B8DST5905 | 660 | 306,783 | SH | | SOLE | | 306,783 | 0 | 0 |
| Cummins Inc. | COM | 231021106 | 716 | 6,517 | SH | | SOLE | | 6,002 | 0 | 515 |
| Dentsply Sirona Inc. | COM | 24906P109 | 886 | 14,376 | SH | | SOLE | | 12,517 | 0 | 1,859 |
| Ecolab, Inc. | COM | 278865100 | 375 | 3,365 | SH | | SOLE | | 2,270 | 0 | 1,095 |
| Emerson Electric Co. | COM | 291011104 | 2,389 | 43,925 | SH | | SOLE | | 38,300 | 0 | 5,625 |
| Fastenal Co. | COM | 311900104 | 602 | 12,290 | SH | | SOLE | | 10,650 | 0 | 1,640 |
| Ferroglobe PLC | COM | G33856108 | 227 | 25,710 | SH | | SOLE | | 25,710 | 0 | 0 |
| Fiserv Inc. | COM | 337738108 | 3,575 | 34,847 | SH | | SOLE | | 30,152 | 0 | 4,695 |
| General Mills Inc. | COM | 370334104 | 3,645 | 57,539 | SH | | SOLE | | 51,944 | 0 | 5,595 |
| Givaudan SA ADR | ADR | 37636P108 | 1,117 | 28,469 | SH | | SOLE | | 24,769 | 0 | 3,700 |
| Graco, Inc. | COM | 384109104 | 2,598 | 30,944 | SH | | SOLE | | 27,904 | 0 | 3,040 |
| Grainger, WW Inc. | COM | 384802104 | 2,424 | 10,386 | SH | | SOLE | | 9,299 | 0 | 1,087 |
| HFF Inc. | COM | 40418F108 | 409 | 14,860 | SH | | SOLE | | 14,860 | 0 | 0 |
| Hasbro Inc. | COM | 418056107 | 228 | 2,847 | SH | | SOLE | | 2,152 | 0 | 695 |
| Heineken NV ADR | ADR | 423012301 | 3,092 | 68,269 | SH | | SOLE | | 62,229 | 0 | 6,040 |
| Honeywell International Inc. | COM | 438516106 | 1,387 | 12,380 | SH | | SOLE | | 10,510 | 0 | 1,870 |
| Hormel Foods Corp. | COM | 440452100 | 4,605 | 106,498 | SH | | SOLE | | 93,508 | 0 | 12,990 |
| Hubbell Inc. | COM | 443510607 | 1,283 | 12,110 | SH | | SOLE | | 10,025 | 0 | 2,085 |
| IMI PLC | COM | BGLP8L902 | 161 | 11,780 | SH | | SOLE | | 11,780 | 0 | 0 |
| ITT Corp. | COM | 450911201 | 2,075 | 56,259 | SH | | SOLE | | 53,784 | 0 | 2,475 |
| Illinois Tool Works Inc. | COM | 452308109 | 683 | 6,670 | SH | | SOLE | | 5,140 | 0 | 1,530 |
| Imperial Oil Ltd. | COM | 453038408 | 403 | 12,073 | SH | | SOLE | | 12,073 | 0 | 0 |
| Ingredion Inc. | COM | 457187102 | 2,866 | 26,841 | SH | | SOLE | | 26,511 | 0 | 330 |
| International Flavors & Fragra | COM | 459506101 | 1,415 | 12,435 | SH | | SOLE | | 10,300 | 0 | 2,135 |
| John Wiley & Sons Inc. A | COM | 968223206 | 549 | 11,225 | SH | | SOLE | | 11,225 | 0 | 0 |
| Johnson Controls Inc. | COM | 478366107 | 1,562 | 40,073 | SH | | SOLE | | 39,088 | 0 | 985 |
| Kimberly-Clark Corp. | COM | 494368103 | 2,098 | 15,597 | SH | | SOLE | | 13,212 | 0 | 2,385 |
| LKQ Corp. | COM | 501889208 | 678 | 21,223 | SH | | SOLE | | 19,023 | 0 | 2,200 |
| Lakeview Hotel Investment Co. | COM | 51222P950 | 1 | 23,294 | SH | | SOLE | | 23,294 | 0 | 0 |
| Lakeview Hotel Investment Corp | COM | HCB8J36M0 | 3 | 73,900 | SH | | SOLE | | 73,900 | 0 | 0 |
| Leggett & Platt Inc. | COM | 524660107 | 1,436 | 29,675 | SH | | SOLE | | 25,110 | 0 | 4,565 |
| Lincoln Electric Holdings Inc. | COM | 533900106 | 1,278 | 21,820 | SH | | SOLE | | 17,080 | 0 | 4,740 |
| McCormick & Co. Inc. | COM | 579780206 | 2,838 | 28,529 | SH | | SOLE | | 26,499 | 0 | 2,030 |
| McDonald's Corp. | COM | 580135101 | 2,762 | 21,979 | SH | | SOLE | | 19,829 | 0 | 2,150 |
| Mechel Open Joint Stock Co. AD | ADR | 583840103 | 62 | 34,183 | SH | | SOLE | | 34,183 | 0 | 0 |
| Metaldyne Performance Group, I | COM | 59116R107 | 456 | 27,115 | SH | | SOLE | | 25,415 | 0 | 1,700 |
| Mettler-Toledo International, | COM | 592688105 | 1,755 | 5,090 | SH | | SOLE | | 4,710 | 0 | 380 |
| Myriad Genetics Inc. | COM | 62855J104 | 910 | 24,309 | SH | | SOLE | | 15,514 | 0 | 8,795 |
| Nordson Corp. | COM | 655663102 | 954 | 12,548 | SH | | SOLE | | 7,858 | 0 | 4,690 |
| Norfolk & Southern Corp. | COM | 655844108 | 2,081 | 25,002 | SH | | SOLE | | 23,912 | 0 | 1,090 |
| Novartis AG ADR | ADR | 66987V109 | 1,379 | 19,035 | SH | | SOLE | | 15,165 | 0 | 3,870 |
| Novolipetsk GDR | ADR | 67011E204 | 472 | 37,765 | SH | | SOLE | | 37,765 | 0 | 0 |
| Occidental Petroleum Corp. | COM | 674599105 | 969 | 14,163 | SH | | SOLE | | 14,163 | 0 | 0 |
| Omnicom Group | COM | 681919106 | 3,400 | 40,849 | SH | | SOLE | | 34,819 | 0 | 6,030 |
| Parker Hannifin Corp. | COM | 701094104 | 1,956 | 17,613 | SH | | SOLE | | 14,303 | 0 | 3,310 |
| Paychex, Inc. | COM | 704326107 | 2,561 | 47,426 | SH | | SOLE | | 40,601 | 0 | 6,825 |
| Praxair, Inc. | COM | 74005P104 | 2,372 | 20,727 | SH | | SOLE | | 19,397 | 0 | 1,330 |
| Prosperity Bancshares Inc. | COM | 743606105 | 2,266 | 48,856 | SH | | SOLE | | 41,366 | 0 | 7,490 |
| Qiwi PLC | COM | 74735M108 | 255 | 17,592 | SH | | SOLE | | 17,272 | 0 | 320 |
| Reckitt Benckiser PLC | COM | B24CGK904 | 678 | 7,005 | SH | | SOLE | | 7,005 | 0 | 0 |
| Rostelecom Long Distance ADR | ADR | 778529107 | 192 | 21,455 | SH | | SOLE | | 21,455 | 0 | 0 |
| Sally Beauty Holdings Inc. | COM | 79546E104 | 970 | 29,952 | SH | | SOLE | | 26,972 | 0 | 2,980 |
| Schneider Electric SA | COM | 483410007 | 2,142 | 33,836 | SH | | SOLE | | 30,996 | 0 | 2,840 |
| Sherwin-Williams Co. | COM | 824348106 | 2,601 | 9,137 | SH | | SOLE | | 8,125 | 0 | 1,012 |
| Shire PLC | COM | 82481R106 | 222 | 1,293 | SH | | SOLE | | 1,223 | 0 | 70 |
| Smith & Nephew PLC | COM | 83175M205 | 1,106 | 33,204 | SH | | SOLE | | 32,839 | 0 | 365 |
| Spectral Medical Inc. | COM | 847574100 | 12 | 20,000 | SH | | SOLE | | 20,000 | 0 | 0 |
| St. Gobain SA | COM | 738048909 | 1,337 | 30,287 | SH | | SOLE | | 30,177 | 0 | 110 |
| Sunstone Hotel Investors Inc. | COM | 867892101 | 409 | 29,212 | SH | | SOLE | | 29,212 | 0 | 0 |
| Swift Energy Co. | COM | 870738101 | 4 | 35,000 | SH | | SOLE | | 35,000 | 0 | 0 |
| Synchrony Financial | COM | 87165B103 | 1,081 | 37,720 | SH | | SOLE | | 26,755 | 0 | 10,965 |
| Tennant Co. | COM | 880345103 | 933 | 18,130 | SH | | SOLE | | 15,770 | 0 | 2,360 |
| The Clorox Co. | COM | 189054109 | 845 | 6,702 | SH | | SOLE | | 6,667 | 0 | 35 |
| Thermon Group Holdings, Inc. | COM | 88362T103 | 618 | 35,206 | SH | | SOLE | | 35,206 | 0 | 0 |
| Toronto Dominion Bank | COM | 891160509 | 2,673 | 61,977 | SH | | SOLE | | 53,357 | 0 | 8,620 |
| US Physical Therapy Inc. | COM | 90337L108 | 1,512 | 30,397 | SH | | SOLE | | 27,417 | 0 | 2,980 |
| Xylem, Inc. | COM | 98419M100 | 1,675 | 40,962 | SH | | SOLE | | 37,667 | 0 | 3,295 |
| Yandex NV | COM | N97284108 | 394 | 25,713 | SH | | SOLE | | 25,713 | 0 | 0 |
