| 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 | 1,015 | 14,725 | SH | | SOLE | | 9,960 | 0 | 4,765 |
| Amerigas Partners LP | UNIT LTD PARTN | 030975106 | 2,680 | 57,381 | SH | | SOLE | | 50,931 | 0 | 6,450 |
| Armada Hoffler Properties, Inc | COM | 04208T108 | 608 | 44,255 | SH | | SOLE | | 37,195 | 0 | 7,060 |
| Buckeye Partners LP | UNIT LTD PARTN | 118230101 | 2,829 | 40,228 | SH | | SOLE | | 34,778 | 0 | 5,450 |
| Chesapeake Utilities Corp. | COM | 165303108 | 1,250 | 18,887 | SH | | SOLE | | 14,373 | 0 | 4,514 |
| Cominar REIT | COM | 199910951 | 786 | 60,580 | SH | | SOLE | | 60,060 | 0 | 520 |
| Commonwealth Bank of Australia | COM | 621503002 | 1,845 | 33,313 | SH | | SOLE | | 28,273 | 0 | 5,040 |
| Crombie REIT | COM | 227107109 | 690 | 58,410 | SH | | SOLE | | 58,020 | 0 | 390 |
| DCP Midstream Partners LP | UNIT LTD PARTN | 23311P100 | 1,111 | 32,226 | SH | | SOLE | | 25,791 | 0 | 6,435 |
| Energias de Portugal, SA ADR | ADR | 268353109 | 1,104 | 35,983 | SH | | SOLE | | 35,983 | 0 | 0 |
| Enerplus Resources Fund Trust | COM | 292766102 | 678 | 103,272 | SH | | SOLE | | 88,722 | 0 | 14,550 |
| Enterprise Products Partners L | UNIT LTD PARTN | 293792107 | 2,635 | 90,067 | SH | | SOLE | | 77,771 | 0 | 12,296 |
| Ferrellgas Partners LP | UNIT LTD PARTN | 315293100 | 919 | 49,750 | SH | | SOLE | | 48,050 | 0 | 1,700 |
| Gaztransport et Technigaz SAS | COM | BJYRDP5 | 1,283 | 42,146 | SH | | SOLE | | 35,466 | 0 | 6,680 |
| Genworth MI Canada Inc. | COM | 37252B953 | 1,296 | 50,787 | SH | | SOLE | | 50,787 | 0 | 0 |
| Gladstone Commerical Corp. | COM | 376536108 | 1,459 | 86,408 | SH | | SOLE | | 78,428 | 0 | 7,980 |
| Global Partners LP | UNIT LTD PARTN | 37946R109 | 781 | 56,966 | SH | | SOLE | | 52,621 | 0 | 4,345 |
| H&R REIT | COM | 404428203 | 756 | 43,645 | SH | | SOLE | | 43,134 | 0 | 511 |
| Kinder Morgan, Inc. | COM | 49456B101 | 753 | 40,232 | SH | | SOLE | | 32,172 | 0 | 8,060 |
| Labrador Iron Ore Royalty Corp | COM | 505440107 | 1,065 | 111,425 | SH | | SOLE | | 88,925 | 0 | 22,500 |
| Martin Midstream Partners LP | UNIT LTD PARTN | 573331105 | 766 | 33,148 | SH | | SOLE | | 31,803 | 0 | 1,345 |
| Monmouth Real Estate Investmen | COM | 609720107 | 3,332 | 251,247 | SH | | SOLE | | 247,052 | 0 | 4,195 |
| National Grid PLC ADS | ADR | 636274300 | 1,706 | 22,957 | SH | | SOLE | | 17,787 | 0 | 5,170 |
| ONE Gas, Inc. | COM | 68235P108 | 756 | 11,347 | SH | | SOLE | | 6,077 | 0 | 5,270 |
| ONEOK Inc. | COM | 682680103 | 248 | 5,219 | SH | | SOLE | | 473 | 0 | 4,746 |
| ONEOK Partners LP | UNIT LTD PARTN | 68268N103 | 1,993 | 49,759 | SH | | SOLE | | 45,779 | 0 | 3,980 |
| Partners REIT | COM | 70214B977 | 213 | 78,769 | SH | | SOLE | | 78,769 | 0 | 0 |
| Pengrowth Energy Trust | COM | 70706P104 | 249 | 135,519 | SH | | SOLE | | 133,519 | 0 | 2,000 |
| Plains All American Pipeline L | UNIT LTD PARTN | 726503105 | 1,330 | 48,372 | SH | | SOLE | | 42,732 | 0 | 5,640 |
| Precinct Properties New Zealan | COM | 609327903 | 1,042 | 1,175,180 | SH | | SOLE | | 1,175,180 | 0 | 0 |
| Realty Income Corp. | COM | 756109104 | 1,395 | 20,119 | SH | | SOLE | | 14,242 | 0 | 5,877 |
| Sasol Ltd. ADR | ADR | 803866300 | 276 | 10,167 | SH | | SOLE | | 9,917 | 0 | 250 |
| Suburban Propane Partners LP | UNIT LTD PARTN | 864482104 | 792 | 23,725 | SH | | SOLE | | 22,405 | 0 | 1,320 |
| Sunoco Logistic Partners LP | UNIT LTD PARTN | 86764L108 | 2,204 | 76,650 | SH | | SOLE | | 66,070 | 0 | 10,580 |
| TC Pipelines LP | UNIT LTD PARTN | 87233Q108 | 2,917 | 50,947 | SH | | SOLE | | 45,401 | 0 | 5,546 |
| Teekay LNG Partners LP | UNIT LTD PARTN | Y8564M105 | 406 | 36,046 | SH | | SOLE | | 30,486 | 0 | 5,560 |
| Total SA ADR | ADR | 89151E109 | 1,001 | 20,819 | SH | | SOLE | | 19,259 | 0 | 1,560 |
| USA Compression Partners LP | UNIT LTD PARTN | 90290N109 | 687 | 46,886 | SH | | SOLE | | 42,431 | 0 | 4,455 |
| Urstadt Biddle Properties Inc. | COM | 917286205 | 1,487 | 60,008 | SH | | SOLE | | 49,798 | 0 | 10,210 |
| Verizon Communications Inc. | COM | 92343V104 | 929 | 16,634 | SH | | SOLE | | 11,523 | 0 | 5,111 |
| Vermilion Energy Trust | COM | 923725956 | 704 | 22,224 | SH | | SOLE | | 21,624 | 0 | 600 |
| WPT Industrial REIT | COM | 92937G109 | 147 | 13,345 | SH | | SOLE | | 13,345 | 0 | 0 |
| Air Products & Chemicals Inc. | COM | 009158106 | 2,159 | 15,199 | SH | | SOLE | | 14,149 | 0 | 1,050 |
| Anadarko Petroleum Corp. | COM | 032511107 | 1,276 | 23,956 | SH | | SOLE | | 22,521 | 0 | 1,435 |
| Apache Corp. | COM | 037411105 | 710 | 12,750 | SH | | SOLE | | 11,145 | 0 | 1,605 |
| Apple Inc. | COM | 037833100 | 318 | 3,322 | SH | | SOLE | | 1,410 | 0 | 1,912 |
| Aptargroup, Inc. | COM | 038336103 | 2,961 | 37,414 | SH | | SOLE | | 32,048 | 0 | 5,366 |
| AstroNova, Inc. | COM | 04638F108 | 311 | 20,407 | SH | | SOLE | | 15,267 | 0 | 5,140 |
| Automatic Data Processing Inc. | COM | 053015103 | 3,810 | 41,477 | SH | | SOLE | | 36,270 | 0 | 5,207 |
| Avery Dennison Corp. | COM | 053611109 | 1,580 | 21,143 | SH | | SOLE | | 17,216 | 0 | 3,927 |
| Bank of Ireland | COM | 3060625 | 581 | 2,866,810 | SH | | SOLE | | 2,866,810 | 0 | 0 |
| Bats Global Market Inc. | COM | 05491G109 | 1,059 | 41,240 | SH | | SOLE | | 35,250 | 0 | 5,990 |
| Bemis Co. Inc. | COM | 081437105 | 2,804 | 54,448 | SH | | SOLE | | 54,258 | 0 | 190 |
| Breitburn Energy Partners LP | UNIT LTD PARTN | 106776107 | 5 | 67,509 | SH | | SOLE | | 44,429 | 0 | 23,080 |
| C.R. Bard Inc. | COM | 067383109 | 1,840 | 7,825 | SH | | SOLE | | 5,734 | 0 | 2,091 |
| CDK Global Holdings LLC | COM | 12508E101 | 1,280 | 23,067 | SH | | SOLE | | 20,403 | 0 | 2,664 |
| Calumet Specialty Products Par | UNIT LTD PARTN | 131476103 | 98 | 19,997 | SH | | SOLE | | 19,972 | 0 | 25 |
| Church & Dwight Co., Inc. | COM | 171340102 | 572 | 5,556 | SH | | SOLE | | 3,960 | 0 | 1,596 |
| Colgate-Palmolive Co. | COM | 194162103 | 3,841 | 52,470 | SH | | SOLE | | 46,152 | 0 | 6,318 |
| Comcast Corp. | COM | 20030N101 | 1,039 | 15,932 | SH | | SOLE | | 10,210 | 0 | 5,722 |
| Credito Real Sofom ENR | COM | B8DST5905 | 578 | 306,783 | SH | | SOLE | | 306,783 | 0 | 0 |
| Criteo SA ADS | ADR | 226718104 | 210 | 4,568 | SH | | SOLE | | 4,568 | 0 | 0 |
| Cummins Inc. | COM | 231021106 | 741 | 6,587 | SH | | SOLE | | 6,072 | 0 | 515 |
| Dentsply Sirona Inc. | COM | 24906P109 | 913 | 14,717 | SH | | SOLE | | 12,828 | 0 | 1,889 |
| Ecolab, Inc. | COM | 278865100 | 409 | 3,445 | SH | | SOLE | | 2,270 | 0 | 1,175 |
| Emerson Electric Co. | COM | 291011104 | 2,299 | 44,075 | SH | | SOLE | | 38,300 | 0 | 5,775 |
| Exxon Mobil Corp. | COM | 30231G102 | 224 | 2,386 | SH | | SOLE | | 150 | 0 | 2,236 |
| Fastenal Co. | COM | 311900104 | 587 | 13,230 | SH | | SOLE | | 11,460 | 0 | 1,770 |
| Ferroglobe PLC | COM | G33856108 | 221 | 25,710 | SH | | SOLE | | 25,710 | 0 | 0 |
| Fiserv Inc. | COM | 337738108 | 3,808 | 35,018 | SH | | SOLE | | 30,152 | 0 | 4,866 |
| General Mills Inc. | COM | 370334104 | 3,923 | 55,007 | SH | | SOLE | | 49,669 | 0 | 5,338 |
| Givaudan SA ADR | ADR | 37636P108 | 1,144 | 28,469 | SH | | SOLE | | 24,769 | 0 | 3,700 |
| Graco, Inc. | COM | 384109104 | 2,454 | 31,065 | SH | | SOLE | | 27,904 | 0 | 3,161 |
| Grainger, WW Inc. | COM | 384802104 | 2,360 | 10,386 | SH | | SOLE | | 9,299 | 0 | 1,087 |
| Grupo Aeroportuario Del Pacifi | ADR | 400506101 | 2,900 | 28,252 | SH | | SOLE | | 28,072 | 0 | 180 |
| HFF Inc. | COM | 40418F108 | 429 | 14,860 | SH | | SOLE | | 14,860 | 0 | 0 |
| Hasbro Inc. | COM | 418056107 | 241 | 2,867 | SH | | SOLE | | 2,152 | 0 | 715 |
| Heineken NV ADR | ADR | 423012301 | 3,408 | 73,575 | SH | | SOLE | | 63,999 | 0 | 9,576 |
| Honeywell International Inc. | COM | 438516106 | 1,442 | 12,400 | SH | | SOLE | | 10,510 | 0 | 1,890 |
| Hormel Foods Corp. | COM | 440452100 | 3,703 | 101,167 | SH | | SOLE | | 87,749 | 0 | 13,418 |
| Hubbell Inc. | COM | 443510607 | 1,279 | 12,130 | SH | | SOLE | | 10,025 | 0 | 2,105 |
| IMI PLC | COM | BGLP8L902 | 305 | 23,560 | SH | | SOLE | | 23,560 | 0 | 0 |
| ITT Corp. | COM | 45073V108 | 1,628 | 50,909 | SH | | SOLE | | 48,284 | 0 | 2,625 |
| Illinois Tool Works Inc. | COM | 452308109 | 697 | 6,690 | SH | | SOLE | | 5,140 | 0 | 1,550 |
| Imperial Oil Ltd. | COM | 453038408 | 385 | 12,198 | SH | | SOLE | | 12,138 | 0 | 60 |
| Ingredion Inc. | COM | 457187102 | 3,885 | 30,021 | SH | | SOLE | | 26,671 | 0 | 3,350 |
| International Flavors & Fragra | COM | 459506101 | 1,572 | 12,470 | SH | | SOLE | | 10,315 | 0 | 2,155 |
| Johnson Controls Inc. | COM | 478366107 | 1,740 | 39,313 | SH | | SOLE | | 38,188 | 0 | 1,125 |
| Kimberly-Clark Corp. | COM | 494368103 | 2,181 | 15,863 | SH | | SOLE | | 13,357 | 0 | 2,506 |
| LKQ Corp. | COM | 501889208 | 673 | 21,223 | SH | | SOLE | | 19,023 | 0 | 2,200 |
| Lakeview Hotel Investment Co. | COM | 51222P950 | 2 | 23,294 | SH | | SOLE | | 23,294 | 0 | 0 |
| Lakeview Hotel Investment Corp | COM | HCB8J36M0 | 8 | 73,900 | SH | | SOLE | | 73,900 | 0 | 0 |
| Leggett & Platt Inc. | COM | 524660107 | 1,536 | 30,049 | SH | | SOLE | | 25,270 | 0 | 4,779 |
| Lincoln Electric Holdings Inc. | COM | 533900106 | 1,291 | 21,855 | SH | | SOLE | | 17,115 | 0 | 4,740 |
| McCormick & Co. Inc. | COM | 579780206 | 3,064 | 28,720 | SH | | SOLE | | 26,519 | 0 | 2,201 |
| McDonald's Corp. | COM | 580135101 | 2,283 | 18,969 | SH | | SOLE | | 16,849 | 0 | 2,120 |
| Mechel Open Joint Stock Co. AD | ADR | 583840103 | 57 | 34,183 | SH | | SOLE | | 34,183 | 0 | 0 |
| Metaldyne Performance Group, I | COM | 59116R107 | 380 | 27,670 | SH | | SOLE | | 25,840 | 0 | 1,830 |
| Mettler-Toledo International, | COM | 592688105 | 1,859 | 5,093 | SH | | SOLE | | 4,710 | 0 | 383 |
| Myriad Genetics Inc. | COM | 62855J104 | 748 | 24,432 | SH | | SOLE | | 15,514 | 0 | 8,918 |
| Nordson Corp. | COM | 655663102 | 1,052 | 12,578 | SH | | SOLE | | 7,858 | 0 | 4,720 |
| Norfolk & Southern Corp. | COM | 655844108 | 2,134 | 25,072 | SH | | SOLE | | 23,912 | 0 | 1,160 |
| Novartis AG ADR | ADR | 66987V109 | 1,576 | 19,099 | SH | | SOLE | | 15,165 | 0 | 3,934 |
| Novolipetsk GDR | ADR | 67011E204 | 491 | 37,765 | SH | | SOLE | | 37,765 | 0 | 0 |
| Occidental Petroleum Corp. | COM | 674599105 | 1,076 | 14,243 | SH | | SOLE | | 14,203 | 0 | 40 |
| Omnicom Group | COM | 681919106 | 3,337 | 40,951 | SH | | SOLE | | 34,699 | 0 | 6,252 |
| Parker Hannifin Corp. | COM | 701094104 | 1,904 | 17,618 | SH | | SOLE | | 14,258 | 0 | 3,360 |
| Paychex, Inc. | COM | 704326107 | 2,837 | 47,682 | SH | | SOLE | | 40,601 | 0 | 7,081 |
| Praxair, Inc. | COM | 74005P104 | 2,340 | 20,817 | SH | | SOLE | | 19,397 | 0 | 1,420 |
| Prosperity Bancshares Inc. | COM | 743606105 | 2,502 | 49,066 | SH | | SOLE | | 41,426 | 0 | 7,640 |
| Qiwi PLC | COM | 74735M108 | 153 | 11,693 | SH | | SOLE | | 11,373 | 0 | 320 |
| Reckitt Benckiser PLC | COM | B24CGK904 | 728 | 7,270 | SH | | SOLE | | 7,270 | 0 | 0 |
| Rostelecom Long Distance ADR | ADR | 778529107 | 186 | 21,455 | SH | | SOLE | | 21,455 | 0 | 0 |
| Sally Beauty Holdings Inc. | COM | 79546E104 | 883 | 30,022 | SH | | SOLE | | 27,042 | 0 | 2,980 |
| Schneider Electric SA | COM | 483410007 | 1,542 | 26,154 | SH | | SOLE | | 23,314 | 0 | 2,840 |
| Sherwin-Williams Co. | COM | 824348106 | 2,440 | 8,308 | SH | | SOLE | | 7,240 | 0 | 1,068 |
| Smith & Nephew PLC | COM | 83175M205 | 1,185 | 34,514 | SH | | SOLE | | 33,979 | 0 | 535 |
| Spectral Medical Inc. | COM | 847574100 | 15 | 20,000 | SH | | SOLE | | 20,000 | 0 | 0 |
| St. Gobain SA | COM | 738048909 | 1,156 | 30,287 | SH | | SOLE | | 30,177 | 0 | 110 |
| Sunstone Hotel Investors Inc. | COM | 867892101 | 354 | 29,292 | SH | | SOLE | | 29,292 | 0 | 0 |
| Synchrony Financial | COM | 87165B103 | 975 | 38,564 | SH | | SOLE | | 26,860 | 0 | 11,704 |
| Tennant Co. | COM | 880345103 | 984 | 18,260 | SH | | SOLE | | 15,860 | 0 | 2,400 |
| The Clorox Co. | COM | 189054109 | 940 | 6,792 | SH | | SOLE | | 6,737 | 0 | 55 |
| Thermon Group Holdings, Inc. | COM | 88362T103 | 576 | 29,973 | SH | | SOLE | | 29,973 | 0 | 0 |
| Toronto Dominion Bank | COM | 891160509 | 2,670 | 62,202 | SH | | SOLE | | 53,402 | 0 | 8,800 |
| US Physical Therapy Inc. | COM | 90337L108 | 1,839 | 30,544 | SH | | SOLE | | 27,437 | 0 | 3,107 |
| Xylem, Inc. | COM | 98419M100 | 1,845 | 41,312 | SH | | SOLE | | 37,717 | 0 | 3,595 |
| Yandex NV | COM | N97284108 | 562 | 25,713 | SH | | SOLE | | 25,713 | 0 | 0 |
