| 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 | 1,660 | 26,250 | SH | | SOLE | | 13,125 | 0 | 13,125 |
| Amerigas Partners LP | UNIT LTD PARTN | 030975106 | 4,921 | 107,772 | SH | | SOLE | | 53,886 | 0 | 53,886 |
| Armada Hoffler Properties, Inc | COM | 04208T108 | 1,248 | 93,100 | SH | | SOLE | | 46,550 | 0 | 46,550 |
| Buckeye Partners LP | UNIT LTD PARTN | 118230101 | 5,416 | 75,646 | SH | | SOLE | | 37,823 | 0 | 37,823 |
| Chesapeake Utilities Corp. | COM | 165303108 | 2,455 | 40,206 | SH | | SOLE | | 20,103 | 0 | 20,103 |
| Cominar REIT | COM | 199910951 | 1,210 | 104,220 | SH | | SOLE | | 52,110 | 0 | 52,110 |
| Commonwealth Bank of Australia | COM | 621503002 | 3,341 | 60,306 | SH | | SOLE | | 30,153 | 0 | 30,153 |
| Crombie REIT | COM | 227107109 | 908 | 83,420 | SH | | SOLE | | 41,710 | 0 | 41,710 |
| DCP Midstream Partners LP | UNIT LTD PARTN | 23311P100 | 2,514 | 71,152 | SH | | SOLE | | 35,576 | 0 | 35,576 |
| Energias de Portugal, SA ADR | ADR | 268353109 | 2,252 | 66,996 | SH | | SOLE | | 33,498 | 0 | 33,498 |
| Enerplus Resources Fund Trust | COM | 292766102 | 1,217 | 189,854 | SH | | SOLE | | 94,927 | 0 | 94,927 |
| Enterprise Products Partners L | UNIT LTD PARTN | 293792107 | 4,536 | 164,174 | SH | | SOLE | | 82,087 | 0 | 82,087 |
| Ferrellgas Partners LP | UNIT LTD PARTN | 315293100 | 1,108 | 95,180 | SH | | SOLE | | 47,590 | 0 | 47,590 |
| Gaztransport et Technigaz SAS | COM | BJYRDP5 | 2,395 | 82,862 | SH | | SOLE | | 41,431 | 0 | 41,431 |
| Genworth MI Canada Inc. | COM | 37252B953 | 2,373 | 92,374 | SH | | SOLE | | 46,187 | 0 | 46,187 |
| Gladstone Commercial Corp. | COM | 376536108 | 2,953 | 158,516 | SH | | SOLE | | 79,258 | 0 | 79,258 |
| Global Partners LP | UNIT LTD PARTN | 37946R109 | 1,661 | 102,942 | SH | | SOLE | | 51,471 | 0 | 51,471 |
| H&R REIT | COM | 404428203 | 1,269 | 74,352 | SH | | SOLE | | 37,176 | 0 | 37,176 |
| Kinder Morgan, Inc. | COM | 49456B101 | 1,526 | 65,976 | SH | | SOLE | | 32,988 | 0 | 32,988 |
| Labrador Iron Ore Royalty Corp | COM | 505440107 | 2,050 | 193,800 | SH | | SOLE | | 96,900 | 0 | 96,900 |
| Martin Midstream Partners LP | UNIT LTD PARTN | 573331105 | 1,152 | 57,506 | SH | | SOLE | | 28,753 | 0 | 28,753 |
| Monmouth Real Estate Investmen | COM | 609720107 | 6,114 | 428,434 | SH | | SOLE | | 214,217 | 0 | 214,217 |
| National Grid PLC ADS | ADR | 636274300 | 3,072 | 43,194 | SH | | SOLE | | 21,597 | 0 | 21,597 |
| ONE Gas, Inc. | COM | 68235P108 | 1,403 | 22,694 | SH | | SOLE | | 11,347 | 0 | 11,347 |
| ONEOK Inc. | COM | 682680103 | 536 | 10,438 | SH | | SOLE | | 5,219 | 0 | 5,219 |
| ONEOK Partners LP | UNIT LTD PARTN | 68268N103 | 3,549 | 88,838 | SH | | SOLE | | 44,419 | 0 | 44,419 |
| Plains All American Pipeline L | UNIT LTD PARTN | 726503105 | 2,748 | 87,482 | SH | | SOLE | | 43,741 | 0 | 43,741 |
| Precinct Properties New Zealan | COM | 609327903 | 1,976 | 2,090,200 | SH | | SOLE | | 1,045,100 | 0 | 1,045,100 |
| Realty Income Corp. | COM | 756109104 | 2,693 | 40,238 | SH | | SOLE | | 20,119 | 0 | 20,119 |
| Ship Finance International Ltd | COM | G81075106 | 1,823 | 123,760 | SH | | SOLE | | 61,880 | 0 | 61,880 |
| Suburban Propane Partners LP | UNIT LTD PARTN | 864482104 | 1,358 | 40,770 | SH | | SOLE | | 20,385 | 0 | 20,385 |
| Sunoco Logistic Partners LP | UNIT LTD PARTN | 86764L108 | 4,069 | 143,220 | SH | | SOLE | | 71,610 | 0 | 71,610 |
| TC Pipelines LP | UNIT LTD PARTN | 87233Q108 | 5,322 | 93,324 | SH | | SOLE | | 46,662 | 0 | 46,662 |
| Teekay LNG Partners LP | UNIT LTD PARTN | Y8564M105 | 715 | 47,240 | SH | | SOLE | | 23,620 | 0 | 23,620 |
| Total SA ADR | ADR | 89151E109 | 1,927 | 40,398 | SH | | SOLE | | 20,199 | 0 | 20,199 |
| USA Compression Partners LP | UNIT LTD PARTN | 90290N109 | 1,543 | 82,152 | SH | | SOLE | | 41,076 | 0 | 41,076 |
| Urstadt Biddle Properties Inc. | COM | 917286205 | 2,461 | 110,736 | SH | | SOLE | | 55,368 | 0 | 55,368 |
| Verizon Communications Inc. | COM | 92343V104 | 2,241 | 43,108 | SH | | SOLE | | 21,554 | 0 | 21,554 |
| Vermilion Energy Trust | COM | 923725956 | 1,412 | 36,528 | SH | | SOLE | | 18,264 | 0 | 18,264 |
| WPT Industrial REIT | COM | 92937G109 | 257 | 22,830 | SH | | SOLE | | 11,415 | 0 | 11,415 |
| Air Products & Chemicals Inc. | COM | 009158106 | 4,105 | 27,308 | SH | | SOLE | | 13,654 | 0 | 13,654 |
| Anadarko Petroleum Corp. | COM | 032511107 | 2,660 | 41,982 | SH | | SOLE | | 20,991 | 0 | 20,991 |
| Apache Corp. | COM | 037411105 | 1,431 | 22,410 | SH | | SOLE | | 11,205 | 0 | 11,205 |
| Aptargroup, Inc. | COM | 038336103 | 4,920 | 63,558 | SH | | SOLE | | 31,779 | 0 | 31,779 |
| AstroNova, Inc. | COM | 04638F108 | 543 | 36,694 | SH | | SOLE | | 18,347 | 0 | 18,347 |
| Automatic Data Processing Inc. | COM | 053015103 | 6,414 | 72,724 | SH | | SOLE | | 36,362 | 0 | 36,362 |
| Avery Dennison Corp. | COM | 053611109 | 3,047 | 39,166 | SH | | SOLE | | 19,583 | 0 | 19,583 |
| Bank of Ireland | COM | 3060625 | 944 | 4,541,640 | SH | | SOLE | | 2,270,820 | 0 | 2,270,820 |
| Bats Global Market Inc. | COM | 05491G109 | 1,877 | 62,310 | SH | | SOLE | | 31,155 | 0 | 31,155 |
| Bemis Co. Inc. | COM | 081437105 | 4,913 | 96,306 | SH | | SOLE | | 48,153 | 0 | 48,153 |
| Breitburn Energy Partners LP | UNIT LTD PARTN | 106776107 | 8 | 122,778 | SH | | SOLE | | 61,389 | 0 | 61,389 |
| C.R. Bard Inc. | COM | 067383109 | 3,304 | 14,730 | SH | | SOLE | | 7,365 | 0 | 7,365 |
| CDK Global Holdings LLC | COM | 12508E101 | 2,292 | 39,964 | SH | | SOLE | | 19,982 | 0 | 19,982 |
| Calumet Specialty Products Par | UNIT LTD PARTN | 131476103 | 99 | 21,844 | SH | | SOLE | | 10,922 | 0 | 10,922 |
| Church & Dwight Company, Inc. | COM | 171340102 | 1,063 | 22,184 | SH | | SOLE | | 11,092 | 0 | 11,092 |
| Colgate-Palmolive Co. | COM | 194162103 | 7,136 | 96,250 | SH | | SOLE | | 48,125 | 0 | 48,125 |
| Comcast Corp. | COM | 20030N101 | 1,342 | 20,222 | SH | | SOLE | | 10,111 | 0 | 10,111 |
| Credito Real Sofom ENR | COM | B8DST5905 | 926 | 537,456 | SH | | SOLE | | 268,728 | 0 | 268,728 |
| Cummins Inc. | COM | 231021106 | 1,525 | 11,904 | SH | | SOLE | | 5,952 | 0 | 5,952 |
| Dentsply Sirona Inc. | COM | 24906P109 | 1,555 | 26,164 | SH | | SOLE | | 13,082 | 0 | 13,082 |
| Ecolab, Inc. | COM | 278865100 | 835 | 6,860 | SH | | SOLE | | 3,430 | 0 | 3,430 |
| Emerson Electric Co. | COM | 291011104 | 4,289 | 78,690 | SH | | SOLE | | 39,345 | 0 | 39,345 |
| FB Financial Corp. | COM | 30257X104 | 1,337 | 66,270 | SH | | SOLE | | 33,135 | 0 | 33,135 |
| Fastenal Co. | COM | 311900104 | 961 | 23,010 | SH | | SOLE | | 11,505 | 0 | 11,505 |
| Ferroglobe PLC | COM | G33856108 | 378 | 41,880 | SH | | SOLE | | 20,940 | 0 | 20,940 |
| Fiserv Inc. | COM | 337738108 | 6,317 | 63,506 | SH | | SOLE | | 31,753 | 0 | 31,753 |
| General Mills Inc. | COM | 370334104 | 6,251 | 97,854 | SH | | SOLE | | 48,927 | 0 | 48,927 |
| Givaudan SA ADR | ADR | 37636P108 | 2,052 | 50,518 | SH | | SOLE | | 25,259 | 0 | 25,259 |
| Graco, Inc. | COM | 384109104 | 4,226 | 57,110 | SH | | SOLE | | 28,555 | 0 | 28,555 |
| Grainger, WW Inc. | COM | 384802104 | 4,088 | 18,182 | SH | | SOLE | | 9,091 | 0 | 9,091 |
| Grupo Aeroportuario Del Pacifi | ADR | 400506101 | 5,020 | 52,864 | SH | | SOLE | | 26,432 | 0 | 26,432 |
| HFF Inc. | COM | 40418F108 | 663 | 23,960 | SH | | SOLE | | 11,980 | 0 | 11,980 |
| Hasbro Inc. | COM | 418056107 | 830 | 10,460 | SH | | SOLE | | 5,230 | 0 | 5,230 |
| Heineken NV ADR | ADR | 423012301 | 5,773 | 131,620 | SH | | SOLE | | 65,810 | 0 | 65,810 |
| Honeywell International Inc. | COM | 438516106 | 2,570 | 22,040 | SH | | SOLE | | 11,020 | 0 | 11,020 |
| Hormel Foods Corp. | COM | 440452100 | 6,996 | 184,454 | SH | | SOLE | | 92,227 | 0 | 92,227 |
| Hubbell Inc. | COM | 443510607 | 2,300 | 21,350 | SH | | SOLE | | 10,675 | 0 | 10,675 |
| IMI PLC | COM | BGLP8L902 | 565 | 40,480 | SH | | SOLE | | 20,240 | 0 | 20,240 |
| ITT Corp. | COM | 45073V108 | 3,067 | 85,572 | SH | | SOLE | | 42,786 | 0 | 42,786 |
| Illinois Tool Works Inc. | COM | 452308109 | 1,427 | 11,910 | SH | | SOLE | | 5,955 | 0 | 5,955 |
| Imperial Oil Ltd. | COM | 453038408 | 764 | 24,396 | SH | | SOLE | | 12,198 | 0 | 12,198 |
| Ingredion Inc. | COM | 457187102 | 7,223 | 54,282 | SH | | SOLE | | 27,141 | 0 | 27,141 |
| International Flavors & Fragra | COM | 459506101 | 3,177 | 22,220 | SH | | SOLE | | 11,110 | 0 | 11,110 |
| Johnson Controls International | COM | G51502105 | 2,698 | 57,984 | SH | | SOLE | | 28,992 | 0 | 28,992 |
| Kimberly-Clark Corp. | COM | 494368103 | 3,757 | 29,786 | SH | | SOLE | | 14,893 | 0 | 14,893 |
| LKQ Corp. | COM | 501889208 | 1,299 | 36,626 | SH | | SOLE | | 18,313 | 0 | 18,313 |
| Leggett & Platt Inc. | COM | 524660107 | 2,548 | 55,898 | SH | | SOLE | | 27,949 | 0 | 27,949 |
| Lincoln Electric Holdings Inc. | COM | 533900106 | 2,241 | 35,790 | SH | | SOLE | | 17,895 | 0 | 17,895 |
| McCormick & Company, Inc. | COM | 579780206 | 4,989 | 49,930 | SH | | SOLE | | 24,965 | 0 | 24,965 |
| McDonald's Corp. | COM | 580135101 | 3,957 | 34,298 | SH | | SOLE | | 17,149 | 0 | 17,149 |
| Mechel Open Joint Stock Co. AD | ADR | 583840608 | 170 | 59,272 | SH | | SOLE | | 29,636 | 0 | 29,636 |
| Metaldyne Performance Group, I | COM | 59116R107 | 722 | 45,560 | SH | | SOLE | | 22,780 | 0 | 22,780 |
| Mettler-Toledo International, | COM | 592688105 | 3,865 | 9,206 | SH | | SOLE | | 4,603 | 0 | 4,603 |
| Myriad Genetics Inc. | COM | 62855J104 | 904 | 43,924 | SH | | SOLE | | 21,962 | 0 | 21,962 |
| Nordson Corp. | COM | 655663102 | 2,256 | 22,646 | SH | | SOLE | | 11,323 | 0 | 11,323 |
| Norfolk & Southern Corp. | COM | 655844108 | 4,344 | 44,754 | SH | | SOLE | | 22,377 | 0 | 22,377 |
| Novartis AG ADR | ADR | 66987V109 | 2,846 | 36,038 | SH | | SOLE | | 18,019 | 0 | 18,019 |
| Novolipetsk GDR | COM | 67011E204 | 802 | 61,730 | SH | | SOLE | | 30,865 | 0 | 30,865 |
| Occidental Petroleum Corp. | COM | 674599105 | 1,871 | 25,656 | SH | | SOLE | | 12,828 | 0 | 12,828 |
| Omnicom Group | COM | 681919106 | 6,305 | 74,182 | SH | | SOLE | | 37,091 | 0 | 37,091 |
| Parker Hannifin Corp. | COM | 701094104 | 3,801 | 30,276 | SH | | SOLE | | 15,138 | 0 | 15,138 |
| Paychex, Inc. | COM | 704326107 | 4,494 | 77,654 | SH | | SOLE | | 38,827 | 0 | 38,827 |
| Pengrowth Energy Trust | COM | 70706P104 | 361 | 227,038 | SH | | SOLE | | 113,519 | 0 | 113,519 |
| Praxair, Inc. | COM | 74005P104 | 4,472 | 37,014 | SH | | SOLE | | 18,507 | 0 | 18,507 |
| Prosperity Bancshares Inc. | COM | 743606105 | 4,823 | 87,862 | SH | | SOLE | | 43,931 | 0 | 43,931 |
| Reckitt Benckiser PLC | COM | B24CGK904 | 1,220 | 12,930 | SH | | SOLE | | 6,465 | 0 | 6,465 |
| Rostelecom Long Distance ADR | ADR | 778529107 | 226 | 30,200 | SH | | SOLE | | 15,100 | 0 | 15,100 |
| Sally Beauty Holdings Inc. | COM | 79546E104 | 921 | 35,864 | SH | | SOLE | | 17,932 | 0 | 17,932 |
| Schneider Electric SA | COM | 483410007 | 2,887 | 41,398 | SH | | SOLE | | 20,699 | 0 | 20,699 |
| Sherwin-Williams Co. | COM | 824348106 | 3,053 | 11,036 | SH | | SOLE | | 5,518 | 0 | 5,518 |
| Smith & Nephew PLC | COM | 83175M205 | 2,110 | 64,358 | SH | | SOLE | | 32,179 | 0 | 32,179 |
| Spectral Medical Inc. | COM | 847574100 | 49 | 40,000 | SH | | SOLE | | 20,000 | 0 | 20,000 |
| St. Gobain SA | COM | 738048909 | 2,236 | 51,724 | SH | | SOLE | | 25,862 | 0 | 25,862 |
| Sunstone Hotel Investors Inc. | COM | 867892101 | 622 | 48,636 | SH | | SOLE | | 24,318 | 0 | 24,318 |
| Synchrony Financial | COM | 87165B103 | 2,003 | 71,538 | SH | | SOLE | | 35,769 | 0 | 35,769 |
| Tennant Co. | COM | 880345103 | 2,031 | 31,350 | SH | | SOLE | | 15,675 | 0 | 15,675 |
| The Clorox Co. | COM | 189054109 | 1,314 | 10,494 | SH | | SOLE | | 5,247 | 0 | 5,247 |
| Thermon Group Holdings, Inc. | COM | 88362T103 | 825 | 41,776 | SH | | SOLE | | 20,888 | 0 | 20,888 |
| Toronto Dominion Bank | COM | 891160509 | 4,806 | 108,240 | SH | | SOLE | | 54,120 | 0 | 54,120 |
| US Physical Therapy Inc. | COM | 90337L108 | 3,423 | 54,588 | SH | | SOLE | | 27,294 | 0 | 27,294 |
| Xylem, Inc. | COM | 98419M100 | 3,430 | 65,394 | SH | | SOLE | | 32,697 | 0 | 32,697 |
| Yandex NV | COM | N97284108 | 1,011 | 48,020 | SH | | SOLE | | 24,010 | 0 | 24,010 |
