| 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 | 744 | 11,005 | SH | | SOLE | | 6,390 | 0 | 4,615 |
| Amerigas Partners LP | UNIT LTD PARTN | 030975106 | 2,088 | 43,581 | SH | | SOLE | | 37,321 | 0 | 6,260 |
| Armada Hoffler Properties, Inc | COM | 04208T108 | 525 | 36,040 | SH | | SOLE | | 29,115 | 0 | 6,925 |
| Buckeye Partners LP | UNIT LTD PARTN | 118230101 | 2,014 | 30,448 | SH | | SOLE | | 25,098 | 0 | 5,350 |
| Chesapeake Utilities Corp. | COM | 165303108 | 1,060 | 15,828 | SH | | SOLE | | 11,039 | 0 | 4,789 |
| Cominar REIT | COM | 199910951 | 265 | 24,135 | SH | | SOLE | | 23,615 | 0 | 520 |
| Commonwealth Bank of Australia | COM | 621503002 | 1,423 | 23,843 | SH | | SOLE | | 18,533 | 0 | 5,310 |
| Crombie REIT | COM | 227107976 | 159 | 15,710 | SH | | SOLE | | 15,450 | 0 | 260 |
| DCP Midstream Partners LP | UNIT LTD PARTN | 23311P100 | 845 | 22,026 | SH | | SOLE | | 15,691 | 0 | 6,335 |
| Energias de Portugal, SA ADR | ADR | 268353109 | 862 | 28,128 | SH | | SOLE | | 28,128 | 0 | 0 |
| Enerplus Resources Fund Trust | COM | 292766102 | 486 | 51,307 | SH | | SOLE | | 37,382 | 0 | 13,925 |
| Enterprise Products Partners L | UNIT LTD PARTN | 293792107 | 1,795 | 66,387 | SH | | SOLE | | 54,471 | 0 | 11,916 |
| Ferrellgas Partners LP | UNIT LTD PARTN | 315293100 | 189 | 27,955 | SH | | SOLE | | 26,255 | 0 | 1,700 |
| Gaztransport et Technigaz SAS | COM | ACI07W296 | 1,259 | 29,036 | SH | | SOLE | | 22,606 | 0 | 6,430 |
| Genworth MI Canada Inc. | COM | 37252B953 | 745 | 29,692 | SH | | SOLE | | 29,692 | 0 | 0 |
| Gladstone Commercial Corp. | COM | 376536108 | 1,365 | 67,908 | SH | | SOLE | | 60,253 | 0 | 7,655 |
| Global Partners LP | UNIT LTD PARTN | 37946R109 | 689 | 35,446 | SH | | SOLE | | 31,101 | 0 | 4,345 |
| H&R REIT | COM | 404428955 | 373 | 22,352 | SH | | SOLE | | 21,841 | 0 | 511 |
| Kinder Morgan, Inc. | COM | 49456B101 | 386 | 18,623 | SH | | SOLE | | 10,633 | 0 | 7,990 |
| Labrador Iron Ore Royalty Corp | COM | 505440966 | 841 | 60,550 | SH | | SOLE | | 38,930 | 0 | 21,620 |
| Martin Midstream Partners LP | UNIT LTD PARTN | 573331105 | 277 | 15,103 | SH | | SOLE | | 13,828 | 0 | 1,275 |
| Monmouth Real Estate Investmen | COM | 609720107 | 2,412 | 158,243 | SH | | SOLE | | 154,218 | 0 | 4,025 |
| National Grid PLC ADS | ADR | 636274300 | 1,076 | 18,447 | SH | | SOLE | | 13,387 | 0 | 5,060 |
| ONE Gas, Inc. | COM | 68235P108 | 717 | 11,212 | SH | | SOLE | | 6,077 | 0 | 5,135 |
| ONEOK Inc. | COM | 682680103 | 288 | 5,024 | SH | | SOLE | | 473 | 0 | 4,551 |
| ONEOK Partners LP | UNIT LTD PARTN | 68268N103 | 1,486 | 34,544 | SH | | SOLE | | 30,674 | 0 | 3,870 |
| Plains All American Pipeline L | UNIT LTD PARTN | 726503105 | 1,051 | 32,542 | SH | | SOLE | | 26,972 | 0 | 5,570 |
| Precinct Properties New Zealan | COM | 609327903 | 692 | 827,050 | SH | | SOLE | | 827,050 | 0 | 0 |
| Realty Income Corp. | COM | 756109104 | 1,145 | 19,919 | SH | | SOLE | | 14,242 | 0 | 5,677 |
| Sabra Health Care REIT | COM | 78573L106 | 715 | 29,280 | SH | | SOLE | | 18,805 | 0 | 10,475 |
| Ship Finance International Ltd | COM | G81075106 | 671 | 45,165 | SH | | SOLE | | 35,830 | 0 | 9,335 |
| Suburban Propane Partners LP | UNIT LTD PARTN | 864482104 | 444 | 14,765 | SH | | SOLE | | 13,355 | 0 | 1,410 |
| Sunoco Logistics Partners LP | UNIT LTD PARTN | 86764L108 | 1,338 | 55,685 | SH | | SOLE | | 45,350 | 0 | 10,335 |
| TC Pipelines LP | UNIT LTD PARTN | 87233Q108 | 2,188 | 37,182 | SH | | SOLE | | 31,826 | 0 | 5,356 |
| Teekay LNG Partners LP | UNIT LTD PARTN | Y8564M105 | 238 | 16,500 | SH | | SOLE | | 13,100 | 0 | 3,400 |
| Total SA ADR | ADR | 89151E109 | 720 | 14,119 | SH | | SOLE | | 12,559 | 0 | 1,560 |
| USA Compression Partners LP | UNIT LTD PARTN | 90290N109 | 481 | 27,826 | SH | | SOLE | | 23,261 | 0 | 4,565 |
| Urstadt Biddle Properties Inc. | COM | 917286205 | 1,313 | 54,468 | SH | | SOLE | | 44,308 | 0 | 10,160 |
| Verizon Communications Inc. | COM | 92343V104 | 847 | 15,869 | SH | | SOLE | | 10,958 | 0 | 4,911 |
| Vermilion Energy Trust | COM | 923725956 | 443 | 10,509 | SH | | SOLE | | 9,979 | 0 | 530 |
| Air Products & Chemicals Inc. | COM | 009158106 | 1,463 | 10,174 | SH | | SOLE | | 9,184 | 0 | 990 |
| Anadarko Petroleum Corp. | COM | 032511107 | 942 | 13,511 | SH | | SOLE | | 12,086 | 0 | 1,425 |
| Apache Corp. | COM | 037411105 | 551 | 8,680 | SH | | SOLE | | 7,100 | 0 | 1,580 |
| AptarGroup, Inc. | COM | 038336103 | 1,750 | 23,829 | SH | | SOLE | | 18,573 | 0 | 5,256 |
| AstroNova, Inc. | COM | 04638F108 | 205 | 14,372 | SH | | SOLE | | 9,422 | 0 | 4,950 |
| Automatic Data Processing Inc. | COM | 053015103 | 2,556 | 24,867 | SH | | SOLE | | 19,840 | 0 | 5,027 |
| Avery Dennison Corp. | COM | 053611109 | 1,366 | 19,452 | SH | | SOLE | | 15,665 | 0 | 3,787 |
| Bank of Ireland | COM | 306062902 | 263 | 1,061,540 | SH | | SOLE | | 1,061,540 | 0 | 0 |
| Bemis Co. Inc. | COM | 081437105 | 1,351 | 28,243 | SH | | SOLE | | 27,953 | 0 | 290 |
| Breitburn Energy Partners LP | UNIT LTD PARTN | 106776107 | 10 | 41,149 | SH | | SOLE | | 18,994 | 0 | 22,155 |
| C.R. Bard Inc. | COM | 067383109 | 1,386 | 6,170 | SH | | SOLE | | 4,139 | 0 | 2,031 |
| CDK Global Holdings LLC | COM | 12508E101 | 794 | 13,302 | SH | | SOLE | | 10,708 | 0 | 2,594 |
| Church & Dwight Company, Inc. | COM | 171340102 | 493 | 11,157 | SH | | SOLE | | 8,075 | 0 | 3,082 |
| Colgate-Palmolive Co. | COM | 194162103 | 2,180 | 33,310 | SH | | SOLE | | 27,217 | 0 | 6,093 |
| Comcast Corp. | COM | 20030N101 | 690 | 9,996 | SH | | SOLE | | 4,514 | 0 | 5,482 |
| Credito Real Sofom ENR | COM | B8DST5905 | 253 | 190,658 | SH | | SOLE | | 190,658 | 0 | 0 |
| Cummins Inc. | COM | 231021106 | 471 | 3,447 | SH | | SOLE | | 2,897 | 0 | 550 |
| Dentsply Sirona Inc. | COM | 24906P109 | 562 | 9,736 | SH | | SOLE | | 7,717 | 0 | 2,019 |
| Ecolab, Inc. | COM | 278865100 | 400 | 3,415 | SH | | SOLE | | 2,255 | 0 | 1,160 |
| Emerson Electric Co. | COM | 291011104 | 1,510 | 27,085 | SH | | SOLE | | 21,510 | 0 | 5,575 |
| FB Financial Corp. | COM | 30257X104 | 643 | 24,760 | SH | | SOLE | | 16,510 | 0 | 8,250 |
| Fastenal Co. | COM | 311900104 | 384 | 8,170 | SH | | SOLE | | 6,350 | 0 | 1,820 |
| Ferroglobe PLC | COM | G33856108 | 115 | 10,610 | SH | | SOLE | | 10,610 | 0 | 0 |
| Fiserv Inc. | COM | 337738108 | 2,398 | 22,563 | SH | | SOLE | | 18,117 | 0 | 4,446 |
| General Mills Inc. | COM | 370334104 | 2,007 | 32,487 | SH | | SOLE | | 27,369 | 0 | 5,118 |
| Givaudan SA ADR | ADR | 37636P108 | 661 | 18,099 | SH | | SOLE | | 14,539 | 0 | 3,560 |
| Graco, Inc. | COM | 384109104 | 1,677 | 20,180 | SH | | SOLE | | 17,109 | 0 | 3,071 |
| Grainger, WW Inc. | COM | 384802104 | 1,265 | 5,446 | SH | | SOLE | | 4,404 | 0 | 1,042 |
| Grupo Aeroportuario Del Pacifi | COM | 400506101 | 1,535 | 18,602 | SH | | SOLE | | 18,442 | 0 | 160 |
| HFF Inc. | COM | 40418F108 | 213 | 7,050 | SH | | SOLE | | 7,050 | 0 | 0 |
| Hasbro Inc. | COM | 418056107 | 401 | 5,155 | SH | | SOLE | | 2,595 | 0 | 2,560 |
| Heineken NV ADR | ADR | 423012301 | 1,968 | 52,615 | SH | | SOLE | | 43,389 | 0 | 9,226 |
| Honeywell International Inc. | COM | 438516106 | 1,002 | 8,645 | SH | | SOLE | | 6,795 | 0 | 1,850 |
| Hormel Foods Corp. | COM | 440452100 | 2,360 | 67,807 | SH | | SOLE | | 54,899 | 0 | 12,908 |
| Hubbell Inc. | COM | 443510607 | 941 | 8,065 | SH | | SOLE | | 6,000 | 0 | 2,065 |
| IMI PLC | COM | BGLP8L902 | 262 | 20,425 | SH | | SOLE | | 20,425 | 0 | 0 |
| ITT Corp. | COM | 45073V108 | 1,162 | 30,129 | SH | | SOLE | | 27,429 | 0 | 2,700 |
| Illinois Tool Works Inc. | COM | 452308109 | 551 | 4,500 | SH | | SOLE | | 2,980 | 0 | 1,520 |
| Imperial Oil Ltd. | COM | 453038408 | 249 | 7,153 | SH | | SOLE | | 7,093 | 0 | 60 |
| Infraestructura | COM | B84XBP909 | 206 | 47,000 | SH | | SOLE | | 47,000 | 0 | 0 |
| Ingredion Inc. | COM | 457187102 | 2,625 | 21,006 | SH | | SOLE | | 17,736 | 0 | 3,270 |
| International Flavors & Fragra | COM | 459506101 | 955 | 8,105 | SH | | SOLE | | 6,035 | 0 | 2,070 |
| Johnson Controls International | COM | G51502105 | 852 | 20,682 | SH | | SOLE | | 19,747 | 0 | 935 |
| Kimberly-Clark Corp. | COM | 494368103 | 1,228 | 10,758 | SH | | SOLE | | 8,352 | 0 | 2,406 |
| LKQ Corp. | COM | 501889208 | 407 | 13,263 | SH | | SOLE | | 11,113 | 0 | 2,150 |
| Leggett & Platt Inc. | COM | 524660107 | 1,060 | 21,689 | SH | | SOLE | | 16,920 | 0 | 4,769 |
| Lincoln Electric Holdings Inc. | COM | 533900106 | 773 | 10,085 | SH | | SOLE | | 5,515 | 0 | 4,570 |
| McCormick & Company, Inc. | COM | 579780206 | 1,601 | 17,150 | SH | | SOLE | | 15,099 | 0 | 2,051 |
| McDonald's Corp. | COM | 580135101 | 1,606 | 13,194 | SH | | SOLE | | 11,114 | 0 | 2,080 |
| Mechel Open Joint Stock Co. AD | ADR | 583840608 | 92 | 16,051 | SH | | SOLE | | 16,051 | 0 | 0 |
| Mettler-Toledo International, | COM | 592688105 | 1,368 | 3,268 | SH | | SOLE | | 2,915 | 0 | 353 |
| Myriad Genetics Inc. | COM | 62855J104 | 269 | 16,132 | SH | | SOLE | | 7,664 | 0 | 8,468 |
| Nordson Corp. | COM | 655663102 | 721 | 6,438 | SH | | SOLE | | 3,928 | 0 | 2,510 |
| Norfolk & Southern Corp. | COM | 655844108 | 1,709 | 15,812 | SH | | SOLE | | 14,682 | 0 | 1,130 |
| Novartis AG ADR | ADR | 66987V109 | 1,072 | 14,719 | SH | | SOLE | | 10,885 | 0 | 3,834 |
| Novolipetsk GDR | ADR | B0RTNX900 | 292 | 15,715 | SH | | SOLE | | 15,715 | 0 | 0 |
| Occidental Petroleum Corp. | COM | 674599105 | 546 | 7,663 | SH | | SOLE | | 7,623 | 0 | 40 |
| Omnicom Group | COM | 681919106 | 2,280 | 26,786 | SH | | SOLE | | 20,754 | 0 | 6,032 |
| Parker Hannifin Corp. | COM | 701094104 | 1,340 | 9,568 | SH | | SOLE | | 6,318 | 0 | 3,250 |
| Paychex, Inc. | COM | 704326107 | 1,729 | 28,392 | SH | | SOLE | | 21,611 | 0 | 6,781 |
| Pengrowth Energy Trust | COM | 70706P104 | 95 | 66,959 | SH | | SOLE | | 64,959 | 0 | 2,000 |
| Praxair, Inc. | COM | 74005P104 | 1,482 | 12,647 | SH | | SOLE | | 11,227 | 0 | 1,420 |
| Prosperity Bancshares Inc. | COM | 743606105 | 2,342 | 32,631 | SH | | SOLE | | 25,206 | 0 | 7,425 |
| Qiwi PLC | COM | 74735M108 | 140 | 10,945 | SH | | SOLE | | 10,525 | 0 | 420 |
| Reckitt Benckiser PLC | COM | B24CGK904 | 453 | 5,325 | SH | | SOLE | | 5,325 | 0 | 0 |
| Reliq Health Technologies Inc. | COM | 75955T103 | 2 | 20,000 | SH | | SOLE | | 20,000 | 0 | 0 |
| Schneider Electric SA | COM | 483410007 | 1,034 | 14,829 | SH | | SOLE | | 12,519 | 0 | 2,310 |
| Sherwin-Williams Co. | COM | 824348106 | 1,451 | 5,398 | SH | | SOLE | | 4,540 | 0 | 858 |
| Smith & Nephew PLC | COM | 83175M205 | 773 | 25,714 | SH | | SOLE | | 25,004 | 0 | 710 |
| St. Gobain SA | COM | 738048909 | 791 | 16,952 | SH | | SOLE | | 16,842 | 0 | 110 |
| Straumann Holdings AG | COM | 715683900 | 495 | 1,265 | SH | | SOLE | | 740 | 0 | 525 |
| Sunstone Hotel Investors Inc. | COM | 867892101 | 205 | 13,417 | SH | | SOLE | | 13,417 | 0 | 0 |
| Synchrony Financial | COM | 87165B103 | 1,003 | 27,664 | SH | | SOLE | | 16,085 | 0 | 11,579 |
| Tennant Co. | COM | 880345103 | 803 | 11,275 | SH | | SOLE | | 8,935 | 0 | 2,340 |
| The Clorox Co. | COM | 189054109 | 681 | 5,677 | SH | | SOLE | | 5,622 | 0 | 55 |
| Toronto Dominion Bank | COM | 891160509 | 1,881 | 38,133 | SH | | SOLE | | 29,628 | 0 | 8,505 |
| US Physical Therapy Inc. | COM | 90337L108 | 1,427 | 20,334 | SH | | SOLE | | 17,307 | 0 | 3,027 |
| Xylem, Inc. | COM | 98419M100 | 904 | 18,247 | SH | | SOLE | | 14,682 | 0 | 3,565 |
| Yandex NV | COM | N97284108 | 280 | 13,900 | SH | | SOLE | | 13,900 | 0 | 0 |
