| 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 | 802 | 11,230 | SH | | SOLE | | 6,500 | 0 | 4,730 |
| Amerigas Partners LP | UNIT LTD PARTN | 030975106 | 2,108 | 45,606 | SH | | SOLE | | 37,806 | 0 | 7,800 |
| Armada Hoffler Properties, Inc | COM | 04208T108 | 1,002 | 64,510 | SH | | SOLE | | 51,255 | 0 | 13,255 |
| Bonterra Energy Corp. | COM | 098546104 | 252 | 20,656 | SH | | SOLE | | 14,271 | 0 | 6,385 |
| Buckeye Partners LP | UNIT LTD PARTN | 118230101 | 1,582 | 31,933 | SH | | SOLE | | 24,833 | 0 | 7,100 |
| Chesapeake Utilities Corp. | COM | 165303108 | 1,314 | 16,731 | SH | | SOLE | | 11,839 | 0 | 4,892 |
| Cominar REIT | COM | 199910951 | 795 | 69,215 | SH | | SOLE | | 52,705 | 0 | 16,510 |
| Commonwealth Bank of Australia | COM | 621503002 | 1,508 | 24,003 | SH | | SOLE | | 18,533 | 0 | 5,470 |
| Crombie REIT | COM | 227107976 | 409 | 37,131 | SH | | SOLE | | 22,896 | 0 | 14,235 |
| DCP Midstream Partners LP | UNIT LTD PARTN | 23311P100 | 1,657 | 45,604 | SH | | SOLE | | 35,234 | 0 | 10,370 |
| Energias de Portugal, SA ADR | ADR | 268353109 | 980 | 28,278 | SH | | SOLE | | 28,203 | 0 | 75 |
| Energy Transfer Partners LP | UNIT LTD PARTN | 29278N103 | 1,107 | 61,785 | SH | | SOLE | | 51,360 | 0 | 10,425 |
| Enterprise Products Partners L | UNIT LTD PARTN | 293792107 | 1,788 | 67,461 | SH | | SOLE | | 54,901 | 0 | 12,560 |
| Ferrellgas Partners LP | UNIT LTD PARTN | 315293100 | 68 | 15,990 | SH | | SOLE | | 14,135 | 0 | 1,855 |
| Gaztransport et Technigaz SAS | COM | ACI07W296 | 1,768 | 29,386 | SH | | SOLE | | 22,606 | 0 | 6,780 |
| Genworth MI Canada Inc. | COM | 37252B953 | 1,031 | 29,692 | SH | | SOLE | | 29,692 | 0 | 0 |
| Gladstone Commercial Corp. | COM | 376536108 | 1,423 | 67,592 | SH | | SOLE | | 59,617 | 0 | 7,975 |
| Global Partners LP | UNIT LTD PARTN | 37946R109 | 306 | 18,345 | SH | | SOLE | | 13,320 | 0 | 5,025 |
| H&R REIT | COM | 404428955 | 371 | 21,756 | SH | | SOLE | | 19,161 | 0 | 2,595 |
| Kinder Morgan, Inc. | COM | 49456B101 | 895 | 49,549 | SH | | SOLE | | 37,237 | 0 | 12,312 |
| LTC Properties Inc. | COM | 502175102 | 743 | 17,055 | SH | | SOLE | | 13,550 | 0 | 3,505 |
| Labrador Iron Ore Royalty Corp | COM | 505440966 | 1,529 | 70,420 | SH | | SOLE | | 46,535 | 0 | 23,885 |
| Martin Midstream Partners LP | UNIT LTD PARTN | 573331105 | 413 | 29,501 | SH | | SOLE | | 19,521 | 0 | 9,980 |
| Monmouth Real Estate Investmen | COM | 609720107 | 1,003 | 56,355 | SH | | SOLE | | 51,835 | 0 | 4,520 |
| National Grid PLC ADS | ADR | 636274409 | 1,015 | 17,251 | SH | | SOLE | | 12,244 | 0 | 5,007 |
| ONE Gas, Inc. | COM | 68235P108 | 851 | 11,610 | SH | | SOLE | | 6,070 | 0 | 5,540 |
| ONEOK Inc. | COM | 682680103 | 2,165 | 40,500 | SH | | SOLE | | 30,251 | 0 | 10,249 |
| Oasis Midstream Partners LP | UNIT LTD PARTN | 67420T206 | 616 | 35,305 | SH | | SOLE | | 27,290 | 0 | 8,015 |
| Plains All American Pipeline L | UNIT LTD PARTN | 726503105 | 456 | 22,078 | SH | | SOLE | | 16,138 | 0 | 5,940 |
| Precinct Properties New Zealan | COM | 609327903 | 802 | 829,355 | SH | | SOLE | | 827,050 | 0 | 2,305 |
| Realty Income Corp. | COM | 756109104 | 1,152 | 20,209 | SH | | SOLE | | 14,262 | 0 | 5,947 |
| Rostelecom Long Distance ADR | ADR | 778529107 | 138 | 20,705 | SH | | SOLE | | 20,705 | 0 | 0 |
| Ship Finance International Ltd | COM | G81075106 | 970 | 62,570 | SH | | SOLE | | 52,130 | 0 | 10,440 |
| Spectra Energy Partners LP | UNIT LTD PARTN | 84756N109 | 757 | 19,140 | SH | | SOLE | | 15,545 | 0 | 3,595 |
| Suburban Propane Partners LP | UNIT LTD PARTN | 864482104 | 264 | 10,910 | SH | | SOLE | | 9,230 | 0 | 1,680 |
| TC Pipelines LP | UNIT LTD PARTN | 87233Q108 | 1,999 | 37,647 | SH | | SOLE | | 31,786 | 0 | 5,861 |
| Total SA ADR | ADR | 89151E109 | 786 | 14,224 | SH | | SOLE | | 12,599 | 0 | 1,625 |
| USA Compression Partners LP | UNIT LTD PARTN | 90290N109 | 475 | 28,701 | SH | | SOLE | | 23,876 | 0 | 4,825 |
| Urstadt Biddle Properties Inc. | COM | 917286205 | 1,036 | 47,654 | SH | | SOLE | | 37,239 | 0 | 10,415 |
| Verizon Communications Inc. | COM | 92343V104 | 851 | 16,078 | SH | | SOLE | | 11,063 | 0 | 5,015 |
| Vermilion Energy Trust | COM | 923725956 | 1,226 | 33,625 | SH | | SOLE | | 25,660 | 0 | 7,965 |
| Air Products & Chemicals Inc. | COM | 009158106 | 1,699 | 10,354 | SH | | SOLE | | 9,084 | 0 | 1,270 |
| Anadarko Petroleum Corp. | COM | 032511107 | 1,405 | 26,195 | SH | | SOLE | | 20,770 | 0 | 5,425 |
| Apache Corp. | COM | 037411105 | 371 | 8,794 | SH | | SOLE | | 7,005 | 0 | 1,789 |
| AptarGroup, Inc. | COM | 038336103 | 1,484 | 17,195 | SH | | SOLE | | 13,570 | 0 | 3,625 |
| AstroNova, Inc. | COM | 04638F108 | 202 | 14,567 | SH | | SOLE | | 9,422 | 0 | 5,145 |
| Automatic Data Processing Inc. | COM | 053015103 | 2,923 | 24,940 | SH | | SOLE | | 19,695 | 0 | 5,245 |
| Avery Dennison Corp. | COM | 053611109 | 1,586 | 13,807 | SH | | SOLE | | 11,125 | 0 | 2,682 |
| Banco del Bajio | COM | ACI0VM9Y9 | 1,074 | 583,550 | SH | | SOLE | | 500,000 | 0 | 83,550 |
| Bank of Ireland | COM | 306062902 | 314 | 36,552 | SH | | SOLE | | 36,552 | 0 | 0 |
| Bemis Co. Inc. | COM | 081437105 | 1,372 | 28,703 | SH | | SOLE | | 27,638 | 0 | 1,065 |
| Breitburn Energy Partners LP | UNIT LTD PARTN | 106776107 | 2 | 128,919 | SH | | SOLE | | 128,909 | 0 | 10 |
| C.R. Bard Inc. | COM | 067383109 | 1,386 | 4,184 | SH | | SOLE | | 2,779 | 0 | 1,405 |
| CDK Global Holdings LLC | COM | 12508E101 | 911 | 12,787 | SH | | SOLE | | 10,573 | 0 | 2,214 |
| Church & Dwight Company, Inc. | COM | 171340102 | 565 | 11,257 | SH | | SOLE | | 8,075 | 0 | 3,182 |
| Colgate-Palmolive Co. | COM | 194162103 | 2,498 | 33,110 | SH | | SOLE | | 26,665 | 0 | 6,445 |
| Comcast Corp. | COM | 20030N101 | 782 | 19,517 | SH | | SOLE | | 8,938 | 0 | 10,579 |
| Cracker Barrel Old Country Sto | COM | 22410J106 | 736 | 4,635 | SH | | SOLE | | 4,100 | 0 | 535 |
| Credito Real Sofom ENR | COM | B8DST5905 | 207 | 165,244 | SH | | SOLE | | 164,944 | 0 | 300 |
| Cummins Inc. | COM | 231021106 | 1,010 | 5,717 | SH | | SOLE | | 4,737 | 0 | 980 |
| Dentsply Sirona Inc. | COM | 24906P109 | 725 | 11,014 | SH | | SOLE | | 8,239 | 0 | 2,775 |
| Despegar.com Corp | COM | G27358103 | 523 | 19,050 | SH | | SOLE | | 15,005 | 0 | 4,045 |
| Ecolab, Inc. | COM | 278865100 | 465 | 3,465 | SH | | SOLE | | 2,235 | 0 | 1,230 |
| Emerson Electric Co. | COM | 291011104 | 833 | 11,960 | SH | | SOLE | | 9,430 | 0 | 2,530 |
| Enerplus Resources Fund Trust | COM | 292766102 | 917 | 93,708 | SH | | SOLE | | 73,658 | 0 | 20,050 |
| FB Financial Corp. | COM | 30257X104 | 1,050 | 25,015 | SH | | SOLE | | 16,335 | 0 | 8,680 |
| Fastenal Co. | COM | 311900104 | 454 | 8,305 | SH | | SOLE | | 6,305 | 0 | 2,000 |
| Fiserv Inc. | COM | 337738108 | 2,974 | 22,683 | SH | | SOLE | | 17,972 | 0 | 4,711 |
| ForeScout Technologies Inc. | COM | 34553D101 | 596 | 18,700 | SH | | SOLE | | 14,975 | 0 | 3,725 |
| General Mills Inc. | COM | 370334104 | 1,259 | 21,240 | SH | | SOLE | | 15,670 | 0 | 5,570 |
| Givaudan SA ADR | ADR | 37636P108 | 845 | 18,284 | SH | | SOLE | | 14,449 | 0 | 3,835 |
| Graco, Inc. | COM | 384109104 | 2,664 | 58,905 | SH | | SOLE | | 49,527 | 0 | 9,378 |
| Grainger, WW Inc. | COM | 384802104 | 1,820 | 7,704 | SH | | SOLE | | 5,789 | 0 | 1,915 |
| Grupo Aeroportuario Del Pacifi | ADR | 400506101 | 1,838 | 17,887 | SH | | SOLE | | 15,967 | 0 | 1,920 |
| HFF Inc. | COM | 40418F108 | 343 | 7,050 | SH | | SOLE | | 7,010 | 0 | 40 |
| Hasbro Inc. | COM | 418056107 | 460 | 5,060 | SH | | SOLE | | 2,385 | 0 | 2,675 |
| Heineken NV ADR | ADR | 423012301 | 1,470 | 28,211 | SH | | SOLE | | 22,665 | 0 | 5,546 |
| Honeywell International Inc. | COM | 438516106 | 1,330 | 8,675 | SH | | SOLE | | 6,760 | 0 | 1,915 |
| Hormel Foods Corp. | COM | 440452100 | 2,400 | 65,947 | SH | | SOLE | | 51,429 | 0 | 14,518 |
| Hubbell Inc. | COM | 443510607 | 1,089 | 8,050 | SH | | SOLE | | 5,980 | 0 | 2,070 |
| IMI PLC | COM | BGLP8L902 | 822 | 45,580 | SH | | SOLE | | 35,065 | 0 | 10,515 |
| ITT Corp. | COM | 45073V108 | 2,340 | 43,839 | SH | | SOLE | | 35,984 | 0 | 7,855 |
| Illinois Tool Works Inc. | COM | 452308109 | 762 | 4,565 | SH | | SOLE | | 2,955 | 0 | 1,610 |
| Imperial Oil Ltd. | COM | 453038408 | 244 | 7,833 | SH | | SOLE | | 7,643 | 0 | 190 |
| Infraestructura Energ | COM | B84XBP909 | 234 | 47,410 | SH | | SOLE | | 47,150 | 0 | 260 |
| Ingredion Inc. | COM | 457187102 | 2,601 | 18,606 | SH | | SOLE | | 15,296 | 0 | 3,310 |
| International Flavors & Fragra | COM | 459506101 | 1,242 | 8,140 | SH | | SOLE | | 6,005 | 0 | 2,135 |
| Johnson Controls International | COM | G51502105 | 737 | 19,328 | SH | | SOLE | | 13,663 | 0 | 5,665 |
| Kimberly-Clark Corp. | COM | 494368103 | 1,296 | 10,743 | SH | | SOLE | | 8,282 | 0 | 2,461 |
| LKQ Corp. | COM | 501889208 | 1,000 | 24,590 | SH | | SOLE | | 19,605 | 0 | 4,985 |
| Leggett & Platt Inc. | COM | 524660107 | 1,051 | 22,024 | SH | | SOLE | | 17,120 | 0 | 4,904 |
| Lincoln Electric Holdings Inc. | COM | 533900106 | 809 | 8,835 | SH | | SOLE | | 7,055 | 0 | 1,780 |
| McCormick & Company, Inc. | COM | 579780206 | 1,323 | 12,986 | SH | | SOLE | | 10,990 | 0 | 1,996 |
| McDonald's Corp. | COM | 580135101 | 1,989 | 11,554 | SH | | SOLE | | 9,979 | 0 | 1,575 |
| Mechel Open Joint Stock Co. AD | ADR | 583840608 | 84 | 16,051 | SH | | SOLE | | 16,051 | 0 | 0 |
| Mettler-Toledo International, | COM | 592688105 | 1,504 | 2,428 | SH | | SOLE | | 2,050 | 0 | 378 |
| Myriad Genetics Inc. | COM | 62855J104 | 564 | 16,432 | SH | | SOLE | | 7,594 | 0 | 8,838 |
| Nordson Corp. | COM | 655663102 | 1,299 | 8,873 | SH | | SOLE | | 6,203 | 0 | 2,670 |
| Norfolk & Southern Corp. | COM | 655844108 | 1,921 | 13,258 | SH | | SOLE | | 12,133 | 0 | 1,125 |
| Novartis AG ADR | ADR | 66987V109 | 691 | 8,234 | SH | | SOLE | | 6,334 | 0 | 1,900 |
| Novolipetsk GDR | ADR | B0RTNX900 | 401 | 15,715 | SH | | SOLE | | 15,715 | 0 | 0 |
| Occidental Petroleum Corp. | COM | 674599105 | 567 | 7,698 | SH | | SOLE | | 7,648 | 0 | 50 |
| Omnicom Group | COM | 681919106 | 2,591 | 35,572 | SH | | SOLE | | 28,315 | 0 | 7,257 |
| Parker Hannifin Corp. | COM | 701094104 | 1,609 | 8,063 | SH | | SOLE | | 6,008 | 0 | 2,055 |
| Paychex, Inc. | COM | 704326107 | 1,910 | 28,057 | SH | | SOLE | | 21,446 | 0 | 6,611 |
| Pengrowth Energy Trust | COM | 70706P104 | 77 | 96,448 | SH | | SOLE | | 93,373 | 0 | 3,075 |
| Praxair, Inc. | COM | 74005P104 | 1,974 | 12,762 | SH | | SOLE | | 11,162 | 0 | 1,600 |
| Prosperity Bancshares Inc. | COM | 743606105 | 2,290 | 32,686 | SH | | SOLE | | 24,986 | 0 | 7,700 |
| Qiwi PLC | COM | 74735M108 | 190 | 10,945 | SH | | SOLE | | 10,525 | 0 | 420 |
| Reliq Health Technologies Inc. | COM | 75955T103 | 21 | 20,000 | SH | | SOLE | | 20,000 | 0 | 0 |
| Renaissance Gold Inc. | COM | 75971J956 | 3 | 12,675 | SH | | SOLE | | 12,675 | 0 | 0 |
| Schneider Electric SA | COM | 483410007 | 1,052 | 12,365 | SH | | SOLE | | 10,115 | 0 | 2,250 |
| Sherwin-Williams Co. | COM | 824348106 | 2,234 | 5,448 | SH | | SOLE | | 4,500 | 0 | 948 |
| Smith & Nephew PLC | COM | 83175M205 | 904 | 25,814 | SH | | SOLE | | 25,004 | 0 | 810 |
| Snap-on, Inc. | COM | 833034101 | 1,591 | 9,130 | SH | | SOLE | | 7,150 | 0 | 1,980 |
| St. Gobain SA | COM | 738048909 | 937 | 16,977 | SH | | SOLE | | 16,842 | 0 | 135 |
| Straumann Holdings AG | COM | 715683900 | 1,169 | 1,655 | SH | | SOLE | | 1,120 | 0 | 535 |
| Sunstone Hotel Investors Inc. | COM | 867892101 | 222 | 13,417 | SH | | SOLE | | 13,417 | 0 | 0 |
| Tennant Co. | COM | 880345103 | 826 | 11,375 | SH | | SOLE | | 8,895 | 0 | 2,480 |
| The Clorox Co. | COM | 189054109 | 629 | 4,230 | SH | | SOLE | | 4,190 | 0 | 40 |
| Toronto Dominion Bank | COM | 891160509 | 1,784 | 30,450 | SH | | SOLE | | 25,255 | 0 | 5,195 |
| US Physical Therapy Inc. | COM | 90337L108 | 507 | 7,017 | SH | | SOLE | | 5,700 | 0 | 1,317 |
| Versum Materials, Inc. | COM | 92532W103 | 400 | 10,569 | SH | | SOLE | | 8,482 | 0 | 2,087 |
| Xylem, Inc. | COM | 98419M100 | 1,233 | 18,077 | SH | | SOLE | | 14,682 | 0 | 3,395 |
| Yandex NV | COM | N97284108 | 455 | 13,900 | SH | | SOLE | | 13,900 | 0 | 0 |
