| 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 |
| AT&T Inc. | COM | 00206R102 | 243 | 6,804 | SH | | SOLE | | 0 | 0 | 6,804 |
| Altria Group, Inc. | COM | 02209S103 | 694 | 11,140 | SH | | SOLE | | 6,350 | 0 | 4,790 |
| Amerigas Partners LP | UNIT LTD PARTN | 030975106 | 1,831 | 45,816 | SH | | SOLE | | 37,581 | 0 | 8,235 |
| Armada Hoffler Properties, Inc | COM | 04208T108 | 880 | 64,260 | SH | | SOLE | | 50,895 | 0 | 13,365 |
| BRT Apartments Corp. | COM | 055645303 | 240 | 20,410 | SH | | SOLE | | 4,525 | 0 | 15,885 |
| Bonterra Energy Corp. | COM | 098546104 | 433 | 42,131 | SH | | SOLE | | 35,896 | 0 | 6,235 |
| Buckeye Partners LP | UNIT LTD PARTN | 118230101 | 1,349 | 36,085 | SH | | SOLE | | 28,360 | 0 | 7,725 |
| Chesapeake Utilities Corp. | COM | 165303108 | 1,170 | 16,634 | SH | | SOLE | | 11,689 | 0 | 4,945 |
| Commonwealth Bank of Australia | COM | 621503002 | 1,355 | 24,423 | SH | | SOLE | | 19,063 | 0 | 5,360 |
| Crombie REIT | COM | 227107976 | 359 | 36,831 | SH | | SOLE | | 22,896 | 0 | 13,935 |
| DCP Midstream Partners LP | UNIT LTD PARTN | 23311P100 | 1,647 | 46,904 | SH | | SOLE | | 34,894 | 0 | 12,010 |
| Energias de Portugal, SA ADR | ADR | 268353109 | 1,072 | 28,278 | SH | | SOLE | | 28,153 | 0 | 125 |
| Energy Transfer Partners LP | UNIT LTD PARTN | 29278N103 | 1,045 | 64,445 | SH | | SOLE | | 51,060 | 0 | 13,385 |
| Enterprise Products Partners L | UNIT LTD PARTN | 293792107 | 1,686 | 68,861 | SH | | SOLE | | 54,541 | 0 | 14,320 |
| Ferrellgas Partners LP | UNIT LTD PARTN | 315293100 | 50 | 15,990 | SH | | SOLE | | 13,980 | 0 | 2,010 |
| Gaztransport et Technigaz SAS | COM | ACI07W296 | 1,831 | 29,246 | SH | | SOLE | | 22,606 | 0 | 6,640 |
| Genworth MI Canada Inc. | COM | 37252B953 | 944 | 29,692 | SH | | SOLE | | 29,452 | 0 | 240 |
| Gladstone Commercial Corp. | COM | 376536108 | 1,172 | 67,592 | SH | | SOLE | | 59,157 | 0 | 8,435 |
| Global Partners LP | UNIT LTD PARTN | 37946R109 | 282 | 18,345 | SH | | SOLE | | 13,120 | 0 | 5,225 |
| H&R REIT | COM | 404428955 | 340 | 20,824 | SH | | SOLE | | 18,926 | 0 | 1,898 |
| Kinder Morgan, Inc. | COM | 49456B101 | 710 | 47,148 | SH | | SOLE | | 36,912 | 0 | 10,236 |
| LTC Properties Inc. | COM | 502175102 | 645 | 16,980 | SH | | SOLE | | 13,450 | 0 | 3,530 |
| Labrador Iron Ore Royalty Corp | COM | 505440966 | 1,141 | 69,725 | SH | | SOLE | | 46,535 | 0 | 23,190 |
| Martin Midstream Partners LP | UNIT LTD PARTN | 573331105 | 396 | 29,301 | SH | | SOLE | | 19,396 | 0 | 9,905 |
| Monmouth Real Estate Investmen | COM | 609720107 | 822 | 54,655 | SH | | SOLE | | 51,385 | 0 | 3,270 |
| National Grid PLC ADS | ADR | 636274409 | 1,519 | 26,927 | SH | | SOLE | | 18,641 | 0 | 8,286 |
| Novolipetsk GDR | ADR | B0RTNX900 | 391 | 15,715 | SH | | SOLE | | 15,715 | 0 | 0 |
| ONE Gas, Inc. | COM | 68235P108 | 898 | 13,600 | SH | | SOLE | | 7,955 | 0 | 5,645 |
| ONEOK Inc. | COM | 682680103 | 2,246 | 39,457 | SH | | SOLE | | 30,001 | 0 | 9,456 |
| Oaktree Capital Group LLC | COM | 674001201 | 248 | 6,260 | SH | | SOLE | | 0 | 0 | 6,260 |
| Oasis Midstream Partners LP | UNIT LTD PARTN | 67420T206 | 623 | 35,155 | SH | | SOLE | | 27,055 | 0 | 8,100 |
| Plains All American Pipeline L | UNIT LTD PARTN | 726503105 | 484 | 21,978 | SH | | SOLE | | 15,958 | 0 | 6,020 |
| Precinct Properties New Zealan | COM | 609327903 | 766 | 829,355 | SH | | SOLE | | 827,050 | 0 | 2,305 |
| Realty Income Corp. | COM | 756109104 | 1,182 | 22,852 | SH | | SOLE | | 15,310 | 0 | 7,542 |
| Rostelecom Long Distance ADR | ADR | 778529107 | 153 | 21,705 | SH | | SOLE | | 21,705 | 0 | 0 |
| Royal Dutch Shell ADR B Shares | ADR | 780259107 | 381 | 5,820 | SH | | SOLE | | 0 | 0 | 5,820 |
| Ship Finance International Ltd | COM | G81075106 | 892 | 62,370 | SH | | SOLE | | 51,670 | 0 | 10,700 |
| Spectra Energy Partners LP | UNIT LTD PARTN | 84756N109 | 816 | 24,270 | SH | | SOLE | | 20,410 | 0 | 3,860 |
| Suburban Propane Partners LP | UNIT LTD PARTN | 864482104 | 240 | 10,910 | SH | | SOLE | | 9,160 | 0 | 1,750 |
| Sunstone Hotel Investors Inc. | COM | 867892101 | 724 | 47,574 | SH | | SOLE | | 36,624 | 0 | 10,950 |
| TC Pipelines LP | UNIT LTD PARTN | 87233Q108 | 1,348 | 38,857 | SH | | SOLE | | 32,076 | 0 | 6,781 |
| Total SA ADR | ADR | 89151E109 | 1,089 | 18,874 | SH | | SOLE | | 16,229 | 0 | 2,645 |
| USA Compression Partners LP | UNIT LTD PARTN | 90290N109 | 484 | 28,601 | SH | | SOLE | | 23,736 | 0 | 4,865 |
| Urstadt Biddle Properties Inc. | COM | 917286205 | 998 | 51,704 | SH | | SOLE | | 37,239 | 0 | 14,465 |
| Verizon Communications Inc. | COM | 92343V104 | 893 | 18,674 | SH | | SOLE | | 10,738 | 0 | 7,936 |
| Vermilion Energy Trust | COM | 923725956 | 1,084 | 33,655 | SH | | SOLE | | 25,660 | 0 | 7,995 |
| Western Gas Partners, LP | UNIT LTD PARTN | 958254104 | 737 | 17,275 | SH | | SOLE | | 14,100 | 0 | 3,175 |
| Air Products & Chemicals Inc. | COM | 009158106 | 1,628 | 10,239 | SH | | SOLE | | 9,044 | 0 | 1,195 |
| Anadarko Petroleum Corp. | COM | 032511107 | 1,173 | 19,410 | SH | | SOLE | | 14,015 | 0 | 5,395 |
| Apache Corp. | COM | 037411105 | 521 | 13,545 | SH | | SOLE | | 11,715 | 0 | 1,830 |
| Apple Inc. | COM | 037833100 | 619 | 3,691 | SH | | SOLE | | 0 | 0 | 3,691 |
| AptarGroup, Inc. | COM | 038336103 | 1,538 | 17,120 | SH | | SOLE | | 13,460 | 0 | 3,660 |
| AstroNova, Inc. | COM | 04638F108 | 598 | 38,552 | SH | | SOLE | | 33,407 | 0 | 5,145 |
| Automatic Data Processing Inc. | COM | 053015103 | 2,796 | 24,635 | SH | | SOLE | | 19,495 | 0 | 5,140 |
| Avery Dennison Corp. | COM | 053611109 | 1,462 | 13,757 | SH | | SOLE | | 11,045 | 0 | 2,712 |
| Banco del Bajio | COM | ACI0VM9Y9 | 1,240 | 581,825 | SH | | SOLE | | 500,000 | 0 | 81,825 |
| Bank of Ireland | COM | 306062902 | 798 | 91,206 | SH | | SOLE | | 71,431 | 0 | 19,775 |
| Becton, Dickinson and Co. | COM | 075887109 | 454 | 2,093 | SH | | SOLE | | 1,375 | 0 | 718 |
| Breitburn Energy Partners LP | UNIT LTD PARTN | 106776107 | 0 | 128,919 | SH | | SOLE | | 128,909 | 0 | 10 |
| CDK Global Holdings LLC | COM | 12508E101 | 916 | 14,455 | SH | | SOLE | | 11,817 | 0 | 2,638 |
| Church & Dwight Company, Inc. | COM | 171340102 | 564 | 11,197 | SH | | SOLE | | 7,985 | 0 | 3,212 |
| Cisco Systems Inc. | COM | 17275R102 | 274 | 6,397 | SH | | SOLE | | 0 | 0 | 6,397 |
| Colgate-Palmolive Co. | COM | 194162103 | 2,342 | 32,670 | SH | | SOLE | | 26,505 | 0 | 6,165 |
| Comcast Corp. | COM | 20030N101 | 650 | 19,022 | SH | | SOLE | | 8,888 | 0 | 10,134 |
| Cracker Barrel Old Country Sto | COM | 22410J106 | 1,360 | 8,545 | SH | | SOLE | | 6,915 | 0 | 1,630 |
| Credito Real Sofom ENR | COM | B8DST5905 | 236 | 165,244 | SH | | SOLE | | 164,944 | 0 | 300 |
| Cummins Inc. | COM | 231021106 | 944 | 5,824 | SH | | SOLE | | 4,707 | 0 | 1,117 |
| Dentsply Sirona Inc. | COM | 24906P109 | 551 | 10,959 | SH | | SOLE | | 8,194 | 0 | 2,765 |
| Despegar.com Corp | COM | G27358103 | 593 | 18,975 | SH | | SOLE | | 14,880 | 0 | 4,095 |
| Diagnos Inc. | COM | 252442207 | 1 | 12,000 | SH | | SOLE | | 12,000 | 0 | 0 |
| Ecolab, Inc. | COM | 278865100 | 469 | 3,425 | SH | | SOLE | | 2,115 | 0 | 1,310 |
| Emerson Electric Co. | COM | 291011104 | 848 | 12,412 | SH | | SOLE | | 9,355 | 0 | 3,057 |
| Enerplus Resources Fund Trust | COM | 292766102 | 1,432 | 127,198 | SH | | SOLE | | 106,778 | 0 | 20,420 |
| FB Financial Corp. | COM | 30257X104 | 1,008 | 24,840 | SH | | SOLE | | 16,030 | 0 | 8,810 |
| Fastenal Co. | COM | 311900104 | 451 | 8,265 | SH | | SOLE | | 6,235 | 0 | 2,030 |
| Fiserv Inc. | COM | 337738108 | 3,211 | 45,026 | SH | | SOLE | | 35,704 | 0 | 9,322 |
| ForeScout Technologies Inc. | COM | 34553D101 | 604 | 18,625 | SH | | SOLE | | 14,975 | 0 | 3,650 |
| General Motors Co. | COM | 37045V100 | 244 | 6,710 | SH | | SOLE | | 0 | 0 | 6,710 |
| Gilead Sciences Inc | COM | 375558103 | 424 | 5,628 | SH | | SOLE | | 0 | 0 | 5,628 |
| Givaudan SA ADR | ADR | 37636P108 | 832 | 18,204 | SH | | SOLE | | 14,339 | 0 | 3,865 |
| Graco, Inc. | COM | 384109104 | 2,675 | 58,515 | SH | | SOLE | | 49,167 | 0 | 9,348 |
| Grainger, WW Inc. | COM | 384802104 | 2,137 | 7,569 | SH | | SOLE | | 5,744 | 0 | 1,825 |
| Grupo Aeroportuario Del Pacifi | ADR | 400506101 | 1,779 | 17,857 | SH | | SOLE | | 15,917 | 0 | 1,940 |
| HFF Inc. | COM | 40418F108 | 350 | 7,050 | SH | | SOLE | | 6,940 | 0 | 110 |
| Hasbro Inc. | COM | 418056107 | 422 | 5,010 | SH | | SOLE | | 2,385 | 0 | 2,625 |
| Heineken NV ADR | ADR | 423012301 | 1,514 | 28,101 | SH | | SOLE | | 22,490 | 0 | 5,611 |
| Honeywell International Inc. | COM | 438516106 | 1,247 | 8,630 | SH | | SOLE | | 6,700 | 0 | 1,930 |
| Hormel Foods Corp. | COM | 440452100 | 2,200 | 64,112 | SH | | SOLE | | 51,059 | 0 | 13,053 |
| Hubbell Inc. | COM | 443510607 | 975 | 8,005 | SH | | SOLE | | 5,940 | 0 | 2,065 |
| IMI PLC | COM | BGLP8L902 | 903 | 59,615 | SH | | SOLE | | 49,300 | 0 | 10,315 |
| ITT Corp. | COM | 45073V108 | 2,140 | 43,689 | SH | | SOLE | | 35,759 | 0 | 7,930 |
| Illinois Tool Works Inc. | COM | 452308109 | 710 | 4,535 | SH | | SOLE | | 2,910 | 0 | 1,625 |
| Imperial Oil Ltd. | COM | 453038408 | 208 | 7,833 | SH | | SOLE | | 7,508 | 0 | 325 |
| Infraestructura Energ | COM | B84XBP909 | 231 | 47,410 | SH | | SOLE | | 47,150 | 0 | 260 |
| Ingredion Inc. | COM | 457187102 | 2,388 | 18,521 | SH | | SOLE | | 15,266 | 0 | 3,255 |
| Intel Corp. | COM | 458140100 | 592 | 11,362 | SH | | SOLE | | 0 | 0 | 11,362 |
| International Flavors & Fragra | COM | 459506101 | 1,110 | 8,110 | SH | | SOLE | | 5,965 | 0 | 2,145 |
| JPMorgan Chase & Co. | COM | 46625H100 | 424 | 3,859 | SH | | SOLE | | 0 | 0 | 3,859 |
| Johnson Controls International | COM | G51502105 | 764 | 21,688 | SH | | SOLE | | 15,338 | 0 | 6,350 |
| Kimberly-Clark Corp. | COM | 494368103 | 1,232 | 11,183 | SH | | SOLE | | 8,192 | 0 | 2,991 |
| LKQ Corp. | COM | 501889208 | 929 | 24,490 | SH | | SOLE | | 19,455 | 0 | 5,035 |
| Leggett & Platt Inc. | COM | 524660107 | 996 | 22,454 | SH | | SOLE | | 16,940 | 0 | 5,514 |
| Liberty Oilfield Services Inc. | COM | 53115L104 | 593 | 35,130 | SH | | SOLE | | 26,415 | 0 | 8,715 |
| Lincoln Electric Holdings Inc. | COM | 533900106 | 792 | 8,800 | SH | | SOLE | | 7,000 | 0 | 1,800 |
| McCormick & Company, Inc. | COM | 579780206 | 1,378 | 12,956 | SH | | SOLE | | 10,915 | 0 | 2,041 |
| McDonald's Corp. | COM | 580135101 | 1,802 | 11,524 | SH | | SOLE | | 9,909 | 0 | 1,615 |
| Mechel Open Joint Stock Co. AD | ADR | 583840608 | 70 | 16,051 | SH | | SOLE | | 16,051 | 0 | 0 |
| Medtronic PLC | COM | G5860L103 | 344 | 4,289 | SH | | SOLE | | 0 | 0 | 4,289 |
| Mettler-Toledo International | COM | 592688105 | 1,396 | 2,428 | SH | | SOLE | | 2,035 | 0 | 393 |
| Myriad Genetics Inc. | COM | 62855J104 | 478 | 16,162 | SH | | SOLE | | 7,184 | 0 | 8,978 |
| Nordson Corp. | COM | 655663102 | 1,202 | 8,818 | SH | | SOLE | | 6,123 | 0 | 2,695 |
| Norfolk & Southern Corp. | COM | 655844108 | 1,803 | 13,282 | SH | | SOLE | | 12,053 | 0 | 1,229 |
| Novartis AG ADR | ADR | 66987V109 | 663 | 8,199 | SH | | SOLE | | 6,274 | 0 | 1,925 |
| Occidental Petroleum Corp. | COM | 674599105 | 500 | 7,698 | SH | | SOLE | | 7,608 | 0 | 90 |
| Omnicom Group | COM | 681919106 | 2,637 | 36,282 | SH | | SOLE | | 28,135 | 0 | 8,147 |
| Parker Hannifin Corp. | COM | 701094104 | 1,372 | 8,023 | SH | | SOLE | | 5,838 | 0 | 2,185 |
| Paychex, Inc. | COM | 704326107 | 1,728 | 28,052 | SH | | SOLE | | 21,071 | 0 | 6,981 |
| Pengrowth Energy Trust | COM | 70706P104 | 62 | 96,448 | SH | | SOLE | | 91,988 | 0 | 4,460 |
| Pfizer Inc. | COM | 717081103 | 298 | 8,396 | SH | | SOLE | | 0 | 0 | 8,396 |
| Praxair, Inc. | COM | 74005P104 | 1,834 | 12,712 | SH | | SOLE | | 11,042 | 0 | 1,670 |
| Prosperity Bancshares Inc. | COM | 743606105 | 2,352 | 32,386 | SH | | SOLE | | 24,706 | 0 | 7,680 |
| Qiwi PLC | COM | 74735M108 | 516 | 27,000 | SH | | SOLE | | 21,645 | 0 | 5,355 |
| Reliq Health Technologies Inc. | COM | 75955T103 | 29 | 20,000 | SH | | SOLE | | 20,000 | 0 | 0 |
| Renaissance Gold Inc. | COM | 75971J956 | 4 | 19,800 | SH | | SOLE | | 19,800 | 0 | 0 |
| Schneider Electric SA | COM | 483410007 | 1,102 | 12,560 | SH | | SOLE | | 10,240 | 0 | 2,320 |
| Sherwin-Williams Co. | COM | 824348106 | 1,617 | 4,123 | SH | | SOLE | | 3,420 | 0 | 703 |
| Smith & Nephew PLC | COM | 83175M205 | 985 | 25,814 | SH | | SOLE | | 24,894 | 0 | 920 |
| Snap-on, Inc. | COM | 833034101 | 1,341 | 9,090 | SH | | SOLE | | 7,120 | 0 | 1,970 |
| St. Gobain SA | COM | 738048909 | 895 | 16,977 | SH | | SOLE | | 16,842 | 0 | 135 |
| Straumann Holdings AG | COM | 715683900 | 1,034 | 1,645 | SH | | SOLE | | 1,120 | 0 | 525 |
| Tennant Co. | COM | 880345103 | 767 | 11,325 | SH | | SOLE | | 8,825 | 0 | 2,500 |
| The Clorox Co. | COM | 189054109 | 563 | 4,230 | SH | | SOLE | | 4,180 | 0 | 50 |
| Toronto Dominion Bank | COM | 891160509 | 1,733 | 30,480 | SH | | SOLE | | 25,029 | 0 | 5,451 |
| US Physical Therapy Inc. | COM | 90337L108 | 568 | 6,992 | SH | | SOLE | | 5,660 | 0 | 1,332 |
| Versum Materials, Inc. | COM | 92532W103 | 373 | 9,902 | SH | | SOLE | | 7,917 | 0 | 1,985 |
| Walt Disney Co. | COM | 254687106 | 416 | 4,140 | SH | | SOLE | | 0 | 0 | 4,140 |
| Wells Fargo | COM | 949746101 | 244 | 4,655 | SH | | SOLE | | 0 | 0 | 4,655 |
| Xylem, Inc. | COM | 98419M100 | 1,382 | 17,967 | SH | | SOLE | | 14,612 | 0 | 3,355 |
| Yandex NV | COM | N97284108 | 548 | 13,900 | SH | | SOLE | | 13,845 | 0 | 55 |
| Annaly Capital Management | COM | 035710409 | 252 | 24,130 | SH | | SOLE | | 0 | 0 | 24,130 |
