The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete.
The reader should not assume that the information is accurate and complete.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F

FORM 13F INFORMATION TABLE

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COLUMN 1COLUMN 2COLUMN 3COLUMN 4COLUMN 5COLUMN 6COLUMN 7COLUMN 8
VALUESHRS ORSH/PUT/INVESTMENTOTHERVOTING AUTHORITY
NAME OF ISSUERTITLE OF CLASSCUSIP(x$1000)PRN AMTPRNCALLDISCRETIONMANAGERSOLESHAREDNONE
AT&T Inc.COM00206R10257116,200SH SOLE 16,20000
Altria Group, IncCOM02209S10398621,470SH SOLE 21,47000
Amerigas Partners LPUNIT LTD PARTN0309751063,50376,795SH SOLE 76,79500
BreitBurn Energy Partners LPUNIT LTD PARTN1067761072,442120,174SH SOLE 120,17400
Buckeye Partners LPUNIT LTD PARTN1182301014,47856,223SH SOLE 56,22300
Cominar REITCOM1999109512,458145,350SH SOLE 145,35000
Commonwealth Bank of AustraliaCOM6215030022,46937,480SH SOLE 37,48000
Crombie REITCOM2271071091,07292,516SH SOLE 92,51600
DCP Midstream Partners LPUNIT LTD PARTN23311P1003,13957,649SH SOLE 57,64900
Energias de Portugal, SA ADRADR2683531091,92544,315SH SOLE 44,31500
Enerplus Resources Fund TrustCOM2927661022,334123,028SH SOLE 123,02800
Enterprise Products Partners LUNIT LTD PARTN2937921074,866120,750SH SOLE 120,75000
Ferrellgas Partners LPUNIT LTD PARTN3152931002,53994,485SH SOLE 94,48500
Gaztransport et Technigaz SASCOMBJYRDP577413,080SH SOLE 13,08000
Genworth MI Canada Inc.COM37252B9532,02563,920SH SOLE 63,92000
Gladstone Commerical Corp.COM3765361081,69099,462SH SOLE 99,46200
GlaxoSmithKline PLC ADRADR37733W10591019,805SH SOLE 19,80500
Global Partners LPUNIT LTD PARTN37946R1093,76690,380SH SOLE 90,38000
Grupo Aeroportuario Del PacifiADR4005061013,13446,478SH SOLE 46,47800
H&R REITCOM4044282031,57980,725SH SOLE 80,72500
Hatteras Financial CorpCOM41902R10376342,460SH SOLE 42,46000
Kinder Morgan Energy PartnersUNIT LTD PARTN4945501064,58549,150SH SOLE 49,15000
Kinder Morgan Management LLCADR49455U1006146,520SH SOLE 6,52000
Martin Midstream Partners LPUNIT LTD PARTN5733311052,60869,935SH SOLE 69,93500
Monmouth Real Estate InvestmenCOM6097201073,927388,041SH SOLE 388,04100
National Grid PLC ADSADR6362743001,69123,519SH SOLE 23,51900
ONE Gas, Inc.COM68235P10840111,721SH SOLE 11,72100
Oneok Inc.COM6826801034076,203SH SOLE 6,20300
Oneok Partners LPUNIT LTD PARTN68268N1034,36277,955SH SOLE 77,95500
Partners REITCOM70214B977726202,756SH SOLE 202,75600
Pengrowth Energy TrustCOM70706P1041,369263,250SH SOLE 263,25000
Phillips 66 Partners LPUNIT LTD PARTN7185492073134,690SH SOLE 4,69000
Plains All American Pipeline LADR7265031054,70479,913SH SOLE 79,91300
Precinct Properties New ZealanCOM6093279031,3371,580,600SH SOLE 1,580,60000
Realty Income Corp.COM7561091041,59038,980SH SOLE 38,98000
Sasol Ltd. ADRADR8038663002,52946,420SH SOLE 46,42000
Sempra EnergyCOM8168511093313,145SH SOLE 3,14500
Suburban Propane Partners LPUNIT LTD PARTN8644821042,53756,940SH SOLE 56,94000
Sunoco Logistic Partners LPUNIT LTD PARTN86764L1084,71997,792SH SOLE 97,79200
TC Pipelines LPUNIT LTD PARTN87233Q1084,87972,050SH SOLE 72,05000
Teekay LNG Partners LPUNIT LTD PARTNY8564M1052,20050,502SH SOLE 50,50200
Total SA ADRADR89151E1092,75942,804SH SOLE 42,80400
USA Compression PartnersUNIT LTD PARTN90290N1091,71670,654SH SOLE 70,65400
Urstadt Biddle Properties ACOM9172862051,55276,440SH SOLE 76,44000
Verizon Communications Inc.COM92343V10480916,180SH SOLE 16,18000
Vermilion Energy TrustADR9237259563,09950,802SH SOLE 50,80200
Advent Software, Inc.COM00797410882626,170SH SOLE 26,17000
Air Products & Chemicals Inc.COM0091581062,75921,194SH SOLE 21,19400
Anadarko Petroleum Corp.COM0325111074,22941,685SH SOLE 41,68500
Apple Inc.COM0378331002962,937SH SOLE 2,93700
Aptargroup, Inc.COM0383361033,86163,602SH SOLE 63,60200
Automatic Data Processing Inc.COM0530151035,17362,270SH SOLE 62,27000
Avery Dennison Corp.COM0536111091,20026,875SH SOLE 26,87500
B&G Foods Inc.COM05508R10635612,940SH SOLE 12,94000
Bank of Ireland ADRADR46267Q2022,374149,981SH SOLE 149,98100
Bemis Co. Inc.COM0814371052,89376,095SH SOLE 76,09500
Best Buy Co. Inc.COM0865161012387,100SH SOLE 7,10000
C.R. Bard Inc.COM0673831091,0407,285SH SOLE 7,28500
CDK Global Holdings LLCCOM12508E10161520,097SH SOLE 20,09700
Church & Dwight Co., Inc.COM1713401021,00014,250SH SOLE 14,25000
Colgate-Palmolive Co.COM1941621034,60170,545SH SOLE 70,54500
Comcast CorpCOM20030N10165312,145SH SOLE 12,14500
Credito Real Sofom ENRCOMB8DST5905962340,010SH SOLE 340,01000
Cummins Inc.COM2310211061,52811,575SH SOLE 11,57500
Ecolab, Inc.COM2788651006185,385SH SOLE 5,38500
Emerson Electric Co.COM2910111043,59157,390SH SOLE 57,39000
Exxon Mobil Corp.COM30231G1021,36414,505SH SOLE 14,50500
FNBH Bancorp Inc.COM302528203437444,977SH SOLE 444,97700
Fiserv Inc.COM3377381085,08378,645SH SOLE 78,64500
General Mills Inc.COM3703341044,16682,584SH SOLE 82,58400
Global Specialty Metals Inc.COM37954N20697053,310SH SOLE 53,31000
Graco, Inc.COM3841091044,45160,990SH SOLE 60,99000
Grainger, WW Inc.COM3848021044,52017,960SH SOLE 17,96000
Hasbro Inc.COM4180561072514,570SH SOLE 4,57000
Heineken NV ADRADR4230123013,953105,745SH SOLE 105,74500
Hormel Foods Corp.COM4404521005,875114,325SH SOLE 114,32500
ITT Corp.COM4509112013,19771,148SH SOLE 71,14800
Imperial Oil Ltd.COM4530384081,21325,695SH SOLE 25,69500
Infosys Ltd. ADRADR4567881082,27337,570SH SOLE 37,57000
Ingredion Inc.ADR4571871024,30056,730SH SOLE 56,73000
Jacob Engineering GroupCOM4698141072,94660,343SH SOLE 60,34300
John Wiley & Sons Inc. ACOM96822320685115,175SH SOLE 15,17500
Johnson & JohnsonCOM4781601046456,055SH SOLE 6,05500
Johnson Controls Inc.COM4783661072,44655,585SH SOLE 55,58500
Kimberly-Clark Corp.COM4943681032,07819,315SH SOLE 19,31500
Lakeview Hotel Investment Co.COM51222P9504785,300SH SOLE 85,30000
Lakeview Hotel Investment CorpCOMHCB8J36M04373,900SH SOLE 73,90000
Leggett & Platt Inc.COM52466010769519,910SH SOLE 19,91000
Lincoln Electric Holdings Inc.COM5339001062,32733,655SH SOLE 33,65500
Macy's, Inc.COM55616P1043305,665SH SOLE 5,66500
Maranthon Oil Corp.COM5658491062,82575,150SH SOLE 75,15000
Marathon Petroleum Corp.COM56585A1021,20714,250SH SOLE 14,25000
McCormick & Co. Inc.COM5797802062,59838,830SH SOLE 38,83000
McDonald's Corp.COM5801351013,94141,570SH SOLE 41,57000
Mechel Open Joint Stock Co. ADADR5838401037767,825SH SOLE 67,82500
Mettler-Toledo International,COM5926881054,95019,325SH SOLE 19,32500
Molina Healthcare Inc.COM60855R10063214,940SH SOLE 14,94000
Myriad Genetics Inc.COM62855J1041,01826,400SH SOLE 26,40000
Norfolk & Southern Corp.COM6558441085,43048,655SH SOLE 48,65500
Novartis AG ADRADR66987V1091,41515,035SH SOLE 15,03500
Novolipetsk GDRADR67011E2041,01569,635SH SOLE 69,63500
Occidental Petroleum Corp.COM6745991051,83619,095SH SOLE 19,09500
Omnicom GroupCOM6819191063,80655,273SH SOLE 55,27300
Parker HannifinCOM7010941043,72932,671SH SOLE 32,67100
Paychex, Inc.COM7043261073,36676,150SH SOLE 76,15000
Praxair, Inc.COM74005P1043,55127,524SH SOLE 27,52400
Prosperity Bancshares Inc.COM7436061053,80666,570SH SOLE 66,57000
Reckitt Benckiser PLCCOMB24CGK9042172,500SH SOLE 2,50000
Rostelecom Long Distance ADRADR77852910753433,580SH SOLE 33,58000
Sally Beauty Holdings Inc.COM79546E1041,08139,506SH SOLE 39,50600
Schneider Electric SACOM4834100073,43744,750SH SOLE 44,75000
Sherwin-Williams Co.COM8243481065,16523,585SH SOLE 23,58500
Shire PLCCOM82481R1066282,425SH SOLE 2,42500
Sirona Dental Systems Inc.COM82966C1037249,440SH SOLE 9,44000
Smith & Nephew PLCCOM83175M2051,02212,145SH SOLE 12,14500
Sonoco Products Co.COM83549510253713,655SH SOLE 13,65500
Spectral DiagnosticsCOM847574100620,000SH SOLE 20,00000
St. GobainCOM7380489091,89141,307SH SOLE 41,30700
Synchrony FinancialCOM87165B10365526,680SH SOLE 26,68000
The Clorox CompanyCOM1890541091,04310,865SH SOLE 10,86500
Thermon Group Holdings, Inc.COM88362T1031,38956,863SH SOLE 56,86300
Toronto Dominion BankCOM8911605093,86778,290SH SOLE 78,29000
US Physical Therapy Inc.COM90337L1081,38939,258SH SOLE 39,25800
Xylem, IncCOM98419M1001,69947,875SH SOLE 47,87500
Yandex NVCOMN972841081,36949,240SH SOLE 49,24000