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
OMB APPROVAL
OMB Number: 3235-0006
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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 2,392 71,200 SH   SOLE   71,200 0 0
Altria Group, Inc. COM 02209S103 2,930 59,470 SH   SOLE   59,470 0 0
Amerigas Partners LP UNIT LTD PARTN 030975106 5,611 117,095 SH   SOLE   117,095 0 0
BreitBurn Energy Partners LP UNIT LTD PARTN 106776107 1,734 247,744 SH   SOLE   247,744 0 0
Buckeye Partners LP UNIT LTD PARTN 118230101 8,370 110,623 SH   SOLE   110,623 0 0
Chesapeake Utilities Corp. COM 165303108 3,358 67,626 SH   SOLE   67,626 0 0
Cleco Corp. COM 12561W105 1,616 29,625 SH   SOLE   29,625 0 0
Cominar REIT COM 199910951 2,335 145,350 SH   SOLE   145,350 0 0
Commonwealth Bank of Australia COM 621503002 4,870 69,480 SH   SOLE   69,480 0 0
Crombie REIT COM 227107109 1,032 92,516 SH   SOLE   92,516 0 0
DCP Midstream Partners LP UNIT LTD PARTN 23311P100 4,498 99,009 SH   SOLE   99,009 0 0
DTE Energy Co. COM 233331107 2,369 27,430 SH   SOLE   27,430 0 0
Energias de Portugal, SA ADR ADR 268353109 1,721 44,315 SH   SOLE   44,315 0 0
Enerplus Resources Fund Trust COM 292766102 1,580 164,598 SH   SOLE   164,598 0 0
Enterprise Products Partners L UNIT LTD PARTN 293792107 9,023 249,800 SH   SOLE   249,800 0 0
Ferrellgas Partners LP UNIT LTD PARTN 315293100 2,000 90,985 SH   SOLE   90,985 0 0
Gaztransport et Technigaz SAS COM BJYRDP5 2,153 36,380 SH   SOLE   36,380 0 0
Genworth MI Canada Inc. COM 37252B953 1,948 61,020 SH   SOLE   61,020 0 0
Gladstone Commerical Corp. COM 376536108 1,708 99,462 SH   SOLE   99,462 0 0
GlaxoSmithKline PLC ADR ADR 37733W105 2,000 46,805 SH   SOLE   46,805 0 0
Global Partners LP UNIT LTD PARTN 37946R109 2,827 85,680 SH   SOLE   85,680 0 0
Grupo Aeroportuario Del Pacifi ADR 400506101 2,760 43,678 SH   SOLE   43,678 0 0
H&R REIT COM 404428203 1,514 80,725 SH   SOLE   80,725 0 0
Hatteras Financial Corp COM 41902R103 783 42,460 SH   SOLE   42,460 0 0
Kinder Morgan, Inc. COM 49456B101 11,545 272,856 SH   SOLE   272,856 0 0
Martin Midstream Partners LP UNIT LTD PARTN 573331105 3,498 130,135 SH   SOLE   130,135 0 0
Monmouth Real Estate Investmen COM 609720107 5,158 465,944 SH   SOLE   465,944 0 0
National Grid PLC ADS ADR 636274300 3,075 43,519 SH   SOLE   43,519 0 0
ONE Gas, Inc. COM 68235P108 3,193 77,471 SH   SOLE   77,471 0 0
Oneok Inc. COM 682680103 2,151 43,203 SH   SOLE   43,203 0 0
Oneok Partners LP UNIT LTD PARTN 68268N103 6,428 162,190 SH   SOLE   162,190 0 0
Partners REIT COM 70214B977 642 202,756 SH   SOLE   202,756 0 0
Pengrowth Energy Trust COM 70706P104 819 263,250 SH   SOLE   263,250 0 0
Phillips 66 Partners LP UNIT LTD PARTN 718549207 1,984 28,790 SH   SOLE   28,790 0 0
Plains All American Pipeline L UNIT LTD PARTN 726503105 8,445 164,550 SH   SOLE   164,550 0 0
Precinct Properties New Zealan COM 609327903 1,470 1,580,600 SH   SOLE   1,580,600 0 0
Qiwi PLC COM 74735M108 507 25,095 SH   SOLE   25,095 0 0
Realty Income Corp. COM 756109104 4,127 86,505 SH   SOLE   86,505 0 0
Sasol Ltd. ADR ADR 803866300 1,687 44,420 SH   SOLE   44,420 0 0
Sempra Energy COM 816851109 4,827 43,345 SH   SOLE   43,345 0 0
Suburban Propane Partners LP UNIT LTD PARTN 864482104 5,485 126,884 SH   SOLE   126,884 0 0
Sunoco Logistic Partners LP UNIT LTD PARTN 86764L108 7,606 182,042 SH   SOLE   182,042 0 0
TC Pipelines LP UNIT LTD PARTN 87233Q108 10,406 146,112 SH   SOLE   146,112 0 0
Teekay LNG Partners LP UNIT LTD PARTN Y8564M105 2,064 48,002 SH   SOLE   48,002 0 0
Total SA ADR ADR 89151E109 2,151 42,004 SH   SOLE   42,004 0 0
USA Compression Partners UNIT LTD PARTN 90290N109 1,281 77,234 SH   SOLE   77,234 0 0
Urstadt Biddle Properties A COM 917286205 3,416 156,140 SH   SOLE   156,140 0 0
Verizon Communications Inc. COM 92343V104 2,119 45,300 SH   SOLE   45,300 0 0
Vermilion Energy Trust COM 923725956 2,313 47,002 SH   SOLE   47,002 0 0
Vodacom Group Ltd.ADR ADR 92858D200 537 49,000 SH   SOLE   49,000 0 0
Advent Software, Inc. COM 007974108 2,380 77,670 SH   SOLE   77,670 0 0
Air Products & Chemicals Inc. COM 009158106 2,871 19,904 SH   SOLE   19,904 0 0
Alibaba Group Holding LTD COM 01609W102 520 5,000 SH   SOLE   5,000 0 0
Anadarko Petroleum Corp. COM 032511107 5,460 66,185 SH   SOLE   66,185 0 0
Apple Inc. COM 037833100 4,463 40,437 SH   SOLE   40,437 0 0
Aptargroup, Inc. COM 038336103 6,549 97,987 SH   SOLE   97,987 0 0
Automatic Data Processing Inc. COM 053015103 7,708 92,450 SH   SOLE   92,450 0 0
Avery Dennison Corp. COM 053611109 5,902 113,760 SH   SOLE   113,760 0 0
Bank of Ireland ADR ADR 46267Q202 2,123 139,481 SH   SOLE   139,481 0 0
Bemis Co. Inc. COM 081437105 3,544 78,395 SH   SOLE   78,395 0 0
Best Buy Co. Inc. COM 086516101 1,335 34,250 SH   SOLE   34,250 0 0
C.R. Bard Inc. COM 067383109 4,195 25,175 SH   SOLE   25,175 0 0
CDK Global Holdings LLC COM 12508E101 1,558 38,234 SH   SOLE   38,234 0 0
Church & Dwight Co., Inc. COM 171340102 1,588 20,150 SH   SOLE   20,150 0 0
Colgate-Palmolive Co. COM 194162103 6,812 98,455 SH   SOLE   98,455 0 0
Comcast Corp. COM 20030N101 2,790 48,095 SH   SOLE   48,095 0 0
Credito Real Sofom ENR COM B8DST5905 734 342,077 SH   SOLE   342,077 0 0
Cummins Inc. COM 231021106 1,355 9,400 SH   SOLE   9,400 0 0
Ecolab, Inc. COM 278865100 1,787 17,095 SH   SOLE   17,095 0 0
Emerson Electric Co. COM 291011104 5,114 82,850 SH   SOLE   82,850 0 0
Exxon Mobil Corp. COM 30231G102 3,273 35,405 SH   SOLE   35,405 0 0
FNBH Bancorp Inc. COM 302528203 44 43,774 SH   SOLE   43,774 0 0
Fiserv Inc. COM 337738108 8,356 117,745 SH   SOLE   117,745 0 0
Generac Holdings Inc. COM 368736104 1,156 24,720 SH   SOLE   24,720 0 0
General Mills Inc. COM 370334104 8,500 159,384 SH   SOLE   159,384 0 0
Global Specialty Metals Inc. COM 37954N206 919 53,310 SH   SOLE   53,310 0 0
Graco, Inc. COM 384109104 6,283 78,365 SH   SOLE   78,365 0 0
Grainger, WW Inc. COM 384802104 7,343 28,810 SH   SOLE   28,810 0 0
Hasbro Inc. COM 418056107 251 4,570 SH   SOLE   4,570 0 0
Heineken NV ADR ADR 423012301 3,537 100,115 SH   SOLE   100,115 0 0
Hormel Foods Corp. COM 440452100 7,673 147,280 SH   SOLE   147,280 0 0
ITT Corp. COM 450911201 4,295 106,148 SH   SOLE   106,148 0 0
Imperial Oil Ltd. COM 453038408 1,106 25,695 SH   SOLE   25,695 0 0
Infosys Ltd. ADR ADR 456788108 2,337 74,280 SH   SOLE   74,280 0 0
Ingredion Inc. COM 457187102 7,214 85,030 SH   SOLE   85,030 0 0
Jacob Engineering Group COM 469814107 2,697 60,343 SH   SOLE   60,343 0 0
John Wiley & Sons Inc. A COM 968223206 2,522 42,575 SH   SOLE   42,575 0 0
Johnson & Johnson COM 478160104 1,679 16,055 SH   SOLE   16,055 0 0
Johnson Controls Inc. COM 478366107 2,590 53,585 SH   SOLE   53,585 0 0
Kimberly-Clark Corp. COM 494368103 4,184 36,215 SH   SOLE   36,215 0 0
Lakeview Hotel Investment Co. COM 51222P950 43 85,300 SH   SOLE   85,300 0 0
Lakeview Hotel Investment Corp COM HCB8J36M0 37 73,900 SH   SOLE   73,900 0 0
Leggett & Platt Inc. COM 524660107 2,531 59,410 SH   SOLE   59,410 0 0
Lincoln Electric Holdings Inc. COM 533900106 4,274 61,855 SH   SOLE   61,855 0 0
Macy's, Inc. COM 55616P104 3,139 47,745 SH   SOLE   47,745 0 0
Marathon Oil Corp. COM 565849106 3,844 135,871 SH   SOLE   135,871 0 0
McCormick & Co. Inc. COM 579780206 4,973 66,930 SH   SOLE   66,930 0 0
McDonald's Corp. COM 580135101 7,643 81,570 SH   SOLE   81,570 0 0
Mechel Open Joint Stock Co. AD ADR 583840103 59 85,825 SH   SOLE   85,825 0 0
Metaldyne Performance Group, I COM 59116R107 434 25,000 SH   SOLE   25,000 0 0
Mettler-Toledo International, COM 592688105 8,215 27,160 SH   SOLE   27,160 0 0
Microchip Technology Inc. COM 595017104 3,322 73,650 SH   SOLE   73,650 0 0
Molina Healthcare Inc. COM 60855R100 3,203 59,840 SH   SOLE   59,840 0 0
Myriad Genetics Inc. COM 62855J104 1,355 39,780 SH   SOLE   39,780 0 0
NXP Semiconductors NV COM N6596X109 815 10,670 SH   SOLE   10,670 0 0
Norfolk & Southern Corp. COM 655844108 7,805 71,210 SH   SOLE   71,210 0 0
Novartis AG ADR ADR 66987V109 6,026 65,035 SH   SOLE   65,035 0 0
Novolipetsk GDR ADR 67011E204 909 79,165 SH   SOLE   79,165 0 0
Occidental Petroleum Corp. COM 674599105 1,539 19,095 SH   SOLE   19,095 0 0
Omnicom Group COM 681919106 6,505 83,973 SH   SOLE   83,973 0 0
OpenText Corp. COM 683715106 3,011 51,690 SH   SOLE   51,690 0 0
Parker Hannifin Corp. COM 701094104 8,172 63,371 SH   SOLE   63,371 0 0
Paychex, Inc. COM 704326107 5,534 119,855 SH   SOLE   119,855 0 0
Praxair, Inc. COM 74005P104 3,877 29,924 SH   SOLE   29,924 0 0
Prosperity Bancshares Inc. COM 743606105 6,163 111,320 SH   SOLE   111,320 0 0
Reckitt Benckiser PLC COM B24CGK904 580 7,140 SH   SOLE   7,140 0 0
Rostelecom Long Distance ADR ADR 778529107 305 33,580 SH   SOLE   33,580 0 0
Sally Beauty Holdings Inc. COM 79546E104 2,105 68,481 SH   SOLE   68,481 0 0
Schneider Electric SA COM 483410007 4,199 57,250 SH   SOLE   57,250 0 0
Sherwin-Williams Co. COM 824348106 7,861 29,885 SH   SOLE   29,885 0 0
Shire PLC COM 82481R106 515 2,425 SH   SOLE   2,425 0 0
Sirona Dental Systems Inc. COM 82966C103 832 9,520 SH   SOLE   9,520 0 0
Smith & Nephew PLC COM 83175M205 2,034 55,361 SH   SOLE   55,361 0 0
Sonoco Products Co. COM 835495102 4,673 106,945 SH   SOLE   106,945 0 0
Spectral Medical Inc. COM 847574100 6 20,000 SH   SOLE   20,000 0 0
St. Gobain SA COM 738048909 1,761 41,307 SH   SOLE   41,307 0 0
Sunstone Hotel Investors Inc. COM 867892101 237 14,340 SH   SOLE   14,340 0 0
Synchrony Financial COM 87165B103 796 26,770 SH   SOLE   26,770 0 0
The Clorox Co. COM 189054109 2,602 24,970 SH   SOLE   24,970 0 0
Thermon Group Holdings, Inc. COM 88362T103 1,376 56,863 SH   SOLE   56,863 0 0
Toronto Dominion Bank COM 891160509 5,996 125,490 SH   SOLE   125,490 0 0
US Physical Therapy Inc. COM 90337L108 3,162 75,351 SH   SOLE   75,351 0 0
Xylem, Inc. COM 98419M100 2,894 76,015 SH   SOLE   76,015 0 0
Yandex NV COM N97284108 813 45,240 SH   SOLE   45,240 0 0