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 2,915 86,790 SH   SOLE   86,790 0 0
Altria Group, Inc. COM 02209S103 3,698 75,050 SH   SOLE   75,050 0 0
Amerigas Partners LP UNIT LTD PARTN 030975106 6,320 131,895 SH   SOLE   131,895 0 0
BreitBurn Energy Partners LP UNIT LTD PARTN 106776107 1,915 273,544 SH   SOLE   273,544 0 0
Buckeye Partners LP UNIT LTD PARTN 118230101 9,193 121,503 SH   SOLE   121,503 0 0
Chesapeake Utilities Corp. COM 165303108 3,606 72,605 SH   SOLE   72,605 0 0
Cleco Corp. COM 12561W105 1,753 32,145 SH   SOLE   32,145 0 0
Cominar REIT COM 199910951 2,338 145,490 SH   SOLE   145,490 0 0
Commonwealth Bank of Australia COM 621503002 5,625 80,250 SH   SOLE   80,250 0 0
Crombie REIT COM 227107109 1,032 92,516 SH   SOLE   92,516 0 0
DCP Midstream Partners LP UNIT LTD PARTN 23311P100 5,070 111,609 SH   SOLE   111,609 0 0
DTE Energy Co. COM 233331107 2,880 33,340 SH   SOLE   33,340 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 9,816 271,750 SH   SOLE   271,750 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 2,388 40,350 SH   SOLE   40,350 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 2,617 61,225 SH   SOLE   61,225 0 0
Global Partners LP UNIT LTD PARTN 37946R109 2,860 86,680 SH   SOLE   86,680 0 0
Grupo Aeroportuario Del Pacifi ADR 400506101 2,760 43,678 SH   SOLE   43,678 0 0
H&R REIT COM 404428203 1,569 83,645 SH   SOLE   83,645 0 0
Hatteras Financial Corp COM 41902R103 783 42,460 SH   SOLE   42,460 0 0
Kinder Morgan, Inc. COM 49456B101 12,739 301,095 SH   SOLE   301,095 0 0
Martin Midstream Partners LP UNIT LTD PARTN 573331105 3,875 144,175 SH   SOLE   144,175 0 0
Monmouth Real Estate Investmen COM 609720107 5,158 465,944 SH   SOLE   465,944 0 0
National Grid PLC ADS ADR 636274300 3,845 54,409 SH   SOLE   54,409 0 0
ONE Gas, Inc. COM 68235P108 3,662 88,838 SH   SOLE   88,838 0 0
Oneok Inc. COM 682680103 2,613 52,483 SH   SOLE   52,483 0 0
Oneok Partners LP UNIT LTD PARTN 68268N103 6,857 173,030 SH   SOLE   173,030 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 2,151 31,210 SH   SOLE   31,210 0 0
Plains All American Pipeline L UNIT LTD PARTN 726503105 8,756 170,610 SH   SOLE   170,610 0 0
Precinct Properties New Zealan COM 609327903 1,470 1,580,600 SH   SOLE   1,580,600 0 0
Qiwi PLC COM 74735M108 699 34,645 SH   SOLE   34,645 0 0
Realty Income Corp. COM 756109104 4,938 103,505 SH   SOLE   103,505 0 0
Sasol Ltd. ADR ADR 803866300 2,099 55,280 SH   SOLE   55,280 0 0
Sempra Energy COM 816851109 5,403 48,515 SH   SOLE   48,515 0 0
Suburban Propane Partners LP UNIT LTD PARTN 864482104 5,917 136,864 SH   SOLE   136,864 0 0
Sunoco Logistic Partners LP UNIT LTD PARTN 86764L108 8,268 197,892 SH   SOLE   197,892 0 0
TC Pipelines LP UNIT LTD PARTN 87233Q108 11,474 161,102 SH   SOLE   161,102 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 3,623 165,590 SH   SOLE   165,590 0 0
Verizon Communications Inc. COM 92343V104 2,702 57,770 SH   SOLE   57,770 0 0
Vermilion Energy Trust COM 923725956 2,313 47,002 SH   SOLE   47,002 0 0
Vodacom Group Ltd.ADR ADR 92858D200 577 52,660 SH   SOLE   52,660 0 0
Advent Software, Inc. COM 007974108 2,738 89,370 SH   SOLE   89,370 0 0
Air Products & Chemicals Inc. COM 009158106 2,871 19,904 SH   SOLE   19,904 0 0
Alibaba Group Holding LTD COM 01609W102 765 7,360 SH   SOLE   7,360 0 0
Anadarko Petroleum Corp. COM 032511107 6,143 74,465 SH   SOLE   74,465 0 0
Apple Inc. COM 037833100 5,159 46,736 SH   SOLE   46,736 0 0
Aptargroup, Inc. COM 038336103 7,094 106,127 SH   SOLE   106,127 0 0
Automatic Data Processing Inc. COM 053015103 8,875 106,450 SH   SOLE   106,450 0 0
Avery Dennison Corp. COM 053611109 6,868 132,380 SH   SOLE   132,380 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 5,536 33,225 SH   SOLE   33,225 0 0
CDK Global Holdings LLC COM 12508E101 1,764 43,272 SH   SOLE   43,272 0 0
Church & Dwight Co., Inc. COM 171340102 2,570 32,615 SH   SOLE   32,615 0 0
Colgate-Palmolive Co. COM 194162103 7,925 114,535 SH   SOLE   114,535 0 0
Comcast Corp. COM 20030N101 3,638 62,720 SH   SOLE   62,720 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 5,951 96,410 SH   SOLE   96,410 0 0
Exxon Mobil Corp. COM 30231G102 3,998 43,250 SH   SOLE   43,250 0 0
FNBH Bancorp Inc. COM 302528203 125 123,565 SH   SOLE   123,565 0 0
Fiserv Inc. COM 337738108 9,887 139,310 SH   SOLE   139,310 0 0
Generac Holdings Inc. COM 368736104 1,347 28,800 SH   SOLE   28,800 0 0
General Mills Inc. COM 370334104 9,544 178,964 SH   SOLE   178,964 0 0
Global Specialty Metals Inc. COM 37954N206 919 53,310 SH   SOLE   53,310 0 0
Graco, Inc. COM 384109104 7,168 89,405 SH   SOLE   89,405 0 0
Grainger, WW Inc. COM 384802104 8,368 32,830 SH   SOLE   32,830 0 0
Hasbro Inc. COM 418056107 251 4,570 SH   SOLE   4,570 0 0
Heineken NV ADR ADR 423012301 4,475 126,675 SH   SOLE   126,675 0 0
Hormel Foods Corp. COM 440452100 8,178 156,960 SH   SOLE   156,960 0 0
ITT Corp. COM 450911201 5,092 125,843 SH   SOLE   125,843 0 0
Imperial Oil Ltd. COM 453038408 1,272 29,565 SH   SOLE   29,565 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
Jacobs Engineering Group COM 469814107 2,697 60,343 SH   SOLE   60,343 0 0
John Wiley & Sons Inc. A COM 968223206 2,597 43,835 SH   SOLE   43,835 0 0
Johnson & Johnson COM 478160104 1,712 16,375 SH   SOLE   16,375 0 0
Johnson Controls Inc. COM 478366107 2,590 53,585 SH   SOLE   53,585 0 0
Kimberly-Clark Corp. COM 494368103 5,204 45,045 SH   SOLE   45,045 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 3,424 80,350 SH   SOLE   80,350 0 0
Lincoln Electric Holdings Inc. COM 533900106 5,139 74,385 SH   SOLE   74,385 0 0
Macy's, Inc. COM 55616P104 4,212 64,055 SH   SOLE   64,055 0 0
Marathon Oil Corp. COM 565849106 4,329 153,026 SH   SOLE   153,026 0 0
McCormick & Co. Inc. COM 579780206 5,651 76,050 SH   SOLE   76,050 0 0
McDonald's Corp. COM 580135101 8,446 90,140 SH   SOLE   90,140 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 8,974 29,670 SH   SOLE   29,670 0 0
Microchip Technology Inc. COM 595017104 3,627 80,400 SH   SOLE   80,400 0 0
Molina Healthcare Inc. COM 60855R100 4,074 76,100 SH   SOLE   76,100 0 0
Myriad Genetics Inc. COM 62855J104 1,546 45,390 SH   SOLE   45,390 0 0
NXP Semiconductors NV COM N6596X109 1,170 15,310 SH   SOLE   15,310 0 0
Norfolk & Southern Corp. COM 655844108 8,386 76,505 SH   SOLE   76,505 0 0
Novartis AG ADR ADR 66987V109 6,984 75,375 SH   SOLE   75,375 0 0
Novolipetsk GDR COM 67011E204 909 79,165 SH   SOLE   79,165 0 0
Occidental Petroleum Corp. COM 674599105 1,739 21,570 SH   SOLE   21,570 0 0
Omnicom Group COM 681919106 7,480 96,553 SH   SOLE   96,553 0 0
OpenText Corp. COM 683715106 3,901 66,950 SH   SOLE   66,950 0 0
Parker Hannifin Corp. COM 701094104 9,248 71,721 SH   SOLE   71,721 0 0
Paychex, Inc. COM 704326107 6,541 141,665 SH   SOLE   141,665 0 0
Praxair, Inc. COM 74005P104 3,877 29,924 SH   SOLE   29,924 0 0
Prosperity Bancshares Inc. COM 743606105 6,977 126,030 SH   SOLE   126,030 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 2,310 75,141 SH   SOLE   75,141 0 0
Schneider Electric SA COM 483410007 4,941 67,370 SH   SOLE   67,370 0 0
Sherwin-Williams Co. COM 824348106 8,916 33,895 SH   SOLE   33,895 0 0
Shire PLC COM 82481R106 894 4,205 SH   SOLE   4,205 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 5,374 122,985 SH   SOLE   122,985 0 0
Spectral Medical Inc. COM 847574100 6 20,000 SH   SOLE   20,000 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 2,800 26,870 SH   SOLE   26,870 0 0
Thermon Group Holdings, Inc. COM 88362T103 1,376 56,863 SH   SOLE   56,863 0 0
Toronto Dominion Bank COM 891160509 6,834 143,030 SH   SOLE   143,030 0 0
US Physical Therapy Inc. COM 90337L108 3,852 91,791 SH   SOLE   91,791 0 0
Xylem, Inc. COM 98419M100 3,246 85,275 SH   SOLE   85,275 0 0
Yandex NV COM N97284108 813 45,240 SH   SOLE   45,240 0 0