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
Estimated average burden
hours per response: 23.8
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
ACCESS MIDSTREAM PARTNERS L UNIT 00434L109 4,051 100,350 SH   SOLE   100,350 0 0
BAYTEX ENERGY CORP COM 07317Q105 1,269 29,800 SH   SOLE   29,800 0 0
BUCKEYE PARTNERS L P UNIT LTD PARTN 118230101 3,463 56,631 SH   SOLE   56,631 0 0
CANADIAN NATL RY CO COM 136375102 2,512 24,600 SH   SOLE   24,600 0 0
CANADIAN PAC RY LTD COM 13645T100 3,539 26,700 SH   SOLE   26,700 0 0
CENOVUS ENERGY INC COM 15135U109 1,573 50,000 SH   SOLE   50,000 0 0
COPANO ENERGY L L C COM UNITS 217202100 3,085 76,120 SH   SOLE   76,120 0 0
DCP MIDSTREAM PARTNERS LP COM UT LTD PTN 23311P100 5,530 118,660 SH   SOLE   118,660 0 0
EL PASO PIPELINE PARTNERS L COM UNIT LPI 283702108 9,348 213,120 SH   SOLE   213,120 0 0
ENBRIDGE ENERGY MANAGEMENT L SHS UNITS LLI 29250X103 1,772 58,636 SH   SOLE   58,636 0 0
ENBRIDGE ENERGY PARTNERS L P COM 29250R106 5,890 195,420 SH   SOLE   195,420 0 0
ENBRIDGE INC COM 29250N105 3,226 68,200 SH   SOLE   68,200 0 0
ENERGY TRANSFER EQUITY L P COM UT LTD PTN 29273V100 8,276 141,520 SH   SOLE   141,520 0 0
ENERGY TRANSFER PRTNRS L P UNIT LTD PARTN 29273R109 2,180 43,000 SH   SOLE   43,000 0 0
ENTERPRISE PRODS PARTNERS L COM 293792107 26,052 432,110 SH   SOLE   432,110 0 0
GRANITE REAL ESTATE INVT TR UNIT 99/99/9999 387437114 517 13,300 SH   SOLE   13,300 0 0
INERGY L P UNIT LTD PTNR 456615103 1,140 55,787 SH   SOLE   55,787 0 0
KINDER MORGAN MANAGEMENT LLC SHS 49455U100 3,049 34,706 SH   SOLE   34,706 0 0
MAGELLAN MIDSTREAM PRTNRS LP COM UNIT RP LP 559080106 15,115 282,880 SH   SOLE   282,880 0 0
MARKWEST ENERGY PARTNERS L P UNIT LTD PARTN 570759100 8,245 135,720 SH   SOLE   135,720 0 0
MPLX LP COM UNIT REP LTD 55336V100 971 25,930 SH   SOLE   25,930 0 0
NUSTAR ENERGY LP UNIT COM 67058H102 357 6,700 SH   SOLE   6,700 0 0
NUSTAR GP HOLDINGS LLC UNIT RESTG LLC 67059L102 4,511 138,780 SH   SOLE   138,780 0 0
ONEOK PARTNERS LP UNIT LTD PARTN 68268N103 4,962 86,440 SH   SOLE   86,440 0 0
PEMBINA PIPELINE CORP COM 706327103 3,380 105,287 SH   SOLE   105,287 0 0
PLAINS ALL AMERN PIPELINE L UNIT LTD PARTN 726503105 14,064 249,000 SH   SOLE   249,000 0 0
SPECTRA ENERGY PARTNERS LP COM 84756N109 3,107 78,960 SH   SOLE   78,960 0 0
SUNCOR ENERGY INC NEW COM 867224107 1,202 39,500 SH   SOLE   39,500 0 0
SUNOCO LOGISTICS PRTNRS L P COM UNITS 86764L108 5,625 86,000 SH   SOLE   86,000 0 0
TARGA RES CORP COM 87612G101 437 6,430 SH   SOLE   6,430 0 0
TARGA RESOURCES PARTNERS LP COM UNIT 87611X105 7,223 156,940 SH   SOLE   156,940 0 0
TRANSCANADA CORP COM 89353D107 829 17,100 SH   SOLE   17,100 0 0
WESTERN GAS PARTNERS LP COM UNIT LP IN 958254104 6,749 113,600 SH   SOLE   113,600 0 0
WILLIAMS PARTNERS L P COM UNIT L P 96950F104 3,705 71,520 SH   SOLE   71,520 0 0