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 7,590 134,150 SH   SOLE   134,150 0 0
BAYTEX ENERGY CORP COM 07317Q105 1,241 29,800 SH   SOLE   29,800 0 0
BUCKEYE PARTNERS L P UNIT LTD PARTN 118230101 4,362 61,431 SH   SOLE   61,431 0 0
CANADIAN NATL RY CO COM 136375102 4,657 76,900 SH   SOLE   76,900 0 0
CANADIAN PAC RY LTD COM 13645T100 4,956 30,850 SH   SOLE   30,850 0 0
CENOVUS ENERGY INC COM 15135U109 1,930 63,500 SH   SOLE   63,500 0 0
CRESTWOOD EQUITY PARTNERS LP UNIT LTD PARTNER 226344109 772 55,787 SH   SOLE   55,787 0 0
DCP MIDSTREAM PARTNERS LP COM UT LTD PTN 23311P100 6,564 130,360 SH   SOLE   130,360 0 0
EL PASO PIPELINE PARTNERS L COM UNIT LPI 283702108 7,870 218,620 SH   SOLE   218,620 0 0
ENBRIDGE ENERGY MANAGEMENT L SHS UNITS LLI 29250X103 2,795 97,441 SH   SOLE   97,441 0 0
ENBRIDGE ENERGY PARTNERS L P COM 29250R106 5,448 182,400 SH   SOLE   182,400 0 0
ENBRIDGE INC COM 29250N105 4,553 98,100 SH   SOLE   98,100 0 0
ENERGY TRANSFER EQUITY L P COM UT LTD PTN 29273V100 11,813 144,520 SH   SOLE   144,520 0 0
ENERGY TRANSFER PRTNRS L P UNIT LTD PARTN 29273R109 2,462 43,000 SH   SOLE   43,000 0 0
ENTERPRISE PRODS PARTNERS L COM 293792107 30,963 467,010 SH   SOLE   467,010 0 0
GRANITE REAL ESTATE INVT TR UNIT 99/99/9999 387437114 568 14,700 SH   SOLE   14,700 0 0
KINDER MORGAN ENERGY PARTNER UT LTD PARTNER 494550106 2,595 32,169 SH   SOLE   32,169 0 0
KINDER MORGAN MANAGEMENT LLC SHS 49455U100 2,819 37,259 SH   SOLE   37,259 0 0
MAGELLAN MIDSTREAM PRTNRS LP COM UNIT RP LP 559080106 18,404 290,880 SH   SOLE   290,880 0 0
MARKWEST ENERGY PARTNERS L P UNIT LTD PARTN 570759100 9,504 143,720 SH   SOLE   143,720 0 0
MPLX LP COM UNIT REP LTD 55336V100 3,832 86,030 SH   SOLE   86,030 0 0
NUSTAR ENERGY LP UNIT COM 67058H102 342 6,700 SH   SOLE   6,700 0 0
NUSTAR GP HOLDINGS LLC UNIT RESTG LLC 67059L102 2,607 92,800 SH   SOLE   92,800 0 0
ONEOK INC NEW COM 682680103 379 6,100 SH   SOLE   6,100 0 0
ONEOK PARTNERS LP UNIT LTD PARTN 68268N103 4,477 85,040 SH   SOLE   85,040 0 0
PEMBINA PIPELINE CORP COM 706327103 4,729 126,387 SH   SOLE   126,387 0 0
PLAINS ALL AMERN PIPELINE L UNIT LTD PARTN 726503105 14,175 273,800 SH   SOLE   273,800 0 0
PLAINS GP HLDGS L P SHS A REP LTPN 72651A108 402 15,000 SH   SOLE   15,000 0 0
SPECTRA ENERGY PARTNERS LP COM 84756N109 3,721 82,060 SH   SOLE   82,060 0 0
SUNCOR ENERGY INC NEW COM 867224107 1,750 47,000 SH   SOLE   47,000 0 0
SUNOCO LOGISTICS PRTNRS L P COM UNITS 86764L108 8,265 109,500 SH   SOLE   109,500 0 0
TARGA RES CORP COM 87612G101 2,189 24,830 SH   SOLE   24,830 0 0
TARGA RESOURCES PARTNERS LP COM UNIT 87611X105 8,208 156,940 SH   SOLE   156,940 0 0
TRANSCANADA CORP COM 89353D107 1,413 29,100 SH   SOLE   29,100 0 0
WESTERN GAS PARTNERS LP COM UNIT LP IN 958254104 7,952 128,900 SH   SOLE   128,900 0 0
WILLIAMS COS INC DEL COM 969457100 405 10,500 SH   SOLE   10,500 0 0
WILLIAMS PARTNERS L P COM UNIT L P 96950F104 3,638 71,520 SH   SOLE   71,520 0 0