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 10,089 158,750 SH   SOLE   158,750 0 0
BAYTEX ENERGY CORP COM 07317Q105 1,615 32,800 SH   SOLE   32,800 0 0
BUCKEYE PARTNERS L P UNIT LTD PARTN 118230101 5,102 61,431 SH   SOLE   61,431 0 0
CANADIAN NATL RY CO COM 136375102 5,337 76,900 SH   SOLE   76,900 0 0
CANADIAN PAC RYLTD COM 13645T100 503 20,800 SH   SOLE   20,800 0 0
CENOVUS ENERGY INC COM 15135U109 5,964 30,850 SH   SOLE   30,850 0 0
CRESCENT PT ENERGY CORP COM 22576C101 1,733 50,100 SH   SOLE   50,100 0 0
CRESTWOOD EQUITY PARTNERS LP UNIT LTD PARTNER 226344109 830 55,787 SH   SOLE   55,787 0 0
DCP MIDSTREAM PARTNERS LP COM UT LTD PTN 23311P100 8,388 147,160 SH   SOLE   147,160 0 0
EL PASO PIPELINE PARTNERS L COM UNIT LPI 283702108 7,648 211,100 SH   SOLE   211,100 0 0
ENBRIDGE ENERGY MANAGEMENT L SHS UNITS LLI 29250X103 3,567 101,189 SH   SOLE   101,189 0 0
ENBRIDGE ENERGY PARTNERS L P COM 29250R106 8,498 230,100 SH   SOLE   230,100 0 0
ENBRIDGE INC COM 29250N105 1,594 33,700 SH   SOLE   33,700 0 0
ENERGY TRANSFER EQUITY L P COM UT LTD PTN 29273V100 17,036 289,040 SH   SOLE   289,040 0 0
ENERGY TRANSFER PRTNRS L P UNIT LTD PARTN 29273R109 2,493 43,000 SH   SOLE   43,000 0 0
ENTERPRISE PRODS PARTNERS L COM 293792107 37,142 474,410 SH   SOLE   474,410 0 0
GRANITE REAL ESTATE INVT TR UNIT 99/99/9999 387437114 3,802 111,700 SH   SOLE   111,700 0 0
KINDER MORGAN ENERGY PARTNER UT LTD PARTNER 494550106 2,645 32,169 SH   SOLE   32,169 0 0
KINDER MORGAN MANAGEMENT LLC SHS 49455U100 3,033 45,078 SH   SOLE   45,078 0 0
MAGELLAN MIDSTREAM PRTNRSLP COM UNIT RP LP 559080106 24,446 290,880 SH   SOLE   290,880 0 0
MARKWEST ENERGY PARTNERS L P UNIT LTD PARTN 570759100 10,932 152,720 SH   SOLE   152,720 0 0
MPLX LP COM UNIT REP LTD 55336V100 6,000 93,030 SH   SOLE   93,030 0 0
NUSTAR ENERGY LP UNIT COM 67058H102 415 6,700 SH   SOLE   6,700 0 0
NUSTAR GP HOLDINGS LLC UNIT RESTG LLC 67059L102 3,629 92,800 SH   SOLE   92,800 0 0
ONEOK INC NEW COM 682680103 490 7,200 SH   SOLE   7,200 0 0
ONEOK PARTNERS LP UNIT LTD PARTN 68268N103 5,101 87,040 SH   SOLE   87,040 0 0
PEMBINA PIPELINE CORP COM 706327103 5,802 126,387 SH   SOLE   126,387 0 0
PLAINS ALL AMERN PIPELINE L UNIT LTD PARTN 726503105 16,826 280,200 SH   SOLE   280,200 0 0
PLAINS GP HLDGSL P SHSA REP LTPN 72651A108 2,268 70,900 SH   SOLE   70,900 0 0
SPECTRA ENERGY PARTNERS LP COM 84756N109 4,591 86,060 SH   SOLE   86,060 0 0
SUNCOR ENERGY INC NEW COM 867224107 2,139 47,000 SH   SOLE   47,000 0 0
SUNOCO LOGISTICS PRTNRSL P COM UNITS 86764L108 10,317 219,000 SH   SOLE   219,000 0 0
TARGA RES CORP COM 87612G101 3,466 24,830 SH   SOLE   24,830 0 0
TARGA RESOURCES PARTNERS LP COM UNIT 87611X105 11,287 156,940 SH   SOLE   156,940 0 0
TRANSCANADA CORP COM 89353D107 1,482 29,100 SH   SOLE   29,100 0 0
WESTERN GAS EQUITY PARTNERS COMUNT LTD PT 95825R103 439 7,000 SH   SOLE   7,000 0 0
WESTERN GAS PARTNERS LP COM UNIT LP IN 958254104 10,562 138,100 SH   SOLE   138,100 0 0
WILLIAMS COS INC DEL COM 969457100 844 14,500 SH   SOLE   14,500 0 0
WILLIAMS PARTNERS L P COM UNIT L P 96950F104 3,883 71,520 SH   SOLE   71,520 0 0