Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
—	ANADARKO PETROLEUM	211,893	$19.7M	4.1%	$86.91	—	COMMON	032511107
COST	COSTCO WHOLESALE	170,267	$19.61M	4.1%	$87.51	+4.7%	COMMON	22160K105
HON	HONEYWELL INTERNATIONAL INC.	216,108	$17.95M	3.7%	$53.95	+6.5%	COMMON	438516106
IBM	INTL BUSINESS MACHINES	90,580	$16.77M	3.5%	$117.46	-5.0%	COMMON	459200101
VZ	VERIZON COMMUNICATIONS	356,015	$16.62M	3.4%	$26.90	-2.9%	COMMON	92343V104
DUK	DUKE ENERGY CORP	247,070	$16.5M	3.4%	$41.48	-1.6%	COMMON	26441C204
MMM	3M COMPANY	130,686	$15.61M	3.2%	$62.12	+6.2%	COMMON	88579Y101
JNJ	JOHNSON & JOHNSON	178,856	$15.51M	3.2%	$60.32	+5.3%	COMMON	478160104
DIS	WALT DISNEY	237,938	$15.34M	3.2%	$56.28	+1.2%	COMMON	254687106
EMR	EMERSON ELECTRIC	217,267	$14.06M	2.9%	$40.65	+7.8%	COMMON	291011104
SLB	SCHLUMBERGER LIMITED	147,074	$12.99M	2.7%	$54.04	+9.1%	COMMON	806857108
PG	PROCTER & GAMBLE	162,244	$12.26M	2.5%	$55.18	+1.9%	COMMON	742718109
AWK	AMERICAN WATER WORKS	287,565	$11.87M	2.5%	$31.89	+0.7%	COMMON	030420103
SO	SOUTHERN	274,598	$11.31M	2.3%	$26.63	-4.9%	COMMON	842587107
NSRGY	NESTLE SA REP RG SH ADR	162,455	$11.31M	2.3%	$65.94	—	COMMON	641069406
—	CRESCENT POINT ENERGY CORP	287,023	$10.9M	2.3%	$34.73	—	COMMON	22576C101
AAPL	APPLE COMPUTER INC	20,968	$9.997M	2.1%	$13.22	+8.0%	COMMON	037833100
DVN	DEVON ENERGY CORPORATION	171,169	$9.887M	2.0%	$37.19	+2.4%	COMMON	25179M103
—	UNILEVER N.V. NY SHRS	259,698	$9.796M	2.0%	$38.99	—	COMMON	904784709
—	UNITED TECHNOLOGIES	88,688	$9.562M	2.0%	$94.46	—	COMMON	913017109
CVX	CHEVRON CORP.	77,436	$9.408M	2.0%	$71.44	+2.3%	COMMON	166764100
CAT	CATERPILLAR	111,090	$9.265M	1.9%	$61.57	+0.1%	COMMON	149123101
QCOM	QUALCOMM	136,835	$9.212M	1.9%	$45.10	+3.2%	COMMON	747525103
—	BUCKEYE PARTNERS LP	128,711	$8.434M	1.7%	$69.47	—	COMMON	118230101
ABBV	ABBVIE INC	182,912	$8.182M	1.7%	$26.55	+2.3%	COMMON	00287Y109
—	GOOGLE INC-CL A	9,231	$8.085M	1.7%	$878.58	—	COMMON	38259P508
—	GOLDCORP	307,303	$7.993M	1.7%	$24.92	—	COMMON	380956409
—	WESTAR ENERGY INC.	254,850	$7.811M	1.6%	$31.67	—	COMMON	95709T100
EOG	EOG RESOURCES INC	41,795	$7.075M	1.5%	$46.84	+20.4%	COMMON	26875P101
—	KINDER MORGAN ENERGY PRTNRS L.P.	86,545	$6.909M	1.4%	$85.04	—	COMMON	494550106
—	GENERAL ELECTRIC	280,797	$6.708M	1.4%	$23.19	—	COMMON	369604103
—	BARRICK GOLD	351,951	$6.553M	1.4%	$16.09	—	COMMON	067901108
—	CHICAGO BRIDGE & IRON CO NV	95,440	$6.468M	1.3%	$62.58	—	COMMON	167250109
ABT	ABBOTT LABORATORIES	182,579	$6.06M	1.3%	$28.83	-3.9%	COMMON	002824100
WMT	WAL-MART STORES	81,325	$6.015M	1.2%	$19.98	-1.0%	COMMON	931142103
NFG	NATIONAL FUEL GAS CO	84,650	$5.821M	1.2%	$62.14	+4.7%	COMMON	636180101
AEM	AGNICO-EAGLE MINES LTD	210,284	$5.566M	1.2%	$25.04	-7.9%	COMMON	008474108
RRC	RANGE RESOURCES CORP	70,400	$5.343M	1.1%	$76.33	+2.3%	COMMON	75281A109
KMB	KIMBERLY CLARK	51,795	$4.88M	1.0%	$62.22	-1.8%	COMMON	494368103
MRK	MERCK	99,044	$4.715M	1.0%	$30.02	+3.2%	COMMON	58933Y105
—	ENCANA CORP.	251,422	$4.357M	0.9%	$17.02	—	COMMON	292505104
TMO	THERMO FISHER SCIENTIFIC	43,745	$4.032M	0.8%	$80.69	+7.6%	COMMON	883556102
BA	BOEING	33,326	$3.915M	0.8%	$88.05	+4.0%	COMMON	097023105
—	RAYTHEON	48,446	$3.734M	0.8%	$72.84	—	COMMON	755111507
T	A T & T INC.	92,923	$3.143M	0.7%	$11.25	-2.6%	COMMON	00206R102
KGC	KINROSS GOLD CORP.	534,715	$2.7M	0.6%	$5.77	-8.3%	COMMON	496902404
PAA	PLAINS ALL AMER PIPELINE	50,774	$2.673M	0.6%	$55.11	—	COMMON	726503105
—	MAGELLAN MIDSTREAM PARTNERS, LP.	40,389	$2.279M	0.5%	$55.21	—	COMMON	559080106
XOM	EXXON MOBIL	25,236	$2.171M	0.5%	$53.69	+0.9%	COMMON	30231G102
RIG	TRANSOCEAN LTD	46,939	$2.089M	0.4%	$49.60	-4.7%	COMMON	H8817H100
—	PLUM CREEK TIMBER CO	36,976	$1.732M	0.4%	$46.84	—	COMMON	729251108
RYN	RAYONIER	26,744	$1.488M	0.3%	$55.64	—	COMMON	754907103
SIEGY	SIEMENS AG-SPONS ADR	10,600	$1.277M	0.3%	$120.47	—	COMMON	826197501
PBR	PETROLEO BRASILEIRO S.A.-ADR	81,950	$1.269M	0.3%	$14.53	—	COMMON	71654V408
NOC	NORTHROP GRUMMAN	12,718	$1.212M	0.3%	$62.64	+19.5%	COMMON	666807102
HAL	HALLIBURTON	24,457	$1.178M	0.2%	$33.21	+12.4%	COMMON	406216101
KO	COCA COLA	27,978	$1.06M	0.2%	$27.85	-3.9%	COMMON	191216100
BRK/A	BERKSHIRE HATHAWAY - CL A	6	$1.022M	0.2%	$165023.42	+4.8%	COMMON	084670108
BAC	BANK OF AMERICA CORP	69,142	$954K	0.2%	$10.03	+12.0%	COMMON	060505104
NEM	NEWMONT MINING	30,560	$859K	0.2%	$25.34	-10.8%	COMMON	651639106
—	COVIDIEN	13,663	$833K	0.2%	$62.87	—	COMMON	G2554F113
AXP	AMERICAN EXPRESS	10,701	$808K	0.2%	$59.68	+6.0%	COMMON	025816109
EPD	ENTERPRISE PRODUCT PARTNERS L.P.	13,088	$799K	0.2%	$62.10	—	COMMON	293792107
—	SOVRAN SELF STORAGE INC	10,352	$783K	0.2%	$75.64	—	COMMON	84610H108
NEE	NEXTERA ENERGY, INC.	9,730	$780K	0.2%	$14.34	+3.6%	COMMON	65339F101
KMPR	KEMPER	23,160	$778K	0.2%	$32.74	+6.6%	COMMON	488401100
PCH	POTLATCH CORP.	19,354	$768K	0.2%	$39.68	—	COMMON	737630103
—	ENERGY TRANSFER PARTNERS LP	13,150	$685K	0.1%	$50.57	—	COMMON	29273R109
—	NATIONAL OILWELL VARCO	8,635	$674K	0.1%	$73.76	—	COMMON	637071101
VALE	VALE SA-SP ADR	42,764	$668K	0.1%	$15.62	—	COMMON	91912E105
—	ENBRIDGE ENERGY PARTNERS LP	19,880	$605K	0.1%	$30.51	—	COMMON	29250R106
BRK/B	BERKSHIRE HATHAWAY CLASS B	4,849	$550K	0.1%	$110.02	+4.9%	COMMON	084670702
—	CAN REAL ESTATE INVEST TRUST	13,132	$517K	0.1%	$39.37	—	COMMON	13650J104
VTR	VENTAS INC	7,756	$477K	0.1%	$42.87	0.0%	COMMON	92276F100
—	INTEGRYS ENERGY GROUP INC	8,461	$473K	0.1%	$58.50	—	COMMON	45822P105
—	ALLERGAN	5,000	$452K	0.1%	$86.76	—	COMMON	001849010
PEP	PEPSICO	5,620	$447K	0.1%	$56.00	+1.4%	COMMON	713448108
—	CELGENE	2,800	$432K	0.1%	$118.37	—	COMMON	151020104
—	AQUA AMERICA INC.	17,206	$426K	0.1%	$29.12	—	COMMON	03836W103
—	H&R REAL ESTATE INV-REIT UTS	20,375	$413K	0.1%	$20.27	—	COMMON	404428203
SRE	SEMPRA ENERGY	4,555	$390K	0.1%	$27.60	+5.1%	COMMON	816851109
—	SENIOR HOUSING PROP TRUST	16,516	$385K	0.1%	$23.31	—	COMMON	81721M109
MSFT	MICROSOFT	11,530	$384K	0.1%	$26.70	+1.1%	COMMON	594918104
AMGN	AMGEN INC	3,414	$382K	0.1%	$73.34	+5.0%	COMMON	031162100
OXY	OCCIDENTAL PETROLEUM	3,945	$369K	0.1%	$57.83	+2.4%	COMMON	674599105
CMI	CUMMINS	2,751	$366K	0.1%	$83.59	+6.6%	COMMON	231021106
BIDU	BAIDU INC - SPON ADR	2,265	$351K	0.1%	$154.97	—	COMMON	056752108
—	APACHE	4,125	$351K	0.1%	$83.88	—	COMMON	037411105
COP	CONOCOPHILLIPS	4,911	$341K	0.1%	$39.96	+11.3%	COMMON	20825C104
—	ALLEGHENY TECH	11,146	$340K	0.1%	$26.29	—	COMMON	001741R10
MCY	MERCURY GENERAL	6,750	$326K	0.1%	$42.98	+5.1%	COMMON	589400100
PFE	PFIZER	10,674	$307K	0.1%	$16.46	-0.6%	COMMON	717081103
WFC	WELLS FARGO & CO.	6,893	$285K	0.1%	$27.36	+10.3%	COMMON	949746101
CW	CURTISS-WRIGHT	6,016	$283K	0.1%	$32.35	+23.0%	COMMON	231561101
—	TELEDYNE	3,184	$270K	0.1%	$77.26	—	COMMON	087936010
BP	BP PLC ADR - SPONS ADR	6,258	$263K	0.1%	$41.71	—	COMMON	055622104
WMMVY	WAL-MART DE MEXICO SA ADR	9,600	$252K	0.1%	$28.02	—	COMMON	93114W107
AMZN	AMAZON.COM	800	$250K	0.1%	$14.90	0.0%	COMMON	023135106
ECL	ECOLAB	2,500	$247K	0.1%	$73.48	+10.5%	COMMON	278865100
BIIB	BIOGEN IDEC	1,023	$246K	0.1%	$213.68	+4.7%	COMMON	09062X103
—	CENTRAL GOLDTRUST	5,280	$244K	0.1%	$44.13	—	COMMON	153546106
—	SOUTHERN CAL ED PFD E	10,667	$243K	0.1%	$24.19	—	PREFERRED	842400509
—	NEWFIELD EXPLORATION	8,700	$238K	0.0%	$27.36	—	COMMON	651290108
SJM	JM SMUCKER	2,227	$234K	0.0%	$70.84	+6.9%	COMMON	832696405
—	DU PONT (E.I.) DE NEMOURS	4,000	$234K	0.0%	$58.50	—	COMMON	263534109
SNY	SANOFI-AVENTIS-ADR	4,410	$223K	0.0%	$51.47	—	COMMON	80105N105
LMT	LOCKHEED MARTIN	1,740	$222K	0.0%	$86.03	0.0%	COMMON	539830109
COR	AMERISOURCEBERGEN	3,596	$220K	0.0%	$38.92	+8.2%	COMMON	03073E105
HD	HOME DEPOT INC.	2,800	$212K	0.0%	$56.18	+3.0%	COMMON	437076102
—	NESTLE SA-REGISTERED CHF	3,000	$210K	0.0%	$65.50	—	COMMON	000213768
—	IMMUNOCELLULAR THERAPEUTICS	28,000	$72,000	0.0%	$1.93	—	COMMON	452536105
—	SPORT CHALET INC-CLASS A	49,152	$54,000	0.0%	$1.24	—	COMMON	849163209
—	STAR SCIENTIFIC INC	12,200	$23,000	0.0%	$1.39	—	COMMON	85517P101
—	ROCK ENERGY RESOURCES INC	208,276	$1,000	0.0%	$0.01	—	COMMON	77208P102
—	PFF BANCORP INC	13,610	$0	0.0%	—	—	COMMON	69331W104