Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
MMM	3M COMPANY	364,150	$39.82M	2.1%	$61.26	0.0%	COM	88579Y101
—	TERRA NITROGEN CO LP	175,100	$37.47M	2.0%	$213.99	—	UNT	881005201
—	DUPONT	699,260	$36.71M	2.0%	$52.50	—	COM	263534109
PEP	PEPSICO	443,837	$36.3M	1.9%	$56.00	0.0%	COM	713448108
DIS	WALT DISNEY	569,890	$35.99M	1.9%	$56.11	0.0%	COM	254687106
EMR	EMERSON ELECTRIC	655,597	$35.76M	1.9%	$40.02	0.0%	COM	291011104
CL	COLGATE PALMOLIVE	622,402	$35.66M	1.9%	$44.38	0.0%	COM	194162103
TDY	TELEDYNE TECHNOLOGIES	431,080	$33.34M	1.8%	$76.20	0.0%	COM	879360105
—	DRESSER-RAND GROUP	545,160	$32.7M	1.8%	$59.98	—	COM	261608103
GILD	GILEAD SCIENCES	630,365	$32.32M	1.7%	$36.21	0.0%	COM	375558103
CHD	CHURCH AND DWIGHT	511,950	$31.59M	1.7%	$26.18	0.0%	COM	171340102
—	DUN & BRADSTREET	321,910	$31.37M	1.7%	$97.45	—	COM	26483E100
IBM	IBM	156,170	$29.85M	1.6%	$118.94	0.0%	COM	459200101
UNP	UNION PACIFIC	192,101	$29.64M	1.6%	$57.06	0.0%	COM	907818108
IP	INT'L PAPER	650,490	$28.82M	1.5%	$25.91	0.0%	COM	460146103
BNS	BANK OF NOVA SCOTIA ADR	536,969	$28.75M	1.5%	$30.35	0.0%	COM	064149107
CNI	CANADIAN NATIONAL RAILWAY ADR	294,984	$28.69M	1.5%	$39.40	0.0%	COM	136375102
JNJ	JOHNSON & JOHNSON	332,545	$28.55M	1.5%	$59.66	0.0%	COM	478160104
—	NOVARTIS AG ADS	396,475	$28.04M	1.5%	$70.71	—	COM	66987v109
ABBNY	ABB LTD ADR	1,291,970	$27.98M	1.5%	$21.66	—	COM	000375204
—	KINDER MORGAN ENERGY LP	321,900	$27.49M	1.5%	$85.40	—	MLP	494550106
MKC	MCCORMICK & CO	385,470	$27.12M	1.5%	$28.19	0.0%	COM	579780206
IFF	INTL FLAVORS& FRAGRANCES	360,710	$27.11M	1.5%	$58.18	0.0%	COM	459506101
—	BUNGE LTD ADR	371,627	$26.3M	1.4%	$70.77	—	COM	G16962105
—	GENERAL ELECTRIC	1,124,627	$26.08M	1.4%	$23.19	—	COM	369604103
—	C.R. BARD	238,845	$25.96M	1.4%	$108.68	—	COM	067383109
PG	PROCTER & GAMBLE	335,667	$25.84M	1.4%	$55.00	0.0%	COM	742718109
LEG	LEGGETT & PLATT	808,010	$25.12M	1.3%	$32.56	0.0%	COM	524660107
HON	HONEYWELL INT'L	309,614	$24.57M	1.3%	$53.13	0.0%	COM	438516106
GLW	CORNING	1,721,915	$24.5M	1.3%	$10.49	0.0%	COM	219350105
—	EXXON MOBIL	269,946	$24.39M	1.3%	$90.35	—	COM	30231g102
—	PENTAIR	413,050	$23.83M	1.3%	$57.69	—	COM	H6169Q108
ROK	ROCKWELL AUTOMATION	279,130	$23.21M	1.2%	$67.20	0.0%	COM	773903109
NEE	NEXTERA ENERGY	284,510	$23.18M	1.2%	$14.15	0.0%	COM	65339F101
FMC	FMC CORP	377,555	$23.05M	1.2%	$40.72	0.0%	COM	302491303
FLR	FLUOR	385,865	$22.89M	1.2%	$53.56	0.0%	COM	343412102
—	MTS SYSTEMS	400,000	$22.64M	1.2%	$56.60	—	COM	553777103
KMB	KIMBERLY-CLARK	229,282	$22.27M	1.2%	$63.06	0.0%	COM	494368103
—	DISCOVERY COMMUNICATIONS	288,000	$22.25M	1.2%	$77.24	—	COM	25470F104
CAT	CATERPILLAR	262,275	$21.64M	1.2%	$61.55	0.0%	COM	149123101
—	S K TELECOM LTD ADR	1,049,750	$21.34M	1.1%	$20.33	—	COM	78440p108
MET	METLIFE	456,290	$20.88M	1.1%	$24.43	0.0%	COM	59156R108
DE	DEERE AND CO	256,071	$20.81M	1.1%	$68.04	0.0%	COM	244199105
—	WALGREEN	454,385	$20.08M	1.1%	$44.20	—	COM	931422109
ADP	AUTOMATIC DATA PROCESSING	291,380	$20.06M	1.1%	$45.09	0.0%	COM	053015103
RYN	RAYONIER	361,650	$20.03M	1.1%	$55.39	—	COM	754907103
T	AT&T	565,525	$20.02M	1.1%	$11.40	0.0%	COM	00206R102
—	CERNER	207,800	$19.97M	1.1%	$96.09	—	COM	156782104
—	MANULIFE FINL CORP ADR	1,214,975	$19.46M	1.0%	$16.02	—	COM	56510r106
BHP	BHP BILLITON LTD ADR	337,367	$19.45M	1.0%	$57.66	—	COM	088606108
—	BROOKFIELD INFRASTRUCTURE PART	524,410	$19.15M	1.0%	$36.52	—	UNT	g16252101
DCI	DONALDSON	535,000	$19.08M	1.0%	$29.49	0.0%	COM	257651109
BDC	BELDEN	360,000	$17.98M	1.0%	$48.78	0.0%	COM	077454106
TXN	TEXAS INSTRUMENTS	514,230	$17.92M	1.0%	$25.31	0.0%	COM	882508104
—	GLAXOSMITHKLINE PLC ADR	333,025	$16.64M	0.9%	$49.97	—	COM	37733w105
NSRGY	NESTLE SA ADR	246,490	$16.21M	0.9%	$65.78	—	COM	641069406
WLY	JOHN WILEY & SONS	403,450	$16.17M	0.9%	$27.09	0.0%	COM	968223206
—	HEALTH CARE REIT	231,020	$15.48M	0.8%	$67.03	—	COM	42217K106
HTHIY	HITACHI LTD ADR	238,700	$15.41M	0.8%	$64.56	—	COM	433578507
AAPL	APPLE INC	38,585	$15.3M	0.8%	$13.16	0.0%	COM	037833100
CNQ	CANADIAN NATURAL RESOURCES ADR	540,610	$15.28M	0.8%	$8.76	0.0%	COM	136385101
FDX	FEDEX CORPORATION	153,827	$15.16M	0.8%	$81.95	0.0%	COM	31428X106
—	TRANSCANADA CORP ADR	351,320	$15.14M	0.8%	$43.11	—	COM	89353D107
SPH	SUBURBAN PROPANE PARTNERS LP	325,150	$15.1M	0.8%	$46.45	—	MLP	864482104
BASFY	BASF ADR	168,600	$15.09M	0.8%	$89.49	—	COM	055262505
A	AGILENT TECHNOLOGIES	352,140	$15.06M	0.8%	$27.97	0.0%	COM	00846U101
ERIC	LM ERICSSON TELEPHONE ADR	1,314,500	$14.83M	0.8%	$11.28	—	COM	294821608
KO	COCA-COLA	364,160	$14.61M	0.8%	$27.85	0.0%	COM	191216100
—	JDS UNIPHASE	1,000,000	$14.39M	0.8%	$14.39	—	COM	46612J507
OMC	OMNICOM GROUP	225,000	$14.15M	0.8%	$40.69	0.0%	COM	681919106
—	TEEKAY LNG PARTNERS LP	307,815	$13.45M	0.7%	$43.70	—	UNT	Y8564M105
—	PALL	200,900	$13.35M	0.7%	$66.43	—	COM	696429307
CSCO	CISCO SYSTEMS	546,030	$13.29M	0.7%	$15.24	0.0%	COM	17275R102
—	WESTPAC BANKING ADR	100,400	$13.24M	0.7%	$131.89	—	COM	961214301
GBX	THE GREENBRIER COMPANIES	541,570	$13.2M	0.7%	$17.07	0.0%	COM	393657101
BCE	B C E	321,544	$13.19M	0.7%	$22.29	0.0%	COM	05534B760
QCOM	QUALCOMM	215,025	$13.14M	0.7%	$45.06	0.0%	COM	747525103
—	UNILEVER N V - NEW YORK SHS AD	327,800	$12.89M	0.7%	$39.31	—	COM	904784709
XYL	XYLEM	441,660	$11.9M	0.6%	$23.44	0.0%	COM	98419M100
SAP	SAP AG ADR	160,000	$11.65M	0.6%	$72.83	—	COM	803054204
—	UNILEVER PLC ADR	240,965	$9.747M	0.5%	$40.45	—	COM	904767704
—	BP PRUDHOE BAY ROYALTY TRUST	100,000	$9.627M	0.5%	$96.27	—	UNT	055630107
—	ROYAL DUTCH SHELL PLC ADR A	126,478	$8.069M	0.4%	$63.80	—	COM	780259206
ARLP	ALLIANCE RESOURCE PARTNERS LP	70,000	$4.944M	0.3%	$70.63	—	MLP	01877R108
—	SEASPAN CORP - HK	200,000	$4.15M	0.2%	$20.75	—	COM	Y75638109
F	FORD MOTOR	265,245	$4.103M	0.2%	$7.61	0.0%	COM	345370860
—	PLUM CREEK TIMBER	86,065	$4.017M	0.2%	$46.67	—	COM	729251108
—	SAIC INC	277,965	$3.872M	0.2%	$13.93	—	COM	78390X101
—	EMC CORP	157,005	$3.708M	0.2%	$23.62	—	COM	268648102
EFX	EQUIFAX	45,778	$2.698M	0.1%	$53.06	0.0%	COM	294429105
BAYRY	BAYER ADR	24,720	$2.637M	0.1%	$106.67	—	COM	072730302
—	KRAFT FOODS GROUP	45,108	$2.52M	0.1%	$55.87	—	COM	50076Q106
PFE	PFIZER	83,145	$2.329M	0.1%	$16.46	0.0%	COM	717081103
—	UNITED TECHNOLOGIES	22,210	$2.064M	0.1%	$92.93	—	COM	913017109
—	CANADIAN PACIFIC RAILWAY LTD	12,305	$1.494M	0.1%	$121.41	—	COM	13645T100
RY	ROYAL BANK CANADA MONTREAL	24,222	$1.412M	0.1%	$59.71	0.0%	COM	780087102
MCD	MCDONALD'S	14,150	$1.401M	0.1%	$71.80	0.0%	COM	580135101
PH	PARKER-HANNIFIN	12,937	$1.234M	0.1%	$75.97	0.0%	COM	701094104
NSC	NORFOLK SOUTHERN	14,925	$1.084M	0.1%	$57.67	0.0%	COM	655844108
BMY	BRISTOL-MYERS SQUIBB	23,155	$1.035M	0.1%	$28.67	0.0%	COM	110122108
—	DUKE ENERGY CORP NEW	13,727	$927K	0.0%	$67.53	—	COM	264399106
MSFT	MICROSOFT	24,875	$859K	0.0%	$26.70	0.0%	COM	594918104
—	BB&T	25,210	$854K	0.0%	$33.88	—	COM	054937107
FCX	FREEPORT MCMORAN COPPER	25,450	$703K	0.0%	$24.45	0.0%	COM	35671D857
—	MCGRAW-HILL FINANCIAL	13,175	$701K	0.0%	$53.21	—	COM	580645109
—	ANADARKO PETROLEUM	7,500	$644K	0.0%	$85.87	—	COM	032511107
CPB	CAMPBELL SOUP	11,300	$506K	0.0%	$30.86	0.0%	COM	134429109
—	PIEDMONT NATURAL GAS	12,200	$412K	0.0%	$33.77	—	COM	720186105
—	SUNEDISON	50,000	$408K	0.0%	$8.16	—	COM	86732Y109
RIO	RIO TINTO PLC SPON ADR	9,100	$374K	0.0%	$41.10	—	COM	767204100
—	TECHNIP ADR	8,350	$212K	0.0%	$25.39	—	COM	878546209
—	NUVERRA ENVIRONMENTAL SOLUTION	20,000	$58,000	0.0%	$2.90	—	COM	67091K104