Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
—	HOSPITALITY PPTYS TR	1,269,027	$40.28M	16.5%	$31.12	—	—	44106M102
CSX	CSX CORP	734,253	$26.38M	10.8%	$9.39	+5.3%	—	126408103
O	REALTY INCOME CORP	398,289	$22.89M	9.4%	$27.24	+33.4%	—	756109104
GATX	GATX CORP	301,615	$18.57M	7.6%	$45.70	-7.1%	—	361448103
USB	US BANCORP DEL	300,029	$15.41M	6.3%	$29.16	+15.8%	—	902973304
GBX	GREENBRIER COS INC	269,007	$11.18M	4.6%	$41.66	-31.2%	—	393657101
—	VEREIT INC	1,152,749	$9.752M	4.0%	$8.01	—	—	92339V100
JPM	JPMORGAN CHASE & CO	95,350	$8.228M	3.4%	$44.70	+34.0%	—	46625H100
CAT	CATERPILLAR INC DEL	88,581	$8.215M	3.4%	$72.87	+1.2%	—	149123101
R	RYDER SYS INC	105,465	$7.851M	3.2%	$89.24	-17.4%	—	783549108
NRG	NRG ENERGY INC	638,260	$7.825M	3.2%	$19.84	-52.3%	—	629377508
—	LEXINGTON REALTY TRUST	663,600	$7.167M	2.9%	$8.19	—	—	529043101
—	GENERAL ELECTRIC CO	212,492	$6.715M	2.7%	$25.24	—	—	369604103
—	EMPIRE DIST ELEC CO	181,367	$6.183M	2.5%	$29.74	—	—	291641108
COP	CONOCOPHILLIPS	107,615	$5.396M	2.2%	$39.12	-11.1%	—	20825C104
T	AT&T INC	92,434	$3.931M	1.6%	$14.19	+8.9%	—	00206R102
—	GREAT PLAINS ENERGY INC	128,487	$3.514M	1.4%	$28.36	—	—	391164100
FCX	FREEPORT-MCMORAN INC	263,692	$3.478M	1.4%	$17.69	-34.4%	—	35671D857
—	ROYAL DUTCH SHELL PLC	60,000	$3.478M	1.4%	$57.37	—	—	780259107
PG	PROCTER AND GAMBLE CO	35,809	$3.011M	1.2%	$64.60	+3.4%	—	742718109
XOM	EXXON MOBIL CORP	31,414	$2.836M	1.2%	$58.00	+0.3%	—	30231G102
NSC	NORFOLK SOUTHERN CORP	20,800	$2.248M	0.9%	$85.81	-2.1%	—	655844108
UNP	UNION PAC CORP	20,678	$2.144M	0.9%	$89.46	-10.2%	—	907818108
—	ROYAL DUTCH SHELL PLC	33,550	$1.824M	0.7%	$66.98	—	—	780259206
BAC	BANK AMER CORP	81,486	$1.801M	0.7%	$13.44	+16.6%	—	060505104
DUK	DUKE ENERGY CORP NEW	19,040	$1.478M	0.6%	$50.97	+3.3%	—	26441C204
SO	SOUTHERN CO	24,200	$1.19M	0.5%	$29.49	+13.8%	—	842587107
JNJ	JOHNSON & JOHNSON	9,715	$1.12M	0.5%	$77.70	+15.4%	—	478160104
IP	INTL PAPER CO	20,630	$1.094M	0.4%	$22.81	+37.0%	—	460146103
EPR	EPR PPTYS	15,120	$1.085M	0.4%	$58.00	—	—	26884U109
—	REYNOLDS AMERICAN INC	15,064	$844K	0.3%	$54.81	—	—	761713106
RMR	RMR GROUP INC	20,721	$819K	0.3%	$7.12	+185.7%	—	74967R106
—	CALPINE CORP	67,303	$769K	0.3%	$22.11	—	—	131347304
ALL	ALLSTATE CORP	8,565	$635K	0.3%	$51.61	+11.3%	—	020002101
—	HANCOCK JOHN FINL OPPTYS FD	16,900	$613K	0.3%	$23.70	—	—	409735206
CVX	CHEVRON CORP NEW	3,855	$454K	0.2%	$70.45	+4.8%	—	166764100
BMY	BRISTOL MYERS SQUIBB CO	6,555	$383K	0.2%	$39.04	+1.3%	—	110122108
LUV	SOUTHWEST AIRLS CO	6,217	$310K	0.1%	$32.78	+22.5%	—	844741108
VZ	VERIZON COMMUNICATIONS INC	5,437	$290K	0.1%	$27.85	+11.2%	—	92343V104
—	DU PONT E I DE NEMOURS & CO	3,835	$282K	0.1%	$66.67	—	—	263534109
DIS	DISNEY WALT CO	2,644	$276K	0.1%	$82.29	+10.2%	—	254687106
MS	MORGAN STANLEY	6,540	$276K	0.1%	$22.85	+27.6%	—	617446448
—	DISCOVER FINL SVCS	3,739	$269K	0.1%	$53.76	—	—	254709108
WMT	WAL-MART STORES INC	3,658	$253K	0.1%	$21.91	-9.1%	—	931142103
BXP	BOSTON PROPERTIES INC	2,000	$252K	0.1%	$79.21	+6.6%	—	101121101
—	ANADARKO PETE CORP	3,360	$234K	0.1%	$63.39	—	—	032511107
IWR	ISHARES TR	1,240	$222K	0.1%	$179.03	—	—	464287499
PSX	PHILLIPS 66	2,515	$217K	0.1%	$59.08	-0.7%	—	718546104
MFC	MANULIFE FINL CORP	11,520	$205K	0.1%	$18.93	-13.9%	—	56501R106
VFC	V F CORP	3,800	$203K	0.1%	$65.70	-21.1%	—	918204108
—	CORENERGY INFRASTRUCTURE TR	5,780	$202K	0.1%	$34.95	—	—	21870U502