Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
GIS	General Mills Inc.	178,683	$10.11M	2.1%	$31.98	+14.6%	COM	370334104
OMC	Omnicom Group	115,801	$9.03M	1.9%	$42.74	+24.0%	COM	681919106
HRL	Hormel Foods Corp.	151,869	$8.634M	1.8%	$15.25	+38.8%	COM	440452100
PAYX	Paychex, Inc.	172,166	$8.542M	1.8%	$26.98	+29.5%	COM	704326107
FISV	Fiserv Inc.	104,519	$8.299M	1.7%	$24.30	+56.9%	COM	337738108
PH	Parker Hannifin Corp.	67,461	$8.013M	1.7%	$80.38	+26.0%	COM	701094104
SHW	Sherwin-Williams Co.	26,702	$7.597M	1.6%	$53.48	+57.4%	COM	824348106
TD	Toronto Dominion Bank	176,343	$7.556M	1.6%	$42.73	+0.6%	COM	891160509
—	Sunoco Logistic Partners LP	182,271	$7.535M	1.6%	$58.76	—	UNIT LTD PARTN	86764L108
ADP	Automatic Data Processing Inc.	87,519	$7.495M	1.6%	$45.74	+48.4%	COM	053015103
KMI	Kinder Morgan, Inc.	176,731	$7.433M	1.5%	$22.45	+6.3%	COM	49456B101
EPD	Enterprise Products Partners L	219,266	$7.22M	1.5%	$51.75	—	UNIT LTD PARTN	293792107
EMR	Emerson Electric Co.	127,524	$7.22M	1.5%	$40.97	+6.0%	COM	291011104
PB	Prosperity Bancshares Inc.	137,432	$7.212M	1.5%	$34.71	+8.0%	COM	743606105
MCD	McDonald's Corp.	73,568	$7.168M	1.5%	$72.33	-0.2%	COM	580135101
PAA	Plains All American Pipeline L	143,033	$6.976M	1.5%	$55.68	—	UNIT LTD PARTN	726503105
AVY	Avery Dennison Corp.	131,190	$6.941M	1.4%	$35.92	+20.0%	COM	053611109
—	Buckeye Partners LP	91,008	$6.873M	1.4%	$69.96	—	UNIT LTD PARTN	118230101
AAPL	Apple Inc.	54,875	$6.828M	1.4%	$20.46	+31.2%	COM	037833100
—	Amerigas Partners LP	142,562	$6.806M	1.4%	$48.38	—	UNIT LTD PARTN	030975106
GGG	Graco, Inc.	90,833	$6.555M	1.4%	$17.05	+26.1%	COM	384109104
NVS	Novartis AG ADR	63,488	$6.261M	1.3%	$70.71	—	ADR	66987V109
—	TC Pipelines LP	95,280	$6.207M	1.3%	$48.33	—	UNIT LTD PARTN	87233Q108
MKC	McCormick & Co. Inc.	80,203	$6.184M	1.3%	$28.30	+6.6%	COM	579780206
MTD	Mettler-Toledo International,	18,666	$6.135M	1.3%	$212.95	+45.3%	COM	592688105
—	Commonwealth Bank of Australia	84,647	$6.04M	1.3%	$64.82	—	COM	621503002
MCHP	Microchip Technology Inc.	122,850	$6.007M	1.2%	$18.45	+4.8%	COM	595017104
—	GlaxoSmithKline PLC ADR	128,585	$5.934M	1.2%	$48.00	—	ADR	37733W105
GWW	Grainger, WW Inc.	24,755	$5.837M	1.2%	$202.64	-1.3%	COM	384802104
O	Realty Income Corp.	108,806	$5.614M	1.2%	$25.36	+18.6%	COM	756109104
MOH	Molina Healthcare Inc.	79,003	$5.316M	1.1%	$36.96	+56.3%	COM	60855R100
MYGN	Myriad Genetics Inc.	148,432	$5.254M	1.1%	$36.02	-0.6%	COM	62855J104
KMB	Kimberly-Clark Corp.	48,400	$5.184M	1.1%	$64.57	+18.2%	COM	494368103
SON	Sonoco Products Co.	111,875	$5.086M	1.1%	$25.97	+21.2%	COM	835495102
—	Urstadt Biddle Properties A	219,384	$5.059M	1.1%	$20.88	—	COM	917286205
CL	Colgate-Palmolive Co.	72,866	$5.053M	1.1%	$44.38	+21.0%	COM	194162103
NSC	Norfolk & Southern Corp.	49,097	$5.053M	1.1%	$57.67	+46.0%	COM	655844108
HEINY	Heineken NV ADR	131,706	$5.023M	1.0%	$32.14	—	ADR	423012301
DTE	DTE Energy Co.	59,850	$4.829M	1.0%	$48.68	+2.3%	COM	233331107
GNRC	Generac Holdings Inc.	98,412	$4.792M	1.0%	$46.51	+2.4%	COM	368736104
—	Schneider Electric SA	61,478	$4.777M	1.0%	$73.60	—	COM	483410007
LEG	Leggett & Platt Inc.	102,921	$4.744M	1.0%	$34.70	+28.5%	COM	524660107
—	Anadarko Petroleum Corp.	56,266	$4.659M	1.0%	$87.25	—	COM	032511107
SYF	Synchrony Financial	153,488	$4.658M	1.0%	$23.96	+4.0%	COM	87165B103
VZ	Verizon Communications Inc.	92,616	$4.504M	0.9%	$26.94	+2.5%	COM	92343V104
T	AT&T Inc.	136,829	$4.467M	0.9%	$11.40	+3.4%	COM	00206R102
—	Oneok Partners LP	108,777	$4.442M	0.9%	$50.08	—	UNIT LTD PARTN	68268N103
—	Monmouth Real Estate Investmen	393,094	$4.367M	0.9%	$9.89	—	COM	609720107
ATR	Aptargroup, Inc.	67,358	$4.279M	0.9%	$47.11	+17.4%	COM	038336103
CMCSA	Comcast Corp.	75,598	$4.269M	0.9%	$18.76	+19.4%	COM	20030N101
NDSN	Nordson Corp.	53,560	$4.196M	0.9%	$67.37	0.0%	COM	655663102
—	National Grid PLC ADS	63,304	$4.09M	0.9%	$58.43	—	ADR	636274300
USPH	US Physical Therapy Inc.	85,589	$4.065M	0.8%	$28.11	+51.3%	COM	90337L108
INGR	Ingredion Inc.	51,793	$4.031M	0.8%	$70.29	+16.4%	COM	457187102
—	C.R. Bard Inc.	23,811	$3.985M	0.8%	$109.75	—	COM	067383109
OTEX	OpenText Corp.	74,220	$3.925M	0.8%	$17.74	+27.0%	COM	683715106
MO	Altria Group, Inc.	74,156	$3.709M	0.8%	$16.83	+55.6%	COM	02209S103
SBH	Sally Beauty Holdings Inc.	107,866	$3.707M	0.8%	$30.77	+5.0%	COM	79546E104
XOM	Exxon Mobil Corp.	42,885	$3.645M	0.8%	$54.24	+2.5%	COM	30231G102
—	DCP Midstream Partners LP	97,586	$3.606M	0.8%	$53.57	—	UNIT LTD PARTN	23311P100
SRE	Sempra Energy	32,511	$3.544M	0.7%	$36.27	+8.0%	COM	816851109
—	Marathon Oil Corp.	135,179	$3.53M	0.7%	$35.28	—	COM	565849106
WLY	John Wiley & Sons Inc. A	57,202	$3.497M	0.7%	$34.99	+26.8%	COM	968223206
SPH	Suburban Propane Partners LP	80,998	$3.48M	0.7%	$46.53	—	UNIT LTD PARTN	864482104
LECO	Lincoln Electric Holdings Inc.	53,179	$3.477M	0.7%	$60.75	+11.6%	COM	533900106
OKE	Oneok Inc.	71,891	$3.468M	0.7%	$24.67	-5.6%	COM	682680103
CHD	Church & Dwight Co., Inc.	39,545	$3.378M	0.7%	$27.97	+28.9%	COM	171340102
MMLP	Martin Midstream Partners LP	91,853	$3.255M	0.7%	$43.94	—	UNIT LTD PARTN	573331105
OGS	ONE Gas, Inc.	75,212	$3.251M	0.7%	$34.91	+22.5%	COM	68235P108
—	South Jersey Industries, Inc.	59,297	$3.219M	0.7%	$54.29	—	COM	838518108
JNJ	Johnson & Johnson	31,963	$3.215M	0.7%	$69.12	+8.7%	COM	478160104
—	Praxair, Inc.	26,244	$3.169M	0.7%	$118.18	—	COM	74005P104
—	Bemis Co. Inc.	66,316	$3.071M	0.6%	$39.14	—	COM	081437105
NXPI	NXP Semiconductors NV	30,510	$3.062M	0.6%	$70.60	+10.9%	COM	N6596X109
M	Macy's, Inc.	44,828	$2.91M	0.6%	$49.31	+30.5%	COM	55616P104
CPK	Chesapeake Utilities Corp.	56,124	$2.84M	0.6%	$35.86	+11.0%	COM	165303108
—	ITT Corp.	70,379	$2.809M	0.6%	$31.04	—	COM	450911201
—	Gaztransport et Technigaz SAS	46,364	$2.733M	0.6%	$62.80	—	COM	BJYRDP5
PAC	Grupo Aeroportuario Del Pacifi	41,576	$2.725M	0.6%	$50.83	—	ADR	400506101
GLP	Global Partners LP	78,103	$2.718M	0.6%	$39.81	—	UNIT LTD PARTN	37946R109
—	Jacobs Engineering Group	57,892	$2.614M	0.5%	$55.13	—	COM	469814107
APD	Air Products & Chemicals Inc.	16,153	$2.444M	0.5%	$61.55	+71.9%	COM	009158106
—	Johnson Controls Inc.	47,340	$2.388M	0.5%	$35.78	—	COM	478366107
CLX	The Clorox Co.	21,384	$2.361M	0.5%	$60.45	+32.3%	COM	189054109
—	Phillips 66 Partners LP	30,448	$2.152M	0.4%	$36.77	—	UNIT LTD PARTN	718549207
—	Ferrellgas Partners LP	86,845	$2.117M	0.4%	$22.07	—	UNIT LTD PARTN	315293100
—	Total SA ADR	40,209	$1.997M	0.4%	$48.70	—	ADR	89151E109
—	Bank of Ireland	5,131,160	$1.94M	0.4%	$0.38	—	COM	3070732
—	L-3 Communications Holdings In	15,393	$1.936M	0.4%	$125.77	—	COM	502424104
—	Vermilion Energy Trust	44,342	$1.864M	0.4%	$48.73	—	COM	923725956
—	Cominar REIT	120,183	$1.821M	0.4%	$19.72	—	COM	199910951
GOOD	Gladstone Commerical Corp.	96,792	$1.801M	0.4%	$18.64	—	COM	376536108
—	Teekay LNG Partners LP	46,118	$1.723M	0.4%	$43.99	—	UNIT LTD PARTN	Y8564M105
XYL	Xylem, Inc.	48,696	$1.705M	0.4%	$24.15	+27.4%	COM	98419M100
—	St. Gobain SA	38,826	$1.705M	0.4%	$43.91	—	COM	738048909
—	Enerplus Resources Fund Trust	155,247	$1.574M	0.3%	$13.48	—	COM	292766102
—	Cleco Corp.	28,462	$1.552M	0.3%	$57.24	—	COM	12561W105
EDPFY	Energias de Portugal, SA ADR	41,383	$1.551M	0.3%	$32.58	—	ADR	268353109
SSL	Sasol Ltd. ADR	44,287	$1.508M	0.3%	$44.47	—	ADR	803866300
CMS	CMS Energy Corp.	40,990	$1.431M	0.3%	$25.65	0.0%	COM	125896100
—	H&R REIT	77,212	$1.422M	0.3%	$20.93	—	COM	404428203
—	Advent Software, Inc.	32,134	$1.417M	0.3%	$31.99	—	COM	007974108
—	Precinct Properties New Zealan	1,535,495	$1.353M	0.3%	$0.80	—	COM	609327903
OXY	Occidental Petroleum Corp.	18,476	$1.349M	0.3%	$57.86	-3.6%	COM	674599105
THR	Thermon Group Holdings, Inc.	53,129	$1.279M	0.3%	$20.45	+12.4%	COM	88362T103
—	Genworth MI Canada Inc.	57,284	$1.266M	0.3%	$23.27	—	COM	37252B953
USAC	USA Compression Partners	61,081	$1.25M	0.3%	$23.33	—	UNIT LTD PARTN	90290N109
—	CDK Global Holdings LLC	25,999	$1.216M	0.3%	$32.29	—	COM	12508E101
CMI	Cummins Inc.	8,664	$1.201M	0.2%	$81.90	+28.0%	COM	231021106
INFY	Infosys Ltd. ADR	34,000	$1.193M	0.2%	$36.38	—	ADR	456788108
ECL	Ecolab, Inc.	10,415	$1.191M	0.2%	$85.36	+13.9%	COM	278865100
SNN	Smith & Nephew PLC	33,494	$1.144M	0.2%	$46.48	—	COM	83175M205
—	BreitBurn Energy Partners LP	200,099	$1.097M	0.2%	$16.57	—	UNIT LTD PARTN	106776107
—	Novolipetsk GDR	74,355	$993K	0.2%	$12.50	—	ADR	67011E204
IMO	Imperial Oil Ltd.	24,306	$969K	0.2%	$30.07	+1.6%	COM	453038408
CROMF	Crombie REIT	90,722	$966K	0.2%	$12.97	—	COM	227107109
—	Global Specialty Metals Inc.	49,649	$939K	0.2%	$15.73	—	COM	37954N206
KO	The Coca-Cola Co.	20,960	$850K	0.2%	$29.61	0.0%	COM	191216100
—	Sirona Dental Systems Inc.	9,360	$842K	0.2%	$82.35	—	COM	82966C103
—	Shire PLC	3,516	$841K	0.2%	$126.90	—	COM	82481R106
—	Pengrowth Energy Trust	256,281	$766K	0.2%	$5.29	—	COM	70706P104
—	Hatteras Financial Corp	41,534	$754K	0.2%	$24.34	—	COM	41902R103
—	Credito Real Sofom ENR	319,911	$751K	0.2%	$1.67	—	COM	B8DST5905
BABA	Alibaba Group Holding LTD	8,680	$723K	0.2%	$100.80	—	COM	01609W102
NBIS	Yandex NV	43,285	$656K	0.1%	$28.24	—	COM	N97284108
VDMCY	Vodacom Group Ltd.ADR	52,660	$576K	0.1%	$11.79	—	ADR	92858D200
—	Reckitt Benckiser PLC	6,631	$571K	0.1%	$83.18	—	COM	B24CGK904
—	Qiwi PLC	23,429	$563K	0.1%	$28.15	—	COM	74735M108
—	Partners REIT	196,956	$557K	0.1%	$6.30	—	COM	70214B977
—	Metaldyne Performance Group, I	23,450	$423K	0.1%	$17.36	—	COM	59116R107
SHO	Sunstone Hotel Investors Inc.	21,535	$359K	0.1%	$16.58	—	COM	867892101
ROSYY	Rostelecom Long Distance ADR	32,982	$262K	0.1%	$15.84	—	ADR	778529107
HAS	Hasbro Inc.	4,003	$253K	0.1%	$30.22	+36.3%	COM	418056107
—	Mechel Open Joint Stock Co. AD	84,892	$105K	0.0%	$2.42	—	ADR	583840103
—	Lakeview Hotel Investment Corp	73,900	$20,000	0.0%	$0.37	—	COM	HCB8J36M0
—	Lakeview Hotel Investment Co.	81,566	$20,000	0.0%	$0.40	—	COM	51222P950
—	Spectral Medical Inc.	20,000	$14,000	0.0%	$0.25	—	COM	847574100