Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
HRL	Hormel Foods Corp.	60,881	$3.854M	2.4%	$15.25	+53.4%	COM	440452100
ADP	Automatic Data Processing Inc.	44,390	$3.567M	2.2%	$45.74	+39.6%	COM	053015103
FISV	Fiserv Inc.	39,123	$3.388M	2.1%	$24.30	+78.0%	COM	337738108
GIS	General Mills Inc.	60,002	$3.368M	2.1%	$31.98	+25.0%	COM	370334104
CL	Colgate-Palmolive Co.	52,710	$3.345M	2.1%	$44.58	+15.1%	COM	194162103
HEINY	Heineken NV ADR	72,604	$2.962M	1.8%	$32.14	—	ADR	423012301
OMC	Omnicom Group	43,433	$2.862M	1.8%	$42.74	+15.2%	COM	681919106
GWW	Grainger, WW Inc.	12,935	$2.781M	1.7%	$202.64	-6.2%	COM	384802104
PAC	Grupo Aeroportuario Del Pacifi	29,726	$2.581M	1.6%	$50.83	—	ADR	400506101
TD	Toronto Dominion Bank	64,712	$2.551M	1.6%	$42.73	-6.8%	COM	891160509
—	Buckeye Partners LP	42,797	$2.537M	1.6%	$69.96	—	UNIT LTD PARTN	118230101
—	Monmouth Real Estate Investmen	258,170	$2.517M	1.6%	$9.89	—	COM	609720107
PB	Prosperity Bancshares Inc.	50,738	$2.492M	1.5%	$34.71	+13.4%	COM	743606105
MKC	McCormick & Co. Inc.	29,877	$2.455M	1.5%	$28.30	+17.9%	COM	579780206
INGR	Ingredion Inc.	27,952	$2.44M	1.5%	$70.29	+22.0%	COM	457187102
—	TC Pipelines LP	50,684	$2.413M	1.5%	$48.33	—	UNIT LTD PARTN	87233Q108
—	Amerigas Partners LP	57,368	$2.382M	1.5%	$48.38	—	UNIT LTD PARTN	030975106
EPD	Enterprise Products Partners L	95,005	$2.366M	1.5%	$51.75	—	UNIT LTD PARTN	293792107
PAYX	Paychex, Inc.	49,481	$2.357M	1.5%	$26.98	+26.4%	COM	704326107
ATR	Aptargroup, Inc.	35,592	$2.348M	1.5%	$47.11	+22.1%	COM	038336103
—	Bemis Co. Inc.	56,785	$2.247M	1.4%	$39.14	—	COM	081437105
MCD	McDonald's Corp.	22,804	$2.247M	1.4%	$72.33	+4.2%	COM	580135101
KMI	Kinder Morgan, Inc.	80,247	$2.221M	1.4%	$22.45	-13.0%	COM	49456B101
—	Praxair, Inc.	21,611	$2.201M	1.4%	$118.18	—	COM	74005P104
MTD	Mettler-Toledo International,	7,709	$2.195M	1.4%	$212.95	+48.4%	COM	592688105
—	Sunoco Logistic Partners LP	76,225	$2.185M	1.4%	$58.76	—	UNIT LTD PARTN	86764L108
GGG	Graco, Inc.	32,132	$2.154M	1.3%	$17.05	+17.6%	COM	384109104
SHW	Sherwin-Williams Co.	9,547	$2.127M	1.3%	$53.48	+48.9%	COM	824348106
APD	Air Products & Chemicals Inc.	15,774	$2.012M	1.2%	$61.55	+59.9%	COM	009158106
NSC	Norfolk & Southern Corp.	25,996	$1.986M	1.2%	$57.67	+12.9%	COM	655844108
—	Schneider Electric SA	35,565	$1.985M	1.2%	$73.60	—	COM	483410007
—	ITT Corp.	58,606	$1.959M	1.2%	$31.04	—	COM	450911201
EMR	Emerson Electric Co.	44,128	$1.949M	1.2%	$40.97	-8.9%	COM	291011104
PAA	Plains All American Pipeline L	64,016	$1.945M	1.2%	$55.68	—	UNIT LTD PARTN	726503105
—	Bank of Ireland	4,932,181	$1.913M	1.2%	$0.41	—	COM	3060625
GLP	Global Partners LP	63,609	$1.802M	1.1%	$39.81	—	UNIT LTD PARTN	37946R109
PH	Parker Hannifin Corp.	18,446	$1.795M	1.1%	$80.38	+14.0%	COM	701094104
NVS	Novartis AG ADR	19,517	$1.794M	1.1%	$76.65	—	ADR	66987V109
—	Commonwealth Bank of Australia	34,540	$1.764M	1.1%	$64.82	—	COM	621503002
KMB	Kimberly-Clark Corp.	16,170	$1.763M	1.1%	$65.52	+18.1%	COM	494368103
—	Johnson Controls Inc.	41,651	$1.723M	1.1%	$35.78	—	COM	478366107
—	Anadarko Petroleum Corp.	27,108	$1.637M	1.0%	$86.98	—	COM	032511107
—	ONEOK Partners LP	53,270	$1.559M	1.0%	$48.85	—	UNIT LTD PARTN	68268N103
—	National Grid PLC ADS	22,329	$1.555M	1.0%	$62.46	—	ADR	636274300
—	Ferrellgas Partners LP	75,537	$1.492M	0.9%	$22.07	—	UNIT LTD PARTN	315293100
AVY	Avery Dennison Corp.	26,273	$1.486M	0.9%	$35.92	+38.5%	COM	053611109
—	C.R. Bard Inc.	7,922	$1.476M	0.9%	$134.18	—	COM	067383109
LECO	Lincoln Electric Holdings Inc.	27,572	$1.446M	0.9%	$60.75	-3.5%	COM	533900106
XYL	Xylem, Inc.	43,489	$1.429M	0.9%	$24.34	+21.4%	COM	98419M100
USPH	US Physical Therapy Inc.	31,605	$1.419M	0.9%	$28.11	+77.4%	COM	90337L108
—	St. Gobain SA	31,792	$1.374M	0.8%	$43.91	—	COM	738048909
EDPFY	Energias de Portugal, SA ADR	36,968	$1.344M	0.8%	$32.58	—	ADR	268353109
LEG	Leggett & Platt Inc.	30,635	$1.264M	0.8%	$39.86	+17.1%	COM	524660107
—	Vermilion Energy Trust	37,506	$1.202M	0.7%	$48.73	—	COM	923725956
—	Total SA ADR	26,817	$1.199M	0.7%	$48.70	—	ADR	89151E109
SNN	Smith & Nephew PLC	33,908	$1.187M	0.7%	$41.53	—	COM	83175M205
—	Hubbell Inc.	10,825	$1.171M	0.7%	$108.18	—	COM	443510102
—	CDK Global Holdings LLC	24,091	$1.151M	0.7%	$32.29	—	COM	12508E101
GOOD	Gladstone Commerical Corp.	80,556	$1.137M	0.7%	$18.64	—	COM	376536108
—	Genworth MI Canada Inc.	52,090	$1.117M	0.7%	$23.27	—	COM	37252B953
—	Urstadt Biddle Properties A	58,839	$1.103M	0.7%	$20.88	—	COM	917286205
SYF	Synchrony Financial	34,351	$1.075M	0.7%	$24.06	+10.0%	COM	87165B103
HON	Honeywell International Inc.	11,060	$1.047M	0.6%	$73.33	0.0%	COM	438516106
CPK	Chesapeake Utilities Corp.	19,538	$1.037M	0.6%	$35.93	+16.5%	COM	165303108
IFF	International Flavors & Fragra	9,793	$1.011M	0.6%	$85.78	0.0%	COM	459506101
TNC	Tennant Co.	17,815	$1.001M	0.6%	$51.75	0.0%	COM	880345103
O	Realty Income Corp.	20,712	$982K	0.6%	$25.42	+9.2%	COM	756109104
OXY	Occidental Petroleum Corp.	14,813	$980K	0.6%	$57.86	-11.3%	COM	674599105
MO	Altria Group, Inc.	17,961	$977K	0.6%	$19.17	+40.9%	COM	02209S103
CMI	Cummins Inc.	8,964	$973K	0.6%	$82.66	+12.4%	COM	231021106
GVDNY	Givaudan SA ADR	29,224	$949K	0.6%	$32.47	—	ADR	37636P108
MYGN	Myriad Genetics Inc.	25,131	$942K	0.6%	$36.02	-1.5%	COM	62855J104
CMCSA	Comcast Corp.	16,009	$911K	0.6%	$20.01	+16.6%	COM	20030N101
THR	Thermon Group Holdings, Inc.	43,114	$886K	0.5%	$20.58	+12.4%	COM	88362T103
MMLP	Martin Midstream Partners LP	36,108	$881K	0.5%	$43.94	—	UNIT LTD PARTN	573331105
—	Precinct Properties New Zealan	1,212,123	$880K	0.5%	$0.80	—	COM	609327903
—	Teekay LNG Partners LP	36,602	$876K	0.5%	$43.99	—	UNIT LTD PARTN	Y8564M105
—	Cominar REIT	69,119	$832K	0.5%	$19.72	—	COM	199910951
CHD	Church & Dwight Co., Inc.	9,857	$827K	0.5%	$29.81	+25.4%	COM	171340102
VZ	Verizon Communications Inc.	18,362	$799K	0.5%	$26.96	+0.2%	COM	92343V104
CLX	The Clorox Co.	6,877	$794K	0.5%	$61.98	+35.3%	COM	189054109
SBH	Sally Beauty Holdings Inc.	33,192	$788K	0.5%	$30.60	-9.6%	COM	79546E104
—	DCP Midstream Partners LP	32,498	$786K	0.5%	$47.78	—	UNIT LTD PARTN	23311P100
—	Sirona Dental Systems Inc.	8,325	$777K	0.5%	$82.35	—	COM	82966C103
—	Novolipetsk GDR	67,865	$777K	0.5%	$12.50	—	ADR	67011E204
SPH	Suburban Propane Partners LP	23,496	$772K	0.5%	$46.53	—	UNIT LTD PARTN	864482104
MOH	Molina Healthcare Inc.	10,521	$724K	0.4%	$37.71	+96.7%	COM	60855R100
NDSN	Nordson Corp.	11,195	$705K	0.4%	$64.79	-3.0%	COM	655663102
—	H&R REIT	43,153	$662K	0.4%	$20.87	—	COM	404428203
USAC	USA Compression Partners	45,870	$661K	0.4%	$23.33	—	UNIT LTD PARTN	90290N109
—	Reckitt Benckiser PLC	7,276	$660K	0.4%	$84.81	—	COM	B24CGK904
OGS	ONE Gas, Inc.	14,486	$657K	0.4%	$35.09	+24.8%	COM	68235P108
SSL	Sasol Ltd. ADR	21,864	$608K	0.4%	$44.47	—	ADR	803866300
—	Credito Real Sofom ENR	309,702	$603K	0.4%	$1.67	—	COM	B8DST5905
WLY	John Wiley & Sons Inc. A	11,796	$590K	0.4%	$34.99	+8.4%	COM	968223206
CROMF	Crombie REIT	59,798	$572K	0.4%	$12.97	—	COM	227107109
LKQ	LKQ Corp.	19,870	$564K	0.3%	$27.35	0.0%	COM	501889208
—	Global Specialty Metals Inc.	46,340	$562K	0.3%	$15.73	—	COM	37954N206
—	Gaztransport et Technigaz SAS	10,522	$545K	0.3%	$62.65	—	COM	BJYRDP5
—	Enerplus Resources Fund Trust	99,794	$485K	0.3%	$13.48	—	COM	292766102
—	Metaldyne Performance Group, I	22,383	$470K	0.3%	$17.36	—	COM	59116R107
—	Calumet Specialty Products Par	17,796	$432K	0.3%	$24.28	—	COM	131476103
—	Hatteras Financial Corp	27,780	$421K	0.3%	$24.34	—	COM	41902R103
IMO	Imperial Oil Ltd.	12,471	$394K	0.2%	$30.07	-9.1%	COM	453038408
SHO	Sunstone Hotel Investors Inc.	28,236	$374K	0.2%	$16.20	—	COM	867892101
INFY	Infosys Ltd. ADR	19,495	$372K	0.2%	$27.02	—	ADR	456788108
ECL	Ecolab, Inc.	3,370	$370K	0.2%	$85.58	+16.6%	COM	278865100
AAPL	Apple Inc.	3,331	$367K	0.2%	$20.61	+27.5%	COM	037833100
JNJ	Johnson & Johnson	3,909	$365K	0.2%	$69.12	+4.9%	COM	478160104
—	Marathon Oil Corp.	22,321	$344K	0.2%	$35.28	—	COM	565849106
DTE	DTE Energy Co.	3,800	$305K	0.2%	$48.68	-3.0%	COM	233331107
NBIS	Yandex NV	27,529	$295K	0.2%	$28.24	—	COM	N97284108
—	Qiwi PLC	18,249	$294K	0.2%	$28.15	—	COM	74735M108
—	Shire PLC	1,313	$269K	0.2%	$128.09	—	COM	82481R106
—	Partners REIT	102,618	$256K	0.2%	$6.30	—	COM	70214B977
XOM	Exxon Mobil Corp.	2,960	$220K	0.1%	$54.24	-9.5%	COM	30231G102
HAS	Hasbro Inc.	2,882	$208K	0.1%	$30.90	+77.5%	COM	418056107
ROSYY	Rostelecom Long Distance ADR	26,116	$205K	0.1%	$15.84	—	ADR	778529107
—	Breitburn Energy Partners LP	71,192	$145K	0.1%	$16.57	—	UNIT LTD PARTN	106776107
—	Pengrowth Energy Trust	128,909	$111K	0.1%	$5.29	—	COM	70706P104
—	Mechel Open Joint Stock Co. AD	71,622	$65,000	0.0%	$2.42	—	ADR	583840103
—	Lakeview Hotel Investment Corp	73,900	$18,000	0.0%	$0.37	—	COM	HCB8J36M0
—	Spectral Medical Inc.	20,000	$11,000	0.0%	$0.25	—	COM	847574100
—	Lakeview Hotel Investment Co.	32,602	$8,000	0.0%	$0.40	—	COM	51222P950
—	Temple Hotels Inc. REIT	10,200	$1,000	0.0%	$0.10	—	COM	879854107