Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
HRL	Hormel Foods Corp.	54,869	$4.339M	2.8%	$15.25	+82.7%	COM	440452100
ADP	Automatic Data Processing Inc.	40,210	$3.407M	2.2%	$45.74	+51.1%	COM	053015103
CL	Colgate-Palmolive Co.	50,787	$3.383M	2.2%	$44.58	+17.9%	COM	194162103
GIS	General Mills Inc.	57,539	$3.318M	2.2%	$31.98	+26.5%	COM	370334104
FISV	Fiserv Inc.	34,932	$3.195M	2.1%	$24.30	+93.2%	COM	337738108
OMC	Omnicom Group	40,849	$3.091M	2.0%	$42.74	+21.7%	COM	681919106
HEINY	Heineken NV ADR	68,394	$2.924M	1.9%	$32.14	—	ADR	423012301
—	Monmouth Real Estate Investmen	251,672	$2.632M	1.7%	$9.89	—	COM	609720107
MCD	McDonald's Corp.	22,024	$2.602M	1.7%	$72.33	+20.6%	COM	580135101
INGR	Ingredion Inc.	26,841	$2.572M	1.7%	$70.29	+34.8%	COM	457187102
—	Buckeye Partners LP	38,925	$2.567M	1.7%	$69.96	—	UNIT LTD PARTN	118230101
MTD	Mettler-Toledo International,	7,425	$2.518M	1.6%	$212.95	+50.6%	COM	592688105
PAC	Grupo Aeroportuario Del Pacifi	28,432	$2.51M	1.6%	$50.83	—	ADR	400506101
PAYX	Paychex, Inc.	47,426	$2.508M	1.6%	$26.98	+42.9%	COM	704326107
ATR	Aptargroup, Inc.	34,148	$2.481M	1.6%	$47.11	+33.5%	COM	038336103
—	TC Pipelines LP	49,466	$2.459M	1.6%	$48.33	—	UNIT LTD PARTN	87233Q108
MKC	McCormick & Co. Inc.	28,529	$2.441M	1.6%	$28.30	+23.0%	COM	579780206
TD	Toronto Dominion Bank	61,977	$2.428M	1.6%	$42.73	-5.3%	COM	891160509
—	Bemis Co. Inc.	54,288	$2.426M	1.6%	$39.14	—	COM	081437105
SHW	Sherwin-Williams Co.	9,232	$2.397M	1.6%	$53.48	+47.2%	COM	824348106
EPD	Enterprise Products Partners L	92,892	$2.376M	1.6%	$51.75	—	UNIT LTD PARTN	293792107
PB	Prosperity Bancshares Inc.	48,856	$2.338M	1.5%	$34.71	+11.0%	COM	743606105
GGG	Graco, Inc.	30,976	$2.232M	1.5%	$17.05	+23.6%	COM	384109104
—	Praxair, Inc.	20,727	$2.122M	1.4%	$118.18	—	COM	74005P104
NSC	Norfolk & Southern Corp.	25,002	$2.115M	1.4%	$57.67	+19.8%	COM	655844108
GWW	Grainger, WW Inc.	10,386	$2.104M	1.4%	$202.64	-13.7%	COM	384802104
EMR	Emerson Electric Co.	43,925	$2.101M	1.4%	$40.97	-10.9%	COM	291011104
—	Commonwealth Bank of Australia	33,313	$2.073M	1.4%	$64.82	—	COM	621503002
—	ITT Corp.	56,259	$2.043M	1.3%	$31.04	—	COM	450911201
KMB	Kimberly-Clark Corp.	15,597	$1.985M	1.3%	$65.52	+29.7%	COM	494368103
APD	Air Products & Chemicals Inc.	15,139	$1.97M	1.3%	$61.55	+59.2%	COM	009158106
—	Schneider Electric SA	34,216	$1.954M	1.3%	$73.60	—	COM	483410007
—	Amerigas Partners LP	56,483	$1.936M	1.3%	$48.38	—	UNIT LTD PARTN	030975106
—	Sunoco Logistic Partners LP	74,590	$1.917M	1.3%	$58.76	—	UNIT LTD PARTN	86764L108
—	Bank of Ireland	4,716,674	$1.742M	1.1%	$0.41	—	COM	3060625
PH	Parker Hannifin Corp.	17,613	$1.708M	1.1%	$80.38	+7.1%	COM	701094104
NVS	Novartis AG ADR	19,035	$1.638M	1.1%	$76.65	—	ADR	66987V109
USPH	US Physical Therapy Inc.	30,397	$1.632M	1.1%	$28.11	+78.3%	COM	90337L108
AVY	Avery Dennison Corp.	25,576	$1.603M	1.0%	$35.92	+45.9%	COM	053611109
—	Johnson Controls Inc.	40,073	$1.582M	1.0%	$35.78	—	COM	478366107
—	National Grid PLC ADS	22,057	$1.534M	1.0%	$62.46	—	ADR	636274300
XYL	Xylem, Inc.	40,962	$1.495M	1.0%	$24.34	+31.3%	COM	98419M100
—	C.R. Bard Inc.	7,709	$1.46M	1.0%	$134.18	—	COM	067383109
—	ONEOK Partners LP	47,803	$1.44M	0.9%	$48.85	—	UNIT LTD PARTN	68268N103
—	St. Gobain SA	30,287	$1.311M	0.9%	$43.91	—	COM	738048909
EDPFY	Energias de Portugal, SA ADR	35,983	$1.301M	0.8%	$32.58	—	ADR	268353109
—	Anadarko Petroleum Corp.	25,863	$1.256M	0.8%	$86.98	—	COM	032511107
LEG	Leggett & Platt Inc.	29,675	$1.247M	0.8%	$39.86	+11.3%	COM	524660107
SNN	Smith & Nephew PLC	33,204	$1.182M	0.8%	$41.53	—	COM	83175M205
GOOD	Gladstone Commerical Corp.	80,578	$1.176M	0.8%	$18.64	—	COM	376536108
—	Total SA ADR	25,819	$1.161M	0.8%	$48.70	—	ADR	89151E109
SYF	Synchrony Financial	37,720	$1.147M	0.7%	$24.15	+3.5%	COM	87165B103
—	Urstadt Biddle Properties Inc.	59,068	$1.136M	0.7%	$20.88	—	COM	917286205
IFF	International Flavors & Fragra	9,483	$1.135M	0.7%	$85.78	+5.3%	COM	459506101
LECO	Lincoln Electric Holdings Inc.	21,620	$1.122M	0.7%	$60.75	-8.4%	COM	533900106
HON	Honeywell International Inc.	10,630	$1.101M	0.7%	$73.33	+1.3%	COM	438516106
PAA	Plains All American Pipeline L	47,348	$1.094M	0.7%	$55.68	—	UNIT LTD PARTN	726503105
—	CDK Global Holdings LLC	22,907	$1.087M	0.7%	$32.29	—	COM	12508E101
CPK	Chesapeake Utilities Corp.	18,797	$1.067M	0.7%	$35.93	+23.4%	COM	165303108
MYGN	Myriad Genetics Inc.	24,309	$1.049M	0.7%	$36.02	+17.3%	COM	62855J104
HUBB	Hubbell Inc.	10,385	$1.049M	0.7%	$76.44	0.0%	COM	443510607
MO	Altria Group, Inc.	17,501	$1.019M	0.7%	$19.17	+53.7%	COM	02209S103
O	Realty Income Corp.	19,562	$1.01M	0.7%	$25.42	+17.1%	COM	756109104
GVDNY	Givaudan SA ADR	27,769	$1.007M	0.7%	$32.47	—	ADR	37636P108
—	Ferrellgas Partners LP	60,531	$1.005M	0.7%	$22.07	—	UNIT LTD PARTN	315293100
—	Precinct Properties New Zealan	1,169,450	$1.001M	0.7%	$0.80	—	COM	609327903
—	Genworth MI Canada Inc.	50,787	$973K	0.6%	$23.27	—	COM	37252B953
TNC	Tennant Co.	17,080	$961K	0.6%	$51.75	-0.7%	COM	880345103
OXY	Occidental Petroleum Corp.	14,163	$958K	0.6%	$57.86	-7.6%	COM	674599105
GLP	Global Partners LP	51,640	$907K	0.6%	$39.81	—	UNIT LTD PARTN	37946R109
CMCSA	Comcast Corp.	15,695	$886K	0.6%	$20.01	+18.7%	COM	20030N101
—	Sirona Dental Systems Inc.	7,991	$876K	0.6%	$82.35	—	COM	82966C103
CLX	The Clorox Co.	6,702	$850K	0.6%	$61.98	+50.5%	COM	189054109
SBH	Sally Beauty Holdings Inc.	29,952	$835K	0.5%	$30.60	-18.0%	COM	79546E104
VZ	Verizon Communications Inc.	17,823	$824K	0.5%	$26.96	-0.1%	COM	92343V104
CHD	Church & Dwight Co., Inc.	9,659	$820K	0.5%	$29.81	+25.8%	COM	171340102
—	Vermilion Energy Trust	30,050	$814K	0.5%	$48.73	—	COM	923725956
—	DCP Midstream Partners LP	32,226	$795K	0.5%	$47.78	—	UNIT LTD PARTN	23311P100
—	Credito Real Sofom ENR	306,783	$773K	0.5%	$1.67	—	COM	B8DST5905
MMLP	Martin Midstream Partners LP	35,238	$765K	0.5%	$43.94	—	UNIT LTD PARTN	573331105
—	Reckitt Benckiser PLC	7,905	$732K	0.5%	$85.43	—	COM	B24CGK904
OGS	ONE Gas, Inc.	14,376	$721K	0.5%	$35.09	+37.6%	COM	68235P108
NDSN	Nordson Corp.	10,898	$699K	0.5%	$64.79	-5.0%	COM	655663102
—	Cominar REIT	62,280	$660K	0.4%	$19.72	—	COM	199910951
ITW	Illinois Tool Works Inc.	6,670	$618K	0.4%	$71.40	0.0%	COM	452308109
—	H&R REIT	42,600	$615K	0.4%	$20.87	—	COM	404428203
THR	Thermon Group Holdings, Inc.	35,206	$596K	0.4%	$20.58	-7.5%	COM	88362T103
KMI	Kinder Morgan, Inc.	38,897	$580K	0.4%	$22.45	-36.4%	COM	49456B101
CMI	Cummins Inc.	6,517	$574K	0.4%	$82.66	-8.3%	COM	231021106
LKQ	LKQ Corp.	18,923	$561K	0.4%	$27.35	-4.7%	COM	501889208
SSL	Sasol Ltd. ADR	20,647	$554K	0.4%	$44.47	—	ADR	803866300
CROMF	Crombie REIT	58,075	$535K	0.3%	$12.97	—	COM	227107109
USAC	USA Compression Partners LP	45,754	$526K	0.3%	$23.33	—	UNIT LTD PARTN	90290N109
SPH	Suburban Propane Partners LP	20,855	$507K	0.3%	$46.53	—	UNIT LTD PARTN	864482104
WLY	John Wiley & Sons Inc. A	11,225	$505K	0.3%	$34.99	+4.0%	COM	968223206
—	Gaztransport et Technigaz SAS	10,236	$433K	0.3%	$62.65	—	COM	BJYRDP5
—	Teekay LNG Partners LP	30,826	$405K	0.3%	$43.99	—	UNIT LTD PARTN	Y8564M105
NBIS	Yandex NV	25,713	$404K	0.3%	$28.24	—	COM	N97284108
—	Metaldyne Performance Group, I	21,415	$393K	0.3%	$17.36	—	COM	59116R107
IMO	Imperial Oil Ltd.	12,073	$393K	0.3%	$30.07	-14.8%	COM	453038408
ECL	Ecolab, Inc.	3,365	$385K	0.3%	$85.58	+22.9%	COM	278865100
—	Calumet Specialty Products Par	17,997	$358K	0.2%	$24.23	—	COM	131476103
SHO	Sunstone Hotel Investors Inc.	28,337	$354K	0.2%	$16.20	—	COM	867892101
AAPL	Apple Inc.	3,331	$351K	0.2%	$20.61	+24.8%	COM	037833100
—	HFF Inc.	10,960	$341K	0.2%	$31.11	—	COM	40418F108
—	Hatteras Financial Corp	24,448	$321K	0.2%	$24.34	—	COM	41902R103
—	Novolipetsk GDR	37,765	$321K	0.2%	$12.50	—	ADR	67011E204
—	Qiwi PLC	17,592	$316K	0.2%	$28.15	—	COM	74735M108
—	Enerplus Resources Fund Trust	91,307	$312K	0.2%	$13.48	—	COM	292766102
GSM	Ferroglobe PLC	26,460	$284K	0.2%	$10.52	0.0%	COM	G33856108
—	Shire PLC	1,293	$265K	0.2%	$128.09	—	COM	82481R106
—	Partners REIT	83,454	$195K	0.1%	$6.30	—	COM	70214B977
ROSYY	Rostelecom Long Distance ADR	21,455	$158K	0.1%	$15.84	—	ADR	778529107
—	Pengrowth Energy Trust	131,894	$97,000	0.1%	$5.19	—	COM	70706P104
—	Mechel Open Joint Stock Co. AD	68,367	$56,000	0.0%	$2.42	—	ADR	583840103
—	Breitburn Energy Partners LP	67,509	$45,000	0.0%	$16.57	—	UNIT LTD PARTN	106776107
—	Spectral Medical Inc.	20,000	$12,000	0.0%	$0.25	—	COM	847574100
—	Lakeview Hotel Investment Corp	73,900	$5,000	0.0%	$0.37	—	COM	HCB8J36M0
—	Lakeview Hotel Investment Co.	23,294	$2,000	0.0%	$0.40	—	COM	51222P950