Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
HRL	Hormel Foods Corp.	106,498	$4.605M	2.8%	$23.74	+38.0%	COM	440452100
GIS	General Mills Inc.	57,539	$3.645M	2.2%	$31.98	+28.8%	COM	370334104
ADP	Automatic Data Processing Inc.	40,145	$3.601M	2.2%	$45.74	+48.0%	COM	053015103
CL	Colgate-Palmolive Co.	50,747	$3.585M	2.2%	$44.58	+18.6%	COM	194162103
FISV	Fiserv Inc.	34,847	$3.575M	2.2%	$24.30	+95.1%	COM	337738108
OMC	Omnicom Group	40,849	$3.4M	2.1%	$42.74	+25.8%	COM	681919106
HEINY	Heineken NV ADR	68,269	$3.092M	1.9%	$32.14	—	ADR	423012301
—	Monmouth Real Estate Investmen	248,422	$2.954M	1.8%	$9.89	—	COM	609720107
INGR	Ingredion Inc.	26,841	$2.866M	1.8%	$70.29	+41.8%	COM	457187102
MKC	McCormick & Co. Inc.	28,529	$2.838M	1.7%	$28.30	+31.7%	COM	579780206
—	Bemis Co. Inc.	54,288	$2.811M	1.7%	$39.14	—	COM	081437105
MCD	McDonald's Corp.	21,979	$2.762M	1.7%	$72.33	+29.9%	COM	580135101
ATR	Aptargroup, Inc.	34,148	$2.678M	1.6%	$47.11	+36.2%	COM	038336103
TD	Toronto Dominion Bank	61,977	$2.673M	1.6%	$42.73	-9.7%	COM	891160509
—	Buckeye Partners LP	38,978	$2.648M	1.6%	$69.96	—	UNIT LTD PARTN	118230101
SHW	Sherwin-Williams Co.	9,137	$2.601M	1.6%	$53.48	+49.3%	COM	824348106
GGG	Graco, Inc.	30,944	$2.598M	1.6%	$17.05	+28.5%	COM	384109104
PAYX	Paychex, Inc.	47,426	$2.561M	1.6%	$26.98	+38.9%	COM	704326107
PAC	Grupo Aeroportuario Del Pacifi	28,307	$2.511M	1.5%	$50.83	—	ADR	400506101
—	Amerigas Partners LP	56,561	$2.459M	1.5%	$48.38	—	UNIT LTD PARTN	030975106
GWW	Grainger, WW Inc.	10,386	$2.424M	1.5%	$202.64	-11.5%	COM	384802104
EMR	Emerson Electric Co.	43,925	$2.389M	1.5%	$40.97	-8.7%	COM	291011104
—	TC Pipelines LP	49,466	$2.385M	1.5%	$48.33	—	UNIT LTD PARTN	87233Q108
—	Praxair, Inc.	20,727	$2.372M	1.5%	$118.18	—	COM	74005P104
EPD	Enterprise Products Partners L	93,109	$2.292M	1.4%	$51.75	—	UNIT LTD PARTN	293792107
PB	Prosperity Bancshares Inc.	48,856	$2.266M	1.4%	$34.71	-8.2%	COM	743606105
APD	Air Products & Chemicals Inc.	15,139	$2.181M	1.3%	$61.55	+53.9%	COM	009158106
—	Schneider Electric SA	33,836	$2.142M	1.3%	$73.60	—	COM	483410007
KMB	Kimberly-Clark Corp.	15,597	$2.098M	1.3%	$65.52	+41.6%	COM	494368103
NSC	Norfolk & Southern Corp.	25,002	$2.081M	1.3%	$57.67	+6.7%	COM	655844108
—	ITT Corp.	56,259	$2.075M	1.3%	$31.04	—	COM	450911201
PH	Parker Hannifin Corp.	17,613	$1.956M	1.2%	$80.38	+6.9%	COM	701094104
—	Commonwealth Bank of Australia	33,313	$1.92M	1.2%	$64.82	—	COM	621503002
—	Sunoco Logistic Partners LP	74,590	$1.87M	1.1%	$58.76	—	UNIT LTD PARTN	86764L108
AVY	Avery Dennison Corp.	25,576	$1.844M	1.1%	$35.92	+50.3%	COM	053611109
MTD	Mettler-Toledo International,	5,090	$1.755M	1.1%	$212.95	+51.1%	COM	592688105
XYL	Xylem, Inc.	40,962	$1.675M	1.0%	$24.34	+34.1%	COM	98419M100
—	National Grid PLC ADS	22,057	$1.575M	1.0%	$62.46	—	ADR	636274300
—	C.R. Bard Inc.	7,709	$1.562M	1.0%	$134.18	—	COM	067383109
—	Johnson Controls Inc.	40,073	$1.562M	1.0%	$35.78	—	COM	478366107
—	ONEOK Partners LP	48,969	$1.538M	0.9%	$48.44	—	UNIT LTD PARTN	68268N103
USPH	US Physical Therapy Inc.	30,397	$1.512M	0.9%	$28.11	+76.9%	COM	90337L108
LEG	Leggett & Platt Inc.	29,675	$1.436M	0.9%	$39.86	+8.7%	COM	524660107
IFF	International Flavors & Fragra	12,435	$1.415M	0.9%	$86.25	+1.7%	COM	459506101
HON	Honeywell International Inc.	12,380	$1.387M	0.8%	$73.75	+3.5%	COM	438516106
NVS	Novartis AG ADR	19,035	$1.379M	0.8%	$76.65	—	ADR	66987V109
—	Bank of Ireland	4,716,674	$1.371M	0.8%	$0.41	—	COM	3060625
—	St. Gobain SA	30,287	$1.337M	0.8%	$43.91	—	COM	738048909
GOOD	Gladstone Commerical Corp.	80,578	$1.32M	0.8%	$18.64	—	COM	376536108
HUBB	Hubbell Inc.	12,110	$1.283M	0.8%	$76.59	+1.2%	COM	443510607
LECO	Lincoln Electric Holdings Inc.	21,820	$1.278M	0.8%	$60.75	-10.4%	COM	533900106
EDPFY	Energias de Portugal, SA ADR	35,983	$1.277M	0.8%	$32.58	—	ADR	268353109
—	Urstadt Biddle Properties Inc.	59,068	$1.237M	0.8%	$20.88	—	COM	917286205
O	Realty Income Corp.	19,562	$1.223M	0.7%	$25.42	+37.9%	COM	756109104
—	Genworth MI Canada Inc.	50,787	$1.202M	0.7%	$23.27	—	COM	37252B953
CPK	Chesapeake Utilities Corp.	18,797	$1.184M	0.7%	$35.93	+40.6%	COM	165303108
—	Total SA ADR	25,819	$1.173M	0.7%	$48.70	—	ADR	89151E109
GVDNY	Givaudan SA ADR	28,469	$1.117M	0.7%	$32.64	—	ADR	37636P108
—	Anadarko Petroleum Corp.	23,916	$1.114M	0.7%	$86.98	—	COM	032511107
SNN	Smith & Nephew PLC	33,204	$1.106M	0.7%	$41.53	—	COM	83175M205
MO	Altria Group, Inc.	17,501	$1.097M	0.7%	$19.17	+62.1%	COM	02209S103
SYF	Synchrony Financial	37,720	$1.081M	0.7%	$24.15	-8.2%	COM	87165B103
—	CDK Global Holdings LLC	22,907	$1.066M	0.7%	$32.29	—	COM	12508E101
—	Ferrellgas Partners LP	60,720	$1.057M	0.6%	$22.07	—	UNIT LTD PARTN	315293100
—	Precinct Properties New Zealan	1,169,450	$1.019M	0.6%	$0.80	—	COM	609327903
PAA	Plains All American Pipeline L	47,842	$1.003M	0.6%	$55.32	—	UNIT LTD PARTN	726503105
SBH	Sally Beauty Holdings Inc.	29,952	$970K	0.6%	$30.60	-3.0%	COM	79546E104
OXY	Occidental Petroleum Corp.	14,163	$969K	0.6%	$57.86	-13.0%	COM	674599105
VZ	Verizon Communications Inc.	17,823	$964K	0.6%	$26.96	+11.4%	COM	92343V104
CMCSA	Comcast Corp.	15,695	$959K	0.6%	$20.01	+13.7%	COM	20030N101
NDSN	Nordson Corp.	12,548	$954K	0.6%	$64.09	-7.3%	COM	655663102
TNC	Tennant Co.	18,130	$933K	0.6%	$51.39	-11.4%	COM	880345103
MYGN	Myriad Genetics Inc.	24,309	$910K	0.6%	$36.02	+4.6%	COM	62855J104
XRAY	Dentsply Sirona Inc.	14,376	$886K	0.5%	$58.93	0.0%	COM	24906P109
—	Vermilion Energy Trust	30,050	$883K	0.5%	$48.73	—	COM	923725956
—	DCP Midstream Partners LP	32,226	$878K	0.5%	$47.78	—	UNIT LTD PARTN	23311P100
OGS	ONE Gas, Inc.	14,376	$878K	0.5%	$35.09	+60.8%	COM	68235P108
CLX	The Clorox Co.	6,702	$845K	0.5%	$61.98	+55.1%	COM	189054109
—	Cominar REIT	62,580	$832K	0.5%	$19.72	—	COM	199910951
GLP	Global Partners LP	53,536	$723K	0.4%	$38.88	—	UNIT LTD PARTN	37946R109
CMI	Cummins Inc.	6,517	$716K	0.4%	$82.66	-10.2%	COM	231021106
KMI	Kinder Morgan, Inc.	38,897	$695K	0.4%	$22.45	-55.7%	COM	49456B101
—	H&R REIT	42,745	$694K	0.4%	$20.87	—	COM	404428203
ITW	Illinois Tool Works Inc.	6,670	$683K	0.4%	$71.40	+2.6%	COM	452308109
LKQ	LKQ Corp.	21,223	$678K	0.4%	$27.10	-7.6%	COM	501889208
—	Reckitt Benckiser PLC	7,005	$678K	0.4%	$85.43	—	COM	B24CGK904
MMLP	Martin Midstream Partners LP	33,148	$666K	0.4%	$43.94	—	UNIT LTD PARTN	573331105
—	Credito Real Sofom ENR	306,783	$660K	0.4%	$1.67	—	COM	B8DST5905
SPH	Suburban Propane Partners LP	21,930	$655K	0.4%	$45.71	—	UNIT LTD PARTN	864482104
CROMF	Crombie REIT	58,410	$635K	0.4%	$12.97	—	COM	227107109
THR	Thermon Group Holdings, Inc.	35,206	$618K	0.4%	$20.58	-18.5%	COM	88362T103
SSL	Sasol Ltd. ADR	20,487	$605K	0.4%	$44.47	—	ADR	803866300
FAST	Fastenal Co.	12,290	$602K	0.4%	$8.38	0.0%	COM	311900104
WLY	John Wiley & Sons Inc. A	11,225	$549K	0.3%	$34.99	-7.7%	COM	968223206
USAC	USA Compression Partners LP	45,956	$540K	0.3%	$23.33	—	UNIT LTD PARTN	90290N109
—	Gaztransport et Technigaz SAS	15,334	$503K	0.3%	$52.73	—	COM	BJYRDP5
CHD	Church & Dwight Co., Inc.	5,385	$496K	0.3%	$29.81	+28.7%	COM	171340102
AHRT	Armada Hoffler Properties, Inc	43,155	$485K	0.3%	$11.24	—	COM	04208T108
—	Novolipetsk GDR	37,765	$472K	0.3%	$12.50	—	ADR	67011E204
—	Metaldyne Performance Group, I	27,115	$456K	0.3%	$17.25	—	COM	59116R107
SHO	Sunstone Hotel Investors Inc.	29,212	$409K	0.3%	$16.14	—	COM	867892101
—	HFF Inc.	14,860	$409K	0.3%	$30.17	—	COM	40418F108
IMO	Imperial Oil Ltd.	12,073	$403K	0.2%	$30.07	-17.6%	COM	453038408
NBIS	Yandex NV	25,713	$394K	0.2%	$28.24	—	COM	N97284108
—	Teekay LNG Partners LP	30,826	$391K	0.2%	$43.99	—	UNIT LTD PARTN	Y8564M105
ECL	Ecolab, Inc.	3,365	$375K	0.2%	$85.58	+11.4%	COM	278865100
—	Enerplus Resources Fund Trust	92,957	$365K	0.2%	$13.31	—	COM	292766102
AAPL	Apple Inc.	3,331	$363K	0.2%	$20.61	+9.4%	COM	037833100
—	Hatteras Financial Corp	24,448	$350K	0.2%	$24.34	—	COM	41902R103
—	Qiwi PLC	17,592	$255K	0.2%	$28.15	—	COM	74735M108
HAS	Hasbro Inc.	2,847	$228K	0.1%	$53.50	0.0%	COM	418056107
GSM	Ferroglobe PLC	25,710	$227K	0.1%	$10.52	-23.6%	COM	G33856108
—	Shire PLC	1,293	$222K	0.1%	$128.09	—	COM	82481R106
—	Calumet Specialty Products Par	17,997	$211K	0.1%	$24.23	—	UNIT LTD PARTN	131476103
—	Partners REIT	78,769	$208K	0.1%	$6.30	—	COM	70214B977
ROSYY	Rostelecom Long Distance ADR	21,455	$192K	0.1%	$15.84	—	ADR	778529107
—	Pengrowth Energy Trust	131,894	$173K	0.1%	$5.19	—	COM	70706P104
—	IMI PLC	11,780	$161K	0.1%	$13.67	—	COM	BGLP8L902
—	WPT Industrial REIT	13,250	$139K	0.1%	$10.49	—	COM	92937G109
—	Mechel Open Joint Stock Co. AD	34,183	$62,000	0.0%	$2.42	—	ADR	583840103
—	Breitburn Energy Partners LP	67,509	$38,000	0.0%	$16.57	—	UNIT LTD PARTN	106776107
—	Spectral Medical Inc.	20,000	$12,000	0.0%	$0.25	—	COM	847574100
—	Swift Energy Co.	35,000	$4,000	0.0%	$0.11	—	COM	870738101
—	Lakeview Hotel Investment Corp	73,900	$3,000	0.0%	$0.37	—	COM	HCB8J36M0
—	Lakeview Hotel Investment Co.	23,294	$1,000	0.0%	$0.40	—	COM	51222P950