LAFFER INVESTMENTS Information

103 MURPHY COURT, NASHVILLE, Tennessee, 37203, (615) 460-0100

Report Date: 03/31/2014

Position Statistics

Total Positions 196
New Positions 6
Increased Positions 59
Decreased Positions 31
Positions with Activity 90
Sold Out Positions 7
Total Mkt Value (in $ millions) 588

Institutional Holdings information is filed by major institutions on form 13-F with the Securities and Exchange Commission.

Sector Weighting

Basic Materials 4.1%
Capital Goods 1.36%
Conglomerates
Consumer Cyclical 1.7%
Consumer/Non-Cyclical 10.06%
Energy 10.5%
Financial 22.66%
Healthcare 5.01%
Services 23.35%
Technology 11.93%
Transportation 0.25%
Utilities 8.56%

90 Activity Positions as of 03/31/2014

Company Class Value of Shares ($1,000s) ▼ Change in Value ($1,000s) Change (%) Shares Held
WILLIAMS COS INC DEL COM 17,541 238 1.38 303,379
LYONDELLBASELL INDUSTRIES N V SHS - A - 11,592 484 4.36 117,702
ONEOK INC NEW COM 11,541 1,731 17.64 173,087
ENSCO PLC SHS CLASS A 11,331 9,289 454.76 211,601
APPLE INC COM 10,822 105 .98 113,869
OMEGA HEALTHCARE INVS INC COM 10,565 -51 (0.48) 282,025
NEXTERA ENERGY INC COM 10,376 190 1.87 104,395
MICROSOFT CORP COM 10,375 303 3.00 248,885
PINNACLE FOODS INC DEL COM 10,099 202 2.05 325,134
JOHNSON & JOHNSON COM 9,938 -1 (0.01) 93,933
NORTHSTAR RLTY FIN CORP COM NEW 9,866 -2,368 (19.36) 584,805
ACCESS MIDSTREAM PARTNERS L P UNIT 9,632 24 .25 152,279
HERCULES TECH GROWTH CAP INC COM 9,461 942 11.05 581,511
COCA COLA CO COM 9,360 20 .21 221,485
GLAXOSMITHKLINE PLC SPONSORED ADR 9,290 9,290 New 170,764
BLACKROCK INC COM 9,238 56 .61 29,242
TARGET CORP COM 9,219 9,219 New 153,827
BCE INC COM NEW 9,208 153 1.69 202,498
GENERAL MLS INC COM 9,066 106 1.18 170,996
W P CAREY INC COM 9,037 797 9.67 139,734