LAFFER INVESTMENTS Information

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

Report Date: 06/30/2015

Position Statistics

Total Positions 258
New Positions 79
Increased Positions 93
Decreased Positions 165
Positions with Activity 258
Sold Out Positions 65
Total Mkt Value (in $ millions) 346

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

Sector Weighting

Basic Materials 3.28%
Capital Goods 4.21%
Conglomerates 0.41%
Consumer Cyclical 5.19%
Consumer/Non-Cyclical 9.28%
Energy 4.71%
Financial 26.42%
Healthcare 9.57%
Services 19.9%
Technology 6.21%
Transportation 2.52%
Utilities 7.66%

165 DECREASED Positions as of 06/30/2015

Company Class Value of Shares ($1,000s) ▼ Change in Value ($1,000s) Change (%) Shares Held
WISDOMTREE TR JAPN HEDGE EQT 6,517 -10 (0.15) 122,227
COCA COLA CO COM 6,210 -6,253 (50.17) 157,422
SPDR S&P 500 ETF TR TR UNIT 6,000 -1 (0.02) 30,107
ISHARES TR HDG MSCI GERMN 5,509 -2 (0.04) 228,200
ISHARES MSCI HONG KG ETF 5,251 -3 (0.06) 269,535
JPMORGAN CHASE & CO COM 3,652 -9,943 (73.14) 56,952
PAYCHEX INC COM 3,431 -11,594 (77.16) 76,338
BRISTOL MYERS SQUIBB CO COM 3,213 -1,252 (28.04) 53,014
WELLS FARGO & CO NEW PERP PFD CNV A 3,185 -293 (8.43) 2,704
DOMINION RES INC VA NEW CRP UNIT 2013 B 2,417 -179 (6.89) 42,625
NEXTERA ENERGY INC CORP UNIT 2,346 -188 (7.43) 36,840
MICROSOFT CORP COM 2,205 -12,762 (85.26) 50,204
UNITED TECHNOLOGIES CORP CORP UNIT 2,148 -242 (10.13) 41,738
MORGAN STANLEY COM NEW 2,145 -1,084 (33.57) 63,010
BROADCOM CORP CL A 2,145 -1,554 (42.02) 41,424
UNITED PARCEL SERVICE INC CL B 2,050 -11,698 (85.09) 20,784
NEXTERA ENERGY INC CORP UNIT 2,043 -148 (6.76) 36,549
WEC ENERGY GROUP INC COM 2,027 -259 (11.32) 42,060
CME GROUP INC COM 2,010 -1,140 (36.2) 21,244
TRAVELERS COMPANIES INC COM 1,984 -951 (32.39) 19,760