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) 592

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

Sector Weighting

Basic Materials 4.16%
Capital Goods 1.32%
Conglomerates
Consumer Cyclical 1.67%
Consumer/Non-Cyclical 9.99%
Energy 10.5%
Financial 22.75%
Healthcare 4.92%
Services 23.44%
Technology 11.96%
Transportation 0.25%
Utilities 8.51%

31 DECREASED Positions as of 03/31/2014

Company Class Value of Shares ($1,000s) ▼ Change in Value ($1,000s) Change (%) Shares Held
OMEGA HEALTHCARE INVS INC COM 10,875 -53 (0.48) 282,025
NORTHSTAR RLTY FIN CORP COM NEW 9,860 -2,366 (19.36) 584,805
JOHNSON & JOHNSON COM 9,562 -1 (0.01) 93,933
SPDR S&P 500 ETF TR TR UNIT 6,039 -2 (0.04) 30,546
ISHARES NW ZEALND CP ETF 5,903 -3 (0.04) 142,487
ISHARES MSCI CDA ETF 5,890 -2 (0.03) 181,507
ISHARES MSCI SZ CAP ETF 5,783 -3 (0.04) 170,652
ISHARES MSCI HONG KG ETF 5,625 -1 (0.02) 266,217
ISHARES MSCI SWEDEN ETF 5,360 -3 (0.05) 153,795
ISHARES MSCI SINGAP ETF 5,310 -1 (0.02) 381,996
WISDOMTREE TR JAPN HEDGE EQT 5,306 -1 (0.02) 107,026
ISHARES IBOXX INV CP ETF 1,604 -31 (1.9) 13,448
ISHARES INTERM CR BD ETF 1,487 -29 (1.92) 13,519
ISHARES TR FLTG RATE BD ETF 1,085 -21 (1.91) 21,374
ISHARES 1-3 YR CR BD ETF 1,080 -21 (1.91) 10,239
ISHARES TIPS BD ETF 1,053 -20 (1.87) 9,137
CLAYMORE EXCHANGE TRD FD TR GUGG ENH SHT DUR 779 -15 (1.92) 15,512
ISHARES IBOXX HI YD ETF 665 -11 (1.67) 7,080
ISHARES SELECT DIVID ETF 125 -56 (30.78) 1,653
TUPPERWARE BRANDS CORP COM 66 -7,673 (99.15) 786