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) 591

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

Sector Weighting

Basic Materials 4.33%
Capital Goods 1.3%
Conglomerates
Consumer Cyclical 1.66%
Consumer/Non-Cyclical 9.82%
Energy 10.39%
Financial 22.79%
Healthcare 4.81%
Services 23.68%
Technology 11.85%
Transportation 0.25%
Utilities 8.59%

6 New Positions as of 03/31/2014

Company Class Value of Shares ($1,000s) ▼ Change in Value ($1,000s) Change (%) Shares Held
TARGET CORP COM 9,276 9,276 New 153,827
GLAXOSMITHKLINE PLC SPONSORED ADR 8,231 8,231 New 170,764
SEASPAN CORP CUM RD PRP PFD E 71 71 New 2,722
CITIGROUP INC DEP SHS 1/1000 J 70 70 New 2,541
SOUTHERN CO COM 41 41 New 896
VANGUARD PA TAX FREE FD LONG TAXEX INV New 2