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%

7 Sold Out Positions as of 03/31/2014

Company Class Value of Shares ($1,000s) ▼ Change in Value ($1,000s) Change (%) Shares Held
CITIGROUP CAP XIII TR PFD SECS -48 Sold Out 0
CLEARBRIDGE AMERN ENERG MLP FD COM Sold Out 0
EMERSON ELEC CO COM -49 Sold Out 0
MFS SER TR XIII MFS DVSF INC A Sold Out 0
NEXTERA ENERGY CAP HLDGS INC GTD SD-F 8.75% -47 Sold Out 0
VERIZON COMMUNICATIONS INC COM -1,638 Sold Out 0
VIRTUS OPPORTUNITIES TR VIRTUS MLT BD A Sold Out 0