LAFFER INVESTMENTS Information

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

Report Date: 09/30/2014

Position Statistics

Total Positions 225
New Positions 44
Increased Positions 101
Decreased Positions 27
Positions with Activity 128
Sold Out Positions 7
Total Mkt Value (in $ millions) 625

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

Sector Weighting

Basic Materials 4.47%
Capital Goods 1.32%
Conglomerates
Consumer Cyclical 3.4%
Consumer/Non-Cyclical 7.2%
Energy 8.09%
Financial 21.76%
Healthcare 5.07%
Services 24.49%
Technology 12.67%
Transportation 2.25%
Utilities 8.65%

7 Sold Out Positions as of 09/30/2014

Company Class Value of Shares ($1,000s) ▼ Change in Value ($1,000s) Change (%) Shares Held
AK STL HLDG CORP COM -2 Sold Out 0
CLEARBRIDGE ENERGY MLP FD INC COM -5 Sold Out 0
GENERAL MLS INC COM -10,910 Sold Out 0
GENESIS ENERGY L P UNIT LTD PARTN New 0
KEYCORP NEW PFD 7.75% SR A -120 Sold Out 0
METLIFE INC COM EQTY UNIT -2,298 Sold Out 0
ORACLE CORP COM -3 Sold Out 0
ROYAL DUTCH SHELL PLC SPONS ADR A -5 Sold Out 0