LAFFER INVESTMENTS Information

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

Report Date: 03/31/2015

Position Statistics

Total Positions 226
New Positions 10
Increased Positions 63
Decreased Positions 74
Positions with Activity 137
Sold Out Positions 48
Total Mkt Value (in $ millions) 654

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

Sector Weighting

Basic Materials 4.66%
Capital Goods 3.37%
Conglomerates
Consumer Cyclical 3.42%
Consumer/Non-Cyclical 6.91%
Energy 6.11%
Financial 21.7%
Healthcare 7.2%
Services 24.17%
Technology 11.48%
Transportation 2.3%
Utilities 7.91%

226 Positions as of 03/31/2015

Company Class Value of Shares ($1,000s) ▼ Change in Value ($1,000s) Change (%) Shares Held
ISHARES INTERM CR BD ETF 1,132 -38 (3.28) 10,435
GENESEE & WYO INC UNIT 100115 995 -16 (1.57) 9,750
ISHARES MBS ETF 899 899 New 8,307
ENSCO PLC SHS CLASS A 857 New 38,056
NOBLE CORP PLC SHS USD 841 New 54,671
ISHARES 1-3 YR CR BD ETF 664 -197 (22.91) 6,314
CLAYMORE EXCHANGE TRD FD TR GUGG ENH SHT DUR 606 -12 (1.99) 12,115
ISHARES IBOXX HI YD ETF 535 22 4.25 6,009
ISHARES TR TIPS BD ETF 516 -301 (36.86) 4,629
ISHARES TR FLTG RATE BD ETF 425 -438 (50.78) 8,384
PEABODY ENERGY CORP COM 275 New 119,918
WINDSTREAM HLDGS INC COM NEW 260 New 39,218
BANC CALIF INC EQUITY UNIT 253 32 14.47 3,773
NATIONAL GRID PLC SPON ADR NEW 220 48 27.49 3,293
EPR PPTYS CONV PFD 9% SR E 218 21 10.49 6,571
JPMORGAN CHASE & CO DEP SHS RP PFD T 216 26 13.64 8,199
NUSTAR LOGISTICS L P SB NT FX/FL 43 216 31 16.61 8,045
MORGAN STANLEY DEP SHS 1/1000TH 213 213 New 7,952
CITIGROUP INC DEP SHS 1/1000 J 213 27 14.78 7,772
ALTRIA GROUP INC COM 213 -12 (5.29) 4,295