LAFFER INVESTMENTS Information

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

Report Date: 09/30/2014

Position Statistics

Total Positions 224
New Positions 44
Increased Positions 101
Decreased Positions 27
Positions with Activity 128
Sold Out Positions 7
Total Mkt Value (in $ millions) 619

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

Sector Weighting

Basic Materials 4.27%
Capital Goods 1.28%
Conglomerates
Consumer Cyclical 3.4%
Consumer/Non-Cyclical 7.32%
Energy 7.93%
Financial 21.85%
Healthcare 5.19%
Services 24.87%
Technology 12.34%
Transportation 2.15%
Utilities 8.77%

224 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 -1 Sold Out 0
CLEARBRIDGE ENERGY MLP FD INC COM -5 Sold Out 0
GENERAL MLS INC COM -10,986 Sold Out 0
KEYCORP NEW PFD 7.75% SR A -119 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
ONE GAS INC COM -1 (90.91) 2
ISHARES MSCI SZ CAP ETF (84.62) 2
NEXTERA ENERGY INC CORP UNIT 2,695 -260 (8.81) 41,520
DOMINION RES INC VA NEW CRP UNIT 2013 B 2,712 -246 (8.32) 47,790
NEXTERA ENERGY INC CORP UNIT 2,819 -151 (5.08) 41,805
BUNGE LIMITED PREF PERP CONV 1,598 -77 (4.58) 14,950
STANLEY BLACK & DECKER INC CORP UNIT 1,694 -60 (3.43) 12,593
AMERICAN TOWER CORP NEW PFD CONV SER A 1,900 -53 (2.72) 18,255
GENESEE & WYO INC UNIT 100115 1,159 -25 (2.08) 9,905
WELLS FARGO & CO NEW PERP PFD CNV A 3,665 -63 (1.68) 2,983
DOMINION RES INC VA NEW CRP UNIT 2013 A 1,402 -9 (0.62) 24,800
PEOPLES UNITED FINANCIAL INC COM 2,042 -11 (0.55) 135,770
WISDOMTREE TR JAPN HEDGE EQT 6,872 -21 (0.31) 122,373