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 4.28%
Capital Goods 1.31%
Conglomerates
Consumer Cyclical 1.67%
Consumer/Non-Cyclical 9.89%
Energy 10.47%
Financial 22.81%
Healthcare 4.82%
Services 23.6%
Technology 11.85%
Transportation 0.25%
Utilities 8.5%

196 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 -47 Sold Out 0
CLEARBRIDGE AMERN ENERG MLP FD COM Sold Out 0
EMERSON ELEC CO COM -50 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 -1,692 Sold Out 0
VIRTUS OPPORTUNITIES TR VIRTUS MLT BD A Sold Out 0
ROYAL DUTCH SHELL PLC SPONS ADR A 2 -19,898 (99.99) 20
ROYAL DUTCH SHELL PLC SPON ADR B 2 -10,413 (99.98) 20
ONE GAS INC COM 2 -1,382 (99.88) 45
TUPPERWARE BRANDS CORP COM 58 -6,784 (99.15) 786
MATTEL INC COM 57 -6,620 (99.14) 1,621
ISHARES TR SELECT DIVID ETF 125 -55 (30.78) 1,653
NORTHSTAR RLTY FIN CORP COM NEW 9,848 -2,364 (19.36) 584,805
CLAYMORE EXCHANGE TRD FD TR GUGG ENH SHT DUR 779 -15 (1.92) 15,512
ISHARES INTERM CR BD ETF 1,488 -29 (1.92) 13,519
ISHARES 1-3 YR CR BD ETF 1,080 -21 (1.91) 10,239
ISHARES TR FLTG RATE BD ETF 1,086 -21 (1.91) 21,374
ISHARES TR IBOXX INV CP ETF 1,606 -31 (1.9) 13,448
ISHARES TR TIPS BD ETF 1,057 -20 (1.87) 9,137