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) 579

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 1.3%
Conglomerates
Consumer Cyclical 1.66%
Consumer/Non-Cyclical 9.74%
Energy 10.38%
Financial 22.82%
Healthcare 4.87%
Services 23.92%
Technology 11.84%
Transportation 0.26%
Utilities 8.39%

196 Positions as of 03/31/2014

Company Class ▲ Value of Shares ($1,000s) Change in Value ($1,000s) Change (%) Shares Held
ISHARES 1-3 YR CR BD ETF 1,079 -21 (1.91) 10,239
ISHARES TR 1-3 YR TR BD ETF 137 New 1,621
ISHARES TR 20+ YR TR BD ETF 27 New 235
ISHARES 3-7 YR TR BD ETF 108 New 889
ISHARES TR 7-10 Y TR BD ETF 48 New 462
ALPS ETF TR ALERIAN MLP 1,795 157 9.56 97,144
AMPHENOL CORP NEW CL A 2,766 New 28,757
APARTMENT INVT & MGMT CO CL A 2,438 New 71,326
BROADCOM CORP CL A 3,309 New 86,482
CABLEVISION SYS CORP CL A NY CABLVS 2,074 New 107,909
BLACKHAWK NETWORK HLDGS INC CL B 385 New 13,802
BROWN FORMAN CORP CL B 2,645 New 30,529
MCGRAW HILL FINL INC COM 2,931 New 36,536
ALLERGAN INC COM 4,474 New 26,973
ALTERA CORP COM 1,979 New 60,490
ALTRIA GROUP INC COM 76 23 42.75 1,860
AMERICAN RLTY CAP PPTYS INC COM 9,195 483 5.55 701,391
ANALOG DEVICES INC COM 2,296 New 46,272
APPLE INC COM 10,886 106 .98 113,869
APPLIED MATLS INC COM 3,164 New 150,942