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%

225 Positions as of 09/30/2014

Company Class ▲ Value of Shares ($1,000s) Change in Value ($1,000s) Change (%) Shares Held
ISHARES 1-3 YR CR BD ETF 864 10 1.20 8,190
ISHARES TR 1-3 YR TR BD ETF 137 New 1,621
ISHARES TR 20+ YR TR BD ETF 29 New 235
ISHARES 3-7 YR TR BD ETF 110 New 889
ISHARES TR 7-10 Y TR BD ETF 49 New 462
ALPS ETF TR ALERIAN MLP 1,947 187 10.64 112,913
FEDERATED INVT SER FDS INC BD FD CL A SHS 19 19 New 2,028
AMPHENOL CORP NEW CL A 2,924 New 51,754
APARTMENT INVT & MGMT CO CL A 2,577 New 67,327
BROADCOM CORP CL A 3,217 New 71,439
CABLEVISION SYS CORP CL A NY CABLVS 2,041 New 100,078
BROWN FORMAN CORP CL B 2,423 New 26,450
UNITED PARCEL SERVICE INC CL B 12,710 12,710 New 125,371
MCGRAW HILL FINL INC COM 3,459 New 33,185
ABBVIE INC COM 4 4 New 56
AK STL HLDG CORP COM -2 Sold Out 0
ALTERA CORP COM 2,691 New 58,805
ALTRIA GROUP INC COM 230 77 50.22 4,535
AMERICAN RLTY CAP PPTYS INC COM 8,482 907 11.98 915,962
ANALOG DEVICES INC COM 2,691 New 42,539