LAFFER INVESTMENTS Information

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

Report Date: 06/30/2014

Position Statistics

Total Positions 204
New Positions 14
Increased Positions 56
Decreased Positions 131
Positions with Activity 187
Sold Out Positions 23
Total Mkt Value (in $ millions) 563

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

Sector Weighting

Basic Materials 4.12%
Capital Goods 1.21%
Conglomerates
Consumer Cyclical 3.22%
Consumer/Non-Cyclical 8.78%
Energy 9.63%
Financial 21.88%
Healthcare 5.11%
Services 24.37%
Technology 11.72%
Transportation 0.23%
Utilities 9.23%

204 Positions as of 06/30/2014

Company Class ▲ Value of Shares ($1,000s) Change in Value ($1,000s) Change (%) Shares Held
ISHARES 1-3 YR CR BD ETF 854 -227 (20.96) 8,093
ISHARES TR 1-3 YR TR BD ETF 138 New 1,621
ISHARES TR 20+ YR TR BD ETF 28 New 235
ISHARES 3-7 YR TR BD ETF 109 New 889
ISHARES TR 7-10 Y TR BD ETF 49 New 462
ALPS ETF TR ALERIAN MLP 1,892 91 5.05 102,054
AMPHENOL CORP NEW CL A 2,439 -271 (10.02) 51,754
APARTMENT INVT & MGMT CO CL A 2,306 -137 (5.61) 67,327
BROADCOM CORP CL A 2,813 -592 (17.39) 71,439
CABLEVISION SYS CORP CL A NY CABLVS 1,805 -141 (7.26) 100,078
BLACKHAWK NETWORK HLDGS INC CL B -437 Sold Out 0
BROWN FORMAN CORP CL B 2,339 -361 (13.36) 26,450
MCGRAW HILL FINL INC COM 2,724 -275 (9.17) 33,185
AK STL HLDG CORP COM 2 2 New 300
ALLERGAN INC COM 3,658 -1,273 (25.81) 20,012
ALTERA CORP COM 1,942 -56 (2.79) 58,805
ALTRIA GROUP INC COM 142 55 62.31 3,019
AMERICAN RLTY CAP PPTYS INC COM 9,873 1,407 16.62 817,975
ANALOG DEVICES INC COM 1,958 -172 (8.07) 42,539
APPLE INC COM 12,994 1,267 10.80 126,168