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) 587

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

Sector Weighting

Basic Materials 4.37%
Capital Goods 1.25%
Conglomerates
Consumer Cyclical 3.41%
Consumer/Non-Cyclical 8.39%
Energy 10.27%
Financial 20.94%
Healthcare 5.08%
Services 23.73%
Technology 11.93%
Transportation 0.25%
Utilities 8.97%

204 Positions as of 06/30/2014

Company ▲ Class Value of Shares ($1,000s) Change in Value ($1,000s) Change (%) Shares Held
ACCESS MIDSTREAM PARTNERS L P UNIT 10,659 772 7.81 164,169
ACE LIMITED SHS 2,844 -168 (5.57) 26,584
AEGON N V NON CUM SUB NTS 119 49 69.74 4,145
AK STL HLDG CORP COM 3 3 New 300
ALEXANDRIA REAL ESTATE EQ INC PFD CONV SER D 1,994 -24 (1.19) 73,170
ALLERGAN INC COM 3,366 -1,171 (25.81) 20,012
ALPS ETF TR ALERIAN MLP 1,965 95 5.05 102,054
ALTERA CORP COM 2,145 -61 (2.79) 58,805
ALTRIA GROUP INC COM 136 52 62.31 3,019
AMERICAN RLTY CAP PPTYS INC COM 10,184 1,451 16.62 817,975
AMERICAN TOWER CORP NEW PFD CONV SER A 2,050 2,050 New 18,765
AMERIPRISE FINL INC NT SR 7.75% 2039 -66 Sold Out 0
AMPHENOL CORP NEW CL A 2,689 -299 (10.02) 25,877
ANALOG DEVICES INC COM 2,127 -187 (8.07) 42,539
APARTMENT INVT & MGMT CO CL A 2,202 -131 (5.61) 67,327
APOLLO INVT CORP SR NT 42 -75 Sold Out 0
APPLE INC COM 12,738 1,242 10.80 126,168
APPLIED MATLS INC COM 3,024 -379 (11.15) 134,118
ARES CAP CORP COM 113 50 79.11 6,910
BANC CALIF INC EQUITY UNIT 130 130 New 2,192