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 4.11%
Capital Goods 1.37%
Conglomerates
Consumer Cyclical 1.72%
Consumer/Non-Cyclical 10.04%
Energy 10.5%
Financial 22.76%
Healthcare 4.97%
Services 23.32%
Technology 11.94%
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
ACCESS MIDSTREAM PARTNERS L P UNIT 9,644 24 .25 152,279
ACE LIMITED SHS 2,947 New 28,152
AEGON N V NON CUM SUB NTS 71 23 48 2,442
ALEXANDRIA REAL ESTATE EQ INC PFD CONV SER D 2,044 47 2.36 74,054
ALLERGAN INC COM 4,456 New 26,973
ALPS ETF TR ALERIAN MLP 1,822 159 9.56 97,144
ALTERA CORP COM 2,138 New 60,490
ALTRIA GROUP INC COM 80 24 42.75 1,860
AMERICAN RLTY CAP PPTYS INC COM 8,725 459 5.55 701,391
AMERIPRISE FINL INC NT SR 7.75% 2039 66 20 42.94 2,633
AMPHENOL CORP NEW CL A 2,797 New 28,757
ANALOG DEVICES INC COM 2,533 New 46,272
APARTMENT INVT & MGMT CO CL A 2,346 New 71,326
APOLLO INVT CORP SR NT 42 74 21 39.62 3,045
APPLE INC COM 10,862 106 .98 113,869
APPLIED MATLS INC COM 3,512 New 150,942
ARES CAP CORP COM 67 20 41.22 3,858
BCE INC COM NEW 9,171 153 1.69 202,498
BEMIS INC COM 1,982 New 49,374
BEST BUY INC COM 2,187 New 69,456