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) 590

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 3.46%
Consumer/Non-Cyclical 8.34%
Energy 10.47%
Financial 20.78%
Healthcare 4.96%
Services 23.99%
Technology 11.72%
Transportation 0.24%
Utilities 9.01%

204 Positions as of 06/30/2014

Company Class Value of Shares ($1,000s) ▲ Change in Value ($1,000s) Change (%) Shares Held
AMERIPRISE FINL INC NT SR 7.75% 2039 -66 Sold Out 0
APOLLO INVT CORP SR NT 42 -76 Sold Out 0
BEST BUY INC COM -2,162 Sold Out 0
BLACKHAWK NETWORK HLDGS INC CL B -387 Sold Out 0
CLIFFS NAT RES INC DEP1/40TH PFD A -1,144 Sold Out 0
ENTERGY TEXAS INC MTG BD 7.875% -66 Sold Out 0
GENESIS ENERGY L P UNIT LTD PARTN -8,150 Sold Out 0
INTERCONTINENTAL EXCHANGE INC COM -1,622 Sold Out 0
ISHARES MSCI SWEDEN ETF -5,300 Sold Out 0
ISHARES TR MSCI INDIA ETF New 193,110
LINNCO LLC COMSHS LTD INT -70 Sold Out 0
MATTEL INC COM -57 Sold Out 0
MCDONALDS CORP COM -67 Sold Out 0
PETSMART INC COM -2,014 Sold Out 0
PPL CORP CORP UNIT CONSIS -1,778 Sold Out 0
QWEST CORP NT 7.375% 51 -72 Sold Out 0
ROYAL DUTCH SHELL PLC SPON ADR B -2 Sold Out 0
SOUTHERN CO COM -39 Sold Out 0
STAPLES INC COM -1,438 Sold Out 0
SUBURBAN PROPANE PARTNERS L P UNIT LTD PARTN -67 Sold Out 0