Laffer Investments

Laffer Investments as of Dec. 31, 2011

Portfolio Holdings for Laffer Investments

Laffer Investments holds 60 positions in its portfolio as reported in the December 2011 quarterly 13F filing

Company (Ticker) Portfolio Weight Valued At Change in Shares Share Count Share Price
Archer Daniels Midland Co note 0.875% 2/1 5.9 $4.0M 3.9k 1013.07
Medtronic Inc note 1.625% 4/1 5.9 $4.0M 3.9k 1015.79
Amgen Inc note 0.375% 2/0 5.7 $3.9M 3.8k 1008.27
Rayonier Trs Hldgs Inc note 3.750%10/1 4.8 $3.2M 2.6k 1264.58
E M C Corp Mass note 1.750%12/0 4.6 $3.1M 2.2k 1438.90
Transocean Inc note 1.500%12/1 4.5 $3.0M 3.1k 983.96
Intel Corp sdcv 4.3 $2.9M 2.8k 1046.80
Newmont Mining Corp note 3.000% 2/1 4.1 $2.7M 2.1k 1335.06
Affiliated Managers Group note 3.950% 8/1 4.0 $2.7M 2.4k 1119.84
National Retail Properties I note 5.125% 6/1 3.9 $2.7M 2.3k 1146.94
Molson Coors Brewing Co note 2.500% 7/3 3.8 $2.6M 2.4k 1081.59
Old Republic Intl Corp note 3.8 $2.5M 2.8k 907.11
Jns 3.25% 7/15/2014 note 3.7 $2.5M 2.5k 1016.85
Boston Pptys Ltd Partnership note 3.750% 5/1 3.7 $2.5M 2.2k 1152.71
Gilead Sciences Inc note 0.625% 5/0 3.7 $2.5M 2.1k 1163.35
Symantec Corp note 1.000% 6/1 3.6 $2.5M 2.2k 1113.73
Airtran Hldgs Inc note 5.250%11/0 3.3 $2.2M 1.7k 1294.58
Wells Fargo & Company Non-cum Perpet cnv (WFC.PL) 3.0 $2.0M 1.9k 1056.00
Hologic Inc frnt 2.000%12/1 2.9 $1.9M 1.8k 1100.80
L-3 Communications Corp debt 3.000% 8/0 2.8 $1.9M 1.9k 982.08
Charles Riv Labs Intl Inc note 2.250% 6/1 2.8 $1.9M 1.9k 975.98
Vornado Rlty L P debt 2.6 $1.8M 1.7k 1039.58
Allegheny Technologies Inc note 4.250% 6/0 2.5 $1.7M 1.2k 1406.42
Health Care Reit Inc Cvt cv bnd 2.5 $1.7M 1.4k 1190.69
Hologic Inc frnt 2.000%12/1 2.4 $1.6M 1.7k 949.70
Prologis Inc Cvt 2.625 05-15-3 convert 1.9 $1.3M 1.3k 991.71
C.R. Bard 1.2 $812k 9.5k 85.50
Vale Cap Ii gtd cv 6.75%12 0.9 $592k 9.9k 59.90
Keycorp New pfd 7.75% sr a 0.2 $122k 1.2k 105.70
iShares Lehman 3-7 Yr Treasury Bond (IEI) 0.1 $95k 775.00 122.04
Consumer Staples Select Sect. SPDR (XLP) 0.1 $74k 2.3k 32.49
iShares Barclays 20+ Yr Treas.Bond (TLT) 0.1 $74k 610.00 121.25
Fifth Third Bancorp cnv pfd dep1/250 0.1 $62k 435.00 143.55
Bank Of America Corporation preferred (BAC.PL) 0.1 $59k 75.00 786.00
Vanguard Intermediate Tm Cpte Bd ETF (VCIT) 0.1 $64k 780.00 82.37
Huntington Bancshares Inc pfd conv ser a 0.1 $55k 52.00 1062.37
Spdr S&p 500 Etf (SPY) 0.1 $38k 300.00 125.50
iShares Lehman 1-3 Year Treas.Bond (SHY) 0.0 $29k 345.00 84.50
American Income Fnd Of America (AMECX) 0.0 $27k 1.6k 16.76
Capital Income Builders Fd Sh (CAIBX) 0.0 $26k 518.00 49.22
Bond Fund Of America mutual fund (ABNDX) 0.0 $25k 2.0k 12.55
American Capital Wld Grth & In (CWGIX) 0.0 $23k 725.00 32.12
New World (NEWFX) 0.0 $23k 503.00 46.12
Coca-Cola Company (KO) 0.0 $15k 220.00 69.97
Prologis debt 0.0 $12k 12.00 988.21
Borgwarner Inc note 3.500% 4/1 0.0 $3.8k 2.00 1904.59
Alerian Mlp Etf 0.0 $4.7k 280.00 16.62
Textron Inc note 4.500% 5/0 0.0 $1.6k 1.00 1550.00
Annaly Capital Management 0.0 $2.2k 135.00 15.96
BlackRock (BLK) 0.0 $2.7k 15.00 178.24
Wal-Mart Stores (WMT) 0.0 $2.4k 40.00 59.76
Digital Realty Trust (DLR) 0.0 $2.3k 35.00 66.67
Kinder Morgan Management 0.0 $2.7k 35.00 78.52
Royal Dutch Shell 0.0 $2.3k 30.00 76.01
Vodafone 0.0 $2.4k 85.00 28.03
Bce (BCE) 0.0 $2.5k 60.00 41.67
H.J. Heinz Company 0.0 $2.4k 45.00 54.04
Ares Capital Corporation (ARCC) 0.0 $2.3k 150.00 15.45
National Grid 0.0 $2.2k 45.00 48.48
Oneok (OKE) 0.0 $2.6k 30.00 86.69