Laffer Investments

Laffer Investments as of June 30, 2012

Portfolio Holdings for Laffer Investments

Laffer Investments holds 171 positions in its portfolio as reported in the June 2012 quarterly 13F filing

Company (Ticker) Portfolio Weight Valued At Change in Shares Share Count Share Price
Costco Wholesale Corporation (COST) 1.9 $6.5M 68k 95.00
Texas Instruments Incorporated (TXN) 1.5 $5.1M 178k 28.69
Clorox Company (CLX) 1.3 $4.7M 64k 72.46
Allergan 1.2 $4.3M 46k 92.57
iShares MSCI Hong Kong Index Fund (EWH) 1.2 $4.2M 255k 16.40
iShares MSCI Switzerland Index Fund (EWL) 1.2 $4.2M 183k 22.91
iShares IBoxx $ Invest Grade Corp Bd (LQD) 1.2 $4.1M 35k 117.59
iShares MSCI Singapore Index Fund 1.2 $4.2M 337k 12.32
Ishares Tr zealand invst (ENZL) 1.2 $4.0M 139k 28.99
iShares MSCI South Korea Index Fund (EWY) 1.1 $4.0M 73k 54.81
iShares MSCI Poland Investable ETF (EPOL) 1.1 $4.0M 167k 23.80
iShares MSCI Sweden Index (EWD) 1.1 $4.0M 154k 25.75
iShares MSCI Canada Index (EWC) 1.1 $3.9M 149k 25.84
Amgen Inc note 0.375% 2/0 1.1 $3.8M 3.7k 1044.31
Wyndham Worldwide Corporation 1.1 $3.8M 73k 52.74
Medtronic Inc note 1.625% 4/1 1.1 $3.8M 3.7k 1014.07
Nextera Energy (NEE) 1.1 $3.8M 55k 68.81
Archer Daniels Midland Co note 0.875% 2/1 1.1 $3.8M 3.7k 1014.87
Abbott Laboratories (ABT) 1.1 $3.8M 58k 64.47
Intel Corporation (INTC) 1.0 $3.6M 136k 26.65
Philip Morris International (PM) 1.0 $3.6M 42k 87.26
iShares Barclays Inter Crd Bd Fund ETF) (IGIB) 1.0 $3.6M 33k 109.32
iShares Barclays 1-3 Year Cred Bd Fd ETF (IGSB) 1.0 $3.6M 34k 104.71
Limited Brands 1.0 $3.6M 84k 42.53
Johnson & Johnson (JNJ) 1.0 $3.5M 51k 67.56
E M C Corp Mass note 1.750%12/0 1.0 $3.4M 2.1k 1632.32
Hasbro (HAS) 0.9 $3.3M 98k 33.87
Halliburton Company (HAL) 0.9 $3.3M 117k 28.39
U.S. Bancorp (USB) 0.9 $3.2M 101k 32.16
Intel Corp sdcv 0.9 $3.1M 2.8k 1132.46
Rayonier Trs Hldgs Inc note 3.750%10/1 0.9 $3.1M 2.5k 1264.68
Procter & Gamble Company (PG) 0.9 $3.1M 51k 61.25
Transocean Inc note 1.500%12/1 0.9 $3.1M 3.1k 997.46
McDonald's Corporation (MCD) 0.9 $3.0M 34k 88.53
Sherwin-Williams Company (SHW) 0.9 $3.0M 23k 132.35
General Electric Company 0.8 $2.8M 137k 20.84
At&t (T) 0.8 $2.8M 80k 35.66
Gilead Sciences Inc note 0.625% 5/0 0.8 $2.8M 2.1k 1369.03
CF Industries Holdings (CF) 0.8 $2.8M 15k 193.74
Te Connectivity Ltd for (TEL) 0.8 $2.8M 88k 31.91
Dow Chemical Company 0.8 $2.8M 89k 31.50
Starwood Hotels & Resorts Worldwide 0.8 $2.8M 53k 53.04
McCormick & Company, Incorporated (MKC) 0.8 $2.8M 46k 60.65
Microsoft Corporation (MSFT) 0.8 $2.7M 89k 30.59
SLM Corporation (SLM) 0.8 $2.7M 173k 15.71
Omni (OMC) 0.8 $2.7M 56k 48.60
iShares Barclays TIPS Bond Fund (TIP) 0.8 $2.7M 23k 119.70
Nextera Energy Inc. 7% Equity pfd cv 0.8 $2.7M 49k 54.93
Verizon Communications (VZ) 0.8 $2.6M 60k 44.44
Illinois Tool Works (ITW) 0.8 $2.6M 50k 52.89
Affiliated Managers Group note 3.950% 8/1 0.8 $2.7M 2.4k 1108.59
Allegheny Technologies Inc note 4.250% 6/0 0.8 $2.6M 2.2k 1167.28
National Retail Properties I note 5.125% 6/1 0.7 $2.6M 2.3k 1143.24
Northeast Utilities System 0.7 $2.6M 67k 38.81
J.M. Smucker Company (SJM) 0.7 $2.6M 34k 75.52
Altera Corporation 0.7 $2.6M 76k 33.84
Jns 3.25% 7/15/2014 note 0.7 $2.6M 2.4k 1052.08
United Technol conv prf 0.7 $2.6M 49k 52.71
United Parcel Service (UPS) 0.7 $2.5M 32k 78.76
Medtronic 0.7 $2.5M 65k 38.73
Boston Pptys Ltd Partnership note 3.750% 5/1 0.7 $2.5M 2.2k 1158.12
Old Republic Intl Corp note 0.7 $2.5M 2.7k 932.09
Pepsi (PEP) 0.7 $2.5M 36k 70.66
Newmont Mining Corp note 1.250% 7/1 0.7 $2.5M 2.0k 1256.24
Motorola Solutions (MSI) 0.7 $2.5M 53k 48.11
Molson Coors Brewing Co note 2.500% 7/3 0.7 $2.5M 2.4k 1039.62
Exxon Mobil Corporation (XOM) 0.7 $2.5M 29k 85.57
Pfizer (PFE) 0.7 $2.5M 108k 23.00
Eastman Chemical Company (EMN) 0.7 $2.5M 49k 50.37
AFLAC Incorporated (AFL) 0.7 $2.4M 57k 42.59
Becton, Dickinson and (BDX) 0.7 $2.4M 33k 74.75
Ca 0.7 $2.4M 90k 27.09
United Technologies Corporation 0.7 $2.4M 32k 75.53
Marriott International (MAR) 0.7 $2.4M 61k 39.20
Newell Financial Trust I Cvt P convert 0.7 $2.4M 48k 50.33
CIGNA Corporation 0.7 $2.4M 54k 44.00
Xilinx 0.7 $2.3M 68k 33.57
Symantec Corp note 1.000% 6/1 0.6 $2.2M 2.2k 1024.21
General Mills (GIS) 0.6 $2.2M 58k 38.54
Ingersoll-rand Co Ltd-cl A 0.6 $2.2M 52k 42.18
Airtran Hldgs Inc note 5.250%11/0 0.6 $2.2M 1.7k 1297.00
Wells Fargo & Company Non-cum Perpet cnv (WFC.PL) 0.6 $2.1M 1.9k 1125.00
Textron (TXT) 0.6 $2.1M 84k 24.87
Health Care Reit Inc note 3.000%12/0 0.6 $2.1M 1.8k 1193.16
Discover Financial Services (DFS) 0.6 $2.1M 60k 34.58
Baker Hughes Incorporated 0.6 $2.0M 50k 41.10
Walgreen Company 0.6 $2.1M 70k 29.58
Ppl Corp unit 99/99/9999 0.6 $2.0M 38k 52.97
Eaton Corporation 0.6 $2.0M 50k 39.63
Bunge Limited 4.875% Cum. Cv. pfd cv 0.6 $2.0M 21k 95.27
T. Rowe Price (TROW) 0.6 $1.9M 30k 62.96
L-3 Communications Corp debt 3.000% 8/0 0.5 $1.9M 1.9k 1004.83
Capital One Financial (COF) 0.5 $1.9M 35k 54.66
Metlife Inc 5% 10/0/14 Conv Pr cv prf 0.5 $1.9M 31k 61.87
Ares Capital Corp 5.75 16 convert 0.5 $1.9M 1.7k 1070.93
Microchip Technology (MCHP) 0.5 $1.7M 53k 33.08
Total System Services 0.5 $1.7M 71k 23.93
Flowserve Corporation (FLS) 0.5 $1.7M 15k 114.75
Apache Corp. 6% Mandatory Conv pfd cv 0.5 $1.7M 34k 50.25
GAME Technolog debt 0.5 $1.7M 1.5k 1114.82
Charles Riv Labs Intl Inc note 2.250% 6/1 0.5 $1.7M 1.7k 1004.79
Harris Corporation 0.5 $1.7M 40k 41.85
Stanley Black & Decker Inc unit 99/99/9999 0.5 $1.7M 14k 117.12
Ppl Corporation 8.75% pfd cv 0.5 $1.7M 31k 53.47
Cooper Industries 0.4 $1.5M 22k 68.18
Parker-Hannifin Corporation (PH) 0.4 $1.5M 20k 76.88
Wisconsin Energy Corporation 0.4 $1.5M 38k 39.57
DENTSPLY International 0.4 $1.5M 39k 37.81
Lowe's Companies (LOW) 0.4 $1.4M 51k 28.44
Coca-cola Enterprises 0.4 $1.5M 52k 28.04
Health Care Reit Pfd I 6.5% 0.4 $1.5M 27k 54.00
Nextera Energy Inc conv prf 0.4 $1.4M 28k 51.11
Legg Mason 0.4 $1.4M 53k 26.37
TECO Energy 0.4 $1.4M 78k 18.06
Prologis Inc note 3.250% 3/1 0.4 $1.4M 1.3k 1118.34
Pall Corporation 0.4 $1.4M 25k 54.81
CenturyLink 0.4 $1.3M 32k 39.49
Integrys Energy 0.4 $1.3M 23k 56.87
Arcelormittal Sa Luxembourg note 5.000% 5/1 0.3 $1.2M 1.2k 1041.25
Abercrombie & Fitch (ANF) 0.3 $1.2M 35k 34.14
KLA-Tencor Corporation (KLAC) 0.3 $1.2M 25k 49.25
Rockwell Automation (ROK) 0.3 $1.2M 19k 66.06
iShares iBoxx $ High Yid Corp Bond (HYG) 0.3 $1.2M 13k 91.29
Analog Devices (ADI) 0.3 $1.2M 32k 37.67
Windstream Corporation 0.3 $1.2M 121k 9.66
Hartford Finl Svcs Group Inc dep conv p 0.3 $1.1M 61k 18.74
Rockwell Collins 0.3 $1.2M 24k 49.35
Coca-Cola Company (KO) 0.3 $1.1M 14k 78.19
American Capital Agency 0.3 $1.0M 31k 33.61
Digital Realty Trust (DLR) 0.3 $1.0M 14k 75.07
Molex Incorporated 0.3 $996k 42k 23.94
Automatic Data Processing (ADP) 0.3 $1.0M 18k 55.66
C.R. Bard 0.3 $1.0M 9.5k 107.44
Royal Dutch Shell 0.3 $1.0M 14k 69.93
Vodafone 0.3 $1.0M 36k 28.18
Bce (BCE) 0.3 $1.0M 24k 41.20
Ares Capital Corporation (ARCC) 0.3 $996k 62k 15.96
National Grid 0.3 $1.0M 19k 52.99
Oneok (OKE) 0.3 $997k 24k 42.31
Chesapeake Midstream Partners 0.3 $994k 37k 27.21
BHP Billiton 0.3 $977k 17k 57.19
Linear Technology Corporation 0.3 $974k 31k 31.33
SCANA Corporation 0.3 $990k 21k 47.84
Anglogold Ashanti Holdings Fin pfd cv 0.3 $979k 24k 41.20
Emerson Electric (EMR) 0.3 $952k 20k 46.58
BlackRock (BLK) 0.3 $922k 5.4k 169.82
Comerica Incorporated (CMA) 0.3 $918k 30k 30.71
Williams Companies (WMB) 0.3 $924k 32k 28.82
Genesis Energy (GEL) 0.3 $924k 32k 29.07
Centerpoint Energy Inc Vq 09-1 convert 0.2 $773k 21k 36.60
NiSource (NI) 0.2 $723k 29k 24.75
Itt 0.1 $201k 11k 17.60
Keycorp New pfd 7.75% sr a 0.0 $120k 1.1k 111.71
Consumer Staples Select Sect. SPDR (XLP) 0.0 $120k 3.5k 34.77
iShares Lehman 7-10 Yr Treas. Bond (IEF) 0.0 $94k 874.00 107.93
iShares Lehman 3-7 Yr Treasury Bond (IEI) 0.0 $94k 761.00 123.00
Alerian Mlp Etf 0.0 $78k 4.9k 15.98
iShares Lehman 1-3 Year Treas.Bond (SHY) 0.0 $56k 666.00 84.37
Vanguard Intermediate Tm Cpte Bd ETF (VCIT) 0.0 $85k 994.00 85.21
Chesapeake Energy Corp note 2.750%11/1 0.0 $19k 21.00 920.62
Spdr S&p 500 Etf (SPY) 0.0 $41k 300.00 136.10
iShares Barclays 20+ Yr Treas.Bond (TLT) 0.0 $48k 386.00 125.20
Wal-Mart Stores (WMT) 0.0 $5.6k 80.00 69.72
Waste Management (WM) 0.0 $133.600000 4.00 33.40
Royal Dutch Shell 0.0 $46.390000 1.00 46.39
Telefonica (TEF) 0.0 $11.840000 1.00 11.84
Danaher Corporation (DHR) 0.0 $7.6k 145.00 52.08
Delta Pete Corp note 3.750% 5/0 0.0 $12.290000 1.00 12.29
iShares Dow Jones Select Dividend (DVY) 0.0 $6.3k 112.00 56.19
Sandisk Corp note 1.500% 8/1 0.0 $3.1k 3.00 1040.00
Gold Resv Inc note 5.500% 6/1 0.0 $867.080000 1.00 867.08