Laffer Investments

Laffer Investments as of Dec. 31, 2012

Portfolio Holdings for Laffer Investments

Laffer Investments holds 181 positions in its portfolio as reported in the December 2012 quarterly 13F filing

Company (Ticker) Portfolio Weight Valued At Change in Shares Share Count Share Price
Costco Wholesale Corporation (COST) 1.7 $6.7M 68k 98.73
Texas Instruments Incorporated (TXN) 1.4 $5.5M 178k 30.89
Abbott Laboratories (ABT) 1.3 $5.3M 81k 65.50
Nextera Energy (NEE) 1.3 $5.3M 76k 69.19
General Electric Company 1.3 $5.2M 248k 20.99
Johnson & Johnson (JNJ) 1.3 $5.1M 73k 70.10
iShares MSCI South Korea Index Fund (EWY) 1.2 $5.0M 79k 63.35
iShares MSCI Poland Investable ETF (EPOL) 1.2 $5.0M 169k 29.62
iShares MSCI Sweden Index (EWD) 1.2 $4.9M 164k 30.20
iShares MSCI Hong Kong Index Fund (EWH) 1.2 $4.9M 250k 19.42
General Mills (GIS) 1.2 $4.8M 120k 40.42
Microsoft Corporation (MSFT) 1.2 $4.8M 179k 26.71
Philip Morris International (PM) 1.2 $4.8M 58k 83.64
iShares MSCI Switzerland Index Fund (EWL) 1.2 $4.8M 178k 26.80
Clorox Company (CLX) 1.2 $4.7M 64k 73.22
iShares MSCI Singapore Index Fund 1.2 $4.7M 342k 13.69
Ishares Tr zealand invst (ENZL) 1.2 $4.6M 133k 34.58
iShares MSCI Canada Index (EWC) 1.1 $4.5M 160k 28.40
McDonald's Corporation (MCD) 1.1 $4.4M 50k 88.21
iShares Barclays Inter Crd Bd Fund ETF) (IGIB) 1.1 $4.4M 40k 111.29
Allergan 1.1 $4.2M 46k 91.73
Halliburton Company (HAL) 1.0 $4.0M 117k 34.69
Limited Brands 1.0 $3.9M 84k 47.06
Wyndham Worldwide Corporation 1.0 $3.9M 73k 53.21
iShares IBoxx $ Invest Grade Corp Bd (LQD) 0.9 $3.8M 31k 120.99
iShares Barclays 1-3 Year Cred Bd Fd ETF (IGSB) 0.9 $3.7M 35k 105.48
Eaton (ETN) 0.9 $3.7M 68k 54.18
Archer Daniels Midland Co note 0.875% 2/1 0.9 $3.5M 3.5k 1008.86
Sherwin-Williams Company (SHW) 0.9 $3.5M 23k 153.82
Medtronic Inc note 1.625% 4/1 0.9 $3.5M 3.4k 1010.52
Eastman Chemical Company (EMN) 0.8 $3.4M 49k 68.05
Gilead Sciences conv 0.8 $3.3M 2.0k 1685.42
Te Connectivity Ltd for 0.8 $3.3M 88k 37.12
U.S. Bancorp (USB) 0.8 $3.2M 101k 31.94
Wells Fargo & Company Non-cum Perpet cnv (WFC.PL) 0.8 $3.1M 2.5k 1225.00
AFLAC Incorporated (AFL) 0.8 $3.0M 57k 53.12
Illinois Tool Works (ITW) 0.8 $3.0M 50k 60.81
Starwood Hotels & Resorts Worldwide 0.8 $3.0M 53k 57.36
E M C Corp Mass note 1.750%12/0 0.8 $3.0M 1.9k 1597.39
SLM Corporation (SLM) 0.7 $3.0M 173k 17.13
J.M. Smucker Company (SJM) 0.7 $2.9M 34k 86.24
CF Industries Holdings (CF) 0.7 $2.9M 15k 203.16
McCormick & Company, Incorporated (MKC) 0.7 $2.9M 46k 63.53
Motorola Solutions (MSI) 0.7 $2.9M 53k 55.68
Dow Chemical Company 0.7 $2.9M 89k 32.33
CIGNA Corporation 0.7 $2.9M 54k 53.46
Intel Corp sdcv 0.7 $2.8M 2.7k 1039.81
Omni (OMC) 0.7 $2.8M 56k 49.96
BlackRock 0.7 $2.7M 13k 206.71
Pfizer (PFE) 0.7 $2.7M 108k 25.08
At&t (T) 0.7 $2.7M 81k 33.71
Medtronic 0.7 $2.7M 65k 41.02
United Technologies Corporation 0.7 $2.7M 33k 82.01
Affiliated Managers Group note 3.950% 8/1 0.7 $2.7M 2.3k 1140.16
Old Republic Intl Corp note 0.7 $2.7M 2.5k 1067.50
United Technol conv prf 0.7 $2.7M 48k 55.71
Altera Corporation 0.7 $2.6M 76k 34.39
National Grid 0.7 $2.6M 46k 57.44
GAME Technolog debt 0.7 $2.7M 2.5k 1052.99
Northeast Utilities System 0.7 $2.6M 67k 39.08
Emerson Electric (EMR) 0.7 $2.6M 49k 52.96
Walgreen Company 0.7 $2.6M 70k 37.01
Ares Capital Corporation (ARCC) 0.7 $2.6M 149k 17.50
Access Midstream Partners, L.p 0.7 $2.6M 77k 33.54
National Retail Properties I note 5.125% 6/1 0.6 $2.5M 2.1k 1233.99
Verizon Communications (VZ) 0.6 $2.6M 60k 43.27
Becton, Dickinson and (BDX) 0.6 $2.5M 33k 78.19
Genesis Energy (GEL) 0.6 $2.6M 72k 35.72
Omega Healthcare Investors (OHI) 0.6 $2.6M 107k 23.85
Hasbro (HAS) 0.6 $2.5M 70k 35.90
Exxon Mobil Corporation (XOM) 0.6 $2.5M 29k 86.55
Nextera Energy Inc. 7% Equity pfd cv 0.6 $2.5M 47k 53.39
Molson Coors Brewing Co note 2.500% 7/3 0.6 $2.5M 2.4k 1034.86
Procter & Gamble Company (PG) 0.6 $2.5M 36k 67.89
Royal Dutch Shell 0.6 $2.5M 35k 70.89
Ingersoll-rand Co Ltd-cl A 0.6 $2.5M 52k 47.96
Automatic Data Processing (ADP) 0.6 $2.4M 43k 56.93
Xilinx 0.6 $2.4M 68k 35.86
Pepsi (PEP) 0.6 $2.4M 36k 68.43
Williams Companies (WMB) 0.6 $2.4M 74k 32.74
Bce (BCE) 0.6 $2.5M 57k 42.94
Jns 3.25% 7/15/2014 note 0.6 $2.4M 2.3k 1069.66
Symantec Corp note 1.000% 6/1 0.6 $2.4M 2.2k 1079.26
United Parcel Service (UPS) 0.6 $2.4M 32k 73.73
Digital Realty Trust (DLR) 0.6 $2.4M 35k 67.89
Allegheny Technologies Inc note 4.250% 6/0 0.6 $2.4M 2.1k 1101.05
Coca-Cola Company (KO) 0.6 $2.3M 65k 36.25
Oneok (OKE) 0.6 $2.3M 55k 42.75
Discover Financial Services 0.6 $2.3M 60k 38.55
Mattel (MAT) 0.6 $2.3M 63k 36.62
Marriott International (MAR) 0.6 $2.3M 61k 37.27
Boston Pptys Ltd Partnership note 3.750% 5/1 0.6 $2.3M 2.0k 1101.77
Health Care Reit Inc note 3.000%12/0 0.6 $2.2M 1.8k 1235.32
Vodafone 0.5 $2.2M 86k 25.19
Flowserve Corporation (FLS) 0.5 $2.2M 15k 146.80
American Capital Agency 0.5 $2.1M 73k 28.90
Newmont Mining Corp note 1.250% 7/1 0.5 $2.1M 1.8k 1198.80
Airtran Hldgs Inc note 5.250%11/0 0.5 $2.1M 1.6k 1334.69
Ares Capital Corp 5.75 16 convert 0.5 $2.1M 1.9k 1126.04
Chesapeake Energy Corp note 2.750%11/1 0.5 $2.1M 2.1k 970.47
Textron (TXT) 0.5 $2.1M 84k 24.79
iShares Barclays TIPS Bond Fund (TIP) 0.5 $2.1M 17k 121.41
Intel Corporation (INTC) 0.5 $2.0M 99k 20.62
Baker Hughes Incorporated 0.5 $2.0M 50k 40.85
Ppl Corp unit 99/99/9999 0.5 $2.0M 39k 52.31
Metlife Inc 5% 10/0/14 Conv Pr cv prf 0.5 $2.0M 45k 44.47
Capital One Financial (COF) 0.5 $2.0M 35k 57.93
T. Rowe Price (TROW) 0.5 $2.0M 30k 65.12
Bunge Limited 4.875% Cum. Cv. pfd cv 0.5 $2.0M 19k 102.25
Harris Corporation 0.5 $1.9M 40k 48.96
Amgen Inc note 0.375% 2/0 0.5 $1.9M 1.7k 1123.62
L-3 Communications Corp debt 3.000% 8/0 0.5 $1.8M 1.7k 1039.56
Lowe's Companies (LOW) 0.5 $1.8M 51k 35.52
Steel Dynamics Inc note 5.125% 6/1 0.4 $1.8M 1.6k 1098.78
Ppl Corporation 8.75% pfd cv 0.4 $1.8M 33k 53.73
Prologis Inc note 3.250% 3/1 0.4 $1.7M 1.5k 1151.22
Microchip Technology (MCHP) 0.4 $1.7M 53k 32.59
Abercrombie & Fitch (ANF) 0.4 $1.7M 35k 47.97
Parker-Hannifin Corporation (PH) 0.4 $1.7M 20k 85.06
Lam Research Corp conv 0.4 $1.7M 1.7k 994.13
Coca-cola Enterprises 0.4 $1.7M 52k 31.73
Stanley Black & Decker Inc unit 99/99/9999 0.4 $1.6M 13k 121.75
Nextera Energy Inc conv prf 0.4 $1.7M 33k 50.19
Sandisk Corp note 1.500% 8/1 0.4 $1.6M 1.4k 1174.93
Rockwell Automation (ROK) 0.4 $1.6M 19k 83.99
Health Care Reit Pfd I 6.5% 0.4 $1.6M 27k 57.19
Total System Services 0.4 $1.5M 71k 21.42
DENTSPLY International 0.4 $1.5M 39k 39.61
Pall Corporation 0.4 $1.5M 25k 60.26
Apache Corp. 6% Mandatory Conv pfd cv 0.4 $1.5M 34k 45.70
Wisconsin Energy Corporation 0.3 $1.4M 38k 36.85
Legg Mason 0.3 $1.4M 53k 25.72
Rockwell Collins 0.3 $1.4M 24k 58.17
Analog Devices (ADI) 0.3 $1.3M 32k 42.06
TECO Energy 0.3 $1.3M 78k 16.76
CenturyLink 0.3 $1.3M 32k 39.12
iShares iBoxx $ High Yid Corp Bond (HYG) 0.3 $1.3M 14k 93.35
Genesee & Wyoming 0.3 $1.3M 11k 111.41
KLA-Tencor Corporation (KLAC) 0.3 $1.2M 25k 47.76
Integrys Energy 0.3 $1.2M 23k 52.22
Arcelormittal Sa Luxembourg note 5.000% 5/1 0.3 $1.1M 1.1k 1055.28
Hartford Finl Svcs Group Inc dep conv p 0.3 $1.1M 55k 20.65
Molex Incorporated 0.3 $1.1M 42k 27.33
Ca 0.3 $1.1M 52k 21.98
Linear Technology Corporation 0.3 $1.1M 31k 34.30
Windstream Corporation 0.2 $1.0M 121k 8.28
SCANA Corporation 0.2 $945k 21k 45.64
General Mtrs Co jr pfd cnv srb 0.2 $967k 22k 44.13
C.R. Bard 0.2 $929k 9.5k 97.74
Comerica Incorporated (CMA) 0.2 $907k 30k 30.34
Anglogold Ashanti Holdings Fin pfd cv 0.2 $772k 21k 37.37
NiSource (NI) 0.2 $727k 29k 24.89
Alerian Mlp Etf 0.1 $299k 19k 15.95
Itt 0.1 $267k 11k 23.46
iShares Dow Jones Select Dividend (DVY) 0.1 $240k 4.2k 57.24
Keycorp New pfd 7.75% sr a 0.0 $113k 905.00 125.25
iShares Lehman 1-3 Year Treas.Bond (SHY) 0.0 $117k 1.4k 84.42
iShares Lehman 3-7 Yr Treasury Bond (IEI) 0.0 $108k 874.00 123.22
RPM International (RPM) 0.0 $85k 2.9k 29.36
New York Community Ban 0.0 $64k 4.9k 13.10
Western Gas Partners 0.0 $73k 1.5k 47.63
Realty Income (O) 0.0 $72k 1.8k 40.21
iShares Lehman 7-10 Yr Treas. Bond (IEF) 0.0 $70k 650.00 107.49
Vanguard Intermediate Tm Cpte Bd ETF (VCIT) 0.0 $80k 914.00 87.66
Spdr S&p 500 Etf (SPY) 0.0 $43k 300.00 142.41
Kinder Morgan Management 0.0 $46k 615.00 75.46
Southern Company (SO) 0.0 $51k 1.2k 42.81
Consumer Staples Select Sect. SPDR (XLP) 0.0 $53k 1.5k 34.90
iShares Barclays 20+ Yr Treas.Bond (TLT) 0.0 $37k 309.00 121.18
Bemis Company 0.0 $33.460000 1.00 33.46
MetLife (MET) 0.0 $33.017100 1.00 33.02
Dodge & Cox Fds Intl Stk Fd mutual funds 0.0 $3.9k 112.00 34.64
Harbor Fd Bd Fd Instl mutual funds (HABDX) 0.0 $4.9k 396.00 12.48
Artisan Mid Cap Value 0.0 $1.9k 92.00 20.79
Heartland Group Inc Val Plus Instl mutual funds (HNVIX) 0.0 $2.8k 93.00 29.64
Columbia Fds Ser Tr mars grwth z 0.0 $6.1k 268.00 22.77
Davis Ny Venture Fd Inc Cl Y mutual (DNVYX) 0.0 $6.4k 183.00 35.15
Highmark Geneva Mid Cap Growth Fund mutual fund 0.0 $1.7k 71.00 24.10
Mfs International Growth Fund mutual fund (MQGIX) 0.0 $3.8k 138.00 27.56
Pimco High Yield Fund mutual fund 0.0 $1.9k 199.00 9.64
Pioneer Oak Ridge Small Cap Growth Fund mutual fund 0.0 $2.8k 92.00 30.09