Laffer Investments

Laffer Investments as of Dec. 31, 2010

Portfolio Holdings for Laffer Investments

Laffer Investments holds 268 positions in its portfolio as reported in the December 2010 quarterly 13F filing

Company (Ticker) Portfolio Weight Valued At Change in Shares Share Count Share Price
Spdr S&p 500 Etf (SPY) 8.8 $28M 222k 125.75
Texas Instruments Incorporated (TXN) 1.8 $5.8M 178k 32.50
Costco Wholesale Corporation (COST) 1.5 $4.9M 68k 72.21
iShares MSCI South Korea Index Fund (EWY) 1.5 $4.9M 80k 61.19
Halliburton Company (HAL) 1.5 $4.8M 117k 40.83
iShares MSCI Canada Index (EWC) 1.5 $4.8M 154k 31.00
iShares MSCI Switzerland Index Fund (EWL) 1.5 $4.7M 186k 25.08
iShares MSCI Sweden Index (EWD) 1.4 $4.5M 145k 31.23
iShares MSCI Singapore Index Fund 1.4 $4.5M 325k 13.85
Corning Incorporated (GLW) 1.4 $4.4M 228k 19.32
iShares MSCI Hong Kong Index Fund (EWH) 1.4 $4.4M 231k 18.92
iShares MSCI Poland Investable ETF (EPOL) 1.4 $4.4M 130k 33.59
Ishares Tr zealand invst (ENZL) 1.4 $4.4M 149k 29.38
iShares Barclays 1-3 Year Cred Bd Fd ETF (IGSB) 1.3 $4.2M 41k 104.28
iShares IBoxx $ Invest Grade Corp Bd (LQD) 1.2 $3.8M 35k 108.44
iShares Barclays Inter Crd Bd Fund ETF) (IGIB) 1.1 $3.6M 34k 105.18
E M C Corp Mass note 1.750%12/0 1.1 $3.4M 2.4k 1452.80
iShares Barclays TIPS Bond Fund (TIP) 1.1 $3.4M 32k 107.52
Motorola 1.1 $3.3M 368k 9.07
Dominion Res Inc Va New debt 1.0 $3.3M 2.7k 1223.79
Transocean Inc note 1.500%12/1 1.0 $3.2M 3.3k 988.23
Morgan Stanley (MS) 1.0 $3.2M 118k 27.21
Starwood Hotels & Resorts Worldwide 1.0 $3.2M 53k 60.78
Allergan 1.0 $3.2M 46k 68.67
Tyco Electronics Ltd S hs 1.0 $3.1M 88k 35.40
Rayonier Trs Hldgs Inc note 3.750%10/1 1.0 $3.1M 2.7k 1127.08
Newmont Mining Corp note 3.000% 2/1 0.9 $3.0M 2.1k 1415.67
Molson Coors Brewing Co note 2.500% 7/3 0.9 $2.9M 2.5k 1177.33
Baker Hughes Incorporated 0.9 $2.9M 50k 57.17
Intel Corp sdcv 0.9 $2.9M 2.9k 1000.15
Nasdaq Omx Group Inc note 2.500% 8/1 0.9 $2.8M 2.4k 1173.84
Affiliated Managers Group note 3.950% 8/1 0.9 $2.8M 2.5k 1142.34
National Retail Properties I note 5.125% 6/1 0.9 $2.7M 2.4k 1153.31
U.S. Bancorp (USB) 0.9 $2.7M 101k 26.97
Altera Corporation 0.9 $2.7M 77k 35.58
Archer Daniels Midland Co note 0.875% 2/1 0.8 $2.7M 2.6k 1031.01
Symantec Corp note 1.000% 6/1 0.8 $2.7M 2.3k 1140.59
Teva Pharmaceutical Fin Co B note 1.750% 2/0 0.8 $2.7M 2.4k 1113.13
United Dominion Realty Tr In note 4.000%12/1 0.8 $2.7M 2.6k 1009.81
Medtronic Inc note 1.625% 4/1 0.8 $2.6M 2.6k 1013.24
Allergan Inc note 1.500% 4/0 0.8 $2.6M 2.3k 1139.67
Nabors Inds Inc note 0.940% 5/1 0.8 $2.6M 2.6k 999.92
Eaton Corporation 0.8 $2.6M 25k 101.51
Limited Brands 0.8 $2.6M 84k 30.73
Marriott International (MAR) 0.8 $2.6M 62k 41.54
Beckman Coulter Inc note 2.500%12/1 0.8 $2.5M 2.1k 1143.50
Ingersoll-rand Co Ltd-cl A 0.8 $2.5M 52k 47.09
Boston Pptys Ltd Partnership note 3.750% 5/1 0.8 $2.4M 2.2k 1118.33
Charles Riv Labs Intl Inc note 2.250% 6/1 0.8 $2.4M 2.0k 1185.62
Amgen Inc note 0.375% 2/0 0.7 $2.4M 2.4k 1003.08
National City Corp note 4.000% 2/0 0.7 $2.3M 2.2k 1038.56
Cameron International Corp note 2.500% 6/1 0.7 $2.3M 1.6k 1446.02
Newell Financial Trust I Cvt P convert 0.7 $2.3M 54k 42.12
J.M. Smucker Company (SJM) 0.7 $2.2M 34k 65.65
Ppl Corp unit 99/99/9999 0.7 $2.3M 41k 54.94
SLM Corporation (SLM) 0.7 $2.2M 173k 12.59
Wyndham Worldwide Corporation 0.7 $2.2M 73k 29.96
Apache Corp. 6% Mandatory Conv pfd cv 0.7 $2.2M 33k 66.54
Amphenol Corporation (APH) 0.7 $2.2M 41k 52.78
United States Steel Corporation (X) 0.7 $2.1M 36k 58.42
McCormick & Company, Incorporated (MKC) 0.7 $2.1M 46k 46.53
L-3 Communications Corp debt 3.000% 8/0 0.7 $2.1M 2.0k 1030.63
Bunge Limited 4.875% Cum. Cv. pfd cv 0.7 $2.1M 22k 93.56
Eastman Chemical Company (EMN) 0.7 $2.1M 25k 84.08
Abercrombie & Fitch (ANF) 0.7 $2.1M 36k 57.63
Allegheny Technologies Inc note 4.250% 6/0 0.6 $2.0M 1.3k 1516.68
Textron (TXT) 0.6 $2.0M 84k 23.64
Wells Fargo & Company Non-cum Perpet cnv (WFC.PL) 0.6 $2.0M 2.0k 1000.48
Xilinx 0.6 $2.0M 68k 28.98
CIGNA Corporation 0.6 $2.0M 54k 36.66
CF Industries Holdings (CF) 0.6 $2.0M 15k 135.15
T. Rowe Price (TROW) 0.6 $1.9M 30k 64.54
Legg Mason 0.6 $1.9M 53k 36.27
Sherwin-Williams Company (SHW) 0.6 $1.9M 23k 83.75
D Xl Company Switzerland Equity conv pref. 0.6 $1.9M 62k 31.16
Clorox Company (CLX) 0.6 $1.8M 29k 63.28
Vornado Rlty L P debt 0.6 $1.9M 1.6k 1127.73
Microchip Technology (MCHP) 0.6 $1.8M 53k 34.21
Mylan 0.6 $1.8M 86k 21.13
Harris Corporation 0.6 $1.8M 40k 45.30
Flowserve Corporation (FLS) 0.6 $1.8M 15k 119.22
Best Buy Inc sdcv 2.250% 1/1 0.5 $1.7M 1.6k 1080.75
Parker-Hannifin Corporation (PH) 0.5 $1.7M 20k 86.30
Windstream Corporation 0.5 $1.7M 121k 13.94
Rowan Companies 0.5 $1.7M 48k 34.91
Invitrogen Corp note 3.250% 6/1 0.5 $1.6M 1.3k 1193.54
Great Plains Energy Inc unit 06/15/2042 0.5 $1.6M 25k 64.00
Fidelity National Information Services (FIS) 0.5 $1.5M 56k 27.39
Nextera Energy Cvp convert 0.5 $1.5M 31k 49.64
CenturyLink 0.5 $1.5M 32k 46.17
Harman International Industries 0.5 $1.5M 32k 46.30
Stanley Black & Decker Inc unit 99/99/9999 0.5 $1.5M 14k 108.81
Capital One Financial (COF) 0.5 $1.5M 35k 42.56
Prologis debt 0.5 $1.4M 1.4k 1004.84
Health Care Reit Inc Cvt cv bnd 0.5 $1.4M 1.2k 1158.84
Hartford Finl Svcs Group Inc dep conv p 0.5 $1.4M 56k 25.61
TECO Energy 0.4 $1.4M 78k 17.80
Rockwell Collins 0.4 $1.4M 24k 58.26
Archer Daniels Midland Co unit 99/99/9999 0.4 $1.3M 34k 38.83
DENTSPLY International 0.4 $1.3M 39k 34.17
Manitowoc Company 0.4 $1.3M 102k 13.11
Rockwell Automation (ROK) 0.4 $1.3M 19k 71.71
Cooper Industries 0.4 $1.3M 22k 58.29
PerkinElmer (RVTY) 0.4 $1.3M 50k 25.82
Coca-cola Enterprises 0.4 $1.3M 52k 25.03
Comerica Incorporated (CMA) 0.4 $1.3M 30k 42.24
Ca 0.4 $1.3M 52k 24.44
Lowe's Companies (LOW) 0.4 $1.3M 51k 25.08
Pall Corporation 0.4 $1.2M 25k 49.58
iShares iBoxx $ High Yid Corp Bond (HYG) 0.4 $1.2M 14k 90.29
Analog Devices (ADI) 0.4 $1.2M 32k 37.67
ITT Corporation 0.4 $1.2M 23k 52.11
Boston Properties (BXP) 0.4 $1.1M 13k 86.10
Discover Financial Services (DFS) 0.3 $1.1M 60k 18.53
Wisconsin Energy Corporation 0.3 $1.1M 19k 58.86
Frontier Communications 0.3 $1.1M 115k 9.73
Integrys Energy 0.3 $1.1M 23k 48.51
Total System Services 0.3 $1.1M 71k 15.38
Linear Technology Corporation 0.3 $1.1M 31k 34.59
National Semiconductor Corporation 0.3 $1.0M 76k 13.76
Molex Incorporated 0.3 $945k 42k 22.72
KLA-Tencor Corporation (KLAC) 0.3 $962k 25k 38.64
RadioShack Corporation 0.3 $921k 50k 18.49
C.R. Bard 0.3 $872k 9.5k 91.77
SCANA Corporation 0.3 $840k 21k 40.60
Huntington Bancshares Incorporated (HBAN) 0.2 $543k 79k 6.87
NiSource (NI) 0.2 $515k 29k 17.62
Zions Bancorporation (ZION) 0.1 $451k 19k 24.23
Textron Inc note 4.500% 5/0 0.1 $390k 202.00 1928.13
Vale Cap Ii gtd cv 6.75%12 0.1 $357k 3.7k 96.47
Hudson City Ban 0.1 $316k 25k 12.74
3m Co cv bnd 0.1 $191k 206.00 928.13
Keycorp New pfd 7.75% sr a 0.0 $121k 1.1k 107.10
Fifth Third Bancorp cnv pfd dep1/250 0.0 $64k 435.00 147.57
Aviat Networks 0.0 $50k 9.8k 5.07
Bank Of America Corporation preferred (BAC.PL) 0.0 $77k 80.00 956.97
Huntington Bancshares Inc pfd conv ser a 0.0 $56k 52.00 1081.00
Bk Of Amer Prfd equs 0.0 $49k 2.0k 24.72
Ing Groep Nv equs 0.0 $69k 3.4k 20.40
Principal Financial preferred 0.0 $52k 2.1k 24.84
Exxon Mobil Corporation (XOM) 0.0 $25k 335.00 73.12
SLM Corporation (SLMPRA) 0.0 $31k 725.00 42.80
iShares Lehman 1-3 Year Treas.Bond (SHY) 0.0 $29k 350.00 83.98
Metlife Inc. 6.5% Pfd Non-cumu p 0.0 $37k 1.5k 24.80
Consolidated Edison Ny Pfd $5 0.0 $39k 425.00 92.25
Goldman Sachs Grp 0.0 $36k 1.5k 24.15
Dupont Pfd B p (CTA.PB) 0.0 $46k 500.00 92.45
Us Bancorp Float Rate Pfd 3.5%min (USB.PH) 0.0 $36k 1.6k 22.52
Metlife Inc Pfd A Flt preferr (MET.PA) 0.0 $29k 1.2k 23.74
Morgan Stanley Pfd A preferr (MS.PA) 0.0 $42k 2.2k 19.28
Bank Of America Corp equs 0.0 $44k 2.0k 21.98
Bk America Pfd equs 0.0 $32k 1.5k 21.51
Alabama Pwr Co preferred 0.0 $20k 800.00 25.05
Alabama Pwr Co preferred 0.0 $39k 1.6k 24.86
Alabama Pwr Co preferred 0.0 $26k 1.0k 25.70
Hsbc Usa Inc New preferred 0.0 $26k 1.2k 21.29
Hsbc Usa Inc New preferred 0.0 $34k 1.4k 24.43
Interstate Pwr & Lt preferred 0.0 $34k 1.2k 28.50
Mississippi Power Co preferred 0.0 $45k 1.8k 24.80
Pacific Gas & Elec preferred 0.0 $37k 1.4k 26.09
Southern Calif Ediso preferred 0.0 $30k 1.6k 18.45
Suntrust Bks Inc preferred 0.0 $16k 800.00 19.93
Diamond Offshore Drilling 0.0 $9.7k 145.00 66.87
Hasbro (HAS) 0.0 $9.2k 195.00 47.18
Time Warner 0.0 $10k 315.00 32.17
iShares FTSE/Xinhua China 25 Index (FXI) 0.0 $2.6k 60.00 43.09
iShares MSCI Emerging Markets Indx (EEM) 0.0 $2.4k 50.00 47.64
Microsoft Corporation (MSFT) 0.0 $10k 365.00 27.91
Cabot Oil & Gas Corporation (CTRA) 0.0 $10k 265.00 37.85
Caterpillar (CAT) 0.0 $10k 110.00 93.66
Coca-Cola Company (KO) 0.0 $13k 200.00 65.77
CSX Corporation (CSX) 0.0 $9.7k 150.00 64.61
Devon Energy Corporation (DVN) 0.0 $10k 130.00 78.51
Ecolab (ECL) 0.0 $9.8k 195.00 50.42
McDonald's Corporation (MCD) 0.0 $9.2k 120.00 76.76
Range Resources (RRC) 0.0 $9.9k 220.00 44.98
Via 0.0 $9.7k 245.00 39.61
Walt Disney Company (DIS) 0.0 $9.6k 255.00 37.51
Norfolk Southern (NSC) 0.0 $9.7k 155.00 62.82
Chevron Corporation (CVX) 0.0 $11k 115.00 91.25
General Electric Company 0.0 $5.5k 300.00 18.29
Apache Corporation 0.0 $10k 85.00 119.23
Autodesk (ADSK) 0.0 $9.9k 260.00 38.20
BMC Software 0.0 $9.9k 210.00 47.14
Carnival Corporation (CCL) 0.0 $10k 225.00 46.11
Citrix Systems 0.0 $9.2k 135.00 68.41
Coach 0.0 $9.1k 165.00 55.31
Cummins (CMI) 0.0 $11k 95.00 110.01
FMC Technologies 0.0 $9.8k 110.00 88.91
Family Dollar Stores 0.0 $9.4k 190.00 49.71
International Game Technology 0.0 $11k 600.00 17.69
Mattel (MAT) 0.0 $9.4k 370.00 25.43
NVIDIA Corporation (NVDA) 0.0 $10k 665.00 15.40
Newmont Mining Corporation (NEM) 0.0 $9.8k 160.00 61.43
Noble Energy 0.0 $9.9k 115.00 86.08
Snap-on Incorporated (SNA) 0.0 $9.9k 175.00 56.58
McGraw-Hill Companies 0.0 $9.8k 270.00 36.41
Union Pacific Corporation (UNP) 0.0 $9.7k 105.00 92.66
V.F. Corporation (VFC) 0.0 $9.5k 110.00 86.18
Adobe Systems Incorporated (ADBE) 0.0 $10k 335.00 30.78
Intel Corporation (INTC) 0.0 $9.3k 440.00 21.03
Ross Stores (ROST) 0.0 $9.2k 145.00 63.25
Johnson Controls 0.0 $9.6k 250.00 38.20
Darden Restaurants (DRI) 0.0 $8.8k 190.00 46.44
Emerson Electric (EMR) 0.0 $9.7k 170.00 57.17
International Flavors & Fragrances (IFF) 0.0 $9.7k 175.00 55.59
National-Oilwell Var 0.0 $10k 150.00 67.25
Polo Ralph Lauren Corporation 0.0 $9.4k 85.00 110.92
McAfee 0.0 $9.3k 200.00 46.31
Helmerich & Payne (HP) 0.0 $9.9k 205.00 48.48
Yum! Brands (YUM) 0.0 $9.1k 185.00 49.05
Red Hat 0.0 $9.6k 210.00 45.65
Compuware Corporation 0.0 $10k 890.00 11.67
Alcoa 0.0 $11k 700.00 15.39
Anadarko Petroleum Corporation 0.0 $11k 140.00 76.16
ConocoPhillips (COP) 0.0 $11k 155.00 68.10
Deere & Company (DE) 0.0 $10k 125.00 83.05
Hess (HES) 0.0 $10k 130.00 76.54
News Corporation 0.0 $9.8k 675.00 14.56
Occidental Petroleum Corporation (OXY) 0.0 $10k 105.00 98.10
Schlumberger (SLB) 0.0 $10k 120.00 83.50
Sigma-Aldrich Corporation 0.0 $9.7k 145.00 66.56
Symantec Corporation 0.0 $9.2k 550.00 16.74
Target Corporation (TGT) 0.0 $9.9k 165.00 60.13
Gap (GPS) 0.0 $9.7k 440.00 22.04
Ford Motor Company (F) 0.0 $9.7k 580.00 16.79
Danaher Corporation (DHR) 0.0 $10k 215.00 47.17
LSI Corporation 0.0 $9.6k 1.6k 5.99
Freeport-McMoRan Copper & Gold (FCX) 0.0 $11k 90.00 120.09
TJX Companies (TJX) 0.0 $9.1k 205.00 44.39
Illinois Tool Works (ITW) 0.0 $10k 195.00 53.40
Murphy Oil Corporation (MUR) 0.0 $10k 135.00 74.55
Starbucks Corporation (SBUX) 0.0 $9.6k 300.00 32.13
EOG Resources (EOG) 0.0 $9.6k 105.00 91.41
Washington Post Company 0.0 $11k 25.00 439.50
Gannett 0.0 $11k 695.00 15.09
Big Lots (BIG) 0.0 $9.3k 305.00 30.46
Dover Corporation (DOV) 0.0 $9.6k 165.00 58.45
Chesapeake Energy Corporation 0.0 $12k 445.00 25.91
First Solar (FSLR) 0.0 $9.8k 75.00 130.14
Oracle Corporation (ORCL) 0.0 $11k 345.00 31.30
Paccar (PCAR) 0.0 $9.7k 170.00 57.34
Pioneer Natural Resources (PXD) 0.0 $10k 115.00 86.82
Roper Industries (ROP) 0.0 $9.9k 130.00 76.43
Southwestern Energy Company (SWN) 0.0 $9.5k 255.00 37.43
Marathon Oil Corporation (MRO) 0.0 $10k 275.00 37.03
Meredith Corporation 0.0 $9.5k 275.00 34.65
New York Times Company (NYT) 0.0 $10k 1.0k 9.80
Wynn Resorts (WYNN) 0.0 $9.3k 90.00 103.84
Advanced Micro Devices (AMD) 0.0 $10k 1.3k 8.18
Micron Technology (MU) 0.0 $10k 1.3k 8.02
salesforce (CRM) 0.0 $8.6k 65.00 132.00
Broadcom Corporation 0.0 $8.9k 205.00 43.55
Intuit (INTU) 0.0 $9.9k 200.00 49.30
Denbury Resources 0.0 $9.6k 505.00 19.09
Titanium Metals Corporation 0.0 $9.0k 525.00 17.18
Urban Outfitters (URBN) 0.0 $9.0k 250.00 35.81
Novell 0.0 $9.4k 1.6k 5.92
Cameron International Corporation 0.0 $9.6k 190.00 50.73
EQT Corporation (EQT) 0.0 $10k 230.00 44.84
Nabors Industries 0.0 $9.9k 420.00 23.46
iShares MSCI Brazil Index (EWZ) 0.0 $2.3k 30.00 77.40
iShares MSCI Taiwan Index 0.0 $3.0k 190.00 15.62
QEP Resources 0.0 $9.4k 260.00 36.31
Market Vectors Vietnam ETF. 0.0 $2.6k 100.00 26.18
iShares MSCI South Africa Index (EZA) 0.0 $3.0k 40.00 74.68
Global X InterBolsa FTSE Colombia20 0.0 $2.6k 60.00 42.53
MSCI Emerging Markets East. Eur Ind 0.0 $2.8k 90.00 31.66