Chief Executive Officer

0000909012-15-000283.txt : 20150814 0000909012-15-000283.hdr.sgml : 20150814 20150814131443 ACCESSION NUMBER: 0000909012-15-000283 CONFORMED SUBMISSION TYPE: 13F-HR PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20150630 FILED AS OF DATE: 20150814 DATE AS OF CHANGE: 20150814 EFFECTIVENESS DATE: 20150814 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Laffer Investments CENTRAL INDEX KEY: 0001307878 IRS NUMBER: 200536838 STATE OF INCORPORATION: TN FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 13F-HR SEC ACT: 1934 Act SEC FILE NUMBER: 028-10975 FILM NUMBER: 151054360 BUSINESS ADDRESS: STREET 1: 103 MURPHY COURT CITY: NASHVILLE STATE: TN ZIP: 37203 BUSINESS PHONE: 6154600100 MAIL ADDRESS: STREET 1: 103 MURPHY COURT CITY: NASHVILLE STATE: TN ZIP: 37203 13F-HR 1 primary_doc.xml 13F-HR LIVE false false false 0001307878 XXXXXXXX 06-30-2015 06-30-2015 Laffer Investments

103 MURPHY COURT NASHVILLE TN 37203

13F HOLDINGS REPORT 028-10975 N Arthur B. Laffer, Jr. Chief Executive Officer 615 460 0100 /s/ ARTHUR B. LAFFER Nashville TN 08-14-2015 0 219 412131887 false INFORMATION TABLE 2 aci_13f.xml ADT Corporation COMMON STOCKS 00101J106 1362707 40593 SH OTR ALL 40593 0 0 Altria Group Inc COMMON STOCKS 02209S103 200531 4100 SH OTR ALL 4100 0 0 American Tower Corp - Cl A COMMON STOCKS 03027X100 2140819 22948 SH OTR ALL 22948 0 0 Amerisourcebergen Corp Com COMMON STOCKS 03073E105 1692933 15920 SH OTR ALL 15920 0 0 Amphenol Corp COMMON STOCKS 032095101 1774114 30604 SH OTR ALL 30604 0 0 Aon PLC COMMON STOCKS G0408V102 1933094 19393 SH OTR ALL 19393 0 0 Apartment Investment & Management Company COMMON STOCKS 03748R101 1449983 39263 SH OTR ALL 39263 0 0 ARES CAPITAL CORP COMMON STOCKS 04010L103 198195 12041 SH OTR ALL 12041 0 0 Autozone Inc COMMON STOCKS 053332102 1769286 2653 SH OTR ALL 2653 0 0 Bank of America Corp COMMON STOCKS 060505104 1697149 99715 SH OTR ALL 99715 0 0 BB&T Corp COMMON STOCKS 054937107 1958502 48586 SH OTR ALL 48586 0 0 BCE Inc New COMMON STOCKS 05534B760 1898469 44670 SH OTR ALL 44669 0 0 Bed Bath & Beyond In COMMON STOCKS 075896100 1572813 22801 SH OTR ALL 22801 0 0 Berkshire Hathaway Inc Cl B COMMON STOCKS 084670702 7248674 53256 SH OTR ALL 53256 0 0 Best Buy Inc COMMON STOCKS 086516101 1454113 44591 SH OTR ALL 44591 0 0 Blackrock Inc COMMON STOCKS 09247X101 2180587 6303 SH OTR ALL 6302 0 0 Block H & R Inc COMMON STOCKS 093671105 1491988 50320 SH OTR ALL 50320 0 0 Boeing Co COMMON STOCKS 097023105 1851127 13344 SH OTR ALL 13344 0 0 Boston Scientific Co COMMON STOCKS 101137107 1867633 105516 SH OTR ALL 105516 0 0 Bristol Myers Squibb COMMON STOCKS 110122108 3527552 53014 SH OTR ALL 53014 0 0 Broadcom Corp COMMON STOCKS 111320107 2132922 41424 SH OTR ALL 41424 0 0 Brown-Forman Corporation COMMON STOCKS 115637209 1842511 18392 SH OTR ALL 18392 0 0 Cameron International Corp COMMON STOCKS 13342B105 1457038 27822 SH OTR ALL 27822 0 0 Campbell Soup Co COMMON STOCKS 134429109 1612285 33836 SH OTR ALL 33836 0 0 Cardinal Health Inc COMMON STOCKS 14149Y108 1914163 22883 SH OTR ALL 22883 0 0 Carmax Inc COMMON STOCKS 143130102 1555604 23495 SH OTR ALL 23495 0 0 Cisco Sys Inc COMMON STOCKS 17275R102 1951994 71085 SH OTR ALL 71085 0 0 Clorox Co COMMON STOCKS 189054109 1611998 15497 SH OTR ALL 15497 0 0 CME Group Inc COMMON STOCKS 12572Q105 1976967 21244 SH OTR ALL 21244 0 0 CMS Energy Corp COMMON STOCKS 125896100 1482439 46559 SH OTR ALL 46559 0 0 Coca-Cola Company COMMON STOCKS 191216100 6175670 157422 SH OTR ALL 157422 0 0 Constellation Brands COMMON STOCKS 21036P108 1801559 15528 SH OTR ALL 15528 0 0 Corning Inc COMMON STOCKS 219350105 1813009 91891 SH OTR ALL 91891 0 0 Crown Castle Intl Corp COMMON STOCKS 22822V101 1826424 22745 SH OTR ALL 22745 0 0 D.R. Horton Inc COMMON STOCKS 23331A109 1692873 61874 SH OTR ALL 61874 0 0 Darden Restaurants COMMON STOCKS 237194105 1741886 24506 SH OTR ALL 24506 0 0 Davita Health Care Partners Inc COMMON STOCKS 23918K108 1652499 20794 SH OTR ALL 20794 0 0 Delta Air Lines, Inc. COMMON STOCKS 247361702 1942632 47289 SH OTR ALL 47289 0 0 Dollar General Corp. COMMON STOCKS 256677105 1896701 24398 SH OTR ALL 24398 0 0 Dr Pepper Snapple Group Inc. COMMON STOCKS 26138E109 1591334 21829 SH OTR ALL 21829 0 0 DTE Energy Co COMMON STOCKS 233331107 1563484 20947 SH OTR ALL 20947 0 0 Dun & Bradstreet Corp COMMON STOCKS 26483E100 1397754 11457 SH OTR ALL 11457 0 0 Eaton Corp COMMON STOCKS G29183103 1815548 26901 SH OTR ALL 26901 0 0 Ebay Inc COMMON STOCKS 278642103 2727968 45285 SH OTR ALL 45285 0 0 Ecolab Inc COMMON STOCKS 278865100 1965835 17386 SH OTR ALL 17386 0 0 Energy Transfer Partners LP COMMON STOCKS 29273R109 1434600 27483 SH OTR ALL 27482 0 0 Equifax Inc COMMON STOCKS 294429105 1552178 15987 SH OTR ALL 15987 0 0 Family Dlr Stores Inc COMMON STOCKS 307000109 1541130 19555 SH OTR ALL 19555 0 0 Fastenal Co. COMMON STOCKS 311900104 1598411 37895 SH OTR ALL 37895 0 0 Fidelity Natl Inform COMMON STOCKS 31620M106 1662235 26897 SH OTR ALL 26897 0 0 Ford Motor Co COMMON STOCKS 345370860 1849453 123215 SH OTR ALL 123214 0 0 General Electric Co COMMON STOCKS 369604103 19748 743 SH OTR ALL 743 0 0 Glaxosmithkline PLC COMMON STOCKS 37733W105 16120 387 SH OTR ALL 387 0 0 Goldman Sachs Group COMMON STOCKS 38141G104 1697045 8128 SH OTR ALL 8128 0 0 Grainger W W Inc COMMON STOCKS 384802104 1565913 6617 SH OTR ALL 6617 0 0 Hershey Foods Corp COMMON STOCKS 427866108 1656324 18646 SH OTR ALL 18646 0 0 Home Depot Inc COMMON STOCKS 437076102 4353740 39177 SH OTR ALL 39177 0 0 Huntington Bancshare COMMON STOCKS 446150104 1576128 139357 SH OTR ALL 139357 0 0 Intuitive Surgical Inc COMMON STOCKS 46120E602 1700111 3509 SH OTR ALL 3509 0 0 Invesco Ltd. COMMON STOCKS G491BT108 1538065 41026 SH OTR ALL 41026 0 0 J P Morgan Chase & Co COMMON STOCKS 46625H100 3859066 56952 SH OTR ALL 56951 0 0 Johnson & Johnson COMMON STOCKS 478160104 1882544 19316 SH OTR ALL 19316 0 0 Kinder Morgan Inc COMMON STOCKS 49456B101 1919615 50003 SH OTR ALL 50003 0 0 L Brands Inc COMMON STOCKS 501797104 1725745 20130 SH OTR ALL 20130 0 0 Level 3 Communication COMMON STOCKS 52729N308 1562087 29658 SH OTR ALL 29658 0 0 LyondellBasell Industries NV COMMON STOCKS N53745100 1969157 19022 SH OTR ALL 19022 0 0 Marathon Oil Corp COMMON STOCKS 565849106 1519733 57262 SH OTR ALL 57262 0 0 Marathon Petroleum Corporation COMMON STOCKS 56585A102 1929611 36888 SH OTR ALL 36888 0 0 Martin Marietta Materials COMMON STOCKS 573284106 1470147 10389 SH OTR ALL 10389 0 0 McDonalds Corp COMMON STOCKS 580135101 3129134 32914 SH OTR ALL 32914 0 0 Mckesson Corp COMMON STOCKS 58155Q103 2394901 10653 SH OTR ALL 10653 0 0 Merck & Co Inc COMMON STOCKS 58933Y105 4227337 74255 SH OTR ALL 74255 0 0 Microsoft Corp COMMON STOCKS 594918104 2216521 50204 SH OTR ALL 50204 0 0 Mohawk Industries Inc COMMON STOCKS 608190104 1718864 9004 SH OTR ALL 9004 0 0 Moody's Corp COMMON STOCKS 615369105 1765470 16353 SH OTR ALL 16353 0 0 Morgan Stanley COMMON STOCKS 617446448 2444158 63010 SH OTR ALL 63010 0 0 Newell Rubbermaid Inc. COMMON STOCKS 651229106 1640577 39907 SH OTR ALL 39907 0 0 NextEra Energy Inc COMMON STOCKS 65339F101 1869865 19074 SH OTR ALL 19074 0 0 NGL Energy Partners LP COMMON STOCKS 62913M107 1285429 42381 SH OTR ALL 42381 0 0 Northstar Realty Financial Corp COMMON STOCKS 66704R704 2041128 128373 SH OTR ALL 128372 0 0 Nucor Corp COMMON STOCKS 670346105 1489963 33809 SH OTR ALL 33809 0 0 O'Reilly Automotive Inc. COMMON STOCKS 67103H107 1838347 8135 SH OTR ALL 8135 0 0 Occidental Pete Corp COMMON STOCKS 674599105 1718639 22099 SH OTR ALL 22099 0 0 Omega Healthcare Investors Inc COMMON STOCKS 681936100 1937938 56450 SH OTR ALL 56450 0 0 Oracle Systems Corp COMMON STOCKS 68389X105 3738994 92779 SH OTR ALL 92779 0 0 Paccar Inc COMMON STOCKS 693718108 1750372 27431 SH OTR ALL 27431 0 0 Paychex Inc COMMON STOCKS 704326107 3578716 76338 SH OTR ALL 76337 0 0 People's United Financial COMMON STOCKS 712704105 1554831 95918 SH OTR ALL 95918 0 0 Pepsico Inc COMMON STOCKS 713448108 3997472 42827 SH OTR ALL 42827 0 0 Pfizer Inc COMMON STOCKS 717081103 1898111 56609 SH OTR ALL 56609 0 0 PG&E Corporation COMMON STOCKS 69331C108 1740251 35443 SH OTR ALL 35443 0 0 Philip Morris Intl Inc COMMON STOCKS 718172109 1594185 19885 SH OTR ALL 19885 0 0 Pitney Bowes Inc COMMON STOCKS 724479100 1341808 64479 SH OTR ALL 64479 0 0 Precision Castparts Corp COMMON STOCKS 740189105 1868385 9348 SH OTR ALL 9348 0 0 Priceline.com COMMON STOCKS 741503403 2305043 2002 SH OTR ALL 2002 0 0 Progressive Corp Ohi COMMON STOCKS 743315103 1715469 61641 SH OTR ALL 61641 0 0 Prologis COMMON STOCKS 74340W103 1676586 45191 SH OTR ALL 45191 0 0 Quanta Services COMMON STOCKS 74762E102 1514722 52558 SH OTR ALL 52558 0 0 Ralph Lauren Corp Cl A COMMON STOCKS 751212101 1559201 11780 SH OTR ALL 11780 0 0 Red Hat Inc COMMON STOCKS 756577102 1650642 21739 SH OTR ALL 21739 0 0 Regeneron Pharmaceuticals COMMON STOCKS 75886F107 2220596 4353 SH OTR ALL 4353 0 0 Robert Half International, Inc. COMMON STOCKS 770323103 1522809 27438 SH OTR ALL 27438 0 0 Scana Corp COMMON STOCKS 80589M102 1453351 28694 SH OTR ALL 28694 0 0 Schlumberger Ltd COMMON STOCKS 806857108 3297888 38263 SH OTR ALL 38263 0 0 Seagate Technology Plc COMMON STOCKS G7945M107 1404195 29562 SH OTR ALL 29562 0 0 Sherwin Williams Co COMMON STOCKS 824348106 1814582 6598 SH OTR ALL 6598 0 0 Snap On Tools Corp COMMON STOCKS 833034101 1597118 10029 SH OTR ALL 10029 0 0 Southwest Airlines co COMMON STOCKS 844741108 1577665 47678 SH OTR ALL 47678 0 0 St Jude Med Inc COMMON STOCKS 790849103 1768221 24199 SH OTR ALL 24199 0 0 Stanley Black & Decker Inc COMMON STOCKS 854502101 1722989 16372 SH OTR ALL 16372 0 0 Starbucks Corp COMMON STOCKS 855244109 2935153 54745 SH OTR ALL 54745 0 0 Suntrust Bks Inc COMMON STOCKS 867914103 1804861 41954 SH OTR ALL 41954 0 0 Target Corp COMMON STOCKS 87612E106 1971184 24148 SH OTR ALL 24147 0 0 Teradata Corp COMMON STOCKS 88076W103 1233210 33330 SH OTR ALL 33330 0 0 Tesoro Corporation COMMON STOCKS 881609101 1485278 17596 SH OTR ALL 17596 0 0 Textron Inc COMMON STOCKS 883203101 1584856 35511 SH OTR ALL 35511 0 0 Thermo Fisher Scientific Inc COMMON STOCKS 883556102 2423138 18674 SH OTR ALL 18674 0 0 Time Warner Inc COMMON STOCKS 887317303 2738118 31325 SH OTR ALL 31325 0 0 Total Sys Svcs Inc COMMON STOCKS 891906109 1537303 36804 SH OTR ALL 36804 0 0 Travelers Companies COMMON STOCKS 89417E109 1910002 19760 SH OTR ALL 19760 0 0 Union Pac Corp COMMON STOCKS 907818108 2907354 30485 SH OTR ALL 30485 0 0 United Parcel Services COMMON STOCKS 911312106 2014204 20784 SH OTR ALL 20784 0 0 United Technologies COMMON STOCKS 913017109 3159841 28485 SH OTR ALL 28485 0 0 Valero Energy Corp COMMON STOCKS 91913Y100 2095973 33482 SH OTR ALL 33482 0 0 Varian Medical Systems Inc COMMON STOCKS 92220P105 1503520 17829 SH OTR ALL 17829 0 0 Visa. Inc - Class A Shares COMMON STOCKS 92826C839 4545518 67692 SH OTR ALL 67692 0 0 Vodafone Group Plc-Sp Adr COMMON STOCKS 92857W308 2055563 56394 SH OTR ALL 56394 0 0 Vulcan Materials Co COMMON STOCKS 929160109 1533149 18267 SH OTR ALL 18267 0 0 W P Carey Inc COMMON STOCKS 92936U109 1797799 30502 SH OTR ALL 30502 0 0 Wal-Mart Stores Inc COMMON STOCKS 931142103 3486777 49158 SH OTR ALL 49158 0 0 Weyerhaeuser Co COMMON STOCKS 962166104 1701977 54031 SH OTR ALL 54031 0 0 Whole Foods Market Inc COMMON STOCKS 966837106 1429148 36236 SH OTR ALL 36236 0 0 Williams Cos Inc Del COMMON STOCKS 969457100 20575 359 SH OTR ALL 358 0 0 Wisconsin Energy Corp COMMON STOCKS 92939U106 1891438 42060 SH OTR ALL 42060 0 0 Zions Bancorp COMMON STOCKS 989701107 1623055 51144 SH OTR ALL 51144 0 0 Apollo Invt Corp CONVERTIBLE BOND 03761UAE6 1836751 1712 SH OTR ALL 1712 0 0 Ares Capital Corp Conv Bond CONVERTIBLE BOND 04010LAB9 2905036 2717 SH OTR ALL 2717 0 0 Citrix Systems Inc CONVERTIBLE BOND 177376AD2 1692316 1595 SH OTR ALL 1595 0 0 Developers Diversified Realty Corp CONVERTIBLE BOND 251591AX1 2094176 1923 SH OTR ALL 1923 0 0 Gilead Sciences Inc. Senior Note Conv B/E CONVERTIBLE BOND 375558AP8 5828018 1129 SH OTR ALL 1129 0 0 Heath Care REIT Inc Conv CONVERTIBLE BOND 42217KAR7 1942010 1493 SH OTR ALL 1493 0 0 Intel Corp CONVERTIBLE BOND 458140AF7 3709398 2396 SH OTR ALL 2396 0 0 Intel Corp CONVERTIBLE BOND 458140AD2 2780602 2304 SH OTR ALL 2304 0 0 Janus Capitol Group Inc. CONVERTIBLE BOND 47102XAH8 1167036 721 SH OTR ALL 721 0 0 Lam Research Corp 1.25 CONVERTIBLE BOND 512807AL2 2192949 1533 SH OTR ALL 1533 0 0 Macquarie Infrastructure CONVERTIBLE BOND 55608BAA3 1251057 1036 SH OTR ALL 1036 0 0 Newmont Mining Corp CONVERTIBLE BOND 651639AJ5 1067200 1036 SH OTR ALL 1036 0 0 Novellus Systems CONVERTIBLE BOND 670008AD3 1503871 629 SH OTR ALL 629 0 0 NVIDIA Corp CONVERTIBLE BOND 67066GAC8 1016647 882 SH OTR ALL 882 0 0 Old Republic Intl Corp CONVERTIBLE BOND 680223AH7 2138295 1776 SH OTR ALL 1776 0 0 Priceline Com Inc CONVERTIBLE BOND 741503AQ9 2945216 2206 SH OTR ALL 2206 0 0 Prospect Capital Corp CONVERTIBLE BOND 74348TAD4 1534216 1442 SH OTR ALL 1442 0 0 Rayonier TRS Holdings Inc. CONVERTIBLE BOND 75508AAC0 1244680 1087 SH OTR ALL 1087 0 0 RPM International Inc. CONVERTIBLE BOND 749685AT0 1295209 1111 SH OTR ALL 1111 0 0 Sandisk Corp CONVERTIBLE BOND 80004CAD3 2275418 1742 SH OTR ALL 1742 0 0 Seacor Holdings Inc CONVERTIBLE BOND 811904AM3 911366 888 SH OTR ALL 888 0 0 Starwood Ppty Tr Inc CONVERTIBLE BOND 85571BAA3 1056362 986 SH OTR ALL 986 0 0 Trinity Industires Inc CONVERTIBLE BOND 896522AF6 1501333 1182 SH OTR ALL 1182 0 0 Xilinx Inc CONVERTIBLE BOND 983919AF8 1124957 726 SH OTR ALL 726 0 0 Yahoo Inc Conv Bond CONVERTIBLE BOND 984332AF3 1118899 1088 SH OTR ALL 1088 0 0 Alcoa Inc. CONVERTIBLE PREFERRED STOCK 013817309 1259458 31315 SH OTR ALL 31315 0 0 Alexandria Real Estate CONVERTIBLE PREFERRED STOCK 015271505 1940010 69410 SH OTR ALL 69410 0 0 Allergan PLC CONVERTIBLE PREFERRED STOCK G0177J116 1468753 1406 SH OTR ALL 1406 0 0 American Tower Corp CONVERTIBLE PREFERRED STOCK 03027X308 1718609 16843 SH OTR ALL 16843 0 0 Anadarko Pertroleum Corp CONVERTIBLE PREFERRED STOCK 032511404 1278787 25320 SH OTR ALL 25320 0 0 Anthem Inc CONVERTIBLE PREFERRED STOCK 036752202 2470640 46990 SH OTR ALL 46990 0 0 Banc of California Inc. CONVERTIBLE PREFERRED STOCK 05990K700 234733 3615 SH OTR ALL 3615 0 0 Bunge Ltd. Perpetual Conv Pfd CONVERTIBLE PREFERRED STOCK G16962204 1449290 13306 SH OTR ALL 13306 0 0 Centerpoint Energy Inc CONVERTIBLE PREFERRED STOCK 15189T206 1142183 16351 SH OTR ALL 16351 0 0 Dominion Resources Inc CONVERTIBLE PREFERRED STOCK 25746U885 2298894 42625 SH OTR ALL 42625 0 0 Dominion Resources Inc CONVERTIBLE PREFERRED STOCK 25746U869 2032632 42688 SH OTR ALL 42688 0 0 Entertainment Properties CONVERTIBLE PREFERRED STOCK 26884U307 204750 6300 SH OTR ALL 6300 0 0 Exelon Corp CONVERTIBLE PREFERRED STOCK 30161N127 1176193 25685 SH OTR ALL 25685 0 0 Health Care REIT Inc PFD CONVERTIBLE PREFERRED STOCK 42217K601 1621997 27087 SH OTR ALL 27087 0 0 Laclede Group Inc CONVERTIBLE PREFERRED STOCK 505597500 1929089 35971 SH OTR ALL 35971 0 0 Nextera Energy Inc CONVERTIBLE PREFERRED STOCK 65339F861 2004420 36549 SH OTR ALL 36549 0 0 Nextera Energy Inc CONVERTIBLE PREFERRED STOCK 65339F887 2276749 36840 SH OTR ALL 36840 0 0 Southwestern Energy Co PFD CONVERTIBLE PREFERRED STOCK 845467208 1887109 37970 SH OTR ALL 37970 0 0 Stanley Black & Decker Inc PFD CONVERTIBLE PREFERRED STOCK 854502309 1655966 11466 SH OTR ALL 11466 0 0 Stanley Black & Decker Inc. CONVERTIBLE PREFERRED STOCK 854502804 1400925 11705 SH OTR ALL 11705 0 0 Tyson Foods Inc CONVERTIBLE PREFERRED STOCK 902494301 1660806 31965 SH OTR ALL 31965 0 0 United Technologies Corp PFD CONVERTIBLE PREFERRED STOCK 913017117 2408366 41738 SH OTR ALL 41738 0 0 Wells Fargo & Company PFD CONVERTIBLE PREFERRED STOCK 949746804 3192580 2704 SH OTR ALL 2704 0 0 Weyerhaeuser Company CONVERTIBLE PREFERRED STOCK 962166872 1896043 36133 SH OTR ALL 36133 0 0 Alerian MLP ETF EXCHANGE TRADED FUND 00162Q866 38978 2505 SH OTR ALL 2505 0 0 Consumer Staples Spdr EXCHANGE TRADED FUND 81369Y308 34082 716 SH OTR ALL 716 0 0 Guggenheim Enhanced Short Duration Bond ETF EXCHANGE TRADED FUND 18383M654 584984 11681 SH OTR ALL 11681 0 0 iShares 1-3 Year Credit Bond EXCHANGE TRADED FUND 464288646 641670 6092 SH OTR ALL 6092 0 0 iShares Barclays 3-7 Year Tr EXCHANGE TRADED FUND 464288661 164520 1338 SH OTR ALL 1338 0 0 iShares Currency Hedged Germany MSCI ETF EXCHANGE TRADED FUND 46434V704 5953738 228200 SH OTR ALL 228200 0 0 iShares Floating Rate Bond ETF EXCHANGE TRADED FUND 46429B655 409830 8093 SH OTR ALL 8093 0 0 iShares iBoxx High Yield Corp Bond ETF EXCHANGE TRADED FUND 464288513 552425 6221 SH OTR ALL 6221 0 0 iShares iBoxx Investment Grade EXCHANGE TRADED FUND 464287242 1113226 9620 SH OTR ALL 9620 0 0 ISHARES INC MSCI CDA INDEX FD EXCHANGE TRADED FUND 464286509 4943978 185376 SH OTR ALL 185376 0 0 ISHARES INC MSCI SINGAPORE INDEX FD EXCHANGE TRADED FUND 464286673 5167371 411088 SH OTR ALL 411088 0 0 iShares Intermediate Credit EXCHANGE TRADED FUND 464288638 1092628 10037 SH OTR ALL 10037 0 0 iShares Lehman 1-3 Tr EXCHANGE TRADED FUND 464287457 243463 2869 SH OTR ALL 2869 0 0 iShares Lehman 20+ Tr EXCHANGE TRADED FUND 464287432 24197 206 SH OTR ALL 206 0 0 iShares Lehman 7-10 Tr EXCHANGE TRADED FUND 464287440 42634 406 SH OTR ALL 406 0 0 iShares MBS ETF EXCHANGE TRADED FUND 464288588 870698 8016 SH OTR ALL 8016 0 0 ISHARES MSCI HONG KONG INDEX FUND EXCHANGE TRADED FUND 464286871 6080707 269535 SH OTR ALL 269535 0 0 iShares MSCI India ETF EXCHANGE TRADED FUND 46429B598 5853316 193115 SH OTR ALL 193115 0 0 iShares TIPS Bond ETF EXCHANGE TRADED FUND 464287176 510500 4556 SH OTR ALL 4556 0 0 ISHARES TRUST MSCI NEW ZEALAND EXCHANGE TRADED FUND 464289123 4652045 134142 SH OTR ALL 134142 0 0 SECTOR HEALTHCARE SELECT SECTOR SPDR ETF EXCHANGE TRADED FUND 81369Y209 60553 814 SH OTR ALL 814 0 0 Spdr S&P 500 EXCHANGE TRADED FUND 78462F103 6198730 30107 SH OTR ALL 30107 0 0 Vanguard Intermediate - Term Corporate Bond ETF EXCHANGE TRADED FUND 92206C870 136907 1605 SH OTR ALL 1605 0 0 Wisdomtree Japan Hedged Equity Fund EXCHANGE TRADED FUND 97717W851 6991384 122227 SH OTR ALL 122227 0 0 Citigroup Inc. PREFERRED STOCK 172967358 203250 7426 SH OTR ALL 7426 0 0 JPMorgan Chase & Co PREFERRED STOCK 48127A161 204961 7814 SH OTR ALL 7814 0 0 MORGAN STANLEY REPSTG 1/1000 FXD/VAR PREFERRED STOCK 61763E207 202661 7596 SH OTR ALL 7596 0 0 Nustar Logistics Lp PREFERRED STOCK 67059T204 203838 7692 SH OTR ALL 7692 0 0 Seaspan Corp PREFERRED STOCK Y75638133 197772 7845 SH OTR ALL 7845 0 0 Universal Health Services - B PREFERRED STOCK 913903100 1882541 13248 SH OTR ALL 13248 0 0 Wells Fargo & Co PREFERRED STOCK 949746556 196146 7692 SH OTR ALL 7692 0 0 General Growth Properties, Inc. REITS - usd 370023103 1529747 59616 SH OTR ALL 59616 0 0 Realty Income Corporation REITS - usd 756109104 1334186 30056 SH OTR ALL 30056 0 0 Safeway Casa Ley CVR WARRANTS 786cvr209 84316 83481 SH OTR ALL 83481 0 0 Safeway PDC, LLC CVR WARRANTS 786cvr308 4174 83481 SH OTR ALL 83481 0 0