Chief Executive Officer

0000909012-15-000325.txt : 20151110 0000909012-15-000325.hdr.sgml : 20151110 20151106124802 ACCESSION NUMBER: 0000909012-15-000325 CONFORMED SUBMISSION TYPE: 13F-HR PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20150930 FILED AS OF DATE: 20151106 DATE AS OF CHANGE: 20151106 EFFECTIVENESS DATE: 20151106 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: 151203536 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 09-30-2015 09-30-2015 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 11-05-2015 0 223 377922660 false INFORMATION TABLE 2 aci_13f.xml ADT Corporation COMMON STOCKS 00101J106 1213730 40593 PRN OTR 40593 0 0 0 Alcoa Inc. CONVERTIBLE PREFERRED STOCK 013817309 1041933 30780 PRN OTR 30780 0 0 0 Alerian MLP ETF EXCHANGE TRADED FUND 00162Q866 33995 2724 PRN OTR 2724 0 0 0 Alexandria Real Estate CONVERTIBLE PREFERRED STOCK 015271505 1978989 73155 PRN OTR 73155 0 0 0 Allergan PLC CONVERTIBLE PREFERRED STOCK G0177J116 2129946 2254 PRN OTR 2254 0 0 0 Altria Group Inc COMMON STOCKS 02209S103 230220 4232 PRN OTR 4232 0 0 0 American Tower Corp CONVERTIBLE PREFERRED STOCK 03027X308 2053782 20605 PRN OTR 20605 0 0 0 American Tower Corp - Cl A COMMON STOCKS 03027X100 2018965 22948 PRN OTR 22948 0 0 0 Amerisourcebergen Corp Com COMMON STOCKS 03073E105 1512240 15920 PRN OTR 15920 0 0 0 Amphenol Corp COMMON STOCKS 032095101 1559579 30604 PRN OTR 30604 0 0 0 Anadarko Pertroleum Corp CONVERTIBLE PREFERRED STOCK 032511404 1628995 43605 PRN OTR 43605 0 0 0 Anthem Inc CONVERTIBLE PREFERRED STOCK 036752202 2811666 58000 PRN OTR 58000 0 0 0 Aon PLC COMMON STOCKS G0408V102 1718413 19393 PRN OTR 19393 0 0 0 Apartment Investment & Management Company COMMON STOCKS 03748R101 1453516 39263 PRN OTR 39263 0 0 0 Apollo Invt Corp CONVERTIBLE BOND 03761UAE6 1736559 1678 PRN OTR 1678 0 0 0 ARES CAPITAL CORP COMMON STOCKS 04010L103 183490 12672 PRN OTR 12672 0 0 0 Ares Capital Corp Conv Bond CONVERTIBLE BOND 04010LAB9 2731503 2659 PRN OTR 2659 0 0 0 Autozone Inc COMMON STOCKS 053332102 1920320 2653 PRN OTR 2653 0 0 0 Banc of California Inc. CONVERTIBLE PREFERRED STOCK 05990K700 217283 3735 PRN OTR 3735 0 0 0 Bank of America Corp COMMON STOCKS 060505104 1553559 99715 PRN OTR 99715 0 0 0 BB&T Corp COMMON STOCKS 054937107 1729661 48586 PRN OTR 48586 0 0 0 BCE Inc New COMMON STOCKS 05534B760 1355851 33101 PRN OTR 33101.837 0 0 0 Bed Bath & Beyond In COMMON STOCKS 075896100 1300113 22801 PRN OTR 22801 0 0 0 Berkshire Hathaway Inc Cl B COMMON STOCKS 084670702 6944582 53256 PRN OTR 53256 0 0 0 Best Buy Inc COMMON STOCKS 086516101 1655217 44591 PRN OTR 44591 0 0 0 BlackRock Global Allocation Fund MUTUAL FUND 09251T103 3567 188 PRN OTR 188.373 0 0 0 Blackrock Inc COMMON STOCKS 09247X101 1370662 4607 PRN OTR 4607.733 0 0 0 Block H & R Inc COMMON STOCKS 093671105 1821584 50320 PRN OTR 50320 0 0 0 Boeing Co COMMON STOCKS 097023105 1230838 9399 PRN OTR 9399.303 0 0 0 Boston Scientific Co COMMON STOCKS 101137107 1731517 105516 PRN OTR 105516 0 0 0 Bristol Myers Squibb COMMON STOCKS 110122108 3138428 53014 PRN OTR 53014 0 0 0 Broadcom Corp COMMON STOCKS 111320107 2130436 41424 PRN OTR 41424 0 0 0 Brown-Forman Corporation COMMON STOCKS 115637209 1782184 18392 PRN OTR 18392 0 0 0 Bunge Ltd. Perpetual Conv Pfd CONVERTIBLE PREFERRED STOCK G16962204 1561041 15904 PRN OTR 15904 0 0 0 Cameron International Corp COMMON STOCKS 13342B105 1706045 27822 PRN OTR 27822 0 0 0 Campbell Soup Co COMMON STOCKS 134429109 1714808 33836 PRN OTR 33836 0 0 0 Cardinal Health Inc COMMON STOCKS 14149Y108 1757872 22883 PRN OTR 22883 0 0 0 Carmax Inc COMMON STOCKS 143130102 1393723 23495 PRN OTR 23495 0 0 0 Centerpoint Energy Inc CONVERTIBLE PREFERRED STOCK 15189T206 939555 16066 PRN OTR 16066 0 0 0 Cisco Sys Inc COMMON STOCKS 17275R102 1374395 52357 PRN OTR 52357.934 0 0 0 Citigroup Inc. PREFERRED STOCK 172967358 207849 7721 PRN OTR 7721 0 0 0 Citrix Systems Inc CONVERTIBLE BOND 177376AD2 1673016 1578 PRN OTR 1578 0 0 0 Clorox Co COMMON STOCKS 189054109 1790368 15497 PRN OTR 15497 0 0 0 CME Group Inc COMMON STOCKS 12572Q105 1970168 21244 PRN OTR 21244 0 0 0 CMS Energy Corp COMMON STOCKS 125896100 1644463 46559 PRN OTR 46559 0 0 0 Coca-Cola Company COMMON STOCKS 191216100 5811661 144856 PRN OTR 144856.972 0 0 0 Constellation Brands COMMON STOCKS 21036P108 1944260 15528 PRN OTR 15528 0 0 0 Consumer Staples Spdr EXCHANGE TRADED FUND 81369Y308 33802 716 PRN OTR 716 0 0 0 Corning Inc COMMON STOCKS 219350105 1573173 91891 PRN OTR 91891 0 0 0 Crown Castle Intl Corp COMMON STOCKS 22822V101 1793898 22745 PRN OTR 22745 0 0 0 D.R. Horton Inc COMMON STOCKS 23331A109 1816620 61874 PRN OTR 61874 0 0 0 Darden Restaurants COMMON STOCKS 237194105 1679641 24506 PRN OTR 24506 0 0 0 Davita Health Care Partners Inc COMMON STOCKS 23918K108 1504030 20794 PRN OTR 20794 0 0 0 Delaware Limited Term Div-A MUTUAL FUND 245912308 12515 1474 PRN OTR 1474.152 0 0 0 Delta Air Lines, Inc. COMMON STOCKS 247361702 2121857 47289 PRN OTR 47289 0 0 0 Developers Diversified Realty Corp CONVERTIBLE BOND 251591AX1 2037783 1894 PRN OTR 1894 0 0 0 Dollar General Corp. COMMON STOCKS 256677105 1767391 24398 PRN OTR 24398 0 0 0 Dollar Tree, Inc. COMMON STOCKS 256746108 323767 4857 PRN OTR 4857 0 0 0 Dominion Resources Inc CONVERTIBLE PREFERRED STOCK 25746U885 2364135 42265 PRN OTR 42265 0 0 0 Dominion Resources Inc CONVERTIBLE PREFERRED STOCK 25746U869 2188035 44151 PRN OTR 44151 0 0 0 Dr Pepper Snapple Group Inc. COMMON STOCKS 26138E109 1725582 21829 PRN OTR 21829 0 0 0 DTE Energy Co COMMON STOCKS 233331107 1683510 20947 PRN OTR 20947 0 0 0 Dun & Bradstreet Corp COMMON STOCKS 26483E100 1202985 11457 PRN OTR 11457 0 0 0 Ebay Inc COMMON STOCKS 278642103 1106765 45285 PRN OTR 45285 0 0 0 Ecolab Inc COMMON STOCKS 278865100 1907591 17386 PRN OTR 17386 0 0 0 Energy Transfer Partners LP COMMON STOCKS 29273R109 782013 19040 PRN OTR 19040.987 0 0 0 Entertainment Properties CONVERTIBLE PREFERRED STOCK 26884U307 202176 6577 PRN OTR 6577 0 0 0 Equifax Inc COMMON STOCKS 294429105 1553616 15987 PRN OTR 15987 0 0 0 Exelon Corp CONVERTIBLE PREFERRED STOCK 30161N127 1346352 30719 PRN OTR 30719 0 0 0 Fastenal Co. COMMON STOCKS 311900104 1387335 37895 PRN OTR 37895 0 0 0 Fidelity Natl Inform COMMON STOCKS 31620M106 1804250 26897 PRN OTR 26897 0 0 0 Ford Motor Co COMMON STOCKS 345370860 1224692 90250 PRN OTR 90250.028 0 0 0 Frontier Communications Conv Prf CONVERTIBLE PREFERRED STOCK 35906A207 205481 2196 PRN OTR 2196 0 0 0 General Growth Properties, Inc. REITS - usd 370023103 1548227 59616 PRN OTR 59616 0 0 0 Gilead Sciences Inc. Senior Note Conv B/E CONVERTIBLE BOND 375558AP8 4756428 1097 PRN OTR 1097 0 0 0 Goldman Sachs Group COMMON STOCKS 38141G104 1412321 8128 PRN OTR 8128 0 0 0 Grainger W W Inc COMMON STOCKS 384802104 1422721 6617 PRN OTR 6617 0 0 0 Guggenheim Dow Val 20 RE COMMON STOCKS 40169K272 18057 1936 PRN OTR 1936 0 0 0 Guggenheim Enhanced Short Duration Bond ETF EXCHANGE TRADED FUND 18383M654 563590 11261 PRN OTR 11261 0 0 0 Hershey Foods Corp COMMON STOCKS 427866108 1713194 18646 PRN OTR 18646 0 0 0 Home Depot Inc COMMON STOCKS 437076102 4524551 39177 PRN OTR 39177 0 0 0 Huntington Bancshare COMMON STOCKS 446150104 1477184 139357 PRN OTR 139357 0 0 0 Income Fund of America MUTUAL FUND 453320103 10297 519 PRN OTR 519.302 0 0 0 Intel Corp CONVERTIBLE BOND 458140AF7 3603060 2368 PRN OTR 2368 0 0 0 Intel Corp CONVERTIBLE BOND 458140AD2 2793566 2266 PRN OTR 2266 0 0 0 Intuitive Surgical Inc COMMON STOCKS 46120E602 1612666 3509 PRN OTR 3509 0 0 0 Invesco Ltd. COMMON STOCKS G491BT108 1281241 41026 PRN OTR 41026 0 0 0 iShares 1-3 Year Credit Bond EXCHANGE TRADED FUND 464288646 617428 5873 PRN OTR 5873 0 0 0 iShares Barclays 3-7 Year Tr EXCHANGE TRADED FUND 464288661 166781 1338 PRN OTR 1338 0 0 0 iShares Currency Hedged Germany MSCI ETF EXCHANGE TRADED FUND 46434V704 5118024 225563 PRN OTR 225563 0 0 0 iShares Currency Hedged MSCI Spain ETF EXCHANGE TRADED FUND 46435G813 5001029 236528 PRN OTR 236528 0 0 0 iShares Floating Rate Bond ETF EXCHANGE TRADED FUND 46429B655 819610 16246 PRN OTR 16246 0 0 0 iShares iBoxx High Yield Corp Bond ETF EXCHANGE TRADED FUND 464288513 502655 6035 PRN OTR 6035 0 0 0 iShares iBoxx Investment Grade EXCHANGE TRADED FUND 464287242 1076038 9269 PRN OTR 9269 0 0 0 iShares Intermediate Credit EXCHANGE TRADED FUND 464288638 1050487 9673 PRN OTR 9673 0 0 0 iShares Lehman 1-3 Tr EXCHANGE TRADED FUND 464287457 243836 2869 PRN OTR 2869 0 0 0 iShares Lehman 20+ Tr EXCHANGE TRADED FUND 464287432 25449 206 PRN OTR 206 0 0 0 iShares Lehman 7-10 Tr EXCHANGE TRADED FUND 464287440 43795 406 PRN OTR 406 0 0 0 iShares MBS ETF EXCHANGE TRADED FUND 464288588 847910 7735 PRN OTR 7735 0 0 0 ISHARES MSCI HONG KONG INDEX FUND EXCHANGE TRADED FUND 464286871 5159164 269830 PRN OTR 269830.8 0 0 0 iShares MSCI India ETF EXCHANGE TRADED FUND 46429B598 5594148 195805 PRN OTR 195805 0 0 0 iShares MSCI Ireland Capped ETF EXCHANGE TRADED FUND 46429B507 5268202 135325 PRN OTR 135325 0 0 0 iShares MSCI United Kingdom EXCHANGE TRADED FUND 46434V548 5294773 323049 PRN OTR 323049 0 0 0 iShares TIPS Bond ETF EXCHANGE TRADED FUND 464287176 47707 431 PRN OTR 431 0 0 0 J P Morgan Chase & Co COMMON STOCKS 46625H100 2965756 48642 PRN OTR 48642.874 0 0 0 Janus Balanced Fnd S MUTUAL FUND 47103C886 4171 143 PRN OTR 143.252 0 0 0 Janus Capitol Group Inc. CONVERTIBLE BOND 47102XAH8 1044954 788 PRN OTR 788 0 0 0 Janus Flexible Bond F-T MUTUAL FUND 471023606 7386 706 PRN OTR 706.157 0 0 0 Johnson & Johnson COMMON STOCKS 478160104 1330941 14257 PRN OTR 14257.537 0 0 0 JPMorgan Chase & Co PREFERRED STOCK 48127A161 217266 8110 PRN OTR 8110 0 0 0 Kinder Morgan Inc COMMON STOCKS 49456B101 1042838 37674 PRN OTR 37674.787 0 0 0 L Brands Inc COMMON STOCKS 501797104 1814316 20130 PRN OTR 20130 0 0 0 Laclede Group Inc CONVERTIBLE PREFERRED STOCK 505597500 2003057 37711 PRN OTR 37711 0 0 0 Lam Research Corp 1.25 CONVERTIBLE BOND 512807AL2 1906462 1504 PRN OTR 1504 0 0 0 Level 3 Communication COMMON STOCKS 52729N308 1295758 29658 PRN OTR 29658 0 0 0 LyondellBasell Industries NV COMMON STOCKS N53745100 1175542 14102 PRN OTR 14102 0 0 0 Macquarie Infrastructure CONVERTIBLE BOND 55608BAA3 1403433 1219 PRN OTR 1219 0 0 0 Marathon Oil Corp COMMON STOCKS 565849106 881834 57262 PRN OTR 57262 0 0 0 Marathon Petroleum Corporation COMMON STOCKS 56585A102 1709021 36888 PRN OTR 36888 0 0 0 Martin Marietta Materials COMMON STOCKS 573284106 1578608 10389 PRN OTR 10389 0 0 0 McDonalds Corp COMMON STOCKS 580135101 3243016 32914 PRN OTR 32914 0 0 0 Mckesson Corp COMMON STOCKS 58155Q103 1971124 10653 PRN OTR 10653 0 0 0 Merck & Co Inc COMMON STOCKS 58933Y105 3667454 74255 PRN OTR 74255 0 0 0 Micron Technology CONVERTIBLE BOND 595112AY9 987655 1137 PRN OTR 1137 0 0 0 Microsoft Corp COMMON STOCKS 594918104 1635659 36955 PRN OTR 36955.701 0 0 0 Mohawk Industries Inc COMMON STOCKS 608190104 1636837 9004 PRN OTR 9004 0 0 0 Moody's Corp COMMON STOCKS 615369105 1605864 16353 PRN OTR 16353 0 0 0 Morgan Stanley COMMON STOCKS 617446448 1984815 63010 PRN OTR 63010 0 0 0 MORGAN STANLEY REPSTG 1/1000 FXD/VAR PREFERRED STOCK 61763E207 210926 7891 PRN OTR 7891 0 0 0 Newell Rubbermaid Inc. COMMON STOCKS 651229106 1584706 39907 PRN OTR 39907 0 0 0 Newmont Mining Corp CONVERTIBLE BOND 651639AJ5 1158655 1157 PRN OTR 1157 0 0 0 NextEra Energy Inc COMMON STOCKS 65339F101 1299370 13320 PRN OTR 13320.044 0 0 0 Nextera Energy Inc CONVERTIBLE PREFERRED STOCK 65339F861 3072406 57226 PRN OTR 57226 0 0 0 NextEra Inc CONVERTIBLE PREFERRED STOCK 65339F846 1112962 21677 PRN OTR 21677 0 0 0 NGL Energy Partners LP COMMON STOCKS 62913M107 588635 29475 PRN OTR 29475.977 0 0 0 Northstar Realty Financial Corp COMMON STOCKS 66704R704 1168897 94647 PRN OTR 94647.561 0 0 0 Novellus Systems CONVERTIBLE BOND 670008AD3 2523795 1275 PRN OTR 1275 0 0 0 Nucor Corp COMMON STOCKS 670346105 1269527 33809 PRN OTR 33809 0 0 0 Nustar Logistics Lp PREFERRED STOCK 67059T204 198270 7998 PRN OTR 7998 0 0 0 NVIDIA Corp CONVERTIBLE BOND 67066GAC8 1157657 874 PRN OTR 874 0 0 0 Occidental Pete Corp COMMON STOCKS 674599105 1461848 22099 PRN OTR 22099 0 0 0 Old Republic Intl Corp CONVERTIBLE BOND 680223AH7 2169209 1865 PRN OTR 1865 0 0 0 Omega Healthcare Investors Inc COMMON STOCKS 681936100 1450023 41252 PRN OTR 41252.453 0 0 0 Oracle Systems Corp COMMON STOCKS 68389X105 3351177 92779 PRN OTR 92779 0 0 0 O'Reilly Automotive Inc. COMMON STOCKS 67103H107 2033750 8135 PRN OTR 8135 0 0 0 Paccar Inc COMMON STOCKS 693718108 1431075 27431 PRN OTR 27431 0 0 0 Paychex Inc COMMON STOCKS 704326107 3108302 65259 PRN OTR 65259.333 0 0 0 PayPal Inc COMMON STOCKS 70450Y103 1405646 45285 PRN OTR 45285 0 0 0 People's United Financial COMMON STOCKS 712704105 1508790 95918 PRN OTR 95918 0 0 0 Pepsico Inc COMMON STOCKS 713448108 4038586 42827 PRN OTR 42827 0 0 0 Pfizer Inc COMMON STOCKS 717081103 1308101 41646 PRN OTR 41646.014 0 0 0 PG&E Corporation COMMON STOCKS 69331C108 1871390 35443 PRN OTR 35443 0 0 0 Philip Morris Intl Inc COMMON STOCKS 718172109 1102334 13895 PRN OTR 13895.555 0 0 0 Pitney Bowes Inc COMMON STOCKS 724479100 1279908 64479 PRN OTR 64479 0 0 0 Precision Castparts Corp COMMON STOCKS 740189105 2147329 9348 PRN OTR 9348 0 0 0 Priceline Com Inc CONVERTIBLE BOND 741503AQ9 3062645 2178 PRN OTR 2178 0 0 0 Priceline.com COMMON STOCKS 741503403 2476193 2002 PRN OTR 2002 0 0 0 Proctor & Gamble Co COMMON STOCKS 742718109 1293912 17986 PRN OTR 17986 0 0 0 Progressive Corp Ohi COMMON STOCKS 743315103 1888680 61641 PRN OTR 61641 0 0 0 Prologis COMMON STOCKS 74340W103 1757929 45191 PRN OTR 45191 0 0 0 Prospect Capital Corp CONVERTIBLE BOND 74348TAD4 1461552 1416 PRN OTR 1416 0 0 0 Quanta Services COMMON STOCKS 74762E102 1272429 52558 PRN OTR 52558 0 0 0 Ralph Lauren Corp Cl A COMMON STOCKS 751212101 1391924 11780 PRN OTR 11780 0 0 0 Realty Income Corporation REITS - usd 756109104 1424353 30056 PRN OTR 30056 0 0 0 Red Hat Inc COMMON STOCKS 756577102 1562599 21739 PRN OTR 21739 0 0 0 Regeneron Pharmaceuticals COMMON STOCKS 75886F107 2024754 4353 PRN OTR 4353 0 0 0 Robert Half International, Inc. COMMON STOCKS 770323103 1403728 27438 PRN OTR 27438 0 0 0 RPM International Inc. CONVERTIBLE BOND 749685AT0 1923558 1708 PRN OTR 1708 0 0 0 Safeway Casa Ley CVR WARRANTS 786cvr209 84724 83481 PRN OTR 83481 0 0 0 Safeway PDC, LLC CVR WARRANTS 786cvr308 4073 83481 PRN OTR 83481 0 0 0 Sandisk Corp CONVERTIBLE BOND 80004CAD3 2130593 1708 PRN OTR 1708 0 0 0 Scana Corp COMMON STOCKS 80589M102 1614324 28694 PRN OTR 28694 0 0 0 Schlumberger Ltd COMMON STOCKS 806857108 2638999 38263 PRN OTR 38263 0 0 0 Seacor Holdings Inc CONVERTIBLE BOND 811904AM3 850898 873 PRN OTR 873 0 0 0 Seagate Technology Plc COMMON STOCKS G7945M107 1324377 29562 PRN OTR 29562 0 0 0 Seaspan Corp PREFERRED STOCK Y75638133 196005 8210 PRN OTR 8210 0 0 0 SECTOR HEALTHCARE SELECT SECTOR SPDR ETF EXCHANGE TRADED FUND 81369Y209 53911 814 PRN OTR 814 0 0 0 Sherwin Williams Co COMMON STOCKS 824348106 1469902 6598 PRN OTR 6598 0 0 0 Snap On Tools Corp COMMON STOCKS 833034101 1513777 10029 PRN OTR 10029 0 0 0 Southwest Airlines co COMMON STOCKS 844741108 1813671 47678 PRN OTR 47678 0 0 0 Southwestern Energy Co PFD CONVERTIBLE PREFERRED STOCK 845467208 1294107 41340 PRN OTR 41340 0 0 0 Spdr S&P 500 EXCHANGE TRADED FUND 78462F103 5549604 28960 PRN OTR 28960 0 0 0 St Jude Med Inc COMMON STOCKS 790849103 1526714 24199 PRN OTR 24199 0 0 0 Stanley Black & Decker Inc COMMON STOCKS 854502101 1587756 16372 PRN OTR 16372 0 0 0 Stanley Black & Decker Inc PFD CONVERTIBLE PREFERRED STOCK 854502309 1465204 10980 PRN OTR 10980 0 0 0 Stanley Black & Decker Inc. CONVERTIBLE PREFERRED STOCK 854502804 1289676 11572 PRN OTR 11572 0 0 0 Starbucks Corp COMMON STOCKS 855244109 3111705 54745 PRN OTR 54745 0 0 0 Stericycle Inc CONVERTIBLE PREFERRED STOCK 858912207 945893 9300 PRN OTR 9300 0 0 0 Suntrust Bks Inc COMMON STOCKS 867914103 1604320 41954 PRN OTR 41954 0 0 0 Target Corp COMMON STOCKS 87612E106 1391606 17691 PRN OTR 17691.418 0 0 0 Teradata Corp COMMON STOCKS 88076W103 965236 33330 PRN OTR 33330 0 0 0 Tesoro Corporation COMMON STOCKS 881609101 1711035 17596 PRN OTR 17596 0 0 0 Textron Inc COMMON STOCKS 883203101 1336634 35511 PRN OTR 35511 0 0 0 The Bond Fund of America MUTUAL FUND 097873103 7681 602 PRN OTR 602.931 0 0 0 Thermo Fisher Scientific Inc COMMON STOCKS 883556102 2283456 18674 PRN OTR 18674 0 0 0 Time Warner Inc COMMON STOCKS 887317303 2153593 31325 PRN OTR 31325 0 0 0 Total Sys Svcs Inc COMMON STOCKS 891906109 1672005 36804 PRN OTR 36804 0 0 0 Travelers Companies COMMON STOCKS 89417E109 1966712 19760 PRN OTR 19760 0 0 0 Trinity Industires Inc CONVERTIBLE BOND 896522AF6 1391599 1153 PRN OTR 1153 0 0 0 Tyson Foods Inc CONVERTIBLE PREFERRED STOCK 902494301 1741294 33560 PRN OTR 33560 0 0 0 Union Pac Corp COMMON STOCKS 907818108 2695178 30485 PRN OTR 30485 0 0 0 United Parcel Services COMMON STOCKS 911312106 1527799 15480 PRN OTR 15480.794 0 0 0 United Technologies COMMON STOCKS 913017109 2534880 28485 PRN OTR 28485 0 0 0 Universal Health Services - B PREFERRED STOCK 913903100 1653482 13248 PRN OTR 13248 0 0 0 Valero Energy Corp COMMON STOCKS 91913Y100 2012268 33482 PRN OTR 33482 0 0 0 Vanguard Intermediate - Term Corporate Bond ETF EXCHANGE TRADED FUND 92206C870 137115 1605 PRN OTR 1605 0 0 0 Varian Medical Systems Inc COMMON STOCKS 92220P105 1315423 17829 PRN OTR 17829 0 0 0 Visa. Inc - Class A Shares COMMON STOCKS 92826C839 4715424 67692 PRN OTR 67692 0 0 0 Vodafone Group Plc-Sp Adr COMMON STOCKS 92857W308 1319152 41561 PRN OTR 41561.213 0 0 0 Vulcan Materials Co COMMON STOCKS 929160109 1629416 18267 PRN OTR 18267 0 0 0 W P Carey Inc COMMON STOCKS 92936U109 1297245 22439 PRN OTR 22439.81 0 0 0 Wal-Mart Stores Inc COMMON STOCKS 931142103 3187404 49158 PRN OTR 49158 0 0 0 Wells Fargo & Co PREFERRED STOCK 949746556 205147 8045 PRN OTR 8045 0 0 0 Wells Fargo & Company PFD CONVERTIBLE PREFERRED STOCK 949746804 3255991 2778 PRN OTR 2778 0 0 0 Welltower Inc Pfd CONVERTIBLE PREFERRED STOCK 95040Q203 1644677 26802 PRN OTR 26802 0 0 0 Weyerhaeuser Co COMMON STOCKS 962166104 1477207 54031 PRN OTR 54031 0 0 0 Weyerhaeuser Company CONVERTIBLE PREFERRED STOCK 962166872 1714004 35777 PRN OTR 35777 0 0 0 Whole Foods Market Inc COMMON STOCKS 966837106 1146869 36236 PRN OTR 36236 0 0 0 Wisconsin Energy Corp COMMON STOCKS 92939U106 1631666 31246 PRN OTR 31246 0 0 0 Wisdomtree Japan Hedged Equity Fund EXCHANGE TRADED FUND 97717W851 5146865 105772 PRN OTR 105772 0 0 0 Xilinx Inc CONVERTIBLE BOND 983919AF8 1086626 719 PRN OTR 719 0 0 0 Yahoo Inc Conv Bond CONVERTIBLE BOND 984332AF3 1042145 1074 PRN OTR 1074 0 0 0 Zions Bancorp COMMON STOCKS 989701107 1408505 51144 PRN OTR 51144 0 0 0