Chief Executive Officer

0000909012-17-000141.txt : 20170811 0000909012-17-000141.hdr.sgml : 20170811 20170811111820 ACCESSION NUMBER: 0000909012-17-000141 CONFORMED SUBMISSION TYPE: 13F-HR PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20170630 FILED AS OF DATE: 20170811 DATE AS OF CHANGE: 20170811 EFFECTIVENESS DATE: 20170811 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: 171023637 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 06-30-2017 06-30-2017 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 08-10-2017 0 213 392591513 false INFORMATION TABLE 2 aci_13f.xml Activision Blizzard Inc. COMMON STOCKS 00507V109 3022137 52495 SH OTR ALL 52495 0 0 Advance Auto Parts Inc COMMON STOCKS 00751Y106 1135003 9735 SH OTR ALL 9735 0 0 Aetna Inc COMMON STOCKS 00817Y108 2633491 17345 SH OTR ALL 17345 0 0 Agilent Technologies COMMON STOCKS 00846U101 2269793 38270 SH OTR ALL 38270 0 0 Altria Group Inc COMMON STOCKS 02209S103 897140 12047 SH OTR ALL 12047 0 0 Ameriprise Financial, Inc. COMMON STOCKS 03076C106 1958356 15385 SH OTR ALL 15385 0 0 Amerisourcebergen Corp Com COMMON STOCKS 03073E105 2111422 22336 SH OTR ALL 22336 0 0 Ametek Inc. COMMON STOCKS 031100100 2029700 33510 SH OTR ALL 33510 0 0 Amgen Inc COMMON STOCKS 031162100 453309 2632 SH OTR ALL 2632 0 0 Amphenol Corp COMMON STOCKS 032095101 2003474 27140 SH OTR ALL 27140 0 0 Analog Devices Inc COMMON STOCKS 032654105 2463381 31663 SH OTR ALL 31663 0 0 Aon PLC COMMON STOCKS G0408V102 2359862 17750 SH OTR ALL 17750 0 0 Applied Materials Inc COMMON STOCKS 038222105 2618434 63385 SH OTR ALL 63385 0 0 Ares Capital Corp COMMON STOCKS 04010L103 764061 46646 SH OTR ALL 46646 0 0 AT&T Inc COMMON STOCKS 00206R102 668386 17715 SH OTR ALL 17715 0 0 Automatic Data Processing Inc. COMMON STOCKS 053015103 2268976 22145 SH OTR ALL 22145 0 0 Baker Hughes Inc COMMON STOCKS 057224107 1608590 29510 SH OTR ALL 29510 0 0 Bank of New York Mellon Corp COMMON STOCKS 064058100 2392582 46895 SH OTR ALL 46895 0 0 BB&T Corp COMMON STOCKS 054937107 2057073 45300 SH OTR ALL 45300 0 0 BCE Inc New COMMON STOCKS 05534B760 764148 16966 SH OTR ALL 16966 0 0 Best Buy Inc COMMON STOCKS 086516101 2036648 35525 SH OTR ALL 35525 0 0 Block H & R Inc COMMON STOCKS 093671105 2218101 71760 SH OTR ALL 71760 0 0 Boeing Co COMMON STOCKS 097023105 472820 2391 SH OTR ALL 2391 0 0 Bristol Myers Squibb COMMON STOCKS 110122108 3024537 54281 SH OTR ALL 54281 0 0 Broadcom Corp New COMMON STOCKS y09827109 3372932 14473 SH OTR ALL 14473 0 0 Cardinal Health Inc COMMON STOCKS 14149Y108 2055763 26383 SH OTR ALL 26383 0 0 Centurylink Inc COMMON STOCKS 156700106 1730320 72459 SH OTR ALL 72459 0 0 Cintas Corp COMMON STOCKS 172908105 1762669 13985 SH OTR ALL 13985 0 0 Cisco Sys Inc COMMON STOCKS 17275R102 744720 23793 SH OTR ALL 23793 0 0 Citizens Financial Group COMMON STOCKS 174610105 1825745 51170 SH OTR ALL 51170 0 0 Clorox Co COMMON STOCKS 189054109 2063221 15485 SH OTR ALL 15485 0 0 CME Group Inc COMMON STOCKS 12572Q105 3078900 24584 SH OTR ALL 24584 0 0 CMS Energy Corp COMMON STOCKS 125896100 1949437 42150 SH OTR ALL 42150 0 0 Comerica Inc COMMON STOCKS 200340107 1794013 24495 SH OTR ALL 24495 0 0 Cooper Cos Inc/The COMMON STOCKS 216648402 2304417 9625 SH OTR ALL 9625 0 0 Corning Inc COMMON STOCKS 219350105 2291913 76270 SH OTR ALL 76270 0 0 CVS Corp COMMON STOCKS 126650100 779737 9691 SH OTR ALL 9691 0 0 D.R. Horton Inc COMMON STOCKS 23331A109 2041946 59067 SH OTR ALL 59067 0 0 Darden Restaurants COMMON STOCKS 237194105 1923839 21272 SH OTR ALL 21272 0 0 Dentsply Intl Inc COMMON STOCKS 24906P109 1933204 29815 SH OTR ALL 29815 0 0 Digital Realty Trust COMMON STOCKS 253868103 2087316 18480 SH OTR ALL 18480 0 0 Dr Pepper Snapple Group Inc. COMMON STOCKS 26138E109 1856366 20375 SH OTR ALL 20375 0 0 Dun & Bradstreet Corp COMMON STOCKS 26483E100 1408653 13025 SH OTR ALL 13025 0 0 Enbridge Inc COMMON STOCKS 29250N105 2249702 56511 SH OTR ALL 56511 0 0 EQT Midstream Partners LP COMMON STOCKS 26885B100 404942 5426 SH OTR ALL 5426 0 0 Equifax Inc COMMON STOCKS 294429105 2054429 14950 SH OTR ALL 14950 0 0 Expedia Inc. COMMON STOCKS 30212P303 2168712 14560 SH OTR ALL 14560 0 0 Fastenal Co. COMMON STOCKS 311900104 1547273 35545 SH OTR ALL 35545 0 0 Fidelity Natl Inform COMMON STOCKS 31620M106 2202466 25790 SH OTR ALL 25790 0 0 Ford Motor Co COMMON STOCKS 345370860 1956079 174806 SH OTR ALL 174806 0 0 Global Payments Inc COMMON STOCKS 37940X102 2146454 23765 SH OTR ALL 23765 0 0 Goldman Sachs Group COMMON STOCKS 38141G104 2576259 11610 SH OTR ALL 11610 0 0 Grainger W W Inc COMMON STOCKS 384802104 1300718 7205 SH OTR ALL 7205 0 0 Harley-Davidson, Inc COMMON STOCKS 412822108 1503376 27830 SH OTR ALL 27830 0 0 Hewlett Packard Co COMMON STOCKS 40434L105 2150477 123025 SH OTR ALL 123025 0 0 Home Depot Inc COMMON STOCKS 437076102 4720118 30770 SH OTR ALL 30770 0 0 HUMANA INC COMMON STOCKS 444859102 2346045 9750 SH OTR ALL 9750 0 0 INTEL CORP COMMON STOCKS 458140100 3961345 117408 SH OTR ALL 117408 0 0 Intercontinental Exchange Group. Inc. COMMON STOCKS 45866F104 2271932 34465 SH OTR ALL 34465 0 0 International Paper Co COMMON STOCKS 460146103 1937647 34228 SH OTR ALL 34228 0 0 Intuit COMMON STOCKS 461202103 2243824 16895 SH OTR ALL 16895 0 0 Invesco Ltd. COMMON STOCKS G491BT108 1847299 52495 SH OTR ALL 52495 0 0 J P Morgan Chase & Co COMMON STOCKS 46625H100 7405319 81021 SH OTR ALL 81021 0 0 JB Hunt COMMON STOCKS 445658107 1505485 16475 SH OTR ALL 16475 0 0 Johnson & Johnson COMMON STOCKS 478160104 841364 6360 SH OTR ALL 6360 0 0 Keycorp COMMON STOCKS 493267108 1876155 100115 SH OTR ALL 100115 0 0 Kla-Tencor Corp COMMON STOCKS 482480100 2016880 22040 SH OTR ALL 22040 0 0 Kohl's Corp COMMON STOCKS 500255104 1110679 28722 SH OTR ALL 28722 0 0 Lam Research Corp COMMON STOCKS 512807108 2403602 16995 SH OTR ALL 16995 0 0 Lauder Estee Cos Inc COMMON STOCKS 518439104 2398540 24990 SH OTR ALL 24990 0 0 Legg Mason Inc COMMON STOCKS 524901105 1816225 47595 SH OTR ALL 47595 0 0 Leggett & Platt Inc COMMON STOCKS 524660107 1727764 32891 SH OTR ALL 32891 0 0 Leucadia National Corp COMMON STOCKS 527288104 1808310 69125 SH OTR ALL 69125 0 0 Lowe's Cos Inc COMMON STOCKS 548661107 2581361 33295 SH OTR ALL 33295 0 0 LyondellBasell Industries NV COMMON STOCKS N53745100 679339 8050 SH OTR ALL 8050 0 0 M & T Bk Corp COMMON STOCKS 55261F104 1955546 12075 SH OTR ALL 12075 0 0 Macquarie Infrastructure Corp COMMON STOCKS 55608B105 761891 9718 SH OTR ALL 9718 0 0 Marathon Oil Corp COMMON STOCKS 565849106 1129423 95310 SH OTR ALL 95310 0 0 Marsh & Mclennan Cos COMMON STOCKS 571748102 2359615 30267 SH OTR ALL 30267 0 0 Martin Marietta Materials COMMON STOCKS 573284106 1708524 7676 SH OTR ALL 7676 0 0 Mckesson Corp COMMON STOCKS 58155Q103 2323798 14123 SH OTR ALL 14123 0 0 Medtronic Inc COMMON STOCKS G5960L103 4088268 46065 SH OTR ALL 46065 0 0 Microchip Technology COMMON STOCKS 595017104 2078457 26930 SH OTR ALL 26930 0 0 Microsoft Corp COMMON STOCKS 594918104 10820631 156980 SH OTR ALL 156980 0 0 Moody's Corp COMMON STOCKS 615369105 2237086 18385 SH OTR ALL 18385 0 0 Morgan Stanley COMMON STOCKS 617446448 2513629 56410 SH OTR ALL 56410 0 0 NextEra Energy Inc COMMON STOCKS 65339F101 470276 3356 SH OTR ALL 3356 0 0 Northern Trust Corporation COMMON STOCKS 665859104 1968988 20255 SH OTR ALL 20255 0 0 Omnicom Group COMMON STOCKS 681919106 1798930 21700 SH OTR ALL 21700 0 0 Paychex Inc COMMON STOCKS 704326107 2494712 43813 SH OTR ALL 43813 0 0 People's United Financial COMMON STOCKS 712704105 1454919 82385 SH OTR ALL 82385 0 0 Perkinelmer Inc COMMON STOCKS 714046109 2074181 30440 SH OTR ALL 30440 0 0 Pfizer Inc COMMON STOCKS 717081103 729373 21714 SH OTR ALL 21714 0 0 Pioneer Nat Res Co COMMON STOCKS 723787107 1708303 10705 SH OTR ALL 10705 0 0 PNC FINANCIAL SERVICES GROUP INC COMMON STOCKS 693475105 2609158 20895 SH OTR ALL 20895 0 0 Progressive Corp Ohi COMMON STOCKS 743315103 2385709 54110 SH OTR ALL 54110 0 0 Prudential Finl Inc COMMON STOCKS 744320102 2269534 20987 SH OTR ALL 20987 0 0 Quest Diagnostics In COMMON STOCKS 74834L100 2133716 19195 SH OTR ALL 19195 0 0 Robert Half International, Inc. COMMON STOCKS 770323103 1603018 33445 SH OTR ALL 33445 0 0 Roper Industries Inc COMMON STOCKS 776696106 2302565 9945 SH OTR ALL 9945 0 0 Ryder Sys Inc COMMON STOCKS 783549108 1371938 19060 SH OTR ALL 19060 0 0 S&P Global Inc. COMMON STOCKS 78409V104 2593512 17765 SH OTR ALL 17765 0 0 Schlumberger Ltd COMMON STOCKS 806857108 2606934 39595 SH OTR ALL 39595 0 0 Schwab Charles Corp COMMON STOCKS 808513105 2454304 57130 SH OTR ALL 57130 0 0 Sealed Air Corp New COMMON STOCKS 81211K100 1536163 34320 SH OTR ALL 34320 0 0 Sempra Energy COMMON STOCKS 816851109 2185095 19380 SH OTR ALL 19380 0 0 Sherwin Williams Co COMMON STOCKS 824348106 2413200 6876 SH OTR ALL 6876 0 0 Six Flags Entertainment COMMON STOCKS 83001A102 811292 13610 SH OTR ALL 13610 0 0 SKYWORKS SOLUTIONS INC COMMON STOCKS 83088M102 2140644 22310 SH OTR ALL 22310 0 0 Spectra Energy Partners LP COMMON STOCKS 84756N109 378378 8820 SH OTR ALL 8820 0 0 Staples Inc COMMON STOCKS 855030102 1656011 164450 SH OTR ALL 164450 0 0 Starbucks Corp COMMON STOCKS 855244109 2784594 47755 SH OTR ALL 47755 0 0 Symantec Corp COMMON STOCKS 871503108 2040356 72225 SH OTR ALL 72225 0 0 T.Rowe Price Group Inc COMMON STOCKS 74144T108 1722043 23205 SH OTR ALL 23205 0 0 TE Connectivity Ltd COMMON STOCKS H84989104 2124753 27005 SH OTR ALL 27005 0 0 Tesoro Corporation COMMON STOCKS 881609101 1752566 18724 SH OTR ALL 18724 0 0 Texas Instrs Inc COMMON STOCKS 882508104 2868719 37290 SH OTR ALL 37290 0 0 Thermo Fisher Scientific Inc COMMON STOCKS 883556102 2964245 16990 SH OTR ALL 16990 0 0 TRACTOR SUPPLY COMPANY COMMON STOCKS 892356106 1197769 22095 SH OTR ALL 22095 0 0 Union Pac Corp COMMON STOCKS 907818108 2982500 27385 SH OTR ALL 27385 0 0 United Parcel Services COMMON STOCKS 911312106 816154 7380 SH OTR ALL 7380 0 0 Unitedhealth Group Inc COMMON STOCKS 91324P102 4407618 23771 SH OTR ALL 23771 0 0 Universal Health Services - B COMMON STOCKS 913903100 1862940 15260 SH OTR ALL 15260 0 0 V F Corp COMMON STOCKS 918204108 801216 13910 SH OTR ALL 13910 0 0 Valero Energy Corp COMMON STOCKS 91913Y100 2758979 40898 SH OTR ALL 40898 0 0 Vulcan Materials Co COMMON STOCKS 929160109 1790368 14133 SH OTR ALL 14133 0 0 Walt Disney Co COMMON STOCKS 254687106 3906918 36771 SH OTR ALL 36771 0 0 WELLS FARGO & CO NEW COM COMMON STOCKS 949746101 421171 7601 SH OTR ALL 7601 0 0 Western Un Co COMMON STOCKS 959802109 1462754 76785 SH OTR ALL 76785 0 0 Weyerhaeuser Co COMMON STOCKS 962166104 1949700 58200 SH OTR ALL 58200 0 0 Whole Foods Market Inc COMMON STOCKS 966837106 2238778 53165 SH OTR ALL 53165 0 0 Williams Cos Inc Del COMMON STOCKS 969457100 1839328 60744 SH OTR ALL 60744 0 0 Willis Tower Watson PLC COMMON STOCKS G96629103 2114552 14537 SH OTR ALL 14537 0 0 Wisconsin Energy Corp COMMON STOCKS 92939U106 823780 13421 SH OTR ALL 13421 0 0 Xilinx Inc COMMON STOCKS 983919101 2009356 31240 SH OTR ALL 31240 0 0 Xl Group Plc COMMON STOCKS G98294104 2027283 46285 SH OTR ALL 46285 0 0 Zions Bancorp COMMON STOCKS 989701107 1702171 38765 SH OTR ALL 38765 0 0 Arconic Inc (RTI) CONVERTIBLE BOND 74973WAB3 1267334 1052 SH OTR ALL 1052 0 0 Ares Capital Corp CONVERTIBLE BOND 04010LAM5 3239623 3024 SH OTR ALL 3024 0 0 Calatlantic Group Inc CONVERTIBLE BOND 783764AQ6 1108656 936 SH OTR ALL 936 0 0 Citrix Systems Inc CONVERTIBLE BOND 177376AD2 1843713 1533 SH OTR ALL 1533 0 0 Dycom Industries CONVERTIBLE BOND 267475AB7 1119854 964 SH OTR ALL 964 0 0 Finisar Corp CONVERTIBLE BOND 31787AAM3 1481058 1322 SH OTR ALL 1322 0 0 Illumina Inc CONVERTIBLE BOND 452327AF6 2634768 2592 SH OTR ALL 2592 0 0 Janus Capitol Group Inc. CONVERTIBLE BOND 47102XAH8 1175655 794 SH OTR ALL 794 0 0 Lam Research Corp 1.25 CONVERTIBLE BOND 512807AL2 6310751 2683 SH OTR ALL 2683 0 0 Macquarie Infrastructure CONVERTIBLE BOND 55608BAA3 3047949 2686 SH OTR ALL 2686 0 0 Micron Technology CONVERTIBLE BOND 595112AY9 1437792 1261 SH OTR ALL 1261 0 0 Newmont Mining Corp CONVERTIBLE BOND 651639AJ5 1219544 1202 SH OTR ALL 1202 0 0 NXP Semiconductor NV CONVERTIBLE BOND 62952QAB6 3221057 2697 SH OTR ALL 2697 0 0 Old Republic Intl Corp CONVERTIBLE BOND 680223AH7 2333085 1812 SH OTR ALL 1812 0 0 Priceline Group Inc CONVERTIBLE BOND 741503AX4 3479506 3025 SH OTR ALL 3025 0 0 Red Hat Inc. CONVERTIBLE BOND 756577AD4 2589482 1870 SH OTR ALL 1870 0 0 RPM International Inc. CONVERTIBLE BOND 749685AT0 1958242 1659 SH OTR ALL 1659 0 0 Spirit Realty Capital CONVERTIBLE BOND 84860WAA0 2106693 2112 SH OTR ALL 2112 0 0 TCP Capital Corp CONVERTIBLE BOND 87238QAB9 2233673 1996 SH OTR ALL 1996 0 0 TPG Specialty Lending CONVERTIBLE BOND 87265KAB8 2434442 2338 SH OTR ALL 2338 0 0 VEREIT CONVERTIBLE BOND 02917TAA2 1111405 1079 SH OTR ALL 1079 0 0 Weatherford Bermuda CONVERTIBLE BOND 947075AH0 1126524 1053 SH OTR ALL 1053 0 0 Alexandria Real Estate CONVERTIBLE PREFERRED STOCK 015271505 2211773 60865 SH OTR ALL 60865 0 0 Allergan PLC CONVERTIBLE PREFERRED STOCK G0177J116 4466818 5164 SH OTR ALL 5164 0 0 American Tower Corp - Cl B CONVERTIBLE PREFERRED STOCK 03027X407 2533691 20980 SH OTR ALL 20980 0 0 AMG Capital Trust II CONVERTIBLE PREFERRED STOCK 00170F209 2048224 34450 SH OTR ALL 34450 0 0 Anadarko Pertroleum Corp CONVERTIBLE PREFERRED STOCK 032511404 2452813 59304 SH OTR ALL 59304 0 0 Anthem Inc CONVERTIBLE PREFERRED STOCK 036752202 4665611 88791 SH OTR ALL 88791 0 0 Arconic Inc CONVERTIBLE PREFERRED STOCK 03965L308 1185300 33060 SH OTR ALL 33060 0 0 Becton Dickinson and Co CONVERTIBLE PREFERRED STOCK 075887208 3671942 67248 SH OTR ALL 67248 0 0 Bunge Ltd. Perpetual Conv Pfd CONVERTIBLE PREFERRED STOCK G16962204 1614189 15321 SH OTR ALL 15321 0 0 Dominion Resources CONVERTIBLE PREFERRED STOCK 25746U836 4278149 85029 SH OTR ALL 85029 0 0 Entertainment Properties CONVERTIBLE PREFERRED STOCK 26884U307 344973 9745 SH OTR ALL 9745 0 0 Great Plains Energy Inc. 7 percent CONVERTIBLE PREFERRED STOCK 391164878 2267927 42579 SH OTR ALL 42579 0 0 Hess Corp - Conv Pr CONVERTIBLE PREFERRED STOCK 42809H404 1941532 35059 SH OTR ALL 35059 0 0 Kinder Morgan Inc/Delaware CONVERTIBLE PREFERRED STOCK 49456B200 267628 6147 SH OTR ALL 6147 0 0 Rayonier CONVERTIBLE PREFERRED STOCK 75508B203 403769 3434 SH OTR ALL 3434 0 0 Stanley Black & Decker CONVERTIBLE PREFERRED STOCK 854502887 2961601 27315 SH OTR ALL 27315 0 0 Stericycle Inc CONVERTIBLE PREFERRED STOCK 858912207 2077636 32177 SH OTR ALL 32177 0 0 Teva Pharmaceutical Cv Pfd CONVERTIBLE PREFERRED STOCK M8769Q136 2952248 4992 SH OTR ALL 4992 0 0 Tyson Foods Inc CONVERTIBLE PREFERRED STOCK 902494301 2014171 29740 SH OTR ALL 29740 0 0 Wells Fargo & Company PFD CONVERTIBLE PREFERRED STOCK 949746804 3414923 2608 SH OTR ALL 2608 0 0 Welltower Inc Pfd CONVERTIBLE PREFERRED STOCK 95040Q203 2356868 35570 SH OTR ALL 35570 0 0 Alerian MLP ETF EXCHANGE TRADED FUND 00162Q866 13299 1112 SH OTR ALL 1112 0 0 Financial Select Sector SPDR Fund EXCHANGE TRADED FUND 81369Y605 125915 5104 SH OTR ALL 5104 0 0 Guggenheim Enhanced Short Duration Bond ETF EXCHANGE TRADED FUND 18383M654 428556 8520 SH OTR ALL 8520 0 0 iShares 1-3 Year Credit Bond EXCHANGE TRADED FUND 464288646 340572 3234 SH OTR ALL 3234 0 0 iShares Currency Hedged Germany MSCI ETF EXCHANGE TRADED FUND 46434V704 463682 16566 SH OTR ALL 16566 0 0 iShares Currency Hedged MSCI Spain ETF EXCHANGE TRADED FUND 46435G813 483998 20728 SH OTR ALL 20728 0 0 iShares Floating Rate Bond ETF EXCHANGE TRADED FUND 46429B655 573766 11268 SH OTR ALL 11268 0 0 iShares GNMA Bond Fund EXCHANGE TRADED FUND 46429B333 88863 1788 SH OTR ALL 1788 0 0 iShares High Yield Hedged EXCHANGE TRADED FUND 46431W606 58725 643 SH OTR ALL 643 0 0 iShares iBoxx High Yield Corp Bond ETF EXCHANGE TRADED FUND 464288513 348256 3940 SH OTR ALL 3940 0 0 iShares iBoxx Investment Grade EXCHANGE TRADED FUND 464287242 555671 4611 SH OTR ALL 4611 0 0 ISHARES INC MSCI SINGAPORE INDEX FD EXCHANGE TRADED FUND 46434G780 457661 19376 SH OTR ALL 19376 0 0 iShares Interest Rate Hedged 10 plus Year EXCHANGE TRADED FUND 46431W812 119321 4661 SH OTR ALL 4661 0 0 iShares Intermediate Credit EXCHANGE TRADED FUND 464288638 551644 5025 SH OTR ALL 5025 0 0 iShares Lehman 1-3 Tr EXCHANGE TRADED FUND 464287457 111864 1324 SH OTR ALL 1324 0 0 iShares MBS ETF EXCHANGE TRADED FUND 464288588 639385 5989 SH OTR ALL 5989 0 0 iShares MSCI France Index EXCHANGE TRADED FUND 464286707 470398 16356 SH OTR ALL 16356 0 0 iShares MSCI Hong Kong Index Fund EXCHANGE TRADED FUND 464286871 485235 20710 SH OTR ALL 20710 0 0 iShares MSCI India ETF EXCHANGE TRADED FUND 46429B598 497903 15511 SH OTR ALL 15511 0 0 iShares MSCI Taiwan Index EXCHANGE TRADED FUND 46434G772 481830 13474 SH OTR ALL 13474 0 0 iShares TIPS Bond ETF EXCHANGE TRADED FUND 464287176 22686 200 SH OTR ALL 200 0 0 Spdr S&P 500 EXCHANGE TRADED FUND 78462F103 496657 2054 SH OTR ALL 2054 0 0 Vanguard Short-Term Corporate Bond ETF EXCHANGE TRADED FUND 92206C409 112616 1407 SH OTR ALL 1407 0 0 Citigroup Inc. PREFERRED STOCK 172967358 327763 10962 SH OTR ALL 10962 0 0 Digital Realty Trust Inc PREFERRED STOCK 253868871 272105 9920 SH OTR ALL 9920 0 0 Morgan Stanley Repstng 1/1000 Non Cuml PFD F Pe PREFERRED STOCK 61763E207 342077 11679 SH OTR ALL 11679 0 0 Nustar Logistics Lp PREFERRED STOCK 67059T204 321802 12595 SH OTR ALL 12595 0 0 Wells Fargo & Co PREFERRED STOCK 949746556 325890 11782 SH OTR ALL 11782 0 0 CyrusOne Inc. REITS - usd 23283R100 433456 7775 SH OTR ALL 7775 0 0 Omega Healthcare Investors Inc REITS - usd 681936100 664725 20131 SH OTR ALL 20131 0 0 W P Carey Inc REITS - usd 92936U109 780700 11827 SH OTR ALL 11827 0 0 Safeway Casa Ley CVR WARRANTS 786cvr209 84315 83481 SH OTR ALL 83481 0 0 Safeway PDC, LLC CVR WARRANTS 786cvr308 2504 83481 SH OTR ALL 83481 0 0