Chief Executive Officer

0000909012-18-000142.txt : 20181114 0000909012-18-000142.hdr.sgml : 20181114 20181114104804 ACCESSION NUMBER: 0000909012-18-000142 CONFORMED SUBMISSION TYPE: 13F-HR PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20180930 FILED AS OF DATE: 20181114 DATE AS OF CHANGE: 20181114 EFFECTIVENESS DATE: 20181114 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: 181181297 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 09-30-2018 09-30-2018 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 11-13-2018 0 191 403900020 false INFORMATION TABLE 2 aci_13f.xml 3M COMPANY COMMON STOCKS 88579Y101 3309621 15707 SH OTR 15,707.00 0 0 0 Advance Auto Parts Inc COMMON STOCKS 00751Y106 3432922 20394 SH OTR 20,394.00 0 0 0 Aetna Inc COMMON STOCKS 00817Y108 3142755 15493 SH OTR 15,493.00 0 0 0 Aflac Inc COMMON STOCKS 001055102 2682613 56992 SH OTR 56,992.00 0 0 0 Agilent Technologies COMMON STOCKS 00846U101 2383123 33784 SH OTR 33,784.00 0 0 0 Altria Group Inc COMMON STOCKS 02209s103 671793 11139 SH OTR 11,139.00 0 0 0 American Express Co COMMON STOCKS 025816109 3337183 31338 SH OTR 31,338.00 0 0 0 Ameriprise Financial, Inc. COMMON STOCKS 03076C106 2083334 14109 SH OTR 14,109.00 0 0 0 Amerisourcebergen Corp Com COMMON STOCKS 03073E105 2271286 24629 SH OTR 24,629.00 0 0 0 Ametek Inc. COMMON STOCKS 031100100 2519180 31840 SH OTR 31,840.00 0 0 0 Amgen Inc COMMON STOCKS 031162100 4944902 23855 SH OTR 23,855.00 0 0 0 Anadarko Pete Corp COMMON STOCKS 032511107 3041067 45113 SH OTR 45,113.00 0 0 0 Analog Devices Inc COMMON STOCKS 032654105 2570295 27799 SH OTR 27,799.00 0 0 0 Applied Materials Inc COMMON STOCKS 038222105 1983904 51330 SH OTR 51,330.00 0 0 0 Ares Capital Corp COMMON STOCKS 04010l103 658359 38299 SH OTR 38,299.00 0 0 0 AT&T Inc COMMON STOCKS 00206r102 2113189 62930 SH OTR 62,930.00 0 0 0 Automatic Data Processing Inc. COMMON STOCKS 053015103 3499831 23230 SH OTR 23,230.00 0 0 0 Baker Hughes GE Co. COMMON STOCKS 05722G100 2518136 74435 SH OTR 74,435.00 0 0 0 Bank of N.T. Butterfield & Son Limited COMMON STOCKS G0772R208 769965 14847 SH OTR 14,847.00 0 0 0 Bank of New York Mellon Corp COMMON STOCKS 064058100 2573822 50477 SH OTR 50,477.00 0 0 0 BB&T Corp COMMON STOCKS 054937107 2451027 50495 SH OTR 50,495.00 0 0 0 BCE Inc COMMON STOCKS 05534b760 592564 14624 SH OTR 14,624.00 0 0 0 Block H & R Inc COMMON STOCKS 093671105 2166708 84144 SH OTR 84,144.00 0 0 0 Boeing Co COMMON STOCKS 097023105 379338 1020 SH OTR 1,020.00 0 0 0 Broadcom Corp New COMMON STOCKS 11135f101 671105 2720 SH OTR 2,720.00 0 0 0 CA Inc COMMON STOCKS 12673P105 3036460 68776 SH OTR 68,776.00 0 0 0 Campbell Soup Co COMMON STOCKS 134429109 1798093 49088 SH OTR 49,088.00 0 0 0 Cardinal Health Inc COMMON STOCKS 14149Y108 1930608 35752 SH OTR 35,752.00 0 0 0 Caterpillar Inc COMMON STOCKS 149123101 3009237 19734 SH OTR 19,734.00 0 0 0 Centerpoint Energy, Inc. COMMON STOCKS 15189T107 2289917 82818 SH OTR 82,818.00 0 0 0 Church & Dwight Co Inc COMMON STOCKS 171340102 2715465 45738 SH OTR 45,738.00 0 0 0 Cisco Sys Inc COMMON STOCKS 17275r102 945512 19435 SH OTR 19,435.00 0 0 0 Citigroup Inc COMMON STOCKS 172967424 4211424 58704 SH OTR 58,704.00 0 0 0 Citizens Financial Group COMMON STOCKS 174610105 2103839 54546 SH OTR 54,546.00 0 0 0 CMS Energy Corp COMMON STOCKS 125896100 2473667 50483 SH OTR 50,483.00 0 0 0 Comerica Inc COMMON STOCKS 200340107 2334646 25883 SH OTR 25,883.00 0 0 0 Consolidated Edison COMMON STOCKS 209115104 2276481 29879 SH OTR 29,879.00 0 0 0 Constellation Brands COMMON STOCKS 21036P108 2573209 11934 SH OTR 11,934.00 0 0 0 CSX Corp COMMON STOCKS 126408103 3450952 46603 SH OTR 46,603.00 0 0 0 D.R. Horton Inc COMMON STOCKS 23331A109 1906240 45193 SH OTR 45,193.00 0 0 0 Deere & Co COMMON STOCKS 244199105 2512164 16711 SH OTR 16,711.00 0 0 0 Dentsply Intl Inc COMMON STOCKS 24906P109 1345431 35650 SH OTR 35,650.00 0 0 0 Dominion Res Inc Va COMMON STOCKS 25746U109 341771 4863 SH OTR 4,863.00 0 0 0 Eastman Chem Co COMMON STOCKS 277432100 2284836 23870 SH OTR 23,870.00 0 0 0 EQT Midstream Partners LP COMMON STOCKS 26885b100 267489 5068 SH OTR 5,068.00 0 0 0 Fastenal Co. COMMON STOCKS 311900104 2457379 42354 SH OTR 42,354.00 0 0 0 Foot Locker Inc COMMON STOCKS 344849104 2465647 48365 SH OTR 48,365.00 0 0 0 Garmin Ltd COMMON STOCKS H2906T109 2680813 38270 SH OTR 38,270.00 0 0 0 Goldman Sachs Group COMMON STOCKS 38141G104 2900095 12933 SH OTR 12,933.00 0 0 0 Grainger W W Inc COMMON STOCKS 384802104 3488679 9761 SH OTR 9,761.00 0 0 0 Halliburton Co COMMON STOCKS 406216101 2081337 51353 SH OTR 51,353.00 0 0 0 HUMANA INC COMMON STOCKS 444859102 3325620 9824 SH OTR 9,824.00 0 0 0 International Flavors & Fragrances COMMON STOCKS 459506101 2075948 14922 SH OTR 14,922.00 0 0 0 Intuit COMMON STOCKS 461202103 3636126 15990 SH OTR 15,990.00 0 0 0 J P Morgan Chase & Co COMMON STOCKS 46625h100 7477455 66266 SH OTR 66,266.00 0 0 0 JB Hunt COMMON STOCKS 445658107 2284123 19204 SH OTR 19,204.00 0 0 0 Johnson & Johnson COMMON STOCKS 478160104 723181 5234 SH OTR 5,234.00 0 0 0 Johnson Controls Inc COMMON STOCKS G51502105 2321585 66331 SH OTR 66,331.00 0 0 0 Kansas City Southern COMMON STOCKS 485170302 2348747 20734 SH OTR 20,734.00 0 0 0 Keycorp COMMON STOCKS 493267108 2314360 116358 SH OTR 116,358.00 0 0 0 KINDER MORGAN INC DE COMMON STOCKS 49456B101 312065 17601 SH OTR 17,601.00 0 0 0 Kla-Tencor Corp COMMON STOCKS 482480100 2194494 21576 SH OTR 21,576.00 0 0 0 Kohl's Corp COMMON STOCKS 500255104 3685602 49438 SH OTR 49,438.00 0 0 0 Ladder Capitol Corp COMMON STOCKS 505743104 705296 41635 SH OTR 41,635.00 0 0 0 Lennar Corp - Cl A COMMON STOCKS 526057104 1638025 35083 SH OTR 35,083.00 0 0 0 Leucadia National Corp COMMON STOCKS 47233w109 1811041 82470 SH OTR 82,470.00 0 0 0 LyondellBasell Industries NV COMMON STOCKS n53745100 674105 6576 SH OTR 6,576.00 0 0 0 M & T Bk Corp COMMON STOCKS 55261F104 2315900 14075 SH OTR 14,075.00 0 0 0 Marathon Oil Corp COMMON STOCKS 565849106 3013060 129427 SH OTR 129,427.00 0 0 0 Marathon Petroleum Corporation COMMON STOCKS 56585A102 2949213 36879 SH OTR 36,879.00 0 0 0 Marriott Intl Inc COMMON STOCKS 571903202 2614854 19805 SH OTR 19,805.00 0 0 0 Mattel Inc COMMON STOCKS 577081102 2205065 140450 SH OTR 140,450.00 0 0 0 Merck & Co Inc COMMON STOCKS 58933Y105 4900889 69085 SH OTR 69,085.00 0 0 0 Microsoft Corp COMMON STOCKS 594918104 12851299 112366 SH OTR 112,366.00 0 0 0 Mosaic Company COMMON STOCKS 61945C103 2817282 86739 SH OTR 86,739.00 0 0 0 NextEra Energy Inc COMMON STOCKS 65339f101 409614 2444 SH OTR 2,444.00 0 0 0 Nordstrom Inc COMMON STOCKS 655664100 2810651 46993 SH OTR 46,993.00 0 0 0 NRG Energy Inc. COMMON STOCKS 629377508 2949214 78856 SH OTR 78,856.00 0 0 0 nVent COMMON STOCKS G6700G107 861026 31702 SH OTR 31,702.00 0 0 0 Oneok Inc New COMMON STOCKS 682680103 669019 9869 SH OTR 9,869.00 0 0 0 Packaging Corp of America COMMON STOCKS 695156109 1971677 17975 SH OTR 17,975.00 0 0 0 Paychex Inc COMMON STOCKS 704326107 3459782 46976 SH OTR 46,976.00 0 0 0 Pentair PLC COMMON STOCKS G7S00T104 1374281 31702 SH OTR 31,702.00 0 0 0 People's United Financial COMMON STOCKS 712704105 2007525 117262 SH OTR 117,262.00 0 0 0 PEPSICO INC COMMON STOCKS 713448108 701656 6276 SH OTR 6,276.00 0 0 0 Pfizer Inc COMMON STOCKS 717081103 787751 17875 SH OTR 17,875.00 0 0 0 Philip Morris Intl Inc COMMON STOCKS 718172109 3121514 38282 SH OTR 38,282.00 0 0 0 PNC FINANCIAL SERVICES GROUP INC COMMON STOCKS 693475105 2728566 20035 SH OTR 20,035.00 0 0 0 Prudential Finl Inc COMMON STOCKS 744320102 2327016 22967 SH OTR 22,967.00 0 0 0 Pulte Homes Inc COMMON STOCKS 745867101 1627141 65690 SH OTR 65,690.00 0 0 0 Qualcomm Inc COMMON STOCKS 747525103 3599267 49969 SH OTR 49,969.00 0 0 0 Range Res Corp COMMON STOCKS 75281A109 2201411 129571 SH OTR 129,571.00 0 0 0 Regions Finl Corp COMMON STOCKS 7591EP100 2472937 134765 SH OTR 134,765.00 0 0 0 Republic Services Inc COMMON STOCKS 760759100 2588585 35626 SH OTR 35,626.00 0 0 0 Rio Tinto PLC - Spon ADR COMMON STOCKS 767204100 589229 11549 SH OTR 11,549.00 0 0 0 Schwab Charles Corp COMMON STOCKS 808513105 2736868 55684 SH OTR 55,684.00 0 0 0 Sealed Air Corp New COMMON STOCKS 81211K100 1854488 46189 SH OTR 46,189.00 0 0 0 Sempra Energy COMMON STOCKS 816851109 2641275 23220 SH OTR 23,220.00 0 0 0 Six Flags Entertainment COMMON STOCKS 83001a102 764598 10951 SH OTR 10,951.00 0 0 0 SKYWORKS SOLUTIONS INC COMMON STOCKS 83088M102 2138216 23572 SH OTR 23,572.00 0 0 0 SMITH (A.O.) CORP COMMON STOCKS 831865209 1928151 36128 SH OTR 36,128.00 0 0 0 SOUTHERN COMPANY COMMON STOCKS 842587107 2521911 57842 SH OTR 57,842.00 0 0 0 Starbucks Corp COMMON STOCKS 855244109 2992626 52650 SH OTR 52,650.00 0 0 0 Sysco Corp COMMON STOCKS 871829107 3016288 41178 SH OTR 41,178.00 0 0 0 Target Corp COMMON STOCKS 87612E106 3301171 37424 SH OTR 37,424.00 0 0 0 Texas Instrs Inc COMMON STOCKS 882508104 4125515 38452 SH OTR 38,452.00 0 0 0 Thermo Fisher Scientific Inc COMMON STOCKS 883556102 3669742 15035 SH OTR 15,035.00 0 0 0 Tjx Cos Inc New COMMON STOCKS 872540109 4008523 35784 SH OTR 35,784.00 0 0 0 Total Sys Svcs Inc COMMON STOCKS 891906109 2851709 28881 SH OTR 28,881.00 0 0 0 United Parcel Services COMMON STOCKS 911312106 704469 6034 SH OTR 6,034.00 0 0 0 Unitedhealth Group Inc COMMON STOCKS 91324P102 5452489 20495 SH OTR 20,495.00 0 0 0 Unum Group COMMON STOCKS 91529Y106 1582803 40512 SH OTR 40,512.00 0 0 0 Valero Energy Corp COMMON STOCKS 91913y100 4122641 36243 SH OTR 36,243.00 0 0 0 Viacom Inc Cl B COMMON STOCKS 92553P201 2669369 79069 SH OTR 79,069.00 0 0 0 Walt Disney Co COMMON STOCKS 254687106 4307601 36836 SH OTR 36,836.00 0 0 0 Wells Fargo & Co New COMMON STOCKS 949746101 4766508 90687 SH OTR 90,687.00 0 0 0 Western Un Co COMMON STOCKS 959802109 2059375 108047 SH OTR 108,047.00 0 0 0 Whirlpool Corp COMMON STOCKS 963320106 1621531 13655 SH OTR 13,655.00 0 0 0 Williams Cos Inc Del COMMON STOCKS 969457100 2052219 75477 SH OTR 75,477.00 0 0 0 Willis Tower Watson PLC COMMON STOCKS G96629103 2218959 15744 SH OTR 15,744.00 0 0 0 Xilinx Inc COMMON STOCKS 983919101 2542270 31711 SH OTR 31,711.00 0 0 0 Zions Bancorp COMMON STOCKS 989701107 2205998 43988 SH OTR 43,988.00 0 0 0 Arconinc (RTI) CONVERTIBLE BOND 74973WAB3 995543 959 SH OTR 959.00 0 0 0 Ares Capital Corp CONVERTIBLE BOND 04010LAT0 1976649 1929 SH OTR 1,929.00 0 0 0 Booking Holdings Inc CONVERTIBLE BOND 741503AX4 3183406 2683 SH OTR 2,683.00 0 0 0 Citrix Inc CONVERTIBLE BOND 177376AD2 2063963 1338 SH OTR 1,338.00 0 0 0 CSG Systems International CONVERTIBLE BOND 126349AF6 2191595 2066 SH OTR 2,066.00 0 0 0 Deutsche Bank AG London CONVERTIBLE BOND 25155MKM2 2974430 3121 SH OTR 3,121.00 0 0 0 Dycom Inc CONVERTIBLE BOND 267475AB7 1125062 1016 SH OTR 1,016.00 0 0 0 HANNON ARMSTRONG CONVERTIBLE BOND 41068XAB6 2324831 2369 SH OTR 2,369.00 0 0 0 Hercules Capital Inc CONVERTIBLE BOND 427096AF9 2299192 2305 SH OTR 2,305.00 0 0 0 Illumina Inc CONVERTIBLE BOND 452327AF6 3213366 2215 SH OTR 2,215.00 0 0 0 Interdigital Inc CONVERTIBLE BOND 458660AD9 2120619 1799 SH OTR 1,799.00 0 0 0 Micron Technology CONVERTIBLE BOND 595112AY9 1765534 1122 SH OTR 1,122.00 0 0 0 New Mountain Finance CONVERTIBLE BOND 647551AC4 2482983 2445 SH OTR 2,445.00 0 0 0 NXP Semiconductors CONVERTIBLE BOND 62952QAB6 2385087 2274 SH OTR 2,274.00 0 0 0 ON Semiconductor Corp CONVERTIBLE BOND 682189AP0 1860988 1634 SH OTR 1,634.00 0 0 0 Red Hat Inc CONVERTIBLE BOND 756577AD4 3004343 1622 SH OTR 1,622.00 0 0 0 RPM International Inc CONVERTIBLE BOND 749685AT0 1977802 1585 SH OTR 1,585.00 0 0 0 Spirit Realty Capital CONVERTIBLE BOND 84860WAB8 2344963 2255 SH OTR 2,255.00 0 0 0 Starwood Property Trust CONVERTIBLE BOND 85571BAH8 1228963 1176 SH OTR 1,176.00 0 0 0 TCP Capital Corp CONVERTIBLE BOND 87238QAB9 2407438 2304 SH OTR 2,304.00 0 0 0 TPG Specialty Lending CONVERTIBLE BOND 87265KAB8 2550067 2464 SH OTR 2,464.00 0 0 0 Vereit Inc CONVERTIBLE BOND 02917TAB0 2905919 2814 SH OTR 2,814.00 0 0 0 Alexandria Real Estate CONVERTIBLE PREFERRED STOCK 015271505 1817851 51770 SH OTR 51,770.00 0 0 0 AMG Capital Trust II CONVERTIBLE PREFERRED STOCK 00170F209 1760413 30230 SH OTR 30,230.00 0 0 0 Assurant Inc CONVERTIBLE PREFERRED STOCK 04621X207 2463212 21581 SH OTR 21,581.00 0 0 0 Becton Dickinson and Co CONVERTIBLE PREFERRED STOCK 075887208 4772921 72839 SH OTR 72,839.00 0 0 0 Belden Inc CONVERTIBLE PREFERRED STOCK 077454205 297054 3150 SH OTR 3,150.00 0 0 0 Bunge Ltd. Perpetual Conv Pfd CONVERTIBLE PREFERRED STOCK G16962204 1801242 16674 SH OTR 16,674.00 0 0 0 Centerpoint Energy Inc CONVERTIBLE PREFERRED STOCK 15189T503 1780433 35345 SH OTR 35,345.00 0 0 0 Crown Castle Int Corp CONVERTIBLE PREFERRED STOCK 22822V309 3795631 3505 SH OTR 3,505.00 0 0 0 Dominion Resources CONVERTIBLE PREFERRED STOCK 25746U836 4069693 85873 SH OTR 85,873.00 0 0 0 Entertainment Properties CONVERTIBLE PREFERRED STOCK 26884U307 326225 9082 SH OTR 9,082.00 0 0 0 Fortive Corporation CONVERTIBLE PREFERRED STOCK 34959J207 1370939 1278 SH OTR 1,278.00 0 0 0 Hess Corp CONVERTIBLE PREFERRED STOCK 42809H404 2521113 31689 SH OTR 31,689.00 0 0 0 International Flavor & Fragrances CONVERTIBLE PREFERRED STOCK 459506309 2414765 44425 SH OTR 44,425.00 0 0 0 Nabors Industries CONVERTIBLE PREFERRED STOCK G6359F129 433547 9890 SH OTR 9,890.00 0 0 0 Rayonier CONVERTIBLE PREFERRED STOCK 75508B203 198701 1544 SH OTR 1,544.00 0 0 0 Sempra Energy CONVERTIBLE PREFERRED STOCK 816851406 2558189 25361 SH OTR 25,361.00 0 0 0 South Jersey Industries CONVERTIBLE PREFERRED STOCK 838518116 1824325 32496 SH OTR 32,496.00 0 0 0 Stanley Black & Decker CONVERTIBLE PREFERRED STOCK 854502887 3457442 31254 SH OTR 31,254.00 0 0 0 Wells Fargo & Company PFD CONVERTIBLE PREFERRED STOCK 949746804 2840376 2212 SH OTR 2,212.00 0 0 0 Welltower Inc Pfd CONVERTIBLE PREFERRED STOCK 95040Q203 2171781 35493 SH OTR 35,493.00 0 0 0 Franklin High Yield EXCHANGE TRADED FUND 35473P629 213354 8423 SH OTR 8,423.00 0 0 0 Global X MSCI Norway ETF EXCHANGE TRADED FUND 37950E747 519412 34127 SH OTR 34,127.00 0 0 0 Guggenheim Enhanced Short Duration Bond ETF EXCHANGE TRADED FUND 46090A887 115316 2296 SH OTR 2,296.00 0 0 0 iShares 0-5 Year Investment Grade Corporate Bond EXCHANGE TRADED FUND 46434V100 489101 9849 SH OTR 9,849.00 0 0 0 iShares 1-3 Year Credit Bond EXCHANGE TRADED FUND 464288646 430396 8304 SH OTR 8,304.00 0 0 0 iShares Convertible Bond ETF EXCHANGE TRADED FUND 46435G102 122772 2051 SH OTR 2,051.00 0 0 0 iShares Currency Hedged Canada EXCHANGE TRADED FUND 46435G706 496194 18675 SH OTR 18,675.00 0 0 0 ISHARES CURRENCY HEDGED MSCI GER ETF EXCHANGE TRADED FUND 46434v704 496620 18238 SH OTR 18,238.00 0 0 0 iShares Currency Hedged South Korea EXCHANGE TRADED FUND 46435G888 499111 17087 SH OTR 17,087.00 0 0 0 iShares Floating Rate Bond ETF EXCHANGE TRADED FUND 46429B655 600046 11761 SH OTR 11,761.00 0 0 0 iShares iBoxx High Yield Corp Bond ETF EXCHANGE TRADED FUND 464288513 178498 2065 SH OTR 2,065.00 0 0 0 iShares iBoxx Investment Grade EXCHANGE TRADED FUND 464287242 213080 1854 SH OTR 1,854.00 0 0 0 iShares Interest Rate Hedged Long-Term Corporate EXCHANGE TRADED FUND 46431W812 238057 9031 SH OTR 9,031.00 0 0 0 iShares MBS ETF EXCHANGE TRADED FUND 464288588 420449 4069 SH OTR 4,069.00 0 0 0 ISHARES MSCI FRANCE ETF EXCHANGE TRADED FUND 464286707 507607 16171 SH OTR 16,171.00 0 0 0 ISHARES MSCI TAIWAN CAPPED ETF EXCHANGE TRADED FUND 46434g772 491834 13046 SH OTR 13,046.00 0 0 0 iShares TIPS Bond ETF EXCHANGE TRADED FUND 464287176 22124 200 SH OTR 200.00 0 0 0 Market Vectors Investment Grade Floating Rate Bo EXCHANGE TRADED FUND 92189F486 177689 7015 SH OTR 7,015.00 0 0 0 SPDR S&P 500 ETF EXCHANGE TRADED FUND 78462f103 1025078 3526 SH OTR 3,526.00 0 0 0 Vanguard Short-Term Corporate Bond ETF EXCHANGE TRADED FUND 92206C409 177501 2271 SH OTR 2,271.00 0 0 0 Citigroup Inc PREFERRED STOCK 172967358 289873 10386 SH OTR 10,386.00 0 0 0 Digital Realty Trust Inc PREFERRED STOCK 253868871 300268 11803 SH OTR 11,803.00 0 0 0 Energy Transfer Partners 7 5/8 percent PREFERRED STOCK 29278N400 282629 10925 SH OTR 10,925.00 0 0 0 Morgan Stanley PFD Perpetual PREFERRED STOCK 61763E207 299756 10948 SH OTR 10,948.00 0 0 0 Nustar Logistics LP PREFERRED STOCK 67059T204 299667 11868 SH OTR 11,868.00 0 0 0 Crown Castle Intl Corp REITS - usd 22822V101 348796 3133 SH OTR 3,133.00 0 0 0 W P Carey Inc REITS - usd 92936u109 626186 9737 SH OTR 9,737.00 0 0 0