Chief Executive Officer

0000909012-19-000106.txt : 20190815 0000909012-19-000106.hdr.sgml : 20190815 20190815121024 ACCESSION NUMBER: 0000909012-19-000106 CONFORMED SUBMISSION TYPE: 13F-HR PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20190630 FILED AS OF DATE: 20190815 DATE AS OF CHANGE: 20190815 EFFECTIVENESS DATE: 20190815 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: 191029328 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 06-30-2019 06-30-2019 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 08-15-2019 0 100 116830877 false INFORMATION TABLE 2 aci_13f.xml Abbvie Inc COMMON STOCKS 00287Y109 586268 8062 SH OTR ALL 8062 0 0 Alexandria Real Estate CONVERTIBLE PREFERRED STOCK 015271505 1504971 39540 SH OTR ALL 39540 0 0 Altria Group Inc COMMON STOCKS 02209s103 571230 12064 SH OTR ALL 12064 0 0 American Electric Power CONVERTIBLE PREFERRED STOCK 025537127 853728 16000 SH OTR ALL 16000 0 0 AMG Capital Trust II CONVERTIBLE PREFERRED STOCK 00170F209 1407982 28975 SH OTR ALL 28975 0 0 Amgen Inc COMMON STOCKS 031162100 694735 3770 SH OTR ALL 3770 0 0 Ares Capital Corp COMMON STOCKS 04010l103 680733 37945 SH OTR ALL 37945 0 0 Ares Capital Corp CONVERTIBLE BOND 04010LAW3 2725739 2571 SH OTR ALL 2571 0 0 Assurant Inc CONVERTIBLE PREFERRED STOCK 04621X207 2301002 20622 SH OTR ALL 20622 0 0 AT&T Inc COMMON STOCKS 00206r102 593830 17721 SH OTR ALL 17721 0 0 Bank of N.T. Butterfield & Son Limited COMMON STOCKS G0772R208 564686 16628 SH OTR ALL 16628 0 0 BCE Inc COMMON STOCKS 05534b760 676969 14885 SH OTR ALL 14885 0 0 Becton Dickinson and Co CONVERTIBLE PREFERRED STOCK 075887208 4170338 67139 SH OTR ALL 67139 0 0 Belden Inc CONVERTIBLE PREFERRED STOCK 077454205 232563 2946 SH OTR ALL 2946 0 0 Blackrock TCP Cap CONVERTIBLE BOND 87238QAD5 2642809 2537 SH OTR ALL 2537 0 0 Booking Holdings Inc CONVERTIBLE BOND 741503AX4 2971922 2585 SH OTR ALL 2585 0 0 Broadcom Corp New COMMON STOCKS 11135f101 715907 2487 SH OTR ALL 2487 0 0 Brunswick Corp PREFERRED STOCK 117043406 286071 10948 SH OTR ALL 10948 0 0 Bunge Ltd. Perpetual Conv Pfd CONVERTIBLE PREFERRED STOCK G16962204 1592454 15944 SH OTR ALL 15944 0 0 Centerpoint Energy Inc CONVERTIBLE PREFERRED STOCK 15189T503 2226786 44220 SH OTR ALL 44220 0 0 Cisco Sys Inc COMMON STOCKS 17275r102 714226 13050 SH OTR ALL 13050 0 0 Citigroup Inc PREFERRED STOCK 172967358 276193 10007 SH OTR ALL 10007 0 0 Citizens Financial Group PREFERRED STOCK 174610204 293406 10948 SH OTR ALL 10948 0 0 Cracker Barrel COMMON STOCKS 22410J106 749504 4390 SH OTR ALL 4390 0 0 Crown Castle Int Corp CONVERTIBLE PREFERRED STOCK 22822V309 3927979 3275 SH OTR ALL 3275 0 0 Crown Castle Intl Corp COMMON STOCKS 22822V101 419857 3221 SH OTR ALL 3221 0 0 CSG Systems International CONVERTIBLE BOND 126349AF6 2218243 1964 SH OTR ALL 1964 0 0 Cypress Semiconductor Co CONVERTIBLE BOND 232806AP4 1338793 1116 SH OTR ALL 1116 0 0 Danaher Corp CONVERTIBLE PREFERRED STOCK 235851300 3677931 3337 SH OTR ALL 3337 0 0 Deutsche Bank AG London/VOYA CONVERTIBLE BOND 25155MKM2 2877482 2950 SH OTR ALL 2950 0 0 Digital Realty Trust PREFERRED STOCK 253868848 310389 11291 SH OTR ALL 11291 0 0 Dominion Energy CONVERTIBLE PREFERRED STOCK 25746U133 4006217 38725 SH OTR ALL 38725 0 0 Dominion Res Inc Va COMMON STOCKS 25746U109 406161 5253 SH OTR ALL 5253 0 0 Dominion Resources CONVERTIBLE PREFERRED STOCK 25746U836 6085 121 SH OTR ALL 121 0 0 Dycom Inc CONVERTIBLE BOND 267475AB7 971144 984 SH OTR ALL 984 0 0 Eaton Corp COMMON STOCKS G29183103 393331 4723 SH OTR ALL 4723 0 0 Energizer Holdings Inc CONVERTIBLE PREFERRED STOCK 29272W208 277908 3214 SH OTR ALL 3214 0 0 Energy Transfer Partners 7 5/8 percent PREFERRED STOCK 29278N400 265884 10888 SH OTR ALL 10888 0 0 Entertainment Properties CONVERTIBLE PREFERRED STOCK 26884U307 315478 8313 SH OTR ALL 8313 0 0 Fortive Corporation CONVERTIBLE PREFERRED STOCK 34959J207 2276269 2218 SH OTR ALL 2218 0 0 Franklin High Yield EXCHANGE TRADED FUND 35473P629 216416 8423 SH OTR ALL 8423 0 0 Global X MSCI Norway ETF EXCHANGE TRADED FUND 37950E747 454507 37277 SH OTR ALL 37277 0 0 Greenbrier Cos Inc CONVERTIBLE BOND 393657AK7 1477227 1500 SH OTR ALL 1500 0 0 Guggenheim Enhanced Short Duration Bond ETF EXCHANGE TRADED FUND 46090A887 115649 2296 SH OTR ALL 2296 0 0 HANNON ARMSTRONG CONVERTIBLE BOND 41068XAB6 2532614 2255 SH OTR ALL 2255 0 0 Harvest CSI 300 China A-Shares ETF EXCHANGE TRADED FUND 233051879 458444 16280 SH OTR ALL 16280 0 0 Hercules Capital Inc CONVERTIBLE BOND 427096AF9 2275847 2191 SH OTR ALL 2191 0 0 ILLUMINA INC CONVERTIBLE BOND 452327AH2 3358230 2172 SH OTR ALL 2172 0 0 Interdigital Inc CONVERTIBLE BOND 458660AD9 1844598 1757 SH OTR ALL 1757 0 0 International Flavor & Fragrances CONVERTIBLE PREFERRED STOCK 459506309 2309592 43030 SH OTR ALL 43030 0 0 iShares 0-5 Year Investment Grade Corporate Bond EXCHANGE TRADED FUND 46434V100 389461 7641 SH OTR ALL 7641 0 0 iShares 1-3 Year Credit Bond EXCHANGE TRADED FUND 464288646 341962 6399 SH OTR ALL 6399 0 0 iShares Convertible Bond ETF EXCHANGE TRADED FUND 46435G102 106677 1792 SH OTR ALL 1792 0 0 iShares Currency Hedged Canada EXCHANGE TRADED FUND 46435G706 483906 18230 SH OTR ALL 18230 0 0 ISHARES CURRENCY HEDGED MSCI GER ETF EXCHANGE TRADED FUND 46434v704 491699 17783 SH OTR ALL 17783 0 0 iShares Floating Rate Bond ETF EXCHANGE TRADED FUND 46429B655 479047 9406 SH OTR ALL 9406 0 0 iShares iBoxx High Yield Corp Bond ETF EXCHANGE TRADED FUND 464288513 133559 1532 SH OTR ALL 1532 0 0 iShares iBoxx Investment Grade EXCHANGE TRADED FUND 464287242 175983 1415 SH OTR ALL 1415 0 0 iShares Interest Rate Hedged Long-Term Corporate EXCHANGE TRADED FUND 46431W812 222786 9031 SH OTR ALL 9031 0 0 iShares MBS ETF EXCHANGE TRADED FUND 464288588 358308 3330 SH OTR ALL 3330 0 0 ISHARES MSCI FRANCE ETF EXCHANGE TRADED FUND 464286707 485066 15826 SH OTR ALL 15826 0 0 ISHARES MSCI TAIWAN CAPPED ETF EXCHANGE TRADED FUND 46434g772 473043 13531 SH OTR ALL 13531 0 0 iShares TIPS Bond ETF EXCHANGE TRADED FUND 464287176 23098 200 SH OTR ALL 200 0 0 J P Morgan Chase & Co COMMON STOCKS 46625h100 777345 6953 SH OTR ALL 6953 0 0 Johnson & Johnson COMMON STOCKS 478160104 662554 4757 SH OTR ALL 4757 0 0 KINDER MORGAN INC DE COMMON STOCKS 49456B101 348153 16674 SH OTR ALL 16674 0 0 Kohl's Corp COMMON STOCKS 500255104 486721 10236 SH OTR ALL 10236 0 0 Ladder Capitol Corp COMMON STOCKS 505743104 678584 40854 SH OTR ALL 40854 0 0 Legg Mason Inc COMMON STOCKS 524901105 789831 20633 SH OTR ALL 20633 0 0 LyondellBasell Industries NV COMMON STOCKS n53745100 607130 7049 SH OTR ALL 7049 0 0 Magellan Midstream COMMON STOCKS 559080106 344384 5381 SH OTR ALL 5381 0 0 Market Vectors Investment Grade Floating Rate Bo EXCHANGE TRADED FUND 92189F486 176742 7015 SH OTR ALL 7015 0 0 Morgan Stanley PFD Perpetual PREFERRED STOCK 61763E207 288284 10506 SH OTR ALL 10506 0 0 New Mountain Finance CONVERTIBLE BOND 647551AC4 2498633 2332 SH OTR ALL 2332 0 0 NextEra Energy Inc COMMON STOCKS 65339f101 412178 2012 SH OTR ALL 2012 0 0 Nustar Logistics LP PREFERRED STOCK 67059T204 285656 11408 SH OTR ALL 11408 0 0 NXP Semiconductors CONVERTIBLE BOND 62952QAB6 2281393 2155 SH OTR ALL 2155 0 0 ON Semiconductor Corp CONVERTIBLE BOND 682189AP0 1919952 1564 SH OTR ALL 1564 0 0 Oneok Inc New COMMON STOCKS 682680103 681563 9905 SH OTR ALL 9905 0 0 PEPSICO INC COMMON STOCKS 713448108 752555 5739 SH OTR ALL 5739 0 0 Red Hat Inc CONVERTIBLE BOND 756577AD4 3900305 1528 SH OTR ALL 1528 0 0 Rio Tinto PLC - Spon ADR COMMON STOCKS 767204100 727570 11671 SH OTR ALL 11671 0 0 Sempra Energy CONVERTIBLE PREFERRED STOCK 816851406 2715524 24310 SH OTR ALL 24310 0 0 Smucker J M Co COMMON STOCKS 832696405 728807 6327 SH OTR ALL 6327 0 0 South Jersey Industries CONVERTIBLE PREFERRED STOCK 838518116 1641742 30872 SH OTR ALL 30872 0 0 SPDR S&P 500 ETF EXCHANGE TRADED FUND 78462f103 1018468 3476 SH OTR ALL 3476 0 0 Spirit Realty Capital CONVERTIBLE BOND 84860WAB8 2213215 2143 SH OTR ALL 2143 0 0 Stanley Black & Decker CONVERTIBLE PREFERRED STOCK 854502887 3317085 32494 SH OTR ALL 32494 0 0 Starwood Property Trust CONVERTIBLE BOND 85571BAH8 1168870 1127 SH OTR ALL 1127 0 0 Synaptics Inc CONVERTIBLE BOND 87157DAD1 1364666 1526 SH OTR ALL 1526 0 0 Texas Instrs Inc COMMON STOCKS 882508104 721381 6286 SH OTR ALL 6286 0 0 TPG Specialty Lending CONVERTIBLE BOND 87265KAD4 2795730 2619 SH OTR ALL 2619 0 0 Two Harbors Inv Corp PREFERRED STOCK 90187B507 288422 11560 SH OTR ALL 11560 0 0 United Parcel Services COMMON STOCKS 911312106 635833 6157 SH OTR ALL 6157 0 0 Valero Energy Corp COMMON STOCKS 91913y100 627093 7325 SH OTR ALL 7325 0 0 Vanguard Short-Term Corporate Bond ETF EXCHANGE TRADED FUND 92206C409 183224 2271 SH OTR ALL 2271 0 0 VER.F temp sec PREFERRED STOCK 92339v969 24125 965 SH OTR ALL 965 0 0 Vereit Inc CONVERTIBLE BOND 02917TAB0 2707108 2680 SH OTR ALL 2680 0 0 Vereit Inc PREFERRED STOCK 92339V209 256713 10183 SH OTR ALL 10183 0 0 Wells Fargo & Company PFD CONVERTIBLE PREFERRED STOCK 949746804 2872375 2100 SH OTR ALL 2100 0 0