Chief Executive Officer

0000909012-19-000136.txt : 20191114 0000909012-19-000136.hdr.sgml : 20191114 20191114133650 ACCESSION NUMBER: 0000909012-19-000136 CONFORMED SUBMISSION TYPE: 13F-HR PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20190930 FILED AS OF DATE: 20191114 DATE AS OF CHANGE: 20191114 EFFECTIVENESS DATE: 20191114 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: 191218635 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 09-30-2019 09-30-2019 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 11-14-2019 0 122 117125850 false INFORMATION TABLE 2 aci_13f.xml 3M COMPANY COMMON STOCKS 88579Y101 4603 28 SH SOLE 0 28 0 0 Abbott Laboratories COMMON STOCKS 002824100 2342 28 SH SOLE 0 28 0 0 Abbvie Inc COMMON STOCKS 00287Y109 599399 7916 SH SOLE 0 7916 0 0 Altria Group Inc COMMON STOCKS 02209s103 488305 11939 SH SOLE 0 11939 0 0 Amgen Inc COMMON STOCKS 031162100 725662 3750 SH SOLE 0 3750 0 0 Apple Computer Inc COMMON STOCKS 037833100 24636 110 SH SOLE 0 110 0 0 Ares Capital Corp COMMON STOCKS 04010l103 696054 37352 SH SOLE 0 37352 0 0 AT&T Inc COMMON STOCKS 00206r102 664319 17556 SH SOLE 0 17556 0 0 Bank of N.T. Butterfield & Son Limited COMMON STOCKS G0772R208 360718 12170 SH SOLE 0 12170 0 0 BCE Inc COMMON STOCKS 05534b760 710900 14685 SH SOLE 0 14685 0 0 Blackrock Inc COMMON STOCKS 09247X101 3565 8 SH SOLE 0 8 0 0 Boeing Co COMMON STOCKS 097023105 5707 15 SH SOLE 0 15 0 0 Broadcom Corp New COMMON STOCKS 11135f101 686033 2485 SH SOLE 0 2485 0 0 CHEVRON CORP COMMON STOCKS 166764100 5574 47 SH SOLE 0 47 0 0 Cisco Sys Inc COMMON STOCKS 17275r102 642922 13012 SH SOLE 0 13012 0 0 COCA-COLA COMPANY COMMON STOCKS 191216100 6478 119 SH SOLE 0 119 0 0 Cracker Barrel COMMON STOCKS 22410J106 704599 4332 SH SOLE 0 4332 0 0 Crown Castle Intl Corp COMMON STOCKS 22822V101 446917 3215 SH SOLE 0 3215 0 0 Dominion Res Inc Va COMMON STOCKS 25746U109 424892 5243 SH SOLE 0 5243 0 0 Eaton Corp COMMON STOCKS G29183103 391969 4714 SH SOLE 0 4714 0 0 Home Depot Inc COMMON STOCKS 437076102 7192 31 SH SOLE 0 31 0 0 INTEL CORP COMMON STOCKS 458140100 4792 93 SH SOLE 0 93 0 0 International Paper Co COMMON STOCKS 460146103 2801 67 SH SOLE 0 67 0 0 J P Morgan Chase & Co COMMON STOCKS 46625h100 812884 6907 SH SOLE 0 6907 0 0 Johnson & Johnson COMMON STOCKS 478160104 615201 4755 SH SOLE 0 4755 0 0 KINDER MORGAN INC DE COMMON STOCKS 49456B101 334830 16246 SH SOLE 0 16246 0 0 Kohl's Corp COMMON STOCKS 500255104 503999 10149 SH SOLE 0 10149 0 0 Ladder Capitol Corp COMMON STOCKS 505743104 697224 40372 SH SOLE 0 40372 0 0 Legg Mason Inc COMMON STOCKS 524901105 775104 20296 SH SOLE 0 20296 0 0 LyondellBasell Industries NV COMMON STOCKS n53745100 623605 6970 SH SOLE 0 6970 0 0 Magellan Midstream COMMON STOCKS 559080106 355936 5371 SH SOLE 0 5371 0 0 Marathon Petroleum Corporation COMMON STOCKS 56585A102 2308 38 SH SOLE 0 38 0 0 McDonalds Corp COMMON STOCKS 580135101 5797 27 SH SOLE 0 27 0 0 Medtronic Inc COMMON STOCKS G5960L103 5105 47 SH SOLE 0 47 0 0 Microsoft Corp COMMON STOCKS 594918104 6395 46 SH SOLE 0 46 0 0 Morgan Stanley COMMON STOCKS 617446448 3584 84 SH SOLE 0 84 0 0 NextEra Energy Inc COMMON STOCKS 65339f101 468076 2009 SH SOLE 0 2009 0 0 Oneok Inc New COMMON STOCKS 682680103 722088 9799 SH SOLE 0 9799 0 0 PEPSICO INC COMMON STOCKS 713448108 775711 5658 SH SOLE 0 5658 0 0 Proctor & Gamble Co COMMON STOCKS 742718109 3482 28 SH SOLE 0 28 0 0 Rio Tinto PLC - Spon ADR COMMON STOCKS 767204100 601014 11538 SH SOLE 0 11538 0 0 Smucker J M Co COMMON STOCKS 832696405 688175 6255 SH SOLE 0 6255 0 0 Starbucks Corp COMMON STOCKS 855244109 5747 65 SH SOLE 0 65 0 0 T.Rowe Price Group Inc COMMON STOCKS 74144T108 4113 36 SH SOLE 0 36 0 0 Texas Instrs Inc COMMON STOCKS 882508104 807750 6250 SH SOLE 0 6250 0 0 United Parcel Services COMMON STOCKS 911312106 732938 6117 SH SOLE 0 6117 0 0 United Technologies COMMON STOCKS 913017109 5597 41 SH SOLE 0 41 0 0 US Bancorp COMMON STOCKS 902973304 5478 99 SH SOLE 0 99 0 0 Valero Energy Corp COMMON STOCKS 91913y100 616967 7238 SH SOLE 0 7238 0 0 Verizon Communications COMMON STOCKS 92343V104 3018 50 SH SOLE 0 50 0 0 Wal-Mart Stores Inc COMMON STOCKS 931142103 6764 57 SH SOLE 0 57 0 0 Ares Capital Corp CONVERTIBLE BOND 04010LAW3 2762812 2591 SH SOLE 0 2591 0 0 Blackrock TCP Cap CONVERTIBLE BOND 87238QAD5 2645680 2557 SH SOLE 0 2557 0 0 Booking Holdings Inc CONVERTIBLE BOND 741503AX4 3016537 2598 SH SOLE 0 2598 0 0 CSG Systems International CONVERTIBLE BOND 126349AF6 2246722 1979 SH SOLE 0 1979 0 0 Cypress Semiconductor Co CONVERTIBLE BOND 232806AP4 1366819 1121 SH SOLE 0 1121 0 0 Deutsche Bank AG London/VOYA CONVERTIBLE BOND 25155MKM2 2994230 2968 SH SOLE 0 2968 0 0 Dycom Inc CONVERTIBLE BOND 267475AB7 951819 994 SH SOLE 0 994 0 0 Greenbrier Cos Inc CONVERTIBLE BOND 393657AK7 1462471 1513 SH SOLE 0 1513 0 0 HANNON ARMSTRONG CONVERTIBLE BOND 41068XAB6 2565834 2271 SH SOLE 0 2271 0 0 Hercules Capital Inc CONVERTIBLE BOND 427096AF9 2308355 2212 SH SOLE 0 2212 0 0 ILLUMINA INC CONVERTIBLE BOND 452327AH2 2917654 2192 SH SOLE 0 2192 0 0 Interdigital Inc CONVERTIBLE BOND 458660AD9 1773075 1772 SH SOLE 0 1772 0 0 New Mountain Finance CONVERTIBLE BOND 647551AC4 2488004 2352 SH SOLE 0 2352 0 0 NXP Semiconductors CONVERTIBLE BOND 62952QAB6 2383272 2172 SH SOLE 0 2172 0 0 ON Semiconductor Corp CONVERTIBLE BOND 682189AP0 1926120 1579 SH SOLE 0 1579 0 0 Palo Alto Networks CONVERTIBLE BOND 697435ad7 623231 588 SH SOLE 0 588 0 0 Spirit Realty Capital CONVERTIBLE BOND 84860WAB8 2283182 2164 SH SOLE 0 2164 0 0 Starwood Property Trust CONVERTIBLE BOND 85571BAH8 1231358 1142 SH SOLE 0 1142 0 0 Synaptics Inc CONVERTIBLE BOND 87157DAD1 1441296 1540 SH SOLE 0 1540 0 0 TPG Specialty Lending CONVERTIBLE BOND 87265KAD4 2805724 2633 SH SOLE 0 2633 0 0 Vereit Inc CONVERTIBLE BOND 02917TAB0 2789221 2692 SH SOLE 0 2692 0 0 Verint Systems Inc CONVERTIBLE BOND 92343XAA8 1609365 1578 SH SOLE 0 1578 0 0 American Electric Power CONVERTIBLE PREFERRED STOCK 025537127 883504 16000 SH SOLE 0 16000 0 0 AMG Capital Trust II CONVERTIBLE PREFERRED STOCK 00170F209 1415845 29400 SH SOLE 0 29400 0 0 Assurant Inc CONVERTIBLE PREFERRED STOCK 04621X207 2595057 20702 SH SOLE 0 20702 0 0 Becton Dickinson and Co CONVERTIBLE PREFERRED STOCK 075887208 4173282 67386 SH SOLE 0 67386 0 0 Broadcom Inc CONVERTIBLE PREFERRED STOCK 11135F200 1771136 1725 SH SOLE 0 1725 0 0 Bunge Ltd. Perpetual Conv Pfd CONVERTIBLE PREFERRED STOCK G16962204 1632121 16100 SH SOLE 0 16100 0 0 Centerpoint Energy Inc CONVERTIBLE PREFERRED STOCK 15189T503 2988571 57085 SH SOLE 0 57085 0 0 Crown Castle Int Corp CONVERTIBLE PREFERRED STOCK 22822V309 4134730 3271 SH SOLE 0 3271 0 0 Danaher Corp CONVERTIBLE PREFERRED STOCK 235851300 3833782 3362 SH SOLE 0 3362 0 0 Dominion Energy CONVERTIBLE PREFERRED STOCK 25746U133 4126000 39052 SH SOLE 0 39052 0 0 Energizer Holdings Inc CONVERTIBLE PREFERRED STOCK 29272W208 299312 3136 SH SOLE 0 3136 0 0 Entertainment Properties CONVERTIBLE PREFERRED STOCK 26884U307 313387 8077 SH SOLE 0 8077 0 0 Fortive Corporation CONVERTIBLE PREFERRED STOCK 34959J207 2260426 2505 SH SOLE 0 2505 0 0 International Flavor & Fragrances CONVERTIBLE PREFERRED STOCK 459506309 2031693 43280 SH SOLE 0 43280 0 0 Sempra Energy CONVERTIBLE PREFERRED STOCK 816851406 2891876 24473 SH SOLE 0 24473 0 0 South Jersey Industries CONVERTIBLE PREFERRED STOCK 838518116 1612443 30971 SH SOLE 0 30971 0 0 Southern Co CONVERTIBLE PREFERRED STOCK 842587602 1479551 27650 SH SOLE 0 27650 0 0 Stanley Black & Decker CONVERTIBLE PREFERRED STOCK 854502887 3286153 32592 SH SOLE 0 32592 0 0 Wells Fargo & Company PFD CONVERTIBLE PREFERRED STOCK 949746804 3212019 2118 SH SOLE 0 2118 0 0 Franklin High Yield EXCHANGE TRADED FUND 35473P629 217608 8423 SH SOLE 0 8423 0 0 Global X MSCI Norway ETF EXCHANGE TRADED FUND 37950E747 187779 16160 SH SOLE 0 16160 0 0 Guggenheim Enhanced Short Duration Bond ETF EXCHANGE TRADED FUND 46090A887 115741 2296 SH SOLE 0 2296 0 0 Harvest CSI 300 China A-Shares ETF EXCHANGE TRADED FUND 233051879 191255 7060 SH SOLE 0 7060 0 0 iShares 0-5 Year Investment Grade Corporate Bond EXCHANGE TRADED FUND 46434V100 537225 10505 SH SOLE 0 10505 0 0 iShares 1-3 Year Credit Bond EXCHANGE TRADED FUND 464288646 450828 8400 SH SOLE 0 8400 0 0 iShares Convertible Bond ETF EXCHANGE TRADED FUND 46435G102 203896 3507 SH SOLE 0 3507 0 0 iShares Currency Hedged Canada EXCHANGE TRADED FUND 46435G706 213190 7903 SH SOLE 0 7903 0 0 ISHARES CURRENCY HEDGED MSCI GER ETF EXCHANGE TRADED FUND 46434v704 209145 7709 SH SOLE 0 7709 0 0 iShares DJ Select Dividend EXCHANGE TRADED FUND 464287168 6015 59 SH SOLE 0 59 0 0 iShares Floating Rate Bond ETF EXCHANGE TRADED FUND 46429B655 607868 11926 SH SOLE 0 11926 0 0 iShares iBoxx High Yield Corp Bond ETF EXCHANGE TRADED FUND 464288513 187502 2151 SH SOLE 0 2151 0 0 iShares iBoxx Investment Grade EXCHANGE TRADED FUND 464287242 223854 1756 SH SOLE 0 1756 0 0 iShares Interest Rate Hedged Long-Term Corporate EXCHANGE TRADED FUND 46431W812 217737 9031 SH SOLE 0 9031 0 0 iShares MBS ETF EXCHANGE TRADED FUND 464288588 427893 3951 SH SOLE 0 3951 0 0 ISHARES MSCI FRANCE ETF EXCHANGE TRADED FUND 464286707 206790 6861 SH SOLE 0 6861 0 0 ISHARES MSCI TAIWAN CAPPED ETF EXCHANGE TRADED FUND 46434g772 213287 5866 SH SOLE 0 5866 0 0 iShares TIPS Bond ETF EXCHANGE TRADED FUND 464287176 23258 200 SH SOLE 0 200 0 0 Market Vectors Investment Grade Floating Rate Bo EXCHANGE TRADED FUND 92189F486 177058 7015 SH SOLE 0 7015 0 0 SPDR S&P 500 ETF EXCHANGE TRADED FUND 78462f103 466819 1573 SH SOLE 0 1573 0 0 Vanguard Short-Term Corporate Bond ETF EXCHANGE TRADED FUND 92206C409 184064 2271 SH SOLE 0 2271 0 0 Brunswick Corp PREFERRED STOCK 117043406 282624 10617 SH SOLE 0 10617 0 0 Citigroup Inc PREFERRED STOCK 172967358 275792 9711 SH SOLE 0 9711 0 0 Citizens Financial Group PREFERRED STOCK 174610204 298981 10621 SH SOLE 0 10621 0 0 Digital Realty Trust PREFERRED STOCK 253868848 291518 10947 SH SOLE 0 10947 0 0 Energy Transfer Partners 7 5/8 percent PREFERRED STOCK 29278N400 261721 10596 SH SOLE 0 10596 0 0 Morgan Stanley PFD Perpetual PREFERRED STOCK 61763E207 285243 10180 SH SOLE 0 10180 0 0 Nustar Logistics LP PREFERRED STOCK 67059T204 287223 11094 SH SOLE 0 11094 0 0 Two Harbors Inv Corp PREFERRED STOCK 90187B507 290615 11212 SH SOLE 0 11212 0 0 Vereit Inc PREFERRED STOCK 92339V209 250331 9875 SH SOLE 0 9875 0 0