Laffer Investments 13F-HR Quarterly holdings report by institutional manager

The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete.
The reader should not assume that the information is accurate and complete.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F

FORM 13F INFORMATION TABLE

OMB APPROVAL

OMB Number:		3235-0006
Expires:	Oct 31, 2018
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COLUMN 1	COLUMN 2	COLUMN 3	COLUMN 4	COLUMN 5			COLUMN 6	COLUMN 7	COLUMN 8
			VALUE	SHRS OR	SH/	PUT/	INVESTMENT	OTHER	VOTING AUTHORITY
NAME OF ISSUER	TITLE OF CLASS	CUSIP	(x$1000)	PRN AMT	PRN	CALL	DISCRETION	MANAGER	SOLE	SHARED	NONE
Abbott Labs	COMMON STOCKS	002824100	1,473,331	42,240	SH		SOLE	ALL	42,240	0	0
AbbVie Inc.	COMMON STOCKS	00287Y109	1,746,201	42,240	SH		SOLE	ALL	42,240	0	0
Abercrombie & Fitch	COMMON STOCKS	002896207	1,601,850	35,400	SH		SOLE	ALL	35,400	0	0
Access Midstream Partners LP	COMMON STOCKS	00434L109	6,360,102	133,335	SH		SOLE	ALL	133,335	0	0
Aflac Inc	COMMON STOCKS	001055102	3,327,660	57,255	SH		SOLE	ALL	57,255	0	0
Allergan Inc	COMMON STOCKS	018490102	3,900,312	46,300	SH		SOLE	ALL	46,300	0	0
Altera Corp	COMMON STOCKS	021441100	2,520,436	76,400	SH		SOLE	ALL	76,400	0	0
American Capital Agency Corp	COMMON STOCKS	02503X105	23	1	SH		SOLE	ALL	1	0	0
American Realty Capital Properties Inc.	COMMON STOCKS	02917T104	6,136,783	402,148	SH		SOLE	ALL	402,148	0	0
Analog Devices Inc	COMMON STOCKS	032654105	1,418,849	31,488	SH		SOLE	ALL	31,488	0	0
Ares Capital Corp	COMMON STOCKS	04010L103	5,728,157	333,032	SH		SOLE	ALL	333,032	0	0
AT&T Inc	COMMON STOCKS	00206R102	2,828,991	79,915	SH		SOLE	ALL	79,915	0	0
Automatic Data Processing	COMMON STOCKS	053015103	6,303,967	91,548	SH		SOLE	ALL	91,548	0	0
Baker Hughes Inc	COMMON STOCKS	057224107	2,297,274	49,800	SH		SOLE	ALL	49,800	0	0
BCE Inc	COMMON STOCKS	05534B760	5,364,110	130,768	SH		SOLE	ALL	130,768	0	0
Becton Dickinson and Company	COMMON STOCKS	075887109	3,213,951	32,520	SH		SOLE	ALL	32,520	0	0
Blackrock Inc	COMMON STOCKS	09247X101	6,015,590	23,421	SH		SOLE	ALL	23,421	0	0
C R Bard Inc	COMMON STOCKS	067383109	1,032,460	9,500	SH		SOLE	ALL	9,500	0	0
CA Inc	COMMON STOCKS	12673P105	1,480,655	51,735	SH		SOLE	ALL	51,735	0	0
Capital One Finl Corp	COMMON STOCKS	14040H105	2,165,688	34,480	SH		SOLE	ALL	34,480	0	0
CF Inds Hldgs Inc	COMMON STOCKS	125269100	2,486,750	14,500	SH		SOLE	ALL	14,500	0	0
Cigna Corp	COMMON STOCKS	125509109	3,899,962	53,800	SH		SOLE	ALL	53,800	0	0
Cincinnati Finl Corp	COMMON STOCKS	172062101	45	1	SH		SOLE	ALL	1	0	0
Clorox Co	COMMON STOCKS	189054109	5,345,902	64,300	SH		SOLE	ALL	64,300	0	0
CMS Energy Corp	COMMON STOCKS	125896100	1,583,820	58,293	SH		SOLE	ALL	58,293	0	0
Coca-Cola Enterprises Inc	COMMON STOCKS	19122T109	1,835,352	52,200	SH		SOLE	ALL	52,200	0	0
Coca Cola Co	COMMON STOCKS	191216100	5,931,306	147,876	SH		SOLE	ALL	147,876	0	0
Comerica Inc	COMMON STOCKS	200340107	1,190,917	29,900	SH		SOLE	ALL	29,900	0	0
Costco Whsl Corp	COMMON STOCKS	22160K105	7,507,703	67,900	SH		SOLE	ALL	67,900	0	0
Dentsply Intl Inc	COMMON STOCKS	249030107	1,585,152	38,700	SH		SOLE	ALL	38,700	0	0
Digital Realty Trust Inc	COMMON STOCKS	253868103	73	1	SH		SOLE	ALL	1	0	0
Discover Finl Svcs	COMMON STOCKS	254709108	1,424,436	29,900	SH		SOLE	ALL	29,900	0	0
Dow Chem Co	COMMON STOCKS	260543103	2,856,856	88,805	SH		SOLE	ALL	88,805	0	0
Eastman Chem Co	COMMON STOCKS	277432100	3,458,494	49,400	SH		SOLE	ALL	49,400	0	0
Eaton Corp	COMMON STOCKS	G29183103	4,458,956	67,755	SH		SOLE	ALL	67,755	0	0
Emerson Elec Co	COMMON STOCKS	291011104	5,750,629	105,439	SH		SOLE	ALL	105,439	0	0
Exxon Mobil Corp	COMMON STOCKS	30231G102	2,623,312	29,035	SH		SOLE	ALL	29,035	0	0
Flowserve Corp	COMMON STOCKS	34354P105	2,398,044	44,400	SH		SOLE	ALL	44,400	0	0
General Electric Co	COMMON STOCKS	369604103	9,135,700	393,950	SH		SOLE	ALL	393,950	0	0
General Mls Inc	COMMON STOCKS	370334104	8,896,384	183,317	SH		SOLE	ALL	183,317	0	0
Genesis Energy L.P.	COMMON STOCKS	371927104	6,016,103	116,074	SH		SOLE	ALL	116,074	0	0
Halliburton Co	COMMON STOCKS	406216101	4,860,380	116,500	SH		SOLE	ALL	116,500	0	0
Harris Corp	COMMON STOCKS	413875105	1,945,375	39,500	SH		SOLE	ALL	39,500	0	0
Hasbro Bradley Inc	COMMON STOCKS	418056107	3,127,340	69,760	SH		SOLE	ALL	69,760	0	0
Hercules Technology Growth	COMMON STOCKS	427096508	5,537,288	397,223	SH		SOLE	ALL	397,223	0	0
Illinois Tool Works Inc	COMMON STOCKS	452308109	3,459,883	50,020	SH		SOLE	ALL	50,020	0	0
Ingersoll-Rand	COMMON STOCKS	G47791101	2,887,040	52,000	SH		SOLE	ALL	52,000	0	0
Integrys Energy Group	COMMON STOCKS	45822P105	1,322,778	22,600	SH		SOLE	ALL	22,600	0	0
Intel Corp	COMMON STOCKS	458140100	2,401,193	99,100	SH		SOLE	ALL	99,100	0	0
Johnson & Johnson	COMMON STOCKS	478160104	9,426,076	109,784	SH		SOLE	ALL	109,784	0	0
Kinder Morgan Inc	COMMON STOCKS	49456B101	1,616,606	42,375	SH		SOLE	ALL	42,375	0	0
KLA-Tencor Corp	COMMON STOCKS	482480100	1,387,677	24,900	SH		SOLE	ALL	24,900	0	0
Legg Mason Inc	COMMON STOCKS	524901105	1,632,118	52,632	SH		SOLE	ALL	52,632	0	0
Leggett & Platt Inc	COMMON STOCKS	524660107	1,493,066	48,024	SH		SOLE	ALL	48,024	0	0
Linear Technology Co	COMMON STOCKS	535678106	1,145,724	31,100	SH		SOLE	ALL	31,100	0	0
Lowe's Cos Inc	COMMON STOCKS	548661107	2,081,810	50,900	SH		SOLE	ALL	50,900	0	0
Marriott Intl Inc	COMMON STOCKS	571903202	2,473,106	61,261	SH		SOLE	ALL	61,261	0	0
Mattel Inc	COMMON STOCKS	577081102	6,272,915	138,444	SH		SOLE	ALL	138,444	0	0
Mccormick & Co Inc	COMMON STOCKS	579780206	3,236,560	46,000	SH		SOLE	ALL	46,000	0	0
Mcdonalds Corp	COMMON STOCKS	580135101	8,301,724	83,856	SH		SOLE	ALL	83,856	0	0
McGraw Hill Financial, Inc.	COMMON STOCKS	580645109	1,729,047	32,507	SH		SOLE	ALL	32,507	0	0
Medtronic Inc	COMMON STOCKS	585055106	3,364,079	65,360	SH		SOLE	ALL	65,360	0	0
Microchip Technology	COMMON STOCKS	595017104	1,955,625	52,500	SH		SOLE	ALL	52,500	0	0
Microsoft Corp	COMMON STOCKS	594918104	9,944,927	287,883	SH		SOLE	ALL	287,883	0	0
Molex Inc	COMMON STOCKS	608554101	1,220,544	41,600	SH		SOLE	ALL	41,600	0	0
Motorola Solutions Inc.	COMMON STOCKS	620076307	3,031,633	52,514	SH		SOLE	ALL	52,514	0	0
National Grid PLC-SP ADR	COMMON STOCKS	636274300	36	1	SH		SOLE	ALL	1	0	0
NextEra Energy, Inc.	COMMON STOCKS	65339F101	9,565,550	117,398	SH		SOLE	ALL	117,398	0	0
Nisource Inc	COMMON STOCKS	65473P105	836,288	29,200	SH		SOLE	ALL	29,200	0	0
Northeast Utilities	COMMON STOCKS	664397106	2,792,439	66,455	SH		SOLE	ALL	66,455	0	0
Omega Healthcare Investors	COMMON STOCKS	681936100	6,197,155	199,779	SH		SOLE	ALL	199,779	0	0
Omnicom Group	COMMON STOCKS	681919106	3,501,230	55,690	SH		SOLE	ALL	55,690	0	0
ONEOK Inc	COMMON STOCKS	682680103	6,664,110	161,320	SH		SOLE	ALL	161,320	0	0
Pall Corp	COMMON STOCKS	696429307	1,660,750	25,000	SH		SOLE	ALL	25,000	0	0
Parker Hannifin Corp	COMMON STOCKS	701094104	1,860,300	19,500	SH		SOLE	ALL	19,500	0	0
People's United Financial	COMMON STOCKS	712704105	1,749,662	117,427	SH		SOLE	ALL	117,427	0	0
Pepsico Inc	COMMON STOCKS	713448108	2,910,497	35,585	SH		SOLE	ALL	35,585	0	0
Pfizer Inc	COMMON STOCKS	717081103	3,025,920	108,030	SH		SOLE	ALL	108,030	0	0
Philip Morris Intl Inc	COMMON STOCKS	718172109	8,132,058	93,882	SH		SOLE	ALL	93,882	0	0
Procter & Gamble Co	COMMON STOCKS	742718109	2,725,446	35,400	SH		SOLE	ALL	35,400	0	0
Rockwell Automation	COMMON STOCKS	773903109	1,546,404	18,600	SH		SOLE	ALL	18,600	0	0
Rockwell Collins Inc	COMMON STOCKS	774341101	1,490,135	23,500	SH		SOLE	ALL	23,500	0	0
Royal Dutch Shell PLC-ADR	COMMON STOCKS	780259107	5,713,799	86,220	SH		SOLE	ALL	86,220	0	0
Ryder Sys Inc	COMMON STOCKS	783549108	1,652,150	27,178	SH		SOLE	ALL	27,178	0	0
Scana Corp	COMMON STOCKS	80589M102	1,016,370	20,700	SH		SOLE	ALL	20,700	0	0
Seagate Technology PLC	COMMON STOCKS	G7945M107	2,066,214	46,090	SH		SOLE	ALL	46,090	0	0
SLM Corp	COMMON STOCKS	78442P106	3,964,426	173,422	SH		SOLE	ALL	173,422	0	0
Smucker J M Co	COMMON STOCKS	832696405	3,523,397	34,158	SH		SOLE	ALL	34,158	0	0
Starwood Hotels & Resorts	COMMON STOCKS	85590A401	3,330,113	52,700	SH		SOLE	ALL	52,700	0	0
T.Rowe Price Group Inc	COMMON STOCKS	74144T108	2,210,640	30,200	SH		SOLE	ALL	30,200	0	0
TE Connectivity Ltd	COMMON STOCKS	H84989104	4,021,182	88,300	SH		SOLE	ALL	88,300	0	0
Teco Energy Inc	COMMON STOCKS	872375100	1,334,545	77,635	SH		SOLE	ALL	77,635	0	0
Texas Instrs Inc	COMMON STOCKS	882508104	6,202,080	177,965	SH		SOLE	ALL	177,965	0	0
Textron Inc	COMMON STOCKS	883203101	2,190,805	84,100	SH		SOLE	ALL	84,100	0	0
Total Sys Svcs Inc	COMMON STOCKS	891906109	1,742,976	71,200	SH		SOLE	ALL	71,200	0	0
Tupperware Brands Corp	COMMON STOCKS	899896104	5,511,483	70,942	SH		SOLE	ALL	70,942	0	0
United Parcel Services	COMMON STOCKS	911312106	2,795,033	32,320	SH		SOLE	ALL	32,320	0	0
United Technologies	COMMON STOCKS	913017109	2,963,856	31,890	SH		SOLE	ALL	31,890	0	0
US Bancorp	COMMON STOCKS	902973304	3,643,920	100,800	SH		SOLE	ALL	100,800	0	0
Verizon Communications	COMMON STOCKS	92343V104	2,995,028	59,496	SH		SOLE	ALL	59,496	0	0
Vodafone Group PLC-SP ADR	COMMON STOCKS	92857W209	6,017,162	209,329	SH		SOLE	ALL	209,329	0	0
Walgreen Co	COMMON STOCKS	931422109	3,081,624	69,720	SH		SOLE	ALL	69,720	0	0
Whole Foods Mkt Inc	COMMON STOCKS	966837106	1,903,730	36,980	SH		SOLE	ALL	36,980	0	0
Williams Companies, Inc.	COMMON STOCKS	969457100	6,777,370	208,727	SH		SOLE	ALL	208,727	0	0
Wisconsin Energy Corp	COMMON STOCKS	976657106	1,565,818	38,200	SH		SOLE	ALL	38,200	0	0
WP Carey Inc.	COMMON STOCKS	92936U109	5,500,315	83,124	SH		SOLE	ALL	83,124	0	0
Xilinx Inc	COMMON STOCKS	983919101	2,690,905	67,935	SH		SOLE	ALL	67,935	0	0
Affiliated Managers Group	CONVERTIBLE BOND	008252AL2	2,952,342	2,218	SH		SOLE	ALL	2,218	0	0
AGCO Corp	CONVERTIBLE BOND	001084AM4	904,988	725	SH		SOLE	ALL	725	0	0
Allegheny Technologies Inc.	CONVERTIBLE BOND	01741RAD4	2,140,363	2,061	SH		SOLE	ALL	2,061	0	0
Apollo Investment Corp.	CONVERTIBLE BOND	03761UAE6	2,148,557	1,939	SH		SOLE	ALL	1,939	0	0
Arcelormittal	CONVERTIBLE BOND	03938LAK0	1,137,994	1,098	SH		SOLE	ALL	1,098	0	0
Archer Daniels Midland Co.	CONVERTIBLE BOND	039483AW2	1,638,013	1,614	SH		SOLE	ALL	1,614	0	0
Ares Capital Corp.	CONVERTIBLE BOND	04010LAB9	2,086,828	1,827	SH		SOLE	ALL	1,827	0	0
Chesapeake Energy Co.	CONVERTIBLE BOND	165167BW6	2,055,667	2,048	SH		SOLE	ALL	2,048	0	0
Developers Diversified Realty Co.	CONVERTIBLE BOND	251591AX1	969,672	826	SH		SOLE	ALL	826	0	0
EMC Corp.	CONVERTIBLE BOND	268648AM4	2,639,030	1,784	SH		SOLE	ALL	1,784	0	0
Gilead Sciences Inc.	CONVERTIBLE BOND	375558AP8	4,141,510	1,819	SH		SOLE	ALL	1,819	0	0
Health Care REIT Inc.	CONVERTIBLE BOND	42217KAR7	2,221,848	1,675	SH		SOLE	ALL	1,675	0	0
Hornbeck Offshore	CONVERTIBLE BOND	440543AE6	937,244	807	SH		SOLE	ALL	807	0	0
Intel Corp.	CONVERTIBLE BOND	458140AD2	2,840,822	2,606	SH		SOLE	ALL	2,606	0	0
Intel Corp. 3.25	CONVERTIBLE BOND	458140AF7	1,873,362	1,438	SH		SOLE	ALL	1,438	0	0
Intl Game Technology	CONVERTIBLE BOND	459902AQ5	2,611,171	2,426	SH		SOLE	ALL	2,426	0	0
Janus Capital Group Inc.	CONVERTIBLE BOND	47102XAG0	2,323,038	2,161	SH		SOLE	ALL	2,161	0	0
L-3 Communications Corp.	CONVERTIBLE BOND	502413AW7	1,732,833	1,657	SH		SOLE	ALL	1,657	0	0
Lam Research Corp.	CONVERTIBLE BOND	512807AL2	1,856,536	1,672	SH		SOLE	ALL	1,672	0	0
MOLSON COORS BREWING CO	CONVERTIBLE BOND	60871RAA8	1,671,675	1,625	SH		SOLE	ALL	1,625	0	0
Newmont Mng Corp Hld	CONVERTIBLE BOND	651639AH9	1,718,937	1,680	SH		SOLE	ALL	1,680	0	0
Old Republic Intl Corp.	CONVERTIBLE BOND	680223AH7	2,744,952	2,384	SH		SOLE	ALL	2,384	0	0
Priceline	CONVERTIBLE BOND	741503AQ9	844,571	721	SH		SOLE	ALL	721	0	0
Prologis LP	CONVERTIBLE BOND	74340XAT8	1,787,324	1,529	SH		SOLE	ALL	1,529	0	0
Prospect Capital Corp.	CONVERTIBLE BOND	74348TAD4	1,735,572	1,557	SH		SOLE	ALL	1,557	0	0
Sandisk Corp.	CONVERTIBLE BOND	80004CAD3	1,785,778	1,321	SH		SOLE	ALL	1,321	0	0
Starwood Property Trust	CONVERTIBLE BOND	85571BAA3	1,106,019	1,039	SH		SOLE	ALL	1,039	0	0
Steel Dynamics Inc.	CONVERTIBLE BOND	858119AP5	1,686,053	1,560	SH		SOLE	ALL	1,560	0	0
Trinity Industries Inc.	CONVERTIBLE BOND	896522AF6	861,245	731	SH		SOLE	ALL	731	0	0
Xilinx Inc.	CONVERTIBLE BOND	983919AF8	838,352	582	SH		SOLE	ALL	582	0	0
Alexandria Real Estate E.	CONVERTIBLE PREFERRED STOCK	015271505	1,338,086	52,160	SH		SOLE	ALL	52,160	0	0
APACHE CORP PFD CONV SER D	CONVERTIBLE PREFERRED STOCK	037411808	1,678,013	35,149	SH		SOLE	ALL	35,149	0	0
Bunge Limited	CONVERTIBLE PREFERRED STOCK	G16962204	1,813,532	18,002	SH		SOLE	ALL	18,002	0	0
Cliffs Natural Resources	CONVERTIBLE PREFERRED STOCK	18683K408	1,282,424	72,290	SH		SOLE	ALL	72,290	0	0
Dominion Resources Inc.	CONVERTIBLE PREFERRED STOCK	25746U885	1,628,627	32,540	SH		SOLE	ALL	32,540	0	0
General Motors Co.	CONVERTIBLE PREFERRED STOCK	37045V209	1,250,233	25,960	SH		SOLE	ALL	25,960	0	0
Genesee & Wyoming Inc.	CONVERTIBLE PREFERRED STOCK	371559204	1,322,386	11,030	SH		SOLE	ALL	11,030	0	0
Health Care REIT Inc.	CONVERTIBLE PREFERRED STOCK	42217K601	1,745,349	28,110	SH		SOLE	ALL	28,110	0	0
KeyCorp	CONVERTIBLE PREFERRED STOCK	493267405	112,717	905	SH		SOLE	ALL	905	0	0
Metlife Inc.	CONVERTIBLE PREFERRED STOCK	59156R116	2,443,086	44,590	SH		SOLE	ALL	44,590	0	0
Nextera Energy	CONVERTIBLE PREFERRED STOCK	65339F887	1,956,004	35,035	SH		SOLE	ALL	35,035	0	0
Nextera Energy Inc	CONVERTIBLE PREFERRED STOCK	65339F705	1,823,647	32,360	SH		SOLE	ALL	32,360	0	0
Nextera Energy Inc.	CONVERTIBLE PREFERRED STOCK	65339F507	2,689,151	44,515	SH		SOLE	ALL	44,515	0	0
PPL Corporation	CONVERTIBLE PREFERRED STOCK	69351T114	1,734,446	32,060	SH		SOLE	ALL	32,060	0	0
Stanley Works	CONVERTIBLE PREFERRED STOCK	854502309	1,649,735	12,757	SH		SOLE	ALL	12,757	0	0
United Technologies Corporation	CONVERTIBLE PREFERRED STOCK	913017117	2,729,372	45,980	SH		SOLE	ALL	45,980	0	0
Wells Fargo & Co.	CONVERTIBLE PREFERRED STOCK	949746804	4,159,896	3,484	SH		SOLE	ALL	3,484	0	0
Weyerhaeuser Co.	CONVERTIBLE PREFERRED STOCK	962166872	1,924,485	37,735	SH		SOLE	ALL	37,735	0	0
Alerian MLP ETF	EXCHANGE TRADED FUND	00162Q866	1,058,272	59,287	SH		SOLE	ALL	59,287	0	0
Consumer Staples SPDR	EXCHANGE TRADED FUND	81369Y308	52,443	1,322	SH		SOLE	ALL	1,322	0	0
iShares Barclays 3-7 Year Tr	EXCHANGE TRADED FUND	464288661	107,337	889	SH		SOLE	ALL	889	0	0
iShares DJ Select Dividend	EXCHANGE TRADED FUND	464287168	61,897	967	SH		SOLE	ALL	967	0	0
iShares Gs$ Investop	EXCHANGE TRADED FUND	464287242	3,040,819	26,756	SH		SOLE	ALL	26,756	0	0
iShares Iboxx Hy Cp Bd	EXCHANGE TRADED FUND	464288513	1,052,753	11,584	SH		SOLE	ALL	11,584	0	0
iShares Lehman 1-3 Credit	EXCHANGE TRADED FUND	464288646	3,125,272	29,756	SH		SOLE	ALL	29,756	0	0
iShares Lehman 1-3 Tr	EXCHANGE TRADED FUND	464287457	140,831	1,671	SH		SOLE	ALL	1,671	0	0
iShares Lehman 20+ Tr	EXCHANGE TRADED FUND	464287432	25,953	235	SH		SOLE	ALL	235	0	0
iShares Lehman 7-10 Tr	EXCHANGE TRADED FUND	464287440	47,355	462	SH		SOLE	ALL	462	0	0
iShares Lehman Int Credit	EXCHANGE TRADED FUND	464288638	3,661,442	33,991	SH		SOLE	ALL	33,991	0	0
iShares Lehman Tips	EXCHANGE TRADED FUND	464287176	1,655,955	14,784	SH		SOLE	ALL	14,784	0	0
iShares MSCI Canada Index	EXCHANGE TRADED FUND	464286509	4,588,958	175,486	SH		SOLE	ALL	175,486	0	0
iShares MSCI Hong Kong Index	EXCHANGE TRADED FUND	464286871	4,599,926	251,019	SH		SOLE	ALL	251,019	0	0
iShares MSCI New Zealand Index	EXCHANGE TRADED FUND	464289123	4,704,515	140,224	SH		SOLE	ALL	140,224	0	0
iShares MSCI S. Korea Index	EXCHANGE TRADED FUND	464286772	4,536,842	85,279	SH		SOLE	ALL	85,279	0	0
iShares MSCI Singapore Index	EXCHANGE TRADED FUND	464286673	4,739,974	370,600	SH		SOLE	ALL	370,600	0	0
iShares MSCI Sweden Index	EXCHANGE TRADED FUND	464286756	4,711,053	158,036	SH		SOLE	ALL	158,036	0	0
iShares MSCI Switzerland Index	EXCHANGE TRADED FUND	464286749	5,084,016	177,453	SH		SOLE	ALL	177,453	0	0
Spdr S&P 500	EXCHANGE TRADED FUND	78462F103	48,126	300	SH		SOLE	ALL	300	0	0
Vanguard Intermediate - Term Corporate Bond ETF	EXCHANGE TRADED FUND	92206C870	77,781	937	SH		SOLE	ALL	937	0	0
WisdomTree Japan Hedged Equity Fund	EXCHANGE TRADED FUND	97717W851	5,813,404	127,459	SH		SOLE	ALL	127,459	0	0