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
Vodafone Group Plc-Sp Adr	AMERICAN DEPOSITARY RECEIPT	92857W308	754,868	25,896	SH		OTR	ALL	25,896	0	0
Abbott Laboratories	COMMON STOCKS	002824100	2,076,861	49,110	SH		OTR	ALL	49,110	0	0
Abbvie Inc	COMMON STOCKS	00287Y109	2,407,129	38,166	SH		OTR	ALL	38,166	0	0
Altria Group Inc	COMMON STOCKS	02209S103	3,573,127	56,510	SH		OTR	ALL	56,510	0	0
American Electric Power	COMMON STOCKS	025537101	1,342,566	20,909	SH		OTR	ALL	20,909	0	0
American Express Co	COMMON STOCKS	025816109	1,717,488	26,819	SH		OTR	ALL	26,819	0	0
American Water Works Co.	COMMON STOCKS	030420103	1,026,580	13,717	SH		OTR	ALL	13,717	0	0
Amerisourcebergen Corp Com	COMMON STOCKS	03073E105	1,202,894	14,891	SH		OTR	ALL	14,891	0	0
Amgen Inc	COMMON STOCKS	031162100	3,514,353	21,068	SH		OTR	ALL	21,068	0	0
Apple Computer Inc	COMMON STOCKS	037833100	11,363,220	100,515	SH		OTR	ALL	100,515	0	0
Ares Capital Corp	COMMON STOCKS	04010L103	281,092	18,135	SH		OTR	ALL	18,135	0	0
AT&T Inc	COMMON STOCKS	00206R102	4,582,757	112,848	SH		OTR	ALL	112,848	0	0
Bank of America Corp	COMMON STOCKS	060505104	3,594,632	229,689	SH		OTR	ALL	229,689	0	0
BCE Inc New	COMMON STOCKS	05534B760	965,162	20,900	SH		OTR	ALL	20,900	0	0
Block H & R Inc	COMMON STOCKS	093671105	964,892	41,680	SH		OTR	ALL	41,680	0	0
Boeing Co	COMMON STOCKS	097023105	2,632,560	19,983	SH		OTR	ALL	19,983	0	0
Boston Properties Inc	COMMON STOCKS	101121101	1,280,853	9,398	SH		OTR	ALL	9,398	0	0
Bristol Myers Squibb	COMMON STOCKS	110122108	1,908,821	35,401	SH		OTR	ALL	35,401	0	0
Broadcom Corp New	COMMON STOCKS	y09827109	1,969,833	11,418	SH		OTR	ALL	11,418	0	0
C. H. Robinson Worldwide Inc	COMMON STOCKS	12541W209	1,017,583	14,442	SH		OTR	ALL	14,442	0	0
Cardinal Health Inc	COMMON STOCKS	14149Y108	1,318,025	16,963	SH		OTR	ALL	16,963	0	0
Carnival Corp	COMMON STOCKS	143658300	1,371,207	28,087	SH		OTR	ALL	28,087	0	0
Centurylink Inc	COMMON STOCKS	156700106	1,164,238	42,444	SH		OTR	ALL	42,444	0	0
Chubb Ltd.	COMMON STOCKS	H1467J104	1,721,153	13,698	SH		OTR	ALL	13,698	0	0
Cincinnati Financial Corp	COMMON STOCKS	172062101	1,126,397	14,935	SH		OTR	ALL	14,935	0	0
Cisco Sys Inc	COMMON STOCKS	17275R102	4,431,093	139,694	SH		OTR	ALL	139,694	0	0
Citigroup Inc	COMMON STOCKS	172967424	3,178,862	67,306	SH		OTR	ALL	67,306	0	0
CME Group Inc	COMMON STOCKS	12572Q105	890,405	8,519	SH		OTR	ALL	8,519	0	0
Coca-Cola Company	COMMON STOCKS	191216100	4,316,809	102,004	SH		OTR	ALL	102,004	0	0
Consolidated Edison	COMMON STOCKS	209115104	1,191,471	15,823	SH		OTR	ALL	15,823	0	0
Cummins Inc	COMMON STOCKS	231021106	1,319,304	10,295	SH		OTR	ALL	10,295	0	0
CVS Corp	COMMON STOCKS	126650100	2,461,107	27,656	SH		OTR	ALL	27,656	0	0
D.R. Horton Inc	COMMON STOCKS	23331A109	1,030,635	34,127	SH		OTR	ALL	34,127	0	0
Darden Restaurants	COMMON STOCKS	237194105	919,002	14,987	SH		OTR	ALL	14,987	0	0
Delta Air Lines, Inc.	COMMON STOCKS	247361702	1,488,831	37,826	SH		OTR	ALL	37,826	0	0
Dow Chem Co	COMMON STOCKS	260543103	1,762,168	33,999	SH		OTR	ALL	33,999	0	0
Duke Energy Corp	COMMON STOCKS	26441C204	1,699,009	21,227	SH		OTR	ALL	21,227	0	0
Eli Lilly & Co	COMMON STOCKS	532457108	2,152,492	26,819	SH		OTR	ALL	26,819	0	0
Equity Residential P	COMMON STOCKS	29476L107	1,276,564	19,844	SH		OTR	ALL	19,844	0	0
Eversource Energy	COMMON STOCKS	30040W108	1,119,738	20,667	SH		OTR	ALL	20,667	0	0
Exelon Corp	COMMON STOCKS	30161N101	1,352,106	40,616	SH		OTR	ALL	40,616	0	0
Exxon Mobil Corp	COMMON STOCKS	30231G102	6,002,071	68,768	SH		OTR	ALL	68,768	0	0
Firstenergy Corp	COMMON STOCKS	337932107	1,093,724	33,063	SH		OTR	ALL	33,063	0	0
Ford Motor Co	COMMON STOCKS	345370860	1,559,275	129,186	SH		OTR	ALL	129,186	0	0
General Dynamics Corp	COMMON STOCKS	369550108	1,572,081	10,132	SH		OTR	ALL	10,132	0	0
General Mills Inc	COMMON STOCKS	370334104	1,448,606	22,677	SH		OTR	ALL	22,677	0	0
HASBRO INC	COMMON STOCKS	418056107	947,517	11,944	SH		OTR	ALL	11,944	0	0
Hcp Inc	COMMON STOCKS	40414L109	1,217,170	32,073	SH		OTR	ALL	32,073	0	0
Health Care Reit Inc	COMMON STOCKS	95040Q104	1,291,576	17,274	SH		OTR	ALL	17,274	0	0
Hershey Foods Corp	COMMON STOCKS	427866108	1,160,870	12,143	SH		OTR	ALL	12,143	0	0
Home Depot Inc	COMMON STOCKS	437076102	3,548,994	27,580	SH		OTR	ALL	27,580	0	0
Honeywell Intl Inc	COMMON STOCKS	438516106	2,170,439	18,616	SH		OTR	ALL	18,616	0	0
INTEL CORP	COMMON STOCKS	458140100	3,868,544	102,478	SH		OTR	ALL	102,478	0	0
International Paper Co	COMMON STOCKS	460146103	1,320,793	27,528	SH		OTR	ALL	27,528	0	0
Intl Business Machines	COMMON STOCKS	459200101	3,104,087	19,541	SH		OTR	ALL	19,541	0	0
Iron Mountain Inc.	COMMON STOCKS	46284V101	956,639	25,490	SH		OTR	ALL	25,490	0	0
J P Morgan Chase & Co	COMMON STOCKS	46625H100	5,460,446	82,001	SH		OTR	ALL	82,001	0	0
Johnson & Johnson	COMMON STOCKS	478160104	6,580,549	55,706	SH		OTR	ALL	55,706	0	0
Kimberly Clark Corp	COMMON STOCKS	494368103	1,561,865	12,382	SH		OTR	ALL	12,382	0	0
Kimco Realty Corp	COMMON STOCKS	49446R109	1,044,255	36,071	SH		OTR	ALL	36,071	0	0
Kohl's Corp	COMMON STOCKS	500255104	1,256,587	28,722	SH		OTR	ALL	28,722	0	0
L-3 Communications	COMMON STOCKS	502424104	1,043,805	6,925	SH		OTR	ALL	6,925	0	0
L Brands Inc	COMMON STOCKS	501797104	1,263,456	17,853	SH		OTR	ALL	17,853	0	0
Leggett & Platt Inc	COMMON STOCKS	524660107	897,743	19,696	SH		OTR	ALL	19,696	0	0
Lockheed Martin Corp	COMMON STOCKS	539830109	1,751,394	7,306	SH		OTR	ALL	7,306	0	0
Lowe's Cos Inc	COMMON STOCKS	548661107	1,819,692	25,200	SH		OTR	ALL	25,200	0	0
LyondellBasell Industries NV	COMMON STOCKS	N53745100	2,148,137	26,632	SH		OTR	ALL	26,632	0	0
Macquarie Infrastructure Corp	COMMON STOCKS	55608B105	1,008,535	12,116	SH		OTR	ALL	12,116	0	0
Marsh & Mclennan Cos	COMMON STOCKS	571748102	1,422,135	21,147	SH		OTR	ALL	21,147	0	0
Martin Marietta Materials	COMMON STOCKS	573284106	1,013,941	5,661	SH		OTR	ALL	5,661	0	0
McDonalds Corp	COMMON STOCKS	580135101	2,499,389	21,666	SH		OTR	ALL	21,666	0	0
Mckesson Corp	COMMON STOCKS	58155Q103	1,336,167	8,013	SH		OTR	ALL	8,013	0	0
Merck & Co Inc	COMMON STOCKS	58933Y105	3,471,244	55,620	SH		OTR	ALL	55,620	0	0
Microsoft Corp	COMMON STOCKS	594918104	9,527,731	165,412	SH		OTR	ALL	165,412	0	0
Morgan Stanley	COMMON STOCKS	617446448	1,915,585	59,750	SH		OTR	ALL	59,750	0	0
Motorola Solutions Inc.	COMMON STOCKS	620076307	1,219,717	15,990	SH		OTR	ALL	15,990	0	0
Newmont Mng Corp Hld	COMMON STOCKS	651639106	1,162,591	29,590	SH		OTR	ALL	29,590	0	0
NextEra Energy Inc	COMMON STOCKS	65339F101	2,253,990	18,427	SH		OTR	ALL	18,427	0	0
Nike Inc	COMMON STOCKS	654106103	2,441,959	46,381	SH		OTR	ALL	46,381	0	0
Nordstrom Inc	COMMON STOCKS	655664100	1,380,786	26,615	SH		OTR	ALL	26,615	0	0
Northrop Corp	COMMON STOCKS	666807102	1,412,497	6,602	SH		OTR	ALL	6,602	0	0
Paccar Inc	COMMON STOCKS	693718108	1,278,465	21,750	SH		OTR	ALL	21,750	0	0
Paychex Inc	COMMON STOCKS	704326107	969,669	16,756	SH		OTR	ALL	16,756	0	0
Pfizer Inc	COMMON STOCKS	717081103	4,496,581	132,760	SH		OTR	ALL	132,760	0	0
PG&E Corporation	COMMON STOCKS	69331C108	1,306,407	21,357	SH		OTR	ALL	21,357	0	0
Pinnacle West Cap Co	COMMON STOCKS	723484101	998,584	13,141	SH		OTR	ALL	13,141	0	0
PPL Corp	COMMON STOCKS	69351T106	1,134,967	32,831	SH		OTR	ALL	32,831	0	0
Principal Financial	COMMON STOCKS	74251V102	1,323,343	25,691	SH		OTR	ALL	25,691	0	0
Proctor & Gamble Co	COMMON STOCKS	742718109	5,594,925	62,339	SH		OTR	ALL	62,339	0	0
Prudential Finl Inc	COMMON STOCKS	744320102	1,591,113	19,487	SH		OTR	ALL	19,487	0	0
Public Storage Inc	COMMON STOCKS	74460D109	1,381,682	6,192	SH		OTR	ALL	6,192	0	0
Pulte Homes Inc	COMMON STOCKS	745867101	1,036,949	51,744	SH		OTR	ALL	51,744	0	0
Raytheon Co	COMMON STOCKS	755111507	1,452,370	10,669	SH		OTR	ALL	10,669	0	0
Republic Services Inc	COMMON STOCKS	760759100	1,079,226	21,392	SH		OTR	ALL	21,392	0	0
Rockwell Collins Inc	COMMON STOCKS	774341101	1,049,105	12,439	SH		OTR	ALL	12,439	0	0
Ross Stores Inc.	COMMON STOCKS	778296103	1,461,667	22,732	SH		OTR	ALL	22,732	0	0
Royal Caribbean Cruises Ltd	COMMON STOCKS	V7780T103	1,122,451	14,976	SH		OTR	ALL	14,976	0	0
Sherwin Williams Co	COMMON STOCKS	824348106	1,176,081	4,251	SH		OTR	ALL	4,251	0	0
Simon Ppty Group Inc	COMMON STOCKS	828806109	1,902,835	9,192	SH		OTR	ALL	9,192	0	0
Six Flags Entertainment	COMMON STOCKS	83001A102	846,984	15,799	SH		OTR	ALL	15,799	0	0
Southern Co	COMMON STOCKS	842587107	1,619,233	31,564	SH		OTR	ALL	31,564	0	0
Southwest Airlines co	COMMON STOCKS	844741108	1,301,648	33,470	SH		OTR	ALL	33,470	0	0
Spectra Energy Corp	COMMON STOCKS	847560109	346,018	8,094	SH		OTR	ALL	8,094	0	0
Spectra Energy Partners LP	COMMON STOCKS	84756N109	526,333	12,047	SH		OTR	ALL	12,047	0	0
Staples Inc	COMMON STOCKS	855030102	971,109	113,580	SH		OTR	ALL	113,580	0	0
Target Corp	COMMON STOCKS	87612E106	2,443,909	35,584	SH		OTR	ALL	35,584	0	0
Tesoro Corporation	COMMON STOCKS	881609101	1,142,799	14,364	SH		OTR	ALL	14,364	0	0
Tjx Cos Inc New	COMMON STOCKS	872540109	1,606,498	21,483	SH		OTR	ALL	21,483	0	0
Travelers Companies	COMMON STOCKS	89417E109	1,448,484	12,645	SH		OTR	ALL	12,645	0	0
United Parcel Services	COMMON STOCKS	911312106	3,366,647	30,785	SH		OTR	ALL	30,785	0	0
United Technologies	COMMON STOCKS	913017109	2,089,607	20,567	SH		OTR	ALL	20,567	0	0
Unitedhealth Group Inc	COMMON STOCKS	91324P102	2,799,440	19,996	SH		OTR	ALL	19,996	0	0
Unum Group	COMMON STOCKS	91529Y106	1,053,120	29,825	SH		OTR	ALL	29,825	0	0
US Bancorp	COMMON STOCKS	902973304	2,015,572	46,994	SH		OTR	ALL	46,994	0	0
V F Corp	COMMON STOCKS	918204108	1,111,079	19,823	SH		OTR	ALL	19,823	0	0
Ventas Inc	COMMON STOCKS	92276F100	1,231,716	17,439	SH		OTR	ALL	17,439	0	0
Verizon Communications	COMMON STOCKS	92343V104	4,192,498	80,656	SH		OTR	ALL	80,656	0	0
Vornado Rlty Tr	COMMON STOCKS	929042109	1,192,759	11,785	SH		OTR	ALL	11,785	0	0
Vulcan Materials Co	COMMON STOCKS	929160109	1,102,953	9,698	SH		OTR	ALL	9,698	0	0
Wal-Mart Stores Inc	COMMON STOCKS	931142103	2,474,292	34,308	SH		OTR	ALL	34,308	0	0
Walgreens Boots Alliance	COMMON STOCKS	931427108	2,003,245	24,848	SH		OTR	ALL	24,848	0	0
Walt Disney Co	COMMON STOCKS	254687106	3,010,614	32,421	SH		OTR	ALL	32,421	0	0
Waste Mgmt Inc Del	COMMON STOCKS	94106L109	1,304,720	20,463	SH		OTR	ALL	20,463	0	0
WELLS FARGO & CO NEW COM	COMMON STOCKS	949746101	4,058,616	91,658	SH		OTR	ALL	91,658	0	0
Williams Cos Inc Del	COMMON STOCKS	969457100	1,531,706	49,844	SH		OTR	ALL	49,844	0	0
Willis Tower Watson PLC	COMMON STOCKS	G96629103	1,201,170	9,047	SH		OTR	ALL	9,047	0	0
Wisconsin Energy Corp	COMMON STOCKS	92939U106	906,283	15,135	SH		OTR	ALL	15,135	0	0
Xcel Energy Inc	COMMON STOCKS	98389B100	1,167,635	28,382	SH		OTR	ALL	28,382	0	0
Ares Capital Corp	CONVERTIBLE BOND	04010LAG8	2,631,451	2,582	SH		OTR	ALL	2,582	0	0
Brocade Communications	CONVERTIBLE BOND	111621AQ1	1,747,389	1,752	SH		OTR	ALL	1,752	0	0
Citrix Systems Inc	CONVERTIBLE BOND	177376AD2	1,639,906	1,441	SH		OTR	ALL	1,441	0	0
Illumina Inc	CONVERTIBLE BOND	452327AF6	2,595,748	2,495	SH		OTR	ALL	2,495	0	0
Janus Capitol Group Inc.	CONVERTIBLE BOND	47102XAH8	1,014,921	741	SH		OTR	ALL	741	0	0
Lam Research Corp 1.25	CONVERTIBLE BOND	512807AL2	4,530,607	2,825	SH		OTR	ALL	2,825	0	0
Macquarie Infrastructure	CONVERTIBLE BOND	55608BAA3	3,097,278	2,599	SH		OTR	ALL	2,599	0	0
Micron Technology	CONVERTIBLE BOND	595112AY9	1,047,808	1,140	SH		OTR	ALL	1,140	0	0
Newmont Mining Corp	CONVERTIBLE BOND	651639AJ5	1,212,319	1,103	SH		OTR	ALL	1,103	0	0
NVIDIA Corp	CONVERTIBLE BOND	67066GAC8	2,712,042	794	SH		OTR	ALL	794	0	0
NXP Semiconductor NV	CONVERTIBLE BOND	62952QAB6	3,187,907	2,661	SH		OTR	ALL	2,661	0	0
Old Republic Intl Corp	CONVERTIBLE BOND	680223AH7	2,103,042	1,740	SH		OTR	ALL	1,740	0	0
Priceline Com Inc	CONVERTIBLE BOND	741503AQ9	3,187,160	2,011	SH		OTR	ALL	2,011	0	0
Red Hat Inc.	CONVERTIBLE BOND	756577AD4	2,251,889	1,775	SH		OTR	ALL	1,775	0	0
RPM International Inc.	CONVERTIBLE BOND	749685AT0	1,887,419	1,562	SH		OTR	ALL	1,562	0	0
Spirit Realty Capital	CONVERTIBLE BOND	84860WAA0	2,275,927	2,015	SH		OTR	ALL	2,015	0	0
TPG Specialty Lending	CONVERTIBLE BOND	87265KAB8	2,356,985	2,244	SH		OTR	ALL	2,244	0	0
VEREIT	CONVERTIBLE BOND	02917TAA2	916,837	908	SH		OTR	ALL	908	0	0
Weatherford Bermuda	CONVERTIBLE BOND	947075AH0	1,229,493	1,014	SH		OTR	ALL	1,014	0	0
Xilinx Inc	CONVERTIBLE BOND	983919AF8	3,331,663	1,756	SH		OTR	ALL	1,756	0	0
Alcoa Inc.	CONVERTIBLE PREFERRED STOCK	013817309	1,070,161	32,165	SH		OTR	ALL	32,165	0	0
Alexandria Real Estate	CONVERTIBLE PREFERRED STOCK	015271505	2,459,433	69,908	SH		OTR	ALL	69,908	0	0
Allergan PLC	CONVERTIBLE PREFERRED STOCK	G0177J116	3,755,340	4,576	SH		OTR	ALL	4,576	0	0
American Tower Corp - Cl B	CONVERTIBLE PREFERRED STOCK	03027X407	2,258,911	20,625	SH		OTR	ALL	20,625	0	0
AMG Capital Trust II	CONVERTIBLE PREFERRED STOCK	00170F209	1,147,549	21,130	SH		OTR	ALL	21,130	0	0
Anadarko Pertroleum Corp	CONVERTIBLE PREFERRED STOCK	032511404	2,439,866	58,317	SH		OTR	ALL	58,317	0	0
Anthem Inc	CONVERTIBLE PREFERRED STOCK	036752202	3,823,104	87,708	SH		OTR	ALL	87,708	0	0
Bunge Ltd. Perpetual Conv Pfd	CONVERTIBLE PREFERRED STOCK	G16962204	1,408,872	14,854	SH		OTR	ALL	14,854	0	0
Dominion Resources	CONVERTIBLE PREFERRED STOCK	25746U836	1,695,069	33,641	SH		OTR	ALL	33,641	0	0
Dominion Resources Inc	CONVERTIBLE PREFERRED STOCK	25746U869	4,020,111	80,050	SH		OTR	ALL	80,050	0	0
Entertainment Properties	CONVERTIBLE PREFERRED STOCK	26884U307	332,255	8,928	SH		OTR	ALL	8,928	0	0
Frontier Communications Conv Prf	CONVERTIBLE PREFERRED STOCK	35906A207	1,748,463	20,858	SH		OTR	ALL	20,858	0	0
Hess Corp - Conv Pr	CONVERTIBLE PREFERRED STOCK	42809H404	1,266,359	19,180	SH		OTR	ALL	19,180	0	0
Kinder Morgan Inc/Delaware	CONVERTIBLE PREFERRED STOCK	49456B200	231,904	4,561	SH		OTR	ALL	4,561	0	0
Spire Inc	CONVERTIBLE PREFERRED STOCK	505597500	2,071,262	36,154	SH		OTR	ALL	36,154	0	0
Stanley Black & Decker Inc.	CONVERTIBLE PREFERRED STOCK	854502804	1,392,284	11,017	SH		OTR	ALL	11,017	0	0
Stericycle Inc	CONVERTIBLE PREFERRED STOCK	858912207	1,983,614	30,099	SH		OTR	ALL	30,099	0	0
Teva Pharmaceutical Cv Pfd	CONVERTIBLE PREFERRED STOCK	M8769Q136	3,873,653	4,778	SH		OTR	ALL	4,778	0	0
Tyson Foods Inc	CONVERTIBLE PREFERRED STOCK	902494301	2,463,690	30,045	SH		OTR	ALL	30,045	0	0
Wells Fargo & Company PFD	CONVERTIBLE PREFERRED STOCK	949746804	3,336,162	2,547	SH		OTR	ALL	2,547	0	0
Welltower Inc Pfd	CONVERTIBLE PREFERRED STOCK	95040Q203	1,863,473	27,903	SH		OTR	ALL	27,903	0	0
Alerian MLP ETF	EXCHANGE TRADED FUND	00162Q866	572,420	45,108	SH		OTR	ALL	45,108	0	0
Consumer Staples Spdr	EXCHANGE TRADED FUND	81369Y308	49,378	928	SH		OTR	ALL	928	0	0
Guggenheim Enhanced Short Duration Bond ETF	EXCHANGE TRADED FUND	18383M654	333,127	6,636	SH		OTR	ALL	6,636	0	0
iShares 1-3 Year Credit Bond	EXCHANGE TRADED FUND	464288646	365,612	3,457	SH		OTR	ALL	3,457	0	0
iShares Barclays 3-7 Year Tr	EXCHANGE TRADED FUND	464288661	219,167	1,732	SH		OTR	ALL	1,732	0	0
iShares Floating Rate Bond ETF	EXCHANGE TRADED FUND	46429B655	482,175	9,501	SH		OTR	ALL	9,501	0	0
iShares iBoxx High Yield Corp Bond ETF	EXCHANGE TRADED FUND	464288513	375,654	4,305	SH		OTR	ALL	4,305	0	0
iShares iBoxx Investment Grade	EXCHANGE TRADED FUND	464287242	670,468	5,443	SH		OTR	ALL	5,443	0	0
ISHARES INC MSCI SINGAPORE INDEX FD	EXCHANGE TRADED FUND	464286673	476,754	43,900	SH		OTR	ALL	43,900	0	0
iShares Intermediate Credit	EXCHANGE TRADED FUND	464288638	634,583	5,699	SH		OTR	ALL	5,699	0	0
iShares Lehman 1-3 Tr	EXCHANGE TRADED FUND	464287457	315,243	3,707	SH		OTR	ALL	3,707	0	0
iShares Lehman 20+ Tr	EXCHANGE TRADED FUND	464287432	37,127	270	SH		OTR	ALL	270	0	0
iShares Lehman 7-10 Tr	EXCHANGE TRADED FUND	464287440	58,848	526	SH		OTR	ALL	526	0	0
iShares MBS ETF	EXCHANGE TRADED FUND	464288588	499,588	4,538	SH		OTR	ALL	4,538	0	0
iShares MSCI Germany Index	EXCHANGE TRADED FUND	464286806	489,199	18,622	SH		OTR	ALL	18,622	0	0
iShares MSCI Hong Kong Index Fund	EXCHANGE TRADED FUND	464286871	535,104	24,311	SH		OTR	ALL	24,311	0	0
iShares MSCI India ETF	EXCHANGE TRADED FUND	46429B598	519,439	17,662	SH		OTR	ALL	17,662	0	0
iShares MSCI Ireland Capped ETF	EXCHANGE TRADED FUND	46429B507	446,959	11,759	SH		OTR	ALL	11,759	0	0
iShares MSCI Spain Index	EXCHANGE TRADED FUND	464286764	471,307	17,573	SH		OTR	ALL	17,573	0	0
iShares MSCI Taiwan Index	EXCHANGE TRADED FUND	464286731	543,738	34,633	SH		OTR	ALL	34,633	0	0
iShares TIPS Bond ETF	EXCHANGE TRADED FUND	464287176	58,128	499	SH		OTR	ALL	499	0	0
Sector Healthcare Select Spider ETF	EXCHANGE TRADED FUND	81369Y209	75,859	1,052	SH		OTR	ALL	1,052	0	0
Spdr S&P 500	EXCHANGE TRADED FUND	78462F103	562,163	2,599	SH		OTR	ALL	2,599	0	0
Vanguard Intermediate - Term Corporate Bond ETF	EXCHANGE TRADED FUND	92206C870	186,415	2,081	SH		OTR	ALL	2,081	0	0
Citigroup Inc.	PREFERRED STOCK	172967358	288,760	9,971	SH		OTR	ALL	9,971	0	0
Digital Realty Trust Inc	PREFERRED STOCK	253868871	247,272	8,995	SH		OTR	ALL	8,995	0	0
JPMorgan Chase & Co	PREFERRED STOCK	48127A161	302,674	10,699	SH		OTR	ALL	10,699	0	0
Morgan Stanley Repstng 1/1000 Non Cuml PFD F Pe	PREFERRED STOCK	61763E207	312,458	10,617	SH		OTR	ALL	10,617	0	0
Nustar Logistics Lp	PREFERRED STOCK	67059T204	292,496	11,448	SH		OTR	ALL	11,448	0	0
Seaspan Corp	PREFERRED STOCK	Y75638133	291,033	11,646	SH		OTR	ALL	11,646	0	0
Wells Fargo & Co	PREFERRED STOCK	949746556	288,605	10,789	SH		OTR	ALL	10,789	0	0
CyrusOne Inc.	REITS - usd	23283R100	500,150	10,514	SH		OTR	ALL	10,514	0	0
Extra Space Storage Inc.	REITS - usd	30225T102	502,506	6,328	SH		OTR	ALL	6,328	0	0
General Growth Properties, Inc.	REITS - usd	370023103	1,123,899	40,721	SH		OTR	ALL	40,721	0	0
Omega Healthcare Investors Inc	REITS - usd	681936100	839,491	23,681	SH		OTR	ALL	23,681	0	0
Realty Income Corporation	REITS - usd	756109104	1,162,172	17,364	SH		OTR	ALL	17,364	0	0
W P Carey Inc	REITS - usd	92936U109	890,707	13,803	SH		OTR	ALL	13,803	0	0
Safeway Casa Ley CVR	WARRANTS	786cvr209	84,724	83,481	SH		OTR	ALL	83,481	0	0
Safeway PDC, LLC CVR	WARRANTS	786cvr308	4,073	83,481	SH		OTR	ALL	83,481	0	0