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
Estimated average burden
hours per response:		23.8

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
3M COMPANY	COMMON STOCKS	88579Y101	3,309,621	15,707	SH		OTR	15,707.00	0	0	0
Advance Auto Parts Inc	COMMON STOCKS	00751Y106	3,432,922	20,394	SH		OTR	20,394.00	0	0	0
Aetna Inc	COMMON STOCKS	00817Y108	3,142,755	15,493	SH		OTR	15,493.00	0	0	0
Aflac Inc	COMMON STOCKS	001055102	2,682,613	56,992	SH		OTR	56,992.00	0	0	0
Agilent Technologies	COMMON STOCKS	00846U101	2,383,123	33,784	SH		OTR	33,784.00	0	0	0
Altria Group Inc	COMMON STOCKS	02209s103	671,793	11,139	SH		OTR	11,139.00	0	0	0
American Express Co	COMMON STOCKS	025816109	3,337,183	31,338	SH		OTR	31,338.00	0	0	0
Ameriprise Financial, Inc.	COMMON STOCKS	03076C106	2,083,334	14,109	SH		OTR	14,109.00	0	0	0
Amerisourcebergen Corp Com	COMMON STOCKS	03073E105	2,271,286	24,629	SH		OTR	24,629.00	0	0	0
Ametek Inc.	COMMON STOCKS	031100100	2,519,180	31,840	SH		OTR	31,840.00	0	0	0
Amgen Inc	COMMON STOCKS	031162100	4,944,902	23,855	SH		OTR	23,855.00	0	0	0
Anadarko Pete Corp	COMMON STOCKS	032511107	3,041,067	45,113	SH		OTR	45,113.00	0	0	0
Analog Devices Inc	COMMON STOCKS	032654105	2,570,295	27,799	SH		OTR	27,799.00	0	0	0
Applied Materials Inc	COMMON STOCKS	038222105	1,983,904	51,330	SH		OTR	51,330.00	0	0	0
Ares Capital Corp	COMMON STOCKS	04010l103	658,359	38,299	SH		OTR	38,299.00	0	0	0
AT&T Inc	COMMON STOCKS	00206r102	2,113,189	62,930	SH		OTR	62,930.00	0	0	0
Automatic Data Processing Inc.	COMMON STOCKS	053015103	3,499,831	23,230	SH		OTR	23,230.00	0	0	0
Baker Hughes GE Co.	COMMON STOCKS	05722G100	2,518,136	74,435	SH		OTR	74,435.00	0	0	0
Bank of N.T. Butterfield & Son Limited	COMMON STOCKS	G0772R208	769,965	14,847	SH		OTR	14,847.00	0	0	0
Bank of New York Mellon Corp	COMMON STOCKS	064058100	2,573,822	50,477	SH		OTR	50,477.00	0	0	0
BB&T Corp	COMMON STOCKS	054937107	2,451,027	50,495	SH		OTR	50,495.00	0	0	0
BCE Inc	COMMON STOCKS	05534b760	592,564	14,624	SH		OTR	14,624.00	0	0	0
Block H & R Inc	COMMON STOCKS	093671105	2,166,708	84,144	SH		OTR	84,144.00	0	0	0
Boeing Co	COMMON STOCKS	097023105	379,338	1,020	SH		OTR	1,020.00	0	0	0
Broadcom Corp New	COMMON STOCKS	11135f101	671,105	2,720	SH		OTR	2,720.00	0	0	0
CA Inc	COMMON STOCKS	12673P105	3,036,460	68,776	SH		OTR	68,776.00	0	0	0
Campbell Soup Co	COMMON STOCKS	134429109	1,798,093	49,088	SH		OTR	49,088.00	0	0	0
Cardinal Health Inc	COMMON STOCKS	14149Y108	1,930,608	35,752	SH		OTR	35,752.00	0	0	0
Caterpillar Inc	COMMON STOCKS	149123101	3,009,237	19,734	SH		OTR	19,734.00	0	0	0
Centerpoint Energy, Inc.	COMMON STOCKS	15189T107	2,289,917	82,818	SH		OTR	82,818.00	0	0	0
Church & Dwight Co Inc	COMMON STOCKS	171340102	2,715,465	45,738	SH		OTR	45,738.00	0	0	0
Cisco Sys Inc	COMMON STOCKS	17275r102	945,512	19,435	SH		OTR	19,435.00	0	0	0
Citigroup Inc	COMMON STOCKS	172967424	4,211,424	58,704	SH		OTR	58,704.00	0	0	0
Citizens Financial Group	COMMON STOCKS	174610105	2,103,839	54,546	SH		OTR	54,546.00	0	0	0
CMS Energy Corp	COMMON STOCKS	125896100	2,473,667	50,483	SH		OTR	50,483.00	0	0	0
Comerica Inc	COMMON STOCKS	200340107	2,334,646	25,883	SH		OTR	25,883.00	0	0	0
Consolidated Edison	COMMON STOCKS	209115104	2,276,481	29,879	SH		OTR	29,879.00	0	0	0
Constellation Brands	COMMON STOCKS	21036P108	2,573,209	11,934	SH		OTR	11,934.00	0	0	0
CSX Corp	COMMON STOCKS	126408103	3,450,952	46,603	SH		OTR	46,603.00	0	0	0
D.R. Horton Inc	COMMON STOCKS	23331A109	1,906,240	45,193	SH		OTR	45,193.00	0	0	0
Deere & Co	COMMON STOCKS	244199105	2,512,164	16,711	SH		OTR	16,711.00	0	0	0
Dentsply Intl Inc	COMMON STOCKS	24906P109	1,345,431	35,650	SH		OTR	35,650.00	0	0	0
Dominion Res Inc Va	COMMON STOCKS	25746U109	341,771	4,863	SH		OTR	4,863.00	0	0	0
Eastman Chem Co	COMMON STOCKS	277432100	2,284,836	23,870	SH		OTR	23,870.00	0	0	0
EQT Midstream Partners LP	COMMON STOCKS	26885b100	267,489	5,068	SH		OTR	5,068.00	0	0	0
Fastenal Co.	COMMON STOCKS	311900104	2,457,379	42,354	SH		OTR	42,354.00	0	0	0
Foot Locker Inc	COMMON STOCKS	344849104	2,465,647	48,365	SH		OTR	48,365.00	0	0	0
Garmin Ltd	COMMON STOCKS	H2906T109	2,680,813	38,270	SH		OTR	38,270.00	0	0	0
Goldman Sachs Group	COMMON STOCKS	38141G104	2,900,095	12,933	SH		OTR	12,933.00	0	0	0
Grainger W W Inc	COMMON STOCKS	384802104	3,488,679	9,761	SH		OTR	9,761.00	0	0	0
Halliburton Co	COMMON STOCKS	406216101	2,081,337	51,353	SH		OTR	51,353.00	0	0	0
HUMANA INC	COMMON STOCKS	444859102	3,325,620	9,824	SH		OTR	9,824.00	0	0	0
International Flavors & Fragrances	COMMON STOCKS	459506101	2,075,948	14,922	SH		OTR	14,922.00	0	0	0
Intuit	COMMON STOCKS	461202103	3,636,126	15,990	SH		OTR	15,990.00	0	0	0
J P Morgan Chase & Co	COMMON STOCKS	46625h100	7,477,455	66,266	SH		OTR	66,266.00	0	0	0
JB Hunt	COMMON STOCKS	445658107	2,284,123	19,204	SH		OTR	19,204.00	0	0	0
Johnson & Johnson	COMMON STOCKS	478160104	723,181	5,234	SH		OTR	5,234.00	0	0	0
Johnson Controls Inc	COMMON STOCKS	G51502105	2,321,585	66,331	SH		OTR	66,331.00	0	0	0
Kansas City Southern	COMMON STOCKS	485170302	2,348,747	20,734	SH		OTR	20,734.00	0	0	0
Keycorp	COMMON STOCKS	493267108	2,314,360	116,358	SH		OTR	116,358.00	0	0	0
KINDER MORGAN INC DE	COMMON STOCKS	49456B101	312,065	17,601	SH		OTR	17,601.00	0	0	0
Kla-Tencor Corp	COMMON STOCKS	482480100	2,194,494	21,576	SH		OTR	21,576.00	0	0	0
Kohl's Corp	COMMON STOCKS	500255104	3,685,602	49,438	SH		OTR	49,438.00	0	0	0
Ladder Capitol Corp	COMMON STOCKS	505743104	705,296	41,635	SH		OTR	41,635.00	0	0	0
Lennar Corp - Cl A	COMMON STOCKS	526057104	1,638,025	35,083	SH		OTR	35,083.00	0	0	0
Leucadia National Corp	COMMON STOCKS	47233w109	1,811,041	82,470	SH		OTR	82,470.00	0	0	0
LyondellBasell Industries NV	COMMON STOCKS	n53745100	674,105	6,576	SH		OTR	6,576.00	0	0	0
M & T Bk Corp	COMMON STOCKS	55261F104	2,315,900	14,075	SH		OTR	14,075.00	0	0	0
Marathon Oil Corp	COMMON STOCKS	565849106	3,013,060	129,427	SH		OTR	129,427.00	0	0	0
Marathon Petroleum Corporation	COMMON STOCKS	56585A102	2,949,213	36,879	SH		OTR	36,879.00	0	0	0
Marriott Intl Inc	COMMON STOCKS	571903202	2,614,854	19,805	SH		OTR	19,805.00	0	0	0
Mattel Inc	COMMON STOCKS	577081102	2,205,065	140,450	SH		OTR	140,450.00	0	0	0
Merck & Co Inc	COMMON STOCKS	58933Y105	4,900,889	69,085	SH		OTR	69,085.00	0	0	0
Microsoft Corp	COMMON STOCKS	594918104	12,851,299	112,366	SH		OTR	112,366.00	0	0	0
Mosaic Company	COMMON STOCKS	61945C103	2,817,282	86,739	SH		OTR	86,739.00	0	0	0
NextEra Energy Inc	COMMON STOCKS	65339f101	409,614	2,444	SH		OTR	2,444.00	0	0	0
Nordstrom Inc	COMMON STOCKS	655664100	2,810,651	46,993	SH		OTR	46,993.00	0	0	0
NRG Energy Inc.	COMMON STOCKS	629377508	2,949,214	78,856	SH		OTR	78,856.00	0	0	0
nVent	COMMON STOCKS	G6700G107	861,026	31,702	SH		OTR	31,702.00	0	0	0
Oneok Inc New	COMMON STOCKS	682680103	669,019	9,869	SH		OTR	9,869.00	0	0	0
Packaging Corp of America	COMMON STOCKS	695156109	1,971,677	17,975	SH		OTR	17,975.00	0	0	0
Paychex Inc	COMMON STOCKS	704326107	3,459,782	46,976	SH		OTR	46,976.00	0	0	0
Pentair PLC	COMMON STOCKS	G7S00T104	1,374,281	31,702	SH		OTR	31,702.00	0	0	0
People's United Financial	COMMON STOCKS	712704105	2,007,525	117,262	SH		OTR	117,262.00	0	0	0
PEPSICO INC	COMMON STOCKS	713448108	701,656	6,276	SH		OTR	6,276.00	0	0	0
Pfizer Inc	COMMON STOCKS	717081103	787,751	17,875	SH		OTR	17,875.00	0	0	0
Philip Morris Intl Inc	COMMON STOCKS	718172109	3,121,514	38,282	SH		OTR	38,282.00	0	0	0
PNC FINANCIAL SERVICES GROUP INC	COMMON STOCKS	693475105	2,728,566	20,035	SH		OTR	20,035.00	0	0	0
Prudential Finl Inc	COMMON STOCKS	744320102	2,327,016	22,967	SH		OTR	22,967.00	0	0	0
Pulte Homes Inc	COMMON STOCKS	745867101	1,627,141	65,690	SH		OTR	65,690.00	0	0	0
Qualcomm Inc	COMMON STOCKS	747525103	3,599,267	49,969	SH		OTR	49,969.00	0	0	0
Range Res Corp	COMMON STOCKS	75281A109	2,201,411	129,571	SH		OTR	129,571.00	0	0	0
Regions Finl Corp	COMMON STOCKS	7591EP100	2,472,937	134,765	SH		OTR	134,765.00	0	0	0
Republic Services Inc	COMMON STOCKS	760759100	2,588,585	35,626	SH		OTR	35,626.00	0	0	0
Rio Tinto PLC - Spon ADR	COMMON STOCKS	767204100	589,229	11,549	SH		OTR	11,549.00	0	0	0
Schwab Charles Corp	COMMON STOCKS	808513105	2,736,868	55,684	SH		OTR	55,684.00	0	0	0
Sealed Air Corp New	COMMON STOCKS	81211K100	1,854,488	46,189	SH		OTR	46,189.00	0	0	0
Sempra Energy	COMMON STOCKS	816851109	2,641,275	23,220	SH		OTR	23,220.00	0	0	0
Six Flags Entertainment	COMMON STOCKS	83001a102	764,598	10,951	SH		OTR	10,951.00	0	0	0
SKYWORKS SOLUTIONS INC	COMMON STOCKS	83088M102	2,138,216	23,572	SH		OTR	23,572.00	0	0	0
SMITH (A.O.) CORP	COMMON STOCKS	831865209	1,928,151	36,128	SH		OTR	36,128.00	0	0	0
SOUTHERN COMPANY	COMMON STOCKS	842587107	2,521,911	57,842	SH		OTR	57,842.00	0	0	0
Starbucks Corp	COMMON STOCKS	855244109	2,992,626	52,650	SH		OTR	52,650.00	0	0	0
Sysco Corp	COMMON STOCKS	871829107	3,016,288	41,178	SH		OTR	41,178.00	0	0	0
Target Corp	COMMON STOCKS	87612E106	3,301,171	37,424	SH		OTR	37,424.00	0	0	0
Texas Instrs Inc	COMMON STOCKS	882508104	4,125,515	38,452	SH		OTR	38,452.00	0	0	0
Thermo Fisher Scientific Inc	COMMON STOCKS	883556102	3,669,742	15,035	SH		OTR	15,035.00	0	0	0
Tjx Cos Inc New	COMMON STOCKS	872540109	4,008,523	35,784	SH		OTR	35,784.00	0	0	0
Total Sys Svcs Inc	COMMON STOCKS	891906109	2,851,709	28,881	SH		OTR	28,881.00	0	0	0
United Parcel Services	COMMON STOCKS	911312106	704,469	6,034	SH		OTR	6,034.00	0	0	0
Unitedhealth Group Inc	COMMON STOCKS	91324P102	5,452,489	20,495	SH		OTR	20,495.00	0	0	0
Unum Group	COMMON STOCKS	91529Y106	1,582,803	40,512	SH		OTR	40,512.00	0	0	0
Valero Energy Corp	COMMON STOCKS	91913y100	4,122,641	36,243	SH		OTR	36,243.00	0	0	0
Viacom Inc Cl B	COMMON STOCKS	92553P201	2,669,369	79,069	SH		OTR	79,069.00	0	0	0
Walt Disney Co	COMMON STOCKS	254687106	4,307,601	36,836	SH		OTR	36,836.00	0	0	0
Wells Fargo & Co New	COMMON STOCKS	949746101	4,766,508	90,687	SH		OTR	90,687.00	0	0	0
Western Un Co	COMMON STOCKS	959802109	2,059,375	108,047	SH		OTR	108,047.00	0	0	0
Whirlpool Corp	COMMON STOCKS	963320106	1,621,531	13,655	SH		OTR	13,655.00	0	0	0
Williams Cos Inc Del	COMMON STOCKS	969457100	2,052,219	75,477	SH		OTR	75,477.00	0	0	0
Willis Tower Watson PLC	COMMON STOCKS	G96629103	2,218,959	15,744	SH		OTR	15,744.00	0	0	0
Xilinx Inc	COMMON STOCKS	983919101	2,542,270	31,711	SH		OTR	31,711.00	0	0	0
Zions Bancorp	COMMON STOCKS	989701107	2,205,998	43,988	SH		OTR	43,988.00	0	0	0
Arconinc (RTI)	CONVERTIBLE BOND	74973WAB3	995,543	959	SH		OTR	959	0	0	0
Ares Capital Corp	CONVERTIBLE BOND	04010LAT0	1,976,649	1,929	SH		OTR	1,929.00	0	0	0
Booking Holdings Inc	CONVERTIBLE BOND	741503AX4	3,183,406	2,683	SH		OTR	2,683.00	0	0	0
Citrix Inc	CONVERTIBLE BOND	177376AD2	2,063,963	1,338	SH		OTR	1,338.00	0	0	0
CSG Systems International	CONVERTIBLE BOND	126349AF6	2,191,595	2,066	SH		OTR	2,066.00	0	0	0
Deutsche Bank AG London	CONVERTIBLE BOND	25155MKM2	2,974,430	3,121	SH		OTR	3,121.00	0	0	0
Dycom Inc	CONVERTIBLE BOND	267475AB7	1,125,062	1,016	SH		OTR	1,016.00	0	0	0
HANNON ARMSTRONG	CONVERTIBLE BOND	41068XAB6	2,324,831	2,369	SH		OTR	2,369.00	0	0	0
Hercules Capital Inc	CONVERTIBLE BOND	427096AF9	2,299,192	2,305	SH		OTR	2,305.00	0	0	0
Illumina Inc	CONVERTIBLE BOND	452327AF6	3,213,366	2,215	SH		OTR	2,215.00	0	0	0
Interdigital Inc	CONVERTIBLE BOND	458660AD9	2,120,619	1,799	SH		OTR	1,799.00	0	0	0
Micron Technology	CONVERTIBLE BOND	595112AY9	1,765,534	1,122	SH		OTR	1,122.00	0	0	0
New Mountain Finance	CONVERTIBLE BOND	647551AC4	2,482,983	2,445	SH		OTR	2,445.00	0	0	0
NXP Semiconductors	CONVERTIBLE BOND	62952QAB6	2,385,087	2,274	SH		OTR	2,274.00	0	0	0
ON Semiconductor Corp	CONVERTIBLE BOND	682189AP0	1,860,988	1,634	SH		OTR	1,634.00	0	0	0
Red Hat Inc	CONVERTIBLE BOND	756577AD4	3,004,343	1,622	SH		OTR	1,622.00	0	0	0
RPM International Inc	CONVERTIBLE BOND	749685AT0	1,977,802	1,585	SH		OTR	1,585.00	0	0	0
Spirit Realty Capital	CONVERTIBLE BOND	84860WAB8	2,344,963	2,255	SH		OTR	2,255.00	0	0	0
Starwood Property Trust	CONVERTIBLE BOND	85571BAH8	1,228,963	1,176	SH		OTR	1,176.00	0	0	0
TCP Capital Corp	CONVERTIBLE BOND	87238QAB9	2,407,438	2,304	SH		OTR	2,304.00	0	0	0
TPG Specialty Lending	CONVERTIBLE BOND	87265KAB8	2,550,067	2,464	SH		OTR	2,464.00	0	0	0
Vereit Inc	CONVERTIBLE BOND	02917TAB0	2,905,919	2,814	SH		OTR	2,814.00	0	0	0
Alexandria Real Estate	CONVERTIBLE PREFERRED STOCK	015271505	1,817,851	51,770	SH		OTR	51,770.00	0	0	0
AMG Capital Trust II	CONVERTIBLE PREFERRED STOCK	00170F209	1,760,413	30,230	SH		OTR	30,230.00	0	0	0
Assurant Inc	CONVERTIBLE PREFERRED STOCK	04621X207	2,463,212	21,581	SH		OTR	21,581.00	0	0	0
Becton Dickinson and Co	CONVERTIBLE PREFERRED STOCK	075887208	4,772,921	72,839	SH		OTR	72,839.00	0	0	0
Belden Inc	CONVERTIBLE PREFERRED STOCK	077454205	297,054	3,150	SH		OTR	3,150.00	0	0	0
Bunge Ltd. Perpetual Conv Pfd	CONVERTIBLE PREFERRED STOCK	G16962204	1,801,242	16,674	SH		OTR	16,674.00	0	0	0
Centerpoint Energy Inc	CONVERTIBLE PREFERRED STOCK	15189T503	1,780,433	35,345	SH		OTR	35,345.00	0	0	0
Crown Castle Int Corp	CONVERTIBLE PREFERRED STOCK	22822V309	3,795,631	3,505	SH		OTR	3,505.00	0	0	0
Dominion Resources	CONVERTIBLE PREFERRED STOCK	25746U836	4,069,693	85,873	SH		OTR	85,873.00	0	0	0
Entertainment Properties	CONVERTIBLE PREFERRED STOCK	26884U307	326,225	9,082	SH		OTR	9,082.00	0	0	0
Fortive Corporation	CONVERTIBLE PREFERRED STOCK	34959J207	1,370,939	1,278	SH		OTR	1,278.00	0	0	0
Hess Corp	CONVERTIBLE PREFERRED STOCK	42809H404	2,521,113	31,689	SH		OTR	31,689.00	0	0	0
International Flavor & Fragrances	CONVERTIBLE PREFERRED STOCK	459506309	2,414,765	44,425	SH		OTR	44,425.00	0	0	0
Nabors Industries	CONVERTIBLE PREFERRED STOCK	G6359F129	433,547	9,890	SH		OTR	9,890.00	0	0	0
Rayonier	CONVERTIBLE PREFERRED STOCK	75508B203	198,701	1,544	SH		OTR	1,544.00	0	0	0
Sempra Energy	CONVERTIBLE PREFERRED STOCK	816851406	2,558,189	25,361	SH		OTR	25,361.00	0	0	0
South Jersey Industries	CONVERTIBLE PREFERRED STOCK	838518116	1,824,325	32,496	SH		OTR	32,496.00	0	0	0
Stanley Black & Decker	CONVERTIBLE PREFERRED STOCK	854502887	3,457,442	31,254	SH		OTR	31,254.00	0	0	0
Wells Fargo & Company PFD	CONVERTIBLE PREFERRED STOCK	949746804	2,840,376	2,212	SH		OTR	2,212.00	0	0	0
Welltower Inc Pfd	CONVERTIBLE PREFERRED STOCK	95040Q203	2,171,781	35,493	SH		OTR	35,493.00	0	0	0
Franklin High Yield	EXCHANGE TRADED FUND	35473P629	213,354	8,423	SH		OTR	8,423.00	0	0	0
Global X MSCI Norway ETF	EXCHANGE TRADED FUND	37950E747	519,412	34,127	SH		OTR	34,127.00	0	0	0
Guggenheim Enhanced Short Duration Bond ETF	EXCHANGE TRADED FUND	46090A887	115,316	2,296	SH		OTR	2,296.00	0	0	0
iShares 0-5 Year Investment Grade Corporate Bond	EXCHANGE TRADED FUND	46434V100	489,101	9,849	SH		OTR	9,849.00	0	0	0
iShares 1-3 Year Credit Bond	EXCHANGE TRADED FUND	464288646	430,396	8,304	SH		OTR	8,304.00	0	0	0
iShares Convertible Bond ETF	EXCHANGE TRADED FUND	46435G102	122,772	2,051	SH		OTR	2,051.00	0	0	0
iShares Currency Hedged Canada	EXCHANGE TRADED FUND	46435G706	496,194	18,675	SH		OTR	18,675.00	0	0	0
ISHARES CURRENCY HEDGED MSCI GER ETF	EXCHANGE TRADED FUND	46434v704	496,620	18,238	SH		OTR	18,238.00	0	0	0
iShares Currency Hedged South Korea	EXCHANGE TRADED FUND	46435G888	499,111	17,087	SH		OTR	17,087.00	0	0	0
iShares Floating Rate Bond ETF	EXCHANGE TRADED FUND	46429B655	600,046	11,761	SH		OTR	11,761.00	0	0	0
iShares iBoxx High Yield Corp Bond ETF	EXCHANGE TRADED FUND	464288513	178,498	2,065	SH		OTR	2,065.00	0	0	0
iShares iBoxx Investment Grade	EXCHANGE TRADED FUND	464287242	213,080	1,854	SH		OTR	1,854.00	0	0	0
iShares Interest Rate Hedged Long-Term Corporate	EXCHANGE TRADED FUND	46431W812	238,057	9,031	SH		OTR	9,031.00	0	0	0
iShares MBS ETF	EXCHANGE TRADED FUND	464288588	420,449	4,069	SH		OTR	4,069.00	0	0	0
ISHARES MSCI FRANCE ETF	EXCHANGE TRADED FUND	464286707	507,607	16,171	SH		OTR	16,171.00	0	0	0
ISHARES MSCI TAIWAN CAPPED ETF	EXCHANGE TRADED FUND	46434g772	491,834	13,046	SH		OTR	13,046.00	0	0	0
iShares TIPS Bond ETF	EXCHANGE TRADED FUND	464287176	22,124	200	SH		OTR	200	0	0	0
Market Vectors Investment Grade Floating Rate Bo	EXCHANGE TRADED FUND	92189F486	177,689	7,015	SH		OTR	7,015.00	0	0	0
SPDR S&P 500 ETF	EXCHANGE TRADED FUND	78462f103	1,025,078	3,526	SH		OTR	3,526.00	0	0	0
Vanguard Short-Term Corporate Bond ETF	EXCHANGE TRADED FUND	92206C409	177,501	2,271	SH		OTR	2,271.00	0	0	0
Citigroup Inc	PREFERRED STOCK	172967358	289,873	10,386	SH		OTR	10,386.00	0	0	0
Digital Realty Trust Inc	PREFERRED STOCK	253868871	300,268	11,803	SH		OTR	11,803.00	0	0	0
Energy Transfer Partners 7 5/8 percent	PREFERRED STOCK	29278N400	282,629	10,925	SH		OTR	10,925.00	0	0	0
Morgan Stanley PFD Perpetual	PREFERRED STOCK	61763E207	299,756	10,948	SH		OTR	10,948.00	0	0	0
Nustar Logistics LP	PREFERRED STOCK	67059T204	299,667	11,868	SH		OTR	11,868.00	0	0	0
Crown Castle Intl Corp	REITS - usd	22822V101	348,796	3,133	SH		OTR	3,133.00	0	0	0
W P Carey Inc	REITS - usd	92936u109	626,186	9,737	SH		OTR	9,737.00	0	0	0