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	2,992,811	15,707	SH		OTR	ALL	15,707	0	0
Advance Auto Parts Inc	COMMON STOCKS	00751Y106	3,211,239	20,394	SH		OTR	ALL	20,394	0	0
Aflac Inc	COMMON STOCKS	001055102	2,596,555	56,992	SH		OTR	ALL	56,992	0	0
Agilent Technologies	COMMON STOCKS	00846U101	2,279,068	33,784	SH		OTR	ALL	33,784	0	0
Altria Group Inc	COMMON STOCKS	02209s103	533,955	10,811	SH		OTR	ALL	10,811	0	0
American Express Co	COMMON STOCKS	025816109	2,987,138	31,338	SH		OTR	ALL	31,338	0	0
Ameriprise Financial, Inc.	COMMON STOCKS	03076C106	1,472,556	14,109	SH		OTR	ALL	14,109	0	0
Amerisourcebergen Corp Com	COMMON STOCKS	03073E105	1,832,397	24,629	SH		OTR	ALL	24,629	0	0
Ametek Inc.	COMMON STOCKS	031100100	2,155,568	31,840	SH		OTR	ALL	31,840	0	0
Amgen Inc	COMMON STOCKS	031162100	4,636,066	23,815	SH		OTR	ALL	23,815	0	0
Anadarko Pete Corp	COMMON STOCKS	032511107	1,977,753	45,113	SH		OTR	ALL	45,113	0	0
Analog Devices Inc	COMMON STOCKS	032654105	2,385,988	27,799	SH		OTR	ALL	27,799	0	0
Applied Materials Inc	COMMON STOCKS	038222105	1,680,544	51,330	SH		OTR	ALL	51,330	0	0
Ares Capital Corp	COMMON STOCKS	04010l103	592,507	38,030	SH		OTR	ALL	38,030	0	0
AT&T Inc	COMMON STOCKS	00206r102	1,781,324	62,415	SH		OTR	ALL	62,415	0	0
Automatic Data Processing Inc.	COMMON STOCKS	053015103	3,045,917	23,230	SH		OTR	ALL	23,230	0	0
Baker Hughes GE Co.	COMMON STOCKS	05722G100	1,600,352	74,435	SH		OTR	ALL	74,435	0	0
Bank of N.T. Butterfield & Son Limited	COMMON STOCKS	G0772R208	447,019	14,259	SH		OTR	ALL	14,259	0	0
Bank of New York Mellon Corp	COMMON STOCKS	064058100	2,375,952	50,477	SH		OTR	ALL	50,477	0	0
BB&T Corp	COMMON STOCKS	054937107	2,187,443	50,495	SH		OTR	ALL	50,495	0	0
BCE Inc	COMMON STOCKS	05534b760	577,730	14,615	SH		OTR	ALL	14,615	0	0
Block H & R Inc	COMMON STOCKS	093671105	2,134,733	84,144	SH		OTR	ALL	84,144	0	0
Boeing Co	COMMON STOCKS	097023105	329,917	1,023	SH		OTR	ALL	1,023	0	0
Broadcom Corp New	COMMON STOCKS	11135f101	689,098	2,710	SH		OTR	ALL	2,710	0	0
Campbell Soup Co	COMMON STOCKS	134429109	1,619,413	49,088	SH		OTR	ALL	49,088	0	0
Cardinal Health Inc	COMMON STOCKS	14149Y108	1,594,539	35,752	SH		OTR	ALL	35,752	0	0
Caterpillar Inc	COMMON STOCKS	149123101	2,507,599	19,734	SH		OTR	ALL	19,734	0	0
Centerpoint Energy, Inc.	COMMON STOCKS	15189T107	2,337,952	82,818	SH		OTR	ALL	82,818	0	0
Church & Dwight Co Inc	COMMON STOCKS	171340102	3,007,730	45,738	SH		OTR	ALL	45,738	0	0
Cisco Sys Inc	COMMON STOCKS	17275r102	831,459	19,189	SH		OTR	ALL	19,189	0	0
Citizens Financial Group	COMMON STOCKS	174610105	1,621,652	54,546	SH		OTR	ALL	54,546	0	0
CMS Energy Corp	COMMON STOCKS	125896100	2,506,480	50,483	SH		OTR	ALL	50,483	0	0
Comerica Inc	COMMON STOCKS	200340107	1,777,903	25,883	SH		OTR	ALL	25,883	0	0
Consolidated Edison	COMMON STOCKS	209115104	2,284,548	29,879	SH		OTR	ALL	29,879	0	0
Constellation Brands	COMMON STOCKS	21036P108	1,919,225	11,934	SH		OTR	ALL	11,934	0	0
Crown Castle Intl Corp	COMMON STOCKS	22822V101	341,098	3,140	SH		OTR	ALL	3,140	0	0
CSX Corp	COMMON STOCKS	126408103	2,895,444	46,603	SH		OTR	ALL	46,603	0	0
CVS Corp	COMMON STOCKS	126650100	850,449	12,980	SH		OTR	ALL	12,980	0	0
D.R. Horton Inc	COMMON STOCKS	23331A109	1,566,389	45,193	SH		OTR	ALL	45,193	0	0
Deere & Co	COMMON STOCKS	244199105	2,492,779	16,711	SH		OTR	ALL	16,711	0	0
Dentsply Intl Inc	COMMON STOCKS	24906P109	1,326,536	35,650	SH		OTR	ALL	35,650	0	0
Dominion Res Inc Va	COMMON STOCKS	25746U109	349,439	4,890	SH		OTR	ALL	4,890	0	0
Eastman Chem Co	COMMON STOCKS	277432100	1,745,135	23,870	SH		OTR	ALL	23,870	0	0
Fastenal Co.	COMMON STOCKS	311900104	2,214,690	42,354	SH		OTR	ALL	42,354	0	0
Foot Locker Inc	COMMON STOCKS	344849104	2,573,018	48,365	SH		OTR	ALL	48,365	0	0
Garmin Ltd	COMMON STOCKS	H2906T109	2,423,256	38,270	SH		OTR	ALL	38,270	0	0
Grainger W W Inc	COMMON STOCKS	384802104	2,756,115	9,761	SH		OTR	ALL	9,761	0	0
Halliburton Co	COMMON STOCKS	406216101	1,364,962	51,353	SH		OTR	ALL	51,353	0	0
HUMANA INC	COMMON STOCKS	444859102	2,814,379	9,824	SH		OTR	ALL	9,824	0	0
International Flavors & Fragrances	COMMON STOCKS	459506101	2,003,576	14,922	SH		OTR	ALL	14,922	0	0
Intuit	COMMON STOCKS	461202103	3,147,631	15,990	SH		OTR	ALL	15,990	0	0
J P Morgan Chase & Co	COMMON STOCKS	46625h100	6,455,415	66,128	SH		OTR	ALL	66,128	0	0
JB Hunt	COMMON STOCKS	445658107	1,786,740	19,204	SH		OTR	ALL	19,204	0	0
Johnson & Johnson	COMMON STOCKS	478160104	666,801	5,167	SH		OTR	ALL	5,167	0	0
Johnson Controls Inc	COMMON STOCKS	G51502105	1,966,714	66,331	SH		OTR	ALL	66,331	0	0
Kansas City Southern	COMMON STOCKS	485170302	1,979,060	20,734	SH		OTR	ALL	20,734	0	0
Keycorp	COMMON STOCKS	493267108	1,719,771	116,358	SH		OTR	ALL	116,358	0	0
KINDER MORGAN INC DE	COMMON STOCKS	49456B101	267,796	17,412	SH		OTR	ALL	17,412	0	0
Kla-Tencor Corp	COMMON STOCKS	482480100	1,930,836	21,576	SH		OTR	ALL	21,576	0	0
Kohl's Corp	COMMON STOCKS	500255104	3,275,603	49,376	SH		OTR	ALL	49,376	0	0
Ladder Capitol Corp	COMMON STOCKS	505743104	637,843	41,231	SH		OTR	ALL	41,231	0	0
Lennar Corp - Cl A	COMMON STOCKS	526057104	1,373,499	35,083	SH		OTR	ALL	35,083	0	0
Leucadia National Corp	COMMON STOCKS	47233w109	1,431,679	82,470	SH		OTR	ALL	82,470	0	0
LyondellBasell Industries NV	COMMON STOCKS	n53745100	540,207	6,496	SH		OTR	ALL	6,496	0	0
M & T Bk Corp	COMMON STOCKS	55261F104	2,014,554	14,075	SH		OTR	ALL	14,075	0	0
Marathon Oil Corp	COMMON STOCKS	565849106	1,855,983	129,427	SH		OTR	ALL	129,427	0	0
Marathon Petroleum Corporation	COMMON STOCKS	56585A102	4,134,889	70,071	SH		OTR	ALL	70,071	0	0
Marriott Intl Inc	COMMON STOCKS	571903202	2,150,030	19,805	SH		OTR	ALL	19,805	0	0
Merck & Co Inc	COMMON STOCKS	58933Y105	5,278,784	69,085	SH		OTR	ALL	69,085	0	0
Microsoft Corp	COMMON STOCKS	594918104	11,413,014	112,366	SH		OTR	ALL	112,366	0	0
Mosaic Company	COMMON STOCKS	61945C103	2,533,646	86,739	SH		OTR	ALL	86,739	0	0
NextEra Energy Inc	COMMON STOCKS	65339f101	426,032	2,451	SH		OTR	ALL	2,451	0	0
Nordstrom Inc	COMMON STOCKS	655664100	2,190,343	46,993	SH		OTR	ALL	46,993	0	0
NRG Energy Inc.	COMMON STOCKS	629377508	3,122,697	78,856	SH		OTR	ALL	78,856	0	0
nVent	COMMON STOCKS	G6700G107	712,026	31,702	SH		OTR	ALL	31,702	0	0
Oneok Inc New	COMMON STOCKS	682680103	530,490	9,833	SH		OTR	ALL	9,833	0	0
Packaging Corp of America	COMMON STOCKS	695156109	1,500,193	17,975	SH		OTR	ALL	17,975	0	0
Paychex Inc	COMMON STOCKS	704326107	3,051,691	46,841	SH		OTR	ALL	46,841	0	0
Pentair PLC	COMMON STOCKS	G7S00T104	1,197,701	31,702	SH		OTR	ALL	31,702	0	0
People's United Financial	COMMON STOCKS	712704105	1,692,090	117,262	SH		OTR	ALL	117,262	0	0
PEPSICO INC	COMMON STOCKS	713448108	685,307	6,203	SH		OTR	ALL	6,203	0	0
Pfizer Inc	COMMON STOCKS	717081103	771,732	17,680	SH		OTR	ALL	17,680	0	0
Philip Morris Intl Inc	COMMON STOCKS	718172109	2,555,706	38,282	SH		OTR	ALL	38,282	0	0
PNC FINANCIAL SERVICES GROUP INC	COMMON STOCKS	693475105	2,342,291	20,035	SH		OTR	ALL	20,035	0	0
Prudential Finl Inc	COMMON STOCKS	744320102	1,872,958	22,967	SH		OTR	ALL	22,967	0	0
Pulte Homes Inc	COMMON STOCKS	745867101	1,707,283	65,690	SH		OTR	ALL	65,690	0	0
Qualcomm Inc	COMMON STOCKS	747525103	2,843,735	49,969	SH		OTR	ALL	49,969	0	0
Range Res Corp	COMMON STOCKS	75281A109	1,239,994	129,571	SH		OTR	ALL	129,571	0	0
Regions Finl Corp	COMMON STOCKS	7591EP100	1,803,155	134,765	SH		OTR	ALL	134,765	0	0
Republic Services Inc	COMMON STOCKS	760759100	2,568,278	35,626	SH		OTR	ALL	35,626	0	0
Rio Tinto PLC - Spon ADR	COMMON STOCKS	767204100	544,188	11,225	SH		OTR	ALL	11,225	0	0
Schwab Charles Corp	COMMON STOCKS	808513105	2,312,556	55,684	SH		OTR	ALL	55,684	0	0
Sealed Air Corp New	COMMON STOCKS	81211K100	1,609,224	46,189	SH		OTR	ALL	46,189	0	0
Sempra Energy	COMMON STOCKS	816851109	2,512,171	23,220	SH		OTR	ALL	23,220	0	0
Six Flags Entertainment	COMMON STOCKS	83001a102	601,137	10,806	SH		OTR	ALL	10,806	0	0
SKYWORKS SOLUTIONS INC	COMMON STOCKS	83088M102	1,579,795	23,572	SH		OTR	ALL	23,572	0	0
SMITH (A.O.) CORP	COMMON STOCKS	831865209	1,542,665	36,128	SH		OTR	ALL	36,128	0	0
SOUTHERN COMPANY	COMMON STOCKS	842587107	2,540,420	57,842	SH		OTR	ALL	57,842	0	0
Starbucks Corp	COMMON STOCKS	855244109	3,390,660	52,650	SH		OTR	ALL	52,650	0	0
Sysco Corp	COMMON STOCKS	871829107	2,580,213	41,178	SH		OTR	ALL	41,178	0	0
Target Corp	COMMON STOCKS	87612E106	2,473,352	37,424	SH		OTR	ALL	37,424	0	0
Texas Instrs Inc	COMMON STOCKS	882508104	3,618,027	38,286	SH		OTR	ALL	38,286	0	0
Thermo Fisher Scientific Inc	COMMON STOCKS	883556102	3,364,682	15,035	SH		OTR	ALL	15,035	0	0
Tjx Cos Inc New	COMMON STOCKS	872540109	3,201,952	71,568	SH		OTR	ALL	71,568	0	0
Total Sys Svcs Inc	COMMON STOCKS	891906109	2,347,736	28,881	SH		OTR	ALL	28,881	0	0
United Parcel Services	COMMON STOCKS	911312106	583,034	5,978	SH		OTR	ALL	5,978	0	0
Unitedhealth Group Inc	COMMON STOCKS	91324P102	5,105,714	20,495	SH		OTR	ALL	20,495	0	0
Unum Group	COMMON STOCKS	91529Y106	1,190,242	40,512	SH		OTR	ALL	40,512	0	0
Valero Energy Corp	COMMON STOCKS	91913y100	2,704,167	36,070	SH		OTR	ALL	36,070	0	0
Viacom Inc Cl B	COMMON STOCKS	92553P201	2,032,073	79,069	SH		OTR	ALL	79,069	0	0
W P Carey Inc	COMMON STOCKS	92936u109	632,295	9,677	SH		OTR	ALL	9,677	0	0
Walt Disney Co	COMMON STOCKS	254687106	4,039,067	36,836	SH		OTR	ALL	36,836	0	0
Western Un Co	COMMON STOCKS	959802109	1,843,281	108,047	SH		OTR	ALL	108,047	0	0
Williams Cos Inc Del	COMMON STOCKS	969457100	1,664,267	75,477	SH		OTR	ALL	75,477	0	0
Willis Tower Watson PLC	COMMON STOCKS	G96629103	2,390,883	15,744	SH		OTR	ALL	15,744	0	0
Xilinx Inc	COMMON STOCKS	983919101	2,700,825	31,711	SH		OTR	ALL	31,711	0	0
Zions Bancorp	COMMON STOCKS	989701107	1,792,071	43,988	SH		OTR	ALL	43,988	0	0
Arconinc (RTI)	CONVERTIBLE BOND	74973WAB3	935,216	935	SH		OTR	ALL	935	0	0
Ares Capital Corp	CONVERTIBLE BOND	04010LAT0	1,972,081	1,916	SH		OTR	ALL	1,916	0	0
Booking Holdings Inc	CONVERTIBLE BOND	741503AX4	2,948,237	2,660	SH		OTR	ALL	2,660	0	0
Citrix Inc	CONVERTIBLE BOND	177376AD2	1,883,243	1,322	SH		OTR	ALL	1,322	0	0
CSG Systems International	CONVERTIBLE BOND	126349AF6	2,051,067	2,003	SH		OTR	ALL	2,003	0	0
Deutsche Bank AG London	CONVERTIBLE BOND	25155MKM2	2,567,161	2,894	SH		OTR	ALL	2,894	0	0
Dycom Inc	CONVERTIBLE BOND	267475AB7	925,066	992	SH		OTR	ALL	992	0	0
HANNON ARMSTRONG	CONVERTIBLE BOND	41068XAB6	2,187,998	2,326	SH		OTR	ALL	2,326	0	0
Hercules Capital Inc	CONVERTIBLE BOND	427096AF9	2,215,173	2,239	SH		OTR	ALL	2,239	0	0
Illumina Inc	CONVERTIBLE BOND	452327AF6	2,670,395	2,186	SH		OTR	ALL	2,186	0	0
Interdigital Inc	CONVERTIBLE BOND	458660AD9	1,807,081	1,702	SH		OTR	ALL	1,702	0	0
Micron Technology	CONVERTIBLE BOND	595112AY9	1,228,880	1,104	SH		OTR	ALL	1,104	0	0
New Mountain Finance	CONVERTIBLE BOND	647551AC4	2,454,711	2,404	SH		OTR	ALL	2,404	0	0
NXP Semiconductors	CONVERTIBLE BOND	62952QAB6	2,149,965	2,139	SH		OTR	ALL	2,139	0	0
ON Semiconductor Corp	CONVERTIBLE BOND	682189AP0	1,713,136	1,587	SH		OTR	ALL	1,587	0	0
Red Hat Inc	CONVERTIBLE BOND	756577AD4	3,797,668	1,592	SH		OTR	ALL	1,592	0	0
Spirit Realty Capital	CONVERTIBLE BOND	84860WAB8	2,194,629	2,215	SH		OTR	ALL	2,215	0	0
Starwood Property Trust	CONVERTIBLE BOND	85571BAH8	1,166,428	1,155	SH		OTR	ALL	1,155	0	0
TCP Capital Corp	CONVERTIBLE BOND	87238QAB9	2,304,715	2,276	SH		OTR	ALL	2,276	0	0
TPG Specialty Lending	CONVERTIBLE BOND	87265KAB8	2,440,798	2,426	SH		OTR	ALL	2,426	0	0
Vereit Inc	CONVERTIBLE BOND	02917TAB0	2,743,033	2,773	SH		OTR	ALL	2,773	0	0
Alexandria Real Estate	CONVERTIBLE PREFERRED STOCK	015271505	1,693,679	50,615	SH		OTR	ALL	50,615	0	0
AMG Capital Trust II	CONVERTIBLE PREFERRED STOCK	00170F209	1,430,327	29,450	SH		OTR	ALL	29,450	0	0
Assurant Inc	CONVERTIBLE PREFERRED STOCK	04621X207	2,083,098	21,174	SH		OTR	ALL	21,174	0	0
Becton Dickinson and Co	CONVERTIBLE PREFERRED STOCK	075887208	4,121,560	71,290	SH		OTR	ALL	71,290	0	0
Belden Inc	CONVERTIBLE PREFERRED STOCK	077454205	174,581	3,012	SH		OTR	ALL	3,012	0	0
Bunge Ltd. Perpetual Conv Pfd	CONVERTIBLE PREFERRED STOCK	G16962204	1,597,529	16,374	SH		OTR	ALL	16,374	0	0
Centerpoint Energy Inc	CONVERTIBLE PREFERRED STOCK	15189T503	2,289,122	45,420	SH		OTR	ALL	45,420	0	0
Crown Castle Int Corp	CONVERTIBLE PREFERRED STOCK	22822V309	3,606,579	3,425	SH		OTR	ALL	3,425	0	0
Dominion Resources	CONVERTIBLE PREFERRED STOCK	25746U836	3,954,708	82,579	SH		OTR	ALL	82,579	0	0
Entertainment Properties	CONVERTIBLE PREFERRED STOCK	26884U307	302,736	8,904	SH		OTR	ALL	8,904	0	0
Fortive Corporation	CONVERTIBLE PREFERRED STOCK	34959J207	2,037,015	2,241	SH		OTR	ALL	2,241	0	0
Hess Corp	CONVERTIBLE PREFERRED STOCK	42809H404	1,537,507	31,000	SH		OTR	ALL	31,000	0	0
International Flavor & Fragrances	CONVERTIBLE PREFERRED STOCK	459506309	2,226,697	43,683	SH		OTR	ALL	43,683	0	0
Sempra Energy	CONVERTIBLE PREFERRED STOCK	816851406	2,404,308	24,927	SH		OTR	ALL	24,927	0	0
South Jersey Industries	CONVERTIBLE PREFERRED STOCK	838518116	1,488,135	31,872	SH		OTR	ALL	31,872	0	0
Stanley Black & Decker	CONVERTIBLE PREFERRED STOCK	854502887	2,885,705	31,654	SH		OTR	ALL	31,654	0	0
Wells Fargo & Company PFD	CONVERTIBLE PREFERRED STOCK	949746804	2,746,921	2,168	SH		OTR	ALL	2,168	0	0
Welltower Inc Pfd	CONVERTIBLE PREFERRED STOCK	95040Q203	2,210,940	34,824	SH		OTR	ALL	34,824	0	0
Franklin High Yield	EXCHANGE TRADED FUND	35473P629	200,636	8,423	SH		OTR	ALL	8,423	0	0
Global X MSCI Norway ETF	EXCHANGE TRADED FUND	37950E747	415,543	36,009	SH		OTR	ALL	36,009	0	0
Guggenheim Enhanced Short Duration Bond ETF	EXCHANGE TRADED FUND	46090A887	114,960	2,296	SH		OTR	ALL	2,296	0	0
iShares 0-5 Year Investment Grade Corporate Bond	EXCHANGE TRADED FUND	46434V100	397,924	8,034	SH		OTR	ALL	8,034	0	0
iShares 1-3 Year Credit Bond	EXCHANGE TRADED FUND	464288646	349,706	6,772	SH		OTR	ALL	6,772	0	0
iShares Convertible Bond ETF	EXCHANGE TRADED FUND	46435G102	94,115	1,792	SH		OTR	ALL	1,792	0	0
iShares Currency Hedged Canada	EXCHANGE TRADED FUND	46435G706	450,436	19,767	SH		OTR	ALL	19,767	0	0
ISHARES CURRENCY HEDGED MSCI GER ETF	EXCHANGE TRADED FUND	46434v704	458,161	19,291	SH		OTR	ALL	19,291	0	0
iShares Currency Hedged South Korea	EXCHANGE TRADED FUND	46435G888	436,003	18,075	SH		OTR	ALL	18,075	0	0
iShares DJ Select Dividend	EXCHANGE TRADED FUND	464287168	293,651	3,288	SH		OTR	ALL	3,288	0	0
iShares Floating Rate Bond ETF	EXCHANGE TRADED FUND	46429B655	496,700	9,863	SH		OTR	ALL	9,863	0	0
iShares iBoxx High Yield Corp Bond ETF	EXCHANGE TRADED FUND	464288513	128,786	1,588	SH		OTR	ALL	1,588	0	0
iShares iBoxx Investment Grade	EXCHANGE TRADED FUND	464287242	166,409	1,475	SH		OTR	ALL	1,475	0	0
iShares Interest Rate Hedged Long-Term Corporate	EXCHANGE TRADED FUND	46431W812	216,156	9,031	SH		OTR	ALL	9,031	0	0
iShares MBS ETF	EXCHANGE TRADED FUND	464288588	362,298	3,462	SH		OTR	ALL	3,462	0	0
ISHARES MSCI FRANCE ETF	EXCHANGE TRADED FUND	464286707	452,935	17,079	SH		OTR	ALL	17,079	0	0
ISHARES MSCI TAIWAN CAPPED ETF	EXCHANGE TRADED FUND	46434g772	437,020	13,821	SH		OTR	ALL	13,821	0	0
iShares TIPS Bond ETF	EXCHANGE TRADED FUND	464287176	21,902	200	SH		OTR	ALL	200	0	0
Market Vectors Investment Grade Floating Rate Bo	EXCHANGE TRADED FUND	92189F486	173,204	7,015	SH		OTR	ALL	7,015	0	0
SPDR Barclays Convertible Securities ETF	EXCHANGE TRADED FUND	78464A359	528,773	11,301	SH		OTR	ALL	11,301	0	0
SPDR S&P 500 ETF	EXCHANGE TRADED FUND	78462f103	931,201	3,726	SH		OTR	ALL	3,726	0	0
Vanguard Short-Term Corporate Bond ETF	EXCHANGE TRADED FUND	92206C409	177,001	2,271	SH		OTR	ALL	2,271	0	0
Citigroup Inc	PREFERRED STOCK	172967358	268,814	10,264	SH		OTR	ALL	10,264	0	0
Digital Realty Trust Inc	PREFERRED STOCK	253868871	293,041	11,624	SH		OTR	ALL	11,624	0	0
Energy Transfer Partners 7 5/8 percent	PREFERRED STOCK	29278N400	241,324	10,529	SH		OTR	ALL	10,529	0	0
Morgan Stanley PFD Perpetual	PREFERRED STOCK	61763E207	279,875	10,806	SH		OTR	ALL	10,806	0	0
Nustar Logistics LP	PREFERRED STOCK	67059T204	279,071	11,706	SH		OTR	ALL	11,706	0	0