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
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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
3M COMPANY	COMMON STOCKS	88579Y101	3,263,600	15,707	SH		OTR	ALL	15,707	0	0
Abbvie Inc	COMMON STOCKS	00287Y109	639,320	7,933	SH		OTR	ALL	7,933	0	0
Advance Auto Parts Inc	COMMON STOCKS	00751Y106	3,477,788	20,394	SH		OTR	ALL	20,394	0	0
Aflac Inc	COMMON STOCKS	001055102	2,849,600	56,992	SH		OTR	ALL	56,992	0	0
Agilent Technologies	COMMON STOCKS	00846U101	2,715,557	33,784	SH		OTR	ALL	33,784	0	0
Alexandria Real Estate	CONVERTIBLE PREFERRED STOCK	015271505	1,850,168	48,830	SH		OTR	ALL	48,830	0	0
Altria Group Inc	COMMON STOCKS	02209s103	637,473	11,100	SH		OTR	ALL	11,100	0	0
American Electric Power	CONVERTIBLE PREFERRED STOCK	025537127	817,536	16,000	SH		OTR	ALL	16,000	0	0
American Express Co	COMMON STOCKS	025816109	3,425,243	31,338	SH		OTR	ALL	31,338	0	0
Ameriprise Financial, Inc.	COMMON STOCKS	03076C106	1,807,362	14,109	SH		OTR	ALL	14,109	0	0
Amerisourcebergen Corp Com	COMMON STOCKS	03073E105	1,958,498	24,629	SH		OTR	ALL	24,629	0	0
Ametek Inc.	COMMON STOCKS	031100100	2,641,764	31,840	SH		OTR	ALL	31,840	0	0
AMG Capital Trust II	CONVERTIBLE PREFERRED STOCK	00170F209	1,453,370	28,750	SH		OTR	ALL	28,750	0	0
Amgen Inc	COMMON STOCKS	031162100	4,507,275	23,725	SH		OTR	ALL	23,725	0	0
Anadarko Pete Corp	COMMON STOCKS	032511107	2,051,739	45,113	SH		OTR	ALL	45,113	0	0
Analog Devices Inc	COMMON STOCKS	032654105	2,926,400	27,799	SH		OTR	ALL	27,799	0	0
Applied Materials Inc	COMMON STOCKS	038222105	2,035,747	51,330	SH		OTR	ALL	51,330	0	0
Ares Capital Corp	COMMON STOCKS	04010l103	635,602	37,083	SH		OTR	ALL	37,083	0	0
Ares Capital Corp	CONVERTIBLE BOND	04010LAT0	1,880,894	1,861	SH		OTR	ALL	1,861	0	0
Assurant Inc	CONVERTIBLE PREFERRED STOCK	04621X207	2,117,482	20,474	SH		OTR	ALL	20,474	0	0
AT&T Inc	COMMON STOCKS	00206r102	1,999,105	63,747	SH		OTR	ALL	63,747	0	0
Automatic Data Processing Inc.	COMMON STOCKS	053015103	3,710,760	23,230	SH		OTR	ALL	23,230	0	0
Baker Hughes GE Co.	COMMON STOCKS	05722G100	2,063,338	74,435	SH		OTR	ALL	74,435	0	0
Bank of N.T. Butterfield & Son Limited	COMMON STOCKS	G0772R208	566,832	15,798	SH		OTR	ALL	15,798	0	0
Bank of New York Mellon Corp	COMMON STOCKS	064058100	2,545,555	50,477	SH		OTR	ALL	50,477	0	0
BB&T Corp	COMMON STOCKS	054937107	2,349,532	50,495	SH		OTR	ALL	50,495	0	0
BCE Inc	COMMON STOCKS	05534b760	645,386	14,539	SH		OTR	ALL	14,539	0	0
Becton Dickinson and Co	CONVERTIBLE PREFERRED STOCK	075887208	4,151,846	66,907	SH		OTR	ALL	66,907	0	0
Belden Inc	CONVERTIBLE PREFERRED STOCK	077454205	215,055	2,971	SH		OTR	ALL	2,971	0	0
Block H & R Inc	COMMON STOCKS	093671105	2,014,407	84,144	SH		OTR	ALL	84,144	0	0
Boeing Co	COMMON STOCKS	097023105	387,904	1,017	SH		OTR	ALL	1,017	0	0
Booking Holdings Inc	CONVERTIBLE BOND	741503AX4	2,850,639	2,569	SH		OTR	ALL	2,569	0	0
Broadcom Corp New	COMMON STOCKS	11135f101	734,634	2,443	SH		OTR	ALL	2,443	0	0
Brunswick Corp	PREFERRED STOCK	117043406	288,575	11,065	SH		OTR	ALL	11,065	0	0
Bunge Ltd. Perpetual Conv Pfd	CONVERTIBLE PREFERRED STOCK	G16962204	1,552,381	15,829	SH		OTR	ALL	15,829	0	0
Campbell Soup Co	COMMON STOCKS	134429109	1,871,725	49,088	SH		OTR	ALL	49,088	0	0
Cardinal Health Inc	COMMON STOCKS	14149Y108	1,721,458	35,752	SH		OTR	ALL	35,752	0	0
Caterpillar Inc	COMMON STOCKS	149123101	2,673,759	19,734	SH		OTR	ALL	19,734	0	0
Centerpoint Energy Inc	CONVERTIBLE PREFERRED STOCK	15189T503	2,328,737	43,960	SH		OTR	ALL	43,960	0	0
Centerpoint Energy, Inc.	COMMON STOCKS	15189T107	2,542,512	82,818	SH		OTR	ALL	82,818	0	0
Church & Dwight Co Inc	COMMON STOCKS	171340102	3,257,917	45,738	SH		OTR	ALL	45,738	0	0
Cisco Sys Inc	COMMON STOCKS	17275r102	695,391	12,880	SH		OTR	ALL	12,880	0	0
Citigroup Inc	PREFERRED STOCK	172967358	275,263	10,094	SH		OTR	ALL	10,094	0	0
Citizens Financial Group	COMMON STOCKS	174610105	1,772,745	54,546	SH		OTR	ALL	54,546	0	0
Citizens Financial Group	PREFERRED STOCK	174610204	290,115	11,052	SH		OTR	ALL	11,052	0	0
Citrix Inc	CONVERTIBLE BOND	177376AD2	1,783,753	1,254	SH		OTR	ALL	1,254	0	0
CMS Energy Corp	COMMON STOCKS	125896100	2,803,825	50,483	SH		OTR	ALL	50,483	0	0
Comerica Inc	COMMON STOCKS	200340107	1,897,741	25,883	SH		OTR	ALL	25,883	0	0
Consolidated Edison	COMMON STOCKS	209115104	2,534,037	29,879	SH		OTR	ALL	29,879	0	0
Constellation Brands	COMMON STOCKS	21036P108	2,092,388	11,934	SH		OTR	ALL	11,934	0	0
Cracker Barrel	COMMON STOCKS	22410J106	696,700	4,311	SH		OTR	ALL	4,311	0	0
Crown Castle Int Corp	CONVERTIBLE PREFERRED STOCK	22822V309	3,869,383	3,278	SH		OTR	ALL	3,278	0	0
Crown Castle Intl Corp	COMMON STOCKS	22822V101	398,080	3,110	SH		OTR	ALL	3,110	0	0
CSG Systems International	CONVERTIBLE BOND	126349AF6	2,059,492	1,953	SH		OTR	ALL	1,953	0	0
CSX Corp	COMMON STOCKS	126408103	3,486,836	46,603	SH		OTR	ALL	46,603	0	0
CVS Corp	COMMON STOCKS	126650100	700,011	12,980	SH		OTR	ALL	12,980	0	0
D.R. Horton Inc	COMMON STOCKS	23331A109	1,870,086	45,193	SH		OTR	ALL	45,193	0	0
Danaher Corp	CONVERTIBLE PREFERRED STOCK	235851300	2,747,857	2,617	SH		OTR	ALL	2,617	0	0
Deere & Co	COMMON STOCKS	244199105	2,671,086	16,711	SH		OTR	ALL	16,711	0	0
Dentsply Intl Inc	COMMON STOCKS	24906P109	1,767,883	35,650	SH		OTR	ALL	35,650	0	0
Deutsche Bank AG London/VOYA	CONVERTIBLE BOND	25155MKM2	2,798,390	2,943	SH		OTR	ALL	2,943	0	0
Digital Realty Trust Inc	PREFERRED STOCK	253868871	285,046	11,411	SH		OTR	ALL	11,411	0	0
Dominion Res Inc Va	COMMON STOCKS	25746U109	380,923	4,969	SH		OTR	ALL	4,969	0	0
Dominion Resources	CONVERTIBLE PREFERRED STOCK	25746U836	4,069,106	81,374	SH		OTR	ALL	81,374	0	0
Dycom Inc	CONVERTIBLE BOND	267475AB7	903,499	976	SH		OTR	ALL	976	0	0
Eastman Chem Co	COMMON STOCKS	277432100	1,811,255	23,870	SH		OTR	ALL	23,870	0	0
Energizer Holdings Inc	CONVERTIBLE PREFERRED STOCK	29272W208	316,176	3,251	SH		OTR	ALL	3,251	0	0
Energy Transfer Partners 7 5/8 PERCENT	PREFERRED STOCK	29278N400	280,627	11,005	SH		OTR	ALL	11,005	0	0
Entertainment Properties	CONVERTIBLE PREFERRED STOCK	26884U307	319,336	8,428	SH		OTR	ALL	8,428	0	0
Fastenal Co.	COMMON STOCKS	311900104	2,723,785	42,354	SH		OTR	ALL	42,354	0	0
Foot Locker Inc	COMMON STOCKS	344849104	2,930,919	48,365	SH		OTR	ALL	48,365	0	0
Fortive Corporation	CONVERTIBLE PREFERRED STOCK	34959J207	2,315,230	2,199	SH		OTR	ALL	2,199	0	0
Franklin High Yield	EXCHANGE TRADED FUND	35473P629	215,069	8,423	SH		OTR	ALL	8,423	0	0
Garmin Ltd	COMMON STOCKS	H2906T109	3,304,614	38,270	SH		OTR	ALL	38,270	0	0
Global X MSCI Norway ETF	EXCHANGE TRADED FUND	37950E747	426,246	34,127	SH		OTR	ALL	34,127	0	0
Grainger W W Inc	COMMON STOCKS	384802104	2,937,377	9,761	SH		OTR	ALL	9,761	0	0
Greenbrier Cos Inc	CONVERTIBLE BOND	393657AK7	1,445,827	1,491	SH		OTR	ALL	1,491	0	0
Guggenheim Enhanced Short Duration Bond ETF	EXCHANGE TRADED FUND	46090A887	115,442	2,296	SH		OTR	ALL	2,296	0	0
Halliburton Co	COMMON STOCKS	406216101	1,504,642	51,353	SH		OTR	ALL	51,353	0	0
HANNON ARMSTRONG	CONVERTIBLE BOND	41068XAB6	2,285,855	2,246	SH		OTR	ALL	2,246	0	0
Hercules Capital Inc	CONVERTIBLE BOND	427096AF9	2,169,940	2,182	SH		OTR	ALL	2,182	0	0
HUMANA INC	COMMON STOCKS	444859102	2,613,184	9,824	SH		OTR	ALL	9,824	0	0
ILLUMINA INC	CONVERTIBLE BOND	452327AH2	2,945,427	2,165	SH		OTR	ALL	2,165	0	0
Interdigital Inc	CONVERTIBLE BOND	458660AD9	1,836,368	1,745	SH		OTR	ALL	1,745	0	0
International Flavor & Fragrances	CONVERTIBLE PREFERRED STOCK	459506309	2,139,424	42,692	SH		OTR	ALL	42,692	0	0
International Flavors & Fragrances	COMMON STOCKS	459506101	1,921,804	14,922	SH		OTR	ALL	14,922	0	0
Intuit	COMMON STOCKS	461202103	4,179,945	15,990	SH		OTR	ALL	15,990	0	0
iShares 0-5 Year Investment Grade Corporate Bond	EXCHANGE TRADED FUND	46434V100	388,767	7,706	SH		OTR	ALL	7,706	0	0
iShares 1-3 Year Credit Bond	EXCHANGE TRADED FUND	464288646	341,745	6,470	SH		OTR	ALL	6,470	0	0
iShares Convertible Bond ETF	EXCHANGE TRADED FUND	46435G102	103,864	1,792	SH		OTR	ALL	1,792	0	0
iShares Currency Hedged Canada	EXCHANGE TRADED FUND	46435G706	482,815	18,675	SH		OTR	ALL	18,675	0	0
ISHARES CURRENCY HEDGED MSCI GER ETF	EXCHANGE TRADED FUND	46434v704	473,093	18,238	SH		OTR	ALL	18,238	0	0
iShares Currency Hedged South Korea	EXCHANGE TRADED FUND	46435G888	438,901	17,087	SH		OTR	ALL	17,087	0	0
iShares Floating Rate Bond ETF	EXCHANGE TRADED FUND	46429B655	483,237	9,492	SH		OTR	ALL	9,492	0	0
iShares iBoxx High Yield Corp Bond ETF	EXCHANGE TRADED FUND	464288513	132,904	1,537	SH		OTR	ALL	1,537	0	0
iShares iBoxx Investment Grade	EXCHANGE TRADED FUND	464287242	169,065	1,420	SH		OTR	ALL	1,420	0	0
iShares Interest Rate Hedged Long-Term Corporate	EXCHANGE TRADED FUND	46431W812	222,704	9,031	SH		OTR	ALL	9,031	0	0
iShares MBS ETF	EXCHANGE TRADED FUND	464288588	356,412	3,351	SH		OTR	ALL	3,351	0	0
ISHARES MSCI FRANCE ETF	EXCHANGE TRADED FUND	464286707	476,559	16,171	SH		OTR	ALL	16,171	0	0
ISHARES MSCI TAIWAN CAPPED ETF	EXCHANGE TRADED FUND	46434g772	451,130	13,046	SH		OTR	ALL	13,046	0	0
iShares TIPS Bond ETF	EXCHANGE TRADED FUND	464287176	22,614	200	SH		OTR	ALL	200	0	0
J P Morgan Chase & Co	COMMON STOCKS	46625h100	6,685,735	66,045	SH		OTR	ALL	66,045	0	0
JB Hunt	COMMON STOCKS	445658107	1,945,173	19,204	SH		OTR	ALL	19,204	0	0
Johnson & Johnson	COMMON STOCKS	478160104	643,732	4,605	SH		OTR	ALL	4,605	0	0
Johnson Controls Inc	COMMON STOCKS	G51502105	2,450,267	66,331	SH		OTR	ALL	66,331	0	0
Kansas City Southern	COMMON STOCKS	485170302	2,404,729	20,734	SH		OTR	ALL	20,734	0	0
Keycorp	COMMON STOCKS	493267108	1,832,638	116,358	SH		OTR	ALL	116,358	0	0
KINDER MORGAN INC DE	COMMON STOCKS	49456B101	337,288	16,856	SH		OTR	ALL	16,856	0	0
Kla-Tencor Corp	COMMON STOCKS	482480100	2,576,390	21,576	SH		OTR	ALL	21,576	0	0
Kohl's Corp	COMMON STOCKS	500255104	3,381,971	49,178	SH		OTR	ALL	49,178	0	0
Ladder Capitol Corp	COMMON STOCKS	505743104	685,446	40,273	SH		OTR	ALL	40,273	0	0
Legg Mason Inc	COMMON STOCKS	524901105	655,730	23,958	SH		OTR	ALL	23,958	0	0
Lennar Corp - Cl A	COMMON STOCKS	526057104	1,722,224	35,083	SH		OTR	ALL	35,083	0	0
Leucadia National Corp	COMMON STOCKS	47233w109	1,549,611	82,470	SH		OTR	ALL	82,470	0	0
LyondellBasell Industries NV	COMMON STOCKS	n53745100	579,058	6,887	SH		OTR	ALL	6,887	0	0
M & T Bk Corp	COMMON STOCKS	55261F104	2,210,056	14,075	SH		OTR	ALL	14,075	0	0
Magellan Midstream	COMMON STOCKS	559080106	311,577	5,139	SH		OTR	ALL	5,139	0	0
Marathon Oil Corp	COMMON STOCKS	565849106	2,162,725	129,427	SH		OTR	ALL	129,427	0	0
Marathon Petroleum Corporation	COMMON STOCKS	56585A102	4,193,749	70,071	SH		OTR	ALL	70,071	0	0
Market Vectors Investment Grade Floating Rate Bo	EXCHANGE TRADED FUND	92189F486	176,567	7,015	SH		OTR	ALL	7,015	0	0
Marriott Intl Inc	COMMON STOCKS	571903202	2,477,407	19,805	SH		OTR	ALL	19,805	0	0
Merck & Co Inc	COMMON STOCKS	58933Y105	5,745,799	69,085	SH		OTR	ALL	69,085	0	0
Microsoft Corp	COMMON STOCKS	594918104	13,252,446	112,366	SH		OTR	ALL	112,366	0	0
Morgan Stanley PFD Perpetual	PREFERRED STOCK	61763E207	293,200	10,604	SH		OTR	ALL	10,604	0	0
Mosaic Company	COMMON STOCKS	61945C103	2,368,842	86,739	SH		OTR	ALL	86,739	0	0
New Mountain Finance	CONVERTIBLE BOND	647551AC4	2,354,183	2,320	SH		OTR	ALL	2,320	0	0
NextEra Energy Inc	COMMON STOCKS	65339f101	374,460	1,937	SH		OTR	ALL	1,937	0	0
Nordstrom Inc	COMMON STOCKS	655664100	2,085,549	46,993	SH		OTR	ALL	46,993	0	0
NRG Energy Inc.	COMMON STOCKS	629377508	3,349,802	78,856	SH		OTR	ALL	78,856	0	0
Nustar Logistics LP	PREFERRED STOCK	67059T204	289,135	11,501	SH		OTR	ALL	11,501	0	0
nVent	COMMON STOCKS	G6700G107	855,319	31,702	SH		OTR	ALL	31,702	0	0
NXP Semiconductors	CONVERTIBLE BOND	62952QAB6	2,223,456	2,145	SH		OTR	ALL	2,145	0	0
ON Semiconductor Corp	CONVERTIBLE BOND	682189AP0	1,939,358	1,555	SH		OTR	ALL	1,555	0	0
Oneok Inc New	COMMON STOCKS	682680103	679,613	9,731	SH		OTR	ALL	9,731	0	0
Packaging Corp of America	COMMON STOCKS	695156109	1,786,355	17,975	SH		OTR	ALL	17,975	0	0
Paychex Inc	COMMON STOCKS	704326107	2,887,520	36,004	SH		OTR	ALL	36,004	0	0
Pentair PLC	COMMON STOCKS	G7S00T104	1,411,056	31,702	SH		OTR	ALL	31,702	0	0
People's United Financial	COMMON STOCKS	712704105	1,927,787	117,262	SH		OTR	ALL	117,262	0	0
PEPSICO INC	COMMON STOCKS	713448108	691,917	5,646	SH		OTR	ALL	5,646	0	0
Philip Morris Intl Inc	COMMON STOCKS	718172109	3,383,745	38,282	SH		OTR	ALL	38,282	0	0
PNC FINANCIAL SERVICES GROUP INC	COMMON STOCKS	693475105	2,457,493	20,035	SH		OTR	ALL	20,035	0	0
Prudential Finl Inc	COMMON STOCKS	744320102	2,110,207	22,967	SH		OTR	ALL	22,967	0	0
Pulte Homes Inc	COMMON STOCKS	745867101	1,836,692	65,690	SH		OTR	ALL	65,690	0	0
Qualcomm Inc	COMMON STOCKS	747525103	2,849,732	49,969	SH		OTR	ALL	49,969	0	0
Range Res Corp	COMMON STOCKS	75281A109	1,456,378	129,571	SH		OTR	ALL	129,571	0	0
Red Hat Inc	CONVERTIBLE BOND	756577AD4	3,801,696	1,534	SH		OTR	ALL	1,534	0	0
Regions Finl Corp	COMMON STOCKS	7591EP100	1,906,924	134,765	SH		OTR	ALL	134,765	0	0
Republic Services Inc	COMMON STOCKS	760759100	2,863,617	35,626	SH		OTR	ALL	35,626	0	0
Rio Tinto PLC - Spon ADR	COMMON STOCKS	767204100	676,127	11,489	SH		OTR	ALL	11,489	0	0
Schwab Charles Corp	COMMON STOCKS	808513105	2,381,047	55,684	SH		OTR	ALL	55,684	0	0
Sealed Air Corp New	COMMON STOCKS	81211K100	2,127,465	46,189	SH		OTR	ALL	46,189	0	0
Sempra Energy	COMMON STOCKS	816851109	2,922,469	23,220	SH		OTR	ALL	23,220	0	0
Sempra Energy	CONVERTIBLE PREFERRED STOCK	816851406	2,565,833	24,227	SH		OTR	ALL	24,227	0	0
SKYWORKS SOLUTIONS INC	COMMON STOCKS	83088M102	1,944,218	23,572	SH		OTR	ALL	23,572	0	0
SMITH (A.O.) CORP	COMMON STOCKS	831865209	1,926,344	36,128	SH		OTR	ALL	36,128	0	0
Smucker J M Co	COMMON STOCKS	832696405	705,757	6,058	SH		OTR	ALL	6,058	0	0
South Jersey Industries	CONVERTIBLE PREFERRED STOCK	838518116	1,588,195	30,748	SH		OTR	ALL	30,748	0	0
SOUTHERN COMPANY	COMMON STOCKS	842587107	2,989,274	57,842	SH		OTR	ALL	57,842	0	0
SPDR S&P 500 ETF	EXCHANGE TRADED FUND	78462f103	996,024	3,526	SH		OTR	ALL	3,526	0	0
Spirit Realty Capital	CONVERTIBLE BOND	84860WAB8	2,195,918	2,135	SH		OTR	ALL	2,135	0	0
Stanley Black & Decker	CONVERTIBLE PREFERRED STOCK	854502887	3,178,166	32,422	SH		OTR	ALL	32,422	0	0
Starbucks Corp	COMMON STOCKS	855244109	3,914,001	52,650	SH		OTR	ALL	52,650	0	0
Starwood Property Trust	CONVERTIBLE BOND	85571BAH8	1,162,998	1,117	SH		OTR	ALL	1,117	0	0
Synaptics Inc	CONVERTIBLE BOND	87157DAD1	1,402,714	1,515	SH		OTR	ALL	1,515	0	0
Sysco Corp	COMMON STOCKS	871829107	2,749,043	41,178	SH		OTR	ALL	41,178	0	0
Target Corp	COMMON STOCKS	87612E106	3,003,650	37,424	SH		OTR	ALL	37,424	0	0
TCP Capital Corp	CONVERTIBLE BOND	87238QAB9	2,320,686	2,226	SH		OTR	ALL	2,226	0	0
Texas Instrs Inc	COMMON STOCKS	882508104	3,917,165	36,930	SH		OTR	ALL	36,930	0	0
Thermo Fisher Scientific Inc	COMMON STOCKS	883556102	4,115,380	15,035	SH		OTR	ALL	15,035	0	0
Tjx Cos Inc New	COMMON STOCKS	872540109	3,808,133	71,568	SH		OTR	ALL	71,568	0	0
Total Sys Svcs Inc	COMMON STOCKS	891906109	2,743,983	28,881	SH		OTR	ALL	28,881	0	0
TPG Specialty Lending	CONVERTIBLE BOND	87265KAD4	2,686,536	2,611	SH		OTR	ALL	2,611	0	0
Two Harbors Inv Corp	PREFERRED STOCK	90187B507	283,230	11,670	SH		OTR	ALL	11,670	0	0
United Parcel Services	COMMON STOCKS	911312106	657,589	5,885	SH		OTR	ALL	5,885	0	0
Unitedhealth Group Inc	COMMON STOCKS	91324P102	5,067,593	20,495	SH		OTR	ALL	20,495	0	0
Unum Group	COMMON STOCKS	91529Y106	1,370,520	40,512	SH		OTR	ALL	40,512	0	0
Valero Energy Corp	COMMON STOCKS	91913y100	2,982,622	35,160	SH		OTR	ALL	35,160	0	0
Vanguard Short-Term Corporate Bond ETF	EXCHANGE TRADED FUND	92206C409	181,134	2,271	SH		OTR	ALL	2,271	0	0
Vereit Inc	CONVERTIBLE BOND	02917TAB0	2,727,328	2,674	SH		OTR	ALL	2,674	0	0
Vereit Inc	PREFERRED STOCK	92339V209	283,816	11,276	SH		OTR	ALL	11,276	0	0
Viacom Inc Cl B	COMMON STOCKS	92553P201	2,219,466	79,069	SH		OTR	ALL	79,069	0	0
Walt Disney Co	COMMON STOCKS	254687106	4,089,901	36,836	SH		OTR	ALL	36,836	0	0
Wells Fargo & Company PFD	CONVERTIBLE PREFERRED STOCK	949746804	2,708,868	2,092	SH		OTR	ALL	2,092	0	0
Western Un Co	COMMON STOCKS	959802109	1,995,628	108,047	SH		OTR	ALL	108,047	0	0
Williams Cos Inc Del	COMMON STOCKS	969457100	2,167,699	75,477	SH		OTR	ALL	75,477	0	0
Willis Tower Watson PLC	COMMON STOCKS	G96629103	2,765,433	15,744	SH		OTR	ALL	15,744	0	0
Xilinx Inc	COMMON STOCKS	983919101	4,020,637	31,711	SH		OTR	ALL	31,711	0	0
Zions Bancorp	COMMON STOCKS	989701107	1,997,495	43,988	SH		OTR	ALL	43,988	0	0