Laffer Investments 13F-HR/A Quarterly holdings report by institutional manager (amended)

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
Alibaba Group Holdings	AMERICAN DEPOSITARY RECEIPT	01609w102	97,024	407	SH		OTR	SOLE	407	0	0
Alstom SA Unspon ADR	AMERICAN DEPOSITARY RECEIPT	021244207	109,846	19,204	SH		OTR	SOLE	19,204	0	0
Ashtead Group PLC ADR	AMERICAN DEPOSITARY RECEIPT	045055100	171,142	899	SH		OTR	SOLE	899	0	0
B&M European Value	AMERICAN DEPOSITARY RECEIPT	05590y100	107,531	3,789	SH		OTR	SOLE	3,789	0	0
Bank Central Asia - ADR	AMERICAN DEPOSITARY RECEIPT	69368G105	107,753	1,764	SH		OTR	SOLE	1,764	0	0
Capgemini	AMERICAN DEPOSITARY RECEIPT	13961r100	158,620	5,050	SH		OTR	SOLE	5,050	0	0
Daikin Inds Ltd ADR	AMERICAN DEPOSITARY RECEIPT	23381B106	117,549	5,295	SH		OTR	SOLE	5,295	0	0
Fanuc Corp ADR	AMERICAN DEPOSITARY RECEIPT	307305102	147,125	5,988	SH		OTR	SOLE	5,988	0	0
FAST Retailing Co	AMERICAN DEPOSITARY RECEIPT	31188h101	134,862	1,506	SH		OTR	SOLE	1,506	0	0
Genmab	AMERICAN DEPOSITARY RECEIPT	372303206	158,882	3,898	SH		OTR	SOLE	3,898	0	0
Kerry Group	AMERICAN DEPOSITARY RECEIPT	492460100	92,103	604	SH		OTR	SOLE	604	0	0
Kion Group	AMERICAN DEPOSITARY RECEIPT	497216101	123,553	5,568	SH		OTR	SOLE	5,568	0	0
Kose Corp ADR	AMERICAN DEPOSITARY RECEIPT	500679105	117,497	3,390	SH		OTR	SOLE	3,390	0	0
Lonza Group	AMERICAN DEPOSITARY RECEIPT	54338v101	156,408	2,434	SH		OTR	SOLE	2,434	0	0
Murata Manufacturers	AMERICAN DEPOSITARY RECEIPT	626425102	168,583	7,443	SH		OTR	SOLE	7,443	0	0
NESTLE S A SPNSD ADR REPSTING REG SHS	AMERICAN DEPOSITARY RECEIPT	641069406	103,985	877	SH		OTR	SOLE	877	0	0
Nidec Corp	AMERICAN DEPOSITARY RECEIPT	654090109	204,206	6,491	SH		OTR	SOLE	6,491	0	0
Reckitt Bencksier - ADR	AMERICAN DEPOSITARY RECEIPT	756255204	91,018	5,001	SH		OTR	SOLE	5,001	0	0
SAP AG SPON ADR	AMERICAN DEPOSITARY RECEIPT	803054204	99,417	761	SH		OTR	SOLE	761	0	0
Tencent Holdings Ltd - ADR	AMERICAN DEPOSITARY RECEIPT	88032Q109	98,256	1,370	SH		OTR	SOLE	1,370	0	0
Treasury Wine Estates	AMERICAN DEPOSITARY RECEIPT	89465j109	79,460	10,960	SH		OTR	SOLE	10,960	0	0
YUM CHINA HOLDINGS INC	AMERICAN DEPOSITARY RECEIPT	98850p109	84,423	1,478	SH		OTR	SOLE	1,478	0	0
3M CO COM	COMMON STOCKS	88579Y101	1,132,759	6,506	SH		OTR	SOLE	6,506	0	0
ABBOTT LABS COM	COMMON STOCKS	002824100	225,555	2,080	SH		OTR	SOLE	2,080	0	0
ABBVIE INC COM	COMMON STOCKS	00287Y109	2,245,198	21,328	SH		OTR	SOLE	21,328	0	0
ADIDAS AG SPONS ADR	COMMON STOCKS	00687A107	136,891	746	SH		OTR	SOLE	746	0	0
AIA GROUP LTD SPON ADR	COMMON STOCKS	001317205	93,595	1,887	SH		OTR	SOLE	1,887	0	0
Alphabet Inc Class A	COMMON STOCKS	02079k305	682,346	393	SH		OTR	SOLE	393	0	0
Alphabet Inc Class C	COMMON STOCKS	02079K107	546,209	314	SH		OTR	SOLE	314	0	0
Amazon Com Inc	COMMON STOCKS	023135106	1,271,623	387	SH		OTR	SOLE	387	0	0
American Express Co	COMMON STOCKS	025816109	698,904	5,852	SH		OTR	SOLE	5,852	0	0
AMGEN INC COM	COMMON STOCKS	031162100	2,386,991	10,507	SH		OTR	SOLE	10,507	0	0
Amphenol Corp	COMMON STOCKS	032095101	51,416	396	SH		OTR	SOLE	396	0	0
APPLE INC COM	COMMON STOCKS	037833100	5,760,791	43,081	SH		OTR	SOLE	43,081	0	0
Archer Daniels Midland Co	COMMON STOCKS	039483102	87,691	1,757	SH		OTR	SOLE	1,757	0	0
Ares Capital Corp	COMMON STOCKS	04010l103	334,698	20,102	SH		OTR	SOLE	20,102	0	0
Arista Networks Inc.	COMMON STOCKS	040413106	52,590	182	SH		OTR	SOLE	182	0	0
ASML Holding NV-NY Reg Shs	COMMON STOCKS	N07059210	153,831	314	SH		OTR	SOLE	314	0	0
AT&T INC COM	COMMON STOCKS	00206R102	906,710	31,825	SH		OTR	SOLE	31,825	0	0
Autonation Inc	COMMON STOCKS	05329W102	55,652	798	SH		OTR	SOLE	798	0	0
Bank of New York Mellon Corp	COMMON STOCKS	064058100	200,112	4,800	SH		OTR	SOLE	4,800	0	0
Baxter Intl Inc	COMMON STOCKS	071813109	130,838	1,652	SH		OTR	SOLE	1,652	0	0
BCE Inc	COMMON STOCKS	05534b760	312,679	7,309	SH		OTR	SOLE	7,309	0	0
Becton Dickinson and Company	COMMON STOCKS	075887109	98,672	400	SH		OTR	SOLE	400	0	0
Berkshire Hathaway Inc Cl B	COMMON STOCKS	084670702	461,366	2,009	SH		OTR	SOLE	2,009	0	0
BJ's Wholesale Club Holdings, Inc.	COMMON STOCKS	05550J101	44,020	1,156	SH		OTR	SOLE	1,156	0	0
BLACKROCK INC COM	COMMON STOCKS	09247X101	1,562,624	2,204	SH		OTR	SOLE	2,204	0	0
BOEING CO COM	COMMON STOCKS	097023105	348,622	1,609	SH		OTR	SOLE	1,609	0	0
Brighthouse Financial	COMMON STOCKS	10922n103	4,185	117	SH		OTR	SOLE	117	0	0
Bristol Myers Squibb	COMMON STOCKS	110122108	57,585	930	SH		OTR	SOLE	930	0	0
BROADCOM INC COM	COMMON STOCKS	11135F101	2,243,722	5,160	SH		OTR	SOLE	5,160	0	0
BUNGE LIMITED COM	COMMON STOCKS	G16962105	92,504	1,419	SH		OTR	SOLE	1,419	0	0
Capital One Finl Corp	COMMON STOCKS	14040H105	87,308	892	SH		OTR	SOLE	892	0	0
Carrier Global Corporation	COMMON STOCKS	14448c104	25,279	670	SH		OTR	SOLE	670	0	0
Caterpillar Inc	COMMON STOCKS	149123101	207,226	1,151	SH		OTR	SOLE	1,151	0	0
Charter Communications Inc	COMMON STOCKS	16119p108	50,318	77	SH		OTR	SOLE	77	0	0
Chemours Co	COMMON STOCKS	163851108	1,012	40	SH		OTR	SOLE	40	0	0
CHEVRON CORP NEW COM	COMMON STOCKS	166764100	1,276,650	14,961	SH		OTR	SOLE	14,961	0	0
Chipotle Mexican Grill Inc.	COMMON STOCKS	169656105	787,399	573	SH		OTR	SOLE	573	0	0
CHUBB LTD	COMMON STOCKS	H1467J104	50,896	335	SH		OTR	SOLE	335	0	0
CISCO SYS INC COM	COMMON STOCKS	17275R102	2,053,997	46,178	SH		OTR	SOLE	46,178	0	0
COCA COLA CO COM	COMMON STOCKS	191216100	1,496,718	27,493	SH		OTR	SOLE	27,493	0	0
COLGATE-PALMOLIVE COMPANY	COMMON STOCKS	194162103	296,131	3,495	SH		OTR	SOLE	3,495	0	0
Comcast Corp Cl A	COMMON STOCKS	20030N101	1,108,133	21,639	SH		OTR	SOLE	21,639	0	0
CONOCOPHILLIPS COM	COMMON STOCKS	20825C104	111,507	2,787	SH		OTR	SOLE	2,787	0	0
Corteva Inc	COMMON STOCKS	22052l104	75,688	1,969	SH		OTR	SOLE	1,969	0	0
Costco Whsl Corp	COMMON STOCKS	22160K105	253,128	676	SH		OTR	SOLE	676	0	0
Crown Castle Intl Corp	COMMON STOCKS	22822V101	71,001	454	SH		OTR	SOLE	454	0	0
CVS Corp	COMMON STOCKS	126650100	223,439	3,298	SH		OTR	SOLE	3,298	0	0
D.R. Horton Inc	COMMON STOCKS	23331A109	978,805	13,959	SH		OTR	SOLE	13,959	0	0
Diamondback Energy Inc	COMMON STOCKS	25278X109	93,908	1,906	SH		OTR	SOLE	1,906	0	0
Discover Finl Svcs	COMMON STOCKS	254709108	57,598	645	SH		OTR	SOLE	645	0	0
Discovery Communications-C	COMMON STOCKS	25470F302	86,903	3,345	SH		OTR	SOLE	3,345	0	0
Dollar Tree, Inc.	COMMON STOCKS	256746108	114,052	1,058	SH		OTR	SOLE	1,058	0	0
Dow Chem Co	COMMON STOCKS	260557103	109,220	1,969	SH		OTR	SOLE	1,969	0	0
DU PONT E.I.DE NEMOURS & COMPANY	COMMON STOCKS	26614n102	138,420	1,969	SH		OTR	SOLE	1,969	0	0
Duke Energy Corp	COMMON STOCKS	26441C204	53,973	596	SH		OTR	SOLE	596	0	0
Eaton Corp	COMMON STOCKS	G29183103	374,602	3,140	SH		OTR	SOLE	3,140	0	0
Ecolab Inc	COMMON STOCKS	278865100	332,976	1,547	SH		OTR	SOLE	1,547	0	0
Eli Lilly & Co	COMMON STOCKS	532457108	25,051	150	SH		OTR	SOLE	150	0	0
EMERSON ELECTRIC COMPANY	COMMON STOCKS	291011104	205,057	2,569	SH		OTR	SOLE	2,569	0	0
Enbridge Inc	COMMON STOCKS	29250N105	308,254	9,642	SH		OTR	SOLE	9,642	0	0
Equinix Inc	COMMON STOCKS	29444u700	244,472	349	SH		OTR	SOLE	349	0	0
EUROFINS SCIENTIFIC SE ACT	COMMON STOCKS	L31839134	106,307	1,229	SH		OTR	SOLE	1,229	0	0
Exelis Inc	COMMON STOCKS	30161Q104	52,242	2,585	SH		OTR	SOLE	2,585	0	0
Exxon Mobil Corp	COMMON STOCKS	30231G102	123,801	2,976	SH		OTR	SOLE	2,976	0	0
FACEBOOK INC CL A	COMMON STOCKS	30303M102	1,254,680	4,615	SH		OTR	SOLE	4,615	0	0
Fastenal Co.	COMMON STOCKS	311900104	785,954	16,017	SH		OTR	SOLE	16,017	0	0
FEDEX CORP COM	COMMON STOCKS	31428X106	1,098,484	4,225	SH		OTR	SOLE	4,225	0	0
Fidelity National Finl-A	COMMON STOCKS	31620r303	88,395	2,280	SH		OTR	SOLE	2,280	0	0
Fifth Third Bancorp	COMMON STOCKS	316773100	90,706	3,325	SH		OTR	SOLE	3,325	0	0
FMC Corp	COMMON STOCKS	302491303	49,168	431	SH		OTR	SOLE	431	0	0
FORTINET INC	COMMON STOCKS	34959E109	188,873	1,276	SH		OTR	SOLE	1,276	0	0
Fox Corp	COMMON STOCKS	35137L105	52,245	1,796	SH		OTR	SOLE	1,796	0	0
GENERAL ELECTRIC COMPANY	COMMON STOCKS	369604103	40,590	3,790	SH		OTR	SOLE	3,790	0	0
General Mills Inc	COMMON STOCKS	370334104	283,957	4,849	SH		OTR	SOLE	4,849	0	0
Gilead Sciences Inc	COMMON STOCKS	375558103	69,736	1,231	SH		OTR	SOLE	1,231	0	0
GOLDMAN SACHS GROUP INC COM	COMMON STOCKS	38141G104	2,522,230	9,721	SH		OTR	SOLE	9,721	0	0
Heartland Financial USA	COMMON STOCKS	42234q102	610,343	15,115	SH		OTR	SOLE	15,115	0	0
Hershey Foods Corp	COMMON STOCKS	427866108	49,524	329	SH		OTR	SOLE	329	0	0
HOME DEPOT INC COM	COMMON STOCKS	437076102	2,741,462	10,335	SH		OTR	SOLE	10,335	0	0
Honeywell Intl Inc	COMMON STOCKS	438516106	1,122,254	5,320	SH		OTR	SOLE	5,320	0	0
Hormel Foods Corp	COMMON STOCKS	440452100	114,242	2,460	SH		OTR	SOLE	2,460	0	0
II-VI Inc.	COMMON STOCKS	902104108	124,715	1,634	SH		OTR	SOLE	1,634	0	0
Illinois Tool Works Inc	COMMON STOCKS	452308109	853,561	4,222	SH		OTR	SOLE	4,222	0	0
INTEL CORP COM	COMMON STOCKS	458140100	1,388,905	28,490	SH		OTR	SOLE	28,490	0	0
INTERNATIONAL BUSINESS MACHS COM	COMMON STOCKS	459200101	434,692	3,496	SH		OTR	SOLE	3,496	0	0
Interpublic Group of Companies Inc	COMMON STOCKS	460690100	54,145	2,308	SH		OTR	SOLE	2,308	0	0
Intuitive Surgical Inc	COMMON STOCKS	46120E602	167,951	206	SH		OTR	SOLE	206	0	0
JOHNSON & JOHNSON COM	COMMON STOCKS	478160104	3,430,129	21,980	SH		OTR	SOLE	21,980	0	0
JPMORGAN CHASE & CO COM	COMMON STOCKS	46625H100	2,703,639	21,567	SH		OTR	SOLE	21,567	0	0
Kellogg Co	COMMON STOCKS	487836108	53,223	865	SH		OTR	SOLE	865	0	0
Keyence Corp	COMMON STOCKS	J32491102	139,337	248	SH		OTR	SOLE	248	0	0
Kimberly Clark Corp	COMMON STOCKS	494368103	93,457	702	SH		OTR	SOLE	702	0	0
Kimco Realty Corp	COMMON STOCKS	49446R109	49,387	3,337	SH		OTR	SOLE	3,337	0	0
KINDER MORGAN INC DE	COMMON STOCKS	49456B101	210,592	15,519	SH		OTR	SOLE	15,519	0	0
Kontoor Brands	COMMON STOCKS	50050n103	6,824	166	SH		OTR	SOLE	166	0	0
L3Harris Technologies Inc.	COMMON STOCKS	502431109	118,219	630	SH		OTR	SOLE	630	0	0
Lam Research Corp	COMMON STOCKS	512807108	1,871,495	3,863	SH		OTR	SOLE	3,863	0	0
Lincoln National Corp	COMMON STOCKS	534187109	82,798	1,670	SH		OTR	SOLE	1,670	0	0
Lockheed Martin Corp	COMMON STOCKS	539830109	86,415	244	SH		OTR	SOLE	244	0	0
Lowe's Cos Inc	COMMON STOCKS	548661107	613,820	3,823	SH		OTR	SOLE	3,823	0	0
Lumentum Holdings Inc.	COMMON STOCKS	55024U109	88,166	927	SH		OTR	SOLE	927	0	0
LVMH MOET HENNESSY LOUISVUITTON ADR	COMMON STOCKS	502441306	125,366	996	SH		OTR	SOLE	996	0	0
LyondellBasell Industries NV	COMMON STOCKS	n53745100	54,733	601	SH		OTR	SOLE	601	0	0
Magellan Midstream	COMMON STOCKS	559080106	40,810	968	SH		OTR	SOLE	968	0	0
Mccormick & Co Inc	COMMON STOCKS	579780206	155,834	1,648	SH		OTR	SOLE	1,648	0	0
MCDONALDS CORP COM	COMMON STOCKS	580135101	1,831,898	8,659	SH		OTR	SOLE	8,659	0	0
MEDTRONIC PLC SHS	COMMON STOCKS	G5960L103	1,912,768	16,540	SH		OTR	SOLE	16,540	0	0
Merck & Co Inc	COMMON STOCKS	58933Y105	80,590	1,000	SH		OTR	SOLE	1,000	0	0
Metlife Inc	COMMON STOCKS	59156R108	161,472	3,480	SH		OTR	SOLE	3,480	0	0
MICROSOFT CORP COM	COMMON STOCKS	594918104	3,918,469	17,676	SH		OTR	SOLE	17,676	0	0
Mondelez International Inc - A	COMMON STOCKS	609207105	187,746	3,237	SH		OTR	SOLE	3,237	0	0
MORGAN STANLEY COM NEW	COMMON STOCKS	617446448	503,712	7,425	SH		OTR	SOLE	7,425	0	0
National Instruments Corp	COMMON STOCKS	636518102	61,763	1,414	SH		OTR	SOLE	1,414	0	0
NEXTERA ENERGY INC COM	COMMON STOCKS	65339F101	167,002	2,200	SH		OTR	SOLE	2,200	0	0
Nike Inc	COMMON STOCKS	654106103	43,606	308	SH		OTR	SOLE	308	0	0
Nvidia Corp	COMMON STOCKS	67066G104	190,350	362	SH		OTR	SOLE	362	0	0
O'Reilly Automotive Inc.	COMMON STOCKS	67103H107	122,889	272	SH		OTR	SOLE	272	0	0
Occidental Pete Corp	COMMON STOCKS	674599105	26,381	1,473	SH		OTR	SOLE	1,473	0	0
Oracle Systems Corp	COMMON STOCKS	68389X105	85,136	1,322	SH		OTR	SOLE	1,322	0	0
Otis Worldwide Corporation	COMMON STOCKS	68902v107	22,351	335	SH		OTR	SOLE	335	0	0
PALO ALTO NETWORKS INC COM	COMMON STOCKS	697435105	1,232,456	3,464	SH		OTR	SOLE	3,464	0	0
PEPSICO INC	COMMON STOCKS	713448108	998,718	6,779	SH		OTR	SOLE	6,779	0	0
PFIZER INC COM	COMMON STOCKS	717081103	199,351	5,426	SH		OTR	SOLE	5,426	0	0
Philip Morris Intl Inc	COMMON STOCKS	718172109	354,275	4,348	SH		OTR	SOLE	4,348	0	0
PHILLIPS 66 COM	COMMON STOCKS	718546104	84,861	1,202	SH		OTR	SOLE	1,202	0	0
Pinnacle West Cap Co	COMMON STOCKS	723484101	319,762	4,042	SH		OTR	SOLE	4,042	0	0
PNC FINANCIAL SERVICES GROUP INC	COMMON STOCKS	693475105	759,715	5,172	SH		OTR	SOLE	5,172	0	0
PRICE T ROWE GROUP INC COM	COMMON STOCKS	74144T108	781,106	5,222	SH		OTR	SOLE	5,222	0	0
Principal Financial	COMMON STOCKS	74251V102	67,901	1,392	SH		OTR	SOLE	1,392	0	0
PROCTER AND GAMBLE CO COM	COMMON STOCKS	742718109	1,147,624	8,330	SH		OTR	SOLE	8,330	0	0
Progressive Corp	COMMON STOCKS	743315103	148,842	1,528	SH		OTR	SOLE	1,528	0	0
Prudential Finl Inc	COMMON STOCKS	744320102	62,657	809	SH		OTR	SOLE	809	0	0
Pulte Homes Inc	COMMON STOCKS	745867101	99,907	2,266	SH		OTR	SOLE	2,266	0	0
Qualcomm Inc	COMMON STOCKS	747525103	522,875	3,487	SH		OTR	SOLE	3,487	0	0
Raytheon Technologies Corporation	COMMON STOCKS	75513e101	1,106,294	15,503	SH		OTR	SOLE	15,503	0	0
Recruit Holdings Co	COMMON STOCKS	j6433a101	114,271	2,730	SH		OTR	SOLE	2,730	0	0
Regency Ctrs Corp	COMMON STOCKS	758849103	53,796	1,180	SH		OTR	SOLE	1,180	0	0
Regeneron Pharmaceuticals	COMMON STOCKS	75886F107	181,754	380	SH		OTR	SOLE	380	0	0
Roku, Inc	COMMON STOCKS	77543R102	287,929	850	SH		OTR	SOLE	850	0	0
S&P Global Inc.	COMMON STOCKS	78409V104	149,517	462	SH		OTR	SOLE	462	0	0
Salesforce.com Inc	COMMON STOCKS	79466L302	709,456	3,190	SH		OTR	SOLE	3,190	0	0
Schwab Charles Corp	COMMON STOCKS	808513105	207,648	3,962	SH		OTR	SOLE	3,962	0	0
ServiceNow Inc.	COMMON STOCKS	81762P102	773,995	1,414	SH		OTR	SOLE	1,414	0	0
Smucker J M Co	COMMON STOCKS	832696405	97,741	852	SH		OTR	SOLE	852	0	0
Snap On Tools Corp	COMMON STOCKS	833034101	344,635	2,016	SH		OTR	SOLE	2,016	0	0
Southwest Airlines co	COMMON STOCKS	844741108	48,266	1,040	SH		OTR	SOLE	1,040	0	0
Splunk Inc	COMMON STOCKS	848637104	390,268	2,264	SH		OTR	SOLE	2,264	0	0
Square Inc.	COMMON STOCKS	852234103	478,109	2,163	SH		OTR	SOLE	2,163	0	0
STARBUCKS CORP COM	COMMON STOCKS	855244109	3,616,332	34,126	SH		OTR	SOLE	34,126	0	0
Stryker Corp	COMMON STOCKS	863667101	52,042	215	SH		OTR	SOLE	215	0	0
Target Corp	COMMON STOCKS	87612E106	1,335,746	7,682	SH		OTR	SOLE	7,682	0	0
TEXAS INSTRS INC COM	COMMON STOCKS	882508104	2,737,915	16,828	SH		OTR	SOLE	16,828	0	0
Tjx Cos Inc New	COMMON STOCKS	872540109	54,503	798	SH		OTR	SOLE	798	0	0
Travelers Companies	COMMON STOCKS	89417E109	169,260	1,217	SH		OTR	SOLE	1,217	0	0
Twitter Inc.	COMMON STOCKS	90184L102	124,470	2,291	SH		OTR	SOLE	2,291	0	0
Tyson Foods Inc	COMMON STOCKS	902494103	291,369	4,582	SH		OTR	SOLE	4,582	0	0
Ulta Beauty	COMMON STOCKS	90384s303	285,243	1,008	SH		OTR	SOLE	1,008	0	0
UNITED PARCEL SERVICE INC CL B	COMMON STOCKS	911312106	2,195,898	13,210	SH		OTR	SOLE	13,210	0	0
Unitedhealth Group Inc	COMMON STOCKS	91324P102	268,402	778	SH		OTR	SOLE	778	0	0
VERIZON COMMUNICATIONS INC COM	COMMON STOCKS	92343V104	211,687	3,641	SH		OTR	SOLE	3,641	0	0
VF Corp	COMMON STOCKS	918204108	100,967	1,172	SH		OTR	SOLE	1,172	0	0
Viatris Inc Com	COMMON STOCKS	92556V106	12,183	672	SH		OTR	SOLE	672	0	0
Visa. Inc - Class A Shares	COMMON STOCKS	92826C839	104,594	479	SH		OTR	SOLE	479	0	0
Wabtec Corp	COMMON STOCKS	929740108	1,448	20	SH		OTR	SOLE	20	0	0
Walgreens Boots Alliance	COMMON STOCKS	931427108	76,516	1,945	SH		OTR	SOLE	1,945	0	0
WALMART INC COM	COMMON STOCKS	931142103	2,573,699	17,850	SH		OTR	SOLE	17,850	0	0
Walt Disney Co	COMMON STOCKS	254687106	1,242,826	6,860	SH		OTR	SOLE	6,860	0	0
Wells Fargo & Co New	COMMON STOCKS	949746101	56,614	1,903	SH		OTR	SOLE	1,903	0	0
Weyerhaeuser Co	COMMON STOCKS	962166104	57,978	1,723	SH		OTR	SOLE	1,723	0	0
Wisconsin Energy Corp	COMMON STOCKS	92939u106	128,943	1,424	SH		OTR	SOLE	1,424	0	0
Zebra Technologies Corp Cl A	COMMON STOCKS	989207105	56,411	147	SH		OTR	SOLE	147	0	0
Akamai Technologies	CONVERTIBLE BOND	00971TAL5	3,241,670	2,909	SH		OTR	SOLE	2,909	0	0
Ares Capital Corp	CONVERTIBLE BOND	04010LAW3	3,104,057	2,871	SH		OTR	SOLE	2,871	0	0
Blackrock TCP Cap	CONVERTIBLE BOND	87238QAD5	3,060,871	2,970	SH		OTR	SOLE	2,970	0	0
Booking Holdings Inc	CONVERTIBLE BOND	741503AX4	3,385,807	2,927	SH		OTR	SOLE	2,927	0	0
CSG Systems International	CONVERTIBLE BOND	126349AF6	2,406,613	2,237	SH		OTR	SOLE	2,237	0	0
Deutsche Bank AG London/VOYA	CONVERTIBLE BOND	25155MKM2	3,405,750	3,236	SH		OTR	SOLE	3,236	0	0
Fortive Corporation	CONVERTIBLE BOND	34959JAK4	3,544,171	3,440	SH		OTR	SOLE	3,440	0	0
FTI Consulting Inc	CONVERTIBLE BOND	302941AP4	2,044,696	1,617	SH		OTR	SOLE	1,617	0	0
HANNON ARMSTRONG	CONVERTIBLE BOND	41068XAB6	5,858,384	2,442	SH		OTR	SOLE	2,442	0	0
Hercules Capital Inc	CONVERTIBLE BOND	427096AF9	2,637,368	2,485	SH		OTR	SOLE	2,485	0	0
Illumina Inc	CONVERTIBLE BOND	452327AK5	2,204,197	1,969	SH		OTR	SOLE	1,969	0	0
New Mountain Finance	CONVERTIBLE BOND	647551AC4	2,798,300	2,613	SH		OTR	SOLE	2,613	0	0
ON Semiconductor Corp	CONVERTIBLE BOND	682189AP0	2,996,944	1,790	SH		OTR	SOLE	1,790	0	0
Palo Alto Networks	CONVERTIBLE BOND	697435ad7	2,197,047	1,544	SH		OTR	SOLE	1,544	0	0
Sixth Street Specialty Lending Inc	CONVERTIBLE BOND	87265KAD4	3,219,559	2,889	SH		OTR	SOLE	2,889	0	0
Southwest Airlines Co	CONVERTIBLE BOND	844741BG2	3,536,230	2,434	SH		OTR	SOLE	2,434	0	0
Synaptics Inc	CONVERTIBLE BOND	87157DAD1	2,389,520	1,754	SH		OTR	SOLE	1,754	0	0
Western Digital Corp	CONVERTIBLE BOND	958102AP0	3,472,077	3,481	SH		OTR	SOLE	3,481	0	0
American Electric Power 6 1/8 Pfd	CONVERTIBLE PREFERRED STOCK	02557T307	891,540	18,000	SH		OTR	SOLE	18,000	0	0
AMG Capital Trust II	CONVERTIBLE PREFERRED STOCK	00170F209	1,673,789	34,306	SH		OTR	SOLE	34,306	0	0
Assurant Inc	CONVERTIBLE PREFERRED STOCK	04621X207	2,895,611	22,741	SH		OTR	SOLE	22,741	0	0
Becton Dickinson and Company	CONVERTIBLE PREFERRED STOCK	075887406	3,301,034	60,161	SH		OTR	SOLE	60,161	0	0
Boston Scientific Corp	CONVERTIBLE PREFERRED STOCK	101137206	2,953,130	27,083	SH		OTR	SOLE	27,083	0	0
Broadcom Inc	CONVERTIBLE PREFERRED STOCK	11135F200	4,524,664	3,188	SH		OTR	SOLE	3,188	0	0
Bunge Ltd. Perpetual Conv Pfd	CONVERTIBLE PREFERRED STOCK	G16962204	1,991,517	18,355	SH		OTR	SOLE	18,355	0	0
Centerpoint Energy Inc	CONVERTIBLE PREFERRED STOCK	15189T503	2,441,778	60,771	SH		OTR	SOLE	60,771	0	0
Danaher Corp	CONVERTIBLE PREFERRED STOCK	235851300	5,531,420	3,659	SH		OTR	SOLE	3,659	0	0
Dominion Energy	CONVERTIBLE PREFERRED STOCK	25746U133	4,285,063	43,336	SH		OTR	SOLE	43,336	0	0
DTE Energy Co	CONVERTIBLE PREFERRED STOCK	233331842	2,460,099	51,868	SH		OTR	SOLE	51,868	0	0
Energizer Holdings Inc	CONVERTIBLE PREFERRED STOCK	29272W208	269,269	2,959	SH		OTR	SOLE	2,959	0	0
Fortive Corporation	CONVERTIBLE PREFERRED STOCK	34959J207	2,796,203	2,816	SH		OTR	SOLE	2,816	0	0
IIVI 6 Pfd	CONVERTIBLE PREFERRED STOCK	902104306	3,325,562	10,441	SH		OTR	SOLE	10,441	0	0
International Flavor & Fragrances	CONVERTIBLE PREFERRED STOCK	459506309	1,890,634	45,767	SH		OTR	SOLE	45,767	0	0
KKR & CO Inc	CONVERTIBLE PREFERRED STOCK	48251W401	2,473,791	41,950	SH		OTR	SOLE	41,950	0	0
Sempra Energy	CONVERTIBLE PREFERRED STOCK	816851406	2,635,069	26,633	SH		OTR	SOLE	26,633	0	0
South Jersey Industries	CONVERTIBLE PREFERRED STOCK	838518116	1,211,298	33,159	SH		OTR	SOLE	33,159	0	0
Southern Co	CONVERTIBLE PREFERRED STOCK	842587602	1,849,568	36,188	SH		OTR	SOLE	36,188	0	0
Stanley Black & Decker	CONVERTIBLE PREFERRED STOCK	854502846	3,254,586	29,416	SH		OTR	SOLE	29,416	0	0
Wells Fargo & Company PFD	CONVERTIBLE PREFERRED STOCK	949746804	3,558,711	2,369	SH		OTR	SOLE	2,369	0	0
FRANKLIN FTSE JAPAN ETF	EXCHANGE TRADED FUND	35473P744	244,403	8,222	SH		OTR	SOLE	8,222	0	0
Franklin FTSE United Kingdon ETF	EXCHANGE TRADED FUND	35473P678	227,253	10,051	SH		OTR	SOLE	10,051	0	0
Harvest CSI 300 China A-Shares ETF	EXCHANGE TRADED FUND	233051879	266,952	6,760	SH		OTR	SOLE	6,760	0	0
Innovator S&P Inv Grade Preferred ETF	EXCHANGE TRADED FUND	45783G201	2,312,787	93,711	SH		OTR	SOLE	93,711	0	0
Invesco Bulletshares 2021 Corp Bond ETF	EXCHANGE TRADED FUND	46138j700	93,536	4,410	SH		OTR	SOLE	4,410	0	0
Invesco BulletShares 2022 Corp Bond ETF	EXCHANGE TRADED FUND	46138j882	95,700	4,400	SH		OTR	SOLE	4,400	0	0
Invesco BulletShares 2023 Corp Bond ETF	EXCHANGE TRADED FUND	46138j866	97,674	4,460	SH		OTR	SOLE	4,460	0	0
Invesco BulletShares 2024 Corp Bond ETF	EXCHANGE TRADED FUND	46138j841	74,558	3,330	SH		OTR	SOLE	3,330	0	0
Invesco BulletShares 2025 Corp Bond ETF	EXCHANGE TRADED FUND	46138j825	152,685	6,750	SH		OTR	SOLE	6,750	0	0
Invesco QQQ NASDAQ 100	EXCHANGE TRADED FUND	46090e103	239,735	766	SH		OTR	SOLE	766	0	0
Invesco Senior Loan ETF	EXCHANGE TRADED FUND	46138G508	635,949	28,582	SH		OTR	SOLE	28,582	0	0
Invesco Ultra Short Duration ETF	EXCHANGE TRADED FUND	46090A887	71,845	1,421	SH		OTR	SOLE	1,421	0	0
iShares 0-5 Year Investment Grade Corporate Bond	EXCHANGE TRADED FUND	46434V100	3,630,092	69,542	SH		OTR	SOLE	69,542	0	0
iShares 1-3 Year Credit Bond	EXCHANGE TRADED FUND	464288646	3,539,416	64,178	SH		OTR	SOLE	64,178	0	0
iShares Convertible Bond ETF	EXCHANGE TRADED FUND	46435G102	727,622	7,509	SH		OTR	SOLE	7,509	0	0
iShares Floating Rate Bond ETF	EXCHANGE TRADED FUND	46429B655	2,852,547	56,230	SH		OTR	SOLE	56,230	0	0
iShares iBoxx Investment Grade	EXCHANGE TRADED FUND	464287242	937,146	6,786	SH		OTR	SOLE	6,786	0	0
iShares Interest Rate Hedged Long-Term Corporate	EXCHANGE TRADED FUND	46431W812	203,383	8,150	SH		OTR	SOLE	8,150	0	0
iShares Lehman 20 plus Tr	EXCHANGE TRADED FUND	464287432	669,847	4,253	SH		OTR	SOLE	4,253	0	0
iShares MBS ETF	EXCHANGE TRADED FUND	464288588	1,207,245	10,963	SH		OTR	SOLE	10,963	0	0
iShares MSCI Canada ETF	EXCHANGE TRADED FUND	464286509	236,756	7,625	SH		OTR	SOLE	7,625	0	0
ISHARES MSCI FRANCE ETF	EXCHANGE TRADED FUND	464286707	244,262	7,246	SH		OTR	SOLE	7,246	0	0
iShares MSCI Germany Index	EXCHANGE TRADED FUND	464286806	235,613	7,324	SH		OTR	SOLE	7,324	0	0
ISHARES MSCI TAIWAN CAPPED ETF	EXCHANGE TRADED FUND	46434g772	256,522	4,811	SH		OTR	SOLE	4,811	0	0
iShares S&P 500 Growth Index Fund	EXCHANGE TRADED FUND	464287309	680,306	10,700	SH		OTR	SOLE	10,700	0	0
iShares S&P 500 Value	EXCHANGE TRADED FUND	464287408	549,358	4,326	SH		OTR	SOLE	4,326	0	0
iShares Short Maturity Bond ETF	EXCHANGE TRADED FUND	46431W507	1,360,770	27,134	SH		OTR	SOLE	27,134	0	0
SPDR Barclays Convertible Securities ETF	EXCHANGE TRADED FUND	78464A359	271,930	3,283	SH		OTR	SOLE	3,283	0	0
SPDR S&P 500 ETF	EXCHANGE TRADED FUND	78462f103	235,841	634	SH		OTR	SOLE	634	0	0
Sprott Physical Gold Trust	EXCHANGE TRADED FUND	85207h104	36,502	2,440	SH		OTR	SOLE	2,440	0	0
VanEck Vectors Investment Grade Floating Rate Bo	EXCHANGE TRADED FUND	92189F486	182,214	7,205	SH		OTR	SOLE	7,205	0	0
Vanguard Short-Term Corporate Bond ETF	EXCHANGE TRADED FUND	92206C409	182,567	2,193	SH		OTR	SOLE	2,193	0	0
AB Concentrated International Growth	MUTUAL FUND	01878t475	17,241	1,194	SH		OTR	SOLE	1,194	0	0
Calamos Growth Fund	MUTUAL FUND	128119302	6,152	165	SH		OTR	SOLE	165	0	0
Franklin Income Fund	MUTUAL FUND	353496300	3,805	1,661	SH		OTR	SOLE	1,661	0	0
Gateway Fund	MUTUAL FUND	367829207	2,895	78	SH		OTR	SOLE	78	0	0
mfus03463k406	MUTUAL FUND	03463k406	21	2	SH		OTR	SOLE	2	0	0
New World Fund	MUTUAL FUND	649280104	5,808	66	SH		OTR	SOLE	66	0	0
Schwab Fundamental US Large Co Index Fund	MUTUAL FUND	808509442	202,096	11,116	SH		OTR	SOLE	11,116	0	0
Seafarer Overseas Growth & Income Fund	MUTUAL FUND	317609295	37,193	2,528	SH		OTR	SOLE	2,528	0	0
Stone Ridge Alternative Lending Risk Premium Fun	MUTUAL FUND	86172r101	5,137	96	SH		OTR	SOLE	96	0	0
Stone Ridge High Yield Reinsurance Risk Premium	MUTUAL FUND	861728400	21,704	2,387	SH		OTR	SOLE	2,387	0	0
T Rowe Price Global Multi-Sector Bond Fund	MUTUAL FUND	87282m107	1,127,672	94,287	SH		OTR	SOLE	94,287	0	0
TW Rowe Price Blue Chip	MUTUAL FUND	77954Q106	327,661	1,985	SH		OTR	SOLE	1,985	0	0
VanEck International Investors Gold Fund	MUTUAL FUND	921075420	44,977	2,574	SH		OTR	SOLE	2,574	0	0
Versus Capital MultiMgr Real Estate Fd	MUTUAL FUND	92532p207	1,649	60	SH		OTR	SOLE	60	0	0
Victory Incore Low Duration Bond Fund	MUTUAL FUND	92647k366	498,594	48,881	SH		OTR	SOLE	48,881	0	0
WCM Focused International Growth Fund	MUTUAL FUND	461418444	78,744	3,171	SH		OTR	SOLE	3,171	0	0
WESTERN ASSET CORE PLUS BOND C	MUTUAL FUND	957663503	54,233	4,324	SH		OTR	SOLE	4,324	0	0
Brunswick Corp	PREFERRED STOCK	117043406	271,941	10,057	SH		OTR	SOLE	10,057	0	0
Chsin 6.75 Perp 24 Pref Series 3	PREFERRED STOCK	12542r704	83,070	3,000	SH		OTR	SOLE	3,000	0	0
Citigroup Inc	PREFERRED STOCK	172967358	258,840	9,169	SH		OTR	SOLE	9,169	0	0
Citizens Financial Group	PREFERRED STOCK	174610204	290,292	10,017	SH		OTR	SOLE	10,017	0	0
CoBank ACB	PREFERRED STOCK	19075q870	63,468	615	SH		OTR	SOLE	615	0	0
Digital Realty Trust	PREFERRED STOCK	253868848	265,037	10,349	SH		OTR	SOLE	10,349	0	0
Du Pont E I De N Pfd	PREFERRED STOCK	263534307	115,000	1,000	SH		OTR	SOLE	1,000	0	0
Goldman Sachs Group Inc	PREFERRED STOCK	38144G804	64,531	2,572	SH		OTR	SOLE	2,572	0	0
Morgan Stanley PFD Perpetual	PREFERRED STOCK	61763E207	272,916	9,576	SH		OTR	SOLE	9,576	0	0
Nustar Logistics LP	PREFERRED STOCK	67059T204	221,260	10,427	SH		OTR	SOLE	10,427	0	0
PUBLIC STORAGE 5.60 DEPSHS RP H	PREFERRED STOCK	74460w644	269,013	9,302	SH		OTR	SOLE	9,302	0	0
Wells Fargo & Co	PREFERRED STOCK	949746556	111,922	4,170	SH		OTR	SOLE	4,170	0	0
Wesco International Inc	PREFERRED STOCK	95082P303	291,311	9,379	SH		OTR	SOLE	9,379	0	0
wtus674599162	WARRANTS	674599162	1,260	184	SH		OTR	SOLE	184	0	0