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
adidas ag adr	AMERICAN DEPOSITARY RECEIPT	00687a107	259,997	1,392	SH		OTR	SOLE	1,392	0	0
aia group ltd sp adr	AMERICAN DEPOSITARY RECEIPT	001317205	190,018	3,821	SH		OTR	SOLE	3,821	0	0
alibaba group holding ltd sp ads	AMERICAN DEPOSITARY RECEIPT	01609w102	157,612	695	SH		OTR	SOLE	695	0	0
alstom sa adr	AMERICAN DEPOSITARY RECEIPT	021244207	175,554	34,971	SH		OTR	SOLE	34,971	0	0
ashtead group plc unsponsored adr	AMERICAN DEPOSITARY RECEIPT	045055100	288,078	967	SH		OTR	SOLE	967	0	0
asml holding nv ny registry	AMERICAN DEPOSITARY RECEIPT	n07059210	321,240	465	SH		OTR	SOLE	465	0	0
bhp group ltd sp ads	AMERICAN DEPOSITARY RECEIPT	088606108	1,092,741	15,004	SH		OTR	SOLE	15,004	0	0
capgemini s e unsponsored adr	AMERICAN DEPOSITARY RECEIPT	13961r100	274,401	7,144	SH		OTR	SOLE	7,144	0	0
daikin industries ltd unsponsored ads	AMERICAN DEPOSITARY RECEIPT	23381b106	133,095	7,148	SH		OTR	SOLE	7,148	0	0
fanuc corporation adr	AMERICAN DEPOSITARY RECEIPT	307305102	179,966	7,508	SH		OTR	SOLE	7,508	0	0
fast retailing co ltd unsponsord adr	AMERICAN DEPOSITARY RECEIPT	31188h101	169,350	2,255	SH		OTR	SOLE	2,255	0	0
genmab as sp ads	AMERICAN DEPOSITARY RECEIPT	372303206	235,752	5,774	SH		OTR	SOLE	5,774	0	0
hdfc bank ltd sp ads	AMERICAN DEPOSITARY RECEIPT	40415f101	164,008	2,243	SH		OTR	SOLE	2,243	0	0
kerry group plc sp adr	AMERICAN DEPOSITARY RECEIPT	492460100	112,136	796	SH		OTR	SOLE	796	0	0
kion group ag adr	AMERICAN DEPOSITARY RECEIPT	497216101	177,985	6,673	SH		OTR	SOLE	6,673	0	0
koninklijke philips nv ny reg shs new	AMERICAN DEPOSITARY RECEIPT	500472303	207,646	4,178	SH		OTR	SOLE	4,178	0	0
kose corp unsponsord adr	AMERICAN DEPOSITARY RECEIPT	500679105	158,566	5,010	SH		OTR	SOLE	5,010	0	0
london stock exchange group unsponsored adr	AMERICAN DEPOSITARY RECEIPT	54211n101	131,516	4,697	SH		OTR	SOLE	4,697	0	0
lonza group ag unsponsored adr	AMERICAN DEPOSITARY RECEIPT	54338v101	257,970	3,638	SH		OTR	SOLE	3,638	0	0
lvmh moet hennessy louis vuitton adr	AMERICAN DEPOSITARY RECEIPT	502441306	233,070	1,477	SH		OTR	SOLE	1,477	0	0
murata mfg co ltd unsponsored adr	AMERICAN DEPOSITARY RECEIPT	626425102	194,335	10,164	SH		OTR	SOLE	10,164	0	0
nestle sa sp adr	AMERICAN DEPOSITARY RECEIPT	641069406	238,877	1,915	SH		OTR	SOLE	1,915	0	0
nidec corp sp adr	AMERICAN DEPOSITARY RECEIPT	654090109	253,713	8,779	SH		OTR	SOLE	8,779	0	0
nio inc spon ads	AMERICAN DEPOSITARY RECEIPT	62914v106	5,320	100	SH		OTR	SOLE	100	0	0
prosus nv sp adr	AMERICAN DEPOSITARY RECEIPT	74365p108	197,568	10,080	SH		OTR	SOLE	10,080	0	0
recruit holdings co ltd unsponsord adr	AMERICAN DEPOSITARY RECEIPT	75629j101	195,994	19,903	SH		OTR	SOLE	19,903	0	0
sap se sp adr	AMERICAN DEPOSITARY RECEIPT	803054204	174,170	1,240	SH		OTR	SOLE	1,240	0	0
sika ag unsponsord adr	AMERICAN DEPOSITARY RECEIPT	82674r103	154,590	4,716	SH		OTR	SOLE	4,716	0	0
taiwan semiconductor mfg ltd sp ads	AMERICAN DEPOSITARY RECEIPT	874039100	501,307	4,172	SH		OTR	SOLE	4,172	0	0
treasury wine estates ltd sp adr	AMERICAN DEPOSITARY RECEIPT	89465j109	144,947	16,434	SH		OTR	SOLE	16,434	0	0
unilever plc sp adr new	AMERICAN DEPOSITARY RECEIPT	904767704	60,781	1,039	SH		OTR	SOLE	1,039	0	0
yum china holdings inc	AMERICAN DEPOSITARY RECEIPT	98850p109	192,456	2,905	SH		OTR	SOLE	2,905	0	0
3m co	COMMON STOCKS	88579y101	1,283,944	6,464	SH		OTR	SOLE	6,464	0	0
abbvie inc	COMMON STOCKS	00287y109	2,990,028	26,545	SH		OTR	SOLE	26,545	0	0
adobe systems incorporated	COMMON STOCKS	00724f101	1,132,627	1,934	SH		OTR	SOLE	1,934	0	0
alphabet inc cap stock cl a	COMMON STOCKS	02079k305	869,277	356	SH		OTR	SOLE	356	0	0
amazon.com inc	COMMON STOCKS	023135106	1,537,751	447	SH		OTR	SOLE	447	0	0
american express co	COMMON STOCKS	025816109	917,026	5,550	SH		OTR	SOLE	5,550	0	0
amgen inc	COMMON STOCKS	031162100	811,687	3,330	SH		OTR	SOLE	3,330	0	0
amphenol corp cl a	COMMON STOCKS	032095101	230,268	3,366	SH		OTR	SOLE	3,366	0	0
apple inc	COMMON STOCKS	037833100	1,606,814	11,732	SH		OTR	SOLE	11,732	0	0
ares capital corp	COMMON STOCKS	04010l103	74,990	3,828	SH		OTR	SOLE	3,828	0	0
arista networks inc	COMMON STOCKS	040413106	277,891	767	SH		OTR	SOLE	767	0	0
at&t inc	COMMON STOCKS	00206r102	53,703	1,866	SH		OTR	SOLE	1,866	0	0
autonation inc	COMMON STOCKS	05329w102	358,666	3,783	SH		OTR	SOLE	3,783	0	0
bank new york mellon corp	COMMON STOCKS	064058100	724,955	14,151	SH		OTR	SOLE	14,151	0	0
bce inc new	COMMON STOCKS	05534b760	63,770	1,293	SH		OTR	SOLE	1,293	0	0
berkshire hathaway inc cl b new	COMMON STOCKS	084670702	111,723	402	SH		OTR	SOLE	402	0	0
bjs whsl club holdings inc	COMMON STOCKS	05550j101	233,760	4,913	SH		OTR	SOLE	4,913	0	0
blackrock inc	COMMON STOCKS	09247x101	2,218,198	2,535	SH		OTR	SOLE	2,535	0	0
borgwarner inc	COMMON STOCKS	099724106	264,979	5,459	SH		OTR	SOLE	5,459	0	0
broadcom inc	COMMON STOCKS	11135f101	2,782,361	5,835	SH		OTR	SOLE	5,835	0	0
caterpillar inc	COMMON STOCKS	149123101	294,018	1,351	SH		OTR	SOLE	1,351	0	0
charter communications inc cl a	COMMON STOCKS	16119p108	233,749	324	SH		OTR	SOLE	324	0	0
chevron corp	COMMON STOCKS	166764100	1,930,602	18,432	SH		OTR	SOLE	18,432	0	0
chipotle mexican grill inc	COMMON STOCKS	169656105	2,382,872	1,537	SH		OTR	SOLE	1,537	0	0
chubb limited	COMMON STOCKS	h1467j104	251,125	1,580	SH		OTR	SOLE	1,580	0	0
cisco systems inc	COMMON STOCKS	17275r102	1,643,954	31,018	SH		OTR	SOLE	31,018	0	0
coca-cola co	COMMON STOCKS	191216100	1,538,130	28,426	SH		OTR	SOLE	28,426	0	0
comcast corp cl a	COMMON STOCKS	20030n101	2,368,382	41,536	SH		OTR	SOLE	41,536	0	0
corning inc	COMMON STOCKS	219350105	1,227,736	30,018	SH		OTR	SOLE	30,018	0	0
costco wholesale corp	COMMON STOCKS	22160k105	639,402	1,616	SH		OTR	SOLE	1,616	0	0
cvs health corp	COMMON STOCKS	126650100	1,809,396	21,685	SH		OTR	SOLE	21,685	0	0
diamondback energy inc	COMMON STOCKS	25278x109	756,753	8,060	SH		OTR	SOLE	8,060	0	0
discover financial services	COMMON STOCKS	254709108	323,878	2,738	SH		OTR	SOLE	2,738	0	0
discovery inc ser c	COMMON STOCKS	25470f302	374,595	12,926	SH		OTR	SOLE	12,926	0	0
disney walt co	COMMON STOCKS	254687106	1,652,765	9,403	SH		OTR	SOLE	9,403	0	0
Dollar General Corp.	COMMON STOCKS	256677105	4,327	20	SH		OTR	SOLE	20	0	0
dollar tree inc	COMMON STOCKS	256746108	473,023	4,754	SH		OTR	SOLE	4,754	0	0
dominion energy inc	COMMON STOCKS	25746u109	253,080	3,440	SH		OTR	SOLE	3,440	0	0
duke energy corp new	COMMON STOCKS	26441c204	1,974	20	SH		OTR	SOLE	20	0	0
eaton corp plc	COMMON STOCKS	g29183103	64,754	437	SH		OTR	SOLE	437	0	0
ecolab inc	COMMON STOCKS	278865100	456,635	2,217	SH		OTR	SOLE	2,217	0	0
enbridge inc	COMMON STOCKS	29250n105	74,794	1,868	SH		OTR	SOLE	1,868	0	0
eog resources inc	COMMON STOCKS	26875p101	1,130,528	13,549	SH		OTR	SOLE	13,549	0	0
eurofins scientific se ord	COMMON STOCKS	l31839134	4,104	35	SH		OTR	SOLE	35	0	0
exelixis inc	COMMON STOCKS	30161q104	200,110	10,983	SH		OTR	SOLE	10,983	0	0
facebook inc cl a	COMMON STOCKS	30303m102	890,485	2,561	SH		OTR	SOLE	2,561	0	0
facedrive inc	COMMON STOCKS	30311w100	1,174	100	SH		OTR	SOLE	100	0	0
fastenal co	COMMON STOCKS	311900104	256,048	4,924	SH		OTR	SOLE	4,924	0	0
fedex corp	COMMON STOCKS	31428x106	2,163,269	7,251	SH		OTR	SOLE	7,251	0	0
fisker inc cl a stock	COMMON STOCKS	33813j106	3,856	200	SH		OTR	SOLE	200	0	0
fortinet inc	COMMON STOCKS	34959e109	1,178,564	4,948	SH		OTR	SOLE	4,948	0	0
fox corp cl a	COMMON STOCKS	35137l105	493,123	13,281	SH		OTR	SOLE	13,281	0	0
freeport-mcmoran inc cl b	COMMON STOCKS	35671d857	359,224	9,680	SH		OTR	SOLE	9,680	0	0
gilead sciences inc	COMMON STOCKS	375558103	359,586	5,222	SH		OTR	SOLE	5,222	0	0
goldman sachs group inc	COMMON STOCKS	38141g104	4,027,743	10,612	SH		OTR	SOLE	10,612	0	0
hershey co	COMMON STOCKS	427866108	271,546	1,559	SH		OTR	SOLE	1,559	0	0
hgr liquidating trust	COMMON STOCKS	per430110	30,841	14,756	SH		OTR	SOLE	14,756	0	0
home depot inc	COMMON STOCKS	437076102	3,438,271	10,782	SH		OTR	SOLE	10,782	0	0
honeywell intl inc	COMMON STOCKS	438516106	1,879,829	8,570	SH		OTR	SOLE	8,570	0	0
hormel foods corp	COMMON STOCKS	440452100	522,719	10,947	SH		OTR	SOLE	10,947	0	0
ii-vi inc	COMMON STOCKS	902104108	823,969	11,351	SH		OTR	SOLE	11,351	0	0
illinois tool works inc	COMMON STOCKS	452308109	1,462,529	6,542	SH		OTR	SOLE	6,542	0	0
intel corp	COMMON STOCKS	458140100	1,501,183	26,740	SH		OTR	SOLE	26,740	0	0
interpublic group cos inc	COMMON STOCKS	460690100	318,694	9,809	SH		OTR	SOLE	9,809	0	0
jacobs engineering group inc	COMMON STOCKS	469814107	809,725	6,069	SH		OTR	SOLE	6,069	0	0
johnson & johnson	COMMON STOCKS	478160104	3,808,288	23,116	SH		OTR	SOLE	23,116	0	0
jpmorgan chase & co	COMMON STOCKS	46625h100	2,734,548	17,581	SH		OTR	SOLE	17,581	0	0
kimberly-clark corp	COMMON STOCKS	494368103	419,801	3,138	SH		OTR	SOLE	3,138	0	0
kinder morgan inc	COMMON STOCKS	49456b101	16,990	932	SH		OTR	SOLE	932	0	0
l3harris technologies inc	COMMON STOCKS	502431109	297,206	1,375	SH		OTR	SOLE	1,375	0	0
lam research corp	COMMON STOCKS	512807108	3,836,614	5,896	SH		OTR	SOLE	5,896	0	0
lincoln natl corp ind	COMMON STOCKS	534187109	445,598	7,091	SH		OTR	SOLE	7,091	0	0
littelfuse inc	COMMON STOCKS	537008104	216,826	851	SH		OTR	SOLE	851	0	0
lockheed martin corp	COMMON STOCKS	539830109	63,562	168	SH		OTR	SOLE	168	0	0
lowes cos inc	COMMON STOCKS	548661107	684,132	3,527	SH		OTR	SOLE	3,527	0	0
lumentum holdings inc	COMMON STOCKS	55024u109	322,377	3,930	SH		OTR	SOLE	3,930	0	0
lyondellbasell industries nv - a -	COMMON STOCKS	n53745100	293,282	2,851	SH		OTR	SOLE	2,851	0	0
mcdonalds corp	COMMON STOCKS	580135101	1,856,466	8,037	SH		OTR	SOLE	8,037	0	0
medtronic plc	COMMON STOCKS	g5960l103	3,062,997	24,675	SH		OTR	SOLE	24,675	0	0
microsoft corp	COMMON STOCKS	594918104	4,149,712	15,318	SH		OTR	SOLE	15,318	0	0
morgan stanley	COMMON STOCKS	617446448	83,529	911	SH		OTR	SOLE	911	0	0
oracle corp	COMMON STOCKS	68389x105	488,212	6,272	SH		OTR	SOLE	6,272	0	0
oreilly automotive inc	COMMON STOCKS	67103h107	890,648	1,573	SH		OTR	SOLE	1,573	0	0
palo alto networks inc	COMMON STOCKS	697435105	1,733,545	4,672	SH		OTR	SOLE	4,672	0	0
philip morris intl inc	COMMON STOCKS	718172109	78,098	788	SH		OTR	SOLE	788	0	0
phillips 66	COMMON STOCKS	718546104	463,599	5,402	SH		OTR	SOLE	5,402	0	0
pinnacle west cap corp	COMMON STOCKS	723484101	60,493	738	SH		OTR	SOLE	738	0	0
pnc financial services group inc	COMMON STOCKS	693475105	1,543,057	8,089	SH		OTR	SOLE	8,089	0	0
price t rowe group inc	COMMON STOCKS	74144t108	1,242,063	6,274	SH		OTR	SOLE	6,274	0	0
procter and gamble co	COMMON STOCKS	742718109	817,675	6,060	SH		OTR	SOLE	6,060	0	0
prudential financial inc	COMMON STOCKS	744320102	72,753	710	SH		OTR	SOLE	710	0	0
pulte group inc	COMMON STOCKS	745867101	556,068	10,190	SH		OTR	SOLE	10,190	0	0
qualcomm inc	COMMON STOCKS	747525103	69,035	483	SH		OTR	SOLE	483	0	0
raytheon technologies corp	COMMON STOCKS	75513e101	1,325,802	15,541	SH		OTR	SOLE	15,541	0	0
recruit holdings co ltd stock	COMMON STOCKS	j6433a101	5,673	115	SH		OTR	SOLE	115	0	0
regeneron pharmaceuticals	COMMON STOCKS	75886f107	947,283	1,696	SH		OTR	SOLE	1,696	0	0
roku inc cl a	COMMON STOCKS	77543r102	754,088	1,642	SH		OTR	SOLE	1,642	0	0
salesforce.com inc	COMMON STOCKS	79466l302	1,735,294	7,104	SH		OTR	SOLE	7,104	0	0
servicenow inc	COMMON STOCKS	81762p102	1,959,145	3,565	SH		OTR	SOLE	3,565	0	0
snap on inc	COMMON STOCKS	833034101	58,315	261	SH		OTR	SOLE	261	0	0
southwest airlines co	COMMON STOCKS	844741108	234,657	4,420	SH		OTR	SOLE	4,420	0	0
square inc cl a	COMMON STOCKS	852234103	973,493	3,993	SH		OTR	SOLE	3,993	0	0
starbucks corp	COMMON STOCKS	855244109	3,832,511	34,277	SH		OTR	SOLE	34,277	0	0
steel dynamics inc	COMMON STOCKS	858119100	314,211	5,272	SH		OTR	SOLE	5,272	0	0
stryker corporation	COMMON STOCKS	863667101	262,327	1,010	SH		OTR	SOLE	1,010	0	0
target corp	COMMON STOCKS	87612e106	2,024,572	8,375	SH		OTR	SOLE	8,375	0	0
tesla inc	COMMON STOCKS	88160r101	34,664	51	SH		OTR	SOLE	51	0	0
texas instruments inc	COMMON STOCKS	882508104	3,912,535	20,346	SH		OTR	SOLE	20,346	0	0
tjx cos inc	COMMON STOCKS	872540109	255,049	3,783	SH		OTR	SOLE	3,783	0	0
tyson foods inc cl a	COMMON STOCKS	902494103	72,432	982	SH		OTR	SOLE	982	0	0
united parcel service inc cl b	COMMON STOCKS	911312106	2,188,052	10,521	SH		OTR	SOLE	10,521	0	0
unitedhealth group inc	COMMON STOCKS	91324p102	518,970	1,296	SH		OTR	SOLE	1,296	0	0
wal-mart inc	COMMON STOCKS	931142103	2,991,401	21,212	SH		OTR	SOLE	21,212	0	0
xylem inc	COMMON STOCKS	98419m100	561,772	4,683	SH		OTR	SOLE	4,683	0	0
zebra technologies corporation cl a	COMMON STOCKS	989207105	363,759	687	SH		OTR	SOLE	687	0	0
akamai technologies inc	CONVERTIBLE BOND	00971tal5	3,332,856	2,867	SH		OTR	SOLE	2,867	0	0
ares capital corp	CONVERTIBLE BOND	04010law3	3,179,098	2,826	SH		OTR	SOLE	2,826	0	0
blackrock tcp capital corp	CONVERTIBLE BOND	87238qad5	1,522,560	1,446	SH		OTR	SOLE	1,446	0	0
booking holdings inc	CONVERTIBLE BOND	09857lan8	2,497,200	1,761	SH		OTR	SOLE	1,761	0	0
deutsche bank ag	CONVERTIBLE BOND	25155mkm2	3,422,023	3,157	SH		OTR	SOLE	3,157	0	0
fortive corp	CONVERTIBLE BOND	34959jak4	3,403,976	3,371	SH		OTR	SOLE	3,371	0	0
fti consulting inc	CONVERTIBLE BOND	302941ap4	2,316,459	1,602	SH		OTR	SOLE	1,602	0	0
hannon armstrong sust infr cap	CONVERTIBLE BOND	41068xab6	4,966,576	2,374	SH		OTR	SOLE	2,374	0	0
hercules capital inc	CONVERTIBLE BOND	427096af9	2,677,034	2,440	SH		OTR	SOLE	2,440	0	0
illumina inc	CONVERTIBLE BOND	452327ak5	2,482,787	1,957	SH		OTR	SOLE	1,957	0	0
lumentum holdings inc	CONVERTIBLE BOND	55024uad1	1,407,962	1,298	SH		OTR	SOLE	1,298	0	0
new mountain finance corp	CONVERTIBLE BOND	647551ac4	2,852,450	2,569	SH		OTR	SOLE	2,569	0	0
on semiconductor corp	CONVERTIBLE BOND	682189ap0	3,363,097	1,760	SH		OTR	SOLE	1,760	0	0
palo alto networks inc	CONVERTIBLE BOND	697435ad7	2,215,878	1,511	SH		OTR	SOLE	1,511	0	0
pioneer natural resources co	CONVERTIBLE BOND	723787ap2	2,780,252	1,738	SH		OTR	SOLE	1,738	0	0
sixth street specialty lendnin	CONVERTIBLE BOND	87265kad4	3,350,845	2,790	SH		OTR	SOLE	2,790	0	0
southwest airlines co	CONVERTIBLE BOND	844741bg2	3,614,213	2,380	SH		OTR	SOLE	2,380	0	0
splunk inc	CONVERTIBLE BOND	848637ad6	2,059,500	1,675	SH		OTR	SOLE	1,675	0	0
synaptics inc	CONVERTIBLE BOND	87157dad1	3,596,423	1,703	SH		OTR	SOLE	1,703	0	0
twitter inc	CONVERTIBLE BOND	90184laf9	1,868,768	1,358	SH		OTR	SOLE	1,358	0	0
western digital corp	CONVERTIBLE BOND	958102ap0	3,645,287	3,371	SH		OTR	SOLE	3,371	0	0
Winnebago 1.500 percent 04/01/25	CONVERTIBLE BOND	974637ab6	1,963,788	1,521	SH		OTR	SOLE	1,521	0	0
aes corp 02/15/24	CONVERTIBLE PREFERRED STOCK	00130h204	1,306,804	12,285	SH		OTR	SOLE	12,285	0	0
american electric power co inc unit 08/15/23	CONVERTIBLE PREFERRED STOCK	02557t307	911,412	18,000	SH		OTR	SOLE	18,000	0	0
amg capital tr ii 5.15 conv pfd	CONVERTIBLE PREFERRED STOCK	00170f209	1,990,026	33,908	SH		OTR	SOLE	33,908	0	0
becton dickinson & co 6 percent dp conv pfd b	CONVERTIBLE PREFERRED STOCK	075887406	2,965,418	54,760	SH		OTR	SOLE	54,760	0	0
boston scientific corp 5.50 percent conv pfd a	CONVERTIBLE PREFERRED STOCK	101137206	3,624,796	31,358	SH		OTR	SOLE	31,358	0	0
broadcom inc 8 percent mcnv pfd sr a	CONVERTIBLE PREFERRED STOCK	11135f200	4,373,974	2,895	SH		OTR	SOLE	2,895	0	0
bunge limited 4.875 percent conv pfd	CONVERTIBLE PREFERRED STOCK	g16962204	2,093,347	18,069	SH		OTR	SOLE	18,069	0	0
centerpoint energy income dep rp conv pfd b	CONVERTIBLE PREFERRED STOCK	15189t503	2,770,627	61,312	SH		OTR	SOLE	61,312	0	0
danaher corporation 4.75 mnd conv pfd	CONVERTIBLE PREFERRED STOCK	235851300	6,424,698	3,566	SH		OTR	SOLE	3,566	0	0
dominion energy inc unit 06/01/22	CONVERTIBLE PREFERRED STOCK	25746u133	3,898,495	39,877	SH		OTR	SOLE	39,877	0	0
dte energy co unit 11/01/22	CONVERTIBLE PREFERRED STOCK	233331842	2,519,431	51,234	SH		OTR	SOLE	51,234	0	0
ii-vi inc 6 percent conv pfd a	CONVERTIBLE PREFERRED STOCK	902104306	3,134,214	10,405	SH		OTR	SOLE	10,405	0	0
international flavors & fragrances unit 09/15/21	CONVERTIBLE PREFERRED STOCK	459506309	2,186,456	42,756	SH		OTR	SOLE	42,756	0	0
kkr & co inc 6 percent mconv pfd c	CONVERTIBLE PREFERRED STOCK	48251w401	3,166,055	41,116	SH		OTR	SOLE	41,116	0	0
southern co unit 08/01/22	CONVERTIBLE PREFERRED STOCK	842587602	2,819,773	55,999	SH		OTR	SOLE	55,999	0	0
stanley black & decker inc unit 11/15/22	CONVERTIBLE PREFERRED STOCK	854502846	3,141,636	26,022	SH		OTR	SOLE	26,022	0	0
viacomcbs inc 5.75 percent conv pfd a	CONVERTIBLE PREFERRED STOCK	92556h305	1,691,108	23,095	SH		OTR	SOLE	23,095	0	0
wells fargo co perp conv pfd a	CONVERTIBLE PREFERRED STOCK	949746804	3,455,304	2,308	SH		OTR	SOLE	2,308	0	0
3m co	CORPORATE BOND	88579yaf8	91,645	90	SH		OTR	SOLE	90	0	0
altria group inc	CORPORATE BOND	02209sap8	26,285	25	SH		OTR	SOLE	25	0	0
american express co	CORPORATE BOND	025816bd0	155,539	150	SH		OTR	SOLE	150	0	0
bank new york mellon corp	CORPORATE BOND	06406rag2	32,100	30	SH		OTR	SOLE	30	0	0
bank of america corp	CORPORATE BOND	06051geu9	32,236	30	SH		OTR	SOLE	30	0	0
berkshire hathaway inc	CORPORATE BOND	084670bc1	41,296	40	SH		OTR	SOLE	40	0	0
berkshire hathaway inc	CORPORATE BOND	084670bf4	52,328	50	SH		OTR	SOLE	50	0	0
boeing co	CORPORATE BOND	097023cg8	51,493	50	SH		OTR	SOLE	50	0	0
bristol-myers squibb co	CORPORATE BOND	110122aa6	34,054	30	SH		OTR	SOLE	30	0	0
broadcom corp/broadcom cayman	CORPORATE BOND	11134laf6	110,103	100	SH		OTR	SOLE	100	0	0
cigna corp	CORPORATE BOND	125509ah2	15,139	13	SH		OTR	SOLE	13	0	0
citigroup inc	CORPORATE BOND	172967kv2	153,161	150	SH		OTR	SOLE	150	0	0
deere john capital corp	CORPORATE BOND	24422etl3	51,905	50	SH		OTR	SOLE	50	0	0
eog resources inc	CORPORATE BOND	26875pak7	157,115	150	SH		OTR	SOLE	150	0	0
exxon mobile corp	CORPORATE BOND	607059at9	42,980	40	SH		OTR	SOLE	40	0	0
geico corp	CORPORATE BOND	361582ad1	36,212	30	SH		OTR	SOLE	30	0	0
goldman sachs group inc	CORPORATE BOND	38141er84	33,875	30	SH		OTR	SOLE	30	0	0
goldman sachs group inc	CORPORATE BOND	38141ggq1	31,443	30	SH		OTR	SOLE	30	0	0
johnson & johnson	CORPORATE BOND	478160af1	75,866	65	SH		OTR	SOLE	65	0	0
nextera energy cap holdings inc	CORPORATE BOND	65339kas9	45,877	45	SH		OTR	SOLE	45	0	0
northern trust corp	CORPORATE BOND	665859an4	31,279	30	SH		OTR	SOLE	30	0	0
oracle corp	CORPORATE BOND	68389xbs3	160,881	150	SH		OTR	SOLE	150	0	0
philip morris intl inc	CORPORATE BOND	718172at6	31,320	30	SH		OTR	SOLE	30	0	0
toyota motor credit corp	CORPORATE BOND	89236tfx8	41,222	40	SH		OTR	SOLE	40	0	0
toyota motor credit corp	CORPORATE BOND	89236tgj8	75,946	75	SH		OTR	SOLE	75	0	0
verizon communications inc	CORPORATE BOND	92343vcr3	64,512	59	SH		OTR	SOLE	59	0	0
wells fargo & co	CORPORATE BOND	94974bfc9	31,321	30	SH		OTR	SOLE	30	0	0
wells fargo & co	CORPORATE BOND	95000u2b8	78,602	75	SH		OTR	SOLE	75	0	0
citigroup inc	CORPORATE BOND - VARIABLE RATE	172967lr0	101,011	100	SH		OTR	SOLE	100	0	0
wells fargo & co	CORPORATE BOND - VARIABLE RATE	949746sj1	203,738	200	SH		OTR	SOLE	200	0	0
aberdeen standard physical gold shares etf	EXCHANGE TRADED FUND	00326a104	103,910	6,116	SH		OTR	SOLE	6,116	0	0
aberdeen standard physical palladium shares etf	EXCHANGE TRADED FUND	003262102	316,006	1,217	SH		OTR	SOLE	1,217	0	0
aberdeen standard physical silver shares etf	EXCHANGE TRADED FUND	003264108	104,563	4,151	SH		OTR	SOLE	4,151	0	0
amplify transformational data sharing etf	EXCHANGE TRADED FUND	032108607	233,535	4,899	SH		OTR	SOLE	4,899	0	0
ark innovation etf	EXCHANGE TRADED FUND	00214q104	4,315	33	SH		OTR	SOLE	33	0	0
blackrock short maturity bond etf	EXCHANGE TRADED FUND	46431w507	1,210,732	24,135	SH		OTR	SOLE	24,135	0	0
first trust nasdaq retail etf	EXCHANGE TRADED FUND	33738r829	143,456	4,218	SH		OTR	SOLE	4,218	0	0
franklin ftse france etf	EXCHANGE TRADED FUND	35473p793	21,074	682	SH		OTR	SOLE	682	0	0
franklin ftse germany etf	EXCHANGE TRADED FUND	35473p785	20,236	751	SH		OTR	SOLE	751	0	0
franklin ftse japan etf	EXCHANGE TRADED FUND	35473p744	46,999	1,582	SH		OTR	SOLE	1,582	0	0
franklin ftse switzerland etf	EXCHANGE TRADED FUND	35473p694	20,390	612	SH		OTR	SOLE	612	0	0
franklin ftse taiwan etf	EXCHANGE TRADED FUND	35473p686	23,179	518	SH		OTR	SOLE	518	0	0
franklin ftse united kingdom etf	EXCHANGE TRADED FUND	35473p678	49,351	1,994	SH		OTR	SOLE	1,994	0	0
grayscale bitcoin tr btc	EXCHANGE TRADED FUND	389637109	298	10	SH		OTR	SOLE	10	0	0
innovator s&p investment grade preferred etf	EXCHANGE TRADED FUND	45783g201	2,359,464	96,344	SH		OTR	SOLE	96,344	0	0
invesco bulletshares 2024 corporate bond etf	EXCHANGE TRADED FUND	46138j841	50,615	2,281	SH		OTR	SOLE	2,281	0	0
invesco bulletshares 2025 corporate bond etf	EXCHANGE TRADED FUND	46138j825	127,992	5,737	SH		OTR	SOLE	5,737	0	0
invesco s&p 500 equal weight etf	EXCHANGE TRADED FUND	46137v357	43,410	288	SH		OTR	SOLE	288	0	0
invesco senior loan etf	EXCHANGE TRADED FUND	46138g508	1,435,563	64,811	SH		OTR	SOLE	64,811	0	0
ishares 0-5 year investment grade corporate bond	EXCHANGE TRADED FUND	46434v100	3,941,516	76,047	SH		OTR	SOLE	76,047	0	0
ishares 1-5 year investment grade corporate bond	EXCHANGE TRADED FUND	464288646	3,355,797	61,226	SH		OTR	SOLE	61,226	0	0
ishares floating rate bond etf	EXCHANGE TRADED FUND	46429b655	1,808,937	35,595	SH		OTR	SOLE	35,595	0	0
ishares iboxx $ investment grade corporate bond	EXCHANGE TRADED FUND	464287242	968,198	7,206	SH		OTR	SOLE	7,206	0	0
ishares interest rate hedged high yield bond etf	EXCHANGE TRADED FUND	46431w606	1,021,275	11,585	SH		OTR	SOLE	11,585	0	0
ishares interest rate hedged long-term corporate	EXCHANGE TRADED FUND	46431w812	70,374	2,775	SH		OTR	SOLE	2,775	0	0
ishares j.p. morgan em local currency bond etf	EXCHANGE TRADED FUND	464286517	1,196,359	27,408	SH		OTR	SOLE	27,408	0	0
ishares mbs etf	EXCHANGE TRADED FUND	464288588	1,259,905	11,641	SH		OTR	SOLE	11,641	0	0
ishares msci canada etf	EXCHANGE TRADED FUND	464286509	32,909	883	SH		OTR	SOLE	883	0	0
ishares msci chile etf	EXCHANGE TRADED FUND	464286640	16,895	583	SH		OTR	SOLE	583	0	0
ishares msci france etf	EXCHANGE TRADED FUND	464286707	31,756	839	SH		OTR	SOLE	839	0	0
ishares msci germany etf	EXCHANGE TRADED FUND	464286806	29,340	848	SH		OTR	SOLE	848	0	0
ishares msci global gold miners etf	EXCHANGE TRADED FUND	46434g855	226,635	8,097	SH		OTR	SOLE	8,097	0	0
ishares msci global metals & mining producers et	EXCHANGE TRADED FUND	46434g848	245,968	5,446	SH		OTR	SOLE	5,446	0	0
ishares msci global silver and metals miners etf	EXCHANGE TRADED FUND	464286327	229,908	14,968	SH		OTR	SOLE	14,968	0	0
ishares msci taiwan etf	EXCHANGE TRADED FUND	46434g772	35,620	557	SH		OTR	SOLE	557	0	0
ishares residential and multisector real estate	EXCHANGE TRADED FUND	464288562	86,496	1,038	SH		OTR	SOLE	1,038	0	0
ishares s&p global clean energy index fund	EXCHANGE TRADED FUND	464288224	232,887	9,927	SH		OTR	SOLE	9,927	0	0
ISHARES TR TIPS BD ETF	EXCHANGE TRADED FUND	464287176	6,528	51	SH		OTR	SOLE	51	0	0
ishares u.s. infrastructure etf	EXCHANGE TRADED FUND	46435u713	238,345	6,752	SH		OTR	SOLE	6,752	0	0
pimco broad u.s. tips index exchange-traded fund	EXCHANGE TRADED FUND	72201r403	70,517	1,073	SH		OTR	SOLE	1,073	0	0
proshares k-1 free crude oil strategy etf	EXCHANGE TRADED FUND	74347g804	114,243	1,850	SH		OTR	SOLE	1,850	0	0
spdr s&p 500 etf	EXCHANGE TRADED FUND	78462f103	31,248	73	SH		OTR	SOLE	73	0	0
united states 12 month natural gas fund, lp	EXCHANGE TRADED FUND	91288x109	130,517	12,821	SH		OTR	SOLE	12,821	0	0
united states copper index fund	EXCHANGE TRADED FUND	911718104	63,581	2,424	SH		OTR	SOLE	2,424	0	0
united states gasoline fund, lp	EXCHANGE TRADED FUND	91201t102	116,903	3,260	SH		OTR	SOLE	3,260	0	0
VanEck Vectors Investment Grade Floating Rate Bo	EXCHANGE TRADED FUND	92189f486	84,566	3,332	SH		OTR	SOLE	3,332	0	0
vaneck vectors vietnam etf	EXCHANGE TRADED FUND	92189f817	22,494	1,082	SH		OTR	SOLE	1,082	0	0
vanguard energy index fund	EXCHANGE TRADED FUND	92204a306	239,129	3,151	SH		OTR	SOLE	3,151	0	0
x-trackers harvest csi 300 china a-shares etf	EXCHANGE TRADED FUND	233051879	69,769	1,721	SH		OTR	SOLE	1,721	0	0
magellan midstream partners lp unit rp lp	MASTER LIMITED PARTNERSHIP	559080106	59,181	1,210	SH		OTR	SOLE	1,210	0	0
aledo tx indpt sch dist	MUNICIPAL BOND	014464qu8	104,705	100	SH		OTR	SOLE	100	0	0
amarillo tx	MUNICIPAL BOND	023015j27	52,201	50	SH		OTR	SOLE	50	0	0
ankeny iowa	MUNICIPAL BOND	0353394z0	25,966	25	SH		OTR	SOLE	25	0	0
austin tx	MUNICIPAL BOND	052397ah9	28,430	25	SH		OTR	SOLE	25	0	0
bulloch county ga dev auth stude	MUNICIPAL BOND	120335am6	109,659	100	SH		OTR	SOLE	100	0	0
california health facs funding auth	MUNICIPAL BOND	13032ufe3	62,356	50	SH		OTR	SOLE	50	0	0
cambridge ma	MUNICIPAL BOND	1322852s5	116,458	100	SH		OTR	SOLE	100	0	0
canadian riv muni wtr auth tx	MUNICIPAL BOND	136542kx4	53,319	50	SH		OTR	SOLE	50	0	0
carroll tx indpt sch dist	MUNICIPAL BOND	145232dy7	44,448	35	SH		OTR	SOLE	35	0	0
carthage tx	MUNICIPAL BOND	146717nh2	25,773	25	SH		OTR	SOLE	25	0	0
citizens property ins corp fl	MUNICIPAL BOND	176553gr0	78,904	75	SH		OTR	SOLE	75	0	0
davenport iowa	MUNICIPAL BOND	238388qd7	28,553	25	SH		OTR	SOLE	25	0	0
harris county tx impt dist no 1	MUNICIPAL BOND	414183fk4	52,566	50	SH		OTR	SOLE	50	0	0
harris county tx wtr ctl & impt	MUNICIPAL BOND	414513kn0	76,580	70	SH		OTR	SOLE	70	0	0
hillsborough county fl sch brd	MUNICIPAL BOND	43232vtl5	50,312	40	SH		OTR	SOLE	40	0	0
hinds county miss	MUNICIPAL BOND	433110my6	40,572	40	SH		OTR	SOLE	40	0	0
indiana fin auth hwy rev	MUNICIPAL BOND	45470rcu8	24,859	20	SH		OTR	SOLE	20	0	0
jacksonville fl trans rev	MUNICIPAL BOND	469495cr4	51,821	50	SH		OTR	SOLE	50	0	0
jasper ala	MUNICIPAL BOND	471250mj6	57,954	50	SH		OTR	SOLE	50	0	0
johnson city tenn energy auth	MUNICIPAL BOND	478270af8	22,076	20	SH		OTR	SOLE	20	0	0
king county wash sch dist no 410	MUNICIPAL BOND	495206nn0	51,553	50	SH		OTR	SOLE	50	0	0
knox-chapman tenn utility dist kn	MUNICIPAL BOND	499291en8	21,418	20	SH		OTR	SOLE	20	0	0
maple wi sch dist	MUNICIPAL BOND	565386ev7	85,846	75	SH		OTR	SOLE	75	0	0
merced ca community college dis	MUNICIPAL BOND	587603fw6	58,843	50	SH		OTR	SOLE	50	0	0
miami beach fl redev agy tax	MUNICIPAL BOND	593237fc9	75,364	65	SH		OTR	SOLE	65	0	0
mississippi dev bank spl oblig	MUNICIPAL BOND	60534tq57	54,221	45	SH		OTR	SOLE	45	0	0
mississippi dev bank spl oblig	MUNICIPAL BOND	60534wy44	41,482	40	SH		OTR	SOLE	40	0	0
mississippi state	MUNICIPAL BOND	605581hs9	30,719	25	SH		OTR	SOLE	25	0	0
northeast higher ed fin corp t	MUNICIPAL BOND	664166aa3	77,497	70	SH		OTR	SOLE	70	0	0
ogden city utah redev agy rev	MUNICIPAL BOND	676292az8	31,358	30	SH		OTR	SOLE	30	0	0
orange county fl tourist dev tax	MUNICIPAL BOND	684545ya8	75,887	70	SH		OTR	SOLE	70	0	0
oxford miss sch dist	MUNICIPAL BOND	691663gz5	20,882	20	SH		OTR	SOLE	20	0	0
park city utah sales tax rev	MUNICIPAL BOND	70024pcc1	26,904	25	SH		OTR	SOLE	25	0	0
port st lucie fl community redev	MUNICIPAL BOND	735357bw4	57,972	50	SH		OTR	SOLE	50	0	0
salt lake city utah sales & ex	MUNICIPAL BOND	79560tch3	61,763	60	SH		OTR	SOLE	60	0	0
san angelo tx	MUNICIPAL BOND	796099xy0	74,722	70	SH		OTR	SOLE	70	0	0
university miss edl building corp	MUNICIPAL BOND	914476sr8	30,874	25	SH		OTR	SOLE	25	0	0
university tx univ revs	MUNICIPAL BOND	91514afe0	208,678	200	SH		OTR	SOLE	200	0	0
wake county nc	MUNICIPAL BOND	930863t54	74,590	70	SH		OTR	SOLE	70	0	0
west county ems & fire protn dis	MUNICIPAL BOND	95235qgl7	54,603	50	SH		OTR	SOLE	50	0	0
west rankin miss utility auth rev	MUNICIPAL BOND	955525bf6	55,838	50	SH		OTR	SOLE	50	0	0
westbrook me	MUNICIPAL BOND	957178qu3	104,870	100	SH		OTR	SOLE	100	0	0
ab cap fund inc concentrat adv	MUTUAL FUND	01878t475	17,937	1,160	SH		OTR	SOLE	1,160	0	0
angel oak funds tr multi str inst	MUTUAL FUND	03463k406	21	2	SH		OTR	SOLE	2	0	0
balanced pool	MUTUAL FUND	808516306	26,372	358	SH		OTR	SOLE	358	0	0
fidelity asset manager 20 percent	MUTUAL FUND	316069400	8,261	558	SH		OTR	SOLE	558	0	0
franklin custodian funds income fund a1	MUTUAL FUND	353496300	4,253	1,701	SH		OTR	SOLE	1,701	0	0
new world fund inc	MUTUAL FUND	649280104	6,396	66	SH		OTR	SOLE	66	0	0
stone ridge tr hiyd reinspr c	MUTUAL FUND	861728400	21,704	2,387	SH		OTR	SOLE	2,387	0	0
comcast corp put option 01/22 30.0 put	PUTS	99QAQNCQJ	3,525	141	SH	Put	OTR	SOLE	141	0	0
spdr s&p 500 etf tr put option 06/21 220.0 put	PUTS	99QASYJ08	2,487	2,487	SH	Put	OTR	SOLE	2,487	0	0
spdr s&p 500 etf tr put option 07/21 210.0 put	PUTS	99QAUNXW4	2,299	2,299	SH	Put	OTR	SOLE	2,299	0	0
crown castle intl corp	REITS - usd	22822v101	77,454	397	SH		OTR	SOLE	397	0	0
equinix inc	REITS - usd	29444u700	548,213	683	SH		OTR	SOLE	683	0	0
kimco realty corp	REITS - usd	49446r109	295,632	14,179	SH		OTR	SOLE	14,179	0	0
Public Storage Inc	REITS - usd	74460d109	1,036,478	3,447	SH		OTR	SOLE	3,447	0	0
regency centers corp	REITS - usd	758849103	359,112	5,605	SH		OTR	SOLE	5,605	0	0
weyerhaeuser co mtn be	REITS - usd	962166104	234,641	6,817	SH		OTR	SOLE	6,817	0	0