Boyd Watterson Asset Management 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	COM	88579Y101	807	4,104	SH		SOLE		4,104	0	0
Abbott Laboratories	COM	002824100	2,358	38,669	SH		SOLE		38,669	0	0
Abbvie Inc	COM	00287Y109	3,537	38,171	SH		SOLE		38,171	0	0
Alibaba Holding Group ADR	COM	01609W102	707	3,810	SH		SOLE		3,810	0	0
Alphabet Inc-CL A	COM	02079K305	3,102	2,747	SH		SOLE		2,747	0	0
Alphabet Inc-CL C	COM	02079K107	922	826	SH		SOLE		826	0	0
Amazon.com Inc	COM	023135106	658	387	SH		SOLE		387	0	0
American Express Co	COM	025816109	2,564	26,165	SH		SOLE		26,165	0	0
Amgen Inc	COM	031162100	715	3,876	SH		SOLE		3,876	0	0
Apple Inc	COM	037833100	3,396	18,348	SH		SOLE		18,348	0	0
AT & T Inc	COM	00206R102	283	8,829	SH		SOLE		8,829	0	0
Bank of America Corp	COM	060505104	223	7,902	SH		SOLE		7,902	0	0
Berkshire Hathaway Cl B	COM	084670702	797	4,269	SH		SOLE		4,269	0	0
BlackRock Inc	COM	09247X101	306	613	SH		SOLE		613	0	0
Boeing Co	COM	097023105	4,752	14,163	SH		SOLE		14,163	0	0
Bristol-Myers Squibb Co	COM	110122108	211	3,811	SH		SOLE		3,811	0	0
Broadcom Inc	COM	11135F101	894	3,684	SH		SOLE		3,684	0	0
Capital One Financial Corp	COM	14040H105	294	3,195	SH		SOLE		3,195	0	0
Caterpillar Inc	COM	149123101	848	6,249	SH		SOLE		6,249	0	0
Chevron Corp	COM	166764100	1,113	8,806	SH		SOLE		8,806	0	0
Chipotle Mexican Grill Inc	COM	169656105	878	2,036	SH		SOLE		2,036	0	0
Chubb Ltd	COM	H1467J104	244	1,920	SH		SOLE		1,920	0	0
Cisco Systems Inc	COM	17275R102	968	22,492	SH		SOLE		22,492	0	0
Citigroup Inc	COM	172967424	814	12,167	SH		SOLE		12,167	0	0
Coca-Cola Co	COM	191216100	1,270	28,964	SH		SOLE		28,964	0	0
Comcast Corp-Class A	COM	20030N101	202	6,153	SH		SOLE		6,153	0	0
Concho Resources Inc	COM	20605P101	559	4,040	SH		SOLE		4,040	0	0
ConocoPhillips	COM	20825C104	561	8,058	SH		SOLE		8,058	0	0
CVS Health Corp	COM	126650100	271	4,208	SH		SOLE		4,208	0	0
D X C Technology Company	COM	23355L106	715	8,870	SH		SOLE		8,870	0	0
DowDupont Inc	COM	26078J100	334	5,061	SH		SOLE		5,061	0	0
Dunkin Brands Group Inc	COM	265504100	230	3,335	SH		SOLE		3,335	0	0
Eaton Corp PLC	COM	G29183103	2,120	28,364	SH		SOLE		28,364	0	0
Edgewell Personal Care Co	COM	28035Q102	720	14,266	SH		SOLE		14,266	0	0
Emerson Electric Co	COM	291011104	219	3,168	SH		SOLE		3,168	0	0
Exelon Corporation	COM	30161N101	312	7,326	SH		SOLE		7,326	0	0
Expedia Group Inc	COM	30212P303	1,468	12,211	SH		SOLE		12,211	0	0
Exxon Mobil Corp	COM	30231G102	1,620	19,583	SH		SOLE		19,583	0	0
Facebook Inc-A	COM	30303M102	756	3,891	SH		SOLE		3,891	0	0
Fastenal Co	COM	311900104	764	15,884	SH		SOLE		15,884	0	0
Ford Motor Company	COM	345370860	258	23,330	SH		SOLE		23,330	0	0
General Electric Corp	COM	369604103	482	35,435	SH		SOLE		35,435	0	0
General Motors Co	COM	37045V100	1,064	27,000	SH		SOLE		27,000	0	0
Hanesbrands Inc	COM	410345102	259	11,782	SH		SOLE		11,782	0	0
Hewlett Packard Enterprise	COM	42824C109	165	11,320	SH		SOLE		11,320	0	0
Home Depot Inc	COM	437076102	407	2,086	SH		SOLE		2,086	0	0
Honeywell International	COM	438516106	2,091	14,516	SH		SOLE		14,516	0	0
HP Inc	COM	40434L105	373	16,429	SH		SOLE		16,429	0	0
IBM Corp	COM	459200101	736	5,268	SH		SOLE		5,268	0	0
Illinois Tool Works	COM	452308109	284	2,053	SH		SOLE		2,053	0	0
Ingersoll-Rand PLC	COM	G47791101	447	4,983	SH		SOLE		4,983	0	0
Intel Corp	COM	458140100	2,680	53,912	SH		SOLE		53,912	0	0
Invesco Senior Loan ETF	COM	46138G508	4,350	189,965	SH		SOLE		189,965	0	0
Invesco Variable Rate Preferred ETF	COM	46138G870	2,197	88,422	SH		SOLE		88,422	0	0
iShares 0-5 Year HY Corp Bond ETF	COM	46434V407	5,373	115,256	SH		SOLE		115,256	0	0
iShares 1-3 Year Credit Bond ETF	COM	464288646	2,612	25,187	SH		SOLE		25,187	0	0
iShares 1-3 Year Treasury Bond ETF	COM	464287457	1,295	15,535	SH		SOLE		15,535	0	0
iShares 20 Year Treasury Bond ETF	COM	464287432	801	6,582	SH		SOLE		6,582	0	0
iShares 7-10 Year Treasury Bond ETF	COM	464287440	460	4,490	SH		SOLE		4,490	0	0
iShares Barclays Agg Bond	COM	464287226	548	5,156	SH		SOLE		5,156	0	0
iShares Core S&P 500 ETF	COM	464287200	768	2,811	SH		SOLE		2,811	0	0
iShares Floating Rate Bond ETF	COM	46429B655	845	16,565	SH		SOLE		16,565	0	0
iShares iBoxx Inv Grade Corp Bd ETF	COM	464287242	5,043	44,014	SH		SOLE		44,014	0	0
iShares iBoxx USD High Yield Corp Bd ETF	COM	464288513	1,447	17,004	SH		SOLE		17,004	0	0
iShares Intermed Credit Bond ETF	COM	464288638	2,746	25,851	SH		SOLE		25,851	0	0
iShares MBS Bond ETF	COM	464288588	4,280	41,082	SH		SOLE		41,082	0	0
iShares MSCI EAFE Index Fd	COM	464287465	1,849	27,602	SH		SOLE		27,602	0	0
iShares MSCI Emrg Mkt Indx	COM	464287234	411	9,496	SH		SOLE		9,496	0	0
iShares Natl Muni Bd ETF	COM	464288414	232	2,127	SH		SOLE		2,127	0	0
iShares S&P Global 100 Fd	COM	464287572	1,956	42,658	SH		SOLE		42,658	0	0
iShares S&P Midcap 400	COM	464287507	899	4,617	SH		SOLE		4,617	0	0
iShares S&P Preferred Stk	COM	464288687	7,538	199,902	SH		SOLE		199,902	0	0
iShares S&P SmallCap 600	COM	464287804	2,107	25,242	SH		SOLE		25,242	0	0
iShares TIPS Bond ETF	COM	464287176	880	7,793	SH		SOLE		7,793	0	0
J P Morgan Chase	COM	46625H100	3,871	37,147	SH		SOLE		37,147	0	0
JM Smucker Company	COM	832696405	895	8,329	SH		SOLE		8,329	0	0
Johnson & Johnson	COM	478160104	2,014	16,602	SH		SOLE		16,602	0	0
Lazard Ltd-Class A	COM	G54050102	285	5,828	SH		SOLE		5,828	0	0
Lilly (Eli) & Co	COM	532457108	988	11,582	SH		SOLE		11,582	0	0
Lowe's Companies Inc	COM	548661107	426	4,453	SH		SOLE		4,453	0	0
Marathon Petroleum Corp	COM	56585A102	445	6,344	SH		SOLE		6,344	0	0
Marsh & McLennan Cos Inc	COM	571748102	359	4,383	SH		SOLE		4,383	0	0
Mastercard Inc	COM	57636Q104	1,293	6,581	SH		SOLE		6,581	0	0
McDonald's Corp	COM	580135101	436	2,781	SH		SOLE		2,781	0	0
Medtronic PLC	COM	G5960L103	846	9,887	SH		SOLE		9,887	0	0
Merck & Company	COM	58933Y105	1,859	30,620	SH		SOLE		30,620	0	0
Microsoft Corp	COM	594918104	6,122	62,084	SH		SOLE		62,084	0	0
Mondelez International Inc	COM	609207105	1,127	27,497	SH		SOLE		27,497	0	0
O'Reilly Automotive Inc	COM	67103H107	545	1,991	SH		SOLE		1,991	0	0
Paycom Software Inc	COM	70432V102	218	2,201	SH		SOLE		2,201	0	0
PepsiCo Inc	COM	713448108	1,440	13,224	SH		SOLE		13,224	0	0
Pfizer Inc	COM	717081103	2,665	73,452	SH		SOLE		73,452	0	0
Phillips 66	COM	718546104	1,103	9,824	SH		SOLE		9,824	0	0
PPG Industries Inc	COM	693506107	558	5,376	SH		SOLE		5,376	0	0
Procter & Gamble Co	COM	742718109	1,622	20,780	SH		SOLE		20,780	0	0
Qualcomm Inc	COM	747525103	354	6,302	SH		SOLE		6,302	0	0
Salesforce.Com Inc	COM	79466L302	428	3,141	SH		SOLE		3,141	0	0
Schwab US Dividend Equity ETF	COM	808524797	628	12,743	SH		SOLE		12,743	0	0
SPDR S & P 500 ETF Trust	COM	78462F103	12,595	46,427	SH		SOLE		46,427	0	0
SPDR S & P Midcap 400 ETF	COM	78467Y107	4,478	12,612	SH		SOLE		12,612	0	0
Synchrony Financial	COM	87165B103	604	18,090	SH		SOLE		18,090	0	0
Target Corp	COM	87612E106	892	11,716	SH		SOLE		11,716	0	0
TE Connectivity LTD	COM	H84989104	283	3,141	SH		SOLE		3,141	0	0
Texas Instruments Inc	COM	882508104	213	1,936	SH		SOLE		1,936	0	0
Thermo Fisher Corp	COM	883556102	423	2,041	SH		SOLE		2,041	0	0
TJX Companies Inc	COM	872540109	329	3,453	SH		SOLE		3,453	0	0
United Parcel Services B	COM	911312106	597	5,618	SH		SOLE		5,618	0	0
United Technologies Corp	COM	913017109	1,202	9,613	SH		SOLE		9,613	0	0
US Bancorp	COM	902973304	750	15,000	SH		SOLE		15,000	0	0
VanEck Vectors Hgh Yield Muni Index	COM	92189F361	5,223	165,955	SH		SOLE		165,955	0	0
Vanguard Growth ETF	COM	922908736	314	2,099	SH		SOLE		2,099	0	0
Vanguard Long-Term Corp Bond ETF	COM	92206C813	1,921	21,938	SH		SOLE		21,938	0	0
Vanguard S&P 500 ETF	COM	922908363	2,099	8,414	SH		SOLE		8,414	0	0
Verizon Communications Inc	COM	92343V104	763	15,162	SH		SOLE		15,162	0	0
Visa Inc Cl-A Shares	COM	92826C839	1,765	13,325	SH		SOLE		13,325	0	0
Wal Mart Inc.	COM	931142103	328	3,827	SH		SOLE		3,827	0	0
Walgreens Boots Alliance	COM	931427108	2,293	38,214	SH		SOLE		38,214	0	0
Waters Corp	COM	941848103	209	1,080	SH		SOLE		1,080	0	0
Wells Fargo & Co	COM	949746101	1,881	33,937	SH		SOLE		33,937	0	0
Whirlpool Corp	COM	963320106	380	2,596	SH		SOLE		2,596	0	0
Williams-Sonoma Inc	COM	969904101	371	6,037	SH		SOLE		6,037	0	0
Worldpay Inc. CLass A	COM	981558109	331	4,050	SH		SOLE		4,050	0	0
Yum Brands Inc	COM	988498101	228	2,915	SH		SOLE		2,915	0	0
Yum China Holdings Inc.	COM	98850P109	964	25,057	SH		SOLE		25,057	0	0
Zebra Technologies Corp Cl	COM	989207105	382	2,665	SH		SOLE		2,665	0	0
Zimmer Holdings Inc	COM	98956P102	462	4,150	SH		SOLE		4,150	0	0