0001121477-12-000003.txt : 20120712 0001121477-12-000003.hdr.sgml : 20120712 20120712082636 ACCESSION NUMBER: 0001121477-12-000003 CONFORMED SUBMISSION TYPE: 13F-HR PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20120630 FILED AS OF DATE: 20120712 DATE AS OF CHANGE: 20120712 EFFECTIVENESS DATE: 20120712 FILER: COMPANY DATA: COMPANY CONFORMED NAME: BOYD WATTERSON ASSET MANAGEMENT LLC/OH CENTRAL INDEX KEY: 0001121477 IRS NUMBER: 341922005 STATE OF INCORPORATION: OH FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 13F-HR SEC ACT: 1934 Act SEC FILE NUMBER: 028-05921 FILM NUMBER: 12958586 BUSINESS ADDRESS: STREET 1: 1801 EAST NINTH STREET STREET 2: SUITE 1400 CITY: CLEVELAND STATE: OH ZIP: 44114-3179 BUSINESS PHONE: 2167713450 MAIL ADDRESS: STREET 1: 1801 EAST NINTH STREET STREET 2: STE 600 CITY: CLEVELAND STATE: OH ZIP: 44114 13F-HR 1 CLE.TXT UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 13F FORM 13F COVER PAGE Report for the Calendar Year or Quarter Ended: June 30, 2012 Check here if Amendment [ ]; Amendment Number: This Amendment (Check only one.): [ ] is a restatement. [ ] adds new holdings entries. Institutional Investment Manager Filing this Report: Name: Boyd Watterson Asset Management, LLC Address: 1801 East 9th Street Suite 1400 Cleveland, OH 44114 13F File Number: 801-57468 The institutional investment manager filing this report and the person by whom it is signed hereby represent that the person signing the report is authorized to submit it, that all information contained herein is true, correct and complete, and that it is understood that all required items, statements, schedules, lists, and tables, are considered integral parts of this form. Person Signing this Report on Behalf of Reporting Manager: Name: John Walsh Title: Compliance Officer Phone: 216-771-3450 Signature, Place, and Date of Signing: John Walsh Cleveland, OH July 12, 2012 Report Type (Check only one.): [X ] 13F HOLDINGS REPORT. [ ] 13F NOTICE. [ ] 13F COMBINATION REPORT. I AM SIGNING THIS REPORT AS REQUIRED BY THE SECURITIES EXCHANGE ACT OF 1934. FORM 13F SUMMARY PAGE Report Summary: Number of Other Included Managers: 1 Form 13F Information Table Entry Total: 265 Form 13F Information Table Value Total: $157682 List of Other Included Managers: No. 13F File Number Name 1 028-12983 American Independence Financial Services, LLC FORM 13F INFORMATION TABLE VALUE SHARES/ SH/ PUT/ INVSTMT OTHER VOTING AUTORITY NAME OF ISSUER TITLE OF CLASS CUSIP NO (x$1000) PRN AMT PRN CALL DSCRETN MANAGERS SOLE SHARED NONE ------------------------------ ---------------- --------- -------- -------- --- ---- ------- ----------- -------- -------- -------- 3M COMPANY COM 88579Y10 381 4257 SH SOLE 4257 0 0 ABB LTD COM 7108899 424 25989 SH SOLE 25989 0 0 ABB LTD-SPON ADR COM 00037520 242 14822 SH SOLE 14822 0 0 ABBOTT LABORATORIES W/RTS COM 00282410 1603 24870 SH SOLE 24870 0 0 ACCENTURE PLC CL-A COM G1151C10 276 4589 SH SOLE 4589 0 0 AIR PRODUCTS & CHEMICALS COM 00915810 326 4044 SH SOLE 4044 0 0 ALLIANT ENERGY CORP COM 01880210 409 8969 SH SOLE 8969 0 0 ALLIANZ SE COM 5231485 269 2684 SH SOLE 2684 0 0 ALLIANZ SE 8.375% PFD PFD 01880520 588 22600 SH SOLE 22600 0 0 ALLIANZ SE ADR COM 01880510 178 17699 SH SOLE 17699 0 0 ALLIED CAPITAL 6.875% PFD PFD 01903Q20 418 16906 SH SOLE 16906 0 0 ALLY FINANCIAL PFD 7.375% PFD 36186C50 272 11500 SH SOLE 11500 0 0 AMERICAN EXPRESS CO COM 02581610 1146 19687 SH SOLE 19687 0 0 AMERICAN FINL 6.375% PFD PFD 02593240 450 17500 SH SOLE 17500 0 0 ANHEUSER-BUSCH INB COM 4755317 572 7355 SH SOLE 7355 0 0 APPLE INC COM 03783310 1007 1724 SH SOLE 1724 0 0 ARCELORMITTAL-NY REG COM 03938L10 192 12585 SH SOLE 12585 0 0 ARCH CAPITAL GROUP 6.75% PFD G0450A20 544 20935 SH SOLE 20935 0 0 ARES CAPITAL CORP COM 04010L10 256 16045 SH SOLE 16045 0 0 ASAHI GROUP HOLDING LTD COM 6054409 350 16333 SH SOLE 16333 0 0 ASPEN INSURANCE HLDG 7.25% PFD G0538414 820 32050 SH SOLE 32050 0 0 ASSOC BANC-CORP 8% PFD PFD 04548820 544 20000 SH SOLE 20000 0 0 ASTELLAS PHARMA INC COM 6985383 482 11100 SH SOLE 11100 0 0 AUTOMATIC DATA PROCESSING COM 05301510 211 3787 SH SOLE 3787 0 0 AXA COM 7088429 206 15526 SH SOLE 15526 0 0 AXA SPONS ADR COM 05453610 139 10424 SH SOLE 10424 0 0 AXIS CAPITAL 6.875% PFD PFD G0692U30 338 12618 SH SOLE 12618 0 0 BAC APT ARTS 2007-2A 144A PFD 05070520 3104 40 SH SOLE 40 0 0 BAC ARP 2006-12A 144A PFD 05269120 300 3 SH SOLE 3 0 0 BANK OF AMERICA 8.20% PFD PFD 06050576 2783 107665 SH SOLE 107665 0 0 BARCLAYS COM 3134865 266 104112 SH SOLE 104112 0 0 BARCLAYS BANK PLC 7.75% PFD 06739H51 364 14500 SH SOLE 14500 0 0 BARCLAYS PLC ADR COM 06738E20 151 14630 SH SOLE 14630 0 0 BARRICK GOLD CORP COM 2024644 279 7422 SH SOLE 7422 0 0 BASF AG COM 5086577 596 8587 SH SOLE 8587 0 0 BASF SE ADR COM 05526250 282 4068 SH SOLE 4068 0 0 BAYER MOTOREN WERK COM 5756029 435 6017 SH SOLE 6017 0 0 BB & T CORP 5.85% PFD PFD 05493720 252 9600 SH SOLE 9600 0 0 BB&T CAPITAL TR 8.95% PFD PFD 05530J20 2213 87870 SH SOLE 87870 0 0 BCE INC COM 05534B76 356 8630 SH SOLE 8630 0 0 BERKLEY WR CAP TR II 6.75% PFD 08449Q20 842 33100 SH SOLE 33100 0 0 BERKSHIRE HATHAWAY CL B COM 08467070 209 2510 SH SOLE 2510 0 0 BGC PARTNERS 8.125% PFD PFD 05541T40 1084 42500 SH SOLE 42500 0 0 BHP BILLITON LTD COM 6144690 597 18525 SH SOLE 18525 0 0 BHP LIMITED SPONS ADR COM 08860610 413 6324 SH SOLE 6324 0 0 BLACKROCK INC COM 09247X10 291 1714 SH SOLE 1714 0 0 BOEING CO COM 09702310 1105 14870 SH SOLE 14870 0 0 BP PLC COM 0798059 279 42185 SH SOLE 42185 0 0 BP PLC - SPONS ADR COM 05562210 246 6063 SH SOLE 6063 0 0 BRAMBLES LTD COM B1FJ0C0 376 59571 SH SOLE 59571 0 0 CANADIAN PACIFIC RAILWAY COM 13645T10 248 3385 SH SOLE 3385 0 0 CANON INC COM 6172323 340 8573 SH SOLE 8573 0 0 CANON INC SP ADR COM 13800630 274 6850 SH SOLE 6850 0 0 CARNIVAL PLC COM 3121522 226 6605 SH SOLE 6605 0 0 CATERPILLAR INC COM 14912310 590 6944 SH SOLE 6944 0 0 CHARLES SCHWAB 6.00% PFD PFD 80851320 521 20000 SH SOLE 20000 0 0 CHEVRON CORPORATION COM 16676410 943 8937 SH SOLE 8937 0 0 CHINA UNICOM HONG KONG ADR COM 16945R10 236 18830 SH SOLE 18830 0 0 CHUBB CORP COM 17123210 419 5756 SH SOLE 5756 0 0 CHUNGHWA TELECOM LTD ADR COM 17133Q50 246 7828 SH SOLE 7828 0 0 CISCO SYSTEMS INC COM 17275R10 426 24795 SH SOLE 24795 0 0 CITIGROUP CAP VII 7.125% PFD 17306N20 428 17000 SH SOLE 17000 0 0 CITIGROUP CAP VIII 6.95% PFD 17306R20 374 15000 SH SOLE 15000 0 0 CLP HOLDINGS COM 6097017 389 45875 SH SOLE 45875 0 0 CNOOC LTD ADR COM 12613210 322 1598 SH SOLE 1598 0 0 COCA-COLA CO COM 19121610 2431 31094 SH SOLE 31094 0 0 COLGATE-PALMOLIVE CO COM 19416210 224 2150 SH SOLE 2150 0 0 COMMONWEALTH REIT 6.5% PFD PFD 20323340 506 23050 SH SOLE 23050 0 0 CONOCOPHILLIPS COM 20825C10 389 6954 SH SOLE 6954 0 0 CONSTELLATION ENERGY 8.625 PFD 21038720 589 22000 SH SOLE 22000 0 0 COSTCO WHOLESALE CORP COM 22160K10 212 2228 SH SOLE 2228 0 0 COUNTRYWIDE CAP V 7% PFD PFD 22238820 1050 42272 SH SOLE 42272 0 0 COVIDIEN PLC COM G2554F11 449 8386 SH SOLE 8386 0 0 CREDIT SUISSE GROUP W/RGHT COM 7171589 197 10778 SH SOLE 10778 0 0 CRH COM 0182704 294 15240 SH SOLE 15240 0 0 CROWN LTD COM B29LCJ0 386 44300 SH SOLE 44300 0 0 CUBESMART 7.75% PFD PFD 22966320 450 17100 SH SOLE 17100 0 0 CVS CAREMARK CORP COM 12665010 232 4960 SH SOLE 4960 0 0 DARDEN RESTAURANTS INC COM 23719410 396 7820 SH SOLE 7820 0 0 DBS GROUP HOLDINGS COM 6175203 266 24277 SH SOLE 24277 0 0 DEUTSCHE BANK TR III 7.60% PFD 25154A10 462 18000 SH SOLE 18000 0 0 DIAGEO COM 0237400 558 21675 SH SOLE 21675 0 0 DIAGEO PLC-SPONSORED ADR COM 25243Q20 443 4302 SH SOLE 4302 0 0 DIGITAL REALTY 6.625% PFD PFD 25386880 479 18500 SH SOLE 18500 0 0 DIGITAL REALTY TRUST INC COM 25386810 270 3594 SH SOLE 3594 0 0 DOW CHEMICAL COMPANY COM 26054310 213 6751 SH SOLE 6751 0 0 DTE ENERGY CO 6.50% PFD PFD 23333160 311 11000 SH SOLE 11000 0 0 DUKE REALTY 6.625% PFD PFD 26441177 229 9076 SH SOLE 9076 0 0 DUKE REALTY CP 8.375% PFD PFD 26441167 526 20000 SH SOLE 20000 0 0 DUPONT (E I) DENEMOURS COM 26353410 347 6871 SH SOLE 6871 0 0 EATON CORP COM 27805810 1828 46127 SH SOLE 46127 0 0 EBAY INC COM 27864210 359 8539 SH SOLE 8539 0 0 EMC CORP/MASS COM 26864810 272 10609 SH SOLE 10609 0 0 EMERSON ELECTRIC CO COM 29101110 217 4661 SH SOLE 4661 0 0 ENI COM 7145056 258 12108 SH SOLE 12108 0 0 ENI SPA-SPONSORED ADR COM 26874R10 297 6994 SH SOLE 6994 0 0 ENTERGY TEXAS 7.875% PFD PFD 29365T20 368 12700 SH SOLE 12700 0 0 ERICSSON (L.M) COM 5959378 376 41159 SH SOLE 41159 0 0 ERICSSON LM TEL-SP ADR COM 29482160 280 30699 SH SOLE 30699 0 0 EXPERIAN PLC COM B19NLV4 568 40194 SH SOLE 40194 0 0 EXXON MOBIL CORPORATION COM 30231G10 3070 35882 SH SOLE 35882 0 0 FASTENAL CO COM 31190010 700 17359 SH SOLE 17359 0 0 FIFTH THIRD CAP TR VI PFD 31678V20 1026 40200 SH SOLE 40200 0 0 FIRST NIAGARA FIN 8.625% PFD 33582V20 439 16029 SH SOLE 16029 0 0 FIRST REP BANK 6.20% PFD PFD 33616C40 763 30000 SH SOLE 30000 0 0 FRESENIUS MEDICAL CARE COM 5129074 292 4117 SH SOLE 4117 0 0 FRESENIUS MEDICAL CARE AG COM D2734Z10 213 3000 SH SOLE 3000 0 0 GENERAL ELECTRIC CORP COM 36960410 1728 82921 SH SOLE 82921 0 0 GENERAL MILLS INC COM 37033410 466 12084 SH SOLE 12084 0 0 GLAXOSMITHKLINE COM 0925288 239 10545 SH SOLE 10545 0 0 GLAXOSMITHKLINE PLC ADR COM 37733W10 349 7655 SH SOLE 7655 0 0 GOOGLE INC CLASS A COM 38259P50 822 1417 SH SOLE 1417 0 0 GRUPO TELEVISA SA-SPON ADR COM 40049J20 317 14748 SH SOLE 14748 0 0 HARTFORD FINANCIAL 7.875% PFD 41651850 757 28000 SH SOLE 28000 0 0 HERSHEY COMPANY COM 42786610 205 2850 SH SOLE 2850 0 0 HEWLETT-PACKARD CO COM 42823610 719 35771 SH SOLE 35771 0 0 HOME DEPOT INC COM 43707610 276 5201 SH SOLE 5201 0 0 HONEYWELL INTL INC COM 43851610 485 8684 SH SOLE 8684 0 0 HSBC HOLDINGS COM 0540528 428 48655 SH SOLE 48655 0 0 HSBC HOLDINGS 8% PFD PFD 40428080 272 10000 SH SOLE 10000 0 0 HSBC HOLDINGS PLC SPON ADR COM 40428040 313 7085 SH SOLE 7085 0 0 IBM CORP COM 45920010 1263 6459 SH SOLE 6459 0 0 ICICI BK LTD ADR COM 45104G10 338 10432 SH SOLE 10432 0 0 IMPERIAL TOBACCO COM 0454492 604 15691 SH SOLE 15691 0 0 ING GROEP N.V. SPON ADR COM 45683710 103 15462 SH SOLE 15462 0 0 ING GROEP NV COM 7154182 190 28409 SH SOLE 28409 0 0 ING GROEP NV (INZ) 7.20% PFD 45683730 310 13200 SH SOLE 13200 0 0 INTEL CORP COM 45814010 1884 70689 SH SOLE 70689 0 0 ISHARES FTSE NAREIT MORTG COM 46428853 200 14119 SH SOLE 14119 0 0 ISHARES MSCI EAFE INDEX FD COM 46428746 659 13182 SH SOLE 13182 0 0 ISHARES S&P GLOBAL 100 FD COM 46428757 767 13016 SH SOLE 13016 0 0 ISHARES S&P MIDCAP 400 COM 46428750 286 3040 SH SOLE 3040 0 0 ISHARES S&P SMALLCAP 600 COM 46428780 627 8552 SH SOLE 8552 0 0 J P MORGAN CHASE COM 46625H10 923 25821 SH SOLE 25821 0 0 JOHNSON & JOHNSON COM 47816010 1438 21279 SH SOLE 21279 0 0 JP MORGAN CHASE 7.20% PFD PFD 48124Y20 1104 44000 SH SOLE 44000 0 0 JP MORGAN CHASE 8.625% PFD PFD 46625H62 702 25870 SH SOLE 25870 0 0 JPM CHASE XXIX 6.7% PFD PFD 48125E20 1610 62830 SH SOLE 62830 0 0 KAO CORP COM 6483809 460 16715 SH SOLE 16715 0 0 KDDI CORP COM 6248990 411 64 SH SOLE 64 0 0 KELLOGG CO COM 48783610 310 6275 SH SOLE 6275 0 0 KEYENCE CORP COM 6490995 398 1619 SH SOLE 1619 0 0 KILROY REALTY 6.875% PFD PFD 49427F70 720 27800 SH SOLE 27800 0 0 KIMBERLY-CLARK CORP COM 49436810 334 3984 SH SOLE 3984 0 0 KIMCO REALTY 6% PFD PFD 49446R79 302 12000 SH SOLE 12000 0 0 KKR FINANCIAL 7.5% PFD PFD 48248A50 625 24056 SH SOLE 24056 0 0 KOMATSU NPV COM 6496584 273 11600 SH SOLE 11600 0 0 KONINKLIJKE KPN NV COM 5956078 278 29010 SH SOLE 29010 0 0 KOREA ELECTRIC POWER ADR COM 50063110 168 15060 SH SOLE 15060 0 0 KRAFT FOODS INC COM 50075N10 482 12486 SH SOLE 12486 0 0 KYOCERA CORP COM 6499260 380 4441 SH SOLE 4441 0 0 KYOCERA CORP ADR COM 50155620 256 2975 SH SOLE 2975 0 0 LG DISPLAY CO LTD ADR COM 50186V10 204 21610 SH SOLE 21610 0 0 LILLY (ELI) & CO COM 53245710 1195 27858 SH SOLE 27858 0 0 LUKOIL OIL ADR COM 67786210 221 3975 SH SOLE 3975 0 0 LVMH MOET HENNESSY COM 4061412 603 3967 SH SOLE 3967 0 0 MACERICH CO (THE) COM 55438210 222 3761 SH SOLE 3761 0 0 MAIDEN HOLDINGS 8% PFD PFD 56029Q30 256 10000 SH SOLE 10000 0 0 MANULIFE FINANCIAL CORP COM 2492519C 158 14500 SH SOLE 14500 0 0 MCDONALD'S CORP COM 58013510 1560 17617 SH SOLE 17617 0 0 MCGRAW-HILL INC COM 58064510 235 5226 SH SOLE 5226 0 0 MEDTRONIC INC COM 58505510 913 23582 SH SOLE 23582 0 0 MERCK & COMPANY COM 58933Y10 1382 33104 SH SOLE 33104 0 0 MICROSOFT CORP COM 59491810 2239 73206 SH SOLE 73206 0 0 MITSUBISHI UFJ FINL ADR COM 60682210 228 48023 SH SOLE 48023 0 0 MITSUBISHI UFJ FINL GRP COM 6335171 368 77739 SH SOLE 77739 0 0 MITSUI & CO LTD COM 6597302 397 27005 SH SOLE 27005 0 0 MITSUI FUDOSAN CO COM 6597603 364 18967 SH SOLE 18967 0 0 MORGAN STANLEY CAP 6.6% PF PFD 61746120 415 17000 SH SOLE 17000 0 0 NESTLE SA COM 7123870 562 9399 SH SOLE 9399 0 0 NESTLE SPON ADR COM 64106940 527 8813 SH SOLE 8813 0 0 NEXEN INC 7.35% PFD PFD 65334H50 777 30500 SH SOLE 30500 0 0 NEXTERA ENERGY 5.625% PFD PFD 65339K70 221 8500 SH SOLE 8500 0 0 NEXTERA ENERGY CAP 5.70% PFD 65339K60 317 12000 SH SOLE 12000 0 0 NISSAN MOTOR CO LTD COM J5716012 297 33200 SH SOLE 33200 0 0 NOVARTIS AG COM 7103065 497 8901 SH SOLE 8901 0 0 NOVARTIS AG ADR COM 66987V10 333 5951 SH SOLE 5951 0 0 ORACLE CORP COM 68389X10 322 10855 SH SOLE 10855 0 0 PARTNERRE LTD 6.75% PFD PFD G6852T20 256 10000 SH SOLE 10000 0 0 PARTNERRE LTD 7.25% PFD PFD G6860350 509 19000 SH SOLE 19000 0 0 PEPSICO INC COM 71344810 3049 43151 SH SOLE 43151 0 0 PFIZER INC COM 71708110 3055 132842 SH SOLE 132842 0 0 PNC CAPITAL TRST 7.75% PFD PFD 69350S20 1308 51770 SH SOLE 51770 0 0 PNC FINANCIAL 6.125% PFD PFD 69347585 1024 38878 SH SOLE 38878 0 0 POWERSHRS PREFERRED PORT COM 73936T56 328 22578 SH SOLE 22578 0 0 POWERSHRS SR LOAN PORT COM 73936Q76 243 9968 SH SOLE 9968 0 0 PPG INDUSTRIES INC COM 69350610 322 3032 SH SOLE 3032 0 0 PROCTER & GAMBLE CO COM 74271810 2784 45461 SH SOLE 45461 0 0 PROSPECT CAPITAL 6.95% PFD PFD 74348T20 684 27500 SH SOLE 27500 0 0 PROTECTIVE LIFE 6.25% PFD PFD 74367460 704 27400 SH SOLE 27400 0 0 PS BUSINESS PARK 6.00% PFD PFD 69360J68 658 26000 SH SOLE 26000 0 0 PSA 5.625% SERIES U PFD 74460W60 654 25000 SH SOLE 25000 0 0 PVF CAPITAL CORP COM 69365410 203 100001 SH SOLE 100001 0 0 QWEST CORP 7.00% PFD PFD 74913G50 717 28000 SH SOLE 28000 0 0 RAYMOND JAMES 6.90% PFD PFD 75473020 271 10000 SH SOLE 10000 0 0 RENAISSANCERE HLDGS 6.6% PFD G7498P40 828 32597 SH SOLE 32597 0 0 RIO TINTO COM 0718875 399 8425 SH SOLE 8425 0 0 RIO TINTO PLC-SPON ADR COM 76720410 300 6282 SH SOLE 6282 0 0 ROYAL DUTCH SHELL A SHS COM B03MLX2 521 15480 SH SOLE 15480 0 0 ROYAL DUTCH SHELL PLC-ADR COM 78025910 362 5178 SH SOLE 5178 0 0 ROYAL DUTCH SHELL-A ADR COM 78025920 347 5146 SH SOLE 5146 0 0 SANOFI ADR COM 5671735 593 7826 SH SOLE 7826 0 0 SANOFI ADR COM 80105N10 279 7375 SH SOLE 7375 0 0 SAP AG COM 4846288 471 7972 SH SOLE 7972 0 0 SAP AG SPONS ADR COM 80305420 221 3731 SH SOLE 3731 0 0 SASOL LTD ADR COM 80386630 212 5005 SH SOLE 5005 0 0 SCE TRUST I 5.625% PFD PFD 78406T20 764 30000 SH SOLE 30000 0 0 SCHLUMBERGER LTD COM 80685710 379 5846 SH SOLE 5846 0 0 SEADRILL LTD COM G7945E10 368 10372 SH SOLE 10372 0 0 SHIN-ETSU CHEMICAL COM 6804585 371 6784 SH SOLE 6784 0 0 SIEMENS AG COM 5727973 494 5883 SH SOLE 5883 0 0 SIEMENS AG-SPONS ADR COM 82619750 251 2984 SH SOLE 2984 0 0 SK TELECOM LTD ADR COM 78440P10 148 12258 SH SOLE 12258 0 0 SMITH & NEPHEW COM 0922320 475 47510 SH SOLE 47510 0 0 SMITH & NEPHEW PLC ADR COM 83175M20 265 5295 SH SOLE 5295 0 0 SONY FINANCIAL HOLDINGS COM B249SN5 337 20800 SH SOLE 20800 0 0 SOUTHERN COMPANY COM 84258710 432 9322 SH SOLE 9322 0 0 SPDR S & P 500 EFT TRUST COM 78462F10 5512 40500 SH SOLE 40500 0 0 SPDR S & P MIDCAP 400 ETF COM 78467Y10 1565 9137 SH SOLE 9137 0 0 SUNCOR ENERGY INC COM B3NB1P2 458 15875 SH SOLE 15875 0 0 SUNTRUST CAP IX 7.875% PFD PFD 86788510 1709 67840 SH SOLE 67840 0 0 SYNGENTA AG COM 4356646 433 1268 SH SOLE 1268 0 0 SYNGENTA AG ADR COM 87160A10 257 3753 SH SOLE 3753 0 0 TAIWAN SEMICONDUCTOR ADR COM 87403910 323 23115 SH SOLE 23115 0 0 TARGET CORP COM 87612E10 1251 21504 SH SOLE 21504 0 0 TCF FINANCIAL CO. 7.50% PFD 87227720 848 33500 SH SOLE 33500 0 0 TE CONNECTIVITY LTD COM H8498910 266 8327 SH SOLE 8327 0 0 TELEFONICA DE ESPANA ADR COM 87938220 176 13459 SH SOLE 13459 0 0 TELEPHONE & DATA 7% PFD PFD 87943383 240 9000 SH SOLE 9000 0 0 TESCO COM 0884709 468 96339 SH SOLE 96339 0 0 TEVA PHARMACEUTICAL SP ADR COM 88162420 243 6165 SH SOLE 6165 0 0 TIME WARNER CABLE INC COM 88732J20 329 4011 SH SOLE 4011 0 0 TOKYO GAS CO COM 6895448 77 15000 SH SOLE 15000 0 0 TORONTO DOMINION BK ONT COM 2897222 520 6650 SH SOLE 6650 0 0 TOTAL S.A. SPONSORED ADR COM 89151E10 402 8948 SH SOLE 8948 0 0 TOTAL SA COM B15C557 509 11292 SH SOLE 11292 0 0 TYCO INTERNATIONAL LTD NEW COM H8912810 459 8677 SH SOLE 8677 0 0 UNILEVER N V ADR COM 90478470 337 10094 SH SOLE 10094 0 0 UNILEVER NV W/RTS 3 30 12 COM B12T3J1 520 15544 SH SOLE 15544 0 0 UNILEVER PLC-SPONSORED ADR COM 90476770 204 6048 SH SOLE 6048 0 0 UNITED PARCEL SERVICES B COM 91131210 731 9279 SH SOLE 9279 0 0 US BANCORP 6.00% PFD PFD 90297381 934 34125 SH SOLE 34125 0 0 US BANCORP 7.875% PFD PFD 90297388 1309 48900 SH SOLE 48900 0 0 VALE SA - SP ADR COM 91912E10 304 15308 SH SOLE 15308 0 0 VANGUARD MSCI EMERGING MKT COM 92204285 285 7148 SH SOLE 7148 0 0 VERIZON COMMUNICATIONS INC COM 92343V10 716 16100 SH SOLE 16100 0 0 VIMPELCOM LTD-SPON ADR COM 92719A10 239 29440 SH SOLE 29440 0 0 VISA INC CL-A SHARES COM 92826C83 496 4009 SH SOLE 4009 0 0 VODAFONE GROUP COM B16GWD5 624 221905 SH SOLE 221905 0 0 VODAFONE GROUP ADR COM 92857W20 631 22385 SH SOLE 22385 0 0 VORNADO REALTY TR 6.625% PFD 92904280 515 20000 SH SOLE 20000 0 0 WAL-MART STORES INC COM 93114210 1897 27202 SH SOLE 27202 0 0 WALGREEN CO COM 93142210 1030 34834 SH SOLE 34834 0 0 WELLS FARGO & CO COM 94974610 336 10047 SH SOLE 10047 0 0 WELLS FARGO 7.875% PFD PFD 94985V20 1535 59300 SH SOLE 59300 0 0 WELLS FARGO 8.00% PFD PFD 94974687 433 14325 SH SOLE 14325 0 0 WESTAR ENERGY 4.25% PFD PFD 95709T20 370 3633 SH SOLE 3633 0 0 WESTERN ASSET HIGH INC FD COM 95766J10 210 20895 SH SOLE 20895 0 0 WESTPAC BANKING CORP COM 6076146 369 17058 SH SOLE 17058 0 0 WESTPAC BANKING CORP ADR COM 96121430 289 2658 SH SOLE 2658 0 0 WPP PLC COM B3DMTY0 289 23834 SH SOLE 23834 0 0 WPP PLC SPONSORED ADR COM 92933H10 219 3599 SH SOLE 3599 0 0 XCEL ENERGY INC 7.60% PFD PFD 98389B88 832 31096 SH SOLE 31096 0 0 YUM BRANDS INC COM 98849810 505 7844 SH SOLE 7844 0 0 ZIONS BANCORP 9.50% PFD PFD 98970150 611 23295 SH SOLE 23295 0 0