Veredus 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
Expires:	Oct 31, 2018
Estimated average burden
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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
AARON'S INC	CS	002535300	16,761	293,476	SH		SOLE	0	33,745	0	259,731
ABBVIE	CS	00287Y109	32,969	372,365	SH		SOLE	0	67,269	0	305,096
ADECCO GROUP ADR	CS	006754204	3,227	102,000	SH		SOLE	0	0	0	102,000
ADIDAS AG SPON ADR	CS	00687A107	1,872	11,500	SH		SOLE	0	0	0	11,500
AERCAP HOLDINGS N.V.	CS	N00985106	3,115	50,676	SH		DFND	0	50,148	0	528
AERCAP HOLDINGS NV	CS	N00985106	29,550	480,720	SH		SOLE	0	123,320	0	357,400
AKAMAI TECHNOLGIES	CS	00971T101	14,601	169,035	SH		SOLE	0	445	0	168,590
ALEXION PHARMACEUTICALS	CS	015351109	229	2,117	SH		SOLE	0	0	0	2,117
ALIBABA GROUP HLDG LTD	CS	01609W102	2,985	14,073	SH		DFND	0	13,930	0	143
ALIBABA GROUP HOLDING	CS	01609W102	25,954	122,368	SH		SOLE	0	36,968	0	85,400
ALLERGAN PLC SHS	CS	G0177J108	2,382	12,460	SH		DFND	0	12,325	0	135
ALLERGAN, INC	CS	G0177J108	20,709	108,324	SH		SOLE	0	31,724	0	76,600
ALLIANZ AKTIENGESELLSCHAF ADR	CS	018805101	1,736	71,687	SH		SOLE	0	58,309	0	13,378
ALPHABET INC	CS	02079K305	44,157	32,968	SH		SOLE	0	4,464	0	28,504
ALTRIA GROUP INC COM	CS	02209S103	19,544	391,589	SH		SOLE	0	70,975	0	320,614
AMDOCS LIMITED ORD	CS	G02602103	2,283	31,620	SH		DFND	0	31,310	0	310
AMDOCS LTD	CS	G02602103	19,441	269,305	SH		SOLE	0	81,805	0	187,500
AMERICAN EXPRESS CO	CS	025816109	31,273	251,206	SH		SOLE	0	34,572	0	216,634
AMERIPRISE FINANCIAL INC	CS	03076C106	42,063	252,512	SH		SOLE	0	33,542	0	218,970
AMGEN INC	CS	031162100	48,958	203,086	SH		SOLE	0	28,038	0	175,048
ANTHEM, INC	CS	036752103	27,039	89,524	SH		SOLE	0	12,209	0	77,315
AON CORP.	CS	G0408V102	16,310	78,304	SH		SOLE	0	23,297	0	55,007
AON PLC SHS CL-A	CS	G0408V102	1,924	9,237	SH		DFND	0	9,138	0	99
APPLE COMPUTER INC	CS	037833100	58,802	200,245	SH		SOLE	0	28,216	0	172,029
APPLIED MATERIALS	CS	038222105	18,662	305,732	SH		SOLE	0	1,242	0	304,490
APTIV PLC	CS	G6095L109	3,066	32,284	SH		DFND	0	31,954	0	330
APTIV PLC ORDINARY	CS	G6095L109	67,321	708,865	SH		SOLE	0	143,869	0	564,996
ASHTEAD GROUP PLC ADR	CS	045055100	3,178	24,637	SH		DFND	0	24,378	0	259
ASHTEAD GROUP PLC UNSP	CS	045055100	27,320	211,782	SH		SOLE	0	64,182	0	147,600
AT&T INC COM	CS	00206R102	17,560	449,322	SH		SOLE	0	27,250	0	422,072
AUTOZONE INC	CS	053332102	52,959	44,455	SH		SOLE	0	4,156	0	40,299
AXA ADS	CS	054536107	1,535	54,527	SH		DFND	0	53,981	0	546
AXA- SPONS ADR	CS	054536107	16,094	571,832	SH		SOLE	0	196,079	0	375,753
B A S F A G	CS	055262505	10,589	565,759	SH		SOLE	0	166,859	0	398,900
BANK NOVA SCOTIA HALIFAX	CS	064149107	722	12,780	SH		SOLE	0	9,060	0	3,720
BANK OF AMERICA CORPORATION	CS	060505104	52,460	1,489,501	SH		SOLE	0	201,199	0	1,288,302
BANK OF MONTREAL	CS	063671101	16,009	206,566	SH		SOLE	0	61,666	0	144,900
BANK RAKYAT ADR	CS	69366X100	3,187	202,240	SH		SOLE	0	0	0	202,240
BASF SE SP ADR	CS	055262505	1,436	76,728	SH		DFND	0	76,073	0	655
BIOGEN IDEC INC	CS	09062x103	35,890	120,953	SH		SOLE	0	6,586	0	114,367
BK MONTREAL	CS	063671101	1,810	23,357	SH		DFND	0	23,123	0	234
BLACKROCK INC	CS	09247X101	345	2,127	SH		SOLE	0	1,917	0	210
BNP PARIBAS PA ADR	CS	05565A202	17,747	597,748	SH		SOLE	0	172,648	0	425,100
BNP PARIBAS SP ADR REPSTG	CS	05565A202	1,842	62,025	SH		DFND	0	61,407	0	618
BOOKING HOLDINGS INC	CS	09857L108	41,566	20,239	SH		SOLE	0	2,740	0	17,499
BRITISH AMER TOB SPON ADR	CS	110448107	1,500	35,330	SH		DFND	0	34,971	0	359
BRITISH AMERN TOB PLC ADR	CS	110448107	11,310	266,380	SH		SOLE	0	42,480	0	223,900
BROADCOM LTD	CS	11135F101	40,316	127,574	SH		SOLE	0	22,276	0	105,298
BROWN FORMAN CL B	CS	115637209	222	3,279	SH		SOLE	0	937	0	2,342
CANADIAN NATL RAILWAY CO	CS	136375102	1,793	19,823	SH		DFND	0	19,620	0	203
CANADIAN NATL RY CO	CS	136375102	16,085	177,837	SH		SOLE	0	52,637	0	125,200
CAPRI HOLDINGS LTD	CS	G1890L107	21,739	569,837	SH		SOLE	0	1,247	0	568,590
CARNIVAL CORP-CL A	CS	143658300	29,682	583,941	SH		SOLE	0	76,270	0	507,671
CARNIVAL PLC	CS	14365C103	17,568	364,786	SH		SOLE	0	125,883	0	238,903
CARNIVAL PLC	CS	14365C103	1,528	31,718	SH		DFND	0	31,422	0	296
CDW CORP/DE	CS	12514G108	17,894	125,271	SH		SOLE	0	511	0	124,760
CENTENE CORP	CS	15135B101	22,404	356,354	SH		SOLE	0	944	0	355,410
CENTURYLINK INC	CS	156700106	16,342	1,237,060	SH		SOLE	0	5,060	0	1,232,000
CHEVRON CORP NEW COM	CS	166764100	35,523	294,768	SH		SOLE	0	42,240	0	252,528
CHINA COMM CONST GRP	CS	168926103	7,014	438,597	SH		SOLE	0	129,997	0	308,600
CHINA COMMUNICATIONS CONSTR CO	CS	168926103	823	51,461	SH		DFND	0	50,911	0	550
CHINA OVERSEAS LAN UNSPN ADR	CS	169403201	1,231	63,117	SH		DFND	0	62,474	0	643
CHINA OVERSEAS LAND & INVESTME	CS	169403201	9,583	491,402	SH		SOLE	0	145,002	0	346,400
CISCO SYS INC COM	CS	17275R102	38,670	806,293	SH		SOLE	0	109,492	0	696,801
CITIGROUP INC	CS	172967424	17,892	223,964	SH		SOLE	0	584	0	223,380
CITIZENS FINANCIAL GROUP INC	CS	174610105	55,760	1,373,072	SH		SOLE	0	186,401	0	1,186,671
CNOOC LTD	CS	126132109	25,839	155,031	SH		SOLE	0	45,831	0	109,200
CNOOC LTD ADS	CS	126132109	2,957	17,739	SH		DFND	0	17,605	0	134
COGNIZANT TECH	CS	192446102	16,934	273,045	SH		SOLE	0	31,702	0	241,343
COMCAST CORP CL A	CS	20030N101	18,422	409,639	SH		SOLE	0	56,107	0	353,532
COMERICA INC.	CS	200340107	16,786	233,946	SH		SOLE	0	956	0	232,990
CONOCOPHILLIPS	CS	20825C104	26,314	404,644	SH		SOLE	0	55,082	0	349,562
COPA HOLDINGS SA	CS	P31076105	3,080	28,500	SH		SOLE	0	0	0	28,500
CORESITE REALTY CORP.	CS	21870Q105	16,171	144,230	SH		SOLE	0	18,956	0	125,274
CRH PLC ADR	CS	12626K203	21,206	525,816	SH		SOLE	0	159,816	0	366,000
CRH PLC ADR	CS	12626K203	2,429	60,229	SH		DFND	0	59,617	0	612
CRITEO SA ADS	CS	226718104	2,619	151,100	SH		SOLE	0	0	0	151,100
D R HORTON INC	CS	23331a109	15,529	294,387	SH		SOLE	0	777	0	293,610
DAITO TRUST CONSTRUCTION	CS	23405X209	2,766	89,800	SH		SOLE	0	0	0	89,800
DANONE SPON ADR	CS	23636T100	18,942	1,148,722	SH		SOLE	0	344,922	0	803,800
DANONE SPONSORED ADR	CS	23636T100	2,226	135,004	SH		DFND	0	133,634	0	1,370
DBS GROUP HOLDINGS LTD	CS	23304Y100	23,744	307,716	SH		SOLE	0	92,616	0	215,100
DBS GROUP HOLDINGS LTD SP	CS	23304Y100	2,849	36,921	SH		DFND	0	36,605	0	316
DELTA AIRLINES	CS	247361702	25,512	436,244	SH		SOLE	0	59,533	0	376,711
DOLLAR GENERAL CORP	CS	256677105	15,088	96,729	SH		SOLE	0	399	0	96,330
DXC TECHNOLOGY	CS	23355L106	19,961	531,011	SH		SOLE	0	1,381	0	529,630
EASTMAN CHEMICAL CO	CS	277432100	20,101	253,602	SH		SOLE	0	29,352	0	224,250
EATON CORP PLC	CS	G29183103	1,868	19,726	SH		SOLE	0	16,122	0	3,604
EATON VANCE MUNICIPAL BD	CS	27827X101	294	22,829	SH		SOLE	0	22,829	0	0
EBAY INC	CS	278642103	14,276	395,337	SH		SOLE	0	1,607	0	393,730
EMERSON ELEC CO COM	CS	291011104	243	3,193	SH		SOLE	0	0	0	3,193
ENI S P A	CS	26874R108	20,458	660,778	SH		SOLE	0	198,878	0	461,900
ENI SPA AMER DEP RCPT	CS	26874R108	2,086	67,384	SH		DFND	0	66,683	0	701
EXXON MOBIL	CS	30231G102	771	11,042	SH		SOLE	0	6,674	0	4,368
F5 NETWORKS	CS	315616102	28,990	207,589	SH		SOLE	0	28,179	0	179,410
FIDELITY ADVISOR STRATEGIC INC	BF	315807461	181	14,532	SH		SOLE	0	14,532	0	0
FIFTH THIRD BANCORP	CS	316773100	23,288	757,563	SH		SOLE	0	103,175	0	654,388
FIRST FINANCIAL BANCORP	CS	320209109	544	21,364	SH		SOLE	0	21,364	0	0
FORTESCUE METAL GROUP	CS	34959A206	3,571	239,200	SH		SOLE	0	0	0	239,200
FRESENIUS MEDICAL CARE AG & CO	CS	358029106	210	5,712	SH		SOLE	0	5,712	0	0
FUJIFILM HLDGS CORP ADR	CS	35958N107	2,321	48,254	SH		DFND	0	47,748	0	506
FUJIFILM HOLDINGS CORP	CS	35958N107	19,873	413,153	SH		SOLE	0	125,653	0	287,500
GAP INC	CS	364760108	15,749	890,803	SH		SOLE	0	3,593	0	887,210
GAZPROM NEFT	CS	36829G107	1,818	53,000	SH		SOLE	0	0	0	53,000
GENERAL MILLS	CS	370334104	2,445	45,654	SH		SOLE	0	34,054	0	11,600
GLAXOSMITHKLINE PLC	CS	37733W105	1,047	22,290	SH		SOLE	0	22,290	0	0
GRIFOLS SA ADR	CS	398438408	1,903	81,706	SH		DFND	0	80,860	0	846
GRIFOLS, S.A. ADR	CS	398438408	16,470	707,194	SH		SOLE	0	208,094	0	499,100
HDFC BANK LTD	CS	40415F101	22,252	351,140	SH		SOLE	0	105,540	0	245,600
HDFC BANK LTD ADR	CS	40415F101	2,604	41,085	SH		DFND	0	40,656	0	429
HEWLETT PACKARD ENTERPRISE CO	CS	42824C109	16,318	1,028,851	SH		SOLE	0	4,656	0	1,024,195
HOME DEPOT	CS	437076102	37,217	170,425	SH		SOLE	0	23,449	0	146,976
HSBC HLDGS PLC ADR	CS	404280406	910	23,284	SH		SOLE	0	16,829	0	6,455
HUAZHU GROUP LTD	CS	44332N106	253	6,305	SH		SOLE	0	6,305	0	0
HUMANA INC	CS	444859102	281	768	SH		SOLE	0	140	0	628
ICON PLC	CS	G4705A100	1,625	9,435	SH		DFND	0	9,335	0	100
ICON PLC - AMERICAN DEPOSITARY	CS	G4705A100	13,338	77,446	SH		SOLE	0	23,546	0	53,900
IHS MARKIT LTD	CS	G47567105	28,011	371,741	SH		SOLE	0	112,241	0	259,500
IHS MARKIT LTD	CS	G47567105	3,316	44,009	SH		DFND	0	43,515	0	494
ILLINOIS TOOL WKS INC COM	CS	452308109	43,463	241,959	SH		SOLE	0	33,130	0	208,829
IMPERIAL OIL LTD CL A	CS	453038408	3,026	114,310	SH		SOLE	0	0	0	114,310
INFOSYS LIMITED ADR	CS	456788108	1,227	118,853	SH		DFND	0	117,447	0	1,406
INFOSYS TECHNOLOGIES LTD	CS	456788108	12,594	1,220,358	SH		SOLE	0	365,858	0	854,500
ING GROEP NV ADR	CS	456837103	1,564	129,762	SH		DFND	0	128,581	0	1,181
ING GROUP N V	CS	456837103	14,677	1,218,023	SH		SOLE	0	393,978	0	824,045
INTEL CORP	CS	458140100	48,831	815,878	SH		SOLE	0	110,846	0	705,032
INTL. BUSINESS MACHS CO	CS	459200101	263	1,965	SH		SOLE	0	0	0	1,965
IQVIA HOLDINGS INC	CS	46266C105	38,708	250,520	SH		SOLE	0	34,099	0	216,421
ISHARES BARCLAYS TIPS BOND FUN	ETF	464287176	240	2,060	SH		SOLE	0	2,060	0	0
ISHARES MSCI ACWI EX US ETF	ETF	464288240	3,715	75,628	SH		DFND	0	74,375	0	1,253
ISHARES NATIONAL MUNI BOND ETF	ETF	464288414	652	5,730	SH		SOLE	0	0	0	5,730
ISHARES TR	ETF	464287242	220	1,724	SH		SOLE	0	1,724	0	0
ISUZU MOTORS LTD	CS	465254209	3,098	258,200	SH		SOLE	0	0	0	258,200
ITAU UNIBANCO HOLDINGS SA	CS	465562106	15,859	1,733,289	SH		SOLE	0	521,389	0	1,211,900
ITAU UNIBANCO MULTIPLE ADR	CS	465562106	1,829	199,877	SH		DFND	0	197,868	0	2,009
J P MORGAN CHASE & CO	CS	46625H100	70,564	506,193	SH		SOLE	0	67,693	0	438,500
JAZZ PHARMACEUTICALS INC	CS	G50871105	401	2,683	SH		SOLE	0	1,466	0	1,217
JD.COM INC	CS	47215P106	1,955	55,500	SH		SOLE	0	0	0	55,500
JOHNSON & JOHNSON COM	CS	478160104	494	3,388	SH		SOLE	0	900	0	2,488
JOYY INC ADR	CS	46591M109	10,445	197,864	SH		SOLE	0	57,964	0	139,900
JOYY INC REPSTG A ADR	CS	46591M109	1,281	24,275	SH		DFND	0	24,059	0	216
JULIUS BAER GROUP LTD UN ADR	CS	48137C108	2,394	233,420	SH		DFND	0	231,376	0	2,044
KDDI CORP ADR	CS	48667L106	3,073	206,400	SH		SOLE	0	0	0	206,400
KELLOGG CO	CS	487836108	261	3,771	SH		SOLE	0	0	0	3,771
KENTUCKY BANCSHARES INC	CS	491203105	395	16,800	SH		SOLE	0	16,800	0	0
KERING UNSPONSORED ADR	CS	492089107	3,556	54,400	SH		SOLE	0	0	0	54,400
KIMBERLY CLARK CORP COM	CS	494368103	277	2,015	SH		SOLE	0	0	0	2,015
KOHLS CORP	CS	500255104	17,653	346,471	SH		SOLE	0	29,620	0	316,851
KOMATSU LTD	CS	500458401	11,481	477,574	SH		SOLE	0	143,374	0	334,200
KOMATSU LTD SPON ADR NEW	CS	500458401	1,314	54,673	SH		DFND	0	54,177	0	496
KONINKLIJKE	CS	500467501	14,421	574,538	SH		SOLE	0	174,538	0	400,000
KONINKLIJKE AHOLD DELHAIZE NV	CS	500467501	1,760	70,100	SH		DFND	0	69,427	0	673
LAM RESEARCH	CS	512807108	19,481	66,626	SH		SOLE	0	176	0	66,450
LAZARD LTD	CS	G54050102	17,169	429,649	SH		SOLE	0	125,149	0	304,500
LINCOLN NATIONAL CORP	CS	534187109	32,077	543,585	SH		SOLE	0	73,868	0	469,717
LVMH Moet Hennessy	CS	502441306	21,321	228,593	SH		SOLE	0	68,693	0	159,900
LVMH MOET HENNESSY LOUIS VUITT	CS	502441306	2,621	28,106	SH		DFND	0	27,806	0	300
LYONDELLBASELL INDUSTRIES	CS	N53745100	20,319	215,063	SH		SOLE	0	63,424	0	151,639
LYONDELLBASELL NV CL-A	CS	N53745100	1,898	20,091	SH		DFND	0	19,907	0	184
MACYS INC	CS	55616P104	17,497	1,029,214	SH		SOLE	0	29,451	0	999,763
MAGNA INTERNATIONAL INC	CS	559222401	22,071	402,466	SH		SOLE	0	103,816	0	298,650
MAGNA INTERNATIONAL INC	CS	559222401	2,208	40,271	SH		DFND	0	39,875	0	396
MARATHON PETROLEUM CORP	CS	56585A102	25,937	430,483	SH		SOLE	0	60,826	0	369,657
MCDONALDS CORP	CS	580135101	984	4,980	SH		SOLE	0	2,819	0	2,161
MEDTRONIC INC	CS	G5960L103	63,549	560,153	SH		SOLE	0	110,791	0	449,362
MEDTRONIC PLC SHS	CS	G5960L103	2,872	25,313	SH		DFND	0	25,063	0	250
MELCO RESORT ENTMT LTD	CS	585464100	2,244	92,840	SH		DFND	0	92,019	0	821
MELCO RESORTS AND ENTERTAINMEN	CS	585464100	18,609	769,933	SH		SOLE	0	220,933	0	549,000
MERCK & CO INC	CS	58933Y105	16,918	186,016	SH		SOLE	0	1,666	0	184,350
METHANEX CORP	CS	59151K108	3,044	78,800	SH		SOLE	0	0	0	78,800
MICROSOFT CORP	CS	594918104	2,646	16,779	SH		SOLE	0	11,706	0	5,073
MITSUBISHI UFJ FINCL GRP ADS	CS	606822104	1,133	208,732	SH		DFND	0	206,931	0	1,801
MITSUBISHI UFJ FINL GROUP ADR	CS	606822104	9,802	1,805,001	SH		SOLE	0	541,901	0	1,263,100
MOBILE TELESYSTEMS OJSC	CS	607409109	25,141	2,476,965	SH		SOLE	0	648,065	0	1,828,900
MOBILE TELESYSTEMS PJSC	CS	607409109	2,479	244,240	SH		DFND	0	241,633	0	2,607
MOMO INC	CS	60879B107	17,638	526,500	SH		SOLE	0	159,900	0	366,600
MOMO INC	CS	60879B107	1,903	56,813	SH		DFND	0	56,204	0	609
MORGAN STANLEY COM NEW	CS	617446448	48,601	950,724	SH		SOLE	0	128,012	0	822,712
MOWI ASA ADR	CS	624678108	3,265	124,900	SH		SOLE	0	0	0	124,900
NATIONAL GRID TRANSCO PLC ADR	CS	636274409	943	15,051	SH		SOLE	0	10,805	0	4,246
NETEASE INC. ADR	CS	64110W102	19,773	64,485	SH		SOLE	0	19,585	0	44,900
NETEASE.COM INC ADS	CS	64110W102	2,188	7,135	SH		DFND	0	7,066	0	69
NEW ORIENTAL ED & TECH GRP ADR	CS	647581107	2,589	21,354	SH		DFND	0	21,104	0	250
NEW ORIENTAL EDUCATION ADR	CS	647581107	20,340	167,748	SH		SOLE	0	50,548	0	117,200
NEWELL RUBBERMAID INC	CS	651229106	15,828	823,512	SH		SOLE	0	2,182	0	821,330
NIPPON TELEG & TEL CORP	CS	654624105	19,559	387,287	SH		SOLE	0	108,087	0	279,200
NIPPON TELEGRAPH&TELEPHONE ADS	CS	654624105	2,234	44,230	SH		DFND	0	43,764	0	466
NRG ENERGY INC	CS	629377508	15,648	393,649	SH		SOLE	0	1,609	0	392,040
NTT DOCOMO, IN	CS	62942M201	280	10,088	SH		SOLE	0	10,088	0	0
NUVEEN KENTUCKY MUNICIPAL BOND	BF	67065R804	1,872	169,912	SH		SOLE	0	40,360	0	129,552
NVIDIA CORP	CS	67066g104	429	1,825	SH		SOLE	0	0	0	1,825
NVR INC	CS	62944T105	35,765	9,391	SH		SOLE	0	1,267	0	8,124
NXP SEMICONDUCTORS NV	CS	N6596X109	2,875	22,588	SH		DFND	0	22,354	0	234
NXP SEMICONDUCTORS NV	CS	N6596X109	28,436	223,446	SH		SOLE	0	60,046	0	163,400
OMEGA HEALTHCARE INVS	CS	681936100	1,616	38,147	SH		SOLE	0	30,861	0	7,286
ON SEMICONDUCTOR CORP	CS	682189105	40,635	1,666,706	SH		SOLE	0	225,703	0	1,441,003
ORIX CORP	CS	686330101	2,302	27,600	SH		DFND	0	27,331	0	269
ORIX CORP ADR	CS	686330101	20,176	241,889	SH		SOLE	0	72,789	0	169,100
OSHKOSH CORPORATION	CS	688239201	40,536	428,272	SH		SOLE	0	58,098	0	370,174
PACWEST BANCORP	CS	695263103	804	21,015	SH		SOLE	0	14,942	0	6,073
PHILIP MORRIS INTL INC COM	CS	718172109	1,887	22,174	SH		SOLE	0	17,931	0	4,243
PHILLIPS 66	CS	718546104	33,710	302,570	SH		SOLE	0	41,000	0	261,570
PHILLIPS-VAN HEUSEN CORP	CS	693656100	18,398	174,973	SH		SOLE	0	713	0	174,260
PING AN INSURANCE ADR	CS	72341E304	2,355	98,944	SH		DFND	0	97,917	0	1,027
PING AN INSURANCE GROUP	CS	72341E304	23,285	978,367	SH		SOLE	0	261,167	0	717,200
PJSC GAZPROM ADR	CS	368287207	3,354	408,070	SH		SOLE	0	0	0	408,070
PJSC LUKOIL CO ADR	CS	69343P105	36,686	371,657	SH		SOLE	0	119,282	0	252,375
PJSC LUKOIL SPONSORED ADR	CS	69343P105	4,265	43,207	SH		DFND	0	42,776	0	431
PROCTER & GAMBLE	CS	742718109	502	4,021	SH		SOLE	0	1,267	0	2,754
PROGRESSIVE CORP OHIO	CS	743315103	31,182	430,745	SH		SOLE	0	49,553	0	381,192
PULTEGROUP INC.	CS	745867101	36,474	940,043	SH		SOLE	0	127,593	0	812,450
QORVO, INC	CS	74736K101	39,308	338,193	SH		SOLE	0	46,171	0	292,022
QUALCOMM INC	CS	747525103	17,779	201,504	SH		SOLE	0	814	0	200,690
RANDSTAD NV ADR UNSPON	CS	75279Q108	3,393	111,900	SH		SOLE	0	0	0	111,900
RELX PLC	CS	759530108	217	8,578	SH		SOLE	0	8,578	0	0
REPSOL S.A.	CS	76026T205	27,912	1,780,097	SH		SOLE	0	527,797	0	1,252,300
REPSOL SA SPON ADR	CS	76026T205	2,805	178,897	SH		DFND	0	177,121	0	1,776
RIO TINTO PLC ADR	CS	767204100	61,579	1,037,397	SH		SOLE	0	208,139	0	829,258
RIO TINTO PLC SPON ADR	CS	767204100	3,111	52,413	SH		DFND	0	51,889	0	524
ROSS STORES INC COM	CS	778296103	413	3,544	SH		SOLE	0	0	0	3,544
ROYAL DUTCH SHELL PLC	CS	780259206	51,107	866,511	SH		SOLE	0	184,723	0	681,788
ROYAL DUTCH SHELL PLC	CS	780259206	2,845	48,238	SH		DFND	0	47,808	0	430
S&P DEPOSITORY RECEIPTS (SPDR)	ETF	78462F103	3,235	10,052	SH		SOLE	0	10,052	0	0
SBERBANK OF RUSSIA	CS	80585Y308	27,211	1,659,188	SH		SOLE	0	493,691	0	1,165,497
SBERBANK RUSSIA SPONSORED ADR	CS	80585Y308	2,837	172,979	SH		DFND	0	171,109	0	1,870
SEMPRA ENERGY	CS	816851109	15,997	105,610	SH		SOLE	0	14,407	0	91,203
SENSATA TECHNOLOGIES HLDG PLC	CS	G8060N102	2,308	42,839	SH		DFND	0	42,398	0	441
SENSATA TECHNOLOGIES HOLDING P	CS	G8060N102	18,723	347,566	SH		SOLE	0	105,066	0	242,500
SHIONOGI & CO LTD UNSP	CS	824667109	16,509	1,061,656	SH		SOLE	0	312,756	0	748,900
SHIONOGI & CO LTD UNSPONS ADR	CS	824667109	1,886	121,298	SH		DFND	0	120,054	0	1,244
SMITH & NEPHEW PLC ADR	CS	83175M205	290	6,038	SH		SOLE	0	6,038	0	0
SOUTHWEST AIRLINES	CS	844741108	23,202	429,843	SH		SOLE	0	56,984	0	372,859
SPDR S&P DIVIDEND FUND	MF	78464A763	4,485	41,688	SH		SOLE	0	41,688	0	0
STANTEC, INC	CS	85472N109	3,727	131,700	SH		SOLE	0	0	0	131,700
SUMITOMO MITSUI FINCL GR	CS	86562M209	9,612	1,297,163	SH		SOLE	0	393,863	0	903,300
SUMITOMO MITSUI FINL GROUP INC	CS	86562M209	1,140	153,864	SH		DFND	0	152,224	0	1,640
SUN LIFE FINANCIAL	CS	866796105	20,957	459,889	SH		SOLE	0	158,515	0	301,374
SUN LIFE FINL SVCS CDA INC	CS	866796105	2,240	49,152	SH		DFND	0	48,643	0	509
SYNCHRONY FINANCIAL	CS	87165B103	16,284	452,217	SH		SOLE	0	1,197	0	451,020
TAIWAN SEMICONDUCTOR MFG CO AD	CS	874039100	31,359	539,734	SH		SOLE	0	163,834	0	375,900
TAIWAN SMCNDCTR MFG CO LTD ADR	CS	874039100	3,641	62,666	SH		DFND	0	62,008	0	658
TAPESTRY	CS	876030107	819	30,381	SH		SOLE	0	21,341	0	9,040
TARGET CORP COM	CS	87612E106	31,440	245,226	SH		SOLE	0	14,255	0	230,971
TE CONNECTIVITY LTD.	CS	H84989104	39,025	407,188	SH		SOLE	0	55,925	0	351,263
TECHTRONIC IND LTD SPONS ADR	CS	87873R101	2,699	65,793	SH		DFND	0	65,133	0	660
TECHTRONIC INDUSTRIES CO	CS	87873R101	26,826	653,990	SH		SOLE	0	174,990	0	479,000
TEXAS ROADHOUSE	CS	882681109	2,582	45,850	SH		SOLE	0	45,850	0	0
TOKYO ELECTRON LTD	CS	889110102	22,256	407,401	SH		SOLE	0	141,956	0	265,445
TOKYO ELECTRON LTD UNSPON ADR	CS	889110102	2,371	43,395	SH		DFND	0	42,933	0	462
TOTAL S A SPON ADR	CS	89151E109	3,071	55,527	SH		DFND	0	55,014	0	513
TOTAL SA	CS	89151E109	75,531	1,365,848	SH		SOLE	0	281,521	0	1,084,327
TRUIST FINL CORP	CS	89832Q109	30,027	533,146	SH		SOLE	0	71,703	0	461,443
UBS GROUP AG	CS	H42097107	10,039	798,005	SH		SOLE	0	242,405	0	555,600
UBS GROUP AG SHS	CS	H42097107	1,049	83,380	SH		DFND	0	82,531	0	849
UNILEVER NV	CS	904784709	2,567	44,676	SH		SOLE	0	44,676	0	0
UNION PAC CORP COM	CS	907818108	31,217	172,672	SH		SOLE	0	23,746	0	148,926
UNITED HEALTHCARE CORP	CS	91324p102	35,962	122,327	SH		SOLE	0	16,317	0	106,010
UNITED RENTALS INC	CS	911363109	49,238	295,246	SH		SOLE	0	40,455	0	254,791
UNITED TECHNOLOGIES CORP COM	CS	913017109	21,804	145,591	SH		SOLE	0	20,462	0	125,129
VANGUARD BD INDEX FD INC	BF	921937827	609	7,555	SH		SOLE	0	7,555	0	0
VANGUARD S&P 500 ETF	ETF	922908363	1,747	5,905	SH		SOLE	0	5,905	0	0
VEOLIA ENVIRONMENT	CS	92334N103	12,477	469,435	SH		SOLE	0	142,435	0	327,000
VEOLIA ENVIRONMENT	CS	92334N103	1,487	55,929	SH		DFND	0	55,354	0	575
VERIZON COMMUNICATIONS	CS	92343V104	27,631	450,009	SH		SOLE	0	70,592	0	379,417
VERMILION ENERGY INC	CS	923725105	289	17,672	SH		SOLE	0	12,458	0	5,214
VIPSHOP HLDGS LTD ADS	CS	92763W103	2,268	160,066	SH		DFND	0	158,432	0	1,634
VIPSHOP HOLDINGS LTD ADS	CS	92763W103	24,202	1,707,908	SH		SOLE	0	424,508	0	1,283,400
WALGREENS BOOT ALLIANCE, INC	CS	931427108	16,606	281,650	SH		SOLE	0	1,165	0	280,485
WHIRLPOOL CORP	CS	963320106	14,574	98,790	SH		SOLE	0	400	0	98,390
WILLIS TOWERS WATSON	CS	G96629103	3,049	15,100	SH		SOLE	0	0	0	15,100
WNS HOLDINGS LIMITED	CS	92932M101	1,583	23,929	SH		DFND	0	23,671	0	258
WNS HOLDINGS LTD	CS	92932M101	13,793	208,503	SH		SOLE	0	62,703	0	145,800
XEROX HOLDINGS CORP	CS	98421M106	18,877	511,984	SH		SOLE	0	1,344	0	510,640
YANDEX N.V.	CS	N97284108	19,893	457,413	SH		SOLE	0	137,613	0	319,800
YANDEX N.V. A	CS	N97284108	2,301	52,911	SH		DFND	0	52,365	0	546
ZIONS BANCORPORATION	CS	989701107	27,615	531,890	SH		SOLE	0	72,236	0	459,654
ZTO EXPRESS CAYMAN INC CL A	CS	98980A105	2,563	109,777	SH		DFND	0	108,633	0	1,144
ZTO EXPRESS INC	CS	98980A105	25,911	1,109,678	SH		SOLE	0	292,478	0	817,200