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
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
AARON'S INC	CS	002535300	22,806	502,348	SH		SOLE	0	51,253	0	451,095
ABBVIE	CS	00287Y109	29,863	304,167	SH		SOLE	0	43,938	0	260,229
ADECCO GROUP ADR	CS	006754204	2,839	120,800	SH		SOLE	0	0	0	120,800
AERCAP HOLDINGS NV	CS	N00985106	2,278	73,946	SH		DFND	0	73,195	0	751
AERCAP HOLDINGS NV	CS	N00985106	19,794	642,642	SH		SOLE	0	197,142	0	445,500
AKAMAI TECHNOLGIES	CS	00971T101	7,347	68,604	SH		SOLE	0	6,983	0	61,621
ALIBABA GROUP HOLDING	CS	01609W102	24,054	111,516	SH		SOLE	0	34,116	0	77,400
ALIBABA GROUP HOLDING	CS	01609W102	2,888	13,388	SH		DFND	0	13,251	0	137
ALLIANZ SE	CS	018820100	1,471	71,687	SH		SOLE	0	58,309	0	13,378
ALPHABET INC	CS	02079K305	38,351	27,045	SH		SOLE	0	2,745	0	24,300
ALTRIA GROUP INC COM	CS	02209S103	12,880	328,139	SH		SOLE	0	53,893	0	274,246
AMDOCS LTD	CS	G02602103	1,830	30,054	SH		DFND	0	29,754	0	300
AMDOCS LTD	CS	G02602103	18,788	308,617	SH		SOLE	0	81,617	0	227,000
AMERICAN EXPRESS CO	CS	025816109	23,385	245,648	SH		SOLE	0	25,319	0	220,329
AMERIPRISE FINANCIAL INC	CS	03076C106	44,406	295,960	SH		SOLE	0	19,546	0	276,414
AMGEN INC	CS	031162100	39,284	166,553	SH		SOLE	0	17,345	0	149,208
ANTHEM, INC	CS	036752103	19,346	73,563	SH		SOLE	0	7,528	0	66,035
AON CORP.	CS	G0403H108	1,668	8,658	SH		DFND	0	8,564	0	94
AON CORP.	CS	G0403H108	15,071	78,252	SH		SOLE	0	23,245	0	55,007
APPLE COMPUTER INC	CS	037833100	47,262	129,557	SH		SOLE	0	14,160	0	115,397
APPLIED MATERIALS	CS	038222105	15,201	251,472	SH		SOLE	0	682	0	250,790
APTIV PLC ORDINARY	CS	G6095L109	3,094	39,706	SH		DFND	0	39,300	0	406
APTIV PLC ORDINARY	CS	G6095L109	60,000	770,009	SH		SOLE	0	151,302	0	618,707
ASHTEAD GROUP PLC UNSP	CS	045055100	3,355	24,949	SH		DFND	0	24,687	0	262
ASHTEAD GROUP PLC UNSP	CS	045055100	25,159	187,101	SH		SOLE	0	57,501	0	129,600
AT&T INC COM	CS	00206R102	1,191	39,406	SH		SOLE	0	26,728	0	12,678
AUTOZONE INC	CS	053332102	27,866	24,701	SH		SOLE	0	2,517	0	22,184
AXA- SPONS ADR	CS	054536107	1,334	63,858	SH		DFND	0	63,236	0	622
AXA- SPONS ADR	CS	054536107	11,954	572,235	SH		SOLE	0	195,845	0	376,390
B A S F A G	CS	055262505	947	67,668	SH		DFND	0	66,980	0	688
B A S F A G	CS	055262505	7,915	565,369	SH		SOLE	0	166,469	0	398,900
BANK NOVA SCOTIA HALIFAX	CS	064149107	939	22,777	SH		SOLE	0	18,451	0	4,326
BANK OF AMERICA CORPORATION	CS	060505104	31,465	1,324,812	SH		SOLE	0	135,570	0	1,189,242
BANK OF MONTREAL	CS	063671101	1,485	27,996	SH		DFND	0	27,736	0	260
BANK OF MONTREAL	CS	063671101	10,951	206,421	SH		SOLE	0	61,521	0	144,900
BAYER AG ADR	CS	072730302	2,825	151,700	SH		SOLE	0	0	0	151,700
BEST BUY INC COM	CS	086516101	27,016	309,561	SH		SOLE	0	13,408	0	296,153
BLACKROCK INC	CS	09247X101	297	546	SH		SOLE	0	336	0	210
BNP PARIBAS PA ADR	CS	05565A202	1,449	72,786	SH		DFND	0	72,035	0	751
BNP PARIBAS PA ADR	CS	05565A202	11,923	598,847	SH		SOLE	0	173,747	0	425,100
BOOKING HOLDINGS INC	CS	09857L108	24,546	15,415	SH		SOLE	0	1,596	0	13,819
BRISTOL MYERS SQUIBB CO	CS	110122108	30,188	513,403	SH		SOLE	0	31,349	0	482,054
BRITISH AMERN TOB PLC ADR	CS	110448107	1,549	39,903	SH		DFND	0	39,501	0	402
BRITISH AMERN TOB PLC ADR	CS	110448107	13,193	339,830	SH		SOLE	0	52,530	0	287,300
BROADCOM LTD	CS	11135F101	33,089	104,839	SH		SOLE	0	15,069	0	89,770
BROWN FORMAN CL B	CS	115637209	209	3,279	SH		SOLE	0	937	0	2,342
CANADIAN NATL RY CO	CS	136375102	1,669	18,839	SH		DFND	0	18,645	0	194
CANADIAN NATL RY CO	CS	136375102	15,740	177,717	SH		SOLE	0	52,517	0	125,200
CHEVRON CORP NEW COM	CS	166764100	20,881	234,016	SH		SOLE	0	33,196	0	200,820
CHINA OVERSEAS LAND & INVESTME	CS	169403201	878	58,655	SH		DFND	0	58,026	0	629
CHINA OVERSEAS LAND & INVESTME	CS	169403201	7,351	491,075	SH		SOLE	0	144,675	0	346,400
CISCO SYS INC COM	CS	17275R102	30,881	662,122	SH		SOLE	0	67,315	0	594,807
CITIGROUP INC	CS	172967424	13,685	267,805	SH		SOLE	0	725	0	267,080
CITIZENS FINANCIAL GROUP INC	CS	174610105	37,438	1,483,297	SH		SOLE	0	196,022	0	1,287,275
CNOOC LTD	CS	126132109	2,074	18,376	SH		DFND	0	18,195	0	181
CNOOC LTD	CS	126132109	17,481	154,924	SH		SOLE	0	45,724	0	109,200
COGNIZANT TECH	CS	192446102	13,011	228,994	SH		SOLE	0	23,433	0	205,561
COMCAST CORP CL A	CS	20030N101	13,101	336,081	SH		SOLE	0	34,834	0	301,247
COMERICA INC.	CS	200340107	14,184	372,287	SH		SOLE	0	997	0	371,290
CONOCOPHILLIPS	CS	20825C104	13,941	331,757	SH		SOLE	0	33,856	0	297,901
CORESITE REALTY CORP.	CS	21870Q105	14,295	118,076	SH		SOLE	0	11,362	0	106,714
CREDIT SUISSE GROUP (ADS)	CS	225401108	2,768	268,500	SH		SOLE	0	0	0	268,500
CRH PLC ADR	CS	12626K203	2,055	59,897	SH		DFND	0	59,273	0	624
CRH PLC ADR	CS	12626K203	18,028	525,449	SH		SOLE	0	159,449	0	366,000
DAITO TRUST CONSTRUCTION	CS	23405X209	2,197	96,100	SH		SOLE	0	0	0	96,100
DANONE SPON ADR	CS	23636T100	1,842	133,460	SH		DFND	0	132,139	0	1,321
DANONE SPON ADR	CS	23636T100	15,843	1,147,917	SH		SOLE	0	344,117	0	803,800
DAVITA INC	CS	23918k108	23,846	301,316	SH		SOLE	0	14,632	0	286,684
DBS GROUP HOLDINGS LTD	CS	23304Y100	2,191	36,427	SH		DFND	0	36,062	0	365
DBS GROUP HOLDINGS LTD	CS	23304Y100	18,496	307,504	SH		SOLE	0	92,404	0	215,100
DOLLAR GENERAL CORP	CS	256677105	13,851	72,707	SH		SOLE	0	307	0	72,400
EASTMAN CHEMICAL CO	CS	277432100	14,780	212,248	SH		SOLE	0	21,292	0	190,956
EATON CORP PLC	CS	G29183103	1,479	16,903	SH		SOLE	0	13,774	0	3,129
EATON VANCE MUNICIPAL BD	CS	27827X101	290	22,829	SH		SOLE	0	22,829	0	0
EBAY INC	CS	278642103	18,654	355,651	SH		SOLE	0	1,521	0	354,130
ENI S P A	CS	26874R108	1,197	62,115	SH		DFND	0	61,550	0	565
ENI S P A	CS	26874R108	9,281	481,668	SH		SOLE	0	147,768	0	333,900
ERICSSON	CS	294821608	1,272	136,787	SH		DFND	0	135,351	0	1,436
ERICSSON	CS	294821608	11,459	1,232,200	SH		SOLE	0	378,200	0	854,000
EXPEDITORS INTL	CS	302130109	13,028	171,331	SH		SOLE	0	731	0	170,600
EXXON MOBIL	CS	30231G102	492	10,998	SH		SOLE	0	6,630	0	4,368
F5 NETWORKS	CS	315616102	23,743	170,220	SH		SOLE	0	17,251	0	152,969
FIFTH THIRD BANCORP	CS	316773100	17,875	927,139	SH		SOLE	0	94,486	0	832,653
FIRST FINANCIAL BANCORP	CS	320209109	166	11,964	SH		SOLE	0	11,964	0	0
FORTESCUE METAL GROUP	CS	34959A206	3,035	158,000	SH		SOLE	0	0	0	158,000
FRESENIUS MEDICAL CARE AG & CO	CS	358029106	1,568	36,220	SH		DFND	0	35,844	0	376
FRESENIUS MEDICAL CARE AG & CO	CS	358029106	13,789	318,589	SH		SOLE	0	94,589	0	224,000
FUJIFILM HOLDINGS CORP	CS	35958N107	1,604	37,433	SH		DFND	0	37,054	0	379
FUJIFILM HOLDINGS CORP	CS	35958N107	11,901	277,801	SH		SOLE	0	85,301	0	192,500
GAZPROM NEFT	CS	36829G107	2,337	101,600	SH		SOLE	0	0	0	101,600
GENERAL MILLS	CS	370334104	2,103	34,110	SH		SOLE	0	25,312	0	8,798
GLAXOSMITHKLINE PLC	CS	37733W105	912	22,352	SH		SOLE	0	22,352	0	0
GRIFOLS, S.A. ADR	CS	398438408	1,432	78,510	SH		DFND	0	77,716	0	794
GRIFOLS, S.A. ADR	CS	398438408	12,890	706,703	SH		SOLE	0	207,603	0	499,100
HDFC BANK LTD	CS	40415F101	2,191	48,194	SH		DFND	0	47,728	0	466
HDFC BANK LTD	CS	40415F101	20,308	446,714	SH		SOLE	0	137,114	0	309,600
HILTON WORLDWIDE	CS	43300A203	13,448	183,096	SH		SOLE	0	496	0	182,600
HOME DEPOT	CS	437076102	29,196	116,546	SH		SOLE	0	12,177	0	104,369
HUMANA INC	CS	444859102	14,170	36,543	SH		SOLE	0	227	0	36,316
ICON PLC - AMERICAN DEPOSITARY	CS	G4705A100	1,422	8,442	SH		DFND	0	8,349	0	93
ICON PLC - AMERICAN DEPOSITARY	CS	G4705A100	13,038	77,393	SH		SOLE	0	23,493	0	53,900
IHS MARKIT LTD	CS	G47567105	3,380	44,763	SH		DFND	0	44,291	0	472
IHS MARKIT LTD	CS	G47567105	28,047	371,487	SH		SOLE	0	111,987	0	259,500
ILLINOIS TOOL WKS INC COM	CS	452308109	30,554	174,740	SH		SOLE	0	18,057	0	156,683
INCYTE CORP	CS	45337C102	14,670	141,103	SH		SOLE	0	603	0	140,500
INFOSYS TECHNOLOGIES LTD	CS	456788108	1,315	136,110	SH		DFND	0	134,747	0	1,363
INFOSYS TECHNOLOGIES LTD	CS	456788108	14,485	1,499,512	SH		SOLE	0	365,012	0	1,134,500
ING GROUP N V	CS	456837103	1,293	187,432	SH		DFND	0	185,813	0	1,619
ING GROUP N V	CS	456837103	11,961	1,733,509	SH		SOLE	0	531,609	0	1,201,900
INTEL CORP	CS	458140100	34,990	584,823	SH		SOLE	0	59,650	0	525,173
INTL. BUSINESS MACHS CO	CS	459200101	1,083	8,966	SH		SOLE	0	6,870	0	2,096
IQVIA HOLDINGS INC	CS	46266C105	29,139	205,377	SH		SOLE	0	20,939	0	184,438
ISHARES BARCLAYS TIPS BOND FUN	ETF	464287176	253	2,060	SH		SOLE	0	2,060	0	0
ISHARES NATIONAL MUNI BOND ETF	ETF	464288414	659	5,730	SH		SOLE	0	0	0	5,730
ISHARES MSCI ACWI EX US	ETF	464288240	204	4,720	SH		DFND	0	4,608	0	112
ITAU UNIBANCO HOLDINGS SA	CS	465562106	1,231	262,440	SH		DFND	0	260,024	0	2,416
ITAU UNIBANCO HOLDINGS SA	CS	465562106	10,306	2,197,504	SH		SOLE	0	673,604	0	1,523,900
ITOCHU CORPORATION	CS	465717106	2,586	59,900	SH		SOLE	0	0	0	59,900
J P MORGAN CHASE & CO	CS	46625H100	43,695	464,540	SH		SOLE	0	47,378	0	417,162
JAZZ PHARMACEUTICALS INC	CS	G50871105	2,766	25,064	SH		SOLE	0	2,198	0	22,866
JOHNSON & JOHNSON COM	CS	478160104	467	3,323	SH		SOLE	0	835	0	2,488
JOYY INC ADR	CS	46591M109	2,125	23,996	SH		DFND	0	23,741	0	255
JOYY INC ADR	CS	46591M109	13,026	147,101	SH		SOLE	0	45,201	0	101,900
JULIUS BAER GROUP LTD	CS	48137C108	1,685	202,787	SH		DFND	0	200,691	0	2,096
JULIUS BAER GROUP LTD	CS	48137C108	26	3,088	SH		SOLE	0	3,088	0	0
KDDI CORP ADR	CS	48667L106	2,414	162,100	SH		SOLE	0	0	0	162,100
KELLOGG CO	CS	487836108	216	3,274	SH		SOLE	0	0	0	3,274
KENTUCKY BANCSHARES INC	CS	491203105	279	16,800	SH		SOLE	0	16,800	0	0
KIMBERLY CLARK CORP COM	CS	494368103	213	1,510	SH		SOLE	0	0	0	1,510
KOMATSU LTD	CS	500458401	1,006	49,193	SH		DFND	0	48,683	0	510
KOMATSU LTD	CS	500458401	9,115	445,940	SH		SOLE	0	135,740	0	310,200
KONINKLIJKE	CS	500467501	1,957	72,040	SH		DFND	0	71,321	0	719
KONINKLIJKE	CS	500467501	18,354	675,737	SH		SOLE	0	174,137	0	501,600
KONINKLIJKE PHILIPS ELECT	CS	500472303	1,257	26,837	SH		DFND	0	26,551	0	286
KONINKLIJKE PHILIPS ELECT	CS	500472303	14,039	299,721	SH		SOLE	0	73,621	0	226,100
LAM RESEARCH	CS	512807108	15,642	48,359	SH		SOLE	0	209	0	48,150
LAZARD LTD	CS	G54050102	12,302	429,680	SH		SOLE	0	125,180	0	304,500
LINCOLN NATIONAL CORP	CS	534187109	20,695	562,533	SH		SOLE	0	58,076	0	504,457
LIVANOVA PLC	CS	G5509L101	200	4,160	SH		SOLE	0	4,160	0	0
LOCKHEED MARTIN	CS	539830109	22,548	61,789	SH		SOLE	0	3,049	0	58,740
LOWE'S CO.	CS	548661107	17,411	128,853	SH		SOLE	0	353	0	128,500
LUMENTUM HOLDINGS INC	CS	55024U109	11,113	136,472	SH		SOLE	0	14,049	0	122,423
LVMH Moet Hennessy	CS	502441306	2,425	27,421	SH		DFND	0	27,129	0	292
LVMH Moet Hennessy	CS	502441306	20,199	228,432	SH		SOLE	0	68,532	0	159,900
LYONDELLBASELL INDUSTRIES	CS	N53745100	1,400	21,306	SH		DFND	0	21,100	0	206
LYONDELLBASELL INDUSTRIES	CS	N53745100	28,871	439,305	SH		SOLE	0	66,129	0	373,176
MAGNA INTERNATIONAL INC	CS	559222401	2,026	45,504	SH		DFND	0	45,067	0	437
MAGNA INTERNATIONAL INC	CS	559222401	23,834	535,236	SH		SOLE	0	162,748	0	372,488
MARATHON PETROLEUM CORP	CS	56585A102	10,799	288,889	SH		SOLE	0	31,626	0	257,263
MCDONALDS CORP	CS	580135101	883	4,788	SH		SOLE	0	2,627	0	2,161
MEDTRONIC INC	CS	G5960L103	2,261	24,655	SH		DFND	0	24,407	0	248
MEDTRONIC INC	CS	G5960L103	45,496	496,134	SH		SOLE	0	91,979	0	404,155
MELCO RESORTS AND ENTERTAINMEN	CS	585464100	1,282	82,626	SH		DFND	0	81,771	0	855
MELCO RESORTS AND ENTERTAINMEN	CS	585464100	11,941	769,393	SH		SOLE	0	220,393	0	549,000
METLIFE INC.	CS	59156R108	1,324	36,242	SH		SOLE	0	28,449	0	7,793
MICROSOFT CORP	CS	594918104	3,162	15,538	SH		SOLE	0	10,465	0	5,073
MITSUBISHI CORP	CS	606769305	2,373	56,300	SH		SOLE	0	0	0	56,300
MITSUBISHI UFJ FINL GROUP ADR	CS	606822104	862	219,375	SH		DFND	0	217,207	0	2,168
MITSUBISHI UFJ FINL GROUP ADR	CS	606822104	7,088	1,803,729	SH		SOLE	0	540,629	0	1,263,100
MOBILE TELESYSTEMS OJSC	CS	607409109	2,278	247,854	SH		DFND	0	245,352	0	2,502
MOBILE TELESYSTEMS OJSC	CS	607409109	22,284	2,424,778	SH		SOLE	0	646,578	0	1,778,200
MOMO INC	CS	60879B107	1,327	75,914	SH		DFND	0	75,279	0	635
MOMO INC	CS	60879B107	11,233	642,615	SH		SOLE	0	197,015	0	445,600
MORGAN STANLEY COM NEW	CS	617446448	37,615	778,781	SH		SOLE	0	77,906	0	700,875
MOWI ASA ADR	CS	624678108	2,546	133,700	SH		SOLE	0	0	0	133,700
NATIONAL GRID TRANSCO PLC ADR	CS	636274409	1,447	23,827	SH		SOLE	0	19,298	0	4,529
NETEASE INC. ADR	CS	64110W102	2,874	6,694	SH		DFND	0	6,626	0	68
NETEASE INC. ADR	CS	64110W102	28,299	65,905	SH		SOLE	0	18,105	0	47,800
NEW ORIENTAL EDUCATION ADR	CS	647581107	2,147	16,486	SH		DFND	0	16,265	0	221
NEW ORIENTAL EDUCATION ADR	CS	647581107	18,184	139,630	SH		SOLE	0	42,430	0	97,200
NIPPON TELEG & TEL CORP	CS	654624105	1,629	70,079	SH		DFND	0	69,370	0	709
NIPPON TELEG & TEL CORP	CS	654624105	13,762	592,156	SH		SOLE	0	175,756	0	416,400
NORDSTROM INC	CS	655664100	9,332	602,480	SH		SOLE	0	1,580	0	600,900
NRG ENERGY INC	CS	629377508	13,287	408,090	SH		SOLE	0	1,750	0	406,340
NUTRIEN LTD	CS	67077M108	2,109	65,700	SH		SOLE	0	0	0	65,700
NVIDIA CORP	CS	67066g104	693	1,825	SH		SOLE	0	0	0	1,825
NVR INC	CS	62944T105	28,091	8,620	SH		SOLE	0	851	0	7,769
NXP SEMICONDUCTORS NV	CS	N6596X109	2,688	23,575	SH		DFND	0	23,331	0	244
NXP SEMICONDUCTORS NV	CS	N6596X109	22,581	198,009	SH		SOLE	0	59,909	0	138,100
OMEGA HEALTHCARE INVS	CS	681936100	1,151	38,719	SH		SOLE	0	30,947	0	7,772
ON SEMICONDUCTOR CORP	CS	682189105	31,538	1,591,236	SH		SOLE	0	161,277	0	1,429,959
OPEN TEXT CORPORATION	CS	683715106	1,242	29,233	SH		DFND	0	28,928	0	305
OPEN TEXT CORPORATION	CS	683715106	21,547	507,228	SH		SOLE	0	105,805	0	401,423
ORACLE CORP COM	CS	68389X105	12,802	231,626	SH		SOLE	0	626	0	231,000
ORIX CORP ADR	CS	686330101	1,773	28,779	SH		DFND	0	28,485	0	294
ORIX CORP ADR	CS	686330101	14,891	241,722	SH		SOLE	0	72,622	0	169,100
OSHKOSH CORPORATION	CS	688239201	25,165	351,377	SH		SOLE	0	35,737	0	315,640
PACWEST BANCORP	CS	695263103	752	38,170	SH		SOLE	0	30,892	0	7,278
PANASONIC CORPORATION	CS	69832A205	101	11,643	SH		SOLE	0	11,643	0	0
PERSIMMON PLC	CS	715318101	2,664	46,900	SH		SOLE	0	0	0	46,900
PFIZER INC	CS	717081103	1,079	32,983	SH		SOLE	0	32,983	0	0
PHILIP MORRIS INTL INC COM	CS	718172109	1,545	22,047	SH		SOLE	0	17,804	0	4,243
PHILLIPS 66	CS	718546104	16,290	226,572	SH		SOLE	0	22,981	0	203,591
PING AN INSURANCE GROUP	CS	72341E304	2,054	103,412	SH		DFND	0	102,377	0	1,035
PING AN INSURANCE GROUP	CS	72341E304	17,091	860,576	SH		SOLE	0	260,576	0	600,000
PJSC GAZPROM ADR	CS	368287207	2,598	479,270	SH		SOLE	0	0	0	479,270
PJSC LUKOIL CO ADR	CS	69343P105	3,212	43,279	SH		DFND	0	42,837	0	442
PJSC LUKOIL CO ADR	CS	69343P105	30,439	410,116	SH		SOLE	0	119,070	0	291,046
PPL CORP	CS	69351T106	1,224	47,359	SH		SOLE	0	38,583	0	8,776
PRINCIPAL FINANCIAL GRP	CS	74251V102	290	6,981	SH		SOLE	0	0	0	6,981
PROCTER & GAMBLE	CS	742718109	475	3,973	SH		SOLE	0	1,219	0	2,754
PROGRESSIVE CORP OHIO	CS	743315103	28,970	361,623	SH		SOLE	0	36,806	0	324,817
PULTEGROUP INC.	CS	745867101	26,243	771,161	SH		SOLE	0	78,473	0	692,688
QORVO, INC	CS	74736K101	46,971	424,969	SH		SOLE	0	29,060	0	395,909
QUALCOMM INC	CS	747525103	15,288	167,611	SH		SOLE	0	721	0	166,890
RALPH LAUREN CORPORATION	CS	751212101	11,663	160,826	SH		SOLE	0	426	0	160,400
RANDSTAD NV ADR UNSPON	CS	75279Q108	2,960	131,300	SH		SOLE	0	0	0	131,300
RAYTHEON TECHNOLOGIES CORP	CS	75513E101	274	4,442	SH		SOLE	0	898	0	3,544
REPSOL S.A.	CS	76026T205	1,773	201,289	SH		DFND	0	199,251	0	2,038
REPSOL S.A.	CS	76026T205	14,344	1,628,235	SH		SOLE	0	495,935	0	1,132,300
RIO TINTO PLC ADR	CS	767204100	2,800	49,846	SH		DFND	0	49,343	0	503
RIO TINTO PLC ADR	CS	767204100	52,205	929,268	SH		SOLE	0	176,551	0	752,717
ROBERT HALF INTL	CS	770323103	15,752	298,155	SH		SOLE	0	1,255	0	296,900
ROCHE HLDG LTD	CS	771195104	1,221	28,140	SH		DFND	0	27,861	0	279
ROCHE HLDG LTD	CS	771195104	10,144	233,854	SH		SOLE	0	68,854	0	165,000
ROSS STORES INC COM	CS	778296103	302	3,544	SH		SOLE	0	0	0	3,544
ROYAL DUTCH SHELL PLC	CS	780259206	1,495	45,724	SH		DFND	0	45,258	0	466
ROYAL DUTCH SHELL PLC	CS	780259206	24,628	753,387	SH		SOLE	0	146,981	0	606,406
SBERBANK OF RUSSIA	CS	80585Y308	1,881	165,838	SH		DFND	0	164,117	0	1,721
SBERBANK OF RUSSIA	CS	80585Y308	16,563	1,460,585	SH		SOLE	0	493,007	0	967,578
SEAGATE TECH	CS	G7945M107	11,863	245,059	SH		SOLE	0	659	0	244,400
SEMPRA ENERGY	CS	816851109	10,155	86,620	SH		SOLE	0	8,848	0	77,772
SENSATA TECHNOLOGIES HOLDING P	CS	G8060N102	1,602	43,040	SH		DFND	0	42,604	0	436
SENSATA TECHNOLOGIES HOLDING P	CS	G8060N102	12,931	347,327	SH		SOLE	0	104,827	0	242,500
SHIONOGI & CO LTD UNSP	CS	824667109	1,904	121,147	SH		DFND	0	119,910	0	1,237
SHIONOGI & CO LTD UNSP	CS	824667109	16,677	1,060,907	SH		SOLE	0	312,007	0	748,900
SKYWORKS	CS	83088M102	12,205	95,458	SH		SOLE	0	258	0	95,200
SMITH & NEPHEW PLC ADR	CS	83175M205	308	8,086	SH		SOLE	0	8,086	0	0
SONY CORP	CS	835699307	1,218	17,620	SH		DFND	0	17,438	0	182
SONY CORP	CS	835699307	10,861	157,112	SH		SOLE	0	47,112	0	110,000
SOUTHWEST AIRLINES	CS	844741108	19,446	568,938	SH		SOLE	0	58,138	0	510,800
SUMITOMO MITSUI FINCL GR	CS	86562M209	909	161,733	SH		DFND	0	160,232	0	1,501
SUMITOMO MITSUI FINCL GR	CS	86562M209	7,285	1,296,259	SH		SOLE	0	392,959	0	903,300
SUN LIFE FINANCIAL	CS	866796105	1,889	51,406	SH		DFND	0	50,898	0	508
SUN LIFE FINANCIAL	CS	866796105	16,912	460,178	SH		SOLE	0	158,309	0	301,869
TAIWAN SEMICONDUCTOR MFG CO AD	CS	874039100	3,142	55,353	SH		DFND	0	54,753	0	600
TAIWAN SEMICONDUCTOR MFG CO AD	CS	874039100	24,729	435,607	SH		SOLE	0	133,707	0	301,900
TARGET CORP COM	CS	87612E106	32,595	271,780	SH		SOLE	0	15,278	0	256,502
TDK CORP ADR	CS	872351408	2,813	28,400	SH		SOLE	0	0	0	28,400
TE CONNECTIVITY LTD.	CS	H84989104	27,233	333,944	SH		SOLE	0	34,523	0	299,421
TECHTRONIC INDUSTRIES CO	CS	87873R101	2,958	60,739	SH		DFND	0	60,075	0	664
TECHTRONIC INDUSTRIES CO	CS	87873R101	23,180	475,975	SH		SOLE	0	145,975	0	330,000
TEXAS ROADHOUSE	CS	882681109	2,363	44,947	SH		SOLE	0	44,947	0	0
TOKYO ELECTRON LTD	CS	889110102	2,552	41,300	SH		DFND	0	40,865	0	435
TOKYO ELECTRON LTD	CS	889110102	22,916	370,826	SH		SOLE	0	112,326	0	258,500
TOTAL SE	CS	89151E109	2,179	56,658	SH		DFND	0	56,096	0	562
TOTAL SE	CS	89151E109	44,223	1,149,852	SH		SOLE	0	230,905	0	918,947
TOYOTA MOTOR CORP	CS	892331307	2,400	19,100	SH		SOLE	0	0	0	19,100
TRUIST FINL CORP	CS	89832Q109	479	12,766	SH		SOLE	0	0	0	12,766
UBS GROUP AG	CS	H42097107	1,037	89,892	SH		DFND	0	88,932	0	960
UBS GROUP AG	CS	H42097107	9,203	797,449	SH		SOLE	0	241,849	0	555,600
UGI CORP	CS	902681105	220	6,926	SH		SOLE	0	0	0	6,926
UNILEVER NV	CS	904784709	2,841	53,333	SH		SOLE	0	53,333	0	0
UNION PAC CORP COM	CS	907818108	23,959	141,711	SH		SOLE	0	14,617	0	127,094
UNITED HEALTHCARE CORP	CS	91324p102	29,627	100,447	SH		SOLE	0	9,900	0	90,547
UNITED RENTALS INC	CS	911363109	33,253	223,110	SH		SOLE	0	23,017	0	200,093
VANGUARD BD INDEX FD INC	BF	921937827	628	7,555	SH		SOLE	0	7,555	0	0
VANGUARD INTERMEDIATE-TERM COR	BF	92206C870	205	2,150	SH		SOLE	0	2,150	0	0
VANGUARD LONG-TERM BOND IDX CL	BF	921937652	204	12,105	SH		SOLE	0	12,105	0	0
VANGUARD S&P 500 ETF	ETF	922908363	1,634	5,765	SH		SOLE	0	5,765	0	0
VEOLIA ENVIRONMENT	CS	92334N103	1,254	55,600	SH		DFND	0	55,045	0	555
VEOLIA ENVIRONMENT	CS	92334N103	10,583	469,111	SH		SOLE	0	142,111	0	327,000
VERIZON COMMUNICATIONS	CS	92343V104	21,041	381,676	SH		SOLE	0	58,379	0	323,297
VERTEX PHARMACEUTICALS	CS	92532F100	14,461	49,812	SH		SOLE	0	212	0	49,600
VIPSHOP HOLDINGS LTD ADS	CS	92763W103	2,702	135,694	SH		DFND	0	134,146	0	1,548
VIPSHOP HOLDINGS LTD ADS	CS	92763W103	24,628	1,236,934	SH		SOLE	0	337,434	0	899,500
W.W. GRAINGER INC.	CS	384802104	14,040	44,692	SH		SOLE	0	192	0	44,500
WIPRO LIMITED	CS	97651M109	2,518	760,700	SH		SOLE	0	0	0	760,700
WNS HOLDINGS LTD	CS	92932M101	1,362	24,780	SH		DFND	0	24,531	0	249
WNS HOLDINGS LTD	CS	92932M101	11,455	208,350	SH		SOLE	0	62,550	0	145,800
YANDEX N.V.	CS	N97284108	2,448	48,936	SH		DFND	0	48,422	0	514
YANDEX N.V.	CS	N97284108	20,126	402,367	SH		SOLE	0	122,567	0	279,800
ZIONS BANCORPORATION	CS	989701107	28,684	843,625	SH		SOLE	0	46,133	0	797,492
ZTO EXPRESS INC	CS	98980A105	2,893	78,810	SH		DFND	0	77,778	0	1,032
ZTO EXPRESS INC	CS	98980A105	19,089	519,981	SH		SOLE	0	159,781	0	360,200