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
AARONS HLDGS CO INC	CS	00258R109	19,200	338,924	SH		SOLE	0	34,427	0	304,497
ABBVIE	CS	00287Y109	39,147	446,941	SH		SOLE	0	44,003	0	402,938
ADECCO GROUP ADR	CS	006754204	2,930	111,700	SH		SOLE	0	0	0	111,700
AERCAP HOLDINGS NV	CS	N00985106	2,038	80,910	SH		DFND	0	80,155	0	755
AERCAP HOLDINGS NV	CS	N00985106	16,188	642,642	SH		SOLE	0	197,142	0	445,500
AKAMAI TECHNOLGIES	CS	00971T101	15,334	138,717	SH		SOLE	0	14,183	0	124,534
ALIBABA GROUP HOLDING	CS	01609W102	4,058	13,805	SH		DFND	0	13,668	0	137
ALIBABA GROUP HOLDING	CS	01609W102	27,807	94,590	SH		SOLE	0	29,190	0	65,400
ALLIANZ SE	CS	018820100	1,119	58,450	SH		SOLE	0	58,450	0	0
ALPHABET INC	CS	02079K305	54,048	36,878	SH		SOLE	0	2,739	0	34,139
ALTRIA GROUP INC COM	CS	02209S103	12,700	328,679	SH		SOLE	0	54,018	0	274,661
AMDOCS LTD	CS	G02602103	1,931	33,628	SH		DFND	0	33,324	0	304
AMDOCS LTD	CS	G02602103	18,085	315,017	SH		SOLE	0	81,617	0	233,400
AMERICAN EXPRESS CO	CS	025816109	24,630	245,689	SH		SOLE	0	25,017	0	220,672
AMERIPRISE FINANCIAL INC	CS	03076C106	43,531	282,465	SH		SOLE	0	19,287	0	263,178
AMGEN INC	CS	031162100	42,441	166,984	SH		SOLE	0	17,142	0	149,842
ANTHEM, INC	CS	036752103	19,762	73,575	SH		SOLE	0	7,438	0	66,137
AON CORP.	CS	G0403H108	1,921	9,313	SH		DFND	0	9,219	0	94
AON CORP.	CS	G0403H108	16,143	78,252	SH		SOLE	0	23,245	0	55,007
APPLE COMPUTER INC	CS	037833100	55,039	475,256	SH		SOLE	0	51,620	0	423,636
APPLIED MATERIALS	CS	038222105	13,925	234,226	SH		SOLE	0	636	0	233,590
APTIV PLC ORDINARY	CS	G6095L109	4,036	44,027	SH		DFND	0	43,607	0	420
APTIV PLC ORDINARY	CS	G6095L109	70,610	770,184	SH		SOLE	0	150,898	0	619,286
ASHTEAD GROUP PLC UNSP	CS	045055100	3,757	25,896	SH		DFND	0	25,634	0	262
ASHTEAD GROUP PLC UNSP	CS	045055100	27,143	187,101	SH		SOLE	0	57,501	0	129,600
AT&T INC COM	CS	00206R102	855	29,996	SH		SOLE	0	26,823	0	3,173
AUTOZONE INC	CS	053332102	29,093	24,705	SH		SOLE	0	2,487	0	22,218
AXA- SPONS ADR	CS	054536107	1,097	59,209	SH		DFND	0	58,648	0	561
AXA- SPONS ADR	CS	054536107	9,589	517,469	SH		SOLE	0	151,269	0	366,200
B A S F A G	CS	055262505	1,866	122,061	SH		DFND	0	120,896	0	1,165
B A S F A G	CS	055262505	14,760	965,337	SH		SOLE	0	298,437	0	666,900
B2GOLD CORP	CS	11777Q209	2,940	450,900	SH		SOLE	0	0	0	450,900
BANK NOVA SCOTIA HALIFAX	CS	064149107	768	18,496	SH		SOLE	0	18,496	0	0
BANK OF AMERICA CORPORATION	CS	060505104	31,921	1,325,044	SH		SOLE	0	133,941	0	1,191,103
BANK OF MONTREAL	CS	063671101	1,781	30,485	SH		DFND	0	30,247	0	238
BANK OF MONTREAL	CS	063671101	15,859	271,499	SH		SOLE	0	83,599	0	187,900
BAYER AG ADR	CS	072730302	2,222	148,600	SH		SOLE	0	0	0	148,600
BEST BUY INC COM	CS	086516101	42,223	379,400	SH		SOLE	0	22,690	0	356,710
BLACKROCK INC	CS	09247X101	308	546	SH		SOLE	0	336	0	210
BNP PARIBAS PA ADR	CS	05565A202	1,406	76,957	SH		DFND	0	76,206	0	751
BNP PARIBAS PA ADR	CS	05565A202	10,941	598,847	SH		SOLE	0	173,747	0	425,100
BOOKING HOLDINGS INC	CS	09857L108	26,376	15,418	SH		SOLE	0	1,577	0	13,841
BRIDGESTONE CORPORATION	CS	108441205	2,669	168,500	SH		SOLE	0	0	0	168,500
BRISTOL MYERS SQUIBB CO	CS	110122108	32,568	540,188	SH		SOLE	0	31,506	0	508,682
BRITISH AMERN TOB PLC ADR	CS	110448107	1,527	42,227	SH		DFND	0	41,831	0	396
BRITISH AMERN TOB PLC ADR	CS	110448107	12,606	348,722	SH		SOLE	0	51,222	0	297,500
BROADCOM LTD	CS	11135F101	37,810	103,784	SH		SOLE	0	14,961	0	88,823
BROWN FORMAN CL B	CS	115637209	247	3,279	SH		SOLE	0	937	0	2,342
CANADIAN NATL RY CO	CS	136375102	2,232	20,970	SH		DFND	0	20,770	0	200
CANADIAN NATL RY CO	CS	136375102	18,920	177,717	SH		SOLE	0	52,517	0	125,200
CERNER CORP	CS	156782104	14,718	203,593	SH		SOLE	0	893	0	202,700
CHEVRON CORP NEW COM	CS	166764100	16,662	231,420	SH		SOLE	0	32,952	0	198,468
CHINA OVERSEAS LAND & INVESTME	CS	169403201	846	67,288	SH		DFND	0	66,658	0	630
CHINA OVERSEAS LAND & INVESTME	CS	169403201	6,173	491,075	SH		SOLE	0	144,675	0	346,400
CHUGAI PHARMA UNSUP ADR	CS	171269103	2,491	111,200	SH		SOLE	0	0	0	111,200
CISCO SYS INC COM	CS	17275R102	26,085	662,246	SH		SOLE	0	66,518	0	595,728
CITIGROUP INC	CS	172967424	11,658	270,416	SH		SOLE	0	736	0	269,680
CITIZENS FINANCIAL GROUP INC	CS	174610105	37,177	1,470,608	SH		SOLE	0	193,942	0	1,276,666
CNOOC LTD	CS	126132109	1,865	19,420	SH		DFND	0	19,244	0	176
CNOOC LTD	CS	126132109	14,880	154,924	SH		SOLE	0	45,724	0	109,200
COCA-COLA FEMSA S.A.B.	CS	191241108	2,663	65,400	SH		SOLE	0	0	0	65,400
COMCAST CORP CL A	CS	20030N101	15,550	336,144	SH		SOLE	0	34,424	0	301,720
COMERICA INC.	CS	200340107	14,241	372,320	SH		SOLE	0	1,630	0	370,690
CONOCOPHILLIPS	CS	20825C104	10,897	331,815	SH		SOLE	0	33,445	0	298,370
CORESITE REALTY CORP.	CS	21870Q105	14,040	118,098	SH		SOLE	0	11,216	0	106,882
CRH PLC ADR	CS	12626K203	2,275	63,026	SH		DFND	0	62,402	0	624
CRH PLC ADR	CS	12626K203	18,964	525,449	SH		SOLE	0	159,449	0	366,000
D R HORTON INC	CS	23331a109	19,338	255,693	SH		SOLE	0	693	0	255,000
DAITO TRUST CONSTRUCTION	CS	23405X209	2,600	114,300	SH		SOLE	0	0	0	114,300
DANONE SPON ADR	CS	23636T100	1,475	114,422	SH		DFND	0	113,334	0	1,088
DANONE SPON ADR	CS	23636T100	11,358	881,180	SH		SOLE	0	272,380	0	608,800
DAVITA INC	CS	23918k108	33,775	394,335	SH		SOLE	0	22,963	0	371,372
DBS GROUP HOLDINGS LTD	CS	23304Y100	2,223	37,518	SH		DFND	0	37,182	0	336
DBS GROUP HOLDINGS LTD	CS	23304Y100	18,219	307,504	SH		SOLE	0	92,404	0	215,100
EASTMAN CHEMICAL CO	CS	277432100	21,384	273,724	SH		SOLE	0	27,718	0	246,006
EATON CORP PLC	CS	G29183103	1,409	13,807	SH		SOLE	0	13,807	0	0
EATON VANCE MUNICIPAL BD	CS	27827X101	301	22,829	SH		SOLE	0	22,829	0	0
EBAY INC	CS	278642103	13,968	268,098	SH		SOLE	0	1,168	0	266,930
EMERSON ELEC CO COM	CS	291011104	209	3,193	SH		SOLE	0	0	0	3,193
ERICSSON	CS	294821608	2,075	190,557	SH		DFND	0	188,774	0	1,783
ERICSSON	CS	294821608	16,561	1,520,767	SH		SOLE	0	466,767	0	1,054,000
EXPEDITORS INTL	CS	302130109	16,593	183,303	SH		SOLE	0	803	0	182,500
EXXON MOBIL	CS	30231G102	378	10,998	SH		SOLE	0	6,630	0	4,368
F5 NETWORKS	CS	315616102	20,901	170,247	SH		SOLE	0	17,044	0	153,203
FIFTH THIRD BANCORP	CS	316773100	19,771	927,304	SH		SOLE	0	93,346	0	833,958
FIRST FINANCIAL BANCORP	CS	320209109	144	11,964	SH		SOLE	0	11,964	0	0
FORTESCUE METAL GROUP	CS	34959A206	2,946	124,300	SH		SOLE	0	0	0	124,300
FRESENIUS MEDICAL CARE AG & CO	CS	358029106	2,077	48,886	SH		DFND	0	48,432	0	454
FRESENIUS MEDICAL CARE AG & CO	CS	358029106	16,330	384,403	SH		SOLE	0	114,403	0	270,000
FUJIFILM HOLDINGS CORP	CS	35958N107	1,976	39,965	SH		DFND	0	39,586	0	379
FUJIFILM HOLDINGS CORP	CS	35958N107	13,737	277,801	SH		SOLE	0	85,301	0	192,500
GENERAL MILLS	CS	370334104	1,762	28,571	SH		SOLE	0	24,904	0	3,667
GLAXOSMITHKLINE PLC	CS	37733W105	796	21,145	SH		SOLE	0	21,145	0	0
GOLD FIELDS INC	CS	38059T106	3,068	249,600	SH		SOLE	0	0	0	249,600
GRIFOLS, S.A. ADR	CS	398438408	1,509	86,948	SH		DFND	0	86,210	0	738
GRIFOLS, S.A. ADR	CS	398438408	12,261	706,703	SH		SOLE	0	207,603	0	499,100
HDFC BANK LTD	CS	40415F101	2,604	52,122	SH		DFND	0	51,654	0	468
HDFC BANK LTD	CS	40415F101	22,318	446,714	SH		SOLE	0	137,114	0	309,600
HOME DEPOT	CS	437076102	32,372	116,568	SH		SOLE	0	12,038	0	104,530
HUAZHU GROUP LTD	CS	44332N106	214	4,954	SH		SOLE	0	4,954	0	0
ICON PLC - AMERICAN DEPOSITARY	CS	G4705A100	1,886	9,869	SH		DFND	0	9,776	0	93
ICON PLC - AMERICAN DEPOSITARY	CS	G4705A100	14,789	77,393	SH		SOLE	0	23,493	0	53,900
IHS MARKIT LTD	CS	G47567105	3,719	47,375	SH		DFND	0	46,903	0	472
IHS MARKIT LTD	CS	G47567105	29,166	371,487	SH		SOLE	0	111,987	0	259,500
ILLINOIS TOOL WKS INC COM	CS	452308109	33,767	174,770	SH		SOLE	0	17,841	0	156,929
INFOSYS TECHNOLOGIES LTD	CS	456788108	2,046	148,122	SH		DFND	0	146,734	0	1,388
INFOSYS TECHNOLOGIES LTD	CS	456788108	16,842	1,219,512	SH		SOLE	0	365,012	0	854,500
ING GROUP N V	CS	456837103	1,423	200,920	SH		DFND	0	199,210	0	1,710
ING GROUP N V	CS	456837103	12,273	1,733,509	SH		SOLE	0	531,609	0	1,201,900
INTEL CORP	CS	458140100	30,279	584,756	SH		SOLE	0	58,773	0	525,983
INTL. BUSINESS MACHS CO	CS	459200101	838	6,887	SH		SOLE	0	6,887	0	0
IQVIA HOLDINGS INC	CS	46266C105	32,379	205,414	SH		SOLE	0	20,688	0	184,726
ISHARES BARCLAYS TIPS BOND FUN	ETF	464287176	260	2,060	SH		SOLE	0	2,060	0	0
ISHARES MSCI ACWI EX US ETF	ETF	464288240	371	8,074	SH		DFND	0	7,927	0	147
ISHARES NATIONAL MUNI BOND ETF	ETF	464288414	662	5,730	SH		SOLE	0	0	0	5,730
ISHARES TR	ETF	464287242	200	1,489	SH		SOLE	0	1,489	0	0
ITAU UNIBANCO HOLDINGS SA	CS	465562106	1,058	265,791	SH		DFND	0	263,597	0	2,194
ITAU UNIBANCO HOLDINGS SA	CS	465562106	8,746	2,197,504	SH		SOLE	0	673,604	0	1,523,900
ITOCHU CORPORATION	CS	465717106	1,046	20,335	SH		DFND	0	20,140	0	195
ITOCHU CORPORATION	CS	465717106	11,640	226,358	SH		SOLE	0	51,158	0	175,200
J P MORGAN CHASE & CO	CS	46625H100	44,729	464,621	SH		SOLE	0	46,813	0	417,808
JAZZ PHARMACEUTICALS INC	CS	G50871105	3,894	27,308	SH		SOLE	0	1,510	0	25,798
JOHNSON & JOHNSON COM	CS	478160104	490	3,288	SH		SOLE	0	800	0	2,488
JOHNSON CONTROLS INTERNATIONAL	CS	G51502105	3,293	80,617	SH		SOLE	0	2,955	0	77,662
JOYY INC ADR	CS	46591M109	1,583	19,629	SH		DFND	0	19,437	0	192
JOYY INC ADR	CS	46591M109	11,867	147,101	SH		SOLE	0	45,201	0	101,900
JULIUS BAER GROUP LTD ADR	CS	48137C108	1,823	216,279	SH		DFND	0	214,183	0	2,096
JULIUS BAER GROUP LTD ADR	CS	48137C108	26	3,088	SH		SOLE	0	3,088	0	0
KENTUCKY BANCSHARES INC	CS	491203105	270	16,800	SH		SOLE	0	16,800	0	0
KIRIN HOLDINGS	CS	497350306	2,535	134,500	SH		SOLE	0	0	0	134,500
KLA -Tencor	CS	482480100	13,914	71,816	SH		SOLE	0	316	0	71,500
KOMATSU LTD	CS	500458401	1,160	52,707	SH		DFND	0	52,197	0	510
KOMATSU LTD	CS	500458401	9,811	445,940	SH		SOLE	0	135,740	0	310,200
KONINKLIJKE	CS	500467501	2,291	77,328	SH		DFND	0	76,609	0	719
KONINKLIJKE	CS	500467501	19,818	668,837	SH		SOLE	0	174,137	0	494,700
KONINKLIJKE PHILIPS ELECT	CS	500472303	1,658	35,154	SH		DFND	0	34,829	0	325
KONINKLIJKE PHILIPS ELECT	CS	500472303	13,170	279,318	SH		SOLE	0	85,870	0	193,448
LAM RESEARCH	CS	512807108	14,611	44,043	SH		SOLE	0	193	0	43,850
LAZARD LTD	CS	G54050102	17,166	519,407	SH		SOLE	0	158,907	0	360,500
LINCOLN NATIONAL CORP	CS	534187109	17,615	562,253	SH		SOLE	0	57,008	0	505,245
LIVANOVA PLC	CS	G5509L101	201	4,449	SH		SOLE	0	4,449	0	0
LOCKHEED MARTIN	CS	539830109	18,427	48,078	SH		SOLE	0	4,900	0	43,178
LOWE'S CO.	CS	548661107	17,130	103,281	SH		SOLE	0	281	0	103,000
LUMENTUM HOLDINGS INC	CS	55024U109	20,092	267,441	SH		SOLE	0	27,032	0	240,409
LVMH Moet Hennessy	CS	502441306	2,739	29,066	SH		DFND	0	28,774	0	292
LVMH Moet Hennessy	CS	502441306	21,525	228,432	SH		SOLE	0	68,532	0	159,900
LYONDELLBASELL INDUSTRIES	CS	N53745100	2,051	29,094	SH		DFND	0	28,813	0	281
LYONDELLBASELL INDUSTRIES	CS	N53745100	35,360	501,637	SH		SOLE	0	89,397	0	412,240
MAGNA INTERNATIONAL INC	CS	559222401	2,438	53,281	SH		DFND	0	52,780	0	501
MAGNA INTERNATIONAL INC	CS	559222401	23,369	510,806	SH		SOLE	0	156,556	0	354,250
MANULIFE FINANACIAL CORP	CS	56501R106	864	62,127	SH		SOLE	0	62,127	0	0
MCDONALDS CORP	CS	580135101	1,051	4,788	SH		SOLE	0	2,627	0	2,161
MEDTRONIC INC	CS	G5960L103	2,694	25,926	SH		DFND	0	25,679	0	247
MEDTRONIC INC	CS	G5960L103	51,661	497,119	SH		SOLE	0	91,625	0	405,494
MELCO RESORTS AND ENTERTAINMEN	CS	585464100	1,819	109,270	SH		DFND	0	108,227	0	1,043
MELCO RESORTS AND ENTERTAINMEN	CS	585464100	12,814	769,577	SH		SOLE	0	220,577	0	549,000
METLIFE INC.	CS	59156R108	1,060	28,510	SH		SOLE	0	28,510	0	0
MICROSOFT CORP	CS	594918104	3,158	15,013	SH		SOLE	0	10,165	0	4,848
MITSUBISHI UFJ FINL GROUP ADR	CS	606822104	981	244,601	SH		DFND	0	242,400	0	2,201
MITSUBISHI UFJ FINL GROUP ADR	CS	606822104	7,232	1,803,729	SH		SOLE	0	540,629	0	1,263,100
MOBILE TELESYSTEMS OJSC	CS	607409109	2,361	270,444	SH		DFND	0	267,936	0	2,508
MOBILE TELESYSTEMS OJSC	CS	607409109	21,290	2,438,778	SH		SOLE	0	646,578	0	1,792,200
MOMO INC	CS	60879B107	1,007	73,183	SH		DFND	0	72,566	0	617
MOMO INC	CS	60879B107	8,102	588,792	SH		SOLE	0	182,192	0	406,600
MORGAN STANLEY COM NEW	CS	617446448	37,755	780,865	SH		SOLE	0	76,954	0	703,911
MURATA MANUFACTURING	CS	626425102	2,854	176,600	SH		SOLE	0	0	0	176,600
NASPERS LIMITED ADR	CS	631512209	1,425	40,141	SH		DFND	0	39,745	0	396
NASPERS LIMITED ADR	CS	631512209	12,127	341,504	SH		SOLE	0	105,504	0	236,000
NATIONAL GRID TRANSCO PLC ADR	CS	636274409	1,118	19,347	SH		SOLE	0	19,347	0	0
NETEASE INC. ADR	CS	64110W102	3,167	6,965	SH		DFND	0	6,897	0	68
NETEASE INC. ADR	CS	64110W102	21,498	47,611	SH		SOLE	0	14,711	0	32,900
NEW ORIENTAL EDUCATION ADR	CS	647581107	2,661	17,796	SH		DFND	0	17,575	0	221
NEW ORIENTAL EDUCATION ADR	CS	647581107	20,875	139,630	SH		SOLE	0	42,430	0	97,200
NIPPON TELEG & TEL CORP	CS	654624105	1,583	76,611	SH		DFND	0	75,902	0	709
NIPPON TELEG & TEL CORP	CS	654624105	14,565	704,956	SH		SOLE	0	175,756	0	529,200
NORTON LIFELOCK INC	CS	668771108	14,669	703,891	SH		SOLE	0	3,091	0	700,800
NRG ENERGY INC	CS	629377508	13,105	426,307	SH		SOLE	0	1,867	0	424,440
NTT DOCOMO, IN	CS	62942M201	242	6,592	SH		SOLE	0	6,592	0	0
NVIDIA CORP	CS	67066g104	844	1,560	SH		SOLE	0	0	0	1,560
NVR INC	CS	62944T105	35,208	8,623	SH		SOLE	0	842	0	7,781
NXP SEMICONDUCTORS NV	CS	N6596X109	3,115	24,958	SH		DFND	0	24,714	0	244
NXP SEMICONDUCTORS NV	CS	N6596X109	24,714	198,009	SH		SOLE	0	59,909	0	138,100
OMEGA HEALTHCARE INVS	CS	681936100	929	31,021	SH		SOLE	0	31,021	0	0
ON SEMICONDUCTOR CORP	CS	682189105	34,527	1,591,845	SH		SOLE	0	159,660	0	1,432,185
OPEN TEXT CORPORATION	CS	683715106	1,755	41,539	SH		DFND	0	41,155	0	384
OPEN TEXT CORPORATION	CS	683715106	28,039	663,794	SH		SOLE	0	135,624	0	528,170
ORACLE CORP COM	CS	68389X105	15,145	253,690	SH		SOLE	0	690	0	253,000
ORIX CORP ADR	CS	686330101	1,915	30,606	SH		DFND	0	30,313	0	293
ORIX CORP ADR	CS	686330101	15,125	241,722	SH		SOLE	0	72,622	0	169,100
OSHKOSH CORPORATION	CS	688239201	25,784	350,804	SH		SOLE	0	35,311	0	315,493
PACWEST BANCORP	CS	695263103	498	29,155	SH		SOLE	0	29,155	0	0
PANASONIC CORPORATION	CS	69832A205	173	20,186	SH		SOLE	0	20,186	0	0
PERSIMMON PLC	CS	715318101	2,754	42,500	SH		SOLE	0	0	0	42,500
PFIZER INC	CS	717081103	1,213	33,062	SH		SOLE	0	33,062	0	0
PHILIP MORRIS INTL INC COM	CS	718172109	16,439	219,214	SH		SOLE	0	18,371	0	200,843
PHILLIPS 66	CS	718546104	11,748	226,610	SH		SOLE	0	22,704	0	203,906
PING AN INSURANCE GROUP	CS	72341E304	2,201	106,029	SH		DFND	0	105,033	0	996
PING AN INSURANCE GROUP	CS	72341E304	17,865	860,576	SH		SOLE	0	260,576	0	600,000
PJSC LUKOIL CO ADR	CS	69343P105	2,544	44,307	SH		DFND	0	43,882	0	425
PJSC LUKOIL CO ADR	CS	69343P105	23,412	407,798	SH		SOLE	0	119,098	0	288,700
PPL CORP	CS	69351T106	1,052	38,679	SH		SOLE	0	38,679	0	0
PROCTER & GAMBLE	CS	742718109	552	3,973	SH		SOLE	0	1,219	0	2,754
PROGRESSIVE CORP OHIO	CS	743315103	33,978	358,914	SH		SOLE	0	33,587	0	325,327
PULTEGROUP INC.	CS	745867101	35,704	771,307	SH		SOLE	0	77,533	0	693,774
QORVO, INC	CS	74736K101	52,423	406,350	SH		SOLE	0	28,652	0	377,698
QUALCOMM INC	CS	747525103	18,289	155,412	SH		SOLE	0	422	0	154,990
RANDSTAD NV ADR UNSPON	CS	75279Q108	3,013	114,600	SH		SOLE	0	0	0	114,600
RAYTHEON TECHNOLOGIES CORP	CS	75513E101	256	4,442	SH		SOLE	0	898	0	3,544
REPSOL S.A.	CS	76026T205	1,003	147,999	SH		DFND	0	146,548	0	1,451
REPSOL S.A.	CS	76026T205	8,050	1,187,348	SH		SOLE	0	367,048	0	820,300
RIO TINTO PLC ADR	CS	767204100	3,271	54,165	SH		DFND	0	53,653	0	512
RIO TINTO PLC ADR	CS	767204100	56,123	929,335	SH		SOLE	0	175,945	0	753,390
ROBERT HALF INTL	CS	770323103	14,038	265,161	SH		SOLE	0	1,161	0	264,000
ROCHE HLDG LTD	CS	771195104	1,326	30,980	SH		DFND	0	30,696	0	284
ROCHE HLDG LTD	CS	771195104	10,011	233,854	SH		SOLE	0	68,854	0	165,000
ROSS STORES INC COM	CS	778296103	331	3,544	SH		SOLE	0	0	0	3,544
ROYAL DUTCH SHELL PLC	CS	780259206	1,204	47,828	SH		DFND	0	47,419	0	409
ROYAL DUTCH SHELL PLC	CS	780259206	17,361	689,740	SH		SOLE	0	146,597	0	543,143
SBERBANK OF RUSSIA	CS	80585Y308	2,089	179,017	SH		DFND	0	177,296	0	1,721
SBERBANK OF RUSSIA	CS	80585Y308	16,790	1,438,710	SH		SOLE	0	493,210	0	945,500
SEAGATE TECH	CS	G7945M107	17,121	347,492	SH		SOLE	0	792	0	346,700
SEKISUI HOUSE, LTD	CS	816078307	2,435	138,800	SH		SOLE	0	0	0	138,800
SEMPRA ENERGY	CS	816851109	10,255	86,636	SH		SOLE	0	8,742	0	77,894
SENSATA TECHNOLOGIES HOLDING P	CS	G8060N102	1,978	45,861	SH		DFND	0	45,425	0	436
SENSATA TECHNOLOGIES HOLDING P	CS	G8060N102	14,984	347,327	SH		SOLE	0	104,827	0	242,500
SHIONOGI & CO LTD UNSP	CS	824667109	1,772	131,766	SH		DFND	0	130,525	0	1,241
SHIONOGI & CO LTD UNSP	CS	824667109	14,269	1,060,907	SH		SOLE	0	312,007	0	748,900
SK TELECOM CO	CS	78440p108	3,067	136,800	SH		SOLE	0	0	0	136,800
SKYWORKS	CS	83088M102	16,061	110,385	SH		SOLE	0	485	0	109,900
SMITH & NEPHEW PLC ADR	CS	83175M205	316	8,086	SH		SOLE	0	8,086	0	0
SONY CORP	CS	835699307	2,446	31,876	SH		DFND	0	31,571	0	305
SONY CORP	CS	835699307	19,634	255,821	SH		SOLE	0	77,421	0	178,400
SOUTHWEST AIRLINES	CS	844741108	21,323	568,590	SH		SOLE	0	57,435	0	511,155
STANDARD LIFE ABERDEEN	CS	853584100	2,308	204,600	SH		SOLE	0	0	0	204,600
SUN LIFE FINANCIAL	CS	866796105	2,227	54,687	SH		DFND	0	54,179	0	508
SUN LIFE FINANCIAL	CS	866796105	18,424	452,332	SH		SOLE	0	158,382	0	293,950
TAIWAN SEMICONDUCTOR MFG CO AD	CS	874039100	3,910	48,231	SH		DFND	0	47,648	0	583
TAIWAN SEMICONDUCTOR MFG CO AD	CS	874039100	27,546	339,775	SH		SOLE	0	104,875	0	234,900
TARGET CORP COM	CS	87612E106	46,669	296,465	SH		SOLE	0	18,507	0	277,958
TDK CORP ADR	CS	872351408	2,909	26,800	SH		SOLE	0	0	0	26,800
TE CONNECTIVITY LTD.	CS	H84989104	32,644	333,990	SH		SOLE	0	34,123	0	299,867
TECHTRONIC INDUSTRIES CO	CS	87873R101	3,888	58,269	SH		DFND	0	57,605	0	664
TECHTRONIC INDUSTRIES CO	CS	87873R101	26,077	390,808	SH		SOLE	0	120,808	0	270,000
TEXAS ROADHOUSE	CS	882681109	2,732	44,947	SH		SOLE	0	44,947	0	0
TODD IIV COLLECTIVE FUND	MF	41024C711	453	42,500	SH		SOLE	0	42,500	0	0
TOKYO ELECTRON LTD	CS	889110102	3,026	46,580	SH		DFND	0	46,140	0	440
TOKYO ELECTRON LTD	CS	889110102	24,089	370,826	SH		SOLE	0	112,326	0	258,500
TOTAL SE	CS	89151E109	1,988	57,949	SH		DFND	0	57,405	0	544
TOTAL SE	CS	89151E109	39,256	1,144,470	SH		SOLE	0	230,153	0	914,317
UBS GROUP AG	CS	H42097107	1,362	122,132	SH		DFND	0	121,013	0	1,119
UBS GROUP AG	CS	H42097107	10,328	926,254	SH		SOLE	0	280,654	0	645,600
UNILEVER NV	CS	904784709	2,558	42,345	SH		SOLE	0	42,345	0	0
UNION PAC CORP COM	CS	907818108	28,002	142,237	SH		SOLE	0	14,448	0	127,789
UNITED HEALTHCARE CORP	CS	91324p102	31,368	100,614	SH		SOLE	0	9,926	0	90,688
UNITED RENTALS INC	CS	911363109	38,941	223,154	SH		SOLE	0	22,748	0	200,406
VANGUARD BD INDEX FD INC	BF	921937827	627	7,555	SH		SOLE	0	7,555	0	0
VANGUARD INTERMEDIATE-TERM COR	BF	92206C870	206	2,150	SH		SOLE	0	2,150	0	0
VANGUARD LONG-TERM BOND IDX CL	BF	921937652	206	12,192	SH		SOLE	0	12,192	0	0
VANGUARD S&P 500 ETF	ETF	922908363	1,739	5,653	SH		SOLE	0	5,653	0	0
VEOLIA ENVIRONMENT	CS	92334N103	1,320	60,860	SH		DFND	0	60,305	0	555
VEOLIA ENVIRONMENT	CS	92334N103	10,174	469,111	SH		SOLE	0	142,111	0	327,000
VERIZON COMMUNICATIONS	CS	92343V104	22,446	377,299	SH		SOLE	0	57,995	0	319,304
VERTEX PHARMACEUTICALS	CS	92532F100	13,288	48,833	SH		SOLE	0	133	0	48,700
VIPSHOP HOLDINGS LTD ADS	CS	92763W103	2,260	144,532	SH		DFND	0	143,068	0	1,464
VIPSHOP HOLDINGS LTD ADS	CS	92763W103	19,158	1,224,934	SH		SOLE	0	337,434	0	887,500
W.W. GRAINGER INC.	CS	384802104	15,982	44,796	SH		SOLE	0	196	0	44,600
WNS HOLDINGS LTD	CS	92932M101	1,648	25,761	SH		DFND	0	25,512	0	249
WNS HOLDINGS LTD	CS	92932M101	13,326	208,350	SH		SOLE	0	62,550	0	145,800
YANDEX N.V.	CS	N97284108	3,267	50,074	SH		DFND	0	49,560	0	514
YANDEX N.V.	CS	N97284108	21,228	325,330	SH		SOLE	0	100,530	0	224,800
ZIONS BANCORPORATION	CS	989701107	24,877	851,388	SH		SOLE	0	45,684	0	805,704
ZTO EXPRESS INC	CS	98980A105	2,009	67,133	SH		DFND	0	66,498	0	635
ZTO EXPRESS INC	CS	98980A105	15,558	519,981	SH		SOLE	0	159,781	0	360,200