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
ABBVIE	CS	00287Y109	41,253	366,238	SH		SOLE	0	48,443	0	317,795
ADECCO GROUP ADR	CS	006754204	3,307	97,330	SH		SOLE	0	0	0	97,330
AERCAP HOLDINGS NV	CS	N00985106	4,600	89,830	SH		DFND	0	89,125	0	705
AERCAP HOLDINGS NV	CS	N00985106	25,636	500,601	SH		SOLE	0	181,071	0	319,530
AKAMAI TECHNOLGIES	CS	00971T101	31,586	270,890	SH		SOLE	0	27,837	0	243,053
ALEXION PHARMACEUTICALS	CS	015351109	202	1,098	SH		SOLE	0	0	0	1,098
ALIBABA GROUP HOLDING	CS	01609W102	3,273	14,432	SH		DFND	0	14,336	0	96
ALIBABA GROUP HOLDING	CS	01609W102	20,550	90,614	SH		SOLE	0	32,994	0	57,620
ALLIANZ SE	CS	018820100	1,239	49,568	SH		SOLE	0	49,568	0	0
ALPHABET INC	CS	02079K305	60,473	24,766	SH		SOLE	0	2,474	0	22,292
ALTRIA GROUP INC COM	CS	02209S103	14,929	313,119	SH		SOLE	0	53,360	0	259,759
AMDOCS LTD	CS	G02602103	3,390	43,825	SH		DFND	0	43,538	0	287
AMDOCS LTD	CS	G02602103	23,420	302,737	SH		SOLE	0	92,537	0	210,200
AMERICAN EXPRESS CO	CS	025816109	36,607	221,552	SH		SOLE	0	22,733	0	198,819
AMERIPRISE FINANCIAL INC	CS	03076C106	65,199	261,970	SH		SOLE	0	18,271	0	243,699
AMGEN INC	CS	031162100	35,275	144,716	SH		SOLE	0	14,954	0	129,762
ANGLO AMERICAN PLC ADR	CS	03485P300	2,091	104,581	SH		DFND	0	103,849	0	732
ANGLO AMERICAN PLC ADR	CS	03485P300	14,193	710,025	SH		SOLE	0	257,025	0	453,000
ANTHEM, INC	CS	036752103	26,614	69,708	SH		SOLE	0	7,166	0	62,542
AON CORP.	CS	G0403H108	2,843	11,909	SH		DFND	0	11,821	0	88
AON CORP.	CS	G0403H108	17,883	74,897	SH		SOLE	0	26,320	0	48,577
AP MOLLER MAERSK	CS	00202F102	4,030	278,350	SH		SOLE	0	0	0	278,350
APPLE COMPUTER INC	CS	037833100	41,754	304,866	SH		SOLE	0	34,623	0	270,243
APTIV PLC ORDINARY	CS	G6095L109	8	48	SH		DFND	0	48	0	0
APTIV PLC ORDINARY	CS	G6095L109	513	3,261	SH		SOLE	0	332	0	2,929
ASHLAND GLOBAL HOLDINGS INC	CS	044209104	201	2,294	SH		SOLE	0	2,294	0	0
ASHTEAD GROUP PLC UNSP	CS	045055100	5,446	18,281	SH		DFND	0	18,148	0	133
ASHTEAD GROUP PLC UNSP	CS	045055100	30,125	101,121	SH		SOLE	0	36,931	0	64,190
AT&T INC COM	CS	00206R102	769	26,720	SH		SOLE	0	24,260	0	2,460
AUTOZONE INC	CS	053332102	55,384	37,115	SH		SOLE	0	2,397	0	34,718
AXA- SPONS ADR	CS	054536107	1,736	68,216	SH		DFND	0	67,705	0	511
AXA- SPONS ADR	CS	054536107	12,563	493,602	SH		SOLE	0	170,942	0	322,660
B & G FOODS INC	CS	05508R106	223	6,800	SH		SOLE	0	5,000	0	1,800
B A S F A G	CS	055262505	2,806	141,484	SH		DFND	0	140,428	0	1,056
B A S F A G	CS	055262505	18,340	924,852	SH		SOLE	0	337,252	0	587,600
BAE SYSTEMS PLC ADR	CS	05523R107	1,086	37,092	SH		SOLE	0	37,092	0	0
BAIDU INC	CS	056752108	3,379	16,571	SH		DFND	0	16,455	0	116
BAIDU INC	CS	056752108	23,367	114,601	SH		SOLE	0	41,381	0	73,220
BANCO SANTANDER SA ADS	CS	05964H105	2,259	577,724	SH		DFND	0	573,690	0	4,034
BANCO SANTANDER SA ADS	CS	05964H105	14,855	3,799,110	SH		SOLE	0	1,377,110	0	2,422,000
BANK NOVA SCOTIA HALIFAX	CS	064149107	1,319	20,272	SH		SOLE	0	20,272	0	0
BANK OF AMERICA CORPORATION	CS	060505104	51,508	1,249,301	SH		SOLE	0	127,297	0	1,122,004
BANK OF MONTREAL	CS	063671101	5,061	49,350	SH		DFND	0	49,005	0	345
BANK OF MONTREAL	CS	063671101	30,242	294,880	SH		SOLE	0	106,860	0	188,020
BARCLAYS ADR	CS	06738E204	2,238	231,953	SH		DFND	0	230,323	0	1,630
BARCLAYS ADR	CS	06738E204	14,895	1,543,494	SH		SOLE	0	559,494	0	984,000
BEST BUY INC COM	CS	086516101	52,454	456,198	SH		SOLE	0	30,046	0	426,152
BLACKROCK INC	CS	09247X101	478	546	SH		SOLE	0	336	0	210
BNP PARIBAS PA ADR	CS	05565A202	3,839	122,580	SH		DFND	0	121,728	0	852
BNP PARIBAS PA ADR	CS	05565A202	25,792	823,509	SH		SOLE	0	297,419	0	526,090
BOOKING HOLDINGS INC	CS	09857L108	9,152	4,183	SH		SOLE	0	447	0	3,736
BRISTOL MYERS SQUIBB CO	CS	110122108	24,762	370,575	SH		SOLE	0	38,423	0	332,152
BRITISH AMERN TOB PLC ADR	CS	110448107	1,772	45,080	SH		DFND	0	44,770	0	310
BRITISH AMERN TOB PLC ADR	CS	110448107	9,805	249,436	SH		SOLE	0	52,156	0	197,280
BROADCOM LTD	CS	11135F101	46,153	96,790	SH		SOLE	0	12,919	0	83,871
BROWN FORMAN CL B	CS	115637209	264	3,451	SH		SOLE	0	1,109	0	2,342
CANADIAN NATL RY CO	CS	136375102	1,734	16,436	SH		DFND	0	16,322	0	114
CANADIAN NATL RY CO	CS	136375102	10,945	103,722	SH		SOLE	0	37,412	0	66,310
CAPGEMINI SE	CS	13961R100	4,211	109,629	SH		DFND	0	108,884	0	745
CAPGEMINI SE	CS	13961R100	28,075	730,919	SH		SOLE	0	264,699	0	466,220
CAPRI HOLDINGS LTD	CS	G1890L107	3,761	64,728	SH		SOLE	0	1,248	0	63,480
CARRIER GLOBAL CORPORATION	CS	14448C104	214	4,405	SH		SOLE	0	898	0	3,507
CEMEX	CS	151290889	3,791	451,300	SH		SOLE	0	0	0	451,300
CERNER CORP	CS	156782104	21,349	273,146	SH		SOLE	0	1,206	0	271,940
CHECK POINT SOFTWARE TECH	CS	M22465104	3,321	28,600	SH		SOLE	0	0	0	28,600
CHEVRON CORP NEW COM	CS	166764100	28,045	267,760	SH		SOLE	0	35,997	0	231,763
CISCO SYS INC COM	CS	17275R102	369	6,962	SH		SOLE	0	672	0	6,290
CITIZENS FINANCIAL GROUP INC	CS	174610105	52,720	1,149,330	SH		SOLE	0	140,080	0	1,009,250
COMCAST CORP CL A	CS	20030N101	18,142	318,162	SH		SOLE	0	33,351	0	284,811
CONOCOPHILLIPS	CS	20825C104	27,555	452,465	SH		SOLE	0	45,876	0	406,589
CORESITE REALTY CORP.	CS	21870Q105	15,003	111,465	SH		SOLE	0	10,594	0	100,871
CRH PLC ADR	CS	12626K203	4,300	84,584	SH		DFND	0	83,962	0	622
CRH PLC ADR	CS	12626K203	28,967	569,770	SH		SOLE	0	207,640	0	362,130
D R HORTON INC	CS	23331a109	19,856	219,717	SH		SOLE	0	607	0	219,110
DAIWA HOUSE INDUSTRY	CS	234062206	1,154	38,494	SH		DFND	0	38,238	0	256
DAIWA HOUSE INDUSTRY	CS	234062206	7,730	257,834	SH		SOLE	0	92,834	0	165,000
DANONE SPON ADR	CS	23636T100	1,763	125,277	SH		DFND	0	124,423	0	854
DANONE SPON ADR	CS	23636T100	11,894	845,289	SH		SOLE	0	308,879	0	536,410
DARDEN RESTAURANTS INC	CS	237194105	20,290	138,983	SH		SOLE	0	383	0	138,600
DAVITA INC	CS	23918K108	58,737	487,729	SH		SOLE	0	31,714	0	456,015
DBS GROUP HOLDINGS LTD	CS	23304Y100	4,119	46,209	SH		DFND	0	45,883	0	326
DBS GROUP HOLDINGS LTD	CS	23304Y100	26,878	301,530	SH		SOLE	0	109,450	0	192,080
DEUTSCHE POST AG SPON	CS	25157Y202	1,224	17,964	SH		DFND	0	17,847	0	117
DEUTSCHE POST AG SPON	CS	25157Y202	8,105	118,947	SH		SOLE	0	42,947	0	76,000
EASTMAN CHEMICAL CO	CS	277432100	30,175	258,464	SH		SOLE	0	26,272	0	232,192
EATON VANCE MUNICIPAL BD	CS	27827X101	312	22,829	SH		SOLE	0	22,829	0	0
EBAY INC	CS	278642103	22,204	316,253	SH		SOLE	0	1,393	0	314,860
ELECTROLUX	CS	010198208	1,029	18,529	SH		SOLE	0	18,529	0	0
ELI LILLY & CO	CS	532457108	230	1,000	SH		SOLE	0	0	0	1,000
EMERSON ELEC CO COM	CS	291011104	281	2,918	SH		SOLE	0	0	0	2,918
EQUINOR ASA	CS	29446M102	1,111	52,409	SH		DFND	0	52,074	0	335
EQUINOR ASA	CS	29446M102	16,422	774,627	SH		SOLE	0	165,866	0	608,761
ERICSSON	CS	294821608	3,655	290,541	SH		DFND	0	288,568	0	1,973
ERICSSON	CS	294821608	23,931	1,902,301	SH		SOLE	0	687,341	0	1,214,960
EXXON MOBIL	CS	30231G102	694	10,998	SH		SOLE	0	6,630	0	4,368
F5 NETWORKS	CS	315616102	19,507	104,503	SH		SOLE	0	10,636	0	93,867
FEDEX CORP	CS	31428X106	20,794	69,703	SH		SOLE	0	193	0	69,510
FIFTH THIRD BANCORP	CS	316773100	53,562	1,401,044	SH		SOLE	0	90,079	0	1,310,965
FIRST FINANCIAL BANCORP	CS	320209109	283	11,964	SH		SOLE	0	11,964	0	0
FLEX LTD	CS	Y2573F102	3,261	182,500	SH		SOLE	0	0	0	182,500
FORTESCUE METAL GROUP	CS	34959A206	3,649	104,060	SH		SOLE	0	0	0	104,060
FRESENIUS MEDICAL CARE AG & CO	CS	358029106	2,491	59,923	SH		DFND	0	59,504	0	419
FRESENIUS MEDICAL CARE AG & CO	CS	358029106	19,052	458,315	SH		SOLE	0	130,545	0	327,770
FUJIFILM HOLDINGS CORP	CS	35958N107	4,130	55,809	SH		DFND	0	55,422	0	387
FUJIFILM HOLDINGS CORP	CS	35958N107	27,042	365,427	SH		SOLE	0	133,257	0	232,170
FUJITSU LIMITED ADR	CS	359590304	4,238	113,310	SH		SOLE	0	0	0	113,310
GAP INC	CS	364760108	22,282	662,159	SH		SOLE	0	2,929	0	659,230
GENERAL MILLS	CS	370334104	1,566	25,697	SH		SOLE	0	23,847	0	1,850
GILEAD SCIENCES INC	CS	375558103	1,211	17,585	SH		SOLE	0	17,585	0	0
HANESBRANDS INC.	CS	410345102	18,751	1,004,319	SH		SOLE	0	4,419	0	999,900
HDFC BANK LTD	CS	40415F101	4,199	57,432	SH		DFND	0	57,030	0	402
HDFC BANK LTD	CS	40415F101	26,739	365,698	SH		SOLE	0	133,438	0	232,260
HOME DEPOT	CS	437076102	55,795	174,966	SH		SOLE	0	11,844	0	163,122
HONDA MOTOR LTD AMERN SHS	CS	438128308	3,388	105,277	SH		DFND	0	104,554	0	723
HONDA MOTOR LTD AMERN SHS	CS	438128308	51,827	1,610,511	SH		SOLE	0	345,091	0	1,265,420
HORIZON THERAPEUTICS INC.	CS	G46188101	1,828	19,517	SH		DFND	0	19,365	0	152
HORIZON THERAPEUTICS INC.	CS	G46188101	38,316	409,177	SH		SOLE	0	79,856	0	329,321
HP INC	CS	40434L105	18,770	621,722	SH		SOLE	0	2,742	0	618,980
HUNTINGTON BANCSHARES INC	CS	446150104	950	66,557	SH		SOLE	0	66,557	0	0
ICON PLC - AMERICAN DEPOSITARY	CS	G4705A100	2,398	11,601	SH		DFND	0	11,516	0	85
ICON PLC - AMERICAN DEPOSITARY	CS	G4705A100	18,767	90,790	SH		SOLE	0	26,620	0	64,170
ILLINOIS TOOL WKS INC COM	CS	452308109	19,123	85,541	SH		SOLE	0	8,908	0	76,633
INFOSYS TECHNOLOGIES LTD	CS	456788108	3,523	166,271	SH		DFND	0	165,030	0	1,241
INFOSYS TECHNOLOGIES LTD	CS	456788108	20,065	946,924	SH		SOLE	0	343,814	0	603,110
ING GROUP N V	CS	456837103	3,659	276,367	SH		DFND	0	274,444	0	1,923
ING GROUP N V	CS	456837103	24,833	1,875,624	SH		SOLE	0	677,644	0	1,197,980
INTEL CORP	CS	458140100	20,228	360,308	SH		SOLE	0	36,704	0	323,604
INTL. BUSINESS MACHS CO	CS	459200101	1,040	7,094	SH		SOLE	0	7,094	0	0
INVESCO PLC	CS	G491BT108	20,741	775,945	SH		SOLE	0	3,435	0	772,510
IQVIA HOLDINGS INC	CS	46266C105	42,547	175,580	SH		SOLE	0	17,801	0	157,779
ISHARES BARCLAYS TIPS BOND FUN	ETF	464287176	264	2,060	SH		SOLE	0	2,060	0	0
ISHARES MSCI ACWI EX US ETF	ETF	464288240	2,102	36,553	SH		DFND	0	36,553	0	0
ISHARES NATIONAL MUNI BOND ETF	ETF	464288414	774	6,625	SH		SOLE	0	0	0	6,625
ISHARES TR	ETF	464287242	200	1,489	SH		SOLE	0	1,489	0	0
ITAU UNIBANCO HOLDINGS SA	CS	465562106	2,719	452,395	SH		DFND	0	449,369	0	3,026
ITAU UNIBANCO HOLDINGS SA	CS	465562106	17,404	2,895,710	SH		SOLE	0	1,048,010	0	1,847,700
ITOCHU CORPORATION	CS	465717106	3,069	53,352	SH		DFND	0	52,985	0	367
ITOCHU CORPORATION	CS	465717106	19,896	345,833	SH		SOLE	0	125,563	0	220,270
J P MORGAN CHASE & CO	CS	46625H100	56,750	364,858	SH		SOLE	0	37,161	0	327,697
JACOBS ENGINEERING GROUP	CS	469814107	38,717	290,191	SH		SOLE	0	29,763	0	260,428
JAZZ PHARMACEUTICALS INC	CS	G50871105	4,041	22,749	SH		SOLE	0	1,357	0	21,392
JOHNSON & JOHNSON COM	CS	478160104	542	3,288	SH		SOLE	0	800	0	2,488
JOHNSON CONTROLS INTERNATIONAL	CS	G51502105	26,311	383,378	SH		SOLE	0	908	0	382,470
JULIUS BAER GROUP LTD ADR	CS	48137C108	3,583	275,410	SH		DFND	0	273,339	0	2,071
JULIUS BAER GROUP LTD ADR	CS	48137C108	42	3,199	SH		SOLE	0	3,199	0	0
KB FINANCIAL GROUP INC	CS	48241A105	2,233	45,292	SH		DFND	0	44,988	0	304
KB FINANCIAL GROUP INC	CS	48241A105	14,754	299,271	SH		SOLE	0	108,271	0	191,000
KERING UNSPONSORED ADR	CS	492089107	727	8,299	SH		SOLE	0	8,299	0	0
KIRIN HOLDINGS	CS	497350306	3,522	180,070	SH		SOLE	0	0	0	180,070
KOMATSU LTD	CS	500458401	1,873	75,525	SH		DFND	0	74,992	0	533
KOMATSU LTD	CS	500458401	12,176	490,974	SH		SOLE	0	178,894	0	312,080
KONINKLIJKE	CS	500467501	2,489	83,831	SH		DFND	0	83,263	0	568
KONINKLIJKE	CS	500467501	20,027	674,557	SH		SOLE	0	197,307	0	477,250
KONINKLIJKE PHILIPS ELECT	CS	500472303	2,090	42,060	SH		DFND	0	41,768	0	292
KONINKLIJKE PHILIPS ELECT	CS	500472303	13,312	267,845	SH		SOLE	0	97,400	0	170,445
KT CORPORATION	CS	48268K101	2,106	151,000	SH		SOLE	0	0	0	151,000
LAZARD LTD	CS	G54050102	22,514	497,548	SH		SOLE	0	179,918	0	317,630
LENNAR CORP	CS	526057104	19,334	194,608	SH		SOLE	0	538	0	194,070
LENOVO GROUP LIMITED ADS	CS	526250105	2,791	121,200	SH		SOLE	0	0	0	121,200
LINCOLN NATIONAL CORP	CS	534187109	31,258	497,418	SH		SOLE	0	50,402	0	447,016
LIVANOVA PLC	CS	G5509L101	265	3,149	SH		SOLE	0	3,149	0	0
LOGITECH INTERNATIONAL S.A.	CS	H50430232	3,692	30,530	SH		SOLE	0	0	0	30,530
LUMENTUM HOLDINGS INC	CS	55024U109	25,894	315,668	SH		SOLE	0	32,096	0	283,572
LVMH Moet Hennessy	CS	502441306	3,499	22,173	SH		DFND	0	22,017	0	156
LVMH Moet Hennessy	CS	502441306	21,525	136,408	SH		SOLE	0	46,628	0	89,780
LYONDELLBASELL INDUSTRIES	CS	N53745100	3,967	38,562	SH		DFND	0	38,272	0	290
LYONDELLBASELL INDUSTRIES	CS	N53745100	27,689	269,162	SH		SOLE	0	106,772	0	162,390
MAGNA INTERNATIONAL INC	CS	559222401	4,565	49,276	SH		DFND	0	48,939	0	337
MAGNA INTERNATIONAL INC	CS	559222401	30,518	329,425	SH		SOLE	0	119,095	0	210,330
MANULIFE FINANACIAL CORP	CS	56501R106	1,033	52,442	SH		SOLE	0	52,442	0	0
MASCO CORP	CS	574599106	29,533	501,331	SH		SOLE	0	19,033	0	482,298
MCDONALDS CORP	CS	580135101	1,106	4,788	SH		SOLE	0	2,627	0	2,161
MCKESSON CORP COM	CS	58155Q103	19,959	104,367	SH		SOLE	0	457	0	103,910
METLIFE INC.	CS	59156R108	1,474	24,633	SH		SOLE	0	24,633	0	0
MICROSOFT CORP	CS	594918104	3,693	13,633	SH		SOLE	0	9,520	0	4,113
MITSUBISHI UFJ FINL GROUP ADR	CS	606822104	1,707	315,029	SH		DFND	0	312,807	0	2,222
MITSUBISHI UFJ FINL GROUP ADR	CS	606822104	9,357	1,726,503	SH		SOLE	0	613,593	0	1,112,910
MOBILE TELESYSTEMS OJSC	CS	607409109	3,020	326,082	SH		DFND	0	323,868	0	2,214
MOBILE TELESYSTEMS OJSC	CS	607409109	22,674	2,448,599	SH		SOLE	0	734,199	0	1,714,400
MOMO INC	CS	60879B107	1,642	107,264	SH		DFND	0	106,577	0	687
MOMO INC	CS	60879B107	8,647	564,841	SH		SOLE	0	206,591	0	358,250
MORGAN STANLEY COM NEW	CS	617446448	55,764	608,175	SH		SOLE	0	61,849	0	546,326
NASPERS LIMITED ADR	CS	631512209	3,491	82,767	SH		DFND	0	82,201	0	566
NASPERS LIMITED ADR	CS	631512209	22,875	542,339	SH		SOLE	0	197,829	0	344,510
NATIONAL GRID TRANSCO PLC ADR	CS	636274409	1,042	16,296	SH		SOLE	0	16,296	0	0
NETAPP	CS	64110D104	22,267	272,149	SH		SOLE	0	749	0	271,400
NETEASE INC. ADR	CS	64110W102	4,943	42,892	SH		DFND	0	42,579	0	313
NETEASE INC. ADR	CS	64110W102	31,871	276,541	SH		SOLE	0	99,951	0	176,590
NEW ORIENTAL EDUCATION ADR	CS	647581107	1,589	194,075	SH		DFND	0	192,627	0	1,448
NEW ORIENTAL EDUCATION ADR	CS	647581107	10,951	1,337,019	SH		SOLE	0	484,619	0	852,400
NIPPON TELEG & TEL CORP	CS	654624105	2,304	87,950	SH		DFND	0	87,349	0	601
NIPPON TELEG & TEL CORP	CS	654624105	15,069	575,325	SH		SOLE	0	208,435	0	366,890
NUVEEN KENTUCKY MUNICIPAL BOND	BF	67065R804	2,359	210,090	SH		SOLE	0	40,360	0	169,730
NVIDIA CORP	CS	67066g104	1,024	1,280	SH		SOLE	0	0	0	1,280
NVR INC	CS	62944T105	40,736	8,191	SH		SOLE	0	797	0	7,394
NXP SEMICONDUCTORS NV	CS	N6596X109	5,202	25,287	SH		DFND	0	25,080	0	207
NXP SEMICONDUCTORS NV	CS	N6596X109	33,927	164,918	SH		SOLE	0	59,978	0	104,940
OMEGA HEALTHCARE INVS	CS	681936100	1,118	30,809	SH		SOLE	0	30,809	0	0
ON SEMICONDUCTOR CORP	CS	682189105	37,330	975,181	SH		SOLE	0	98,102	0	877,079
OPEN TEXT CORPORATION	CS	683715106	3,554	69,964	SH		DFND	0	69,504	0	460
OPEN TEXT CORPORATION	CS	683715106	47,208	929,302	SH		SOLE	0	206,716	0	722,586
ORACLE CORP COM	CS	68389X105	21,559	276,962	SH		SOLE	0	762	0	276,200
ORANGE	CS	684060106	942	82,367	SH		SOLE	0	82,367	0	0
ORIX CORP ADR	CS	686330101	2,328	27,494	SH		DFND	0	27,304	0	190
ORIX CORP ADR	CS	686330101	14,491	171,177	SH		SOLE	0	62,187	0	108,990
OSHKOSH CORPORATION	CS	688239201	34,966	280,537	SH		SOLE	0	28,577	0	251,960
PANASONIC CORPORATION	CS	69832A205	267	23,074	SH		SOLE	0	23,074	0	0
PARKER HANNIFIN CORP	CS	701094104	40,044	130,388	SH		SOLE	0	13,311	0	117,077
PFIZER INC	CS	717081103	1,435	36,646	SH		SOLE	0	36,646	0	0
PHILIP MORRIS INTL INC COM	CS	718172109	2,118	21,374	SH		SOLE	0	17,415	0	3,959
PHILLIPS 66	CS	718546104	23,541	274,297	SH		SOLE	0	28,003	0	246,294
PING AN INSURANCE GROUP	CS	72341E304	2,899	147,667	SH		DFND	0	146,564	0	1,103
PING AN INSURANCE GROUP	CS	72341E304	20,801	1,059,668	SH		SOLE	0	383,018	0	676,650
PJSC LUKOIL CO ADR	CS	69343P105	5,136	55,829	SH		DFND	0	55,438	0	391
PJSC LUKOIL CO ADR	CS	69343P105	34,653	376,661	SH		SOLE	0	142,561	0	234,100
PORSCHE AUTOMOBILE HOLDINGS	CS	73328P106	3,202	297,060	SH		SOLE	0	0	0	297,060
PPL CORP	CS	69351T106	1,125	40,226	SH		SOLE	0	40,226	0	0
PROCTER & GAMBLE	CS	742718109	461	3,415	SH		SOLE	0	661	0	2,754
PROGRESSIVE CORP OHIO	CS	743315103	33,298	339,048	SH		SOLE	0	31,894	0	307,154
PULTEGROUP INC.	CS	745867101	39,757	728,553	SH		SOLE	0	73,363	0	655,190
QORVO, INC	CS	74736K101	45,706	233,608	SH		SOLE	0	23,238	0	210,370
QUALCOMM INC	CS	747525103	63,994	447,731	SH		SOLE	0	31,315	0	416,416
QUANTA SERVICES INC	CS	74762E102	207	2,289	SH		SOLE	0	0	0	2,289
RANDSTAD NV ADR UNSPON	CS	75279Q108	3,409	89,020	SH		SOLE	0	0	0	89,020
RAYTHEON TECHNOLOGIES CORP	CS	75513E101	376	4,405	SH		SOLE	0	898	0	3,507
REPSOL S.A.	CS	76026T205	3,782	297,781	SH		DFND	0	295,697	0	2,084
REPSOL S.A.	CS	76026T205	25,465	2,005,155	SH		SOLE	0	725,395	0	1,279,760
RIO TINTO PLC ADR	CS	767204100	5,200	61,986	SH		DFND	0	61,519	0	467
RIO TINTO PLC ADR	CS	767204100	74,044	882,643	SH		SOLE	0	190,904	0	691,739
ROCHE HLDG LTD	CS	771195104	1,829	38,926	SH		DFND	0	38,673	0	253
ROCHE HLDG LTD	CS	771195104	10,515	223,786	SH		SOLE	0	78,406	0	145,380
ROSS STORES INC COM	CS	778296103	439	3,544	SH		SOLE	0	0	0	3,544
ROYAL DUTCH SHELL PLC	CS	780259206	3,860	95,548	SH		DFND	0	94,864	0	684
ROYAL DUTCH SHELL PLC	CS	780259206	56,609	1,401,208	SH		SOLE	0	311,824	0	1,089,384
SASOL LTD ADR	CS	803866300	3,204	209,020	SH		SOLE	0	0	0	209,020
SBERBANK OF RUSSIA	CS	80585Y308	3,590	215,069	SH		DFND	0	213,521	0	1,548
SBERBANK OF RUSSIA	CS	80585Y308	23,867	1,430,041	SH		SOLE	0	566,131	0	863,910
SEAGATE TECHNOLOGY HOLDINGS PL	CS	G7997R103	26,115	296,994	SH		SOLE	0	704	0	296,290
SEMPRA ENERGY	CS	816851109	10,839	81,813	SH		SOLE	0	8,290	0	73,523
SENSATA TECHNOLOGIES HOLDING P	CS	G8060N102	3,027	52,220	SH		DFND	0	51,825	0	395
SENSATA TECHNOLOGIES HOLDING P	CS	G8060N102	19,279	332,557	SH		SOLE	0	118,897	0	213,660
SHIONOGI & CO LTD UNSP	CS	824667109	2,037	156,575	SH		DFND	0	155,481	0	1,094
SHIONOGI & CO LTD UNSP	CS	824667109	13,219	1,016,101	SH		SOLE	0	356,251	0	659,850
SK TELECOM CO	CS	78440p108	3,455	110,000	SH		SOLE	0	0	0	110,000
SKYWORKS	CS	83088M102	20,351	106,131	SH		SOLE	0	291	0	105,840
SONY GROUP CORPORATION	CS	835699307	4,319	44,427	SH		DFND	0	44,121	0	306
SONY GROUP CORPORATION	CS	835699307	27,284	280,641	SH		SOLE	0	100,541	0	180,100
SOUTHWEST AIRLINES	CS	844741108	28,511	537,020	SH		SOLE	0	54,437	0	482,583
STELLANTIS NV	CS	NL0015000	3,711	188,260	SH		SOLE	0	0	0	188,260
STOCK YARDS BANCORP, INC	CS	861025104	547	10,752	SH		SOLE	0	10,752	0	0
SUN LIFE FINANCIAL	CS	866796105	3,426	66,473	SH		DFND	0	66,000	0	473
SUN LIFE FINANCIAL	CS	866796105	22,152	429,802	SH		SOLE	0	170,632	0	259,170
TAIWAN SEMICONDUCTOR MFG CO AD	CS	874039100	3,733	31,064	SH		DFND	0	30,858	0	206
TAIWAN SEMICONDUCTOR MFG CO AD	CS	874039100	27,031	224,956	SH		SOLE	0	71,416	0	153,540
TARGET CORP COM	CS	87612E106	65,027	268,993	SH		SOLE	0	17,541	0	251,452
TE CONNECTIVITY LTD.	CS	H84989104	30,207	223,413	SH		SOLE	0	23,720	0	199,693
TECHTRONIC INDUSTRIES CO	CS	87873R101	3,557	40,589	SH		DFND	0	40,313	0	276
TECHTRONIC INDUSTRIES CO	CS	87873R101	22,233	253,713	SH		SOLE	0	91,823	0	161,890
TERADYNE INC	CS	880770102	20,854	155,677	SH		SOLE	0	427	0	155,250
TERNIUM SA ADR	CS	880890108	3,391	88,160	SH		SOLE	0	0	0	88,160
TEXAS ROADHOUSE	CS	882681109	4,068	42,282	SH		SOLE	0	42,282	0	0
TOKYO ELECTRON LTD	CS	889110102	5,054	46,706	SH		DFND	0	46,322	0	384
TOKYO ELECTRON LTD	CS	889110102	29,102	268,960	SH		SOLE	0	97,200	0	171,760
TOTALENERGIES, SE	CS	89151E109	3,783	83,573	SH		DFND	0	82,999	0	574
TOTALENERGIES, SE	CS	89151E109	60,930	1,346,223	SH		SOLE	0	299,485	0	1,046,738
TRACTOR SUPPLY	CS	892356106	20,725	111,388	SH		SOLE	0	308	0	111,080
UBS GROUP AG	CS	H42097107	4,400	286,814	SH		DFND	0	284,895	0	1,919
UBS GROUP AG	CS	H42097107	28,500	1,857,845	SH		SOLE	0	671,225	0	1,186,620
UNILEVER	CS	904767704	3,050	52,131	SH		SOLE	0	52,131	0	0
UNION PAC CORP COM	CS	907818108	29,361	133,501	SH		SOLE	0	13,722	0	119,779
UNITED HEALTHCARE CORP	CS	91324p102	38,088	95,114	SH		SOLE	0	9,437	0	85,677
UNITED MICROELECTRONICS CORP A	CS	910873405	3,462	366,360	SH		SOLE	0	0	0	366,360
UNITED RENTALS INC	CS	911363109	74,215	232,642	SH		SOLE	0	17,946	0	214,696
VALE SA	CS	91912E105	4,331	189,864	SH		DFND	0	188,537	0	1,327
VALE SA	CS	91912E105	69,949	3,066,578	SH		SOLE	0	634,064	0	2,432,514
VANGUARD BD INDEX FD INC	BF	921937827	610	7,430	SH		SOLE	0	7,430	0	0
VANGUARD INTERMEDIATE-TERM COR	BF	92206C870	204	2,150	SH		SOLE	0	2,150	0	0
VANGUARD S&P 500 ETF	ETF	922908363	2,225	5,653	SH		SOLE	0	5,653	0	0
VEOLIA ENVIRONMENT	CS	92334N103	2,403	79,371	SH		DFND	0	78,835	0	536
VEOLIA ENVIRONMENT	CS	92334N103	13,597	449,168	SH		SOLE	0	161,048	0	288,120
VERIZON COMMUNICATIONS	CS	92343V104	19,957	356,183	SH		SOLE	0	54,740	0	301,443
VIPSHOP HOLDINGS LTD ADS	CS	92763W103	2,149	107,001	SH		DFND	0	106,256	0	745
VIPSHOP HOLDINGS LTD ADS	CS	92763W103	17,186	855,901	SH		SOLE	0	309,271	0	546,630
W.W. GRAINGER INC.	CS	384802104	15,199	34,701	SH		SOLE	0	151	0	34,550
WHIRLPOOL CORP	CS	963320106	19,417	89,061	SH		SOLE	0	391	0	88,670
YANDEX N.V.	CS	N97284108	1,226	17,332	SH		DFND	0	17,215	0	117
YANDEX N.V.	CS	N97284108	7,541	106,575	SH		SOLE	0	38,505	0	68,070
ZIONS BANCORPORATION	CS	989701107	21,736	411,194	SH		SOLE	0	41,141	0	370,053
ZTO EXPRESS INC	CS	98980A105	3,733	123,003	SH		DFND	0	122,236	0	767
ZTO EXPRESS INC	CS	98980A105	27,491	905,801	SH		SOLE	0	327,431	0	578,370