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
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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
ABBVIE	CS	00287Y109	39,289	364,227	SH		SOLE	0	46,531	0	317,696
AERCAP HOLDINGS NV	CS	N00985106	5,785	100,747	SH		DFND	0	100,076	0	671
AERCAP HOLDINGS NV	CS	N00985106	28,922	500,306	SH		SOLE	0	180,776	0	319,530
AKAMAI TECHNOLGIES	CS	00971T101	28,159	269,230	SH		SOLE	0	26,252	0	242,978
ALIBABA GROUP HOLDING	CS	01609W102	1,977	13,353	SH		DFND	0	13,252	0	101
ALIBABA GROUP HOLDING	CS	01609W102	13,408	90,561	SH		SOLE	0	32,941	0	57,620
ALLIANZ SE	CS	018820100	983	43,779	SH		SOLE	0	43,779	0	0
ALPHABET INC	CS	02079K305	57,305	21,434	SH		SOLE	0	1,989	0	19,445
ALTRIA GROUP INC COM	CS	02209S103	14,041	308,463	SH		SOLE	0	48,774	0	259,689
AMDOCS LTD	CS	G02602103	3,697	48,828	SH		DFND	0	48,541	0	287
AMDOCS LTD	CS	G02602103	22,765	300,690	SH		SOLE	0	92,390	0	208,300
AMERICAN EXPRESS CO	CS	025816109	36,889	220,195	SH		SOLE	0	21,437	0	198,758
AMERIPRISE FINANCIAL INC	CS	03076C106	68,314	258,646	SH		SOLE	0	17,196	0	241,450
AMGEN INC	CS	031162100	30,584	143,826	SH		SOLE	0	14,104	0	129,722
ANGLO AMERICAN PLC ADR	CS	03485P300	2,491	140,080	SH		DFND	0	139,126	0	954
ANGLO AMERICAN PLC ADR	CS	03485P300	14,757	829,959	SH		SOLE	0	300,959	0	529,000
ANTHEM, INC	CS	036752103	25,829	69,284	SH		SOLE	0	6,761	0	62,523
AON CORP.	CS	G0403H108	3,740	13,087	SH		DFND	0	13,001	0	86
AON CORP.	CS	G0403H108	21,392	74,855	SH		SOLE	0	26,278	0	48,577
AP MOLLER MAERSK	CS	00202F102	3,355	247,750	SH		SOLE	0	0	0	247,750
APPLE COMPUTER INC	CS	037833100	42,846	302,799	SH		SOLE	0	32,637	0	270,162
APTIV PLC ORDINARY	CS	G6095L109	7	48	SH		DFND	0	48	0	0
APTIV PLC ORDINARY	CS	G6095L109	472	3,171	SH		SOLE	0	242	0	2,929
ASHTEAD GROUP PLC UNSP	CS	045055100	5,936	19,457	SH		DFND	0	19,327	0	130
ASHTEAD GROUP PLC UNSP	CS	045055100	30,831	101,061	SH		SOLE	0	36,871	0	64,190
ASTELLAS PHARMA INC	CS	04623U102	2,732	165,400	SH		SOLE	0	0	0	165,400
AT&T INC COM	CS	00206R102	569	21,052	SH		SOLE	0	18,592	0	2,460
AUTOZONE INC	CS	053332102	62,097	36,571	SH		SOLE	0	2,260	0	34,311
AXA- SPONS ADR	CS	054536107	2,138	76,474	SH		DFND	0	75,968	0	506
AXA- SPONS ADR	CS	054536107	13,793	493,327	SH		SOLE	0	170,667	0	322,660
B A S F A G	CS	055262505	3,066	161,005	SH		DFND	0	159,947	0	1,058
B A S F A G	CS	055262505	17,599	924,310	SH		SOLE	0	336,710	0	587,600
BAE SYSTEMS PLC ADR	CS	05523R107	991	32,409	SH		SOLE	0	32,409	0	0
BAIDU INC	CS	056752108	2,858	18,588	SH		DFND	0	18,472	0	116
BAIDU INC	CS	056752108	17,610	114,533	SH		SOLE	0	41,313	0	73,220
BANCO SANTANDER SA ADS	CS	05964H105	3,672	1,014,389	SH		DFND	0	1,008,125	0	6,264
BANCO SANTANDER SA ADS	CS	05964H105	22,296	6,159,156	SH		SOLE	0	2,237,156	0	3,922,000
BANK NOVA SCOTIA HALIFAX	CS	064149107	1,091	17,727	SH		SOLE	0	17,727	0	0
BANK OF AMERICA CORPORATION	CS	060505104	52,710	1,241,701	SH		SOLE	0	120,049	0	1,121,652
BANK OF MONTREAL	CS	063671101	5,406	54,205	SH		DFND	0	53,863	0	342
BANK OF MONTREAL	CS	063671101	29,391	294,707	SH		SOLE	0	106,687	0	188,020
BARCLAYS ADR	CS	06738E204	3,632	351,912	SH		DFND	0	349,639	0	2,273
BARCLAYS ADR	CS	06738E204	22,592	2,189,064	SH		SOLE	0	795,064	0	1,394,000
BEST BUY INC COM	CS	086516101	48,784	461,491	SH		SOLE	0	28,417	0	433,074
BLACKROCK INC	CS	09247X101	458	546	SH		SOLE	0	336	0	210
BNP PARIBAS PA ADR	CS	05565A202	4,450	138,805	SH		DFND	0	137,948	0	857
BNP PARIBAS PA ADR	CS	05565A202	26,386	823,027	SH		SOLE	0	296,937	0	526,090
BRASKEM SA	CS	105532105	2,128	97,500	SH		SOLE	0	0	0	97,500
BRISTOL MYERS SQUIBB CO	CS	110122108	21,792	368,295	SH		SOLE	0	36,246	0	332,049
BRITISH AMERN TOB PLC ADR	CS	110448107	1,741	49,358	SH		DFND	0	49,044	0	314
BRITISH AMERN TOB PLC ADR	CS	110448107	8,682	246,085	SH		SOLE	0	48,805	0	197,280
BROADCOM LTD	CS	11135F101	46,469	95,827	SH		SOLE	0	11,981	0	83,846
CANADIAN NATL RY CO	CS	136375102	2,069	17,892	SH		DFND	0	17,778	0	114
CANADIAN NATL RY CO	CS	136375102	12,008	103,833	SH		SOLE	0	37,523	0	66,310
CAPGEMINI SE	CS	13961R100	5,023	120,688	SH		DFND	0	119,922	0	766
CAPGEMINI SE	CS	13961R100	30,403	730,490	SH		SOLE	0	264,270	0	466,220
CAPRI HOLDINGS LTD	CS	G1890L107	3,485	71,980	SH		SOLE	0	0	0	71,980
CERNER CORP	CS	156782104	18,575	263,397	SH		SOLE	0	1,157	0	262,240
CHARTER COMMUNICATIONS INC DEL	CS	16119P108	20,793	28,579	SH		SOLE	0	79	0	28,500
CHECK POINT SOFTWARE TECH	CS	M22465104	3,131	27,700	SH		SOLE	0	0	0	27,700
CHEVRON CORP NEW COM	CS	166764100	26,989	266,037	SH		SOLE	0	34,344	0	231,693
CHUGAI PHARMA UNSUP ADR	CS	171269103	2,240	122,000	SH		SOLE	0	0	0	122,000
CIGNA CORP	CS	125523100	17,374	86,803	SH		SOLE	0	240	0	86,563
CISCO SYS INC COM	CS	17275R102	379	6,962	SH		SOLE	0	672	0	6,290
CITIZENS FINANCIAL GROUP INC	CS	174610105	53,526	1,139,324	SH		SOLE	0	130,381	0	1,008,943
COMCAST CORP CL A	CS	20030N101	17,686	316,214	SH		SOLE	0	31,491	0	284,723
COMPAGNIE DE SAINT GOB	CS	204280309	1,037	77,201	SH		DFND	0	76,726	0	475
COMPAGNIE DE SAINT GOB	CS	204280309	7,026	523,188	SH		SOLE	0	190,188	0	333,000
CONOCOPHILLIPS	CS	20825C104	30,474	449,675	SH		SOLE	0	43,211	0	406,464
CORESITE REALTY CORP.	CS	21870Q105	15,350	110,794	SH		SOLE	0	9,954	0	100,840
CRH PLC ADR	CS	12626K203	4,563	97,626	SH		DFND	0	96,995	0	631
CRH PLC ADR	CS	12626K203	26,615	569,436	SH		SOLE	0	207,306	0	362,130
DAIWA HOUSE INDUSTRY	CS	234062206	1,407	42,355	SH		DFND	0	42,103	0	252
DAIWA HOUSE INDUSTRY	CS	234062206	8,560	257,684	SH		SOLE	0	92,684	0	165,000
DANONE SPON ADR	CS	23636T100	1,813	133,832	SH		DFND	0	132,911	0	921
DANONE SPON ADR	CS	23636T100	11,447	844,801	SH		SOLE	0	308,391	0	536,410
DARDEN RESTAURANTS INC	CS	237194105	21,295	140,590	SH		SOLE	0	390	0	140,200
DAVITA INC	CS	23918K108	54,617	469,788	SH		SOLE	0	29,857	0	439,931
DBS GROUP HOLDINGS LTD	CS	23304Y100	4,591	51,754	SH		DFND	0	51,421	0	333
DBS GROUP HOLDINGS LTD	CS	23304Y100	26,731	301,352	SH		SOLE	0	109,272	0	192,080
DEUTSCHE POST AG SPON	CS	25157Y202	1,232	19,526	SH		DFND	0	19,400	0	126
DEUTSCHE POST AG SPON	CS	25157Y202	7,501	118,878	SH		SOLE	0	42,878	0	76,000
DXC TECHNOLOGY	CS	23355L106	17,619	524,214	SH		SOLE	0	2,314	0	521,900
EASTMAN CHEMICAL CO	CS	277432100	25,879	256,885	SH		SOLE	0	24,765	0	232,120
EATON VANCE MUNICIPAL BD	CS	27827X101	305	22,829	SH		SOLE	0	22,829	0	0
EBAY INC	CS	278642103	20,710	297,257	SH		SOLE	0	1,297	0	295,960
ELECTROLUX	CS	010198208	761	16,193	SH		SOLE	0	16,193	0	0
EMERSON ELEC CO COM	CS	291011104	275	2,918	SH		SOLE	0	0	0	2,918
EQUINOR ASA	CS	29446M102	3,435	134,713	SH		DFND	0	133,849	0	864
EQUINOR ASA	CS	29446M102	48,581	1,905,166	SH		SOLE	0	405,430	0	1,499,736
ERICSSON	CS	294821608	3,583	319,951	SH		DFND	0	317,975	0	1,976
ERICSSON	CS	294821608	21,293	1,901,187	SH		SOLE	0	686,227	0	1,214,960
EXXON MOBIL	CS	30231G102	647	10,998	SH		SOLE	0	6,630	0	4,368
F5 NETWORKS	CS	315616102	29,625	149,033	SH		SOLE	0	14,502	0	134,531
FEDEX CORP	CS	31428X106	15,222	69,415	SH		SOLE	0	305	0	69,110
FIFTH THIRD BANCORP	CS	316773100	59,579	1,403,841	SH		SOLE	0	85,023	0	1,318,818
FLEX LTD	CS	Y2573F102	3,752	212,200	SH		SOLE	0	0	0	212,200
FORD MOTOR CO	CS	345370860	19,708	1,391,818	SH		SOLE	0	6,118	0	1,385,700
FRESENIUS MEDICAL CARE AG & CO	CS	358029106	1,112	31,795	SH		DFND	0	31,546	0	249
FRESENIUS MEDICAL CARE AG & CO	CS	358029106	6,653	190,259	SH		SOLE	0	67,369	0	122,890
FUJIFILM HOLDINGS CORP	CS	35958N107	5,303	61,569	SH		DFND	0	61,188	0	381
FUJIFILM HOLDINGS CORP	CS	35958N107	31,456	365,211	SH		SOLE	0	133,041	0	232,170
FUJITSU LIMITED ADR	CS	359590304	1,208	33,270	SH		DFND	0	33,073	0	197
FUJITSU LIMITED ADR	CS	359590304	10,344	284,938	SH		SOLE	0	70,228	0	214,710
GENERAL MILLS	CS	370334104	1,377	23,027	SH		SOLE	0	21,177	0	1,850
GILEAD SCIENCES INC	CS	375558103	1,076	15,408	SH		SOLE	0	15,408	0	0
HCA HEALTHCARE INC	CS	40412C101	23,707	97,671	SH		SOLE	0	271	0	97,400
HDFC BANK LTD	CS	40415F101	4,603	62,981	SH		DFND	0	62,581	0	400
HDFC BANK LTD	CS	40415F101	26,713	365,482	SH		SOLE	0	133,222	0	232,260
HELLO GROUP INC.	CS	423403104	929	87,790	SH		DFND	0	87,159	0	631
HELLO GROUP INC.	CS	423403104	5,973	564,515	SH		SOLE	0	206,265	0	358,250
HOME DEPOT	CS	437076102	57,192	174,228	SH		SOLE	0	11,136	0	163,092
HONDA MOTOR LTD AMERN SHS	CS	438128308	3,438	112,097	SH		DFND	0	111,372	0	725
HONDA MOTOR LTD AMERN SHS	CS	438128308	49,201	1,604,202	SH		SOLE	0	339,037	0	1,265,165
HORIZON THERAPEUTICS INC.	CS	G46188101	3,664	33,453	SH		DFND	0	33,239	0	214
HORIZON THERAPEUTICS INC.	CS	G46188101	58,430	533,418	SH		SOLE	0	103,782	0	429,636
HP INC	CS	40434L105	18,637	681,180	SH		SOLE	0	3,000	0	678,180
HUNTINGTON BANCSHARES INC	CS	446150104	899	58,141	SH		SOLE	0	58,141	0	0
ICON PLC - AMERICAN DEPOSITARY	CS	G4705A100	2,109	8,050	SH		DFND	0	7,992	0	58
ICON PLC - AMERICAN DEPOSITARY	CS	G4705A100	11,654	44,477	SH		SOLE	0	15,987	0	28,490
ILLINOIS TOOL WKS INC COM	CS	452308109	17,566	85,012	SH		SOLE	0	8,403	0	76,609
INFOSYS TECHNOLOGIES LTD	CS	456788108	3,799	170,762	SH		DFND	0	169,560	0	1,202
INFOSYS TECHNOLOGIES LTD	CS	456788108	21,057	946,367	SH		SOLE	0	343,257	0	603,110
ING GROUP N V	CS	456837103	4,635	319,882	SH		DFND	0	317,880	0	2,002
ING GROUP N V	CS	456837103	27,162	1,874,524	SH		SOLE	0	676,544	0	1,197,980
INTEL CORP	CS	458140100	435	8,167	SH		SOLE	0	692	0	7,475
INTL. BUSINESS MACHS CO	CS	459200101	864	6,218	SH		SOLE	0	6,218	0	0
INVESCO PLC	CS	G491BT108	21,899	908,309	SH		SOLE	0	3,399	0	904,910
IQVIA HOLDINGS INC	CS	46266C105	37,684	157,318	SH		SOLE	0	15,299	0	142,019
ISHARES BARCLAYS TIPS BOND FUN	BF	464287176	263	2,060	SH		SOLE	0	2,060	0	0
ISHARES MSCI ACWI EX US ETF	ETF	464288240	4,280	77,237	SH		DFND	0	77,219	0	18
ISHARES NATIONAL MUNI BOND ETF	BF	464288414	768	6,625	SH		SOLE	0	0	0	6,625
ITAU UNIBANCO HOLDINGS SA	CS	465562106	2,657	504,152	SH		DFND	0	3,243	0	500,909
ITAU UNIBANCO HOLDINGS SA	CS	465562106	15,251	2,894,014	SH		SOLE	0	1,046,314	0	1,847,700
ITOCHU CORPORATION	CS	465717106	3,576	60,881	SH		DFND	0	60,513	0	368
ITOCHU CORPORATION	CS	465717106	20,299	345,630	SH		SOLE	0	125,360	0	220,270
J P MORGAN CHASE & CO	CS	46625H100	59,364	362,660	SH		SOLE	0	35,062	0	327,598
JACOBS ENGINEERING GROUP	CS	469814107	38,220	288,388	SH		SOLE	0	28,041	0	260,347
JANUS HENDERSON	CS	G4474Y214	3,542	85,700	SH		SOLE	0	0	0	85,700
JAZZ PHARMACEUTICALS INC	CS	G50871105	335	2,569	SH		SOLE	0	1,357	0	1,212
JOHNSON & JOHNSON COM	CS	478160104	531	3,288	SH		SOLE	0	800	0	2,488
JOHNSON CONTROLS INTERNATIONAL	CS	G51502105	23,848	350,301	SH		SOLE	0	831	0	349,470
JULIUS BAER GROUP LTD ADR	CS	48137C108	3,986	300,806	SH		DFND	0	298,729	0	2,077
JULIUS BAER GROUP LTD ADR	CS	48137C108	43	3,199	SH		SOLE	0	3,199	0	0
KB FINANCIAL GROUP INC	CS	48241A105	3,200	68,961	SH		DFND	0	68,533	0	428
KB FINANCIAL GROUP INC	CS	48241A105	19,377	417,515	SH		SOLE	0	151,515	0	266,000
KERING UNSPONSORED ADR	CS	492089107	544	7,622	SH		SOLE	0	7,622	0	0
KIRIN HOLDINGS	CS	497350306	3,354	179,270	SH		SOLE	0	0	0	179,270
KOMATSU LTD	CS	500458401	2,150	89,583	SH		DFND	0	89,025	0	558
KOMATSU LTD	CS	500458401	11,776	490,687	SH		SOLE	0	178,607	0	312,080
KONINKLIJKE	CS	500467501	2,957	88,906	SH		DFND	0	88,347	0	559
KONINKLIJKE	CS	500467501	22,049	662,944	SH		SOLE	0	196,994	0	465,950
KONINKLIJKE PHILIPS ELECT	CS	500472303	2,188	49,232	SH		DFND	0	48,920	0	312
KONINKLIJKE PHILIPS ELECT	CS	500472303	11,897	267,691	SH		SOLE	0	97,246	0	170,445
KT CORPORATION	CS	48268K101	3,229	237,100	SH		SOLE	0	0	0	237,100
LAM RESEARCH	CS	512807108	18,377	32,289	SH		SOLE	0	89	0	32,200
LAZARD LTD	CS	G54050102	22,774	497,259	SH		SOLE	0	179,629	0	317,630
LENOVO GROUP LIMITED ADS	CS	526250105	4,612	165,600	SH		SOLE	0	0	0	165,600
LINCOLN NATIONAL CORP	CS	534187109	33,988	494,369	SH		SOLE	0	47,489	0	446,880
LOGITECH INTERNATIONAL S.A.	CS	H50430232	2,533	28,730	SH		SOLE	0	0	0	28,730
LUMENTUM HOLDINGS INC	CS	55024U109	26,209	313,729	SH		SOLE	0	30,244	0	283,485
LVMH Moet Hennessy	CS	502441306	3,185	22,226	SH		DFND	0	22,085	0	141
LVMH Moet Hennessy	CS	502441306	16,956	118,340	SH		SOLE	0	40,560	0	77,780
LYONDELLBASELL INDUSTRIES	CS	N53745100	4,109	43,785	SH		DFND	0	43,494	0	291
LYONDELLBASELL INDUSTRIES	CS	N53745100	25,092	267,362	SH		SOLE	0	104,972	0	162,390
MAGNA INTERNATIONAL INC	CS	559222401	4,217	56,052	SH		DFND	0	55,699	0	353
MAGNA INTERNATIONAL INC	CS	559222401	28,284	375,921	SH		SOLE	0	136,591	0	239,330
MANULIFE FINANACIAL CORP	CS	56501R106	877	45,574	SH		SOLE	0	45,574	0	0
MASCO CORP	CS	574599106	47,048	846,948	SH		SOLE	0	49,376	0	797,572
MCDONALDS CORP	CS	580135101	1,154	4,788	SH		SOLE	0	2,627	0	2,161
MCKESSON CORP COM	CS	58155Q103	21,644	108,557	SH		SOLE	0	472	0	108,085
METLIFE INC.	CS	59156R108	1,361	22,049	SH		SOLE	0	22,049	0	0
MICROSOFT CORP	CS	594918104	3,711	13,163	SH		SOLE	0	9,050	0	4,113
MITSUBISHI UFJ FINL GROUP ADR	CS	606822104	2,115	356,671	SH		DFND	0	354,464	0	2,207
MITSUBISHI UFJ FINL GROUP ADR	CS	606822104	10,233	1,725,536	SH		SOLE	0	612,626	0	1,112,910
MOBILE TELESYSTEMS OJSC	CS	607409109	3,507	363,847	SH		DFND	0	361,657	0	2,190
MOBILE TELESYSTEMS OJSC	CS	607409109	23,535	2,441,344	SH		SOLE	0	733,044	0	1,708,300
MORGAN STANLEY COM NEW	CS	617446448	53,253	547,253	SH		SOLE	0	51,888	0	495,365
NASPERS LIMITED ADR	CS	631512209	2,541	76,413	SH		DFND	0	75,846	0	567
NASPERS LIMITED ADR	CS	631512209	18,028	542,022	SH		SOLE	0	197,512	0	344,510
NATIONAL GRID TRANSCO PLC ADR	CS	636274409	851	14,277	SH		SOLE	0	14,277	0	0
NETAPP	CS	64110D104	22,673	252,598	SH		SOLE	0	698	0	251,900
NETEASE INC. ADR	CS	64110W102	1,937	22,687	SH		DFND	0	22,526	0	161
NETEASE INC. ADR	CS	64110W102	10,692	125,195	SH		SOLE	0	45,605	0	79,590
NINTENDO LTD	CS	654445303	2,577	43,500	SH		SOLE	0	0	0	43,500
NIPPON TELEG & TEL CORP	CS	654624105	2,718	97,911	SH		DFND	0	97,316	0	595
NIPPON TELEG & TEL CORP	CS	654624105	15,962	574,992	SH		SOLE	0	208,102	0	366,890
NUVEEN KENTUCKY MUNICIPAL BOND	BF	67065R804	2,336	210,090	SH		SOLE	0	40,360	0	169,730
NVIDIA CORP	CS	67066g104	1,243	5,158	SH		SOLE	0	38	0	5,120
NVR INC	CS	62944T105	38,851	8,104	SH		SOLE	0	712	0	7,392
NXP SEMICONDUCTORS NV	CS	N6596X109	5,688	29,038	SH		DFND	0	28,830	0	208
NXP SEMICONDUCTORS NV	CS	N6596X109	32,283	164,821	SH		SOLE	0	59,881	0	104,940
OMEGA HEALTHCARE INVS	CS	681936100	802	26,771	SH		SOLE	0	26,771	0	0
ON SEMICONDUCTOR CORP	CS	682189105	50,178	1,096,306	SH		SOLE	0	105,593	0	990,713
OPEN TEXT CORPORATION	CS	683715106	3,680	75,499	SH		DFND	0	75,039	0	460
OPEN TEXT CORPORATION	CS	683715106	45,130	925,951	SH		SOLE	0	203,505	0	722,446
ORACLE CORP COM	CS	68389X105	22,859	262,355	SH		SOLE	0	1,155	0	261,200
ORANGE	CS	684060106	780	71,990	SH		SOLE	0	71,990	0	0
ORIX CORP ADR	CS	686330101	2,805	29,674	SH		DFND	0	29,487	0	187
ORIX CORP ADR	CS	686330101	16,170	171,077	SH		SOLE	0	62,087	0	108,990
OSHKOSH CORPORATION	CS	688239201	33,361	325,890	SH		SOLE	0	31,689	0	294,201
PANASONIC CORPORATION	CS	69832A205	287	23,074	SH		SOLE	0	23,074	0	0
PARKER HANNIFIN CORP	CS	701094104	36,233	129,580	SH		SOLE	0	12,540	0	117,040
PFIZER INC	CS	717081103	1,174	27,303	SH		SOLE	0	27,303	0	0
PHILIP MORRIS INTL INC COM	CS	718172109	1,878	19,807	SH		SOLE	0	15,848	0	3,959
PHILLIPS 66	CS	718546104	19,086	272,539	SH		SOLE	0	26,321	0	246,218
PING AN INSURANCE GROUP	CS	72341E304	1,386	100,961	SH		DFND	0	100,199	0	762
PING AN INSURANCE GROUP	CS	72341E304	9,954	725,055	SH		SOLE	0	263,405	0	461,650
PJSC LUKOIL CO ADR	CS	69343P105	6,029	63,693	SH		DFND	0	63,301	0	392
PJSC LUKOIL CO ADR	CS	69343P105	35,522	375,254	SH		SOLE	0	141,154	0	234,100
PORSCHE AUTOMOBILE HOLDINGS	CS	73328P106	3,240	327,560	SH		SOLE	0	0	0	327,560
PPL CORP	CS	69351T106	982	35,224	SH		SOLE	0	35,224	0	0
PROCTER & GAMBLE	CS	742718109	477	3,415	SH		SOLE	0	661	0	2,754
PROGRESSIVE CORP OHIO	CS	743315103	30,459	336,972	SH		SOLE	0	29,914	0	307,058
PULTEGROUP INC.	CS	745867101	33,257	724,234	SH		SOLE	0	69,240	0	654,994
PVH CORP	CS	693656100	19,761	192,245	SH		SOLE	0	845	0	191,400
QORVO, INC	CS	74736K101	38,819	232,188	SH		SOLE	0	21,881	0	210,307
QUALCOMM INC	CS	747525103	57,356	444,690	SH		SOLE	0	29,458	0	415,232
QUANTA SERVICES INC	CS	74762E102	261	2,289	SH		SOLE	0	0	0	2,289
RAYTHEON TECHNOLOGIES CORP	CS	75513E101	379	4,405	SH		SOLE	0	898	0	3,507
REPSOL S.A.	CS	76026T205	4,088	312,555	SH		DFND	0	310,496	0	2,059
REPSOL S.A.	CS	76026T205	26,212	2,003,979	SH		SOLE	0	724,219	0	1,279,760
RIO TINTO PLC ADR	CS	767204100	4,753	71,136	SH		DFND	0	70,651	0	485
RIO TINTO PLC ADR	CS	767204100	64,451	964,548	SH		SOLE	0	196,950	0	767,598
ROCHE HLDG LTD	CS	771195104	1,884	41,427	SH		DFND	0	41,165	0	262
ROCHE HLDG LTD	CS	771195104	10,170	223,656	SH		SOLE	0	78,276	0	145,380
ROSS STORES INC COM	CS	778296103	386	3,544	SH		SOLE	0	0	0	3,544
ROYAL DUTCH SHELL PLC	CS	780259206	4,873	109,333	SH		DFND	0	108,648	0	685
ROYAL DUTCH SHELL PLC	CS	780259206	62,228	1,396,198	SH		SOLE	0	307,021	0	1,089,177
SASOL LTD ADR	CS	803866300	4,462	236,820	SH		SOLE	0	0	0	236,820
SBERBANK OF RUSSIA	CS	80585Y308	4,430	236,272	SH		DFND	0	234,745	0	1,527
SBERBANK OF RUSSIA	CS	80585Y308	26,635	1,420,542	SH		SOLE	0	556,632	0	863,910
SEAGATE TECHNOLOGY HOLDINGS PL	CS	G7997R103	3,325	40,290	SH		SOLE	0	0	0	40,290
SEMPRA ENERGY	CS	816851109	10,287	81,324	SH		SOLE	0	7,823	0	73,501
SENSATA TECHNOLOGIES HOLDING P	CS	G8060N102	3,154	57,636	SH		DFND	0	57,247	0	389
SENSATA TECHNOLOGIES HOLDING P	CS	G8060N102	18,187	332,370	SH		SOLE	0	118,710	0	213,660
SHIONOGI & CO LTD UNSP	CS	824667109	3,045	177,836	SH		DFND	0	176,750	0	1,086
SHIONOGI & CO LTD UNSP	CS	824667109	17,385	1,015,516	SH		SOLE	0	355,666	0	659,850
SK TELECOM CO	CS	78440p108	3,275	108,800	SH		SOLE	0	0	0	108,800
SONY GROUP CORPORATION	CS	835699307	5,435	49,146	SH		DFND	0	48,828	0	318
SONY GROUP CORPORATION	CS	835699307	31,015	280,475	SH		SOLE	0	100,375	0	180,100
SOUTHWEST AIRLINES	CS	844741108	21,552	419,063	SH		SOLE	0	40,505	0	378,558
STELLANTIS NV	CS	NL0015000	3,640	190,560	SH		SOLE	0	0	0	190,560
STOCK YARDS BANCORP, INC	CS	861025104	631	10,752	SH		SOLE	0	10,752	0	0
SUN LIFE FINANCIAL	CS	866796105	3,844	74,706	SH		DFND	0	74,239	0	467
SUN LIFE FINANCIAL	CS	866796105	21,946	426,545	SH		SOLE	0	167,375	0	259,170
TAIWAN SEMICONDUCTOR MFG CO AD	CS	874039100	3,223	28,868	SH		DFND	0	28,692	0	176
TAIWAN SEMICONDUCTOR MFG CO AD	CS	874039100	21,241	190,247	SH		SOLE	0	58,607	0	131,640
TARGET CORP COM	CS	87612E106	58,128	254,090	SH		SOLE	0	16,485	0	237,605
TE CONNECTIVITY LTD.	CS	H84989104	30,464	222,006	SH		SOLE	0	22,373	0	199,633
TECHTRONIC INDUSTRIES CO	CS	87873R101	2,445	24,536	SH		DFND	0	24,365	0	171
TECHTRONIC INDUSTRIES CO	CS	87873R101	13,302	133,496	SH		SOLE	0	48,606	0	84,890
TERADYNE INC	CS	880770102	17,029	155,982	SH		SOLE	0	432	0	155,550
TERNIUM SA ADR	CS	880890108	3,425	80,960	SH		SOLE	0	0	0	80,960
TEXAS ROADHOUSE	CS	882681109	3,770	41,282	SH		SOLE	0	41,282	0	0
TOKYO ELECTRON LTD	CS	889110102	5,679	51,349	SH		DFND	0	50,986	0	363
TOKYO ELECTRON LTD	CS	889110102	29,730	268,802	SH		SOLE	0	97,042	0	171,760
TOTALENERGIES, SE	CS	89151E109	4,529	94,486	SH		DFND	0	93,908	0	578
TOTALENERGIES, SE	CS	89151E109	64,163	1,338,691	SH		SOLE	0	292,166	0	1,046,525
TRACTOR SUPPLY	CS	892356106	22,202	109,582	SH		SOLE	0	302	0	109,280
UBS GROUP AG	CS	H42097107	5,026	315,328	SH		DFND	0	313,405	0	1,923
UBS GROUP AG	CS	H42097107	29,596	1,856,754	SH		SOLE	0	670,134	0	1,186,620
UNILEVER	CS	904767704	2,829	52,173	SH		SOLE	0	52,173	0	0
UNION PAC CORP COM	CS	907818108	26,015	132,724	SH		SOLE	0	12,982	0	119,742
UNITED HEALTHCARE CORP	CS	91324p102	36,946	94,553	SH		SOLE	0	8,901	0	85,652
UNITED MICROELECTRONICS CORP A	CS	910873405	4,199	367,360	SH		SOLE	0	0	0	367,360
UNITED RENTALS INC	CS	911363109	82,504	235,100	SH		SOLE	0	16,851	0	218,249
VALE SA	CS	91912E105	2,832	203,019	SH		DFND	0	201,547	0	1,472
VALE SA	CS	91912E105	40,153	2,878,368	SH		SOLE	0	623,564	0	2,254,804
VANGUARD BD INDEX FD INC	BF	921937827	609	7,430	SH		SOLE	0	7,430	0	0
VANGUARD S&P 500 ETF	ETF	922908363	2,230	5,653	SH		SOLE	0	5,653	0	0
VEDANTA LTD ADR	CS	92242Y100	2,338	153,000	SH		SOLE	0	0	0	153,000
VEOLIA ENVIRONMENT	CS	92334N103	2,726	85,696	SH		DFND	0	85,170	0	526
VEOLIA ENVIRONMENT	CS	92334N103	14,279	448,912	SH		SOLE	0	160,792	0	288,120
VERIZON COMMUNICATIONS	CS	92343V104	18,976	351,344	SH		SOLE	0	49,991	0	301,353
VIPSHOP HOLDINGS LTD ADS	CS	92763W103	1,371	123,051	SH		DFND	0	122,226	0	825
VIPSHOP HOLDINGS LTD ADS	CS	92763W103	9,529	855,398	SH		SOLE	0	308,768	0	546,630
W.W. GRAINGER INC.	CS	384802104	18,417	46,856	SH		SOLE	0	206	0	46,650
YANDEX N.V.	CS	N97284108	1,502	18,844	SH		DFND	0	18,729	0	115
YANDEX N.V.	CS	N97284108	8,488	106,513	SH		SOLE	0	38,443	0	68,070
YARA INTL ASA ADR	CS	984851204	3,212	129,300	SH		SOLE	0	0	0	129,300
ZIONS BANCORPORATION	CS	989701107	25,299	408,771	SH		SOLE	0	38,832	0	369,939
ZTO EXPRESS INC	CS	98980A105	4,411	143,866	SH		DFND	0	143,070	0	796
ZTO EXPRESS INC	CS	98980A105	27,756	905,268	SH		SOLE	0	326,898	0	578,370