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
3M	CS	88579y101	971	7,503	SH		SOLE	0	6,703	0	800
ABBVIE	CS	00287y109	47,960	313,140	SH		SOLE	0	39,947	0	273,193
ADIDAS AG SPON ADR	CS	00687a107	2,685	30,300	SH		SOLE	0	0	0	30,300
ADVANCED MICRO DEVICES INC	CS	007903107	15,045	196,742	SH		SOLE	0	942	0	195,800
AEGON NV-ORD AMERICAN REGD	CS	007924103	2,531	577,900	SH		SOLE	0	0	0	577,900
AERCAP HOLDINGS NV	CS	n00985106	15,916	388,787	SH		SOLE	0	144,257	0	244,530
AERCAP HOLDINGS NV	CS	n00985106	4,337	105,947	SH		DFND	0	105,717	0	230
AKAMAI TECHNOLGIES	CS	00971t101	23,148	253,453	SH		SOLE	0	24,693	0	228,760
AKAMAI TECHNOLGIES	CS	00971t101	2,893	25,450	SH		DFND	0	25,395	0	55
ALIBABA GROUP HOLDING	CS	01609w102	10,220	89,899	SH		SOLE	0	32,279	0	57,620
ALLIANZ SE	CS	018820100	858	45,087	SH		SOLE	0	45,087	0	0
ALPHABET INC	CS	02079k305	53,303	26,017	SH		SOLE	0	3,193	0	22,824
ALTRIA GROUP INC COM	CS	02209s103	29,551	707,480	SH		SOLE	0	78,296	0	629,184
AMDOCS LTD	CS	g02602103	27,511	330,219	SH		SOLE	0	122,019	0	208,200
AMDOCS LTD	CS	g02602103	7,052	84,646	SH		DFND	0	84,462	0	184
AMERICAN EXPRESS CO	CS	025816109	24,477	176,581	SH		SOLE	0	17,416	0	159,165
AMERIPRISE FINANCIAL INC	CS	03076c106	51,834	218,079	SH		SOLE	0	14,631	0	203,448
AMGEN INC	CS	031162100	33,863	139,184	SH		SOLE	0	13,792	0	125,392
ANGLO AMERICAN PLC ADR	CS	03485p300	16,609	923,235	SH		SOLE	0	343,235	0	580,000
ANGLO AMERICAN PLC ADR	CS	03485p300	4,337	241,093	SH		DFND	0	240,562	0	531
AON CORP.	CS	g0403h108	12,544	46,515	SH		SOLE	0	16,938	0	29,577
AON CORP.	CS	g0403h108	3,272	12,133	SH		DFND	0	12,103	0	30
AP MOLLER MAERSK	CS	00202f102	2,712	232,650	SH		SOLE	0	0	0	232,650
APPLE COMPUTER INC	CS	037833100	32,932	240,876	SH		SOLE	0	26,812	0	214,064
ASHLAND GLOBAL HOLDINGS INC	CS	044186104	224	2,174	SH		SOLE	0	2,174	0	0
ASHTEAD GROUP PLC UNSP	CS	045055100	17,041	101,614	SH		SOLE	0	37,424	0	64,190
ASHTEAD GROUP PLC UNSP	CS	045055100	4,266	25,438	SH		DFND	0	25,381	0	57
ASTRAZENECA PLC-SPONS ADR	CS	046353108	10,182	154,105	SH		SOLE	0	56,105	0	98,000
ASTRAZENECA PLC-SPONS ADR	CS	046353108	2,593	39,247	SH		DFND	0	39,162	0	85
AUTOZONE INC	CS	053332102	69,083	32,145	SH		SOLE	0	2,146	0	29,999
AVERY DENNINSON	CS	053611109	16,406	101,353	SH		SOLE	0	9,681	0	91,672
AXA- SPONS ADR	CS	054536107	18,354	805,372	SH		SOLE	0	299,712	0	505,660
AXA- SPONS ADR	CS	054536107	4,651	204,092	SH		DFND	0	203,647	0	445
B A S F A G	CS	055262505	10,872	997,455	SH		SOLE	0	409,855	0	587,600
B A S F A G	CS	055262505	2,679	245,741	SH		DFND	0	245,231	0	510
BAE SYSTEMS PLC ADR	CS	05523r107	1,363	33,575	SH		SOLE	0	33,575	0	0
BAIDU INC	CS	056752108	16,910	113,692	SH		SOLE	0	40,472	0	73,220
BAIDU INC	CS	056752108	4,259	28,637	SH		DFND	0	28,575	0	62
BANCO DO BRASIL SA SPNS	CS	059578104	2,686	422,400	SH		SOLE	0	0	0	422,400
BANCO SANTANDER SA ADS	CS	05964h105	17,340	6,192,928	SH		SOLE	0	2,270,928	0	3,922,000
BANCO SANTANDER SA ADS	CS	05964h105	4,441	1,586,248	SH		DFND	0	1,582,890	0	3,358
BANK NOVA SCOTIA HALIFAX	CS	064149107	1,087	18,363	SH		SOLE	0	18,363	0	0
BANK OF AMERICA CORPORATION	CS	060505104	32,318	1,038,168	SH		SOLE	0	100,940	0	937,228
BANK OF MONTREAL	CS	063671101	27,699	288,022	SH		SOLE	0	108,002	0	180,020
BANK OF MONTREAL	CS	063671101	7,011	72,898	SH		DFND	0	72,735	0	163
BARCLAYS ADR	CS	06738e204	16,701	2,197,400	SH		SOLE	0	803,400	0	1,394,000
BARCLAYS ADR	CS	06738e204	4,052	533,164	SH		DFND	0	531,986	0	1,178
BEST BUY INC COM	CS	086516101	32,895	504,603	SH		SOLE	0	27,680	0	476,923
BLACKROCK INC	CS	09247x101	322	528	SH		SOLE	0	318	0	210
BNP PARIBAS PA ADR	CS	05565a202	19,859	827,451	SH		SOLE	0	301,361	0	526,090
BNP PARIBAS PA ADR	CS	05565a202	5,132	213,834	SH		DFND	0	213,386	0	448
BP PLC	CS	055622104	17,732	625,466	SH		SOLE	0	232,466	0	393,000
BP PLC	CS	055622104	4,507	158,978	SH		DFND	0	158,640	0	338
BRASKEM SA	CS	105532105	2,495	174,700	SH		SOLE	0	0	0	174,700
BRISTOL MYERS SQUIBB CO	CS	110122108	40,613	527,446	SH		SOLE	0	51,550	0	475,896
BRITISH AMERN TOB PLC ADR	CS	110448107	17,520	408,299	SH		SOLE	0	73,019	0	335,280
BROADCOM LTD	CS	11135f101	40,064	82,470	SH		SOLE	0	10,213	0	72,257
BROWN FORMAN CL B	CS	115637209	230	3,279	SH		SOLE	0	937	0	2,342
CANADIAN IMPERIAL BANK	CS	136069101	2,776	57,200	SH		SOLE	0	0	0	57,200
CANADIAN NATL RY CO	CS	136375102	11,713	104,143	SH		SOLE	0	37,833	0	66,310
CAPGEMINI SE	CS	13961r100	25,114	733,902	SH		SOLE	0	267,682	0	466,220
CAPRI HOLDINGS LTD	CS	g1890l107	2,657	64,780	SH		SOLE	0	0	0	64,780
CAREFOUR SA SPON ADR	CS	144430204	2,598	735,900	SH		SOLE	0	0	0	735,900
CENTRAIS ELECTRICAS BRASILEIRA	CS	15234q207	3,210	361,900	SH		SOLE	0	0	0	361,900
CHARTER COMMUNICATIONS INC DEL	CS	16119p108	18,329	39,120	SH		SOLE	0	120	0	39,000
CHEVRON CORP NEW COM	CS	166764100	36,165	249,791	SH		SOLE	0	31,515	0	218,276
CHUGAI PHARMA UNSUP ADR	CS	171269103	2,909	227,800	SH		SOLE	0	22,900	0	204,900
CIGNA CORP	CS	125523100	23,383	88,734	SH		SOLE	0	271	0	88,463
CISCO SYS INC COM	CS	17275r102	283	6,626	SH		SOLE	0	336	0	6,290
CITIZENS FINANCIAL GROUP INC	CS	174610105	36,112	1,011,818	SH		SOLE	0	118,846	0	892,972
COMPAGNIE DE SAINT GOB	CS	204280309	12,376	1,447,517	SH		SOLE	0	539,517	0	908,000
CONOCOPHILLIPS	CS	20825c104	49,856	555,119	SH		SOLE	0	41,377	0	513,742
COTERRA ENERGY	CS	127097103	20,643	800,420	SH		SOLE	0	3,820	0	796,600
CRH PLC ADR	CS	12626k203	19,944	572,783	SH		SOLE	0	210,653	0	362,130
DAIWA HOUSE INDUSTRY	CS	234062206	6,022	259,589	SH		SOLE	0	94,589	0	165,000
DAVITA INC	CS	23918k108	38,386	480,070	SH		SOLE	0	28,855	0	451,215
DBS GROUP HOLDINGS LTD	CS	23304y100	24,323	284,580	SH		SOLE	0	105,500	0	179,080
DELL TECHNOLOGIES, INC	CS	24703l202	30,582	661,809	SH		SOLE	0	54,746	0	607,063
DEUTSCHE POST AG SPON	CS	25157y202	4,516	120,244	SH		SOLE	0	44,244	0	76,000
DEVON ENERGY CORP	CS	25179m103	19,752	358,412	SH		SOLE	0	1,712	0	356,700
DIGITAL REALTY TRUST INC	CS	253868103	7,842	60,400	SH		SOLE	0	5,733	0	54,667
EAST WEST BANCORP	CS	27579r104	25,004	385,860	SH		SOLE	0	26,015	0	359,845
EASTMAN CHEMICAL CO	CS	277432100	25,483	283,866	SH		SOLE	0	26,197	0	257,669
EATON VANCE MUNICIPAL BD	CS	27827x101	244	22,829	SH		SOLE	0	22,829	0	0
EBAY INC	CS	278642103	15,570	373,655	SH		SOLE	0	1,795	0	371,860
ELECTROLUX	CS	010198208	559	20,766	SH		SOLE	0	20,766	0	0
ELEVANCE HEALTH INC	CS	036752103	36,385	75,396	SH		SOLE	0	6,996	0	68,400
EMERSON ELEC CO COM	CS	291011104	232	2,918	SH		SOLE	0	0	0	2,918
EQUINOR ASA	CS	29446m102	69,698	2,005,141	SH		SOLE	0	438,544	0	1,566,597
EQUINOR ASA	CS	29446m102	8,131	233,921	SH		DFND	0	233,415	0	506
EXXON MOBIL	CS	30231g102	1,903	22,222	SH		SOLE	0	17,854	0	4,368
F5 NETWORKS	CS	315616102	27,162	177,478	SH		SOLE	0	16,367	0	161,111
FIFTH THIRD BANCORP	CS	316773100	27,534	819,456	SH		SOLE	0	78,793	0	740,663
FORD MOTOR CO	CS	345370860	14,185	1,274,471	SH		SOLE	0	3,871	0	1,270,600
FORTESCUE METAL GROUP	CS	34959a206	2,478	103,200	SH		SOLE	0	0	0	103,200
FUJIFILM HOLDINGS CORP	CS	35958n107	19,649	366,787	SH		SOLE	0	134,617	0	232,170
FUJIFILM HOLDINGS CORP	CS	35958n107	4,739	88,467	SH		DFND	0	88,272	0	195
FUJITSU LIMITED ADR	CS	359590304	16,278	652,405	SH		SOLE	0	200,995	0	451,410
FUJITSU LIMITED ADR	CS	359590304	3,501	140,306	SH		DFND	0	140,007	0	299
GENERAL MILLS	CS	370334104	2,244	29,748	SH		SOLE	0	24,273	0	5,475
GILEAD SCIENCES INC	CS	375558103	988	15,982	SH		SOLE	0	15,982	0	0
HCA HEALTHCARE INC	CS	40412c101	14,362	85,460	SH		SOLE	0	260	0	85,200
HDFC BANK LTD	CS	40415f101	20,160	366,807	SH		SOLE	0	134,547	0	232,260
HDFC BANK LTD	CS	40415f101	4,988	90,751	SH		DFND	0	90,551	0	200
HESS CORP	CS	42809h107	21,327	201,310	SH		SOLE	0	610	0	200,700
HOME DEPOT	CS	437076102	24,188	88,189	SH		SOLE	0	8,721	0	79,468
HONDA MOTOR LTD AMERN SHS	CS	438128308	22,856	946,438	SH		SOLE	0	202,553	0	743,885
HONDA MOTOR LTD AMERN SHS	CS	438128308	2,461	101,890	SH		DFND	0	101,662	0	228
HORIZON THERAPEUTICS INC.	CS	g46188101	51,482	645,456	SH		SOLE	0	139,541	0	505,915
HORIZON THERAPEUTICS INC.	CS	g46188101	5,653	70,875	SH		DFND	0	70,724	0	151
HP INC	CS	40434l105	19,761	602,825	SH		SOLE	0	2,845	0	599,980
HUMANA INC	CS	444859102	263	562	SH		SOLE	0	0	0	562
HUNTINGTON BANCSHARES INC	CS	446150104	726	60,330	SH		SOLE	0	60,330	0	0
ICON PLC - AMERICAN DEPOSITARY	CS	g4705a100	20,083	92,678	SH		SOLE	0	34,188	0	58,490
ICON PLC - AMERICAN DEPOSITARY	CS	g4705a100	4,906	22,641	SH		DFND	0	22,594	0	47
ILLINOIS TOOL WKS INC COM	CS	452308109	14,581	80,007	SH		SOLE	0	7,905	0	72,102
INFOSYS TECHNOLOGIES LTD	CS	456788108	15,106	816,060	SH		SOLE	0	302,950	0	513,110
INFOSYS TECHNOLOGIES LTD	CS	456788108	3,867	208,903	SH		DFND	0	208,439	0	464
ING GROUP N V	CS	456837103	16,354	1,648,554	SH		SOLE	0	610,574	0	1,037,980
ING GROUP N V	CS	456837103	4,144	417,705	SH		DFND	0	416,791	0	914
INTEL CORP	CS	458140100	293	7,821	SH		SOLE	0	346	0	7,475
INTL. BUSINESS MACHS CO	CS	459200101	911	6,450	SH		SOLE	0	6,450	0	0
IQVIA HOLDINGS INC	CS	46266c105	32,148	148,154	SH		SOLE	0	14,438	0	133,716
ISHARES BARCLAYS TIPS BOND FUN	BF	464287176	235	2,060	SH		SOLE	0	2,060	0	0
ISHARES MSCI ACWI EX US ETF	ETF	464288240	2,279	50,634	SH		DFND	0	50,634	0	0
ISHARES NATIONAL MUNI BOND ETF	BF	464288414	705	6,625	SH		SOLE	0	0	0	6,625
ITAU UNIBANCO HOLDINGS SA	CS	465562106	15,672	3,661,540	SH		SOLE	0	1,351,840	0	2,309,700
ITAU UNIBANCO HOLDINGS SA	CS	465562106	3,794	886,434	SH		DFND	0	884,511	0	1,923
ITOCHU CORPORATION	CS	465717106	22,416	416,118	SH		SOLE	0	152,848	0	263,270
ITOCHU CORPORATION	CS	465717106	5,529	102,637	SH		DFND	0	102,411	0	226
J P MORGAN CHASE & CO	CS	46625h100	1,494	13,271	SH		SOLE	0	8,924	0	4,347
JACOBS ENGINEERING GROUP	CS	469814107	43,750	344,132	SH		SOLE	0	33,858	0	310,274
JANUS HENDERSON	CS	g4474y214	2,337	99,400	SH		SOLE	0	0	0	99,400
JAZZ PHARMACEUTICALS INC	CS	g50871105	524	3,359	SH		SOLE	0	1,569	0	1,790
JOHNSON & JOHNSON COM	CS	478160104	584	3,288	SH		SOLE	0	800	0	2,488
JULIUS BAER GROUP	CS	48137C108	21	2,331	SH		SOLE	0	2,331	0	0
JULIUS BAER GROUP	CS	48137C108	3,207	347,872	SH		DFND	0	347,111	0	761
JUNIPER NETWORKS	CS	48203r104	16,529	579,965	SH		SOLE	0	1,765	0	578,200
KB FINANCIAL GROUP INC	CS	48241a105	16,895	454,170	SH		SOLE	0	167,170	0	287,000
KB FINANCIAL GROUP INC	CS	48241a105	4,192	112,683	SH		DFND	0	112,440	0	243
KERING UNSPONSORED ADR	CS	492089107	393	7,622	SH		SOLE	0	7,622	0	0
KIRIN HOLDINGS	CS	497350306	3,740	236,270	SH		SOLE	0	0	0	236,270
KLA -Tencor	CS	482480100	18,819	58,978	SH		SOLE	0	178	0	58,800
KOMATSU LTD	CS	500458401	17,324	784,059	SH		SOLE	0	291,979	0	492,080
KOMATSU LTD	CS	500458401	4,379	198,197	SH		DFND	0	197,772	0	425
KONINKLIJKE	CS	500467501	14,449	552,754	SH		SOLE	0	200,314	0	352,440
KONINKLIJKE	CS	500467501	3,767	144,095	SH		DFND	0	143,790	0	305
KT CORPORATION	CS	48268k101	3,096	221,800	SH		SOLE	0	0	0	221,800
LAZARD LTD	CS	g54050102	12,634	389,804	SH		SOLE	0	144,174	0	245,630
LINCOLN NATIONAL CORP	CS	534187109	15,990	341,885	SH		SOLE	0	33,382	0	308,503
LOGITECH INTERNATIONAL S.A.	CS	h50430232	2,438	46,830	SH		SOLE	0	0	0	46,830
LUMENTUM HOLDINGS INC	CS	55024u109	23,453	295,300	SH		SOLE	0	28,465	0	266,835
LVMH Moet Hennessy	CS	502441306	12,528	102,504	SH		SOLE	0	35,724	0	66,780
LVMH Moet Hennessy	CS	502441306	3,363	27,517	SH		DFND	0	27,454	0	63
LYONDELLBASELL INDUSTRIES	CS	n53745100	23,554	269,316	SH		SOLE	0	106,926	0	162,390
LYONDELLBASELL INDUSTRIES	CS	n53745100	5,749	65,734	SH		DFND	0	65,593	0	141
MANULIFE FINANACIAL CORP	CS	56501r106	820	47,313	SH		SOLE	0	47,313	0	0
MASCO CORP	CS	574599106	26,069	515,202	SH		SOLE	0	49,021	0	466,181
MCDONALDS CORP	CS	580135101	1,064	4,308	SH		SOLE	0	2,557	0	1,751
MCKESSON CORP COM	CS	58155q103	23,265	71,319	SH		SOLE	0	334	0	70,985
METLIFE INC.	CS	59156r108	1,184	18,864	SH		SOLE	0	18,864	0	0
MICROSOFT CORP	CS	594918104	3,029	11,795	SH		SOLE	0	8,156	0	3,639
MITSUBISHI UFJ FINL GROUP ADR	CS	606822104	16,090	3,013,051	SH		SOLE	0	1,109,141	0	1,903,910
MITSUBISHI UFJ FINL GROUP ADR	CS	606822104	3,948	739,358	SH		DFND	0	737,777	0	1,581
MORGAN STANLEY COM NEW	CS	617446448	39,185	515,176	SH		SOLE	0	48,522	0	466,654
NASPERS LIMITED ADR	CS	631512209	19,381	664,655	SH		SOLE	0	242,145	0	422,510
NASPERS LIMITED ADR	CS	631512209	4,890	167,700	SH		DFND	0	167,326	0	374
NATIONAL GRID TRANSCO PLC ADR	CS	636274409	958	14,806	SH		SOLE	0	14,806	0	0
NATWEST GR	CS	639057108	3,088	566,600	SH		SOLE	0	0	0	566,600
NETAPP	CS	64110d104	16,939	259,533	SH		SOLE	0	1,033	0	258,500
NETEASE INC. ADR	CS	64110w102	12,663	135,634	SH		SOLE	0	49,044	0	86,590
NETEASE INC. ADR	CS	64110w102	3,232	34,622	SH		DFND	0	34,550	0	72
NIPPON TELEG & TEL CORP	CS	654624105	22,667	787,859	SH		SOLE	0	289,969	0	497,890
NIPPON TELEG & TEL CORP	CS	654624105	5,577	193,843	SH		DFND	0	193,424	0	419
NUCOR CORP	CS	670346105	14,808	141,828	SH		SOLE	0	428	0	141,400
NVIDIA CORP	CS	67066g104	650	4,290	SH		SOLE	0	0	0	4,290
NVR INC	CS	62944t105	30,792	7,690	SH		SOLE	0	702	0	6,988
NXP SEMICONDUCTORS NV	CS	n6596x109	27,326	184,602	SH		SOLE	0	60,862	0	123,740
NXP SEMICONDUCTORS NV	CS	n6596x109	6,209	41,943	SH		DFND	0	41,853	0	90
O REILLY AUTOMOTIVE INC	CS	67103h107	19,869	31,451	SH		SOLE	0	151	0	31,300
OMEGA HEALTHCARE INVS	CS	681936100	977	34,669	SH		SOLE	0	34,669	0	0
ON SEMICONDUCTOR CORP	CS	682189105	39,462	784,377	SH		SOLE	0	74,761	0	709,616
ONEOK INC	CS	682680103	379	6,823	SH		SOLE	0	6,823	0	0
OPEN TEXT CORPORATION	CS	683715106	22,848	603,804	SH		SOLE	0	125,088	0	478,716
OPEN TEXT CORPORATION	CS	683715106	2,395	63,293	SH		DFND	0	63,150	0	143
ORANGE	CS	684060106	883	75,001	SH		SOLE	0	75,001	0	0
ORIX CORP ADR	CS	686330101	21,228	252,227	SH		SOLE	0	79,637	0	172,590
ORIX CORP ADR	CS	686330101	4,610	54,776	SH		DFND	0	54,662	0	114
PANASONIC CORPORATION	CS	69832a205	106	13,173	SH		SOLE	0	13,173	0	0
PARKER HANNIFIN CORP	CS	701094104	21,459	87,215	SH		SOLE	0	8,550	0	78,665
PETROLEO BRASILERO	CS	71654v408	18,065	1,546,708	SH		SOLE	0	494,208	0	1,052,500
PETROLEO BRASILERO	CS	71654v408	3,830	327,927	SH		DFND	0	327,218	0	709
PFIZER INC	CS	717081103	1,513	28,867	SH		SOLE	0	28,867	0	0
PHILIP MORRIS INTL INC COM	CS	718172109	1,931	19,561	SH		SOLE	0	15,602	0	3,959
PHILLIPS 66	CS	718546104	21,068	256,948	SH		SOLE	0	25,051	0	231,897
PING AN INSURANCE GROUP	CS	72341e304	14,246	1,036,118	SH		SOLE	0	376,468	0	659,650
PING AN INSURANCE GROUP	CS	72341e304	3,612	262,710	SH		DFND	0	262,121	0	589
PROCTER & GAMBLE	CS	742718109	703	4,890	SH		SOLE	0	2,136	0	2,754
PROGRESSIVE CORP OHIO	CS	743315103	36,874	317,142	SH		SOLE	0	28,071	0	289,071
PULTEGROUP INC.	CS	745867101	26,988	680,996	SH		SOLE	0	65,285	0	615,711
QORVO, INC	CS	74736k101	8,590	91,069	SH		SOLE	0	8,765	0	82,304
QUALCOMM INC	CS	747525103	57,524	450,320	SH		SOLE	0	29,130	0	421,190
QUANTA SERVICES INC	CS	74762e102	302	2,406	SH		SOLE	0	0	0	2,406
QUEST DIAGNOSTICS	CS	74834l100	20,978	157,752	SH		SOLE	0	752	0	157,000
RANDSTAD NV ADR UNSPON	CS	75279q108	2,897	120,200	SH		SOLE	0	0	0	120,200
RAYTHEON TECHNOLOGIES CORP	CS	75513e101	29,201	303,828	SH		SOLE	0	30,182	0	273,646
REPSOL S.A.	CS	76026t205	32,992	2,255,117	SH		SOLE	0	803,857	0	1,451,260
REPSOL S.A.	CS	76026t205	7,252	495,709	SH		DFND	0	494,636	0	1,073
RIO TINTO PLC ADR	CS	767204100	55,025	902,047	SH		SOLE	0	196,061	0	705,986
RIO TINTO PLC ADR	CS	767204100	6,144	100,714	SH		DFND	0	100,493	0	221
ROBERT HALF INTL	CS	770323103	12,793	170,822	SH		SOLE	0	822	0	170,000
ROCHE HLDG LTD	CS	771195104	19,683	471,903	SH		SOLE	0	170,523	0	301,380
ROCHE HLDG LTD	CS	771195104	5,039	120,803	SH		DFND	0	120,543	0	260
ROSS STORES INC COM	CS	778296103	249	3,544	SH		SOLE	0	0	0	3,544
SANOFI AVENTIS	CS	80105n105	20,837	416,544	SH		SOLE	0	150,544	0	266,000
SANOFI AVENTIS	CS	80105n105	5,422	108,369	SH		DFND	0	108,131	0	238
SEAGATE TECHNOLOGY HOLDINGS PL	CS	g7997r103	20,270	283,736	SH		SOLE	0	1,146	0	282,590
SEALED AIR CORP	CS	81211k100	18,579	321,878	SH		SOLE	0	978	0	320,900
SEMPRA ENERGY	CS	816851109	11,505	76,562	SH		SOLE	0	7,377	0	69,185
SENSATA TECHNOLOGIES HOLDING P	CS	g8060n102	8,710	210,847	SH		SOLE	0	78,187	0	132,660
SENSATA TECHNOLOGIES HOLDING P	CS	g8060n102	2,278	55,133	SH		DFND	0	55,009	0	124
SHELL PLC	CS	780259305	70,196	1,342,435	SH		SOLE	0	306,695	0	1,035,740
SHELL PLC	CS	780259305	8,659	165,598	SH		DFND	0	165,229	0	369
SHIONOGI & CO LTD UNSP	CS	824667109	14,552	1,151,221	SH		SOLE	0	417,371	0	733,850
BRITISH AMERN TOB PLC ADR	CS	110448107	5,736	133,686	SH		DFND	0	133,397	0	289
CANADIAN NATL RY CO	CS	136375102	2,637	23,445	SH		DFND	0	23,392	0	53
CAPGEMINI SE	CS	13961r100	6,467	188,977	SH		DFND	0	188,580	0	397
COMPAGNIE DE SAINT GOB	CS	204280309	3,165	370,148	SH		DFND	0	369,339	0	809
CRH PLC ADR	CS	12626k203	5,208	149,565	SH		DFND	0	149,246	0	319
DAIWA HOUSE INDUSTRY	CS	234062206	1,547	66,671	SH		DFND	0	66,531	0	140
DBS GROUP HOLDINGS LTD	CS	23304y100	6,234	72,939	SH		DFND	0	72,779	0	160
DEUTSCHE POST AG SPON	CS	25157y202	1,369	36,466	SH		DFND	0	36,388	0	78
SHIONOGI & CO LTD UNSP	CS	824667109	3,810	301,430	SH		DFND	0	300,765	0	665
SMITH & NEPHEW PLC ADR	CS	83175m205	251	8,997	SH		SOLE	0	8,997	0	0
SONY GROUP CORPORATION	CS	835699307	12,524	153,168	SH		SOLE	0	56,068	0	97,100
SONY GROUP CORPORATION	CS	835699307	3,129	38,261	SH		DFND	0	38,175	0	86
STANDARD BANK GROUP LTD	CS	853118206	20,629	2,139,973	SH		SOLE	0	684,173	0	1,455,800
STANDARD BANK GROUP LTD	CS	853118206	4,560	473,008	SH		DFND	0	471,957	0	1,051
STOCK YARDS BANCORP, INC	CS	861025104	210	3,518	SH		SOLE	0	3,518	0	0
SUN LIFE FINANCIAL	CS	866796105	19,676	429,505	SH		SOLE	0	170,335	0	259,170
SUN LIFE FINANCIAL	CS	866796105	4,744	103,559	SH		DFND	0	103,338	0	221
SWISS LIFE HOLDINGS UNSP	CS	87089e100	2,426	102,300	SH		SOLE	0	0	0	102,300
TAIWAN SEMICONDUCTOR MFG CO AD	CS	874039100	14,842	181,545	SH		SOLE	0	67,515	0	114,030
TAIWAN SEMICONDUCTOR MFG CO AD	CS	874039100	3,767	46,081	SH		DFND	0	45,979	0	102
TAPESTRY	CS	876030107	40,117	1,314,475	SH		SOLE	0	73,530	0	1,240,945
TARGET CORP COM	CS	87612e106	24,006	169,976	SH		SOLE	0	16,116	0	153,860
TE CONNECTIVITY LTD.	CS	h84989104	28,731	253,918	SH		SOLE	0	25,655	0	228,263
TECHTRONIC INDUSTRIES CO	CS	87873r101	6,936	132,508	SH		SOLE	0	47,618	0	84,890
TECHTRONIC INDUSTRIES CO	CS	87873r101	2,060	39,355	SH		DFND	0	39,273	0	82
TERNIUM SA ADR	CS	880890108	2,399	66,460	SH		SOLE	0	0	0	66,460
TEXAS ROADHOUSE	CS	882681109	2,905	39,682	SH		SOLE	0	39,682	0	0
TOKYO ELECTRON LTD	CS	889110102	19,134	234,745	SH		SOLE	0	86,985	0	147,760
TOKYO ELECTRON LTD	CS	889110102	5,062	62,099	SH		DFND	0	61,966	0	133
TOTALENERGIES, SE	CS	89151e109	75,101	1,426,691	SH		SOLE	0	314,565	0	1,112,126
TOTALENERGIES, SE	CS	89151e109	7,978	151,561	SH		DFND	0	151,237	0	324
UBS GROUP AG	CS	h42097107	29,429	1,814,355	SH		SOLE	0	678,735	0	1,135,620
UBS GROUP AG	CS	h42097107	7,768	478,896	SH		DFND	0	477,850	0	1,046
UNILEVER	CS	904767704	6,131	133,787	SH		SOLE	0	133,787	0	0
UNION PAC CORP COM	CS	907818108	16,861	79,057	SH		SOLE	0	9,133	0	69,924
UNITED HEALTHCARE CORP	CS	91324p102	45,691	88,957	SH		SOLE	0	8,365	0	80,592
UNITED RENTALS INC	CS	911363109	39,133	161,101	SH		SOLE	0	15,698	0	145,403
VALE SA	CS	91912e105	43,444	2,969,486	SH		SOLE	0	624,302	0	2,345,184
VALE SA	CS	91912e105	4,601	314,488	SH		DFND	0	313,791	0	697
VANGUARD BD INDEX FD INC	BF	921937827	536	6,985	SH		SOLE	0	6,985	0	0
VANGUARD S&P 500 ETF	ETF	922908363	1,913	5,516	SH		SOLE	0	5,516	0	0
VEOLIA ENVIRONMENT	CS	92334n103	11,065	451,816	SH		SOLE	0	163,696	0	288,120
VEOLIA ENVIRONMENT	CS	92334n103	2,952	120,539	SH		DFND	0	120,291	0	248
VERIZON COMMUNICATIONS	CS	92343v104	16,872	332,470	SH		SOLE	0	48,790	0	283,680
VERTEX PHARMACEUTICALS	CS	92532f100	22,952	81,452	SH		SOLE	0	252	0	81,200
VIPSHOP HOLDINGS LTD ADS	CS	92763w103	12,852	1,299,499	SH		SOLE	0	302,469	0	997,030
VIPSHOP HOLDINGS LTD ADS	CS	92763w103	2,332	235,767	SH		DFND	0	235,249	0	518
W.W. GRAINGER INC.	CS	384802104	19,213	42,280	SH		SOLE	0	200	0	42,080
WALGREENS BOOT ALLIANCE, INC	CS	931427108	364	9,614	SH		SOLE	0	9,614	0	0
WILLIS TOWERS WATSON	CS	g96629103	2,763	14,000	SH		SOLE	0	0	0	14,000
YARA INTL ASA ADR	CS	984851204	2,482	117,900	SH		SOLE	0	0	0	117,900
ZIONS BANCORPORATION	CS	989701107	30,130	591,951	SH		SOLE	0	51,118	0	540,833
ZTO EXPRESS INC	CS	98980a105	24,668	898,652	SH		SOLE	0	320,282	0	578,370
ZTO EXPRESS INC	CS	98980a105	6,285	228,969	SH		DFND	0	228,496	0	473