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 CO	CS	88579y101	462,052	3,853	SH		SOLE	0	3,053	0	800
ABBVIE	CS	00287y109	50,001,326	309,395	SH		SOLE	0	39,434	0	269,961
ADIDAS AG SPON ADR	CS	00687a107	2,980,560	44,000	SH		SOLE	0	0	0	44,000
AERCAP HOLDINGS NV	CS	n00985106	23,556,731	403,922	SH		SOLE	0	148,062	0	255,860
AERCAP HOLDINGS NV	CS	n00985106	4,826,854	82,765	SH		DFND	0	82,546	0	219
AKAMAI TECHNOLGIES	CS	00971t101	20,366,880	241,600	SH		SOLE	0	15,773	0	225,827
ALIBABA GROUP HOLDING	CS	01609w102	8,229,279	93,419	SH		SOLE	0	33,129	0	60,290
ALIBABA GROUP HOLDING	CS	01609w102	1,876,139	21,298	SH		DFND	0	21,243	0	55
ALKERMES INC	CS	g01767105	333,758	12,773	SH		SOLE	0	12,773	0	0
ALLIANZ SE	CS	018820100	986,936	46,011	SH		SOLE	0	46,011	0	0
ALPHABET INC	CS	02079k305	21,732,284	246,314	SH		SOLE	0	26,049	0	220,265
ALTRIA GROUP INC COM	CS	02209s103	31,844,831	696,671	SH		SOLE	0	74,740	0	621,931
AMDOCS LTD	CS	g02602103	31,189,608	343,120	SH		SOLE	0	125,270	0	217,850
AMDOCS LTD	CS	g02602103	6,208,105	68,296	SH		DFND	0	68,115	0	181
AMERICA MOVIL S A DE C V	CS	02364w105	12,639,737	694,491	SH		SOLE	0	249,491	0	445,000
AMERICA MOVIL S A DE C V	CS	02364w105	2,141,721	117,677	SH		DFND	0	117,310	0	367
AMERICAN EXPRESS CO	CS	025816109	30,111,598	203,801	SH		SOLE	0	18,936	0	184,865
AMERIPRISE FINANCIAL INC	CS	03076c106	45,279,425	145,420	SH		SOLE	0	14,037	0	131,383
AMGEN INC	CS	031162100	36,072,816	137,347	SH		SOLE	0	13,433	0	123,914
ANGLO AMERICAN PLC ADR	CS	03485p300	11,196,726	570,977	SH		SOLE	0	209,097	0	361,880
ANGLO AMERICAN PLC ADR	CS	03485p300	2,096,916	107,722	SH		DFND	0	107,415	0	307
AON CORP.	CS	g0403h108	14,494,961	48,294	SH		SOLE	0	17,387	0	30,907
AON CORP.	CS	g0403h108	2,881,343	9,600	SH		DFND	0	9,572	0	28
AP MOLLER MAERSK	CS	00202f102	2,828,001	252,050	SH		SOLE	0	0	0	252,050
APPLE COMPUTER INC	CS	037833100	21,653,894	166,658	SH		SOLE	0	21,620	0	145,038
APTIV PLC ORDINARY	CS	g6095l109	207,587	2,229	SH		SOLE	0	0	0	2,229
ASHLAND GLOBAL HOLDINGS INC	CS	044186104	233,770	2,174	SH		SOLE	0	2,174	0	0
ASHTEAD GROUP PLC UNSP	CS	045055100	19,320,152	85,415	SH		SOLE	0	31,855	0	53,560
ASHTEAD GROUP PLC UNSP	CS	045055100	3,799,761	16,731	SH		DFND	0	16,684	0	47
ASTRAZENECA PLC-SPONS ADR	CS	046353108	22,999,116	339,220	SH		SOLE	0	121,030	0	218,190
ASTRAZENECA PLC-SPONS ADR	CS	046353108	4,643,282	68,485	SH		DFND	0	68,304	0	181
AUTOZONE INC	CS	053332102	68,180,012	27,646	SH		SOLE	0	1,955	0	25,691
AVERY DENNINSON	CS	053611109	18,078,461	99,881	SH		SOLE	0	9,387	0	90,494
AXA- SPONS ADR	CS	054536107	24,503,827	879,222	SH		SOLE	0	322,132	0	557,090
AXA- SPONS ADR	CS	054536107	4,760,780	171,208	SH		DFND	0	170,741	0	467
B A S F A G	CS	055262505	8,019,293	651,335	SH		SOLE	0	256,725	0	394,610
B A S F A G	CS	055262505	1,402,153	113,287	SH		DFND	0	112,954	0	333
BAE SYSTEMS PLC ADR	CS	05523r107	8,309,567	197,172	SH		SOLE	0	93,172	0	104,000
BAE SYSTEMS PLC ADR	CS	05523r107	1,309,119	31,784	SH		DFND	0	31,701	0	83
BAIDU INC	CS	056752108	13,515,599	118,164	SH		SOLE	0	41,554	0	76,610
BAIDU INC	CS	056752108	2,693,076	23,545	SH		DFND	0	23,483	0	62
BANCO SANTANDER SA ADS	CS	05964h105	18,980,038	6,433,911	SH		SOLE	0	2,330,151	0	4,103,760
BANCO SANTANDER SA ADS	CS	05964h105	3,412,659	1,156,834	SH		DFND	0	1,153,573	0	3,261
BANK NOVA SCOTIA HALIFAX	CS	064149107	529,915	10,819	SH		SOLE	0	10,819	0	0
BANK OF AMERICA CORPORATION	CS	060505104	27,064,935	817,178	SH		SOLE	0	85,086	0	732,092
BANK OF MONTREAL	CS	063671101	27,111,326	299,242	SH		SOLE	0	110,882	0	188,360
BANK OF MONTREAL	CS	063671101	5,249,000	57,936	SH		DFND	0	57,763	0	173
BARCLAYS ADR	CS	06738e204	17,806,214	2,282,848	SH		SOLE	0	824,248	0	1,458,600
BARCLAYS ADR	CS	06738e204	3,040,041	389,749	SH		DFND	0	388,568	0	1,181
BEST BUY INC COM	CS	086516101	20,378,714	254,067	SH		SOLE	0	16,732	0	237,335
BHP BILLITON LTD SPONSORED ADR	CS	088606108	3,183,165	51,300	SH		SOLE	0	0	0	51,300
BLACKROCK INC	CS	09247x101	374,157	528	SH		SOLE	0	318	0	210
BNP PARIBAS PA ADR	CS	05565a202	24,479,453	859,836	SH		SOLE	0	309,366	0	550,470
BNP PARIBAS PA ADR	CS	05565a202	4,756,468	167,387	SH		DFND	0	166,936	0	451
BP PLC	CS	055622104	30,583,800	875,574	SH		SOLE	0	292,524	0	583,050
BP PLC	CS	055622104	5,531,549	158,361	SH		DFND	0	157,939	0	422
BRISTOL MYERS SQUIBB CO	CS	110122108	40,911,993	568,617	SH		SOLE	0	53,734	0	514,883
BRITISH AMERN TOB PLC ADR	CS	110448107	19,689,670	492,488	SH		SOLE	0	73,668	0	418,820
BRITISH AMERN TOB PLC ADR	CS	110448107	4,294,811	107,424	SH		DFND	0	107,133	0	291
BROADCOM LTD	CS	11135f101	45,494,731	81,367	SH		SOLE	0	10,046	0	71,321
BROWN FORMAN CL B	CS	115637209	215,365	3,279	SH		SOLE	0	937	0	2,342
CANADIAN NATL RY CO	CS	136375102	18,673,314	157,077	SH		SOLE	0	57,697	0	99,380
CANADIAN NATL RY CO	CS	136375102	3,719,279	31,286	SH		DFND	0	31,204	0	82
CAPGEMINI SE	CS	13961r100	25,426,952	762,658	SH		SOLE	0	274,828	0	487,830
CAPGEMINI SE	CS	13961r100	4,711,241	141,534	SH		DFND	0	141,144	0	390
CAPITAL ONE FINANCIAL CORP	CS	14040h105	17,823,686	191,735	SH		SOLE	0	935	0	190,800
CAPRI HOLDINGS LTD	CS	g1890l107	29,706,090	518,250	SH		SOLE	0	30,251	0	487,999
CAREFOUR SA SPON ADR	CS	144430204	2,903,863	877,300	SH		SOLE	0	0	0	877,300
CHEVRON CORP NEW COM	CS	166764100	65,697,109	366,021	SH		SOLE	0	30,468	0	335,553
CHUGAI PHARMA UNSUP ADR	CS	171269103	3,046,235	240,429	SH		SOLE	0	33,529	0	206,900
CISCO SYS INC COM	CS	17275r102	315,663	6,626	SH		SOLE	0	336	0	6,290
CITIZENS FINANCIAL GROUP INC	CS	174610105	39,301,575	998,262	SH		SOLE	0	116,798	0	881,464
COMPAGNIE DE SAINT GOB	CS	204280309	14,673,289	1,503,414	SH		SOLE	0	553,334	0	950,080
COMPAGNIE DE SAINT GOB	CS	204280309	2,627,157	269,618	SH		DFND	0	268,843	0	775
CONOCOPHILLIPS	CS	20825c104	65,509,234	555,163	SH		SOLE	0	38,774	0	516,389
CRH PLC ADR	CS	12626k203	23,679,586	595,114	SH		SOLE	0	216,204	0	378,910
CRH PLC ADR	CS	12626k203	4,582,931	115,178	SH		DFND	0	114,867	0	311
CUMMINS INC.	CS	231021106	26,923,749	111,122	SH		SOLE	0	7,380	0	103,742
CVS CAREMARK CORPORATION COM	CS	126650100	30,240,155	324,500	SH		SOLE	0	21,455	0	303,045
DAIWA HOUSE INDUSTRY	CS	234062206	6,211,537	269,715	SH		SOLE	0	97,065	0	172,650
DAIWA HOUSE INDUSTRY	CS	234062206	1,232,234	53,501	SH		DFND	0	53,359	0	142
DBS GROUP HOLDINGS LTD	CS	23304y100	29,972,985	295,680	SH		SOLE	0	108,300	0	187,380
DBS GROUP HOLDINGS LTD	CS	23304y100	5,873,018	58,055	SH		DFND	0	57,895	0	160
DELL TECHNOLOGIES, INC	CS	24703l202	34,414,686	855,661	SH		SOLE	0	56,410	0	799,251
DEVON ENERGY CORP	CS	25179m103	17,438,185	280,655	SH		SOLE	0	1,365	0	279,290
DIAMONDBACK ENERGY INC	CS	25278x109	19,316,060	140,353	SH		SOLE	0	433	0	139,920
DIGITAL REALTY TRUST INC	CS	253868103	5,971,680	59,556	SH		SOLE	0	5,593	0	53,963
EAST WEST BANCORP	CS	27579r104	32,453,048	492,459	SH		SOLE	0	32,541	0	459,918
EASTMAN CHEMICAL CO	CS	277432100	22,786,912	279,800	SH		SOLE	0	25,449	0	254,351
EATON VANCE MUNICIPAL BD	CS	27827x101	237,193	22,829	SH		SOLE	0	22,829	0	0
EBAY INC	CS	278642103	20,491,032	494,117	SH		SOLE	0	2,397	0	491,720
ELECTROLUX	CS	010198208	331,528	12,135	SH		SOLE	0	12,135	0	0
ELEVANCE HEALTH INC	CS	036752103	57,971,253	113,011	SH		SOLE	0	6,927	0	106,084
ELI LILLY & CO	CS	532457108	214,016	585	SH		SOLE	0	0	0	585
EMERSON ELEC CO COM	CS	291011104	280,303	2,918	SH		SOLE	0	0	0	2,918
EQUINOR ASA	CS	29446m102	77,887,072	2,175,009	SH		SOLE	0	450,143	0	1,724,866
EQUINOR ASA	CS	29446m102	6,331,959	176,821	SH		DFND	0	176,348	0	473
EXPEDITORS INTL	CS	302130109	20,916,706	201,277	SH		SOLE	0	977	0	200,300
EXXON MOBIL	CS	30231g102	2,401,010	21,768	SH		SOLE	0	17,400	0	4,368
F5 NETWORKS	CS	315616102	13,553,658	94,444	SH		SOLE	0	9,796	0	84,648
FIFTH THIRD BANCORP	CS	316773100	33,204,048	1,012,010	SH		SOLE	0	90,685	0	921,325
FORTESCUE METAL GROUP	CS	34959a206	3,429,240	123,000	SH		SOLE	0	0	0	123,000
FUJIFILM HOLDINGS CORP	CS	35958n107	9,106,626	181,877	SH		SOLE	0	66,947	0	114,930
FUJIFILM HOLDINGS CORP	CS	35958n107	1,805,249	35,954	SH		DFND	0	35,852	0	102
FUJITSU LIMITED ADR	CS	359590304	18,047,310	677,704	SH		SOLE	0	206,134	0	471,570
FUJITSU LIMITED ADR	CS	359590304	3,175,470	118,927	SH		DFND	0	118,616	0	311
GENERAL MILLS	CS	370334104	2,466,699	29,418	SH		SOLE	0	24,610	0	4,808
GERDAU SA SP ADR REP PFD	CS	373737105	2,907,392	524,800	SH		SOLE	0	0	0	524,800
GILDAN ACTIVEWEAR INC	CS	375916103	2,268,720	82,800	SH		SOLE	0	0	0	82,800
GILEAD SCIENCES INC	CS	375558103	1,249,375	14,553	SH		SOLE	0	14,553	0	0
HCA HEALTHCARE INC	CS	40412c101	23,086,072	96,208	SH		SOLE	0	298	0	95,910
HDFC BANK LTD	CS	40415f101	26,072,898	381,127	SH		SOLE	0	138,107	0	243,020
HDFC BANK LTD	CS	40415f101	5,116,315	74,789	SH		DFND	0	74,588	0	201
HENRY SCHEIN	CS	806407102	229,227	2,870	SH		SOLE	0	0	0	2,870
HESS CORP	CS	42809h107	22,333,105	157,475	SH		SOLE	0	485	0	156,990
HOME DEPOT	CS	437076102	47,749,188	151,172	SH		SOLE	0	8,809	0	142,363
HONDA MOTOR LTD AMERN SHS	CS	438128308	11,904,231	520,745	SH		SOLE	0	34,250	0	486,495
HONDA MOTOR LTD AMERN SHS	CS	438128308	365	16	SH		DFND	0	16	0	0
HP INC	CS	40434l105	19,175,077	713,624	SH		SOLE	0	3,474	0	710,150
HUMANA INC	CS	444859102	233,046	455	SH		SOLE	0	0	0	455
HUNTINGTON BANCSHARES INC	CS	446150104	384,733	27,286	SH		SOLE	0	27,286	0	0
ICON PLC - AMERICAN DEPOSITARY	CS	g4705a100	22,745,121	117,092	SH		SOLE	0	42,792	0	74,300
ICON PLC - AMERICAN DEPOSITARY	CS	g4705a100	4,349,645	22,392	SH		DFND	0	22,329	0	63
ILLINOIS TOOL WKS INC COM	CS	452308109	728,092	3,305	SH		SOLE	0	2,700	0	605
IMPERIAL OIL LTD CL A	CS	453038408	1,803,380	37,000	SH		SOLE	0	0	0	37,000
ING GROUP N V	CS	456837103	24,023,446	1,973,989	SH		SOLE	0	727,819	0	1,246,170
ING GROUP N V	CS	456837103	4,747,930	390,134	SH		DFND	0	389,063	0	1,071
INTL. BUSINESS MACHS CO	CS	459200101	934,523	6,633	SH		SOLE	0	6,633	0	0
IQVIA HOLDINGS INC	CS	46266c105	18,127,643	88,475	SH		SOLE	0	10,358	0	78,117
ISHARES BARCLAYS TIPS BOND FUN	BF	464287176	219,266	2,060	SH		SOLE	0	2,060	0	0
ISHARES CORE TOTAL US BOND MAR	ETF	464287226	337,525	3,480	SH		SOLE	0	3,480	0	0
ISHARES MSCI ACWI EX US ETF	ETF	464288240	9,915,451	217,922	SH		DFND	0	217,922	0	0
ISHARES NATIONAL MUNI BOND ETF	BF	464288414	648,948	6,150	SH		SOLE	0	0	0	6,150
ITAU UNIBANCO HOLDINGS SA	CS	465562106	20,311,475	4,312,415	SH		SOLE	0	1,577,675	0	2,734,740
ITAU UNIBANCO HOLDINGS SA	CS	465562106	3,914,809	831,170	SH		DFND	0	828,845	0	2,325
ITOCHU CORPORATION	CS	465717106	28,443,638	455,094	SH		SOLE	0	166,624	0	288,470
ITOCHU CORPORATION	CS	465717106	5,631,199	89,606	SH		DFND	0	89,370	0	236
J P MORGAN CHASE & CO	CS	46625h100	1,779,641	13,271	SH		SOLE	0	8,924	0	4,347
JABIL INC	CS	466313103	16,839,058	246,907	SH		SOLE	0	16,325	0	230,582
JACOBS SOLUTIONS INC	CS	46982l108	40,903,766	340,666	SH		SOLE	0	32,962	0	307,704
JAZZ PHARMACEUTICALS INC	CS	g50871105	23,497,110	147,493	SH		SOLE	0	53,239	0	94,254
JAZZ PHARMACEUTICALS INC	CS	g50871105	4,375,926	27,468	SH		DFND	0	27,392	0	76
JD.COM INC	CS	47215p106	16,329,171	290,917	SH		SOLE	0	104,917	0	186,000
JD.COM INC	CS	47215p106	3,019,119	53,788	SH		DFND	0	53,638	0	150
JOHNSON & JOHNSON COM	CS	478160104	580,825	3,288	SH		SOLE	0	800	0	2,488
JULIUS BAER GROUP LTD	CS	48137C108	27,140	2,331	SH		SOLE	0	2,331	0	0
JULIUS BAER GROUP LTD	CS	48137C108	3,068,431	263,543	SH		DFND	0	262,830	0	713
JUNIPER NETWORKS	CS	48203r104	17,326,826	542,141	SH		SOLE	0	35,850	0	506,291
KB FINANCIAL GROUP INC	CS	48241a105	13,142,854	339,960	SH		SOLE	0	125,230	0	214,730
KB FINANCIAL GROUP INC	CS	48241a105	2,204,199	57,015	SH		DFND	0	56,844	0	171
KERING UNSPONSORED ADR	CS	492089107	483,702	9,548	SH		SOLE	0	9,548	0	0
KLA -Tencor	CS	482480100	21,697,322	57,548	SH		SOLE	0	178	0	57,370
KOMATSU LTD	CS	500458401	25,113,549	1,163,184	SH		SOLE	0	425,924	0	737,260
KOMATSU LTD	CS	500458401	4,993,343	229,084	SH		DFND	0	228,463	0	621
KONINKLIJKE	CS	500467501	19,392,099	675,685	SH		SOLE	0	246,915	0	428,770
KONINKLIJKE	CS	500467501	3,811,133	133,047	SH		DFND	0	132,687	0	360
KT CORPORATION	CS	48268k101	2,824,200	209,200	SH		SOLE	0	0	0	209,200
LAZARD LTD	CS	g54050102	16,774,386	483,830	SH		SOLE	0	148,020	0	335,810
LENNAR CORP	CS	526057104	21,761,268	240,456	SH		SOLE	0	1,156	0	239,300
LOGITECH INTERNATIONAL S.A.	CS	h50430232	3,469,193	55,730	SH		SOLE	0	0	0	55,730
LOWE'S CO.	CS	548661107	18,506,607	92,886	SH		SOLE	0	286	0	92,600
LVMH Moet Hennessy	CS	502441306	12,471,461	86,087	SH		SOLE	0	29,187	0	56,900
LVMH Moet Hennessy	CS	502441306	2,516,304	17,339	SH		DFND	0	17,292	0	47
LYONDELLBASELL INDUSTRIES	CS	n53745100	23,341,726	281,124	SH		SOLE	0	111,204	0	169,920
LYONDELLBASELL INDUSTRIES	CS	n53745100	4,203,808	50,630	SH		DFND	0	50,487	0	143
MANULIFE FINANACIAL CORP	CS	56501r106	868,558	48,686	SH		SOLE	0	48,686	0	0
MARATHON OIL CORP COM	CS	565849106	20,075,708	741,622	SH		SOLE	0	6,422	0	735,200
MARATHON PETROLEUM CORP	CS	56585a102	240,927	2,070	SH		SOLE	0	2,070	0	0
MASCO CORP	CS	574599106	23,222,805	497,596	SH		SOLE	0	37,438	0	460,158
MCDONALDS CORP	CS	580135101	1,135,287	4,308	SH		SOLE	0	2,557	0	1,751
MCKESSON CORP COM	CS	58155q103	20,286,114	54,079	SH		SOLE	0	259	0	53,820
MERCK & CO INC	CS	58933y105	208,586	1,880	SH		SOLE	0	1,180	0	700
METLIFE INC.	CS	59156r108	1,318,871	18,224	SH		SOLE	0	18,224	0	0
MICROSOFT CORP	CS	594918104	2,828,677	11,795	SH		SOLE	0	8,156	0	3,639
MITSUBISHI UFJ FINL GROUP ADR	CS	606822104	20,882,456	3,130,803	SH		SOLE	0	1,138,663	0	1,992,140
MITSUBISHI UFJ FINL GROUP ADR	CS	606822104	3,874,455	580,878	SH		DFND	0	579,281	0	1,597
MORGAN STANLEY COM NEW	CS	617446448	43,180,298	507,884	SH		SOLE	0	47,200	0	460,684
NASPERS LIMITED ADR	CS	631512209	27,781,376	841,852	SH		SOLE	0	309,762	0	532,090
NASPERS LIMITED ADR	CS	631512209	4,941,123	148,838	SH		DFND	0	148,461	0	377
NATIONAL GRID TRANSCO PLC ADR	CS	636274409	411,020	6,814	SH		SOLE	0	6,814	0	0
NATWEST GROUP PLC SP ADR	CS	639057207	9,973,917	1,543,950	SH		SOLE	0	386,879	0	1,157,071
NATWEST GROUP PLC SP ADR	CS	639057207	1,320,539	204,418	SH		DFND	0	203,877	0	541
NETAPP	CS	64110d104	17,107,070	284,833	SH		SOLE	0	883	0	283,950
NETEASE INC. ADR	CS	64110w102	14,487,434	199,469	SH		SOLE	0	71,869	0	127,600
NETEASE INC. ADR	CS	64110w102	2,218,410	30,544	SH		DFND	0	30,462	0	82
NIPPON TELEG & TEL CORP	CS	654624105	23,127,160	818,648	SH		SOLE	0	297,688	0	520,960
NIPPON TELEG & TEL CORP	CS	654624105	4,379,032	155,010	SH		DFND	0	154,584	0	426
NUCOR CORP	CS	670346105	21,342,675	161,920	SH		SOLE	0	500	0	161,420
NUVEEN KENTUCKY MUNICIPAL BOND	BF	67065r804	1,810,193	187,003	SH		SOLE	0	17,273	0	169,730
NVIDIA CORP	CS	67066g104	626,941	4,290	SH		SOLE	0	0	0	4,290
NVR INC	CS	62944t105	29,003,903	6,288	SH		SOLE	0	629	0	5,659
NXP SEMICONDUCTORS NV	CS	n6596x109	30,068,526	190,271	SH		SOLE	0	62,471	0	127,800
NXP SEMICONDUCTORS NV	CS	n6596x109	5,174,533	32,744	SH		DFND	0	32,651	0	93
O REILLY AUTOMOTIVE INC	CS	67103h107	21,310,069	25,248	SH		SOLE	0	78	0	25,170
OMEGA HEALTHCARE INVS	CS	681936100	435,713	15,589	SH		SOLE	0	15,589	0	0
ON SEMICONDUCTOR CORP	CS	682189105	65,853,801	1,055,857	SH		SOLE	0	73,646	0	982,211
ONEOK INC	CS	682680103	18,611,956	283,287	SH		SOLE	0	25,633	0	257,654
ONO PHARMACEUTICAL	CS	682736103	2,525,731	329,300	SH		SOLE	0	0	0	329,300
ORANGE	CS	684060106	437,091	44,240	SH		SOLE	0	44,240	0	0
ORIX CORP ADR	CS	686330101	16,042,322	199,234	SH		SOLE	0	72,894	0	126,340
ORIX CORP ADR	CS	686330101	3,205,258	39,807	SH		DFND	0	39,698	0	109
OVINTIV INC	CS	69047q102	2,530,429	49,900	SH		SOLE	0	0	0	49,900
PANASONIC CORPORATION	CS	69832a205	91,733	10,986	SH		SOLE	0	10,986	0	0
PARKER HANNIFIN CORP	CS	701094104	25,026,582	86,002	SH		SOLE	0	8,353	0	77,649
PETROLEO BRASILERO	CS	71654v408	17,391,014	1,632,959	SH		SOLE	0	598,399	0	1,034,560
PETROLEO BRASILERO	CS	71654v408	3,121,568	293,105	SH		DFND	0	292,208	0	897
PFIZER INC	CS	717081103	1,419,912	27,711	SH		SOLE	0	27,711	0	0
PHILIP MORRIS INTL INC COM	CS	718172109	2,011,549	19,875	SH		SOLE	0	15,916	0	3,959
PHILLIPS 66	CS	718546104	33,204,747	319,031	SH		SOLE	0	28,765	0	290,266
PING AN INSURANCE GROUP	CS	72341e304	11,530,761	876,856	SH		SOLE	0	313,636	0	563,220
PING AN INSURANCE GROUP	CS	72341e304	2,163,514	163,469	SH		DFND	0	163,005	0	464
PROCTER & GAMBLE	CS	742718109	710,210	4,686	SH		SOLE	0	1,932	0	2,754
PROGRESSIVE CORP OHIO	CS	743315103	34,702,873	267,542	SH		SOLE	0	24,415	0	243,127
PULTEGROUP INC.	CS	745867101	25,007,125	549,245	SH		SOLE	0	56,033	0	493,212
QUALCOMM INC	CS	747525103	49,156,373	447,120	SH		SOLE	0	19,645	0	427,475
RANDSTAD NV ADR UNSPON	CS	75279q108	3,352,432	109,700	SH		SOLE	0	0	0	109,700
RAYTHEON TECHNOLOGIES CORP	CS	75513e101	41,927,820	415,456	SH		SOLE	0	37,253	0	378,203
REPSOL S.A.	CS	76026t205	36,895,512	2,316,120	SH		SOLE	0	825,480	0	1,490,640
REPSOL S.A.	CS	76026t205	6,535,588	412,366	SH		DFND	0	411,291	0	1,075
RIO TINTO PLC ADR	CS	767204100	64,771,637	909,714	SH		SOLE	0	198,860	0	710,854
RIO TINTO PLC ADR	CS	767204100	5,730,531	80,485	SH		DFND	0	80,267	0	218
ROBERT HALF INTL	CS	770323103	17,387,925	235,513	SH		SOLE	0	1,153	0	234,360
ROCHE HLDG LTD	CS	771195104	23,120,627	590,563	SH		SOLE	0	210,563	0	380,000
ROCHE HLDG LTD	CS	771195104	4,194,882	107,149	SH		DFND	0	106,845	0	304
ROSS STORES INC COM	CS	778296103	411,352	3,544	SH		SOLE	0	0	0	3,544
S&P DEPOSITORY RECEIPTS (SPDR)	ETF	78462f103	8,719,404	22,800	SH		SOLE	0	22,644	0	156
SANOFI AVENTIS	CS	80105n105	14,275,565	294,767	SH		SOLE	0	106,007	0	188,760
SANOFI AVENTIS	CS	80105n105	2,570,469	53,076	SH		DFND	0	52,925	0	151
SEAGATE TECHNOLOGY HOLDINGS PL	CS	g7997r103	19,853,330	377,368	SH		SOLE	0	1,018	0	376,350
SEMPRA ENERGY	CS	816851109	11,664,525	75,479	SH		SOLE	0	7,182	0	68,297
SHELL PLC	CS	780259305	77,477,001	1,360,439	SH		SOLE	0	311,220	0	1,049,219
SHELL PLC	CS	780259305	7,560,340	132,754	SH		DFND	0	132,396	0	358
SHIONOGI & CO LTD UNSP	CS	824667109	14,811,913	1,196,425	SH		SOLE	0	428,565	0	767,860
SHIONOGI & CO LTD UNSP	CS	824667109	2,916,429	233,707	SH		DFND	0	233,032	0	675
SMITH & NEPHEW PLC ADR	CS	83175m205	326,283	12,134	SH		SOLE	0	12,134	0	0
SOCIEDAD QUIMICA Y MINERA DE S	CS	833635105	27,701,287	346,960	SH		SOLE	0	67,469	0	279,491
SOCIEDAD QUIMICA Y MINERA DE S	CS	833635105	2,106,018	26,378	SH		DFND	0	26,301	0	77
SONY GROUP CORPORATION	CS	835699307	9,857,817	129,232	SH		SOLE	0	46,632	0	82,600
SONY GROUP CORPORATION	CS	835699307	1,939,571	25,427	SH		DFND	0	25,355	0	72
STANDARD BANK GROUP LTD	CS	853118206	18,839,566	1,922,385	SH		SOLE	0	702,345	0	1,220,040
STANDARD BANK GROUP LTD	CS	853118206	3,489,117	353,830	SH		DFND	0	352,799	0	1,031
STOCK YARDS BANCORP, INC	CS	861025104	228,600	3,518	SH		SOLE	0	3,518	0	0
SUN LIFE FINANCIAL	CS	866796105	17,619,407	379,565	SH		SOLE	0	155,455	0	224,110
SUN LIFE FINANCIAL	CS	866796105	3,232,642	69,639	SH		DFND	0	69,446	0	193
SYNCHRONY FINANCIAL	CS	87165b103	20,327,459	618,608	SH		SOLE	0	3,038	0	615,570
TAIWAN SEMICONDUCTOR MFG CO AD	CS	874039100	10,063,301	135,096	SH		SOLE	0	49,706	0	85,390
TAIWAN SEMICONDUCTOR MFG CO AD	CS	874039100	1,937,708	26,013	SH		DFND	0	25,939	0	74
TAPESTRY	CS	876030107	57,885,750	1,520,109	SH		SOLE	0	83,546	0	1,436,563
TARGET CORP COM	CS	87612e106	689,012	4,623	SH		SOLE	0	4,623	0	0
TE CONNECTIVITY LTD.	CS	h84989104	28,562,929	248,806	SH		SOLE	0	23,455	0	225,351
TEXAS ROADHOUSE	CS	882681109	3,609,078	39,682	SH		SOLE	0	39,682	0	0
TOKYO ELECTRON LTD	CS	889110102	20,812,504	284,593	SH		SOLE	0	89,283	0	195,310
TOKYO ELECTRON LTD	CS	889110102	3,569,533	48,455	SH		DFND	0	48,322	0	133
TOTALENERGIES, SE	CS	89151e109	79,928,062	1,287,501	SH		SOLE	0	295,108	0	992,393
TOTALENERGIES, SE	CS	89151e109	7,350,830	118,409	SH		DFND	0	118,095	0	314
UBS GROUP AG	CS	h42097107	38,423,774	2,058,049	SH		SOLE	0	696,799	0	1,361,250
UBS GROUP AG	CS	h42097107	7,100,761	380,330	SH		DFND	0	379,321	0	1,009
UNILEVER	CS	904767704	6,977,050	138,571	SH		SOLE	0	138,571	0	0
UNION PAC CORP COM	CS	907818108	16,146,491	77,976	SH		SOLE	0	8,939	0	69,037
UNITED HEALTHCARE CORP	CS	91324p102	46,313,874	87,355	SH		SOLE	0	7,688	0	79,667
UNITED RENTALS INC	CS	911363109	56,446,739	158,817	SH		SOLE	0	15,263	0	143,554
UNIVERSAL HEALTH SERVICES INC	CS	913903100	19,037,119	133,866	SH		SOLE	0	866	0	133,000
VALE SA	CS	91912e105	51,199,644	3,017,068	SH		SOLE	0	632,487	0	2,384,581
VALE SA	CS	91912e105	4,446,580	262,026	SH		DFND	0	261,353	0	673
VANGUARD BD INDEX FD INC	BF	921937827	513,033	6,815	SH		SOLE	0	6,815	0	0
VANGUARD S&P 500 ETF	ETF	922908363	1,725,431	4,911	SH		SOLE	0	4,911	0	0
VEOLIA ENVIRONMENT	CS	92334n103	10,708,998	415,887	SH		SOLE	0	152,417	0	263,470
VEOLIA ENVIRONMENT	CS	92334n103	2,049,196	80,003	SH		DFND	0	79,776	0	227
VERIZON COMMUNICATIONS	CS	92343v104	12,291,854	311,976	SH		SOLE	0	31,921	0	280,055
VIPSHOP HOLDINGS LTD ADS	CS	92763w103	25,235,050	1,850,077	SH		SOLE	0	553,087	0	1,296,990
VIPSHOP HOLDINGS LTD ADS	CS	92763w103	5,139,579	376,802	SH		DFND	0	375,880	0	922
W.W. GRAINGER INC.	CS	384802104	20,279,206	36,457	SH		SOLE	0	177	0	36,280
WALGREENS BOOT ALLIANCE, INC	CS	931427108	389,590	10,428	SH		SOLE	0	10,428	0	0
WILLIAMS COMPANIES INC	CS	969457100	20,013,596	608,316	SH		SOLE	0	1,876	0	606,440
WILLIS TOWERS WATSON	CS	g96629103	3,008,334	12,300	SH		SOLE	0	0	0	12,300
WOODSIDE ENERGY GROUP LTD SP A	CS	980228308	2,931,831	121,100	SH		SOLE	0	0	0	121,100
ZIONS BANCORPORATION	CS	989701107	28,679,748	583,396	SH		SOLE	0	49,571	0	533,825
ZTO EXPRESS INC	CS	98980a105	27,330,336	1,017,132	SH		SOLE	0	366,962	0	650,170
ZTO EXPRESS INC	CS	98980a105	5,445,205	202,650	SH		DFND	0	202,143	0	507