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
3I GROUP PLC UNSPONSORD ADR	CS	88579N105	3,838,402	215,580	SH		SOLE	0	0	0	215,580
3M CO	CS	88579Y101	894,700	8,435	SH		SOLE	0	7,635	0	800
ABBVIE	CS	00287Y109	41,738,049	229,204	SH		SOLE	0	31,294	0	197,910
ADECCO GROUP ADR	CS	006754204	2,748,608	139,170	SH		SOLE	0	0	0	139,170
AERCAP HOLDINGS NV	CS	N00985106	39,203,450	451,081	SH		SOLE	0	150,321	0	300,760
AERCAP HOLDINGS NV	CS	N00985106	6,156,047	70,833	SH		DFND	0	70,613	0	220
AKAMAI TECHNOLGIES	CS	00971T101	27,819,938	255,792	SH		SOLE	0	18,369	0	237,423
ALIBABA GROUP HOLDING	CS	01609W102	15,658,921	216,403	SH		SOLE	0	73,713	0	142,690
ALIBABA GROUP HOLDING	CS	01609W102	2,442,367	33,753	SH		DFND	0	33,650	0	103
ALKERMES INC	CS	G01767105	3,520,156	130,039	SH		SOLE	0	15,339	0	114,700
ALLIANZ SE	CS	018820100	1,054,793	35,242	SH		SOLE	0	35,242	0	0
ALPHABET INC	CS	02079K305	22,840,388	151,331	SH		SOLE	0	19,386	0	131,945
ALTRIA GROUP INC COM	CS	02209S103	30,586,954	701,214	SH		SOLE	0	78,189	0	623,025
AMDOCS LTD	CS	G02602103	33,282,910	368,296	SH		SOLE	0	124,346	0	243,950
AMDOCS LTD	CS	G02602103	5,085,385	56,273	SH		DFND	0	56,100	0	173
AMERICA MOVIL SAB DE CV SPON A	CS	02390A101	13,109,135	702,526	SH		SOLE	0	230,626	0	471,900
AMERICA MOVIL SAB DE CV SPON A	CS	02390A101	2,055,219	110,141	SH		DFND	0	109,796	0	345
AMERICAN EXPRESS CO	CS	025816109	42,712,140	187,589	SH		SOLE	0	18,644	0	168,945
AMERICAN INTL GROUP INC	CS	026874784	21,534,506	275,483	SH		SOLE	0	993	0	274,490
AMERIPRISE FINANCIAL INC	CS	03076C106	58,238,424	132,831	SH		SOLE	0	12,690	0	120,141
AMGEN INC	CS	031162100	35,827,163	126,010	SH		SOLE	0	12,777	0	113,233
ANA HOLDINGS INC SP ADR	CS	032350100	1,497,094	356,451	SH		SOLE	0	356,451	0	0
AON CORP.	CS	G0403H108	17,997,519	53,930	SH		SOLE	0	17,723	0	36,207
AON CORP.	CS	G0403H108	2,796,764	8,381	SH		DFND	0	8,354	0	27
APA CORPORATION	CS	03743Q108	18,107,774	526,695	SH		SOLE	0	1,905	0	524,790
APOLLO GLOBAL MANAGEMENT LLC	CS	03769M106	34,721,974	308,777	SH		SOLE	0	19,007	0	289,770
APPLE COMPUTER INC	CS	037833100	2,967,461	17,305	SH		SOLE	0	11,707	0	5,598
ARCELORMITTAL SA LUXEMBOU	CS	03938L203	3,360,623	121,850	SH		SOLE	0	0	0	121,850
ASHLAND GLOBAL HOLDINGS INC	CS	044186104	211,682	2,174	SH		SOLE	0	2,174	0	0
ASHTEAD GROUP PLC UNSP	CS	045055100	29,797,773	102,545	SH		SOLE	0	34,885	0	67,660
ASHTEAD GROUP PLC UNSP	CS	045055100	4,379,260	15,366	SH		DFND	0	15,318	0	48
ASTRAZENECA PLC-SPONS ADR	CS	046353108	32,161,400	474,707	SH		SOLE	0	156,717	0	317,990
ASTRAZENECA PLC-SPONS ADR	CS	046353108	4,947,813	73,031	SH		DFND	0	72,804	0	227
AUTOZONE INC	CS	053332102	66,294,958	21,035	SH		SOLE	0	1,572	0	19,463
AVERY DENNINSON	CS	053611109	10,605,269	47,504	SH		SOLE	0	3,076	0	44,428
AXA- SPONS ADR	CS	054536107	37,011,523	984,349	SH		SOLE	0	329,459	0	654,890
AXA- SPONS ADR	CS	054536107	5,469,790	145,473	SH		DFND	0	145,015	0	458
B A S F A G	CS	055262505	15,659,826	1,095,859	SH		SOLE	0	404,949	0	690,910
B A S F A G	CS	055262505	2,147,225	150,250	SH		DFND	0	149,771	0	479
BAE SYSTEMS PLC ADR	CS	05523R107	29,238,153	421,612	SH		SOLE	0	151,112	0	270,500
BAE SYSTEMS PLC ADR	CS	05523R107	4,253,280	62,374	SH		DFND	0	62,179	0	195
BAIDU INC	CS	056752108	15,637,449	148,532	SH		SOLE	0	50,022	0	98,510
BAIDU INC	CS	056752108	2,308,058	21,923	SH		DFND	0	21,856	0	67
BANCO BILBAO VIZCAYA ARG ADR	CS	05946K101	4,290,461	362,370	SH		SOLE	0	0	0	362,370
BANCO SANTANDER SA ADS	CS	05964H105	34,858,484	7,202,166	SH		SOLE	0	2,377,406	0	4,824,760
BANCO SANTANDER SA ADS	CS	05964H105	5,347,126	1,104,778	SH		DFND	0	1,101,364	0	3,414
BANK NOVA SCOTIA HALIFAX	CS	064149107	968,648	18,707	SH		SOLE	0	18,707	0	0
BANK OF AMERICA CORPORATION	CS	060505104	26,734,586	705,026	SH		SOLE	0	75,707	0	629,319
BARCLAYS ADR	CS	06738E204	21,853,399	2,312,529	SH		SOLE	0	778,929	0	1,533,600
BARCLAYS ADR	CS	06738E204	3,273,065	346,356	SH		DFND	0	345,290	0	1,066
BEST BUY INC COM	CS	086516101	34,553,415	421,229	SH		SOLE	0	22,751	0	398,478
BLACKROCK INC	CS	09247X101	440,194	528	SH		SOLE	0	318	0	210
BNP PARIBAS PA ADR	CS	05565A202	30,703,365	859,082	SH		SOLE	0	289,912	0	569,170
BNP PARIBAS PA ADR	CS	05565A202	4,660,773	131,053	SH		DFND	0	130,646	0	407
BOOKING HOLDINGS INC	CS	09857L108	15,839,324	4,366	SH		SOLE	0	16	0	4,350
BORG WARNER AUTOMOTIVE INC	CS	099724106	26,100,961	751,323	SH		SOLE	0	59,361	0	691,962
BP PLC	CS	055622104	17,428,621	462,543	SH		SOLE	0	124,763	0	337,780
BP PLC	CS	055622104	2,122,556	56,331	SH		DFND	0	56,154	0	177
BRISTOL MYERS SQUIBB CO	CS	110122108	15,098,011	278,407	SH		SOLE	0	26,091	0	252,316
BRITISH AMERN TOB PLC ADR	CS	110448107	6,495,311	212,961	SH		SOLE	0	45,041	0	167,920
BRITISH AMERN TOB PLC ADR	CS	110448107	1,221,959	40,064	SH		DFND	0	39,933	0	131
BROADCOM LTD	CS	11135F101	80,122,360	60,451	SH		SOLE	0	6,739	0	53,712
CANADIAN NATL RY CO	CS	136375102	17,171,428	130,373	SH		SOLE	0	44,093	0	86,280
CANADIAN NATL RY CO	CS	136375102	2,764,012	20,986	SH		DFND	0	20,922	0	64
CAPGEMINI SE	CS	13961R100	39,466,522	855,922	SH		SOLE	0	282,392	0	573,530
CAPGEMINI SE	CS	13961R100	5,823,935	126,305	SH		DFND	0	125,914	0	391
CAPITAL ONE FINANCIAL CORP	CS	14040H105	21,783,351	146,305	SH		SOLE	0	525	0	145,780
CARRIER GLOBAL CORPORATION	CS	14448C104	220,022	3,785	SH		SOLE	0	843	0	2,942
CDW CORP/DE	CS	12514G108	34,896,321	136,431	SH		SOLE	0	8,561	0	127,870
CHEVRON CORP NEW COM	CS	166764100	16,859,725	106,883	SH		SOLE	0	19,669	0	87,214
CHUBB CP	CS	H1467J104	59,901,527	231,164	SH		SOLE	0	45,276	0	185,888
CHUBB CP	CS	H1467J104	4,376,596	16,889	SH		DFND	0	16,836	0	53
CHUGAI PHARMA UNSUP ADR	CS	171269103	3,591,753	187,755	SH		SOLE	0	31,235	0	156,520
CISCO SYS INC COM	CS	17275R102	330,704	6,626	SH		SOLE	0	336	0	6,290
CITIZENS FINANCIAL GROUP INC	CS	174610105	30,478,120	839,849	SH		SOLE	0	112,545	0	727,304
COGNIZANT TECH	CS	192446102	9,483,433	129,396	SH		SOLE	0	12,019	0	117,377
COMPAGNIE DE SAINT GOB	CS	204280309	37,080,230	2,383,053	SH		SOLE	0	828,773	0	1,554,280
COMPAGNIE DE SAINT GOB	CS	204280309	5,663,658	364,527	SH		DFND	0	363,396	0	1,131
CONOCOPHILLIPS	CS	20825C104	30,554,455	240,057	SH		SOLE	0	23,870	0	216,187
CORPAY INC	CS	219948106	21,121,106	68,455	SH		SOLE	0	245	0	68,210
CRH PLC	CS	G25508105	51,611,601	598,326	SH		SOLE	0	201,916	0	396,410
CRH PLC	CS	G25508105	8,430,008	97,728	SH		DFND	0	97,426	0	302
CUMMINS INC.	CS	231021106	41,111,631	139,527	SH		SOLE	0	10,656	0	128,871
CVS CAREMARK CORPORATION COM	CS	126650100	16,764,037	210,181	SH		SOLE	0	12,819	0	197,362
D R HORTON INC	CS	23331A109	21,341,641	129,697	SH		SOLE	0	747	0	128,950
DAIWA HOUSE INDUSTRY	CS	234062206	22,950,234	771,699	SH		SOLE	0	260,449	0	511,250
DAIWA HOUSE INDUSTRY	CS	234062206	3,404,049	114,815	SH		DFND	0	114,459	0	356
DANSKE BANK ADR	CS	236363206	3,553,953	232,840	SH		SOLE	0	0	0	232,840
DAVITA INC	CS	23918K108	224,883	1,629	SH		SOLE	0	0	0	1,629
DBS GROUP HOLDINGS LTD	CS	23304Y100	27,209,625	255,297	SH		SOLE	0	86,817	0	168,480
DBS GROUP HOLDINGS LTD	CS	23304Y100	4,257,365	39,868	SH		DFND	0	39,743	0	125
DELL TECHNOLOGIES, INC	CS	24703L202	46,935,383	411,317	SH		SOLE	0	33,841	0	377,476
DICK'S SPORTING GOODS	CS	253393102	42,937,017	190,950	SH		SOLE	0	11,624	0	179,326
DIGITAL REALTY TRUST INC	CS	253868103	7,635,848	53,012	SH		SOLE	0	3,687	0	49,325
DISCOVER FINANCIAL SERVICES	CS	254709108	22,570,683	172,177	SH		SOLE	0	1,087	0	171,090
DOW INC.	CS	260557103	302,916	5,229	SH		SOLE	0	5,229	0	0
EASTMAN CHEMICAL CO	CS	277432100	17,440,986	174,027	SH		SOLE	0	17,793	0	156,234
EATON VANCE MUNICIPAL BD	CS	27827X101	236,280	22,829	SH		SOLE	0	22,829	0	0
ELEVANCE HEALTH INC	CS	036752103	28,792,452	55,526	SH		SOLE	0	5,487	0	50,039
ELI LILLY & CO	CS	532457108	288,623	371	SH		SOLE	0	0	0	371
EMERSON ELEC CO COM	CS	291011104	330,960	2,918	SH		SOLE	0	0	0	2,918
EQUINOR ASA	CS	29446M102	34,113,050	1,262,044	SH		SOLE	0	246,619	0	1,015,425
EQUINOR ASA	CS	29446M102	2,045,444	75,673	SH		DFND	0	75,429	0	244
EXPEDIA INC	CS	30212P303	17,848,819	129,574	SH		SOLE	0	744	0	128,830
EXXON MOBIL	CS	30231G102	2,215,186	19,057	SH		SOLE	0	14,689	0	4,368
FEDEX CORP	CS	31428X106	22,207,412	76,646	SH		SOLE	0	276	0	76,370
FIFTH THIRD BANCORP	CS	316773100	34,739,554	933,608	SH		SOLE	0	91,789	0	841,819
FISERV INC COM	CS	337738108	37,672,611	235,719	SH		SOLE	0	18,817	0	216,902
FLEX LTD	CS	Y2573F102	3,954,474	138,220	SH		SOLE	0	0	0	138,220
FOX CORPORATION	CS	35137L105	19,774,085	632,366	SH		SOLE	0	3,646	0	628,720
FRONTLINE PLC	CS	M46528101	3,240,702	138,610	SH		SOLE	0	0	0	138,610
FUJITSU LIMITED ADR	CS	359590304	33,421,372	1,010,908	SH		SOLE	0	303,408	0	707,500
FUJITSU LIMITED ADR	CS	359590304	4,501,063	135,983	SH		DFND	0	135,562	0	421
GE HEALTHCARE TECHNOLOGIES INC	CS	36266G107	28,892,562	317,815	SH		SOLE	0	19,206	0	298,609
GENERAL MILLS	CS	370334104	844,818	12,074	SH		SOLE	0	7,600	0	4,474
GILDAN ACTIVEWEAR INC	CS	375916103	3,843,698	103,520	SH		SOLE	0	0	0	103,520
GILEAD SCIENCES INC	CS	375558103	912,988	12,464	SH		SOLE	0	12,464	0	0
GLENCORE PLC UNSPONSORD ADR	CS	37827X100	15,066,301	1,375,910	SH		SOLE	0	464,210	0	911,700
GLENCORE PLC UNSPONSORD ADR	CS	37827X100	2,225,456	202,351	SH		DFND	0	201,706	0	645
HCA HEALTHCARE INC	CS	40412C101	45,402,104	136,126	SH		SOLE	0	9,794	0	126,332
HDFC BANK LTD	CS	40415F101	15,065,669	269,174	SH		SOLE	0	92,754	0	176,420
HDFC BANK LTD	CS	40415F101	2,428,325	43,386	SH		DFND	0	43,251	0	135
HEIDELBERG MATERIALS AG	CS	42281P205	3,817,727	173,770	SH		SOLE	0	0	0	173,770
HITACHI LTD ADR	CS	433578507	34,650,637	190,086	SH		SOLE	0	58,386	0	131,700
HITACHI LTD ADR	CS	433578507	5,653,471	31,102	SH		DFND	0	31,005	0	97
HOME DEPOT	CS	437076102	52,039,943	135,662	SH		SOLE	0	8,185	0	127,477
HUNTINGTON BANCSHARES INC	CS	446150104	731,259	52,420	SH		SOLE	0	52,420	0	0
ICON PLC - AMERICAN DEPOSITARY	CS	G4705A100	15,859,864	47,209	SH		SOLE	0	15,909	0	31,300
ICON PLC - AMERICAN DEPOSITARY	CS	G4705A100	2,366,918	7,046	SH		DFND	0	7,024	0	22
ILLINOIS TOOL WKS INC COM	CS	452308109	894,612	3,334	SH		SOLE	0	2,700	0	634
ING GROUP N V	CS	456837103	40,247,044	2,440,694	SH		SOLE	0	744,984	0	1,695,710
ING GROUP N V	CS	456837103	5,528,774	335,280	SH		DFND	0	334,204	0	1,076
INTESA SAN PAOLO SPON ADR	CS	46115H107	3,894,933	179,490	SH		SOLE	0	0	0	179,490
INTL. BUSINESS MACHS CO	CS	459200101	40,177,029	210,395	SH		SOLE	0	17,821	0	192,574
IQVIA HOLDINGS INC	CS	46266C105	1,317,051	5,208	SH		SOLE	0	4,807	0	401
ISHARES BARCLAYS TIPS BOND FUN	BF	464287176	221,265	2,060	SH		SOLE	0	2,060	0	0
ISHARES MSCI ACWI EX US ETF	BF	464288240	1,685,868	31,576	SH		DFND	0	31,576	0	0
ISHARES NATIONAL MUNI BOND ETF	BF	464288414	304,293	2,828	SH		SOLE	0	0	0	2,828
ITAU UNIBANCO HOLDINGS SA	CS	465562106	31,410,315	4,532,513	SH		SOLE	0	1,614,773	0	2,917,740
ITAU UNIBANCO HOLDINGS SA	CS	465562106	5,005,835	722,343	SH		DFND	0	719,994	0	2,349
ITOCHU CORPORATION	CS	465717106	43,552,854	509,034	SH		SOLE	0	169,964	0	339,070
ITOCHU CORPORATION	CS	465717106	6,543,536	76,603	SH		DFND	0	76,365	0	238
J P MORGAN CHASE & CO	CS	46625H100	46,016,121	229,736	SH		SOLE	0	22,831	0	206,905
JABIL INC	CS	466313103	52,628,017	392,893	SH		SOLE	0	19,338	0	373,555
JACOBS SOLUTIONS INC	CS	46982L108	47,814,642	311,030	SH		SOLE	0	29,754	0	281,276
JAZZ PHARMACEUTICALS INC	CS	G50871105	25,739,414	213,747	SH		SOLE	0	71,806	0	141,941
JAZZ PHARMACEUTICALS INC	CS	G50871105	3,592,508	29,833	SH		DFND	0	29,732	0	101
JD.COM INC	CS	47215P106	15,246,151	556,632	SH		SOLE	0	187,532	0	369,100
JD.COM INC	CS	47215P106	2,100,126	76,675	SH		DFND	0	76,421	0	254
JOHNSON & JOHNSON COM	CS	478160104	520,129	3,288	SH		SOLE	0	800	0	2,488
JOHNSON CONTROLS INTERNATIONAL	CS	G51502105	444,960	6,812	SH		SOLE	0	6,812	0	0
KB FINANCIAL GROUP INC	CS	48241A105	29,301,559	562,734	SH		SOLE	0	192,704	0	370,030
KB FINANCIAL GROUP INC	CS	48241A105	4,561,604	87,605	SH		DFND	0	87,334	0	271
KLA -Tencor	CS	482480100	78,274,768	112,050	SH		SOLE	0	5,860	0	106,190
KOMATSU LTD	CS	500458401	38,472,763	1,301,079	SH		SOLE	0	434,219	0	866,860
KOMATSU LTD	CS	500458401	5,782,524	196,091	SH		DFND	0	195,470	0	621
KONINKLIJKE	CS	500467501	30,975,344	1,034,926	SH		SOLE	0	313,196	0	721,730
KONINKLIJKE	CS	500467501	4,136,465	138,168	SH		DFND	0	137,735	0	433
KONINKLIJKE PHILIPS ELECT	CS	500472303	388,540	19,427	SH		SOLE	0	19,427	0	0
KROGER CO	CS	501044101	23,261,336	407,165	SH		SOLE	0	2,355	0	404,810
KT CORPORATION	CS	48268K101	3,585,755	255,760	SH		SOLE	0	0	0	255,760
LENOVO GROUP LIMITED ADS	CS	526250105	233,813	10,113	SH		SOLE	0	10,113	0	0
LINCOLN NATIONAL CORP	CS	534187109	1,222,855	38,298	SH		SOLE	0	38,298	0	0
LOGITECH INTERNATIONAL S.A.	CS	H50430232	3,018,025	33,770	SH		SOLE	0	0	0	33,770
LOWE'S CO.	CS	548661107	22,443,241	88,106	SH		SOLE	0	316	0	87,790
LYONDELLBASELL INDUSTRIES	CS	N53745100	31,608,714	309,041	SH		SOLE	0	109,321	0	199,720
LYONDELLBASELL INDUSTRIES	CS	N53745100	4,783,277	46,767	SH		DFND	0	46,621	0	146
MANULIFE FINANACIAL CORP	CS	56501R106	933,551	37,357	SH		SOLE	0	37,357	0	0
MARATHON OIL CORP COM	CS	565849106	22,073,091	778,867	SH		SOLE	0	7,337	0	771,530
MARATHON PETROLEUM CORP	CS	56585A102	409,045	2,030	SH		SOLE	0	2,030	0	0
MARUBENI CORP ADR	CS	573810207	35,555,925	205,467	SH		SOLE	0	62,747	0	142,720
MARUBENI CORP ADR	CS	573810207	4,740,747	27,484	SH		DFND	0	27,397	0	87
MASCO CORP	CS	574599106	34,692,450	439,813	SH		SOLE	0	36,842	0	402,971
MCDONALDS CORP	CS	580135101	1,214,641	4,308	SH		SOLE	0	2,557	0	1,751
MCKESSON CORP COM	CS	58155Q103	21,583,517	40,204	SH		SOLE	0	142	0	40,062
MERCK & CO INC	CS	58933Y105	36,358,822	275,550	SH		SOLE	0	21,265	0	254,285
MICROSOFT CORP	CS	594918104	4,932,101	11,723	SH		SOLE	0	8,156	0	3,567
MITSUBISHI UFJ FINL GROUP ADR	CS	606822104	35,870,830	3,506,435	SH		SOLE	0	1,164,295	0	2,342,140
MITSUBISHI UFJ FINL GROUP ADR	CS	606822104	5,514,521	539,054	SH		DFND	0	537,377	0	1,677
MORGAN STANLEY COM NEW	CS	617446448	36,326,269	385,793	SH		SOLE	0	38,215	0	347,578
NASPERS LIMITED ADR	CS	631512209	26,647,536	754,243	SH		SOLE	0	254,453	0	499,790
NASPERS LIMITED ADR	CS	631512209	4,064,806	114,624	SH		DFND	0	114,277	0	347
NATIONAL GRID TRANSCO PLC ADR	CS	636274409	701,643	10,285	SH		SOLE	0	10,285	0	0
NATWEST GROUP PLC SP ADR	CS	639057207	22,588,927	3,321,901	SH		SOLE	0	923,230	0	2,398,671
NATWEST GROUP PLC SP ADR	CS	639057207	2,982,423	438,591	SH		DFND	0	437,282	0	1,309
NETAPP	CS	64110D104	23,012,363	219,228	SH		SOLE	0	788	0	218,440
NETEASE INC. ADR	CS	64110W102	28,565,067	276,071	SH		SOLE	0	94,371	0	181,700
NETEASE INC. ADR	CS	64110W102	4,353,211	42,072	SH		DFND	0	41,941	0	131
NIPPON TELEG & TEL CORP	CS	654624105	27,331,086	916,846	SH		SOLE	0	304,386	0	612,460
NIPPON TELEG & TEL CORP	CS	654624105	3,929,025	131,802	SH		DFND	0	131,387	0	415
NOVARTIS A G SPONSORED ADR	CS	66987V109	24,860,867	257,013	SH		SOLE	0	84,213	0	172,800
NOVARTIS A G SPONSORED ADR	CS	66987V109	3,795,050	39,233	SH		DFND	0	39,109	0	124
NUTRIEN LTD	CS	67077M108	3,473,125	63,950	SH		SOLE	0	0	0	63,950
NUVEEN KENTUCKY MUNICIPAL BOND	BF	67065R804	1,934,806	194,845	SH		SOLE	0	32,573	0	162,272
NVIDIA CORP	CS	67066G104	2,548,039	2,820	SH		SOLE	0	0	0	2,820
NVR INC	CS	62944T105	46,785,369	5,776	SH		SOLE	0	574	0	5,202
NXP SEMICONDUCTORS NV	CS	N6596X109	69,528,226	280,616	SH		SOLE	0	63,966	0	216,650
NXP SEMICONDUCTORS NV	CS	N6596X109	7,125,410	28,758	SH		DFND	0	28,668	0	90
O REILLY AUTOMOTIVE INC	CS	67103H107	22,629,528	20,046	SH		SOLE	0	116	0	19,930
OMEGA HEALTHCARE INVS	CS	681936100	906,617	28,627	SH		SOLE	0	28,627	0	0
ON SEMICONDUCTOR CORP	CS	682189105	29,670,585	403,407	SH		SOLE	0	48,186	0	355,221
ONEOK INC	CS	682680103	30,879,560	385,176	SH		SOLE	0	40,940	0	344,236
ORACLE CORP COM	CS	68389X105	35,939,282	286,118	SH		SOLE	0	18,479	0	267,639
ORANGE	CS	684060106	782,411	66,475	SH		SOLE	0	66,475	0	0
ORIX CORP ADR	CS	686330101	29,314,853	266,015	SH		SOLE	0	90,375	0	175,640
ORIX CORP ADR	CS	686330101	4,454,025	40,417	SH		DFND	0	40,293	0	124
PACCAR INC	CS	693718108	24,747,523	199,754	SH		SOLE	0	714	0	199,040
PANASONIC CORPORATION	CS	69832A205	187,040	19,730	SH		SOLE	0	19,730	0	0
PARKER HANNIFIN CORP	CS	701094104	77,185,892	138,876	SH		SOLE	0	9,909	0	128,967
PETROLEO BRASILERO	CS	71654V408	30,770,560	2,023,048	SH		SOLE	0	611,048	0	1,412,000
PETROLEO BRASILERO	CS	71654V408	4,207,792	276,646	SH		DFND	0	275,779	0	867
PFIZER INC	CS	717081103	763,791	27,524	SH		SOLE	0	27,524	0	0
PHILIP MORRIS INTL INC COM	CS	718172109	1,612,512	17,600	SH		SOLE	0	13,641	0	3,959
PHILLIPS 66	CS	718546104	48,019,837	293,987	SH		SOLE	0	28,686	0	265,301
PROCTER & GAMBLE	CS	742718109	640,239	3,946	SH		SOLE	0	1,192	0	2,754
PROGRESSIVE CORP OHIO	CS	743315103	28,571,149	138,145	SH		SOLE	0	15,812	0	122,333
PRYSMIAN SPA UNSPONSORD ADR	CS	74440L106	13,917,141	531,393	SH		SOLE	0	179,393	0	352,000
PRYSMIAN SPA UNSPONSORD ADR	CS	74440L106	2,045,833	78,292	SH		DFND	0	78,043	0	249
PULTEGROUP INC.	CS	745867101	2,827,092	23,438	SH		SOLE	0	21,209	0	2,229
QUALCOMM INC	CS	747525103	70,987,998	419,303	SH		SOLE	0	18,043	0	401,260
QUANTA SERVICES INC	CS	74762E102	310,201	1,194	SH		SOLE	0	0	0	1,194
RANDSTAD NV ADR UNSPON	CS	75279Q108	3,053,897	110,090	SH		SOLE	0	0	0	110,090
REPSOL S.A.	CS	76026T205	39,231,665	2,347,605	SH		SOLE	0	755,115	0	1,592,490
REPSOL S.A.	CS	76026T205	5,220,459	313,071	SH		DFND	0	312,083	0	988
RIO TINTO PLC ADR	CS	767204100	58,343,835	915,341	SH		SOLE	0	199,664	0	715,677
RIO TINTO PLC ADR	CS	767204100	4,132,998	64,841	SH		DFND	0	64,637	0	204
ROSS STORES INC COM	CS	778296103	520,117	3,544	SH		SOLE	0	0	0	3,544
RTX CORPORATION COM	CS	75513E101	369,151	3,785	SH		SOLE	0	843	0	2,942
SANOFI AVENTIS	CS	80105N105	22,393,471	460,771	SH		SOLE	0	150,811	0	309,960
SANOFI AVENTIS	CS	80105N105	3,444,544	70,875	SH		DFND	0	70,652	0	223
SCHLUMBERGER LTD	CS	806857108	41,092,099	749,719	SH		SOLE	0	178,063	0	571,656
SCHLUMBERGER LTD	CS	806857108	3,762,758	68,651	SH		DFND	0	68,438	0	213
SEMPRA ENERGY	CS	816851109	9,587,796	133,479	SH		SOLE	0	8,685	0	124,794
SENSATA TECHNOLOGIES HOLDING P	CS	G8060N102	281,171	7,653	SH		SOLE	0	7,653	0	0
SHELL PLC	CS	780259305	75,472,023	1,125,776	SH		SOLE	0	235,686	0	890,090
SHELL PLC	CS	780259305	5,580,613	83,243	SH		DFND	0	82,984	0	259
SHIONOGI & CO LTD UNSP	CS	824667109	21,454,221	1,683,999	SH		SOLE	0	551,739	0	1,132,260
SHIONOGI & CO LTD UNSP	CS	824667109	3,356,728	262,778	SH		DFND	0	261,969	0	809
SK TELECOM CO	CS	78440P306	3,363,791	156,020	SH		SOLE	0	0	0	156,020
SONY GROUP CORPORATION	CS	835699307	17,290,842	201,666	SH		SOLE	0	66,966	0	134,700
SONY GROUP CORPORATION	CS	835699307	2,669,538	31,135	SH		DFND	0	31,040	0	95
STANDARD BANK GROUP LTD	CS	853118206	20,984,832	2,152,281	SH		SOLE	0	717,941	0	1,434,340
STANDARD BANK GROUP LTD	CS	853118206	3,222,580	329,440	SH		DFND	0	328,428	0	1,012
STELLANTIS NV	CS	N82405106	4,228,020	149,400	SH		SOLE	0	0	0	149,400
SUN LIFE FINANCIAL	CS	866796105	22,676,898	415,480	SH		SOLE	0	152,170	0	263,310
SUN LIFE FINANCIAL	CS	866796105	3,462,689	63,443	SH		DFND	0	63,249	0	194
SUNCOR ENERGY	CS	867224107	3,638,588	98,580	SH		SOLE	0	0	0	98,580
SYNCHRONY FINANCIAL	CS	87165B103	21,975,073	509,626	SH		SOLE	0	2,946	0	506,680
TAIWAN SEMICONDUCTOR MFG CO AD	CS	874039100	28,344,249	208,337	SH		SOLE	0	70,547	0	137,790
TAIWAN SEMICONDUCTOR MFG CO AD	CS	874039100	4,255,981	31,282	SH		DFND	0	31,183	0	99
TAPESTRY	CS	876030107	30,083,091	633,595	SH		SOLE	0	48,685	0	584,910
TE CONNECTIVITY LTD.	CS	H84989104	1,620,878	11,160	SH		SOLE	0	7,811	0	3,349
TEXAS ROADHOUSE	CS	882681109	2,170,612	14,052	SH		SOLE	0	14,052	0	0
TEXTRON INC	CS	883203101	36,659,362	382,147	SH		SOLE	0	23,245	0	358,902
THALES UNSPONSORD ADR	CS	883219206	23,289,079	682,186	SH		SOLE	0	225,986	0	456,200
THALES UNSPONSORD ADR	CS	883219206	3,683,759	107,905	SH		DFND	0	107,573	0	332
TOKYO ELECTRON LTD	CS	889110102	24,483,255	188,431	SH		SOLE	0	63,616	0	124,815
TOKYO ELECTRON LTD	CS	889110102	3,833,956	29,560	SH		DFND	0	29,469	0	91
TOTALENERGIES, SE	CS	89151E109	68,989,685	1,002,320	SH		SOLE	0	224,655	0	777,665
TOTALENERGIES, SE	CS	89151E109	4,881,837	70,926	SH		DFND	0	70,704	0	222
TRACTOR SUPPLY	CS	892356106	23,280,517	88,952	SH		SOLE	0	512	0	88,440
TRUIST FINL CORP	CS	89832Q109	735,163	18,860	SH		SOLE	0	18,860	0	0
UBS GROUP AG	CS	H42097107	30,395,720	989,444	SH		SOLE	0	334,194	0	655,250
UBS GROUP AG	CS	H42097107	4,781,766	155,656	SH		DFND	0	155,169	0	487
ULTA SALON COSMETICS & FRAGR	CS	90384S303	20,662,649	39,517	SH		SOLE	0	227	0	39,290
UNILEVER	CS	904767704	2,091,718	41,676	SH		SOLE	0	41,676	0	0
UNION PAC CORP COM	CS	907818108	15,850,680	64,452	SH		SOLE	0	7,952	0	56,500
UNITED HEALTHCARE CORP	CS	91324P102	32,382,567	65,459	SH		SOLE	0	6,528	0	58,931
UNITED RENTALS INC	CS	911363109	89,551,046	124,185	SH		SOLE	0	10,920	0	113,265
VALE SA	CS	91912E105	37,647,036	3,088,354	SH		SOLE	0	608,016	0	2,480,338
VALE SA	CS	91912E105	2,190,335	179,683	SH		DFND	0	179,058	0	625
VANGUARD BD INDEX FD INC	BF	921937827	398,071	5,192	SH		SOLE	0	5,192	0	0
VEOLIA ENVIRONMENT	CS	92334N103	16,115,037	993,280	SH		SOLE	0	336,140	0	657,140
VEOLIA ENVIRONMENT	CS	92334N103	2,616,218	160,800	SH		DFND	0	160,319	0	481
VERIZON COMMUNICATIONS	CS	92343V104	20,199,963	481,410	SH		SOLE	0	46,571	0	434,839
VIPSHOP HOLDINGS LTD ADS	CS	92763W103	32,047,768	1,936,421	SH		SOLE	0	583,461	0	1,352,960
VIPSHOP HOLDINGS LTD ADS	CS	92763W103	4,764,130	287,863	SH		DFND	0	286,969	0	894
ZTO EXPRESS INC	CS	98980A105	17,854,847	852,667	SH		SOLE	0	288,097	0	564,570
ZTO EXPRESS INC	CS	98980A105	2,796,810	133,563	SH		DFND	0	133,171	0	392