Brown Advisory Securities 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	COM	88579Y101	341	2,148	SH		DFND		0	0	2,148
ABBOTT LABS	COM	002824100	2,776	29,309	SH		DFND		0	0	29,309
ABBVIE INC	COM	00287Y109	4,734	47,893	SH		DFND		0	0	47,893
ABERDEEN STD GOLD ETF TR	PHYSCL GOLD SHS	00326A104	214	12,305	SH		DFND		0	0	12,305
ACCENTURE PLC IRELAND	SHS CLASS A	G1151C101	6,678	30,490	SH		DFND		0	0	30,490
ADOBE INC	COM	00724F101	819	1,885	SH		DFND		0	0	1,885
AIR PRODS & CHEMS INC	COM	009158106	632	2,250	SH		DFND		0	0	2,250
ALIBABA GROUP HLDG LTD	SPONSORED ADS	01609W102	6,594	26,530	SH		DFND		0	0	26,530
ALLSTATE CORP	COM	020002101	270	3,006	SH		DFND		0	0	3,006
ALPHABET INC	CAP STK CL C	02079K107	9,569	6,296	SH		DFND		0	0	6,296
ALPHABET INC	CAP STK CL A	02079K305	10,938	7,191	SH		DFND		0	0	7,191
ALTRIA GROUP INC	COM	02209S103	925	22,453	SH		DFND		0	0	22,453
AMAZON COM INC	COM	023135106	46,568	15,101	SH		DFND		0	0	15,101
AMERICAN EXPRESS CO	COM	025816109	993	10,489	SH		DFND		0	0	10,489
AMERICAN TOWER CORP NEW	COM	03027X100	3,091	11,921	SH		DFND		0	0	11,921
AMGEN INC	COM	031162100	3,544	14,004	SH		DFND		0	0	14,004
AMPHENOL CORP NEW	CL A	032095101	209	2,149	SH		DFND		0	0	2,149
ANHEUSER BUSCH INBEV SA/NV	SPONSORED ADR	03524A108	685	12,909	SH		DFND		0	0	12,909
ANTARES PHARMA INC	COM	036642106	729	275,000	SH		DFND		0	0	275,000
ANTHEM INC	COM	036752103	340	1,287	SH		DFND		0	0	1,287
APPLE INC	COM	037833100	44,871	115,547	SH		DFND		0	0	115,547
ARES MANAGEMENT CORPORATION	CL A COM STK	03990B101	817	20,500	SH		DFND		0	0	20,500
AT&T INC	COM	00206R102	1,892	63,410	SH		DFND		0	0	63,410
AUTODESK INC	COM	052769106	833	3,555	SH		DFND		0	0	3,555
AUTOMATIC DATA PROCESSING IN	COM	053015103	2,852	19,606	SH		DFND		0	0	19,606
AVALONBAY CMNTYS INC	COM	053484101	432	2,794	SH		DFND		0	0	2,794
BAXTER INTL INC	COM	071813109	284	3,342	SH		DFND		0	0	3,342
BECTON DICKINSON & CO	COM	075887109	575	2,185	SH		DFND		0	0	2,185
BERKSHIRE HATHAWAY INC DEL	CL B NEW	084670702	2,668	14,084	SH		DFND		0	0	14,084
BERKSHIRE HATHAWAY INC DEL	CL A	084670108	285	1	SH		DFND		0	0	1
BK OF AMERICA CORP	COM	060505104	2,541	105,398	SH		DFND		0	0	105,398
BLACKSTONE GROUP INC	COM CL A	09260D107	3,520	64,574	SH		DFND		0	0	64,574
BOEING CO	COM	097023105	409	2,278	SH		DFND		0	0	2,278
BOOKING HOLDINGS INC	COM	09857L108	207	122	SH		DFND		0	0	122
BRISTOL-MYERS SQUIBB CO	COM	110122108	2,789	48,125	SH		DFND		0	0	48,125
BROADCOM INC	COM	11135F101	881	2,793	SH		DFND		0	0	2,793
BROADRIDGE FINL SOLUTIONS IN	COM	11133T103	1,980	15,612	SH		DFND		0	0	15,612
CARMAX INC	COM	143130102	205	2,238	SH		DFND		0	0	2,238
CARRIER GLOBAL CORPORATION	COM	14448C104	577	22,999	SH		DFND		0	0	22,999
CATERPILLAR INC DEL	COM	149123101	227	1,666	SH		DFND		0	0	1,666
CDK GLOBAL INC	COM	12508E101	858	20,914	SH		DFND		0	0	20,914
CHEVRON CORP NEW	COM	166764100	702	7,942	SH		DFND		0	0	7,942
CIGNA CORP NEW	COM	125523100	657	3,603	SH		DFND		0	0	3,603
CINCINNATI BELL INC NEW	PFD CV DEP1/20	171871403	1,363	28,623	SH		DFND		0	0	28,623
CINTAS CORP	COM	172908105	320	1,180	SH		DFND		0	0	1,180
CISCO SYS INC	COM	17275R102	5,082	109,776	SH		DFND		0	0	109,776
CITIGROUP INC	COM NEW	172967424	1,124	22,392	SH		DFND		0	0	22,392
COCA COLA CO	COM	191216100	2,220	48,362	SH		DFND		0	0	48,362
COGNIZANT TECHNOLOGY SOLUTIO	CL A	192446102	385	6,807	SH		DFND		0	0	6,807
COMCAST CORP NEW	CL A	20030N101	767	18,670	SH		DFND		0	0	18,670
CONSOLIDATED EDISON INC	COM	209115104	270	3,725	SH		DFND		0	0	3,725
COSTCO WHSL CORP NEW	COM	22160K105	1,187	3,621	SH		DFND		0	0	3,621
CVS HEALTH CORP	COM	126650100	6,934	108,875	SH		DFND		0	0	108,875
DANAHER CORPORATION	COM	235851102	3,807	20,538	SH		DFND		0	0	20,538
DEERE & CO	COM	244199105	1,244	7,332	SH		DFND		0	0	7,332
DIAGEO P L C	SPON ADR NEW	25243Q205	527	3,749	SH		DFND		0	0	3,749
DISNEY WALT CO	COM DISNEY	254687106	5,439	45,779	SH		DFND		0	0	45,779
DOMINION ENERGY INC	COM	25746U109	952	12,884	SH		DFND		0	0	12,884
DOW INC	COM	260557103	421	9,915	SH		DFND		0	0	9,915
DUKE ENERGY CORP NEW	COM NEW	26441C204	554	6,753	SH		DFND		0	0	6,753
EASTERLY GOVT PPTYS INC	COM	27616P103	340	14,810	SH		DFND		0	0	14,810
EATON VANCE TAX-MANAGED GLOB	COM	27829F108	84	11,302	SH		DFND		0	0	11,302
EATON VANCE TX MGD DIV EQ IN	COM	27828N102	112	10,380	SH		DFND		0	0	10,380
ECOLAB INC	COM	278865100	1,157	5,677	SH		DFND		0	0	5,677
EDWARDS LIFESCIENCES CORP	COM	28176E108	565	7,932	SH		DFND		0	0	7,932
EMERSON ELEC CO	COM	291011104	2,323	37,420	SH		DFND		0	0	37,420
ENBRIDGE INC	COM	29250N105	3,155	103,100	SH		DFND		0	0	103,100
ENTERPRISE PRODS PARTNERS L	COM	293792107	283	16,648	SH		DFND		0	0	16,648
EOG RES INC	COM	26875P101	206	4,354	SH		DFND		0	0	4,354
EQUIFAX INC	COM	294429105	8,218	50,277	SH		DFND		0	0	50,277
EVERQUOTE INC	COM CL A	30041R108	782	14,466	SH		DFND		0	0	14,466
EXELIXIS INC	COM	30161Q104	476	20,000	SH		DFND		0	0	20,000
EXXON MOBIL CORP	COM	30231G102	1,476	33,513	SH		DFND		0	0	33,513
F5 NETWORKS INC	COM	315616102	406	2,823	SH		DFND		0	0	2,823
FACEBOOK INC	CL A	30303M102	3,799	15,836	SH		DFND		0	0	15,836
FERRARI N V	COM	N3167Y103	223	1,250	SH		DFND		0	0	1,250
FIAT CHRYSLER AUTOMOBILES N	SHS	N31738102	129	12,500	SH		DFND		0	0	12,500
FIDELITY NATL INFORMATION SV	COM	31620M106	4,895	35,886	SH		DFND		0	0	35,886
FIRST HORIZON NATL CORP	COM	320517105	114	13,039	SH		DFND		0	0	13,039
FIRST TR EXCH TRADED FD III	PFD SECS INC ETF	33739E108	1,676	90,438	SH		DFND		0	0	90,438
FIRST TR EXCHANGE-TRADED FD	FIRST TR ENH NEW	33739Q408	680	11,334	SH		DFND		0	0	11,334
FIRST TR EXCHANGE-TRADED FD	SENIOR LN FD	33738D309	242	5,280	SH		DFND		0	0	5,280
FIRST TR NASDAQ-100 TECH IND	NY ARCA BIOTECH	33733E203	2,382	13,765	SH		DFND		0	0	13,765
FORD MTR CO DEL	COM	345370860	400	63,093	SH		DFND		0	0	63,093
FORTIVE CORP	COM	34959J108	685	9,926	SH		DFND		0	0	9,926
GAMESTOP CORP NEW	CL A	36467W109	94	23,203	SH		DFND		0	0	23,203
GENERAL DYNAMICS CORP	COM	369550108	223	1,558	SH		DFND		0	0	1,558
GENERAL ELECTRIC CO	COM	369604103	205	29,598	SH		DFND		0	0	29,598
GENERAL MLS INC	COM	370334104	292	4,484	SH		DFND		0	0	4,484
GILEAD SCIENCES INC	COM	375558103	2,328	30,210	SH		DFND		0	0	30,210
GOLUB CAP BDC INC	COM	38173M102	186	15,878	SH		DFND		0	0	15,878
HANCOCK JOHN PFD INCOME FD I	COM	41021P103	202	12,680	SH		DFND		0	0	12,680
HD SUPPLY HLDGS INC	COM	40416M105	952	27,459	SH		DFND		0	0	27,459
HEICO CORP NEW	COM	422806109	202	2,133	SH		DFND		0	0	2,133
HEWLETT PACKARD ENTERPRISE C	COM	42824C109	134	13,960	SH		DFND		0	0	13,960
HOME DEPOT INC	COM	437076102	3,090	11,985	SH		DFND		0	0	11,985
HONEYWELL INTL INC	COM	438516106	713	4,817	SH		DFND		0	0	4,817
HORIZON TECHNOLOGY FIN CORP	COM	44045A102	186	16,163	SH		DFND		0	0	16,163
HP INC	COM	40434L105	248	13,960	SH		DFND		0	0	13,960
ICON PLC	SHS	G4705A100	1,292	7,200	SH		DFND		0	0	7,200
IDEXX LABS INC	COM	45168D104	239	706	SH		DFND		0	0	706
ILLUMINA INC	COM	452327109	622	1,651	SH		DFND		0	0	1,651
INTEL CORP	COM	458140100	8,072	136,856	SH		DFND		0	0	136,856
INTERNATIONAL BUSINESS MACHS	COM	459200101	2,975	24,711	SH		DFND		0	0	24,711
INTUIT	COM	461202103	1,878	6,580	SH		DFND		0	0	6,580
INTUITIVE SURGICAL INC	COM NEW	46120E602	4,807	8,211	SH		DFND		0	0	8,211
INVESCO EXCHANGE TRADED FD T	S&P 500 TOP 50	46137V233	652	2,619	SH		DFND		0	0	2,619
INVESCO EXCHANGE TRADED FD T	S&P500 EQL WGT	46137V357	4,103	39,721	SH		DFND		0	0	39,721
INVESCO QQQ TR	UNIT SER 1	46090E103	376	1,445	SH		DFND		0	0	1,445
IONIS PHARMACEUTICALS INC	COM	462222100	295	4,800	SH		DFND		0	0	4,800
ISHARES INC	CORE MSCI EMKT	46434G103	663	12,916	SH		DFND		0	0	12,916
ISHARES TR	TIPS BD ETF	464287176	410	3,307	SH		DFND		0	0	3,307
ISHARES TR	MSCI ACWI EX US	464288240	373	8,271	SH		DFND		0	0	8,271
ISHARES TR	RUS 1000 ETF	464287622	597	3,362	SH		DFND		0	0	3,362
ISHARES TR	MSCI EAFE ETF	464287465	347	5,521	SH		DFND		0	0	5,521
ISHARES TR	CORE S&P SCP ETF	464287804	1,022	15,104	SH		DFND		0	0	15,104
ISHARES TR	SH TR CRPORT ETF	464288646	204	3,755	SH		DFND		0	0	3,755
ISHARES TR	CORE MSCI TOTAL	46432F834	464	8,135	SH		DFND		0	0	8,135
ISHARES TR	RUS 1000 GRW ETF	464287614	414	2,069	SH		DFND		0	0	2,069
ISHARES TR	U.S. UTILITS ETF	464287697	303	2,100	SH		DFND		0	0	2,100
ISHARES TR	RUSSELL 2000 ETF	464287655	252	1,787	SH		DFND		0	0	1,787
ISHARES TR	SELECT DIVID ETF	464287168	1,245	15,363	SH		DFND		0	0	15,363
ISHARES TR	CORE S&P MCP ETF	464287507	1,207	6,789	SH		DFND		0	0	6,789
ISHARES TR	20 YR TR BD ETF	464287432	669	4,005	SH		DFND		0	0	4,005
ISHARES TR	RUS 2000 VAL ETF	464287630	281	2,958	SH		DFND		0	0	2,958
ISHARES TR	SHRT NAT MUN ETF	464288158	510	4,725	SH		DFND		0	0	4,725
ISHARES TR	CORE S&P500 ETF	464287200	5,888	18,388	SH		DFND		0	0	18,388
ISHARES TR	MSCI EMG MKT ETF	464287234	302	7,011	SH		DFND		0	0	7,011
ISHARES TR	CORE US AGGBD ET	464287226	327	2,757	SH		DFND		0	0	2,757
ISHARES TR	FLTG RATE NT ETF	46429B655	416	8,226	SH		DFND		0	0	8,226
ISHARES TR	RUS 1000 VAL ETF	464287598	1,076	9,362	SH		DFND		0	0	9,362
ISHARES TR	BARCLAYS 7 10 YR	464287440	775	6,353	SH		DFND		0	0	6,353
JACOBS ENGR GROUP INC	COM	469814107	624	7,881	SH		DFND		0	0	7,881
JOHNSON & JOHNSON	COM	478160104	3,996	27,002	SH		DFND		0	0	27,002
JPMORGAN CHASE & CO	COM	46625H100	9,889	100,631	SH		DFND		0	0	100,631
KIMBERLY CLARK CORP	COM	494368103	565	3,931	SH		DFND		0	0	3,931
KINDER MORGAN INC DEL	COM	49456B101	153	10,373	SH		DFND		0	0	10,373
L3HARRIS TECHNOLOGIES INC	COM	502431109	406	2,510	SH		DFND		0	0	2,510
LABORATORY CORP AMER HLDGS	COM NEW	50540R409	210	1,111	SH		DFND		0	0	1,111
LILLY ELI & CO	COM	532457108	455	2,775	SH		DFND		0	0	2,775
LOCKHEED MARTIN CORP	COM	539830109	602	1,691	SH		DFND		0	0	1,691
LOWES COS INC	COM	548661107	686	4,906	SH		DFND		0	0	4,906
M & T BK CORP	COM	55261F104	285	2,901	SH		DFND		0	0	2,901
MARTEN TRANS LTD	COM	573075108	393	15,000	SH		DFND		0	0	15,000
MASIMO CORP	COM	574795100	1,868	8,331	SH		DFND		0	0	8,331
MASTERCARD INCORPORATED	CL A	57636Q104	18,924	63,300	SH		DFND		0	0	63,300
MCCORMICK & CO INC	COM NON VTG	579780206	2,506	13,226	SH		DFND		0	0	13,226
MCDONALDS CORP	COM	580135101	1,181	6,194	SH		DFND		0	0	6,194
MEDTRONIC PLC	SHS	G5960L103	481	5,072	SH		DFND		0	0	5,072
MERCK & CO. INC	COM	58933Y105	4,465	57,092	SH		DFND		0	0	57,092
METLIFE INC	COM	59156R108	1,804	47,598	SH		DFND		0	0	47,598
MICROSOFT CORP	COM	594918104	28,185	135,233	SH		DFND		0	0	135,233
MONDELEZ INTL INC	CL A	609207105	275	5,197	SH		DFND		0	0	5,197
NETFLIX INC	COM	64110L106	211	402	SH		DFND		0	0	402
NEXTERA ENERGY INC	COM	65339F101	668	2,540	SH		DFND		0	0	2,540
NIKE INC	CL B	654106103	312	3,229	SH		DFND		0	0	3,229
NOMAD FOODS LTD	USD ORD SHS	G6564A105	531	24,734	SH		DFND		0	0	24,734
NORFOLK SOUTHERN CORP	COM	655844108	1,305	7,338	SH		DFND		0	0	7,338
NORTHROP GRUMMAN CORP	COM	666807102	449	1,520	SH		DFND		0	0	1,520
NOVARTIS AG	SPONSORED ADR	66987V109	233	2,651	SH		DFND		0	0	2,651
NUVEEN AMT FREE QLTY MUN INC	COM	670657105	175	12,359	SH		DFND		0	0	12,359
NUVEEN MARYLAND QLT MUN INC	COM	67061Q107	231	17,810	SH		DFND		0	0	17,810
NVIDIA CORPORATION	COM	67066G104	356	857	SH		DFND		0	0	857
NXP SEMICONDUCTORS N V	COM	N6596X109	377	3,144	SH		DFND		0	0	3,144
NYMOX PHARMACEUTICAL CORP	COM	P73398102	92	28,000	SH		DFND		0	0	28,000
OAKTREE SPECIALTY LENDING CO	COM	67401P108	151	34,644	SH		DFND		0	0	34,644
ONEOK INC NEW	COM	682680103	554	20,365	SH		DFND		0	0	20,365
OTIS WORLDWIDE CORP	COM	68902V107	651	11,348	SH		DFND		0	0	11,348
PAYPAL HLDGS INC	COM	70450Y103	15,051	87,353	SH		DFND		0	0	87,353
PEPSICO INC	COM	713448108	896	6,611	SH		DFND		0	0	6,611
PFIZER INC	COM	717081103	2,169	61,543	SH		DFND		0	0	61,543
PHILIP MORRIS INTL INC	COM	718172109	601	8,085	SH		DFND		0	0	8,085
PHILLIPS 66	COM	718546104	1,299	20,990	SH		DFND		0	0	20,990
PNC FINL SVCS GROUP INC	COM	693475105	295	2,926	SH		DFND		0	0	2,926
PPG INDS INC	COM	693506107	660	5,906	SH		DFND		0	0	5,906
PRICE T ROWE GROUP INC	COM	74144T108	1,167	8,939	SH		DFND		0	0	8,939
PROCTER AND GAMBLE CO	COM	742718109	5,210	41,645	SH		DFND		0	0	41,645
QUALCOMM INC	COM	747525103	7,316	79,174	SH		DFND		0	0	79,174
RAYTHEON TECHNOLOGIES CORP	COM	75513E101	4,267	70,665	SH		DFND		0	0	70,665
REGENERON PHARMACEUTICALS	COM	75886F107	1,433	2,234	SH		DFND		0	0	2,234
ROPER TECHNOLOGIES INC	COM	776696106	721	1,814	SH		DFND		0	0	1,814
ROYAL DUTCH SHELL PLC	SPON ADR B	780259107	516	16,455	SH		DFND		0	0	16,455
SALESFORCE COM INC	COM	79466L302	2,704	14,255	SH		DFND		0	0	14,255
SALIENT MIDSTREAM & MLP FD	SH BEN INT	79471V105	51	13,213	SH		DFND		0	0	13,213
SCHWAB CHARLES CORP	COM	808513105	5,041	145,924	SH		DFND		0	0	145,924
SELECT SECTOR SPDR TR	SBI INT-FINL	81369Y605	289	12,189	SH		DFND		0	0	12,189
SELECT SECTOR SPDR TR	TECHNOLOGY	81369Y803	553	5,169	SH		DFND		0	0	5,169
SELECT SECTOR SPDR TR	SBI HEALTHCARE	81369Y209	289	2,800	SH		DFND		0	0	2,800
SHERWIN WILLIAMS CO	COM	824348106	516	878	SH		DFND		0	0	878
SOUTHERN CO	COM	842587107	232	4,347	SH		DFND		0	0	4,347
SPDR GOLD TR	GOLD SHS	78463V107	662	3,885	SH		DFND		0	0	3,885
SPDR INDEX SHS FDS	EURO STOXX 50	78463X202	304	8,168	SH		DFND		0	0	8,168
SPDR S&P 500 ETF TR	TR UNIT	78462F103	2,540	7,960	SH		DFND		0	0	7,960
SPDR SER TR	S&P 600 SMCP VAL	78464A300	630	13,098	SH		DFND		0	0	13,098
SPDR SER TR	PORTFOLIO SHORT	78464A474	622	19,809	SH		DFND		0	0	19,809
SPDR SER TR	S&P DIVID ETF	78464A763	1,152	12,558	SH		DFND		0	0	12,558
STARBUCKS CORP	COM	855244109	3,770	51,837	SH		DFND		0	0	51,837
STERICYCLE INC	COM	858912108	462	8,280	SH		DFND		0	0	8,280
STRYKER CORPORATION	COM	863667101	1,135	6,216	SH		DFND		0	0	6,216
SYSCO CORP	COM	871829107	2,363	44,642	SH		DFND		0	0	44,642
TAIWAN SEMICONDUCTOR MFG LTD	SPONSORED ADS	874039100	215	3,231	SH		DFND		0	0	3,231
TELEFLEX INCORPORATED	COM	879369106	308	850	SH		DFND		0	0	850
TEXAS INSTRS INC	COM	882508104	592	4,488	SH		DFND		0	0	4,488
THERMO FISHER SCIENTIFIC INC	COM	883556102	351	908	SH		DFND		0	0	908
TRANE TECHNOLOGIES PLC	SHS	G8994E103	317	3,232	SH		DFND		0	0	3,232
TRUIST FINL CORP	COM	89832Q109	475	13,439	SH		DFND		0	0	13,439
TWITTER INC	COM	90184L102	782	22,688	SH		DFND		0	0	22,688
UNILEVER PLC	SPON ADR NEW	904767704	237	4,274	SH		DFND		0	0	4,274
UNION PAC CORP	COM	907818108	1,165	6,773	SH		DFND		0	0	6,773
UNITED RENTALS INC	COM	911363109	437	2,758	SH		DFND		0	0	2,758
UNITEDHEALTH GROUP INC	COM	91324P102	1,659	5,370	SH		DFND		0	0	5,370
VALERO ENERGY CORP	COM	91913Y100	219	4,029	SH		DFND		0	0	4,029
VANECK VECTORS ETF TR	GOLD MINERS ETF	92189F106	1,205	31,246	SH		DFND		0	0	31,246
VANGUARD BD INDEX FDS	SHORT TRM BOND	921937827	445	5,354	SH		DFND		0	0	5,354
VANGUARD BD INDEX FDS	TOTAL BND MRKT	921937835	861	9,707	SH		DFND		0	0	9,707
VANGUARD INDEX FDS	MID CAP ETF	922908629	403	2,404	SH		DFND		0	0	2,404
VANGUARD INDEX FDS	REAL ESTATE ETF	922908553	263	3,363	SH		DFND		0	0	3,363
VANGUARD INDEX FDS	S&P 500 ETF SHS	922908363	263	896	SH		DFND		0	0	896
VANGUARD INDEX FDS	SML CP GRW ETF	922908595	210	1,045	SH		DFND		0	0	1,045
VANGUARD SPECIALIZED FUNDS	DIV APP ETF	921908844	672	5,561	SH		DFND		0	0	5,561
VANGUARD WORLD FDS	CONSUM DIS ETF	92204A108	205	974	SH		DFND		0	0	974
VENTAS INC	COM	92276F100	222	6,310	SH		DFND		0	0	6,310
VERIZON COMMUNICATIONS INC	COM	92343V104	2,363	42,618	SH		DFND		0	0	42,618
VISA INC	COM CL A	92826C839	10,461	54,142	SH		DFND		0	0	54,142
VOYA FINANCIAL INC	COM	929089100	1,400	29,316	SH		DFND		0	0	29,316
WALMART INC	COM	931142103	723	5,472	SH		DFND		0	0	5,472
WASTE MGMT INC DEL	COM	94106L109	314	2,951	SH		DFND		0	0	2,951
WEC ENERGY GROUP INC	COM	92939U106	211	2,394	SH		DFND		0	0	2,394
WILLIS TOWERS WATSON PLC LTD	SHS	G96629103	370	1,812	SH		DFND		0	0	1,812
WP CAREY INC	COM	92936U109	287	4,279	SH		DFND		0	0	4,279
YUM BRANDS INC	COM	988498101	593	6,731	SH		DFND		0	0	6,731
YUM CHINA HLDGS INC	COM	98850P109	253	5,031	SH		DFND		0	0	5,031