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	394	2,457	SH		DFND		0	0	2,457
ABBOTT LABS	COM	002824100	3,220	29,584	SH		DFND		0	0	29,584
ABBVIE INC	COM	00287Y109	4,909	56,047	SH		DFND		0	0	56,047
ABERDEEN STD GOLD ETF TR	PHYSCL GOLD SHS	00326A104	369	20,350	SH		DFND		0	0	20,350
ACCENTURE PLC IRELAND	SHS CLASS A	G1151C101	6,878	30,435	SH		DFND		0	0	30,435
ADOBE SYSTEMS INCORPORATED	COM	00724F101	843	1,719	SH		DFND		0	0	1,719
AIR PRODS & CHEMS INC	COM	009158106	670	2,250	SH		DFND		0	0	2,250
ALIBABA GROUP HLDG LTD	SPONSORED ADS	01609W102	7,626	25,941	SH		DFND		0	0	25,941
ALLSTATE CORP	COM	020002101	283	3,006	SH		DFND		0	0	3,006
ALPHABET INC	CAP STK CL A	02079K305	10,501	7,166	SH		DFND		0	0	7,166
ALPHABET INC	CAP STK CL C	02079K107	9,238	6,287	SH		DFND		0	0	6,287
ALTRIA GROUP INC	COM	02209S103	790	20,453	SH		DFND		0	0	20,453
AMAZON COM INC	COM	023135106	46,979	14,921	SH		DFND		0	0	14,921
AMERICAN EXPRESS CO	COM	025816109	1,051	10,489	SH		DFND		0	0	10,489
AMERICAN TOWER CORP NEW	COM	03027X100	2,930	12,120	SH		DFND		0	0	12,120
AMGEN INC	COM	031162100	3,559	14,004	SH		DFND		0	0	14,004
AMPHENOL CORP NEW	CL A	032095101	233	2,149	SH		DFND		0	0	2,149
ANHEUSER BUSCH INBEV SA/NV	SPONSORED ADR	03524A108	452	8,383	SH		DFND		0	0	8,383
ANTARES PHARMA INC	COM	036642106	743	275,000	SH		DFND		0	0	275,000
ANTHEM INC	COM	036752103	346	1,287	SH		DFND		0	0	1,287
APPLE INC	COM	037833100	52,049	449,438	SH		DFND		0	0	449,438
ARES MANAGEMENT CORPORATION	CL A COM STK	03990B101	829	20,500	SH		DFND		0	0	20,500
AT&T INC	COM	00206R102	1,774	62,236	SH		DFND		0	0	62,236
AUTODESK INC	COM	052769106	741	3,207	SH		DFND		0	0	3,207
AUTOHOME INC	SP ADR RP CL A	05278C107	203	2,118	SH		DFND		0	0	2,118
AUTOMATIC DATA PROCESSING IN	COM	053015103	2,630	18,856	SH		DFND		0	0	18,856
AVALONBAY CMNTYS INC	COM	053484101	417	2,794	SH		DFND		0	0	2,794
BECTON DICKINSON & CO	COM	075887109	508	2,185	SH		DFND		0	0	2,185
BERKSHIRE HATHAWAY INC DEL	CL B NEW	084670702	5,732	26,919	SH		DFND		0	0	26,919
BERKSHIRE HATHAWAY INC DEL	CL A	084670108	320	1	SH		DFND		0	0	1
BK OF AMERICA CORP	COM	060505104	3,513	145,817	SH		DFND		0	0	145,817
BLACKSTONE GROUP INC	COM CL A	09260D107	3,831	73,394	SH		DFND		0	0	73,394
BOEING CO	COM	097023105	462	2,798	SH		DFND		0	0	2,798
BRISTOL-MYERS SQUIBB CO	COM	110122108	2,693	44,666	SH		DFND		0	0	44,666
BROADCOM INC	COM	11135F101	985	2,703	SH		DFND		0	0	2,703
BROADRIDGE FINL SOLUTIONS IN	COM	11133T103	2,061	15,612	SH		DFND		0	0	15,612
BUILDERS FIRSTSOURCE INC	COM	12008R107	294	9,000	SH		DFND		0	0	9,000
CARRIER GLOBAL CORPORATION	COM	14448C104	681	22,298	SH		DFND		0	0	22,298
CDK GLOBAL INC	COM	12508E101	835	19,164	SH		DFND		0	0	19,164
CHEVRON CORP NEW	COM	166764100	513	7,126	SH		DFND		0	0	7,126
CIGNA CORP NEW	COM	125523100	591	3,491	SH		DFND		0	0	3,491
CINTAS CORP	COM	172908105	393	1,180	SH		DFND		0	0	1,180
CISCO SYS INC	COM	17275R102	5,236	132,921	SH		DFND		0	0	132,921
CITIGROUP INC	COM NEW	172967424	1,305	30,269	SH		DFND		0	0	30,269
COCA COLA CO	COM	191216100	2,313	46,846	SH		DFND		0	0	46,846
COGNIZANT TECHNOLOGY SOLUTIO	CL A	192446102	473	6,807	SH		DFND		0	0	6,807
COLONY CAP INC NEW	CL A COM	19626G108	27	10,000	SH		DFND		0	0	10,000
COMCAST CORP NEW	CL A	20030N101	855	18,480	SH		DFND		0	0	18,480
CONSOLIDATED EDISON INC	COM	209115104	290	3,729	SH		DFND		0	0	3,729
COSTCO WHSL CORP NEW	COM	22160K105	1,285	3,621	SH		DFND		0	0	3,621
CVS HEALTH CORP	COM	126650100	6,025	103,162	SH		DFND		0	0	103,162
DANAHER CORPORATION	COM	235851102	4,335	20,130	SH		DFND		0	0	20,130
DEERE & CO	COM	244199105	1,625	7,332	SH		DFND		0	0	7,332
DIAGEO PLC	SPON ADR NEW	25243Q205	513	3,726	SH		DFND		0	0	3,726
DISNEY WALT CO	COM DISNEY	254687106	5,652	45,551	SH		DFND		0	0	45,551
DOMINION ENERGY INC	COM	25746U109	851	10,784	SH		DFND		0	0	10,784
DOW INC	COM	260557103	462	9,825	SH		DFND		0	0	9,825
DUKE ENERGY CORP NEW	COM NEW	26441C204	528	5,968	SH		DFND		0	0	5,968
DYNATRACE INC	COM NEW	268150109	241	5,865	SH		DFND		0	0	5,865
EASTERLY GOVT PPTYS INC	COM	27616P103	316	14,120	SH		DFND		0	0	14,120
EATON CORP PLC	SHS	G29183103	243	2,381	SH		DFND		0	0	2,381
EATON VANCE TAX-MANAGED GLOB	COM	27829F108	84	11,456	SH		DFND		0	0	11,456
EATON VANCE TX MGD DIV EQ IN	COM	27828N102	114	10,511	SH		DFND		0	0	10,511
ECOLAB INC	COM	278865100	1,111	5,558	SH		DFND		0	0	5,558
EDWARDS LIFESCIENCES CORP	COM	28176E108	671	8,401	SH		DFND		0	0	8,401
EMERSON ELEC CO	COM	291011104	2,699	41,159	SH		DFND		0	0	41,159
ENBRIDGE INC	COM	29250N105	1,556	53,275	SH		DFND		0	0	53,275
ENTERPRISE PRODS PARTNERS L	COM	293792107	263	16,648	SH		DFND		0	0	16,648
EQUIFAX INC	COM	294429105	7,890	50,287	SH		DFND		0	0	50,287
EVERQUOTE INC	COM CL A	30041R108	487	12,598	SH		DFND		0	0	12,598
EXELIXIS INC	COM	30161Q104	489	20,000	SH		DFND		0	0	20,000
EXXON MOBIL CORP	COM	30231G102	1,109	32,306	SH		DFND		0	0	32,306
F5 NETWORKS INC	COM	315616102	347	2,823	SH		DFND		0	0	2,823
FACEBOOK INC	CL A	30303M102	3,853	14,710	SH		DFND		0	0	14,710
FERRARI N V	COM	N3167Y103	230	1,250	SH		DFND		0	0	1,250
FIDELITY NATL INFORMATION SV	COM	31620M106	5,283	35,886	SH		DFND		0	0	35,886
FIRST HORIZON NATL CORP	COM	320517105	123	13,039	SH		DFND		0	0	13,039
FIRST TR EXCH TRADED FD III	PFD SECS INC ETF	33739E108	1,676	87,438	SH		DFND		0	0	87,438
FIRST TR EXCHANGE-TRADED FD	NY ARCA BIOTECH	33733E203	2,007	12,765	SH		DFND		0	0	12,765
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	243	5,280	SH		DFND		0	0	5,280
FORD MTR CO DEL	COM	345370860	420	63,093	SH		DFND		0	0	63,093
FORTIVE CORP	COM	34959J108	741	9,727	SH		DFND		0	0	9,727
GAMESTOP CORP NEW	CL A	36467W109	237	23,203	SH		DFND		0	0	23,203
GENERAL DYNAMICS CORP	COM	369550108	216	1,558	SH		DFND		0	0	1,558
GENERAL ELECTRIC CO	COM	369604103	184	29,598	SH		DFND		0	0	29,598
GENERAL MLS INC	COM	370334104	278	4,507	SH		DFND		0	0	4,507
GILEAD SCIENCES INC	COM	375558103	1,807	28,600	SH		DFND		0	0	28,600
GOLUB CAP BDC INC	COM	38173M102	184	13,878	SH		DFND		0	0	13,878
HANCOCK JOHN PFD INCOME FD I	COM	41021P103	187	11,680	SH		DFND		0	0	11,680
HD SUPPLY HLDGS INC	COM	40416M105	959	23,248	SH		DFND		0	0	23,248
HEWLETT PACKARD ENTERPRISE C	COM	42824C109	131	13,960	SH		DFND		0	0	13,960
HOME DEPOT INC	COM	437076102	3,199	11,520	SH		DFND		0	0	11,520
HONEYWELL INTL INC	COM	438516106	817	4,962	SH		DFND		0	0	4,962
HORIZON TECHNOLOGY FIN CORP	COM	44045A102	200	16,265	SH		DFND		0	0	16,265
HP INC	COM	40434L105	265	13,960	SH		DFND		0	0	13,960
ICON PLC	SHS	G4705A100	1,376	7,200	SH		DFND		0	0	7,200
IDEXX LABS INC	COM	45168D104	246	625	SH		DFND		0	0	625
ILLUMINA INC	COM	452327109	264	854	SH		DFND		0	0	854
INTEL CORP	COM	458140100	7,029	135,757	SH		DFND		0	0	135,757
INTERNATIONAL BUSINESS MACHS	COM	459200101	3,521	28,935	SH		DFND		0	0	28,935
INTUIT	COM	461202103	2,149	6,587	SH		DFND		0	0	6,587
INTUITIVE SURGICAL INC	COM NEW	46120E602	5,764	8,123	SH		DFND		0	0	8,123
INVESCO EXCHANGE TRADED FD T	S&P500 EQL WGT	46137V357	3,734	34,536	SH		DFND		0	0	34,536
INVESCO EXCHANGE TRADED FD T	S&P 500 TOP 50	46137V233	422	1,611	SH		DFND		0	0	1,611
INVESCO QQQ TR	UNIT SER 1	46090E103	387	1,393	SH		DFND		0	0	1,393
IONIS PHARMACEUTICALS INC	COM	462222100	257	5,425	SH		DFND		0	0	5,425
ISHARES INC	CORE MSCI EMKT	46434G103	705	13,360	SH		DFND		0	0	13,360
ISHARES TR	CORE S&P SCP ETF	464287804	1,101	15,679	SH		DFND		0	0	15,679
ISHARES TR	MSCI EAFE ETF	464287465	351	5,521	SH		DFND		0	0	5,521
ISHARES TR	SELECT DIVID ETF	464287168	1,235	15,149	SH		DFND		0	0	15,149
ISHARES TR	RUS 1000 ETF	464287622	776	4,148	SH		DFND		0	0	4,148
ISHARES TR	CORE S&P500 ETF	464287200	6,227	18,528	SH		DFND		0	0	18,528
ISHARES TR	GL CLEAN ENE ETF	464288224	305	16,515	SH		DFND		0	0	16,515
ISHARES TR	MSCI ACWI EX US	464288240	380	8,271	SH		DFND		0	0	8,271
ISHARES TR	RUSSELL 2000 ETF	464287655	431	2,879	SH		DFND		0	0	2,879
ISHARES TR	RUS 2000 VAL ETF	464287630	216	2,174	SH		DFND		0	0	2,174
ISHARES TR	FLTG RATE NT ETF	46429B655	417	8,226	SH		DFND		0	0	8,226
ISHARES TR	RUS 2000 GRW ETF	464287648	208	941	SH		DFND		0	0	941
ISHARES TR	RUS 1000 VAL ETF	464287598	1,066	9,027	SH		DFND		0	0	9,027
ISHARES TR	RUS 1000 GRW ETF	464287614	475	2,190	SH		DFND		0	0	2,190
ISHARES TR	CORE US AGGBD ET	464287226	544	4,607	SH		DFND		0	0	4,607
ISHARES TR	U.S. UTILITS ETF	464287697	307	2,100	SH		DFND		0	0	2,100
ISHARES TR	CORE S&P MCP ETF	464287507	1,244	6,714	SH		DFND		0	0	6,714
ISHARES TR	BARCLAYS 7 10 YR	464287440	774	6,353	SH		DFND		0	0	6,353
ISHARES TR	SHRT NAT MUN ETF	464288158	511	4,725	SH		DFND		0	0	4,725
ISHARES TR	ISHS 1-5YR INVS	464288646	231	4,205	SH		DFND		0	0	4,205
ISHARES TR	TIPS BD ETF	464287176	418	3,307	SH		DFND		0	0	3,307
ISHARES TR	20 YR TR BD ETF	464287432	491	3,005	SH		DFND		0	0	3,005
ISHARES TR	MSCI EMG MKT ETF	464287234	260	5,891	SH		DFND		0	0	5,891
ISHARES TR	CORE MSCI TOTAL	46432F834	475	8,135	SH		DFND		0	0	8,135
JACOBS ENGR GROUP INC	COM	469814107	731	7,881	SH		DFND		0	0	7,881
JOHNSON & JOHNSON	COM	478160104	4,122	27,689	SH		DFND		0	0	27,689
JPMORGAN CHASE & CO	COM	46625H100	9,693	100,686	SH		DFND		0	0	100,686
KIMBERLY CLARK CORP	COM	494368103	580	3,931	SH		DFND		0	0	3,931
KRAFT HEINZ CO	COM	500754106	5,460	182,299	SH		DFND		0	0	182,299
L3HARRIS TECHNOLOGIES INC	COM	502431109	332	1,957	SH		DFND		0	0	1,957
LILLY ELI & CO	COM	532457108	411	2,775	SH		DFND		0	0	2,775
LOCKHEED MARTIN CORP	COM	539830109	648	1,691	SH		DFND		0	0	1,691
LOWES COS INC	COM	548661107	667	4,021	SH		DFND		0	0	4,021
M & T BK CORP	COM	55261F104	267	2,901	SH		DFND		0	0	2,901
MARTEN TRANS LTD	COM	573075108	367	22,500	SH		DFND		0	0	22,500
MASIMO CORP	COM	574795100	1,943	8,231	SH		DFND		0	0	8,231
MASTERCARD INCORPORATED	CL A	57636Q104	20,747	61,354	SH		DFND		0	0	61,354
MCCORMICK & CO INC	COM NON VTG	579780206	2,567	13,226	SH		DFND		0	0	13,226
MCDONALDS CORP	COM	580135101	1,388	6,324	SH		DFND		0	0	6,324
MEDTRONIC PLC	SHS	G5960L103	518	4,984	SH		DFND		0	0	4,984
MERCK & CO. INC	COM	58933Y105	4,664	56,227	SH		DFND		0	0	56,227
METLIFE INC	COM	59156R108	1,737	46,723	SH		DFND		0	0	46,723
MICROSOFT CORP	COM	594918104	27,607	131,254	SH		DFND		0	0	131,254
MONDELEZ INTL INC	CL A	609207105	302	5,258	SH		DFND		0	0	5,258
NETFLIX INC	COM	64110L106	201	402	SH		DFND		0	0	402
NEXTERA ENERGY INC	COM	65339F101	704	2,535	SH		DFND		0	0	2,535
NIKE INC	CL B	654106103	382	3,045	SH		DFND		0	0	3,045
NOMAD FOODS LTD	USD ORD SHS	G6564A105	467	18,334	SH		DFND		0	0	18,334
NORFOLK SOUTHN CORP	COM	655844108	1,252	5,852	SH		DFND		0	0	5,852
NORTHROP GRUMMAN CORP	COM	666807102	480	1,520	SH		DFND		0	0	1,520
NOVARTIS AG	SPONSORED ADR	66987V109	231	2,651	SH		DFND		0	0	2,651
NUVEEN AMT FREE QLTY MUN INC	COM	670657105	177	12,359	SH		DFND		0	0	12,359
NUVEEN MARYLAND QLT MUN INC	COM	67061Q107	215	16,310	SH		DFND		0	0	16,310
NVIDIA CORPORATION	COM	67066G104	457	844	SH		DFND		0	0	844
NXP SEMICONDUCTORS N V	COM	N6596X109	342	2,744	SH		DFND		0	0	2,744
NYMOX PHARMACEUTICAL CORP	COM	P73398102	69	28,000	SH		DFND		0	0	28,000
OAKTREE SPECIALTY LENDING CO	COM	67401P108	169	34,871	SH		DFND		0	0	34,871
ONEOK INC NEW	COM	682680103	460	17,690	SH		DFND		0	0	17,690
OTIS WORLDWIDE CORP	COM	68902V107	688	11,024	SH		DFND		0	0	11,024
PAYCHEX INC	COM	704326107	202	2,536	SH		DFND		0	0	2,536
PAYPAL HLDGS INC	COM	70450Y103	17,668	89,673	SH		DFND		0	0	89,673
PEPSICO INC	COM	713448108	930	6,711	SH		DFND		0	0	6,711
PFIZER INC	COM	717081103	2,283	62,214	SH		DFND		0	0	62,214
PHILIP MORRIS INTL INC	COM	718172109	456	6,085	SH		DFND		0	0	6,085
PHILLIPS 66	COM	718546104	939	18,104	SH		DFND		0	0	18,104
PNC FINL SVCS GROUP INC	COM	693475105	322	2,926	SH		DFND		0	0	2,926
PPG INDS INC	COM	693506107	720	5,897	SH		DFND		0	0	5,897
PRICE T ROWE GROUP INC	COM	74144T108	1,120	8,739	SH		DFND		0	0	8,739
PROCTER AND GAMBLE CO	COM	742718109	3,551	25,547	SH		DFND		0	0	25,547
PUBLIC STORAGE	COM	74460D109	272	1,223	SH		DFND		0	0	1,223
QUALCOMM INC	COM	747525103	9,116	77,465	SH		DFND		0	0	77,465
RAYTHEON TECHNOLOGIES CORP	COM	75513E101	3,337	57,996	SH		DFND		0	0	57,996
REGENERON PHARMACEUTICALS	COM	75886F107	800	1,429	SH		DFND		0	0	1,429
ROPER TECHNOLOGIES INC	COM	776696106	731	1,849	SH		DFND		0	0	1,849
ROYAL DUTCH SHELL PLC	SPON ADR B	780259107	396	16,360	SH		DFND		0	0	16,360
SALESFORCE COM INC	COM	79466L302	3,512	13,975	SH		DFND		0	0	13,975
SALIENT MIDSTREAM & MLP FD	SH BEN INT	79471V105	46	13,228	SH		DFND		0	0	13,228
SCHWAB CHARLES CORP	COM	808513105	4,822	133,102	SH		DFND		0	0	133,102
SELECT SECTOR SPDR TR	SBI HEALTHCARE	81369Y209	295	2,800	SH		DFND		0	0	2,800
SELECT SECTOR SPDR TR	SBI INT-FINL	81369Y605	293	12,189	SH		DFND		0	0	12,189
SELECT SECTOR SPDR TR	TECHNOLOGY	81369Y803	603	5,169	SH		DFND		0	0	5,169
SHERWIN WILLIAMS CO	COM	824348106	593	851	SH		DFND		0	0	851
SOUTHERN CO	COM	842587107	236	4,352	SH		DFND		0	0	4,352
SPDR GOLD TR	GOLD SHS	78463V107	758	4,280	SH		DFND		0	0	4,280
SPDR S&P 500 ETF TR	TR UNIT	78462F103	2,666	7,960	SH		DFND		0	0	7,960
SPDR SER TR	S&P DIVID ETF	78464A763	988	10,696	SH		DFND		0	0	10,696
SPDR SER TR	PORTFOLIO SHORT	78464A474	744	23,709	SH		DFND		0	0	23,709
SPDR SER TR	S&P 600 SMCP VAL	78464A300	531	10,600	SH		DFND		0	0	10,600
STARBUCKS CORP	COM	855244109	4,163	48,449	SH		DFND		0	0	48,449
STERICYCLE INC	COM	858912108	469	7,430	SH		DFND		0	0	7,430
STRYKER CORPORATION	COM	863667101	1,295	6,216	SH		DFND		0	0	6,216
SYSCO CORP	COM	871829107	2,681	43,084	SH		DFND		0	0	43,084
TAIWAN SEMICONDUCTOR MFG LTD	SPONSORED ADS	874039100	221	2,731	SH		DFND		0	0	2,731
TELEFLEX INCORPORATED	COM	879369106	289	850	SH		DFND		0	0	850
TEXAS INSTRS INC	COM	882508104	641	4,488	SH		DFND		0	0	4,488
THERMO FISHER SCIENTIFIC INC	COM	883556102	382	865	SH		DFND		0	0	865
TRANE TECHNOLOGIES PLC	SHS	G8994E103	407	3,357	SH		DFND		0	0	3,357
TRUIST FINL CORP	COM	89832Q109	488	12,828	SH		DFND		0	0	12,828
TWITTER INC	COM	90184L102	867	19,488	SH		DFND		0	0	19,488
UNILEVER PLC	SPON ADR NEW	904767704	264	4,279	SH		DFND		0	0	4,279
UNION PAC CORP	COM	907818108	1,357	6,893	SH		DFND		0	0	6,893
UNITED PARCEL SERVICE INC	CL B	911312106	255	1,532	SH		DFND		0	0	1,532
UNITED RENTALS INC	COM	911363109	424	2,428	SH		DFND		0	0	2,428
UNITEDHEALTH GROUP INC	COM	91324P102	1,653	5,302	SH		DFND		0	0	5,302
VALERO ENERGY CORP	COM	91913Y100	240	5,529	SH		DFND		0	0	5,529
VANECK VECTORS ETF TR	GOLD MINERS ETF	92189F106	1,361	34,753	SH		DFND		0	0	34,753
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	863	9,782	SH		DFND		0	0	9,782
VANGUARD INDEX FDS	MID CAP ETF	922908629	427	2,422	SH		DFND		0	0	2,422
VANGUARD INDEX FDS	REAL ESTATE ETF	922908553	214	2,711	SH		DFND		0	0	2,711
VANGUARD INDEX FDS	S&P 500 ETF SHS	922908363	611	1,987	SH		DFND		0	0	1,987
VANGUARD INDEX FDS	SML CP GRW ETF	922908595	225	1,045	SH		DFND		0	0	1,045
VANGUARD SPECIALIZED FUNDS	DIV APP ETF	921908844	716	5,561	SH		DFND		0	0	5,561
VANGUARD WORLD FDS	CONSUM DIS ETF	92204A108	229	974	SH		DFND		0	0	974
VENTAS INC	COM	92276F100	265	6,310	SH		DFND		0	0	6,310
VERIZON COMMUNICATIONS INC	COM	92343V104	2,626	44,140	SH		DFND		0	0	44,140
VISA INC	COM CL A	92826C839	10,667	53,343	SH		DFND		0	0	53,343
VOYA FINANCIAL INC	COM	929089100	1,309	27,320	SH		DFND		0	0	27,320
WALMART INC	COM	931142103	779	5,567	SH		DFND		0	0	5,567
WASTE MGMT INC DEL	COM	94106L109	334	2,951	SH		DFND		0	0	2,951
WEC ENERGY GROUP INC	COM	92939U106	232	2,394	SH		DFND		0	0	2,394
WHEATON PRECIOUS METALS CORP	COM	962879102	270	5,500	SH		DFND		0	0	5,500
WILLIS TOWERS WATSON PLC LTD	SHS	G96629103	378	1,812	SH		DFND		0	0	1,812
WP CAREY INC	COM	92936U109	296	4,535	SH		DFND		0	0	4,535
YUM BRANDS INC	COM	988498101	615	6,731	SH		DFND		0	0	6,731
YUM CHINA HLDGS INC	COM	98850P109	266	5,031	SH		DFND		0	0	5,031