# EDGAR Filing Document

**Accession Number:** 0001071483
**File Stem:** 0001172661-25-003121
**Filing Date:** 2025-8
**Character Count:** 29948
**Document Hash:** 4039c5a001a394005a710779c59286c5
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001172661-25-003121.hdr.sgml**: 20250813

**ACCESSION NUMBER**: 0001172661-25-003121

**CONFORMED SUBMISSION TYPE**: 13F-HR

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250630

**FILED AS OF DATE**: 20250813

**DATE AS OF CHANGE**: 20250813

**EFFECTIVENESS DATE**: 20250813

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** TODD ASSET MANAGEMENT LLC
- **CENTRAL INDEX KEY:** 0001071483

**ORGANIZATION NAME:**
- **EIN:** 611350302
- **STATE OF INCORPORATION:** KY
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-04171
- **FILM NUMBER:** 251209713

**BUSINESS ADDRESS:**
- **STREET 1:** 101 S. 5TH STREET
- **STREET 2:** SUITE 3100
- **CITY:** LOUISVILLE
- **STATE:** KY
- **ZIP:** 40202
- **BUSINESS PHONE:** 5025853121

**MAIL ADDRESS:**
- **STREET 1:** 101 S. 5TH STREET
- **STREET 2:** SUITE 3100
- **CITY:** LOUISVILLE
- **STATE:** KY
- **ZIP:** 40202

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** TODD VEREDUS ASSET MANAGEMENT LLC
- **DATE OF NAME CHANGE:** 20090504

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** VEREDUS ASSET MANAGEMENT LLC
- **DATE OF NAME CHANGE:** 19990503

### FORM 13F COVER PAGE

**Report for the Calendar Year or Quarter Ended:** 06-30-2025

**Check here if Amendment** [ ] **Amendment Number:** 

**This Amendment (Check only one.):** [ ] is a restatement.

[ ] adds new holdings entries.

**Institutional Investment Manager Filing this Report:**

**Name:** TODD ASSET MANAGEMENT LLC<br>**Address:** 101 S. 5th Street<br>Suite 3100<br>Louisville, KY 40202

**Form 13F File Number:** 028-04171

**CRD Number (if applicable):** 000109473

**SEC File Number (if applicable):** 801-55565

The institutional investment manager filing this report and the person by whom it is signed hereby represent that the person signing the report is authorized to submit it, that all information contained herein is true, correct and complete, and that it is understood that all required items, statements, schedules, lists, and tables, are considered integral parts of this form.

**Person Signing this Report on Behalf of Reporting Manager:**

**Name:** James R Jenkins<br>**Title:** CFO<br>**Phone:** 502-585-3121

**Signature, Place, and Date of Signing:**

/s/ James R Jenkins  Louisville, KY  08-13-2025<br>[Signature]  [City, State]  [Date]

**Report Type (Check only one.):**

[x] **13F HOLDINGS REPORT.** (Check here if all holdings of this reporting manager are reported in this report.)

[ ] **13F NOTICE.** (Check here if no holdings are reported in this report, and all holdings are reported by other reporting manager(s).)

[ ] **13F COMBINATION REPORT.** (Check here if a portion of the holdings for this reporting manager are reported in this report and a portion are reported by other reporting manager(s).)

### Form 13F Summary Page

**Report Summary:**

**Number of Other Included Managers:** 0

**Form 13F Information Table Entry Total:** 261

**Form 13F Information Table Value Total:** $4638829584

      (round to nearest dollar)

**List of Other Included Managers:**

Provide a numbered list of the name(s) and Form 13F file number(s) of all institutional investment managers with respect to which this report is filed, other than the manager filing this report.

[If there are no entries in this list, state “NONE” and omit the column headings and list entries.]

**NONE**

### FORM 13F INFORMATION TABLE

---

|  |  |  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| NAME OF ISSUER | TITLE OF CLASS | CUSIP | FIGI | VALUE (x$1000) | SHRS OR PRN AMT | SH/PRN | PUT/CALL | INVESTMENT DISCRETION | OTHER MANAGER | VOTING AUTHORITY | VOTING AUTHORITY | VOTING AUTHORITY |
| NAME OF ISSUER | TITLE OF CLASS | CUSIP | FIGI | VALUE (x$1000) | SHRS OR PRN AMT | SH/PRN | PUT/CALL | INVESTMENT DISCRETION | OTHER MANAGER | SOLE | SHARED | NONE |
| 3M CO | COM | 88579Y101 |  | 1077098 | 7075 | SH |  | SOLE |  | 6275 | 0 | 800 |
| ABBVIE INC | COM | 00287Y109 |  | 646756 | 3484 | SH |  | DFND |  | 3484 | 0 | 0 |
| ABBVIE INC | COM | 00287Y109 |  | 41764871 | 225002 | SH |  | SOLE |  | 27570 | 0 | 197432 |
| ADOBE INC | COM | 00724F101 |  | 25721330 | 66484 | SH |  | SOLE |  | 394 | 0 | 66090 |
| AEGON LTD | AMER REG 1 CERT | 0076CA104 |  | 4384906 | 605650 | SH |  | SOLE |  | 0 | 0 | 605650 |
| AERCAP HOLDINGS NV | SHS | N00985106 |  | 52556166 | 449198 | SH |  | SOLE |  | 126928 | 0 | 322270 |
| AERCAP HOLDINGS NV | SHS | N00985106 |  | 9003796 | 76950 | SH |  | DFND |  | 76849 | 0 | 101 |
| AKAMAI TECHNOLOGIES INC | COM | 00971T101 |  | 20726114 | 259856 | SH |  | SOLE |  | 11920 | 0 | 247936 |
| AKAMAI TECHNOLOGIES INC | COM | 00971T101 |  | 297938 | 3735 | SH |  | DFND |  | 3735 | 0 | 0 |
| ALIBABA GROUP HLDG LTD | SPONSORED ADS | 01609W102 |  | 4773336 | 42082 | SH |  | DFND |  | 42022 | 0 | 60 |
| ALIBABA GROUP HLDG LTD | SPONSORED ADS | 01609W102 |  | 34759371 | 306493 | SH |  | SOLE |  | 79883 | 0 | 226610 |
| ALKERMES PLC | SHS | G01767105 |  | 372359 | 13015 | SH |  | SOLE |  | 13015 | 0 | 0 |
| ALPHABET INC | CAP STK CL A | 02079K305 |  | 35337111 | 200517 | SH |  | SOLE |  | 19266 | 0 | 181251 |
| ALPHABET INC | CAP STK CL A | 02079K305 |  | 454244 | 2577 | SH |  | DFND |  | 2577 | 0 | 0 |
| ALTRIA GROUP INC | COM | 02209S103 |  | 708731 | 12089 | SH |  | DFND |  | 12089 | 0 | 0 |
| ALTRIA GROUP INC | COM | 02209S103 |  | 47232211 | 805597 | SH |  | SOLE |  | 69789 | 0 | 735808 |
| AMDOCS LTD | SHS | G02602103 |  | 6077447 | 66602 | SH |  | DFND |  | 66515 | 0 | 87 |
| AMDOCS LTD | SHS | G02602103 |  | 36426019 | 399233 | SH |  | SOLE |  | 117323 | 0 | 281910 |
| AMERICAN EXPRESS CO | COM | 025816109 |  | 42521948 | 133306 | SH |  | SOLE |  | 13395 | 0 | 119911 |
| AMERICAN EXPRESS CO | COM | 025816109 |  | 628081 | 1968 | SH |  | DFND |  | 1968 | 0 | 0 |
| AMERICAN INTL GROUP INC | COM NEW | 026874784 |  | 24668493 | 288217 | SH |  | SOLE |  | 1727 | 0 | 286490 |
| AMERIPRISE FINL INC | COM | 03076C106 |  | 52479002 | 98325 | SH |  | SOLE |  | 9184 | 0 | 89141 |
| AMERIPRISE FINL INC | COM | 03076C106 |  | 728235 | 1364 | SH |  | DFND |  | 1364 | 0 | 0 |
| AMGEN INC | COM | 031162100 |  | 35794164 | 128198 | SH |  | SOLE |  | 10977 | 0 | 117221 |
| AMGEN INC | COM | 031162100 |  | 598404 | 2143 | SH |  | DFND |  | 2143 | 0 | 0 |
| AON PLC | SHS CL A | G0403H108 |  | 1811 | 5 | SH |  | DFND |  | 5 | 0 | 0 |
| AON PLC | SHS CL A | G0403H108 |  | 323581 | 907 | SH |  | SOLE |  | 0 | 0 | 907 |
| APOLLO GLOBAL MGMT INC | COM | 03769M106 |  | 645642 | 4550 | SH |  | DFND |  | 4550 | 0 | 0 |
| APOLLO GLOBAL MGMT INC | COM | 03769M106 |  | 67312633 | 474467 | SH |  | SOLE |  | 13759 | 0 | 460708 |
| APPLE INC | COM | 037833100 |  | 3501431 | 17066 | SH |  | SOLE |  | 11707 | 0 | 5359 |
| AT INC | COM | 00206R102 |  | 56276260 | 1944584 | SH |  | SOLE |  | 52434 | 0 | 1892150 |
| AT INC | COM | 00206R102 |  | 478342 | 16528 | SH |  | DFND |  | 16528 | 0 | 0 |
| AUTOLIV INC | COM | 052800109 |  | 4644969 | 41510 | SH |  | SOLE |  | 0 | 0 | 41510 |
| AUTOZONE INC | COM | 053332102 |  | 747884 | 201 | SH |  | DFND |  | 201 | 0 | 0 |
| AUTOZONE INC | COM | 053332102 |  | 49907220 | 13444 | SH |  | SOLE |  | 1328 | 0 | 12116 |
| BANCO SANTANDER S.A. | ADR | 05964H105 |  | 10469132 | 1261340 | SH |  | DFND |  | 1259662 | 0 | 1678 |
| BANCO SANTANDER S.A. | ADR | 05964H105 |  | 54830273 | 6606057 | SH |  | SOLE |  | 1939897 | 0 | 4666160 |
| BANK AMERICA CORP | COM | 060505104 |  | 43003138 | 908773 | SH |  | SOLE |  | 73040 | 0 | 835733 |
| BANK AMERICA CORP | COM | 060505104 |  | 607408 | 12836 | SH |  | DFND |  | 12836 | 0 | 0 |
| BANK NEW YORK MELLON CORP | COM | 064058100 |  | 10704514 | 117490 | SH |  | SOLE |  | 5127 | 0 | 112363 |
| BANK NEW YORK MELLON CORP | COM | 064058100 |  | 167897 | 1842 | SH |  | DFND |  | 1842 | 0 | 0 |
| BANK NOVA SCOTIA HALIFAX | COM | 064149107 |  | 1040955 | 18834 | SH |  | SOLE |  | 18834 | 0 | 0 |
| BARCLAYS PLC | ADR | 06738E204 |  | 9292148 | 499843 | SH |  | DFND |  | 499191 | 0 | 652 |
| BARCLAYS PLC | ADR | 06738E204 |  | 53570654 | 2881692 | SH |  | SOLE |  | 772352 | 0 | 2109340 |
| BEST BUY INC | COM | 086516101 |  | 23618616 | 351834 | SH |  | SOLE |  | 13854 | 0 | 337980 |
| BLACKROCK INC | COM | 09290D101 |  | 554004 | 528 | SH |  | SOLE |  | 318 | 0 | 210 |
| BOOKING HOLDINGS INC | COM | 09857L108 |  | 76203766 | 13163 | SH |  | SOLE |  | 384 | 0 | 12779 |
| BOOKING HOLDINGS INC | COM | 09857L108 |  | 683188 | 117 | SH |  | DFND |  | 117 | 0 | 0 |
| BORGWARNER INC | COM | 099724106 |  | 32134874 | 959823 | SH |  | SOLE |  | 45259 | 0 | 914564 |
| BORGWARNER INC | COM | 099724106 |  | 528936 | 15798 | SH |  | DFND |  | 15798 | 0 | 0 |
| BP PLC | SPONSORED ADR | 055622104 |  | 3969616 | 132630 | SH |  | SOLE |  | 0 | 0 | 132630 |
| BP PLC | SPONSORED ADR | 055622104 |  | 500 | 16 | SH |  | DFND |  | 16 | 0 | 0 |
| BRISTOL-MYERS SQUIBB CO | COM | 110122108 |  | 269639 | 5825 | SH |  | SOLE |  | 5825 | 0 | 0 |
| BRITISH AMERN TOB PLC | SPONSORED ADR | 110448107 |  | 7054265 | 149038 | SH |  | DFND |  | 148846 | 0 | 192 |
| BRITISH AMERN TOB PLC | SPONSORED ADR | 110448107 |  | 33156748 | 700544 | SH |  | SOLE |  | 69314 | 0 | 631230 |
| BROADCOM INC | COM | 11135F101 |  | 66896672 | 242687 | SH |  | SOLE |  | 51815 | 0 | 190872 |
| BROADCOM INC | COM | 11135F101 |  | 859833 | 3119 | SH |  | DFND |  | 3119 | 0 | 0 |
| CARRIER GLOBAL CORPORATION | COM | 14448C104 |  | 277024 | 3785 | SH |  | SOLE |  | 843 | 0 | 2942 |
| CDW CORP | COM | 12514G108 |  | 15031920 | 84170 | SH |  | SOLE |  | 3714 | 0 | 80456 |
| CDW CORP | COM | 12514G108 |  | 237020 | 1327 | SH |  | DFND |  | 1327 | 0 | 0 |
| CHEVRON CORP NEW | COM | 166764100 |  | 2168899 | 15147 | SH |  | SOLE |  | 13757 | 0 | 1390 |
| CHUBB LIMITED | COM | H1467J104 |  | 69129799 | 238609 | SH |  | SOLE |  | 41283 | 0 | 197326 |
| CHUBB LIMITED | COM | H1467J104 |  | 6494498 | 22409 | SH |  | DFND |  | 22382 | 0 | 27 |
| CISCO SYS INC | COM | 17275R102 |  | 459712 | 6626 | SH |  | SOLE |  | 336 | 0 | 6290 |
| CITIZENS FINL GROUP INC | COM | 174610105 |  | 486249 | 10865 | SH |  | DFND |  | 10865 | 0 | 0 |
| CITIZENS FINL GROUP INC | COM | 174610105 |  | 36850417 | 823473 | SH |  | SOLE |  | 98940 | 0 | 724533 |
| COGNIZANT TECHNOLOGY SOLUTIO | CL A | 192446102 |  | 526478 | 6747 | SH |  | DFND |  | 6747 | 0 | 0 |
| COGNIZANT TECHNOLOGY SOLUTIO | CL A | 192446102 |  | 34084986 | 436819 | SH |  | SOLE |  | 21343 | 0 | 415476 |
| CONOCOPHILLIPS | COM | 20825C104 |  | 1050855 | 11710 | SH |  | SOLE |  | 10260 | 0 | 1450 |
| CRH PLC | ORD | G25508105 |  | 42251685 | 460258 | SH |  | SOLE |  | 135018 | 0 | 325240 |
| CRH PLC | ORD | G25508105 |  | 7108053 | 77422 | SH |  | DFND |  | 77326 | 0 | 96 |
| CUMMINS INC | COM | 231021106 |  | 44784643 | 136747 | SH |  | SOLE |  | 8199 | 0 | 128548 |
| CUMMINS INC | COM | 231021106 |  | 681631 | 2081 | SH |  | DFND |  | 2081 | 0 | 0 |
| DELL TECHNOLOGIES INC | CL C | 24703L202 |  | 742907 | 6059 | SH |  | DFND |  | 6059 | 0 | 0 |
| DELL TECHNOLOGIES INC | CL C | 24703L202 |  | 48542244 | 395940 | SH |  | SOLE |  | 26375 | 0 | 369565 |
| DICKS SPORTING GOODS INC | COM | 253393102 |  | 37111134 | 187610 | SH |  | SOLE |  | 8970 | 0 | 178640 |
| DICKS SPORTING GOODS INC | COM | 253393102 |  | 544451 | 2752 | SH |  | DFND |  | 2752 | 0 | 0 |
| DIGITAL RLTY TR INC | COM | 253868103 |  | 15527922 | 89072 | SH |  | SOLE |  | 7132 | 0 | 81940 |
| DIGITAL RLTY TR INC | COM | 253868103 |  | 243985 | 1399 | SH |  | DFND |  | 1399 | 0 | 0 |
| EASTMAN CHEM CO | COM | 277432100 |  | 477904 | 6401 | SH |  | DFND |  | 6401 | 0 | 0 |
| EASTMAN CHEM CO | COM | 277432100 |  | 31606490 | 423339 | SH |  | SOLE |  | 25794 | 0 | 397545 |
| EATON VANCE MUN BD FD | COM | 27827X101 |  | 220756 | 22829 | SH |  | SOLE |  | 22829 | 0 | 0 |
| ELEVANCE HEALTH INC | COM | 036752103 |  | 1237671 | 3182 | SH |  | SOLE |  | 2165 | 0 | 1017 |
| EMBRAER S.A. | SPONSORED ADS | 29082A107 |  | 4851008 | 85240 | SH |  | SOLE |  | 0 | 0 | 85240 |
| EMERSON ELEC CO | COM | 291011104 |  | 389057 | 2918 | SH |  | SOLE |  | 0 | 0 | 2918 |
| EQUINOR ASA | SPONSORED ADR | 29446M102 |  | 400832 | 15944 | SH |  | SOLE |  | 15944 | 0 | 0 |
| EQUINOR ASA | SPONSORED ADR | 29446M102 |  | 1332 | 53 | SH |  | DFND |  | 53 | 0 | 0 |
| EXPEDIA GROUP INC | COM NEW | 30212P303 |  | 25652348 | 152077 | SH |  | SOLE |  | 547 | 0 | 151530 |
| EXXON MOBIL CORP | COM | 30231G102 |  | 2060813 | 19117 | SH |  | SOLE |  | 14749 | 0 | 4368 |
| FIFTH THIRD BANCORP | COM | 316773100 |  | 673976 | 16386 | SH |  | DFND |  | 16386 | 0 | 0 |
| FIFTH THIRD BANCORP | COM | 316773100 |  | 43184772 | 1049958 | SH |  | SOLE |  | 70318 | 0 | 979640 |
| FIRST SOLAR INC | COM | 336433107 |  | 25839470 | 156092 | SH |  | SOLE |  | 7154 | 0 | 148938 |
| FIRST SOLAR INC | COM | 336433107 |  | 408522 | 2467 | SH |  | DFND |  | 2467 | 0 | 0 |
| FISERV INC | COM | 337738108 |  | 59391797 | 344480 | SH |  | SOLE |  | 15219 | 0 | 329261 |
| FISERV INC | COM | 337738108 |  | 569342 | 3302 | SH |  | DFND |  | 3302 | 0 | 0 |
| FLEX LTD | ORD | Y2573F102 |  | 1274557 | 25532 | SH |  | SOLE |  | 25532 | 0 | 0 |
| FOX CORP | CL A COM | 35137L105 |  | 25214189 | 449932 | SH |  | SOLE |  | 1632 | 0 | 448300 |
| FRESENIUS MEDICAL CARE AG | SPONSORED ADR | 358029106 |  | 4946540 | 173131 | SH |  | DFND |  | 172901 | 0 | 230 |
| FRESENIUS MEDICAL CARE AG | SPONSORED ADR | 358029106 |  | 30455106 | 1065982 | SH |  | SOLE |  | 312482 | 0 | 753500 |
| GE HEALTHCARE TECHNOLOGIES I | COMMON STOCK | 36266G107 |  | 28810564 | 388964 | SH |  | SOLE |  | 25839 | 0 | 363125 |
| GE HEALTHCARE TECHNOLOGIES I | COMMON STOCK | 36266G107 |  | 358084 | 4834 | SH |  | DFND |  | 4834 | 0 | 0 |
| GEN DIGITAL INC | COM | 668771108 |  | 33917163 | 1153645 | SH |  | SOLE |  | 56021 | 0 | 1097624 |
| GEN DIGITAL INC | COM | 668771108 |  | 488972 | 16631 | SH |  | DFND |  | 16631 | 0 | 0 |
| GENERAL MLS INC | COM | 370334104 |  | 1262351 | 24365 | SH |  | SOLE |  | 17560 | 0 | 6805 |
| GENERAL MTRS CO | COM | 37045V100 |  | 26405249 | 536583 | SH |  | SOLE |  | 3193 | 0 | 533390 |
| GILEAD SCIENCES INC | COM | 375558103 |  | 65576057 | 591468 | SH |  | SOLE |  | 30788 | 0 | 560680 |
| GILEAD SCIENCES INC | COM | 375558103 |  | 610786 | 5508 | SH |  | DFND |  | 5508 | 0 | 0 |
| HCA HEALTHCARE INC | COM | 40412C101 |  | 720864 | 1881 | SH |  | DFND |  | 1881 | 0 | 0 |
| HCA HEALTHCARE INC | COM | 40412C101 |  | 46415630 | 121158 | SH |  | SOLE |  | 5847 | 0 | 115311 |
| HDFC BANK LTD | SPONSORED ADS | 40415F101 |  | 25568218 | 333484 | SH |  | SOLE |  | 97304 | 0 | 236180 |
| HDFC BANK LTD | SPONSORED ADS | 40415F101 |  | 4027692 | 52527 | SH |  | DFND |  | 52465 | 0 | 62 |
| HOME DEPOT INC | COM | 437076102 |  | 1932559 | 5271 | SH |  | SOLE |  | 3264 | 0 | 2007 |
| HUNTINGTON BANCSHARES INC | COM | 446150104 |  | 1012416 | 53301 | SH |  | SOLE |  | 53301 | 0 | 0 |
| HUNTINGTON INGALLS INDS INC | COM | 446413106 |  | 404730 | 1676 | SH |  | DFND |  | 1676 | 0 | 0 |
| HUNTINGTON INGALLS INDS INC | COM | 446413106 |  | 24956098 | 103355 | SH |  | SOLE |  | 4461 | 0 | 98894 |
| IAMGOLD CORP | COM | 450913108 |  | 3362772 | 457520 | SH |  | SOLE |  | 0 | 0 | 457520 |
| ILLINOIS TOOL WKS INC | COM | 452308109 |  | 781063 | 3159 | SH |  | SOLE |  | 2700 | 0 | 459 |
| INCYTE CORP | COM | 45337C102 |  | 28225884 | 414477 | SH |  | SOLE |  | 2477 | 0 | 412000 |
| ING GROEP N.V. | SPONSORED ADR | 456837103 |  | 52425605 | 2397147 | SH |  | SOLE |  | 628897 | 0 | 1768250 |
| ING GROEP N.V. | SPONSORED ADR | 456837103 |  | 8127349 | 371617 | SH |  | DFND |  | 371156 | 0 | 461 |
| INTERNATIONAL BUSINESS MACHS | COM | 459200101 |  | 631292 | 2141 | SH |  | DFND |  | 2141 | 0 | 0 |
| INTERNATIONAL BUSINESS MACHS | COM | 459200101 |  | 41383869 | 140389 | SH |  | SOLE |  | 10335 | 0 | 130054 |
| INTERPUBLIC GROUP COS INC | COM | 460690100 |  | 23335364 | 953242 | SH |  | SOLE |  | 3422 | 0 | 949820 |
| IQVIA HLDGS INC | COM | 46266C105 |  | 820729 | 5208 | SH |  | SOLE |  | 4807 | 0 | 401 |
| ISHARES TR | MSCI ACWI EX US | 464288240 |  | 1370091 | 22481 | SH |  | DFND |  | 22481 | 0 | 0 |
| ISHARES TR | TIPS BD ETF | 464287176 |  | 226682 | 2060 | SH |  | SOLE |  | 2060 | 0 | 0 |
| ITAU UNIBANCO HLDG S A | SPON ADR REP PFD | 465562106 |  | 33549084 | 4940955 | SH |  | SOLE |  | 1501816 | 0 | 3439139 |
| ITAU UNIBANCO HLDG S A | SPON ADR REP PFD | 465562106 |  | 6182669 | 910554 | SH |  | DFND |  | 909312 | 0 | 1242 |
| JABIL INC | COM | 466313103 |  | 755790 | 3465 | SH |  | DFND |  | 3465 | 0 | 0 |
| JABIL INC | COM | 466313103 |  | 93228154 | 427456 | SH |  | SOLE |  | 15747 | 0 | 411709 |
| JACOBS SOLUTIONS INC | COM | 46982L108 |  | 40106841 | 305111 | SH |  | SOLE |  | 24527 | 0 | 280584 |
| JACOBS SOLUTIONS INC | COM | 46982L108 |  | 595533 | 4530 | SH |  | DFND |  | 4530 | 0 | 0 |
| JD.COM INC | SPON ADS CL A | 47215P106 |  | 4032276 | 123531 | SH |  | DFND |  | 123372 | 0 | 159 |
| JD.COM INC | SPON ADS CL A | 47215P106 |  | 29629514 | 907767 | SH |  | SOLE |  | 236107 | 0 | 671660 |
| JOHNSON  JOHNSON | COM | 478160104 |  | 502242 | 3288 | SH |  | SOLE |  | 800 | 0 | 2488 |
| JOHNSON CTLS INTL PLC | SHS | G51502105 |  | 527255 | 4992 | SH |  | SOLE |  | 4992 | 0 | 0 |
| JPMORGAN CHASE  CO. | COM | 46625H100 |  | 987898 | 3407 | SH |  | DFND |  | 3407 | 0 | 0 |
| JPMORGAN CHASE  CO. | COM | 46625H100 |  | 70932860 | 244672 | SH |  | SOLE |  | 19831 | 0 | 224841 |
| KB FINL GROUP INC | SPONSORED ADR | 48241A105 |  | 6302151 | 76299 | SH |  | DFND |  | 76202 | 0 | 97 |
| KB FINL GROUP INC | SPONSORED ADR | 48241A105 |  | 37370984 | 452488 | SH |  | SOLE |  | 131988 | 0 | 320500 |
| KINROSS GOLD CORP | COM | 496902404 |  | 3781522 | 241940 | SH |  | SOLE |  | 0 | 0 | 241940 |
| KLA CORP | COM NEW | 482480100 |  | 40439974 | 45147 | SH |  | SOLE |  | 3094 | 0 | 42053 |
| KLA CORP | COM NEW | 482480100 |  | 620258 | 692 | SH |  | DFND |  | 692 | 0 | 0 |
| KONINKLIJKE PHILIPS N V | NY REGIS SHS NEW | 500472303 |  | 578589 | 24128 | SH |  | SOLE |  | 24128 | 0 | 0 |
| KROGER CO | COM | 501044101 |  | 612325 | 8536 | SH |  | DFND |  | 8536 | 0 | 0 |
| KROGER CO | COM | 501044101 |  | 66700078 | 929877 | SH |  | SOLE |  | 33768 | 0 | 896109 |
| KT CORP | SPONSORED ADR | 48268K101 |  | 4379385 | 210750 | SH |  | SOLE |  | 0 | 0 | 210750 |
| LINCOLN NATL CORP IND | COM | 534187109 |  | 1333968 | 38554 | SH |  | SOLE |  | 38554 | 0 | 0 |
| LOGITECH INTL S A | SHS | H50430232 |  | 4687661 | 52010 | SH |  | SOLE |  | 0 | 0 | 52010 |
| MANULIFE FINL CORP | COM | 56501R106 |  | 5161384 | 161489 | SH |  | DFND |  | 161273 | 0 | 216 |
| MANULIFE FINL CORP | COM | 56501R106 |  | 36744444 | 1149701 | SH |  | SOLE |  | 326491 | 0 | 823210 |
| MARATHON PETE CORP | COM | 56585A102 |  | 322420 | 1941 | SH |  | SOLE |  | 1941 | 0 | 0 |
| MASCO CORP | COM | 574599106 |  | 53186589 | 826392 | SH |  | SOLE |  | 24462 | 0 | 801930 |
| MASCO CORP | COM | 574599106 |  | 479964 | 7457 | SH |  | DFND |  | 7457 | 0 | 0 |
| MCDONALDS CORP | COM | 580135101 |  | 1258668 | 4308 | SH |  | SOLE |  | 2557 | 0 | 1751 |
| MCKESSON CORP | COM | 58155Q103 |  | 618687 | 844 | SH |  | DFND |  | 844 | 0 | 0 |
| MCKESSON CORP | COM | 58155Q103 |  | 40576960 | 55374 | SH |  | SOLE |  | 2390 | 0 | 52984 |
| MEDTRONIC PLC | SHS | G5960L103 |  | 32695550 | 375078 | SH |  | SOLE |  | 70044 | 0 | 305034 |
| MEDTRONIC PLC | SHS | G5960L103 |  | 2845639 | 32638 | SH |  | DFND |  | 32600 | 0 | 38 |
| MGM RESORTS INTERNATIONAL | COM | 552953101 |  | 29440832 | 856087 | SH |  | SOLE |  | 5057 | 0 | 851030 |
| MICROSOFT CORP | COM | 594918104 |  | 5711759 | 11483 | SH |  | SOLE |  | 8156 | 0 | 3327 |
| MITSUBISHI UFJ FINL GROUP IN | SPONSORED ADS | 606822104 |  | 47923261 | 3492949 | SH |  | SOLE |  | 983239 | 0 | 2509710 |
| MITSUBISHI UFJ FINL GROUP IN | SPONSORED ADS | 606822104 |  | 8316535 | 606161 | SH |  | DFND |  | 605387 | 0 | 774 |
| MORGAN STANLEY | COM NEW | 617446448 |  | 53120700 | 377117 | SH |  | SOLE |  | 31715 | 0 | 345402 |
| MORGAN STANLEY | COM NEW | 617446448 |  | 781209 | 5546 | SH |  | DFND |  | 5546 | 0 | 0 |
| NATIONAL GRID PLC | SPONSORED ADR NE | 636274409 |  | 344221 | 4626 | SH |  | SOLE |  | 4626 | 0 | 0 |
| NATWEST GROUP PLC | SPONS ADR | 639057207 |  | 49872439 | 3524554 | SH |  | SOLE |  | 924063 | 0 | 2600491 |
| NATWEST GROUP PLC | SPONS ADR | 639057207 |  | 7661433 | 541441 | SH |  | DFND |  | 540755 | 0 | 686 |
| NETAPP INC | COM | 64110D104 |  | 30171444 | 283167 | SH |  | SOLE |  | 1037 | 0 | 282130 |
| NETEASE INC | SPONSORED ADS | 64110W102 |  | 6489402 | 48213 | SH |  | DFND |  | 48150 | 0 | 63 |
| NETEASE INC | SPONSORED ADS | 64110W102 |  | 36910988 | 274268 | SH |  | SOLE |  | 79568 | 0 | 194700 |
| NETFLIX INC | COM | 64110L106 |  | 36465849 | 27231 | SH |  | SOLE |  | 161 | 0 | 27070 |
| NOVARTIS AG | SPONSORED ADR | 66987V109 |  | 7416482 | 61281 | SH |  | DFND |  | 61202 | 0 | 79 |
| NOVARTIS AG | SPONSORED ADR | 66987V109 |  | 42912566 | 354620 | SH |  | SOLE |  | 100770 | 0 | 253850 |
| NOVO-NORDISK A S | ADR | 670100205 |  | 3985215 | 57740 | SH |  | SOLE |  | 0 | 0 | 57740 |
| NRG ENERGY INC | COM NEW | 629377508 |  | 41769267 | 260115 | SH |  | SOLE |  | 945 | 0 | 259170 |
| NVIDIA CORPORATION | COM | 67066G104 |  | 5056 | 32 | SH |  | DFND |  | 32 | 0 | 0 |
| NVIDIA CORPORATION | COM | 67066G104 |  | 4455318 | 28200 | SH |  | SOLE |  | 0 | 0 | 28200 |
| NVR INC | COM | 62944T105 |  | 17223360 | 2332 | SH |  | SOLE |  | 335 | 0 | 1997 |
| NXP SEMICONDUCTORS N V | COM | N6596X109 |  | 5323979 | 24360 | SH |  | DFND |  | 24331 | 0 | 29 |
| NXP SEMICONDUCTORS N V | COM | N6596X109 |  | 50794556 | 232480 | SH |  | SOLE |  | 41349 | 0 | 191131 |
| OMEGA HEALTHCARE INVS INC | COM | 681936100 |  | 1056876 | 28837 | SH |  | SOLE |  | 28837 | 0 | 0 |
| ON SEMICONDUCTOR CORP | COM | 682189105 |  | 1659301 | 31660 | SH |  | SOLE |  | 24089 | 0 | 7571 |
| ONEOK INC NEW | COM | 682680103 |  | 56415064 | 691107 | SH |  | SOLE |  | 38274 | 0 | 652833 |
| ONEOK INC NEW | COM | 682680103 |  | 551136 | 6751 | SH |  | DFND |  | 6751 | 0 | 0 |
| ORACLE CORP | COM | 68389X105 |  | 43864611 | 200634 | SH |  | SOLE |  | 9924 | 0 | 190710 |
| ORACLE CORP | COM | 68389X105 |  | 689255 | 3152 | SH |  | DFND |  | 3152 | 0 | 0 |
| ORIX CORP | SPONSORED ADR | 686330101 |  | 33511426 | 1488074 | SH |  | SOLE |  | 429174 | 0 | 1058900 |
| ORIX CORP | SPONSORED ADR | 686330101 |  | 5700011 | 253103 | SH |  | DFND |  | 252772 | 0 | 331 |
| PARKER-HANNIFIN CORP | COM | 701094104 |  | 46062001 | 65947 | SH |  | SOLE |  | 6764 | 0 | 59183 |
| PARKER-HANNIFIN CORP | COM | 701094104 |  | 697728 | 998 | SH |  | DFND |  | 998 | 0 | 0 |
| PDD HOLDINGS INC | SPONSORED ADS | 722304102 |  | 3129865 | 29897 | SH |  | DFND |  | 29853 | 0 | 44 |
| PDD HOLDINGS INC | SPONSORED ADS | 722304102 |  | 23982944 | 229151 | SH |  | SOLE |  | 54991 | 0 | 174160 |
| PETROLEO BRASILEIRO SA PETRO | SPONSORED ADR | 71654V408 |  | 5359740 | 428433 | SH |  | DFND |  | 427862 | 0 | 571 |
| PETROLEO BRASILEIRO SA PETRO | SPONSORED ADR | 71654V408 |  | 32038273 | 2561013 | SH |  | SOLE |  | 743283 | 0 | 1817730 |
| PFIZER INC | COM | 717081103 |  | 670309 | 27653 | SH |  | SOLE |  | 27653 | 0 | 0 |
| PHILIP MORRIS INTL INC | COM | 718172109 |  | 3093114 | 16983 | SH |  | SOLE |  | 13714 | 0 | 3269 |
| PHILLIPS 66 | COM | 718546104 |  | 25530200 | 214000 | SH |  | SOLE |  | 9179 | 0 | 204821 |
| PROCTER AND GAMBLE CO | COM | 742718109 |  | 438767 | 2754 | SH |  | SOLE |  | 0 | 0 | 2754 |
| PROGRESSIVE CORP | COM | 743315103 |  | 661663 | 2479 | SH |  | DFND |  | 2479 | 0 | 0 |
| PROGRESSIVE CORP | COM | 743315103 |  | 40559251 | 151987 | SH |  | SOLE |  | 14265 | 0 | 137722 |
| PULTE GROUP INC | COM | 745867101 |  | 2471771 | 23438 | SH |  | SOLE |  | 21209 | 0 | 2229 |
| QUALCOMM INC | COM | 747525103 |  | 711275 | 4466 | SH |  | DFND |  | 4466 | 0 | 0 |
| QUALCOMM INC | COM | 747525103 |  | 75446718 | 473733 | SH |  | SOLE |  | 15176 | 0 | 458557 |
| QUANTA SVCS INC | COM | 74762E102 |  | 210212 | 556 | SH |  | SOLE |  | 0 | 0 | 556 |
| RALPH LAUREN CORP | CL A | 751212101 |  | 30791496 | 112263 | SH |  | SOLE |  | 663 | 0 | 111600 |
| RIO TINTO PLC | SPONSORED ADR | 767204100 |  | 57548378 | 986600 | SH |  | SOLE |  | 172144 | 0 | 814456 |
| RIO TINTO PLC | SPONSORED ADR | 767204100 |  | 4779748 | 81936 | SH |  | DFND |  | 81844 | 0 | 92 |
| ROSS STORES INC | COM | 778296103 |  | 452144 | 3544 | SH |  | SOLE |  | 0 | 0 | 3544 |
| ROYAL CARIBBEAN GROUP | COM | V7780T103 |  | 38861300 | 124102 | SH |  | SOLE |  | 742 | 0 | 123360 |
| RTX CORPORATION | COM | 75513E101 |  | 552686 | 3785 | SH |  | SOLE |  | 843 | 0 | 2942 |
| SANOFI | SPONSORED ADR | 80105N105 |  | 4913528 | 101701 | SH |  | DFND |  | 101567 | 0 | 134 |
| SANOFI | SPONSORED ADR | 80105N105 |  | 27419065 | 567565 | SH |  | SOLE |  | 158275 | 0 | 409290 |
| SEMPRA | COM | 816851109 |  | 311385 | 4109 | SH |  | DFND |  | 4109 | 0 | 0 |
| SEMPRA | COM | 816851109 |  | 18846348 | 248731 | SH |  | SOLE |  | 18607 | 0 | 230124 |
| SHELL PLC | SPON ADS | 780259305 |  | 78215723 | 1110861 | SH |  | SOLE |  | 196761 | 0 | 914100 |
| SHELL PLC | SPON ADS | 780259305 |  | 6979853 | 99125 | SH |  | DFND |  | 99007 | 0 | 118 |
| SK TELECOM CO LTD | SPONSORED ADR | 78440P306 |  | 3824730 | 163800 | SH |  | SOLE |  | 0 | 0 | 163800 |
| SKECHERS U S A INC | CL A | 830566105 |  | 28144809 | 446035 | SH |  | SOLE |  | 22186 | 0 | 423849 |
| SKECHERS U S A INC | CL A | 830566105 |  | 437509 | 6933 | SH |  | DFND |  | 6933 | 0 | 0 |
| SONY GROUP CORP | SPONSORED ADR | 835699307 |  | 4337805 | 166641 | SH |  | DFND |  | 166437 | 0 | 204 |
| SONY GROUP CORP | SPONSORED ADR | 835699307 |  | 25082872 | 963614 | SH |  | SOLE |  | 277014 | 0 | 686600 |
| SPDR S 500 ETF TR | TR UNIT | 78462F103 |  | 1844282 | 2985 | SH |  | SOLE |  | 2985 | 0 | 0 |
| STATE STR CORP | COM | 857477103 |  | 30301051 | 284945 | SH |  | SOLE |  | 1145 | 0 | 283800 |
| STOCK YDS BANCORP INC | COM | 861025104 |  | 277852 | 3518 | SH |  | SOLE |  | 3518 | 0 | 0 |
| STRYKER CORPORATION | COM | 863667101 |  | 215618 | 545 | SH |  | SOLE |  | 0 | 0 | 545 |
| SUN LIFE FINANCIAL INC. | COM | 866796105 |  | 5850955 | 88045 | SH |  | DFND |  | 87931 | 0 | 114 |
| SUN LIFE FINANCIAL INC. | COM | 866796105 |  | 36366158 | 547271 | SH |  | SOLE |  | 173071 | 0 | 374200 |
| SYNCHRONY FINANCIAL | COM | 87165B103 |  | 32032130 | 479954 | SH |  | SOLE |  | 1744 | 0 | 478210 |
| TAIWAN SEMICONDUCTOR MFG LTD | SPONSORED ADS | 874039100 |  | 38266617 | 168955 | SH |  | SOLE |  | 49175 | 0 | 119780 |
| TAIWAN SEMICONDUCTOR MFG LTD | SPONSORED ADS | 874039100 |  | 6504919 | 28716 | SH |  | DFND |  | 28681 | 0 | 35 |
| TAPESTRY INC | COM | 876030107 |  | 743472 | 8466 | SH |  | DFND |  | 8466 | 0 | 0 |
| TAPESTRY INC | COM | 876030107 |  | 48460144 | 551875 | SH |  | SOLE |  | 34784 | 0 | 517091 |
| TE CONNECTIVITY PLC | ORD SHS | G87052109 |  | 1882357 | 11160 | SH |  | SOLE |  | 7811 | 0 | 3349 |
| TEVA PHARMACEUTICAL INDS LTD | SPONSORED ADS | 881624209 |  | 5527628 | 329805 | SH |  | DFND |  | 329420 | 0 | 385 |
| TEVA PHARMACEUTICAL INDS LTD | SPONSORED ADS | 881624209 |  | 60240720 | 3594315 | SH |  | SOLE |  | 596534 | 0 | 2997781 |
| TEXAS ROADHOUSE INC | COM | 882681109 |  | 2401097 | 12812 | SH |  | SOLE |  | 12812 | 0 | 0 |
| TEXTRON INC | COM | 883203101 |  | 22655750 | 282174 | SH |  | SOLE |  | 12427 | 0 | 269747 |
| TEXTRON INC | COM | 883203101 |  | 354455 | 4414 | SH |  | DFND |  | 4414 | 0 | 0 |
| T-MOBILE US INC | COM | 872590104 |  | 22767649 | 95558 | SH |  | SOLE |  | 568 | 0 | 94990 |
| TOTALENERGIES SE | SPONSORED ADS | 89151E109 |  | 67498919 | 1099510 | SH |  | SOLE |  | 193129 | 0 | 906381 |
| TOTALENERGIES SE | SPONSORED ADS | 89151E109 |  | 4985370 | 81201 | SH |  | DFND |  | 81111 | 0 | 90 |
| TRUIST FINL CORP | COM | 89832Q109 |  | 816208 | 18986 | SH |  | SOLE |  | 18986 | 0 | 0 |
| UNILEVER PLC | SPON ADR NEW | 904767704 |  | 8303950 | 135752 | SH |  | SOLE |  | 135752 | 0 | 0 |
| UNION PAC CORP | COM | 907818108 |  | 1128542 | 4905 | SH |  | SOLE |  | 4176 | 0 | 729 |
| UNITED AIRLS HLDGS INC | COM | 910047109 |  | 30510314 | 383151 | SH |  | SOLE |  | 1371 | 0 | 381780 |
| UNITED RENTALS INC | COM | 911363109 |  | 48892647 | 64896 | SH |  | SOLE |  | 8254 | 0 | 56642 |
| UNITED RENTALS INC | COM | 911363109 |  | 686142 | 910 | SH |  | DFND |  | 910 | 0 | 0 |
| UNITEDHEALTH GROUP INC | COM | 91324P102 |  | 823913 | 2641 | SH |  | SOLE |  | 2641 | 0 | 0 |
| VALE S A | SPONSORED ADS | 91912E105 |  | 24516770 | 2524899 | SH |  | SOLE |  | 377206 | 0 | 2147693 |
| VALE S A | SPONSORED ADS | 91912E105 |  | 2035388 | 209611 | SH |  | DFND |  | 209365 | 0 | 246 |
| VANGUARD BD INDEX FDS | SHORT TRM BOND | 921937827 |  | 408610 | 5192 | SH |  | SOLE |  | 5192 | 0 | 0 |
| VERIZON COMMUNICATIONS INC | COM | 92343V104 |  | 463133 | 10703 | SH |  | DFND |  | 10703 | 0 | 0 |
| VERIZON COMMUNICATIONS INC | COM | 92343V104 |  | 29849334 | 689839 | SH |  | SOLE |  | 50413 | 0 | 639426 |
| VIPSHOP HLDGS LTD | SPONSORED ADS A | 92763W103 |  | 25062780 | 1665301 | SH |  | SOLE |  | 398181 | 0 | 1267120 |
| VIPSHOP HLDGS LTD | SPONSORED ADS A | 92763W103 |  | 3681622 | 244620 | SH |  | DFND |  | 244280 | 0 | 340 |
| WELLS FARGO CO NEW | COM | 949746101 |  | 28505574 | 355786 | SH |  | SOLE |  | 2126 | 0 | 353660 |
| YUM CHINA HLDGS INC | COM | 98850P109 |  | 4687306 | 104831 | SH |  | DFND |  | 104684 | 0 | 147 |
| YUM CHINA HLDGS INC | COM | 98850P109 |  | 30858663 | 690196 | SH |  | SOLE |  | 202496 | 0 | 487700 |
| ZTO EXPRESS CAYMAN INC | SPONSORED ADS A | 98980A105 |  | 20702731 | 1166351 | SH |  | SOLE |  | 339501 | 0 | 826850 |
| ZTO EXPRESS CAYMAN INC | SPONSORED ADS A | 98980A105 |  | 3338930 | 188102 | SH |  | DFND |  | 187841 | 0 | 261 |

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