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
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
ABBOTT LABORATORIES COM 002824100 998 23,865 SH   DFND 1 23,865 0 0
ABBVIE INC COM 00287Y109 4,155 72,742 SH   DFND 1 72,742 0 0
ACCENTURE PLC-CL A COM G1151C101 3,266 28,305 SH   DFND 1 28,305 0 0
ADVANCED ENVIRONMENTAL RECYCLING COM 007947104 2 29,500 SH   DFND 1 29,500 0 0
AGILENT TECHNOLOGIES INC COM 00846U101 73,299 1,839,373 SH   DFND 1 1,839,373 0 0
ALEXANDRIA REAL ESTATE EQUIT COM 015271109 52,576 578,455 SH   DFND 1 578,455 0 0
ALLIANCEBERNSTEIN HOLDING LP COM 01881G106 12,169 519,383 SH   DFND 1 519,383 0 0
ALLIANT ENERGY CORP COM 018802108 108,058 1,454,733 SH   DFND 1 1,454,733 0 0
ALLIED WORLD ASSURANCE CO COM H01531104 35,488 1,015,682 SH   DFND 1 1,015,682 0 0
ALLSTATE CORP COM 020002101 1,957 29,049 SH   DFND 1 29,049 0 0
ALLY FINANCIAL INC COM 02005N100 74,592 3,984,615 SH   DFND 1 3,266,484 0 718,131
ALPHABET INC-CL A COM 02079K305 39,423 51,675 SH   DFND 1 29,029 0 22,646
AMER NATL BNKSHS/DANVILLE VA COM 027745108 443 17,477 SH   DFND 1 17,477 0 0
AMERICAN CAPITAL AGENCY CORP COM 02503X105 5,373 288,391 SH   DFND 1 126,408 0 161,983
AMERICAN EXPRESS CO COM 025816109 2,224 36,220 SH   DFND 1 36,220 0 0
AMERICAN INTERNATIONAL GROUP COM 026874784 10,159 187,955 SH   DFND 1 187,955 0 0
AMERISOURCEBERGEN CORP COM 03073E105 43,850 506,649 SH   DFND 1 506,649 0 0
ANADARKO PETROLEUM CORP COM 032511107 45,666 980,592 SH   DFND 1 980,592 0 0
ANALOG DEVICES INC COM 032654105 65,457 1,105,881 SH   DFND 1 1,105,881 0 0
APPLE INC. COM 037833100 207 1,900 SH   DFND 1 1,900 0 0
AVALONBAY COMMUNITIES INC COM 053484101 31,882 167,622 SH   DFND 1 167,622 0 0
BANC OF CALIFORNIA INC COM 05990K106 7,442 425,253 SH   DFND 1 425,253 0 0
BANK OF HAWAII CORP COM 062540109 28,217 413,249 SH   DFND 1 413,249 0 0
BANK OF SOUTH CAROLINA CORP COM 065066102 949 60,149 SH   DFND 1 60,149 0 0
BANNER CORPORATION COM 06652V208 20,885 496,786 SH   DFND 1 496,786 0 0
BAXALTA INC COM 07177M103 1,496 37,042 SH   DFND 1 37,042 0 0
BERKSHIRE HATHAWAY, INC. - CLASS A COM 084670108 213 1 SH   DFND 1 1 0 0
BERKSHIRE HATHAWAY, INC. - CLASS B COM 084670702 12,383 87,280 SH   DFND 1 87,280 0 0
BLACK HILLS CORP COM 092113109 10,758 178,917 SH   DFND 1 178,917 0 0
BOISE CASCADE CO COM 09739D100 10,772 519,906 SH   DFND 1 519,906 0 0
BOSTON BEER COMPANY INC-A COM 100557107 7,973 43,083 SH   DFND 1 43,083 0 0
BOSTON PRIVATE FINL HOLDING COM 101119105 8,854 773,262 SH   DFND 1 773,262 0 0
BOSTON PROPERTIES INC COM 101121101 1,546 12,164 SH   DFND 1 12,164 0 0
BP PLC-SPONS ADR ADR 055622104 22,693 751,907 SH   DFND 1 246,655 0 498,008
BWX TECHNOLOGIES INC COM 05605H100 100,861 3,005,403 SH   DFND 1 2,884,719 0 120,684
CABELA'S INC COM 126804301 12,897 264,882 SH   DFND 1 264,882 0 0
CABOT MICROELECTRONICS CORP COM 12709P103 8,673 212,000 SH   DFND 1 212,000 0 0
CALAVO GROWERS, INC. COM 128246105 495 8,669 SH   DFND 1 8,669 0 0
CASEY'S GENERAL STORES INC COM 147528103 124,057 1,094,745 SH   DFND 1 1,094,745 0 0
CATALENT INC COM 148806102 13,604 510,083 SH   DFND 1 510,083 0 0
CBS CORP-CLASS B NON VOTING COM 124857202 4,981 90,424 SH   DFND 1 90,424 0 0
CEDAR FAIR LP COM 150185106 49,243 828,303 SH   DFND 1 828,303 0 0
CHECK POINT SOFTWARE TECH COM M22465104 108,677 1,242,451 SH   DFND 1 1,242,451 0 0
CHUBB LTD COM H1467J104 2,243 18,821 SH   DFND 1 18,821 0 0
CIMAREX ENERGY CO COM 171798101 71,261 732,609 SH   DFND 1 732,609 0 0
CINTAS CORP COM 172908105 2,242 24,960 SH   DFND 1 24,960 0 0
CISCO SYSTEMS INC COM 17275R102 4,097 143,903 SH   DFND 1 143,903 0 0
CIT GROUP INC COM 125581801 82,004 2,642,747 SH   DFND 1 2,218,786 0 423,961
CITIGROUP INC COM 172967424 6,611 158,336 SH   DFND 1 158,336 0 0
CITIZENS FINANCIAL GROUP COM 174610105 124,514 5,943,394 SH   DFND 1 5,493,216 0 450,178
CLARCOR INC COM 179895107 33,536 580,308 SH   DFND 1 580,308 0 0
COBIZ FINANCIAL INC COM 190897108 8,058 681,704 SH   DFND 1 681,704 0 0
COCA-COLA CO/THE COM 191216100 36,753 792,261 SH   DFND 1 342,687 0 449,574
COCA-COLA ENTERPRISES COM 19122T109 29,949 590,251 SH   DFND 1 590,251 0 0
COHEN & STEERS INC COM 19247A100 21,942 563,765 SH   DFND 1 563,765 0 0
COLUMBIA BANKING SYSTEM INC COM 197236102 22,106 738,839 SH   DFND 1 738,839 0 0
COMPASS MINERALS INTERNATION COM 20451N101 146,696 2,070,229 SH   DFND 1 2,070,229 0 0
CONAGRA FOODS INC COM 205887102 76,632 1,717,442 SH   DFND 1 1,717,442 0 0
COPART INC COM 217204106 11,908 292,079 SH   DFND 1 292,079 0 0
CROWN HOLDINGS INC COM 228368106 23,186 467,559 SH   DFND 1 467,559 0 0
CSX CORP COM 126408103 95,383 3,704,189 SH   DFND 1 3,704,189 0 0
CVS HEALTH CORP COM 126650100 3,798 36,617 SH   DFND 1 36,617 0 0
DELEK US HOLDINGS INC COM 246647101 10,737 704,501 SH   DFND 1 704,501 0 0
DEVON ENERGY CORP COM 25179M103 4,180 152,328 SH   DFND 1 65,876 0 86,452
DILLARDS INC-CL A COM 254067101 33,215 391,184 SH   DFND 1 391,184 0 0
DISCOVER FINANCIAL SERVICES COM 254709108 3,694 72,538 SH   DFND 1 72,538 0 0
DONALDSON CO INC COM 257651109 58,353 1,828,677 SH   DFND 1 1,828,677 0 0
DR PEPPER SNAPPLE GROUP INC COM 26138E109 78,663 879,701 SH   DFND 1 879,701 0 0
EASTGROUP PROPERTIES INC COM 277276101 21,714 359,679 SH   DFND 1 359,679 0 0
EDISON INTERNATIONAL COM 281020107 2,690 37,419 SH   DFND 1 37,419 0 0
EMERSON ELECTRIC CO COM 291011104 4,014 73,818 SH   DFND 1 73,818 0 0
ENCORE WIRE CORP COM 292562105 13,117 336,943 SH   DFND 1 336,943 0 0
ENERGEN CORP COM 29265N108 9,058 247,557 SH   DFND 1 247,557 0 0
ENTERPRISE PRODUCTS PARTNERS COM 293792107 2,205 89,575 SH   DFND 1 89,575 0 0
EOG RESOURCES INC COM 26875P101 1,904 26,227 SH   DFND 1 26,227 0 0
EQUITY LIFESTYLE PROPERTIES COM 29472R108 96,760 1,330,396 SH   DFND 1 1,330,396 0 0
ESTERLINE TECHNOLOGIES CORP COM 297425100 6,188 96,589 SH   DFND 1 96,589 0 0
EXELON CORP COM 30161N101 22,788 635,459 SH   DFND 1 340,801 0 294,658
EXTRA SPACE STORAGE INC COM 30225T102 24,327 260,294 SH   DFND 1 260,294 0 0
EXXON MOBIL CORP COM 30231G102 4,122 49,313 SH   DFND 1 49,313 0 0
F5 NETWORKS INC COM 315616102 63,172 596,808 SH   DFND 1 596,808 0 0
FALCONSTOR SOFTWARE INC. COM 306137100 15 11,000 SH   DFND 1 11,000 0 0
FCB FINANCIAL HOLDINGS-CL A COM 30255G103 14,497 435,856 SH   DFND 1 435,856 0 0
FIFTH THIRD BANCORP COM 316773100 78,141 4,681,917 SH   DFND 1 4,389,607 0 292,310
FIRST AMERICAN FINANCIAL COM 31847R102 13,691 359,239 SH   DFND 1 359,239 0 0
FMC CORP COM 302491303 27,985 693,215 SH   DFND 1 693,215 0 0
FORTRESS INVESTMENT GRP-CL A COM 34958B106 7,182 1,502,519 SH   DFND 1 1,502,519 0 0
FRANKLIN ELECTRIC CO INC COM 353514102 31,989 994,363 SH   DFND 1 994,363 0 0
GATX CORP COM 361448103 53,330 1,122,747 SH   DFND 1 1,122,747 0 0
GENERAC HOLDINGS INC COM 368736104 62,788 1,686,030 SH   DFND 1 1,686,030 0 0
GENERAL ELECTRIC CO COM 369604103 4,123 129,699 SH   DFND 1 129,699 0 0
GENERAL MILLS INC COM 370334104 2,959 46,707 SH   DFND 1 46,707 0 0
GENESEE & WYOMING INC-CL A COM 371559105 18,132 289,185 SH   DFND 1 289,185 0 0
GRUPO TELEVISA SA-SPON ADR ADR 40049J206 16,393 596,981 SH   DFND 1 184,185 0 405,154
HAIN CELESTIAL GROUP INC COM 405217100 11,305 276,345 SH   DFND 1 276,345 0 0
HALYARD HEALTH INC COM 40650V100 12,368 430,475 SH   DFND 1 430,475 0 0
HANOVER INSURANCE GROUP INC/ COM 410867105 14,748 163,467 SH   DFND 1 163,467 0 0
HATTERAS FINANCIAL CORP COM 41902R103 4,574 319,887 SH   DFND 1 134,505 0 185,382
HEALTHCARE TRUST OF AME-CL A COM 42225P501 90,612 3,079,947 SH   DFND 1 3,079,947 0 0
HILL-ROM HOLDINGS INC. COM 431475102 317 6,303 SH   DFND 1 6,303 0 0
HOLLYFRONTIER CORP COM 436106108 20,363 576,535 SH   DFND 1 576,535 0 0
HONEYWELL INTERNATIONAL INC COM 438516106 5,524 49,302 SH   DFND 1 49,302 0 0
HOST HOTELS & RESORTS INC COM 44107P104 38,929 2,331,069 SH   DFND 1 2,331,069 0 0
HSN INC COM 404303109 31,479 601,773 SH   DFND 1 601,773 0 0
INDEPENDENT BANK CORP/MA COM 453836108 21,382 465,225 SH   DFND 1 465,225 0 0
INVESCO LTD COM G491BT108 65,408 2,125,723 SH   DFND 1 2,125,723 0 0
J & J SNACK FOODS CORP COM 466032109 8,736 80,676 SH   DFND 1 80,676 0 0
JACK HENRY & ASSOCIATES INC COM 426281101 47,479 561,422 SH   DFND 1 561,422 0 0
JM SMUCKER CO/THE COM 832696405 61,442 473,210 SH   DFND 1 473,210 0 0
JOHNSON & JOHNSON COM 478160104 64,820 599,079 SH   DFND 1 401,614 0 197,465
JPMORGAN CHASE & CO COM 46625H100 6,915 116,760 SH   DFND 1 116,760 0 0
KANSAS CITY SOUTHERN COM 485170302 3,277 38,346 SH   DFND 1 38,346 0 0
KIRBY CORP COM 497266106 23,528 390,243 SH   DFND 1 390,243 0 0
KOHLS CORP COM 500255104 38,204 819,661 SH   DFND 1 819,661 0 0
LABORATORY CRP OF AMER HLDGS COM 50540R409 91,331 779,740 SH   DFND 1 779,740 0 0
LAMAR ADVERTISING CO-A COM 512816109 44,813 728,662 SH   DFND 1 728,662 0 0
LANCASTER COLONY CORP COM 513847103 10,457 94,575 SH   DFND 1 94,575 0 0
LASALLE HOTEL PROPERTIES COM 517942108 50,909 2,011,417 SH   DFND 1 2,011,417 0 0
LAZARD LTD-CL A COM G54050102 32,311 832,756 SH   DFND 1 832,756 0 0
LINCOLN ELECTRIC HOLDINGS COM 533900106 47,556 811,954 SH   DFND 1 811,954 0 0
MAGELLAN MIDSTREAM PARTNERS COM 559080106 4,168 60,576 SH   DFND 1 60,576 0 0
MARSH & MCLENNAN COS COM 571748102 51,670 849,975 SH   DFND 1 849,975 0 0
MATADOR RESOURCES CO COM 576485205 9,055 477,590 SH   DFND 1 477,590 0 0
MCKESSON CORP COM 58155Q103 2,082 13,241 SH   DFND 1 13,241 0 0
MEAD JOHNSON NUTRITION CO COM 582839106 54,986 647,118 SH   DFND 1 647,118 0 0
MERCK & CO. INC. COM 58933Y105 17,222 325,495 SH   DFND 1 325,495 0 0
MICROCHIP TECHNOLOGY INC COM 595017104 25,089 520,512 SH   DFND 1 520,512 0 0
MICROSOFT CORP COM 594918104 38,651 699,810 SH   DFND 1 428,589 0 271,221
MICROSTRATEGY INC-CL A COM 594972408 3,857 21,461 SH   DFND 1 21,461 0 0
MORNINGSTAR INC COM 617700109 10,465 118,561 SH   DFND 1 118,561 0 0
MOSAIC CO/THE COM 61945C103 5,342 197,845 SH   DFND 1 84,255 0 113,590
MOVADO GROUP INC COM 624580106 5,678 206,231 SH   DFND 1 206,231 0 0
NANOPHASE TECHNOLOGIES CORP COM 630079101 187 389,838 SH   DFND 1 389,838 0 0
NATIONAL STORAGE AFFILIATES COM 637870106 9,211 434,491 SH   DFND 1 434,491 0 0
NETSCOUT SYSTEMS INC COM 64115T104 39,760 1,730,932 SH   DFND 1 1,730,932 0 0
NEWFIELD EXPLORATION CO COM 651290108 27,287 820,660 SH   DFND 1 820,660 0 0
NICE SYSTEMS LTD-SPONS ADR ADR 653656108 10,003 154,387 SH   DFND 1 154,387 0 0
NOBLE ENERGY INC COM 655044105 24,219 771,074 SH   DFND 1 771,074 0 0
NOVARTIS AG-SPONSORED ADR ADR 66987V109 6,080 83,931 SH   DFND 1 83,931 0 0
OCCIDENTAL PETROLEUM CORP COM 674599105 11,087 162,019 SH   DFND 1 162,019 0 0
OCEANFIRST FINANCIAL CORP COM 675234108 5,544 313,600 SH   DFND 1 313,600 0 0
OMNICELL INC COM 68213N109 32,823 1,177,727 SH   DFND 1 1,177,727 0 0
OMNICOM GROUP COM 681919106 72,098 866,252 SH   DFND 1 866,252 0 0
ORACLE CORP COM 68389X105 53,109 1,298,200 SH   DFND 1 767,992 0 530,208
OWENS & MINOR INC COM 690732102 14,196 351,218 SH   DFND 1 351,218 0 0
PACIFIC PREMIER BANCORP INC COM 69478X105 7,052 329,978 SH   DFND 1 329,978 0 0
PACKAGING CORP OF AMERICA COM 695156109 92,104 1,524,903 SH   DFND 1 1,524,903 0 0
PATTERSON COS INC COM 703395103 53,673 1,153,516 SH   DFND 1 1,153,516 0 0
PEPSICO INC COM 713448108 39,097 381,511 SH   DFND 1 215,650 0 165,861
PFIZER INC COM 717081103 43,926 1,481,986 SH   DFND 1 863,356 0 618,630
PHIBRO ANIMAL HEALTH CORP-A COM 71742Q106 30,451 1,126,147 SH   DFND 1 1,126,147 0 0
PINNACLE WEST CAPITAL COM 723484101 99,496 1,325,375 SH   DFND 1 1,325,375 0 0
PIONEER NATURAL RESOURCES CO COM 723787107 26,954 191,515 SH   DFND 1 191,515 0 0
PLAINS GROUP HOLDINGS COM 72651A108 3,676 423,000 SH   DFND 1 423,000 0 0
PNC FINANCIAL SERVICES GROUP COM 693475105 6,452 76,296 SH   DFND 1 76,296 0 0
PNM RESOURCES INC COM 69349H107 63,660 1,887,905 SH   DFND 1 1,887,905 0 0
POST PROPERTIES INC COM 737464107 101,520 1,699,365 SH   DFND 1 1,699,365 0 0
POTLATCH CORP COM 737630103 48,578 1,542,163 SH   DFND 1 1,542,163 0 0
PPL CORP COM 69351T106 88,222 2,317,359 SH   DFND 1 1,927,804 0 389,555
PREMIER INC-CLASS A COM 74051N102 35,973 1,078,318 SH   DFND 1 1,078,318 0 0
PRIVATEBANCORP INC COM 742962103 11,109 287,789 SH   DFND 1 287,789 0 0
PROCTER & GAMBLE CO/THE COM 742718109 55,624 675,785 SH   DFND 1 403,448 0 272,337
PVH CORP COM 693656100 34,260 345,848 SH   DFND 1 345,848 0 0
QUALCOMM INC COM 747525103 2,123 41,504 SH   DFND 1 41,504 0 0
RADWARE LTD COM M81873107 16,184 1,368,045 SH   DFND 1 1,368,045 0 0
RAVEN INDUSTRIES INC COM 754212108 5,446 339,978 SH   DFND 1 339,978 0 0
RAYMOND JAMES FINANCIAL INC COM 754730109 26,097 548,144 SH   DFND 1 548,144 0 0
RBC BEARINGS INC COM 75524B104 22,015 300,508 SH   DFND 1 300,508 0 0
RENAISSANCERE HOLDINGS LTD COM G7496G103 54,823 457,507 SH   DFND 1 457,507 0 0
REPUBLIC SERVICES INC COM 760759100 32,828 688,934 SH   DFND 1 688,934 0 0
ROBERT HALF INTL INC COM 770323103 17,131 367,776 SH   DFND 1 367,776 0 0
ROYAL DUTCH SHELL-SPON ADR-A ADR 780259206 5,111 105,487 SH   DFND 1 105,487 0 0
RPC INC COM 749660106 901 63,507 SH   DFND 1 63,507 0 0
S & T BANCORP INC COM 783859101 14,996 582,160 SH   DFND 1 582,160 0 0
SANDERSON FARMS INC COM 800013104 40,852 453,010 SH   DFND 1 453,010 0 0
SCHLUMBERGER LTD COM 806857108 6,622 89,784 SH   DFND 1 89,784 0 0
SCHWEITZER-MAUDUIT INTL INC COM 808541106 9,642 306,275 SH   DFND 1 306,275 0 0
SIMPSON MANUFACTURING CO INC COM 829073105 119,638 3,134,358 SH   DFND 1 3,134,358 0 0
SONOCO PRODUCTS CO COM 835495102 35,280 726,369 SH   DFND 1 726,369 0 0
SOUTHWEST GAS CORP COM 844895102 113,141 1,718,162 SH   DFND 1 1,718,162 0 0
SOVRAN SELF STORAGE INC COM 84610H108 25,075 212,587 SH   DFND 1 212,587 0 0
SPECTRAL MEDICAL INC. COM 847577103 6 10,000 SH   DFND 1 10,000 0 0
STANDARD MOTOR PRODS COM 853666105 49,157 1,418,667 SH   DFND 1 1,418,667 0 0
STATE STREET CORP COM 857477103 1,849 31,597 SH   DFND 1 31,597 0 0
STERLING BANCORP/DE COM 85917A100 22,948 1,440,544 SH   DFND 1 1,440,544 0 0
STRYKER CORP COM 863667101 18,757 174,821 SH   DFND 1 116,108 0 58,713
SYNOPSYS INC COM 871607107 109,767 2,266,038 SH   DFND 1 2,266,038 0 0
SYSCO CORP COM 871829107 8,513 182,184 SH   DFND 1 78,617 0 103,567
TARGET CORP COM 87612E106 2,030 24,675 SH   DFND 1 24,675 0 0
TERADYNE INC COM 880770102 14,016 649,208 SH   DFND 1 649,208 0 0
TEVA PHARMACEUTICAL-SP ADR ADR 881624209 2,851 53,272 SH   DFND 1 53,272 0 0
THERMO FISHER SCIENTIFIC INC COM 883556102 2,363 16,686 SH   DFND 1 16,686 0 0
THERMON GROUP HOLDINGS INC COM 88362T103 7,277 414,433 SH   DFND 1 414,433 0 0
TIME WARNER INC COM 887317303 2,628 36,230 SH   DFND 1 36,230 0 0
TIMKEN CO COM 887389104 56,733 1,694,022 SH   DFND 1 1,694,022 0 0
TOPBUILD CORP COM 89055F103 8,222 276,457 SH   DFND 1 276,457 0 0
TORCHMARK CORP COM 891027104 108,965 2,011,900 SH   DFND 1 2,011,900 0 0
TOTAL SYSTEM SERVICES INC COM 891906109 34,089 716,467 SH   DFND 1 716,467 0 0
TRICO BANCSHARES COM 896095106 425 16,800 SH   DFND 1 16,800 0 0
TRINITY INDUSTRIES INC COM 896522109 46,246 2,525,749 SH   DFND 1 2,525,749 0 0
TWO HARBORS INVESTMENT CORP COM 90187B101 11,082 1,395,752 SH   DFND 1 604,248 0 791,504
UMPQUA HOLDINGS CORP COM 904214103 44,872 2,829,280 SH   DFND 1 2,829,280 0 0
UNIFIRST CORP/MA COM 904708104 63,206 579,230 SH   DFND 1 579,230 0 0
UNILEVER PLC-SPONSORED ADR ADR 904767704 3,178 70,347 SH   DFND 1 70,347 0 0
UNION PACIFIC CORP COM 907818108 8,838 111,101 SH   DFND 1 111,101 0 0
UNITED COMMUNITY BANKS/GA COM 90984P303 23,921 1,295,115 SH   DFND 1 1,295,115 0 0
UNITED NATURAL FOODS INC COM 911163103 7,250 179,907 SH   DFND 1 179,907 0 0
UNITED TECHNOLOGIES CORP COM 913017109 6,063 60,565 SH   DFND 1 60,565 0 0
UNIVERSAL HEALTH REALTY INCOME TRUST COM 91359E105 374 6,650 SH   DFND 1 6,650 0 0
US BANCORP COM 902973304 9,040 222,708 SH   DFND 1 222,708 0 0
VALMONT INDUSTRIES COM 920253101 35,865 289,610 SH   DFND 1 289,610 0 0
VERIZON COMMUNICATIONS INC COM 92343V104 8,989 166,224 SH   DFND 1 166,224 0 0
VISHAY INTERTECHNOLOGY INC COM 928298108 12,571 1,029,588 SH   DFND 1 1,029,588 0 0
VODAFONE GROUP PLC-SP ADR ADR 92857W308 4,646 144,946 SH   DFND 1 144,946 0 0
WAL-MART STORES INC COM 931142103 4,050 59,138 SH   DFND 1 59,138 0 0
WALT DISNEY CO/THE COM 254687106 6,882 69,301 SH   DFND 1 69,301 0 0
WASHINGTON FEDERAL INC COM 938824109 9,912 437,594 SH   DFND 1 437,594 0 0
WASTE CONNECTIONS INC COM 941053100 72,334 1,119,893 SH   DFND 1 1,119,893 0 0
WCI COMMUNITIES INC COM 92923C807 4,797 258,191 SH   DFND 1 258,191 0 0
WELLS FARGO & CO COM 949746101 54,729 1,131,701 SH   DFND 1 589,638 0 542,063
WESTERN GAS EQUITY PARTNERS LP COM 95825R103 1,105 31,000 SH   DFND 1 31,000 0 0
WESTERN GAS PARTNER, LP COM 958254104 726 16,715 SH   DFND 1 16,715 0 0
WESTLAKE CHEMICAL CORP COM 960413102 22,785 492,109 SH   DFND 1 492,109 0 0
WEYERHAEUSER CO COM 962166104 56,705 1,830,384 SH   DFND 1 1,830,384 0 0
WINTRUST FINANCIAL CORP COM 97650W108 9,326 210,333 SH   DFND 1 210,333 0 0
WOLVERINE WORLD WIDE INC COM 978097103 10,261 557,079 SH   DFND 1 557,079 0 0
XL GROUP PLC COM G98290102 64,193 1,744,385 SH   DFND 1 1,744,385 0 0
XYLEM INC COM 98419M100 44,377 1,085,015 SH   DFND 1 1,085,015 0 0
ZIMMER BIOMET HOLDINGS INC COM 98956P102 2,046 19,185 SH   DFND 1 19,185 0 0
ZIONS BANCORPORATION COM 989701107 9,252 382,154 SH   DFND 1 182,352 0 199,802