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
1ST SOURCE CORP COM 336901103 11,071 235,806 SH   DFND 1 235,806 0 0
ABBVIE INC COM 00287Y109 4,099 62,906 SH   DFND 1.2 62,906 0 0
ACCENTURE PLC-CL A COM G1151C101 1,212 10,112 SH   DFND 1 10,112 0 0
ACCESS NATIONAL CORP COM 004337101 26,383 878,846 SH   DFND 1.2 878,846 0 0
ADVANCED ENVIRONMENTAL RECYCLING COM 007947104 4 29,500 SH   DFND 1.2 29,500 0 0
AFFILIATED MANAGERS GROUP COM 008252108 66,255 404,141 SH   DFND 1 404,141 0 0
AGILENT TECHNOLOGIES INC COM 00846U101 36,742 694,946 SH   DFND 1.2 694,946 0 0
AGNC INVESTMENT CORP COM 00123Q104 6,660 334,845 SH   DFND 1 123,688 0 211,157
ALEXANDRIA REAL ESTATE EQU COM 015271109 41,211 372,887 SH   DFND 1.2 372,887 0 0
ALLIANT ENERGY CORP COM 018802108 85,881 2,168,163 SH   DFND 1 2,168,163 0 0
ALLIED WORLD ASSURANCE CO COM H01531104 55,762 1,050,137 SH   DFND 1 1,050,137 0 0
ALLY FINANCIAL INC COM 02005N100 23,247 1,143,495 SH   DFND 1 424,080 0 719,415
ALON USA ENERGY INC COM 020520102 347 28,500 SH   DFND 1.2 28,500 0 0
ALPHABET INC-CL A COM 02079K305 59,221 69,852 SH   DFND 1.2 36,733 0 33,119
AMC NETWORKS INC-A COM 00164V103 20,777 354,077 SH   DFND 1 354,077 0 0
AMERCO COM 023586100 7,082 18,578 SH   DFND 1.2 18,578 0 0
AMERICAN EXPRESS CO COM 025816109 3,059 38,673 SH   DFND 1 38,673 0 0
AMERICAN INTERNATIONAL GRO COM 026874784 3,922 62,816 SH   DFND 1 62,816 0 0
AMERISOURCEBERGEN CORP COM 03073E105 95,722 1,081,602 SH   DFND 1.2 1,081,602 0 0
AMETEK INC COM 031100100 72,608 1,342,609 SH   DFND 1.2 1,342,609 0 0
ANADARKO PETROLEUM CORP COM 032511107 1,097 17,700 SH   DFND 1.2 17,700 0 0
ANALOG DEVICES INC COM 032654105 78,296 955,414 SH   DFND 1.2 955,414 0 0
APPLE INC COM 037833100 675 4,700 SH   DFND 1.2 4,700 0 0
AUTOZONE INC COM 053332102 16,852 23,307 SH   DFND 1 23,307 0 0
AXALTA COATING SYSTEMS LTD COM G0750C108 61,935 1,923,458 SH   DFND 1.2 1,923,458 0 0
BANCFIRST CORP COM 05945F103 17,467 194,292 SH   DFND 1 194,292 0 0
BANK OF HAWAII CORP COM 062540109 17,192 208,743 SH   DFND 1.2 208,743 0 0
BANK OF NEW YORK MELLON CO COM 064058100 2,532 53,613 SH   DFND 1 53,613 0 0
BANK OF SOUTH CAROLINA CORP COM 065066102 1,329 63,879 SH   DFND 1.2 63,879 0 0
BANNER CORPORATION COM 06652V208 82,948 1,490,806 SH   DFND 1.2 1,490,806 0 0
BASIC ENERGY SERVICES INC COM 06985P209 19,201 575,559 SH   DFND 1 575,559 0 0
BB&T CORP COM 054937107 926 20,708 SH   DFND 1 0 0 20,708
BERKSHIRE HATHAWAY INC-CL COM 084670702 8,982 53,888 SH   DFND 1.2 53,888 0 0
BERKSHIRE HTWY CLASS A COM 084670108 2,748 11 SH   DFND 1.2 11 0 0
BLACK HILLS CORP COM 092113109 58,431 879,060 SH   DFND 1 879,060 0 0
BNC BANCORP COM 05566T101 27,181 775,488 SH   DFND 1.2 775,488 0 0
BOISE CASCADE CO COM 09739D100 27,105 1,015,172 SH   DFND 1.2 1,015,172 0 0
BOSTON BEER COMPANY INC-A COM 100557107 21,468 148,411 SH   DFND 1 148,411 0 0
BOSTON PRIVATE FINL HOLDIN COM 101119105 412 25,100 SH   DFND 1 25,100 0 0
BP PLC-SPONS ADR ADR 055622104 21,626 626,485 SH   DFND 1 187,171 0 439,314
BWX TECHNOLOGIES INC COM 05605H100 131,343 2,759,306 SH   DFND 1.2 2,669,283 0 90,023
CABOT MICROELECTRONICS COR COM 12709P103 20,644 269,471 SH   DFND 1 269,471 0 0
CALAVO GROWERS, INC. COM 128246105 525 8,669 SH   DFND 1.2 8,669 0 0
CAL-MAINE FOODS INC COM 128030202 49,450 1,343,762 SH   DFND 1.2 1,343,762 0 0
CARMAX, INC. COM 143130102 1,184 20,000 SH   DFND 1.2 20,000 0 0
CAROLINA FINANCIAL CORP COM 143873107 10,189 339,632 SH   DFND 1 339,632 0 0
CASEY'S GENERAL STORES INC COM 147528103 81,446 725,573 SH   DFND 1.2 725,573 0 0
CATALENT INC COM 148806102 33,178 1,171,553 SH   DFND 1 1,171,553 0 0
CBS CORP-CLASS B NON VOTIN COM 124857202 1,600 23,072 SH   DFND 1 23,072 0 0
CEDAR FAIR LP COM 150185106 92,642 1,366,195 SH   DFND 1.2 1,366,195 0 0
CHARTER FINANCIAL CO COM 16122W108 1,754 89,150 SH   DFND 1.2 89,150 0 0
CHECK POINT SOFTWARE TECH COM M22465104 107,225 1,044,470 SH   DFND 1.2 1,044,470 0 0
CHUBB LTD COM H1467J104 3,577 26,255 SH   DFND 1 26,255 0 0
CIMAREX ENERGY CO COM 171798101 57,550 481,628 SH   DFND 1.2 481,628 0 0
CINTAS CORP COM 172908105 9,644 76,210 SH   DFND 1.2 76,210 0 0
CISCO SYSTEMS INC COM 17275R102 2,595 76,779 SH   DFND 1 76,779 0 0
CIT GROUP INC COM 125581801 84,308 1,963,858 SH   DFND 1.2 1,631,664 0 332,194
CITIGROUP INC COM 172967424 8,335 139,336 SH   DFND 1.2 139,336 0 0
CITIZENS FINANCIAL GROUP COM 174610105 64,654 1,871,318 SH   DFND 1.2 1,871,318 0 0
COBIZ FINANCIAL INC COM 190897108 20,279 1,207,085 SH   DFND 1 1,207,085 0 0
COCA-COLA CO/THE COM 191216100 38,815 914,596 SH   DFND 1 334,158 0 580,438
COHEN & STEERS INC COM 19247A100 43,057 1,077,222 SH   DFND 1.2 1,077,222 0 0
COLUMBIA BANKING SYSTEM IN COM 197236102 45,728 1,172,801 SH   DFND 1 1,172,801 0 0
COMERICA INC COM 200340107 357 5,200 SH   DFND 1 5,200 0 0
COMMERCIAL METALS CO COM 201723103 13,226 691,367 SH   DFND 1 691,367 0 0
COMPASS MINERALS INTERNATI COM 20451N101 97,078 1,430,767 SH   DFND 1.2 1,430,767 0 0
CONAGRA BRANDS INC COM 205887102 116,015 2,875,939 SH   DFND 1.2 2,875,939 0 0
CROWN HOLDINGS INC COM 228368106 105,124 1,985,350 SH   DFND 1.2 1,985,350 0 0
CSX CORP COM 126408103 58,555 1,257,886 SH   DFND 1.2 1,257,886 0 0
CU BANCORP COM 126534106 12,949 326,572 SH   DFND 1 326,572 0 0
CVS HEALTH CORP COM 126650100 997 12,702 SH   DFND 1 12,702 0 0
DANA INC COM 235825205 40,570 2,100,994 SH   DFND 1 2,100,994 0 0
DELEK US HOLDINGS INC COM 246647101 31,918 1,315,101 SH   DFND 1.2 1,315,101 0 0
DENTSPLY INTERNATIONAL INC. COM 24906P109 781 12,500 SH   DFND 1.2 12,500 0 0
DISCOVER FINANCIAL SERVICE COM 254709108 2,277 33,301 SH   DFND 1 33,301 0 0
DONALDSON CO INC COM 257651109 42,552 934,787 SH   DFND 1 934,787 0 0
DR PEPPER SNAPPLE GROUP IN COM 26138E109 50,600 516,746 SH   DFND 1.2 516,746 0 0
EASTGROUP PROPERTIES COM 277276101 1,037 14,100 SH   DFND 1.2 14,100 0 0
EDISON INTERNATIONAL COM 281020107 1,967 24,706 SH   DFND 1 24,706 0 0
EMERSON ELECTRIC CO COM 291011104 323 5,400 SH   DFND 1 5,400 0 0
ENCORE WIRE CORP COM 292562105 37,604 817,472 SH   DFND 1 817,472 0 0
ENTERPRISE PRODUCTS PARTNE COM 293792107 828 30,000 SH   DFND 1 30,000 0 0
EQUITY COMMONWEALTH COM 294628102 121,459 3,890,432 SH   DFND 1.2 3,890,432 0 0
EQUITY LIFESTYLE PROPERTIE COM 29472R108 96,671 1,254,485 SH   DFND 1.2 1,254,485 0 0
EQUITY RESIDENTIAL COM 29476L107 8,418 135,289 SH   DFND 1.2 135,289 0 0
ESCO TECHNOLOGIES INC COM 296315104 42,007 723,005 SH   DFND 1 723,005 0 0
EVANS BANCORP INC COM 29911Q208 5,648 147,075 SH   DFND 1.2 147,075 0 0
EXELON CORP COM 30161N101 25,610 711,793 SH   DFND 1 329,130 0 382,663
EXTRA SPACE STORAGE INC COM 30225T102 919 12,350 SH   DFND 1.2 12,350 0 0
EXXON MOBIL CORP COM 30231G102 25,464 310,496 SH   DFND 1.2 173,566 0 136,930
F5 NETWORKS INC COM 315616102 35,190 246,823 SH   DFND 1.2 246,823 0 0
FALCONSTOR SOFTWARE INC. COM 306137100 4 11,000 SH   DFND 1.2 11,000 0 0
FASTENAL CO COM 311900104 43,478 844,236 SH   DFND 1 844,236 0 0
FIFTH THIRD BANCORP COM 316773100 1,091 42,950 SH   DFND 1.2 42,950 0 0
FIRST AMERICAN FINANCIAL COM 31847R102 24,277 618,058 SH   DFND 1 618,058 0 0
FIRST HAWAIIAN INC COM 32051X108 64,680 2,161,771 SH   DFND 1.2 2,161,771 0 0
FLUOR CORP COM 343412102 47,422 901,215 SH   DFND 1 901,215 0 0
FS BANCORP INC COM 30263Y104 278 7,450 SH   DFND 1.2 7,450 0 0
GARMIN LTD COM H2906T109 230 4,500 SH   DFND 1 4,500 0 0
GENERAC HOLDINGS INC COM 368736104 66,765 1,790,903 SH   DFND 1.2 1,790,903 0 0
GENERAL MILLS INC COM 370334104 1,932 32,732 SH   DFND 1 32,732 0 0
GILEAD SCIENCES INC COM 375558103 421 6,200 SH   DFND 1.2 6,200 0 0
GOOGLE INC. COM 02079K107 415 500 SH   DFND 1.2 500 0 0
GRACO INC COM 384109104 27,338 290,398 SH   DFND 1 290,398 0 0
GRAPHIC PACKAGING HOLDING COM 388689101 87,587 6,805,535 SH   DFND 1.2 6,805,535 0 0
GREAT PLAINS ENERGY INC COM 391164100 89,365 3,058,345 SH   DFND 1 3,058,345 0 0
GREENHILL & CO INC COM 395259104 281 9,600 SH   DFND 1 9,600 0 0
GRUPO TELEVISA SA-SPON ADR ADR 40049J206 24,237 934,366 SH   DFND 1 291,099 0 643,267
GULFPORT ENERGY CORP COM 402635304 20,513 1,193,339 SH   DFND 1 1,193,339 0 0
HANCOCK HOLDING CO COM 410120109 14,187 311,460 SH   DFND 1 311,460 0 0
HANOVER INSURANCE GROUP IN COM 410867105 57,326 636,536 SH   DFND 1 636,536 0 0
HEALTHCARE TRUST OF AME-CL COM 42225P501 100,205 3,185,159 SH   DFND 1.2 3,185,159 0 0
HEARTLAND EXPRESS INC COM 422347104 45,843 2,286,441 SH   DFND 1 2,286,441 0 0
HOLLY ENERGY PARTNER LP COM 435763107 714 20,000 SH   DFND 1.2 20,000 0 0
HOLLYFRONTIER CORP COM 436106108 49,945 1,762,345 SH   DFND 1.2 1,762,345 0 0
HOMETRUST BANCSHARES INC COM 437872104 12,594 535,896 SH   DFND 1.2 535,896 0 0
HONEYWELL INTERNATIONAL IN COM 438516106 5,054 40,478 SH   DFND 1.2 40,478 0 0
HORMEL FOODS CORP. COM 440452100 346 10,000 SH   DFND 1.2 10,000 0 0
HOSTESS BRANDS INC COM 44109J106 21,559 1,358,444 SH   DFND 1 1,358,444 0 0
ICON PLC COM G4705A100 49,956 626,638 SH   DFND 1.2 626,638 0 0
INC RESEARCH HOLDINGS INC- COM 45329R109 83,606 1,823,467 SH   DFND 1.2 1,823,467 0 0
INDEPENDENT BANK CORP/MA COM 453836108 44,580 685,853 SH   DFND 1 685,853 0 0
INTEL CORP COM 458140100 24,892 690,112 SH   DFND 1 351,203 0 338,909
INTRA-CELLULAR THERA COM 46116X101 569 35,000 SH   DFND 1.2 35,000 0 0
INVESCO LTD COM G491BT108 87,447 2,854,957 SH   DFND 1.2 2,854,957 0 0
INVESTORS BANCORP INC COM 46146L101 40,587 2,822,496 SH   DFND 1 2,822,496 0 0
J & J SNACK FOODS CORP COM 466032109 25,695 189,544 SH   DFND 1.2 189,544 0 0
JACK HENRY & ASSOCIATES IN COM 426281101 38,265 411,007 SH   DFND 1.2 411,007 0 0
JM SMUCKER CO/THE COM 832696405 1,826 13,930 SH   DFND 1.2 13,930 0 0
JOHN B. SANFILIPPO & SON I COM 800422107 21,319 291,285 SH   DFND 1 291,285 0 0
JOHNSON & JOHNSON COM 478160104 75,814 608,707 SH   DFND 1.2 368,986 0 239,721
JPMORGAN CHASE & CO COM 46625H100 5,685 64,724 SH   DFND 1 64,724 0 0
KAISAR ALUMINUM CORP COM 483007704 1,199 15,000 SH   DFND 1.2 15,000 0 0
KANSAS CITY SOUTHERN COM 485170302 1,966 22,927 SH   DFND 1.2 22,927 0 0
KEANE GROUP INC COM 48669A108 48,589 3,397,850 SH   DFND 1 3,397,850 0 0
KFORCE INC COM 493732101 16,829 708,573 SH   DFND 1 708,573 0 0
KOHLS CORP COM 500255104 24,001 602,886 SH   DFND 1.2 602,886 0 0
LABORATORY CRP OF AMER HLD COM 50540R409 94,657 659,767 SH   DFND 1.2 659,767 0 0
LAMAR ADVERTISING CO-A COM 512816109 99,832 1,335,719 SH   DFND 1.2 1,335,719 0 0
LAMB WESTON HOLDINGS INC COM 513272104 40,166 954,961 SH   DFND 1.2 954,961 0 0
LASALLE HOTEL PROPERTIES COM 517942108 278 9,600 SH   DFND 1 9,600 0 0
LIFE STORAGE INC COM 53223X107 14,410 175,478 SH   DFND 1 175,478 0 0
LIFE TECHNOLOGIES CORP COM 002120103 56 16,000 SH   DFND 1.2 16,000 0 0
LINCOLN ELECTRIC HOLDINGS COM 533900106 89,799 1,033,839 SH   DFND 1.2 1,033,839 0 0
MAGELLAN MIDSTREAM PARTNER COM 559080106 4,587 59,644 SH   DFND 1 59,644 0 0
MAMMOTH ENERGY SERVICES IN COM 56155L108 60,457 2,810,657 SH   DFND 1.2 2,810,657 0 0
MEAD JOHNSON NUTRITION CO COM 582839106 90,011 1,010,456 SH   DFND 1.2 1,010,456 0 0
MEDTRONIC PLC COM G5960L103 471 5,846 SH   DFND 1.2 5,846 0 0
MELLANOX TECHNOLOGIES LTD COM M51363113 11,616 227,998 SH   DFND 1 227,998 0 0
MERCK & CO. INC. COM 58933Y105 3,807 59,918 SH   DFND 1.2 59,918 0 0
MERIDIAN BIOSCIENCE INC COM 589584101 142 10,300 SH   DFND 1 10,300 0 0
MFA FINANCIAL INC COM 55272X102 30,540 3,779,758 SH   DFND 1 3,779,758 0 0
MGM GROWTH PROPERTIES LLC- COM 55303A105 53,140 1,964,528 SH   DFND 1 1,964,528 0 0
MICROSOFT CORP COM 594918104 37,516 569,638 SH   DFND 1.2 282,868 0 286,770
MICROSTRATEGY INC-CL A COM 594972408 17,591 93,668 SH   DFND 1 93,668 0 0
MID-AMERICA APARTMENT COMM COM 59522J103 37,653 370,089 SH   DFND 1.2 370,089 0 0
MOSAIC CO/THE COM 61945C103 6,594 225,968 SH   DFND 1 81,641 0 144,327
MOVADO GROUP INC COM 624580106 9,436 378,177 SH   DFND 1 378,177 0 0
NATIONAL STORAGE AFFILIATE COM 637870106 351 14,700 SH   DFND 1.2 14,700 0 0
NEXTERA ENERGY PARTNERS LP COM 65341B106 17,731 535,191 SH   DFND 1 535,191 0 0
NICE LTD - SPON ADR ADR 653656108 23,782 349,839 SH   DFND 1.2 349,839 0 0
NOBLE ENERGY INC COM 655044105 106,594 3,104,083 SH   DFND 1.2 3,104,083 0 0
NOMAD FOODS LTD COM G6564A105 23,042 2,012,402 SH   DFND 1 2,012,402 0 0
NORDSTROM INC COM 655664100 25,149 540,025 SH   DFND 1 540,025 0 0
NOVARTIS AG-SPONSORED ADR ADR 66987V109 5,699 76,734 SH   DFND 1.2 76,734 0 0
NRG YIELD INC-CLASS C COM 62942X405 506 28,600 SH   DFND 1 28,600 0 0
OCCIDENTAL PETROLEUM CORP COM 674599105 16,162 255,088 SH   DFND 1.2 255,088 0 0
OCEANEERING INTL INC COM 675232102 39,788 1,469,282 SH   DFND 1.2 1,469,282 0 0
OCEANFIRST FINANCIAL CORP COM 675234108 6,572 233,250 SH   DFND 1.2 233,250 0 0
OMNICELL INC COM 68213N109 43,109 1,060,491 SH   DFND 1.2 1,060,491 0 0
OMNICOM GROUP COM 681919106 64,685 750,317 SH   DFND 1.2 750,317 0 0
ORACLE CORP COM 68389X105 67,361 1,509,987 SH   DFND 1 733,232 0 776,755
PACIFIC PREMIER BANCORP IN COM 69478X105 20,981 544,253 SH   DFND 1 544,253 0 0
PACKAGING CORP OF AMERICA COM 695156109 960 10,475 SH   DFND 1.2 10,475 0 0
PATTERSON COS INC COM 703395103 258 5,705 SH   DFND 1.2 5,705 0 0
PATTERSON-UTI ENERGY INC COM 703481101 43,970 1,811,704 SH   DFND 1 1,811,704 0 0
PEPSICO INC COM 713448108 45,131 403,460 SH   DFND 1 191,226 0 212,234
PFIZER INC COM 717081103 74,042 2,164,339 SH   DFND 1.2 1,266,699 0 897,640
PHIBRO ANIMAL HEALTH CORP- COM 71742Q106 388 13,820 SH   DFND 1.2 13,820 0 0
PHYSICIANS REALTY TRUST COM 71943U104 24,815 1,248,844 SH   DFND 1.2 1,248,844 0 0
PINNACLE WEST CAPITAL COM 723484101 58,291 699,101 SH   DFND 1 699,101 0 0
PLAINS GP HOLDINGS LP-CL A COM 72651A207 3,550 113,567 SH   DFND 1.2 113,567 0 0
PNC FINANCIAL SERVICES GRO COM 693475105 8,188 68,098 SH   DFND 1 68,098 0 0
POTASH CORP OF SASKATCHEWA COM 73755L107 62,505 3,659,516 SH   DFND 1.2 3,659,516 0 0
POTLATCH CORP COM 737630103 1,048 22,930 SH   DFND 1.2 22,930 0 0
PPL CORP COM 69351T106 29,014 775,985 SH   DFND 1 436,047 0 339,938
PROCTER & GAMBLE CO/THE COM 742718109 60,978 678,661 SH   DFND 1.2 327,291 0 351,370
PROSPERITY BANCSHARES INC COM 743606105 65,559 940,450 SH   DFND 1.2 940,450 0 0
PUBLIC STORAGE COM 74460D109 657 3,000 SH   DFND 1.2 3,000 0 0
QUALCOMM INC COM 747525103 419 7,300 SH   DFND 1 7,300 0 0
QUEST DIAGNOSTICS INC COM 74834L100 403 4,100 SH   DFND 1 4,100 0 0
RADWARE LTD COM M81873107 13,699 847,703 SH   DFND 1.2 847,703 0 0
RBC BEARINGS INC COM 75524B104 17,333 178,520 SH   DFND 1 178,520 0 0
RENAISSANCERE HOLDINGS LTD COM G7496G103 84,356 583,170 SH   DFND 1 583,170 0 0
REPUBLIC SERVICES INC COM 760759100 30,726 489,192 SH   DFND 1.2 489,192 0 0
ROYAL DUTCH SHELL-SPON ADR ADR 780259206 2,560 48,543 SH   DFND 1 48,543 0 0
SALLY BEAUTY HOLDINGS INC COM 79546E104 97,418 4,766,023 SH   DFND 1.2 4,766,023 0 0
SCHLUMBERGER LTD COM 806857108 6,468 82,814 SH   DFND 1 82,814 0 0
SELECT BANCORP INC COM 81617L108 658 59,200 SH   DFND 1.2 59,200 0 0
SIMPSON MANUFACTURING CO I COM 829073105 104,227 2,418,830 SH   DFND 1.2 2,418,830 0 0
SKECHERS USA INC-CL A COM 830566105 16,641 606,217 SH   DFND 1 606,217 0 0
SONOCO PRODUCTS CO COM 835495102 30,685 579,831 SH   DFND 1 579,831 0 0
SPECTRAL MEDICAL INC. COM 847577103 3 10,000 SH   DFND 1.2 10,000 0 0
STRYKER CORP COM 863667101 17,883 135,838 SH   DFND 1.2 83,800 0 52,038
SUN COMMUNITIES INC COM 866674104 47,244 588,118 SH   DFND 1.2 588,118 0 0
SUN HYDRAULICS CORP COM 866942105 12,071 334,293 SH   DFND 1 334,293 0 0
SYNOPSYS INC COM 871607107 149,388 2,071,091 SH   DFND 1.2 2,071,091 0 0
TARGET CORP COM 87612E106 2,748 49,795 SH   DFND 1.2 49,795 0 0
TECH DATA CORP COM 878237106 35,038 373,146 SH   DFND 1.2 373,146 0 0
TERADYNE INC COM 880770102 29,662 953,778 SH   DFND 1 953,778 0 0
TEVA PHARMACEUTICAL-SP ADR ADR 881624209 1,540 47,990 SH   DFND 1.2 47,990 0 0
THERMO FISHER SCIENTIFIC INC COM 883556102 436 2,841 SH   DFND 1.2 2,841 0 0
THERMON GROUP HOLDINGS INC COM 88362T103 52,563 2,522,212 SH   DFND 1.2 2,522,212 0 0
TIME WARNER INC COM 887317303 2,390 24,459 SH   DFND 1 24,459 0 0
TIMKEN CO COM 887389104 227 5,030 SH   DFND 1.2 5,030 0 0
TOPBUILD CORP COM 89055F103 22,892 487,057 SH   DFND 1 487,057 0 0
TORCHMARK CORP COM 891027104 106,193 1,378,418 SH   DFND 1 1,378,418 0 0
TOTAL SYSTEM SERVICES INC COM 891906109 74,660 1,396,565 SH   DFND 1.2 1,396,565 0 0
TRINITY INDUSTRIES INC COM 896522109 112,570 4,239,908 SH   DFND 1.2 4,239,908 0 0
TRUEBLUE INC COM 89785X101 21,450 784,291 SH   DFND 1 784,291 0 0
TWENTY-FIRST CENTURY FOX - COM 90130A200 2,321 73,047 SH   DFND 1.2 73,047 0 0
TWO HARBORS INVESTMENT COR COM 90187B101 15,369 1,602,631 SH   DFND 1 589,210 0 1,013,421
UMPQUA HOLDINGS CORP COM 904214103 69,488 3,917,047 SH   DFND 1.2 3,917,047 0 0
UNIFIRST CORP/MA COM 904708104 116,888 826,356 SH   DFND 1.2 777,153 0 49,203
UNILEVER PLC-SPONSORED ADR ADR 904767704 3,864 78,309 SH   DFND 1 78,309 0 0
UNION PACIFIC CORP COM 907818108 3,851 36,356 SH   DFND 1 36,356 0 0
UNITED STATES LIME & MINER COM 911922102 10,973 138,931 SH   DFND 1.2 138,931 0 0
UNITED TECHNOLOGIES CORP COM 913017109 6,312 56,253 SH   DFND 1 56,253 0 0
UNIVERSAL HEALTH REALTY INCOME TRUST COM 91359E105 393 6,100 SH   DFND 1.2 6,100 0 0
US BANCORP COM 902973304 10,876 211,181 SH   DFND 1 192,830 0 18,351
US CONCRETE INC COM 90333L201 29,880 462,901 SH   DFND 1.2 462,901 0 0
VALVOLINE INC COM 92047W101 86,976 3,542,801 SH   DFND 1.2 3,542,801 0 0
VERIZON COMMUNICATIONS INC COM 92343V104 463 9,500 SH   DFND 1 9,500 0 0
VISHAY INTERTECHNOLOGY INC COM 928298108 31,815 1,934,032 SH   DFND 1.2 1,934,032 0 0
VODAFONE GROUP PLC-SP ADR ADR 92857W308 3,207 121,355 SH   DFND 1 121,355 0 0
WALGREENS BOOTS ALLIANC COM 931427108 988 11,900 SH   DFND 1.2 11,900 0 0
WALT DISNEY CO/THE COM 254687106 1,437 12,675 SH   DFND 1.2 12,675 0 0
WASHINGTON FEDERAL INC COM 938824109 26,966 814,696 SH   DFND 1.2 814,696 0 0
WASTE CONNECTIONS INC COM 94106B101 61,720 699,620 SH   DFND 1.2 699,620 0 0
WATERS CORP. COM 941848103 438 2,800 SH   DFND 1.2 2,800 0 0
WELLS FARGO & CO COM 949746101 80,177 1,440,476 SH   DFND 1.2 691,957 0 748,519
WESTERN DIGITAL CORP COM 958102105 47,488 575,404 SH   DFND 1.2 575,404 0 0
WESTERN GAS PARTNER, LP COM 958254104 911 15,065 SH   DFND 1.2 15,065 0 0
WESTLAKE CHEMICAL CORP COM 960413102 89,841 1,360,194 SH   DFND 1 1,360,194 0 0
WEYERHAEUSER CO COM 962166104 51,385 1,512,225 SH   DFND 1.2 1,512,225 0 0
WHITING PETROLEUM CORP COM 966387102 16,711 1,766,495 SH   DFND 1 1,766,495 0 0
WILLIAMS-SONOMA INC COM 969904101 1,745 32,544 SH   DFND 1 32,544 0 0
WINTRUST FINANCIAL CORP COM 97650W108 86,315 1,248,774 SH   DFND 1 1,248,774 0 0
WOLVERINE WORLD WIDE, INC. COM 978097103 651 26,059 SH   DFND 1.2 26,059 0 0
XL GROUP LTD COM G98294104 112,650 2,826,152 SH   DFND 1 2,826,152 0 0
ZIMMER BIOMET HOLDINGS INC COM 98956P102 1,685 13,797 SH   DFND 1.2 13,797 0 0