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
ABBVIE INC COM 00287Y109 2,298 30,350 SH   DFND 9 30,350 0 0
ACCO BRANDS CORP COM 00081T108 683 69,200 SH   DFND 9 69,200 0 0
AES CORP COM 00130H105 1,712 104,800 SH   DFND 9 104,800 0 0
AIRCASTLE LTD COM G0129K104 368 16,400 SH   DFND 9 16,400 0 0
ALASKA AIR GROUP INC COM 011659109 711 10,953 SH   DFND 9 10,953 0 0
ALLETE INC COM NEW 018522300 302 3,450 SH   DFND 9 3,450 0 0
ALLIANCE RES PARTNER L P UT LTD PART 01877R108 760 47,450 SH   DFND 9 47,450 0 0
ALLIANT ENERGY CORP COM 018802108 2,804 52,000 SH   DFND 9 52,000 0 0
ALLY FINL INC COM 02005N100 5,148 155,247 SH   DFND 9 155,247 0 0
AMCOR PLC ORD G0250X107 701 71,910 SH   DFND 9 71,910 0 0
AMDOCS LTD SHS G02602103 1,249 18,900 SH   DFND 9 18,900 0 0
AMERICAN ELEC PWR CO INC COM 025537101 7,345 78,400 SH   DFND 9 78,400 0 0
AMERICAN WTR WKS CO INC NEW COM 030420103 634 5,100 SH   DFND 9 5,100 0 0
AMERIPRISE FINL INC COM 03076C106 7,429 50,500 SH   DFND 9 50,500 0 0
AMERISOURCEBERGEN CORP COM 03073E105 5,829 70,800 SH   DFND 9 70,800 0 0
AMGEN INC COM 031162100 1,200 6,200 SH   DFND 9 6,200 0 0
ANHEUSER BUSCH INBEV SA/NV SPONSORED ADR 03524A108 2,531 26,600 SH   DFND 9 26,600 0 0
APACHE CORP COM 037411105 4,771 186,377 SH   DFND 9 186,377 0 0
APOLLO GLOBAL MGMT INC COM CL A 03768E105 1,566 41,400 SH   DFND 9 41,400 0 0
APPLE INC COM 037833100 24,637 110,000 SH   DFND 9 110,000 0 0
APPLIED MATLS INC COM 038222105 9,271 185,800 SH   DFND 9 185,800 0 0
AQUA AMERICA INC COM 03836W103 2,819 62,883 SH   DFND 9 62,883 0 0
ARCH COAL INC CL A 039380407 668 9,000 SH   DFND 9 9,000 0 0
ARCHROCK INC COM 03957W106 765 76,779 SH   DFND 9 76,779 0 0
ARCOS DORADOS HOLDINGS INC SHS CLASS -A - G0457F107 111 16,500 SH   DFND 9 16,500 0 0
ARES CAP CORP COM 04010L103 1,845 99,000 SH   DFND 9 99,000 0 0
ASTRAZENECA PLC SPONSORED ADR 046353108 2,286 51,300 SH   DFND 9 51,300 0 0
AT&T INC COM 00206R102 5,831 154,100 SH   DFND 9 154,100 0 0
ATLANTICA YIELD PLC SHS G0751N103 270 11,200 SH   DFND 9 11,200 0 0
AUTOMATIC DATA PROCESSING IN COM 053015103 2,889 17,900 SH   DFND 9 17,900 0 0
AVANGRID INC COM 05351W103 1,594 30,500 SH   DFND 9 30,500 0 0
AVERY DENNISON CORP COM 053611109 2,294 20,200 SH   DFND 9 20,200 0 0
AVISTA CORP COM 05379B107 702 14,500 SH   DFND 9 14,500 0 0
AXA EQUITABLE HLDGS INC COM 054561105 7,278 328,436 SH   DFND 9 328,436 0 0
BANCO MACRO SA SPON ADR B 05961W105 1,306 50,200 SH   DFND 9 50,200 0 0
BANK AMER CORP COM 060505104 4,249 145,662 SH   DFND 9 145,662 0 0
BANK HAWAII CORP COM 062540109 412 4,800 SH   DFND 9 4,800 0 0
BANK OZK COM 06417N103 594 21,800 SH   DFND 9 21,800 0 0
BANKUNITED INC COM 06652K103 487 14,500 SH   DFND 9 14,500 0 0
BBVA BANCO FRANCES S A SPONSORED ADR 07329M100 251 58,000 SH   DFND 9 58,000 0 0
BCE INC COM NEW 05534B760 842 17,400 SH   DFND 9 17,400 0 0
BERKLEY W R CORP COM 084423102 737 10,200 SH   DFND 9 10,200 0 0
BEST BUY INC COM 086516101 5,257 76,200 SH   DFND 9 76,200 0 0
BLACK HILLS CORP COM 092113109 1,473 19,200 SH   DFND 9 19,200 0 0
BLACKROCK INC COM 09247X101 5,704 12,800 SH   DFND 9 12,800 0 0
BLOCK H & R INC COM 093671105 3,097 131,100 SH   DFND 9 131,100 0 0
BP PRUDHOE BAY RTY TR UNIT BEN INT 055630107 120 13,100 SH   DFND 9 13,100 0 0
BRINKER INTL INC COM 109641100 1,668 39,100 SH   DFND 9 39,100 0 0
BRISTOL MYERS SQUIBB CO COM 110122108 1,744 34,400 SH   DFND 9 34,400 0 0
BUCKEYE PARTNERS L P UNIT LTD PARTN 118230101 6,105 148,579 SH   DFND 9 148,579 0 0
BUCKLE INC COM 118440106 700 34,000 SH   DFND 9 34,000 0 0
CABOT OIL & GAS CORP COM 127097103 4,960 282,314 SH   DFND 9 282,314 0 0
CAPITAL ONE FINL CORP COM 14040H105 11,636 127,900 SH   DFND 9 127,900 0 0
CAPITAL PRODUCT PARTNERS L P PARTNERSHP UNITS Y11082206 174 16,247 SH   DFND 9 16,247 0 0
CARTERS INC COM 146229109 1,806 19,800 SH   DFND 9 19,800 0 0
CELANESE CORP DEL COM 150870103 6,567 53,700 SH   DFND 9 53,700 0 0
CEMTREX INC *W EXP 12/02/202 15130G113 0 30,000 SH   DFND 9 30,000 0 0
CENTRAL PAC FINL CORP COM NEW 154760409 312 11,000 SH   DFND 9 11,000 0 0
CENTRAL PUERTO S A SPONSORED ADR 155038201 250 84,600 SH   DFND 9 84,600 0 0
CF INDS HLDGS INC COM 125269100 4,679 95,100 SH   DFND 9 95,100 0 0
CHEMOURS CO COM 163851108 956 64,000 SH   DFND 9 64,000 0 0
CHENIERE ENERGY PARTNERS LP COM UNIT 16411Q101 646 14,200 SH   DFND 9 14,200 0 0
CHEVRON CORP NEW COM 166764100 14,534 122,550 SH   DFND 9 122,550 0 0
CHINA LIFE INS CO LTD SPON ADR REP H 16939P106 241 20,900 SH   DFND 9 20,900 0 0
CINCINNATI FINL CORP COM 172062101 1,318 11,300 SH   DFND 9 11,300 0 0
CIT GROUP INC COM NEW 125581801 2,433 53,700 SH   DFND 9 53,700 0 0
CITIGROUP INC COM NEW 172967424 7,157 103,600 SH   DFND 9 103,600 0 0
CITIZENS FINL GROUP INC COM 174610105 2,218 62,700 SH   DFND 9 62,700 0 0
CLEARWAY ENERGY INC CL A 18539C105 227 13,100 SH   DFND 9 13,100 0 0
CLEARWAY ENERGY INC CL C 18539C204 620 33,950 SH   DFND 9 33,950 0 0
CLEVELAND CLIFFS INC COM 185899101 588 81,500 SH   DFND 9 81,500 0 0
CLOROX CO DEL COM 189054109 2,870 18,900 SH   DFND 9 18,900 0 0
CMS ENERGY CORP COM 125896100 6,728 105,200 SH   DFND 9 105,200 0 0
CNA FINL CORP COM 126117100 446 9,050 SH   DFND 9 9,050 0 0
COCA COLA CO COM 191216100 3,490 64,100 SH   DFND 9 64,100 0 0
COCA COLA EUROPEAN PARTNERS SHS G25839104 7,586 136,800 SH   DFND 9 136,800 0 0
COMPANHIA DE SANEAMENTO BASI SPONSORED ADR 20441A102 639 53,775 SH   DFND 9 53,775 0 0
COMPANHIA ENERGETICA DE MINA SP ADR N-V PFD 204409601 80 23,600 SH   DFND 9 23,600 0 0
COMPANHIA SIDERURGICA NACION SPONSORED ADR 20440W105 766 242,387 SH   DFND 9 242,387 0 0
CONAGRA BRANDS INC COM 205887102 8,511 277,398 SH   DFND 9 277,398 0 0
CONOCOPHILLIPS COM 20825C104 8,305 145,750 SH   DFND 9 145,750 0 0
CONSOLIDATED COMM HLDGS INC COM 209034107 377 79,100 SH   DFND 9 79,100 0 0
CONSOLIDATED EDISON INC COM 209115104 7,406 78,400 SH   DFND 9 78,400 0 0
COPA HOLDINGS SA CL A P31076105 2,271 23,000 SH   DFND 9 23,000 0 0
COSAN LTD SHS A G25343107 901 60,500 SH   DFND 9 60,500 0 0
CRACKER BARREL OLD CTRY STOR COM 22410J106 943 5,800 SH   DFND 9 5,800 0 0
CRH PLC ADR 12626K203 2,090 60,813 SH   DFND 9 60,813 0 0
CVR ENERGY INC COM 12662P108 2,408 54,700 SH   DFND 9 54,700 0 0
CYPRESS SEMICONDUCTOR CORP COM 232806109 5,547 237,647 SH   DFND 9 237,647 0 0
DARDEN RESTAURANTS INC COM 237194105 12,614 106,700 SH   DFND 9 106,700 0 0
DCP MIDSTREAM LP COM UT LTD PTN 23311P100 781 29,800 SH   DFND 9 29,800 0 0
DELEK US HLDGS INC NEW COM 24665A103 1,430 39,400 SH   DFND 9 39,400 0 0
DELTA AIR LINES INC DEL COM NEW 247361702 2,360 40,972 SH   DFND 9 40,972 0 0
DELUXE CORP COM 248019101 959 19,500 SH   DFND 9 19,500 0 0
DESIGNER BRANDS INC CL A 250565108 1,121 65,500 SH   DFND 9 65,500 0 0
DHT HOLDINGS INC SHS NEW Y2065G121 229 37,200 SH   DFND 9 37,200 0 0
DICKS SPORTING GOODS INC COM 253393102 1,052 25,768 SH   DFND 9 25,768 0 0
DISCOVER FINL SVCS COM 254709108 2,927 36,100 SH   DFND 9 36,100 0 0
DOMINION ENERGY INC COM 25746U109 3,558 43,907 SH   DFND 9 43,907 0 0
DOVER CORP COM 260003108 2,370 23,800 SH   DFND 9 23,800 0 0
DTE ENERGY CO COM 233331107 7,206 54,200 SH   DFND 9 54,200 0 0
DUKE ENERGY CORP NEW COM NEW 26441C204 6,662 69,500 SH   DFND 9 69,500 0 0
DXC TECHNOLOGY CO COM 23355L106 1,242 42,100 SH   DFND 9 42,100 0 0
EASTMAN CHEMICAL CO COM 277432100 938 12,700 SH   DFND 9 12,700 0 0
EATON CORP PLC SHS G29183103 10,161 122,200 SH   DFND 9 122,200 0 0
ENEL AMERICAS S A SPONSORED ADR 29274F104 1,120 122,934 SH   DFND 9 122,934 0 0
ENLINK MIDSTREAM LLC COM UNIT REP LTD 29336T100 289 34,000 SH   DFND 9 34,000 0 0
ENTERGY CORP NEW COM 29364G103 4,694 40,000 SH   DFND 9 40,000 0 0
EQUITRANS MIDSTREAM CORPORAT COM 294600101 1,032 70,900 SH   DFND 9 70,900 0 0
EVERCORE INC CLASS A 29977A105 1,842 23,000 SH   DFND 9 23,000 0 0
EVEREST RE GROUP LTD COM G3223R108 798 3,000 SH   DFND 9 3,000 0 0
EVERSOURCE ENERGY COM 30040W108 2,581 30,200 SH   DFND 9 30,200 0 0
EXTRA SPACE STORAGE INC COM 30225T102 607 5,200 SH   DFND 9 5,200 0 0
FALCON MINERALS CORP CL A COM 30607B109 138 24,066 SH   DFND 9 24,066 0 0
FEDERATED INVS INC PA CL B 314211103 253 7,800 SH   DFND 9 7,800 0 0
FIRST AMERN FINL CORP COM 31847R102 561 9,500 SH   DFND 9 9,500 0 0
FIRST HAWAIIAN INC COM 32051X108 2,916 109,221 SH   DFND 9 109,221 0 0
FIRST MERCHANTS CORP COM 320817109 230 6,100 SH   DFND 9 6,100 0 0
FIRSTENERGY CORP COM 337932107 1,370 28,400 SH   DFND 9 28,400 0 0
FORTIS INC COM 349553107 381 9,000 SH   DFND 9 9,000 0 0
FORTUNE BRANDS HOME & SEC IN COM 34964C106 2,784 50,900 SH   DFND 9 50,900 0 0
FREEPORT-MCMORAN INC CL B 35671D857 2,455 256,500 SH   DFND 9 256,500 0 0
FRONTLINE LTD SHS NEW G3682E192 214 23,550 SH   DFND 9 23,550 0 0
GANNETT CO INC COM 36473H104 121 11,300 SH   DFND 9 11,300 0 0
GARMIN LTD SHS H2906T109 1,364 16,100 SH   DFND 9 16,100 0 0
GENERAL MLS INC COM 370334104 2,558 46,400 SH   DFND 9 46,400 0 0
GENESIS ENERGY L P UNIT LTD PARTN 371927104 552 25,700 SH   DFND 9 25,700 0 0
GENTEX CORP COM 371901109 5,615 203,906 SH   DFND 9 203,906 0 0
GILEAD SCIENCES INC COM 375558103 1,458 22,997 SH   DFND 9 22,997 0 0
GREEN PLAINS INC COM 393222104 595 56,200 SH   DFND 9 56,200 0 0
GRIFOLS S A SP ADR REP B NVT 398438408 802 40,036 SH   DFND 9 40,036 0 0
GRUPO FINANCIERO GALICIA S A SPONSORED ADR 399909100 1,767 135,908 SH   DFND 9 135,908 0 0
GUESS INC COM 401617105 1,681 90,739 SH   DFND 9 90,739 0 0
HANOVER INS GROUP INC COM 410867105 596 4,400 SH   DFND 9 4,400 0 0
HARLEY DAVIDSON INC COM 412822108 968 26,900 SH   DFND 9 26,900 0 0
HASBRO INC COM 418056107 1,875 15,800 SH   DFND 9 15,800 0 0
HAWAIIAN ELEC INDUSTRIES COM 419870100 976 21,400 SH   DFND 9 21,400 0 0
HELMERICH & PAYNE INC COM 423452101 2,897 72,300 SH   DFND 9 72,300 0 0
HERSHEY CO COM 427866108 2,728 17,600 SH   DFND 9 17,600 0 0
HESS MIDSTREAM PARTNERS LP UNIT LTD PR INT 428104103 208 10,788 SH   DFND 9 10,788 0 0
HNI CORP COM 404251100 209 5,900 SH   DFND 9 5,900 0 0
HOME DEPOT INC COM 437076102 12,830 55,298 SH   DFND 9 55,298 0 0
HONEYWELL INTL INC COM 438516106 3,689 21,800 SH   DFND 9 21,800 0 0
HOPE BANCORP INC COM 43940T109 860 59,972 SH   DFND 9 59,972 0 0
HUNTINGTON BANCSHARES INC COM 446150104 788 55,200 SH   DFND 9 55,200 0 0
HUNTSMAN CORP COM 447011107 2,313 99,456 SH   DFND 9 99,456 0 0
IAA INC COM 449253103 1,294 31,000 SH   DFND 9 31,000 0 0
IDACORP INC COM 451107106 772 6,850 SH   DFND 9 6,850 0 0
INFOSYS LTD SPONSORED ADR 456788108 2,388 210,000 SH   DFND 9 210,000 0 0
INTERNATIONAL BUSINESS MACHS COM 459200101 4,886 33,600 SH   DFND 9 33,600 0 0
INTL PAPER CO COM 460146103 4,387 104,900 SH   DFND 9 104,900 0 0
INTREXON CORP COM 46122T102 86 15,000 SH   DFND 9 15,000 0 0
INVESTORS BANCORP INC NEW COM 46146L101 407 35,847 SH   DFND 9 35,847 0 0
JANUS HENDERSON GROUP PLC ORD SHS G4474Y214 840 37,400 SH   DFND 9 37,400 0 0
JOHNSON & JOHNSON COM 478160104 38,914 300,775 SH   DFND 9 300,775 0 0
JOHNSON CTLS INTL PLC SHS G51502105 1,339 30,500 SH   DFND 9 30,500 0 0
JUST ENERGY GROUP INC COM 48213W101 25 10,700 SH   DFND 9 10,700 0 0
KAR AUCTION SVCS INC COM 48238T109 776 31,600 SH   DFND 9 31,600 0 0
KELLOGG CO COM 487836108 3,539 55,000 SH   DFND 9 55,000 0 0
KENNAMETAL INC COM 489170100 320 10,400 SH   DFND 9 10,400 0 0
KEURIG DR PEPPER INC COM 49271V100 5,128 187,700 SH   DFND 9 187,700 0 0
KEYCORP NEW COM 493267108 828 46,400 SH   DFND 9 46,400 0 0
KFORCE INC COM 493732101 378 10,000 SH   DFND 9 10,000 0 0
KIMBERLY CLARK CORP COM 494368103 3,864 27,205 SH   DFND 9 27,205 0 0
KINDER MORGAN INC DEL COM 49456B101 9,338 453,077 SH   DFND 9 453,077 0 0
KLA CORPORATION COM NEW 482480100 2,902 18,200 SH   DFND 9 18,200 0 0
KULICKE & SOFFA INDS INC COM 501242101 244 10,400 SH   DFND 9 10,400 0 0
LAM RESEARCH CORP COM 512807108 4,784 20,700 SH   DFND 9 20,700 0 0
LAS VEGAS SANDS CORP COM 517834107 2,397 41,500 SH   DFND 9 41,500 0 0
LEIDOS HLDGS INC COM 525327102 1,554 18,100 SH   DFND 9 18,100 0 0
LINCOLN NATL CORP IND COM 534187109 2,539 42,100 SH   DFND 9 42,100 0 0
LIONS GATE ENTMNT CORP CL B NON VTG 535919500 230 26,300 SH   DFND 9 26,300 0 0
LOUISIANA PAC CORP COM 546347105 516 21,000 SH   DFND 9 21,000 0 0
LOWES COS INC COM 548661107 737 6,700 SH   DFND 9 6,700 0 0
LYONDELLBASELL INDUSTRIES N SHS - A - N53745100 2,604 29,100 SH   DFND 9 29,100 0 0
M & T BK CORP COM 55261F104 2,654 16,800 SH   DFND 9 16,800 0 0
M D C HLDGS INC COM 552676108 552 12,800 SH   DFND 9 12,800 0 0
MAGNOLIA OIL & GAS CORP CL A 559663109 720 64,900 SH   DFND 9 64,900 0 0
MANPOWERGROUP INC COM 56418H100 2,123 25,200 SH   DFND 9 25,200 0 0
MARATHON PETE CORP COM 56585A102 9,222 151,800 SH   DFND 9 151,800 0 0
MARRIOTT VACTINS WORLDWID CO COM 57164Y107 518 5,000 SH   DFND 9 5,000 0 0
MARSH & MCLENNAN COS INC COM 571748102 3,272 32,700 SH   DFND 9 32,700 0 0
MATCH GROUP INC COM 57665R106 3,922 54,900 SH   DFND 9 54,900 0 0
MAXAR TECHNOLOGIES INC COM 57778K105 315 41,500 SH   DFND 9 41,500 0 0
MCDONALDS CORP COM 580135101 9,447 44,000 SH   DFND 9 44,000 0 0
MDU RES GROUP INC COM 552690109 1,892 67,100 SH   DFND 9 67,100 0 0
MEDTRONIC PLC SHS G5960L103 11,992 110,400 SH   DFND 9 110,400 0 0
MERCK & CO INC COM 58933Y105 3,493 41,500 SH   DFND 9 41,500 0 0
MEREDITH CORP COM 589433101 466 12,700 SH   DFND 9 12,700 0 0
METLIFE INC COM 59156R108 4,263 90,400 SH   DFND 9 90,400 0 0
MILLER HERMAN INC COM 600544100 1,083 23,500 SH   DFND 9 23,500 0 0
MOBILE TELESYSTEMS PJSC SPONSORED ADR 607409109 1,042 128,689 SH   DFND 9 128,689 0 0
MONDELEZ INTL INC CL A 609207105 3,964 71,662 SH   DFND 9 71,662 0 0
MURPHY OIL CORP COM 626717102 3,557 160,900 SH   DFND 9 160,900 0 0
NABORS INDUSTRIES LTD SHS G6359F103 171 91,592 SH   DFND 9 91,592 0 0
NASDAQ INC COM 631103108 1,729 17,400 SH   DFND 9 17,400 0 0
NATIONAL CINEMEDIA INC COM 635309107 171 20,800 SH   DFND 9 20,800 0 0
NATIONAL FUEL GAS CO N J COM 636180101 769 16,400 SH   DFND 9 16,400 0 0
NETAPP INC COM 64110D104 2,431 46,300 SH   DFND 9 46,300 0 0
NEW JERSEY RES COM 646025106 323 7,150 SH   DFND 9 7,150 0 0
NGL ENERGY PARTNERS LP COM UNIT REPST 62913M107 1,307 93,993 SH   DFND 9 93,993 0 0
NISOURCE INC COM 65473P105 5,401 180,526 SH   DFND 9 180,526 0 0
NOBLE ENERGY INC COM 655044105 4,368 194,500 SH   DFND 9 194,500 0 0
NORDIC AMERICAN TANKERS LIMI COM G65773106 134 62,096 SH   DFND 9 62,096 0 0
NORDSTROM INC COM 655664100 2,822 83,811 SH   DFND 9 83,811 0 0
NOVO-NORDISK A S ADR 670100205 2,983 57,700 SH   DFND 9 57,700 0 0
NVENT ELECTRIC PLC SHS G6700G107 1,660 75,300 SH   DFND 9 75,300 0 0
OCCIDENTAL PETE CORP COM 674599105 2,901 65,243 SH   DFND 9 65,243 0 0
OLD REP INTL CORP COM 680223104 1,122 47,600 SH   DFND 9 47,600 0 0
OMNICOM GROUP INC COM 681919106 10,747 137,250 SH   DFND 9 137,250 0 0
ONE GAS INC COM 68235P108 1,187 12,350 SH   DFND 9 12,350 0 0
ONEOK INC NEW COM 682680103 1,474 20,000 SH   DFND 9 20,000 0 0
OTTER TAIL CORP COM 689648103 220 4,100 SH   DFND 9 4,100 0 0
P T TELEKOMUNIKASI INDONESIA SPONSORED ADR 715684106 530 17,600 SH   DFND 9 17,600 0 0
PARKER HANNIFIN CORP COM 701094104 2,176 12,050 SH   DFND 9 12,050 0 0
PATTERN ENERGY GROUP INC CL A 70338P100 749 27,800 SH   DFND 9 27,800 0 0
PATTERSON COMPANIES INC COM 703395103 887 49,800 SH   DFND 9 49,800 0 0
PEMBINA PIPELINE CORP COM 706327103 386 10,400 SH   DFND 9 10,400 0 0
PENSKE AUTOMOTIVE GRP INC COM 70959W103 1,972 41,700 SH   DFND 9 41,700 0 0
PENTAIR PLC SHS G7S00T104 363 9,600 SH   DFND 9 9,600 0 0
PEPSICO INC COM 713448108 3,729 27,200 SH   DFND 9 27,200 0 0
PHILLIPS 66 COM 718546104 11,858 115,800 SH   DFND 9 115,800 0 0
PHILLIPS 66 PARTNERS LP COM UNIT REP INT 718549207 759 13,400 SH   DFND 9 13,400 0 0
PINNACLE WEST CAP CORP COM 723484101 1,825 18,800 SH   DFND 9 18,800 0 0
PLAINS GP HLDGS L P LTD PARTNR INT A 72651A207 849 40,000 SH   DFND 9 40,000 0 0
PNC FINL SVCS GROUP INC COM 693475105 6,156 43,919 SH   DFND 9 43,919 0 0
PNM RES INC COM 69349H107 315 6,050 SH   DFND 9 6,050 0 0
PORTLAND GEN ELEC CO COM NEW 736508847 874 15,500 SH   DFND 9 15,500 0 0
PRINCIPAL FINL GROUP INC COM 74251V102 7,954 139,200 SH   DFND 9 139,200 0 0
PROCTER & GAMBLE CO COM 742718109 4,042 32,500 SH   DFND 9 32,500 0 0
PROSPECT CAPITAL CORPORATION COM 74348T102 67 10,200 SH   DFND 9 10,200 0 0
QUEST DIAGNOSTICS INC COM 74834L100 7,000 65,400 SH   DFND 9 65,400 0 0
RAYONIER ADVANCED MATLS INC COM 75508B104 136 31,467 SH   DFND 9 31,467 0 0
RAYTHEON CO COM NEW 755111507 1,530 7,800 SH   DFND 9 7,800 0 0
RELIANCE STEEL & ALUMINUM CO COM 759509102 3,176 31,871 SH   DFND 9 31,871 0 0
RELX PLC SPONSORED ADR 759530108 1,098 46,286 SH   DFND 9 46,286 0 0
REPUBLIC SVCS INC COM 760759100 4,051 46,800 SH   DFND 9 46,800 0 0
RIO TINTO PLC SPONSORED ADR 767204100 604 11,600 SH   DFND 9 11,600 0 0
ROCKWELL AUTOMATION INC COM 773903109 1,252 7,600 SH   DFND 9 7,600 0 0
ROYAL CARIBBEAN CRUISES LTD COM V7780T103 3,759 34,700 SH   DFND 9 34,700 0 0
RPM INTL INC COM 749685103 1,679 24,400 SH   DFND 9 24,400 0 0
SABRE CORP COM 78573M104 945 42,200 SH   DFND 9 42,200 0 0
SANTANDER CONSUMER USA HDG I COM 80283M101 2,182 85,526 SH   DFND 9 85,526 0 0
SCHNITZER STL INDS CL A 806882106 465 22,500 SH   DFND 9 22,500 0 0
SCHWEITZER-MAUDUIT INTL INC COM 808541106 412 11,000 SH   DFND 9 11,000 0 0
SCOTTS MIRACLE GRO CO CL A 810186106 1,283 12,600 SH   DFND 9 12,600 0 0
SEAGATE TECHNOLOGY PLC SHS G7945M107 3,674 68,308 SH   DFND 9 68,308 0 0
SEASPAN CORP SHS Y75638109 1,106 104,091 SH   DFND 9 104,091 0 0
SEMGROUP CORP CL A 81663A105 392 24,000 SH   DFND 9 24,000 0 0
SEMPRA ENERGY COM 816851109 1,830 12,400 SH   DFND 9 12,400 0 0
SENSIENT TECHNOLOGIES CORP COM 81725T100 1,414 20,600 SH   DFND 9 20,600 0 0
SHELL MIDSTREAM PARTNERS L P UNIT LTD INT 822634101 1,319 64,500 SH   DFND 9 64,500 0 0
SIX FLAGS ENTMT CORP NEW COM 83001A102 665 13,100 SH   DFND 9 13,100 0 0
SMITH & NEPHEW PLC SPDN ADR NEW 83175M205 1,632 33,900 SH   DFND 9 33,900 0 0
SMUCKER J M CO COM NEW 832696405 2,299 20,900 SH   DFND 9 20,900 0 0
SONOCO PRODS CO COM 835495102 716 12,300 SH   DFND 9 12,300 0 0
SOUTH ST CORP COM 840441109 361 4,800 SH   DFND 9 4,800 0 0
SOUTHERN CO COM 842587107 4,145 67,100 SH   DFND 9 67,100 0 0
SPIRE INC COM 84857L101 292 3,350 SH   DFND 9 3,350 0 0
SPOK HLDGS INC COM 84863T106 155 13,000 SH   DFND 9 13,000 0 0
STARBUCKS CORP COM 855244109 4,518 51,100 SH   DFND 9 51,100 0 0
SUNCOR ENERGY INC NEW COM 867224107 2,659 84,200 SH   DFND 9 84,200 0 0
SYNCHRONY FINL COM 87165B103 10,542 309,233 SH   DFND 9 309,233 0 0
SYNOVUS FINL CORP COM NEW 87161C501 1,427 39,900 SH   DFND 9 39,900 0 0
SYSCO CORP COM 871829107 8,591 108,200 SH   DFND 9 108,200 0 0
TAITRON COMPONENTS INC CL A 874028103 52 18,500 SH   DFND 9 18,500 0 0
TALLGRASS ENERGY LP CLASS A SHS 874696107 1,184 58,800 SH   DFND 9 58,800 0 0
TAPESTRY INC COM 876030107 1,465 56,253 SH   DFND 9 56,253 0 0
TARGET CORP COM 87612E106 3,688 34,500 SH   DFND 9 34,500 0 0
TARO PHARMACEUTICAL INDS LTD SHS M8737E108 264 3,495 SH   DFND 9 3,495 0 0
TC ENERGY CORP COM 87807B107 2,356 45,500 SH   DFND 9 45,500 0 0
TC PIPELINES LP UT COM LTD PRT 87233Q108 866 21,300 SH   DFND 9 21,300 0 0
TCF FINANCIAL CORPORATION NE COM 872307103 320 8,400 SH   DFND 9 8,400 0 0
TEEKAY CORPORATION COM Y8564W103 330 82,538 SH   DFND 9 82,538 0 0
TEGNA INC COM 87901J105 584 37,586 SH   DFND 9 37,586 0 0
TELECOM ARGENTINA S A SPON ADR REP B 879273209 324 32,411 SH   DFND 9 32,411 0 0
TELUS CORP COM 87971M103 260 7,300 SH   DFND 9 7,300 0 0
TERNIUM SA SPONSORED ADS 880890108 791 41,200 SH   DFND 9 41,200 0 0
TFS FINL CORP COM 87240R107 245 13,600 SH   DFND 9 13,600 0 0
THOMSON REUTERS CORP COM NEW 884903709 1,471 22,000 SH   DFND 9 22,000 0 0
TIMKEN CO COM 887389104 479 11,000 SH   DFND 9 11,000 0 0
TPG SPECIALTY LENDING INC COM 87265K102 254 12,100 SH   DFND 9 12,100 0 0
TRANSPORTADORA DE GAS SUR SPONSORED ADS B 893870204 923 108,700 SH   DFND 9 108,700 0 0
TRUSTCO BK CORP N Y COM 898349105 129 15,850 SH   DFND 9 15,850 0 0
TUPPERWARE BRANDS CORP COM 899896104 348 21,900 SH   DFND 9 21,900 0 0
TYSON FOODS INC CL A 902494103 13,421 155,800 SH   DFND 9 155,800 0 0
U S SILICA HLDGS INC COM 90346E103 676 70,662 SH   DFND 9 70,662 0 0
UGI CORP NEW COM 902681105 1,506 29,963 SH   DFND 9 29,963 0 0
UNILEVER PLC SPON ADR NEW 904767704 2,194 36,500 SH   DFND 9 36,500 0 0
UNION PACIFIC CORP COM 907818108 4,001 24,700 SH   DFND 9 24,700 0 0
UNITED BANKSHARES INC WEST V COM 909907107 258 6,800 SH   DFND 9 6,800 0 0
US BANCORP DEL COM NEW 902973304 784 14,168 SH   DFND 9 14,168 0 0
V F CORP COM 918204108 2,848 32,000 SH   DFND 9 32,000 0 0
VALLEY NATL BANCORP COM 919794107 557 51,261 SH   DFND 9 51,261 0 0
VALVOLINE INC COM 92047W101 1,091 49,539 SH   DFND 9 49,539 0 0
VECTOR GROUP LTD COM 92240M108 156 13,100 SH   DFND 9 13,100 0 0
VEON LTD SPONSORED ADR 91822M106 240 100,000 SH   DFND 9 100,000 0 0
VERIZON COMMUNICATIONS INC COM 92343V104 3,024 50,100 SH   DFND 9 50,100 0 0
WADDELL & REED FINL INC CL A 930059100 541 31,500 SH   DFND 9 31,500 0 0
WALMART INC COM 931142103 3,658 30,826 SH   DFND 9 30,826 0 0
WASHINGTON FED INC COM 938824109 836 22,600 SH   DFND 9 22,600 0 0
WASTE MGMT INC DEL COM 94106L109 2,875 25,000 SH   DFND 9 25,000 0 0
WEC ENERGY GROUP INC COM 92939U106 8,293 87,200 SH   DFND 9 87,200 0 0
WENDYS CO COM 95058W100 1,270 63,570 SH   DFND 9 63,570 0 0
WESTERN DIGITAL CORP COM 958102105 2,576 43,200 SH   DFND 9 43,200 0 0
WESTERN UN CO COM 959802109 2,123 91,626 SH   DFND 9 91,626 0 0
WHIRLPOOL CORP COM 963320106 4,687 29,600 SH   DFND 9 29,600 0 0
WILEY JOHN & SONS INC CL A 968223206 834 18,970 SH   DFND 9 18,970 0 0
WILLIAMS COS INC DEL COM 969457100 4,579 190,300 SH   DFND 9 190,300 0 0
WORTHINGTON INDS INC COM 981811102 458 12,700 SH   DFND 9 12,700 0 0
WPP PLC NEW ADR 92937A102 2,122 33,900 SH   DFND 9 33,900 0 0
WYNDHAM DESTINATIONS INC COM 98310W108 3,386 73,579 SH   DFND 9 73,579 0 0
WYNN RESORTS LTD COM 983134107 1,793 16,488 SH   DFND 9 16,488 0 0
XCEL ENERGY INC COM 98389B100 3,965 61,100 SH   DFND 9 61,100 0 0
XEROX HOLDINGS CORP COM NEW 98421M106 2,462 82,315 SH   DFND 9 82,315 0 0
ZIONS BANCORPORATION N A COM 989701107 2,707 60,800 SH   DFND 9 60,800 0 0