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
SK TELECOM LTD SPONSORED ADR 78440P108 436 15,652 SH   DFND   15,652 0 0
ROPER TECHNOLOGIES INC COM 776696106 219 739 SH   DFND   739 0 0
COPART INC COM 217204106 396 7,686 SH   DFND   7,686 0 0
ERICSSON ADR B SEK 10 294821608 1,055 119,924 SH   DFND   119,924 0 0
O REILLY AUTOMOTIVE INC NEW COM 67103H107 347 1,000 SH   DFND   1,000 0 0
INGERSOLL-RAND PLC SHS G47791101 215 2,100 SH   DFND   2,100 0 0
BANK AMER CORP COM 060505104 311 10,550 SH   DFND   10,550 0 0
RPM INTL INC COM 749685103 343 5,279 SH   DFND   5,279 0 0
AVERY DENNISON CORP COM 053611109 491 4,532 SH   DFND   4,532 0 0
MOSAIC CO NEW COM 61945C103 202 6,220 SH   DFND   6,220 0 0
SHIRE PLC SPONSORED ADR 82481R106 249 1,375 SH   DFND   1,375 0 0
NVIDIA CORP COM 67066G104 225 800 SH   DFND   800 0 0
BORGWARNER INC COM 099724106 248 5,792 SH   DFND   5,792 0 0
SVB FINL GROUP COM 78486Q101 311 1,000 SH   DFND   1,000 0 0
SIGNET JEWELERS LIMITED SHS G81276100 905 13,730 SH   DFND   13,730 0 0
CORNING INC COM 219350105 581 16,468 SH   DFND   16,468 0 0
NORTHERN TR CORP COM 665859104 229 2,246 SH   DFND   2,246 0 0
QUALCOMM INC COM 747525103 254 3,531 SH   DFND   3,531 0 0
RITE AID CORP COM 767754104 71 55,509 SH   DFND   55,509 0 0
EAST WEST BANCORP INC COM 27579R104 259 4,298 SH   DFND   4,298 0 0
MDU RES GROUP INC COM 552690109 417 16,221 SH   DFND   16,221 0 0
LENNAR CORP CL A 526057104 308 6,602 SH   DFND   6,602 0 0
BAUSCH HEALTH COS INC COM A 071734107 220 8,561 SH   DFND   8,561 0 0
SEMPRA ENERGY COM 816851109 355 3,120 SH   DFND   3,120 0 0
THOR INDS INC COM 885160101 344 4,109 SH   DFND   4,109 0 0
DIAGEO P L C SPON ADR NEW 25243Q205 400 2,821 SH   DFND   2,821 0 0
TOYOTA MOTOR CORP SP ADR REP2COM 892331307 294 2,367 SH   DFND   2,367 0 0
TEXTRON INC COM 883203101 204 2,860 SH   DFND   2,860 0 0
M & T BK CORP COM 55261F104 263 1,600 SH   DFND   1,600 0 0
JPMORGAN CHASE & CO COM 46625H100 468 4,150 SH   DFND   4,150 0 0
CADENCE DESIGN SYSTEM INC COM 127387108 207 4,561 SH   DFND   4,561 0 0
ACTIVISION BLIZZARD INC COM 00507V109 208 2,500 SH   DFND   2,500 0 0
DAVITA INC COM 23918K108 306 4,265 SH   DFND   4,265 0 0
KANSAS CITY SOUTHERN COM NEW 485170302 249 2,200 SH   DFND   2,200 0 0
SNAP ON INC COM 833034101 338 1,842 SH   DFND   1,842 0 0
SOUTHERN CO COM 842587107 536 12,294 SH   DFND   12,294 0 0
COGNEX CORP COM 192422103 252 4,512 SH   DFND   4,512 0 0
ALTRIA GROUP INC COM 02209S103 1,203 19,942 SH   DFND   19,942 0 0
BERKSHIRE HATHAWAY INC DEL CL B NEW 084670702 278 1,300 SH   DFND   1,300 0 0
TAIWAN SEMICONDUCTOR MFG LTD SPONSORED ADR 874039100 221 5,001 SH   DFND   5,001 0 0
WILLIAMS SONOMA INC COM 969904101 589 8,964 SH   DFND   8,964 0 0
CA INC COM 12673P105 572 12,967 SH   DFND   12,967 0 0
MORGAN STANLEY COM NEW 617446448 226 4,855 SH   DFND   4,855 0 0
KINROSS GOLD CORP COM NO PAR 496902404 99 36,736 SH   DFND   36,736 0 0
WALMART INC COM 931142103 1,065 11,340 SH   DFND   11,340 0 0
COCA COLA EUROPEAN PARTNERS SHS G25839104 967 21,275 SH   DFND   21,275 0 0
IDEX CORP COM 45167R104 1,042 6,918 SH   DFND   6,918 0 0
FOREST CITY RLTY TR INC COM CL A 345605109 2,831 112,820 SH   DFND   112,820 0 0
POLARIS INDS INC COM 731068102 252 2,500 SH   DFND   2,500 0 0
CASEYS GEN STORES INC COM 147528103 487 3,770 SH   DFND   3,770 0 0
W R BERKLEY CORPORATION COM 084423102 258 3,226 SH   DFND   3,226 0 0
TWENTY FIRST CENTY FOX INC CL B 90130A200 492 10,731 SH   DFND   10,731 0 0
MIDDLEBY CORP COM 596278101 979 7,565 SH   DFND   7,565 0 0
AMPHENOL CORP NEW CL A 032095101 238 2,530 SH   DFND   2,530 0 0
AUTODESK INC COM 052769106 1,369 8,770 SH   DFND   8,770 0 0
SMUCKER J M CO COM NEW 832696405 1,370 13,353 SH   DFND   13,353 0 0
PNC FINL SVCS GROUP INC COM 693475105 259 1,900 SH   DFND   1,900 0 0
CANADIAN NATL RY CO COM 136375102 206 2,294 SH   DFND   2,294 0 0
PG&E CORP COM 69331C108 396 8,601 SH   DFND   8,601 0 0
BEMIS INC COM 081437105 312 6,412 SH   DFND   6,412 0 0
WELLS FARGO CO NEW COM 949746101 315 6,000 SH   DFND   6,000 0 0
APTARGROUP INC COM 038336103 294 2,731 SH   DFND   2,731 0 0
PEPSICO INC COM 713448108 229 2,045 SH   DFND   2,045 0 0
CONAGRA BRANDS INC COM 205887102 3,983 117,243 SH   DFND   117,243 0 0
CHESAPEAKE ENERGY CORP COM 165167107 82 18,209 SH   DFND   18,209 0 0
HERSHEY CO COM 427866108 245 2,400 SH   DFND   2,400 0 0
TWENTY FIRST CENTY FOX INC CL A 90130A101 399 8,605 SH   DFND   8,605 0 0
CITRIX SYS INC COM 177376100 311 2,800 SH   DFND   2,800 0 0
REGENERON PHARMACEUTICALS COM 75886F107 259 640 SH   DFND   640 0 0
AVNET INC COM 053807103 311 6,944 SH   DFND   6,944 0 0
KELLOGG CO COM 487836108 708 10,108 SH   DFND   10,108 0 0
MANULIFE FINL CORP COM 56501R106 301 16,843 SH   DFND   16,843 0 0
UNION PAC CORP COM 907818108 4,429 27,203 SH   DFND   27,203 0 0
GENERAL ELECTRIC CO COM 369604103 1,272 112,692 SH   DFND   112,692 0 0
PULTE GROUP INC COM 745867101 218 8,786 SH   DFND   8,786 0 0
HARRIS CORP DEL COM 413875105 248 1,464 SH   DFND   1,464 0 0
CENTURYLINK INC COM 156700106 296 13,975 SH   DFND   13,975 0 0
MOLSON COORS BREWING CO CL B 60871R209 640 10,410 SH   DFND   10,410 0 0
WEYERHAEUSER CO COM 962166104 299 9,266 SH   DFND   9,266 0 0
GRAINGER W W INC COM 384802104 351 983 SH   DFND   983 0 0
DENTSPLY SIRONA INC COM 24906P109 276 7,314 SH   DFND   7,314 0 0
INGREDION INC COM 457187102 415 3,955 SH   DFND   3,955 0 0
ROYAL CARIBBEAN CRUISES LTD COM V7780T103 247 1,900 SH   DFND   1,900 0 0
CONSOLIDATED EDISON INC COM 209115104 684 8,971 SH   DFND   8,971 0 0
CSX CORP COM 126408103 269 3,628 SH   DFND   3,628 0 0
HUNT J B TRANS SVCS INC COM 445658107 282 2,369 SH   DFND   2,369 0 0
PEOPLES UNITED FINANCIAL INC COM 712704105 771 45,061 SH   DFND   45,061 0 0
ASHLAND GLOBAL HLDGS INC COM 044186104 285 3,394 SH   DFND   3,394 0 0
COMMERCE BANCSHARES INC COM 200525103 272 4,115 SH   DFND   4,115 0 0
SYNOPSYS INC COM 871607107 1,479 15,002 SH   DFND   15,002 0 0
BIOGEN INC COM 09062X103 318 900 SH   DFND   900 0 0
KIMBERLY CLARK CORP COM 494368103 401 3,531 SH   DFND   3,531 0 0
MEDTRONIC PLC SHS G5960L103 541 5,496 SH   DFND   5,496 0 0
LOWES COS INC COM 548661107 826 7,191 SH   DFND   7,191 0 0
TARGET CORP COM 87612E106 458 5,197 SH   DFND   5,197 0 0
JOHNSON CTLS INTL PLC SHS G51502105 337 9,637 SH   DFND   9,637 0 0
EQT CORP COM 26884L109 509 11,500 SH   DFND   11,500 0 0
WEST PHARMACEUTICAL SVSC INC COM 955306105 574 4,649 SH   DFND   4,649 0 0
JACOBS ENGR GROUP INC DEL COM 469814107 288 3,770 SH   DFND   3,770 0 0
EXPRESS SCRIPTS HLDG CO COM 30219G108 2,356 24,795 SH   DFND   24,795 0 0
PRAXAIR INC COM 74005P104 434 2,698 SH   DFND   2,698 0 0
CAMPBELL SOUP CO COM 134429109 3,083 84,169 SH   DFND   84,169 0 0
NORFOLK SOUTHERN CORP COM 655844108 2,983 16,528 SH   DFND   16,528 0 0
HENRY JACK & ASSOC INC COM 426281101 3,468 21,664 SH   DFND   21,664 0 0
TEVA PHARMACEUTICAL INDS LTD SPONSORED ADR 881624209 407 18,903 SH   DFND   18,903 0 0
BED BATH & BEYOND INC COM 075896100 2,101 140,069 SH   DFND   140,069 0 0
C H ROBINSON WORLDWIDE INC COM NEW 12541W209 1,676 17,113 SH   DFND   17,113 0 0
HASBRO INC COM 418056107 274 2,610 SH   DFND   2,610 0 0
CENTERPOINT ENERGY INC COM 15189T107 737 26,638 SH   DFND   26,638 0 0
GOLDMAN SACHS GROUP INC COM 38141G104 1,317 5,873 SH   DFND   5,873 0 0
FLIR SYS INC COM 302445101 304 4,938 SH   DFND   4,938 0 0
ROCKWELL AUTOMATION INC COM 773903109 225 1,200 SH   DFND   1,200 0 0
NOVARTIS A G SPONSORED ADR 66987V109 451 5,237 SH   DFND   5,237 0 0
PERKINELMER INC COM 714046109 461 4,739 SH   DFND   4,739 0 0
TOLL BROTHERS INC COM 889478103 507 15,342 SH   DFND   15,342 0 0
JEFFERIES FINL GROUP INC COM 47233W109 417 18,985 SH   DFND   18,985 0 0
SMITH A O COM 831865209 352 6,601 SH   DFND   6,601 0 0