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
Advansix Inc CS 00773t101 615 25,250 SH   DFND 1 25,250 0 0
Alamos Gold Inc CS 011532108 1,358 377,190 SH   DFND 1 377,190 0 0
Americold Realty Trust CS 03064D108 963 37,688 SH   DFND 1 37,688 0 0
Andersons Inc CS 034164103 1,071 35,848 SH   DFND 1 35,848 0 0
Argan Inc CS 04010e109 1,959 51,779 SH   DFND 1 51,779 0 0
Argo Group International CS g0464b107 1,696 25,218 SH   DFND 1 25,218 0 0
Astec Industries Inc CS 046224101 1,880 62,278 SH   DFND 1 62,278 0 0
Bank of Hawaii Corp CS 062540109 2,452 36,422 SH   DFND 1 36,422 0 0
Big Lots Inc CS 089302103 1,933 66,854 SH   DFND 1 66,854 0 0
Bryn Mawr Bank Corp CS 117665109 1,971 57,304 SH   DFND 1 57,304 0 0
Cal Maine Foods Inc CS 128030202 1,268 29,971 SH   DFND 1 29,971 0 0
Centerstate Bank Corp CS 15201P109 1,943 92,326 SH   DFND 1 92,326 0 0
Chemical Financial Corp CS 163731102 2,532 69,175 SH   DFND 1 69,175 0 0
Columbia Property Trust Inc CS 198287203 2,559 132,231 SH   DFND 1 132,231 0 0
CSG Systems International Inc CS 126349109 1,973 62,098 SH   DFND 1 62,098 0 0
Darling Ingredients Inc CS 237266101 1,547 80,425 SH   DFND 1 80,425 0 0
Donnelley Financial Solution CS 25787G100 1,077 76,761 SH   DFND 1 76,761 0 0
Encore Wire Corp CS 292562105 1,469 29,274 SH   DFND 1 29,274 0 0
Enpro Industries Inc CS 29355x107 2,182 36,304 SH   DFND 1 36,304 0 0
Equity Commonwealth CS 294628102 2,816 93,841 SH   DFND 1 93,841 0 0
First Financial Bancorp CS 320209109 2,858 120,505 SH   DFND 1 120,505 0 0
First Merchants Corp CS 320817109 2,456 71,672 SH   DFND 1 71,672 0 0
Forward Air Corp CS 349853101 1,580 28,802 SH   DFND 1 28,802 0 0
Granite Point Mortgage Trust CS 38741L107 932 51,694 SH   DFND 1 51,694 0 0
Graphic Packaging Holding Co CS 388689101 2,572 241,765 SH   DFND 1 241,765 0 0
Greenbrier Companies Inc CS 393657101 1,897 47,988 SH   DFND 1 47,988 0 0
Heartland Express Inc CS 422347104 2,463 134,569 SH   DFND 1 134,569 0 0
Horace Mann Educators Corp CS 440327104 895 23,906 SH   DFND 1 23,906 0 0
Hostess Brands Inc CS 44109J106 2,523 230,587 SH   DFND 1 230,587 0 0
Innospec Inc CS 45768S105 1,107 17,923 SH   DFND 1 17,923 0 0
Interdigital Inc CS 45867G101 2,413 36,321 SH   DFND 1 36,321 0 0
John B. Sanfilippo & Son Inc CS 800422107 1,571 28,225 SH   DFND 1 28,225 0 0
Knoll Inc CS 498904200 1,816 110,216 SH   DFND 1 110,216 0 0
La Z Boy Inc CS 505336107 1,585 57,187 SH   DFND 1 57,187 0 0
LegacyTexas Financial Group CS 52471Y106 2,207 68,770 SH   DFND 1 68,770 0 0
Magellan Health Inc CS 559079207 2,204 38,744 SH   DFND 1 38,744 0 0
MTS Systems Corp CS 553777103 1,267 31,572 SH   DFND 1 31,572 0 0
Northwest Bancshares CS 667340103 2,381 140,526 SH   DFND 1 140,526 0 0
Northwestern Corp CS 668074305 2,413 40,591 SH   DFND 1 40,591 0 0
Plexus Corp CS 729132100 1,385 27,108 SH   DFND 1 27,108 0 0
PNM Resources Inc CS 69349H107 1,237 30,110 SH   DFND 1 30,110 0 0
Portland General Electric Co CS 736508847 1,229 26,806 SH   DFND 1 26,806 0 0
Primoris Services Corp CS 74164f103 1,889 98,734 SH   DFND 1 98,734 0 0
ProAssurance Corp CS 74267C106 632 15,570 SH   DFND 1 15,570 0 0
PS Business Parks Inc/Ca CS 69360J107 608 4,641 SH   DFND 1 4,641 0 0
Regal Beloit Corp CS 758750103 2,189 31,245 SH   DFND 1 31,245 0 0
Renasant Corp CS 75970e107 2,459 81,468 SH   DFND 1 81,468 0 0
Rev Group Inc CS 749527107 1,651 219,870 SH   DFND 1 219,870 0 0
RPC Inc CS 749660106 1,895 192,028 SH   DFND 1 192,028 0 0
Sabra Health Care Reit Inc CS 78573L106 1,903 115,444 SH   DFND 1 115,444 0 0
Sanderson Farms Inc CS 800013104 2,331 23,479 SH   DFND 1 23,479 0 0
Select Medical Holdings Corp CS 81619Q105 877 57,160 SH   DFND 1 57,160 0 0
Silgan Holdings Inc CS 827048109 2,633 111,469 SH   DFND 1 111,469 0 0
SRC Energy Inc CS 78470V108 1,938 412,368 SH   DFND 1 412,368 0 0
Stepan Co CS 858586100 921 12,450 SH   DFND 1 12,450 0 0
Synnex Corp CS 87162W100 1,439 17,805 SH   DFND 1 17,805 0 0
Tech Data Corp CS 878237106 922 11,270 SH   DFND 1 11,270 0 0
Thor Inds Inc CS 885160101 2,158 41,500 SH   DFND 1 41,500 0 0
Treehouse Foods Inc CS 89469A104 2,321 45,773 SH   DFND 1 45,773 0 0
UMB Financial Corp CS 902788108 2,278 37,360 SH   DFND 1 37,360 0 0
Valmont Industries Inc CS 920253101 1,507 13,579 SH   DFND 1 13,579 0 0
Valvoline Inc CS 92047W101 2,074 107,170 SH   DFND 1 107,170 0 0
Visteon Corp CS 92839U206 1,505 24,970 SH   DFND 1 24,970 0 0
Washington Federal CS 938824109 2,795 104,629 SH   DFND 1 104,629 0 0
Wesco International Inc CS 95082P105 2,219 46,219 SH   DFND 1 46,219 0 0
White Mountains Insurance Grou CS G9618E107 2,444 2,850 SH   DFND 1 2,850 0 0
Zagg Inc CS 98884U108 667 68,219 SH   DFND 1 68,219 0 0
iShares Russell 2000 Value EF 464287630 2,025 18,834 SH   DFND 1 18,834 0 0