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
Advanced Energy Inds CS 007973100 558 6,123 SH   DFND 1 6,123 0 0
Alamos Gold Inc CS 011532108 1,583 205,897 SH   DFND 1 205,897 0 0
Alexander's Inc CS 014752109 668 2,566 SH   DFND 1 2,566 0 0
Alico Inc CS 016230104 469 12,670 SH   DFND 1 12,670 0 0
American National Group Inc CS 02772A109 2,379 12,597 SH   DFND 1 12,597 0 0
American Woodmark Corp CS 030506109 1,388 21,288 SH   DFND 1 21,288 0 0
Argan Inc CS 04010e109 2,582 66,724 SH   DFND 1 66,724 0 0
Associated Banc Corp CS 045487105 1,141 50,493 SH   DFND 1 50,493 0 0
Avista Corp CS 05379B107 2,081 48,978 SH   DFND 1 48,978 0 0
AZZ Inc CS 002474104 1,246 22,544 SH   DFND 1 22,544 0 0
Benchmark Electronics Inc CS 08160H101 1,339 49,399 SH   DFND 1 49,399 0 0
Bioventus Inc CS 09075a108 697 48,079 SH   DFND 1 48,079 0 0
Bryn Mawr Bank Corp CS 117665109 601 13,359 SH   DFND 1 13,359 0 0
Cal Maine Foods Inc CS 128030202 2,203 59,549 SH   DFND 1 59,549 0 0
Camden National Corp CS 133034108 1,987 41,252 SH   DFND 1 41,252 0 0
CareTrust REIT Inc CS 14174t107 999 43,754 SH   DFND 1 43,754 0 0
Cathay General Bancorp CS 149150104 775 18,021 SH   DFND 1 18,021 0 0
Civitas Resources Inc CS 17888h103 391 7,981 SH   DFND 1 7,981 0 0
CMC Materials Inc CS 12571T100 797 4,159 SH   DFND 1 4,159 0 0
Compass Minerals International CS 20451N101 891 17,448 SH   DFND 1 17,448 0 0
CSG Systems International Inc CS 126349109 2,288 39,708 SH   DFND 1 39,708 0 0
CTO Realty Growth Inc CS 22948Q101 1,987 32,346 SH   DFND 1 32,346 0 0
DHT Holdings Inc CS y2065g121 1,564 301,256 SH   DFND 1 301,256 0 0
Diamond Hill Investment Grp CS 25264R207 2,325 11,968 SH   DFND 1 11,968 0 0
Edgewell Personal Care CS 28035Q102 1,473 32,217 SH   DFND 1 32,217 0 0
Employers Holdings CS 292218104 2,663 64,349 SH   DFND 1 64,349 0 0
Encore Wire Corp CS 292562105 648 4,527 SH   DFND 1 4,527 0 0
Energizer Hldgs Inc CS 29272W109 829 20,661 SH   DFND 1 20,661 0 0
Equity Commonwealth CS 294628102 2,319 89,551 SH   DFND 1 89,551 0 0
Fresh Del Monte Produce Inc CS G36738105 1,185 42,923 SH   DFND 1 42,923 0 0
Getty Realty Corp CS 374297109 2,208 68,814 SH   DFND 1 68,814 0 0
Haemonetics Corp CS 405024100 812 15,309 SH   DFND 1 15,309 0 0
Hanger Inc CS 41043F208 632 34,861 SH   DFND 1 34,861 0 0
Heartland Express Inc CS 422347104 3,006 178,715 SH   DFND 1 178,715 0 0
Hooker Furniture Corp CS 439038100 1,082 46,482 SH   DFND 1 46,482 0 0
Hostess Brands Inc CS 44109J106 1,533 75,063 SH   DFND 1 75,063 0 0
John B Sanfilippo & Son Inc CS 800422107 2,308 25,600 SH   DFND 1 25,600 0 0
Johnson Outdoors Inc CS 479167108 991 10,574 SH   DFND 1 10,574 0 0
KAR Auction Services Inc CS 48238T109 530 33,912 SH   DFND 1 33,912 0 0
Magellan Health Inc CS 559079207 627 6,603 SH   DFND 1 6,603 0 0
Methode Electronics Inc CS 591520200 1,002 20,383 SH   DFND 1 20,383 0 0
Mission Produce Inc CS 60510V108 505 32,149 SH   DFND 1 32,149 0 0
Murphy USA Inc CS 626755102 3,247 16,297 SH   DFND 1 16,297 0 0
National Energy Services Reuni CS g6375r107 1,434 151,788 SH   DFND 1 151,788 0 0
National Healthcare Corp CS 635906100 2,311 34,019 SH   DFND 1 34,019 0 0
Nelnet Inc CS 64031N108 1,800 18,429 SH   DFND 1 18,429 0 0
NewMarket Corp CS 651587107 691 2,017 SH   DFND 1 2,017 0 0
NextGen Healthcare Inc CS 65343c102 633 35,556 SH   DFND 1 35,556 0 0
Northwestern Corp CS 668074305 549 9,605 SH   DFND 1 9,605 0 0
Piedmont Office Realty Tr Inc CS 720190206 1,954 106,317 SH   DFND 1 106,317 0 0
Plexus Corp CS 729132100 761 7,932 SH   DFND 1 7,932 0 0
Portland General Electric Co CS 736508847 1,793 33,886 SH   DFND 1 33,886 0 0
Preformed Line Products Co CS 740444104 574 8,867 SH   DFND 1 8,867 0 0
Prestige Consumer Healthcare I CS 74112D101 2,106 34,720 SH   DFND 1 34,720 0 0
QCR Holdings Inc CS 74727a104 1,473 26,299 SH   DFND 1 26,299 0 0
Safety Insurance Group Inc CS 78648T100 3,087 36,306 SH   DFND 1 36,306 0 0
Sally Beauty Holdings Inc CS 79546E104 506 27,416 SH   DFND 1 27,416 0 0
Sanderson Farms Inc CS 800013104 1,875 9,812 SH   DFND 1 9,812 0 0
Southwest Gas Holdings Inc CS 844895102 3,163 45,154 SH   DFND 1 45,154 0 0
Spire Inc CS 84857L101 2,150 32,965 SH   DFND 1 32,965 0 0
Sprouts Farmers Market Inc CS 85208m102 1,445 48,687 SH   DFND 1 48,687 0 0
Standard Motor Products Inc CS 853666105 2,973 56,746 SH   DFND 1 56,746 0 0
Stepan Co CS 858586100 735 5,911 SH   DFND 1 5,911 0 0
Stewart Information Services C CS 860372101 2,689 33,727 SH   DFND 1 33,727 0 0
Stonex Group Inc CS 861896108 3,204 52,313 SH   DFND 1 52,313 0 0
Treehouse Foods Inc CS 89469A104 1,082 26,695 SH   DFND 1 26,695 0 0
Tri Pointe Group Inc CS 87265H109 3,268 117,166 SH   DFND 1 117,166 0 0
Vishay Intertechnology Inc CS 928298108 991 45,295 SH   DFND 1 45,295 0 0
Washington Federal CS 938824109 2,125 63,663 SH   DFND 1 63,663 0 0
Washington Trust Bancorp CS 940610108 1,914 33,946 SH   DFND 1 33,946 0 0
Waterstone Financial Inc CS 94188P101 1,981 90,637 SH   DFND 1 90,637 0 0
Weis Markets Inc CS 948849104 2,535 38,473 SH   DFND 1 38,473 0 0
Werner Enterprises Inc CS 950755108 2,285 47,939 SH   DFND 1 47,939 0 0
White Mountains Insurance Grou CS G9618E107 1,620 1,598 SH   DFND 1 1,598 0 0