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

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COLUMN 1COLUMN 2COLUMN 3COLUMN 4COLUMN 5COLUMN 6COLUMN 7COLUMN 8
VALUESHRS ORSH/PUT/INVESTMENTOTHERVOTING AUTHORITY
NAME OF ISSUERTITLE OF CLASSCUSIP(x$1000)PRN AMTPRNCALLDISCRETIONMANAGERSOLESHAREDNONE
Abbvie IncCOM00287Y1091,66622,000SH SOLE 1,66600
Air Lease CorpCL A00912X3022,09150,000SH SOLE 2,09100
Bank Of Amer CorpCOM06050510493332,000SH SOLE 93300
Barclays PLCADR06738E2041,527208,000SH SOLE 1,52700
Bausch Health Cos IncCOM07173410730614,000SH SOLE 30600
Cigna CorpCOM1255231004,85732,000SH SOLE 4,85700
Citigroup IncCOM NEW1729674243,45450,000SH SOLE 3,45400
Clearbridge MLP and MidstrmCOM18469210122820,000SH SOLE 22800
CVS Health CorpCOM12665010014,294226,634SH SOLE 14,29400
FedEx CorpCOM31428X1068736,000SH SOLE 87300
Goldman Sachs Group IncCOM38141G1041,6588,000SH SOLE 1,65800
Honda Motor Co LtdAMERN SHS4381283084,381168,000SH SOLE 4,38100
Lincoln National Corp IndCOM5341871094,11468,200SH SOLE 4,11400
Metlife IncCOM59156R1081,13224,000SH SOLE 1,13200
MGIC Investment CorpCOM5528481032,264180,000SH SOLE 2,26400
Morgan StanleyCOM NEW6174464482,13450,000SH SOLE 2,13400
NMI Holdings IncCL A6292093052,731104,000SH SOLE 2,73100
Prudential Financial IncCOM74432010290010,000SH SOLE 90000
Royal Bank of Scotland Group PLCSPONS ADR 2 ORD780097689816160,000SH SOLE 81600
State Street CorpCOM8574771032,27338,400SH SOLE 2,27300
UBS Group AGSHSH420971071,810160,000SH SOLE 1,81000
Viacom IncCL B92553P20110,862452,000SH SOLE 10,86200
Walgreens Boots Alliance IncCOM9314271086,969126,000SH SOLE 6,96900
Wells Fargo CoCOM9497461012,01840,000SH SOLE 2,01800