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 289 3,247 SH   DFND 1 3,247 0 0
ACCENTURE PLC IRELAND SHS CLASS A G1151C101 294 2,178 SH   DFND 1 2,178 0 0
ADVANCE AUTO PARTS INC COM 00751Y106 31,311 315,639 SH   DFND 1 302,250 0 13,389
AGRIUM INC COM 008916108 5,339 49,796 SH   DFND 1 49,796 0 0
ALBANY INTL CORP CL A 012348108 81,470 1,419,341 SH   DFND 1,2 1,419,341 0 0
ALLERGAN PLC SHS G0177J108 28,073 136,976 SH   DFND 1 131,243 0 5,733
ALPHABET INC CAP STK CL A 02079K305 42,430 43,575 SH   DFND 1 41,386 0 2,189
AMERIS BANCORP COM 03076K108 60,186 1,253,876 SH   DFND 1,2 1,253,876 0 0
ANTHEM INC COM 036752103 1,215 6,400 SH   DFND 1 6,400 0 0
AON PLC SHS CL A G0408V102 87,658 599,987 SH   DFND 1 579,881 0 20,106
APACHE CORP COM 037411105 3,251 70,982 SH   DFND 1 70,982 0 0
APARTMENT INVT & MGMT CO CL A 03748R101 7,693 175,395 SH   DFND 1 175,395 0 0
APOGEE ENTERPRISES INC COM 037598109 24,799 513,872 SH   DFND 1,2 513,872 0 0
APPLE INC COM 037833100 535 3,472 SH   DFND 1 3,472 0 0
ARES CAP CORP COM 04010L103 19,269 1,175,628 SH   DFND 1 1,175,628 0 0
ARRIS INTL INC SHS G0551A103 13,374 469,419 SH   DFND 1,2 469,419 0 0
ASTRAZENECA PLC SPONSORED ADR 046353108 19,578 577,875 SH   DFND 1 577,875 0 0
AXIS CAPITAL HOLDINGS LTD SHS G0692U109 70,757 1,234,639 SH   DFND 1,2 1,232,114 0 2,525
B RILEY FINL INC COM 05580M108 12,103 709,864 SH   DFND 1 709,864 0 0
BANK AMER CORP COM 060505104 71,831 2,834,695 SH   DFND 1 2,721,759 0 112,936
BANK OF NT BUTTERFIELD&SON L SHS NEW G0772R208 123,681 3,375,583 SH   DFND 1,2 3,375,510 0 73
BANKUNITED INC COM 06652K103 18,498 520,050 SH   DFND 1 520,050 0 0
BANNER CORP COM NEW 06652V208 22,854 372,936 SH   DFND 1 372,936 0 0
BIO RAD LABS INC CL A 090572207 63,905 287,576 SH   DFND 1,2 283,401 0 4,175
BLOOMIN BRANDS INC COM 094235108 3,835 333,632 SH   DFND 1 333,632 0 0
BOISE CASCADE CO DEL COM 09739D100 67,317 1,928,856 SH   DFND 1,2 1,928,856 0 0
BRANDYWINE RLTY TR SH BEN INT NEW 105368203 41,695 2,383,917 SH   DFND 1,2 2,383,917 0 0
CALPINE CORP COM NEW 131347304 726 49,193 SH   DFND 1 49,193 0 0
CAMECO CORP COM 13321L108 175 18,134 SH   DFND 1 18,134 0 0
CANADIAN NAT RES LTD COM 136385101 30,013 896,181 SH   DFND 1,2 893,342 0 2,839
CAPITAL BK FINL CORP CL A COM 139794101 60,304 1,469,048 SH   DFND 1,2 1,469,048 0 0
CARRIZO OIL & GAS INC COM 144577103 124,388 7,261,441 SH   DFND 1 7,261,441 0 0
CHENIERE ENERGY INC COM NEW 16411R208 85,935 1,907,960 SH   DFND 1,2 1,838,420 0 69,540
CHEVRON CORP NEW COM 166764100 57,779 491,734 SH   DFND 1 474,438 0 17,296
CHINA PETE & CHEM CORP SPON ADR H SHS 16941R108 9,804 129,405 SH   DFND 1 128,383 0 1,022
CHUBB LIMITED COM H1467J104 277 1,940 SH   DFND 1 1,940 0 0
CIGNA CORPORATION COM 125509109 49,487 264,719 SH   DFND 1 252,517 0 12,202
CISCO SYS INC COM 17275R102 14,762 438,965 SH   DFND 1 438,965 0 0
CIT GROUP INC COM NEW 125581801 175,869 3,585,509 SH   DFND 1,2 3,487,210 0 98,299
CITIGROUP INC COM NEW 172967424 161,750 2,223,674 SH   DFND 1 2,143,391 0 80,283
CNA FINL CORP COM 126117100 13,845 275,530 SH   DFND 1 275,530 0 0
COCA COLA CO COM 191216100 57,648 1,280,782 SH   DFND 1 1,213,884 0 66,898
COHERENT INC COM 192479103 105,110 446,953 SH   DFND 1,2 446,938 0 15
COLGATE PALMOLIVE CO COM 194162103 256 3,517 SH   DFND 1 3,517 0 0
COLONY NORTHSTAR INC CL A COM 19625W104 64,837 5,162,219 SH   DFND 1 4,995,768 0 166,451
CRAY INC COM NEW 225223304 28,699 1,475,548 SH   DFND 1 1,475,548 0 0
CREDIT SUISSE GROUP SPONSORED ADR 225401108 3,065 193,962 SH   DFND 1 193,857 0 105
CSX CORP COM 126408103 200 3,690 SH   DFND 1 3,690 0 0
CVR PARTNERS LP COM 126633106 4,721 1,461,491 SH   DFND 1 1,461,491 0 0
CVS HEALTH CORP COM 126650100 49,614 610,109 SH   DFND 1 587,686 0 22,423
CYPRESS SEMICONDUCTOR CORP COM 232806109 967 65,600 SH Call DFND 1 65,600 0 0
CYPRESS SEMICONDUCTOR CORP COM 232806109 19 1,300 SH Call DFND 1 1,300 0 0
CYPRESS SEMICONDUCTOR CORP COM 232806109 30,739 2,046,535 SH   DFND 1,2 2,046,395 0 140
DELTA AIR LINES INC DEL COM NEW 247361702 39,324 815,509 SH   DFND 1 789,548 0 25,961
DELTIC TIMBER CORP COM 247850100 29,959 338,792 SH   DFND 1,2 338,792 0 0
DISCOVER FINL SVCS COM 254709108 97,079 1,505,572 SH   DFND 1 1,449,862 0 55,710
DISH NETWORK CORP NOTE 3.375% 8/1 25470MAB5 504,720 4,500,000 PRN   DFND 1 4,500,000 0 0
DOWDUPONT INC COM 26078J100 85,783 1,239,100 SH   DFND 1 1,194,704 0 44,396
EATON CORP PLC SHS G29183103 7,349 95,700 SH   DFND 1 95,700 0 0
EDISON INTL COM 281020107 3,017 39,100 SH   DFND 1 39,100 0 0
EMBRAER S A SP ADR REP 4 COM 29082A107 13,303 588,365 SH   DFND 1,2 583,871 0 4,494
ENERGEN CORP COM 29265N108 10,094 184,595 SH   DFND 1,2 184,595 0 0
ENERSYS COM 29275Y102 54,544 788,547 SH   DFND 1,2 788,547 0 0
ENTEGRIS INC COM 29362U104 40,572 1,406,310 SH   DFND 1 1,406,310 0 0
ENTERPRISE PRODS PARTNERS L COM 293792107 20,627 791,220 SH   DFND 1 791,220 0 0
EQT CORP COM 26884L109 119,452 1,830,965 SH   DFND 1,2 1,768,997 0 61,968
ERICSSON ADR B SEK 10 294821608 19,614 3,411,116 SH   DFND 1,2 3,397,593 0 13,523
EURONET WORLDWIDE INC COM 298736109 25,337 267,293 SH   DFND 1,2 267,293 0 0
EXXON MOBIL CORP COM 30231G102 530 6,469 SH   DFND 1 6,469 0 0
FIRST HORIZON NATL CORP COM 320517105 50,493 2,636,696 SH   DFND 1,2 2,534,500 0 102,196
FIRSTENERGY CORP COM 337932107 70,441 2,284,829 SH   DFND 1 2,208,126 0 76,703
FLEX LTD ORD Y2573F102 22,196 1,339,549 SH   DFND 1,2 1,332,965 0 6,584
FREDS INC CL A 356108100 22,977 3,567,933 SH   DFND 1,2 3,567,933 0 0
GENERAL ELECTRIC CO COM 369604103 42,543 1,759,430 SH   DFND 1 1,694,404 0 65,026
GENERAL MTRS CO COM 37045V100 74,539 1,845,948 SH   DFND 1 1,769,522 0 76,426
GILEAD SCIENCES INC COM 375558103 37,213 459,307 SH   DFND 1 443,004 0 16,303
GLATFELTER COM 377316104 23,425 1,204,360 SH   DFND 1,2 1,204,360 0 0
GLAXOSMITHKLINE PLC SPONSORED ADR 37733W105 110,775 2,728,458 SH   DFND 1,2 2,651,219 0 77,239
GLOBUS MED INC CL A 379577208 25,856 869,985 SH   DFND 1,2 869,985 0 0
GP STRATEGIES CORP COM 36225V104 39,007 1,264,418 SH   DFND 1 1,264,418 0 0
GREAT PLAINS ENERGY INC COM 391164100 10,257 338,500 SH   DFND 1 338,500 0 0
HARLEY DAVIDSON INC COM 412822108 15,145 314,155 SH   DFND 1,2 314,155 0 0
HAVERTY FURNITURE INC COM 419596101 25,356 969,650 SH   DFND 1,2 969,650 0 0
HERITAGE FINL CORP WASH COM 42722X106 28,448 964,347 SH   DFND 1,2 964,347 0 0
HESS CORP COM 42809H107 82,282 1,754,789 SH   DFND 1 1,680,825 0 73,964
HILLTOP HOLDINGS INC COM 432748101 21,939 843,808 SH   DFND 1 843,808 0 0
HOMESTREET INC COM 43785V102 47,397 1,755,458 SH   DFND 1 1,755,458 0 0
HONEYWELL INTL INC COM 438516106 318 2,243 SH   DFND 1 2,243 0 0
HOOKER FURNITURE CORP COM 439038100 60,102 1,258,676 SH   DFND 1 1,258,676 0 0
HOPE BANCORP INC COM 43940T109 29,711 1,677,664 SH   DFND 1 1,677,664 0 0
HSBC HLDGS PLC SPON ADR NEW 404280406 21,989 445,031 SH   DFND 1 441,552 0 3,479
ING GROEP N V SPONSORED ADR 456837103 71,848 3,900,518 SH   DFND 1,2 3,797,989 0 102,529
INGERSOLL-RAND PLC SHS G47791101 62,780 704,053 SH   DFND 1 678,878 0 25,175
INNOSPEC INC COM 45768S105 24,217 392,819 SH   DFND 1,2 392,819 0 0
INTEGRATED DEVICE TECHNOLOGY COM 458118106 37,717 1,419,000 SH   DFND 1 1,419,000 0 0
INTERPUBLIC GROUP COS INC COM 460690100 35,557 1,710,295 SH   DFND 1 1,649,209 0 61,086
ISHARES TR IBOXX INV CP ETF 464287242 2,479 20,449 SH   DFND 1 20,170 0 279
ISHARES TR RUS 1000 VAL ETF 464287598 2,127 17,944 SH   DFND 1 17,944 0 0
ISHARES TR MSCI EAFE ETF 464287465 1,325 19,350 SH   DFND 1 19,350 0 0
JOHNSON CTLS INTL PLC SHS G51502105 17,586 436,495 SH   DFND 1 436,495 0 0
JPMORGAN CHASE & CO COM 46625H100 131,990 1,381,953 SH   DFND 1 1,334,718 0 47,235
KONINKLIJKE PHILIPS N V NY REG SH NEW 500472303 95,876 2,327,093 SH   DFND 1,2 2,251,297 0 75,796
LA Z BOY INC COM 505336107 3,374 125,438 SH   DFND 1,2 125,438 0 0
LANDEC CORP COM 514766104 48,941 3,779,223 SH   DFND 1 3,779,223 0 0
LATTICE SEMICONDUCTOR CORP COM 518415104 52,328 10,043,677 SH   DFND 1,2 10,043,677 0 0
LEXINGTON REALTY TRUST COM 529043101 161 15,779 SH   DFND 1 15,779 0 0
LIBERTY MEDIA CORP DEB 3.750% 2/1 530715AL5 769,091 10,850,000 PRN   DFND 1 10,850,000 0 0
LIFE STORAGE INC COM 53223X107 13,404 163,840 SH   DFND 1 163,840 0 0
LIVANOVA PLC SHS G5509L101 35,072 500,594 SH   DFND 1,2 500,555 0 39
LLOYDS BANKING GROUP PLC SPONSORED ADR 539439109 80 21,921 SH   DFND 1 21,921 0 0
LOEWS CORP COM 540424108 7,825 163,508 SH   DFND 1 163,508 0 0
LOUISIANA PAC CORP COM 546347105 13,041 481,588 SH   DFND 1 481,588 0 0
LUMENTUM HLDGS INC COM 55024U109 4,771 87,788 SH   DFND 1,2 87,788 0 0
LUXOFT HLDG INC ORD SHS CL A G57279104 28,834 603,218 SH   DFND 1,2 601,292 0 1,926
MACYS INC COM 55616P104 27,710 1,269,930 SH   DFND 1 1,201,639 0 68,291
MATERION CORP COM 576690101 50,737 1,175,832 SH   DFND 1,2 1,175,832 0 0
MEDEQUITIES RLTY TR INC COM 58409L306 7,831 666,490 SH   DFND 1 666,490 0 0
MEDTRONIC PLC SHS G5960L103 260 3,339 SH   DFND 1 3,339 0 0
MELLANOX TECHNOLOGIES LTD SHS M51363113 62,650 1,328,739 SH   DFND 1,2 1,328,689 0 50
METLIFE INC COM 59156R108 55,959 1,077,174 SH   DFND 1 1,030,925 0 46,249
MGM GROWTH PPTYS LLC CL A COM 55303A105 9,238 305,800 SH   DFND 1 305,800 0 0
MICRON TECHNOLOGY INC COM 595112103 497 12,636 SH   DFND 1 12,636 0 0
MICROSEMI CORP COM 595137100 8,416 163,478 SH   DFND 1,2 163,478 0 0
MICROSOFT CORP COM 594918104 16,082 215,898 SH   DFND 1 215,898 0 0
MITEL NETWORKS CORP COM 60671Q104 110,457 13,165,265 SH   DFND 1,2 13,165,265 0 0
NATIONAL CINEMEDIA INC COM 635309107 3,738 535,485 SH   DFND 1 535,485 0 0
NEENAH PAPER INC COM 640079109 16,181 189,138 SH   DFND 1 189,138 0 0
NEWFIELD EXPL CO COM 651290108 60,772 2,048,276 SH   DFND 1,2 1,987,062 0 61,214
NEXTERA ENERGY INC UNIT 08/31/2018 65339F846 21,445 323,400 PRN   DFND 1 323,400 0 0
NORDSTROM INC COM 655664100 267 5,657 SH   DFND 1 5,657 0 0
NOVANTA INC COM 67000B104 34,735 796,671 SH   DFND 1 796,671 0 0
OCCIDENTAL PETE CORP DEL COM 674599105 62,429 972,256 SH   DFND 1 934,458 0 37,798
ORACLE CORP COM 68389X105 164,094 3,393,871 SH   DFND 1 3,295,193 0 98,678
ORBITAL ATK INC COM 68557N103 82,842 622,126 SH   DFND 1,2 622,126 0 0
PACWEST BANCORP DEL COM 695263103 60,679 1,201,321 SH   DFND 1,2 1,201,321 0 0
PAYPAL HLDGS INC COM 70450Y103 44,072 688,304 SH   DFND 1 659,565 0 28,739
PDC ENERGY INC COM 69327R101 45,820 934,532 SH   DFND 1,2 934,532 0 0
PENNYMAC MTG INVT TR COM 70931T103 4,525 260,197 SH   DFND 1 260,197 0 0
PFIZER INC COM 717081103 38,954 1,091,151 SH   DFND 1 1,055,450 0 35,701
PHILIP MORRIS INTL INC COM 718172109 4,676 42,125 SH   DFND 1 42,125 0 0
PHILLIPS 66 COM 718546104 326 3,561 SH   DFND 1 3,561 0 0
PNC FINL SVCS GROUP INC COM 693475105 9,055 67,189 SH   DFND 1 67,189 0 0
POSCO SPONSORED ADR 693483109 15,917 229,347 SH   DFND 1 227,547 0 1,800
QORVO INC COM 74736K101 13,015 184,142 SH   DFND 1,2 184,142 0 0
RAMCO-GERSHENSON PPTYS TR COM SH BEN INT 751452202 51,040 3,923,161 SH   DFND 1,2 3,923,161 0 0
RAYTHEON CO COM NEW 755111507 68,181 365,427 SH   DFND 1 349,284 0 16,143
REINSURANCE GROUP AMER INC COM NEW 759351604 12,069 86,494 SH   DFND 1,2 86,494 0 0
RELIANCE STEEL & ALUMINUM CO COM 759509102 12,726 167,073 SH   DFND 1,2 167,073 0 0
RENAISSANCERE HOLDINGS LTD COM G7496G103 41,965 310,532 SH   DFND 1 300,016 0 10,516
ROYAL BK SCOTLAND GROUP PLC SPONS ADR 2 ORD 780097689 23,812 3,270,912 SH   DFND 1,2 3,245,904 0 25,008
ROYAL DUTCH SHELL PLC SPON ADR B 780259107 47,064 752,550 SH   DFND 1,2 750,237 0 2,313
SANFILIPPO JOHN B & SON INC COM 800422107 58,591 870,471 SH   DFND 1,2 870,471 0 0
SANOFI SPONSORED ADR 80105N105 18,904 379,673 SH   DFND 1,2 376,826 0 2,847
SAP SE SPON ADR 803054204 12,587 114,789 SH   DFND 1 113,916 0 873
SCHLUMBERGER LTD COM 806857108 249 3,566 SH   DFND 1 3,566 0 0
SK TELECOM LTD SPONSORED ADR 78440P108 46,206 1,879,065 SH   DFND 1,2 1,873,142 0 5,923
SOUTHWEST AIRLS CO COM 844741108 65,142 1,163,672 SH   DFND 1 1,121,736 0 41,936
SRC ENERGY INC COM 78470V108 31,688 3,276,907 SH   DFND 1 3,276,907 0 0
STATE STR CORP COM 857477103 2,006 21,000 SH   DFND 1 21,000 0 0
STONERIDGE INC COM 86183P102 40,357 2,037,198 SH   DFND 1 2,037,198 0 0
SUNCOR ENERGY INC NEW COM 867224107 55,432 1,582,426 SH   DFND 1 1,512,313 0 70,113
SVB FINL GROUP COM 78486Q101 4,561 24,379 SH   DFND 1,2 24,379 0 0
SYNCHRONY FINL COM 87165B103 82,511 2,657,347 SH   DFND 1 2,549,547 0 107,800
TARGET CORP COM 87612E106 42,867 726,436 SH   DFND 1 699,983 0 26,453
TAYLOR MORRISON HOME CORP CL A 87724P106 49,170 2,229,932 SH   DFND 1,2 2,229,854 0 78
TELEFONICA BRASIL SA SPONSORED ADR 87936R106 1,254 79,143 SH   DFND 1 79,143 0 0
TENARIS S A SPONSORED ADR 88031M109 20,094 709,790 SH   DFND 1,2 704,302 0 5,488
TERADYNE INC COM 880770102 68,315 1,831,992 SH   DFND 1,2 1,782,581 0 49,411
TEREX CORP NEW COM 880779103 9,887 219,607 SH   DFND 1 219,607 0 0
TEVA PHARMACEUTICAL INDS LTD SPONSORED ADR 881624209 16,781 953,454 SH   DFND 1,2 950,854 0 2,600
TEVA PHARMACEUTICAL INDS LTD SPONSORED ADR M8769Q136 4,841 14,047 PRN   DFND 1 14,047 0 0
TEXAS CAPITAL BANCSHARES INC COM 88224Q107 29,153 339,778 SH   DFND 1,2 339,778 0 0
TIME WARNER INC COM NEW 887317303 23,804 232,348 SH   DFND 1 220,217 0 12,131
TOTAL S A SPONSORED ADR 89151E109 4,225 78,950 SH   DFND 1 78,950 0 0
TOYOTA MOTOR CORP SP ADR REP2COM 892331307 48,783 409,360 SH   DFND 1,2 408,045 0 1,315
TPG RE FIN TR INC COM 87266M107 12,920 653,532 SH   DFND 1 653,532 0 0
TPG SPECIALTY LENDING INC COM 87265K102 287 13,679 SH   DFND 1 13,679 0 0
TREEHOUSE FOODS INC COM 89469A104 86,118 1,271,494 SH   DFND 1,2 1,271,475 0 19
TRI POINTE GROUP INC COM 87265H109 89,028 6,446,602 SH   DFND 1,2 6,446,461 0 141
TRINITY INDS INC COM 896522109 12,484 391,363 SH   DFND 1 381,597 0 9,766
TURKCELL ILETISIM HIZMETLERI SPON ADR NEW 900111204 11,897 1,348,823 SH   DFND 1 1,338,209 0 10,614
UBS GROUP AG SHS H42097107 47,183 2,751,188 SH   DFND 1,2 2,741,543 0 9,645
UNION PAC CORP COM 907818108 60,871 524,884 SH   DFND 1 505,147 0 19,737
UNITEDHEALTH GROUP INC COM 91324P102 345 1,764 SH   DFND 1 1,764 0 0
UNIVERSAL ELECTRS INC COM 913483103 8,991 141,821 SH   DFND 1,2 141,821 0 0
UNUM GROUP COM 91529Y106 91,409 1,787,767 SH   DFND 1 1,738,706 0 49,061
VANGUARD TAX MANAGED INTL FD FTSE DEV MKT ETF 921943858 1,003 23,103 SH   DFND 1 23,103 0 0
VERIFONE SYS INC COM 92342Y109 5,800 286,008 SH   DFND 1 286,008 0 0
VIACOM INC NEW CL B 92553P201 49,144 1,765,243 SH   DFND 1 1,712,470 0 52,773
VIASAT INC COM 92552V100 37,878 588,895 SH   DFND 1,2 572,221 0 16,674
WAL-MART STORES INC COM 931142103 4,449 56,942 SH   DFND 1 56,942 0 0
WELLS FARGO CO NEW COM 949746101 43,058 780,746 SH   DFND 1 749,529 0 31,217
WELLS FARGO CO NEW PERP PFD CNV A 949746804 17,108 13,010 PRN   DFND 1 13,010 0 0
WESTERN ALLIANCE BANCORP COM 957638109 99,769 1,879,593 SH   DFND 1,2 1,879,553 0 40
WOODWARD INC COM 980745103 9,529 122,784 SH   DFND 1,2 122,784 0 0
XL GROUP LTD COM G98294104 8,800 223,068 SH   DFND 1,2 223,068 0 0