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
ADVANCE AUTO PARTS INC COM 00751Y106 28,591 167,660 SH   DFND 1 160,398 0 7,262
ALAMO GROUP INC COM 011311107 31,168 311,866 SH   DFND 1 311,866 0 0
ALBANY INTL CORP CL A 012348108 26,670 372,535 SH   DFND 1 372,535 0 0
ALLERGAN PLC SHS G0177J108 56,894 388,596 SH   DFND 1 371,714 0 16,882
ALPHABET INC CAP STK CL A 02079K305 36,062 30,642 SH   DFND 1 29,066 0 1,576
AMERICAN INTL GROUP INC COM NEW 026874784 27,232 632,419 SH   DFND 1 595,602 0 36,817
AMERIS BANCORP COM 03076K108 56,352 1,640,513 SH   DFND 1 1,640,513 0 0
AON PLC SHS CL A G0408V102 37,092 217,292 SH   DFND 1 207,995 0 9,297
APARTMENT INVT & MGMT CO CL A 03748R754 8,542 169,852 SH   DFND 1 169,852 0 0
APOGEE ENTERPRISES INC COM 037598109 26,693 711,996 SH   DFND 1 711,996 0 0
ARES CAP CORP COM 04010L103 12,228 713,428 SH   DFND 1 713,428 0 0
ASTRAZENECA PLC SPONSORED ADR 046353108 25,073 620,151 SH   DFND 1 620,151 0 0
ASTRONICS CORP COM 046433108 26,672 815,157 SH   DFND 1 815,157 0 0
AXIS CAPITAL HOLDINGS LTD SHS G0692U109 50,797 927,292 SH   DFND 1,2 925,415 0 1,877
B RILEY FINL INC COM 05580M108 7,794 466,972 SH   DFND 1 466,972 0 0
BANK AMER CORP COM 060505104 43,025 1,559,429 SH   DFND 1 1,485,064 0 74,365
BANK OF NT BUTTERFIELD&SON L SHS NEW G0772R208 69,885 1,947,745 SH   DFND 1 1,947,708 0 37
BANKUNITED INC COM 06652K103 14,354 429,762 SH   DFND 1 429,762 0 0
BEMIS CO INC COM 081437105 36,475 657,440 SH   DFND 1 657,440 0 0
BIO RAD LABS INC CL A 090572207 48,631 159,091 SH   DFND 1 154,713 0 4,378
BMC STK HLDGS INC COM 05591B109 36,058 2,040,659 SH   DFND 1 2,040,659 0 0
BOISE CASCADE CO DEL COM 09739D100 12,293 459,375 SH   DFND 1 459,375 0 0
BORGWARNER INC COM 099724106 27,674 720,481 SH   DFND 1 695,933 0 24,548
BRANDYWINE RLTY TR SH BEN INT NEW 105368203 44,967 2,835,268 SH   DFND 1 2,835,268 0 0
BROADCOM INC COM 11135F101 24,855 82,654 SH   DFND 1 79,826 0 2,828
BROADCOM INC COM 11135F101 9 29,200 SH Call DFND 1 29,200 0 0
CANADIAN NAT RES LTD COM 136385101 33,700 1,225,442 SH   DFND 1,2 1,222,522 0 2,920
CARRIZO OIL & GAS INC COM 144577103 18,020 1,445,073 SH   DFND 1 1,445,073 0 0
CBS CORP NEW CL B 124857202 25,103 528,141 SH   DFND 1 504,959 0 23,182
CENTENNIAL RESOURCE DEV INC CL A 15136A102 42,980 4,889,613 SH   DFND 1 4,889,613 0 0
CHENIERE ENERGY INC COM NEW 16411R208 29,905 437,461 SH   DFND 1 419,275 0 18,186
CHEVRON CORP NEW COM 166764100 52,667 427,559 SH   DFND 1 414,272 0 13,287
CHINA PETE & CHEM CORP SPON ADR H SHS 16941R108 6,602 83,045 SH   DFND 1 82,485 0 560
CIT GROUP INC COM NEW 125581801 86,288 1,798,786 SH   DFND 1 1,735,874 0 62,912
CITIGROUP INC COM NEW 172967424 100,328 1,612,476 SH   DFND 1 1,558,585 0 53,891
CITIZENS FINL GROUP INC COM 174610105 347 10,677 SH   DFND 1 10,677 0 0
CNA FINL CORP COM 126117100 12,933 298,333 SH   DFND 1 298,333 0 0
COCA COLA CO COM 191216100 38,903 830,190 SH   DFND 1 782,022 0 48,168
COHERENT INC COM 192479103 50,573 356,850 SH   DFND 1 356,839 0 11
COLONY CAP INC NEW CL A COM 19626G108 35,198 6,616,114 SH   DFND 1 6,334,692 0 281,422
CONCHO RES INC COM 20605P101 15,447 139,216 SH   DFND 1 130,812 0 8,404
CRANE CO COM 224399105 33,562 396,626 SH   DFND 1 396,623 0 3
CREDIT SUISSE GROUP SPONSORED ADR 225401108 1,989 170,716 SH   DFND 1 170,632 0 84
CYPRESS SEMICONDUCTOR CORP COM 232806109 32,972 2,209,942 SH   DFND 1 2,209,802 0 140
DELTA AIR LINES INC DEL COM NEW 247361702 75,900 1,469,497 SH   DFND 1 1,427,244 0 42,253
DISCOVER FINL SVCS COM 254709108 52,093 732,059 SH   DFND 1 700,564 0 31,495
DOWDUPONT INC COM 26078J100 59,242 1,111,269 SH   DFND 1 1,070,883 0 40,386
EATON CORP PLC SHS G29183103 10,034 124,549 SH   DFND 1 124,549 0 0
ENERSYS COM 29275Y102 34,303 526,447 SH   DFND 1 526,447 0 0
ENTEGRIS INC COM 29362U104 31,252 875,659 SH   DFND 1 875,659 0 0
ENTERGY CORP NEW COM 29364G103 19,551 204,449 SH   DFND 1 199,907 0 4,542
ENTERPRISE PRODS PARTNERS L COM 293792107 34,283 1,178,096 SH   DFND 1 1,178,096 0 0
EQM MIDSTREAM PARTNERS LP UNIT LTD PARTN 26885B100 227 4,925 SH   DFND 1 4,925 0 0
EQT CORP COM 26884L109 45,172 2,178,024 SH   DFND 1 2,096,628 0 81,396
EQUITRANS MIDSTREAM CORPORAT COM 294600101 106,200 4,876,031 SH   DFND 1 4,788,129 0 87,902
EURONET WORLDWIDE INC COM 298736109 23,178 162,551 SH   DFND 1 162,551 0 0
EVERGY INC COM 30034W106 8,522 146,809 SH   DFND 1 146,809 0 0
EXXON MOBIL CORP COM 30231G102 345 4,269 SH   DFND 1 4,269 0 0
FEDERAL SIGNAL CORP COM 313855108 17,059 656,368 SH   DFND 1 656,368 0 0
FIRST DATA CORP NEW COM CL A 32008D106 41,909 1,595,323 SH   DFND 1 1,524,887 0 70,436
FIRST HORIZON NATL CORP COM 320517105 59,655 4,267,186 SH   DFND 1 4,184,724 0 82,462
FIRSTENERGY CORP COM 337932107 106,479 2,558,968 SH   DFND 1 2,486,559 0 72,409
FLEX LTD ORD Y2573F102 25,036 2,503,577 SH   DFND 1,2 2,497,529 0 6,048
FOOT LOCKER INC COM 344849104 1,854 30,599 SH   DFND 1 30,599 0 0
GENERAL MTRS CO COM 37045V100 63,062 1,699,780 SH   DFND 1 1,626,243 0 73,537
GILEAD SCIENCES INC COM 375558103 57,915 890,859 SH   DFND 1 864,799 0 26,060
GLATFELTER COM 377316104 40,519 2,869,633 SH   DFND 1 2,869,633 0 0
GLAXOSMITHKLINE PLC SPONSORED ADR 37733W105 80,057 1,915,709 SH   DFND 1,2 1,865,202 0 50,507
GP STRATEGIES CORP COM 36225V104 13,794 1,135,343 SH   DFND 1 1,135,343 0 0
HAVERTY FURNITURE INC COM 419596101 5,406 247,064 SH   DFND 1 247,064 0 0
HESS CORP COM 42809H107 55,920 928,448 SH   DFND 1 888,284 0 40,164
HNI CORP COM 404251100 22,316 614,940 SH   DFND 1 614,940 0 0
HOMESTREET INC COM 43785V102 37,267 1,414,305 SH   DFND 1 1,414,305 0 0
HOOKER FURNITURE CORP COM 439038100 40,726 1,412,630 SH   DFND 1 1,412,630 0 0
HSBC HLDGS PLC SPON ADR NEW 404280406 13,784 339,672 SH   DFND 1 337,324 0 2,348
ING GROEP N V SPONSORED ADR 456837103 47,950 3,949,741 SH   DFND 1,2 3,840,167 0 109,574
INGERSOLL-RAND PLC SHS G47791101 44,017 407,755 SH   DFND 1 389,975 0 17,780
INNOSPEC INC COM 45768S105 10,123 121,449 SH   DFND 1 121,449 0 0
INTEGRATED DEVICE TECHNOLOGY COM 458118106 33,012 673,859 SH   DFND 1 673,859 0 0
JACOBS ENGR GROUP INC COM 469814107 5,307 70,576 SH   DFND 1 70,576 0 0
JPMORGAN CHASE & CO COM 46625H100 77,215 762,765 SH   DFND 1 733,348 0 29,417
KAISER ALUMINUM CORP COM PAR $0.01 483007704 25,337 241,930 SH   DFND 1 241,930 0 0
KIMBALL ELECTRONICS INC COM 49428J109 7,848 506,670 SH   DFND 1 506,670 0 0
KNIGHT SWIFT TRANSN HLDGS IN CL A 499049104 42,374 1,296,631 SH   DFND 1 1,296,631 0 0
LANDEC CORP COM 514766104 44,665 3,637,221 SH   DFND 1 3,637,221 0 0
LIBERTY MEDIA CORP DEB 3.750% 2/1 530715AL5 788 11,600 PRN   DFND 1 11,600 0 0
LIVANOVA PLC SHS G5509L101 46,448 477,614 SH   DFND 1 477,592 0 22
LOEWS CORP COM 540424108 31,372 654,535 SH   DFND 1 625,260 0 29,275
MATERION CORP COM 576690101 20,108 352,404 SH   DFND 1 352,404 0 0
MELLANOX TECHNOLOGIES LTD SHS M51363113 75,682 639,424 SH   DFND 1 639,391 0 33
METHODE ELECTRS INC COM 591520200 24,047 835,540 SH   DFND 1 835,540 0 0
MGM GROWTH PPTYS LLC CL A COM 55303A105 16,193 502,100 SH   DFND 1 502,100 0 0
MICRON TECHNOLOGY INC COM 595112103 485 11,725 SH   DFND 1 11,725 0 0
MICROSOFT CORP COM 594918104 14,639 124,121 SH   DFND 1 124,121 0 0
NEENAH INC COM 640079109 23,519 365,431 SH   DFND 1 365,431 0 0
NEXTERA ENERGY INC UNIT 09/01/2019 65339F820 31 507,301 PRN   DFND 1 507,301 0 0
NEXTERA ENERGY PARTNERS LP COM UNIT PART IN 65341BAA4 1,493 15,000 PRN   DFND 1 15,000 0 0
OCCIDENTAL PETE CORP COM 674599105 22,372 337,953 SH   DFND 1 320,362 0 17,591
ORACLE CORP COM 68389X105 73,809 1,374,207 SH   DFND 1 1,330,844 0 43,363
ORACLE CORP COM 68389X105 4 83,500 SH Call DFND 1 83,500 0 0
PACWEST BANCORP DEL COM 695263103 34,000 904,021 SH   DFND 1 904,021 0 0
PARSLEY ENERGY INC CL A 701877102 4,634 240,101 SH   DFND 1 240,101 0 0
PDC ENERGY INC COM 69327R101 34,265 842,316 SH   DFND 1 842,316 0 0
PHILIP MORRIS INTL INC COM 718172109 46,364 524,538 SH   DFND 1 506,903 0 17,635
POSCO SPONSORED ADR 693483109 9,627 174,382 SH   DFND 1 173,291 0 1,091
POTLATCHDELTIC CORPORATION COM 737630103 18,357 485,759 SH   DFND 1 485,759 0 0
QORVO INC COM 74736K101 2,256 31,451 SH   DFND 1 31,451 0 0
QUANTA SVCS INC COM 74762E102 63,269 1,676,436 SH   DFND 1 1,676,436 0 0
QUEST DIAGNOSTICS INC COM 74834L100 15,123 168,186 SH   DFND 1 156,736 0 11,450
RAMBUS INC DEL COM 750917106 30,572 2,925,570 SH   DFND 1 2,925,570 0 0
RAYTHEON CO COM NEW 755111507 26,690 146,589 SH   DFND 1 138,164 0 8,425
REINSURANCE GRP OF AMERICA I COM NEW 759351604 3,301 23,255 SH   DFND 1 23,255 0 0
RELIANCE STEEL & ALUMINUM CO COM 759509102 6,049 67,022 SH   DFND 1 67,022 0 0
RENAISSANCERE HOLDINGS LTD COM G7496G103 120,018 836,363 SH   DFND 1 820,893 0 15,470
ROYAL BK SCOTLAND GROUP PLC SPONS ADR 2 ORD 780097689 15,583 2,390,096 SH   DFND 1,2 2,374,775 0 15,321
ROYAL DUTCH SHELL PLC SPON ADR B 780259107 19,968 733,049 SH   DFND 1,2 731,531 0 1,518
RPT REALTY COM SH BEN INT 74971D101 59,506 4,954,712 SH   DFND 1 4,954,712 0 0
SANOFI SPONSORED ADR 80105N105 16,453 371,588 SH   DFND 1,2 369,062 0 2,526
SAP SE SPON ADR 803054204 9,974 86,387 SH   DFND 1,2 85,792 0 595
SEMPRA ENERGY 6.75% CNV PFD B 816851505 39 368,700 PRN   DFND 1 368,700 0 0
SK TELECOM LTD SPONSORED ADR 78440P108 42,168 1,721,860 SH   DFND 1,2 1,717,788 0 4,072
SOUTHWEST AIRLS CO COM 844741108 243 4,698 SH   DFND 1 4,698 0 0
SPDR S&P MIDCAP 400 ETF TR UTSER1 S&PDCRP 78467Y107 238 689 SH   DFND 1 689 0 0
STATE STR CORP COM 857477103 737 11,200 SH   DFND 1 11,200 0 0
STONERIDGE INC COM 86183P102 26,211 908,223 SH   DFND 1 908,223 0 0
SUNCOR ENERGY INC NEW COM 867224107 51,604 1,591,250 SH   DFND 1 1,538,588 0 52,662
SYMANTEC CORP COM 871503108 29,509 1,283,563 SH   DFND 1 1,221,794 0 61,769
SYNCHRONY FINL COM 87165B103 35,893 1,125,197 SH   DFND 1 1,081,618 0 43,579
SYNCHRONY FINL COM 87165B103 4 133,400 SH Call DFND 1 133,400 0 0
TAYLOR MORRISON HOME CORP CL A 87724P106 41,272 2,325,184 SH   DFND 1 2,325,106 0 78
TELEFONICA BRASIL SA SPONSORED ADR 87936R106 838 69,389 SH   DFND 1 69,389 0 0
TENARIS S A SPONSORED ADS 88031M109 18,850 667,270 SH   DFND 1,2 662,704 0 4,566
TERADYNE INC COM 880770102 24,078 604,386 SH   DFND 1 581,561 0 22,825
TEREX CORP NEW COM 880779103 6,843 212,981 SH   DFND 1 212,981 0 0
TEXAS CAPITAL BANCSHARES INC COM 88224Q107 31,762 581,829 SH   DFND 1 581,829 0 0
TOTAL S A SPONSORED ADS 89151E109 5,842 104,975 SH   DFND 1 104,975 0 0
TOYOTA MOTOR CORP SP ADR REP2COM 892331307 41,212 349,196 SH   DFND 1,2 348,354 0 842
TRI POINTE GROUP INC COM 87265H109 26,174 2,070,756 SH   DFND 1 2,070,615 0 141
TRINITY INDS INC COM 896522109 43,134 1,984,995 SH   DFND 1 1,898,436 0 86,559
TURKCELL ILETISIM HIZMETLERI SPON ADR NEW 900111204 6,868 1,281,383 SH   DFND 1 1,273,425 0 7,958
UBS GROUP AG SHS H42097107 30,811 2,544,258 SH   DFND 1,2 2,537,571 0 6,687
UNUM GROUP COM 91529Y106 40,482 1,207,273 SH   DFND 1 1,154,312 0 52,961
VENATOR MATLS PLC SHS G9329Z100 59 10,581 SH   DFND 1 10,581 0 0
VIACOM INC NEW CL B 92553P201 39,555 1,409,161 SH   DFND 1 1,356,730 0 52,431
VIASAT INC COM 92552V100 32,463 418,873 SH   DFND 1 405,624 0 13,249
VISTRA ENERGY CORP UNIT 02/02/2024 92840M300 25 252,700 PRN   DFND 1 252,700 0 0
WELLS FARGO CO NEW COM 949746101 25,614 530,096 SH   DFND 1 499,061 0 31,035
WELLS FARGO CO NEW PERP PFD CNV A 949746804 18 13,748 PRN   DFND 1 13,748 0 0
WESTERN ALLIANCE BANCORP COM 957638109 60,460 1,521,208 SH   DFND 1 1,521,168 0 40
WPX ENERGY INC COM 98212B103 96,290 2,346,254 SH   DFND 1 2,346,254 0 0