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
ACTIVISION BLIZZARD INC COM 00507V109 22,649 427,992 SH   DFND 1 406,318 0 21,674
ADESTO TECHNOLOGIES CORP COM 00687D101 11,198 1,308,138 SH   DFND 1 1,308,138 0 0
ADVANCE AUTO PARTS INC COM 00751Y106 33,472 202,367 SH   DFND 1 190,930 0 11,437
ALAMO GROUP INC COM 011311107 24,861 211,185 SH   DFND 1 211,185 0 0
ALBANY INTL CORP CL A 012348108 16,219 179,891 SH   DFND 1 179,891 0 0
ALLERGAN PLC SHS G0177J108 55,442 329,445 SH   DFND 1 314,926 0 14,519
ALPHABET INC CAP STK CL A 02079K305 34,860 28,547 SH   DFND 1 27,053 0 1,494
AMERICAN INTL GROUP INC COM NEW 026874784 40,070 719,382 SH   DFND 1 676,299 0 43,083
AMERIS BANCORP COM 03076K108 52,402 1,302,233 SH   DFND 1 1,302,233 0 0
AON PLC SHS CL A G0408V102 38,915 201,038 SH   DFND 1 192,329 0 8,709
APARTMENT INVT & MGMT CO CL A 03748R754 5,704 109,399 SH   DFND 1 109,399 0 0
APOGEE ENTERPRISES INC COM 037598109 14,337 367,703 SH   DFND 1 367,703 0 0
ARES CAP CORP COM 04010L103 14,490 777,565 SH   DFND 1 777,565 0 0
ASTRAZENECA PLC SPONSORED ADR 046353108 29,662 665,517 SH   DFND 1 665,517 0 0
ASTRONICS CORP COM 046433108 14,257 485,269 SH   DFND 1 485,269 0 0
AXIS CAPITAL HOLDINGS LTD SHS G0692U109 47,461 711,348 SH   DFND 1,2 710,632 0 716
B RILEY FINL INC COM 05580M108 7,632 323,133 SH   DFND 1 323,133 0 0
BANK AMER CORP COM 060505104 56,201 1,926,676 SH   DFND 1 1,856,428 0 70,248
BANK AMER CORP 7.25%CNV PFD L 060505682 22 14,777 PRN   DFND 1 14,777 0 0
BANK OF NT BUTTERFIELD&SON L SHS NEW G0772R208 47,305 1,595,994 SH   DFND 1 1,595,957 0 37
BIO RAD LABS INC CL A 090572207 49,134 147,666 SH   DFND 1 143,524 0 4,142
BMC STK HLDGS INC COM 05591B109 35,859 1,369,699 SH   DFND 1 1,369,699 0 0
BOISE CASCADE CO DEL COM 09739D100 15,578 477,989 SH   DFND 1 477,989 0 0
BORGWARNER INC COM 099724106 33,436 911,571 SH   DFND 1 877,180 0 34,391
BRANDYWINE RLTY TR SH BEN INT NEW 105368203 32,895 2,171,269 SH   DFND 1 2,171,269 0 0
BRISTOL MYERS SQUIBB CO COM 110122108 61,246 1,207,764 SH   DFND 1 1,178,477 0 29,287
BROADCOM INC COM 11135F101 32,234 116,759 SH   DFND 1 111,730 0 5,029
BROADCOM INC COM 11135F200 21 20,490 PRN   DFND 1 20,490 0 0
CANADIAN NAT RES LTD COM 136385101 30,315 1,138,383 SH   DFND 1,2 1,136,966 0 1,417
CBS CORP NEW CL B 124857202 19,259 477,066 SH   DFND 1 455,135 0 21,931
CENTENNIAL RESOURCE DEV INC CL A 15136A102 2,783 616,376 SH   DFND 1 616,376 0 0
CENTERPOINT ENERGY INC COM 15189T107 52,774 1,748,650 SH   DFND 1 1,669,799 0 78,851
CENTERPOINT ENERGY INC DEP RP PFD CV B 15189T503 42 808,520 PRN   DFND 1 808,520 0 0
CHENIERE ENERGY INC COM NEW 16411R208 26,344 417,756 SH   DFND 1 400,462 0 17,294
CHEVRON CORP NEW COM 166764100 48,464 408,638 SH   DFND 1 396,117 0 12,521
CHINA PETE & CHEM CORP SPON ADR H SHS 16941R108 5,178 88,218 SH   DFND 1 87,899 0 319
CIT GROUP INC COM NEW 125581801 57,470 1,268,369 SH   DFND 1 1,217,052 0 51,317
CITIGROUP INC COM NEW 172967424 103,453 1,497,587 SH   DFND 1 1,447,134 0 50,453
CITIZENS FINL GROUP INC COM 174610105 382 10,799 SH   DFND 1 10,799 0 0
CNA FINL CORP COM 126117100 15,699 318,753 SH   DFND 1 318,753 0 0
COCA COLA CO COM 191216100 40,749 748,503 SH   DFND 1 704,001 0 44,502
COHERENT INC COM 192479103 25,231 164,137 SH   DFND 1 164,129 0 8
COLONY CAP INC NEW CL A COM 19626G108 38,603 6,412,434 SH   DFND 1 6,144,049 0 268,385
CONCHO RES INC COM 20605P101 13,883 204,465 SH   DFND 1 192,101 0 12,364
CREDIT SUISSE GROUP SPONSORED ADR 225401108 1,915 156,872 SH   DFND 1 156,788 0 84
CYPRESS SEMICONDUCTOR CORP COM 232806109 14,687 629,247 SH   DFND 1 629,247 0 0
DELTA AIR LINES INC DEL COM NEW 247361702 78,729 1,366,815 SH   DFND 1 1,327,233 0 39,582
DISCOVER FINL SVCS COM 254709108 47,186 581,901 SH   DFND 1 556,863 0 25,038
DUPONT DE NEMOURS INC COM 26614N102 49,321 691,643 SH   DFND 1 668,387 0 23,256
EATON CORP PLC SHS G29183103 10,006 120,341 SH   DFND 1 120,341 0 0
ENERSYS COM 29275Y102 32,020 485,599 SH   DFND 1 485,599 0 0
ENTEGRIS INC COM 29362U104 26,185 556,419 SH   DFND 1 556,419 0 0
ENTERGY CORP NEW COM 29364G103 24,952 212,613 SH   DFND 1 208,363 0 4,250
ENTERPRISE PRODS PARTNERS L COM 293792107 44,065 1,541,807 SH   DFND 1 1,541,807 0 0
EQT CORP COM 26884L109 22,580 2,122,208 SH   DFND 1 2,044,865 0 77,343
EQUITRANS MIDSTREAM CORPORAT COM 294600101 86,387 5,937,231 SH   DFND 1 5,796,594 0 140,637
EURONET WORLDWIDE INC COM 298736109 8,983 61,404 SH   DFND 1 61,404 0 0
EVERGY INC COM 30034W106 5,525 83,009 SH   DFND 1 83,009 0 0
EXXON MOBIL CORP COM 30231G102 300 4,255 SH   DFND 1 4,255 0 0
FABRINET SHS G3323L100 12,367 236,460 SH   DFND 1 236,460 0 0
FEDERAL SIGNAL CORP COM 313855108 16,005 488,845 SH   DFND 1 488,845 0 0
FIRST HAWAIIAN INC COM 32051X108 10,764 403,156 SH   DFND 1 403,156 0 0
FIRST HORIZON NATL CORP COM 320517105 54,544 3,366,938 SH   DFND 1 3,287,851 0 79,087
FIRSTENERGY CORP COM 337932107 109,825 2,277,106 SH   DFND 1 2,210,224 0 66,882
FISERV INC COM 337738108 30,624 295,628 SH   DFND 1 282,401 0 13,227
FLEX LTD ORD Y2573F102 23,345 2,230,817 SH   DFND 1,2 2,227,960 0 2,857
FRESENIUS MED CARE AG&CO KGA SPONSORED ADR 358029106 13,643 406,173 SH   DFND 1,2 405,333 0 840
GENERAL MTRS CO COM 37045V100 58,589 1,563,196 SH   DFND 1 1,494,355 0 68,841
GILEAD SCIENCES INC COM 375558103 56,543 892,130 SH   DFND 1 867,346 0 24,784
GLATFELTER COM 377316104 25,208 1,637,973 SH   DFND 1 1,637,973 0 0
GLAXOSMITHKLINE PLC SPONSORED ADR 37733W105 85,839 2,011,218 SH   DFND 1,2 1,964,847 0 46,371
GP STRATEGIES CORP COM 36225V104 11,149 868,267 SH   DFND 1 868,267 0 0
HAVERTY FURNITURE INC COM 419596101 1,406 69,366 SH   DFND 1 69,366 0 0
HEALTHCARE RLTY TR COM 421946104 12,812 382,439 SH   DFND 1 382,439 0 0
HESS CORP COM 42809H107 19,684 325,457 SH   DFND 1 311,581 0 13,876
HNI CORP COM 404251100 15,801 445,089 SH   DFND 1 445,089 0 0
HOMESTREET INC COM 43785V102 19,630 718,509 SH   DFND 1 718,509 0 0
HOOKER FURNITURE CORP COM 439038100 23,053 1,075,213 SH   DFND 1 1,075,213 0 0
HSBC HLDGS PLC SPON ADR NEW 404280406 11,870 310,177 SH   DFND 1 309,064 0 1,113
ING GROEP N V SPONSORED ADR 456837103 35,783 3,424,227 SH   DFND 1,2 3,325,177 0 99,050
INGERSOLL-RAND PLC SHS G47791101 38,253 310,471 SH   DFND 1 296,641 0 13,830
INNOSPEC INC COM 45768S105 10,201 114,441 SH   DFND 1 114,441 0 0
ISHARES TR RUS 1000 VAL ETF 464287598 380 2,963 SH   DFND 1 2,321 0 642
JACOBS ENGR GROUP INC COM 469814107 4,340 47,436 SH   DFND 1 47,436 0 0
JPMORGAN CHASE & CO COM 46625H100 81,887 695,789 SH   DFND 1 668,994 0 26,795
KAISER ALUMINUM CORP COM PAR $0.01 483007704 19,082 192,806 SH   DFND 1 192,806 0 0
KIMBALL ELECTRONICS INC COM 49428J109 5,470 376,999 SH   DFND 1 376,999 0 0
KNIGHT SWIFT TRANSN HLDGS IN CL A 499049104 36,841 1,014,906 SH   DFND 1 1,014,906 0 0
LANDEC CORP COM 514766104 29,345 2,699,611 SH   DFND 1 2,699,611 0 0
LIBERTY MEDIA CORP DEB 4.000%11/1 530715AG6 2,298 31,965 PRN   DFND 1 31,965 0 0
LIBERTY MEDIA CORP DEB 3.750% 2/1 530715AL5 1,220 17,450 PRN   DFND 1 17,450 0 0
LIVANOVA PLC SHS G5509L101 27,674 375,040 SH   DFND 1 375,018 0 22
LOEWS CORP COM 540424108 30,969 601,572 SH   DFND 1 574,062 0 27,510
MATERION CORP COM 576690101 11,626 189,468 SH   DFND 1 189,468 0 0
MELLANOX TECHNOLOGIES LTD SHS M51363113 73,610 671,682 SH   DFND 1 659,647 0 12,035
METHODE ELECTRS INC COM 591520200 18,702 555,938 SH   DFND 1 555,938 0 0
MGM GROWTH PPTYS LLC CL A COM 55303A105 39,378 1,310,400 SH   DFND 1 1,310,400 0 0
MICRON TECHNOLOGY INC COM 595112103 502 11,725 SH   DFND 1 11,725 0 0
MICROSOFT CORP COM 594918104 16,354 117,631 SH   DFND 1 117,631 0 0
NATIONAL GRID PLC SPONSORED ADR NE 636274409 12,571 232,234 SH   DFND 1,2 231,388 0 846
NEENAH INC COM 640079109 21,087 323,818 SH   DFND 1 323,818 0 0
NEXTERA ENERGY INC COM 65339F101 25,707 110,336 SH   DFND 1 110,336 0 0
NVENT ELECTRIC PLC SHS G6700G107 18,929 858,841 SH   DFND 1 858,841 0 0
OLD REP INTL CORP COM 680223104 19,615 832,212 SH   DFND 1 832,160 0 52
ORACLE CORP COM 68389X105 67,167 1,220,557 SH   DFND 1 1,179,577 0 40,980
PACWEST BANCORP DEL COM 695263103 23,982 659,928 SH   DFND 1 659,928 0 0
PARSLEY ENERGY INC CL A 701877102 2,710 161,318 SH   DFND 1 161,318 0 0
PDC ENERGY INC COM 69327R101 15,918 573,626 SH   DFND 1 573,626 0 0
PHILIP MORRIS INTL INC COM 718172109 33,393 439,789 SH   DFND 1 424,549 0 15,240
POSCO SPONSORED ADR 693483109 9,245 196,029 SH   DFND 1 195,342 0 687
POTLATCHDELTIC CORPORATION COM 737630103 15,363 373,935 SH   DFND 1 373,935 0 0
QORVO INC COM 74736K101 2,171 29,284 SH   DFND 1 29,284 0 0
QUANTA SVCS INC COM 74762E102 55,995 1,481,362 SH   DFND 1 1,481,362 0 0
QUEST DIAGNOSTICS INC COM 74834L100 16,793 156,896 SH   DFND 1 146,189 0 10,707
RAMBUS INC DEL COM 750917106 28,493 2,170,928 SH   DFND 1 2,170,928 0 0
RAYTHEON CO COM NEW 755111507 26,542 135,289 SH   DFND 1 127,335 0 7,954
REINSURANCE GRP OF AMERICA I COM NEW 759351604 3,212 20,089 SH   DFND 1 20,089 0 0
RELIANCE STEEL & ALUMINUM CO COM 759509102 6,046 60,665 SH   DFND 1 60,665 0 0
RENAISSANCERE HOLDINGS LTD COM G7496G103 116,962 604,610 SH   DFND 1 590,561 0 14,049
ROYAL BK SCOTLAND GROUP PLC SPONS ADR 2 ORD 780097689 12,228 2,397,723 SH   DFND 1,2 2,389,090 0 8,633
ROYAL DUTCH SHELL PLC SPON ADR B 780259107 35,263 588,706 SH   DFND 1,2 587,959 0 747
RPT REALTY SH BEN INT 74971D101 51,767 3,820,456 SH   DFND 1 3,820,456 0 0
SANOFI SPONSORED ADR 80105N105 18,047 389,527 SH   DFND 1,2 388,139 0 1,388
SAP SE SPON ADR 803054204 7,569 64,217 SH   DFND 1,2 63,997 0 220
SEAGATE TECHNOLOGY PLC SHS G7945M107 29,458 547,651 SH   DFND 1 523,207 0 24,444
SEMPRA ENERGY 6.75% CNV PFD B 816851505 50 426,600 PRN   DFND 1 426,600 0 0
SK TELECOM LTD SPONSORED ADR 78440P108 35,288 1,589,570 SH   DFND 1,2 1,587,560 0 2,010
SOUTHERN CO UNIT 08/01/2022 842587602 11 208,000 PRN   DFND 1 208,000 0 0
SOUTHWEST AIRLS CO COM 844741108 254 4,695 SH   DFND 1 4,695 0 0
STAG INDL INC COM 85254J102 26,817 909,659 SH   DFND 1 909,659 0 0
STATE STR CORP COM 857477103 533 9,000 SH   DFND 1 9,000 0 0
STONERIDGE INC COM 86183P102 16,616 536,513 SH   DFND 1 536,513 0 0
SUNCOR ENERGY INC NEW COM 867224107 35,500 1,124,134 SH   DFND 1 1,073,629 0 50,505
SYMANTEC CORP COM 871503108 31,048 1,313,936 SH   DFND 1 1,255,322 0 58,614
SYNCHRONY FINL COM 87165B103 20,306 595,655 SH   DFND 1 569,631 0 26,024
TAYLOR MORRISON HOME CORP COM 87724P106 42,482 1,637,687 SH   DFND 1 1,637,558 0 129
TELEFONICA BRASIL SA SPONSORED ADR 87936R106 925 70,231 SH   DFND 1 70,231 0 0
TENARIS S A SPONSORED ADS 88031M109 12,846 606,533 SH   DFND 1,2 604,223 0 2,310
TERADYNE INC COM 880770102 25,337 437,527 SH   DFND 1 421,312 0 16,215
TEREX CORP NEW COM 880779103 5,401 207,961 SH   DFND 1 207,961 0 0
TEXAS CAPITAL BANCSHARES INC COM 88224Q107 22,926 419,500 SH   DFND 1 419,500 0 0
TOTAL S A SPONSORED ADS 89151E109 5,857 112,643 SH   DFND 1 112,643 0 0
TOYOTA MOTOR CORP SP ADR REP2COM 892331307 42,440 315,564 SH   DFND 1,2 315,150 0 414
TRI POINTE GROUP INC COM 87265H109 14,544 967,010 SH   DFND 1 967,010 0 0
TRINITY INDS INC COM 896522109 37,511 1,906,043 SH   DFND 1 1,823,605 0 82,438
TURKCELL ILETISIM HIZMETLERI SPON ADR NEW 900111204 7,088 1,226,241 SH   DFND 1 1,222,311 0 3,930
UBS GROUP AG SHS H42097107 27,462 2,428,107 SH   DFND 1,2 2,424,780 0 3,327
UNUM GROUP COM 91529Y106 33,443 1,125,270 SH   DFND 1 1,075,301 0 49,969
VIACOM INC NEW CL B 92553P201 36,067 1,500,900 SH   DFND 1 1,451,194 0 49,706
VISHAY PRECISION GROUP INC COM 92835K103 7,660 233,960 SH   DFND 1 233,960 0 0
VISTRA ENERGY CORP COM 92840M102 18,748 701,398 SH   DFND 1 701,398 0 0
WELLS FARGO CO NEW COM 949746101 19,162 379,899 SH   DFND 1 357,531 0 22,368
WELLS FARGO CO NEW PERP PFD CNV A 949746804 40 26,398 PRN   DFND 1 26,398 0 0
WESTERN ALLIANCE BANCORP COM 957638109 55,191 1,197,732 SH   DFND 1 1,197,692 0 40
WPX ENERGY INC COM 98212B103 17,362 1,639,441 SH   DFND 1 1,639,441 0 0