Wbi Investments 13F-HR Quarterly holdings report by institutional manager

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
Expires:	Oct 31, 2018
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
ABM INDS INC	COM	000957100	1,146	28,648	SH		DFND	1	0	28,648	0
ABM INDS INC	COM	000957100	2	41	SH		SOLE		41	0	0
AGCO CORP	COM	001084102	1,243	16,026	SH		DFND	1	0	16,026	0
AGCO CORP	COM	001084102	1	16	SH		SOLE		16	0	0
AES CORP	COM	00130H105	2,989	178,315	SH		DFND	1	0	178,315	0
AES CORP	COM	00130H105	2	128	SH		SOLE		128	0	0
AT&T INC	COM	00206R102	9,249	275,996	SH		DFND	1	0	275,996	0
AT&T INC	COM	00206R102	10,987	327,861	SH		SOLE		327,861	0	0
AARONS INC	COM PAR $0.50	002535300	610	9,938	SH		DFND	1	0	9,938	0
AARONS INC	COM PAR $0.50	002535300	1	21	SH		SOLE		21	0	0
ABBVIE INC	COM	00287Y109	4,902	67,408	SH		DFND	1	0	67,408	0
ABBVIE INC	COM	00287Y109	170	2,340	SH		SOLE		2,340	0	0
ABSOLUTE SHS TR	WBI BBR RNG 2000	00400R106	7,040	324,258	SH		SOLE		324,258	0	0
ABSOLUTE SHS TR	WBI BBR VAL 2000	00400R205	12,698	545,009	SH		SOLE		545,009	0	0
ABSOLUTE SHS TR	WBI BBR YLD 2000	00400R304	18,517	976,653	SH		SOLE		976,653	0	0
ABSOLUTE SHS TR	WBI BBR QTY 2000	00400R403	5,627	282,080	SH		SOLE		282,080	0	0
ABSOLUTE SHS TR	WBI BBR RNG 1000	00400R502	34,990	1,308,042	SH		SOLE		1,308,042	0	0
ABSOLUTE SHS TR	WBI BBR VAL 1000	00400R601	25,852	951,867	SH		SOLE		951,867	0	0
ABSOLUTE SHS TR	WBI BBR YLD 1000	00400R700	37,643	1,571,063	SH		SOLE		1,571,063	0	0
ABSOLUTE SHS TR	WBI BBR QTY 1000	00400R809	31,513	1,159,402	SH		SOLE		1,159,402	0	0
ABSOLUTE SHS TR	WBI BULBEAR TR	00400R841	24,726	1,195,083	SH		SOLE		1,195,083	0	0
ABSOLUTE SHS TR	WBI PWR FCTR ETF	00400R858	40,241	1,640,362	SH		SOLE		1,640,362	0	0
ABSOLUTE SHS TR	WBI BBR GBL INME	00400R874	61,284	2,431,912	SH		SOLE		2,431,912	0	0
ACTIVISION BLIZZARD INC	COM	00507V109	2,437	51,630	SH		DFND	1	0	51,630	0
ACUITY BRANDS INC	COM	00508Y102	455	3,302	SH		DFND	1	0	3,302	0
AMERIPRISE FINL INC	COM	03076C106	2,209	15,221	SH		DFND	1	0	15,221	0
AMERIPRISE FINL INC	COM	03076C106	2,658	18,313	SH		SOLE		18,313	0	0
ARTISAN PARTNERS ASSET MGMT	CL A	04316a108	657	23,860	SH		DFND	1	0	23,860	0
ASSURANT INC	COM	04621X108	755	7,101	SH		SOLE		7,101	0	0
B & G FOODS INC NEW	COM	05508R106	910	43,767	SH		DFND	1	0	43,767	0
BWX TECHNOLOGIES INC	COM	05605h100	396	7,609	SH		DFND	1	0	7,609	0
BWX TECHNOLOGIES INC	COM	05605h100	1,209	23,203	SH		SOLE		23,203	0	0
BARNES GROUP INC	COM	067806109	1,057	18,764	SH		DFND	1	0	18,764	0
BLOCK H & R INC	COM	093671105	3,440	117,411	SH		DFND	1	0	117,411	0
BOOZ ALLEN HAMILTON HLDG COR	CL A	099502106	689	10,400	SH		DFND	1	0	10,400	0
BOSTON PRIVATE FINL HLDGS IN	COM	101119105	556	46,045	SH		DFND	1	0	46,045	0
BROADRIDGE FINL SOLUTIONS IN	COM	11133T103	2,552	19,989	SH		DFND	1	0	19,989	0
CDW CORP	COM	12514G108	5,585	50,318	SH		DFND	1	0	50,318	0
CDW CORP	COM	12514G108	98	886	SH		SOLE		886	0	0
CIT GROUP INC	COM NEW	125581801	642	12,227	SH		DFND	1	0	12,227	0
CIT GROUP INC	COM NEW	125581801	1,933	36,785	SH		SOLE		36,785	0	0
CVR ENERGY INC	COM	12662P108	1,168	23,362	SH		DFND	1	0	23,362	0
CABOT CORP	COM	127055101	1,591	33,341	SH		DFND	1	0	33,341	0
CABOT CORP	COM	127055101	1,980	41,498	SH		SOLE		41,498	0	0
CASEYS GEN STORES INC	COM	147528103	565	3,622	SH		DFND	1	0	3,622	0
CATERPILLAR INC DEL	COM	149123101	4,639	34,041	SH		DFND	1	0	34,041	0
CATERPILLAR INC DEL	COM	149123101	2	15	SH		SOLE		15	0	0
CHEMED CORP NEW	COM	16359R103	462	1,279	SH		DFND	1	0	1,279	0
CHEVRON CORP NEW	COM	166764100	5,085	40,862	SH		DFND	1	0	40,862	0
CHEVRON CORP NEW	COM	166764100	23	181	SH		SOLE		181	0	0
CHICOS FAS INC	COM	168615102	819	242,967	SH		DFND	1	0	242,967	0
CHURCH & DWIGHT INC	COM	171340102	2,589	35,432	SH		SOLE		35,432	0	0
CISCO SYS INC	COM	17275r102	692	12,648	SH		SOLE		12,648	0	0
CITIZENS FINL GROUP INC	COM	174610105	599	16,941	SH		SOLE		16,941	0	0
COCA COLA CO	COM	191216100	2,906	57,068	SH		DFND	1	0	57,068	0
COMCAST CORP NEW	CL A	20030n101	2,440	57,716	SH		DFND	1	0	57,716	0
COMCAST CORP NEW	CL A	20030n101	75	1,780	SH		SOLE		1,780	0	0
CRACKER BARREL OLD CTRY STOR	COM	22410J106	1,093	6,399	SH		DFND	1	0	6,399	0
CRACKER BARREL OLD CTRY STOR	COM	22410J106	770	4,510	SH		SOLE		4,510	0	0
CUMMINS INC	COM	231021106	2,148	12,534	SH		DFND	1	0	12,534	0
CUMMINS INC	COM	231021106	22	129	SH		SOLE		129	0	0
DBX ETF TR	XTRACK USD HIGH	233051432	60,656	1,208,529	SH		DFND	1	0	1,208,529	0
DBX ETF TR	XTRACK USD HIGH	233051432	57,239	1,140,437	SH		SOLE		1,140,437	0	0
DANA INCORPORATED	COM	235825205	1,633	81,886	SH		DFND	1	0	81,886	0
DANA INCORPORATED	COM	235825205	161	8,067	SH		SOLE		8,067	0	0
DARDEN RESTAURANTS INC	COM	237194105	7,636	62,729	SH		DFND	1	0	62,729	0
DARDEN RESTAURANTS INC	COM	237194105	2	17	SH		SOLE		17	0	0
DELTA AIR LINES INC DEL	COM NEW	247361702	5,325	93,832	SH		DFND	1	0	93,832	0
DELTA AIR LINES INC DEL	COM NEW	247361702	84	1,484	SH		SOLE		1,484	0	0
DINE BRANDS GLOBAL INC	COM	254423106	1,635	17,124	SH		DFND	1	0	17,124	0
DINE BRANDS GLOBAL INC	COM	254423106	2,796	29,291	SH		SOLE		29,291	0	0
DISCOVER FINL SVCS	COM	254709108	1,997	25,739	SH		DFND	1	0	25,739	0
DOLLAR GEN CORP NEW	COM	256677105	2,454	18,153	SH		DFND	1	0	18,153	0
DOLLAR GEN CORP NEW	COM	256677105	2,798	20,705	SH		SOLE		20,705	0	0
EMCOR GROUP INC	COM	29084Q100	417	4,730	SH		DFND	1	0	4,730	0
ENCOMPASS HEALTH CORP	COM	29261a100	466	7,354	SH		DFND	1	0	7,354	0
ENCOMPASS HEALTH CORP	COM	29261a100	4	62	SH		SOLE		62	0	0
ERIE INDTY CO	CL A	29530P102	2,411	9,483	SH		DFND	1	0	9,483	0
EVERTEC INC	COM	30040P103	525	16,057	SH		DFND	1	0	16,057	0
EVERTEC INC	COM	30040P103	3	84	SH		SOLE		84	0	0
EXELON CORP	COM	30161N101	2,839	59,214	SH		DFND	1	0	59,214	0
EXELON CORP	COM	30161N101	18	382	SH		SOLE		382	0	0
EXPEDIA GROUP INC	COM NEW	30212P303	2,505	18,828	SH		DFND	1	0	18,828	0
EXPEDIA GROUP INC	COM NEW	30212P303	3,040	22,854	SH		SOLE		22,854	0	0
EXPEDITORS INTL WASH INC	COM	302130109	2,303	30,355	SH		DFND	1	0	30,355	0
EXPEDITORS INTL WASH INC	COM	302130109	638	8,405	SH		SOLE		8,405	0	0
FNB CORP PA	COM	302520101	2,266	192,511	SH		DFND	1	0	192,511	0
FNB CORP PA	COM	302520101	8,835	750,639	SH		SOLE		750,639	0	0
FACTSET RESH SYS INC	COM	303075105	2,375	8,289	SH		DFND	1	0	8,289	0
FIDELITY NATIONAL FINANCIAL	FNF GROUP COM	31620r303	3,536	87,737	SH		DFND	1	0	87,737	0
FIDELITY NATIONAL FINANCIAL	FNF GROUP COM	31620r303	1	37	SH		SOLE		37	0	0
FIFTH THIRD BANCORP	COM	316773100	4,401	157,740	SH		DFND	1	0	157,740	0
FIRST HORIZON NATL CORP	COM	320517105	933	62,460	SH		DFND	1	0	62,460	0
FORD MTR CO DEL	COM	345370860	5,604	547,809	SH		DFND	1	0	547,809	0
GENERAL MLS INC	COM	370334104	1,615	30,749	SH		DFND	1	0	30,749	0
GENTEX CORP	COM	371901109	2,330	94,674	SH		SOLE		94,674	0	0
GILEAD SCIENCES INC	COM	375558103	3,323	49,185	SH		DFND	1	0	49,185	0
GILEAD SCIENCES INC	COM	375558103	9,443	139,770	SH		SOLE		139,770	0	0
GREIF INC	CL A	397624107	512	15,717	SH		DFND	1	0	15,717	0
GREIF INC	CL A	397624107	33	1,013	SH		SOLE		1,013	0	0
GROUP 1 AUTOMOTIVE INC	COM	398905109	1,209	14,764	SH		DFND	1	0	14,764	0
GROUP 1 AUTOMOTIVE INC	COM	398905109	2	22	SH		SOLE		22	0	0
HANESBRANDS INC	COM	410345102	2,757	160,081	SH		DFND	1	0	160,081	0
HANESBRANDS INC	COM	410345102	1,867	108,400	SH		SOLE		108,400	0	0
HANMI FINL CORP	COM NEW	410495204	521	23,389	SH		DFND	1	0	23,389	0
HARLEY DAVIDSON INC	COM	412822108	1,366	38,118	SH		DFND	1	0	38,118	0
HARRIS CORP DEL	COM	413875105	2,438	12,888	SH		DFND	1	0	12,888	0
HARTFORD FINL SVCS GROUP INC	COM	416515104	3,488	62,593	SH		DFND	1	0	62,593	0
HILLTOP HOLDINGS INC	COM	432748101	906	42,600	SH		DFND	1	0	42,600	0
HILLTOP HOLDINGS INC	COM	432748101	237	11,119	SH		SOLE		11,119	0	0
HOME BANCSHARES INC	COM	436893200	517	26,838	SH		DFND	1	0	26,838	0
HOME DEPOT INC	COM	437076102	5,111	24,576	SH		DFND	1	0	24,576	0
HOME DEPOT INC	COM	437076102	76	366	SH		SOLE		366	0	0
HONEYWELL INTL INC	COM	438516106	2,591	14,839	SH		DFND	1	0	14,839	0
HOPE BANCORP INC	COM	43940t109	662	48,020	SH		DFND	1	0	48,020	0
HORMEL FOODS CORP	COM	440452100	2,494	61,518	SH		DFND	1	0	61,518	0
HOULIHAN LOKEY INC	CL A	441593100	135	3,022	SH		DFND	1	0	3,022	0
HOULIHAN LOKEY INC	CL A	441593100	911	20,450	SH		SOLE		20,450	0	0
HUBBELL INC	COM	443510607	627	4,810	SH		DFND	1	0	4,810	0
HUNTINGTON BANCSHARES INC	COM	446150104	2,852	206,362	SH		DFND	1	0	206,362	0
HUNTINGTON BANCSHARES INC	COM	446150104	493	35,690	SH		SOLE		35,690	0	0
ITT INC	COM	45073V108	432	6,594	SH		DFND	1	0	6,594	0
ITT INC	COM	45073V108	1,199	18,305	SH		SOLE		18,305	0	0
IDEX CORP	COM	45167R104	2,657	15,436	SH		DFND	1	0	15,436	0
IDEX CORP	COM	45167R104	2,628	15,267	SH		SOLE		15,267	0	0
INNOSPEC INC	COM	45768S105	157	1,720	SH		DFND	1	0	1,720	0
INNOSPEC INC	COM	45768S105	587	6,430	SH		SOLE		6,430	0	0
INSPERITY INC	COM	45778Q107	452	3,698	SH		DFND	1	0	3,698	0
INSPERITY INC	COM	45778Q107	285	2,332	SH		SOLE		2,332	0	0
INTERACTIVE BROKERS GROUP IN	COM CL A	45841N107	1,960	36,159	SH		DFND	1	0	36,159	0
INTERNATIONAL BUSINESS MACHS	COM	459200101	5,009	36,325	SH		DFND	1	0	36,325	0
INTERNATIONAL BUSINESS MACHS	COM	459200101	3	20	SH		SOLE		20	0	0
INTL PAPER CO	COM	460146103	3,476	80,236	SH		DFND	1	0	80,236	0
INTL PAPER CO	COM	460146103	35	802	SH		SOLE		802	0	0
INTERPUBLIC GROUP COS INC	COM	460690100	6,424	284,378	SH		DFND	1	0	284,378	0
INTERPUBLIC GROUP COS INC	COM	460690100	4,161	184,177	SH		SOLE		184,177	0	0
ISHARES TR	0-5YR HI YL CP	46434v407	13,759	294,617	SH		DFND	1	0	294,617	0
ISHARES TR	0-5YR HI YL CP	46434v407	436	9,332	SH		SOLE		9,332	0	0
ISHARES TR	BROAD USD HIGH	46435u853	60,699	1,482,625	SH		DFND	1	0	1,482,625	0
KELLOGG CO	COM	487836108	706	13,174	SH		DFND	1	0	13,174	0
KEYCORP NEW	COM	493267108	4,559	256,828	SH		DFND	1	0	256,828	0
KEYCORP NEW	COM	493267108	562	31,659	SH		SOLE		31,659	0	0
KNOLL INC	COM NEW	498904200	2,670	116,184	SH		DFND	1	0	116,184	0
KRONOS WORLDWIDE INC	COM	50105F105	537	35,042	SH		DFND	1	0	35,042	0
LPL FINL HLDGS INC	COM	50212V100	464	5,686	SH		DFND	1	0	5,686	0
LPL FINL HLDGS INC	COM	50212V100	3	32	SH		SOLE		32	0	0
LEGG MASON INC	COM	524901105	1,347	35,196	SH		DFND	1	0	35,196	0
LEGG MASON INC	COM	524901105	5,762	150,517	SH		SOLE		150,517	0	0
LEIDOS HLDGS INC	COM	525327102	1,406	17,611	SH		DFND	1	0	17,611	0
LEIDOS HLDGS INC	COM	525327102	1	18	SH		SOLE		18	0	0
LITHIA MTRS INC	CL A	536797103	2,411	20,302	SH		SOLE		20,302	0	0
LOCKHEED MARTIN CORP	COM	539830109	3,106	8,543	SH		DFND	1	0	8,543	0
LOCKHEED MARTIN CORP	COM	539830109	21	57	SH		SOLE		57	0	0
M D C HLDGS INC	COM	552676108	2,098	64,009	SH		DFND	1	0	64,009	0
M D C HLDGS INC	COM	552676108	4	114	SH		SOLE		114	0	0
MACYS INC	COM	55616P104	3,187	148,522	SH		DFND	1	0	148,522	0
MACYS INC	COM	55616P104	1	64	SH		SOLE		64	0	0
MARSH & MCLENNAN COS INC	COM	571748102	2,510	25,166	SH		DFND	1	0	25,166	0
MARSH & MCLENNAN COS INC	COM	571748102	301	3,016	SH		SOLE		3,016	0	0
MERCER INTL INC	COM	588056101	2,235	144,447	SH		DFND	1	0	144,447	0
MERCURY GENL CORP NEW	COM	589400100	1,556	24,896	SH		DFND	1	0	24,896	0
MERCURY GENL CORP NEW	COM	589400100	7,154	114,467	SH		SOLE		114,467	0	0
METLIFE INC	COM	59156R108	1,251	25,183	SH		DFND	1	0	25,183	0
METLIFE INC	COM	59156R108	3	61	SH		SOLE		61	0	0
MICROSOFT CORP	COM	594918104	2,543	18,980	SH		DFND	1	0	18,980	0
MOTOROLA SOLUTIONS INC	COM NEW	620076307	2,817	16,896	SH		DFND	1	0	16,896	0
MOTOROLA SOLUTIONS INC	COM NEW	620076307	1,571	9,421	SH		SOLE		9,421	0	0
NASDAQ INC	COM	631103108	2,926	30,427	SH		DFND	1	0	30,427	0
NASDAQ INC	COM	631103108	3	34	SH		SOLE		34	0	0
NATIONAL HEALTHCARE CORP	COM	635906100	977	12,041	SH		DFND	1	0	12,041	0
NATIONAL HEALTHCARE CORP	COM	635906100	1	10	SH		SOLE		10	0	0
NAVIENT CORPORATION	COM	63938c108	1,654	121,178	SH		DFND	1	0	121,178	0
NAVIENT CORPORATION	COM	63938c108	7,855	575,455	SH		SOLE		575,455	0	0
NEW MEDIA INVT GROUP INC	COM	64704v106	471	49,883	SH		DFND	1	0	49,883	0
NEW YORK CMNTY BANCORP INC	COM	649445103	1,413	141,626	SH		DFND	1	0	141,626	0
NEW YORK CMNTY BANCORP INC	COM	649445103	35	3,484	SH		SOLE		3,484	0	0
NEXTERA ENERGY INC	COM	65339F101	2,582	12,606	SH		DFND	1	0	12,606	0
NEXTERA ENERGY INC	COM	65339F101	2,394	11,684	SH		SOLE		11,684	0	0
NORTHROP GRUMMAN CORP	COM	666807102	4,939	15,287	SH		DFND	1	0	15,287	0
NORTHROP GRUMMAN CORP	COM	666807102	2,525	7,816	SH		SOLE		7,816	0	0
OFFICE DEPOT INC	COM	676220106	813	394,816	SH		DFND	1	0	394,816	0
OLD REP INTL CORP	COM	680223104	1,162	51,916	SH		DFND	1	0	51,916	0
OMNICOM GROUP INC	COM	681919106	8,457	103,195	SH		DFND	1	0	103,195	0
OMNICOM GROUP INC	COM	681919106	3,172	38,711	SH		SOLE		38,711	0	0
ORACLE CORP	COM	68389X105	631	11,079	SH		SOLE		11,079	0	0
OSHKOSH CORP	COM	688239201	1,837	22,005	SH		DFND	1	0	22,005	0
OSHKOSH CORP	COM	688239201	2,132	25,539	SH		SOLE		25,539	0	0
PNC FINL SVCS GROUP INC	COM	693475105	3,986	29,039	SH		DFND	1	0	29,039	0
PNC FINL SVCS GROUP INC	COM	693475105	411	2,992	SH		SOLE		2,992	0	0
PACKAGING CORP AMER	COM	695156109	395	4,144	SH		DFND	1	0	4,144	0
PACKAGING CORP AMER	COM	695156109	236	2,477	SH		SOLE		2,477	0	0
PACWEST BANCORP DEL	COM	695263103	3,526	90,808	SH		DFND	1	0	90,808	0
PACWEST BANCORP DEL	COM	695263103	7,282	187,529	SH		SOLE		187,529	0	0
PARKER HANNIFIN CORP	COM	701094104	1,993	11,720	SH		DFND	1	0	11,720	0
PARKER HANNIFIN CORP	COM	701094104	4	22	SH		SOLE		22	0	0
PATTERSON COMPANIES INC	COM	703395103	1,031	45,024	SH		DFND	1	0	45,024	0
PEOPLES UTD FINL INC	COM	712704105	1,213	72,281	SH		DFND	1	0	72,281	0
PEOPLES UTD FINL INC	COM	712704105	1	87	SH		SOLE		87	0	0
PEPSICO INC	COM	713448108	1,879	14,326	SH		DFND	1	0	14,326	0
PETMED EXPRESS INC	COM	716382106	547	34,932	SH		DFND	1	0	34,932	0
PFIZER INC	COM	717081103	2,757	63,636	SH		DFND	1	0	63,636	0
PFIZER INC	COM	717081103	3	64	SH		SOLE		64	0	0
PLAINS GP HLDGS L P	LTD PARTNR INT A	72651A207	1,398	55,973	SH		DFND	1	0	55,973	0
PRIMERICA INC	COM	74164M108	539	4,493	SH		DFND	1	0	4,493	0
PRIMERICA INC	COM	74164M108	1	5	SH		SOLE		5	0	0
PRINCIPAL FINL GROUP INC	COM	74251V102	4,684	80,869	SH		DFND	1	0	80,869	0
PRINCIPAL FINL GROUP INC	COM	74251V102	8,439	145,705	SH		SOLE		145,705	0	0
PROGRESSIVE CORP OHIO	COM	743315103	2,891	36,170	SH		DFND	1	0	36,170	0
PROGRESSIVE CORP OHIO	COM	743315103	2	27	SH		SOLE		27	0	0
PRUDENTIAL FINL INC	COM	744320102	2,455	24,310	SH		DFND	1	0	24,310	0
PRUDENTIAL FINL INC	COM	744320102	266	2,630	SH		SOLE		2,630	0	0
PULTE GROUP INC	COM	745867101	958	30,290	SH		DFND	1	0	30,290	0
PULTE GROUP INC	COM	745867101	2,146	67,878	SH		SOLE		67,878	0	0
RADIAN GROUP INC	COM	750236101	385	16,864	SH		DFND	1	0	16,864	0
RADIAN GROUP INC	COM	750236101	252	11,042	SH		SOLE		11,042	0	0
RAYTHEON CO	COM NEW	755111507	1,971	11,333	SH		DFND	1	0	11,333	0
RAYTHEON CO	COM NEW	755111507	1,026	5,898	SH		SOLE		5,898	0	0
REINSURANCE GRP OF AMERICA I	COM NEW	759351604	1,204	7,719	SH		DFND	1	0	7,719	0
RELIANCE STEEL & ALUMINUM CO	COM	759509102	2,203	23,281	SH		DFND	1	0	23,281	0
RELIANCE STEEL & ALUMINUM CO	COM	759509102	1	12	SH		SOLE		12	0	0
ROSS STORES INC	COM	778296103	4,799	48,412	SH		DFND	1	0	48,412	0
ROSS STORES INC	COM	778296103	6	58	SH		SOLE		58	0	0
SPDR SERIES TRUST	BLOOMBERG SRT TR	78468r408	13,750	504,942	SH		DFND	1	0	504,942	0
SPDR SERIES TRUST	BLOOMBERG SRT TR	78468r408	436	16,008	SH		SOLE		16,008	0	0
SPDR SERIES TRUST	BLOOMBERG BRCLYS	78468R622	32,998	302,905	SH		DFND	1	0	302,905	0
SPDR SERIES TRUST	BLOOMBERG BRCLYS	78468R622	54,986	504,732	SH		SOLE		504,732	0	0
SPDR SERIES TRUST	SPDR BLOOMBERG	78468R663	433	4,732	SH		SOLE		4,732	0	0
SANDY SPRING BANCORP INC	COM	800363103	1,416	40,602	SH		SOLE		40,602	0	0
SCHWEITZER-MAUDUIT INTL INC	COM	808541106	482	14,519	SH		DFND	1	0	14,519	0
SCHWEITZER-MAUDUIT INTL INC	COM	808541106	1	25	SH		SOLE		25	0	0
SERVISFIRST BANCSHARES INC	COM	81768t108	673	19,631	SH		DFND	1	0	19,631	0
SILGAN HOLDINGS INC	COM	827048109	1,735	56,688	SH		DFND	1	0	56,688	0
SILGAN HOLDINGS INC	COM	827048109	3	96	SH		SOLE		96	0	0
SMUCKER J M CO	COM NEW	832696405	2,767	24,023	SH		DFND	1	0	24,023	0
SMUCKER J M CO	COM NEW	832696405	2	19	SH		SOLE		19	0	0
SNAP ON INC	COM	833034101	1,536	9,274	SH		DFND	1	0	9,274	0
SNAP ON INC	COM	833034101	1	7	SH		SOLE		7	0	0
SONOCO PRODS CO	COM	835495102	3,004	45,970	SH		DFND	1	0	45,970	0
SONOCO PRODS CO	COM	835495102	2	37	SH		SOLE		37	0	0
SYNCHRONY FINL	COM	87165b103	5,172	149,191	SH		DFND	1	0	149,191	0
SYNCHRONY FINL	COM	87165b103	4,016	115,832	SH		SOLE		115,832	0	0
SYSCO CORP	COM	871829107	1,977	27,961	SH		DFND	1	0	27,961	0
SYSCO CORP	COM	871829107	2	30	SH		SOLE		30	0	0
TAILORED BRANDS INC	COM	87403a107	678	117,538	SH		DFND	1	0	117,538	0
TAPESTRY INC	COM	876030107	2,630	82,873	SH		DFND	1	0	82,873	0
TARGET CORP	COM	87612E106	2,394	27,644	SH		DFND	1	0	27,644	0
TARGET CORP	COM	87612E106	23	264	SH		SOLE		264	0	0
TEGNA INC	COM	87901j105	1,248	82,370	SH		DFND	1	0	82,370	0
TEGNA INC	COM	87901j105	3	206	SH		SOLE		206	0	0
TERADYNE INC	COM	880770102	395	8,245	SH		DFND	1	0	8,245	0
TERADYNE INC	COM	880770102	1	22	SH		SOLE		22	0	0
TETRA TECH INC NEW	COM	88162G103	510	6,489	SH		DFND	1	0	6,489	0
TIMKEN CO	COM	887389104	1,227	23,909	SH		DFND	1	0	23,909	0
TRACTOR SUPPLY CO	COM	892356106	2,875	26,425	SH		DFND	1	0	26,425	0
TRACTOR SUPPLY CO	COM	892356106	2	19	SH		SOLE		19	0	0
TRAVELERS COMPANIES INC	COM	89417E109	5,270	35,249	SH		DFND	1	0	35,249	0
TRICO BANCSHARES	COM	896095106	375	9,918	SH		DFND	1	0	9,918	0
TYSON FOODS INC	CL A	902494103	2,932	36,311	SH		DFND	1	0	36,311	0
TYSON FOODS INC	CL A	902494103	1,700	21,052	SH		SOLE		21,052	0	0
US BANCORP DEL	COM NEW	902973304	4,443	84,781	SH		DFND	1	0	84,781	0
UMPQUA HLDGS CORP	COM	904214103	1,336	80,522	SH		DFND	1	0	80,522	0
UNITED CMNTY BKS BLAIRSVLE G	COM	90984P303	470	16,450	SH		DFND	1	0	16,450	0
UNITEDHEALTH GROUP INC	COM	91324p102	4,408	18,066	SH		DFND	1	0	18,066	0
UNITEDHEALTH GROUP INC	COM	91324p102	74	303	SH		SOLE		303	0	0
UNIVERSAL CORP VA	COM	913456109	1,901	31,290	SH		DFND	1	0	31,290	0
UNIVERSAL CORP VA	COM	913456109	2,812	46,274	SH		SOLE		46,274	0	0
UNIVERSAL HLTH SVCS INC	CL B	913903100	2,022	15,511	SH		DFND	1	0	15,511	0
UNIVERSAL HLTH SVCS INC	CL B	913903100	1,956	15,002	SH		SOLE		15,002	0	0
VALERO ENERGY CORP NEW	COM	91913Y100	4,958	57,910	SH		DFND	1	0	57,910	0
VALERO ENERGY CORP NEW	COM	91913Y100	20	229	SH		SOLE		229	0	0
VERIZON COMMUNICATIONS INC	COM	92343v104	5,021	87,886	SH		DFND	1	0	87,886	0
VERIZON COMMUNICATIONS INC	COM	92343v104	25	446	SH		SOLE		446	0	0
VIACOM INC NEW	CL B	92553P201	5,459	182,758	SH		DFND	1	0	182,758	0
VIACOM INC NEW	CL B	92553P201	3,248	108,740	SH		SOLE		108,740	0	0
VIRTU FINL INC	CL A	928254101	784	35,974	SH		DFND	1	0	35,974	0
VISA INC	COM CL A	92826C839	2,650	15,268	SH		DFND	1	0	15,268	0
WADDELL & REED FINL INC	CL A	930059100	806	48,366	SH		DFND	1	0	48,366	0
WADDELL & REED FINL INC	CL A	930059100	38	2,254	SH		SOLE		2,254	0	0
WALMART INC	COM	931142103	2,645	23,942	SH		DFND	1	0	23,942	0
WALMART INC	COM	931142103	2	20	SH		SOLE		20	0	0
WATTS WATER TECHNOLOGIES INC	CL A	942749102	606	6,505	SH		DFND	1	0	6,505	0
WENDYS CO	COM	95058W100	623	31,838	SH		DFND	1	0	31,838	0
WENDYS CO	COM	95058W100	1	74	SH		SOLE		74	0	0
WESTERN DIGITAL CORP	COM	958102105	3,262	68,606	SH		DFND	1	0	68,606	0
WESTERN UN CO	COM	959802109	1,298	65,265	SH		DFND	1	0	65,265	0
WESTERN UN CO	COM	959802109	3	161	SH		SOLE		161	0	0
WESTROCK CO	COM	96145d105	3,936	107,930	SH		DFND	1	0	107,930	0
WESTROCK CO	COM	96145d105	35	968	SH		SOLE		968	0	0
WILEY JOHN & SONS INC	CL A	968223206	1,535	33,468	SH		DFND	1	0	33,468	0
WILLIAMS SONOMA INC	COM	969904101	2,052	31,572	SH		DFND	1	0	31,572	0
WILLIAMS SONOMA INC	COM	969904101	4	67	SH		SOLE		67	0	0
WINNEBAGO INDS INC	COM	974637100	1,666	43,107	SH		DFND	1	0	43,107	0
WINTRUST FINL CORP	COM	97650W108	465	6,353	SH		DFND	1	0	6,353	0
WYNDHAM DESTINATIONS INC	COM	98310w108	1,890	43,048	SH		DFND	1	0	43,048	0
WYNDHAM DESTINATIONS INC	COM	98310w108	3	74	SH		SOLE		74	0	0
XEROX CORP	COM NEW	984121608	1,251	35,323	SH		DFND	1	0	35,323	0
XEROX CORP	COM NEW	984121608	1,112	31,417	SH		SOLE		31,417	0	0
ALLEGION PUB LTD CO	ORD SHS	g0176j109	3,385	30,618	SH		DFND	1	0	30,618	0
AMDOCS LTD	SHS	G02602103	587	9,457	SH		DFND	1	0	9,457	0
AMDOCS LTD	SHS	G02602103	1	24	SH		SOLE		24	0	0
ACCENTURE PLC IRELAND	SHS CLASS A	G1151C101	2,670	14,452	SH		DFND	1	0	14,452	0
EVEREST RE GROUP LTD	COM	G3223R108	1,820	7,362	SH		DFND	1	0	7,362	0
INVESCO LTD	SHS	G491BT108	1,521	74,362	SH		DFND	1	0	74,362	0
JOHNSON CTLS INTL PLC	SHS	g51502105	3,690	89,322	SH		DFND	1	0	89,322	0
JOHNSON CTLS INTL PLC	SHS	g51502105	2,088	50,556	SH		SOLE		50,556	0	0
SEAGATE TECHNOLOGY PLC	SHS	g7945m107	4,930	104,623	SH		DFND	1	0	104,623	0
TE CONNECTIVITY LTD	REG SHS	h84989104	2,192	22,888	SH		DFND	1	0	22,888	0
TE CONNECTIVITY LTD	REG SHS	h84989104	492	5,133	SH		SOLE		5,133	0	0
ARDAGH GROUP S A	CL A	l0223l101	328	18,720	SH		DFND	1	0	18,720	0
ARDAGH GROUP S A	CL A	l0223l101	467	26,689	SH		SOLE		26,689	0	0
LYONDELLBASELL INDUSTRIES N	SHS - A -	n53745100	3,420	39,713	SH		DFND	1	0	39,713	0
NXP SEMICONDUCTORS N V	COM	N6596X109	2,366	24,243	SH		DFND	1	0	24,243	0
NXP SEMICONDUCTORS N V	COM	N6596X109	2,913	29,848	SH		SOLE		29,848	0	0
ROYAL CARIBBEAN CRUISES LTD	COM	v7780t103	5,380	44,382	SH		DFND	1	0	44,382	0
ROYAL CARIBBEAN CRUISES LTD	COM	v7780t103	465	3,834	SH		SOLE		3,834	0	0