Brandywine Global Investment Management 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
3M CO	COM	88579Y101	95,517	546,468	SH		DFND		546,468	0	0
ABBVIE INC	COM	00287Y109	19,535	182,312	SH		DFND		182,312	0	0
ACACIA RESH CORP	ACACIA TCH COM	003881307	154	39,046	SH		DFND		39,046	0	0
ACCO BRANDS CORP	COM	00081T108	2,832	335,181	SH		DFND		335,181	0	0
ACUITY BRANDS INC	COM	00508Y102	1,315	10,860	SH		DFND		10,860	0	0
ADVANCE AUTO PARTS INC	COM	00751Y106	12,444	79,005	SH		DFND		79,005	0	0
ADVANSIX INC	COM	00773T101	445	22,260	SH		DFND		22,260	0	0
AERCAP HOLDINGS NV	SHS	N00985106	23,750	521,070	SH		DFND		521,070	0	0
AES CORP	COM	00130H105	15,052	640,490	SH		DFND		640,490	0	0
AFFILIATED MANAGERS GROUP IN	COM	008252108	15,075	148,232	SH		DFND		148,232	0	0
AFLAC INC	COM	001055102	33,618	755,976	SH		DFND		755,976	0	0
AGCO CORP	COM	001084102	6,480	62,859	SH		DFND		62,859	0	0
AGILE THERAPEUTICS INC	COM	00847L100	595	207,292	SH		DFND		207,292	0	0
AIR LEASE CORP	CL A	00912X302	13,990	314,959	SH		DFND		314,959	0	0
ALASKA AIR GROUP INC	COM	011659109	1,914	36,799	SH		DFND		36,799	0	0
ALBEMARLE CORP	COM	012653101	13,026	88,303	SH		DFND		88,303	0	0
ALCOA CORP	COM	013872106	24,116	1,046,255	SH		DFND		1,046,255	0	0
ALEXION PHARMACEUTICALS INC	COM	015351109	59,619	381,585	SH		DFND		381,585	0	0
ALLEGIANCE BANCSHARES INC	COM	01748H107	203	5,937	SH		DFND		5,937	0	0
ALLEGIANT TRAVEL CO	COM	01748X102	2,966	15,672	SH		DFND		15,672	0	0
ALLEGION PLC	ORD SHS	G0176J109	6,049	51,976	SH		DFND		51,976	0	0
ALLIANCE DATA SYSTEMS CORP	COM	018581108	4,436	59,862	SH		DFND		59,862	0	0
ALLISON TRANSMISSION HLDGS I	COM	01973R101	17,809	412,918	SH		DFND		412,918	0	0
ALLSTATE CORP	COM	020002101	47,733	434,216	SH		DFND		434,216	0	0
ALLY FINL INC	COM	02005N100	19,542	548,007	SH		DFND		548,007	0	0
AMCOR PLC	ORD	G0250X107	17,408	1,479,021	SH		DFND		1,479,021	0	0
AMERCO	COM	023586100	8,444	18,601	SH		DFND		18,601	0	0
AMERICAN ELEC PWR CO INC	COM	025537101	2,366	28,412	SH		DFND		28,412	0	0
AMERICAN EQTY INVT LIFE HLD	COM	025676206	6,755	244,210	SH		DFND		244,210	0	0
AMERICAN FINL GROUP INC OHIO	COM	025932104	7,225	82,464	SH		DFND		82,464	0	0
AMERICAN WOODMARK CORPORATIO	COM	030506109	8,291	88,342	SH		DFND		88,342	0	0
AMERICAS CAR-MART INC	COM	03062T105	488	4,441	SH		DFND		4,441	0	0
AMERIPRISE FINL INC	COM	03076C106	34,432	177,181	SH		DFND		177,181	0	0
AMERIS BANCORP	COM	03076K108	1,081	28,397	SH		DFND		28,397	0	0
AMERISOURCEBERGEN CORP	COM	03073E105	17,057	174,479	SH		DFND		174,479	0	0
AMGEN INC	COM	031162100	121,017	526,345	SH		DFND		526,345	0	0
AMKOR TECHNOLOGY INC	COM	031652100	15,474	1,026,112	SH		DFND		1,026,112	0	0
AMNEAL PHARMACEUTICALS INC	COM STK CL A	03168L105	846	185,188	SH		DFND		185,188	0	0
AMTECH SYS INC	COM PAR $0.01N	032332504	3,709	581,397	SH		DFND		581,397	0	0
ANDERSONS INC	COM	034164103	4,078	166,365	SH		DFND		166,365	0	0
ANI PHARMACEUTICALS INC	COM	00182C103	431	14,840	SH		DFND		14,840	0	0
ANNALY CAPITAL MANAGEMENT IN	COM	035710409	47,849	5,662,592	SH		DFND		5,662,592	0	0
ANTARES PHARMA INC	COM	036642106	1,214	304,217	SH		DFND		304,217	0	0
ANTERO MIDSTREAM CORP	COM	03676B102	18,527	2,402,949	SH		DFND		2,402,949	0	0
ANTHEM INC	COM	036752103	67,816	211,206	SH		DFND		211,206	0	0
APOGEE ENTERPRISES INC	COM	037598109	3,743	118,162	SH		DFND		118,162	0	0
APPLIED MATLS INC	COM	038222105	74,804	866,791	SH		DFND		866,791	0	0
AQUESTIVE THERAPEUTICS INC	COM	03843E104	736	137,616	SH		DFND		137,616	0	0
ARCBEST CORP	COM	03937C105	3,949	92,546	SH		DFND		92,546	0	0
ARCHER DANIELS MIDLAND CO	COM	039483102	26,919	534,002	SH		DFND		534,002	0	0
ARISTA NETWORKS INC	COM	040413106	79,637	274,072	SH		DFND		274,072	0	0
ARMSTRONG FLOORING INC	COM	04238R106	65	17,146	SH		DFND		17,146	0	0
ARROW ELECTRS INC	COM	042735100	13,470	138,440	SH		DFND		138,440	0	0
ASBURY AUTOMOTIVE GROUP INC	COM	043436104	9,556	65,570	SH		DFND		65,570	0	0
ASSOCIATED BANC CORP	COM	045487105	5,383	315,690	SH		DFND		315,690	0	0
ASSURANT INC	COM	04621X108	7,661	56,237	SH		DFND		56,237	0	0
ASTRAZENECA PLC	SPONSORED ADR	046353108	13,336	266,764	SH		DFND		266,764	0	0
AT&T INC	COM	00206R102	37,293	1,296,684	SH		DFND		1,296,684	0	0
ATLANTIC CAP BANCSHARES INC	COM	048269203	5,343	335,637	SH		DFND		335,637	0	0
ATLANTIC UN BANKSHARES CORP	COM	04911A107	1,060	32,165	SH		DFND		32,165	0	0
ATLAS AIR WORLDWIDE HLDGS IN	COM NEW	049164205	6,062	111,142	SH		DFND		111,142	0	0
AUTONATION INC	COM	05329W102	20,517	293,988	SH		DFND		293,988	0	0
AUTOZONE INC	COM	053332102	25,540	21,545	SH		DFND		21,545	0	0
AVERY DENNISON CORP	COM	053611109	10,082	64,999	SH		DFND		64,999	0	0
AVNET INC	COM	053807103	12,019	342,326	SH		DFND		342,326	0	0
AXIS CAP HLDGS LTD	SHS	G0692U109	10,964	217,592	SH		DFND		217,592	0	0
AXOS FINANCIAL INC	COM	05465C100	6,860	182,777	SH		DFND		182,777	0	0
BANC OF CALIFORNIA INC	COM	05990K106	1,717	116,736	SH		DFND		116,736	0	0
BANCO DE CHILE	SPONSORED ADS	059520106	613	30,100	SH		DFND		30,100	0	0
BANCO SANTANDER S.A.	ADR	05964H105	30,354	9,952,214	SH		DFND		9,952,214	0	0
BANCORP INC DEL	COM	05969A105	382	27,962	SH		DFND		27,962	0	0
BANCORPSOUTH BK TUPELO MISS	COM	05971J102	5,419	197,479	SH		DFND		197,479	0	0
BANK NEW YORK MELLON CORP	COM	064058100	35,895	845,778	SH		DFND		845,778	0	0
BANK OZK	COM	06417N103	10,358	331,241	SH		DFND		331,241	0	0
BANKUNITED INC	COM	06652K103	3,001	86,293	SH		DFND		86,293	0	0
BANNER CORP	COM NEW	06652V208	3,603	77,335	SH		DFND		77,335	0	0
BAUDAX BIO INC	COM	07160F107	223	220,893	SH		DFND		220,893	0	0
BEAZER HOMES USA INC	COM NEW	07556Q881	373	24,627	SH		DFND		24,627	0	0
BENCHMARK ELECTRS INC	COM	08160H101	2,348	86,936	SH		DFND		86,936	0	0
BERKLEY W R CORP	COM	084423102	11,167	168,129	SH		DFND		168,129	0	0
BERKSHIRE HATHAWAY INC DEL	CL B NEW	084670702	53,735	231,747	SH		DFND		231,747	0	0
BERRY GLOBAL GROUP INC	COM	08579W103	6,090	108,384	SH		DFND		108,384	0	0
BEST BUY INC	COM	086516101	24,761	248,135	SH		DFND		248,135	0	0
BIG LOTS INC	COM	089302103	8,498	197,944	SH		DFND		197,944	0	0
BIO RAD LABS INC	CL A	090572207	11,544	19,803	SH		DFND		19,803	0	0
BIODELIVERY SCIENCES INTL IN	COM	09060J106	760	180,947	SH		DFND		180,947	0	0
BIOGEN INC	COM	09062X103	26,865	109,717	SH		DFND		109,717	0	0
BK OF AMERICA CORP	COM	060505104	342,290	11,292,968	SH		DFND		11,292,968	0	0
BLACKROCK INC	COM	09247X101	110,301	152,869	SH		DFND		152,869	0	0
BOISE CASCADE CO DEL	COM	09739D100	4,466	93,425	SH		DFND		93,425	0	0
BONANZA CREEK ENERGY INC	COM NEW	097793400	319	16,524	SH		DFND		16,524	0	0
BOSTON PROPERTIES INC	COM	101121101	33,559	355,013	SH		DFND		355,013	0	0
BP PLC	SPONSORED ADR	055622104	36,832	1,794,943	SH		DFND		1,794,943	0	0
BRIDGEWATER BANCSHARES INC	COM ACCD INV	108621103	167	13,362	SH		DFND		13,362	0	0
BRIGHTHOUSE FINL INC	COM	10922N103	7,898	218,157	SH		DFND		218,157	0	0
BRIGHTSPHERE INVT GROUP INC	COM	10948W103	4,728	245,245	SH		DFND		245,245	0	0
BRISTOL-MYERS SQUIBB CO	COM	110122108	24,486	394,751	SH		DFND		394,751	0	0
BROADCOM INC	COM	11135F101	145,584	332,497	SH		DFND		332,497	0	0
BRUNSWICK CORP	COM	117043109	6,747	88,503	SH		DFND		88,503	0	0
BRYN MAWR BK CORP	COM	117665109	215	7,030	SH		DFND		7,030	0	0
BUCKLE INC	COM	118440106	4,398	150,633	SH		DFND		150,633	0	0
BUNGE LIMITED	COM	G16962105	8,754	133,485	SH		DFND		133,485	0	0
BWX TECHNOLOGIES INC	COM	05605H100	3,248	53,885	SH		DFND		53,885	0	0
BYLINE BANCORP INC	COM	124411109	225	14,533	SH		DFND		14,533	0	0
CABOT OIL & GAS CORP	COM	127097103	4,614	283,413	SH		DFND		283,413	0	0
CACTUS INC	CL A	127203107	858	32,910	SH		DFND		32,910	0	0
CADENCE BANCORPORATION	CL A	12739A100	845	51,484	SH		DFND		51,484	0	0
CAI INTERNATIONAL INC	COM	12477X106	436	13,948	SH		DFND		13,948	0	0
CAMDEN NATL CORP	COM	133034108	224	6,262	SH		DFND		6,262	0	0
CAMPING WORLD HLDGS INC	CL A	13462K109	2,655	101,932	SH		DFND		101,932	0	0
CANADIAN NAT RES LTD	COM	136385101	44,165	1,837,910	SH		DFND		1,837,910	0	0
CAPITAL ONE FINL CORP	COM	14040H105	48,579	491,444	SH		DFND		491,444	0	0
CARDINAL HEALTH INC	COM	14149Y108	13,180	246,086	SH		DFND		246,086	0	0
CARLISLE COS INC	COM	142339100	8,516	54,530	SH		DFND		54,530	0	0
CARMAX INC	COM	143130102	8,754	92,672	SH		DFND		92,672	0	0
CATALYST PHARMACEUTICALS INC	COM	14888U101	1,193	357,325	SH		DFND		357,325	0	0
CATERPILLAR INC	COM	149123101	11,626	63,873	SH		DFND		63,873	0	0
CATHAY GEN BANCORP	COM	149150104	5,741	178,343	SH		DFND		178,343	0	0
CBRE GROUP INC	CL A	12504L109	20,093	320,357	SH		DFND		320,357	0	0
CDK GLOBAL INC	COM	12508E101	5,144	99,252	SH		DFND		99,252	0	0
CDW CORP	COM	12514G108	17,774	134,863	SH		DFND		134,863	0	0
CELANESE CORP DEL	COM	150870103	25,780	198,401	SH		DFND		198,401	0	0
CENTRAL PAC FINL CORP	COM NEW	154760409	5,539	291,354	SH		DFND		291,354	0	0
CENTURY ALUM CO	COM	156431108	345	31,321	SH		DFND		31,321	0	0
CENTURY CMNTYS INC	COM	156504300	6,295	143,792	SH		DFND		143,792	0	0
CF INDS HLDGS INC	COM	125269100	5,903	152,480	SH		DFND		152,480	0	0
CHART INDS INC	COM PAR $0.01	16115Q308	35,101	297,997	SH		DFND		297,997	0	0
CHEFS WHSE INC	COM	163086101	9,592	373,378	SH		DFND		373,378	0	0
CHEMOURS CO	COM	163851108	17,514	706,494	SH		DFND		706,494	0	0
CHENIERE ENERGY INC	COM NEW	16411R208	14,324	238,622	SH		DFND		238,622	0	0
CHEVRON CORP NEW	COM	166764100	32,030	379,282	SH		DFND		379,282	0	0
CHIASMA INC	COM	16706W102	629	144,488	SH		DFND		144,488	0	0
CHUBB LIMITED	COM	H1467J104	65,838	427,739	SH		DFND		427,739	0	0
CIENA CORP	COM NEW	171779309	7,706	145,800	SH		DFND		145,800	0	0
CIGNA CORP NEW	COM	125523100	61,695	296,352	SH		DFND		296,352	0	0
CIMPRESS PLC	SHS EURO	G2143T103	2,363	26,937	SH		DFND		26,937	0	0
CISCO SYS INC	COM	17275R102	154,840	3,460,115	SH		DFND		3,460,115	0	0
CITIGROUP INC	COM NEW	172967424	181,717	2,947,081	SH		DFND		2,947,081	0	0
CITIZENS FINL GROUP INC	COM	174610105	72,623	2,030,854	SH		DFND		2,030,854	0	0
CITRIX SYS INC	COM	177376100	3,042	23,385	SH		DFND		23,385	0	0
CLEAN ENERGY FUELS CORP	COM	184499101	822	104,600	SH		DFND		104,600	0	0
CLEARWATER PAPER CORP	COM	18538R103	422	11,176	SH		DFND		11,176	0	0
CNO FINL GROUP INC	COM	12621E103	8,113	364,977	SH		DFND		364,977	0	0
CNX RES CORP	COM	12653C108	12,225	1,131,944	SH		DFND		1,131,944	0	0
COGNIZANT TECHNOLOGY SOLUTIO	CL A	192446102	63,390	773,520	SH		DFND		773,520	0	0
COHERENT INC	COM	192479103	2,124	14,156	SH		DFND		14,156	0	0
COHERUS BIOSCIENCES INC	COM	19249H103	6,263	360,344	SH		DFND		360,344	0	0
COHU INC	COM	192576106	5,531	144,863	SH		DFND		144,863	0	0
COLLEGIUM PHARMACEUTICAL INC	COM	19459J104	1,696	84,650	SH		DFND		84,650	0	0
COLUMBIA BKG SYS INC	COM	197236102	6,013	167,501	SH		DFND		167,501	0	0
COMCAST CORP NEW	CL A	20030N101	203,549	3,884,514	SH		DFND		3,884,514	0	0
COMERICA INC	COM	200340107	51,035	913,626	SH		DFND		913,626	0	0
COMMERCE BANCSHARES INC	COM	200525103	6,453	98,225	SH		DFND		98,225	0	0
COMMERCIAL METALS CO	COM	201723103	12,385	602,994	SH		DFND		602,994	0	0
COMPUTER TASK GROUP INC	COM	205477102	62	10,063	SH		DFND		10,063	0	0
CONAGRA BRANDS INC	COM	205887102	16,721	461,136	SH		DFND		461,136	0	0
CONDUENT INC	COM	206787103	2,394	498,826	SH		DFND		498,826	0	0
CONNECTONE BANCORP INC	COM	20786W107	6,670	337,037	SH		DFND		337,037	0	0
CONNS INC	COM	208242107	269	23,050	SH		DFND		23,050	0	0
CONOCOPHILLIPS	COM	20825C104	10,575	264,435	SH		DFND		264,435	0	0
CONTINENTAL RES INC	COM	212015101	4,310	264,390	SH		DFND		264,390	0	0
CONTURA ENERGY INC	COM	21241B100	165	14,510	SH		DFND		14,510	0	0
COOPER TIRE & RUBR CO	COM	216831107	5,947	146,851	SH		DFND		146,851	0	0
CORE LABORATORIES N V	COM	N22717107	3,484	131,404	SH		DFND		131,404	0	0
CORNERSTONE BLDG BRANDS INC	COM	21925D109	6,808	733,654	SH		DFND		733,654	0	0
CORNING INC	COM	219350105	21,438	595,499	SH		DFND		595,499	0	0
CORTEVA INC	COM	22052L104	56,015	1,446,664	SH		DFND		1,446,664	0	0
COWEN INC	CL A NEW	223622606	362	13,933	SH		DFND		13,933	0	0
CREDIT ACCEP CORP MICH	COM	225310101	1,772	5,118	SH		DFND		5,118	0	0
CROWN HLDGS INC	COM	228368106	47,705	476,101	SH		DFND		476,101	0	0
CSX CORP	COM	126408103	58,878	648,795	SH		DFND		648,795	0	0
CULLEN FROST BANKERS INC	COM	229899109	4,351	49,878	SH		DFND		49,878	0	0
CUMMINS INC	COM	231021106	58,795	258,893	SH		DFND		258,893	0	0
CVS HEALTH CORP	COM	126650100	57,576	842,992	SH		DFND		842,992	0	0
D R HORTON INC	COM	23331A109	58,311	846,070	SH		DFND		846,070	0	0
DANA INC	COM	235825205	8,990	460,560	SH		DFND		460,560	0	0
DARLING INGREDIENTS INC	COM	237266101	11,382	197,331	SH		DFND		197,331	0	0
DAVITA INC	COM	23918K108	26,723	227,627	SH		DFND		227,627	0	0
DECKERS OUTDOOR CORP	COM	243537107	2,504	8,730	SH		DFND		8,730	0	0
DICKS SPORTING GOODS INC	COM	253393102	4,202	74,751	SH		DFND		74,751	0	0
DIGI INTL INC	COM	253798102	350	18,511	SH		DFND		18,511	0	0
DISCOVER FINL SVCS	COM	254709108	29,781	328,966	SH		DFND		328,966	0	0
DISCOVERY INC	COM SER A	25470F104	4,600	152,863	SH		DFND		152,863	0	0
DISCOVERY INC	COM SER C	25470F302	1	52	SH		DFND		52	0	0
DISH NETWORK CORPORATION	NOTE 3.375% 8/1	25470MAB5	31,874	33,350,000	PRN		DFND		33,350,000	0	0
DISNEY WALT CO	COM	254687106	6,816	37,621	SH		DFND		37,621	0	0
DOLLAR GEN CORP NEW	COM	256677105	48,950	232,764	SH		DFND		232,764	0	0
DOLLAR TREE INC	COM	256746108	24,147	223,505	SH		DFND		223,505	0	0
DOMTAR CORP	COM NEW	257559203	6,499	205,762	SH		DFND		205,762	0	0
DONNELLEY FINL SOLUTIONS INC	COM	25787G100	278	16,375	SH		DFND		16,375	0	0
DOVER CORP	COM	260003108	17,163	135,942	SH		DFND		135,942	0	0
DRIL QUIP INC	COM	262037104	740	24,976	SH		DFND		24,976	0	0
DUKE ENERGY CORP NEW	COM NEW	26441C204	2,604	28,438	SH		DFND		28,438	0	0
DUPONT DE NEMOURS INC	COM	26614N102	53,691	755,045	SH		DFND		755,045	0	0
EAST WEST BANCORP INC	COM	27579R104	12,289	242,336	SH		DFND		242,336	0	0
EASTMAN CHEM CO	COM	277432100	47,436	473,034	SH		DFND		473,034	0	0
EBAY INC.	COM	278642103	61,339	1,220,668	SH		DFND		1,220,668	0	0
EBIX INC	COM NEW	278715206	1,474	38,813	SH		DFND		38,813	0	0
EDGEWELL PERS CARE CO	COM	28035Q102	9,476	274,037	SH		DFND		274,037	0	0
EMERSON ELEC CO	COM	291011104	39,494	491,408	SH		DFND		491,408	0	0
ENCORE CAP GROUP INC	COM	292554102	3,736	95,926	SH		DFND		95,926	0	0
ENSTAR GROUP LIMITED	SHS	G3075P101	11,688	57,047	SH		DFND		57,047	0	0
ENTERPRISE FINL SVCS CORP	COM	293712105	1,835	52,517	SH		DFND		52,517	0	0
EOG RES INC	COM	26875P101	27,743	556,307	SH		DFND		556,307	0	0
EQT CORP	COM	26884L109	15,324	1,205,628	SH		DFND		1,205,628	0	0
EQUITABLE HLDGS INC	COM	29452E101	10,962	428,382	SH		DFND		428,382	0	0
EQUITRANS MIDSTREAM CORP	COM	294600101	13,075	1,626,205	SH		DFND		1,626,205	0	0
ESSENT GROUP LTD	COM	G3198U102	31,994	740,600	SH		DFND		740,600	0	0
EVERCORE INC	CLASS A	29977A105	13,623	124,255	SH		DFND		124,255	0	0
EVEREST RE GROUP LTD	COM	G3223R108	7,390	31,569	SH		DFND		31,569	0	0
EVOLUS INC	COM	30052C107	400	119,196	SH		DFND		119,196	0	0
EXELON CORP	COM	30161N101	42,095	997,047	SH		DFND		997,047	0	0
EXXON MOBIL CORP	COM	30231G102	75,029	1,820,213	SH		DFND		1,820,213	0	0
EZCORP INC	CL A NON VTG	302301106	121	25,242	SH		DFND		25,242	0	0
FACEBOOK INC	CL A	30303M102	29,218	106,962	SH		DFND		106,962	0	0
FBL FINL GROUP INC	CL A	30239F106	1,686	32,099	SH		DFND		32,099	0	0
FEDERATED HERMES INC	CL B	314211103	1,174	40,622	SH		DFND		40,622	0	0
FEDEX CORP	COM	31428X106	12,530	48,262	SH		DFND		48,262	0	0
FIFTH THIRD BANCORP	COM	316773100	18,797	681,801	SH		DFND		681,801	0	0
FIRST AMERN FINL CORP	COM	31847R102	4,496	87,086	SH		DFND		87,086	0	0
FIRST BANCORP N C	COM	318910106	396	11,704	SH		DFND		11,704	0	0
FIRST BANCORP P R	COM NEW	318672706	13,699	1,485,802	SH		DFND		1,485,802	0	0
FIRST BUS FINL SVCS INC WIS	COM	319390100	1,508	81,916	SH		DFND		81,916	0	0
FIRST BUSEY CORP	COM NEW	319383204	1,548	71,821	SH		DFND		71,821	0	0
FIRST CTZNS BANCSHARES INC N	CL A	31946M103	6,664	11,605	SH		DFND		11,605	0	0
FIRST FINANCIAL NORTHWEST IN	COM	32022K102	1,407	123,446	SH		DFND		123,446	0	0
FIRST FINL CORP IND	COM	320218100	248	6,371	SH		DFND		6,371	0	0
FIRST HAWAIIAN INC	COM	32051X108	1,261	53,468	SH		DFND		53,468	0	0
FIRST INTERNET BANCORP	COM	320557101	6,163	214,450	SH		DFND		214,450	0	0
FIRST MERCHANTS CORP	COM	320817109	828	22,135	SH		DFND		22,135	0	0
FIRST MIDWEST BANCORP DEL	COM	320867104	1,690	106,156	SH		DFND		106,156	0	0
FIRST NORTHWEST BANCORP	COM	335834107	2,942	188,618	SH		DFND		188,618	0	0
FIRSTENERGY CORP	COM	337932107	37,630	1,229,334	SH		DFND		1,229,334	0	0
FLAGSTAR BANCORP INC	COM PAR .001	337930705	8,633	211,805	SH		DFND		211,805	0	0
FLEXION THERAPEUTICS INC	COM	33938J106	875	75,812	SH		DFND		75,812	0	0
FMC CORP	COM NEW	302491303	14,064	122,368	SH		DFND		122,368	0	0
FONAR CORP	COM NEW	344437405	1,917	110,440	SH		DFND		110,440	0	0
FOOT LOCKER INC	COM	344849104	610	15,083	SH		DFND		15,083	0	0
FORD MTR CO DEL	COM	345370860	32,788	3,730,127	SH		DFND		3,730,127	0	0
FORTUNE BRANDS HOME & SEC IN	COM	34964C106	9,997	116,626	SH		DFND		116,626	0	0
FOSSIL GROUP INC	COM	34988V106	300	34,610	SH		DFND		34,610	0	0
FOX CORP	CL A COM	35137L105	9,730	334,129	SH		DFND		334,129	0	0
FOX CORP	CL B COM	35137L204	1	39	SH		DFND		39	0	0
FRANKLIN STR PPTYS CORP	COM	35471R106	2,869	656,527	SH		DFND		656,527	0	0
FRANKS INTL N V	COM	N33462107	3,474	1,267,781	SH		DFND		1,267,781	0	0
FREEPORT-MCMORAN INC	CL B	35671D857	14,681	564,230	SH		DFND		564,230	0	0
FRIEDMAN INDS INC	COM	358435105	321	46,753	SH		DFND		46,753	0	0
FUTUREFUEL CORP	COM	36116M106	440	34,676	SH		DFND		34,676	0	0
G III APPAREL GROUP LTD	COM	36237H101	1,441	60,704	SH		DFND		60,704	0	0
GATX CORP	COM	361448103	3,885	46,702	SH		DFND		46,702	0	0
GENCO SHIPPING & TRADING LTD	SHS	Y2685T131	244	33,100	SH		DFND		33,100	0	0
GENERAL DYNAMICS CORP	COM	369550108	35,994	241,862	SH		DFND		241,862	0	0
GENERAL MTRS CO	COM	37045V100	154,093	3,700,596	SH		DFND		3,700,596	0	0
GENPACT LIMITED	SHS	G3922B107	7,383	178,514	SH		DFND		178,514	0	0
GENTEX CORP	COM	371901109	6,810	200,710	SH		DFND		200,710	0	0
GENUINE PARTS CO	COM	372460105	13,660	136,019	SH		DFND		136,019	0	0
GEOPARK LTD	USD SHS	G38327105	6,145	518,704	SH		DFND		518,704	0	0
GLATFELTER CORPORATION	COM	377320106	360	21,956	SH		DFND		21,956	0	0
GLAXOSMITHKLINE PLC	SPONSORED ADR	37733W105	27,509	747,521	SH		DFND		747,521	0	0
GLOBE LIFE INC	COM	37959E102	18,802	197,997	SH		DFND		197,997	0	0
GLOBUS MED INC	CL A	379577208	2,340	35,879	SH		DFND		35,879	0	0
GMS INC	COM	36251C103	4,717	154,749	SH		DFND		154,749	0	0
GOLDMAN SACHS GROUP INC	COM	38141G104	110,179	417,805	SH		DFND		417,805	0	0
GOODYEAR TIRE & RUBR CO	COM	382550101	6,063	555,758	SH		DFND		555,758	0	0
GRAINGER W W INC	COM	384802104	18,392	45,040	SH		DFND		45,040	0	0
GRAY TELEVISION INC	COM	389375106	2,000	111,780	SH		DFND		111,780	0	0
GREAT LAKES DREDGE & DOCK CO	COM	390607109	4,312	327,405	SH		DFND		327,405	0	0
GREAT SOUTHN BANCORP INC	COM	390905107	611	12,486	SH		DFND		12,486	0	0
GREEN BRICK PARTNERS INC	COM	392709101	2,103	91,574	SH		DFND		91,574	0	0
GREEN PLAINS INC	COM	393222104	372	28,280	SH		DFND		28,280	0	0
GREENBRIER COS INC	COM	393657101	5,996	164,826	SH		DFND		164,826	0	0
GREIF INC	CL A	397624107	6,247	133,251	SH		DFND		133,251	0	0
GRIFFON CORP	COM	398433102	2,726	133,762	SH		DFND		133,762	0	0
GROUP 1 AUTOMOTIVE INC	COM	398905109	10,326	78,737	SH		DFND		78,737	0	0
HANCOCK WHITNEY CORPORATION	COM	410120109	1,201	35,301	SH		DFND		35,301	0	0
HANESBRANDS INC	COM	410345102	25,454	1,745,850	SH		DFND		1,745,850	0	0
HANOVER INS GROUP INC	COM	410867105	560	4,789	SH		DFND		4,789	0	0
HARBORONE BANCORP INC NEW	COM NEW	41165Y100	5,907	543,953	SH		DFND		543,953	0	0
HARTFORD FINL SVCS GROUP INC	COM	416515104	16,695	340,850	SH		DFND		340,850	0	0
HAWAIIAN HOLDINGS INC	COM	419879101	3,762	212,552	SH		DFND		212,552	0	0
HAYNES INTERNATIONAL INC	COM NEW	420877201	3,917	164,296	SH		DFND		164,296	0	0
HCA HEALTHCARE INC	COM	40412C101	64,699	393,401	SH		DFND		393,401	0	0
HEARTLAND FINL USA INC	COM	42234Q102	2,136	52,907	SH		DFND		52,907	0	0
HEIDRICK & STRUGGLES INTL IN	COM	422819102	265	9,019	SH		DFND		9,019	0	0
HELIX ENERGY SOLUTIONS GRP I	COM	42330P107	77	18,450	SH		DFND		18,450	0	0
HELMERICH & PAYNE INC	COM	423452101	3,128	135,054	SH		DFND		135,054	0	0
HENRY SCHEIN INC	COM	806407102	8,185	122,418	SH		DFND		122,418	0	0
HERITAGE FINL CORP WASH	COM	42722X106	1,981	84,680	SH		DFND		84,680	0	0
HERITAGE INS HLDGS INC	COM	42727J102	2,938	290,040	SH		DFND		290,040	0	0
HEWLETT PACKARD ENTERPRISE C	COM	42824C109	14,602	1,232,206	SH		DFND		1,232,206	0	0
HIBBETT SPORTS INC	COM	428567101	544	11,776	SH		DFND		11,776	0	0
HILLTOP HOLDINGS INC	COM	432748101	7,595	276,076	SH		DFND		276,076	0	0
HOLOGIC INC	COM	436440101	15,269	209,657	SH		DFND		209,657	0	0
HOME BANCSHARES INC	COM	436893200	9,849	505,618	SH		DFND		505,618	0	0
HOMESTREET INC	COM	43785V102	9,000	266,655	SH		DFND		266,655	0	0
HOOKER FURNITURE CORP	COM	439038100	261	8,093	SH		DFND		8,093	0	0
HORACE MANN EDUCATORS CORP N	COM	440327104	5,317	126,471	SH		DFND		126,471	0	0
HORIZON BANCORP INC	COM	440407104	6,576	414,608	SH		DFND		414,608	0	0
HOWMET AEROSPACE INC	COM	443201108	10,023	351,199	SH		DFND		351,199	0	0
HP INC	COM	40434L105	30,332	1,233,510	SH		DFND		1,233,510	0	0
HUBBELL INC	COM	443510607	8,038	51,267	SH		DFND		51,267	0	0
HUMANA INC	COM	444859102	44,385	108,186	SH		DFND		108,186	0	0
HUNTINGTON BANCSHARES INC	COM	446150104	10,564	836,455	SH		DFND		836,455	0	0
HUNTSMAN CORP	COM	447011107	51,444	2,046,318	SH		DFND		2,046,318	0	0
HYATT HOTELS CORP	COM CL A	448579102	2,737	36,866	SH		DFND		36,866	0	0
HYSTER YALE MATLS HANDLING I	CL A	449172105	10,616	178,264	SH		DFND		178,264	0	0
ICHOR HOLDINGS	SHS	G4740B105	6,063	201,139	SH		DFND		201,139	0	0
INDEPENDENT BK GROUP INC	COM	45384B106	8,237	131,750	SH		DFND		131,750	0	0
INGLES MKTS INC	CL A	457030104	3,055	71,610	SH		DFND		71,610	0	0
INGREDION INC	COM	457187102	52,891	672,315	SH		DFND		672,315	0	0
INMODE LTD	SHS	M5425M103	5,041	106,170	SH		DFND		106,170	0	0
INSIGHT ENTERPRISES INC	COM	45765U103	9,809	128,913	SH		DFND		128,913	0	0
INTEL CORP	COM	458140100	38,785	778,499	SH		DFND		778,499	0	0
INTERNATIONAL BANCSHARES COR	COM	459044103	6,100	162,930	SH		DFND		162,930	0	0
INTERNATIONAL BUSINESS MACHS	COM	459200101	93,105	739,635	SH		DFND		739,635	0	0
INTERNATIONAL PAPER CO	COM	460146103	18,699	376,078	SH		DFND		376,078	0	0
INTERPUBLIC GROUP COS INC	COM	460690100	6,404	272,280	SH		DFND		272,280	0	0
INVESCO LTD	SHS	G491BT108	5,156	295,840	SH		DFND		295,840	0	0
INVESTORS BANCORP INC NEW	COM	46146L101	5,977	566,014	SH		DFND		566,014	0	0
IROBOT CORP	COM	462726100	1,387	17,269	SH		DFND		17,269	0	0
ISHARES INC	MSCI STH KOR ETF	464286772	645	7,500	SH		DFND		7,500	0	0
ISHARES TR	RUS MDCP VAL ETF	464287473	241	2,484	SH		DFND		2,484	0	0
ISHARES TR	RUS 1000 VAL ETF	464287598	30,247	221,214	SH		DFND		221,214	0	0
ISHARES TR	RUS 2000 VAL ETF	464287630	27,618	209,627	SH		DFND		209,627	0	0
ITAU UNIBANCO HLDG S A	SPON ADR REP PFD	465562106	605	99,300	SH		DFND		99,300	0	0
ITT INC	COM	45073V108	6,268	81,380	SH		DFND		81,380	0	0
J & J SNACK FOODS CORP	COM	466032109	1,609	10,358	SH		DFND		10,358	0	0
J2 GLOBAL INC	COM	48123V102	838	8,579	SH		DFND		8,579	0	0
JABIL INC	COM	466313103	6,016	141,446	SH		DFND		141,446	0	0
JAZZ PHARMACEUTICALS PLC	SHS USD	G50871105	35,833	217,101	SH		DFND		217,101	0	0
JEFFERIES FINL GROUP INC	COM	47233W109	25,979	1,056,059	SH		DFND		1,056,059	0	0
JELD-WEN HLDG INC	COM	47580P103	1,277	50,370	SH		DFND		50,370	0	0
JOHNSON & JOHNSON	COM	478160104	333,261	2,117,554	SH		DFND		2,117,554	0	0
JOHNSON CTLS INTL PLC	SHS	G51502105	46,816	1,004,845	SH		DFND		1,004,845	0	0
JONES LANG LASALLE INC	COM	48020Q107	7,228	48,713	SH		DFND		48,713	0	0
JPMORGAN CHASE & CO	COM	46625H100	398,845	3,138,779	SH		DFND		3,138,779	0	0
JUNIPER NETWORKS INC	COM	48203R104	8,530	378,941	SH		DFND		378,941	0	0
KB HOME	COM	48666K109	13,055	389,472	SH		DFND		389,472	0	0
KELLY SVCS INC	CL A	488152208	3,746	182,127	SH		DFND		182,127	0	0
KEMPER CORP	COM	488401100	7,714	100,399	SH		DFND		100,399	0	0
KEYCORP	COM	493267108	15,417	939,477	SH		DFND		939,477	0	0
KIMBALL ELECTRONICS INC	COM	49428J109	265	16,572	SH		DFND		16,572	0	0
KKR & CO INC	COM	48251W104	22,639	559,118	SH		DFND		559,118	0	0
KLA CORP	COM NEW	482480100	22,933	88,576	SH		DFND		88,576	0	0
KNIGHT-SWIFT TRANSN HLDGS IN	CL A	499049104	6,014	143,801	SH		DFND		143,801	0	0
KNOLL INC	COM NEW	498904200	3,845	261,907	SH		DFND		261,907	0	0
KRAFT HEINZ CO	COM	500754106	40,118	1,157,477	SH		DFND		1,157,477	0	0
KROGER CO	COM	501044101	51,833	1,632,020	SH		DFND		1,632,020	0	0
LABORATORY CORP AMER HLDGS	COM NEW	50540R409	16,591	81,509	SH		DFND		81,509	0	0
LAKELAND BANCORP INC	COM	511637100	905	71,254	SH		DFND		71,254	0	0
LAM RESEARCH CORP	COM	512807108	46,988	99,494	SH		DFND		99,494	0	0
LAWSON PRODS INC	COM	520776105	2,644	51,939	SH		DFND		51,939	0	0
LAZARD LTD	SHS A	G54050102	4,635	109,586	SH		DFND		109,586	0	0
LEAR CORP	COM NEW	521865204	7,918	49,790	SH		DFND		49,790	0	0
LEIDOS HOLDINGS INC	COM	525327102	8,444	80,324	SH		DFND		80,324	0	0
LENNAR CORP	CL A	526057104	33,869	444,305	SH		DFND		444,305	0	0
LGI HOMES INC	COM	50187T106	3,336	31,519	SH		DFND		31,519	0	0
LILLY ELI & CO	COM	532457108	132,324	783,726	SH		DFND		783,726	0	0
LINCOLN NATL CORP IND	COM	534187109	10,450	207,722	SH		DFND		207,722	0	0
LKQ CORP	COM	501889208	10,236	290,461	SH		DFND		290,461	0	0
LOEWS CORP	COM	540424108	11,202	248,831	SH		DFND		248,831	0	0
LOWES COS INC	COM	548661107	111,543	694,931	SH		DFND		694,931	0	0
LPL FINL HLDGS INC	COM	50212V100	7,837	75,199	SH		DFND		75,199	0	0
LYONDELLBASELL INDUSTRIES N	SHS - A -	N53745100	51,650	563,498	SH		DFND		563,498	0	0
M D C HLDGS INC	COM	552676108	10,416	214,312	SH		DFND		214,312	0	0
M/I HOMES INC	COM	55305B101	6,373	143,901	SH		DFND		143,901	0	0
MAGNA INTL INC	COM	559222401	31,023	438,269	SH		DFND		438,269	0	0
MANITOWOC CO INC	COM NEW	563571405	4,348	326,661	SH		DFND		326,661	0	0
MANPOWERGROUP INC	COM	56418H100	3,905	43,300	SH		DFND		43,300	0	0
MARINEMAX INC	COM	567908108	509	14,535	SH		DFND		14,535	0	0
MARKEL CORP	COM	570535104	12,291	11,895	SH		DFND		11,895	0	0
MARVELL TECHNOLOGY GROUP LTD	ORD	G5876H105	36,516	768,104	SH		DFND		768,104	0	0
MASCO CORP	COM	574599106	13,557	246,806	SH		DFND		246,806	0	0
MASTERCRAFT BOAT HLDGS INC	COM	57637H103	3,536	142,331	SH		DFND		142,331	0	0
MAYVILLE ENGINEERING CO INC	COM	578605107	213	15,902	SH		DFND		15,902	0	0
MCKESSON CORP	COM	58155Q103	31,960	183,764	SH		DFND		183,764	0	0
MEDTRONIC PLC	SHS	G5960L103	26,668	227,663	SH		DFND		227,663	0	0
MERCK & CO. INC	COM	58933Y105	177,260	2,166,988	SH		DFND		2,166,988	0	0
MERCURY GENL CORP NEW	COM	589400100	1,455	27,874	SH		DFND		27,874	0	0
MERITAGE HOMES CORP	COM	59001A102	11,543	139,372	SH		DFND		139,372	0	0
METHODE ELECTRS INC	COM	591520200	6,178	161,377	SH		DFND		161,377	0	0
METLIFE INC	COM	59156R108	40,027	852,541	SH		DFND		852,541	0	0
MGIC INVT CORP WIS	COM	552848103	2,960	235,818	SH		DFND		235,818	0	0
MGM RESORTS INTERNATIONAL	COM	552953101	11,807	374,692	SH		DFND		374,692	0	0
MICHAELS COS INC	COM	59408Q106	9,672	743,392	SH		DFND		743,392	0	0
MICRON TECHNOLOGY INC	COM	595112103	124,172	1,651,663	SH		DFND		1,651,663	0	0
MILLER INDS INC TENN	COM NEW	600551204	268	7,040	SH		DFND		7,040	0	0
MINERALS TECHNOLOGIES INC	COM	603158106	5,982	96,290	SH		DFND		96,290	0	0
MODINE MFG CO	COM	607828100	509	40,560	SH		DFND		40,560	0	0
MOHAWK INDS INC	COM	608190104	16,490	116,995	SH		DFND		116,995	0	0
MOLINA HEALTHCARE INC	COM	60855R100	18,406	86,543	SH		DFND		86,543	0	0
MOLSON COORS BEVERAGE CO	CL B	60871R209	31,839	704,564	SH		DFND		704,564	0	0
MORGAN STANLEY	COM NEW	617446448	64,995	948,420	SH		DFND		948,420	0	0
MOSAIC CO NEW	COM	61945C103	8,344	362,612	SH		DFND		362,612	0	0
MR COOPER GROUP INC	COM	62482R107	1,141	36,786	SH		DFND		36,786	0	0
MTS SYS CORP	COM	553777103	12,604	216,721	SH		DFND		216,721	0	0
MURPHY OIL CORP	COM	626717102	2,332	192,692	SH		DFND		192,692	0	0
MURPHY USA INC	COM	626755102	17,379	132,796	SH		DFND		132,796	0	0
NASDAQ INC	COM	631103108	20,512	154,531	SH		DFND		154,531	0	0
NATIONAL BK HLDGS CORP	CL A	633707104	1,631	49,785	SH		DFND		49,785	0	0
NATURAL GAS SERVICES GROUP	COM	63886Q109	101	10,690	SH		DFND		10,690	0	0
NELNET INC	CL A	64031N108	5,055	70,952	SH		DFND		70,952	0	0
NEOS THERAPEUTICS INC	COM	64052L106	76	122,404	SH		DFND		122,404	0	0
NETAPP INC	COM	64110D104	24,322	367,174	SH		DFND		367,174	0	0
NETWORK-1 TECHNOLOGIES INC	COM	64121N109	45	12,240	SH		DFND		12,240	0	0
NEW HOME CO INC	COM	645370107	68	14,411	SH		DFND		14,411	0	0
NEWELL BRANDS INC	COM	651229106	8,558	403,104	SH		DFND		403,104	0	0
NEWMONT CORP	COM	651639106	118,249	1,974,443	SH		DFND		1,974,443	0	0
NEXSTAR MEDIA GROUP INC	CL A	65336K103	6,940	63,556	SH		DFND		63,556	0	0
NEXTERA ENERGY INC	COM	65339F101	6,606	85,630	SH		DFND		85,630	0	0
NISOURCE INC	COM	65473P105	23,480	1,023,560	SH		DFND		1,023,560	0	0
NORTHERN TR CORP	COM	665859104	18,421	197,781	SH		DFND		197,781	0	0
NORTHWEST PIPE CO	COM	667746101	221	7,798	SH		DFND		7,798	0	0
NORTONLIFELOCK INC	COM	668771108	10,029	482,650	SH		DFND		482,650	0	0
NRG ENERGY INC	COM NEW	629377508	8,778	233,764	SH		DFND		233,764	0	0
NUCOR CORP	COM	670346105	15,384	289,224	SH		DFND		289,224	0	0
OFG BANCORP	COM	67103X102	389	20,992	SH		DFND		20,992	0	0
OGE ENERGY CORP	COM	670837103	5,088	159,689	SH		DFND		159,689	0	0
OLD NATL BANCORP IND	COM	680033107	8,369	505,347	SH		DFND		505,347	0	0
OLD REP INTL CORP	COM	680223104	3,647	185,054	SH		DFND		185,054	0	0
OLD SECOND BANCORP INC ILL	COM	680277100	5,484	542,948	SH		DFND		542,948	0	0
OLYMPIC STEEL INC	COM	68162K106	2,346	176,024	SH		DFND		176,024	0	0
OMNICOM GROUP INC	COM	681919106	60,641	972,279	SH		DFND		972,279	0	0
ONEMAIN HLDGS INC	COM	68268W103	6,155	127,800	SH		DFND		127,800	0	0
ORACLE CORP	COM	68389X105	193,118	2,985,288	SH		DFND		2,985,288	0	0
OREILLY AUTOMOTIVE INC	COM	67103H107	31,239	69,025	SH		DFND		69,025	0	0
OSHKOSH CORP	COM	688239201	4,947	57,477	SH		DFND		57,477	0	0
OVERSEAS SHIPHOLDING GROUP I	CL A NEW	69036R863	146	68,386	SH		DFND		68,386	0	0
OWENS CORNING NEW	COM	690742101	7,800	102,955	SH		DFND		102,955	0	0
PACCAR INC	COM	693718108	28,414	329,322	SH		DFND		329,322	0	0
PACIFIC PREMIER BANCORP	COM	69478X105	1,727	55,122	SH		DFND		55,122	0	0
PACKAGING CORP AMER	COM	695156109	12,335	89,446	SH		DFND		89,446	0	0
PACWEST BANCORP DEL	COM	695263103	1,783	70,201	SH		DFND		70,201	0	0
PARKE BANCORP INC	COM	700885106	2,096	134,340	SH		DFND		134,340	0	0
PARKER-HANNIFIN CORP	COM	701094104	29,270	107,449	SH		DFND		107,449	0	0
PATTERSON-UTI ENERGY INC	COM	703481101	1,238	235,312	SH		DFND		235,312	0	0
PDL CMNTY BANCORP	COM	69290X101	1,401	133,296	SH		DFND		133,296	0	0
PENNYMAC FINL SVCS INC NEW	COM	70932M107	15,571	237,298	SH		DFND		237,298	0	0
PENSKE AUTOMOTIVE GRP INC	COM	70959W103	19,386	326,413	SH		DFND		326,413	0	0
PENTAIR PLC	SHS	G7S00T104	8,426	158,717	SH		DFND		158,717	0	0
PEOPLES BANCORP INC	COM	709789101	212	7,808	SH		DFND		7,808	0	0
PEOPLES UNITED FINANCIAL INC	COM	712704105	8,445	653,129	SH		DFND		653,129	0	0
PFIZER INC	COM	717081103	191,692	5,207,603	SH		DFND		5,207,603	0	0
PHILIP MORRIS INTL INC	COM	718172109	107,493	1,298,380	SH		DFND		1,298,380	0	0
PHILLIPS 66	COM	718546104	29,124	416,420	SH		DFND		416,420	0	0
PINNACLE FINL PARTNERS INC	COM	72346Q104	9,262	143,818	SH		DFND		143,818	0	0
PINNACLE WEST CAP CORP	COM	723484101	11,244	140,642	SH		DFND		140,642	0	0
PIONEER BANCORP INC	COM	723561106	2,107	199,295	SH		DFND		199,295	0	0
PIPER SANDLER COMPANIES	COM	724078100	3,700	36,668	SH		DFND		36,668	0	0
PLANET FITNESS INC	CL A	72703H101	1,743	22,914	SH		DFND		22,914	0	0
PNC FINL SVCS GROUP INC	COM	693475105	59,867	401,792	SH		DFND		401,792	0	0
POLARIS INC	COM	731068102	3,308	34,718	SH		DFND		34,718	0	0
POPULAR INC	COM NEW	733174700	35,191	624,843	SH		DFND		624,843	0	0
POSCO	SPONSORED ADR	693483109	480	7,700	SH		DFND		7,700	0	0
POWELL INDS INC	COM	739128106	2,803	95,045	SH		DFND		95,045	0	0
PPL CORP	COM	69351T106	33,754	1,196,949	SH		DFND		1,196,949	0	0
PRICE T ROWE GROUP INC	COM	74144T108	53,251	351,745	SH		DFND		351,745	0	0
PRIMERICA INC	COM	74164M108	7,005	52,304	SH		DFND		52,304	0	0
PRIMORIS SVCS CORP	COM	74164F103	6,715	243,209	SH		DFND		243,209	0	0
PRINCIPAL FINANCIAL GROUP IN	COM	74251V102	12,995	261,940	SH		DFND		261,940	0	0
PROCTER AND GAMBLE CO	COM	742718109	11,596	83,340	SH		DFND		83,340	0	0
PROGRESSIVE CORP	COM	743315103	59,719	603,954	SH		DFND		603,954	0	0
PROSPERITY BANCSHARES INC	COM	743606105	13,557	195,461	SH		DFND		195,461	0	0
PRUDENTIAL FINL INC	COM	744320102	29,431	376,979	SH		DFND		376,979	0	0
PUBLIC SVC ENTERPRISE GRP IN	COM	744573106	37,135	636,971	SH		DFND		636,971	0	0
PULTE GROUP INC	COM	745867101	61,272	1,420,958	SH		DFND		1,420,958	0	0
PURPLE INNOVATION INC	COM	74640Y106	7,038	213,659	SH		DFND		213,659	0	0
PZENA INVT MGMT INC	CLASS A	74731Q103	1,832	250,952	SH		DFND		250,952	0	0
QCR HOLDINGS INC	COM	74727A104	242	6,125	SH		DFND		6,125	0	0
QORVO INC	COM	74736K101	15,303	92,038	SH		DFND		92,038	0	0
QUANTA SVCS INC	COM	74762E102	13,166	182,806	SH		DFND		182,806	0	0
QUEST DIAGNOSTICS INC	COM	74834L100	13,461	112,958	SH		DFND		112,958	0	0
QURATE RETAIL INC	COM SER A	74915M100	830	75,645	SH		DFND		75,645	0	0
RANGE RES CORP	COM	75281A109	7,397	1,104,036	SH		DFND		1,104,036	0	0
RAYMOND JAMES FINL INC	COM	754730109	12,432	129,942	SH		DFND		129,942	0	0
RAYONIER ADVANCED MATLS INC	COM	75508B104	327	50,160	SH		DFND		50,160	0	0
RE MAX HLDGS INC	CL A	75524W108	322	8,852	SH		DFND		8,852	0	0
REALOGY HLDGS CORP	COM	75605Y106	2,481	189,100	SH		DFND		189,100	0	0
RED VIOLET INC	COM	75704L104	2,987	114,389	SH		DFND		114,389	0	0
REGENERON PHARMACEUTICALS	COM	75886F107	59,889	123,966	SH		DFND		123,966	0	0
REGIONS FINANCIAL CORP NEW	COM	7591EP100	14,951	927,453	SH		DFND		927,453	0	0
REGIS CORP MINN	COM	758932107	7,971	867,405	SH		DFND		867,405	0	0
RELIANCE STEEL & ALUMINUM CO	COM	759509102	7,304	60,990	SH		DFND		60,990	0	0
RENASANT CORP	COM	75970E107	4,003	118,865	SH		DFND		118,865	0	0
RENEWABLE ENERGY GROUP INC	COM NEW	75972A301	8,195	115,719	SH		DFND		115,719	0	0
RENT A CTR INC NEW	COM	76009N100	7,732	201,944	SH		DFND		201,944	0	0
REPUBLIC BANCORP INC KY	CL A	760281204	6,165	170,923	SH		DFND		170,923	0	0
REPUBLIC FIRST BANCORP INC	COM	760416107	3,002	1,053,190	SH		DFND		1,053,190	0	0
REX AMERICAN RES CORP	COM	761624105	294	3,998	SH		DFND		3,998	0	0
RHYTHM PHARMACEUTICALS INC	COM	76243J105	1,295	43,567	SH		DFND		43,567	0	0
RIVERVIEW BANCORP INC	COM	769397100	2,405	457,289	SH		DFND		457,289	0	0
ROBERT HALF INTL INC	COM	770323103	6,716	107,490	SH		DFND		107,490	0	0
ROGERS CORP	COM	775133101	2,229	14,354	SH		DFND		14,354	0	0
RYMAN HOSPITALITY PPTYS INC	COM	78377T107	44,870	662,195	SH		DFND		662,195	0	0
SABRE CORP	COM	78573M104	2,030	168,904	SH		DFND		168,904	0	0
SANMINA CORPORATION	COM	801056102	6,020	188,769	SH		DFND		188,769	0	0
SANTANDER CONSUMER USA HDG I	COM	80283M101	3,578	162,509	SH		DFND		162,509	0	0
SCHNITZER STEEL INDS INC	CL A	806882106	679	21,294	SH		DFND		21,294	0	0
SCHWAB CHARLES CORP	COM	808513105	18,808	354,598	SH		DFND		354,598	0	0
SCHWEITZER-MAUDUIT INTL INC	COM	808541106	6,355	158,044	SH		DFND		158,044	0	0
SEALED AIR CORP NEW	COM	81211K100	6,702	146,353	SH		DFND		146,353	0	0
SEI INVTS CO	COM	784117103	7,834	136,320	SH		DFND		136,320	0	0
SELECT ENERGY SVCS INC	CL A COM	81617J301	44	10,680	SH		DFND		10,680	0	0
SENECA FOODS CORP NEW	CL A	817070501	233	5,850	SH		DFND		5,850	0	0
SENSATA TECHNOLOGIES HLDG PL	SHS	G8060N102	6,948	131,748	SH		DFND		131,748	0	0
SERVICE CORP INTL	COM	817565104	10,716	218,254	SH		DFND		218,254	0	0
SIGNATURE BK NEW YORK N Y	COM	82669G104	10,926	80,763	SH		DFND		80,763	0	0
SIGNET JEWELERS LIMITED	SHS	G81276100	15,050	551,897	SH		DFND		551,897	0	0
SIMMONS 1ST NATL CORP	CL A $1 PAR	828730200	4,374	202,581	SH		DFND		202,581	0	0
SINCLAIR BROADCAST GROUP INC	CL A	829226109	1,970	61,866	SH		DFND		61,866	0	0
SKECHERS U S A INC	CL A	830566105	4,066	113,130	SH		DFND		113,130	0	0
SKYWEST INC	COM	830879102	2,533	62,828	SH		DFND		62,828	0	0
SLM CORP	COM	78442P106	47,834	3,860,661	SH		DFND		3,860,661	0	0
SMUCKER J M CO	COM NEW	832696405	10,948	94,703	SH		DFND		94,703	0	0
SNAP ON INC	COM	833034101	8,821	51,543	SH		DFND		51,543	0	0
SONIC AUTOMOTIVE INC	CL A	83545G102	1,452	37,651	SH		DFND		37,651	0	0
SONOCO PRODS CO	COM	835495102	4,849	81,835	SH		DFND		81,835	0	0
SOUTH ST CORP	COM	840441109	3,234	44,734	SH		DFND		44,734	0	0
SOUTHERN CO	COM	842587107	8,471	137,889	SH		DFND		137,889	0	0
SOUTHWESTERN ENERGY CO	COM	845467109	5,239	1,757,907	SH		DFND		1,757,907	0	0
SPARTANNASH CO	COM	847215100	3,060	175,770	SH		DFND		175,770	0	0
SPIRIT AIRLS INC	COM	848577102	2,997	122,570	SH		DFND		122,570	0	0
SPORTSMANS WHSE HLDGS INC	COM	84920Y106	5,838	332,626	SH		DFND		332,626	0	0
SPROUTS FMRS MKT INC	COM	85208M102	5,651	281,124	SH		DFND		281,124	0	0
STATE STR CORP	COM	857477103	37,048	509,042	SH		DFND		509,042	0	0
STEEL DYNAMICS INC	COM	858119100	8,051	218,359	SH		DFND		218,359	0	0
STERLING BANCORP DEL	COM	85917A100	3,455	192,160	SH		DFND		192,160	0	0
STERLING CONSTR INC	COM	859241101	353	18,950	SH		DFND		18,950	0	0
STEWART INFORMATION SVCS COR	COM	860372101	530	10,962	SH		DFND		10,962	0	0
STIFEL FINL CORP	COM	860630102	15,151	300,263	SH		DFND		300,263	0	0
STITCH FIX INC	COM CL A	860897107	2,122	36,142	SH		DFND		36,142	0	0
STONEX GROUP INC	COM	861896108	3,432	59,273	SH		DFND		59,273	0	0
SUNCOKE ENERGY INC	COM	86722A103	44	10,180	SH		DFND		10,180	0	0
SUNSTONE HOTEL INVS INC NEW	COM	867892101	2,009	177,311	SH		DFND		177,311	0	0
SUPER MICRO COMPUTER INC	COM	86800U104	2,056	64,932	SH		DFND		64,932	0	0
SUPERNUS PHARMACEUTICALS INC	COM	868459108	6,681	265,551	SH		DFND		265,551	0	0
SVB FINANCIAL GROUP	COM	78486Q101	19,241	49,611	SH		DFND		49,611	0	0
SYNCHRONY FINANCIAL	COM	87165B103	29,359	845,835	SH		DFND		845,835	0	0
SYNOVUS FINL CORP	COM NEW	87161C501	4,025	124,336	SH		DFND		124,336	0	0
SYSCO CORP	COM	871829107	6,059	81,591	SH		DFND		81,591	0	0
TACTILE SYS TECHNOLOGY INC	COM	87357P100	7,866	175,032	SH		DFND		175,032	0	0
TARGET CORP	COM	87612E106	83,833	474,893	SH		DFND		474,893	0	0
TAYLOR MORRISON HOME CORP	COM	87724P106	9,108	355,099	SH		DFND		355,099	0	0
TCF FINL CORP	COM	872307103	2,197	59,349	SH		DFND		59,349	0	0
TECHNIPFMC PLC	COM	G87110105	1,101	117,159	SH		DFND		117,159	0	0
TEJON RANCH CO	COM	879080109	300	20,768	SH		DFND		20,768	0	0
TELEPHONE & DATA SYS INC	COM NEW	879433829	8,450	455,035	SH		DFND		455,035	0	0
TEREX CORP NEW	COM	880779103	3,967	113,694	SH		DFND		113,694	0	0
TERRITORIAL BANCORP INC	COM	88145X108	2,876	119,695	SH		DFND		119,695	0	0
TEXAS CAP BANCSHARES INC	COM	88224Q107	1,224	20,572	SH		DFND		20,572	0	0
TEXTRON INC	COM	883203101	37,579	777,555	SH		DFND		777,555	0	0
THE ODP CORP	COM	88337F105	7,782	265,594	SH		DFND		265,594	0	0
THOR INDS INC	COM	885160101	23,757	255,474	SH		DFND		255,474	0	0
TITAN MACHY INC	COM	88830R101	10,160	519,683	SH		DFND		519,683	0	0
TOLL BROTHERS INC	COM	889478103	22,080	507,927	SH		DFND		507,927	0	0
TOPBUILD CORP	COM	89055F103	4,435	24,094	SH		DFND		24,094	0	0
TOTAL SE	SPONSORED ADS	89151E109	2,636	62,900	SH		DFND		62,900	0	0
TRACTOR SUPPLY CO	COM	892356106	13,361	95,044	SH		DFND		95,044	0	0
TRAVELCENTERS OF AMERICA INC	COM NEW	89421B109	371	11,390	SH		DFND		11,390	0	0
TRAVELERS COMPANIES INC	COM	89417E109	60,633	431,952	SH		DFND		431,952	0	0
TRECORA RES	COM	894648104	137	19,600	SH		DFND		19,600	0	0
TREEHOUSE FOODS INC	COM	89469A104	25,877	609,018	SH		DFND		609,018	0	0
TRI POINTE GROUP INC	COM	87265H109	11,336	657,172	SH		DFND		657,172	0	0
TRICO BANCSHARES	COM	896095106	267	7,581	SH		DFND		7,581	0	0
TRINITY INDS INC	COM	896522109	7,378	279,566	SH		DFND		279,566	0	0
TRIPLE-S MGMT CORP	CL B	896749108	397	18,617	SH		DFND		18,617	0	0
TRISTATE CAP HLDGS INC	COM	89678F100	3,027	173,993	SH		DFND		173,993	0	0
TRITON INTL LTD	CL A	G9078F107	16,784	345,994	SH		DFND		345,994	0	0
TRONOX HOLDINGS PLC	SHS	G9087Q102	5,003	342,198	SH		DFND		342,198	0	0
TRUSTCO BK CORP N Y	COM	898349105	207	30,988	SH		DFND		30,988	0	0
TRUSTMARK CORP	COM	898402102	4,404	161,265	SH		DFND		161,265	0	0
TTM TECHNOLOGIES INC	COM	87305R109	3,510	254,415	SH		DFND		254,415	0	0
TUTOR PERINI CORP	COM	901109108	521	40,252	SH		DFND		40,252	0	0
TWO HBRS INVT CORP	COM NEW	90187B408	43,771	6,871,391	SH		DFND		6,871,391	0	0
TYSON FOODS INC	CL A	902494103	69,250	1,074,642	SH		DFND		1,074,642	0	0
UGI CORP NEW	COM	902681105	24,867	711,301	SH		DFND		711,301	0	0
ULTA BEAUTY INC	COM	90384S303	31,531	109,803	SH		DFND		109,803	0	0
ULTRALIFE CORP	COM	903899102	81	12,585	SH		DFND		12,585	0	0
UMB FINL CORP	COM	902788108	10,143	147,022	SH		DFND		147,022	0	0
UMPQUA HLDGS CORP	COM	904214103	8,708	575,151	SH		DFND		575,151	0	0
UNITED BANKSHARES INC WEST V	COM	909907107	5,866	181,046	SH		DFND		181,046	0	0
UNITED NAT FOODS INC	COM	911163103	4,415	276,467	SH		DFND		276,467	0	0
UNITED PARCEL SERVICE INC	CL B	911312106	98,368	584,134	SH		DFND		584,134	0	0
UNITED RENTALS INC	COM	911363109	27,351	117,937	SH		DFND		117,937	0	0
UNITEDHEALTH GROUP INC	COM	91324P102	257,446	734,133	SH		DFND		734,133	0	0
UNIVERSAL CORP VA	COM	913456109	5,999	123,421	SH		DFND		123,421	0	0
UNIVERSAL HLTH SVCS INC	CL B	913903100	8,812	64,085	SH		DFND		64,085	0	0
UNIVERSAL STAINLESS & ALLOY	COM	913837100	1,418	189,602	SH		DFND		189,602	0	0
UNUM GROUP	COM	91529Y106	1,870	81,516	SH		DFND		81,516	0	0
US BANCORP DEL	COM NEW	902973304	75,370	1,617,721	SH		DFND		1,617,721	0	0
VALERO ENERGY CORP	COM	91913Y100	21,988	388,681	SH		DFND		388,681	0	0
VALLEY NATL BANCORP	COM	919794107	7,328	751,641	SH		DFND		751,641	0	0
VERITEX HLDGS INC	COM	923451108	922	35,947	SH		DFND		35,947	0	0
VERITIV CORP	COM	923454102	220	10,594	SH		DFND		10,594	0	0
VERIZON COMMUNICATIONS INC	COM	92343V104	263,541	4,485,810	SH		DFND		4,485,810	0	0
VIATRIS INC	COM	92556V106	35,871	1,914,120	SH		DFND		1,914,120	0	0
VICTORY CAP HLDGS INC	COM CL A	92645B103	1,248	50,313	SH		DFND		50,313	0	0
VIRTUS INVT PARTNERS INC	COM	92828Q109	5,082	23,418	SH		DFND		23,418	0	0
VISHAY INTERTECHNOLOGY INC	NOTE 2.250% 6/1	928298AP3	12,686	12,150,000	PRN		DFND		12,150,000	0	0
VISTRA CORP	COM	92840M102	7,993	406,573	SH		DFND		406,573	0	0
VOXX INTL CORP	CL A	91829F104	187	14,691	SH		DFND		14,691	0	0
VOYA FINANCIAL INC	COM	929089100	7,988	135,824	SH		DFND		135,824	0	0
VSE CORP	COM	918284100	338	8,773	SH		DFND		8,773	0	0
WABTEC	COM	929740108	13,148	179,619	SH		DFND		179,619	0	0
WALKER & DUNLOP INC	COM	93148P102	8,758	95,172	SH		DFND		95,172	0	0
WALMART INC	COM	931142103	7,318	50,769	SH		DFND		50,769	0	0
WARRIOR MET COAL INC	COM	93627C101	3,988	187,049	SH		DFND		187,049	0	0
WATERSTONE FINL INC MD	COM	94188P101	236	12,552	SH		DFND		12,552	0	0
WEIS MKTS INC	COM	948849104	3,068	64,161	SH		DFND		64,161	0	0
WELLS FARGO CO NEW	COM	949746101	74,728	2,476,075	SH		DFND		2,476,075	0	0
WESBANCO INC	COM	950810101	820	27,365	SH		DFND		27,365	0	0
WESTERN ALLIANCE BANCORP	COM	957638109	12,353	206,063	SH		DFND		206,063	0	0
WESTERN DIGITAL CORP.	NOTE 1.500% 2/0	958102AP0	15,849	15,775,000	PRN		DFND		15,775,000	0	0
WESTERN NEW ENG BANCORP INC	COM	958892101	2,416	350,596	SH		DFND		350,596	0	0
WESTERN UN CO	COM	959802109	7,316	333,442	SH		DFND		333,442	0	0
WHIRLPOOL CORP	COM	963320106	13,349	73,959	SH		DFND		73,959	0	0
WHITE MTNS INS GROUP LTD	COM	G9618E107	11,650	11,642	SH		DFND		11,642	0	0
WHOLE EARTH BRANDS INC	COM CL A	96684W100	5,495	504,143	SH		DFND		504,143	0	0
WILLIAMS COS INC	COM	969457100	23,028	1,148,544	SH		DFND		1,148,544	0	0
WILLIAMS SONOMA INC	COM	969904101	6,558	64,396	SH		DFND		64,396	0	0
WINNEBAGO INDS INC	COM	974637100	5,903	98,488	SH		DFND		98,488	0	0
WINTRUST FINL CORP	COM	97650W108	1,442	23,598	SH		DFND		23,598	0	0
WORLD FUEL SVCS CORP	COM	981475106	2,482	79,640	SH		DFND		79,640	0	0
WSFS FINL CORP	COM	929328102	923	20,572	SH		DFND		20,572	0	0
ZIMMER BIOMET HOLDINGS INC	COM	98956P102	23,724	153,964	SH		DFND		153,964	0	0
ZIONS BANCORPORATION N A	COM	989701107	10,537	242,561	SH		DFND		242,561	0	0
ZOGENIX INC	COM NEW	98978L204	824	41,206	SH		DFND		41,206	0	0