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	126,064	654,266	SH		DFND		654,266	0	0
ABBVIE INC	COM	00287Y109	20,315	187,722	SH		DFND		187,722	0	0
ACACIA RESH CORP	ACACIA TCH COM	003881307	260	39,046	SH		DFND		39,046	0	0
ACADIA HEALTHCARE COMPANY IN	COM	00404A109	1,424	24,925	SH		DFND		24,925	0	0
ACCO BRANDS CORP	COM	00081T108	554	65,586	SH		DFND		65,586	0	0
ACUITY BRANDS INC	COM	00508Y102	1,806	10,943	SH		DFND		10,943	0	0
ADVANCE AUTO PARTS INC	COM	00751Y106	19,127	104,242	SH		DFND		104,242	0	0
ADVANSIX INC	COM	00773T101	597	22,260	SH		DFND		22,260	0	0
AECOM	COM	00766T100	2,799	43,658	SH		DFND		43,658	0	0
AERCAP HOLDINGS NV	SHS	N00985106	36,899	628,171	SH		DFND		628,171	0	0
AES CORP	COM	00130H105	20,337	758,548	SH		DFND		758,548	0	0
AFFILIATED MANAGERS GROUP IN	COM	008252108	18,399	123,461	SH		DFND		123,461	0	0
AFLAC INC	COM	001055102	39,166	765,255	SH		DFND		765,255	0	0
AGCO CORP	COM	001084102	16,050	111,727	SH		DFND		111,727	0	0
AGILE THERAPEUTICS INC	COM	00847L100	426	204,992	SH		DFND		204,992	0	0
AIR LEASE CORP	CL A	00912X302	14,548	296,903	SH		DFND		296,903	0	0
ALAMOS GOLD INC NEW	COM CL A	011532108	1,874	239,900	SH		DFND		239,900	0	0
ALASKA AIR GROUP INC	COM	011659109	2,545	36,779	SH		DFND		36,779	0	0
ALCOA CORP	COM	013872106	34,582	1,064,397	SH		DFND		1,064,397	0	0
ALEXION PHARMACEUTICALS INC	COM	015351109	46,596	304,729	SH		DFND		304,729	0	0
ALLEGHANY CORP DEL	COM	017175100	4,081	6,516	SH		DFND		6,516	0	0
ALLEGIANCE BANCSHARES INC	COM	01748H107	241	5,937	SH		DFND		5,937	0	0
ALLEGIANT TRAVEL CO	COM	01748X102	3,847	15,763	SH		DFND		15,763	0	0
ALLEGION PLC	ORD SHS	G0176J109	6,017	47,895	SH		DFND		47,895	0	0
ALLIANCE DATA SYSTEMS CORP	COM	018581108	13,093	116,806	SH		DFND		116,806	0	0
ALLISON TRANSMISSION HLDGS I	COM	01973R101	15,901	389,442	SH		DFND		389,442	0	0
ALLSTATE CORP	COM	020002101	47,712	415,252	SH		DFND		415,252	0	0
ALLY FINL INC	COM	02005N100	23,662	523,369	SH		DFND		523,369	0	0
ALPHA METALLURGICAL RESOUR I	COM	020764106	183	14,510	SH		DFND		14,510	0	0
ALTRIA GROUP INC	COM	02209S103	43,483	849,940	SH		DFND		849,940	0	0
AMC NETWORKS INC	CL A	00164V103	5,732	107,831	SH		DFND		107,831	0	0
AMCOR PLC	ORD	G0250X107	20,946	1,793,344	SH		DFND		1,793,344	0	0
AMERCO	COM	023586100	14,080	22,984	SH		DFND		22,984	0	0
AMERICAN ELEC PWR CO INC	COM	025537101	2,299	27,139	SH		DFND		27,139	0	0
AMERICAN EQTY INVT LIFE HLD	COM	025676206	7,344	232,906	SH		DFND		232,906	0	0
AMERICAN FINL GROUP INC OHIO	COM	025932104	8,735	76,559	SH		DFND		76,559	0	0
AMERICAN WOODMARK CORPORATIO	COM	030506109	8,629	87,534	SH		DFND		87,534	0	0
AMERICAS CAR-MART INC	COM	03062T105	677	4,441	SH		DFND		4,441	0	0
AMERIPRISE FINL INC	COM	03076C106	39,514	169,988	SH		DFND		169,988	0	0
AMERIS BANCORP	COM	03076K108	3,783	72,048	SH		DFND		72,048	0	0
AMERISOURCEBERGEN CORP	COM	03073E105	27,607	233,816	SH		DFND		233,816	0	0
AMGEN INC	COM	031162100	123,258	495,392	SH		DFND		495,392	0	0
AMNEAL PHARMACEUTICALS INC	COM STK CL A	03168L105	1,183	175,813	SH		DFND		175,813	0	0
AMTECH SYS INC	COM PAR $0.01N	032332504	6,802	575,497	SH		DFND		575,497	0	0
ANDERSONS INC	COM	034164103	4,340	158,495	SH		DFND		158,495	0	0
ANI PHARMACEUTICALS INC	COM	00182C103	529	14,640	SH		DFND		14,640	0	0
ANNALY CAPITAL MANAGEMENT IN	COM	035710409	46,268	5,380,040	SH		DFND		5,380,040	0	0
ANTARES PHARMA INC	COM	036642106	1,239	301,482	SH		DFND		301,482	0	0
ANTERO MIDSTREAM CORP	COM	03676B102	20,657	2,287,543	SH		DFND		2,287,543	0	0
ANTHEM INC	COM	036752103	125,102	348,523	SH		DFND		348,523	0	0
APOGEE ENTERPRISES INC	COM	037598109	4,789	117,147	SH		DFND		117,147	0	0
APPLE INC	COM	037833100	6,450	52,801	SH		DFND		52,801	0	0
APPLIED MATLS INC	COM	038222105	107,822	807,053	SH		DFND		807,053	0	0
AQUESTIVE THERAPEUTICS INC	COM	03843E104	708	136,116	SH		DFND		136,116	0	0
ARCBEST CORP	COM	03937C105	6,215	88,314	SH		DFND		88,314	0	0
ARCH CAP GROUP LTD	ORD	G0450A105	13,260	345,581	SH		DFND		345,581	0	0
ARCHER DANIELS MIDLAND CO	COM	039483102	36,337	637,486	SH		DFND		637,486	0	0
ARGO GROUP INTL HLDGS LTD	COM	G0464B107	3,252	64,635	SH		DFND		64,635	0	0
ARISTA NETWORKS INC	COM	040413106	47,524	157,423	SH		DFND		157,423	0	0
ARMSTRONG FLOORING INC	COM	04238R106	84	17,146	SH		DFND		17,146	0	0
ARROW ELECTRS INC	COM	042735100	16,587	149,677	SH		DFND		149,677	0	0
ASBURY AUTOMOTIVE GROUP INC	COM	043436104	12,293	62,559	SH		DFND		62,559	0	0
ASSOCIATED BANC CORP	COM	045487105	6,466	302,988	SH		DFND		302,988	0	0
ASSURANT INC	COM	04621X108	7,429	52,403	SH		DFND		52,403	0	0
ASSURED GUARANTY LTD	COM	G0585R106	5,596	132,353	SH		DFND		132,353	0	0
ASTRAZENECA PLC	SPONSORED ADR	046353108	21,157	425,523	SH		DFND		425,523	0	0
AT&T INC	COM	00206R102	38,172	1,261,056	SH		DFND		1,261,056	0	0
ATLANTIC CAP BANCSHARES INC	COM	048269203	8,050	334,027	SH		DFND		334,027	0	0
ATLANTIC UN BANKSHARES CORP	COM	04911A107	3,157	82,291	SH		DFND		82,291	0	0
ATLAS AIR WORLDWIDE HLDGS IN	COM NEW	049164205	6,612	109,391	SH		DFND		109,391	0	0
AUTONATION INC	COM	05329W102	13,459	144,377	SH		DFND		144,377	0	0
AUTOZONE INC	COM	053332102	28,938	20,607	SH		DFND		20,607	0	0
AVERY DENNISON CORP	COM	053611109	11,160	60,768	SH		DFND		60,768	0	0
AVNET INC	COM	053807103	15,795	380,519	SH		DFND		380,519	0	0
AXIS CAP HLDGS LTD	SHS	G0692U109	10,180	205,374	SH		DFND		205,374	0	0
AXOS FINANCIAL INC	COM	05465C100	8,187	174,144	SH		DFND		174,144	0	0
AYTU BIOPHARMA INC	COM NEW	054754874	100	13,131	SH		DFND		13,131	0	0
B & G FOODS INC NEW	COM	05508R106	3,137	100,999	SH		DFND		100,999	0	0
B. RILEY FINANCIAL INC	COM	05580M108	1,687	29,921	SH		DFND		29,921	0	0
BANC OF CALIFORNIA INC	COM	05990K106	2,016	111,480	SH		DFND		111,480	0	0
BANCO DE CHILE	SPONSORED ADS	059520106	711	30,100	SH		DFND		30,100	0	0
BANCO SANTANDER S.A.	ADR	05964H105	31,774	9,263,544	SH		DFND		9,263,544	0	0
BANCORP INC DEL	COM	05969A105	579	27,962	SH		DFND		27,962	0	0
BANCORPSOUTH BK TUPELO MISS	COM	05971J102	6,121	188,457	SH		DFND		188,457	0	0
BANK NEW YORK MELLON CORP	COM	064058100	37,315	789,074	SH		DFND		789,074	0	0
BANK OZK	COM	06417N103	14,066	344,322	SH		DFND		344,322	0	0
BANKUNITED INC	COM	06652K103	6,404	145,718	SH		DFND		145,718	0	0
BANNER CORP	COM NEW	06652V208	3,927	73,640	SH		DFND		73,640	0	0
BAUDAX BIO INC	COM	07160F107	282	218,593	SH		DFND		218,593	0	0
BEAZER HOMES USA INC	COM NEW	07556Q881	515	24,627	SH		DFND		24,627	0	0
BENCHMARK ELECTRS INC	COM	08160H101	2,678	86,602	SH		DFND		86,602	0	0
BERKLEY W R CORP	COM	084423102	11,821	156,877	SH		DFND		156,877	0	0
BERKSHIRE HATHAWAY INC DEL	CL B NEW	084670702	58,113	227,473	SH		DFND		227,473	0	0
BERRY CORP	COM	08579X101	89	16,140	SH		DFND		16,140	0	0
BERRY GLOBAL GROUP INC	COM	08579W103	6,132	99,866	SH		DFND		99,866	0	0
BEST BUY INC	COM	086516101	33,947	295,680	SH		DFND		295,680	0	0
BIG LOTS INC	COM	089302103	12,880	188,578	SH		DFND		188,578	0	0
BIO RAD LABS INC	CL A	090572207	15,702	27,491	SH		DFND		27,491	0	0
BIODELIVERY SCIENCES INTL IN	COM	09060J106	705	180,270	SH		DFND		180,270	0	0
BIOGEN INC	COM	09062X103	11,353	40,581	SH		DFND		40,581	0	0
BK OF AMERICA CORP	COM	060505104	409,493	10,583,947	SH		DFND		10,583,947	0	0
BLACKROCK INC	COM	09247X101	102,045	135,346	SH		DFND		135,346	0	0
BOISE CASCADE CO DEL	COM	09739D100	8,442	141,098	SH		DFND		141,098	0	0
BOK FINL CORP	COM NEW	05561Q201	649	7,270	SH		DFND		7,270	0	0
BONANZA CREEK ENERGY INC	COM NEW	097793400	590	16,524	SH		DFND		16,524	0	0
BOSTON PROPERTIES INC	COM	101121101	2,774	27,393	SH		DFND		27,393	0	0
BP PLC	SPONSORED ADR	055622104	43,680	1,793,837	SH		DFND		1,793,837	0	0
BRIDGEWATER BANCSHARES INC	COM ACCD INV	108621103	216	13,362	SH		DFND		13,362	0	0
BRIGHTHOUSE FINL INC	COM	10922N103	9,210	208,127	SH		DFND		208,127	0	0
BRIGHTSPHERE INVT GROUP INC	COM	10948W103	4,762	233,659	SH		DFND		233,659	0	0
BRISTOL-MYERS SQUIBB CO	COM	110122108	36,235	573,977	SH		DFND		573,977	0	0
BROADCOM INC	COM	11135F101	144,724	312,133	SH		DFND		312,133	0	0
BRUNSWICK CORP	COM	117043109	12,281	128,773	SH		DFND		128,773	0	0
BRYN MAWR BK CORP	COM	117665109	320	7,030	SH		DFND		7,030	0	0
BUCKLE INC	COM	118440106	5,654	143,953	SH		DFND		143,953	0	0
BUNGE LIMITED	COM	G16962105	15,933	200,999	SH		DFND		200,999	0	0
BWX TECHNOLOGIES INC	COM	05605H100	3,271	49,604	SH		DFND		49,604	0	0
BYLINE BANCORP INC	COM	124411109	307	14,533	SH		DFND		14,533	0	0
CABOT OIL & GAS CORP	COM	127097103	5,084	270,728	SH		DFND		270,728	0	0
CACTUS INC	CL A	127203107	1,057	34,531	SH		DFND		34,531	0	0
CADENCE BANCORPORATION	CL A	12739A100	2,697	130,123	SH		DFND		130,123	0	0
CAI INTERNATIONAL INC	COM	12477X106	635	13,948	SH		DFND		13,948	0	0
CALLON PETE CO DEL	COM	13123X508	309	8,010	SH		DFND		8,010	0	0
CAMDEN NATL CORP	COM	133034108	300	6,262	SH		DFND		6,262	0	0
CAMPING WORLD HLDGS INC	CL A	13462K109	3,527	96,943	SH		DFND		96,943	0	0
CANADIAN NAT RES LTD	COM	136385101	54,233	1,754,427	SH		DFND		1,754,427	0	0
CAPITAL ONE FINL CORP	COM	14040H105	58,023	456,049	SH		DFND		456,049	0	0
CARLISLE COS INC	COM	142339100	12,122	73,657	SH		DFND		73,657	0	0
CARMAX INC	COM	143130102	11,330	85,407	SH		DFND		85,407	0	0
CARPENTER TECHNOLOGY CORP	COM	144285103	4,840	117,623	SH		DFND		117,623	0	0
CARRIER GLOBAL CORPORATION	COM	14448C104	3,736	88,490	SH		DFND		88,490	0	0
CASEYS GEN STORES INC	COM	147528103	8,879	41,070	SH		DFND		41,070	0	0
CATALYST PHARMACEUTICALS INC	COM	14888U101	1,631	353,887	SH		DFND		353,887	0	0
CATERPILLAR INC	COM	149123101	14,183	61,169	SH		DFND		61,169	0	0
CATHAY GEN BANCORP	COM	149150104	6,939	170,163	SH		DFND		170,163	0	0
CBRE GROUP INC	CL A	12504L109	30,213	381,906	SH		DFND		381,906	0	0
CDK GLOBAL INC	COM	12508E101	4,929	91,180	SH		DFND		91,180	0	0
CDW CORP	COM	12514G108	26,893	162,250	SH		DFND		162,250	0	0
CELANESE CORP DEL	COM	150870103	32,372	216,085	SH		DFND		216,085	0	0
CENTRAL PAC FINL CORP	COM NEW	154760409	7,745	290,294	SH		DFND		290,294	0	0
CENTURY CMNTYS INC	COM	156504300	8,263	136,983	SH		DFND		136,983	0	0
CF INDS HLDGS INC	COM	125269100	6,624	145,963	SH		DFND		145,963	0	0
CHART INDS INC	COM	16115Q308	19,615	137,792	SH		DFND		137,792	0	0
CHEFS WHSE INC	COM	163086101	7,955	261,178	SH		DFND		261,178	0	0
CHEMOURS CO	COM	163851108	18,769	672,495	SH		DFND		672,495	0	0
CHENIERE ENERGY INC	COM NEW	16411R208	20,704	287,517	SH		DFND		287,517	0	0
CHEVRON CORP NEW	COM	166764100	39,489	376,841	SH		DFND		376,841	0	0
CHIASMA INC	COM	16706W102	448	142,988	SH		DFND		142,988	0	0
CHUBB LIMITED	COM	H1467J104	62,772	397,365	SH		DFND		397,365	0	0
CIGNA CORP NEW	COM	125523100	84,469	349,421	SH		DFND		349,421	0	0
CIMPRESS PLC	SHS EURO	G2143T103	2,716	27,123	SH		DFND		27,123	0	0
CINCINNATI FINL CORP	COM	172062101	7,673	74,429	SH		DFND		74,429	0	0
CISCO SYS INC	COM	17275R102	165,215	3,195,021	SH		DFND		3,195,021	0	0
CITIGROUP INC	COM NEW	172967424	192,581	2,647,161	SH		DFND		2,647,161	0	0
CITIZENS FINANCIAL GROUP INC	COM	174610105	85,487	1,936,279	SH		DFND		1,936,279	0	0
CITRIX SYS INC	COM	177376100	3,578	25,489	SH		DFND		25,489	0	0
CLEARWATER PAPER CORP	COM	18538R103	420	11,176	SH		DFND		11,176	0	0
CNO FINL GROUP INC	COM	12621E103	8,458	348,195	SH		DFND		348,195	0	0
CNX RES CORP	COM	12653C108	15,841	1,077,617	SH		DFND		1,077,617	0	0
COGNIZANT TECHNOLOGY SOLUTIO	CL A	192446102	67,710	866,739	SH		DFND		866,739	0	0
COHERENT INC	COM	192479103	3,612	14,284	SH		DFND		14,284	0	0
COHU INC	COM	192576106	5,998	143,363	SH		DFND		143,363	0	0
COLLEGIUM PHARMACEUTICAL INC	COM	19459J104	1,989	83,942	SH		DFND		83,942	0	0
COLUMBIA BKG SYS INC	COM	197236102	6,885	159,789	SH		DFND		159,789	0	0
COMCAST CORP NEW	CL A	20030N101	197,285	3,645,991	SH		DFND		3,645,991	0	0
COMERICA INC	COM	200340107	47,728	665,293	SH		DFND		665,293	0	0
COMMERCE BANCSHARES INC	COM	200525103	7,095	92,613	SH		DFND		92,613	0	0
COMMERCIAL METALS CO	COM	201723103	17,701	573,960	SH		DFND		573,960	0	0
COMPUTER TASK GROUP INC	COM	205477102	96	10,063	SH		DFND		10,063	0	0
CONAGRA BRANDS INC	COM	205887102	16,150	429,511	SH		DFND		429,511	0	0
CONNECTONE BANCORP INC	COM	20786W107	8,533	336,597	SH		DFND		336,597	0	0
CONNS INC	COM	208242107	448	23,050	SH		DFND		23,050	0	0
CONOCOPHILLIPS	COM	20825C104	13,530	255,435	SH		DFND		255,435	0	0
CONSOL ENERGY INC DISC COML	COM	20854L108	137	14,110	SH		DFND		14,110	0	0
CONTINENTAL RES INC	COM	212015101	10,752	415,635	SH		DFND		415,635	0	0
COOPER STD HLDGS INC	COM	21676P103	254	6,990	SH		DFND		6,990	0	0
COOPER TIRE & RUBR CO	COM	216831107	7,817	139,642	SH		DFND		139,642	0	0
CORE LABORATORIES N V	COM	N22717107	3,754	130,382	SH		DFND		130,382	0	0
CORNERSTONE BLDG BRANDS INC	COM	21925D109	10,217	728,236	SH		DFND		728,236	0	0
CORNING INC	COM	219350105	24,276	557,930	SH		DFND		557,930	0	0
CORTEVA INC	COM	22052L104	49,997	1,072,444	SH		DFND		1,072,444	0	0
COVENANT LOGISTICS GROUP INC	CL A	22284P105	204	9,919	SH		DFND		9,919	0	0
COWEN INC	CL A NEW	223622606	490	13,933	SH		DFND		13,933	0	0
CRANE CO	COM	224399105	562	5,987	SH		DFND		5,987	0	0
CREDIT ACCEP CORP MICH	COM	225310101	2,294	6,368	SH		DFND		6,368	0	0
CROWN HLDGS INC	COM	228368106	47,471	489,187	SH		DFND		489,187	0	0
CSG SYS INTL INC	COM	126349109	1,108	24,686	SH		DFND		24,686	0	0
CSX CORP	COM	126408103	58,763	609,447	SH		DFND		609,447	0	0
CULLEN FROST BANKERS INC	COM	229899109	4,950	45,510	SH		DFND		45,510	0	0
CUMMINS INC	COM	231021106	43,759	168,881	SH		DFND		168,881	0	0
CVS HEALTH CORP	COM	126650100	69,894	929,067	SH		DFND		929,067	0	0
D R HORTON INC	COM	23331A109	76,654	860,116	SH		DFND		860,116	0	0
DANA INC	COM	235825205	10,656	437,966	SH		DFND		437,966	0	0
DANIMER SCIENTIFIC INC	COM CL A	236272100	1,748	46,300	SH		DFND		46,300	0	0
DARLING INGREDIENTS INC	COM	237266101	8,718	118,481	SH		DFND		118,481	0	0
DAVITA INC	COM	23918K108	25,186	233,704	SH		DFND		233,704	0	0
DELUXE CORP	COM	248019101	6,342	151,137	SH		DFND		151,137	0	0
DICKS SPORTING GOODS INC	COM	253393102	5,377	70,608	SH		DFND		70,608	0	0
DIGI INTL INC	COM	253798102	352	18,511	SH		DFND		18,511	0	0
DILLARDS INC	CL A	254067101	6,251	64,730	SH		DFND		64,730	0	0
DISCOVER FINL SVCS	COM	254709108	29,985	315,665	SH		DFND		315,665	0	0
DISCOVERY INC	COM SER A	25470F104	8,716	200,559	SH		DFND		200,559	0	0
DISCOVERY INC	COM SER C	25470F302	2	52	SH		DFND		52	0	0
DISH NETWORK CORPORATION	NOTE 3.375% 8/1	25470MAB5	44,687	46,365,000	PRN		DFND		46,365,000	0	0
DISNEY WALT CO	COM	254687106	6,638	35,974	SH		DFND		35,974	0	0
DOLLAR TREE INC	COM	256746108	30,537	266,795	SH		DFND		266,795	0	0
DOMTAR CORP	COM NEW	257559203	7,264	196,360	SH		DFND		196,360	0	0
DONNELLEY FINL SOLUTIONS INC	COM	25787G100	456	16,375	SH		DFND		16,375	0	0
DONNELLEY R R & SONS CO	COM	257867200	87	21,420	SH		DFND		21,420	0	0
DOVER CORP	COM	260003108	22,224	162,066	SH		DFND		162,066	0	0
DRIL-QUIP INC	COM	262037104	4,285	128,964	SH		DFND		128,964	0	0
DUKE ENERGY CORP NEW	COM NEW	26441C204	2,622	27,160	SH		DFND		27,160	0	0
DUPONT DE NEMOURS INC	COM	26614N102	56,623	732,697	SH		DFND		732,697	0	0
EARTHSTONE ENERGY INC	CL A	27032D304	129	18,060	SH		DFND		18,060	0	0
EAST WEST BANCORP INC	COM	27579R104	17,191	232,945	SH		DFND		232,945	0	0
EASTMAN CHEM CO	COM	277432100	54,845	498,048	SH		DFND		498,048	0	0
EBAY INC.	COM	278642103	47,770	780,039	SH		DFND		780,039	0	0
EBIX INC	COM NEW	278715206	1,559	48,680	SH		DFND		48,680	0	0
EDGEWELL PERS CARE CO	COM	28035Q102	10,339	261,074	SH		DFND		261,074	0	0
EMERALD HOLDING INC	COM	29103W104	166	30,000	SH		DFND		30,000	0	0
EMERSON ELEC CO	COM	291011104	40,947	453,857	SH		DFND		453,857	0	0
ENOVA INTL INC	COM	29357K103	1,918	54,071	SH		DFND		54,071	0	0
ENSTAR GROUP LIMITED	SHS	G3075P101	13,411	54,353	SH		DFND		54,353	0	0
ENTERPRISE FINL SVCS CORP	COM	293712105	2,476	50,087	SH		DFND		50,087	0	0
EOG RES INC	COM	26875P101	48,234	665,021	SH		DFND		665,021	0	0
EQT CORP	COM	26884L109	21,247	1,143,531	SH		DFND		1,143,531	0	0
EQUITABLE HLDGS INC	COM	29452E101	13,017	399,040	SH		DFND		399,040	0	0
EQUITY COMWLTH	COM SH BEN INT	294628102	18,153	652,971	SH		DFND		652,971	0	0
ESSENT GROUP LTD	COM	G3198U102	35,242	742,094	SH		DFND		742,094	0	0
EVERCORE INC	CLASS A	29977A105	9,167	69,582	SH		DFND		69,582	0	0
EVEREST RE GROUP LTD	COM	G3223R108	8,280	33,414	SH		DFND		33,414	0	0
EVOLUS INC	COM	30052C107	1,530	117,796	SH		DFND		117,796	0	0
EXELON CORP	COM	30161N101	51,353	1,174,046	SH		DFND		1,174,046	0	0
EXPEDITORS INTL WASH INC	COM	302130109	5,507	51,137	SH		DFND		51,137	0	0
EXXON MOBIL CORP	COM	30231G102	107,884	1,932,367	SH		DFND		1,932,367	0	0
F N B CORP	COM	302520101	4,265	335,831	SH		DFND		335,831	0	0
FACEBOOK INC	CL A	30303M102	32,720	111,092	SH		DFND		111,092	0	0
FEDERATED HERMES INC	CL B	314211103	4,444	141,994	SH		DFND		141,994	0	0
FEDEX CORP	COM	31428X106	28,860	101,604	SH		DFND		101,604	0	0
FIFTH THIRD BANCORP	COM	316773100	23,752	634,245	SH		DFND		634,245	0	0
FIRST AMERN FINL CORP	COM	31847R102	4,588	80,987	SH		DFND		80,987	0	0
FIRST BANCORP N C	COM	318910106	886	20,364	SH		DFND		20,364	0	0
FIRST BANCORP P R	COM NEW	318672706	16,574	1,471,904	SH		DFND		1,471,904	0	0
FIRST BUS FINL SVCS INC WIS	COM	319390100	2,006	81,116	SH		DFND		81,116	0	0
FIRST BUSEY CORP	COM NEW	319383204	1,748	68,141	SH		DFND		68,141	0	0
FIRST COMWLTH FINL CORP PA	COM	319829107	1,442	100,379	SH		DFND		100,379	0	0
FIRST CTZNS BANCSHARES INC N	CL A	31946M103	1,918	2,295	SH		DFND		2,295	0	0
FIRST FINANCIAL NORTHWEST IN	COM	32022K102	1,741	122,146	SH		DFND		122,146	0	0
FIRST FINL BANCORP OH	COM	320209109	2,408	100,337	SH		DFND		100,337	0	0
FIRST FINL CORP IND	COM	320218100	287	6,371	SH		DFND		6,371	0	0
FIRST HAWAIIAN INC	COM	32051X108	3,704	135,334	SH		DFND		135,334	0	0
FIRST INTERNET BANCORP	COM	320557101	7,478	212,250	SH		DFND		212,250	0	0
FIRST MERCHANTS CORP	COM	320817109	2,638	56,738	SH		DFND		56,738	0	0
FIRST MIDWEST BANCORP DEL	COM	320867104	4,948	225,820	SH		DFND		225,820	0	0
FIRST NORTHWEST BANCORP	COM	335834107	3,105	186,818	SH		DFND		186,818	0	0
FIRST SOLAR INC	COM	336433107	4,287	49,105	SH		DFND		49,105	0	0
FIRSTENERGY CORP	COM	337932107	40,615	1,170,806	SH		DFND		1,170,806	0	0
FIVE STAR SENIOR LIVING INC	COM NEW	33832D205	80	13,100	SH		DFND		13,100	0	0
FLAGSTAR BANCORP INC	COM PAR .001	337930705	9,180	203,552	SH		DFND		203,552	0	0
FLEXION THERAPEUTICS INC	COM	33938J106	672	75,104	SH		DFND		75,104	0	0
FMC CORP	COM NEW	302491303	16,297	147,336	SH		DFND		147,336	0	0
FONAR CORP	COM NEW	344437405	1,906	105,352	SH		DFND		105,352	0	0
FORD MTR CO DEL	COM	345370860	54,593	4,456,600	SH		DFND		4,456,600	0	0
FORTUNE BRANDS HOME & SEC IN	COM	34964C106	15,186	158,486	SH		DFND		158,486	0	0
FOSSIL GROUP INC	COM	34988V106	429	34,610	SH		DFND		34,610	0	0
FOX CORP	CL A COM	35137L105	19,514	540,413	SH		DFND		540,413	0	0
FOX CORP	CL B COM	35137L204	1	39	SH		DFND		39	0	0
FRANKLIN STR PPTYS CORP	COM	35471R106	3,601	660,673	SH		DFND		660,673	0	0
FRANKS INTL N V	COM	N33462107	4,524	1,274,331	SH		DFND		1,274,331	0	0
FRIEDMAN INDS INC	COM	358435105	378	46,753	SH		DFND		46,753	0	0
FULTON FINL CORP PA	COM	360271100	2,887	169,501	SH		DFND		169,501	0	0
FUTUREFUEL CORP	COM	36116M106	504	34,676	SH		DFND		34,676	0	0
G III APPAREL GROUP LTD	COM	36237H101	5,240	173,853	SH		DFND		173,853	0	0
GATX CORP	COM	361448103	4,141	44,657	SH		DFND		44,657	0	0
GENCO SHIPPING & TRADING LTD	SHS	Y2685T131	334	33,100	SH		DFND		33,100	0	0
GENERAL DYNAMICS CORP	COM	369550108	58,984	324,871	SH		DFND		324,871	0	0
GENERAL MTRS CO	COM	37045V100	210,338	3,660,604	SH		DFND		3,660,604	0	0
GENPACT LIMITED	SHS	G3922B107	9,094	212,375	SH		DFND		212,375	0	0
GENUINE PARTS CO	COM	372460105	18,733	162,066	SH		DFND		162,066	0	0
GEOPARK LTD	USD SHS	G38327105	7,885	513,304	SH		DFND		513,304	0	0
GLATFELTER CORPORATION	COM	377320106	377	21,956	SH		DFND		21,956	0	0
GLAXOSMITHKLINE PLC	SPONSORED ADR	37733W105	28,634	802,286	SH		DFND		802,286	0	0
GLOBUS MED INC	CL A	379577208	2,212	35,862	SH		DFND		35,862	0	0
GOLDMAN SACHS GROUP INC	COM	38141G104	136,328	416,904	SH		DFND		416,904	0	0
GOODYEAR TIRE & RUBR CO	COM	382550101	14,747	839,320	SH		DFND		839,320	0	0
GRAFTECH INTL LTD	COM	384313508	11,754	961,051	SH		DFND		961,051	0	0
GRAHAM HLDGS CO	COM CL B	384637104	8,161	14,510	SH		DFND		14,510	0	0
GRAINGER W W INC	COM	384802104	17,030	42,476	SH		DFND		42,476	0	0
GRAY TELEVISION INC	COM	389375106	2,578	140,113	SH		DFND		140,113	0	0
GREAT LAKES DREDGE & DOCK CO	COM	390607109	4,548	311,917	SH		DFND		311,917	0	0
GREAT SOUTHN BANCORP INC	COM	390905107	287	5,071	SH		DFND		5,071	0	0
GREAT WESTN NATL BK PORTLAND	COM	695263103	7,336	192,289	SH		DFND		192,289	0	0
GREEN BRICK PARTNERS INC	COM	392709101	3,245	143,074	SH		DFND		143,074	0	0
GREEN PLAINS INC	COM	393222104	766	28,280	SH		DFND		28,280	0	0
GREENBRIER COS INC	COM	393657101	7,415	157,027	SH		DFND		157,027	0	0
GREIF INC	CL A	397624107	7,236	126,948	SH		DFND		126,948	0	0
GRIFFON CORP	COM	398433102	5,522	203,241	SH		DFND		203,241	0	0
GROUP 1 AUTOMOTIVE INC	COM	398905109	11,836	75,011	SH		DFND		75,011	0	0
HANCOCK WHITNEY CORPORATION	COM	410120109	3,875	92,236	SH		DFND		92,236	0	0
HANESBRANDS INC	COM	410345102	27,100	1,377,723	SH		DFND		1,377,723	0	0
HARBORONE BANCORP INC NEW	COM NEW	41165Y100	7,252	538,353	SH		DFND		538,353	0	0
HARTFORD FINL SVCS GROUP INC	COM	416515104	21,201	317,421	SH		DFND		317,421	0	0
HAWAIIAN HOLDINGS INC	COM	419879101	5,610	210,352	SH		DFND		210,352	0	0
HAYNES INTERNATIONAL INC	COM NEW	420877201	5,593	188,517	SH		DFND		188,517	0	0
HCA HEALTHCARE INC	COM	40412C101	92,395	490,574	SH		DFND		490,574	0	0
HEARTLAND FINL USA INC	COM	42234Q102	2,534	50,421	SH		DFND		50,421	0	0
HELIX ENERGY SOLUTIONS GRP I	COM	42330P107	228	45,100	SH		DFND		45,100	0	0
HELMERICH & PAYNE INC	COM	423452101	10,454	387,774	SH		DFND		387,774	0	0
HENRY SCHEIN INC	COM	806407102	7,928	114,503	SH		DFND		114,503	0	0
HERITAGE FINL CORP WASH	COM	42722X106	2,281	80,776	SH		DFND		80,776	0	0
HERITAGE INS HLDGS INC	COM	42727J102	3,186	287,506	SH		DFND		287,506	0	0
HEWLETT PACKARD ENTERPRISE C	COM	42824C109	23,174	1,472,279	SH		DFND		1,472,279	0	0
HIBBETT SPORTS INC	COM	428567101	811	11,776	SH		DFND		11,776	0	0
HILLTOP HOLDINGS INC	COM	432748101	8,977	263,033	SH		DFND		263,033	0	0
HOLOGIC INC	COM	436440101	21,969	295,358	SH		DFND		295,358	0	0
HOME BANCSHARES INC	COM	436893200	13,031	481,731	SH		DFND		481,731	0	0
HOME DEPOT INC	COM	437076102	99,497	325,954	SH		DFND		325,954	0	0
HOMESTREET INC	COM	43785V102	11,600	263,228	SH		DFND		263,228	0	0
HOOKER FURNITURE CORP	COM	439038100	295	8,093	SH		DFND		8,093	0	0
HOPE BANCORP INC	COM	43940T109	1,907	126,621	SH		DFND		126,621	0	0
HORACE MANN EDUCATORS CORP N	COM	440327104	5,207	120,495	SH		DFND		120,495	0	0
HORIZON BANCORP INC	COM	440407104	7,697	414,238	SH		DFND		414,238	0	0
HOVNANIAN ENTERPRISES INC	CL A NEW	442487401	459	4,340	SH		DFND		4,340	0	0
HOWARD HUGHES CORP	COM	44267D107	6,247	65,671	SH		DFND		65,671	0	0
HOWMET AEROSPACE INC	COM	443201108	10,793	335,925	SH		DFND		335,925	0	0
HP INC	COM	40434L105	46,786	1,473,560	SH		DFND		1,473,560	0	0
HUBBELL INC	COM	443510607	11,447	61,250	SH		DFND		61,250	0	0
HUNTINGTON BANCSHARES INC	COM	446150104	12,125	771,298	SH		DFND		771,298	0	0
HUNTSMAN CORP	COM	447011107	56,319	1,953,494	SH		DFND		1,953,494	0	0
HYATT HOTELS CORP	COM CL A	448579102	3,673	44,419	SH		DFND		44,419	0	0
HYSTER YALE MATLS HANDLING I	CL A	449172105	7,924	90,954	SH		DFND		90,954	0	0
ICHOR HOLDINGS	SHS	G4740B105	10,708	199,039	SH		DFND		199,039	0	0
INDEPENDENT BK GROUP INC	COM	45384B106	9,068	125,524	SH		DFND		125,524	0	0
INGLES MKTS INC	CL A	457030104	4,206	68,224	SH		DFND		68,224	0	0
INGREDION INC	COM	457187102	56,027	623,076	SH		DFND		623,076	0	0
INMODE LTD	SHS	M5425M103	7,604	105,070	SH		DFND		105,070	0	0
INSIGHT ENTERPRISES INC	COM	45765U103	11,729	122,919	SH		DFND		122,919	0	0
INTEL CORP	COM	458140100	47,631	744,237	SH		DFND		744,237	0	0
INTERFACE INC	COM	458665304	303	24,280	SH		DFND		24,280	0	0
INTERNATIONAL BANCSHARES COR	COM	459044103	7,215	155,439	SH		DFND		155,439	0	0
INTERNATIONAL PAPER CO	COM	460146103	24,286	449,150	SH		DFND		449,150	0	0
INTERPUBLIC GROUP COS INC	COM	460690100	7,502	256,911	SH		DFND		256,911	0	0
INVESCO LTD	SHS	G491BT108	7,171	284,341	SH		DFND		284,341	0	0
INVESTORS BANCORP INC NEW	COM	46146L101	7,920	539,172	SH		DFND		539,172	0	0
ISHARES TR	RUS 1000 VAL ETF	464287598	34,665	228,739	SH		DFND		228,739	0	0
ISHARES TR	RUS 2000 VAL ETF	464287630	12,608	79,061	SH		DFND		79,061	0	0
ITAU UNIBANCO HLDG S A	SPON ADR REP PFD	465562106	852	171,800	SH		DFND		171,800	0	0
ITT INC	COM	45073V108	8,864	97,498	SH		DFND		97,498	0	0
J & J SNACK FOODS CORP	COM	466032109	1,626	10,352	SH		DFND		10,352	0	0
J2 GLOBAL INC	COM	48123V102	1,490	12,432	SH		DFND		12,432	0	0
JABIL INC	COM	466313103	8,809	168,890	SH		DFND		168,890	0	0
JAZZ PHARMACEUTICALS PLC	SHS USD	G50871105	43,422	264,175	SH		DFND		264,175	0	0
JEFFERIES FINL GROUP INC	COM	47233W109	10,704	355,622	SH		DFND		355,622	0	0
JELD-WEN HLDG INC	COM	47580P103	1,394	50,344	SH		DFND		50,344	0	0
JETBLUE AWYS CORP	COM	477143101	8,780	431,647	SH		DFND		431,647	0	0
JOHNSON & JOHNSON	COM	478160104	328,533	1,998,983	SH		DFND		1,998,983	0	0
JOHNSON CTLS INTL PLC	SHS	G51502105	75,250	1,261,108	SH		DFND		1,261,108	0	0
JONES LANG LASALLE INC	COM	48020Q107	10,451	58,370	SH		DFND		58,370	0	0
JPMORGAN CHASE & CO	COM	46625H100	438,444	2,880,140	SH		DFND		2,880,140	0	0
JUNIPER NETWORKS INC	COM	48203R104	44,130	1,742,193	SH		DFND		1,742,193	0	0
KB HOME	COM	48666K109	17,253	370,791	SH		DFND		370,791	0	0
KEARNY FINL CORP MD	COM	48716P108	149	12,330	SH		DFND		12,330	0	0
KELLY SVCS INC	CL A	488152208	638	28,656	SH		DFND		28,656	0	0
KEYCORP	COM	493267108	17,474	874,552	SH		DFND		874,552	0	0
KIMBALL ELECTRONICS INC	COM	49428J109	428	16,572	SH		DFND		16,572	0	0
KKR & CO INC	COM	48251W104	26,952	551,726	SH		DFND		551,726	0	0
KNIGHT-SWIFT TRANSN HLDGS IN	CL A	499049104	12,053	250,632	SH		DFND		250,632	0	0
KNOLL INC	COM NEW	498904200	4,278	259,107	SH		DFND		259,107	0	0
KOPPERS HOLDINGS INC	COM	50060P106	304	8,760	SH		DFND		8,760	0	0
KRAFT HEINZ CO	COM	500754106	43,136	1,078,403	SH		DFND		1,078,403	0	0
KROGER CO	COM	501044101	57,922	1,609,394	SH		DFND		1,609,394	0	0
LABORATORY CORP AMER HLDGS	COM NEW	50540R409	28,449	111,552	SH		DFND		111,552	0	0
LAKELAND BANCORP INC	COM	511637100	1,182	67,838	SH		DFND		67,838	0	0
LAWSON PRODS INC	COM	520776105	2,662	51,339	SH		DFND		51,339	0	0
LAZARD LTD	SHS A	G54050102	9,154	210,377	SH		DFND		210,377	0	0
LEAR CORP	COM NEW	521865204	8,351	46,075	SH		DFND		46,075	0	0
LENNAR CORP	CL A	526057104	47,518	469,406	SH		DFND		469,406	0	0
LGI HOMES INC	COM	50187T106	13,414	89,841	SH		DFND		89,841	0	0
LINCOLN NATL CORP IND	COM	534187109	13,041	209,421	SH		DFND		209,421	0	0
LKQ CORP	COM	501889208	14,659	346,311	SH		DFND		346,311	0	0
LOEWS CORP	COM	540424108	12,033	234,651	SH		DFND		234,651	0	0
LOWES COS INC	COM	548661107	176,428	927,688	SH		DFND		927,688	0	0
LPL FINL HLDGS INC	COM	50212V100	9,920	69,784	SH		DFND		69,784	0	0
LYONDELLBASELL INDUSTRIES N	SHS - A -	N53745100	63,520	610,476	SH		DFND		610,476	0	0
M & T BK CORP	COM	55261F104	16,556	109,200	SH		DFND		109,200	0	0
M D C HLDGS INC	COM	552676108	15,834	266,563	SH		DFND		266,563	0	0
M/I HOMES INC	COM	55305B101	8,098	137,093	SH		DFND		137,093	0	0
MAGNA INTL INC	COM	559222401	37,704	428,136	SH		DFND		428,136	0	0
MAMMOTH ENERGY SVCS INC	COM	56155L108	101	18,950	SH		DFND		18,950	0	0
MANITOWOC CO INC	COM NEW	563571405	11,584	561,777	SH		DFND		561,777	0	0
MANPOWERGROUP INC	COM	56418H100	4,099	41,449	SH		DFND		41,449	0	0
MARATHON OIL CORP	COM	565849106	4,348	407,126	SH		DFND		407,126	0	0
MARINEMAX INC	COM	567908108	2,214	44,862	SH		DFND		44,862	0	0
MARKEL CORP	COM	570535104	13,018	11,423	SH		DFND		11,423	0	0
MARVELL TECHNOLOGY GROUP LTD	ORD	G5876H105	29,646	605,275	SH		DFND		605,275	0	0
MASCO CORP	COM	574599106	17,748	296,289	SH		DFND		296,289	0	0
MASTEC INC	COM	576323109	2,459	26,244	SH		DFND		26,244	0	0
MASTERCRAFT BOAT HLDGS INC	COM	57637H103	3,745	140,831	SH		DFND		140,831	0	0
MATRIX SVC CO	COM	576853105	143	10,940	SH		DFND		10,940	0	0
MAYVILLE ENGINEERING CO INC	COM	578605107	229	15,902	SH		DFND		15,902	0	0
MCKESSON CORP	COM	58155Q103	35,878	183,950	SH		DFND		183,950	0	0
MEDTRONIC PLC	SHS	G5960L103	24,831	210,197	SH		DFND		210,197	0	0
MERCK & CO. INC	COM	58933Y105	3,039	39,416	SH		DFND		39,416	0	0
MERCURY GENL CORP NEW	COM	589400100	6,265	103,030	SH		DFND		103,030	0	0
MERITAGE HOMES CORP	COM	59001A102	12,214	132,871	SH		DFND		132,871	0	0
METHODE ELECTRS INC	COM	591520200	6,453	153,718	SH		DFND		153,718	0	0
METLIFE INC	COM	59156R108	52,114	857,286	SH		DFND		857,286	0	0
MGIC INVT CORP WIS	COM	552848103	8,762	632,646	SH		DFND		632,646	0	0
MICRON TECHNOLOGY INC	COM	595112103	134,327	1,522,811	SH		DFND		1,522,811	0	0
MILLER HERMAN INC	COM	600544100	8,729	212,128	SH		DFND		212,128	0	0
MILLER INDS INC TENN	COM NEW	600551204	325	7,040	SH		DFND		7,040	0	0
MINERALS TECHNOLOGIES INC	COM	603158106	6,919	91,860	SH		DFND		91,860	0	0
MODINE MFG CO	COM	607828100	599	40,560	SH		DFND		40,560	0	0
MOHAWK INDS INC	COM	608190104	24,574	127,781	SH		DFND		127,781	0	0
MOLINA HEALTHCARE INC	COM	60855R100	24,610	105,280	SH		DFND		105,280	0	0
MOLSON COORS BEVERAGE CO	CL B	60871R209	32,225	630,019	SH		DFND		630,019	0	0
MORGAN STANLEY	COM NEW	617446448	34,769	447,702	SH		DFND		447,702	0	0
MOSAIC CO NEW	COM	61945C103	17,116	541,481	SH		DFND		541,481	0	0
MR COOPER GROUP INC	COM	62482R107	5,873	168,963	SH		DFND		168,963	0	0
MTS SYS CORP	COM	553777103	12,514	215,022	SH		DFND		215,022	0	0
MURPHY OIL CORP	COM	626717102	3,962	241,424	SH		DFND		241,424	0	0
NASDAQ INC	COM	631103108	21,233	143,989	SH		DFND		143,989	0	0
NATIONAL BK HLDGS CORP	CL A	633707104	1,884	47,470	SH		DFND		47,470	0	0
NATURAL GAS SVCS GROUP INC	COM	63886Q109	101	10,690	SH		DFND		10,690	0	0
NAVIENT CORPORATION	COM	63938C108	4,956	346,360	SH		DFND		346,360	0	0
NBT BANCORP INC	COM	628778102	1,786	44,774	SH		DFND		44,774	0	0
NELNET INC	CL A	64031N108	4,920	67,637	SH		DFND		67,637	0	0
NETAPP INC	COM	64110D104	18,535	255,056	SH		DFND		255,056	0	0
NETWORK-1 TECHNOLOGIES INC	COM	64121N109	38	12,240	SH		DFND		12,240	0	0
NEW HOME CO INC	COM	645370107	76	14,411	SH		DFND		14,411	0	0
NEW YORK CMNTY BANCORP INC	COM	649445103	1,019	80,765	SH		DFND		80,765	0	0
NEWELL BRANDS INC	COM	651229106	12,928	482,758	SH		DFND		482,758	0	0
NEWMONT CORP	COM	651639106	85,266	1,414,734	SH		DFND		1,414,734	0	0
NEWPARK RES INC	COM PAR $.01NEW	651718504	118	37,640	SH		DFND		37,640	0	0
NEXSTAR MEDIA GROUP INC	CL A	65336K103	11,714	83,414	SH		DFND		83,414	0	0
NEXTERA ENERGY INC	COM	65339F101	6,205	82,069	SH		DFND		82,069	0	0
NISOURCE INC	COM	65473P105	33,020	1,369,552	SH		DFND		1,369,552	0	0
NMI HLDGS INC	CL A	629209305	3,733	157,904	SH		DFND		157,904	0	0
NORTHERN TR CORP	COM	665859104	19,525	185,756	SH		DFND		185,756	0	0
NORTHWEST BANCSHARES INC MD	COM	667340103	2,018	139,628	SH		DFND		139,628	0	0
NORTHWEST PIPE CO	COM	667746101	261	7,798	SH		DFND		7,798	0	0
NRG ENERGY INC	COM NEW	629377508	10,504	278,405	SH		DFND		278,405	0	0
NUCOR CORP	COM	670346105	27,650	344,460	SH		DFND		344,460	0	0
OCEANFIRST FINL CORP	COM	675234108	1,124	46,947	SH		DFND		46,947	0	0
OFG BANCORP	COM	67103X102	541	23,903	SH		DFND		23,903	0	0
OGE ENERGY CORP	COM	670837103	4,754	146,910	SH		DFND		146,910	0	0
OIL STS INTL INC	COM	678026105	111	18,360	SH		DFND		18,360	0	0
OLD NATL BANCORP IND	COM	680033107	9,312	481,472	SH		DFND		481,472	0	0
OLD REP INTL CORP	COM	680223104	3,682	168,601	SH		DFND		168,601	0	0
OLD SECOND BANCORP INC ILL	COM	680277100	7,098	537,348	SH		DFND		537,348	0	0
OLYMPIC STEEL INC	COM	68162K106	5,131	174,224	SH		DFND		174,224	0	0
OMNICOM GROUP INC	COM	681919106	47,878	645,691	SH		DFND		645,691	0	0
ONEMAIN HLDGS INC	COM	68268W103	7,085	131,883	SH		DFND		131,883	0	0
OPPENHEIMER HLDGS INC	CL A NON VTG	683797104	250	6,252	SH		DFND		6,252	0	0
ORACLE CORP	COM	68389X105	247,709	3,530,131	SH		DFND		3,530,131	0	0
OREILLY AUTOMOTIVE INC	COM	67103H107	51,602	101,728	SH		DFND		101,728	0	0
ORION GROUP HLDGS INC	COM	68628V308	76	12,590	SH		DFND		12,590	0	0
OSHKOSH CORP	COM	688239201	6,198	52,237	SH		DFND		52,237	0	0
OWENS CORNING NEW	COM	690742101	11,314	122,860	SH		DFND		122,860	0	0
PACCAR INC	COM	693718108	28,468	306,375	SH		DFND		306,375	0	0
PACIFIC PREMIER BANCORP	COM	69478X105	3,189	73,416	SH		DFND		73,416	0	0
PACKAGING CORP AMER	COM	695156109	14,394	107,037	SH		DFND		107,037	0	0
PARKE BANCORP INC	COM	700885106	2,676	133,870	SH		DFND		133,870	0	0
PARKER-HANNIFIN CORP	COM	701094104	31,980	101,384	SH		DFND		101,384	0	0
PATTERSON-UTI ENERGY INC	COM	703481101	4,814	675,171	SH		DFND		675,171	0	0
PBF ENERGY INC	CL A	69318G106	6,110	431,813	SH		DFND		431,813	0	0
PDC ENERGY INC	COM	69327R101	5,388	156,639	SH		DFND		156,639	0	0
PDL CMNTY BANCORP	COM	69290X101	1,466	131,996	SH		DFND		131,996	0	0
PENNYMAC FINL SVCS INC NEW	COM	70932M107	14,018	209,631	SH		DFND		209,631	0	0
PENSKE AUTOMOTIVE GRP INC	COM	70959W103	21,489	267,804	SH		DFND		267,804	0	0
PENTAIR PLC	SHS	G7S00T104	11,759	188,692	SH		DFND		188,692	0	0
PEOPLES BANCORP INC	COM	709789101	259	7,808	SH		DFND		7,808	0	0
PEOPLES UNITED FINANCIAL INC	COM	712704105	797	44,529	SH		DFND		44,529	0	0
PFIZER INC	COM	717081103	30,669	846,508	SH		DFND		846,508	0	0
PHILIP MORRIS INTL INC	COM	718172109	108,078	1,217,912	SH		DFND		1,217,912	0	0
PHILLIPS 66	COM	718546104	31,645	388,093	SH		DFND		388,093	0	0
PINNACLE FINL PARTNERS INC	COM	72346Q104	9,798	110,514	SH		DFND		110,514	0	0
PINNACLE WEST CAP CORP	COM	723484101	10,818	132,980	SH		DFND		132,980	0	0
PIONEER BANCORP INC	COM	723561106	2,296	197,095	SH		DFND		197,095	0	0
PIPER SANDLER COMPANIES	COM	724078100	3,830	34,927	SH		DFND		34,927	0	0
PLANET FITNESS INC	CL A	72703H101	1,761	22,902	SH		DFND		22,902	0	0
PNC FINL SVCS GROUP INC	COM	693475105	65,736	374,755	SH		DFND		374,755	0	0
POLARIS INC	COM	731068102	4,236	31,729	SH		DFND		31,729	0	0
POPULAR INC	COM NEW	733174700	44,178	628,237	SH		DFND		628,237	0	0
POWELL INDS INC	COM	739128106	3,267	96,445	SH		DFND		96,445	0	0
PPL CORP	COM	69351T106	34,109	1,182,691	SH		DFND		1,182,691	0	0
PRICE T ROWE GROUP INC	COM	74144T108	56,879	331,463	SH		DFND		331,463	0	0
PRIMERICA INC	COM	74164M108	3,050	20,634	SH		DFND		20,634	0	0
PRIMORIS SVCS CORP	COM	74164F103	7,676	231,701	SH		DFND		231,701	0	0
PRINCIPAL FINANCIAL GROUP IN	COM	74251V102	14,638	244,128	SH		DFND		244,128	0	0
PROASSURANCE CORP	COM	74267C106	2,212	82,659	SH		DFND		82,659	0	0
PROCTER AND GAMBLE CO	COM	742718109	111,814	825,620	SH		DFND		825,620	0	0
PROGRESSIVE CORP	COM	743315103	53,951	564,283	SH		DFND		564,283	0	0
PROPETRO HLDG CORP	COM	74347M108	323	30,290	SH		DFND		30,290	0	0
PROSPERITY BANCSHARES INC	COM	743606105	1,214	16,207	SH		DFND		16,207	0	0
PROVIDENT FINL SVCS INC	COM	74386T105	3,220	144,507	SH		DFND		144,507	0	0
PRUDENTIAL FINL INC	COM	744320102	31,966	350,890	SH		DFND		350,890	0	0
PUBLIC SVC ENTERPRISE GRP IN	COM	744573106	35,965	597,333	SH		DFND		597,333	0	0
PULTE GROUP INC	COM	745867101	74,112	1,413,267	SH		DFND		1,413,267	0	0
PURPLE INNOVATION INC	COM	74640Y106	6,693	211,459	SH		DFND		211,459	0	0
PZENA INVT MGMT INC	CLASS A	74731Q103	2,619	248,752	SH		DFND		248,752	0	0
QCR HOLDINGS INC	COM	74727A104	289	6,125	SH		DFND		6,125	0	0
QORVO INC	COM	74736K101	15,784	86,394	SH		DFND		86,394	0	0
QUANTA SVCS INC	COM	74762E102	17,543	199,394	SH		DFND		199,394	0	0
QUEST DIAGNOSTICS INC	COM	74834L100	19,795	154,235	SH		DFND		154,235	0	0
QURATE RETAIL INC	COM SER A	74915M100	2,155	183,249	SH		DFND		183,249	0	0
RADIAN GROUP INC	COM	750236101	8,075	347,302	SH		DFND		347,302	0	0
RANGE RES CORP	COM	75281A109	10,865	1,051,757	SH		DFND		1,051,757	0	0
RAYMOND JAMES FINL INC	COM	754730109	14,772	120,529	SH		DFND		120,529	0	0
RAYONIER ADVANCED MATLS INC	COM	75508B104	455	50,160	SH		DFND		50,160	0	0
RE MAX HLDGS INC	CL A	75524W108	349	8,852	SH		DFND		8,852	0	0
REALOGY HLDGS CORP	COM	75605Y106	6,292	415,832	SH		DFND		415,832	0	0
RED VIOLET INC	COM	75704L104	2,085	113,189	SH		DFND		113,189	0	0
REGENERON PHARMACEUTICALS	COM	75886F107	27,180	57,445	SH		DFND		57,445	0	0
REGIONS FINANCIAL CORP NEW	COM	7591EP100	17,823	862,677	SH		DFND		862,677	0	0
REGIS CORP MINN	COM	758932107	10,780	858,305	SH		DFND		858,305	0	0
RELIANCE STEEL & ALUMINUM CO	COM	759509102	11,022	72,377	SH		DFND		72,377	0	0
RENASANT CORP	COM	75970E107	4,688	113,300	SH		DFND		113,300	0	0
RENT A CTR INC NEW	COM	76009N100	11,102	192,545	SH		DFND		192,545	0	0
REPUBLIC BANCORP INC KY	CL A	760281204	7,439	167,972	SH		DFND		167,972	0	0
REPUBLIC FIRST BANCORP INC	COM	760416107	3,948	1,047,210	SH		DFND		1,047,210	0	0
REX AMERICAN RES CORP	COM	761624105	337	3,998	SH		DFND		3,998	0	0
RHYTHM PHARMACEUTICALS INC	COM	76243J105	920	43,263	SH		DFND		43,263	0	0
RIVERVIEW BANCORP INC	COM	769397100	3,158	455,679	SH		DFND		455,679	0	0
ROCKY BRANDS INC	COM	774515100	263	4,864	SH		DFND		4,864	0	0
ROGERS CORP	COM	775133101	2,700	14,347	SH		DFND		14,347	0	0
RPC INC	COM	749660106	235	43,440	SH		DFND		43,440	0	0
RPM INTL INC	COM	749685103	13,456	146,501	SH		DFND		146,501	0	0
RYMAN HOSPITALITY PPTYS INC	COM	78377T107	33,632	433,900	SH		DFND		433,900	0	0
SABRE CORP	COM	78573M104	2,500	168,814	SH		DFND		168,814	0	0
SALLY BEAUTY HLDGS INC	COM	79546E104	5,560	276,186	SH		DFND		276,186	0	0
SANDRIDGE ENERGY INC	COM NEW	80007P869	59	14,990	SH		DFND		14,990	0	0
SANDY SPRING BANCORP INC	COM	800363103	2,102	48,403	SH		DFND		48,403	0	0
SANMINA CORPORATION	COM	801056102	7,452	180,092	SH		DFND		180,092	0	0
SANTANDER CONSUMER USA HLDGS	COM	80283M101	4,353	160,871	SH		DFND		160,871	0	0
SCHNITZER STEEL INDS INC	CL A	806882106	890	21,294	SH		DFND		21,294	0	0
SCHWEITZER-MAUDUIT INTL INC	COM	808541106	7,373	150,567	SH		DFND		150,567	0	0
SCOTTS MIRACLE-GRO CO	CL A	810186106	4,157	16,970	SH		DFND		16,970	0	0
SEALED AIR CORP NEW	COM	81211K100	8,052	175,741	SH		DFND		175,741	0	0
SEI INVTS CO	COM	784117103	7,727	126,820	SH		DFND		126,820	0	0
SELECT ENERGY SVCS INC	CL A COM	81617J301	87	17,530	SH		DFND		17,530	0	0
SENSATA TECHNOLOGIES HLDG PL	SHS	G8060N102	7,030	121,303	SH		DFND		121,303	0	0
SERVICE CORP INTL	COM	817565104	14,611	286,219	SH		DFND		286,219	0	0
SIGNET JEWELERS LIMITED	SHS	G81276100	18,793	324,126	SH		DFND		324,126	0	0
SIMMONS 1ST NATL CORP	CL A $1 PAR	828730200	5,735	193,279	SH		DFND		193,279	0	0
SINCLAIR BROADCAST GROUP INC	CL A	829226109	5,193	177,462	SH		DFND		177,462	0	0
SKECHERS U S A INC	CL A	830566105	4,332	103,869	SH		DFND		103,869	0	0
SKYWEST INC	COM	830879102	9,865	181,079	SH		DFND		181,079	0	0
SLM CORP	COM	78442P106	63,221	3,518,128	SH		DFND		3,518,128	0	0
SMART SAND INC	COM	83191H107	45	17,940	SH		DFND		17,940	0	0
SMUCKER J M CO	COM NEW	832696405	11,752	92,880	SH		DFND		92,880	0	0
SNAP ON INC	COM	833034101	14,330	62,103	SH		DFND		62,103	0	0
SONIC AUTOMOTIVE INC	CL A	83545G102	5,184	104,585	SH		DFND		104,585	0	0
SONOCO PRODS CO	COM	835495102	4,748	75,010	SH		DFND		75,010	0	0
SOUTH ST CORP	COM	840441109	3,315	42,230	SH		DFND		42,230	0	0
SOUTHERN CO	COM	842587107	8,201	131,936	SH		DFND		131,936	0	0
SOUTHWESTERN ENERGY CO	COM	845467109	7,790	1,675,215	SH		DFND		1,675,215	0	0
SPIRIT AIRLS INC	COM	848577102	8,835	239,425	SH		DFND		239,425	0	0
SPORTSMANS WHSE HLDGS INC	COM	84920Y106	5,584	323,876	SH		DFND		323,876	0	0
STATE STR CORP	COM	857477103	40,648	483,849	SH		DFND		483,849	0	0
STEEL DYNAMICS INC	COM	858119100	16,366	322,423	SH		DFND		322,423	0	0
STERLING BANCORP DEL	COM	85917A100	7,230	314,083	SH		DFND		314,083	0	0
STERLING CONSTR INC	COM	859241101	440	18,950	SH		DFND		18,950	0	0
STEWART INFORMATION SVCS COR	COM	860372101	2,587	49,726	SH		DFND		49,726	0	0
STIFEL FINL CORP	COM	860630102	16,046	250,480	SH		DFND		250,480	0	0
STITCH FIX INC	COM CL A	860897107	508	10,251	SH		DFND		10,251	0	0
STONEX GROUP INC	COM	861896108	3,692	56,472	SH		DFND		56,472	0	0
SUNCOKE ENERGY INC	COM	86722A103	241	34,320	SH		DFND		34,320	0	0
SUNSTONE HOTEL INVS INC NEW	COM	867892101	2,210	177,389	SH		DFND		177,389	0	0
SUPER MICRO COMPUTER INC	COM	86800U104	2,408	61,647	SH		DFND		61,647	0	0
SUPERNUS PHARMACEUTICALS INC	COM	868459108	6,623	252,989	SH		DFND		252,989	0	0
SVB FINANCIAL GROUP	COM	78486Q101	22,784	46,154	SH		DFND		46,154	0	0
SYNCHRONY FINANCIAL	COM	87165B103	32,935	810,002	SH		DFND		810,002	0	0
SYNOVUS FINL CORP	COM NEW	87161C501	3,014	65,879	SH		DFND		65,879	0	0
SYSCO CORP	COM	871829107	6,149	78,089	SH		DFND		78,089	0	0
TACTILE SYS TECHNOLOGY INC	COM	87357P100	9,465	173,709	SH		DFND		173,709	0	0
TARGET CORP	COM	87612E106	112,503	567,997	SH		DFND		567,997	0	0
TAYLOR MORRISON HOME CORP	COM	87724P106	14,740	478,431	SH		DFND		478,431	0	0
TCF FINL CORP	COM	872307103	2,971	63,949	SH		DFND		63,949	0	0
TECHNIPFMC PLC	COM	G87110105	904	117,099	SH		DFND		117,099	0	0
TEGNA INC	COM	87901J105	14,874	789,902	SH		DFND		789,902	0	0
TEJON RANCH CO	COM	879080109	348	20,768	SH		DFND		20,768	0	0
TEMPUR SEALY INTL INC	COM	88023U101	3,338	91,289	SH		DFND		91,289	0	0
TEREX CORP NEW	COM	880779103	5,196	112,779	SH		DFND		112,779	0	0
TERRITORIAL BANCORP INC	COM	88145X108	3,036	114,732	SH		DFND		114,732	0	0
TEXAS CAP BANCSHARES INC	COM	88224Q107	2,718	38,325	SH		DFND		38,325	0	0
TEXTRON INC	COM	883203101	44,834	799,469	SH		DFND		799,469	0	0
THOR INDS INC	COM	885160101	33,249	246,764	SH		DFND		246,764	0	0
TIDEWATER INC NEW	COM	88642R109	212	16,900	SH		DFND		16,900	0	0
TIMKENSTEEL CORPORATION	COM	887399103	159	13,560	SH		DFND		13,560	0	0
TITAN MACHY INC	COM	88830R101	7,711	302,397	SH		DFND		302,397	0	0
T-MOBILE US INC	COM	872590104	41,780	333,470	SH		DFND		333,470	0	0
TOLL BROTHERS INC	COM	889478103	27,099	477,682	SH		DFND		477,682	0	0
TOTAL SE	SPONSORED ADS	89151E109	2,927	62,900	SH		DFND		62,900	0	0
TRACTOR SUPPLY CO	COM	892356106	15,609	88,146	SH		DFND		88,146	0	0
TRANSOCEAN LTD	REG SHS	H8817H100	7,864	2,215,071	SH		DFND		2,215,071	0	0
TRAVELCENTERS OF AMERICA INC	COM NEW	89421B109	309	11,390	SH		DFND		11,390	0	0
TRAVELERS COMPANIES INC	COM	89417E109	61,485	408,811	SH		DFND		408,811	0	0
TRECORA RES	COM	894648104	152	19,600	SH		DFND		19,600	0	0
TREEHOUSE FOODS INC	COM	89469A104	30,861	590,747	SH		DFND		590,747	0	0
TRI POINTE HOMES INC	COM	87265H109	12,747	626,086	SH		DFND		626,086	0	0
TRICO BANCSHARES	COM	896095106	999	21,088	SH		DFND		21,088	0	0
TRINITY INDS INC	COM	896522109	7,518	263,873	SH		DFND		263,873	0	0
TRIPLE-S MGMT CORP	CL B	896749108	485	18,617	SH		DFND		18,617	0	0
TRISTATE CAP HLDGS INC	COM	89678F100	4,038	175,113	SH		DFND		175,113	0	0
TRITON INTL LTD	CL A	G9078F107	18,112	329,377	SH		DFND		329,377	0	0
TRONOX HOLDINGS PLC	SHS	G9087Q102	5,956	325,446	SH		DFND		325,446	0	0
TRUECAR INC	COM	89785L107	195	40,810	SH		DFND		40,810	0	0
TRUIST FINL CORP	COM	89832Q109	35,656	611,389	SH		DFND		611,389	0	0
TRUSTCO BK CORP N Y	COM	898349105	228	30,988	SH		DFND		30,988	0	0
TRUSTMARK CORP	COM	898402102	5,171	153,628	SH		DFND		153,628	0	0
TTM TECHNOLOGIES INC	COM	87305R109	3,508	241,956	SH		DFND		241,956	0	0
TUTOR PERINI CORP	COM	901109108	763	40,252	SH		DFND		40,252	0	0
TWO HBRS INVT CORP	COM NEW	90187B408	48,904	6,671,770	SH		DFND		6,671,770	0	0
TYSON FOODS INC	CL A	902494103	77,789	1,046,957	SH		DFND		1,046,957	0	0
UGI CORP NEW	COM	902681105	30,399	741,253	SH		DFND		741,253	0	0
ULTA BEAUTY INC	COM	90384S303	24,980	80,797	SH		DFND		80,797	0	0
UMB FINL CORP	COM	902788108	12,934	140,080	SH		DFND		140,080	0	0
UMPQUA HLDGS CORP	COM	904214103	9,783	557,448	SH		DFND		557,448	0	0
UNITED BANKSHARES INC WEST V	COM	909907107	6,648	172,313	SH		DFND		172,313	0	0
UNITED NAT FOODS INC	COM	911163103	8,676	263,386	SH		DFND		263,386	0	0
UNITED PARCEL SERVICE INC	CL B	911312106	93,011	547,157	SH		DFND		547,157	0	0
UNITED RENTALS INC	COM	911363109	19,994	60,716	SH		DFND		60,716	0	0
UNITED STATES STL CORP NEW	COM	912909108	16,817	642,600	SH		DFND		642,600	0	0
UNITEDHEALTH GROUP INC	COM	91324P102	300,403	807,382	SH		DFND		807,382	0	0
UNIVERSAL HLTH SVCS INC	CL B	913903100	11,865	88,948	SH		DFND		88,948	0	0
UNIVERSAL LOGISTICS HLDGS IN	COM	91388P105	294	11,180	SH		DFND		11,180	0	0
UNIVERSAL STAINLESS & ALLOY	COM	913837100	1,908	187,602	SH		DFND		187,602	0	0
UNUM GROUP	COM	91529Y106	2,155	77,447	SH		DFND		77,447	0	0
US BANCORP DEL	COM NEW	902973304	92,787	1,677,572	SH		DFND		1,677,572	0	0
VALERO ENERGY CORP	COM	91913Y100	25,888	361,565	SH		DFND		361,565	0	0
VALLEY NATL BANCORP	COM	919794107	9,821	714,802	SH		DFND		714,802	0	0
VERA BRADLEY INC	COM	92335C106	140	13,850	SH		DFND		13,850	0	0
VERITEX HLDGS INC	COM	923451108	1,840	56,242	SH		DFND		56,242	0	0
VERITIV CORP	COM	923454102	451	10,594	SH		DFND		10,594	0	0
VERIZON COMMUNICATIONS INC	COM	92343V104	59,801	1,028,393	SH		DFND		1,028,393	0	0
VIATRIS INC	COM	92556V106	26,028	1,863,119	SH		DFND		1,863,119	0	0
VICTORY CAP HLDGS INC	COM CL A	92645B103	1,225	47,938	SH		DFND		47,938	0	0
VIRTUS INVT PARTNERS INC	COM	92828Q109	5,254	22,310	SH		DFND		22,310	0	0
VISHAY INTERTECHNOLOGY INC	NOTE 2.250% 6/1	928298AP3	13,145	12,060,000	PRN		DFND		12,060,000	0	0
VISTA OUTDOOR INC	COM	928377100	6,727	209,761	SH		DFND		209,761	0	0
VONTIER CORPORATION	COM	928881101	34,904	1,153,086	SH		DFND		1,153,086	0	0
VOXX INTL CORP	CL A	91829F104	280	14,691	SH		DFND		14,691	0	0
VOYA FINANCIAL INC	COM	929089100	7,469	117,359	SH		DFND		117,359	0	0
VSE CORP	COM	918284100	347	8,773	SH		DFND		8,773	0	0
WABTEC	COM	929740108	21,165	267,368	SH		DFND		267,368	0	0
WALGREENS BOOTS ALLIANCE INC	COM	931427108	21,745	396,088	SH		DFND		396,088	0	0
WALKER & DUNLOP INC	COM	93148P102	9,316	90,676	SH		DFND		90,676	0	0
WALMART INC	COM	931142103	6,591	48,523	SH		DFND		48,523	0	0
WARRIOR MET COAL INC	COM	93627C101	3,058	178,498	SH		DFND		178,498	0	0
WATERSTONE FINL INC MD	COM	94188P101	256	12,552	SH		DFND		12,552	0	0
WEBSTER FINL CORP CONN	COM	947890109	770	13,970	SH		DFND		13,970	0	0
WELLS FARGO CO NEW	COM	949746101	235,351	6,023,822	SH		DFND		6,023,822	0	0
WESBANCO INC	COM	950810101	2,528	70,110	SH		DFND		70,110	0	0
WESTERN ALLIANCE BANCORP	COM	957638109	10,277	108,821	SH		DFND		108,821	0	0
WESTERN DIGITAL CORP.	NOTE 1.500% 2/0	958102AP0	23,857	23,275,000	PRN		DFND		23,275,000	0	0
WESTERN NEW ENG BANCORP INC	COM	958892101	2,955	350,476	SH		DFND		350,476	0	0
WESTERN UN CO	COM	959802109	11,527	467,449	SH		DFND		467,449	0	0
WHIRLPOOL CORP	COM	963320106	19,046	86,435	SH		DFND		86,435	0	0
WHOLE EARTH BRANDS INC	COM CL A	96684W100	6,505	498,843	SH		DFND		498,843	0	0
WILLIAMS COS INC	COM	969457100	32,583	1,375,405	SH		DFND		1,375,405	0	0
WILLIAMS SONOMA INC	COM	969904101	10,917	60,919	SH		DFND		60,919	0	0
WINNEBAGO INDS INC	COM	974637100	7,493	97,674	SH		DFND		97,674	0	0
WINTRUST FINL CORP	COM	97650W108	4,502	59,387	SH		DFND		59,387	0	0
WORLD FUEL SVCS CORP	COM	981475106	5,472	155,454	SH		DFND		155,454	0	0
WSFS FINL CORP	COM	929328102	4,278	85,927	SH		DFND		85,927	0	0
XEROX HOLDINGS CORP	COM NEW	98421M106	1,706	70,289	SH		DFND		70,289	0	0
ZIMMER BIOMET HOLDINGS INC	COM	98956P102	24,165	150,954	SH		DFND		150,954	0	0
ZIONS BANCORPORATION N A	COM	989701107	12,531	227,996	SH		DFND		227,996	0	0
ZOGENIX INC	COM NEW	98978L204	798	40,901	SH		DFND		40,901	0	0
ZUMIEZ INC	COM	989817101	453	10,560	SH		DFND		10,560	0	0