Dean Investment Associates 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
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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
1st Source Corp	CS	336901103	2,598,342	61,733	SH		DFND	2	61,733	0	0
Advance Auto Parts Inc	CS	00751Y106	883,750	15,801	SH		DFND	2	15,801	0	0
Aflac Inc	CS	001055102	2,151,176	28,028	SH		DFND	2	23,125	0	4,903
Air Products & Chemicals Inc	CS	009158106	4,290,959	15,141	SH		DFND	2	14,229	0	912
Air Transport Services Group	CS	00922R105	2,326,212	111,462	SH		DFND	2	111,462	0	0
Alexandria Real Estate Equitie	CS	015271109	874,474	8,736	SH		DFND	2	8,591	0	145
Alliant Energy Corp	CS	018802108	5,976,598	123,356	SH		DFND	2	110,751	0	12,605
Alphabet Inc - A	CS	02079k305	380,672	2,909	SH		DFND	2	1,785	0	1,124
Altria Group Inc	CS	02209S103	8,708,484	207,098	SH		DFND	2	193,897	0	13,201
Amdocs Ltd	CS	G02602103	378,346	4,478	SH		DFND	2	2,687	0	1,791
Ameren Corp	CS	023608102	1,724,607	23,047	SH		DFND	2	22,665	0	382
American Electric Power	CS	025537101	4,185,993	55,650	SH		DFND	2	51,935	0	3,715
American States Water Co	CS	029899101	3,790,016	48,170	SH		DFND	2	48,170	0	0
American Tower Corp	CS	03027x100	3,739,429	22,739	SH		DFND	2	21,347	0	1,392
Ameriprise Financial Inc	CS	03076C106	2,007,092	6,088	SH		DFND	2	5,999	0	89
Amgen Inc	CS	031162100	8,437,183	31,393	SH		DFND	2	28,546	0	2,847
Argan Inc	CS	04010e109	4,072,310	89,462	SH		DFND	2	89,462	0	0
Arrow Electronics Inc	CS	042735100	2,196,584	17,539	SH		DFND	2	17,248	0	291
Assurant Inc	CS	04621X108	2,241,858	15,614	SH		DFND	2	15,355	0	259
Atmos Energy Corp	CS	049560105	1,762,993	16,643	SH		DFND	2	16,368	0	275
AutoZone Inc	CS	053332102	3,957,304	1,558	SH		DFND	2	1,349	0	209
Avalonbay Communities Inc	CS	053484101	1,783,863	10,387	SH		DFND	2	10,215	0	172
Avery Dennison Corp	CS	053611109	1,835,285	10,047	SH		DFND	2	9,880	0	167
Avista Corp	CS	05379B107	3,289,116	101,610	SH		DFND	2	101,610	0	0
AZZ Inc	CS	002474104	3,020,359	66,265	SH		DFND	2	66,265	0	0
Baker Hughes Co	CS	05722G100	2,070,847	58,631	SH		DFND	2	57,659	0	972
Bank of NY Mellon	CS	064058100	2,928,879	68,672	SH		DFND	2	62,725	0	5,947
BCE Inc	CS	05534B760	5,254,978	137,673	SH		DFND	2	133,054	0	4,619
Benchmark Electronics Inc	CS	08160H101	2,491,453	102,698	SH		DFND	2	102,698	0	0
Berkshire Hathaway Inc - B	CS	084670702	2,749,154	7,848	SH		DFND	2	6,195	0	1,653
BJ's Wholesale Club Holdings	CS	05550J101	1,635,087	22,910	SH		DFND	2	22,530	0	380
BlackRock Inc	CS	09247X101	6,000,582	9,282	SH		DFND	2	8,308	0	974
BorgWarner Inc	CS	099724106	3,039,174	75,283	SH		DFND	2	69,851	0	5,432
Brady Corp	CS	104674106	4,856,850	88,435	SH		DFND	2	88,435	0	0
Bristol Myers Squibb Co	CS	110122108	4,976,930	85,750	SH		DFND	2	77,797	0	7,953
Broadcom Inc	CS	11135f101	3,469,333	4,177	SH		DFND	2	4,043	0	134
Broadridge Financial Solutions	CS	11133T103	2,031,322	11,345	SH		DFND	2	11,158	0	187
Cal Maine Foods Inc	CS	128030202	3,860,914	79,738	SH		DFND	2	79,738	0	0
Calavo Growers Inc	CS	128246105	1,353,564	53,649	SH		DFND	2	53,649	0	0
Camden National Corp	CS	133034108	2,896,585	102,643	SH		DFND	2	102,643	0	0
Canadian Imperial Bank of Com	CS	136069101	3,443,742	89,193	SH		DFND	2	86,143	0	3,050
CareTrust REIT Inc	CS	14174t107	1,709,966	83,413	SH		DFND	2	83,413	0	0
Carter's Inc	CS	146229109	2,660,961	38,481	SH		DFND	2	38,481	0	0
Casey's General Stores Inc	CS	147528103	2,166,187	7,978	SH		DFND	2	7,846	0	132
Cathay General Bancorp	CS	149150104	3,585,494	103,150	SH		DFND	2	103,150	0	0
CBRE Group Inc	CS	12504L109	1,595,376	21,600	SH		DFND	2	21,242	0	358
Centerpoint Energy Inc	CS	15189T107	1,792,748	66,769	SH		DFND	2	65,662	0	1,107
Chevron Corp	CS	166764100	10,861,313	64,413	SH		DFND	2	58,890	0	5,523
Church & Dwight Inc	CS	171340102	410,319	4,478	SH		DFND	2	2,738	0	1,740
Cisco Systems Inc	CS	17275R102	8,366,017	155,618	SH		DFND	2	143,026	0	12,592
CMS Energy Corp	CS	125896100	1,859,912	35,020	SH		DFND	2	34,439	0	581
Cognizant Technology Solutions	CS	192446102	1,455,559	21,487	SH		DFND	2	16,448	0	5,039
Conagra Brands	CS	205887102	1,703,467	62,125	SH		DFND	2	61,096	0	1,029
Corning Inc	CS	219350105	1,740,081	57,108	SH		DFND	2	56,160	0	948
Cousins Properties Inc	CS	222795502	2,120,497	104,099	SH		DFND	2	104,099	0	0
CSG Systems International Inc	CS	126349109	4,382,262	85,725	SH		DFND	2	85,725	0	0
Cummins Inc	CS	231021106	504,668	2,209	SH		DFND	2	1,716	0	493
Curtiss Wright Corp	CS	231561101	2,084,829	10,657	SH		DFND	2	10,481	0	176
Diamond Hill Investment Group	CS	25264R207	3,964,261	23,517	SH		DFND	2	23,517	0	0
Digital Realty Trust Inc	CS	253868103	6,926,197	57,232	SH		DFND	2	53,495	0	3,737
Donaldson Inc	CS	257651109	1,580,877	26,507	SH		DFND	2	21,934	0	4,573
Dover Corp	CS	260003108	1,756,291	12,589	SH		DFND	2	12,380	0	209
Dril-Quip Inc	CS	262037104	1,928,800	68,470	SH		DFND	2	68,470	0	0
Duke Energy Corp	CS	26441c204	7,440,141	84,298	SH		DFND	2	77,660	0	6,638
Eagle Materials Inc	CS	26969p108	1,754,788	10,538	SH		DFND	2	10,364	0	174
Eastman Chemical Co	CS	277432100	1,746,991	22,771	SH		DFND	2	22,393	0	378
Elevance Health Inc	CS	036752103	505,087	1,160	SH		DFND	2	692	0	468
Eli Lilly & Co	CS	532457108	467,303	870	SH		DFND	2	870	0	0
Emerson Electric Co	CS	291011104	625,580	6,478	SH		DFND	2	4,490	0	1,988
Employers Holdings	CS	292218104	4,555,698	114,035	SH		DFND	2	114,035	0	0
Encompass Health Corp	CS	29261A100	4,107,007	61,153	SH		DFND	2	55,994	0	5,159
EOG Resources Inc	CS	26875P101	4,261,418	33,618	SH		DFND	2	32,526	0	1,092
Equity Commonwealth	CS	294628102	3,937,628	214,351	SH		DFND	2	214,351	0	0
Essex Property Trust Inc	CS	297178105	4,194,504	19,777	SH		DFND	2	19,115	0	662
Eversource Energy	CS	30040w108	4,447,138	76,477	SH		DFND	2	73,872	0	2,605
FactSet Research Systems Inc	CS	303075105	437,260	1,000	SH		DFND	2	611	0	389
Fastenal Co	CS	311900104	5,884,115	107,689	SH		DFND	2	101,113	0	6,576
Federated Hermes Inc	CS	314211103	2,942,930	86,889	SH		DFND	2	86,889	0	0
Fifth Third Bancorp	CS	316773100	1,777,026	70,155	SH		DFND	2	68,994	0	1,161
Fiserv	CS	337738108	1,119,772	9,913	SH		DFND	2	8,160	0	1,753
Flowers Foods Inc	CS	343498101	4,913,049	221,508	SH		DFND	2	204,981	0	16,527
Fox Factory Holding Corp	CS	35138V102	1,958,118	19,763	SH		DFND	2	18,068	0	1,695
Fresh Del Monte Produce Inc	CS	G36738105	3,601,812	139,389	SH		DFND	2	139,389	0	0
FTI Consulting Inc	CS	302941109	1,618,714	9,073	SH		DFND	2	8,924	0	149
Genuine Parts Co	CS	372460105	1,646,798	11,406	SH		DFND	2	11,241	0	165
Getty Realty Corp	CS	374297109	1,760,328	63,481	SH		DFND	2	63,481	0	0
Globe Life	CS	37959e102	4,295,857	39,509	SH		DFND	2	35,890	0	3,619
Great Southern Bancorp Inc	CS	390905107	2,682,370	55,976	SH		DFND	2	55,976	0	0
Haemonetics Corp	CS	405024100	1,020,406	11,391	SH		DFND	2	11,391	0	0
HCA Holdings Inc	CS	40412C101	481,875	1,959	SH		DFND	2	1,188	0	771
Heartland Express Inc	CS	422347104	4,817,541	327,947	SH		DFND	2	327,947	0	0
Hershey Co/The	CS	427866108	1,866,433	9,328	SH		DFND	2	7,176	0	2,152
Home Depot Inc	CS	437076102	5,844,983	19,344	SH		DFND	2	18,329	0	1,015
Hubbell Inc	CS	443510607	2,197,944	7,013	SH		DFND	2	6,897	0	116
Humana Inc	CS	444859102	1,909,104	3,924	SH		DFND	2	3,238	0	686
Independent Bank Corp Mass	CS	453836108	2,681,738	54,629	SH		DFND	2	54,629	0	0
ITT Inc	CS	45073v108	2,136,005	21,816	SH		DFND	2	21,455	0	361
Jazz Pharmaceuticals Inc	CS	G50871105	2,171,744	16,778	SH		DFND	2	16,501	0	277
Johnson & Johnson	CS	478160104	9,696,182	62,255	SH		DFND	2	56,812	0	5,443
Johnson Outdoors Inc	CS	479167108	1,862,249	34,051	SH		DFND	2	34,051	0	0
JP Morgan Chase & Co	CS	46625H100	7,510,296	51,788	SH		DFND	2	46,781	0	5,007
Kimberly Clark Corp	CS	494368103	7,840,571	64,879	SH		DFND	2	59,739	0	5,140
Kinder Morgan Inc	CS	49456B101	6,880,186	414,969	SH		DFND	2	382,140	0	32,829
Lamar Advertising Co	CS	512816109	4,493,858	53,838	SH		DFND	2	52,050	0	1,788
Linde	CS	g54950103	1,898,600	5,099	SH		DFND	2	4,197	0	902
Littelfuse Inc	CS	537008104	1,463,392	5,917	SH		DFND	2	5,819	0	98
LKQ Corp	CS	501889208	466,780	9,428	SH		DFND	2	5,602	0	3,826
Lockheed Martin Corp	CS	539830109	2,967,823	7,257	SH		DFND	2	7,023	0	234
Lowe's Companies Inc	CS	548661107	1,673,528	8,052	SH		DFND	2	6,627	0	1,425
Malibu Boats Inc	CS	56117J100	570,789	11,644	SH		DFND	2	11,644	0	0
Masco Corp	CS	574599106	1,753,908	32,814	SH		DFND	2	32,270	0	544
Maximus Inc	CS	577933104	1,875,215	25,110	SH		DFND	2	25,110	0	0
McKesson Corp	CS	58155Q103	2,404,937	5,530	SH		DFND	2	4,543	0	987
Merck & Co Inc	CS	58933Y105	4,371,257	42,460	SH		DFND	2	41,078	0	1,382
Metlife Inc	CS	59156R108	442,131	7,028	SH		DFND	2	5,475	0	1,553
Microsoft Corp	CS	594918104	1,180,155	3,738	SH		DFND	2	3,221	0	517
MSC Industrial Direct	CS	553530106	2,080,878	21,201	SH		DFND	2	20,850	0	351
National Healthcare Corp	CS	635906100	4,192,609	65,530	SH		DFND	2	65,530	0	0
Nelnet Inc	CS	64031N108	2,822,601	31,601	SH		DFND	2	31,601	0	0
Nextera Energy Inc	CS	65339F101	263,534	4,600	SH		DFND	2	4,600	0	0
NextGen Healthcare Inc	CS	65343c102	3,697,181	155,802	SH		DFND	2	155,802	0	0
Northwest Natural Holding Co	CS	66765N105	2,696,920	70,674	SH		DFND	2	70,674	0	0
Northwestern Energy Group, Inc	CS	668074305	3,131,734	65,163	SH		DFND	2	65,163	0	0
nVent Electric	CS	g6700g107	2,026,179	38,237	SH		DFND	2	37,604	0	633
OGE Energy Corp	CS	670837103	2,207,613	66,235	SH		DFND	2	65,141	0	1,094
Omnicom Group	CS	681919106	4,898,758	65,773	SH		DFND	2	62,664	0	3,109
One Gas Inc	CS	68235p108	3,403,895	49,852	SH		DFND	2	49,852	0	0
Open Lending Corp	CS	68373J104	514,647	70,307	SH		DFND	2	70,307	0	0
Packaging Corp of America	CS	695156109	5,895,245	38,393	SH		DFND	2	36,256	0	2,137
Parker Hannifin Corp	CS	701094104	258,252	663	SH		DFND	2	400	0	263
Patterson Companies Inc	CS	703395103	3,594,176	121,261	SH		DFND	2	121,261	0	0
Paychex Inc	CS	704326107	3,303,650	28,645	SH		DFND	2	27,676	0	969
PepsiCo Inc	CS	713448108	5,182,222	30,584	SH		DFND	2	27,698	0	2,886
Perrigo Co plc	CS	g97822103	1,080,102	33,806	SH		DFND	2	33,806	0	0
Pfizer Inc	CS	717081103	5,098,563	153,710	SH		DFND	2	139,220	0	14,490
Philip Morris International	CS	718172109	4,673,994	50,486	SH		DFND	2	48,830	0	1,656
Physicians Realty Trust	CS	71943u104	4,056,808	332,798	SH		DFND	2	332,798	0	0
Pilgrim's Pride Corp	CS	72147K108	2,019,199	88,445	SH		DFND	2	86,979	0	1,466
Pioneer Nat Res Co	CS	723787107	2,399,716	10,454	SH		DFND	2	10,280	0	174
PJT Partners Inc	CS	69343t107	5,930,911	74,659	SH		DFND	2	71,695	0	2,964
PNC Financial Services Group	CS	693475105	5,391,003	43,911	SH		DFND	2	40,013	0	3,898
Portland General Electric Co	CS	736508847	2,472,033	61,068	SH		DFND	2	61,068	0	0
Prestige Consumer Healthcare I	CS	74112D101	3,243,302	56,711	SH		DFND	2	56,711	0	0
Principal Financial Group Inc	CS	74251V102	4,679,291	64,927	SH		DFND	2	60,925	0	4,002
Prosperity Bancshares Inc	CS	743606105	993,574	18,204	SH		DFND	2	14,954	0	3,250
Prudential Financial Inc	CS	744320102	4,793,748	50,519	SH		DFND	2	48,844	0	1,675
Public Storage	CS	74460D109	1,645,419	6,244	SH		DFND	2	4,847	0	1,397
PulteGroup Inc	CS	745867101	1,787,567	24,140	SH		DFND	2	23,741	0	399
QCR Holdings Inc	CS	74727a104	3,541,766	72,996	SH		DFND	2	72,996	0	0
Quest Diagnostics Inc	CS	74834L100	1,417,963	11,636	SH		DFND	2	11,443	0	193
Raymond James Financial Inc	CS	754730109	2,302,559	22,927	SH		DFND	2	22,543	0	384
Regal Rexnord Corp	CS	758750103	2,131,899	14,921	SH		DFND	2	13,323	0	1,598
Regency Centers Corp	CS	758849103	1,606,663	27,030	SH		DFND	2	26,585	0	445
Regions Financial Corp	CS	7591EP100	1,595,266	92,748	SH		DFND	2	91,210	0	1,538
Reinsurance Group Of America	CS	759351604	2,067,651	14,241	SH		DFND	2	14,004	0	237
Republic Services Inc	CS	760759100	1,892,105	13,277	SH		DFND	2	13,055	0	222
RPM Intl Inc	CS	749685103	296,376	3,126	SH		DFND	2	1,891	0	1,235
S & T Bancorp Inc	CS	783859101	2,507,581	92,599	SH		DFND	2	92,599	0	0
Safety Insurance Group Inc	CS	78648T100	2,714,508	39,808	SH		DFND	2	39,808	0	0
Seaboard Corp	CS	811543107	5,055,291	1,347	SH		DFND	2	1,347	0	0
Silgan Holdings Inc	CS	827048109	4,007,807	92,967	SH		DFND	2	92,967	0	0
Skechers USA Inc	CS	830566105	1,720,446	35,147	SH		DFND	2	34,564	0	583
Southern Co/The	CS	842587107	236,681	3,657	SH		DFND	2	2,465	0	1,192
SpartanNash Co	CS	847215100	1,420,100	64,550	SH		DFND	2	64,550	0	0
Spire Inc	CS	84857L101	4,549,371	80,406	SH		DFND	2	80,406	0	0
SS&C Technologies Holdings	CS	78467J100	1,644,292	31,296	SH		DFND	2	30,778	0	518
SSR Mining Inc	CS	784730103	1,510,634	113,667	SH		DFND	2	113,667	0	0
Stag Industrial Inc	CS	85254J102	1,821,990	52,796	SH		DFND	2	51,921	0	875
Standard Motor Products Inc	CS	853666105	4,447,455	132,286	SH		DFND	2	125,344	0	6,942
Stanley Black & Decker Inc	CS	854502101	2,767,334	33,110	SH		DFND	2	30,133	0	2,977
Stepan Co	CS	858586100	2,756,722	36,771	SH		DFND	2	36,771	0	0
Sysco Corp	CS	871829107	1,976,612	29,926	SH		DFND	2	28,897	0	1,029
T Rowe Price Group Inc	CS	74144T108	6,374,838	60,788	SH		DFND	2	57,311	0	3,477
Take-Two Interactive Software	CS	874054109	1,747,855	12,450	SH		DFND	2	12,243	0	207
TEGNA Inc	CS	87901J105	4,466,914	306,583	SH		DFND	2	306,583	0	0
Texas Instruments Inc	CS	882508104	6,665,063	41,916	SH		DFND	2	38,678	0	3,238
Treehouse Foods Inc	CS	89469A104	918,143	21,068	SH		DFND	2	21,068	0	0
Union Pacific Corp	CS	907818108	5,390,493	26,472	SH		DFND	2	24,761	0	1,711
United Parcel Service Inc	CS	911312106	6,615,746	42,444	SH		DFND	2	39,268	0	3,176
Universal Health Rlty Income	CS	91359E105	1,666,039	41,208	SH		DFND	2	41,208	0	0
US Foods Holding Corp	CS	912008109	1,458,221	36,731	SH		DFND	2	36,122	0	609
Verizon Communications Inc	CS	92343V104	7,166,917	221,133	SH		DFND	2	203,413	0	17,720
Viavi Solutions Inc	CS	925550105	1,340,445	146,657	SH		DFND	2	146,657	0	0
Visa Inc	CS	92826C839	336,275	1,462	SH		DFND	2	882	0	580
Vishay Intertechnology Inc	CS	928298108	828,466	33,514	SH		DFND	2	27,698	0	5,816
WaFd Inc	CS	938824109	2,171,551	84,760	SH		DFND	2	84,760	0	0
Waters Corp	CS	941848103	360,312	1,314	SH		DFND	2	789	0	525
Waterstone Financial Inc	CS	94188P101	1,630,926	148,943	SH		DFND	2	148,943	0	0
WEC Energy Group Inc	CS	92939U106	7,245,913	89,955	SH		DFND	2	82,040	0	7,915
Welltower Inc	CS	95040q104	1,904,722	23,251	SH		DFND	2	22,866	0	385
Wendy's Company/The	CS	95058W100	3,709,375	181,743	SH		DFND	2	181,743	0	0
Werner Enterprises Inc	CS	950755108	3,112,222	79,903	SH		DFND	2	79,903	0	0
White Mountains Insurance Grou	CS	G9618E107	3,114,027	2,082	SH		DFND	2	2,082	0	0
World Kinect Corp	CS	981475106	1,642,930	73,247	SH		DFND	2	73,247	0	0
WR Berkley Corp	CS	084423102	2,196,944	34,603	SH		DFND	2	34,026	0	577
Xcel Energy Inc	CS	98389B100	4,550,306	79,523	SH		DFND	2	74,345	0	5,178
Zimmer Biomet Holdings Inc	CS	98956P102	1,506,217	13,422	SH		DFND	2	13,200	0	222
BlackRock Floating Rate Income	EF	091941104	2,348,794	194,759	SH		DFND	2	194,759	0	0
iShares National Muni Bond	EF	464288414	1,907,449	18,602	SH		DFND	2	15,112	0	3,490
iShares Short Term Natinal	EF	464288158	684,019	6,650	SH		DFND	2	6,650	0	0
Schwab Short-Term US Treasury	EF	808524862	8,694,537	181,552	SH		DFND	2	169,031	0	12,521
SPDR Bloomberg Barclays Invest	EF	78468r200	8,478,853	276,004	SH		DFND	2	256,313	0	19,691
VanEck Vectors Short H/Y Muni	EF	92189f387	886,420	41,000	SH		DFND	2	41,000	0	0