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
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
1st Source Corp	CS	336901103	4,166,918	79,491	SH		DFND	2	79,491	0	0
Addus Homecare Corp	CS	006739106	3,652,759	35,347	SH		DFND	2	35,347	0	0
Advance Auto Parts Inc	CS	00751Y106	2,993,892	35,185	SH		DFND	2	35,185	0	0
Aflac Inc	CS	001055102	1,359,336	15,832	SH		DFND	2	13,281	0	2,551
Air Products & Chemicals Inc	CS	009158106	4,407,376	18,192	SH		DFND	2	17,161	0	1,031
Air Transport Services Group	CS	00922R105	1,313,447	95,454	SH		DFND	2	95,454	0	0
Alliant Energy Corp	CS	018802108	8,486,806	168,389	SH		DFND	2	154,760	0	13,629
Alphabet Inc - A	CS	02079k305	380,495	2,521	SH		DFND	2	1,407	0	1,114
Altria Group Inc	CS	02209S103	8,608,813	197,359	SH		DFND	2	185,063	0	12,296
Amdocs Ltd	CS	G02602103	347,473	3,845	SH		DFND	2	2,089	0	1,756
Ameren Corp	CS	023608102	1,820,230	24,611	SH		DFND	2	24,254	0	357
American Electric Power	CS	025537101	4,531,787	52,634	SH		DFND	2	48,925	0	3,709
American States Water Co	CS	029899101	4,577,415	63,364	SH		DFND	2	63,364	0	0
American Tower Corp	CS	03027x100	4,422,855	22,384	SH		DFND	2	20,998	0	1,386
Ameriprise Financial Inc	CS	03076C106	2,850,298	6,501	SH		DFND	2	6,417	0	84
Amgen Inc	CS	031162100	4,881,774	17,170	SH		DFND	2	15,740	0	1,430
AMN Healthcare Services Inc	CS	001744101	2,056,892	32,905	SH		DFND	2	32,905	0	0
Argan Inc	CS	04010e109	5,021,806	99,363	SH		DFND	2	99,363	0	0
Arrow Electronics Inc	CS	042735100	2,422,197	18,710	SH		DFND	2	18,439	0	271
Assurant Inc	CS	04621X108	2,813,059	14,944	SH		DFND	2	14,728	0	216
Astec Industries Inc	CS	046224101	2,584,616	59,131	SH		DFND	2	59,131	0	0
Atmos Energy Corp	CS	049560105	2,117,312	17,812	SH		DFND	2	17,555	0	257
AutoZone Inc	CS	053332102	4,683,352	1,486	SH		DFND	2	1,300	0	186
Avalonbay Communities Inc	CS	053484101	2,049,325	11,044	SH		DFND	2	10,883	0	161
Avery Dennison Corp	CS	053611109	2,653,773	11,887	SH		DFND	2	11,714	0	173
Avista Corp	CS	05379B107	6,406,069	182,926	SH		DFND	2	182,926	0	0
AZZ Inc	CS	002474104	3,425,297	44,306	SH		DFND	2	44,306	0	0
Baker Hughes Co	CS	05722G100	2,093,147	62,482	SH		DFND	2	61,576	0	906
Bank of NY Mellon	CS	064058100	4,206,260	73,000	SH		DFND	2	68,196	0	4,804
BCE Inc	CS	05534B760	4,479,889	131,839	SH		DFND	2	127,251	0	4,588
Benchmark Electronics Inc	CS	08160H101	4,233,301	141,063	SH		DFND	2	141,063	0	0
Berkshire Hathaway Inc - B	CS	084670702	2,843,556	6,762	SH		DFND	2	5,342	0	1,420
BJ's Wholesale Club Holdings	CS	05550J101	1,849,416	24,447	SH		DFND	2	24,092	0	355
BlackRock Inc	CS	09247X101	6,872,356	8,243	SH		DFND	2	7,469	0	774
BorgWarner Inc	CS	099724106	2,543,975	73,229	SH		DFND	2	72,170	0	1,059
Brady Corp	CS	104674106	4,663,913	78,676	SH		DFND	2	78,676	0	0
Bristol Myers Squibb Co	CS	110122108	4,740,299	87,411	SH		DFND	2	79,276	0	8,135
Broadcom Inc	CS	11135f101	494,378	373	SH		DFND	2	373	0	0
Broadridge Financial Solutions	CS	11133T103	2,054,746	10,030	SH		DFND	2	9,884	0	146
Cal Maine Foods Inc	CS	128030202	5,435,327	92,359	SH		DFND	2	92,359	0	0
Calavo Growers Inc	CS	128246105	1,141,545	41,048	SH		DFND	2	41,048	0	0
Camden National Corp	CS	133034108	2,577,219	76,886	SH		DFND	2	76,886	0	0
Canadian Imperial Bank of Comm	CS	136069101	4,385,099	86,457	SH		DFND	2	83,407	0	3,050
CareTrust REIT Inc	CS	14174t107	3,965,681	162,728	SH		DFND	2	162,728	0	0
Carter's Inc	CS	146229109	4,331,213	51,148	SH		DFND	2	51,148	0	0
Casey's General Stores Inc	CS	147528103	2,144,761	6,735	SH		DFND	2	6,638	0	97
Cathay General Bancorp	CS	149150104	2,452,519	64,830	SH		DFND	2	64,830	0	0
CBRE Group Inc	CS	12504L109	2,540,687	26,128	SH		DFND	2	25,749	0	379
Centerpoint Energy Inc	CS	15189T107	2,028,061	71,185	SH		DFND	2	70,153	0	1,032
Chevron Corp	CS	166764100	9,613,215	60,943	SH		DFND	2	55,915	0	5,028
Church & Dwight Inc	CS	171340102	405,870	3,891	SH		DFND	2	2,187	0	1,704
Cisco Systems Inc	CS	17275R102	7,368,774	147,641	SH		DFND	2	136,145	0	11,496
Cognizant Technology Solutions	CS	192446102	1,361,948	18,583	SH		DFND	2	14,231	0	4,352
Columbia Sportswear Co Com	CS	198516106	4,720,779	58,152	SH		DFND	2	58,152	0	0
Conagra Brands	CS	205887102	2,230,855	75,265	SH		DFND	2	74,173	0	1,092
Cousins Properties Inc	CS	222795502	1,491,946	62,061	SH		DFND	2	62,061	0	0
CSG Systems International Inc	CS	126349109	4,542,014	88,126	SH		DFND	2	88,126	0	0
Cummins Inc	CS	231021106	605,211	2,054	SH		DFND	2	1,569	0	485
Curtiss Wright Corp	CS	231561101	2,163,717	8,454	SH		DFND	2	8,332	0	122
Diamond Hill Investment Group	CS	25264R207	3,583,990	23,247	SH		DFND	2	23,247	0	0
Digital Realty Trust Inc	CS	253868103	6,121,890	42,501	SH		DFND	2	39,656	0	2,845
Donaldson Inc	CS	257651109	1,706,961	22,857	SH		DFND	2	19,185	0	3,672
Dover Corp	CS	260003108	2,720,930	15,356	SH		DFND	2	15,130	0	226
Dril-Quip Inc	CS	262037104	880,788	39,094	SH		DFND	2	39,094	0	0
Duke Energy Corp	CS	26441c204	8,964,630	92,696	SH		DFND	2	85,692	0	7,004
Eagle Materials Inc	CS	26969p108	3,046,861	11,212	SH		DFND	2	11,050	0	162
Elevance Health Inc	CS	036752103	523,207	1,009	SH		DFND	2	549	0	460
Eli Lilly & Co	CS	532457108	676,825	870	SH		DFND	2	870	0	0
Emerson Electric Co	CS	291011104	652,052	5,749	SH		DFND	2	3,805	0	1,944
Employers Holdings	CS	292218104	5,500,996	121,194	SH		DFND	2	121,194	0	0
Encompass Health Corp	CS	29261A100	4,943,156	59,859	SH		DFND	2	55,744	0	4,115
Entergy Corp	CS	29364G103	2,618,750	24,780	SH		DFND	2	24,421	0	359
EOG Resources Inc	CS	26875P101	7,169,012	56,078	SH		DFND	2	53,142	0	2,936
Essex Property Trust Inc	CS	297178105	4,711,124	19,244	SH		DFND	2	18,582	0	662
FactSet Research Systems Inc	CS	303075105	394,411	868	SH		DFND	2	487	0	381
Fastenal Co	CS	311900104	6,924,687	89,768	SH		DFND	2	83,731	0	6,037
Federated Hermes Inc	CS	314211103	4,806,922	133,082	SH		DFND	2	133,082	0	0
Fiserv	CS	337738108	1,365,502	8,544	SH		DFND	2	7,169	0	1,375
Flowers Foods Inc	CS	343498101	3,608,125	151,921	SH		DFND	2	146,650	0	5,271
Fresh Del Monte Produce Inc	CS	G36738105	4,288,027	165,497	SH		DFND	2	165,497	0	0
Gates Indusrial Corp PLC	CS	g39108108	1,835,447	103,639	SH		DFND	2	102,138	0	1,501
Genuine Parts Co	CS	372460105	2,193,499	14,158	SH		DFND	2	13,977	0	181
Getty Realty Corp	CS	374297109	2,869,124	104,904	SH		DFND	2	104,904	0	0
Global Payments Inc	CS	37940X102	2,432,879	18,202	SH		DFND	2	17,939	0	263
Globe Life	CS	37959e102	3,627,020	31,168	SH		DFND	2	28,965	0	2,203
Great Southern Bancorp Inc	CS	390905107	3,295,066	60,107	SH		DFND	2	60,107	0	0
Haemonetics Corp	CS	405024100	1,863,020	21,828	SH		DFND	2	21,828	0	0
Hartford Financial Services Gr	CS	416515104	2,832,226	27,484	SH		DFND	2	27,085	0	399
Hasbro Inc	CS	418056107	1,281,478	22,673	SH		DFND	2	22,345	0	328
HCA Holdings Inc	CS	40412C101	452,267	1,356	SH		DFND	2	753	0	603
Heartland Express Inc	CS	422347104	5,362,123	449,089	SH		DFND	2	449,089	0	0
Hershey Co/The	CS	427866108	7,629,262	39,225	SH		DFND	2	35,881	0	3,344
Home Depot Inc	CS	437076102	5,963,829	15,547	SH		DFND	2	14,763	0	784
Hubbell Inc	CS	443510607	2,487,395	5,993	SH		DFND	2	5,904	0	89
Humana Inc	CS	444859102	1,167,753	3,368	SH		DFND	2	2,835	0	533
Independent Bank Corp	CS	453836108	1,965,888	37,791	SH		DFND	2	37,791	0	0
International Flavors & Fragra	CS	459506101	3,711,328	43,160	SH		DFND	2	40,602	0	2,558
ITT Inc	CS	45073v108	2,832,825	20,825	SH		DFND	2	20,520	0	305
Jazz Pharmaceuticals Inc	CS	G50871105	2,152,387	17,874	SH		DFND	2	17,610	0	264
Johnson & Johnson	CS	478160104	9,304,592	58,819	SH		DFND	2	53,969	0	4,850
Johnson Outdoors Inc	CS	479167108	1,697,447	36,813	SH		DFND	2	36,813	0	0
JP Morgan Chase & Co	CS	46625H100	9,360,219	46,731	SH		DFND	2	42,588	0	4,143
Kimberly Clark Corp	CS	494368103	8,455,938	65,373	SH		DFND	2	59,940	0	5,433
Kinder Morgan Inc	CS	49456B101	7,210,206	393,141	SH		DFND	2	364,079	0	29,062
L3Harris Technologies Inc	CS	502431109	3,950,661	18,539	SH		DFND	2	17,435	0	1,104
Lamar Advertising Co	CS	512816109	6,345,447	53,140	SH		DFND	2	51,356	0	1,784
Leggett & Platt Inc	CS	524660107	2,944,676	153,769	SH		DFND	2	153,769	0	0
Linde	CS	g54950103	2,046,258	4,407	SH		DFND	2	3,700	0	707
Littelfuse Inc	CS	537008104	1,945,343	8,027	SH		DFND	2	7,907	0	120
LKQ Corp	CS	501889208	435,345	8,151	SH		DFND	2	4,395	0	3,756
Lockheed Martin Corp	CS	539830109	4,783,868	10,517	SH		DFND	2	10,156	0	361
Lowe's Companies Inc	CS	548661107	1,216,590	4,776	SH		DFND	2	4,014	0	762
Malibu Boats Inc	CS	56117J100	2,030,351	46,912	SH		DFND	2	46,912	0	0
Maximus Inc	CS	577933104	4,113,617	49,030	SH		DFND	2	49,030	0	0
McKesson Corp	CS	58155Q103	1,415,137	2,636	SH		DFND	2	2,196	0	440
Merck & Co Inc	CS	58933Y105	5,509,440	41,754	SH		DFND	2	40,375	0	1,379
Metlife Inc	CS	59156R108	483,568	6,525	SH		DFND	2	4,998	0	1,527
Microsoft Corp	CS	594918104	1,419,089	3,373	SH		DFND	2	2,969	0	404
MSC Industrial Direct	CS	553530106	1,931,678	19,906	SH		DFND	2	19,613	0	293
Nelnet Inc	CS	64031N108	3,808,243	40,235	SH		DFND	2	40,235	0	0
Nextera Energy Inc	CS	65339F101	318,527	4,984	SH		DFND	2	4,984	0	0
Northwest Natural Holding Co	CS	66765N105	4,995,743	134,222	SH		DFND	2	134,222	0	0
Northwestern Energy Group Inc	CS	668074305	6,595,333	129,498	SH		DFND	2	129,498	0	0
OGE Energy Corp	CS	670837103	2,409,095	70,236	SH		DFND	2	69,216	0	1,020
Omnicom Group	CS	681919106	6,267,900	64,778	SH		DFND	2	61,713	0	3,065
One Gas Inc	CS	68235p108	5,013,916	77,699	SH		DFND	2	77,699	0	0
Open Lending Corp	CS	68373J104	604,678	96,594	SH		DFND	2	96,594	0	0
Ovintiv Inc	CS	69047q102	1,052,636	20,282	SH		DFND	2	16,992	0	3,290
Packaging Corp of America	CS	695156109	3,979,497	20,969	SH		DFND	2	19,417	0	1,552
Parker Hannifin Corp	CS	701094104	323,470	582	SH		DFND	2	321	0	261
Patterson Companies Inc	CS	703395103	2,900,596	104,904	SH		DFND	2	104,904	0	0
Paychex Inc	CS	704326107	3,429,090	27,924	SH		DFND	2	26,957	0	967
PepsiCo Inc	CS	713448108	5,714,617	32,653	SH		DFND	2	29,303	0	3,350
Perrigo Co plc	CS	G97822103	1,782,779	55,383	SH		DFND	2	55,383	0	0
Pfizer Inc	CS	717081103	4,019,965	144,864	SH		DFND	2	136,144	0	8,720
Philip Morris International	CS	718172109	4,507,887	49,202	SH		DFND	2	47,550	0	1,652
Pilgrim's Pride Corp	CS	72147K108	4,090,017	119,173	SH		DFND	2	117,434	0	1,739
Pioneer Nat Res Co	CS	723787107	2,921,362	11,129	SH		DFND	2	10,964	0	165
PJT Partners Inc	CS	69343t107	7,190,436	76,283	SH		DFND	2	74,271	0	2,012
PNC Financial Services Group	CS	693475105	7,040,912	43,570	SH		DFND	2	39,759	0	3,811
Portland General Electric Co	CS	736508847	4,405,842	104,901	SH		DFND	2	104,901	0	0
Prestige Consumer Healthcare I	CS	74112D101	6,666,087	91,870	SH		DFND	2	91,870	0	0
Principal Financial Group Inc	CS	74251V102	5,383,416	62,373	SH		DFND	2	58,414	0	3,959
PROG Holdings	CS	74319R101	2,608,692	75,746	SH		DFND	2	75,746	0	0
Prosperity Bancshares Inc	CS	743606105	3,667,038	55,747	SH		DFND	2	52,113	0	3,634
Prudential Financial Inc	CS	744320102	5,728,768	48,797	SH		DFND	2	47,126	0	1,671
Public Storage	CS	74460D109	5,374,522	18,529	SH		DFND	2	16,795	0	1,734
PulteGroup Inc	CS	745867101	2,825,885	23,428	SH		DFND	2	23,089	0	339
QCR Holdings Inc	CS	74727a104	4,383,120	72,162	SH		DFND	2	72,162	0	0
Quest Diagnostics Inc	CS	74834L100	2,223,469	16,704	SH		DFND	2	16,465	0	239
Raymond James Financial Inc	CS	754730109	3,140,383	24,454	SH		DFND	2	24,100	0	354
Regal Rexnord Corp	CS	758750103	3,831,627	21,275	SH		DFND	2	19,648	0	1,627
Regency Centers Corp	CS	758849103	2,076,845	34,294	SH		DFND	2	33,798	0	496
Regions Financial Corp	CS	7591EP100	2,316,714	110,110	SH		DFND	2	108,524	0	1,586
Reinsurance Group Of America	CS	759351604	2,568,583	13,317	SH		DFND	2	13,124	0	193
Republic Services Inc	CS	760759100	2,422,099	12,652	SH		DFND	2	12,470	0	182
RPM Intl Inc	CS	749685103	325,090	2,733	SH		DFND	2	1,518	0	1,215
S&T Bancorp Inc	CS	783859101	2,926,306	91,219	SH		DFND	2	91,219	0	0
Safety Insurance Group Inc	CS	78648T100	3,869,094	47,075	SH		DFND	2	47,075	0	0
Schein Henry Inc	CS	806407102	1,174,865	15,557	SH		DFND	2	12,996	0	2,561
Seaboard Corp	CS	811543107	5,251,766	1,629	SH		DFND	2	1,629	0	0
Silgan Holdings Inc	CS	827048109	6,256,956	128,850	SH		DFND	2	128,850	0	0
Skechers USA Inc	CS	830566105	1,915,478	31,268	SH		DFND	2	30,815	0	453
Sonoco Products	CS	835495102	2,935,206	50,747	SH		DFND	2	49,042	0	1,705
Southern Co/The	CS	842587107	235,738	3,286	SH		DFND	2	2,113	0	1,173
SpartanNash Co	CS	847215100	2,393,369	118,425	SH		DFND	2	118,425	0	0
Spectrum Brands Holdings Inc	CS	84790a105	1,971,839	22,153	SH		DFND	2	22,153	0	0
Spire Inc	CS	84857L101	7,237,548	117,933	SH		DFND	2	117,933	0	0
SS&C Technologies Holdings	CS	78467J100	2,506,568	38,940	SH		DFND	2	38,376	0	564
Stag Industrial Inc	CS	85254J102	2,493,872	64,877	SH		DFND	2	63,938	0	939
Standard Motor Products Inc	CS	853666105	4,496,170	134,014	SH		DFND	2	127,115	0	6,899
Stanley Black & Decker Inc	CS	854502101	3,434,797	35,074	SH		DFND	2	32,600	0	2,474
Stepan Co	CS	858586100	3,886,667	43,166	SH		DFND	2	43,166	0	0
Sysco Corp	CS	871829107	2,368,670	29,178	SH		DFND	2	28,149	0	1,029
T Rowe Price Group Inc	CS	74144T108	7,107,936	58,300	SH		DFND	2	54,849	0	3,451
Take-Two Interactive Software	CS	874054109	1,987,984	13,388	SH		DFND	2	13,194	0	194
TEGNA Inc	CS	87901J105	4,777,125	319,754	SH		DFND	2	319,754	0	0
Texas Instruments Inc	CS	882508104	8,346,924	47,913	SH		DFND	2	44,002	0	3,911
Treehouse Foods Inc	CS	89469A104	1,985,866	50,985	SH		DFND	2	50,985	0	0
Union Pacific Corp	CS	907818108	4,386,653	17,837	SH		DFND	2	16,599	0	1,238
United Parcel Service Inc	CS	911312106	6,274,713	42,217	SH		DFND	2	38,999	0	3,218
Universal Health Realty Income	CS	91359E105	1,441,124	39,257	SH		DFND	2	39,257	0	0
US Foods Holding Corp	CS	912008109	2,347,317	43,493	SH		DFND	2	42,861	0	632
Verizon Communications Inc	CS	92343V104	8,814,486	210,069	SH		DFND	2	192,596	0	17,473
Verra Mobility Corp	CS	92511U102	1,484,641	59,457	SH		DFND	2	59,457	0	0
Viavi Solutions Inc	CS	925550105	1,870,140	205,736	SH		DFND	2	205,736	0	0
Visa Inc	CS	92826C839	356,664	1,278	SH		DFND	2	706	0	572
Vishay Intertechnology Inc	CS	928298108	2,436,127	107,413	SH		DFND	2	98,570	0	8,843
WaFd Inc	CS	938824109	2,392,740	82,423	SH		DFND	2	82,423	0	0
Waters Corp	CS	941848103	255,419	742	SH		DFND	2	413	0	329
Waterstone Financial Inc	CS	94188P101	1,885,291	154,913	SH		DFND	2	154,913	0	0
WEC Energy Group Inc	CS	92939U106	9,531,751	116,071	SH		DFND	2	106,019	0	10,052
Welltower Inc	CS	95040q104	2,119,032	22,678	SH		DFND	2	22,350	0	328
Wendy's Company/The	CS	95058W100	5,530,086	293,529	SH		DFND	2	293,529	0	0
Werner Enterprises Inc	CS	950755108	5,403,685	138,131	SH		DFND	2	138,131	0	0
White Mountains Insurance Grou	CS	G9618E107	4,675,946	2,606	SH		DFND	2	2,606	0	0
World Kinect Corp	CS	981475106	3,076,241	116,304	SH		DFND	2	116,304	0	0
WR Berkley Corp	CS	084423102	2,621,008	29,636	SH		DFND	2	29,210	0	426
Xcel Energy Inc	CS	98389B100	5,193,862	96,630	SH		DFND	2	90,822	0	5,808
Yum China Holdings Inc	CS	98850P109	1,588,258	39,916	SH		DFND	2	39,341	0	575
Zimmer Biomet Holdings Inc	CS	98956P102	1,943,669	14,727	SH		DFND	2	14,520	0	207
BlackRock Floating Rate Income	EF	091941104	1,820,341	140,242	SH		DFND	2	140,242	0	0
iShares National Muni Bond	EF	464288414	1,827,909	16,988	SH		DFND	2	13,933	0	3,055
iShares Russell 3000 Value Ind	EF	464287663	1,350,360	14,931	SH		DFND	2	14,931	0	0
iShares Short Term National	EF	464288158	696,454	6,650	SH		DFND	2	6,650	0	0
Schwab Short-Term US Treasury	EF	808524862	8,578,859	177,948	SH		DFND	2	166,415	0	11,533
SPDR Bloomberg Barclays Invest	EF	78468r200	8,316,394	269,750	SH		DFND	2	252,409	0	17,341
VanEck Vectors Short H/Y Muni	EF	92189f387	918,810	41,000	SH		DFND	2	41,000	0	0