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	4,189,718	76,246	SH		DFND	2	76,246	0	0
Addus Homecare Corp	CS	006739106	1,925,802	20,741	SH		DFND	2	20,741	0	0
Advance Auto Parts Inc	CS	00751Y106	1,157,617	18,968	SH		DFND	2	18,968	0	0
Aflac Inc	CS	001055102	2,229,262	27,021	SH		DFND	2	22,157	0	4,864
Air Products & Chemicals Inc	CS	009158106	4,053,883	14,806	SH		DFND	2	13,897	0	909
Air Transport Services Group	CS	00922R105	1,702,799	96,695	SH		DFND	2	96,695	0	0
Alliant Energy Corp	CS	018802108	8,041,737	156,759	SH		DFND	2	145,076	0	11,683
Alphabet Inc - A	CS	02079k305	391,691	2,804	SH		DFND	2	1,683	0	1,121
Altria Group Inc	CS	02209S103	6,027,010	149,405	SH		DFND	2	141,555	0	7,850
Amdocs Ltd	CS	G02602103	376,784	4,287	SH		DFND	2	2,506	0	1,781
Ameren Corp	CS	023608102	1,765,385	24,404	SH		DFND	2	24,047	0	357
American Electric Power	CS	025537101	3,394,184	41,790	SH		DFND	2	40,727	0	1,063
American States Water Co	CS	029899101	4,681,811	58,217	SH		DFND	2	58,217	0	0
American Tower Corp	CS	03027x100	4,674,018	21,651	SH		DFND	2	20,262	0	1,389
Ameriprise Financial Inc	CS	03076C106	2,434,330	6,409	SH		DFND	2	6,325	0	84
Amgen Inc	CS	031162100	6,922,273	24,034	SH		DFND	2	21,438	0	2,596
Argan Inc	CS	04010e109	4,073,303	87,055	SH		DFND	2	87,055	0	0
Arrow Electronics Inc	CS	042735100	2,270,549	18,573	SH		DFND	2	18,302	0	271
Assurant Inc	CS	04621X108	2,491,462	14,787	SH		DFND	2	14,571	0	216
Astec Industries Inc	CS	046224101	613,354	16,488	SH		DFND	2	16,488	0	0
Atmos Energy Corp	CS	049560105	2,042,622	17,624	SH		DFND	2	17,367	0	257
AutoZone Inc	CS	053332102	4,054,236	1,568	SH		DFND	2	1,360	0	208
Avalonbay Communities Inc	CS	053484101	2,059,046	10,998	SH		DFND	2	10,837	0	161
Avery Dennison Corp	CS	053611109	2,375,784	11,752	SH		DFND	2	11,589	0	163
Avista Corp	CS	05379B107	5,277,333	147,659	SH		DFND	2	147,659	0	0
AZZ Inc	CS	002474104	4,500,639	77,477	SH		DFND	2	77,477	0	0
Baker Hughes Co	CS	05722G100	2,121,963	62,082	SH		DFND	2	61,176	0	906
Bank of NY Mellon	CS	064058100	3,929,224	75,489	SH		DFND	2	69,564	0	5,925
BCE Inc	CS	05534B760	3,897,517	98,972	SH		DFND	2	97,983	0	989
Benchmark Electronics Inc	CS	08160H101	3,613,460	130,733	SH		DFND	2	130,733	0	0
Berkshire Hathaway Inc - B	CS	084670702	2,702,056	7,576	SH		DFND	2	5,933	0	1,643
BJ's Wholesale Club Holdings	CS	05550J101	1,617,238	24,261	SH		DFND	2	23,906	0	355
BlackRock Inc	CS	09247X101	7,359,605	9,066	SH		DFND	2	8,098	0	968
BorgWarner Inc	CS	099724106	2,112,210	58,918	SH		DFND	2	58,523	0	395
Brady Corp	CS	104674106	6,490,997	110,598	SH		DFND	2	110,598	0	0
Bristol Myers Squibb Co	CS	110122108	3,630,850	70,763	SH		DFND	2	64,581	0	6,182
Broadcom Inc	CS	11135f101	446,500	400	SH		DFND	2	400	0	0
Broadridge Financial Solutions	CS	11133T103	2,052,562	9,976	SH		DFND	2	9,830	0	146
Cal Maine Foods Inc	CS	128030202	4,727,846	82,381	SH		DFND	2	82,381	0	0
Calavo Growers Inc	CS	128246105	1,072,789	36,477	SH		DFND	2	36,477	0	0
Camden National Corp	CS	133034108	3,770,564	100,201	SH		DFND	2	100,201	0	0
Canadian Imperial Bank of Comm	CS	136069101	3,906,898	81,157	SH		DFND	2	78,107	0	3,050
CareTrust REIT Inc	CS	14174t107	2,435,996	108,847	SH		DFND	2	108,847	0	0
Carter's Inc	CS	146229109	3,485,755	46,545	SH		DFND	2	46,545	0	0
Casey's General Stores Inc	CS	147528103	2,061,374	7,503	SH		DFND	2	7,394	0	109
Cathay General Bancorp	CS	149150104	3,778,288	84,772	SH		DFND	2	84,772	0	0
CBRE Group Inc	CS	12504L109	2,401,722	25,800	SH		DFND	2	25,447	0	353
Centerpoint Energy Inc	CS	15189T107	2,019,756	70,695	SH		DFND	2	69,663	0	1,032
Chevron Corp	CS	166764100	9,209,431	61,742	SH		DFND	2	56,110	0	5,632
Church & Dwight Inc	CS	171340102	410,296	4,339	SH		DFND	2	2,617	0	1,722
Cisco Systems Inc	CS	17275R102	7,684,440	152,107	SH		DFND	2	139,545	0	12,562
Cognizant Technology Solutions	CS	192446102	1,573,851	20,837	SH		DFND	2	15,838	0	4,999
Columbia Sportswear Co Com	CS	198516106	4,398,482	55,299	SH		DFND	2	55,299	0	0
Conagra Brands	CS	205887102	2,050,222	71,536	SH		DFND	2	71,057	0	479
Cousins Properties Inc	CS	222795502	1,531,274	62,886	SH		DFND	2	62,886	0	0
CSG Systems International Inc	CS	126349109	5,061,974	95,132	SH		DFND	2	95,132	0	0
Cummins Inc	CS	231021106	520,825	2,174	SH		DFND	2	1,685	0	489
Curtiss Wright Corp	CS	231561101	2,189,803	9,829	SH		DFND	2	9,686	0	143
Diamond Hill Investment Group	CS	25264R207	4,711,367	28,452	SH		DFND	2	28,452	0	0
Digital Realty Trust Inc	CS	253868103	5,934,687	44,098	SH		DFND	2	40,803	0	3,295
Donaldson Inc	CS	257651109	1,668,189	25,527	SH		DFND	2	21,034	0	4,493
Dover Corp	CS	260003108	2,361,445	15,353	SH		DFND	2	15,145	0	208
Dril-Quip Inc	CS	262037104	849,727	36,516	SH		DFND	2	36,516	0	0
Duke Energy Corp	CS	26441c204	8,513,707	87,734	SH		DFND	2	81,041	0	6,693
Eagle Materials Inc	CS	26969p108	2,260,652	11,145	SH		DFND	2	10,983	0	162
Elevance Health Inc	CS	036752103	528,147	1,120	SH		DFND	2	653	0	467
Eli Lilly & Co	CS	532457108	507,140	870	SH		DFND	2	870	0	0
Emerson Electric Co	CS	291011104	604,809	6,214	SH		DFND	2	4,236	0	1,978
Employers Holdings	CS	292218104	4,287,469	108,819	SH		DFND	2	108,819	0	0
Encompass Health Corp	CS	29261A100	4,159,630	62,345	SH		DFND	2	57,249	0	5,096
Entergy Corp	CS	29364G103	2,504,756	24,753	SH		DFND	2	24,394	0	359
EOG Resources Inc	CS	26875P101	3,983,004	32,931	SH		DFND	2	31,841	0	1,090
Equity Commonwealth	CS	294628102	5,572,051	290,211	SH		DFND	2	290,211	0	0
Essex Property Trust Inc	CS	297178105	4,771,605	19,245	SH		DFND	2	18,583	0	662
FactSet Research Systems Inc	CS	303075105	460,830	966	SH		DFND	2	581	0	385
Fastenal Co	CS	311900104	5,888,097	90,908	SH		DFND	2	84,846	0	6,062
Federated Hermes Inc	CS	314211103	3,636,158	107,388	SH		DFND	2	107,388	0	0
Fiserv	CS	337738108	1,252,150	9,426	SH		DFND	2	7,848	0	1,578
Flowers Foods Inc	CS	343498101	3,850,315	171,049	SH		DFND	2	160,244	0	10,805
Fox Factory Holding Corp	CS	35138V102	729,189	10,806	SH		DFND	2	10,806	0	0
Fresh Del Monte Produce Inc	CS	G36738105	4,179,315	159,212	SH		DFND	2	159,212	0	0
FTI Consulting Inc	CS	302941109	1,638,805	8,229	SH		DFND	2	8,109	0	120
Genuine Parts Co	CS	372460105	1,946,617	14,055	SH		DFND	2	13,874	0	181
Getty Realty Corp	CS	374297109	3,312,671	113,370	SH		DFND	2	113,370	0	0
Global Payments Inc	CS	37940X102	1,961,261	15,443	SH		DFND	2	15,234	0	209
Globe Life	CS	37959e102	4,875,299	40,053	SH		DFND	2	36,487	0	3,566
Great Southern Bancorp Inc	CS	390905107	3,801,605	64,054	SH		DFND	2	64,054	0	0
Haemonetics Corp	CS	405024100	935,736	10,943	SH		DFND	2	10,943	0	0
Hartford Financial Services Gr	CS	416515104	2,195,901	27,319	SH		DFND	2	26,920	0	399
Hasbro Inc	CS	418056107	1,149,105	22,505	SH		DFND	2	22,177	0	328
HCA Holdings Inc	CS	40412C101	508,337	1,878	SH		DFND	2	1,112	0	766
Heartland Express Inc	CS	422347104	6,319,504	443,163	SH		DFND	2	443,163	0	0
Hershey Co/The	CS	427866108	5,019,978	26,925	SH		DFND	2	24,185	0	2,740
Home Depot Inc	CS	437076102	6,561,924	18,935	SH		DFND	2	17,923	0	1,012
Hubbell Inc	CS	443510607	2,011,078	6,114	SH		DFND	2	6,025	0	89
Humana Inc	CS	444859102	1,728,691	3,776	SH		DFND	2	3,094	0	682
Independent Bank Corp	CS	453836108	3,754,460	57,050	SH		DFND	2	57,050	0	0
International Flavors & Fragra	CS	459506101	3,281,471	40,527	SH		DFND	2	37,758	0	2,769
ITT Inc	CS	45073v108	2,479,828	20,783	SH		DFND	2	20,487	0	296
Jazz Pharmaceuticals Inc	CS	G50871105	2,092,230	17,010	SH		DFND	2	16,896	0	114
Johnson & Johnson	CS	478160104	9,313,457	59,420	SH		DFND	2	53,995	0	5,425
Johnson Outdoors Inc	CS	479167108	2,073,337	38,812	SH		DFND	2	38,812	0	0
JP Morgan Chase & Co	CS	46625H100	8,596,344	50,537	SH		DFND	2	45,782	0	4,755
Kimberly Clark Corp	CS	494368103	5,828,171	47,965	SH		DFND	2	44,430	0	3,535
Kinder Morgan Inc	CS	49456B101	6,894,100	390,822	SH		DFND	2	359,651	0	31,171
L3Harris Technologies Inc	CS	502431109	2,714,681	12,889	SH		DFND	2	12,701	0	188
Lamar Advertising Co	CS	512816109	5,634,222	53,013	SH		DFND	2	51,229	0	1,784
Leggett & Platt Inc	CS	524660107	3,249,163	124,156	SH		DFND	2	124,156	0	0
Linde	CS	g54950103	2,031,768	4,947	SH		DFND	2	4,050	0	897
Littelfuse Inc	CS	537008104	1,899,676	7,100	SH		DFND	2	7,003	0	97
LKQ Corp	CS	501889208	430,540	9,009	SH		DFND	2	5,204	0	3,805
Lockheed Martin Corp	CS	539830109	3,220,270	7,105	SH		DFND	2	6,873	0	232
Lowe's Companies Inc	CS	548661107	1,750,801	7,867	SH		DFND	2	6,453	0	1,414
Malibu Boats Inc	CS	56117J100	1,937,777	35,348	SH		DFND	2	35,348	0	0
Maximus Inc	CS	577933104	4,025,615	48,004	SH		DFND	2	48,004	0	0
McKesson Corp	CS	58155Q103	1,966,507	4,247	SH		DFND	2	3,428	0	819
Merck & Co Inc	CS	58933Y105	4,566,412	41,886	SH		DFND	2	40,507	0	1,379
Metlife Inc	CS	59156R108	456,892	6,909	SH		DFND	2	5,372	0	1,537
Microsoft Corp	CS	594918104	1,395,343	3,711	SH		DFND	2	3,195	0	516
MSC Industrial Direct	CS	553530106	1,813,769	17,912	SH		DFND	2	17,650	0	262
National Healthcare Corp	CS	635906100	5,326,534	57,634	SH		DFND	2	57,634	0	0
Nelnet Inc	CS	64031N108	2,780,342	31,516	SH		DFND	2	31,516	0	0
Nextera Energy Inc	CS	65339F101	302,728	4,984	SH		DFND	2	4,984	0	0
Northwest Natural Holding Co	CS	66765N105	4,005,563	102,865	SH		DFND	2	102,865	0	0
Northwestern Energy Group Inc	CS	668074305	6,140,693	120,666	SH		DFND	2	120,666	0	0
OGE Energy Corp	CS	670837103	2,449,816	70,135	SH		DFND	2	69,115	0	1,020
Omnicom Group	CS	681919106	5,634,725	65,134	SH		DFND	2	62,067	0	3,067
One Gas Inc	CS	68235p108	4,044,308	63,470	SH		DFND	2	63,470	0	0
Open Lending Corp	CS	68373J104	831,921	97,758	SH		DFND	2	97,758	0	0
Packaging Corp of America	CS	695156109	6,113,524	37,527	SH		DFND	2	35,402	0	2,125
Parker Hannifin Corp	CS	701094104	297,151	645	SH		DFND	2	384	0	261
Patterson Companies Inc	CS	703395103	3,544,699	124,594	SH		DFND	2	124,594	0	0
Paychex Inc	CS	704326107	3,350,944	28,133	SH		DFND	2	27,166	0	967
PepsiCo Inc	CS	713448108	5,002,197	29,452	SH		DFND	2	26,584	0	2,868
Perrigo Co plc	CS	G97822103	1,521,277	47,274	SH		DFND	2	47,274	0	0
Pfizer Inc	CS	717081103	4,203,978	146,022	SH		DFND	2	133,469	0	12,553
Philip Morris International	CS	718172109	4,616,882	49,074	SH		DFND	2	47,422	0	1,652
Pilgrim's Pride Corp	CS	72147K108	3,299,976	119,305	SH		DFND	2	117,566	0	1,739
Pioneer Nat Res Co	CS	723787107	2,489,871	11,072	SH		DFND	2	10,907	0	165
PJT Partners Inc	CS	69343t107	8,548,217	83,913	SH		DFND	2	81,224	0	2,689
PNC Financial Services Group	CS	693475105	6,392,580	41,282	SH		DFND	2	37,422	0	3,860
Portland General Electric Co	CS	736508847	3,199,749	73,829	SH		DFND	2	73,829	0	0
Prestige Consumer Healthcare I	CS	74112D101	5,490,454	89,684	SH		DFND	2	89,684	0	0
Principal Financial Group Inc	CS	74251V102	4,978,397	63,282	SH		DFND	2	59,296	0	3,986
Prosperity Bancshares Inc	CS	743606105	3,563,275	52,610	SH		DFND	2	49,165	0	3,445
Prudential Financial Inc	CS	744320102	5,118,192	49,351	SH		DFND	2	47,680	0	1,671
Public Storage	CS	74460D109	5,662,325	18,565	SH		DFND	2	16,738	0	1,827
PulteGroup Inc	CS	745867101	2,639,026	25,567	SH		DFND	2	25,193	0	374
QCR Holdings Inc	CS	74727a104	4,358,230	74,640	SH		DFND	2	74,640	0	0
Quest Diagnostics Inc	CS	74834L100	2,278,881	16,528	SH		DFND	2	16,289	0	239
Raymond James Financial Inc	CS	754730109	2,705,770	24,267	SH		DFND	2	23,913	0	354
Regal Rexnord Corp	CS	758750103	3,257,610	22,008	SH		DFND	2	20,098	0	1,910
Regency Centers Corp	CS	758849103	2,283,025	34,075	SH		DFND	2	33,579	0	496
Regions Financial Corp	CS	7591EP100	2,070,210	106,822	SH		DFND	2	105,236	0	1,586
Reinsurance Group Of America	CS	759351604	2,439,319	15,078	SH		DFND	2	14,857	0	221
Republic Services Inc	CS	760759100	2,317,975	14,056	SH		DFND	2	13,851	0	205
RPM Intl Inc	CS	749685103	338,909	3,036	SH		DFND	2	1,812	0	1,224
S & T Bancorp Inc	CS	783859101	3,164,673	94,694	SH		DFND	2	94,694	0	0
Safety Insurance Group Inc	CS	78648T100	3,485,281	45,865	SH		DFND	2	45,865	0	0
Seaboard Corp	CS	811543107	5,730,010	1,605	SH		DFND	2	1,605	0	0
Silgan Holdings Inc	CS	827048109	5,611,452	124,010	SH		DFND	2	124,010	0	0
Skechers USA Inc	CS	830566105	1,946,878	31,230	SH		DFND	2	30,777	0	453
Southern Co/The	CS	842587107	250,679	3,575	SH		DFND	2	2,394	0	1,181
SpartanNash Co	CS	847215100	3,181,168	138,613	SH		DFND	2	138,613	0	0
Spire Inc	CS	84857L101	6,767,319	108,555	SH		DFND	2	108,555	0	0
SS&C Technologies Holdings	CS	78467J100	2,363,246	38,672	SH		DFND	2	38,108	0	564
SSR Mining Inc	CS	784730103	1,770,762	164,569	SH		DFND	2	164,569	0	0
Stag Industrial Inc	CS	85254J102	2,503,767	63,774	SH		DFND	2	62,905	0	869
Standard Motor Products Inc	CS	853666105	5,173,708	129,960	SH		DFND	2	124,076	0	5,884
Stanley Black & Decker Inc	CS	854502101	2,956,636	30,139	SH		DFND	2	28,179	0	1,960
Stepan Co	CS	858586100	3,742,667	39,584	SH		DFND	2	39,584	0	0
Sysco Corp	CS	871829107	2,143,075	29,305	SH		DFND	2	28,276	0	1,029
T Rowe Price Group Inc	CS	74144T108	5,393,654	50,085	SH		DFND	2	46,617	0	3,468
Take-Two Interactive Software	CS	874054109	1,872,331	11,633	SH		DFND	2	11,464	0	169
TEGNA Inc	CS	87901J105	4,949,213	323,478	SH		DFND	2	323,478	0	0
Texas Instruments Inc	CS	882508104	6,254,007	36,689	SH		DFND	2	34,090	0	2,599
Treehouse Foods Inc	CS	89469A104	877,911	21,180	SH		DFND	2	21,180	0	0
Union Pacific Corp	CS	907818108	6,320,048	25,731	SH		DFND	2	24,128	0	1,603
United Parcel Service Inc	CS	911312106	5,959,331	37,902	SH		DFND	2	35,079	0	2,823
Universal Health Rlty Income	CS	91359E105	2,362,704	54,629	SH		DFND	2	54,629	0	0
US Foods Holding Corp	CS	912008109	1,952,766	43,003	SH		DFND	2	42,407	0	596
Verizon Communications Inc	CS	92343V104	5,896,012	156,393	SH		DFND	2	145,965	0	10,428
Viavi Solutions Inc	CS	925550105	1,763,146	175,089	SH		DFND	2	175,089	0	0
Visa Inc	CS	92826C839	369,176	1,418	SH		DFND	2	844	0	574
Vishay Intertechnology Inc	CS	928298108	779,073	32,502	SH		DFND	2	26,708	0	5,794
WaFd Inc	CS	938824109	3,174,015	96,299	SH		DFND	2	96,299	0	0
Waters Corp	CS	941848103	422,731	1,284	SH		DFND	2	763	0	521
Waterstone Financial Inc	CS	94188P101	2,408,064	169,582	SH		DFND	2	169,582	0	0
WEC Energy Group Inc	CS	92939U106	7,356,750	87,403	SH		DFND	2	80,107	0	7,296
Welltower Inc	CS	95040q104	2,035,317	22,572	SH		DFND	2	22,244	0	328
Wendy's Company/The	CS	95058W100	5,093,202	261,458	SH		DFND	2	261,458	0	0
Werner Enterprises Inc	CS	950755108	5,619,533	132,630	SH		DFND	2	132,630	0	0
White Mountains Insurance Grou	CS	G9618E107	3,952,156	2,626	SH		DFND	2	2,626	0	0
World Kinect Corp	CS	981475106	2,216,972	97,321	SH		DFND	2	97,321	0	0
WR Berkley Corp	CS	084423102	2,286,660	32,334	SH		DFND	2	31,862	0	472
Xcel Energy Inc	CS	98389B100	3,638,575	58,772	SH		DFND	2	57,318	0	1,454
Zimmer Biomet Holdings Inc	CS	98956P102	1,729,600	14,212	SH		DFND	2	14,005	0	207
BlackRock Floating Rate Income	EF	091941104	2,411,116	194,759	SH		DFND	2	194,759	0	0
iShares National Muni Bond	EF	464288414	1,784,212	16,458	SH		DFND	2	13,463	0	2,995
iShares Russell 3000 Value Ind	EF	464287663	20,804,970	246,709	SH		DFND	2	229,250	0	17,459
iShares S&P 500 Value	EF	464287408	916,748	5,272	SH		DFND	2	2,080	0	3,192
iShares Short Term Natinal	EF	464288158	701,109	6,650	SH		DFND	2	6,650	0	0
iShares Tr Barclys 1-3 Yr	EF	464287457	215,355	2,625	SH		DFND	2	2,625	0	0
Schwab Short-Term US Treasury	EF	808524862	8,230,181	169,870	SH		DFND	2	159,393	0	10,477
SPDR Bloomberg Barclays Invest	EF	78468r200	8,163,485	266,868	SH		DFND	2	251,096	0	15,772
VanEck Vectors Short H/Y Muni	EF	92189f387	907,330	41,000	SH		DFND	2	41,000	0	0