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
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 FIGI (to the nearest dollar) PRN AMT PRN CALL DISCRETION MANAGER SOLE SHARED NONE
Advanced Energy Inds CS 007973100   283,932 3,310 SH   DFND 1 3,310 0 0
Alamos Gold Inc CS 011532108   1,374,616 135,966 SH   DFND 1 135,966 0 0
Alexander's Inc CS 014752109   332,511 1,511 SH   DFND 1 1,511 0 0
Allison Transmission Holdings CS 01973R101   277,597 6,673 SH   DFND 1 6,673 0 0
American States Water Co CS 029899101   1,829,991 19,773 SH   DFND 1 19,773 0 0
American Woodmark Corp CS 030506109   982,086 20,100 SH   DFND 1 20,100 0 0
Argan Inc CS 04010e109   2,299,173 62,342 SH   DFND 1 62,342 0 0
Associated Banc Corp CS 045487105   371,472 16,088 SH   DFND 1 16,088 0 0
Avista Corp CS 05379B107   1,377,865 31,075 SH   DFND 1 31,075 0 0
AZZ Inc CS 002474104   1,382,277 34,385 SH   DFND 1 34,385 0 0
Benchmark Electronics Inc CS 08160H101   991,854 37,162 SH   DFND 1 37,162 0 0
Brady Corp CS 104674106   2,262,354 48,033 SH   DFND 1 48,033 0 0
Cal Maine Foods Inc CS 128030202   1,873,570 34,409 SH   DFND 1 34,409 0 0
Camden National Corp CS 133034108   1,904,649 45,686 SH   DFND 1 45,686 0 0
Capitol Federal Financial CS 14057J101   465,180 53,778 SH   DFND 1 53,778 0 0
CareTrust REIT Inc CS 14174t107   218,092 11,738 SH   DFND 1 11,738 0 0
Carter's Inc CS 146229109   551,965 7,398 SH   DFND 1 7,398 0 0
Cathay General Bancorp CS 149150104   691,350 16,949 SH   DFND 1 16,949 0 0
Cousins Properties Inc. CS 222795502   1,053,556 41,659 SH   DFND 1 41,659 0 0
CSG Systems International Inc CS 126349109   1,386,471 24,239 SH   DFND 1 24,239 0 0
CTO Realty Growth Inc CS 22948Q101   216,161 11,825 SH   DFND 1 11,825 0 0
Diamond Hill Investment Group CS 25264R207   1,027,601 5,554 SH   DFND 1 5,554 0 0
Employers Holdings CS 292218104   2,021,374 46,867 SH   DFND 1 46,867 0 0
Equity Commonwealth CS 294628102   1,643,026 65,800 SH   DFND 1 65,800 0 0
Federal Signal Corp CS 313855108   855,513 18,410 SH   DFND 1 18,410 0 0
Federated Hermes Inc CS 314211103   544,686 15,001 SH   DFND 1 15,001 0 0
Fox Factory Holding Corp CS 35138V102   310,729 3,406 SH   DFND 1 3,406 0 0
Getty Realty Corp CS 374297109   1,231,531 36,382 SH   DFND 1 36,382 0 0
Haemonetics Corp CS 405024100   249,242 3,169 SH   DFND 1 3,169 0 0
Heartland Express Inc CS 422347104   2,093,619 136,481 SH   DFND 1 136,481 0 0
Hooker Furniture Corp CS 439038100   548,845 29,350 SH   DFND 1 29,350 0 0
John B Sanfilippo & Son Inc CS 800422107   2,031,862 24,986 SH   DFND 1 24,986 0 0
Johnson Outdoors Inc CS 479167108   843,096 12,751 SH   DFND 1 12,751 0 0
Kennametal Inc CS 489170100   394,608 16,401 SH   DFND 1 16,401 0 0
Lancaster Colony Corp CS 513847103   1,488,628 7,545 SH   DFND 1 7,545 0 0
Maximus Inc CS 577933104   1,735,721 23,670 SH   DFND 1 23,670 0 0
Medifast Inc CS 58470H101   348,011 3,017 SH   DFND 1 3,017 0 0
Methode Electronics Inc CS 591520200   823,285 18,555 SH   DFND 1 18,555 0 0
Miller Industries Inc/Tenn CS 600551204   982,208 36,842 SH   DFND 1 36,842 0 0
Mueller Water Products CS 624758108   560,822 52,121 SH   DFND 1 52,121 0 0
National Healthcare Corp CS 635906100   1,549,201 26,037 SH   DFND 1 26,037 0 0
Nelnet Inc CS 64031N108   1,520,425 16,754 SH   DFND 1 16,754 0 0
NewMarket Corp CS 651587107   348,443 1,120 SH   DFND 1 1,120 0 0
NextGen Healthcare Inc CS 65343c102   355,806 18,946 SH   DFND 1 18,946 0 0
Northwestern Corp CS 668074305   347,139 5,850 SH   DFND 1 5,850 0 0
Perrigo Co plc CS g97822103   491,476 14,417 SH   DFND 1 14,417 0 0
Plexus Corp CS 729132100   376,209 3,655 SH   DFND 1 3,655 0 0
Portland General Electric Co CS 736508847   2,117,584 43,216 SH   DFND 1 43,216 0 0
Prestige Consumer Healthcare I CS 74112D101   1,554,921 24,839 SH   DFND 1 24,839 0 0
QCR Holdings Inc CS 74727a104   1,042,241 20,996 SH   DFND 1 20,996 0 0
Safety Insurance Group Inc CS 78648T100   1,743,087 20,687 SH   DFND 1 20,687 0 0
Sensient Technologies Corp CS 81725T100   479,157 6,571 SH   DFND 1 6,571 0 0
Southwest Gas Holdings Inc CS 844895102   292,197 4,722 SH   DFND 1 4,722 0 0
Spire Inc CS 84857L101   1,370,727 19,906 SH   DFND 1 19,906 0 0
Sprouts Farmers Market Inc CS 85208m102   449,004 13,871 SH   DFND 1 13,871 0 0
SSR Mining Inc CS 784730103   526,872 33,623 SH   DFND 1 33,623 0 0
Standard Motor Products Inc CS 853666105   2,186,484 62,830 SH   DFND 1 62,830 0 0
Stepan Co CS 858586100   766,725 7,202 SH   DFND 1 7,202 0 0
Stewart Information Services C CS 860372101   1,427,396 33,405 SH   DFND 1 33,405 0 0
Stonex Group Inc CS 861896108   477,739 5,013 SH   DFND 1 5,013 0 0
Tri Pointe Group Inc CS 87265H109   2,279,989 122,646 SH   DFND 1 122,646 0 0
Universal Health Rlty Income CS 91359E105   862,433 18,069 SH   DFND 1 18,069 0 0
Vishay Intertechnology Inc CS 928298108   1,812,225 84,016 SH   DFND 1 84,016 0 0
Washington Federal CS 938824109   2,022,964 60,297 SH   DFND 1 60,297 0 0
Washington Trust Bancorp CS 940610108   1,247,769 26,447 SH   DFND 1 26,447 0 0
Waterstone Financial Inc CS 94188P101   1,276,070 74,018 SH   DFND 1 74,018 0 0
Wendy's Company/The CS 95058W100   848,670 37,502 SH   DFND 1 37,502 0 0
Werner Enterprises Inc CS 950755108   2,156,970 53,576 SH   DFND 1 53,576 0 0
White Mountains Insurance Grou CS G9618E107   411,570 291 SH   DFND 1 291 0 0
World Fuel Svcs Corp CS 981475106   946,438 34,630 SH   DFND 1 34,630 0 0