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
ABRDN GOLD ETF TRUST PHYSCL GOLD SHS 00326A104   464,673 26,268 SH   SOLE   0 0 26,268
ACADEMY SPORTS & OUTDOORS IN COM 00402L107   307,775 6,511 SH   DFND 1 0 0 6,511
ADTALEM GLOBAL ED INC COM 00737L103   8,356,821 195,025 SH   SOLE   195,025 0 0
ADTALEM GLOBAL ED INC COM 00737L103   428,500 10,000 SH   DFND 1 0 0 10,000
ADVANCE AUTO PARTS INC COM 00751Y106   2,557,679 45,730 SH   SOLE   45,730 0 0
AFC GAMMA INC COM 00109K105   289,685 24,675 SH   SOLE   24,675 0 0
AFFILIATED MANAGERS GROUP IN COM 008252108   7,115,130 54,589 SH   SOLE   54,589 0 0
AFLAC INC COM 001055102   10,075,126 131,272 SH   SOLE   131,272 0 0
AGREE RLTY CORP COM 008492100   251,894 4,560 SH   DFND 1 0 0 4,560
ALLSTATE CORP COM 020002101   6,773,060 60,794 SH   SOLE   60,794 0 0
ALLY FINL INC COM 02005N100   5,332,452 199,867 SH   SOLE   199,867 0 0
ALPHA METALLURGICAL RESOUR I COM 020764106   14,532,413 55,952 SH   SOLE   55,952 0 0
ALPHA METALLURGICAL RESOUR I COM 020764106   986,974 3,800 SH   DFND 1 0 0 3,800
ALTRIA GROUP INC COM 02209S103   662,288 15,750 SH   SOLE   15,750 0 0
AMERICAN EQTY INVT LIFE HLD COM 025676206   523,526 9,760 SH   DFND 1 0 0 9,760
AMERICAN FINL GROUP INC OHIO COM 025932104   6,488,474 58,104 SH   SOLE   58,104 0 0
AMERIPRISE FINL INC COM 03076C106   10,730,754 32,549 SH   SOLE   32,549 0 0
AMN HEALTHCARE SVCS INC COM 001744101   5,751,268 67,519 SH   SOLE   67,519 0 0
APA CORPORATION COM 03743Q108   7,506,956 182,651 SH   SOLE   182,651 0 0
APPLE HOSPITALITY REIT INC COM NEW 03784Y200   298,747 19,475 SH   DFND 1 0 0 19,475
ARCBEST CORP COM 03937C105   465,049 4,575 SH   DFND 1 0 0 4,575
ARCTURUS THERAPEUTICS HLDGS COM 03969T109   373,030 14,600 SH   DFND 1 0 0 14,600
ARMADA HOFFLER PPTYS INC COM 04208T108   274,719 26,828 SH   DFND 1 0 0 26,828
ARROW ELECTRS INC COM 042735100   7,917,047 63,215 SH   SOLE   63,215 0 0
ARROW ELECTRS INC COM 042735100   330,634 2,640 SH   DFND 1 0 0 2,640
ASBURY AUTOMOTIVE GROUP INC COM 043436104   469,113 2,039 SH   DFND 1 0 0 2,039
ASSURED GUARANTY LTD COM G0585R106   9,784,208 161,669 SH   SOLE   161,669 0 0
ATKORE INC COM 047649108   446,078 2,990 SH   DFND 1 0 0 2,990
ATKORE INC COM 047649108   9,992,895 66,981 SH   SOLE   66,981 0 0
AURORA CANNABIS INC COM 05156X884   226,024 386,365 SH   SOLE   386,365 0 0
AUTONATION INC COM 05329W102   13,154,692 86,887 SH   SOLE   86,887 0 0
AUTONATION INC COM 05329W102   557,152 3,680 SH   DFND 1 0 0 3,680
AVALONBAY CMNTYS INC COM 053484101   212,099 1,235 SH   DFND 1 0 0 1,235
AVNET INC COM 053807103   645,746 13,400 SH   DFND 1 0 0 13,400
BANCORP INC DEL COM 05969A105   483,345 14,010 SH   DFND 1 0 0 14,010
BIG 5 SPORTING GOODS CORP COM 08915P101   3,315,043 472,902 SH   SOLE   472,902 0 0
BIG LOTS INC COM 089302103   339,273 66,394 SH   SOLE   66,394 0 0
BOISE CASCADE CO DEL COM 09739D100   857,293 8,320 SH   DFND 1 0 0 8,320
BRIXMOR PPTY GROUP INC COM 11120U105   311,904 15,200 SH   DFND 1 0 0 15,200
BROADSTONE NET LEASE INC COM 11135E203   201,330 14,079 SH   DFND 1 0 0 14,079
BUILDERS FIRSTSOURCE INC COM 12008R107   7,333,830 58,911 SH   SOLE   58,911 0 0
BUILDERS FIRSTSOURCE INC COM 12008R107   618,715 4,970 SH   DFND 1 0 0 4,970
CAL MAINE FOODS INC COM NEW 128030202   317,635 6,560 SH   DFND 1 0 0 6,560
CAL MAINE FOODS INC COM NEW 128030202   6,713,046 138,642 SH   SOLE   138,642 0 0
CALIFORNIA RES CORP COM STOCK 13057Q305   9,401,615 167,856 SH   SOLE   167,856 0 0
CAMBRIA ETF TR GLB MOMENT ETF 132061508   11,421,947 423,820 SH   SOLE   0 0 423,820
CAMBRIA ETF TR VALUE MOMENTUM 132061888   9,791,780 367,540 SH   DFND 1 0 0 367,540
CAMBRIA ETF TR GBL REAL EST ETF 132061813   4,127,629 180,010 SH   DFND 1 0 0 180,010
CAMBRIA ETF TR CAMBRIA FGN SHR 132061300   27,957,610 1,165,872 SH   DFND 1 0 0 1,165,872
CAMBRIA ETF TR EMRG SHAREHLDR 132061706   5,638,198 196,590 SH   SOLE   161,764 0 34,826
CAMBRIA ETF TR CAMBRIA FGN SHR 132061300   3,186,076 132,864 SH   SOLE   92,907 0 39,957
CAMBRIA ETF TR SHSHLD YIELD ETF 132061201   16,380,219 264,795 SH   DFND 1 0 0 264,795
CAMBRIA ETF TR GBL REAL EST ETF 132061813   4,045,627 176,434 SH   SOLE   138,750 0 37,684
CAMBRIA ETF TR GLOBAL VALUE ETF 132061409   28,109,590 1,463,279 SH   DFND 1 0 0 1,463,279
CAMBRIA ETF TR GLOBAL VALUE ETF 132061409   4,975,425 259,002 SH   SOLE   143,486 0 115,516
CAMBRIA ETF TR SHSHLD YIELD ETF 132061201   5,868,901 94,874 SH   SOLE   65,305 0 29,569
CAMBRIA ETF TR VALUE MOMENTUM 132061888   4,817,344 180,827 SH   SOLE   81,215 0 99,612
CAMBRIA ETF TR EMRG SHAREHLDR 132061706   28,993,817 1,010,942 SH   DFND 1 0 0 1,010,942
CANOPY GROWTH CORP COM 138035100   48,220 61,600 SH   SOLE   61,600 0 0
CARDINAL HEALTH INC COM 14149Y108   507,126 5,875 SH   DFND 1 0 0 5,875
CARETRUST REIT INC COM 14174T107   313,937 15,314 SH   DFND 1 0 0 15,314
CATHAY GEN BANCORP COM 149150104   6,881,924 197,984 SH   SOLE   197,984 0 0
CENTURY CMNTYS INC COM 156504300   466,659 6,988 SH   DFND 1 0 0 6,988
CF INDS HLDGS INC COM 125269100   6,111,976 71,285 SH   SOLE   71,285 0 0
CHATHAM LODGING TR COM 16208T102   238,379 24,909 SH   DFND 1 0 0 24,909
CHEVRON CORP NEW COM 166764100   1,029,425 6,105 SH   DFND 1 0 0 6,105
CHEVRON CORP NEW COM 166764100   9,332,948 55,349 SH   SOLE   55,349 0 0
CHORD ENERGY CORPORATION COM NEW 674215207   636,935 3,930 SH   DFND 1 0 0 3,930
CIVITAS RESOURCES INC COM NEW 17888H103   569,325 7,040 SH   DFND 1 0 0 7,040
CIVITAS RESOURCES INC COM NEW 17888H103   9,444,969 116,792 SH   SOLE   116,792 0 0
CNX RES CORP COM 12653C108   10,641,683 471,288 SH   SOLE   471,288 0 0
COMMERCIAL METALS CO COM 201723103   495,483 10,028 SH   DFND 1 0 0 10,028
COMMUNITY HEALTHCARE TR INC COM 20369C106   218,948 7,372 SH   DFND 1 0 0 7,372
CONOCOPHILLIPS COM 20825C104   8,797,753 73,437 SH   SOLE   73,437 0 0
CONSOL ENERGY INC NEW COM 20854L108   797,316 7,600 SH   DFND 1 0 0 7,600
CONSOL ENERGY INC NEW COM 20854L108   14,758,319 140,676 SH   SOLE   140,676 0 0
CONSTELLATION BRANDS INC CL A 21036P108   1,055,586 4,200 SH   SOLE   4,200 0 0
COPT DEFENSE PROPERTIES SHS BEN INT 22002T108   271,662 11,400 SH   DFND 1 0 0 11,400
COTERRA ENERGY INC COM 127097103   8,477,064 313,385 SH   SOLE   313,385 0 0
CRANE COMPANY COMMON STOCK 224408104   1,241,184 13,971 SH   SOLE   13,971 0 0
CRANE NXT CO COM 224441105   362,316 6,520 SH   DFND 1 0 0 6,520
CRONOS GROUP INC COM 22717L101   464,660 232,330 SH   SOLE   232,330 0 0
CROSS CTRY HEALTHCARE INC COM 227483104   451,872 18,228 SH   DFND 1 0 0 18,228
CVR ENERGY INC COM 12662P108   13,300,864 390,857 SH   SOLE   390,857 0 0
D R HORTON INC COM 23331A109   465,130 4,328 SH   DFND 1 0 0 4,328
DEVON ENERGY CORP NEW COM 25179M103   6,428,481 134,769 SH   SOLE   134,769 0 0
DILLARDS INC CL A 254067101   13,348,184 40,350 SH   SOLE   40,350 0 0
DISCOVER FINL SVCS COM 254709108   5,849,171 67,519 SH   SOLE   67,519 0 0
DOW INC COM 260557103   7,697,650 149,295 SH   SOLE   149,295 0 0
DUPONT DE NEMOURS INC COM 26614N102   8,387,049 112,442 SH   SOLE   112,442 0 0
DXC TECHNOLOGY CO COM 23355L106   4,717,953 226,498 SH   SOLE   226,498 0 0
EA SERIES TRUST VAL MOMTM TRND 02072L508   517,675 23,030 SH   DFND 1 0 0 23,030
EA SERIES TRUST US QUAN MOMENTUM 02072L409   1,954,364 45,325 SH   SOLE   45,325 0 0
EA SERIES TRUST VAL MOMTM TRND 02072L508   480,721 21,386 SH   SOLE   21,386 0 0
EA SERIES TRUST INTL QUAN MOMNTM 02072L300   943,576 38,480 SH   SOLE   38,480 0 0
EHEALTH INC COM 28238P109   380,027 51,355 SH   DFND 1 0 0 51,355
EMCOR GROUP INC COM 29084Q100   546,383 2,597 SH   DFND 1 0 0 2,597
EMPIRE ST RLTY TR INC CL A 292104106   368,304 45,809 SH   DFND 1 0 0 45,809
ENCORE WIRE CORP COM 292562105   7,675,180 42,065 SH   SOLE   42,065 0 0
ENCORE WIRE CORP COM 292562105   598,469 3,280 SH   DFND 1 0 0 3,280
ENOVA INTL INC COM 29357K103   487,640 9,586 SH   DFND 1 0 0 9,586
EOG RES INC COM 26875P101   8,729,201 68,864 SH   SOLE   68,864 0 0
EPR PPTYS COM SH BEN INT 26884U109   265,191 6,384 SH   DFND 1 0 0 6,384
EQUITY COMWLTH COM SH BEN INT 294628102   224,426 12,217 SH   DFND 1 0 0 12,217
EQUITY RESIDENTIAL SH BEN INT 29476L107   295,605 5,035 SH   DFND 1 0 0 5,035
ESSENTIAL PPTYS RLTY TR INC COM 29670E107   200,553 9,272 SH   DFND 1 0 0 9,272
ETHAN ALLEN INTERIORS INC COM 297602104   8,557,858 286,216 SH   SOLE   286,216 0 0
EXXON MOBIL CORP COM 30231G102   10,658,980 90,653 SH   SOLE   90,653 0 0
EXXON MOBIL CORP COM 30231G102   545,571 4,640 SH   DFND 1 0 0 4,640
FEDERATED HERMES INC CL B 314211103   7,999,484 236,182 SH   SOLE   236,182 0 0
FIRST CTZNS BANCSHARES INC N CL A 31946M103   386,428 280 SH   DFND 1 0 0 280
FIRST TR EXCHANGE-TRADED FD MNGD FUTRS STRGY 33739G103   3,531,620 72,098 SH   DFND 1 0 0 72,098
FLUENCE ENERGY INC COM CL A 34379V103   355,885 15,480 SH   DFND 1 0 0 15,480
FOOT LOCKER INC COM 344849104   3,425,688 197,446 SH   SOLE   197,446 0 0
FOUR CORNERS PPTY TR INC COM 35086T109   280,792 12,654 SH   DFND 1 0 0 12,654
FOX CORP CL A COM 35137L105   7,133,880 228,650 SH   SOLE   228,650 0 0
FRANKLIN STR PPTYS CORP COM 35471R106   123,025 66,500 SH   DFND 1 0 0 66,500
GAMING & LEISURE PPTYS INC COM 36467J108   236,268 5,187 SH   DFND 1 0 0 5,187
GENWORTH FINL INC COM CL A 37247D106   538,622 91,915 SH   DFND 1 0 0 91,915
GETTY RLTY CORP NEW COM 374297109   214,963 7,752 SH   DFND 1 0 0 7,752
GLOBAL NET LEASE INC COM NEW 379378201   474,532 49,379 SH   DFND 1 0 0 49,379
GMS INC COM 36251C103   337,762 5,280 SH   DFND 1 0 0 5,280
GRANITESHARES GOLD TR SHS BEN INT 38748G101   1,560,363 85,359 SH   SOLE   85,359 0 0
GRANITESHARES GOLD TR SHS BEN INT 38748G101   12,267,672 671,098 SH   DFND 1 0 0 671,098
GREEN BRICK PARTNERS INC COM 392709101   525,683 12,664 SH   DFND 1 0 0 12,664
GREIF INC CL A 397624107   8,015,463 119,974 SH   SOLE   119,974 0 0
GROUP 1 AUTOMOTIVE INC COM 398905109   612,659 2,280 SH   DFND 1 0 0 2,280
GROWGENERATION CORP COM 39986L109   221,774 75,950 SH   SOLE   75,950 0 0
GULFPORT ENERGY CORP COMMON SHARES 402635502   441,415 3,720 SH   DFND 1 0 0 3,720
HAVERTY FURNITURE COS INC COM 419596101   6,387,002 221,925 SH   SOLE   221,925 0 0
HELIX ENERGY SOLUTIONS GRP I COM 42330P107   730,708 65,417 SH   DFND 1 0 0 65,417
HF SINCLAIR CORP COM 403949100   6,371,435 111,917 SH   SOLE   111,917 0 0
HILLTOP HOLDINGS INC COM 432748101   1,382,777 48,758 SH   SOLE   48,758 0 0
HP INC COM 40434L105   6,678,248 259,854 SH   SOLE   259,854 0 0
HUDSON PAC PPTYS INC COM 444097109   281,887 42,389 SH   DFND 1 0 0 42,389
HUNTSMAN CORP COM 447011107   6,182,911 253,398 SH   SOLE   253,398 0 0
HYDROFARM HLDGS GROUP INC COM 44888K209   169,049 138,565 SH   SOLE   138,565 0 0
INNOVATIVE INDL PPTYS INC COM 45781V101   439,585 5,810 SH   SOLE   5,810 0 0
INNOVATIVE INDL PPTYS INC COM 45781V101   245,819 3,249 SH   DFND 1 0 0 3,249
INSIGHT ENTERPRISES INC COM 45765U103   366,660 2,520 SH   DFND 1 0 0 2,520
INSTEEL INDS INC COM 45774W108   447,948 13,800 SH   DFND 1 0 0 13,800
INTERCURE LTD COM NEW M549GJ111   91,632 57,995 SH   SOLE   57,995 0 0
INTERDIGITAL INC COM 45867G101   317,750 3,960 SH   DFND 1 0 0 3,960
INTERNATIONAL PAPER CO COM 460146103   6,154,222 173,505 SH   SOLE   173,505 0 0
INVENTRUST PPTYS CORP COM NEW 46124J201   306,268 12,863 SH   DFND 1 0 0 12,863
INVESCO ACTVELY MNGD ETC FD OPTIMUM YIELD 46090F100   4,215,900 282,000 SH   DFND 1 0 0 282,000
INVESCO ACTVELY MNGD ETC FD OPTIMUM YIELD 46090F100   3,859,834 258,183 SH   SOLE   228,956 0 29,227
INVESCO EXCH TRADED FD TR II FTSE RAFI DEV 46138E743   279,362 6,418 SH   SOLE   0 0 6,418
ISHARES TR 7-10 YR TRSY BD 464287440   770,522 8,435 SH   SOLE   8,435 0 0
ISHARES TR NATIONAL MUN ETF 464288414   1,416,703 13,816 SH   SOLE   0 0 13,816
ISHARES TR TIPS BD ETF 464287176   750,040 7,254 SH   SOLE   7,254 0 0
ISHARES TR GLOBAL ENERG ETF 464287341   11,981,863 290,399 SH   DFND 1 0 0 290,399
ISHARES TR GLOBAL TECH ETF 464287291   12,767,775 220,743 SH   DFND 1 0 0 220,743
ISHARES TR GLOB INDSTRL ETF 464288729   12,395,389 109,684 SH   DFND 1 0 0 109,684
ISHARES TR GLB CNS DISC ETF 464288745   11,221,659 76,567 SH   DFND 1 0 0 76,567
JABIL INC COM 466313103   446,653 3,520 SH   DFND 1 0 0 3,520
JAZZ PHARMACEUTICALS PLC SHS USD G50871105   770,168 5,950 SH   SOLE   5,950 0 0
JEFFERIES FINL GROUP INC COM 47233W109   8,848,709 241,570 SH   SOLE   241,570 0 0
KB HOME COM 48666K109   323,960 7,000 SH   DFND 1 0 0 7,000
KB HOME COM 48666K109   6,399,969 138,288 SH   SOLE   138,288 0 0
KRANESHARES TR KFA MOUNT LUCAS 500767652   1,233,817 37,882 SH   DFND 1 0 0 37,882
KULICKE & SOFFA INDS INC COM 501242101   7,027,521 144,510 SH   SOLE   144,510 0 0
LENNAR CORP CL A 526057104   453,634 4,042 SH   DFND 1 0 0 4,042
LINCOLN NATL CORP IND COM 534187109   2,789,476 112,980 SH   SOLE   112,980 0 0
LITMAN GREGORY FDS TR IMGP DBI MANAGED 53700T827   3,653,827 126,430 SH   DFND 1 0 0 126,430
LITMAN GREGORY FDS TR IMGP DBI MANAGED 53700T827   167,482 5,795 SH   SOLE   0 0 5,795
LKQ CORP COM 501889208   7,205,141 145,529 SH   SOLE   145,529 0 0
LOEWS CORP COM 540424108   590,936 9,334 SH   DFND 1 0 0 9,334
LOEWS CORP COM 540424108   8,395,982 132,617 SH   SOLE   132,617 0 0
LOUISIANA PAC CORP COM 546347105   10,600,620 191,797 SH   SOLE   191,797 0 0
LTC PPTYS INC COM 502175102   237,473 7,391 SH   DFND 1 0 0 7,391
LXP INDUSTRIAL TRUST COM 529043101   192,605 21,641 SH   DFND 1 0 0 21,641
LYONDELLBASELL INDUSTRIES N SHS - A - N53745100   7,260,176 76,665 SH   SOLE   76,665 0 0
M D C HLDGS INC COM 552676108   331,489 8,040 SH   DFND 1 0 0 8,040
M/I HOMES INC COM 55305B101   583,826 6,947 SH   DFND 1 0 0 6,947
MANPOWERGROUP INC WIS COM 56418H100   6,488,893 88,501 SH   SOLE   88,501 0 0
MARATHON OIL CORP COM 565849106   7,980,087 298,321 SH   SOLE   298,321 0 0
MARATHON PETE CORP COM 56585A102   11,236,087 74,244 SH   SOLE   74,244 0 0
MARATHON PETE CORP COM 56585A102   605,360 4,000 SH   DFND 1 0 0 4,000
MASTERCRAFT BOAT HLDGS INC COM 57637H103   291,215 13,106 SH   DFND 1 0 0 13,106
MATSON INC COM 57686G105   9,307,615 104,910 SH   SOLE   104,910 0 0
MCKESSON CORP COM 58155Q103   8,682,215 19,966 SH   SOLE   19,966 0 0
MCKESSON CORP COM 58155Q103   539,214 1,240 SH   DFND 1 0 0 1,240
MERITAGE HOMES CORP COM 59001A102   460,921 3,766 SH   DFND 1 0 0 3,766
METLIFE INC COM 59156R108   7,073,726 112,442 SH   SOLE   112,442 0 0
MGIC INVT CORP WIS COM 552848103   396,554 23,760 SH   DFND 1 0 0 23,760
MOSAIC CO NEW COM 61945C103   8,609,184 241,831 SH   SOLE   241,831 0 0
MR COOPER GROUP INC COM 62482R107   563,451 10,520 SH   DFND 1 0 0 10,520
MR COOPER GROUP INC COM 62482R107   8,457,285 157,903 SH   SOLE   157,903 0 0
MUELLER INDS INC COM 624756102   565,203 7,520 SH   DFND 1 0 0 7,520
MYMD PHARMACEUTICALS INC COM 62856X102   101,569 171,570 SH   SOLE   171,570 0 0
MYR GROUP INC DEL COM 55405W104   355,766 2,640 SH   DFND 1 0 0 2,640
NATIONAL HEALTH INVS INC COM 63633D104   260,549 5,073 SH   DFND 1 0 0 5,073
NEXPOINT DIVERSIFIED REL ET COM NEW 65340G205   216,130 24,814 SH   DFND 1 0 0 24,814
NNN REIT INC COM 637417106   268,584 7,600 SH   DFND 1 0 0 7,600
NUCOR CORP COM 670346105   11,712,804 74,914 SH   SOLE   74,914 0 0
NUCOR CORP COM 670346105   606,638 3,880 SH   DFND 1 0 0 3,880
OCCIDENTAL PETE CORP COM 674599105   8,586,738 132,348 SH   SOLE   132,348 0 0
O-I GLASS INC COM 67098H104   294,448 17,600 SH   DFND 1 0 0 17,600
OLD REP INTL CORP COM 680223104   474,144 17,600 SH   DFND 1 0 0 17,600
OLIN CORP COM PAR $1 680665205   7,018,092 140,418 SH   SOLE   140,418 0 0
OLYMPIC STEEL INC COM 68162K106   469,859 8,359 SH   DFND 1 0 0 8,359
OMEGA HEALTHCARE INVS INC COM 681936100   330,771 9,975 SH   DFND 1 0 0 9,975
ORION OFFICE REIT INC COM 68629Y103   183,230 35,169 SH   DFND 1 0 0 35,169
OSCAR HEALTH INC CL A 687793109   239,510 43,000 SH   DFND 1 0 0 43,000
OWENS CORNING NEW COM 690742101   392,861 2,880 SH   DFND 1 0 0 2,880
OWENS CORNING NEW COM 690742101   11,126,691 81,568 SH   SOLE   81,568 0 0
OXFORD INDS INC COM 691497309   7,318,089 76,127 SH   SOLE   76,127 0 0
PATHWARD FINANCIAL INC COM 59100U108   437,071 9,483 SH   DFND 1 0 0 9,483
PATRICK INDS INC COM 703343103   455,990 6,075 SH   DFND 1 0 0 6,075
PBF ENERGY INC CL A 69318G106   699,262 13,063 SH   DFND 1 0 0 13,063
PENNYMAC FINL SVCS INC NEW COM 70932M107   7,416,976 111,366 SH   SOLE   111,366 0 0
PENSKE AUTOMOTIVE GRP INC COM 70959W103   13,239,004 79,247 SH   SOLE   79,247 0 0
PENSKE AUTOMOTIVE GRP INC COM 70959W103   694,970 4,160 SH   DFND 1 0 0 4,160
PERDOCEO ED CORP COM 71363P106   578,083 33,806 SH   DFND 1 0 0 33,806
PERMIAN RESOURCES CORP CLASS A COM 71424F105   732,300 52,457 SH   DFND 1 0 0 52,457
PHILIP MORRIS INTL INC COM 718172109   680,463 7,350 SH   SOLE   7,350 0 0
PHOTRONICS INC COM 719405102   443,003 21,920 SH   DFND 1 0 0 21,920
PHYSICIANS RLTY TR COM 71943U104   216,787 18,126 SH   DFND 1 0 0 18,126
PIONEER NAT RES CO COM 723787107   7,533,372 32,818 SH   SOLE   32,818 0 0
PLAINS GP HLDGS L P LTD PARTNR INT A 72651A207   534,539 33,160 SH   DFND 1 0 0 33,160
PLAINS GP HLDGS L P LTD PARTNR INT A 72651A207   10,871,054 674,383 SH   SOLE   674,383 0 0
PRIMERICA INC COM 74164M108   364,739 1,880 SH   DFND 1 0 0 1,880
PRINCIPAL FINANCIAL GROUP IN COM 74251V102   8,549,592 118,629 SH   SOLE   118,629 0 0
PROG HOLDINGS INC COM NPV 74319R101   382,579 11,520 SH   DFND 1 0 0 11,520
PROG HOLDINGS INC COM NPV 74319R101   6,593,314 198,534 SH   SOLE   198,534 0 0
PULTE GROUP INC COM 745867101   550,858 7,439 SH   DFND 1 0 0 7,439
PULTE GROUP INC COM 745867101   12,569,173 169,739 SH   SOLE   169,739 0 0
PVH CORPORATION COM 693656100   336,644 4,400 SH   DFND 1 0 0 4,400
QUEST DIAGNOSTICS INC COM 74834L100   5,966,022 48,958 SH   SOLE   48,958 0 0
RADIAN GROUP INC COM 750236101   363,593 14,480 SH   DFND 1 0 0 14,480
RANGE RES CORP COM 75281A109   8,587,516 264,965 SH   SOLE   264,965 0 0
REGENCY CTRS CORP COM 758849103   537,456 9,042 SH   DFND 1 0 0 9,042
RELIANCE STEEL & ALUMINUM CO COM 759509102   12,485,557 47,613 SH   SOLE   47,613 0 0
RELIANCE STEEL & ALUMINUM CO COM 759509102   513,971 1,960 SH   DFND 1 0 0 1,960
REMITLY GLOBAL INC COM 75960P104   502,382 19,920 SH   DFND 1 0 0 19,920
RETAIL OPPORTUNITY INVTS COR COM 76131N101   235,220 19,000 SH   DFND 1 0 0 19,000
REXFORD INDL RLTY INC COM 76169C100   281,295 5,700 SH   DFND 1 0 0 5,700
RPT REALTY SH BEN INT 74971D101   280,896 26,600 SH   DFND 1 0 0 26,600
RYDER SYS INC COM 783549108   9,355,023 87,471 SH   SOLE   87,471 0 0
RYERSON HLDG CORP COM 783754104   10,540,558 362,343 SH   SOLE   362,343 0 0
RYERSON HLDG CORP COM 783754104   436,350 15,000 SH   DFND 1 0 0 15,000
SABRA HEALTH CARE REIT INC COM 78573L106   335,842 24,092 SH   DFND 1 0 0 24,092
SANMINA CORPORATION COM 801056102   8,235,144 151,716 SH   SOLE   151,716 0 0
SANMINA CORPORATION COM 801056102   441,785 8,139 SH   DFND 1 0 0 8,139
SAUL CTRS INC COM 804395101   268,052 7,600 SH   DFND 1 0 0 7,600
SCHOLASTIC CORP COM 807066105   453,103 11,880 SH   DFND 1 0 0 11,880
SCHWAB STRATEGIC TR US TIPS ETF 808524870   2,303,970 45,778 SH   DFND 1 0 0 45,778
SCHWAB STRATEGIC TR US TIPS ETF 808524870   2,280,787 45,259 SH   SOLE   26,899 0 18,360
SCIPLAY CORPORATION CL A 809087109   572,233 25,131 SH   DFND 1 0 0 25,131
SCOTTS MIRACLE-GRO CO CL A 810186106   542,640 10,500 SH   SOLE   10,500 0 0
SIMPLIFY EXCHANGE TRADED FUN MANAGED FUTURES 82889N699   1,240,466 45,026 SH   DFND 1 0 0 45,026
SITE CTRS CORP COM 82981J109   281,124 22,800 SH   DFND 1 0 0 22,800
SKYWEST INC COM 830879102   387,526 9,240 SH   DFND 1 0 0 9,240
SLM CORP COM 78442P106   5,825,410 427,710 SH   SOLE   427,710 0 0
SM ENERGY CO COM 78454L100   6,486,225 163,587 SH   SOLE   163,587 0 0
SNDL INC COM 83307B101   467,096 245,840 SH   SOLE   245,840 0 0
SPDR SER TR FTSE INT GVT ETF 78464A490   2,179,640 56,306 SH   DFND 1 0 0 56,306
SPDR SER TR FTSE INT GVT ETF 78464A490   1,233,204 31,857 SH   SOLE   31,857 0 0
SPIRIT RLTY CAP INC NEW COM NEW 84860W300   251,643 7,505 SH   DFND 1 0 0 7,505
STAG INDL INC COM 85254J102   219,000 6,346 SH   DFND 1 0 0 6,346
STEEL DYNAMICS INC COM 858119100   8,768,023 81,776 SH   SOLE   81,776 0 0
STEEL DYNAMICS INC COM 858119100   459,009 4,281 SH   DFND 1 0 0 4,281
STERLING INFRASTRUCTURE INC COM 859241101   505,542 6,880 SH   DFND 1 0 0 6,880
SYLVAMO CORP COMMON STOCK 871332102   6,968,855 160,795 SH   SOLE   160,795 0 0
SYNCHRONY FINANCIAL COM 87165B103   5,090,241 166,511 SH   SOLE   166,511 0 0
TANGER FACTORY OUTLET CTRS I COM 875465106   370,572 16,397 SH   DFND 1 0 0 16,397
TAPESTRY INC COM 876030107   5,924,053 206,054 SH   SOLE   206,054 0 0
TAYLOR MORRISON HOME CORP COM 87724P106   486,308 11,413 SH   DFND 1 0 0 11,413
TEREX CORP NEW COM 880779103   364,158 6,320 SH   DFND 1 0 0 6,320
THE CIGNA GROUP COM 125523100   8,772,623 30,666 SH   SOLE   30,666 0 0
THE ODP CORP COM 88337F105   7,585,168 164,359 SH   SOLE   164,359 0 0
THE ODP CORP COM 88337F105   460,715 9,983 SH   DFND 1 0 0 9,983
TILRAY BRANDS INC COM 88688T100   516,204 215,985 SH   SOLE   215,985 0 0
TIMKENSTEEL CORPORATION COM 887399103   752,381 34,640 SH   DFND 1 0 0 34,640
TOLL BROTHERS INC COM 889478103   13,385,799 180,987 SH   SOLE   180,987 0 0
TOLL BROTHERS INC COM 889478103   529,997 7,166 SH   DFND 1 0 0 7,166
TRAVELERS COMPANIES INC COM 89417E109   542,189 3,320 SH   DFND 1 0 0 3,320
TRI POINTE HOMES INC COM 87265H109   310,696 11,360 SH   DFND 1 0 0 11,360
TURNING PT BRANDS INC COM 90041L105   468,727 20,300 SH   SOLE   20,300 0 0
UNITED STATES STL CORP NEW COM 912909108   9,496,795 292,389 SH   SOLE   292,389 0 0
UNITED STS COMMODITY INDEX F COMM IDX FND 911717106   11,832,365 199,994 SH   DFND 1 0 0 199,994
UNIVERSAL CORP VA COM 913456109   421,349 8,925 SH   SOLE   8,925 0 0
UNIVERSAL HEALTH RLTY INCOME SH BEN INT 91359E105   271,164 6,707 SH   DFND 1 0 0 6,707
UNIVERSAL HLTH SVCS INC CL B 913903100   7,542,166 59,987 SH   SOLE   59,987 0 0
UNUM GROUP COM 91529Y106   724,077 14,720 SH   DFND 1 0 0 14,720
UPBOUND GROUP INC COM 76009N100   343,498 11,800 SH   DFND 1 0 0 11,800
URBAN OUTFITTERS INC COM 917047102   375,281 11,480 SH   DFND 1 0 0 11,480
URBAN-GRO INC COM NEW 91704K202   51,313 37,730 SH   SOLE   37,730 0 0
VALERO ENERGY CORP COM 91913Y100   10,957,301 77,322 SH   SOLE   77,322 0 0
VANECK ETF TRUST EMERGING MRKT HI 92189F353   1,943,372 109,668 SH   SOLE   109,668 0 0
VANECK ETF TRUST JP MRGAN EM LOC 92189H300   7,100,273 299,202 SH   DFND 1 0 0 299,202
VANECK ETF TRUST INTERNATIONAL HI 92189F445   993,116 50,986 SH   SOLE   50,986 0 0
VANECK ETF TRUST GOLD MINERS ETF 92189F106   412,207 15,318 SH   SOLE   15,318 0 0
VANECK ETF TRUST JP MRGAN EM LOC 92189H300   4,662,926 196,251 SH   SOLE   154,876 0 41,375
VANGUARD BD INDEX FDS TOTAL BND MRKT 921937835   6,712,550 96,462 SH   DFND 1 0 0 96,462
VANGUARD BD INDEX FDS TOTAL BND MRKT 921937835   4,694,660 67,406 SH   SOLE   46,250 0 21,156
VANGUARD CHARLOTTE FDS TOTAL INT BD ETF 92203J407   3,216,374 67,356 SH   SOLE   66,243 0 1,113
VANGUARD INDEX FDS TOTAL STK MKT 922908769   128,919 607 SH   SOLE   0 0 607
VANGUARD INDEX FDS TOTAL STK MKT 922908769   11,660,884 54,898 SH   DFND 1 0 0 54,898
VANGUARD MUN BD FDS TAX EXEMPT BD 922907746   290,574 6,041 SH   SOLE   0 0 6,041
VANGUARD SCOTTSDALE FDS INTER TERM TREAS 92206C706   8,392,394 147,204 SH   DFND 1 0 0 147,204
VANGUARD SCOTTSDALE FDS INTER TERM TREAS 92206C706   1,968,111 34,521 SH   SOLE   34,521 0 0
VANGUARD SCOTTSDALE FDS LONG TERM TREAS 92206C847   1,598,972 28,897 SH   SOLE   28,897 0 0
VANGUARD SCOTTSDALE FDS SHRT TRM CORP BD 92206C409   1,034,182 13,801 SH   SOLE   13,801 0 0
VANGUARD SCOTTSDALE FDS INT-TERM CORP 92206C870   1,470,783 19,425 SH   SOLE   19,425 0 0
VERADIGM INC COM 01988P108   897,528 68,305 SH   SOLE   68,305 0 0
VERITIV CORP COM 923454102   8,653,929 51,237 SH   SOLE   51,237 0 0
VIATRIS INC COM 92556V106   6,511,071 660,352 SH   SOLE   660,352 0 0
VICI PPTYS INC COM 925652109   270,921 9,310 SH   DFND 1 0 0 9,310
VILLAGE FARMS INTL INC COM 92707Y108   97,917 122,780 SH   SOLE   122,780 0 0
VISHAY INTERTECHNOLOGY INC COM 928298108   316,416 12,800 SH   DFND 1 0 0 12,800
VOYA FINANCIAL INC COM 929089100   1,469,409 22,113 SH   SOLE   22,113 0 0
VOYA FINANCIAL INC COM 929089100   441,228 6,640 SH   DFND 1 0 0 6,640
WABASH NATL CORP COM 929566107   293,146 13,880 SH   DFND 1 0 0 13,880
WARRIOR MET COAL INC COM 93627C101   10,346,612 202,557 SH   SOLE   202,557 0 0
WARRIOR MET COAL INC COM 93627C101   617,046 12,080 SH   DFND 1 0 0 12,080
WESTERN UN CO COM 959802109   4,928,134 373,910 SH   SOLE   373,910 0 0
WESTLAKE CORPORATION COM 960413102   495,314 3,973 SH   DFND 1 0 0 3,973
WHIRLPOOL CORP COM 963320106   6,329,893 47,344 SH   SOLE   47,344 0 0
WISDOMTREE TR EM LCL DEBT FD 97717X867   134,756 5,132 SH   SOLE   0 0 5,132
WISDOMTREE TR FUTRE STRAT FD 97717W125   3,072,259 87,255 SH   SOLE   0 0 87,255
WISDOMTREE TR WISDOMTREE US VA 97717W547   244,251 3,954 SH   SOLE   0 0 3,954
WISDOMTREE TR FUTRE STRAT FD 97717W125   11,738,410 333,380 SH   DFND 1 0 0 333,380
WISDOMTREE TR EM LCL DEBT FD 97717X867   11,265,147 428,985 SH   DFND 1 0 0 428,985
WM TECHNOLOGY INC COM 92971A109   87,965 66,640 SH   SOLE   66,640 0 0
XEROX HOLDINGS CORP COM NEW 98421M106   5,094,276 324,683 SH   SOLE   324,683 0 0