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 (x$1000) PRN AMT PRN CALL DISCRETION MANAGER SOLE SHARED NONE
AbbVie Inc COM 00287Y109 4,964 85,948 SH   DFND 1 85,637 0 311
Abengoa Yield plc ORD SHS G00349103 1,605 52,130 SH   DFND 1 52,130 0 0
Actuant Corp CL A NEW 00508X203 10,804 354,002 SH   DFND 1 353,812 0 190
Agrium Inc COM 008916108 97,358 1,110,505 SH   DFND 1 1,090,394 0 20,111
Albany International Corp CL A 012348108 44,598 1,310,161 SH   DFND 1 1,309,827 0 334
AllianceBernstein Global High Income Fund Inc COM 01879R106 1,533 112,700 SH   DFND 1 112,700 0 0
American International Group Inc COM NEW 026874784 151,110 2,841,413 SH   DFND 1 2,790,013 0 51,400
Analog Devices Inc COM 032654105 4,994 100,900 SH   DFND 1 100,900 0 0
Analogic Corp COM PAR $0.05 032657207 23,386 365,630 SH   DFND 1 365,630 0 0
AngloGold Ashanti Ltd SPONSORED ADR 035128206 48,303 4,097,627 SH   DFND 1 4,025,207 0 72,420
Aon PLC SHS CL A G0408V102 194,259 2,254,395 SH   DFND 1 2,208,105 0 46,290
Apache Corp COM 037411105 226,142 2,453,598 SH   DFND 1 2,409,004 0 44,594
Apollo Global Management LLC CL A SHS 037612306 2,831 118,750 SH   DFND 1 118,750 0 0
Apple Inc COM 037833100 3,147 31,237 SH   DFND 1 31,237 0 0
Ares Capital Corp COM 04010L103 11,034 682,800 SH   DFND 1 682,800 0 0
Ares Dynamic Credit Allocation Fund Inc COM 04014F102 6,646 390,003 SH   DFND 1 390,003 0 0
Arlington Asset Investment Corp CL A NEW 041356205 6,198 243,923 SH   DFND 1 243,923 0 0
Ashford Hospitality Trust Inc 9% CUM PFD SER E 044103505 4,186 153,902 SH   DFND 1 153,902 0 0
AstraZeneca PLC SPONSORED ADR 046353108 4,606 64,475 SH   DFND 1 64,475 0 0
Astronics Corp COM 046433108 42,376 888,763 SH   DFND 1 888,546 0 217
AuRico Gold Inc COM 05155C105 1,352 387,450 SH   DFND 1 387,450 0 0
Avery Dennison Corp COM 053611109 39,932 898,896 SH   DFND 1 898,611 0 285
Avon Products Inc COM 054303102 93,574 7,445,239 SH   DFND 1 7,294,048 0 151,191
Axis Capital Holdings Ltd SHS G0692U109 35,789 756,167 SH   DFND 1 755,655 0 512
Baker Hughes Inc COM 057224107 90,935 1,420,542 SH   DFND 1 1,391,820 0 28,722
Bank of New York Mellon Corp/The COM 064058100 7,244 187,050 SH   DFND 1 187,050 0 0
Barrick Gold Corp COM 067901108 909 62,000 SH   DFND 1 62,000 0 0
Bio-Rad Laboratories Inc CL A 090572207 59,338 526,106 SH   DFND 1 525,808 0 298
Boise Cascade Co COM 09739D100 20,739 688,095 SH   DFND 1 688,095 0 0
Boston Private Financial Holdings Inc DEP SHS 101119303 2,678 107,673 SH   DFND 1 107,673 0 0
Brandywine Realty Trust SH BEN INT NEW 105368203 42,156 3,008,070 SH   DFND 1 3,007,341 0 729
Bruker Corp COM 116794108 24,292 1,312,031 SH   DFND 1 1,311,327 0 704
CA Inc COM 12673P105 179,044 6,517,678 SH   DFND 1 6,404,276 0 113,402
Canadian Natural Resources Ltd COM 136385101 120,488 3,156,241 SH   DFND 1 3,097,332 0 58,909
Capital Bank Financial Corp CL A COM 139794101 12,062 505,124 SH   DFND 1 504,994 0 130
Capital One Financial Corp COM 14040H105 126,987 1,579,336 SH   DFND 1 1,552,121 0 27,215
Carrizo Oil & Gas Inc COM 144577103 19,559 363,408 SH   DFND 1 363,305 0 103
CenturyLink Inc COM 156700106 53,484 1,330,434 SH   DFND 1 1,307,134 0 23,300
Cisco Systems Inc COM 17275R102 103,594 4,180,554 SH   DFND 1 4,101,015 0 79,539
CIT Group Inc COM NEW 125581801 96,416 2,133,003 SH   DFND 1 2,093,331 0 39,672
Citigroup Inc COM NEW 172967424 271,438 5,331,898 SH   DFND 1 5,238,271 0 93,627
Clearwater Paper Corp COM 18538R103 21,069 350,511 SH   DFND 1 350,320 0 191
Coherent Inc COM 192479103 84,537 1,377,489 SH   DFND 1 1,377,104 0 385
Compass Diversified Holdings SH BEN INT 20451Q104 1,378 78,718 SH   DFND 1 78,718 0 0
Comstock Resources Inc COM NEW 205768203 46,713 2,508,749 SH   DFND 1 2,508,111 0 638
Cushing Royalty & Income Fund/The COM SH BEN INT 23164R104 4,158 231,517 SH   DFND 1 231,517 0 0
CVS Health Corp COM 126650100 151,907 1,939,169 SH   DFND 1 1,899,001 0 40,168
Deltic Timber Corp COM 247850100 33,514 537,772 SH   DFND 1 537,612 0 160
Denbury Resources Inc COM NEW 247916208 33,299 2,229,165 SH   DFND 1 2,228,324 0 841
Eaton Corp PLC SHS G29183103 928 14,650 SH   DFND 1 14,650 0 0
eBay Inc COM 278642103 82,208 1,474,159 SH   DFND 1 1,448,254 0 25,905
Elizabeth Arden Inc COM 28660G106 57,183 3,415,972 SH   DFND 1 3,415,014 0 958
Energy Transfer Equity LP COM UT LTD PTN 29273V100 1,565 25,375 SH   DFND 1 25,375 0 0
EnerSys COM 29275Y102 32,461 553,556 SH   DFND 1 553,414 0 142
Entegris Inc COM 29362U104 20,578 1,789,419 SH   DFND 1 1,789,419 0 0
Equity Commonwealth CUM PFD E 7.25% 294628409 323 12,560 SH   DFND 1 12,560 0 0
Esterline Technologies Corp COM 297425100 20,046 180,160 SH   DFND 1 180,160 0 0
Euronet Worldwide Inc COM 298736109 19,750 413,268 SH   DFND 1 413,148 0 120
Express Inc COM 30219E103 23,760 1,535,934 SH   DFND 1 1,535,025 0 909
Exxon Mobil Corp COM 30231G102 647 6,875 SH   DFND 1 6,875 0 0
FBR & Co COM NEW 30247C400 24,353 898,782 SH   DFND 1 898,669 0 113
Ford Motor Co COM PAR $0.01 345370860 103,787 7,123,579 SH   DFND 1 7,002,260 0 121,319
Forestar Group Inc COM 346233109 82,761 4,670,464 SH   DFND 1 4,669,142 0 1,322
FS Investment Corp COM 302635107 4,008 375,700 SH   DFND 1 375,700 0 0
General Electric Co COM 369604103 3,571 139,395 SH   DFND 1 139,395 0 0
General Motors Co COM 37045V100 182,223 5,804,278 SH   DFND 1 5,700,321 0 103,957
GlaxoSmithKline PLC SPONSORED ADR 37733W105 9,568 208,125 SH   DFND 1 208,125 0 0
Goldman Sachs Group Inc/The COM 38141G104 98,437 545,817 SH   DFND 1 534,509 0 11,308
GP Strategies Corp COM 36225V104 36,599 1,274,346 SH   DFND 1 1,274,346 0 0
Griffon Corp COM 398433102 9,312 817,592 SH   DFND 1 817,338 0 254
GSI Group Inc COM NEW 36191C205 24,202 2,106,384 SH   DFND 1 2,106,384 0 0
Hannon Armstrong Sustainable Infrastructure Capital Inc COM 41068X100 3,178 229,977 SH   DFND 1 229,977 0 0
Harman International Industries Inc COM 413086109 18,323 186,889 SH   DFND 1 186,783 0 106
Hartford Financial Services Group Inc/The COM 416515104 203,269 5,548,924 SH   DFND 1 5,452,826 0 96,098
Hercules Technology Growth Capital Inc COM 427096508 6,224 430,400 SH   DFND 1 430,400 0 0
Hilton Worldwide Holdings Inc COM 43300A104 3,800 154,301 SH   DFND 1 154,301 0 0
HomeStreet Inc COM 43785V102 2,381 139,323 SH   DFND 1 139,323 0 0
Hooker Furniture Corp COM 439038100 22,914 1,506,489 SH   DFND 1 1,506,489 0 0
Impax Laboratories Inc COM 45256B101 30,651 1,298,995 SH   DFND 1 1,298,405 0 590
ING Groep NV SPONSORED ADR 456837103 5,067 357,075 SH   DFND 1 357,075 0 0
Ingersoll-Rand PLC SHS G47791101 115,891 2,088,985 SH   DFND 1 2,052,253 0 36,732
Integrated Device Technology Inc COM 458118106 24,973 1,565,715 SH   DFND 1 1,565,715 0 0
Intelsat SA MAN CONV JR PFD L5140P119 3 58,450 PRN   DFND 1 58,450 0 0
Inter Parfums Inc COM 458334109 40,425 1,469,983 SH   DFND 1 1,469,558 0 425
International Rectifier Corp COM 460254105 17,983 458,272 SH   DFND 1 458,118 0 154
Interpublic Group of Cos Inc/The COM 460690100 163,615 8,954,522 SH   DFND 1 8,812,338 0 142,184
iShares Core U.S. Aggregate Bond ETF CORE US AGGBD ET 464287226 1,506 13,800 SH   DFND 1 13,800 0 0
iShares iBoxx $ Investment Grade Corporate Bond ETF IBOXX INV CP ETF 464287242 24,730 209,186 SH   DFND 1 191,872 0 17,314
Jazz Pharmaceuticals PLC SHS USD G50871105 22,270 138,705 SH   DFND 1 138,630 0 75
JDS Uniphase Corp COM PAR $0.001 46612J507 15,776 1,232,515 SH   DFND 1 1,231,850 0 665
JPMorgan Chase & Co COM 46625H100 191,178 3,224,058 SH   DFND 1 3,171,187 0 52,871
Key Energy Services Inc COM 492914106 72,402 15,018,625 SH   DFND 1 15,015,166 0 3,459
Koninklijke Philips NV NY REG SH NEW 500472303 2,710 85,450 SH   DFND 1 85,450 0 0
Laclede Group Inc/The COM 505597104 33,033 711,920 SH   DFND 1 711,725 0 195
Landec Corp COM 514766104 10,623 867,182 SH   DFND 1 867,182 0 0
Lattice Semiconductor Corp COM 518415104 57,128 7,617,005 SH   DFND 1 7,614,861 0 2,144
LinnCo LLC COMSHS LTD INT 535782106 5,790 200,000 SH   DFND 1 200,000 0 0
Loews Corp COM 540424108 109,527 2,675,119 SH   DFND 1 2,625,083 0 50,036
Louisiana-Pacific Corp COM 546347105 54,362 4,000,123 SH   DFND 1 3,999,007 0 1,116
Marten Transport Ltd COM 573075108 25,660 1,440,790 SH   DFND 1 1,440,790 0 0
Materion Corp COM 576690101 21,290 694,170 SH   DFND 1 694,170 0 0
McDermott International Inc COM 580037109 51,177 8,989,716 SH   DFND 1 8,987,640 0 2,076
McDonald's Corp COM 580135101 23,168 244,360 SH   DFND 1 235,608 0 8,752
Medley Capital Corp COM 58503F106 5,170 437,770 SH   DFND 1 437,770 0 0
Merck & Co Inc COM 58933Y105 4,968 83,811 SH   DFND 1 83,811 0 0
Methode Electronics Inc COM 591520200 7,582 205,642 SH   DFND 1 205,642 0 0
MetLife Inc COM 59156R108 148,671 2,815,435 SH   DFND 1 2,758,569 0 56,866
MFS Intermediate Income Trust SH BEN INT 55273C107 5,377 1,073,254 SH   DFND 1 1,073,254 0 0
Microchip Technology Inc COM 595017104 5,113 108,250 SH   DFND 1 108,250 0 0
Microsemi Corp COM 595137100 88,779 3,493,853 SH   DFND 1 3,492,902 0 951
Microsoft Corp COM 594918104 221,884 4,865,012 SH   DFND 1 4,783,912 0 81,100
Mitel Networks Corp COM 60671Q104 54,923 6,002,475 SH   DFND 1 6,000,743 0 1,732
MKS Instruments Inc COM 55306N104 20,200 605,156 SH   DFND 1 604,973 0 183
National CineMedia Inc COM 635309107 7,126 491,100 SH   DFND 1 491,100 0 0
Navios Maritime Holdings Inc SPON ADR PFD H 63938Y308 5,151 210,500 SH   DFND 1 210,500 0 0
Navios Maritime Holdings Inc SPN ADR RP PFD G 63938Y100 909 35,867 SH   DFND 1 35,867 0 0
Neenah Paper Inc COM 640079109 20,728 387,581 SH   DFND 1 387,581 0 0
New Residential Investment Corp COM 64828T102 53,912 1,008,075 SH   DFND 1 1,008,075 0 0
Nippon Telegraph & Telephone Corp SPONSORED ADR 654624105 5,364 172,422 SH   DFND 1 172,422 0 0
NorthStar Realty Finance Corp COM NEW 66704R704 4,161 235,500 SH   DFND 1 235,500 0 0
Norwegian Cruise Line Holdings Ltd SHS G66721104 126,614 3,578,186 SH   DFND 1 3,512,861 0 65,325
NRG Energy Inc COM NEW 629377508 145,074 4,833,193 SH   DFND 1 4,750,512 0 82,681
Occidental Petroleum Corp COM 674599105 176,683 1,867,497 SH   DFND 1 1,834,169 0 33,328
Oracle Corp COM 68389X105 174,809 4,639,806 SH   DFND 1 4,562,542 0 77,264
Orbital Sciences Corp COM 685564106 42,992 1,546,479 SH   DFND 1 1,546,055 0 424
PACCAR Inc COM 693718108 96,923 1,732,261 SH   DFND 1 1,702,905 0 29,356
PacWest Bancorp COM 695263103 36,997 897,344 SH   DFND 1 897,112 0 232
PennantPark Floating Rate Capital Ltd COM 70806A106 6,268 454,877 SH   DFND 1 454,877 0 0
PennyMac Financial Services Inc CL A 70932B101 1,588 108,400 SH   DFND 1 108,400 0 0
PennyMac Mortgage Investment Trust COM 70931T103 15,248 721,416 SH   DFND 1 721,330 0 86
Pfizer Inc COM 717081103 184,769 6,338,458 SH   DFND 1 6,240,573 0 97,885
PH Glatfelter Co COM 377316104 52,344 2,384,678 SH   DFND 1 2,383,991 0 687
Philip Morris International Inc COM 718172109 53,128 648,384 SH   DFND 1 635,677 0 12,707
Phillips 66 COM 718546104 71,317 892,781 SH   DFND 1 876,298 0 16,483
PNC Financial Services Group Inc/The COM 693475105 63,588 754,730 SH   DFND 1 739,764 0 14,966
PrivateBancorp Inc COM 742962103 36,177 1,213,532 SH   DFND 1 1,213,229 0 303
Procter & Gamble Co/The COM 742718109 2,261 27,000 SH   DFND 1 27,000 0 0
Rambus Inc COM 750917106 23,611 1,891,899 SH   DFND 1 1,890,868 0 1,031
Raytheon Co COM NEW 755111507 95,554 956,869 SH   DFND 1 936,682 0 20,187
Redwood Trust Inc COM 758075402 8,445 517,299 SH   DFND 1 517,232 0 67
Reinsurance Group of America Inc COM NEW 759351604 52,719 661,893 SH   DFND 1 661,633 0 260
Retail Opportunity Investments Corp COM 76131N101 1,838 125,000 SH   DFND 1 125,000 0 0
Royal Dutch Shell PLC SPONS ADR A 780259206 6,593 86,600 SH   DFND 1 86,600 0 0
Sagent Pharmaceuticals Inc COM 786692103 16,089 517,326 SH   DFND 1 517,326 0 0
SandRidge Permian Trust COM UNIT BEN INT 80007A102 1,368 140,900 SH   DFND 1 140,900 0 0
Sanofi SPONSORED ADR 80105N105 133,750 2,409,040 SH   DFND 1 2,368,330 0 40,710
Stonemor Partners LP COM UNITS 86183Q100 2,943 114,100 SH   DFND 1 114,100 0 0
Stoneridge Inc COM 86183P102 22,646 2,009,392 SH   DFND 1 2,009,392 0 0
Suncor Energy Inc COM 867224107 3,539 97,900 SH   DFND 1 97,900 0 0
Sunstone Hotel Investors Inc CV 8% CUM PFD-D 867892507 540 20,199 SH   DFND 1 20,199 0 0
Talisman Energy Inc COM 87425E103 200,077 23,489,275 SH   DFND 1 23,086,003 0 403,272
Target Corp COM 87612E106 133,894 2,171,613 SH   DFND 1 2,132,871 0 38,742
TCP Capital Corp COM 87238Q103 2,764 172,000 SH   DFND 1 172,000 0 0
Telefonaktiebolaget LM Ericsson ADR B SEK 10 294821608 7,033 558,600 SH   DFND 1 558,600 0 0
Teradyne Inc COM 880770102 200,964 10,490,318 SH   DFND 1 10,355,233 0 135,085
Teva Pharmaceutical Industries Ltd ADR 881624209 248,553 4,698,117 SH   DFND 1 4,618,572 0 79,545
Texas Capital Bancshares Inc COM 88224Q107 48,114 834,151 SH   DFND 1 833,909 0 242
Time Warner Inc COM NEW 887317303 119,324 1,613,603 SH   DFND 1 1,580,557 0 33,046
Total SA SPONSORED ADR 89151E109 6,062 94,050 SH   DFND 1 94,050 0 0
TriplePoint Venture Growth BDC Corp COM 89677Y100 3,561 243,766 SH   DFND 1 243,766 0 0
Tsakos Energy Navigation Ltd SHS G9108L108 2,367 371,000 SH   DFND 1 371,000 0 0
UMH Properties Inc CV RED PFD-A 903002202 1,166 44,282 SH   DFND 1 44,282 0 0
Union Pacific Corp COM 907818108 115,920 1,085,492 SH   DFND 1 1,061,292 0 24,200
UnitedHealth Group Inc COM 91324P102 2,137 24,777 SH   DFND 1 24,777 0 0
Unum Group COM 91529Y106 216,628 6,404,084 SH   DFND 1 6,294,630 0 109,454
VeriFone Systems Inc COM 92342Y109 34,367 999,629 SH   DFND 1 998,944 0 685
Viacom Inc CL B 92553P201 145,112 1,917,860 SH   DFND 1 1,882,748 0 35,112
Vodafone Group PLC SPNSR ADR NO PAR 92857W308 2,577 78,361 SH   DFND 1 78,361 0 0
Waste Management Inc COM 94106L109 944 19,857 SH   DFND 1 19,809 0 48
Wells Fargo & Co COM 949746101 178,177 3,487,441 SH   DFND 1 3,421,440 0 66,001
WESCO International Inc COM 95082P105 15,371 196,413 SH   DFND 1 196,305 0 108
Western Alliance Bancorp COM 957638109 52,888 2,212,895 SH   DFND 1 2,212,319 0 576
Weyerhaeuser Co COM 962166104 781 24,520 SH   DFND 1 24,252 0 268
Whiting USA Trust II TR UNIT 966388100 5,304 434,416 SH   DFND 1 434,416 0 0
Williams Cos Inc/The COM 969457100 3,039 54,900 SH   DFND 1 54,900 0 0
Woodward Inc COM 980745103 29,770 625,163 SH   DFND 1 624,842 0 321
Yorkville High Income MLP YORK HIINC MLP 301505103 1,351 76,200 SH   DFND 1 76,200 0 0
Zions Bancorporation COM 989701107 123,641 4,305,438 SH   DFND 1 4,245,046 0 60,392