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 6,283 96,015 SH   DFND 1 95,643 0 372
Abengoa Yield plc ORD SHS G00349103 1,232 45,125 SH   DFND 1 45,125 0 0
Actuant Corp CL A NEW 00508X203 12,422 456,046 SH   DFND 1 455,739 0 307
Agrium Inc COM 008916108 88,563 935,003 SH   DFND 1 916,141 0 18,862
Albany International Corp CL A 012348108 54,120 1,424,595 SH   DFND 1 1,424,177 0 418
Ally Financial Inc COM 02005N100 1,570 66,500 SH   DFND 1 66,500 0 0
American International Group Inc COM NEW 026874784 90,476 1,615,361 SH   DFND 1 1,583,510 0 31,851
Analog Devices Inc COM 032654105 3,672 66,140 SH   DFND 1 66,140 0 0
Analog Devices Inc COM 032654105 3,658 65,900 SH Call DFND 1 65,900 0 0
Analogic Corp COM PAR $0.05 032657207 39,865 471,165 SH   DFND 1 471,165 0 0
AngloGold Ashanti Ltd SPONSORED ADR 035128206 29,521 3,393,286 SH   DFND 1 3,325,546 0 67,740
Aon PLC SHS CL A G0408V102 160,103 1,688,326 SH   DFND 1 1,652,508 0 35,818
Apache Corp COM 037411105 67,041 1,069,750 SH   DFND 1 1,049,272 0 20,478
Apple Inc COM 037833100 3,067 27,790 SH   DFND 1 27,790 0 0
ArcelorMittal MAND CV NT 16 L0302D178 3,025 174,900 PRN   DFND 1 174,900 0 0
Ares Capital Corp COM 04010L103 10,766 689,928 SH   DFND 1 689,928 0 0
Ares Dynamic Credit Allocation Fund Inc COM 04014F102 4,816 304,481 SH   DFND 1 304,481 0 0
Arlington Asset Investment Corp CL A NEW 041356205 6,102 229,348 SH   DFND 1 229,348 0 0
Ashford Hospitality Trust Inc 9% CUM PFD SER E 044103505 3,942 148,892 SH   DFND 1 148,892 0 0
AstraZeneca PLC SPONSORED ADR 046353108 4,676 66,440 SH   DFND 1 66,440 0 0
Astronics Corp COM 046433108 49,345 892,163 SH   DFND 1 891,933 0 230
AuRico Gold Inc COM 05155C105 925 282,200 SH   DFND 1 282,200 0 0
Avery Dennison Corp COM 053611109 45,098 869,277 SH   DFND 1 868,941 0 336
Axis Capital Holdings Ltd SHS G0692U109 38,543 754,422 SH   DFND 1 753,921 0 501
Bank of New York Mellon Corp/The COM 064058100 7,598 187,295 SH   DFND 1 187,295 0 0
Bio-Rad Laboratories Inc CL A 090572207 67,318 558,378 SH   DFND 1 558,002 0 376
Boise Cascade Co COM 09739D100 28,528 767,915 SH   DFND 1 767,915 0 0
Boston Private Financial Holdings Inc DEP SHS 101119303 2,472 98,900 SH   DFND 1 98,900 0 0
Brandywine Realty Trust SH BEN INT NEW 105368203 86,090 5,387,401 SH   DFND 1 5,385,874 0 1,527
Bruker Corp COM 116794108 33,322 1,698,398 SH   DFND 1 1,697,301 0 1,097
CA Inc COM 12673P105 167,098 5,487,624 SH   DFND 1 5,382,271 0 105,353
Canadian Natural Resources Ltd COM 136385101 82,945 2,686,062 SH   DFND 1 2,631,139 0 54,923
Capital Bank Financial Corp CL A COM 139794101 51,607 1,925,636 SH   DFND 1 1,925,217 0 419
Capital One Financial Corp COM 14040H105 107,317 1,300,030 SH   DFND 1 1,274,436 0 25,594
Cisco Systems Inc COM 17275R102 97,083 3,490,326 SH   DFND 1 3,416,885 0 73,441
CIT Group Inc COM NEW 125581801 105,607 2,207,981 SH   DFND 1 2,165,450 0 42,531
Citigroup Inc COM NEW 172967424 227,641 4,207,011 SH   DFND 1 4,122,984 0 84,027
Clearwater Paper Corp COM 18538R103 22,007 321,046 SH   DFND 1 320,835 0 211
Coherent Inc COM 192479103 109,545 1,804,112 SH   DFND 1 1,803,367 0 745
Copa Holdings SA CL A P31076105 41,872 404,020 SH   DFND 1 396,499 0 7,521
Cushing Royalty & Income Fund/The COM SH BEN INT 23164R104 624 79,390 SH   DFND 1 79,390 0 0
CVS Health Corp COM 126650100 123,979 1,287,296 SH   DFND 1 1,261,296 0 26,000
Deltic Timber Corp COM 247850100 32,471 474,732 SH   DFND 1 474,578 0 154
Denbury Resources Inc COM NEW 247916208 6,480 797,112 SH   DFND 1 797,001 0 111
Eaton Corp PLC SHS G29183103 941 13,850 SH   DFND 1 13,850 0 0
eBay Inc COM 278642103 100,353 1,788,194 SH   DFND 1 1,753,902 0 34,292
Elizabeth Arden Inc COM 28660G106 76,379 3,570,801 SH   DFND 1 3,569,717 0 1,084
EnerSys COM 29275Y102 42,389 686,807 SH   DFND 1 686,623 0 184
Entegris Inc COM 29362U104 24,829 1,879,599 SH   DFND 1 1,879,599 0 0
Equity Commonwealth CUM PFD E 7.25% 294628409 309 12,133 SH   DFND 1 12,133 0 0
Euronet Worldwide Inc COM 298736109 23,140 421,503 SH   DFND 1 421,360 0 143
Express Inc COM 30219E103 24,826 1,690,025 SH   DFND 1 1,689,497 0 528
Exxon Mobil Corp COM 30231G102 639 6,916 SH   DFND 1 6,916 0 0
FBR & Co COM NEW 30247C400 21,365 868,861 SH   DFND 1 868,736 0 125
Ford Motor Co COM PAR $0.01 345370860 91,976 5,933,940 SH   DFND 1 5,822,275 0 111,665
Forestar Group Inc COM 346233109 77,432 5,028,086 SH   DFND 1 5,026,412 0 1,674
General Electric Co COM 369604103 3,122 123,576 SH   DFND 1 123,576 0 0
General Motors Co COM 37045V100 172,562 4,943,069 SH   DFND 1 4,845,161 0 97,908
GlaxoSmithKline PLC SPONSORED ADR 37733W105 8,745 204,625 SH   DFND 1 204,625 0 0
GP Strategies Corp COM 36225V104 24,878 733,226 SH   DFND 1 733,226 0 0
GSI Group Inc COM NEW 36191C205 33,949 2,306,322 SH   DFND 1 2,306,322 0 0
Hannon Armstrong Sustainable Infrastructure Capital Inc COM 41068X100 5,880 413,277 SH   DFND 1 413,277 0 0
Hartford Financial Services Group Inc/The COM 416515104 193,146 4,632,930 SH   DFND 1 4,544,587 0 88,343
Hercules Technology Growth Capital Inc COM 427096508 4,980 334,710 SH   DFND 1 334,710 0 0
Hilton Worldwide Holdings Inc COM 43300A104 49,750 1,906,881 SH   DFND 1 1,860,608 0 46,273
HomeStreet Inc COM 43785V102 4,788 275,018 SH   DFND 1 275,018 0 0
Hooker Furniture Corp COM 439038100 28,963 1,686,869 SH   DFND 1 1,686,869 0 0
Impax Laboratories Inc COM 45256B101 28,703 906,043 SH   DFND 1 905,569 0 474
ING Groep NV SPONSORED ADR 456837103 4,585 353,575 SH   DFND 1 353,575 0 0
Ingersoll-Rand PLC SHS G47791101 112,656 1,777,197 SH   DFND 1 1,743,385 0 33,812
Inland Real Estate Corp REDM PFD SER B 457461507 2,145 84,494 SH   DFND 1 84,494 0 0
Integrated Device Technology Inc COM 458118106 40,167 2,049,345 SH   DFND 1 2,049,345 0 0
Intelsat SA MAN CONV JR PFD L5140P119 2,751 58,550 PRN   DFND 1 58,550 0 0
Inter Parfums Inc COM 458334109 43,841 1,597,146 SH   DFND 1 1,596,619 0 527
Interpublic Group of Cos Inc/The COM 460690100 154,017 7,415,392 SH   DFND 1 7,284,176 0 131,216
iShares Core US Value ETF CORE US VAL ETF 464287663 2,897 21,225 SH   DFND 1 21,225 0 0
iShares iBoxx $ High Yield Corporate Bond ETF IBOXX HI YD ETF 464288513 5,656 63,125 SH   DFND 1 63,125 0 0
iShares iBoxx $ Investment Grade Corporate Bond ETF IBOXX INV CP ETF 464287242 24,028 201,228 SH   DFND 1 184,687 0 16,541
iShares MSCI EAFE ETF MSCI EAFE ETF 464287465 218 3,585 SH   DFND 1 3,316 0 269
iShares Russell 1000 Value ETF RUS 1000 VAL ETF 464287598 18,391 176,162 SH   DFND 1 172,296 0 3,866
iShares US Preferred Stock ETF U.S. PFD STK ETF 464288687 18,820 477,200 SH   DFND 1 477,200 0 0
Jazz Pharmaceuticals PLC SHS USD G50871105 10,606 64,783 SH   DFND 1 64,741 0 42
JDS Uniphase Corp COM PAR $0.001 46612J507 16,014 1,167,225 SH   DFND 1 1,166,436 0 789
JPMorgan Chase & Co COM 46625H100 171,120 2,734,431 SH   DFND 1 2,685,066 0 49,365
Koninklijke Philips NV NY REG SH NEW 500472303 5,035 173,630 SH   DFND 1 173,630 0 0
Laclede Group Inc/The COM 505597104 52,224 981,670 SH   DFND 1 981,374 0 296
Landec Corp COM 514766104 18,561 1,344,072 SH   DFND 1 1,344,072 0 0
Lattice Semiconductor Corp COM 518415104 70,998 10,304,609 SH   DFND 1 10,301,557 0 3,052
Loews Corp COM 540424108 94,467 2,248,160 SH   DFND 1 2,201,414 0 46,746
Louisiana-Pacific Corp COM 546347105 46,505 2,808,277 SH   DFND 1 2,807,369 0 908
Marten Transport Ltd COM 573075108 58,796 2,689,667 SH   DFND 1 2,688,974 0 693
Materion Corp COM 576690101 44,573 1,265,213 SH   DFND 1 1,264,876 0 337
Medley Capital Corp COM 58503F106 5,079 549,746 SH   DFND 1 549,746 0 0
Merck & Co Inc COM 58933Y105 4,760 83,828 SH   DFND 1 83,828 0 0
MetLife Inc COM 59156R108 128,044 2,367,247 SH   DFND 1 2,314,452 0 52,795
MFS Intermediate Income Trust SH BEN INT 55273C107 4,934 1,032,378 SH   DFND 1 1,032,378 0 0
Microchip Technology Inc COM 595017104 3,211 71,200 SH   DFND 1 71,200 0 0
Microsemi Corp COM 595137100 101,445 3,574,554 SH   DFND 1 3,573,389 0 1,165
Microsoft Corp COM 594918104 193,283 4,161,108 SH   DFND 1 4,085,852 0 75,256
Mitel Networks Corp COM 60671Q104 70,504 6,595,414 SH   DFND 1 6,593,178 0 2,236
MKS Instruments Inc COM 55306N104 11,058 302,147 SH   DFND 1 302,045 0 102
Monsanto Co COM 61166W101 3,300 27,625 SH   DFND 1 27,625 0 0
National CineMedia Inc COM 635309107 2,118 147,425 SH   DFND 1 147,425 0 0
Navios Maritime Holdings Inc SPON ADR PFD H 63938Y308 4,031 218,505 SH   DFND 1 218,505 0 0
Navios Maritime Holdings Inc SPN ADR RP PFD G 63938Y100 815 42,949 SH   DFND 1 42,949 0 0
Neenah Paper Inc COM 640079109 24,234 402,091 SH   DFND 1 402,091 0 0
New Residential Investment Corp COM NEW 64828T201 6,414 502,336 SH   DFND 1 502,336 0 0
Nippon Telegraph & Telephone Corp SPONSORED ADR 654624105 5,694 222,370 SH   DFND 1 222,370 0 0
NorthStar Realty Finance Corp COM NEW 66704R704 6,424 365,425 SH   DFND 1 365,425 0 0
Norwegian Cruise Line Holdings Ltd SHS G66721104 74,319 1,589,375 SH   DFND 1 1,557,153 0 32,222
NRG Energy Inc COM NEW 629377508 118,013 4,378,981 SH   DFND 1 4,302,253 0 76,728
Occidental Petroleum Corp COM 674599105 124,206 1,540,829 SH   DFND 1 1,510,030 0 30,799
Oracle Corp COM 68389X105 183,400 4,078,291 SH   DFND 1 4,006,262 0 72,029
Orbital Sciences Corp COM 685564106 41,075 1,527,524 SH   DFND 1 1,527,032 0 492
PACCAR Inc COM 693718108 99,740 1,466,554 SH   DFND 1 1,439,328 0 27,226
PacWest Bancorp COM 695263103 73,687 1,620,920 SH   DFND 1 1,620,392 0 528
Paramount Group Inc COM 69924R108 15,516 834,658 SH   DFND 1 834,573 0 85
PennantPark Floating Rate Capital Ltd COM 70806A106 5,775 420,678 SH   DFND 1 420,678 0 0
PennyMac Mortgage Investment Trust COM 70931T103 13,880 658,177 SH   DFND 1 658,091 0 86
Pfizer Inc COM 717081103 197,783 6,349,377 SH   DFND 1 6,232,197 0 117,180
PH Glatfelter Co COM 377316104 83,108 3,250,253 SH   DFND 1 3,249,227 0 1,026
Philip Morris International Inc COM 718172109 45,612 560,003 SH   DFND 1 547,972 0 12,031
Phillips 66 COM 718546104 97,476 1,359,509 SH   DFND 1 1,333,640 0 25,869
Pinnacle West Capital Corp COM 723484101 20,815 304,715 SH   DFND 1 304,516 0 199
PNC Financial Services Group Inc/The COM 693475105 83,371 913,865 SH   DFND 1 893,241 0 20,624
Preferred Apartment Communities Inc COM 74039L103 3,315 364,300 SH   DFND 1 364,300 0 0
PrivateBancorp Inc COM 742962103 45,625 1,366,034 SH   DFND 1 1,365,629 0 405
Procter & Gamble Co/The COM 742718109 2,142 23,526 SH   DFND 1 23,526 0 0
Rambus Inc COM 750917106 20,881 1,882,948 SH   DFND 1 1,881,667 0 1,281
Ramco-Gershenson Properties Trust COM SH BEN INT 751452202 45,631 2,434,957 SH   DFND 1 2,434,164 0 793
Raytheon Co COM NEW 755111507 86,858 802,979 SH   DFND 1 784,594 0 18,385
Redwood Trust Inc COM 758075402 9,495 482,011 SH   DFND 1 481,944 0 67
Reinsurance Group of America Inc COM NEW 759351604 56,014 639,293 SH   DFND 1 638,987 0 306
Rite Aid Corp COM 767754104 1,551 206,300 SH   DFND 1 206,300 0 0
Royal Dutch Shell PLC SPONS ADR A 780259206 101,343 1,513,725 SH   DFND 1 1,485,649 0 28,076
Sagent Pharmaceuticals Inc COM 786692103 13,195 525,491 SH   DFND 1 525,491 0 0
Sanofi SPONSORED ADR 80105N105 134,181 2,941,923 SH   DFND 1 2,887,729 0 54,194
SPDR S&P MidCap 400 ETF Trust UTSER1 S&PDCRP 78467Y107 868 3,291 SH   DFND 1 3,291 0 0
Stonemor Partners LP COM UNITS 86183Q100 2,770 107,525 SH   DFND 1 107,525 0 0
Stoneridge Inc COM 86183P102 34,896 2,713,547 SH   DFND 1 2,713,547 0 0
Suncor Energy Inc COM 867224107 3,050 95,975 SH   DFND 1 95,975 0 0
Talisman Energy Inc COM 87425E103 136,069 17,378,001 SH   DFND 1 17,038,743 0 339,258
Target Corp COM 87612E106 138,723 1,827,472 SH   DFND 1 1,791,881 0 35,591
TCP Capital Corp COM 87238Q103 4,271 254,556 SH   DFND 1 254,556 0 0
Telefonaktiebolaget LM Ericsson ADR B SEK 10 294821608 6,275 518,600 SH   DFND 1 518,600 0 0
Tenneco Inc COM 880349105 3,226 57,000 SH   DFND 1 57,000 0 0
Teradyne Inc COM 880770102 185,233 9,359,943 SH   DFND 1 9,233,046 0 126,897
Teva Pharmaceutical Industries Ltd ADR 881624209 230,683 4,011,187 SH   DFND 1 3,937,518 0 73,669
Time Warner Inc COM NEW 887317303 111,571 1,306,154 SH   DFND 1 1,275,475 0 30,679
Total SA SPONSORED ADR 89151E109 4,677 91,365 SH   DFND 1 91,365 0 0
TPG Specialty Lending Inc COM 87265K102 1,510 89,802 SH   DFND 1 89,802 0 0
TreeHouse Foods Inc COM 89469A104 70,443 823,608 SH   DFND 1 823,343 0 265
TRI Pointe Homes Inc COM 87265H109 36,404 2,387,164 SH   DFND 1 2,386,405 0 759
TriplePoint Venture Growth BDC Corp COM 89677Y100 3,713 250,066 SH   DFND 1 250,066 0 0
UMH Properties Inc CV RED PFD-A 903002202 1,022 38,720 SH   DFND 1 38,720 0 0
Union Pacific Corp COM 907818108 107,923 905,929 SH   DFND 1 883,866 0 22,063
UnitedHealth Group Inc COM 91324P102 683 6,765 SH   DFND 1 6,765 0 0
Unum Group COM 91529Y106 198,848 5,700,925 SH   DFND 1 5,598,742 0 102,183
Urstadt Biddle Properties Inc PFD-G CV 6.75% 917286809 1,073 41,720 SH   DFND 1 41,720 0 0
VeriFone Systems Inc COM 92342Y109 24,205 650,686 SH   DFND 1 650,174 0 512
Viacom Inc CL B 92553P201 151,338 2,011,147 SH   DFND 1 1,973,687 0 37,460
Virgin America Inc COM VTG 92765X208 1,591 36,800 SH   DFND 1 36,800 0 0
Vodafone Group PLC SPNSR ADR NO PAR 92857W308 2,522 73,825 SH   DFND 1 73,825 0 0
Wabash National Corp COM 929566107 3,089 249,986 SH   DFND 1 249,986 0 0
Waste Management Inc COM 94106L109 937 18,277 SH   DFND 1 18,229 0 48
Wells Fargo & Co COM 949746101 136,519 2,490,328 SH   DFND 1 2,439,737 0 50,591
WESCO International Inc COM 95082P105 13,004 170,638 SH   DFND 1 170,522 0 116
Western Alliance Bancorp COM 957638109 65,306 2,349,153 SH   DFND 1 2,348,387 0 766
Weyerhaeuser Co COM 962166104 810 22,578 SH   DFND 1 22,310 0 268
Woodward Inc COM 980745103 19,935 404,940 SH   DFND 1 404,681 0 259
Wyndham Worldwide Corp COM 98310W108 3,464 40,400 SH   DFND 1 40,400 0 0
Zions Bancorporation COM 989701107 60,196 2,111,434 SH   DFND 1 2,070,653 0 40,781