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 9,255 146,743 SH   DFND 1 146,743 0 0
AES Corp/VA COM 00130H105 173 13,460 SH   DFND 1 13,460 0 0
Agrium Inc COM 008916108 20,692 228,160 SH   DFND 1 227,416 0 744
Albany International Corp CL A 012348108 32,994 778,526 SH   DFND 1,2 778,526 0 0
Alphabet Inc CAP STK CL C 02079K107 5,188 6,674 SH   DFND 1 6,674 0 0
Alphabet Inc CAP STK CL A 02079K305 46,447 57,766 SH   DFND 1,2 55,109 0 2,657
American International Group Inc COM NEW 026874784 5,972 100,643 SH   DFND 1 100,643 0 0
Ameris Bancorp COM 03076K108 43,042 1,231,519 SH   DFND 1,2 1,231,519 0 0
Analogic Corp COM PAR $0.05 032657207 45,855 517,550 SH   DFND 1 517,550 0 0
Aon PLC SHS CL A G0408V102 118,470 1,053,161 SH   DFND 1,2 1,018,534 0 34,627
Apache Corp COM 037411105 4,668 73,091 SH   DFND 1 73,091 0 0
Apartment Investment & Management Co CL A 03748R101 12,857 280,055 SH   DFND 1 280,055 0 0
Apartment Investment & Management Co PFD CL A 6.875% 03748R762 1,609 57,165 SH   DFND 1 57,165 0 0
Apple Inc COM 037833100 5,083 44,966 SH   DFND 1 44,966 0 0
Ares Capital Corp COM 04010L103 17,308 1,116,673 SH   DFND 1 1,116,673 0 0
ARRIS International PLC SHS G0551A103 18,205 642,619 SH   DFND 1 642,619 0 0
AstraZeneca PLC SPONSORED ADR 046353108 27,596 839,815 SH   DFND 1 839,815 0 0
Atmos Energy Corp COM 049560105 16,021 215,137 SH   DFND 1,2 215,137 0 0
Avery Dennison Corp COM 053611109 8,386 107,809 SH   DFND 1,2 107,809 0 0
Axis Capital Holdings Ltd SHS G0692U109 66,936 1,232,029 SH   DFND 1 1,217,569 0 14,460
Bank of America Corp COM 060505104 63,813 4,266,098 SH   DFND 1,2 4,113,617 0 152,481
Bank of America Corp 7.25%CNV PFD L 060505682 13,980 11,451 SH   DFND 1 11,451 0 0
Bank of NT Butterfield & Son Ltd/The SHS NEW G0772R208 13,533 546,585 SH   DFND 1 546,585 0 0
Bio-Rad Laboratories Inc CL A 090572207 77,085 470,577 SH   DFND 1,2 465,481 0 5,096
Boise Cascade Co COM 09739D100 41,905 1,649,821 SH   DFND 1,2 1,649,821 0 0
Brandywine Realty Trust SH BEN INT NEW 105368203 73,693 4,717,846 SH   DFND 1,2 4,717,846 0 0
Bruker Corp COM 116794108 9,100 401,745 SH   DFND 1,2 401,745 0 0
Cameco Corp COM 13321L108 15,303 1,787,731 SH   DFND 1 1,778,434 0 9,297
Canadian Natural Resources Ltd COM 136385101 22,872 713,868 SH   DFND 1 710,779 0 3,089
Capital Bank Financial Corp CL A COM 139794101 53,940 1,679,845 SH   DFND 1,2 1,679,845 0 0
Cedar Fair LP DEPOSITRY UNIT 150185106 5,477 95,605 SH   DFND 1 95,605 0 0
CenturyLink Inc COM 156700106 2,844 103,693 SH   DFND 1 103,693 0 0
Cheniere Energy Inc COM NEW 16411R208 95,311 2,186,023 SH   DFND 1,2 2,111,324 0 74,699
Cia de Saneamento Basico do Estado de Sao Paulo SPONSORED ADR 20441A102 97 10,431 SH   DFND 1 10,431 0 0
Cigna Corp COM 125509109 60,044 460,741 SH   DFND 1 445,558 0 15,183
Cisco Systems Inc COM 17275R102 63,181 1,991,824 SH   DFND 1,2 1,928,000 0 63,824
CIT Group Inc COM NEW 125581801 155,717 4,289,721 SH   DFND 1,2 4,167,695 0 122,026
CIT Group Inc COM NEW 125581801 4,218 116,200 SH Call DFND 1 116,200 0 0
Citigroup Inc COM NEW 172967424 166,573 3,526,856 SH   DFND 1,2 3,413,407 0 113,449
CNA Financial Corp COM 126117100 12,848 373,388 SH   DFND 1 373,388 0 0
Coherent Inc COM 192479103 105,489 954,302 SH   DFND 1,2 954,198 0 104
Colony Capital Inc CL A 19624R106 8,819 483,779 SH   DFND 1 483,779 0 0
Colony Capital Inc CONV PFD-C 19624R403 2,727 110,040 SH   DFND 1 110,040 0 0
Copa Holdings SA CL A P31076105 6,453 73,391 SH   DFND 1 73,391 0 0
Cray Inc COM NEW 225223304 23,850 1,013,165 SH   DFND 1 1,013,165 0 0
Credit Suisse Group AG SPONSORED ADR 225401108 2,438 185,571 SH   DFND 1 185,421 0 150
CSX Corp COM 126408103 5,002 163,990 SH   DFND 1 163,990 0 0
CVR Partners LP COM 126633106 6,894 1,300,696 SH   DFND 1 1,300,696 0 0
CVS Health Corp COM 126650100 83,113 933,958 SH   DFND 1,2 900,996 0 32,962
Deltic Timber Corp COM 247850100 21,903 323,384 SH   DFND 1,2 323,384 0 0
Discover Financial Services COM 254709108 114,304 2,021,299 SH   DFND 1,2 1,953,596 0 67,703
DISH Network Corp CL A 25470M109 712 13,000 SH   DFND 1 13,000 0 0
Eaton Corp PLC SHS G29183103 7,752 117,975 SH   DFND 1 117,975 0 0
Edison International COM 281020107 31,746 439,386 SH   DFND 1,2 425,980 0 13,406
Electronics For Imaging Inc COM 286082102 75,053 1,534,198 SH   DFND 1,2 1,534,009 0 189
Embraer SA SP ADR REP 4 COM 29082A107 3,145 182,199 SH   DFND 1 178,320 0 3,879
EnerSys COM 29275Y102 74,097 1,070,921 SH   DFND 1,2 1,070,921 0 0
Entegris Inc COM 29362U104 46,461 2,667,096 SH   DFND 1 2,667,096 0 0
EQT Corp COM 26884L109 112,496 1,549,106 SH   DFND 1,2 1,492,348 0 56,758
Euronet Worldwide Inc COM 298736109 26,083 318,744 SH   DFND 1,2 318,744 0 0
Exelon Corp COM 30161N101 5,020 150,800 SH   DFND 1 150,800 0 0
Exxon Mobil Corp COM 30231G102 6,281 71,969 SH   DFND 1 71,969 0 0
FBR & Co COM NEW 30247C400 9,105 687,667 SH   DFND 1 687,667 0 0
Flex Ltd ORD Y2573F102 22,237 1,632,667 SH   DFND 1 1,625,186 0 7,481
Forestar Group Inc COM 346233109 61,966 5,291,700 SH   DFND 1,2 5,291,700 0 0
Fred's Inc CL A 356108100 33,603 3,708,992 SH   DFND 1,2 3,708,992 0 0
Frontier Communications Corp COM 35906A108 528 127,000 SH   DFND 1 127,000 0 0
Frontier Communications Corp PFD CONV SER-A 35906A207 16,327 194,575 PRN   DFND 1 194,575 0 0
GameStop Corp CL A 36467W109 54,176 1,963,616 SH   DFND 1,2 1,963,410 0 206
General Electric Co COM 369604103 65,252 2,202,981 SH   DFND 1,2 2,134,595 0 68,386
General Motors Co COM 37045V100 90,776 2,857,288 SH   DFND 1,2 2,750,772 0 106,516
Gilead Sciences Inc COM 375558103 6,480 81,896 SH   DFND 1 81,896 0 0
GlaxoSmithKline PLC SPONSORED ADR 37733W105 114,646 2,658,155 SH   DFND 1,2 2,587,600 0 70,555
GP Strategies Corp COM 36225V104 15,296 621,302 SH   DFND 1 621,302 0 0
Great Plains Energy Inc COM 391164100 8,471 310,414 SH   DFND 1,2 310,414 0 0
Great Plains Energy Inc COM 391164878 9,783 190,000 PRN   DFND 1 190,000 0 0
Harley-Davidson Inc COM 412822108 12,921 245,701 SH   DFND 1,2 245,701 0 0
Haverty Furniture Cos Inc COM 419596101 24,636 1,229,344 SH   DFND 1,2 1,229,344 0 0
Heritage Financial Corp/WA COM 42722X106 35,389 1,971,525 SH   DFND 1,2 1,971,525 0 0
Hess Corp COM 42809H107 82,750 1,543,275 SH   DFND 1,2 1,490,304 0 52,971
HomeStreet Inc COM 43785V102 20,683 825,334 SH   DFND 1 825,334 0 0
Hooker Furniture Corp COM 439038100 37,698 1,539,331 SH   DFND 1 1,539,331 0 0
HSBC Holdings PLC SPON ADR NEW 404280406 13,609 361,835 SH   DFND 1 358,021 0 3,814
ICF International Inc COM 44925C103 4,355 98,259 SH   DFND 1,2 98,259 0 0
Impax Laboratories Inc COM 45256B101 25,330 1,068,795 SH   DFND 1 1,068,525 0 270
ING Groep NV SPONSORED ADR 456837103 56,480 4,577,015 SH   DFND 1,2 4,451,383 0 125,632
Ingersoll-Rand PLC SHS G47791101 77,677 1,143,315 SH   DFND 1 1,104,937 0 38,378
Integrated Device Technology Inc COM 458118106 33,054 1,430,906 SH   DFND 1 1,430,906 0 0
Inter Parfums Inc COM 458334109 43,237 1,339,846 SH   DFND 1,2 1,339,846 0 0
Interpublic Group of Cos Inc/The COM 460690100 559 25,000 SH Call DFND 1 25,000 0 0
Interpublic Group of Cos Inc/The COM 460690100 71,347 3,192,281 SH   DFND 1,2 3,102,776 0 89,505
iShares Core Russell U.S. Value ETF CORE RUSSELL VAL 464287663 201 4,350 SH   DFND 1 4,350 0 0
iShares iBoxx $ Investment Grade Corporate Bond ETF IBOXX INV CP ETF 464287242 627 5,091 SH   DFND 1 4,705 0 386
iShares Russell 1000 Value ETF RUS 1000 VAL ETF 464287598 970 9,183 SH   DFND 1 8,895 0 288
John B Sanfilippo & Son Inc COM 800422107 54,171 1,055,347 SH   DFND 1,2 1,055,347 0 0
JPMorgan Chase & Co COM 46625H100 127,495 1,914,628 SH   DFND 1,2 1,855,530 0 59,098
Kimball Electronics Inc COM 49428J109 10,449 753,928 SH   DFND 1 753,928 0 0
Koninklijke Philips NV NY REG SH NEW 500472303 95,981 3,243,692 SH   DFND 1,2 3,149,917 0 93,775
KT Corp SPONSORED ADR 48268K101 170 10,580 SH   DFND 1 10,580 0 0
Landec Corp COM 514766104 41,322 3,081,434 SH   DFND 1 3,081,434 0 0
Lattice Semiconductor Corp COM 518415104 99,852 15,385,504 SH   DFND 1,2 15,385,504 0 0
La-Z-Boy Inc COM 505336107 18,565 755,904 SH   DFND 1,2 755,904 0 0
Lexington Realty Trust COM 529043101 163 15,779 SH   DFND 1 15,779 0 0
Lloyds Banking Group PLC SPONSORED ADR 539439109 63 21,921 SH   DFND 1 21,921 0 0
Louisiana-Pacific Corp COM 546347105 28,889 1,534,198 SH   DFND 1,2 1,534,198 0 0
Lumentum Holdings Inc COM 55024U109 7,189 172,117 SH   DFND 1,2 172,117 0 0
Luxoft Holding Inc ORD SHS CL A G57279104 13,413 253,786 SH   DFND 1 252,731 0 1,055
Macy's Inc COM 55616P104 47,159 1,272,858 SH   DFND 1,2 1,216,223 0 56,635
ManpowerGroup Inc COM 56418H100 21,293 294,674 SH   DFND 1 293,387 0 1,287
Marten Transport Ltd COM 573075108 21,823 1,039,186 SH   DFND 1,2 1,039,186 0 0
Materion Corp COM 576690101 54,850 1,786,058 SH   DFND 1,2 1,786,058 0 0
MedEquities Realty Trust Inc COM 58409L306 5,826 495,815 SH   DFND 1 495,815 0 0
MetLife Inc COM 59156R108 66,042 1,486,428 SH   DFND 1,2 1,430,220 0 56,208
MGM Growth Properties LLC CL A COM 55303A105 8,731 334,900 SH   DFND 1 334,900 0 0
Micron Technology Inc COM 595112103 225 12,636 SH   DFND 1 12,636 0 0
Microsemi Corp COM 595137100 8,463 201,588 SH   DFND 1,2 201,588 0 0
Microsoft Corp COM 594918104 49,816 864,855 SH   DFND 1,2 841,559 0 23,296
Mitel Networks Corp COM 60671Q104 103,055 14,001,988 SH   DFND 1,2 14,001,988 0 0
Mitsubishi UFJ Financial Group Inc SPONSORED ADR 606822104 56 11,041 SH   DFND 1 11,041 0 0
National CineMedia Inc COM 635309107 9,829 667,749 SH   DFND 1 667,749 0 0
National CineMedia Inc COM 635309107 1,546 105,000 SH Call DFND 1 105,000 0 0
Neenah Paper Inc COM 640079109 15,721 198,976 SH   DFND 1 198,976 0 0
Nippon Telegraph & Telephone Corp SPONSORED ADR 654624105 49,583 1,082,362 SH   DFND 1 1,078,681 0 3,681
NiSource Inc COM 65473P105 12,923 535,983 SH   DFND 1,2 535,983 0 0
Nordstrom Inc COM 655664100 7,591 146,327 SH   DFND 1 146,248 0 79
Nordstrom Inc COM 655664100 5,084 98,000 SH Call DFND 1 98,000 0 0
Nordstrom Inc COM 655664100 1,774 34,200 SH Call DFND 1 34,200 0 0
Novanta Inc COM 67000B104 39,845 2,296,520 SH   DFND 1 2,296,520 0 0
NTT DOCOMO Inc SPONS ADR 62942M201 307 12,094 SH   DFND 1 12,094 0 0
Occidental Petroleum Corp COM 674599105 103,595 1,420,665 SH   DFND 1,2 1,372,272 0 48,393
Oracle Corp COM 68389X105 160,151 4,077,163 SH   DFND 1,2 3,966,445 0 110,718
Orbital ATK Inc COM 68557N103 48,063 630,499 SH   DFND 1,2 630,499 0 0
PacWest Bancorp COM 695263103 49,852 1,161,769 SH   DFND 1,2 1,161,769 0 0
Paramount Group Inc COM 69924R108 12,463 760,384 SH   DFND 1 760,384 0 0
PayPal Holdings Inc COM 70450Y103 40,578 990,426 SH   DFND 1,2 954,467 0 35,959
PennyMac Mortgage Investment Trust COM 70931T103 9,428 605,105 SH   DFND 1 605,105 0 0
Pfizer Inc COM 717081103 79,962 2,360,862 SH   DFND 1,2 2,283,766 0 77,096
PH Glatfelter Co COM 377316104 25,005 1,153,360 SH   DFND 1,2 1,153,360 0 0
Philip Morris International Inc COM 718172109 33,317 342,700 SH   DFND 1,2 329,013 0 13,687
Phillips 66 COM 718546104 54,408 675,458 SH   DFND 1,2 656,001 0 19,457
PNC Financial Services Group Inc/The COM 693475105 52,011 577,319 SH   DFND 1 554,435 0 22,884
PNM Resources Inc COM 69349H107 34,622 1,058,144 SH   DFND 1 1,058,144 0 0
POSCO SPONSORED ADR 693483109 9,495 185,890 SH   DFND 1 183,870 0 2,020
Ramco-Gershenson Properties Trust COM SH BEN INT 751452202 72,208 3,853,167 SH   DFND 1,2 3,853,167 0 0
Raytheon Co COM NEW 755111507 70,343 516,734 SH   DFND 1,2 496,505 0 20,229
Redwood Trust Inc COM 758075402 6,274 443,047 SH   DFND 1 443,047 0 0
Reinsurance Group of America Inc COM NEW 759351604 19,688 182,398 SH   DFND 1,2 182,398 0 0
Royal Bank of Scotland Group PLC SPONS ADR 2 ORD 780097689 12,104 2,597,498 SH   DFND 1 2,570,659 0 26,839
Royal Dutch Shell PLC SPON ADR B 780259107 30,626 579,710 SH   DFND 1 577,295 0 2,415
Sanofi SPONSORED ADR 80105N105 12,814 335,521 SH   DFND 1 332,017 0 3,504
SAP SE SPON ADR 803054204 10,762 117,732 SH   DFND 1 116,404 0 1,328
Schlumberger Ltd COM 806857108 2,790 35,480 SH   DFND 1 35,480 0 0
Select Comfort Corp COM 81616X103 14,347 664,200 SH   DFND 1 664,200 0 0
SK Telecom Co Ltd SPONSORED ADR 78440P108 37,078 1,640,608 SH   DFND 1 1,633,396 0 7,212
SkyWest Inc COM 830879102 752 28,458 SH   DFND 1 28,458 0 0
Southwest Airlines Co COM 844741108 68,537 1,762,341 SH   DFND 1,2 1,701,292 0 61,049
State Street Corp COM 857477103 1,581 22,700 SH   DFND 1 22,700 0 0
StoneMor Partners LP COM UNITS 86183Q100 2,006 80,125 SH   DFND 1 80,125 0 0
Stoneridge Inc COM 86183P102 42,321 2,300,030 SH   DFND 1 2,300,030 0 0
Suncor Energy Inc COM 867224107 63,325 2,279,528 SH   DFND 1,2 2,192,920 0 86,608
Symantec Corp COM 871503108 42,468 1,691,964 SH   DFND 1,2 1,629,238 0 62,726
Synchrony Financial COM 87165B103 58,836 2,101,291 SH   DFND 1,2 2,016,904 0 84,387
Target Corp COM 87612E106 76,981 1,120,865 SH   DFND 1,2 1,089,090 0 31,775
Taylor Morrison Home Corp CL A 87724P106 63,135 3,587,226 SH   DFND 1,2 3,586,609 0 617
Telefonaktiebolaget LM Ericsson ADR B SEK 10 294821608 50,434 6,995,028 SH   DFND 1,2 6,835,803 0 159,225
Telefonica Brasil SA SPONSORED ADR 87936R106 448 30,938 SH   DFND 1 30,938 0 0
Tenaris SA SPONSORED ADR 88031M109 12,350 434,842 SH   DFND 1 430,082 0 4,760
Teradyne Inc COM 880770102 94,304 4,369,970 SH   DFND 1,2 4,271,711 0 98,259
Terex Corp COM 880779103 8,045 316,602 SH   DFND 1 316,602 0 0
Teva Pharmaceutical Industries Ltd ADR 881624209 122,554 2,663,631 SH   DFND 1,2 2,590,282 0 73,349
Teva Pharmaceutical Industries Ltd ADR M8769Q136 34 41,982 PRN   DFND 1 41,982 0 0
Time Warner Inc COM NEW 887317303 77,125 968,790 SH   DFND 1,2 933,187 0 35,603
TOTAL SA SPONSORED ADR 89151E109 2,845 59,640 SH   DFND 1 59,640 0 0
Toyota Motor Corp SP ADR REP2COM 892331307 37,083 319,519 SH   DFND 1 318,142 0 1,377
TPG Specialty Lending Inc COM 87265K102 4,278 236,209 SH   DFND 1 236,209 0 0
TreeHouse Foods Inc COM 89469A104 71,782 823,283 SH   DFND 1,2 823,214 0 69
TRI Pointe Group Inc COM 87265H109 58,411 4,431,800 SH   DFND 1 4,431,800 0 0
Turkcell Iletisim Hizmetleri AS SPON ADR NEW 900111204 4,876 604,966 SH   DFND 1 598,470 0 6,496
UBS Group AG SHS H42097107 29,945 2,198,641 SH   DFND 1 2,190,035 0 8,606
Union Pacific Corp COM 907818108 68,577 703,134 SH   DFND 1,2 678,323 0 24,811
United Parcel Service Inc CL B 911312106 15,442 141,203 SH   DFND 1 141,203 0 0
Universal Electronics Inc COM 913483103 16,982 228,064 SH   DFND 1,2 228,064 0 0
Unum Group COM 91529Y106 176,614 5,001,812 SH   DFND 1,2 4,857,930 0 143,882
Vector Group Ltd COM 92240M108 8,485 394,122 SH   DFND 1 394,122 0 0
VeriFone Systems Inc COM 92342Y109 9,975 633,750 SH   DFND 1 633,454 0 296
Verizon Communications Inc COM 92343V104 2,368 45,556 SH   DFND 1 45,556 0 0
Viacom Inc CL B 92553P201 123,230 3,234,375 SH   DFND 1,2 3,142,573 0 91,802
Vince Holding Corp COM 92719W108 6,858 1,216,025 SH   DFND 1 1,216,025 0 0
Wal-Mart Stores Inc COM 931142103 4,111 56,997 SH   DFND 1 56,997 0 0
Wells Fargo & Co COM 949746101 66,012 1,490,786 SH   DFND 1 1,440,807 0 49,979
Wells Fargo & Co PERP PFD CNV A 949746804 21 16,317 PRN   DFND 1 16,317 0 0
Western Alliance Bancorp COM 957638109 68,503 1,824,794 SH   DFND 1,2 1,824,578 0 216
Woodward Inc COM 980745103 13,586 217,449 SH   DFND 1,2 217,449 0 0