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
ADVANCE AUTO PARTS INC COM 00751Y106 30,914 183,654 SH   DFND 1 175,730 0 7,924
ALAMO GROUP INC COM 011311107 27,166 296,542 SH   DFND 1 296,542 0 0
ALBANY INTL CORP CL A 012348108 45,440 571,576 SH   DFND 1 571,576 0 0
ALLERGAN PLC SHS G0177J108 67,487 354,302 SH   DFND 1 338,272 0 16,030
ALPHABET INC CAP STK CL A 02079K305 40,259 33,352 SH   DFND 1 31,643 0 1,709
AMERICAN INTL GROUP INC COM NEW 026874784 40,694 764,349 SH   DFND 1 724,632 0 39,717
AMERIS BANCORP COM 03076K108 60,840 1,403,449 SH   DFND 1 1,403,449 0 0
AON PLC SHS CL A G0408V102 44,877 288,230 SH   DFND 1 275,880 0 12,350
APARTMENT INVT & MGMT CO CL A 03748R101 9,392 218,429 SH   DFND 1 218,429 0 0
APOGEE ENTERPRISES INC COM 037598109 30,133 729,269 SH   DFND 1 729,269 0 0
ARES CAP CORP COM 04010L103 9,901 574,328 SH   DFND 1 574,328 0 0
ARRIS INTL INC SHS G0551A103 51,022 2,042,502 SH   DFND 1 1,966,246 0 76,256
ASPEN INSURANCE HOLDINGS LTD SHS G05384105 64,231 1,531,126 SH   DFND 1 1,531,126 0 0
ASTRAZENECA PLC SPONSORED ADR 046353108 22,616 571,541 SH   DFND 1 571,541 0 0
ASTRONICS CORP COM 046433108 31,533 724,907 SH   DFND 1 724,907 0 0
AXIS CAPITAL HOLDINGS LTD SHS G0692U109 54,053 960,264 SH   DFND 1,2 958,282 0 1,982
B RILEY FINL INC COM 05580M108 18,380 962,291 SH   DFND 1 962,291 0 0
BANK AMER CORP COM 060505104 47,940 1,627,297 SH   DFND 1 1,547,086 0 80,211
BANK OF NT BUTTERFIELD&SON L SHS NEW G0772R208 79,143 1,928,916 SH   DFND 1 1,928,879 0 37
BANKUNITED INC COM 06652K103 16,724 505,854 SH   DFND 1 505,854 0 0
BANNER CORP COM NEW 06652V208 15,245 257,950 SH   DFND 1 257,950 0 0
BEMIS INC COM 081437105 50,301 1,034,992 SH   DFND 1 1,034,992 0 0
BIO RAD LABS INC CL A 090572207 47,165 150,691 SH   DFND 1 147,441 0 3,250
BMC STK HLDGS INC COM 05591B109 36,376 2,031,027 SH   DFND 1 2,031,027 0 0
BOISE CASCADE CO DEL COM 09739D100 15,236 475,370 SH   DFND 1 475,370 0 0
BORGWARNER INC COM 099724106 5,833 136,358 SH   DFND 1 136,358 0 0
BRANDYWINE RLTY TR SH BEN INT NEW 105368203 24,891 1,751,652 SH   DFND 1 1,751,652 0 0
BROADCOM INC COM 59027A292 21,294 92,462 SH   DFND 1 92,462 0 0
BROADCOM INC COM 11135F101 12,578 54,714 SH   DFND 1 51,582 0 3,132
CANADIAN NAT RES LTD COM 136385101 26,519 917,293 SH   DFND 1,2 915,117 0 2,176
CARRIZO OIL & GAS INC COM 144577103 71,863 3,859,441 SH   DFND 1 3,859,441 0 0
CBS CORP NEW CL B 124857202 32,939 563,148 SH   DFND 1 537,901 0 25,247
CENTENNIAL RESOURCE DEV INC CL A 15136A102 25,250 1,294,193 SH   DFND 1 1,294,193 0 0
CHENIERE ENERGY INC COM NEW 16411R208 41,574 665,827 SH   DFND 1 637,352 0 28,475
CHEVRON CORP NEW COM 166764100 44,660 401,728 SH   DFND 1 387,355 0 14,373
CHINA PETE & CHEM CORP SPON ADR H SHS 16941R108 7,396 88,806 SH   DFND 1 88,233 0 573
CIT GROUP INC COM NEW 125581801 111,680 2,347,197 SH   DFND 1 2,268,716 0 78,481
CITIGROUP INC COM NEW 172967424 106,121 1,612,042 SH   DFND 1 1,554,527 0 57,515
CNA FINL CORP COM 126117100 13,561 309,833 SH   DFND 1 309,833 0 0
COCA COLA CO COM 191216100 45,427 951,560 SH   DFND 1 896,405 0 55,155
COHERENT INC COM 192479103 46,770 348,590 SH   DFND 1 348,579 0 11
COLONY CAP INC NEW CL A COM 19626G108 44,375 7,546,823 SH   DFND 1 7,246,397 0 300,426
CRAY INC COM NEW 225223304 8,814 363,631 SH   DFND 1 363,631 0 0
CREDIT SUISSE GROUP SPONSORED ADR 225401108 2,362 182,847 SH   DFND 1 182,763 0 84
CSX CORP COM 126408103 205 2,765 SH   DFND 1 2,765 0 0
CYPRESS SEMICONDUCTOR CORP COM 232806109 26,099 1,912,016 SH   DFND 1 1,911,876 0 140
DELTA AIR LINES INC DEL COM NEW 247361702 69,236 1,235,480 SH   DFND 1 1,199,380 0 36,100
DELTA AIR LINES INC DEL COM NEW 247361702 6,467 115,400 SH Call DFND 1 115,400 0 0
DISCOVER FINL SVCS COM 254709108 63,556 906,521 SH   DFND 1 866,053 0 40,468
DISH NETWORK CORP NOTE 3.375% 8/1 25470MAB5 272 3,025 PRN   DFND 1 3,025,000 0 0
DOWDUPONT INC COM 26078J100 57,442 985,786 SH   DFND 1 953,314 0 32,472
EATON CORP PLC SHS G29183103 7,921 107,407 SH   DFND 1 107,407 0 0
ENERSYS COM 29275Y102 49,940 614,722 SH   DFND 1 614,722 0 0
ENTEGRIS INC COM 29362U104 26,712 948,918 SH   DFND 1 948,918 0 0
ENTERPRISE PRODS PARTNERS L COM 293792107 26,007 962,855 SH   DFND 1 962,855 0 0
EQT CORP COM 26884L109 75,009 1,695,894 SH   DFND 1 1,605,624 0 90,270
EQT CORP COM 59027A318 17,901 1,119,005 SH   DFND 1 1,119,005 0 0
EURONET WORLDWIDE INC COM 298736109 30,693 275,272 SH   DFND 1 275,272 0 0
EVERGY INC COM 30034W106 13,579 242,009 SH   DFND 1 242,009 0 0
EXXON MOBIL CORP COM 30231G102 471 5,835 SH   DFND 1 5,835 0 0
FIRST DATA CORP NEW COM CL A 32008D106 58,201 3,071,290 SH   DFND 1 2,940,536 0 130,754
FIRST HORIZON NATL CORP COM 320517105 76,101 4,640,319 SH   DFND 1 4,554,586 0 85,733
FIRSTENERGY CORP COM 337932107 101,563 2,732,392 SH   DFND 1 2,651,362 0 81,030
FLEX LTD ORD Y2573F102 17,792 2,071,202 SH   DFND 1,2 2,066,276 0 4,926
FOOT LOCKER INC COM 344849104 42,410 884,645 SH   DFND 1 851,045 0 33,600
FREDS INC CL A 356108100 7,555 2,650,895 SH   DFND 1 2,650,895 0 0
GENERAL MTRS CO COM 37045V100 66,260 1,816,843 SH   DFND 1 1,736,013 0 80,830
GILEAD SCIENCES INC COM 375558103 49,748 707,557 SH   DFND 1 684,951 0 22,606
GLATFELTER COM 377316104 61,388 3,356,379 SH   DFND 1 3,356,379 0 0
GLAXOSMITHKLINE PLC SPONSORED ADR 37733W105 79,381 2,000,017 SH   DFND 1,2 1,943,966 0 56,051
GLOBUS MED INC CL A 379577208 15,708 290,249 SH   DFND 1 290,249 0 0
GP STRATEGIES CORP COM 36225V104 16,913 1,151,331 SH   DFND 1 1,151,331 0 0
HAVERTY FURNITURE INC COM 419596101 7,777 380,865 SH   DFND 1 380,865 0 0
HESS CORP COM 42809H107 65,561 1,133,494 SH   DFND 1 1,083,954 0 49,540
HILLTOP HOLDINGS INC COM 432748101 22,907 1,147,648 SH   DFND 1 1,147,648 0 0
HNI CORP COM 404251100 16,104 420,044 SH   DFND 1 420,044 0 0
HOMESTREET INC COM 43785V102 47,121 1,763,492 SH   DFND 1 1,763,492 0 0
HOOKER FURNITURE CORP COM 439038100 43,161 1,454,712 SH   DFND 1 1,454,712 0 0
HOPE BANCORP INC COM 43940T109 16,840 1,147,137 SH   DFND 1 1,147,137 0 0
HSBC HLDGS PLC SPON ADR NEW 404280406 15,087 363,012 SH   DFND 1 360,535 0 2,477
ING GROEP N V SPONSORED ADR 456837103 57,424 4,503,821 SH   DFND 1,2 4,386,631 0 117,190
INGERSOLL-RAND PLC SHS G47791101 44,447 451,466 SH   DFND 1 431,311 0 20,155
INNOSPEC INC COM 45768S105 12,641 186,506 SH   DFND 1 186,506 0 0
INTEGRATED DEVICE TECHNOLOGY COM 458118106 35,686 765,129 SH   DFND 1 765,129 0 0
ISHARES TR MSCI EAFE ETF 464287465 3,863 61,062 SH   DFND 1 61,062 0 0
ISHARES TR RUS 1000 VAL ETF 464287598 4,094 33,812 SH   DFND 1 33,343 0 469
JACOBS ENGR GROUP INC DEL COM 469814107 3,486 46,149 SH   DFND 1 46,149 0 0
JPMORGAN CHASE & CO COM 46625H100 88,895 815,698 SH   DFND 1 783,366 0 32,332
KAISER ALUMINUM CORP COM PAR $0.01 483007704 24,527 250,944 SH   DFND 1 250,944 0 0
KNIGHT SWIFT TRANSN HLDGS IN CL A 499049104 46,045 1,368,341 SH   DFND 1 1,368,341 0 0
LANDEC CORP COM 514766104 47,617 3,496,105 SH   DFND 1 3,496,105 0 0
LATTICE SEMICONDUCTOR CORP COM 518415104 13,445 2,168,581 SH   DFND 1 2,168,581 0 0
LIBERTY MEDIA CORP DEB 3.750% 2/1 530715AL5 735 10,650 PRN   DFND 1 10,650,000 0 0
LIVANOVA PLC SHS G5509L101 36,635 320,323 SH   DFND 1 320,301 0 22
LOEWS CORP COM 540424108 28,771 610,070 SH   DFND 1 587,693 0 22,377
LOUISIANA PAC CORP COM 546347105 9,766 421,317 SH   DFND 1 421,317 0 0
LUXOFT HLDG INC ORD SHS CL A G57279104 18,091 423,489 SH   DFND 1,2 422,478 0 1,011
MATERION CORP COM 576690101 15,448 267,126 SH   DFND 1 267,126 0 0
MCDERMOTT INTL INC COM 580037703 33,460 3,810,918 SH   DFND 1 3,753,900 0 57,018
MEDEQUITIES RLTY TR INC COM 58409L306 5,071 608,043 SH   DFND 1 608,043 0 0
MELLANOX TECHNOLOGIES LTD SHS M51363113 66,845 767,446 SH   DFND 1 767,413 0 33
METHODE ELECTRS INC COM 591520200 21,139 699,258 SH   DFND 1 699,258 0 0
MGM GROWTH PPTYS LLC CL A COM 55303A105 13,202 467,500 SH   DFND 1 467,500 0 0
MICRON TECHNOLOGY INC COM 595112103 470 11,725 SH   DFND 1 11,725 0 0
MICROSOFT CORP COM 594918104 13,076 123,455 SH   DFND 1 123,455 0 0
MITEL NETWORKS CORP COM 60671Q104 59,268 5,397,790 SH   DFND 1 5,397,790 0 0
NEENAH INC COM 640079109 20,126 248,381 SH   DFND 1 248,381 0 0
NEWFIELD EXPL CO COM 651290108 35,310 1,505,123 SH   DFND 1 1,450,374 0 54,749
NEXTERA ENERGY INC UNIT 09/01/2019 65339F820 26,024 452,001 PRN   DFND 1 452,001 0 0
OCCIDENTAL PETE CORP DEL COM 674599105 16,731 244,782 SH   DFND 1 229,964 0 14,818
ORACLE CORP COM 68389X105 101,039 2,079,414 SH   DFND 1 2,014,865 0 64,549
PACWEST BANCORP DEL COM 695263103 30,971 748,816 SH   DFND 1 748,816 0 0
PDC ENERGY INC COM 69327R101 63,206 1,438,782 SH   DFND 1 1,438,782 0 0
POSCO SPONSORED ADR 693483109 10,791 183,932 SH   DFND 1 182,805 0 1,127
POTLATCHDELTIC CORPORATION COM 737630103 4,750 127,906 SH   DFND 1 127,906 0 0
QORVO INC COM 74736K101 2,838 36,162 SH   DFND 1 36,162 0 0
QUANTA SVCS INC COM 74762E102 39,460 1,182,132 SH   DFND 1 1,182,132 0 0
RAMCO-GERSHENSON PPTYS TR COM SH BEN INT 751452202 38,076 2,882,349 SH   DFND 1 2,882,349 0 0
RAYTHEON CO COM NEW 755111507 28,608 158,203 SH   DFND 1 149,159 0 9,044
REINSURANCE GROUP AMER INC COM NEW 759351604 3,705 25,789 SH   DFND 1 25,789 0 0
RELIANCE STEEL & ALUMINUM CO COM 759509102 6,849 84,579 SH   DFND 1 84,579 0 0
RENAISSANCERE HOLDINGS LTD COM G7496G103 54,726 439,987 SH   DFND 1 422,833 0 17,154
ROYAL BK SCOTLAND GROUP PLC SPONS ADR 2 ORD 780097689 16,679 2,614,233 SH   DFND 1,2 2,597,988 0 16,245
ROYAL DUTCH SHELL PLC SPON ADR B 780259107 44,016 674,678 SH   DFND 1,2 673,047 0 1,631
SANOFI SPONSORED ADR 80105N105 6,591 146,050 SH   DFND 1,2 143,451 0 2,599
SAP SE SPON ADR 803054204 10,173 95,365 SH   DFND 1,2 94,752 0 613
SCHLUMBERGER LTD COM 806857108 17,204 333,018 SH   DFND 1 312,788 0 20,230
SEMPRA ENERGY 6.75% CNV PFD B 816851505 28,370 285,500 PRN   DFND 1 285,500 0 0
SK TELECOM LTD SPONSORED ADR 78440P108 44,639 1,743,724 SH   DFND 1,2 1,739,468 0 4,256
SNAP ON INC COM 833034101 2,494 16,014 SH   DFND 1 16,014 0 0
SOUTHWEST AIRLS CO COM 844741108 38,920 763,888 SH   DFND 1 730,446 0 33,442
STATE STR CORP COM 857477103 923 13,200 SH   DFND 1 13,200 0 0
STONERIDGE INC COM 86183P102 19,624 769,278 SH   DFND 1 769,278 0 0
SUNCOR ENERGY INC NEW COM 867224107 49,118 1,459,232 SH   DFND 1 1,403,471 0 55,761
SYMANTEC CORP COM 871503108 17,188 917,676 SH   DFND 1 864,116 0 53,560
SYNCHRONY FINL COM 87165B103 59,102 2,007,527 SH   DFND 1 1,927,468 0 80,059
TAYLOR MORRISON HOME CORP CL A 87724P106 46,650 2,870,778 SH   DFND 1 2,870,700 0 78
TELEFONICA BRASIL SA SPONSORED ADR 87936R106 976 80,428 SH   DFND 1 80,428 0 0
TENARIS S A SPONSORED ADR 88031M109 16,515 535,496 SH   DFND 1,2 532,103 0 3,393
TERADYNE INC COM 880770102 36,787 1,016,486 SH   DFND 1 976,339 0 40,147
TEREX CORP NEW COM 880779103 7,668 213,004 SH   DFND 1 213,004 0 0
TEXAS CAPITAL BANCSHARES INC COM 88224Q107 22,941 346,180 SH   DFND 1 346,180 0 0
TOTAL S A SPONSORED ADR 89151E109 4,672 72,555 SH   DFND 1 72,555 0 0
TOYOTA MOTOR CORP SP ADR REP2COM 892331307 43,202 367,049 SH   DFND 1,2 366,125 0 924
TRI POINTE GROUP INC COM 87265H109 44,515 3,607,346 SH   DFND 1 3,607,205 0 141
TRINITY INDS INC COM 896522109 39,361 1,732,454 SH   DFND 1 1,653,622 0 78,832
TURKCELL ILETISIM HIZMETLERI SPON ADR NEW 900111204 6,576 1,210,970 SH   DFND 1 1,203,247 0 7,723
UBS GROUP AG SHS H42097107 36,637 2,581,916 SH   DFND 1,2 2,575,140 0 6,776
UNUM GROUP COM 91529Y106 47,774 1,292,936 SH   DFND 1 1,236,244 0 56,692
VIACOM INC NEW CL B 92553P201 51,243 1,563,228 SH   DFND 1 1,506,204 0 57,024
VIASAT INC COM 92552V100 31,579 446,089 SH   DFND 1 431,977 0 14,112
VISTRA ENERGY CORP UNIT 02/02/2024 92840M300 12,768 138,000 PRN   DFND 1 138,000 0 0
WELLS FARGO CO NEW COM 949746101 24,869 464,313 SH   DFND 1 438,327 0 25,986
WELLS FARGO CO NEW PERP PFD CNV A 949746804 13,769 10,884 PRN   DFND 1 10,884 0 0
WESTERN ALLIANCE BANCORP COM 957638109 64,234 1,330,163 SH   DFND 1 1,330,123 0 40