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 1,182 12,500 SH   DFND 9 12,500 0 0
ACETO CORP COM 004446100 66 29,100 SH   DFND 9 29,100 0 0
ADTRAN INC COM 00738A106 386 21,880 SH   DFND 9 21,880 0 0
AEGON N V NY REGISTRY SH 007924103 225 35,034 SH   DFND 9 35,034 0 0
AES CORP COM 00130H105 10,184 727,451 SH   DFND 9 727,451 0 0
AFLAC INC COM 001055102 3,939 83,685 SH   DFND 9 83,685 0 0
AGREE REALTY CORP COM 008492100 497 9,365 SH   DFND 9 9,365 0 0
AIRCASTLE LTD COM G0129K104 1,070 48,821 SH   DFND 9 48,821 0 0
ALLETE INC COM NEW 018522300 698 9,300 SH   DFND 9 9,300 0 0
ALLIANCEBERNSTEIN HOLDING LP UNIT LTD PARTN 01881G106 305 10,001 SH   DFND 9 10,001 0 0
ALLY FINL INC COM 02005N100 4,410 166,748 SH   DFND 9 166,748 0 0
AMC ENTMT HLDGS INC CL A COM 00165C104 913 44,516 SH   DFND 9 44,516 0 0
AMERICAN MIDSTREAM PARTNERS COM UNITS 02752P100 99 15,659 SH   DFND 9 15,659 0 0
AMERICAN WTR WKS CO INC NEW COM 030420103 1,082 12,300 SH   DFND 9 12,300 0 0
AMERISAFE INC COM 03071H100 311 5,021 SH   DFND 9 5,021 0 0
AMGEN INC COM 031162100 4,253 20,516 SH   DFND 9 20,516 0 0
AMTRUST FINL SVCS INC COM 032359309 1,550 106,727 SH   DFND 9 106,727 0 0
ANDEAVOR LOGISTICS LP COM UNIT LP INT 03350F106 1,376 28,341 SH   DFND 9 28,341 0 0
ANIXTER INTL INC COM 035290105 575 8,184 SH   DFND 9 8,184 0 0
APARTMENT INVT & MGMT CO CL A 03748R101 710 16,093 SH   DFND 9 16,093 0 0
APOLLO GLOBAL MGMT LLC CL A SHS 037612306 2,154 62,335 SH   DFND 9 62,335 0 0
AQUA AMERICA INC COM 03836W103 491 13,293 SH   DFND 9 13,293 0 0
ARCH COAL INC CL A 039380407 822 9,198 SH   DFND 9 9,198 0 0
ARCHER DANIELS MIDLAND CO COM 039483102 4,995 99,364 SH   DFND 9 99,364 0 0
ARMOUR RESIDENTIAL REIT INC COM NEW 042315507 252 11,206 SH   DFND 9 11,206 0 0
ARTISAN PARTNERS ASSET MGMT CL A 04316A108 205 6,342 SH   DFND 9 6,342 0 0
ASSURANT INC COM 04621X108 2,429 22,500 SH   DFND 9 22,500 0 0
ASTRAZENECA PLC SPONSORED ADR 046353108 3,443 87,000 SH   DFND 9 87,000 0 0
ATMOS ENERGY CORP COM 049560105 230 2,450 SH   DFND 9 2,450 0 0
AUTOMATIC DATA PROCESSING IN COM 053015103 542 3,600 SH   DFND 9 3,600 0 0
BANCO SANTANDER CHILE NEW SP ADR REP COM 05965X109 280 8,767 SH   DFND 9 8,767 0 0
BANK MONTREAL QUE COM 063671101 229 2,772 SH   DFND 9 2,772 0 0
BANK N S HALIFAX COM 064149107 988 16,567 SH   DFND 9 16,567 0 0
BANK OF NT BUTTERFIELD&SON L SHS NEW G0772R208 275 5,299 SH   DFND 9 5,299 0 0
BARNES & NOBLE INC COM 067774109 193 33,262 SH   DFND 9 33,262 0 0
BED BATH & BEYOND INC COM 075896100 374 24,900 SH   DFND 9 24,900 0 0
BERKSHIRE HILLS BANCORP INC COM 084680107 228 5,605 SH   DFND 9 5,605 0 0
BHP BILLITON PLC SPONSORED ADR 05545E209 3,320 75,500 SH   DFND 9 75,500 0 0
BIG LOTS INC COM 089302103 1,559 37,300 SH   DFND 9 37,300 0 0
BLACKROCK INC COM 09247X101 1,983 4,207 SH   DFND 9 4,207 0 0
BOOZ ALLEN HAMILTON HLDG COR CL A 099502106 367 7,400 SH   DFND 9 7,400 0 0
BP PLC SPONSORED ADR 055622104 2,028 44,000 SH   DFND 9 44,000 0 0
BP PRUDHOE BAY RTY TR UNIT BEN INT 055630107 323 9,373 SH   DFND 9 9,373 0 0
BRIGHTSPHERE INVESTMNT GRP P SHS G1644T109 158 12,774 SH   DFND 9 12,774 0 0
BRINKER INTL INC COM 109641100 3,331 71,284 SH   DFND 9 71,284 0 0
BROADCOM INC COM 11135F101 1,156 4,686 SH   DFND 9 4,686 0 0
BUCKEYE PARTNERS L P UNIT LTD PARTN 118230101 728 20,399 SH   DFND 9 20,399 0 0
BUCKLE INC COM 118440106 2,346 101,800 SH   DFND 9 101,800 0 0
CABOT CORP COM 127055101 1,247 19,876 SH   DFND 9 19,876 0 0
CAMDEN PPTY TR SH BEN INT 133131102 365 3,900 SH   DFND 9 3,900 0 0
CANADIAN NAT RES LTD COM 136385101 689 21,100 SH   DFND 9 21,100 0 0
CAPITALA FIN CORP COM 14054R106 211 24,273 SH   DFND 9 24,273 0 0
CARDINAL HEALTH INC COM 14149Y108 394 7,300 SH   DFND 9 7,300 0 0
CARNIVAL PLC ADR 14365C103 227 3,600 SH   DFND 9 3,600 0 0
CATO CORP NEW CL A 149205106 1,504 71,567 SH   DFND 9 71,567 0 0
CEMTREX INC *W EXP 12/02/202 15130G113 4 30,000 SH   DFND 9 30,000 0 0
CENTERPOINT ENERGY INC COM 15189T107 4,214 152,398 SH   DFND 9 152,398 0 0
CENTRAL PUERTO S A SPONSORED ADR 155038201 297 28,814 SH   DFND 9 28,814 0 0
CF INDS HLDGS INC COM 125269100 10,629 195,241 SH   DFND 9 195,241 0 0
CHEMOURS CO COM 163851108 461 11,700 SH   DFND 9 11,700 0 0
CHENIERE ENERGY INC COM NEW 16411R208 881 12,674 SH   DFND 9 12,674 0 0
CHIMERA INVT CORP COM NEW 16934Q208 696 38,400 SH   DFND 9 38,400 0 0
CHINA LIFE INS CO LTD SPON ADR REP H 16939P106 501 43,967 SH   DFND 9 43,967 0 0
CHINA MOBILE LIMITED SPONSORED ADR 16941M109 455 9,306 SH   DFND 9 9,306 0 0
CHINA TELECOM CORP LTD SPON ADR H SHS 169426103 455 9,205 SH   DFND 9 9,205 0 0
CINCINNATI FINL CORP COM 172062101 1,004 13,068 SH   DFND 9 13,068 0 0
CISCO SYS INC COM 17275R102 919 18,900 SH   DFND 9 18,900 0 0
CITIGROUP INC COM NEW 172967424 3,393 47,291 SH   DFND 9 47,291 0 0
CLEARWAY ENERGY INC CL C 18539C204 912 47,387 SH   DFND 9 47,387 0 0
CLOROX CO DEL COM 189054109 857 5,700 SH   DFND 9 5,700 0 0
CNA FINL CORP COM 126117100 280 6,123 SH   DFND 9 6,123 0 0
CNOOC LTD SPONSORED ADR 126132109 1,693 8,569 SH   DFND 9 8,569 0 0
COCA COLA CO COM 191216100 899 19,465 SH   DFND 9 19,465 0 0
COGENT COMMUNICATIONS HLDGS COM NEW 19239V302 3,477 62,304 SH   DFND 9 62,304 0 0
COHEN & STEERS INC COM 19247A100 652 16,049 SH   DFND 9 16,049 0 0
COLUMBIA PPTY TR INC COM NEW 198287203 284 12,000 SH   DFND 9 12,000 0 0
COMERICA INC COM 200340107 2,774 30,750 SH   DFND 9 30,750 0 0
COMMUNITY BK SYS INC COM 203607106 242 3,970 SH   DFND 9 3,970 0 0
COMMUNITY HEALTHCARE TR INC COM 20369C106 219 7,053 SH   DFND 9 7,053 0 0
COMPANHIA SIDERURGICA NACION SPONSORED ADR 20440W105 72 31,531 SH   DFND 9 31,531 0 0
CONAGRA BRANDS INC COM 205887102 5,476 161,190 SH   DFND 9 161,190 0 0
CONSOLIDATED COMM HLDGS INC COM 209034107 1,462 112,140 SH   DFND 9 112,140 0 0
COPA HOLDINGS SA CL A P31076105 1,546 19,358 SH   DFND 9 19,358 0 0
CORESITE RLTY CORP COM 21870Q105 300 2,700 SH   DFND 9 2,700 0 0
CORPORATE OFFICE PPTYS TR SH BEN INT 22002T108 997 33,412 SH   DFND 9 33,412 0 0
COSTAMARE INC SHS Y1771G102 127 19,600 SH   DFND 9 19,600 0 0
COSTCO WHSL CORP NEW COM 22160K105 2,725 11,600 SH   DFND 9 11,600 0 0
COVANTA HLDG CORP COM 22282E102 1,549 95,341 SH   DFND 9 95,341 0 0
CREDICORP LTD COM G2519Y108 537 2,407 SH   DFND 9 2,407 0 0
CUBESMART COM 229663109 314 11,000 SH   DFND 9 11,000 0 0
CULLEN FROST BANKERS INC COM 229899109 260 2,485 SH   DFND 9 2,485 0 0
CUMMINS INC COM 231021106 1,534 10,500 SH   DFND 9 10,500 0 0
CVR ENERGY INC COM 12662P108 2,670 66,391 SH   DFND 9 66,391 0 0
CYPRESS SEMICONDUCTOR CORP COM 232806109 1,718 118,555 SH   DFND 9 118,555 0 0
DANA INCORPORATED COM 235825205 397 21,270 SH   DFND 9 21,270 0 0
DELTA AIR LINES INC DEL COM NEW 247361702 3,267 56,500 SH   DFND 9 56,500 0 0
DIAGEO P L C SPON ADR NEW 25243Q205 2,071 14,620 SH   DFND 9 14,620 0 0
DICKS SPORTING GOODS INC COM 253393102 3,601 101,491 SH   DFND 9 101,491 0 0
DIEBOLD NXDF INC COM 253651103 167 37,102 SH   DFND 9 37,102 0 0
DISCOVER FINL SVCS COM 254709108 2,485 32,500 SH   DFND 9 32,500 0 0
DOMINION ENERGY MIDSTRM PRTN COM UT REP LTD 257454108 585 32,700 SH   DFND 9 32,700 0 0
DRYSHIPS INC COM PAR NEW Y2109Q705 1,856 304,275 SH   DFND 9 304,275 0 0
DSW INC CL A 23334L102 1,642 48,468 SH   DFND 9 48,468 0 0
DUKE REALTY CORP COM NEW 264411505 309 10,900 SH   DFND 9 10,900 0 0
DUNKIN BRANDS GROUP INC COM 265504100 5,168 70,100 SH   DFND 9 70,100 0 0
DYNAGAS LNG PARTNERS LP COM UNIT LTD PT Y2188B108 117 13,315 SH   DFND 9 13,315 0 0
EATON VANCE CORP COM NON VTG 278265103 566 10,768 SH   DFND 9 10,768 0 0
ECOPETROL S A SPONSORED ADS 279158109 689 25,600 SH   DFND 9 25,600 0 0
EDISON INTL COM 281020107 2,457 36,307 SH   DFND 9 36,307 0 0
EL PASO ELEC CO COM NEW 283677854 2,922 51,092 SH   DFND 9 51,092 0 0
ENBRIDGE ENERGY MANAGEMENT L SHS UNITS LLI 29250X103 561 51,410 SH   DFND 9 51,410 0 0
ENEL AMERICAS S A SPONSORED ADR 29274F104 90 11,600 SH   DFND 9 11,600 0 0
ENERGIZER HLDGS INC NEW COM 29272W109 2,035 34,689 SH   DFND 9 34,689 0 0
ENI S P A SPONSORED ADR 26874R108 529 14,036 SH   DFND 9 14,036 0 0
ENTERGY CORP NEW COM 29364G103 9,060 111,678 SH   DFND 9 111,678 0 0
EQUINOR ASA SPONSORED ADR 29446M102 2,184 77,441 SH   DFND 9 77,441 0 0
ERICSSON ADR B SEK 10 294821608 464 52,700 SH   DFND 9 52,700 0 0
ESSENDANT INC COM 296689102 728 56,800 SH   DFND 9 56,800 0 0
ESSEX PPTY TR INC COM 297178105 1,577 6,392 SH   DFND 9 6,392 0 0
EURONAV NV ANTWERPEN SHS B38564108 470 54,000 SH   DFND 9 54,000 0 0
EVERGY INC COM 30034W106 5,459 99,408 SH   DFND 9 99,408 0 0
EVERSOURCE ENERGY COM 30040W108 707 11,500 SH   DFND 9 11,500 0 0
EXELON CORP COM 30161N101 8,001 183,256 SH   DFND 9 183,256 0 0
EXTENDED STAY AMER INC UNIT 99/99/9999B 30224P200 876 43,293 SH   DFND 9 43,293 0 0
FASTENAL CO COM 311900104 395 6,800 SH   DFND 9 6,800 0 0
FIDELITY NATIONAL FINANCIAL FNF GROUP COM 31620R303 394 10,000 SH   DFND 9 10,000 0 0
FIFTH THIRD BANCORP COM 316773100 355 12,720 SH   DFND 9 12,720 0 0
FIRST INDUSTRIAL REALTY TRUS COM 32054K103 477 15,192 SH   DFND 9 15,192 0 0
FIRST INTST BANCSYSTEM INC COM CL A 32055Y201 210 4,688 SH   DFND 9 4,688 0 0
FIRSTENERGY CORP COM 337932107 8,259 222,200 SH   DFND 9 222,200 0 0
FLOWERS FOODS INC COM 343498101 359 19,246 SH   DFND 9 19,246 0 0
FRONTLINE LTD SHS NEW G3682E192 426 73,400 SH   DFND 9 73,400 0 0
FS INVT CORP COM 302635107 276 39,101 SH   DFND 9 39,101 0 0
GAIN CAP HLDGS INC COM 36268W100 214 32,871 SH   DFND 9 32,871 0 0
GALLAGHER ARTHUR J & CO COM 363576109 1,118 15,017 SH   DFND 9 15,017 0 0
GANNETT CO INC COM 36473H104 362 36,171 SH   DFND 9 36,171 0 0
GASLOG LTD SHS G37585109 991 50,160 SH   DFND 9 50,160 0 0
GATX CORP COM 361448103 2,737 31,609 SH   DFND 9 31,609 0 0
GENTEX CORP COM 371901109 495 23,079 SH   DFND 9 23,079 0 0
GLACIER BANCORP INC NEW COM 37637Q105 420 9,745 SH   DFND 9 9,745 0 0
GOLDMAN SACHS BDC INC SHS 38147U107 333 15,032 SH   DFND 9 15,032 0 0
GOLUB CAP BDC INC COM 38173M102 205 10,912 SH   DFND 9 10,912 0 0
GRAINGER W W INC COM 384802104 2,788 7,800 SH   DFND 9 7,800 0 0
GREAT WESTN BANCORP INC COM 391416104 454 10,762 SH   DFND 9 10,762 0 0
GREENHILL & CO INC COM 395259104 1,067 40,494 SH   DFND 9 40,494 0 0
GREIF INC CL A 397624107 854 15,917 SH   DFND 9 15,917 0 0
GUESS INC COM 401617105 869 38,473 SH   DFND 9 38,473 0 0
HANCOCK WHITNEY CORPORATION COM 410120109 677 14,229 SH   DFND 9 14,229 0 0
HANESBRANDS INC COM 410345102 3,302 179,173 SH   DFND 9 179,173 0 0
HANOVER INS GROUP INC COM 410867105 395 3,200 SH   DFND 9 3,200 0 0
HASBRO INC COM 418056107 2,803 26,664 SH   DFND 9 26,664 0 0
HAVERTY FURNITURE INC COM 419596101 303 13,698 SH   DFND 9 13,698 0 0
HAWAIIAN ELEC INDUSTRIES COM 419870100 669 18,800 SH   DFND 9 18,800 0 0
HCI GROUP INC COM 40416E103 351 8,032 SH   DFND 9 8,032 0 0
HCP INC COM 40414L109 1,034 39,300 SH   DFND 9 39,300 0 0
HEIDRICK & STRUGGLES INTL IN COM 422819102 212 6,252 SH   DFND 9 6,252 0 0
HERCULES CAPITAL INC COM 427096508 657 49,933 SH   DFND 9 49,933 0 0
HERSHA HOSPITALITY TR PR SHS BEN INT 427825500 1,668 73,596 SH   DFND 9 73,596 0 0
HFF INC CL A 40418F108 203 4,788 SH   DFND 9 4,788 0 0
HI-CRUSH PARTNERS LP COM UNIT LTD 428337109 1,704 157,749 SH   DFND 9 157,749 0 0
HOLLYFRONTIER CORP COM 436106108 5,613 80,300 SH   DFND 9 80,300 0 0
HP INC COM 40434L105 1,842 71,485 SH   DFND 9 71,485 0 0
HUANENG PWR INTL INC SPON ADR H SHS 443304100 346 13,371 SH   DFND 9 13,371 0 0
HUNTSMAN CORP COM 447011107 1,718 63,087 SH   DFND 9 63,087 0 0
ICAHN ENTERPRISES LP DEPOSITARY UNIT 451100101 475 6,716 SH   DFND 9 6,716 0 0
IDACORP INC COM 451107106 1,945 19,597 SH   DFND 9 19,597 0 0
INFOSYS LTD SPONSORED ADR 456788108 3,324 326,828 SH   DFND 9 326,828 0 0
INGLES MKTS INC CL A 457030104 411 12,010 SH   DFND 9 12,010 0 0
INSPERITY INC COM 45778Q107 885 7,500 SH   DFND 9 7,500 0 0
INTEL CORP COM 458140100 3,168 67,000 SH   DFND 9 67,000 0 0
INTERCONTINENTAL HOTELS GROU SPONSORED ADR 45857P707 220 3,505 SH   DFND 9 3,505 0 0
INTERNATIONAL BUSINESS MACHS COM 459200101 12,218 80,800 SH   DFND 9 80,800 0 0
INTERNATIONAL FLAVORS&FRAGRA COM 459506101 2,246 16,141 SH   DFND 9 16,141 0 0
INTERNATIONAL GAME TECHNOLOG SHS USD G4863A108 3,605 182,544 SH   DFND 9 182,544 0 0
INTERPUBLIC GROUP COS INC COM 460690100 4,507 197,089 SH   DFND 9 197,089 0 0
INTL PAPER CO COM 460146103 5,302 107,873 SH   DFND 9 107,873 0 0
ISRAEL CHEMICALS LTD SHS M5920A109 81 13,500 SH   DFND 9 13,500 0 0
JANUS HENDERSON GROUP PLC ORD SHS G4474Y214 311 11,543 SH   DFND 9 11,543 0 0
JERNIGAN CAP INC COM 476405105 297 15,371 SH   DFND 9 15,371 0 0
KAR AUCTION SVCS INC COM 48238T109 1,415 23,700 SH   DFND 9 23,700 0 0
KENNEDY-WILSON HLDGS INC COM 489398107 767 35,684 SH   DFND 9 35,684 0 0
KIMBERLY CLARK CORP COM 494368103 2,045 17,997 SH   DFND 9 17,997 0 0
KLA-TENCOR CORP COM 482480100 5,483 53,906 SH   DFND 9 53,906 0 0
KNOLL INC COM NEW 498904200 294 12,547 SH   DFND 9 12,547 0 0
KOHLS CORP COM 500255104 6,510 87,321 SH   DFND 9 87,321 0 0
KONINKLIJKE PHILIPS N V NY REG SH NEW 500472303 4,979 109,414 SH   DFND 9 109,414 0 0
KROGER CO COM 501044101 3,674 126,200 SH   DFND 9 126,200 0 0
KT CORP SPONSORED ADR 48268K101 548 36,900 SH   DFND 9 36,900 0 0
L BRANDS INC COM 501797104 1,715 56,598 SH   DFND 9 56,598 0 0
LAM RESEARCH CORP COM 512807108 2,882 18,999 SH   DFND 9 18,999 0 0
LAMAR ADVERTISING CO NEW CL A 512816109 350 4,500 SH   DFND 9 4,500 0 0
LEGG MASON INC COM 524901105 1,802 57,693 SH   DFND 9 57,693 0 0
LILLY ELI & CO COM 532457108 3,104 28,921 SH   DFND 9 28,921 0 0
LINCOLN NATL CORP IND COM 534187109 2,619 38,714 SH   DFND 9 38,714 0 0
LOCKHEED MARTIN CORP COM 539830109 2,426 7,012 SH   DFND 9 7,012 0 0
MACYS INC COM 55616P104 8,547 246,112 SH   DFND 9 246,112 0 0
MAIDEN HOLDINGS LTD SHS G5753U112 153 53,829 SH   DFND 9 53,829 0 0
MAIN STREET CAPITAL CORP COM 56035L104 795 20,648 SH   DFND 9 20,648 0 0
MANPOWERGROUP INC COM 56418H100 1,437 16,719 SH   DFND 9 16,719 0 0
MARATHON PETE CORP COM 56585A102 2,294 28,687 SH   DFND 9 28,687 0 0
MARRIOTT VACATIONS WRLDWDE C COM 57164Y107 232 2,078 SH   DFND 9 2,078 0 0
MATSON INC COM 57686G105 1,435 36,207 SH   DFND 9 36,207 0 0
MATTEL INC COM 577081102 5,449 347,100 SH   DFND 9 347,100 0 0
MAXAR TECHNOLOGIES LTD COM 57778L103 455 13,762 SH   DFND 9 13,762 0 0
MAXIM INTEGRATED PRODS INC COM 57772K101 2,070 36,700 SH   DFND 9 36,700 0 0
MCCORMICK & CO INC COM NON VTG 579780206 3,228 24,500 SH   DFND 9 24,500 0 0
MDU RES GROUP INC COM 552690109 910 35,438 SH   DFND 9 35,438 0 0
MERCER INTL INC COM 588056101 630 37,517 SH   DFND 9 37,517 0 0
MERCURY GENL CORP NEW COM 589400100 520 10,367 SH   DFND 9 10,367 0 0
MEREDITH CORP COM 589433101 1,986 38,911 SH   DFND 9 38,911 0 0
MERIDIAN BIOSCIENCE INC COM 589584101 1,054 70,713 SH   DFND 9 70,713 0 0
MGE ENERGY INC COM 55277P104 204 3,194 SH   DFND 9 3,194 0 0
MOBILE TELESYSTEMS PJSC SPONSORED ADR 607409109 3,358 393,643 SH   DFND 9 393,643 0 0
MOELIS & CO CL A 60786M105 1,003 18,300 SH   DFND 9 18,300 0 0
MOLSON COORS BREWING CO CL B 60871R209 1,874 30,465 SH   DFND 9 30,465 0 0
MORGAN STANLEY COM NEW 617446448 8,601 184,689 SH   DFND 9 184,689 0 0
MOTOROLA SOLUTIONS INC COM NEW 620076307 2,785 21,400 SH   DFND 9 21,400 0 0
MURPHY OIL CORP COM 626717102 2,701 81,022 SH   DFND 9 81,022 0 0
NASDAQ INC COM 631103108 257 3,000 SH   DFND 9 3,000 0 0
NATIONAL CINEMEDIA INC COM 635309107 585 55,215 SH   DFND 9 55,215 0 0
NATIONAL FUEL GAS CO N J COM 636180101 1,093 19,497 SH   DFND 9 19,497 0 0
NATIONAL PRESTO INDS INC COM 637215104 2,024 15,615 SH   DFND 9 15,615 0 0
NATIONAL STORAGE AFFILIATES COM SHS BEN IN 637870106 523 20,560 SH   DFND 9 20,560 0 0
NATURAL HEALTH TRENDS CORP COM PAR $.001 63888P406 277 11,920 SH   DFND 9 11,920 0 0
NAVIENT CORPORATION COM 63938C108 4,205 311,949 SH   DFND 9 311,949 0 0
NAVIOS MARITIME PARTNERS L P UNIT LPI Y62267102 52 29,687 SH   DFND 9 29,687 0 0
NEENAH INC COM 640079109 378 4,380 SH   DFND 9 4,380 0 0
NETAPP INC COM 64110D104 2,525 29,400 SH   DFND 9 29,400 0 0
NEVSUN RES LTD COM 64156L101 315 71,100 SH   DFND 9 71,100 0 0
NEW JERSEY RES COM 646025106 1,146 24,862 SH   DFND 9 24,862 0 0
NEW MTN FIN CORP COM 647551100 1,402 103,819 SH   DFND 9 103,819 0 0
NEW YORK MTG TR INC COM PAR $.02 649604501 707 116,352 SH   DFND 9 116,352 0 0
NEXTERA ENERGY INC COM 65339F101 5,198 31,013 SH   DFND 9 31,013 0 0
NGL ENERGY PARTNERS LP COM UNIT REPST 62913M107 138 11,929 SH   DFND 9 11,929 0 0
NIC INC COM 62914B100 703 47,475 SH   DFND 9 47,475 0 0
NORDIC AMERICAN TANKERS LIMI COM G65773106 295 140,938 SH   DFND 9 140,938 0 0
NORDSTROM INC COM 655664100 4,863 81,300 SH   DFND 9 81,300 0 0
NORTHERN TR CORP COM 665859104 3,670 35,939 SH   DFND 9 35,939 0 0
NORTHWESTERN CORP COM NEW 668074305 3,162 53,902 SH   DFND 9 53,902 0 0
NUCOR CORP COM 670346105 1,288 20,300 SH   DFND 9 20,300 0 0
NVENT ELECTRIC PLC SHS G6700G107 2,007 73,893 SH   DFND 9 73,893 0 0
OAKTREE SPECIALTY LENDING CO COM 67401P108 183 36,900 SH   DFND 9 36,900 0 0
OCCIDENTAL PETE CORP DEL COM 674599105 5,875 71,500 SH   DFND 9 71,500 0 0
OCEANEERING INTL INC COM 675232102 3,235 117,226 SH   DFND 9 117,226 0 0
OCEANFIRST FINL CORP COM 675234108 379 13,934 SH   DFND 9 13,934 0 0
OFFICE DEPOT INC COM 676220106 252 78,463 SH   DFND 9 78,463 0 0
OFG BANCORP COM 67103X102 634 39,247 SH   DFND 9 39,247 0 0
OMEGA HEALTHCARE INVS INC COM 681936100 2,806 85,640 SH   DFND 9 85,640 0 0
ONE GAS INC COM 68235P108 1,159 14,084 SH   DFND 9 14,084 0 0
OTTER TAIL CORP COM 689648103 421 8,798 SH   DFND 9 8,798 0 0
OXFORD SQUARE CAP CORP COM 69181V107 195 27,370 SH   DFND 9 27,370 0 0
P T TELEKOMUNIKASI INDONESIA SPONSORED ADR 715684106 230 9,406 SH   DFND 9 9,406 0 0
PACKAGING CORP AMER COM 695156109 2,721 24,802 SH   DFND 9 24,802 0 0
PARK HOTELS RESORTS INC COM 700517105 1,169 35,615 SH   DFND 9 35,615 0 0
PATTERSON COMPANIES INC COM 703395103 1,901 77,757 SH   DFND 9 77,757 0 0
PAYCHEX INC COM 704326107 5,138 69,758 SH   DFND 9 69,758 0 0
PBF ENERGY INC CL A 69318G106 3,511 70,340 SH   DFND 9 70,340 0 0
PEARSON PLC SPONSORED ADR 705015105 797 69,213 SH   DFND 9 69,213 0 0
PENNANTPARK INVT CORP COM 708062104 227 30,422 SH   DFND 9 30,422 0 0
PENSKE AUTOMOTIVE GRP INC COM 70959W103 1,549 32,680 SH   DFND 9 32,680 0 0
PG&E CORP COM 69331C108 6,813 148,081 SH   DFND 9 148,081 0 0
PIEDMONT OFFICE REALTY TR IN COM CL A 720190206 607 32,078 SH   DFND 9 32,078 0 0
PINNACLE FOODS INC DEL COM 72348P104 1,056 16,300 SH   DFND 9 16,300 0 0
PINNACLE WEST CAP CORP COM 723484101 261 3,300 SH   DFND 9 3,300 0 0
PIPER JAFFRAY COS COM 724078100 313 4,094 SH   DFND 9 4,094 0 0
PNC FINL SVCS GROUP INC COM 693475105 1,431 10,504 SH   DFND 9 10,504 0 0
PNM RES INC COM 69349H107 1,285 32,566 SH   DFND 9 32,566 0 0
POLARIS INDS INC COM 731068102 2,228 22,070 SH   DFND 9 22,070 0 0
POPULAR INC COM NEW 733174700 6,215 121,274 SH   DFND 9 121,274 0 0
PORTLAND GEN ELEC CO COM NEW 736508847 2,267 49,705 SH   DFND 9 49,705 0 0
POWELL INDS INC COM 739128106 270 7,435 SH   DFND 9 7,435 0 0
PPL CORP COM 69351T106 4,205 143,728 SH   DFND 9 143,728 0 0
PRICE T ROWE GROUP INC COM 74144T108 4,291 39,306 SH   DFND 9 39,306 0 0
PROASSURANCE CORP COM 74267C106 970 20,665 SH   DFND 9 20,665 0 0
PROSPECT CAPITAL CORPORATION COM 74348T102 1,488 203,000 SH   DFND 9 203,000 0 0
PRUDENTIAL FINL INC COM 744320102 11,359 112,112 SH   DFND 9 112,112 0 0
QUALCOMM INC COM 747525103 2,791 38,741 SH   DFND 9 38,741 0 0
RAYONIER INC COM 754907103 969 28,669 SH   DFND 9 28,669 0 0
REDWOOD TR INC COM 758075402 349 21,472 SH   DFND 9 21,472 0 0
REGIONS FINL CORP NEW COM 7591EP100 2,321 126,500 SH   DFND 9 126,500 0 0
RELIANCE STEEL & ALUMINUM CO COM 759509102 2,682 31,442 SH   DFND 9 31,442 0 0
REPUBLIC SVCS INC COM 760759100 1,054 14,500 SH   DFND 9 14,500 0 0
RLI CORP COM 749607107 1,224 15,575 SH   DFND 9 15,575 0 0
ROYAL CARIBBEAN CRUISES LTD COM V7780T103 1,507 11,600 SH   DFND 9 11,600 0 0
RPM INTL INC COM 749685103 2,006 30,894 SH   DFND 9 30,894 0 0
RYDER SYS INC COM 783549108 3,179 43,505 SH   DFND 9 43,505 0 0
SABRE CORP COM 78573M104 5,060 194,000 SH   DFND 9 194,000 0 0
SAFETY INS GROUP INC COM 78648T100 314 3,501 SH   DFND 9 3,501 0 0
SANFILIPPO JOHN B & SON INC COM 800422107 375 5,251 SH   DFND 9 5,251 0 0
SCANA CORP NEW COM 80589M102 1,474 37,894 SH   DFND 9 37,894 0 0
SCHLUMBERGER LTD COM 806857108 1,837 30,149 SH   DFND 9 30,149 0 0
SCHWEITZER-MAUDUIT INTL INC COM 808541106 321 8,366 SH   DFND 9 8,366 0 0
SEAGATE TECHNOLOGY PLC SHS G7945M107 4,190 88,500 SH   DFND 9 88,500 0 0
SEMPRA ENERGY COM 816851109 1,297 11,400 SH   DFND 9 11,400 0 0
SIGNET JEWELERS LIMITED SHS G81276100 779 11,821 SH   DFND 9 11,821 0 0
SILICON MOTION TECHNOLOGY CO SPONSORED ADR 82706C108 1,065 19,829 SH   DFND 9 19,829 0 0
SMUCKER J M CO COM NEW 832696405 746 7,272 SH   DFND 9 7,272 0 0
SNAP ON INC COM 833034101 2,447 13,328 SH   DFND 9 13,328 0 0
SOCIEDAD QUIMICA MINERA DE C SPON ADR SER B 833635105 2,900 63,438 SH   DFND 9 63,438 0 0
SONIC CORP COM 835451105 984 22,700 SH   DFND 9 22,700 0 0
SONOCO PRODS CO COM 835495102 1,094 19,711 SH   DFND 9 19,711 0 0
SPIRE INC COM 84857L101 1,514 20,589 SH   DFND 9 20,589 0 0
STARWOOD PPTY TR INC COM 85571B105 1,840 85,500 SH   DFND 9 85,500 0 0
STATE BK FINL CORP COM 856190103 216 7,162 SH   DFND 9 7,162 0 0
STURM RUGER & CO INC COM 864159108 1,275 18,468 SH   DFND 9 18,468 0 0
SUBURBAN PROPANE PARTNERS L UNIT LTD PARTN 864482104 224 9,512 SH   DFND 9 9,512 0 0
SUMMIT MIDSTREAM PARTNERS LP COM UNIT LTD 866142102 227 15,871 SH   DFND 9 15,871 0 0
SUNOCO LP COM U REP LP 86765K109 314 10,640 SH   DFND 9 10,640 0 0
TAILORED BRANDS INC COM 87403A107 295 11,700 SH   DFND 9 11,700 0 0
TARGET CORP COM 87612E106 2,122 24,053 SH   DFND 9 24,053 0 0
TENNECO INC COM 880349105 1,464 34,741 SH   DFND 9 34,741 0 0
TEVA PHARMACEUTICAL INDS LTD SPONSORED ADR 881624209 7,954 369,245 SH   DFND 9 369,245 0 0
TEXAS INSTRS INC COM 882508104 2,661 24,804 SH   DFND 9 24,804 0 0
TFS FINL CORP COM 87240R107 269 17,927 SH   DFND 9 17,927 0 0
THOMSON REUTERS CORP COM 884903105 1,978 43,300 SH   DFND 9 43,300 0 0
TILE SHOP HLDGS INC COM 88677Q109 80 11,250 SH   DFND 9 11,250 0 0
TORONTO DOMINION BK ONT COM NEW 891160509 1,413 23,236 SH   DFND 9 23,236 0 0
TOTAL S A SPONSORED ADR 89151E109 1,126 17,493 SH   DFND 9 17,493 0 0
TRANSDIGM GROUP INC COM 893641100 521 1,400 SH   DFND 9 1,400 0 0
TRANSPORTADORA DE GAS SUR SPON ADR B 893870204 147 10,100 SH   DFND 9 10,100 0 0
TRAVELPORT WORLDWIDE LTD SHS G9019D104 830 49,200 SH   DFND 9 49,200 0 0
TRIBUNE MEDIA CO CL A 896047503 608 15,825 SH   DFND 9 15,825 0 0
TRINSEO S A SHS L9340P101 438 5,591 SH   DFND 9 5,591 0 0
TRUSTMARK CORP COM 898402102 1,342 39,876 SH   DFND 9 39,876 0 0
UGI CORP NEW COM 902681105 1,259 22,700 SH   DFND 9 22,700 0 0
UNIVERSAL CORP VA COM 913456109 256 3,946 SH   DFND 9 3,946 0 0
V F CORP COM 918204108 2,710 29,000 SH   DFND 9 29,000 0 0
VALERO ENERGY CORP NEW COM 91913Y100 6,728 59,144 SH   DFND 9 59,144 0 0
VECTREN CORP COM 92240G101 533 7,458 SH   DFND 9 7,458 0 0
VEON LTD SPONSORED ADR 91822M106 678 233,800 SH   DFND 9 233,800 0 0
VIPER ENERGY PARTNERS LP COM UNT RP INT 92763M105 463 11,005 SH   DFND 9 11,005 0 0
W R BERKLEY CORPORATION COM 084423102 850 10,634 SH   DFND 9 10,634 0 0
WADDELL & REED FINL INC CL A 930059100 2,300 108,588 SH   DFND 9 108,588 0 0
WALGREENS BOOTS ALLIANCE INC COM 931427108 2,187 29,997 SH   DFND 9 29,997 0 0
WATSCO INC COM 942622200 595 3,339 SH   DFND 9 3,339 0 0
WEBSTER FINL CORP CONN COM 947890109 431 7,304 SH   DFND 9 7,304 0 0
WESTERN DIGITAL CORP COM 958102105 1,036 17,700 SH   DFND 9 17,700 0 0
WESTERN UN CO COM 959802109 1,003 52,600 SH   DFND 9 52,600 0 0
WHITING PETE CORP NEW COM NEW 966387409 2,988 56,337 SH   DFND 9 56,337 0 0
WILLIAMS SONOMA INC COM 969904101 4,046 61,559 SH   DFND 9 61,559 0 0
WINDSTREAM HLDGS INC COM PAR 97382A309 238 48,600 SH   DFND 9 48,600 0 0
WINGSTOP INC COM 974155103 2,546 37,291 SH   DFND 9 37,291 0 0
WISDOMTREE INVTS INC COM 97717P104 223 26,315 SH   DFND 9 26,315 0 0
XENIA HOTELS & RESORTS INC COM 984017103 490 20,676 SH   DFND 9 20,676 0 0
YIRENDAI LTD SPONSORED ADR 98585L100 513 27,867 SH   DFND 9 27,867 0 0