# EDGAR Filing Document

**Accession Number:** 0000846797
**File Stem:** 0000846797-23-000001
**Filing Date:** 2023-2
**Character Count:** 25425
**Document Hash:** b4753f53835336484723887805ebc60c
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000846797-23-000001.hdr.sgml**: 20230213

**ACCESSION NUMBER**: 0000846797-23-000001

**CONFORMED SUBMISSION TYPE**: 13F-HR

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20221231

**FILED AS OF DATE**: 20230213

**DATE AS OF CHANGE**: 20230213

**EFFECTIVENESS DATE**: 20230213

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** DEAN INVESTMENT ASSOCIATES, LLC
- **CENTRAL INDEX KEY:** 0000846797
- **IRS NUMBER:** 310861689
- **STATE OF INCORPORATION:** NV
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-02462
- **FILM NUMBER:** 23616384

**BUSINESS ADDRESS:**
- **STREET 1:** 3500 PENTAGON BLVD, SUITE 200
- **CITY:** BEAVERCREEK
- **STATE:** OH
- **ZIP:** 45431
- **BUSINESS PHONE:** 8003273656

**MAIL ADDRESS:**
- **STREET 1:** 3500 PENTAGON BLVD, SUITE 200
- **CITY:** BEAVERCREEK
- **STATE:** OH
- **ZIP:** 45431

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** DEAN C H & ASSOCIATES INC
- **DATE OF NAME CHANGE:** 19990319

### FORM 13F COVER PAGE

**Report for the Calendar Year or Quarter Ended:** 12-31-2022

**Check here if Amendment** [ ] **Amendment Number:** 

**This Amendment (Check only one.):** [ ] is a restatement.

[ ] adds new holdings entries.

**Institutional Investment Manager Filing this Report:**

**Name:** DEAN INVESTMENT ASSOCIATES LLC<br>**Address:** 3500 PENTAGON BLVD SUITE 200<br>BEAVERCREEK, OH 45431

**Form 13F File Number:** 028-02462

The institutional investment manager filing this report and the person by whom it is signed hereby represent that the person signing the report is authorized to submit it, that all information contained herein is true, correct and complete, and that it is understood that all required items, statements, schedules, lists, and tables, are considered integral parts of this form.

**Person Signing this Report on Behalf of Reporting Manager:**

**Name:** Debra Rindler<br>**Title:** Chief Compliance Officer<br>**Phone:** 9372253406

**Signature, Place, and Date of Signing:**

Debra E. Rindler  Beavercreek, OH  02-13-2023<br>[Signature]  [City, State]  [Date]

**Report Type (Check only one.):**

[x] **13F HOLDINGS REPORT.** (Check here if all holdings of this reporting manager are reported in this report.)

[ ] **13F NOTICE.** (Check here if no holdings are reported in this report, and all holdings are reported by other reporting manager(s).)

[ ] **13F COMBINATION REPORT.** (Check here if a portion of the holdings for this reporting manager are reported in this report and a portion are reported by other reporting manager(s).)

### Form 13F Summary Page

**Report Summary:**

**Number of Other Included Managers:** 1

**Form 13F Information Table Entry Total:** 218

**Form 13F Information Table Value Total:** $588054647

      (round to nearest dollar)

**List of Other Included Managers:**

Provide a numbered list of the name(s) and Form 13F file number(s) of all institutional investment managers with respect to which this report is filed, other than the manager filing this report.

[If there are no entries in this list, state “NONE” and omit the column headings and list entries.]

| No.   | Name                    | Form 13F File Number   |
|:---|:---|:---|
|  | Dean Capital Management | 028-13367              |

### FORM 13F INFORMATION TABLE

---

|  |  |  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| NAME OF ISSUER | TITLE OF CLASS | CUSIP | FIGI | VALUE (x$1000) | SHRS OR PRN AMT | SH/PRN | PUT/CALL | INVESTMENT DISCRETION | OTHER MANAGER | VOTING AUTHORITY | VOTING AUTHORITY | VOTING AUTHORITY |
| NAME OF ISSUER | TITLE OF CLASS | CUSIP | FIGI | VALUE (x$1000) | SHRS OR PRN AMT | SH/PRN | PUT/CALL | INVESTMENT DISCRETION | OTHER MANAGER | SOLE | SHARED | NONE |
| Advance Auto Parts Inc | CS | 00751Y106 |  | 2798863 | 19036 | SH |  | DFND | 02 | 18105 | 0 | 931 |
| Advanced Energy Inds | CS | 007973100 |  | 1743478 | 20325 | SH |  | DFND | 02 | 18127 | 0 | 2198 |
| Aflac Inc | CS | 001055102 |  | 2270812 | 31565 | SH |  | DFND | 02 | 26501 | 0 | 5064 |
| Air Products  Chemicals Inc | CS | 009158106 |  | 4045296 | 13123 | SH |  | DFND | 02 | 12203 | 0 | 920 |
| Alamos Gold Inc | CS | 011532108 |  | 3462412 | 342474 | SH |  | DFND | 02 | 342474 | 0 | 0 |
| Alexander's Inc | CS | 014752109 |  | 837108 | 3804 | SH |  | DFND | 02 | 3804 | 0 | 0 |
| Allison Transmission Holdings | CS | 01973R101 |  | 699338 | 16811 | SH |  | DFND | 02 | 16811 | 0 | 0 |
| Allstate Corp/The | CS | 020002101 |  | 1337694 | 9865 | SH |  | DFND | 02 | 9642 | 0 | 223 |
| Alphabet Inc - A | CS | 02079k305 |  | 485089 | 5498 | SH |  | DFND | 02 | 3469 | 0 | 2029 |
| Altria Group Inc | CS | 02209S103 |  | 4852267 | 106153 | SH |  | DFND | 02 | 101590 | 0 | 4563 |
| Amdocs Ltd | CS | G02602103 |  | 486951 | 5357 | SH |  | DFND | 02 | 3478 | 0 | 1879 |
| Ameren Corp | CS | 023608102 |  | 1581175 | 17782 | SH |  | DFND | 02 | 17395 | 0 | 387 |
| American Electric Power | CS | 025537101 |  | 4336461 | 45671 | SH |  | DFND | 02 | 42224 | 0 | 3447 |
| American States Water Co | CS | 029899101 |  | 4610748 | 49819 | SH |  | DFND | 02 | 49819 | 0 | 0 |
| American Woodmark Corp | CS | 030506109 |  | 2476127 | 50678 | SH |  | DFND | 02 | 50678 | 0 | 0 |
| Ameriprise Financial Inc | CS | 03076C106 |  | 1784150 | 5730 | SH |  | DFND | 02 | 5620 | 0 | 110 |
| Amgen Inc | CS | 031162100 |  | 6952081 | 26470 | SH |  | DFND | 02 | 24106 | 0 | 2364 |
| Argan Inc | CS | 04010e109 |  | 5792520 | 157064 | SH |  | DFND | 02 | 157064 | 0 | 0 |
| Arrow Electronics Inc | CS | 042735100 |  | 1216986 | 11638 | SH |  | DFND | 02 | 11383 | 0 | 255 |
| Associated Banc Corp | CS | 045487105 |  | 934983 | 40493 | SH |  | DFND | 02 | 40493 | 0 | 0 |
| Assurant Inc | CS | 04621X108 |  | 1165809 | 9322 | SH |  | DFND | 02 | 9119 | 0 | 203 |
| Atmos Energy Corp | CS | 049560105 |  | 1730361 | 15440 | SH |  | DFND | 02 | 15106 | 0 | 334 |
| AutoZone Inc | CS | 053332102 |  | 4493380 | 1822 | SH |  | DFND | 02 | 1558 | 0 | 264 |
| Avery Dennison Corp | CS | 053611109 |  | 1280213 | 7073 | SH |  | DFND | 02 | 6919 | 0 | 154 |
| Avista Corp | CS | 05379B107 |  | 3471246 | 78287 | SH |  | DFND | 02 | 78287 | 0 | 0 |
| AZZ Inc | CS | 002474104 |  | 3482566 | 86631 | SH |  | DFND | 02 | 86631 | 0 | 0 |
| Baker Hughes Co | CS | 05722G100 |  | 1411829 | 47810 | SH |  | DFND | 02 | 46714 | 0 | 1096 |
| Bank of NY Mellon | CS | 064058100 |  | 1444687 | 31737 | SH |  | DFND | 02 | 26274 | 0 | 5463 |
| BCE Inc | CS | 05534B760 |  | 4835511 | 110023 | SH |  | DFND | 02 | 105385 | 0 | 4638 |
| Benchmark Electronics Inc | CS | 08160H101 |  | 2498851 | 93625 | SH |  | DFND | 02 | 93625 | 0 | 0 |
| Berkshire Hathaway Inc - B | CS | 084670702 |  | 3016717 | 9766 | SH |  | DFND | 02 | 7723 | 0 | 2043 |
| BJ's Wholesale Club Holdings | CS | 05550J101 |  | 1473185 | 22267 | SH |  | DFND | 02 | 21759 | 0 | 508 |
| BlackRock Inc | CS | 09247X101 |  | 6260096 | 8834 | SH |  | DFND | 02 | 7831 | 0 | 1003 |
| BorgWarner Inc | CS | 099724106 |  | 2436653 | 60538 | SH |  | DFND | 02 | 55323 | 0 | 5215 |
| Brady Corp | CS | 104674106 |  | 5704328 | 121111 | SH |  | DFND | 02 | 121111 | 0 | 0 |
| Bristol Myers Squibb Co | CS | 110122108 |  | 4447158 | 61809 | SH |  | DFND | 02 | 55229 | 0 | 6580 |
| Broadcom Inc | CS | 11135f101 |  | 4277344 | 7650 | SH |  | DFND | 02 | 7317 | 0 | 333 |
| Broadridge Financial Solutions | CS | 11133T103 |  | 1439751 | 10734 | SH |  | DFND | 02 | 10499 | 0 | 235 |
| Cal Maine Foods Inc | CS | 128030202 |  | 4723701 | 86753 | SH |  | DFND | 02 | 86753 | 0 | 0 |
| Camden National Corp | CS | 133034108 |  | 4798477 | 115099 | SH |  | DFND | 02 | 115099 | 0 | 0 |
| Canadian Imperial  Bank of Com | CS | 136069101 |  | 2997021 | 74092 | SH |  | DFND | 02 | 71049 | 0 | 3043 |
| Capitol Federal Financial | CS | 14057J101 |  | 1172862 | 135591 | SH |  | DFND | 02 | 135591 | 0 | 0 |
| CareTrust REIT Inc | CS | 14174t107 |  | 549448 | 29572 | SH |  | DFND | 02 | 29572 | 0 | 0 |
| Carter's Inc | CS | 146229109 |  | 1391551 | 18651 | SH |  | DFND | 02 | 18651 | 0 | 0 |
| Casey's Gen Stores Inc | CS | 147528103 |  | 1550932 | 6913 | SH |  | DFND | 02 | 6763 | 0 | 150 |
| Cathay General Bancorp | CS | 149150104 |  | 1741815 | 42702 | SH |  | DFND | 02 | 42702 | 0 | 0 |
| CBRE Group Inc | CS | 12504L109 |  | 1345723 | 17486 | SH |  | DFND | 02 | 17110 | 0 | 376 |
| Centerpoint Energy Inc | CS | 15189T107 |  | 1621679 | 54074 | SH |  | DFND | 02 | 52899 | 0 | 1175 |
| Chemed Corp | CS | 16359R103 |  | 1305170 | 2557 | SH |  | DFND | 02 | 2498 | 0 | 59 |
| Chevron Corp | CS | 166764100 |  | 11866548 | 66113 | SH |  | DFND | 02 | 59479 | 0 | 6634 |
| Church  Dwight Inc | CS | 171340102 |  | 367098 | 4554 | SH |  | DFND | 02 | 3025 | 0 | 1529 |
| Cisco Systems Inc | CS | 17275R102 |  | 6652634 | 139644 | SH |  | DFND | 02 | 125839 | 0 | 13805 |
| CMS Energy Corp | CS | 125896100 |  | 1652533 | 26094 | SH |  | DFND | 02 | 25525 | 0 | 569 |
| Cognizant Technology Solutions | CS | 192446102 |  | 1512872 | 26453 | SH |  | DFND | 02 | 20889 | 0 | 5564 |
| Conagra Brands | CS | 205887102 |  | 1580585 | 40842 | SH |  | DFND | 02 | 39950 | 0 | 892 |
| Cousins Properties Inc. | CS | 222795502 |  | 3693099 | 146030 | SH |  | DFND | 02 | 145601 | 0 | 429 |
| CSG Systems International Inc | CS | 126349109 |  | 3495378 | 61108 | SH |  | DFND | 02 | 61108 | 0 | 0 |
| CTO Realty Growth Inc | CS | 22948Q101 |  | 545073 | 29818 | SH |  | DFND | 02 | 29818 | 0 | 0 |
| Cummins Inc | CS | 231021106 |  | 579073 | 2390 | SH |  | DFND | 02 | 1889 | 0 | 501 |
| Curtiss Wright Corp | CS | 231561101 |  | 1649193 | 9876 | SH |  | DFND | 02 | 9661 | 0 | 215 |
| CVS Health Corp | CS | 126650100 |  | 1317284 | 14135 | SH |  | DFND | 02 | 12170 | 0 | 1965 |
| Diamond Hill Investment Group | CS | 25264R207 |  | 2588245 | 13989 | SH |  | DFND | 02 | 13989 | 0 | 0 |
| Digital Realty Trust Inc | CS | 253868103 |  | 3960449 | 39498 | SH |  | DFND | 02 | 36462 | 0 | 3036 |
| Dominion Energy Inc | CS | 25746U109 |  | 2346376 | 38264 | SH |  | DFND | 02 | 36285 | 0 | 1979 |
| Donaldson Inc | CS | 257651109 |  | 1716355 | 29155 | SH |  | DFND | 02 | 24460 | 0 | 4695 |
| Dover Corp | CS | 260003108 |  | 1215440 | 8976 | SH |  | DFND | 02 | 8781 | 0 | 195 |
| Duke Energy Corp | CS | 26441c204 |  | 6926798 | 67257 | SH |  | DFND | 02 | 61237 | 0 | 6020 |
| Eagle Materials Inc | CS | 26969p108 |  | 1134140 | 8537 | SH |  | DFND | 02 | 8351 | 0 | 186 |
| Eastman Chemical Co | CS | 277432100 |  | 801940 | 9847 | SH |  | DFND | 02 | 9621 | 0 | 226 |
| Elevance Health Inc | CS | 036752103 |  | 704308 | 1373 | SH |  | DFND | 02 | 879 | 0 | 494 |
| Eli Lilly  Co | CS | 532457108 |  | 318281 | 870 | SH |  | DFND | 02 | 870 | 0 | 0 |
| Emerson Electric Co | CS | 291011104 |  | 2873083 | 29909 | SH |  | DFND | 02 | 25057 | 0 | 4852 |
| Employers Holdings | CS | 292218104 |  | 5096500 | 118166 | SH |  | DFND | 02 | 118166 | 0 | 0 |
| Encompass Health Corp | CS | 29261A100 |  | 3236174 | 54108 | SH |  | DFND | 02 | 48834 | 0 | 5274 |
| EOG Resources Inc | CS | 26875P101 |  | 2940234 | 22701 | SH |  | DFND | 02 | 21853 | 0 | 848 |
| Equity Commonwealth | CS | 294628102 |  | 4139427 | 165776 | SH |  | DFND | 02 | 165776 | 0 | 0 |
| Essex Property Trust Inc | CS | 297178105 |  | 3897209 | 18390 | SH |  | DFND | 02 | 17509 | 0 | 881 |
| FactSet Research Systems Inc | CS | 303075105 |  | 467410 | 1165 | SH |  | DFND | 02 | 760 | 0 | 405 |
| Fastenal Co | CS | 311900104 |  | 2380526 | 50307 | SH |  | DFND | 02 | 46085 | 0 | 4222 |
| Federal Signal Corp | CS | 313855108 |  | 2155418 | 46383 | SH |  | DFND | 02 | 46383 | 0 | 0 |
| Federated Hermes Inc | CS | 314211103 |  | 1372300 | 37794 | SH |  | DFND | 02 | 37794 | 0 | 0 |
| Fifth Third Bancorp | CS | 316773100 |  | 1318011 | 40171 | SH |  | DFND | 02 | 39299 | 0 | 872 |
| Fiserv Inc | CS | 337738108 |  | 1234974 | 12219 | SH |  | DFND | 02 | 10074 | 0 | 2145 |
| Flowers Foods Inc | CS | 343498101 |  | 7169042 | 249445 | SH |  | DFND | 02 | 234020 | 0 | 15425 |
| FMC Corp | CS | 302491303 |  | 1642618 | 13162 | SH |  | DFND | 02 | 12875 | 0 | 287 |
| Fox Factory Holding Corp | CS | 35138V102 |  | 2137884 | 23434 | SH |  | DFND | 02 | 20953 | 0 | 2481 |
| Fresh Del Monte Produce Inc | CS | G36738105 |  | 453139 | 17302 | SH |  | DFND | 02 | 17302 | 0 | 0 |
| FTI Consulting Inc | CS | 302941109 |  | 1407762 | 8865 | SH |  | DFND | 02 | 8672 | 0 | 193 |
| Genuine Parts Co | CS | 372460105 |  | 4241143 | 24443 | SH |  | DFND | 02 | 23721 | 0 | 722 |
| Getty Realty Corp | CS | 374297109 |  | 3102759 | 91662 | SH |  | DFND | 02 | 91662 | 0 | 0 |
| Globe Life | CS | 37959e102 |  | 4390238 | 36418 | SH |  | DFND | 02 | 32697 | 0 | 3721 |
| Haemonetics Corp | CS | 405024100 |  | 627312 | 7976 | SH |  | DFND | 02 | 7976 | 0 | 0 |
| HCA Holdings Inc | CS | 40412C101 |  | 871055 | 3630 | SH |  | DFND | 02 | 2366 | 0 | 1264 |
| Heartland Express Inc | CS | 422347104 |  | 5278018 | 344069 | SH |  | DFND | 02 | 344069 | 0 | 0 |
| Hershey Co/The | CS | 427866108 |  | 3036215 | 13111 | SH |  | DFND | 02 | 10415 | 0 | 2696 |
| Home Depot Inc | CS | 437076102 |  | 387560 | 1227 | SH |  | DFND | 02 | 834 | 0 | 393 |
| Hooker Furniture Corp | CS | 439038100 |  | 1383650 | 73992 | SH |  | DFND | 02 | 73992 | 0 | 0 |
| Hubbell Inc | CS | 443510607 |  | 1581743 | 6740 | SH |  | DFND | 02 | 6594 | 0 | 146 |
| Humana Inc | CS | 444859102 |  | 2220856 | 4336 | SH |  | DFND | 02 | 3625 | 0 | 711 |
| Intel Corp | CS | 458140100 |  | 1548349 | 58583 | SH |  | DFND | 02 | 55288 | 0 | 3295 |
| ITT Inc | CS | 45073v108 |  | 1432794 | 17667 | SH |  | DFND | 02 | 17284 | 0 | 383 |
| John B Sanfilippo  Son Inc | CS | 800422107 |  | 5118931 | 62948 | SH |  | DFND | 02 | 62948 | 0 | 0 |
| Johnson  Johnson | CS | 478160104 |  | 6168661 | 34920 | SH |  | DFND | 02 | 31224 | 0 | 3696 |
| Johnson Outdoors Inc | CS | 479167108 |  | 2125692 | 32149 | SH |  | DFND | 02 | 32149 | 0 | 0 |
| JP Morgan Chase  Co | CS | 46625H100 |  | 4704898 | 35085 | SH |  | DFND | 02 | 31990 | 0 | 3095 |
| Kennametal Inc | CS | 489170100 |  | 994929 | 41352 | SH |  | DFND | 02 | 41352 | 0 | 0 |
| KeyCorp | CS | 493267108 |  | 1374513 | 78904 | SH |  | DFND | 02 | 65871 | 0 | 13033 |
| Kimberly Clark Corp | CS | 494368103 |  | 5791880 | 42666 | SH |  | DFND | 02 | 38283 | 0 | 4383 |
| Kinder Morgan Inc | CS | 49456B101 |  | 6845341 | 378614 | SH |  | DFND | 02 | 344984 | 0 | 33630 |
| Lamar Advertising Co | CS | 512816109 |  | 2974355 | 31508 | SH |  | DFND | 02 | 30325 | 0 | 1183 |
| Lancaster Colony Corp | CS | 513847103 |  | 3752646 | 19020 | SH |  | DFND | 02 | 19020 | 0 | 0 |
| Linde | CS | g5494j103 |  | 2174957 | 6668 | SH |  | DFND | 02 | 5581 | 0 | 1087 |
| Littelfuse Inc | CS | 537008104 |  | 1251617 | 5684 | SH |  | DFND | 02 | 5562 | 0 | 122 |
| LKQ Corp | CS | 501889208 |  | 601023 | 11253 | SH |  | DFND | 02 | 7212 | 0 | 4041 |
| Lockheed Martin Corp | CS | 539830109 |  | 4302031 | 8843 | SH |  | DFND | 02 | 8499 | 0 | 344 |
| Lowe's Companies Inc | CS | 548661107 |  | 1764469 | 8856 | SH |  | DFND | 02 | 7383 | 0 | 1473 |
| Masco Corp | CS | 574599106 |  | 1124420 | 24093 | SH |  | DFND | 02 | 23568 | 0 | 525 |
| Maximus Inc | CS | 577933104 |  | 4373035 | 59635 | SH |  | DFND | 02 | 59635 | 0 | 0 |
| McKesson Corp | CS | 58155Q103 |  | 2721307 | 7254 | SH |  | DFND | 02 | 5891 | 0 | 1363 |
| Medifast Inc | CS | 58470H101 |  | 877583 | 7608 | SH |  | DFND | 02 | 7608 | 0 | 0 |
| Merck  Co Inc | CS | 58933Y105 |  | 5779164 | 52088 | SH |  | DFND | 02 | 50039 | 0 | 2049 |
| Methode Electronics Inc | CS | 591520200 |  | 2074342 | 46751 | SH |  | DFND | 02 | 46751 | 0 | 0 |
| Metlife Inc | CS | 59156R108 |  | 3524853 | 48706 | SH |  | DFND | 02 | 45574 | 0 | 3132 |
| Microsoft Corp | CS | 594918104 |  | 1370001 | 5713 | SH |  | DFND | 02 | 4910 | 0 | 803 |
| Miller Industries Inc/Tenn | CS | 600551204 |  | 2476421 | 92889 | SH |  | DFND | 02 | 92889 | 0 | 0 |
| MSC Industrial Direct | CS | 553530106 |  | 1402789 | 17170 | SH |  | DFND | 02 | 16797 | 0 | 373 |
| Mueller Water Products | CS | 624758108 |  | 1414068 | 131419 | SH |  | DFND | 02 | 131419 | 0 | 0 |
| National Fuel Gas Co | CS | 636180101 |  | 1905963 | 30110 | SH |  | DFND | 02 | 28867 | 0 | 1243 |
| National Healthcare Corp | CS | 635906100 |  | 3906056 | 65648 | SH |  | DFND | 02 | 65648 | 0 | 0 |
| Nelnet Inc | CS | 64031N108 |  | 3830648 | 42211 | SH |  | DFND | 02 | 42211 | 0 | 0 |
| NewMarket Corp | CS | 651587107 |  | 877952 | 2822 | SH |  | DFND | 02 | 2822 | 0 | 0 |
| Nextera Energy Inc | CS | 65339F101 |  | 384560 | 4600 | SH |  | DFND | 02 | 4600 | 0 | 0 |
| NextGen Healthcare Inc | CS | 65343c102 |  | 896426 | 47733 | SH |  | DFND | 02 | 47733 | 0 | 0 |
| Northwest Natural Holding Co | CS | 66765N105 |  | 654029 | 13743 | SH |  | DFND | 02 | 13743 | 0 | 0 |
| Northwestern Corp | CS | 668074305 |  | 4815860 | 81157 | SH |  | DFND | 02 | 76878 | 0 | 4279 |
| Nutrien Ltd | CS | 67077M108 |  | 1336459 | 18300 | SH |  | DFND | 02 | 15234 | 0 | 3066 |
| nVent Electric | CS | g6700g107 |  | 1741845 | 45278 | SH |  | DFND | 02 | 44292 | 0 | 986 |
| Omnicom Group | CS | 681919106 |  | 7771564 | 95275 | SH |  | DFND | 02 | 89255 | 0 | 6020 |
| Packaging Corp of America | CS | 695156109 |  | 3558072 | 27817 | SH |  | DFND | 02 | 25660 | 0 | 2157 |
| Parker Hannifin Corp | CS | 701094104 |  | 403908 | 1388 | SH |  | DFND | 02 | 886 | 0 | 502 |
| Paychex Inc | CS | 704326107 |  | 2799236 | 24223 | SH |  | DFND | 02 | 23250 | 0 | 973 |
| PepsiCo Inc | CS | 713448108 |  | 6041448 | 33441 | SH |  | DFND | 02 | 29795 | 0 | 3646 |
| Perrigo Co plc | CS | g97822103 |  | 1238183 | 36321 | SH |  | DFND | 02 | 36321 | 0 | 0 |
| Pfizer Inc | CS | 717081103 |  | 6101491 | 119077 | SH |  | DFND | 02 | 107500 | 0 | 11577 |
| Philip Morris International | CS | 718172109 |  | 4379660 | 43273 | SH |  | DFND | 02 | 41611 | 0 | 1662 |
| Pioneer Nat Res Co | CS | 723787107 |  | 1664963 | 7290 | SH |  | DFND | 02 | 7091 | 0 | 199 |
| Plexus Corp | CS | 729132100 |  | 947265 | 9203 | SH |  | DFND | 02 | 9203 | 0 | 0 |
| PNC Financial Services Group | CS | 693475105 |  | 5291370 | 33502 | SH |  | DFND | 02 | 30460 | 0 | 3042 |
| Portland General Electric Co | CS | 736508847 |  | 5339187 | 108963 | SH |  | DFND | 02 | 108963 | 0 | 0 |
| Preformed Line Products Co | CS | 740444104 |  | 419032 | 5031 | SH |  | DFND | 02 | 5031 | 0 | 0 |
| Prestige Consumer Healthcare I | CS | 74112D101 |  | 3917508 | 62580 | SH |  | DFND | 02 | 62580 | 0 | 0 |
| Principal Financial Group Inc | CS | 74251V102 |  | 4846371 | 57750 | SH |  | DFND | 02 | 53608 | 0 | 4142 |
| Prudential Financial Inc | CS | 744320102 |  | 4290505 | 43138 | SH |  | DFND | 02 | 41466 | 0 | 1672 |
| Public Storage | CS | 74460D109 |  | 2157183 | 7699 | SH |  | DFND | 02 | 6250 | 0 | 1449 |
| PulteGroup Inc | CS | 745867101 |  | 1089169 | 23922 | SH |  | DFND | 02 | 23670 | 0 | 252 |
| QCR Holdings Inc | CS | 74727a104 |  | 2625261 | 52886 | SH |  | DFND | 02 | 52886 | 0 | 0 |
| Quest Diagnostics Inc | CS | 74834L100 |  | 1474291 | 9424 | SH |  | DFND | 02 | 9219 | 0 | 205 |
| Raymond James Financial Inc | CS | 754730109 |  | 1985594 | 18583 | SH |  | DFND | 02 | 18178 | 0 | 405 |
| Regal Rexnord Corp | CS | 758750103 |  | 2060525 | 17174 | SH |  | DFND | 02 | 15011 | 0 | 2163 |
| Regency Ctrs Corp Com | CS | 758849103 |  | 975562 | 15609 | SH |  | DFND | 02 | 15446 | 0 | 163 |
| Regions Financial Corp | CS | 7591EP100 |  | 1471448 | 68249 | SH |  | DFND | 02 | 66908 | 0 | 1341 |
| Reinsurance Group Of America | CS | 759351604 |  | 1386656 | 9759 | SH |  | DFND | 02 | 9547 | 0 | 212 |
| Republic Services Inc | CS | 760759100 |  | 1561295 | 12104 | SH |  | DFND | 02 | 11840 | 0 | 264 |
| RPM Intl Inc | CS | 749685103 |  | 349651 | 3588 | SH |  | DFND | 02 | 2340 | 0 | 1248 |
| Safety Insurance Group Inc | CS | 78648T100 |  | 4394159 | 52150 | SH |  | DFND | 02 | 52150 | 0 | 0 |
| Sensient Technologies Corp | CS | 81725T100 |  | 1207920 | 16565 | SH |  | DFND | 02 | 16565 | 0 | 0 |
| Skechers USA Inc | CS | 830566105 |  | 1265464 | 30166 | SH |  | DFND | 02 | 29479 | 0 | 687 |
| Sonoco Products | CS | 835495102 |  | 863478 | 14223 | SH |  | DFND | 02 | 14223 | 0 | 0 |
| Southern Co/The | CS | 842587107 |  | 305349 | 4276 | SH |  | DFND | 02 | 3074 | 0 | 1202 |
| Southwest Gas Holdings Inc | CS | 844895102 |  | 1007530 | 16282 | SH |  | DFND | 02 | 16282 | 0 | 0 |
| Spire Inc | CS | 84857L101 |  | 3455877 | 50187 | SH |  | DFND | 02 | 50187 | 0 | 0 |
| Sprouts Farmers Market Inc | CS | 85208m102 |  | 1132011 | 34971 | SH |  | DFND | 02 | 34971 | 0 | 0 |
| SSR Mining Inc | CS | 784730103 |  | 1326732 | 84667 | SH |  | DFND | 02 | 84667 | 0 | 0 |
| Stag Industrial Inc | CS | 85254J102 |  | 1381576 | 42760 | SH |  | DFND | 02 | 41829 | 0 | 931 |
| Standard Motor Products Inc | CS | 853666105 |  | 5508527 | 158291 | SH |  | DFND | 02 | 158291 | 0 | 0 |
| Stanley Black  Decker Inc | CS | 854502101 |  | 2826841 | 37631 | SH |  | DFND | 02 | 33527 | 0 | 4104 |
| Steel Dynamics Inc | CS | 858119100 |  | 1306151 | 13369 | SH |  | DFND | 02 | 13082 | 0 | 287 |
| Stepan Co | CS | 858586100 |  | 1933420 | 18161 | SH |  | DFND | 02 | 18161 | 0 | 0 |
| Stewart Information Services C | CS | 860372101 |  | 3596883 | 84177 | SH |  | DFND | 02 | 84177 | 0 | 0 |
| Stonex Group Inc | CS | 861896108 |  | 1204497 | 12639 | SH |  | DFND | 02 | 12639 | 0 | 0 |
| Stryker Corp | CS | 863667101 |  | 1646309 | 6734 | SH |  | DFND | 02 | 5650 | 0 | 1084 |
| T Rowe Price Group Inc | CS | 74144T108 |  | 4986332 | 45721 | SH |  | DFND | 02 | 42222 | 0 | 3499 |
| Take-Two Interactive Software | CS | 874054109 |  | 1111484 | 10674 | SH |  | DFND | 02 | 10563 | 0 | 111 |
| Texas Instruments Inc | CS | 882508104 |  | 4241693 | 25673 | SH |  | DFND | 02 | 22829 | 0 | 2844 |
| Tri Pointe Group Inc | CS | 87265H109 |  | 5743845 | 308975 | SH |  | DFND | 02 | 308975 | 0 | 0 |
| Truist Financial Corp | CS | 89832q109 |  | 955483 | 22205 | SH |  | DFND | 02 | 18029 | 0 | 4176 |
| Tyson Foods Inc | CS | 902494103 |  | 1158721 | 18614 | SH |  | DFND | 02 | 18211 | 0 | 403 |
| Ulta Beauty Inc | CS | 90384S303 |  | 1649250 | 3516 | SH |  | DFND | 02 | 3439 | 0 | 77 |
| Union Pacific Corp | CS | 907818108 |  | 2291437 | 11066 | SH |  | DFND | 02 | 10514 | 0 | 552 |
| United Parcel Service Inc | CS | 911312106 |  | 6243240 | 35914 | SH |  | DFND | 02 | 32983 | 0 | 2931 |
| Universal Health Rlty Income | CS | 91359E105 |  | 2172861 | 45524 | SH |  | DFND | 02 | 45524 | 0 | 0 |
| US Bancorp | CS | 902973304 |  | 5544928 | 127148 | SH |  | DFND | 02 | 114030 | 0 | 13118 |
| US Foods Holding Corp | CS | 912008109 |  | 608039 | 17873 | SH |  | DFND | 02 | 17521 | 0 | 352 |
| Verizon Communications Inc | CS | 92343V104 |  | 5379002 | 136523 | SH |  | DFND | 02 | 120020 | 0 | 16503 |
| Visa Inc | CS | 92826C839 |  | 350907 | 1689 | SH |  | DFND | 02 | 1104 | 0 | 585 |
| Vishay Intertechnology Inc | CS | 928298108 |  | 5915961 | 274268 | SH |  | DFND | 02 | 264305 | 0 | 9963 |
| Walt Disney Co/The | CS | 254687106 |  | 1141844 | 13143 | SH |  | DFND | 02 | 10739 | 0 | 2404 |
| Washington Federal | CS | 938824109 |  | 5096614 | 151911 | SH |  | DFND | 02 | 151911 | 0 | 0 |
| Washington Trust Bancorp | CS | 940610108 |  | 3143603 | 66630 | SH |  | DFND | 02 | 66630 | 0 | 0 |
| Waterstone Financial Inc | CS | 94188P101 |  | 3215501 | 186514 | SH |  | DFND | 02 | 186514 | 0 | 0 |
| WEC Energy Group Inc | CS | 92939U106 |  | 4369260 | 46600 | SH |  | DFND | 02 | 40980 | 0 | 5620 |
| Welltower Inc | CS | 95040q104 |  | 1013010 | 15454 | SH |  | DFND | 02 | 15292 | 0 | 162 |
| Wendy's Company/The | CS | 95058W100 |  | 2138173 | 94484 | SH |  | DFND | 02 | 94484 | 0 | 0 |
| Werner Enterprises Inc | CS | 950755108 |  | 5434174 | 134977 | SH |  | DFND | 02 | 134977 | 0 | 0 |
| Whirlpool Corp | CS | 963320106 |  | 2298584 | 16249 | SH |  | DFND | 02 | 15319 | 0 | 930 |
| White Mountains Insurance Grou | CS | G9618E107 |  | 1040947 | 736 | SH |  | DFND | 02 | 736 | 0 | 0 |
| World Fuel Svcs Corp | CS | 981475106 |  | 2384379 | 87244 | SH |  | DFND | 02 | 87244 | 0 | 0 |
| WR Berkley Corp | CS | 084423102 |  | 1667513 | 22978 | SH |  | DFND | 02 | 22481 | 0 | 497 |
| Xcel Energy Inc | CS | 98389B100 |  | 1416082 | 20198 | SH |  | DFND | 02 | 19756 | 0 | 442 |
| Zimmer Biomet Holdings Inc | CS | 98956P102 |  | 1386052 | 10871 | SH |  | DFND | 02 | 10634 | 0 | 237 |
| iShares National Muni Bond | EF | 464288414 |  | 2090035 | 19807 | SH |  | DFND | 02 | 16264 | 0 | 3543 |
| iShares Russell 3000 Value Ind | EF | 464287663 |  | 12662617 | 179281 | SH |  | DFND | 02 | 177308 | 0 | 1973 |
| iShares S Mid-Cap 400 Value | EF | 464287705 |  | 435254 | 4318 | SH |  | DFND | 02 | 3735 | 0 | 583 |
| iShares Short Term Natinal | EF | 464288158 |  | 693395 | 6650 | SH |  | DFND | 02 | 6650 | 0 | 0 |
| Schwab Short-Term US Treasury | EF | 808524862 |  | 8632402 | 178947 | SH |  | DFND | 02 | 166522 | 0 | 12425 |
| SPDR Bloomberg Barclays Invest | EF | 78468r200 |  | 8311182 | 273484 | SH |  | DFND | 02 | 254018 | 0 | 19466 |
| SPDR S 500 | EF | 78462F103 |  | 984385 | 2574 | SH |  | SOLE |  | 2574 | 0 | 0 |
| VanEck Vectors Short H/Y Muni | EF | 92189f387 |  | 783904 | 35200 | SH |  | DFND | 02 | 35200 | 0 | 0 |

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