# EDGAR Filing Document

**Accession Number:** 0001050470
**File Stem:** 0001050470-23-000004
**Filing Date:** 2023-2
**Character Count:** 92121
**Document Hash:** 36f02c649975d80b5c47cbae382b63e9
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001050470-23-000004.hdr.sgml**: 20230208

**ACCESSION NUMBER**: 0001050470-23-000004

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

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20221231

**FILED AS OF DATE**: 20230208

**DATE AS OF CHANGE**: 20230208

**EFFECTIVENESS DATE**: 20230208

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** LSV ASSET MANAGEMENT
- **CENTRAL INDEX KEY:** 0001050470
- **IRS NUMBER:** 232772200
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-06580
- **FILM NUMBER:** 23598690

**BUSINESS ADDRESS:**
- **STREET 1:** 155 NORTH WACKER DRIVE
- **STREET 2:** SUITE 4600
- **CITY:** CHICAGO
- **STATE:** IL
- **ZIP:** 60606
- **BUSINESS PHONE:** 312-460-2443

**MAIL ADDRESS:**
- **STREET 1:** 155 NORTH WACKER DRIVE
- **STREET 2:** SUITE 4600
- **CITY:** CHICAGO
- **STATE:** IL
- **ZIP:** 60606

### 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:** LSV ASSET MANAGEMENT<br>**Address:** 155 NORTH WACKER DRIVE<br>SUITE 4600<br>CHICAGO, IL 60606

**Form 13F File Number:** 028-06580

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:** Kevin Phelan<br>**Title:** Chief Operating Officer<br>**Phone:** 312-460-2443

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

Kevin Phelan  Chicago, IL  02-08-2023<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:** 0

**Form 13F Information Table Entry Total:** 872

**Form 13F Information Table Value Total:** $45345850

      (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.]

**NONE**

### 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 |
| World Fuel Services Corp | COM | 981475106 |  | 33885 | 1239863 | SH |  | SOLE | 0 | 846461 | 0 | 393402 |
| Waterstone Financial Inc | COM | 94188P101 |  | 702 | 40700 | SH |  | SOLE | 0 | 38200 | 0 | 2500 |
| Visa Inc | COM | 92826C839 |  | 83 | 400 | SH |  | SOLE | 0 | 400 | 0 | 0 |
| Unum Group | COM | 91529Y106 |  | 119815 | 2920177 | SH |  | SOLE | 0 | 2218877 | 0 | 701300 |
| United Airlines Holdings Inc | COM | 910047109 |  | 111840 | 2966567 | SH |  | SOLE | 0 | 2072767 | 0 | 893800 |
| Tri Pointe Homes Inc | COM | 87265H109 |  | 35840 | 1927910 | SH |  | SOLE | 0 | 1479410 | 0 | 448500 |
| Tesla Inc | COM | 88160R101 |  | 99 | 800 | SH |  | SOLE | 0 | 800 | 0 | 0 |
| Super Micro Computer Inc | COM | 86800U104 |  | 14400 | 175401 | SH |  | SOLE | 0 | 63501 | 0 | 111900 |
| Sonoco Products Co | COM | 835495102 |  | 16458 | 271100 | SH |  | SOLE | 0 | 21400 | 0 | 249700 |
| Shutterstock Inc | COM | 825690100 |  | 833 | 15800 | SH |  | SOLE | 0 | 15800 | 0 | 0 |
| Sandy Spring Bancorp Inc | COM | 800363103 |  | 5732 | 162715 | SH |  | SOLE | 0 | 123215 | 0 | 39500 |
| Republic Bancorp Inc/KY | COM | 760281204 |  | 2729 | 66700 | SH |  | SOLE | 0 | 20200 | 0 | 46500 |
| Quanex Building Products Corp | COM | 747619104 |  | 20992 | 886496 | SH |  | SOLE | 0 | 509984 | 0 | 376512 |
| Primoris Services Corp | COM | 74164F103 |  | 16059 | 731964 | SH |  | SOLE | 0 | 533985 | 0 | 197979 |
| Phillips 66 | COM | 718546104 |  | 277034 | 2661745 | SH |  | SOLE | 0 | 2003405 | 0 | 658340 |
| Patrick Industries Inc | COM | 703343103 |  | 3501 | 57770 | SH |  | SOLE | 0 | 9370 | 0 | 48400 |
| Orrstown Financial Services Inc | COM | 687380105 |  | 950 | 41000 | SH |  | SOLE | 0 | 35800 | 0 | 5200 |
| Oaktree Specialty Lending Corporation | COM | 67401P108 |  | 25805 | 3756136 | SH |  | SOLE | 0 | 1991336 | 0 | 1764800 |
| NextGen Healthcare Inc | COM | 65343C102 |  | 802 | 42700 | SH |  | SOLE | 0 | 35200 | 0 | 7500 |
| National Energy Services Reunited Corp | COM | G6375R107 |  | 649 | 93572 | SH |  | SOLE | 0 | 93572 | 0 | 0 |
| Mind CTI Ltd | COM | M70240102 |  | 33 | 15800 | SH |  | SOLE | 0 | 15800 | 0 | 0 |
| Medtronic PLC | COM | G5960L103 |  | 412 | 5300 | SH |  | SOLE | 0 | 5300 | 0 | 0 |
| Marriott Vacations Worldwide Corp | COM | 57164Y107 |  | 11554 | 85845 | SH |  | SOLE | 0 | 30987 | 0 | 54858 |
| Lockheed Martin Corp | COM | 539830109 |  | 191608 | 393858 | SH |  | SOLE | 0 | 253450 | 0 | 140408 |
| Ladder Capital Corp | COM | 505743104 |  | 4742 | 472289 | SH |  | SOLE | 0 | 164200 | 0 | 308089 |
| Kelly Services Inc | COM | 488152208 |  | 13691 | 810142 | SH |  | SOLE | 0 | 361930 | 0 | 448212 |
| Ironwood Pharmaceuticals Inc | COM | 46333X108 |  | 98208 | 7926397 | SH |  | SOLE | 0 | 5266118 | 0 | 2660279 |
| Information Services Group Inc | COM | 45675Y104 |  | 5689 | 1236660 | SH |  | SOLE | 0 | 721320 | 0 | 515340 |
| Home Bancorp Inc | COM | 43689E107 |  | 196 | 4900 | SH |  | SOLE | 0 | 4900 | 0 | 0 |
| Haverty Furniture Cos Inc | COM | 419596101 |  | 22293 | 745600 | SH |  | SOLE | 0 | 440100 | 0 | 305500 |
| Greif Inc | COM | 397624107 |  | 100389 | 1497009 | SH |  | SOLE | 0 | 941988 | 0 | 555021 |
| GEO Group Inc/The | COM | 36162J106 |  | 4639 | 423686 | SH |  | SOLE | 0 | 242086 | 0 | 181600 |
| FONAR Corp | COM | 344437405 |  | 2481 | 148148 | SH |  | SOLE | 0 | 94695 | 0 | 53453 |
| Financial Institutions Inc | COM | 317585404 |  | 9407 | 386168 | SH |  | SOLE | 0 | 209067 | 0 | 177101 |
| Essent Group Ltd | COM | G3198U102 |  | 24420 | 628090 | SH |  | SOLE | 0 | 391890 | 0 | 236200 |
| Elevance Health Inc | COM | 036752103 |  | 23056 | 44947 | SH |  | SOLE | 0 | 900 | 0 | 44047 |
| Dow Inc | COM | 260557103 |  | 28906 | 573640 | SH |  | SOLE | 0 | 424440 | 0 | 149200 |
| Danaher Corp | COM | 235851102 |  | 425 | 1600 | SH |  | SOLE | 0 | 1600 | 0 | 0 |
| Coterra Energy Inc | COM | 127097103 |  | 437 | 17800 | SH |  | SOLE | 0 | 17800 | 0 | 0 |
| Commercial Metals Co | COM | 201723103 |  | 13693 | 283500 | SH |  | SOLE | 0 | 143500 | 0 | 140000 |
| City Office REIT Inc | COM | 178587101 |  | 15689 | 1872241 | SH |  | SOLE | 0 | 1551141 | 0 | 321100 |
| Central Valley Community Bancorp | COM | 155685100 |  | 2095 | 98900 | SH |  | SOLE | 0 | 96900 | 0 | 2000 |
| Canadian Tire Corp Ltd | COM | 136681202 |  | 142 | 1360 | SH |  | SOLE | 0 | 1360 | 0 | 0 |
| Broadcom Inc | COM | 11135F101 |  | 56 | 100 | SH |  | SOLE | 0 | 100 | 0 | 0 |
| BlackRock Capital Investment Corp | COM | 092533108 |  | 30 | 8200 | SH |  | SOLE | 0 | 0 | 0 | 8200 |
| Bankwell Financial Group Inc | COM | 06654A103 |  | 2367 | 80434 | SH |  | SOLE | 0 | 46934 | 0 | 33500 |
| Avis Budget Group Inc | COM | 053774105 |  | 1279 | 7800 | SH |  | SOLE | 0 | 7800 | 0 | 0 |
| Asbury Automotive Group Inc | COM | 043436104 |  | 8891 | 49600 | SH |  | SOLE | 0 | 26300 | 0 | 23300 |
| APA Corp | COM | 03743Q108 |  | 155805 | 3337722 | SH |  | SOLE | 0 | 2771490 | 0 | 566232 |
| American Assets Trust Inc | COM | 024013104 |  | 27150 | 1024540 | SH |  | SOLE | 0 | 603240 | 0 | 421300 |
| AG Mortgage Investment Trust Inc | COM | 001228501 |  | 179 | 33732 | SH |  | SOLE | 0 | 13232 | 0 | 20500 |
| 3M Co | COM | 88579Y101 |  | 732 | 6100 | SH |  | SOLE | 0 | 6100 | 0 | 0 |
| Winnebago Industries Inc | COM | 974637100 |  | 65423 | 1241415 | SH |  | SOLE | 0 | 763150 | 0 | 478265 |
| Warrior Met Coal Inc | COM | 93627C101 |  | 1510 | 43600 | SH |  | SOLE | 0 | 43600 | 0 | 0 |
| Victory Capital Holdings Inc | COM | 92645B103 |  | 11301 | 421192 | SH |  | SOLE | 0 | 276592 | 0 | 144600 |
| Universal Insurance Holdings Inc | COM | 91359V107 |  | 12593 | 1189101 | SH |  | SOLE | 0 | 724847 | 0 | 464254 |
| UGI Corp | COM | 902681105 |  | 142464 | 3843115 | SH |  | SOLE | 0 | 2451000 | 0 | 1392115 |
| Travel Leisure Co | COM | 894164102 |  | 9497 | 260900 | SH |  | SOLE | 0 | 175000 | 0 | 85900 |
| Tempur Sealy International Inc | COM | 88023U101 |  | 1026 | 29880 | SH |  | SOLE | 0 | 10980 | 0 | 18900 |
| Sturm Ruger  Company Inc. | COM | 864159108 |  | 1369 | 27044 | SH |  | SOLE | 0 | 12520 | 0 | 14524 |
| Smith  Wesson Brands Inc | COM | 831754106 |  | 3939 | 453800 | SH |  | SOLE | 0 | 246800 | 0 | 207000 |
| Shinhan Financial Group Co Ltd | COM | 824596100 |  | 304 | 10900 | SH |  | SOLE | 0 | 10900 | 0 | 0 |
| Sabra Health Care REIT Inc | COM | 78573L106 |  | 57420 | 4619489 | SH |  | SOLE | 0 | 2856378 | 0 | 1763111 |
| Reliance Steel  Aluminum Co | COM | 759509102 |  | 211359 | 1044059 | SH |  | SOLE | 0 | 811969 | 0 | 232090 |
| Qorvo Inc | COM | 74736K101 |  | 162408 | 1791794 | SH |  | SOLE | 0 | 1266510 | 0 | 525284 |
| Premier Inc | COM | 74051N102 |  | 101 | 2900 | SH |  | SOLE | 0 | 2900 | 0 | 0 |
| PGT Innovations Inc | COM | 69336V101 |  | 159 | 8880 | SH |  | SOLE | 0 | 0 | 0 | 8880 |
| Park-Ohio Holdings Corp | COM | 700666100 |  | 2713 | 221857 | SH |  | SOLE | 0 | 74757 | 0 | 147100 |
| Oracle Corp | COM | 68389X105 |  | 386475 | 4728100 | SH |  | SOLE | 0 | 2612320 | 0 | 2115780 |
| Nucor Corp | COM | 670346105 |  | 712 | 5400 | SH |  | SOLE | 0 | 5400 | 0 | 0 |
| NewMarket Corp | COM | 651587107 |  | 29491 | 94793 | SH |  | SOLE | 0 | 4270 | 0 | 90523 |
| Murphy USA Inc | COM | 626755102 |  | 13727 | 49104 | SH |  | SOLE | 0 | 2990 | 0 | 46114 |
| MidCap Financial Investment Corp | COM | 03761U502 |  | 1960 | 171932 | SH |  | SOLE | 0 | 118700 | 0 | 53232 |
| Medical Properties Trust Inc | COM | 58463J304 |  | 48530 | 4356414 | SH |  | SOLE | 0 | 3207710 | 0 | 1148704 |
| ManpowerGroup Inc | COM | 56418H100 |  | 140433 | 1687697 | SH |  | SOLE | 0 | 1154597 | 0 | 533100 |
| Lincoln National Corp | COM | 534187109 |  | 91176 | 2967976 | SH |  | SOLE | 0 | 2322826 | 0 | 645150 |
| L3Harris Technologies Inc | COM | 502431109 |  | 26652 | 128004 | SH |  | SOLE | 0 | 61700 | 0 | 66304 |
| KB Home | COM | 48666K109 |  | 18564 | 582870 | SH |  | SOLE | 0 | 359970 | 0 | 222900 |
| Investar Holding Corp | COM | 46134L105 |  | 73 | 3400 | SH |  | SOLE | 0 | 3400 | 0 | 0 |
| Incyte Corp | COM | 45337C102 |  | 96274 | 1198635 | SH |  | SOLE | 0 | 818535 | 0 | 380100 |
| Highwoods Properties Inc | COM | 431284108 |  | 4477 | 160000 | SH |  | SOLE | 0 | 160000 | 0 | 0 |
| Hanover Insurance Group Inc/The | COM | 410867105 |  | 2662 | 19700 | SH |  | SOLE | 0 | 0 | 0 | 19700 |
| Gray Television Inc | COM | 389375106 |  | 11106 | 992510 | SH |  | SOLE | 0 | 488940 | 0 | 503570 |
| General Motors Co | COM | 37045V100 |  | 261473 | 7772681 | SH |  | SOLE | 0 | 5411270 | 0 | 2361411 |
| Flex Ltd | COM | Y2573F102 |  | 24368 | 1135530 | SH |  | SOLE | 0 | 589230 | 0 | 546300 |
| FedEx Corp | COM | 31428X106 |  | 267379 | 1543760 | SH |  | SOLE | 0 | 1070560 | 0 | 473200 |
| EPR Properties | COM | 26884U109 |  | 34479 | 914070 | SH |  | SOLE | 0 | 518500 | 0 | 395570 |
| Ecovyst Inc | COM | 27923Q109 |  | 941 | 106200 | SH |  | SOLE | 0 | 66700 | 0 | 39500 |
| Discover Financial Services | COM | 254709108 |  | 207484 | 2120859 | SH |  | SOLE | 0 | 1497959 | 0 | 622900 |
| Customers Bancorp Inc | COM | 23204G100 |  | 6955 | 245400 | SH |  | SOLE | 0 | 183500 | 0 | 61900 |
| Corinthian Colleges Inc | COM | 218868107 |  | 0 | 10100 | SH |  | SOLE | 0 | 10100 | 0 | 0 |
| Collegium Pharmaceutical Inc | COM | 19459J104 |  | 5515 | 237700 | SH |  | SOLE | 0 | 159900 | 0 | 77800 |
| Citigroup Inc | COM | 172967424 |  | 390850 | 8641383 | SH |  | SOLE | 0 | 6299828 | 0 | 2341555 |
| Cboe Global Markets Inc | COM | 12503M108 |  | 1450 | 11553 | SH |  | SOLE | 0 | 0 | 0 | 11553 |
| Campbell Soup Co | COM | 134429109 |  | 675 | 11900 | SH |  | SOLE | 0 | 0 | 0 | 11900 |
| Bristol-Myers Squibb Co | COM | 110122108 |  | 679556 | 9444837 | SH |  | SOLE | 0 | 5991315 | 0 | 3453522 |
| Big 5 Sporting Goods Corp | COM | 08915P101 |  | 39 | 4400 | SH |  | SOLE | 0 | 4400 | 0 | 0 |
| Bank OZK | COM | 06417N103 |  | 13714 | 342340 | SH |  | SOLE | 0 | 292140 | 0 | 50200 |
| Avaya Holdings Corp | COM | 05351X101 |  | 17 | 88297 | SH |  | SOLE | 0 | 44797 | 0 | 43500 |
| Armada Hoffler Properties Inc | COM | 04208T108 |  | 6837 | 594489 | SH |  | SOLE | 0 | 388589 | 0 | 205900 |
| Amphastar Pharmaceuticals Inc | COM | 03209R103 |  | 300 | 10700 | SH |  | SOLE | 0 | 10100 | 0 | 600 |
| Amdocs Ltd | COM | G02602103 |  | 308217 | 3390725 | SH |  | SOLE | 0 | 1795134 | 0 | 1595591 |
| AdvanSix Inc | COM | 00773T101 |  | 23325 | 613500 | SH |  | SOLE | 0 | 257100 | 0 | 356400 |
| Weyerhaeuser Co | COM | 962166104 |  | 428 | 13800 | SH |  | SOLE | 0 | 13800 | 0 | 0 |
| Walmart Inc | COM | 931142103 |  | 19780 | 139500 | SH |  | SOLE | 0 | 5300 | 0 | 134200 |
| Veritiv Corp | COM | 923454102 |  | 1619 | 13300 | SH |  | SOLE | 0 | 11600 | 0 | 1700 |
| Univar Solutions Inc | COM | 91336L107 |  | 6668 | 209700 | SH |  | SOLE | 0 | 209700 | 0 | 0 |
| Two Harbors Investment Corp | COM | 90187B804 |  | 2620 | 166123 | SH |  | SOLE | 0 | 66536 | 0 | 99587 |
| Towne Bank/Portsmouth VA | COM | 89214P109 |  | 14776 | 479123 | SH |  | SOLE | 0 | 246523 | 0 | 232600 |
| TD SYNNEX Corp | COM | 87162W100 |  | 71242 | 752210 | SH |  | SOLE | 0 | 472016 | 0 | 280194 |
| Steel Dynamics Inc | COM | 858119100 |  | 162642 | 1664708 | SH |  | SOLE | 0 | 1247908 | 0 | 416800 |
| Skyworks Solutions Inc | COM | 83088M102 |  | 8293 | 91000 | SH |  | SOLE | 0 | 1600 | 0 | 89400 |
| Service Corp International/US | COM | 817565104 |  | 5787 | 83700 | SH |  | SOLE | 0 | 9700 | 0 | 74000 |
| Rush Enterprises Inc | COM | 781846209 |  | 15283 | 292324 | SH |  | SOLE | 0 | 151620 | 0 | 140704 |
| Regions Financial Corp | COM | 7591EP100 |  | 345773 | 16037731 | SH |  | SOLE | 0 | 11747088 | 0 | 4290643 |
| Puma Biotechnology Inc | COM | 74587V107 |  | 851 | 201151 | SH |  | SOLE | 0 | 174051 | 0 | 27100 |
| PPL Corp | COM | 69351T106 |  | 1598 | 54700 | SH |  | SOLE | 0 | 50900 | 0 | 3800 |
| Perdoceo Education Corp | COM | 71363P106 |  | 6140 | 441759 | SH |  | SOLE | 0 | 157800 | 0 | 283959 |
| Pangaea Logistics Solutions Ltd | COM | G6891L105 |  | 494 | 95900 | SH |  | SOLE | 0 | 78824 | 0 | 17076 |
| OneMain Holdings Inc | COM | 68268W103 |  | 9204 | 276300 | SH |  | SOLE | 0 | 254000 | 0 | 22300 |
| Norwood Financial Corp | COM | 669549107 |  | 241 | 7217 | SH |  | SOLE | 0 | 7217 | 0 | 0 |
| New Mountain Finance Corp | COM | 647551100 |  | 29676 | 2398994 | SH |  | SOLE | 0 | 1194940 | 0 | 1204054 |
| MSC Industrial Direct Co Inc | COM | 553530106 |  | 14256 | 174488 | SH |  | SOLE | 0 | 116124 | 0 | 58364 |
| Micron Technology Inc | COM | 595112103 |  | 1100 | 22000 | SH |  | SOLE | 0 | 22000 | 0 | 0 |
| MDC Holdings Inc | COM | 552676108 |  | 26930 | 852223 | SH |  | SOLE | 0 | 517176 | 0 | 335047 |
| Malibu Boats Inc | COM | 56117J100 |  | 5517 | 103500 | SH |  | SOLE | 0 | 74900 | 0 | 28600 |
| Lennar Corp | COM | 526057104 |  | 105278 | 1163295 | SH |  | SOLE | 0 | 886812 | 0 | 276483 |
| Kroger Co/The | COM | 501044101 |  | 463797 | 10403712 | SH |  | SOLE | 0 | 6394815 | 0 | 4008897 |
| JOYY Inc | COM | 46591M109 |  | 199 | 6300 | SH |  | SOLE | 0 | 6300 | 0 | 0 |
| Interpublic Group of Cos Inc/The | COM | 460690100 |  | 593 | 17800 | SH |  | SOLE | 0 | 17800 | 0 | 0 |
| Huntington Bancshares Inc/OH | COM | 446150104 |  | 16393 | 1162651 | SH |  | SOLE | 0 | 1131351 | 0 | 31300 |
| Hewlett Packard Enterprise Co | COM | 42824C109 |  | 253882 | 15907370 | SH |  | SOLE | 0 | 10456254 | 0 | 5451116 |
| Hancock Whitney Corp | COM | 410120109 |  | 32218 | 665800 | SH |  | SOLE | 0 | 416400 | 0 | 249400 |
| GoPro Inc | COM | 38268T103 |  | 70 | 14100 | SH |  | SOLE | 0 | 14100 | 0 | 0 |
| Genco Shipping  Trading Ltd | COM | Y2685T131 |  | 1783 | 116100 | SH |  | SOLE | 0 | 0 | 0 | 116100 |
| First Internet Bancorp | COM | 320557101 |  | 2379 | 98000 | SH |  | SOLE | 0 | 91900 | 0 | 6100 |
| Farmers National Banc Corp | COM | 309627107 |  | 9303 | 658866 | SH |  | SOLE | 0 | 457800 | 0 | 201066 |
| Entravision Communications Corp | COM | 29382R107 |  | 432 | 90100 | SH |  | SOLE | 0 | 74900 | 0 | 15200 |
| eBay Inc | COM | 278642103 |  | 258467 | 6232617 | SH |  | SOLE | 0 | 4232610 | 0 | 2000007 |
| Dime Community Bancshares Inc | COM | 25432X102 |  | 15222 | 478225 | SH |  | SOLE | 0 | 276731 | 0 | 201494 |
| CTO Realty Growth Inc | COM | 22948Q101 |  | 6631 | 362729 | SH |  | SOLE | 0 | 275720 | 0 | 87009 |
| Container Store Group Inc/The | COM | 210751103 |  | 294 | 68300 | SH |  | SOLE | 0 | 23000 | 0 | 45300 |
| Coca-Cola Femsa SAB de CV | COM | 191241108 |  | 1344 | 19800 | SH |  | SOLE | 0 | 19800 | 0 | 0 |
| Cigna Corp | COM | 125523100 |  | 215951 | 651750 | SH |  | SOLE | 0 | 455820 | 0 | 195930 |
| Catalyst Pharmaceuticals Inc | COM | 14888U101 |  | 18925 | 1017471 | SH |  | SOLE | 0 | 500571 | 0 | 516900 |
| California Resources Corp | COM | 13057Q305 |  | 9021 | 207332 | SH |  | SOLE | 0 | 122700 | 0 | 84632 |
| Brighthouse Financial Inc | COM | 10922N103 |  | 10949 | 213560 | SH |  | SOLE | 0 | 75560 | 0 | 138000 |
| Best Buy Co Inc | COM | 086516101 |  | 193413 | 2411333 | SH |  | SOLE | 0 | 1781750 | 0 | 629583 |
| Bank of Nova Scotia/The | COM | 064149107 |  | 162 | 3300 | SH |  | SOLE | 0 | 3300 | 0 | 0 |
| Autoliv Inc. | COM | 052800109 |  | 1975 | 25784 | SH |  | SOLE | 0 | 11884 | 0 | 13900 |
| Archer-Daniels-Midland Co | COM | 039483102 |  | 122200 | 1316100 | SH |  | SOLE | 0 | 639000 | 0 | 677100 |
| Amkor Technology Inc | COM | 031652100 |  | 193081 | 8051762 | SH |  | SOLE | 0 | 5064842 | 0 | 2986920 |
| Altria Group Inc | COM | 02209S103 |  | 95450 | 2088165 | SH |  | SOLE | 0 | 1485265 | 0 | 602900 |
| Adeia Inc | COM | 00676P107 |  | 9906 | 1044900 | SH |  | SOLE | 0 | 686200 | 0 | 358700 |
| Western Digital Corp | COM | 958102105 |  | 4575 | 145000 | SH |  | SOLE | 0 | 119200 | 0 | 25800 |
| W Offshore Inc | COM | 92922P106 |  | 16537 | 2963551 | SH |  | SOLE | 0 | 1709300 | 0 | 1254251 |
| Valley National Bancorp | COM | 919794107 |  | 2894 | 255916 | SH |  | SOLE | 0 | 233616 | 0 | 22300 |
| Uniti Group Inc | COM | 91325V108 |  | 37803 | 6836010 | SH |  | SOLE | 0 | 4400320 | 0 | 2435690 |
| Tupperware Brands Corp | COM | 899896104 |  | 4433 | 1070810 | SH |  | SOLE | 0 | 583510 | 0 | 487300 |
| Titan Machinery Inc | COM | 88830R101 |  | 1565 | 39400 | SH |  | SOLE | 0 | 39400 | 0 | 0 |
| Tapestry Inc | COM | 876030107 |  | 10004 | 262700 | SH |  | SOLE | 0 | 219100 | 0 | 43600 |
| Sprouts Farmers Market Inc | COM | 85208M102 |  | 168379 | 5201701 | SH |  | SOLE | 0 | 3382071 | 0 | 1819630 |
| Sixth Street Specialty Lending Inc | COM | 83012A109 |  | 11193 | 628824 | SH |  | SOLE | 0 | 265900 | 0 | 362924 |
| Sealed Air Corp | COM | 81211K100 |  | 19498 | 390900 | SH |  | SOLE | 0 | 107200 | 0 | 283700 |
| RLJ Lodging Trust | COM | 74965L101 |  | 14279 | 1348390 | SH |  | SOLE | 0 | 564390 | 0 | 784000 |
| Redwood Trust Inc | COM | 758075402 |  | 16182 | 2393827 | SH |  | SOLE | 0 | 1876400 | 0 | 517427 |
| Prudential Financial Inc | COM | 744320102 |  | 61192 | 615247 | SH |  | SOLE | 0 | 412047 | 0 | 203200 |
| Polaris Inc | COM | 731068102 |  | 8565 | 84800 | SH |  | SOLE | 0 | 62800 | 0 | 22000 |
| Peoples Bancorp Inc/OH | COM | 709789101 |  | 6863 | 242934 | SH |  | SOLE | 0 | 205512 | 0 | 37422 |
| Packaging Corp of America | COM | 695156109 |  | 27381 | 214063 | SH |  | SOLE | 0 | 62000 | 0 | 152063 |
| Omega Healthcare Investors Inc | COM | 681936100 |  | 83940 | 3003236 | SH |  | SOLE | 0 | 2086600 | 0 | 916636 |
| Northrop Grumman Corp | COM | 666807102 |  | 145366 | 266428 | SH |  | SOLE | 0 | 145420 | 0 | 121008 |
| NetApp Inc | COM | 64110D104 |  | 30149 | 501983 | SH |  | SOLE | 0 | 426292 | 0 | 75691 |
| Motorola Solutions Inc | COM | 620076307 |  | 17060 | 66200 | SH |  | SOLE | 0 | 0 | 0 | 66200 |
| MetLife Inc | COM | 59156R108 |  | 222237 | 3070844 | SH |  | SOLE | 0 | 2101090 | 0 | 969754 |
| Matthews International Corp | COM | 577128101 |  | 82 | 2700 | SH |  | SOLE | 0 | 2700 | 0 | 0 |
| LyondellBasell Industries NV | COM | N53745100 |  | 174837 | 2105713 | SH |  | SOLE | 0 | 1474353 | 0 | 631360 |
| LCNB Corp | COM | 50181P100 |  | 327 | 18189 | SH |  | SOLE | 0 | 7589 | 0 | 10600 |
| Kohl's Corp | COM | 500255104 |  | 108734 | 4306296 | SH |  | SOLE | 0 | 3056896 | 0 | 1249400 |
| JetBlue Airways Corporation | COM | 477143101 |  | 234 | 36156 | SH |  | SOLE | 0 | 36156 | 0 | 0 |
| Interface Inc | COM | 458665304 |  | 11906 | 1206329 | SH |  | SOLE | 0 | 574829 | 0 | 631500 |
| HP Inc | COM | 40434L105 |  | 360061 | 13400130 | SH |  | SOLE | 0 | 9614446 | 0 | 3785684 |
| Hercules Capital Inc | COM | 427096508 |  | 1598 | 120895 | SH |  | SOLE | 0 | 48200 | 0 | 72695 |
| Halliburton Co | COM | 406216101 |  | 2853 | 72500 | SH |  | SOLE | 0 | 0 | 0 | 72500 |
| Goldman Sachs Group Inc/The | COM | 38141G104 |  | 244986 | 713455 | SH |  | SOLE | 0 | 488883 | 0 | 224572 |
| Fulton Financial Corp | COM | 360271100 |  | 23350 | 1387375 | SH |  | SOLE | 0 | 817200 | 0 | 570175 |
| First Financial Corp/IN | COM | 320218100 |  | 16975 | 368388 | SH |  | SOLE | 0 | 256788 | 0 | 111600 |
| Exxon Mobil Corp | COM | 30231G102 |  | 702354 | 6367667 | SH |  | SOLE | 0 | 4551670 | 0 | 1815997 |
| Ennis Inc | COM | 293389102 |  | 13991 | 631360 | SH |  | SOLE | 0 | 332000 | 0 | 299360 |
| Eagle Pharmaceuticals Inc/DE | COM | 269796108 |  | 4426 | 151418 | SH |  | SOLE | 0 | 43993 | 0 | 107425 |
| Designer Brands Inc | COM | 250565108 |  | 2149 | 219749 | SH |  | SOLE | 0 | 170849 | 0 | 48900 |
| Cross Country Healthcare Inc | COM | 227483104 |  | 794 | 29900 | SH |  | SOLE | 0 | 24800 | 0 | 5100 |
| Concentrix Corp | COM | 20602D101 |  | 136 | 1023 | SH |  | SOLE | 0 | 1023 | 0 | 0 |
| Coca-Cola Co/The | COM | 191216100 |  | 51 | 800 | SH |  | SOLE | 0 | 800 | 0 | 0 |
| ChipMOS Technologies Inc | COM | 16965P202 |  | 146 | 6800 | SH |  | SOLE | 0 | 6800 | 0 | 0 |
| Carriage Services Inc | COM | 143905107 |  | 5665 | 205718 | SH |  | SOLE | 0 | 100567 | 0 | 105151 |
| Cabot Corp | COM | 127055101 |  | 12561 | 187930 | SH |  | SOLE | 0 | 81330 | 0 | 106600 |
| Braemar Hotels  Resorts Inc | COM | 10482B101 |  | 9729 | 2367033 | SH |  | SOLE | 0 | 1332780 | 0 | 1034253 |
| Berkshire Hathaway Inc | COM | 084670702 |  | 53438 | 172995 | SH |  | SOLE | 0 | 20000 | 0 | 152995 |
| Banco Macro SA | COM | 05961W105 |  | 566 | 34500 | SH |  | SOLE | 0 | 34500 | 0 | 0 |
| Atlantic Union Bankshares Corp | COM | 04911A107 |  | 1332 | 37900 | SH |  | SOLE | 0 | 23200 | 0 | 14700 |
| ARC Document Solutions Inc | COM | 00191G103 |  | 2616 | 892720 | SH |  | SOLE | 0 | 780923 | 0 | 111797 |
| Ameriprise Financial Inc | COM | 03076C106 |  | 433810 | 1393231 | SH |  | SOLE | 0 | 1016181 | 0 | 377050 |
| Alphabet Inc | COM | 02079K305 |  | 229 | 2600 | SH |  | SOLE | 0 | 2600 | 0 | 0 |
| Activision Blizzard Inc | COM | 00507V109 |  | 21556 | 281600 | SH |  | SOLE | 0 | 201300 | 0 | 80300 |
| WESCO International Inc | COM | 95082P105 |  | 25904 | 206900 | SH |  | SOLE | 0 | 96500 | 0 | 110400 |
| VMware Inc | COM | 928563402 |  | 115496 | 940826 | SH |  | SOLE | 0 | 634214 | 0 | 306612 |
| VAALCO Energy Inc | COM | 91851C201 |  | 2461 | 539776 | SH |  | SOLE | 0 | 244100 | 0 | 295676 |
| United Security Bancshares/Fresno CA | COM | 911460103 |  | 36 | 4900 | SH |  | SOLE | 0 | 4900 | 0 | 0 |
| TrueBlue Inc | COM | 89785X101 |  | 3090 | 157800 | SH |  | SOLE | 0 | 41900 | 0 | 115900 |
| Timberland Bancorp Inc/WA | COM | 887098101 |  | 500 | 14639 | SH |  | SOLE | 0 | 11739 | 0 | 2900 |
| Synovus Financial Corp | COM | 87161C501 |  | 23297 | 620437 | SH |  | SOLE | 0 | 398300 | 0 | 222137 |
| SP Plus Corp | COM | 78469C103 |  | 1172 | 33752 | SH |  | SOLE | 0 | 10000 | 0 | 23752 |
| Simmons First National Corp | COM | 828730200 |  | 810 | 37553 | SH |  | SOLE | 0 | 8311 | 0 | 29242 |
| Schnitzer Steel Industries Inc | COM | 806882106 |  | 10212 | 333170 | SH |  | SOLE | 0 | 123770 | 0 | 209400 |
| Rio Tinto PLC | COM | 767204100 |  | 4265 | 59900 | SH |  | SOLE | 0 | 59900 | 0 | 0 |
| Raytheon Technologies Corp | COM | 75513E101 |  | 14058 | 139300 | SH |  | SOLE | 0 | 4200 | 0 | 135100 |
| Progress Software Corp | COM | 743312100 |  | 18899 | 374613 | SH |  | SOLE | 0 | 117600 | 0 | 257013 |
| Playa Hotels  Resorts NV | COM | N70544106 |  | 157 | 24000 | SH |  | SOLE | 0 | 0 | 0 | 24000 |
| Penns Woods Bancorp Inc | COM | 708430103 |  | 413 | 15500 | SH |  | SOLE | 0 | 11300 | 0 | 4200 |
| Ovintiv Inc | COM | 69047Q102 |  | 157 | 3100 | SH |  | SOLE | 0 | 3100 | 0 | 0 |
| OFS Capital Corp | COM | 67103B100 |  | 132 | 12900 | SH |  | SOLE | 0 | 0 | 0 | 12900 |
| Northeast Bank | COM | 66405S100 |  | 244 | 5800 | SH |  | SOLE | 0 | 4200 | 0 | 1600 |
| NBT Bancorp Inc | COM | 628778102 |  | 430 | 9900 | SH |  | SOLE | 0 | 0 | 0 | 9900 |
| Moog Inc | COM | 615394202 |  | 88539 | 1008874 | SH |  | SOLE | 0 | 756568 | 0 | 252306 |
| Meritage Homes Corp | COM | 59001A102 |  | 21700 | 235360 | SH |  | SOLE | 0 | 88060 | 0 | 147300 |
| Matador Resources Co | COM | 576485205 |  | 14520 | 253670 | SH |  | SOLE | 0 | 168370 | 0 | 85300 |
| Lument Finance Trust Inc | COM | 55025L108 |  | 145 | 76500 | SH |  | SOLE | 0 | 50400 | 0 | 26100 |
| Landstar System Inc | COM | 515098101 |  | 1859 | 11414 | SH |  | SOLE | 0 | 0 | 0 | 11414 |
| Kinder Morgan Inc | COM | 49456B101 |  | 24247 | 1341100 | SH |  | SOLE | 0 | 709300 | 0 | 631800 |
| Jazz Pharmaceuticals PLC | COM | G50871105 |  | 327524 | 2055894 | SH |  | SOLE | 0 | 1549004 | 0 | 506890 |
| Insight Enterprises Inc | COM | 45765U103 |  | 5703 | 56880 | SH |  | SOLE | 0 | 28780 | 0 | 28100 |
| Hope Bancorp Inc | COM | 43940T109 |  | 39004 | 3044830 | SH |  | SOLE | 0 | 1828530 | 0 | 1216300 |
| Hennessy Advisors Inc | COM | 425885100 |  | 110 | 13100 | SH |  | SOLE | 0 | 13100 | 0 | 0 |
| H Block Inc | COM | 093671105 |  | 75433 | 2066081 | SH |  | SOLE | 0 | 1197415 | 0 | 868666 |
| Global Self Storage Inc | COM | 37955N106 |  | 43 | 8900 | SH |  | SOLE | 0 | 8900 | 0 | 0 |
| Franklin Street Properties Corp | COM | 35471R106 |  | 10132 | 3711521 | SH |  | SOLE | 0 | 2327766 | 0 | 1383755 |
| First Business Financial Services Inc | COM | 319390100 |  | 3357 | 91845 | SH |  | SOLE | 0 | 59545 | 0 | 32300 |
| Evolution Petroleum Corp | COM | 30049A107 |  | 735 | 97400 | SH |  | SOLE | 0 | 82800 | 0 | 14600 |
| Encore Wire Corp | COM | 292562105 |  | 17910 | 130196 | SH |  | SOLE | 0 | 85200 | 0 | 44996 |
| DXC Technology Co | COM | 23355L106 |  | 90028 | 3397268 | SH |  | SOLE | 0 | 2219965 | 0 | 1177303 |
| Dell Technologies Inc | COM | 24703L202 |  | 243499 | 6054175 | SH |  | SOLE | 0 | 4082055 | 0 | 1972120 |
| Crawford  Co | COM | 224633107 |  | 887 | 167026 | SH |  | SOLE | 0 | 152626 | 0 | 14400 |
| Computer Task Group Inc | COM | 205477102 |  | 618 | 81800 | SH |  | SOLE | 0 | 63800 | 0 | 18000 |
| CNB Financial Corp/PA | COM | 126128107 |  | 3013 | 126660 | SH |  | SOLE | 0 | 88260 | 0 | 38400 |
| Chesapeake Energy Corp | COM | 165167735 |  | 90454 | 958500 | SH |  | SOLE | 0 | 574870 | 0 | 383630 |
| CareTrust REIT Inc | COM | 14174T107 |  | 1076 | 57900 | SH |  | SOLE | 0 | 57900 | 0 | 0 |
| Bunge Ltd | COM | G16962105 |  | 71725 | 718900 | SH |  | SOLE | 0 | 524590 | 0 | 194310 |
| BlueLinx Holdings Inc | COM | 09624H208 |  | 512 | 7200 | SH |  | SOLE | 0 | 5600 | 0 | 1600 |
| Beazer Homes USA Inc | COM | 07556Q881 |  | 4669 | 365899 | SH |  | SOLE | 0 | 82300 | 0 | 283599 |
| B Riley Financial Inc | COM | 05580M108 |  | 11781 | 344476 | SH |  | SOLE | 0 | 243776 | 0 | 100700 |
| AstraZeneca PLC | COM | 046353108 |  | 6319 | 93200 | SH |  | SOLE | 0 | 0 | 0 | 93200 |
| Applied Materials Inc | COM | 038222105 |  | 195495 | 2007549 | SH |  | SOLE | 0 | 1331649 | 0 | 675900 |
| American International Group Inc | COM | 026874784 |  | 126328 | 1997600 | SH |  | SOLE | 0 | 1381500 | 0 | 616100 |
| Ally Financial Inc | COM | 02005N100 |  | 88797 | 3631771 | SH |  | SOLE | 0 | 2856107 | 0 | 775664 |
| ABM Industries Inc | COM | 000957100 |  | 14938 | 336300 | SH |  | SOLE | 0 | 70100 | 0 | 266200 |
| Xperi Inc | COM | 98423J101 |  | 2303 | 267518 | SH |  | SOLE | 0 | 166640 | 0 | 100878 |
| Wells Fargo  Co | COM | 949746101 |  | 278217 | 6738120 | SH |  | SOLE | 0 | 5069420 | 0 | 1668700 |
| Vishay Precision Group Inc | COM | 92835K103 |  | 15520 | 401556 | SH |  | SOLE | 0 | 277564 | 0 | 123992 |
| US Bancorp | COM | 902973304 |  | 406 | 9300 | SH |  | SOLE | 0 | 9300 | 0 | 0 |
| United Natural Foods Inc | COM | 911163103 |  | 2965 | 76600 | SH |  | SOLE | 0 | 69300 | 0 | 7300 |
| Trinseo PLC | COM | G9059U107 |  | 24411 | 1074921 | SH |  | SOLE | 0 | 640198 | 0 | 434723 |
| Textron Inc | COM | 883203101 |  | 122198 | 1725958 | SH |  | SOLE | 0 | 1250069 | 0 | 475889 |
| Sylvamo Corp | COM | 871332102 |  | 16652 | 342704 | SH |  | SOLE | 0 | 198111 | 0 | 144593 |
| South Plains Financial Inc | COM | 83946P107 |  | 193 | 7000 | SH |  | SOLE | 0 | 7000 | 0 | 0 |
| Signet Jewelers Ltd | COM | G81276100 |  | 7147 | 105100 | SH |  | SOLE | 0 | 35200 | 0 | 69900 |
| Sanofi | COM | 80105N105 |  | 862 | 17800 | SH |  | SOLE | 0 | 4600 | 0 | 13200 |
| Retractable Technologies Inc | COM | 76129W105 |  | 33 | 19915 | SH |  | SOLE | 0 | 14498 | 0 | 5417 |
| Quest Diagnostics Inc | COM | 74834L100 |  | 193538 | 1237142 | SH |  | SOLE | 0 | 689160 | 0 | 547982 |
| Pro-Dex Inc | COM | 74265M205 |  | 515 | 32881 | SH |  | SOLE | 0 | 28581 | 0 | 4300 |
| Piedmont Office Realty Trust Inc | COM | 720190206 |  | 39336 | 4289664 | SH |  | SOLE | 0 | 3586164 | 0 | 703500 |
| PCB Bancorp | COM | 69320M109 |  | 10618 | 600223 | SH |  | SOLE | 0 | 369116 | 0 | 231107 |
| OSI Systems Inc | COM | 671044105 |  | 11340 | 142602 | SH |  | SOLE | 0 | 31602 | 0 | 111000 |
| ODP Corp/The | COM | 88337F105 |  | 90101 | 1978513 | SH |  | SOLE | 0 | 1247783 | 0 | 730730 |
| Nippon Telegraph  Telephone Corp | COM | 654624105 |  | 6642 | 235100 | SH |  | SOLE | 0 | 51200 | 0 | 183900 |
| National Health Investors Inc | COM | 63633D104 |  | 6368 | 121950 | SH |  | SOLE | 0 | 58450 | 0 | 63500 |
| Modine Manufacturing Co | COM | 607828100 |  | 25099 | 1263805 | SH |  | SOLE | 0 | 673805 | 0 | 590000 |
| Mercer International Inc | COM | 588056101 |  | 775 | 66550 | SH |  | SOLE | 0 | 25650 | 0 | 40900 |
| Masonite International Corp | COM | 575385109 |  | 177 | 2200 | SH |  | SOLE | 0 | 2200 | 0 | 0 |
| Lowe's Cos Inc | COM | 548661107 |  | 36912 | 185262 | SH |  | SOLE | 0 | 78000 | 0 | 107262 |
| Lam Research Corp | COM | 512807108 |  | 45028 | 107132 | SH |  | SOLE | 0 | 70492 | 0 | 36640 |
| Kforce Inc | COM | 493732101 |  | 6287 | 114664 | SH |  | SOLE | 0 | 40750 | 0 | 73914 |
| Jabil Inc | COM | 466313103 |  | 279422 | 4097102 | SH |  | SOLE | 0 | 2828446 | 0 | 1268656 |
| Ingles Markets Inc | COM | 457030104 |  | 60849 | 630825 | SH |  | SOLE | 0 | 373225 | 0 | 257600 |
| HomeStreet Inc | COM | 43785V102 |  | 24844 | 900813 | SH |  | SOLE | 0 | 492750 | 0 | 408063 |
| Hawthorn Bancshares Inc | COM | 420476103 |  | 134 | 6136 | SH |  | SOLE | 0 | 2704 | 0 | 3432 |
| GSK PLC | COM | 37733W204 |  | 992 | 28240 | SH |  | SOLE | 0 | 14800 | 0 | 13440 |
| Gilead Sciences Inc | COM | 375558103 |  | 563663 | 6565678 | SH |  | SOLE | 0 | 4202699 | 0 | 2362979 |
| Ford Motor Co | COM | 345370860 |  | 233986 | 20119177 | SH |  | SOLE | 0 | 14257604 | 0 | 5861573 |
| First Bancorp Inc/The | COM | 31866P102 |  | 1437 | 48000 | SH |  | SOLE | 0 | 3300 | 0 | 44700 |
| Everest Re Group Ltd | COM | G3223R108 |  | 229042 | 691407 | SH |  | SOLE | 0 | 406009 | 0 | 285398 |
| EMCOR Group Inc | COM | 29084Q100 |  | 43632 | 294590 | SH |  | SOLE | 0 | 155525 | 0 | 139065 |
| DT Midstream Inc | COM | 23345M107 |  | 7090 | 128310 | SH |  | SOLE | 0 | 2900 | 0 | 125410 |
| Dave  Buster's Entertainment Inc | COM | 238337109 |  | 117 | 3300 | SH |  | SOLE | 0 | 3300 | 0 | 0 |
| Covenant Logistics Group Inc | COM | 22284P105 |  | 16140 | 466876 | SH |  | SOLE | 0 | 307076 | 0 | 159800 |
| Community Financial Corp/The | COM | 20368X101 |  | 555 | 13900 | SH |  | SOLE | 0 | 9200 | 0 | 4700 |
| Civitas Resources Inc | COM | 17888H103 |  | 30442 | 525494 | SH |  | SOLE | 0 | 263080 | 0 | 262414 |
| Chemed Corp | COM | 16359R103 |  | 858 | 1680 | SH |  | SOLE | 0 | 0 | 0 | 1680 |
| Capital One Financial Corp | COM | 14040H105 |  | 236322 | 2542188 | SH |  | SOLE | 0 | 1842088 | 0 | 700100 |
| Brunswick Corp/DE | COM | 117043109 |  | 27941 | 387635 | SH |  | SOLE | 0 | 352635 | 0 | 35000 |
| Blackstone Mortgage Trust Inc | COM | 09257W100 |  | 148 | 7000 | SH |  | SOLE | 0 | 0 | 0 | 7000 |
| Barrett Business Services Inc | COM | 068463108 |  | 578 | 6200 | SH |  | SOLE | 0 | 5100 | 0 | 1100 |
| Axcelis Technologies Inc | COM | 054540208 |  | 23784 | 299700 | SH |  | SOLE | 0 | 73200 | 0 | 226500 |
| Ashford Hospitality Trust Inc | COM | 044103869 |  | 27 | 6109 | SH |  | SOLE | 0 | 4078 | 0 | 2031 |
| Apollo Commercial Real Estate Finance Inc | COM | 03762U105 |  | 6356 | 590696 | SH |  | SOLE | 0 | 407100 | 0 | 183596 |
| American Electric Power Co Inc | COM | 025537101 |  | 7112 | 74900 | SH |  | SOLE | 0 | 0 | 0 | 74900 |
| Alaska Air Group Inc | COM | 011659109 |  | 84773 | 1974216 | SH |  | SOLE | 0 | 1426916 | 0 | 547300 |
| Abbott Laboratories | COM | 002824100 |  | 527 | 4800 | SH |  | SOLE | 0 | 4800 | 0 | 0 |
| Woodside Energy Group Ltd | COM | 980228308 |  | 715 | 29525 | SH |  | SOLE | 0 | 29525 | 0 | 0 |
| Waste Management Inc | COM | 94106L109 |  | 21963 | 140000 | SH |  | SOLE | 0 | 4000 | 0 | 136000 |
| Vipshop Holdings Ltd | COM | 92763W103 |  | 50041 | 3668700 | SH |  | SOLE | 0 | 2645500 | 0 | 1023200 |
| Univest Financial Corp | COM | 915271100 |  | 617 | 23600 | SH |  | SOLE | 0 | 19400 | 0 | 4200 |
| Ultralife Corp | COM | 903899102 |  | 49 | 12800 | SH |  | SOLE | 0 | 12800 | 0 | 0 |
| Tredegar Corp | COM | 894650100 |  | 4046 | 395900 | SH |  | SOLE | 0 | 154200 | 0 | 241700 |
| Tenet Healthcare Corp | COM | 88033G407 |  | 4786 | 98100 | SH |  | SOLE | 0 | 12500 | 0 | 85600 |
| SunCoke Energy Inc | COM | 86722A103 |  | 8604 | 996975 | SH |  | SOLE | 0 | 474151 | 0 | 522824 |
| Sonic Automotive Inc | COM | 83545G102 |  | 31704 | 643470 | SH |  | SOLE | 0 | 361270 | 0 | 282200 |
| Shore Bancshares Inc | COM | 825107105 |  | 225 | 12900 | SH |  | SOLE | 0 | 12900 | 0 | 0 |
| Sally Beauty Holdings Inc | COM | 79546E104 |  | 49157 | 3926240 | SH |  | SOLE | 0 | 2138040 | 0 | 1788200 |
| Rent-A-Center Inc/TX | COM | 76009N100 |  | 21222 | 941130 | SH |  | SOLE | 0 | 637630 | 0 | 303500 |
| QUALCOMM Inc | COM | 747525103 |  | 246650 | 2243501 | SH |  | SOLE | 0 | 1509990 | 0 | 733511 |
| Primis Financial Corp | COM | 74167B109 |  | 2617 | 220830 | SH |  | SOLE | 0 | 160630 | 0 | 60200 |
| Philip Morris International Inc | COM | 718172109 |  | 617 | 6100 | SH |  | SOLE | 0 | 6100 | 0 | 0 |
| Parker-Hannifin Corp | COM | 701094104 |  | 378 | 1300 | SH |  | SOLE | 0 | 1300 | 0 | 0 |
| Orion Engineered Carbons SA | COM | L72967109 |  | 727 | 40800 | SH |  | SOLE | 0 | 33700 | 0 | 7100 |
| O-I Glass Inc | COM | 67098H104 |  | 58861 | 3552255 | SH |  | SOLE | 0 | 2418675 | 0 | 1133580 |
| NextEra Energy Inc | COM | 65339F101 |  | 2465 | 29480 | SH |  | SOLE | 0 | 4400 | 0 | 25080 |
| NACCO Industries Inc | COM | 629579103 |  | 1882 | 49529 | SH |  | SOLE | 0 | 35629 | 0 | 13900 |
| MidWestOne Financial Group Inc | COM | 598511103 |  | 4519 | 142322 | SH |  | SOLE | 0 | 82222 | 0 | 60100 |
| Medpace Holdings Inc | COM | 58506Q109 |  | 214 | 1007 | SH |  | SOLE | 0 | 0 | 0 | 1007 |
| Marathon Petroleum Corp | COM | 56585A102 |  | 250652 | 2153554 | SH |  | SOLE | 0 | 1610689 | 0 | 542865 |
| Loblaw Cos Ltd | COM | 539481101 |  | 221 | 2500 | SH |  | SOLE | 0 | 2500 | 0 | 0 |
| Laboratory Corp of America Holdings | COM | 50540R409 |  | 15485 | 65760 | SH |  | SOLE | 0 | 30160 | 0 | 35600 |
| Kellogg Co | COM | 487836108 |  | 38744 | 543848 | SH |  | SOLE | 0 | 28700 | 0 | 515148 |
| Iron Mountain Inc | COM | 46284V101 |  | 57604 | 1155544 | SH |  | SOLE | 0 | 998144 | 0 | 157400 |
| Industrial Logistics Properties Trust | COM | 456237106 |  | 6520 | 1993823 | SH |  | SOLE | 0 | 1226937 | 0 | 766886 |
| Hologic Inc | COM | 436440101 |  | 539 | 7200 | SH |  | SOLE | 0 | 7200 | 0 | 0 |
| Hartford Financial Services Group Inc/The | COM | 416515104 |  | 380932 | 5023505 | SH |  | SOLE | 0 | 3293085 | 0 | 1730420 |
| Green Brick Partners Inc | COM | 392709101 |  | 1173 | 48400 | SH |  | SOLE | 0 | 36000 | 0 | 12400 |
| Genworth Financial Inc | COM | 37247D106 |  | 20717 | 3916199 | SH |  | SOLE | 0 | 2202320 | 0 | 1713879 |
| FNB Corp/PA | COM | 302520101 |  | 44493 | 3409419 | SH |  | SOLE | 0 | 2268700 | 0 | 1140719 |
| Fifth Third Bancorp | COM | 316773100 |  | 128264 | 3909300 | SH |  | SOLE | 0 | 2837700 | 0 | 1071600 |
| Equity LifeStyle Properties Inc | COM | 29472R108 |  | 1899 | 29390 | SH |  | SOLE | 0 | 0 | 0 | 29390 |
| Edison International | COM | 281020107 |  | 579 | 9100 | SH |  | SOLE | 0 | 4500 | 0 | 4600 |
| Donnelley Financial Solutions Inc | COM | 25787G100 |  | 14306 | 370133 | SH |  | SOLE | 0 | 292924 | 0 | 77209 |
| Dana Inc | COM | 235825205 |  | 4007 | 264838 | SH |  | SOLE | 0 | 142538 | 0 | 122300 |
| Costco Wholesale Corp | COM | 22160K105 |  | 46 | 100 | SH |  | SOLE | 0 | 100 | 0 | 0 |
| Comerica Inc | COM | 200340107 |  | 30054 | 449576 | SH |  | SOLE | 0 | 410000 | 0 | 39576 |
| City Bank/Lynnwood WA | COM | 17770A109 |  | 0 | 3200 | SH |  | SOLE | 0 | 3200 | 0 | 0 |
| Central Pacific Financial Corp | COM | 154760409 |  | 1298 | 64000 | SH |  | SOLE | 0 | 40700 | 0 | 23300 |
| Canadian Imperial Bank of Commerce | COM | 136069101 |  | 178 | 4400 | SH |  | SOLE | 0 | 4400 | 0 | 0 |
| Brixmor Property Group Inc | COM | 11120U105 |  | 59558 | 2627174 | SH |  | SOLE | 0 | 1795710 | 0 | 831464 |
| Biogen Inc | COM | 09062X103 |  | 99374 | 358854 | SH |  | SOLE | 0 | 254994 | 0 | 103860 |
| BankUnited Inc | COM | 06652K103 |  | 5153 | 151700 | SH |  | SOLE | 0 | 134100 | 0 | 17600 |
| Aviat Networks Inc | COM | 05366Y201 |  | 5018 | 160884 | SH |  | SOLE | 0 | 106181 | 0 | 54703 |
| Arrow Electronics Inc | COM | 042735100 |  | 289996 | 2773221 | SH |  | SOLE | 0 | 1831899 | 0 | 941322 |
| Anywhere Real Estate Inc | COM | 75605Y106 |  | 252 | 39400 | SH |  | SOLE | 0 | 0 | 0 | 39400 |
| American Airlines Group Inc | COM | 02376R102 |  | 20466 | 1608965 | SH |  | SOLE | 0 | 1134065 | 0 | 474900 |
| Aflac Inc | COM | 001055102 |  | 405425 | 5635594 | SH |  | SOLE | 0 | 3536633 | 0 | 2098961 |
| Williams-Sonoma Inc | COM | 969904101 |  | 21668 | 188550 | SH |  | SOLE | 0 | 115550 | 0 | 73000 |
| Warner Bros Discovery Inc | COM | 934423104 |  | 35185 | 3711478 | SH |  | SOLE | 0 | 2451805 | 0 | 1259673 |
| Viatris Inc | COM | 92556V106 |  | 73664 | 6618496 | SH |  | SOLE | 0 | 5100423 | 0 | 1518073 |
| Universal Health Services Inc | COM | 913903100 |  | 156358 | 1109788 | SH |  | SOLE | 0 | 858938 | 0 | 250850 |
| UFP Industries Inc | COM | 90278Q108 |  | 182 | 2300 | SH |  | SOLE | 0 | 2300 | 0 | 0 |
| Toyota Motor Corp | COM | 892331307 |  | 10253 | 75070 | SH |  | SOLE | 0 | 7600 | 0 | 67470 |
| TEGNA Inc | COM | 87901J105 |  | 93196 | 4398128 | SH |  | SOLE | 0 | 2706570 | 0 | 1691558 |
| Sterling Infrastructure Inc | COM | 859241101 |  | 5209 | 158800 | SH |  | SOLE | 0 | 120100 | 0 | 38700 |
| SMART Global Holdings Inc | COM | G8232Y101 |  | 10702 | 719200 | SH |  | SOLE | 0 | 237800 | 0 | 481400 |
| SFL Corp Ltd | COM | G7738W106 |  | 22672 | 2459028 | SH |  | SOLE | 0 | 1432575 | 0 | 1026453 |
| Ryerson Holding Corp | COM | 783754104 |  | 1517 | 50130 | SH |  | SOLE | 0 | 0 | 0 | 50130 |
| Reliance Infrastructure Ltd | COM | 75945E109 |  | 412 | 82500 | SH |  | SOLE | 0 | 82500 | 0 | 0 |
| QCR Holdings Inc | COM | 74727A104 |  | 2702 | 54437 | SH |  | SOLE | 0 | 41637 | 0 | 12800 |
| Premier Financial Corp | COM | 74052F108 |  | 7499 | 278043 | SH |  | SOLE | 0 | 216271 | 0 | 61772 |
| Pfizer Inc | COM | 717081103 |  | 915854 | 17873818 | SH |  | SOLE | 0 | 11755690 | 0 | 6118128 |
| Paramount Group Inc | COM | 69924R108 |  | 7952 | 1338800 | SH |  | SOLE | 0 | 1309400 | 0 | 29400 |
| Open Text Corp | COM | 683715106 |  | 101 | 3400 | SH |  | SOLE | 0 | 3400 | 0 | 0 |
| Nu Skin Enterprises Inc | COM | 67018T105 |  | 4868 | 115455 | SH |  | SOLE | 0 | 76655 | 0 | 38800 |
| Newell Brands Inc | COM | 651229106 |  | 1841 | 140778 | SH |  | SOLE | 0 | 37078 | 0 | 103700 |
| Murphy Oil Corp | COM | 626717102 |  | 15303 | 355794 | SH |  | SOLE | 0 | 202330 | 0 | 153464 |
| Mid Penn Bancorp Inc | COM | 59540G107 |  | 2362 | 78798 | SH |  | SOLE | 0 | 43298 | 0 | 35500 |
| Medallion Financial Corp | COM | 583928106 |  | 494 | 69226 | SH |  | SOLE | 0 | 54026 | 0 | 15200 |
| Mannatech Inc | COM | 563771203 |  | 141 | 7867 | SH |  | SOLE | 0 | 5567 | 0 | 2300 |
| Levi Strauss  Co | COM | 52736R102 |  | 466 | 30000 | SH |  | SOLE | 0 | 30000 | 0 | 0 |
| Kyndryl Holdings Inc | COM | 50155Q100 |  | 1286 | 115618 | SH |  | SOLE | 0 | 67998 | 0 | 47620 |
| Juniper Networks Inc. | COM | 48203R104 |  | 169 | 5300 | SH |  | SOLE | 0 | 5300 | 0 | 0 |
| Invesco Mortgage Capital Inc | COM | 46131B704 |  | 1809 | 142068 | SH |  | SOLE | 0 | 49315 | 0 | 92753 |
| Huntsman Corp | COM | 447011107 |  | 221861 | 8073546 | SH |  | SOLE | 0 | 5837734 | 0 | 2235812 |
| Hibbett Inc | COM | 428567101 |  | 47366 | 694318 | SH |  | SOLE | 0 | 440618 | 0 | 253700 |
| Hanmi Financial Corp | COM | 410495204 |  | 30322 | 1225121 | SH |  | SOLE | 0 | 757893 | 0 | 467228 |
| Graphic Packaging Holding Co | COM | 388689101 |  | 12636 | 567905 | SH |  | SOLE | 0 | 279705 | 0 | 288200 |
| General Mills Inc | COM | 370334104 |  | 32771 | 390826 | SH |  | SOLE | 0 | 46800 | 0 | 344026 |
| First United Corp | COM | 33741H107 |  | 312 | 15900 | SH |  | SOLE | 0 | 12000 | 0 | 3900 |
| Federated Hermes Inc | COM | 314211103 |  | 3845 | 105880 | SH |  | SOLE | 0 | 97980 | 0 | 7900 |
| ePlus Inc | COM | 294268107 |  | 257 | 5800 | SH |  | SOLE | 0 | 5800 | 0 | 0 |
| EchoStar Corp | COM | 278768106 |  | 82 | 4900 | SH |  | SOLE | 0 | 4900 | 0 | 0 |
| Diodes Inc | COM | 254543101 |  | 146349 | 1922102 | SH |  | SOLE | 0 | 1242451 | 0 | 679651 |
| Curtiss-Wright Corp | COM | 231561101 |  | 45318 | 271380 | SH |  | SOLE | 0 | 178280 | 0 | 93100 |
| CorEnergy Infrastructure Trust Inc | COM | 21870U502 |  | 778 | 372287 | SH |  | SOLE | 0 | 242920 | 0 | 129367 |
| Coherent Corp | COM | 19247G107 |  | 6129 | 174610 | SH |  | SOLE | 0 | 107900 | 0 | 66710 |
| Cisco Systems Inc | COM | 17275R102 |  | 522162 | 10960577 | SH |  | SOLE | 0 | 6677568 | 0 | 4283009 |
| Cathay General Bancorp | COM | 149150104 |  | 52933 | 1297688 | SH |  | SOLE | 0 | 806760 | 0 | 490928 |
| Camden National Corp | COM | 133034108 |  | 12177 | 292079 | SH |  | SOLE | 0 | 138657 | 0 | 153422 |
| Brinker International Inc | COM | 109641100 |  | 7473 | 234200 | SH |  | SOLE | 0 | 93600 | 0 | 140600 |
| BHP Group Ltd | COM | 088606108 |  | 5069 | 81700 | SH |  | SOLE | 0 | 81700 | 0 | 0 |
| Bank of Princeton/The | COM | 064520109 |  | 355 | 11200 | SH |  | SOLE | 0 | 8100 | 0 | 3100 |
| AutoZone Inc | COM | 053332102 |  | 70190 | 28461 | SH |  | SOLE | 0 | 1123 | 0 | 27338 |
| Ares Commercial Real Estate Corporation | COM | 04013V108 |  | 1029 | 99973 | SH |  | SOLE | 0 | 48589 | 0 | 51384 |
| Amneal Pharmaceuticals Inc | COM | 03168L105 |  | 2780 | 1397200 | SH |  | SOLE | 0 | 583800 | 0 | 813400 |
| AMC Networks Inc | COM | 00164V103 |  | 23962 | 1529138 | SH |  | SOLE | 0 | 991558 | 0 | 537580 |
| Advanced Emissions Solutions Inc | COM | 00770C101 |  | 115 | 47500 | SH |  | SOLE | 0 | 30100 | 0 | 17400 |
| Westrock Co | COM | 96145D105 |  | 159892 | 4547542 | SH |  | SOLE | 0 | 3198814 | 0 | 1348728 |
| Walgreens Boots Alliance Inc | COM | 931427108 |  | 200848 | 5376023 | SH |  | SOLE | 0 | 3801923 | 0 | 1574100 |
| Varex Imaging Corp | COM | 92214X106 |  | 1236 | 60900 | SH |  | SOLE | 0 | 50400 | 0 | 10500 |
| Unity Bancorp Inc | COM | 913290102 |  | 392 | 14330 | SH |  | SOLE | 0 | 14330 | 0 | 0 |
| Turning Point Brands Inc | COM | 90041L105 |  | 947 | 43800 | SH |  | SOLE | 0 | 0 | 0 | 43800 |
| TotalEnergies SE | COM | 89151E109 |  | 298 | 4800 | SH |  | SOLE | 0 | 0 | 0 | 4800 |
| Taylor Morrison Home Corp | COM | 87724P106 |  | 1144 | 37700 | SH |  | SOLE | 0 | 27900 | 0 | 9800 |
| State Street Corp | COM | 857477103 |  | 268655 | 3463390 | SH |  | SOLE | 0 | 2581735 | 0 | 881655 |
| SkyWest Inc | COM | 830879102 |  | 3952 | 239382 | SH |  | SOLE | 0 | 85993 | 0 | 153389 |
| Seneca Foods Corp | COM | 817070501 |  | 2776 | 45550 | SH |  | SOLE | 0 | 14790 | 0 | 30760 |
| Royal Caribbean Cruises Ltd | COM | V7780T103 |  | 9977 | 201850 | SH |  | SOLE | 0 | 107660 | 0 | 94190 |
| Regional Management Corp | COM | 75902K106 |  | 11127 | 396276 | SH |  | SOLE | 0 | 280876 | 0 | 115400 |
| PulteGroup Inc | COM | 745867101 |  | 214367 | 4708256 | SH |  | SOLE | 0 | 3462856 | 0 | 1245400 |
| Portland General Electric Co | COM | 736508847 |  | 18327 | 374021 | SH |  | SOLE | 0 | 26900 | 0 | 347121 |
| PepsiCo Inc | COM | 713448108 |  | 2349 | 13003 | SH |  | SOLE | 0 | 400 | 0 | 12603 |
| Pampa Energia SA | COM | 697660207 |  | 537 | 16800 | SH |  | SOLE | 0 | 16800 | 0 | 0 |
| ON Semiconductor Corp | COM | 682189105 |  | 2027 | 32500 | SH |  | SOLE | 0 | 32500 | 0 | 0 |
| Norwegian Cruise Line Holdings Ltd | COM | G66721104 |  | 1198 | 97900 | SH |  | SOLE | 0 | 97900 | 0 | 0 |
| NetSol Technologies Inc | COM | 64115A402 |  | 27 | 9523 | SH |  | SOLE | 0 | 9523 | 0 | 0 |
| Mr Cooper Group Inc | COM | 62482R107 |  | 4081 | 101700 | SH |  | SOLE | 0 | 78900 | 0 | 22800 |
| MGIC Investment Corp | COM | 552848103 |  | 113668 | 8743663 | SH |  | SOLE | 0 | 5543221 | 0 | 3200442 |
| McKesson Corp | COM | 58155Q103 |  | 443646 | 1182678 | SH |  | SOLE | 0 | 780844 | 0 | 401834 |
| Macy's Inc | COM | 55616P104 |  | 84763 | 4104749 | SH |  | SOLE | 0 | 3078381 | 0 | 1026368 |
| LeMaitre Vascular Inc | COM | 525558201 |  | 451 | 9803 | SH |  | SOLE | 0 | 8103 | 0 | 1700 |
| Kraft Heinz Co/The | COM | 500754106 |  | 308549 | 7579198 | SH |  | SOLE | 0 | 4547609 | 0 | 3031589 |
| Johnson Outdoors Inc | COM | 479167108 |  | 11026 | 166757 | SH |  | SOLE | 0 | 95176 | 0 | 71581 |
| International Paper Co | COM | 460146103 |  | 94595 | 2731589 | SH |  | SOLE | 0 | 2022489 | 0 | 709100 |
| Humana Inc | COM | 444859102 |  | 7730 | 15092 | SH |  | SOLE | 0 | 0 | 0 | 15092 |
| Hersha Hospitality Trust | COM | 427825500 |  | 6023 | 706979 | SH |  | SOLE | 0 | 482025 | 0 | 224954 |
| Hamilton Beach Brands Holding Co | COM | 40701T104 |  | 45 | 3600 | SH |  | SOLE | 0 | 3600 | 0 | 0 |
| Goodyear Tire  Rubber Co/The | COM | 382550101 |  | 93589 | 9220561 | SH |  | SOLE | 0 | 6026412 | 0 | 3194149 |
| Gen Digital Inc | COM | 668771108 |  | 195 | 9100 | SH |  | SOLE | 0 | 9100 | 0 | 0 |
| First Horizon Corp | COM | 320517105 |  | 35022 | 1429489 | SH |  | SOLE | 0 | 994584 | 0 | 434905 |
| Fabrinet | COM | G3323L100 |  | 218 | 1700 | SH |  | SOLE | 0 | 1700 | 0 | 0 |
| Enterprise Financial Services Corp | COM | 293712105 |  | 513 | 10487 | SH |  | SOLE | 0 | 9287 | 0 | 1200 |
| Eastman Chemical Co | COM | 277432100 |  | 168307 | 2066639 | SH |  | SOLE | 0 | 1530699 | 0 | 535940 |
| Dick's Sporting Goods Inc | COM | 253393102 |  | 186040 | 1546592 | SH |  | SOLE | 0 | 1042192 | 0 | 504400 |
| CSG Systems International Inc | COM | 126349109 |  | 73830 | 1290741 | SH |  | SOLE | 0 | 695876 | 0 | 594865 |
| Consensus Cloud Solutions Inc | COM | 20848V105 |  | 22649 | 421307 | SH |  | SOLE | 0 | 275109 | 0 | 146198 |
| Coca-Cola Europacific Partners PLC | COM | G25839104 |  | 5499 | 99400 | SH |  | SOLE | 0 | 28700 | 0 | 70700 |
| Chubb Ltd | COM | H1467J104 |  | 3375 | 15299 | SH |  | SOLE | 0 | 2900 | 0 | 12399 |
| Carter's Inc | COM | 146229109 |  | 90832 | 1217418 | SH |  | SOLE | 0 | 742345 | 0 | 475073 |
| Caesarstone Ltd | COM | M20598104 |  | 731 | 128100 | SH |  | SOLE | 0 | 57600 | 0 | 70500 |
| Bread Financial Holdings Inc | COM | 018581108 |  | 15246 | 404830 | SH |  | SOLE | 0 | 188930 | 0 | 215900 |
| Berry Global Group Inc | COM | 08579W103 |  | 262377 | 4341833 | SH |  | SOLE | 0 | 2894798 | 0 | 1447035 |
| Bank of New York Mellon Corp/The | COM | 064058100 |  | 346262 | 7606805 | SH |  | SOLE | 0 | 5100893 | 0 | 2505912 |
| Australia And New Zealand Banking Group | COM | 052528304 |  | 4536 | 282600 | SH |  | SOLE | 0 | 282600 | 0 | 0 |
| Arch Resources Inc | COM | 03940R107 |  | 5240 | 36700 | SH |  | SOLE | 0 | 17300 | 0 | 19400 |
| Amgen Inc | COM | 031162100 |  | 576956 | 2196756 | SH |  | SOLE | 0 | 1359336 | 0 | 837420 |
| Altice USA Inc | COM | 02156K103 |  | 4607 | 1001500 | SH |  | SOLE | 0 | 517900 | 0 | 483600 |
| Adams Resources  Energy Inc | COM | 006351308 |  | 403 | 10350 | SH |  | SOLE | 0 | 8000 | 0 | 2350 |
| Western Asset Mortgage Capital Corp | COM | 95790D204 |  | 190 | 20860 | SH |  | SOLE | 0 | 15040 | 0 | 5820 |
| Voya Financial Inc | COM | 929089100 |  | 109128 | 1774722 | SH |  | SOLE | 0 | 1280437 | 0 | 494285 |
| Valero Energy Corp | COM | 91913Y100 |  | 230647 | 1818124 | SH |  | SOLE | 0 | 1336284 | 0 | 481840 |
| UnitedHealth Group Inc | COM | 91324P102 |  | 19081 | 35990 | SH |  | SOLE | 0 | 340 | 0 | 35650 |
| TTM Technologies Inc | COM | 87305R109 |  | 46599 | 3090106 | SH |  | SOLE | 0 | 1896606 | 0 | 1193500 |
| Titan International Inc | COM | 88830M102 |  | 4279 | 279297 | SH |  | SOLE | 0 | 105800 | 0 | 173497 |
| Tanger Factory Outlet Centers Inc | COM | 875465106 |  | 46322 | 2582063 | SH |  | SOLE | 0 | 1585365 | 0 | 996698 |
| Spirit Realty Capital Inc | COM | 84860W300 |  | 200 | 5000 | SH |  | SOLE | 0 | 5000 | 0 | 0 |
| SITE Centers Corp | COM | 82981J109 |  | 15488 | 1133798 | SH |  | SOLE | 0 | 553049 | 0 | 580749 |
| Seagate Technology Holdings PLC | COM | G7997R103 |  | 224752 | 4272039 | SH |  | SOLE | 0 | 2824072 | 0 | 1447967 |
| Riverview Bancorp Inc | COM | 769397100 |  | 749 | 97500 | SH |  | SOLE | 0 | 79300 | 0 | 18200 |
| Ready Capital Corp | COM | 75574U101 |  | 1517 | 136200 | SH |  | SOLE | 0 | 118200 | 0 | 18000 |
| Prospect Capital Corp | COM | 74348T102 |  | 12599 | 1802402 | SH |  | SOLE | 0 | 772902 | 0 | 1029500 |
| PNC Financial Services Group Inc/The | COM | 693475105 |  | 979 | 6200 | SH |  | SOLE | 0 | 6200 | 0 | 0 |
| Penske Automotive Group Inc | COM | 70959W103 |  | 186124 | 1619453 | SH |  | SOLE | 0 | 1218803 | 0 | 400650 |
| PACCAR Inc | COM | 693718108 |  | 4404 | 44500 | SH |  | SOLE | 0 | 44500 | 0 | 0 |
| Old Republic International Corp | COM | 680223104 |  | 22777 | 943147 | SH |  | SOLE | 0 | 789400 | 0 | 153747 |
| Northrim BanCorp Inc | COM | 666762109 |  | 7340 | 134497 | SH |  | SOLE | 0 | 48113 | 0 | 86384 |
| Necessity Retail REIT Inc/The | COM | 02607T109 |  | 16917 | 2852799 | SH |  | SOLE | 0 | 1457199 | 0 | 1395600 |
| Mosaic Co/The | COM | 61945C103 |  | 129400 | 2949626 | SH |  | SOLE | 0 | 2003726 | 0 | 945900 |
| Methode Electronics Inc | COM | 591520200 |  | 42879 | 966395 | SH |  | SOLE | 0 | 698166 | 0 | 268229 |
| Matson Inc | COM | 57686G105 |  | 2500 | 40000 | SH |  | SOLE | 0 | 18000 | 0 | 22000 |
| Luther Burbank Corp | COM | 550550107 |  | 753 | 67800 | SH |  | SOLE | 0 | 50600 | 0 | 17200 |
| Lazard Ltd | COM | G54050102 |  | 48091 | 1387105 | SH |  | SOLE | 0 | 960405 | 0 | 426700 |
| Knowles Corp | COM | 49926D109 |  | 4655 | 283500 | SH |  | SOLE | 0 | 42200 | 0 | 241300 |
| JELD-WEN Holding Inc | COM | 47580P103 |  | 92 | 9500 | SH |  | SOLE | 0 | 0 | 0 | 9500 |
| InterDigital Inc | COM | 45867G101 |  | 124 | 2500 | SH |  | SOLE | 0 | 2500 | 0 | 0 |
| Host Hotels  Resorts Inc | COM | 44107P104 |  | 49843 | 3105475 | SH |  | SOLE | 0 | 2133775 | 0 | 971700 |
| Herbalife Nutrition Ltd | COM | G4412G101 |  | 15547 | 1044823 | SH |  | SOLE | 0 | 801201 | 0 | 243622 |
| Haleon PLC | COM | 405552100 |  | 163 | 20400 | SH |  | SOLE | 0 | 3600 | 0 | 16800 |
| Goldman Sachs BDC Inc | COM | 38147U107 |  | 97 | 7100 | SH |  | SOLE | 0 | 7100 | 0 | 0 |
| FS KKR Capital Corp | COM | 302635206 |  | 35112 | 2006390 | SH |  | SOLE | 0 | 1112065 | 0 | 894325 |
| First Financial Bancorp | COM | 320209109 |  | 4517 | 186433 | SH |  | SOLE | 0 | 16926 | 0 | 169507 |
| Exelon Corp | COM | 30161N101 |  | 4090 | 94600 | SH |  | SOLE | 0 | 16800 | 0 | 77800 |
| Eni SpA | COM | 26874R108 |  | 1358 | 47400 | SH |  | SOLE | 0 | 23000 | 0 | 24400 |
| Eagle Materials Inc | COM | 26969P108 |  | 141 | 1065 | SH |  | SOLE | 0 | 0 | 0 | 1065 |
| Deluxe Corp | COM | 248019101 |  | 33977 | 2000974 | SH |  | SOLE | 0 | 1377574 | 0 | 623400 |
| Crocs Inc | COM | 227046109 |  | 15709 | 144873 | SH |  | SOLE | 0 | 74220 | 0 | 70653 |
| Conagra Brands Inc | COM | 205887102 |  | 322531 | 8334129 | SH |  | SOLE | 0 | 5464395 | 0 | 2869734 |
| CNX RESOURCES CORPORATION | COM | 12653C108 |  | 4658 | 276600 | SH |  | SOLE | 0 | 253000 | 0 | 23600 |
| Chimera Investment Corp | COM | 16934Q208 |  | 5847 | 1063059 | SH |  | SOLE | 0 | 893559 | 0 | 169500 |
| Carnival Corp | COM | 143658300 |  | 634 | 78610 | SH |  | SOLE | 0 | 51810 | 0 | 26800 |
| C Financial Corp | COM | 12466Q104 |  | 1769 | 30367 | SH |  | SOLE | 0 | 21467 | 0 | 8900 |
| BorgWarner Inc | COM | 099724106 |  | 149310 | 3709576 | SH |  | SOLE | 0 | 2910308 | 0 | 799268 |
| Belden Inc | COM | 077454106 |  | 1165 | 16200 | SH |  | SOLE | 0 | 10100 | 0 | 6100 |
| Banco Latinoamericano de Comercio Exterior SA | COM | P16994132 |  | 15750 | 972198 | SH |  | SOLE | 0 | 590598 | 0 | 381600 |
| Atkore Inc | COM | 047649108 |  | 121084 | 1067570 | SH |  | SOLE | 0 | 725920 | 0 | 341650 |
| Arbor Realty Trust Inc | COM | 038923108 |  | 14990 | 1136446 | SH |  | SOLE | 0 | 575069 | 0 | 561377 |
| American Woodmark Corp | COM | 030506109 |  | 8199 | 167810 | SH |  | SOLE | 0 | 60460 | 0 | 107350 |
| Alphabet Inc | COM | 02079K107 |  | 195 | 2200 | SH |  | SOLE | 0 | 2200 | 0 | 0 |
| ACCO Brands Corp | COM | 00081T108 |  | 18892 | 3379590 | SH |  | SOLE | 0 | 2161590 | 0 | 1218000 |
| Zumiez Inc | COM | 989817101 |  | 696 | 32000 | SH |  | SOLE | 0 | 3200 | 0 | 28800 |
| WesBanco Inc | COM | 950810101 |  | 16754 | 453058 | SH |  | SOLE | 0 | 263170 | 0 | 189888 |
| Vistra Corp | COM | 92840M102 |  | 198397 | 8551584 | SH |  | SOLE | 0 | 6398584 | 0 | 2153000 |
| V2X Inc | COM | 92242T101 |  | 13343 | 323145 | SH |  | SOLE | 0 | 216676 | 0 | 106469 |
| United Rentals Inc | COM | 911363109 |  | 15885 | 44694 | SH |  | SOLE | 0 | 38394 | 0 | 6300 |
| Tronox Holdings PLC | COM | G9087Q102 |  | 23769 | 1733670 | SH |  | SOLE | 0 | 1390270 | 0 | 343400 |
| Thor Industries Inc | COM | 885160101 |  | 154372 | 2044929 | SH |  | SOLE | 0 | 1396829 | 0 | 648100 |
| Synopsys Inc | COM | 871607107 |  | 13282 | 41600 | SH |  | SOLE | 0 | 0 | 0 | 41600 |
| Southwestern Energy Co | COM | 845467109 |  | 7844 | 1340800 | SH |  | SOLE | 0 | 589100 | 0 | 751700 |
| SilverBow Resources Inc | COM | 82836G102 |  | 433 | 15300 | SH |  | SOLE | 0 | 11600 | 0 | 3700 |
| Schneider National Inc | COM | 80689H102 |  | 8555 | 365600 | SH |  | SOLE | 0 | 43700 | 0 | 321900 |
| Rimini Street Inc | COM | 76674Q107 |  | 160 | 42000 | SH |  | SOLE | 0 | 42000 | 0 | 0 |
| Radian Group Inc | COM | 750236101 |  | 140585 | 7372072 | SH |  | SOLE | 0 | 4994272 | 0 | 2377800 |
| PROG Holdings Inc | COM | 74319R101 |  | 396 | 23473 | SH |  | SOLE | 0 | 0 | 0 | 23473 |
| Pinnacle Airlines Corp | COM | 723443107 |  | 0 | 9400 | SH |  | SOLE | 0 | 0 | 0 | 9400 |
| PennantPark Investment Corp | COM | 708062104 |  | 9998 | 1738703 | SH |  | SOLE | 0 | 861203 | 0 | 877500 |
| Outfront Media Inc | COM | 69007J106 |  | 214 | 12900 | SH |  | SOLE | 0 | 0 | 0 | 12900 |
| OFG Bancorp | COM | 67103X102 |  | 58325 | 2116297 | SH |  | SOLE | 0 | 1339720 | 0 | 776577 |
| Nordstrom Inc | COM | 655664100 |  | 21512 | 1332847 | SH |  | SOLE | 0 | 917054 | 0 | 415793 |
| Navient Corp | COM | 63938C108 |  | 109162 | 6635985 | SH |  | SOLE | 0 | 5186915 | 0 | 1449070 |
| Molson Coors Beverage Co | COM | 60871R209 |  | 391003 | 7589343 | SH |  | SOLE | 0 | 5179434 | 0 | 2409909 |
| Meridian Corp | COM | 58958P104 |  | 1118 | 36906 | SH |  | SOLE | 0 | 26106 | 0 | 10800 |
| MasterCraft Boat Holdings Inc | COM | 57637H103 |  | 422 | 16300 | SH |  | SOLE | 0 | 16300 | 0 | 0 |
| Lumen Technologies Inc | COM | 550241103 |  | 9866 | 1889948 | SH |  | SOLE | 0 | 1439248 | 0 | 450700 |
| Landmark Bancorp Inc/Manhattan KS | COM | 51504L107 |  | 154 | 6789 | SH |  | SOLE | 0 | 6789 | 0 | 0 |
| Kimberly-Clark Corp | COM | 494368103 |  | 377 | 2775 | SH |  | SOLE | 0 | 0 | 0 | 2775 |
| Janus Henderson Group PLC | COM | G4474Y214 |  | 4558 | 193812 | SH |  | SOLE | 0 | 124312 | 0 | 69500 |
| Innoviva Inc | COM | 45781M101 |  | 21748 | 1641361 | SH |  | SOLE | 0 | 969262 | 0 | 672099 |
| Hooker Furnishings Corp | COM | 439038100 |  | 165 | 8800 | SH |  | SOLE | 0 | 8800 | 0 | 0 |
| Heidrick  Struggles International Inc | COM | 422819102 |  | 5152 | 184197 | SH |  | SOLE | 0 | 150415 | 0 | 33782 |
| Guess  Inc | COM | 401617105 |  | 7006 | 338600 | SH |  | SOLE | 0 | 293400 | 0 | 45200 |
| Global Net Lease Inc | COM | 379378201 |  | 23869 | 1898876 | SH |  | SOLE | 0 | 1210348 | 0 | 688528 |
| Franklin BSP Realty Trust Inc | COM | 35243J101 |  | 339 | 26271 | SH |  | SOLE | 0 | 26271 | 0 | 0 |
| First Busey Corp | COM | 319383204 |  | 32533 | 1316066 | SH |  | SOLE | 0 | 726966 | 0 | 589100 |
| EVERTEC Inc | COM | 30040P103 |  | 6729 | 207803 | SH |  | SOLE | 0 | 69850 | 0 | 137953 |
| Encore Capital Group Inc | COM | 292554102 |  | 5 | 100 | SH |  | SOLE | 0 | 0 | 0 | 100 |
| DuPont de Nemours Inc | COM | 26614N102 |  | 734 | 10700 | SH |  | SOLE | 0 | 10700 | 0 | 0 |
| Deere  Co | COM | 244199105 |  | 86 | 200 | SH |  | SOLE | 0 | 200 | 0 | 0 |
| Crane Holdings Co | COM | 224441105 |  | 119917 | 1193799 | SH |  | SOLE | 0 | 787397 | 0 | 406402 |
| Computer Programs and Systems Inc | COM | 205306103 |  | 10081 | 370370 | SH |  | SOLE | 0 | 199920 | 0 | 170450 |
| CNA Financial Corp | COM | 126117100 |  | 52465 | 1240892 | SH |  | SOLE | 0 | 1044489 | 0 | 196403 |
| Chemung Financial Corp | COM | 164024101 |  | 794 | 17300 | SH |  | SOLE | 0 | 13500 | 0 | 3800 |
| Cardinal Health Inc | COM | 14149Y108 |  | 188297 | 2449552 | SH |  | SOLE | 0 | 1762152 | 0 | 687400 |
| Builders FirstSource Inc | COM | 12008R107 |  | 29897 | 460800 | SH |  | SOLE | 0 | 219300 | 0 | 241500 |
| Blue Ridge Bankshares Inc | COM | 095825105 |  | 719 | 57591 | SH |  | SOLE | 0 | 41505 | 0 | 16086 |
| BCB Bancorp Inc | COM | 055298103 |  | 1388 | 77144 | SH |  | SOLE | 0 | 51400 | 0 | 25744 |
| AZZ Inc | COM | 002474104 |  | 1328 | 33024 | SH |  | SOLE | 0 | 4631 | 0 | 28393 |
| Assurant Inc | COM | 04621X108 |  | 1321 | 10566 | SH |  | SOLE | 0 | 0 | 0 | 10566 |
| Apple Inc | COM | 037833100 |  | 27714 | 213300 | SH |  | SOLE | 0 | 7600 | 0 | 205700 |
| American Financial Group Inc/OH | COM | 025932104 |  | 203034 | 1478980 | SH |  | SOLE | 0 | 956418 | 0 | 522562 |
| Allstate Corp/The | COM | 020002101 |  | 222693 | 1642278 | SH |  | SOLE | 0 | 927645 | 0 | 714633 |
| Abercrombie  Fitch Co | COM | 002896207 |  | 701 | 30600 | SH |  | SOLE | 0 | 30600 | 0 | 0 |
| Xerox Holdings Corp | COM | 98421M106 |  | 86216 | 5905230 | SH |  | SOLE | 0 | 4209676 | 0 | 1695554 |
| Weis Markets Inc | COM | 948849104 |  | 16470 | 200149 | SH |  | SOLE | 0 | 91526 | 0 | 108623 |
| Vishay Intertechnology Inc | COM | 928298108 |  | 114472 | 5307009 | SH |  | SOLE | 0 | 3840269 | 0 | 1466740 |
| Urstadt Biddle Properties Inc | COM | 917286205 |  | 9658 | 509640 | SH |  | SOLE | 0 | 415140 | 0 | 94500 |
| United Microelectronics Corp | COM | 910873405 |  | 130 | 19900 | SH |  | SOLE | 0 | 19900 | 0 | 0 |
| Trinity Capital Inc | COM | 896442308 |  | 96 | 8800 | SH |  | SOLE | 0 | 0 | 0 | 8800 |
| Textainer Group Holdings Ltd | COM | G8766E109 |  | 2813 | 90725 | SH |  | SOLE | 0 | 87400 | 0 | 3325 |
| Supernus Pharmaceuticals Inc | COM | 868459108 |  | 877 | 24600 | SH |  | SOLE | 0 | 20300 | 0 | 4300 |
| Sotherly Hotels Inc | COM | 83600C103 |  | 260 | 143402 | SH |  | SOLE | 0 | 57600 | 0 | 85802 |
| Sierra Bancorp | COM | 82620P102 |  | 2776 | 130694 | SH |  | SOLE | 0 | 115994 | 0 | 14700 |
| Sanmina Corp | COM | 801056102 |  | 116526 | 2033971 | SH |  | SOLE | 0 | 1283277 | 0 | 750694 |
| Republic Services Inc | COM | 760759100 |  | 16898 | 131000 | SH |  | SOLE | 0 | 0 | 0 | 131000 |
| Quanta Services Inc | COM | 74762E102 |  | 5372 | 37697 | SH |  | SOLE | 0 | 0 | 0 | 37697 |
| Principal Financial Group Inc | COM | 74251V102 |  | 20065 | 239100 | SH |  | SOLE | 0 | 194600 | 0 | 44500 |
| Photronics Inc | COM | 719405102 |  | 6039 | 358800 | SH |  | SOLE | 0 | 245000 | 0 | 113800 |
| Patterson Cos Inc | COM | 703395103 |  | 15928 | 568245 | SH |  | SOLE | 0 | 293400 | 0 | 274845 |
| Oshkosh Corp | COM | 688239201 |  | 33984 | 385350 | SH |  | SOLE | 0 | 211320 | 0 | 174030 |
| OceanFirst Financial Corp | COM | 675234108 |  | 4468 | 210259 | SH |  | SOLE | 0 | 50000 | 0 | 160259 |
| NexTier Oilfield Solutions Inc | COM | 65290C105 |  | 2319 | 250938 | SH |  | SOLE | 0 | 0 | 0 | 250938 |
| National Fuel Gas Co | COM | 636180101 |  | 119837 | 1893158 | SH |  | SOLE | 0 | 1043350 | 0 | 849808 |
| Mobile TeleSystems PJSC | COM | 607409109 |  | 0 | 2891600 | SH |  | SOLE | 0 | 2873700 | 0 | 17900 |
| Mercantile Bank Corp | COM | 587376104 |  | 5043 | 150620 | SH |  | SOLE | 0 | 90320 | 0 | 60300 |
| Marten Transport Ltd | COM | 573075108 |  | 477 | 24100 | SH |  | SOLE | 0 | 0 | 0 | 24100 |
| Louisiana-Pacific Corp | COM | 546347105 |  | 98952 | 1671484 | SH |  | SOLE | 0 | 910984 | 0 | 760500 |
| Lakeland Bancorp Inc | COM | 511637100 |  | 3567 | 202536 | SH |  | SOLE | 0 | 137538 | 0 | 64998 |
| KeyCorp | COM | 493267108 |  | 163889 | 9408105 | SH |  | SOLE | 0 | 7351538 | 0 | 2056567 |
| J M Smucker Co/The | COM | 832696405 |  | 263855 | 1665120 | SH |  | SOLE | 0 | 1050090 | 0 | 615030 |
| Ingevity Corp | COM | 45688C107 |  | 106523 | 1512255 | SH |  | SOLE | 0 | 1179741 | 0 | 332514 |
| Home Depot Inc/The | COM | 437076102 |  | 569 | 1800 | SH |  | SOLE | 0 | 1800 | 0 | 0 |
| Hawaiian Holdings Inc | COM | 419879101 |  | 1831 | 178500 | SH |  | SOLE | 0 | 133100 | 0 | 45400 |
| Group 1 Automotive Inc | COM | 398905109 |  | 62260 | 345182 | SH |  | SOLE | 0 | 229684 | 0 | 115498 |
| Geopark Ltd | COM | G38327105 |  | 1514 | 98000 | SH |  | SOLE | 0 | 90900 | 0 | 7100 |
| Foot Locker Inc | COM | 344849104 |  | 164045 | 4340965 | SH |  | SOLE | 0 | 2981185 | 0 | 1359780 |
| First American Financial Corp | COM | 31847R102 |  | 137243 | 2622135 | SH |  | SOLE | 0 | 1745995 | 0 | 876140 |
| Ethan Allen Interiors Inc | COM | 297602104 |  | 18038 | 682739 | SH |  | SOLE | 0 | 466839 | 0 | 215900 |
| Eli Lilly  Co | COM | 532457108 |  | 28170 | 77000 | SH |  | SOLE | 0 | 0 | 0 | 77000 |
| DR Horton Inc | COM | 23331A109 |  | 51198 | 574360 | SH |  | SOLE | 0 | 320100 | 0 | 254260 |
| Darden Restaurants Inc | COM | 237194105 |  | 2794 | 20200 | SH |  | SOLE | 0 | 20200 | 0 | 0 |
| Cousins Properties Inc | COM | 222795502 |  | 2268 | 89686 | SH |  | SOLE | 0 | 84486 | 0 | 5200 |
| CommScope Holding Co Inc | COM | 20337X109 |  | 1158 | 157600 | SH |  | SOLE | 0 | 98800 | 0 | 58800 |
| Civista Bancshares Inc | COM | 178867107 |  | 2678 | 121678 | SH |  | SOLE | 0 | 85800 | 0 | 35878 |
| Chatham Lodging Trust | COM | 16208T102 |  | 1877 | 153000 | SH |  | SOLE | 0 | 126700 | 0 | 26300 |
| Canon Inc | COM | 138006309 |  | 9703 | 447560 | SH |  | SOLE | 0 | 60700 | 0 | 386860 |
| Brookline Bancorp Inc | COM | 11373M107 |  | 3284 | 232055 | SH |  | SOLE | 0 | 101875 | 0 | 130180 |
| BlackRock TCP Capital Corp | COM | 09259E108 |  | 2523 | 195000 | SH |  | SOLE | 0 | 35100 | 0 | 159900 |
| Bar Harbor Bankshares | COM | 066849100 |  | 2786 | 86950 | SH |  | SOLE | 0 | 82250 | 0 | 4700 |
| Avnet Inc | COM | 053807103 |  | 124719 | 2999484 | SH |  | SOLE | 0 | 1888984 | 0 | 1110500 |
| ASE Technology Holding Co Ltd | COM | 00215W100 |  | 6753 | 1077000 | SH |  | SOLE | 0 | 1077000 | 0 | 0 |
| Apogee Enterprises Inc | COM | 037598109 |  | 23905 | 537668 | SH |  | SOLE | 0 | 390868 | 0 | 146800 |
| American Axle  Manufacturing Holdings Inc | COM | 024061103 |  | 33447 | 4277100 | SH |  | SOLE | 0 | 2924800 | 0 | 1352300 |
| AGCO Corp | COM | 001084102 |  | 443569 | 3198276 | SH |  | SOLE | 0 | 2255908 | 0 | 942368 |
| Aaron's Co Inc/The | COM | 00258W108 |  | 10295 | 861498 | SH |  | SOLE | 0 | 604618 | 0 | 256880 |
| Wintrust Financial Corp | COM | 97650W108 |  | 752 | 8900 | SH |  | SOLE | 0 | 8900 | 0 | 0 |
| Washington Federal Inc | COM | 938824109 |  | 21819 | 650351 | SH |  | SOLE | 0 | 260251 | 0 | 390100 |
| Village Super Market Inc | COM | 927107409 |  | 3605 | 154781 | SH |  | SOLE | 0 | 107981 | 0 | 46800 |
| Universal Logistics Holdings Inc | COM | 91388P105 |  | 17445 | 521688 | SH |  | SOLE | 0 | 263313 | 0 | 258375 |
| Ultra Clean Holdings Inc | COM | 90385V107 |  | 7774 | 234520 | SH |  | SOLE | 0 | 159420 | 0 | 75100 |
| Travelers Cos Inc/The | COM | 89417E109 |  | 17375 | 92672 | SH |  | SOLE | 0 | 0 | 0 | 92672 |
| Tencent Music Entertainment Group | COM | 88034P109 |  | 759 | 91700 | SH |  | SOLE | 0 | 91700 | 0 | 0 |
| Summit Financial Group Inc | COM | 86606G101 |  | 717 | 28800 | SH |  | SOLE | 0 | 24400 | 0 | 4400 |
| Snap-on Inc | COM | 833034101 |  | 160248 | 701336 | SH |  | SOLE | 0 | 492364 | 0 | 208972 |
| Shoe Carnival Inc | COM | 824889109 |  | 9583 | 400808 | SH |  | SOLE | 0 | 189408 | 0 | 211400 |
| Salisbury Bancorp Inc | COM | 795226109 |  | 385 | 12262 | SH |  | SOLE | 0 | 9662 | 0 | 2600 |
| RenaissanceRe Holdings Ltd | COM | G7496G103 |  | 9807 | 53231 | SH |  | SOLE | 0 | 21800 | 0 | 31431 |
| Quad/Graphics Inc | COM | 747301109 |  | 4081 | 1000252 | SH |  | SOLE | 0 | 479613 | 0 | 520639 |
| Prestige Consumer Healthcare Inc | COM | 74112D101 |  | 54141 | 864880 | SH |  | SOLE | 0 | 455880 | 0 | 409000 |
| Phibro Animal Health Corp | COM | 71742Q106 |  | 1273 | 94900 | SH |  | SOLE | 0 | 79500 | 0 | 15400 |
| Parke Bancorp Inc | COM | 700885106 |  | 663 | 31985 | SH |  | SOLE | 0 | 31985 | 0 | 0 |
| Organon  Co | COM | 68622V106 |  | 71102 | 2545719 | SH |  | SOLE | 0 | 1837433 | 0 | 708286 |
| NVIDIA Corp | COM | 67066G104 |  | 102 | 700 | SH |  | SOLE | 0 | 700 | 0 | 0 |
| Nexstar Media Group Inc | COM | 65336K103 |  | 229179 | 1309370 | SH |  | SOLE | 0 | 911580 | 0 | 397790 |
| Myers Industries Inc | COM | 628464109 |  | 5958 | 267995 | SH |  | SOLE | 0 | 193595 | 0 | 74400 |
| Midland States Bancorp Inc | COM | 597742105 |  | 14042 | 527489 | SH |  | SOLE | 0 | 287910 | 0 | 239579 |
| Medifast Inc | COM | 58470H101 |  | 1027 | 8900 | SH |  | SOLE | 0 | 6700 | 0 | 2200 |
| Marathon Oil Corp | COM | 565849106 |  | 125203 | 4625150 | SH |  | SOLE | 0 | 3876350 | 0 | 748800 |
| LKQ Corp | COM | 501889208 |  | 6318 | 118292 | SH |  | SOLE | 0 | 113592 | 0 | 4700 |
| La-Z-Boy Inc | COM | 505336107 |  | 40853 | 1790213 | SH |  | SOLE | 0 | 1321913 | 0 | 468300 |
| Kearny Financial Corp/MD | COM | 48716P108 |  | 4546 | 447900 | SH |  | SOLE | 0 | 110700 | 0 | 337200 |
| iRadimed Corp | COM | 46266A109 |  | 518 | 18300 | SH |  | SOLE | 0 | 15000 | 0 | 3300 |
| Independent Bank Corp/MI | COM | 453838609 |  | 15036 | 628600 | SH |  | SOLE | 0 | 407100 | 0 | 221500 |
| Hillenbrand Inc | COM | 431571108 |  | 107370 | 2516289 | SH |  | SOLE | 0 | 1781339 | 0 | 734950 |
| Harley-Davidson Inc | COM | 412822108 |  | 208065 | 5001567 | SH |  | SOLE | 0 | 3548634 | 0 | 1452933 |
| Great Southern Bancorp Inc | COM | 390905107 |  | 7880 | 132456 | SH |  | SOLE | 0 | 95235 | 0 | 37221 |
| Genesco Inc | COM | 371532102 |  | 15030 | 326600 | SH |  | SOLE | 0 | 162900 | 0 | 163700 |
| Flushing Financial Corp | COM | 343873105 |  | 10519 | 542778 | SH |  | SOLE | 0 | 264745 | 0 | 278033 |
| Fidelity National Financial Inc | COM | 31620R303 |  | 11751 | 312370 | SH |  | SOLE | 0 | 305370 | 0 | 7000 |
| Equitable Holdings Inc | COM | 29452E101 |  | 18129 | 631677 | SH |  | SOLE | 0 | 535277 | 0 | 96400 |
| Edgewell Personal Care Co | COM | 28035Q102 |  | 45565 | 1182279 | SH |  | SOLE | 0 | 779635 | 0 | 402644 |
| Diversified Healthcare Trust | COM | 25525P107 |  | 253 | 390904 | SH |  | SOLE | 0 | 324104 | 0 | 66800 |
| CVS Health Corp | COM | 126650100 |  | 519486 | 5574483 | SH |  | SOLE | 0 | 3719350 | 0 | 1855133 |
| Costamare Inc | COM | Y1771G102 |  | 943 | 101600 | SH |  | SOLE | 0 | 7500 | 0 | 94100 |
| Comcast Corp | COM | 20030N101 |  | 418215 | 11959260 | SH |  | SOLE | 0 | 8181069 | 0 | 3778191 |
| Citizens Financial Group Inc | COM | 174610105 |  | 283599 | 7203434 | SH |  | SOLE | 0 | 5398461 | 0 | 1804973 |
| Celanese Corp | COM | 150870103 |  | 80034 | 782809 | SH |  | SOLE | 0 | 544449 | 0 | 238360 |
| Camping World Holdings Inc | COM | 13462K109 |  | 2169 | 97179 | SH |  | SOLE | 0 | 21187 | 0 | 75992 |
| Bristow Group Inc | COM | 11040G103 |  | 288 | 10600 | SH |  | SOLE | 0 | 10600 | 0 | 0 |
| Big Lots Inc | COM | 089302103 |  | 14552 | 989935 | SH |  | SOLE | 0 | 551535 | 0 | 438400 |
| Bank7 Corp | COM | 06652N107 |  | 167 | 6537 | SH |  | SOLE | 0 | 2900 | 0 | 3637 |
| Avery Dennison Corp | COM | 053611109 |  | 5720 | 31600 | SH |  | SOLE | 0 | 0 | 0 | 31600 |
| ARMOUR Residential REIT Inc | COM | 042315507 |  | 164 | 29100 | SH |  | SOLE | 0 | 19300 | 0 | 9800 |
| Annaly Capital Management Inc | COM | 035710839 |  | 84935 | 4029190 | SH |  | SOLE | 0 | 2900406 | 0 | 1128784 |
| Ameren Corp | COM | 023608102 |  | 6605 | 74283 | SH |  | SOLE | 0 | 0 | 0 | 74283 |
| Affiliated Managers Group Inc | COM | 008252108 |  | 26361 | 166389 | SH |  | SOLE | 0 | 116589 | 0 | 49800 |
| Whirlpool Corp | COM | 963320106 |  | 284985 | 2014595 | SH |  | SOLE | 0 | 1433264 | 0 | 581331 |
| Walt Disney Co/The | COM | 254687106 |  | 487 | 5600 | SH |  | SOLE | 0 | 5600 | 0 | 0 |
| Verizon Communications Inc | COM | 92343V104 |  | 591006 | 15000150 | SH |  | SOLE | 0 | 9393505 | 0 | 5606645 |
| Universal Corp/VA | COM | 913456109 |  | 3139 | 59446 | SH |  | SOLE | 0 | 24587 | 0 | 34859 |
| Tyson Foods Inc | COM | 902494103 |  | 251052 | 4032969 | SH |  | SOLE | 0 | 2573372 | 0 | 1459597 |
| Townsquare Media Inc | COM | 892231101 |  | 463 | 63800 | SH |  | SOLE | 0 | 52900 | 0 | 10900 |
| Tecnoglass Inc | COM | G87264100 |  | 105 | 3400 | SH |  | SOLE | 0 | 3400 | 0 | 0 |
| Stellus Capital Investment Corp | COM | 858568108 |  | 504 | 38000 | SH |  | SOLE | 0 | 38000 | 0 | 0 |
| Sleep Number Corp | COM | 83125X103 |  | 13447 | 517600 | SH |  | SOLE | 0 | 362200 | 0 | 155400 |
| Service Properties Trust | COM | 81761L102 |  | 27968 | 3836537 | SH |  | SOLE | 0 | 2791317 | 0 | 1045220 |
| Ryder System Inc | COM | 783549108 |  | 113850 | 1362328 | SH |  | SOLE | 0 | 1011538 | 0 | 350790 |
| Reinsurance Group of America Inc | COM | 759351604 |  | 32069 | 225694 | SH |  | SOLE | 0 | 174764 | 0 | 50930 |
| PVH Corp | COM | 693656100 |  | 55864 | 791390 | SH |  | SOLE | 0 | 584200 | 0 | 207190 |
| Preformed Line Products Co | COM | 740444104 |  | 4759 | 57138 | SH |  | SOLE | 0 | 27039 | 0 | 30099 |
| Perrigo Co PLC | COM | G97822103 |  | 3692 | 108300 | SH |  | SOLE | 0 | 17700 | 0 | 90600 |
| Paramount Global | COM | 92556H206 |  | 61577 | 3647934 | SH |  | SOLE | 0 | 2612580 | 0 | 1035354 |
| OP Bancorp | COM | 67109R109 |  | 1036 | 92800 | SH |  | SOLE | 0 | 76100 | 0 | 16700 |
| NRG Energy Inc | COM | 629377508 |  | 228602 | 7184209 | SH |  | SOLE | 0 | 5399855 | 0 | 1784354 |
| New York Community Bancorp Inc | COM | 649445103 |  | 9115 | 1059927 | SH |  | SOLE | 0 | 601807 | 0 | 458120 |
| Mueller Industries Inc | COM | 624756102 |  | 29258 | 495891 | SH |  | SOLE | 0 | 308621 | 0 | 187270 |
| Microsoft Corp | COM | 594918104 |  | 21427 | 89345 | SH |  | SOLE | 0 | 3600 | 0 | 85745 |
| MDU Resources Group Inc | COM | 552690109 |  | 14972 | 493460 | SH |  | SOLE | 0 | 286060 | 0 | 207400 |
| Manitowoc Co Inc/The | COM | 563571405 |  | 239 | 26100 | SH |  | SOLE | 0 | 18400 | 0 | 7700 |
| Lennar Corp | COM | 526057302 |  | 152 | 2036 | SH |  | SOLE | 0 | 1874 | 0 | 162 |
| Kulicke  Soffa Industries Inc | COM | 501242101 |  | 70375 | 1590046 | SH |  | SOLE | 0 | 1001246 | 0 | 588800 |
| JPMorgan Chase  Co | COM | 46625H100 |  | 112007 | 835250 | SH |  | SOLE | 0 | 673150 | 0 | 162100 |
| inTEST Corp | COM | 461147100 |  | 68 | 6600 | SH |  | SOLE | 0 | 6600 | 0 | 0 |
| Huntington Ingalls Industries Inc | COM | 446413106 |  | 169553 | 735014 | SH |  | SOLE | 0 | 530710 | 0 | 204304 |
| HF Sinclair Corp | COM | 403949100 |  | 270502 | 5212997 | SH |  | SOLE | 0 | 3769847 | 0 | 1443150 |
| Hanesbrands Inc | COM | 410345102 |  | 21732 | 3417000 | SH |  | SOLE | 0 | 2266000 | 0 | 1151000 |
| Granite Point Mortgage Trust Inc | COM | 38741L107 |  | 219 | 40800 | SH |  | SOLE | 0 | 29900 | 0 | 10900 |
| General Dynamics Corp | COM | 369550108 |  | 7989 | 32200 | SH |  | SOLE | 0 | 2100 | 0 | 30100 |
| First Merchants Corp | COM | 320817109 |  | 89 | 2172 | SH |  | SOLE | 0 | 1457 | 0 | 715 |
| Federal Agricultural Mortgage Corp | COM | 313148306 |  | 15063 | 133644 | SH |  | SOLE | 0 | 83834 | 0 | 49810 |
| EOG Resources Inc | COM | 26875P101 |  | 33209 | 256400 | SH |  | SOLE | 0 | 243600 | 0 | 12800 |
| Ebix Inc | COM | 278715206 |  | 2698 | 135173 | SH |  | SOLE | 0 | 108673 | 0 | 26500 |
| Dine Brands Global Inc | COM | 254423106 |  | 11842 | 183317 | SH |  | SOLE | 0 | 105086 | 0 | 78231 |
| Cummins Inc | COM | 231021106 |  | 442492 | 1826292 | SH |  | SOLE | 0 | 1204982 | 0 | 621310 |
| CoreCivic Inc | COM | 21871N101 |  | 18550 | 1604648 | SH |  | SOLE | 0 | 1108148 | 0 | 496500 |
| Cognizant Technology Solutions Corp | COM | 192446102 |  | 21037 | 367852 | SH |  | SOLE | 0 | 182460 | 0 | 185392 |
| Cirrus Logic Inc | COM | 172755100 |  | 71949 | 966019 | SH |  | SOLE | 0 | 577044 | 0 | 388975 |
| Caterpillar Inc | COM | 149123101 |  | 96 | 400 | SH |  | SOLE | 0 | 400 | 0 | 0 |
| Callon Petroleum Co | COM | 13123X508 |  | 747 | 20140 | SH |  | SOLE | 0 | 13946 | 0 | 6194 |
| Brink's Co/The | COM | 109696104 |  | 1488 | 27697 | SH |  | SOLE | 0 | 19097 | 0 | 8600 |
| BGSF Inc | COM | 05601C105 |  | 3058 | 199585 | SH |  | SOLE | 0 | 126700 | 0 | 72885 |
| Bank of NT Butterfield  Son Ltd/The | COM | G0772R208 |  | 4728 | 158600 | SH |  | SOLE | 0 | 104600 | 0 | 54000 |
| AutoNation Inc | COM | 05329W102 |  | 31460 | 293200 | SH |  | SOLE | 0 | 236300 | 0 | 56900 |
| Ares Capital Corp | COM | 04010L103 |  | 28534 | 1544862 | SH |  | SOLE | 0 | 1240000 | 0 | 304862 |
| AMN Healthcare Services Inc | COM | 001744101 |  | 11533 | 112170 | SH |  | SOLE | 0 | 33799 | 0 | 78371 |
| Amazon.com Inc | COM | 023135106 |  | 286 | 3400 | SH |  | SOLE | 0 | 3400 | 0 | 0 |
| Advance Auto Parts Inc | COM | 00751Y106 |  | 10998 | 74800 | SH |  | SOLE | 0 | 900 | 0 | 73900 |
| Western Union Co/The | COM | 959802109 |  | 104369 | 7579420 | SH |  | SOLE | 0 | 4329376 | 0 | 3250044 |
| Wabash National Corp | COM | 929566107 |  | 12796 | 566205 | SH |  | SOLE | 0 | 279405 | 0 | 286800 |
| Vanda Pharmaceuticals Inc | COM | 921659108 |  | 541 | 73200 | SH |  | SOLE | 0 | 60900 | 0 | 12300 |
| Unitil Corp | COM | 913259107 |  | 298 | 5800 | SH |  | SOLE | 0 | 2900 | 0 | 2900 |
| Turkcell Iletisim Hizmetleri AS | COM | 900111204 |  | 490 | 102400 | SH |  | SOLE | 0 | 102400 | 0 | 0 |
| Toll Brothers Inc | COM | 889478103 |  | 83375 | 1670169 | SH |  | SOLE | 0 | 1006669 | 0 | 663500 |
| Target Corp | COM | 87612E106 |  | 112027 | 751658 | SH |  | SOLE | 0 | 442944 | 0 | 308714 |
| SS Technologies Holdings Inc | COM | 78467J100 |  | 25124 | 482603 | SH |  | SOLE | 0 | 228003 | 0 | 254600 |
| SK Telecom Co Ltd | COM | 78440P306 |  | 7043 | 342081 | SH |  | SOLE | 0 | 153763 | 0 | 188318 |
| Select Medical Holdings Corp | COM | 81619Q105 |  | 112185 | 4518139 | SH |  | SOLE | 0 | 2768669 | 0 | 1749470 |
| Rocky Brands Inc | COM | 774515100 |  | 5082 | 215154 | SH |  | SOLE | 0 | 133854 | 0 | 81300 |
| Regeneron Pharmaceuticals Inc | COM | 75886F107 |  | 37590 | 52100 | SH |  | SOLE | 0 | 47900 | 0 | 4200 |
| Public Service Enterprise Group Inc | COM | 744573106 |  | 3394 | 55400 | SH |  | SOLE | 0 | 0 | 0 | 55400 |
| Popular Inc | COM | 733174700 |  | 43815 | 660660 | SH |  | SOLE | 0 | 395460 | 0 | 265200 |
| Peoples Financial Services Corp | COM | 711040105 |  | 494 | 9524 | SH |  | SOLE | 0 | 7824 | 0 | 1700 |
| PacWest Bancorp | COM | 695263103 |  | 5692 | 248000 | SH |  | SOLE | 0 | 215000 | 0 | 33000 |
| Omnicom Group Inc | COM | 681919106 |  | 6273 | 76900 | SH |  | SOLE | 0 | 7300 | 0 | 69600 |
| Northwest Bancshares Inc | COM | 667340103 |  | 576 | 41200 | SH |  | SOLE | 0 | 0 | 0 | 41200 |
| NETGEAR Inc. | COM | 64111Q104 |  | 1472 | 81296 | SH |  | SOLE | 0 | 62346 | 0 | 18950 |
| Movado Group Inc | COM | 624580106 |  | 5670 | 175800 | SH |  | SOLE | 0 | 90800 | 0 | 85000 |
| MFA Financial Inc | COM | 55272X607 |  | 7309 | 742050 | SH |  | SOLE | 0 | 414300 | 0 | 327750 |
| McDonald's Corp | COM | 580135101 |  | 474 | 1800 | SH |  | SOLE | 0 | 1800 | 0 | 0 |
| M/I Homes Inc | COM | 55305B101 |  | 2166 | 46900 | SH |  | SOLE | 0 | 25000 | 0 | 21900 |
| Lear Corp | COM | 521865204 |  | 83634 | 674360 | SH |  | SOLE | 0 | 435659 | 0 | 238701 |
| Koppers Holdings Inc | COM | 50060P106 |  | 23426 | 830700 | SH |  | SOLE | 0 | 667800 | 0 | 162900 |
| Johnson  Johnson | COM | 478160104 |  | 204002 | 1154840 | SH |  | SOLE | 0 | 579720 | 0 | 575120 |
| International Business Machines Corp | COM | 459200101 |  | 316632 | 2247368 | SH |  | SOLE | 0 | 1217920 | 0 | 1029448 |
| HQ Sustainable Maritime Industries Inc | COM | 40426A208 |  | 0 | 25900 | SH |  | SOLE | 0 | 2100 | 0 | 23800 |
| Heritage Insurance Holdings Inc | COM | 42727J102 |  | 95 | 53000 | SH |  | SOLE | 0 | 53000 | 0 | 0 |
| HAMILTON BEACH BRANDS HOLD-B | COM | 40701T203 |  | 20 | 1596 | SH |  | SOLE | 0 | 400 | 0 | 1196 |
| Golub Capital BDC Inc | COM | 38173M102 |  | 613 | 46600 | SH |  | SOLE | 0 | 26300 | 0 | 20300 |
| G-III Apparel Group Ltd | COM | 36237H101 |  | 10570 | 770965 | SH |  | SOLE | 0 | 372485 | 0 | 398480 |
| First Foundation Inc | COM | 32026V104 |  | 3150 | 219837 | SH |  | SOLE | 0 | 67200 | 0 | 152637 |
| F Annuities  Life Inc | COM | 30190A104 |  | 425 | 21231 | SH |  | SOLE | 0 | 20755 | 0 | 476 |
| Entergy Corp | COM | 29364G103 |  | 33558 | 298295 | SH |  | SOLE | 0 | 23100 | 0 | 275195 |
| Eastern Co/The | COM | 276317104 |  | 298 | 15440 | SH |  | SOLE | 0 | 12090 | 0 | 3350 |
| Devon Energy Corp | COM | 25179M103 |  | 44918 | 730260 | SH |  | SOLE | 0 | 527260 | 0 | 203000 |
| Crown Crafts Inc | COM | 228309100 |  | 264 | 49386 | SH |  | SOLE | 0 | 36464 | 0 | 12922 |
| ConocoPhillips | COM | 20825C104 |  | 1735 | 14700 | SH |  | SOLE | 0 | 14700 | 0 | 0 |
| Coca-Cola Consolidated Inc | COM | 191098102 |  | 20478 | 39968 | SH |  | SOLE | 0 | 19226 | 0 | 20742 |
| Chromcraft Revington Inc. | COM | 171ESC106 |  | 1 | 6600 | SH |  | SOLE | 0 | 1300 | 0 | 5300 |
| Carrier Global Corp | COM | 14448C104 |  | 2091 | 50700 | SH |  | SOLE | 0 | 0 | 0 | 50700 |
| Cadence Bank | COM | 12740C103 |  | 1159 | 46990 | SH |  | SOLE | 0 | 37240 | 0 | 9750 |
| Brandywine Realty Trust | COM | 105368203 |  | 23283 | 3785903 | SH |  | SOLE | 0 | 2674103 | 0 | 1111800 |
| Berry Corp | COM | 08579X101 |  | 691 | 86400 | SH |  | SOLE | 0 | 69900 | 0 | 16500 |
| Bank of America Corp | COM | 060505104 |  | 177909 | 5371652 | SH |  | SOLE | 0 | 3943952 | 0 | 1427700 |
| Audacy Inc | COM | 05070N103 |  | 883 | 3922400 | SH |  | SOLE | 0 | 2821300 | 0 | 1101100 |
| ArcBest Corp | COM | 03937C105 |  | 49115 | 701249 | SH |  | SOLE | 0 | 429409 | 0 | 271840 |
| AmerisourceBergen Corp | COM | 03073E105 |  | 2440 | 14727 | SH |  | SOLE | 0 | 0 | 0 | 14727 |
| Alpine Income Property Trust Inc | COM | 02083X103 |  | 942 | 49368 | SH |  | SOLE | 0 | 30200 | 0 | 19168 |
| Acuity Brands Inc | COM | 00508Y102 |  | 94839 | 572667 | SH |  | SOLE | 0 | 436087 | 0 | 136580 |
| Western Alliance Bancorp | COM | 957638109 |  | 6188 | 103900 | SH |  | SOLE | 0 | 54300 | 0 | 49600 |
| Vontier Corp | COM | 928881101 |  | 1282 | 66300 | SH |  | SOLE | 0 | 0 | 0 | 66300 |
| Vale SA | COM | 91912E105 |  | 580 | 34200 | SH |  | SOLE | 0 | 34200 | 0 | 0 |
| United Therapeutics Corp | COM | 91307C102 |  | 114578 | 412018 | SH |  | SOLE | 0 | 271518 | 0 | 140500 |
| Truist Financial Corp | COM | 89832Q109 |  | 4045 | 94000 | SH |  | SOLE | 0 | 94000 | 0 | 0 |
| Timken Co/The | COM | 887389104 |  | 75793 | 1072492 | SH |  | SOLE | 0 | 682292 | 0 | 390200 |
| Tandy Brands Accessories Inc | COM | 875378101 |  | 0 | 7500 | SH |  | SOLE | 0 | 7500 | 0 | 0 |
| SpartanNash Co | COM | 847215100 |  | 28542 | 943853 | SH |  | SOLE | 0 | 560984 | 0 | 382869 |
| Simon Property Group Inc | COM | 828806109 |  | 85378 | 726745 | SH |  | SOLE | 0 | 536800 | 0 | 189945 |
| Science Applications International Corp | COM | 808625107 |  | 56184 | 506479 | SH |  | SOLE | 0 | 343619 | 0 | 162860 |
| Rithm Capital Corp | COM | 64828T201 |  | 54076 | 6618847 | SH |  | SOLE | 0 | 4347590 | 0 | 2271257 |
| RBB Bancorp | COM | 74930B105 |  | 6526 | 313017 | SH |  | SOLE | 0 | 223017 | 0 | 90000 |
| Progressive Corp/The | COM | 743315103 |  | 15020 | 115800 | SH |  | SOLE | 0 | 0 | 0 | 115800 |
| Plymouth Industrial REIT Inc | COM | 729640102 |  | 12437 | 648456 | SH |  | SOLE | 0 | 317622 | 0 | 330834 |
| PennyMac Financial Services Inc | COM | 70932M107 |  | 3015 | 53212 | SH |  | SOLE | 0 | 48900 | 0 | 4312 |
| Owens Corning | COM | 690742101 |  | 173739 | 2036795 | SH |  | SOLE | 0 | 1550836 | 0 | 485959 |
| Old National Bancorp/IN | COM | 680033107 |  | 12521 | 696400 | SH |  | SOLE | 0 | 371800 | 0 | 324600 |
| Northfield Bancorp Inc | COM | 66611T108 |  | 395 | 25090 | SH |  | SOLE | 0 | 25090 | 0 | 0 |
| NCR Corp | COM | 62886E108 |  | 61928 | 2645361 | SH |  | SOLE | 0 | 1588009 | 0 | 1057352 |
| Morgan Stanley | COM | 617446448 |  | 337004 | 3963818 | SH |  | SOLE | 0 | 2789758 | 0 | 1174060 |
| Meta Platforms Inc | COM | 30303M102 |  | 135332 | 1124580 | SH |  | SOLE | 0 | 825090 | 0 | 299490 |
| Mativ Holdings Inc | COM | 808541106 |  | 16662 | 797223 | SH |  | SOLE | 0 | 616323 | 0 | 180900 |
| Lumentum Holdings Inc | COM | 55024U109 |  | 2697 | 51700 | SH |  | SOLE | 0 | 0 | 0 | 51700 |
| Lannett Co Inc | COM | 516012101 |  | 203 | 390351 | SH |  | SOLE | 0 | 150000 | 0 | 240351 |
| Kite Realty Group Trust | COM | 49803T300 |  | 10862 | 516020 | SH |  | SOLE | 0 | 247720 | 0 | 268300 |
| Jefferies Financial Group Inc | COM | 47233W109 |  | 133648 | 3898710 | SH |  | SOLE | 0 | 2894610 | 0 | 1004100 |
| Intel Corp | COM | 458140100 |  | 486583 | 18410265 | SH |  | SOLE | 0 | 11924069 | 0 | 6486196 |
| Horizon Bancorp Inc/IN | COM | 440407104 |  | 7938 | 526366 | SH |  | SOLE | 0 | 361893 | 0 | 164473 |
| Henry Schein Inc | COM | 806407102 |  | 511 | 6400 | SH |  | SOLE | 0 | 6400 | 0 | 0 |
| Hackett Group Inc/The | COM | 404609109 |  | 715 | 35100 | SH |  | SOLE | 0 | 28600 | 0 | 6500 |
| GMS Inc | COM | 36251C103 |  | 6599 | 132500 | SH |  | SOLE | 0 | 95300 | 0 | 37200 |
| FS Bancorp Inc | COM | 30263Y104 |  | 976 | 29200 | SH |  | SOLE | 0 | 26900 | 0 | 2300 |
| First Commonwealth Financial Corp | COM | 319829107 |  | 5905 | 422700 | SH |  | SOLE | 0 | 239000 | 0 | 183700 |
| Exelixis Inc | COM | 30161Q104 |  | 40303 | 2512683 | SH |  | SOLE | 0 | 1452028 | 0 | 1060655 |
| Energizer Holdings Inc | COM | 29272W109 |  | 79719 | 2376135 | SH |  | SOLE | 0 | 1768435 | 0 | 607700 |
| Eagle Bancorp Montana Inc | COM | 26942G100 |  | 226 | 14000 | SH |  | SOLE | 0 | 14000 | 0 | 0 |
| Delta Air Lines Inc | COM | 247361702 |  | 105160 | 3200234 | SH |  | SOLE | 0 | 2208934 | 0 | 991300 |
| Crescent Capital BDC Inc | COM | 225655109 |  | 93 | 7300 | SH |  | SOLE | 0 | 7300 | 0 | 0 |
| Comstock Resources Inc | COM | 205768302 |  | 5700 | 415774 | SH |  | SOLE | 0 | 181600 | 0 | 234174 |
| CNO Financial Group Inc | COM | 12621E103 |  | 115735 | 5064995 | SH |  | SOLE | 0 | 3424895 | 0 | 1640100 |
| Chevron Corp | COM | 166764100 |  | 48828 | 272038 | SH |  | SOLE | 0 | 25800 | 0 | 246238 |
| Carlyle Secured Lending Inc | COM | 872280102 |  | 12684 | 886372 | SH |  | SOLE | 0 | 504436 | 0 | 381936 |
| Business First Bancshares Inc | COM | 12326C105 |  | 1044 | 47170 | SH |  | SOLE | 0 | 12000 | 0 | 35170 |
| Boise Cascade Co | COM | 09739D100 |  | 15597 | 227132 | SH |  | SOLE | 0 | 222032 | 0 | 5100 |
| Bel Fuse Inc | COM | 077347300 |  | 7369 | 223841 | SH |  | SOLE | 0 | 64000 | 0 | 159841 |
| Banco do Brasil SA | COM | 059578104 |  | 845 | 128400 | SH |  | SOLE | 0 | 128400 | 0 | 0 |
| AT Inc | COM | 00206R102 |  | 501830 | 27258541 | SH |  | SOLE | 0 | 17387488 | 0 | 9871053 |
| AptarGroup Inc | COM | 038336103 |  | 689 | 6262 | SH |  | SOLE | 0 | 0 | 0 | 6262 |
| American National Bankshares Inc | COM | 027745108 |  | 686 | 18575 | SH |  | SOLE | 0 | 15875 | 0 | 2700 |
| Alpha  Omega Semiconductor Ltd | COM | G6331P104 |  | 10151 | 355300 | SH |  | SOLE | 0 | 272000 | 0 | 83300 |
| Academy Sports  Outdoors Inc | COM | 00402L107 |  | 66156 | 1259160 | SH |  | SOLE | 0 | 801260 | 0 | 457900 |
| Zions Bancorp NA | COM | 989701107 |  | 232010 | 4719478 | SH |  | SOLE | 0 | 3495462 | 0 | 1224016 |
| Werner Enterprises Inc | COM | 950755108 |  | 105676 | 2624843 | SH |  | SOLE | 0 | 1322913 | 0 | 1301930 |
| Vista Outdoor Inc | COM | 928377100 |  | 253 | 10400 | SH |  | SOLE | 0 | 10400 | 0 | 0 |
| Utah Medical Products Inc | COM | 917488108 |  | 1288 | 12814 | SH |  | SOLE | 0 | 5501 | 0 | 7313 |
| United Parcel Service Inc | COM | 911312106 |  | 52 | 300 | SH |  | SOLE | 0 | 300 | 0 | 0 |
| Triton International Ltd | COM | G9078F107 |  | 117532 | 1708810 | SH |  | SOLE | 0 | 1242978 | 0 | 465832 |
| Thermo Fisher Scientific Inc | COM | 883556102 |  | 661 | 1200 | SH |  | SOLE | 0 | 1200 | 0 | 0 |
| Synchrony Financial | COM | 87165B103 |  | 50290 | 1530431 | SH |  | SOLE | 0 | 1081500 | 0 | 448931 |
| Southern Missouri Bancorp Inc | COM | 843380106 |  | 60 | 1300 | SH |  | SOLE | 0 | 1300 | 0 | 0 |
| Silgan Holdings Inc | COM | 827048109 |  | 142230 | 2743636 | SH |  | SOLE | 0 | 1325191 | 0 | 1418445 |
| ScanSource Inc | COM | 806037107 |  | 17056 | 583693 | SH |  | SOLE | 0 | 286693 | 0 | 297000 |
| REV Group Inc | COM | 749527107 |  | 3616 | 286501 | SH |  | SOLE | 0 | 226701 | 0 | 59800 |
| Qurate Retail Inc | COM | 74915M100 |  | 9013 | 5529500 | SH |  | SOLE | 0 | 2990100 | 0 | 2539400 |
| Procter  Gamble Co/The | COM | 742718109 |  | 1076 | 7100 | SH |  | SOLE | 0 | 7100 | 0 | 0 |
| Pilgrim's Pride Corp | COM | 72147K108 |  | 16203 | 682801 | SH |  | SOLE | 0 | 452308 | 0 | 230493 |
| PDC Energy Inc | COM | 69327R101 |  | 61238 | 964688 | SH |  | SOLE | 0 | 574714 | 0 | 389974 |
| Otter Tail Corp | COM | 689648103 |  | 12154 | 207016 | SH |  | SOLE | 0 | 23300 | 0 | 183716 |
| Office Properties Income Trust | COM | 67623C109 |  | 26762 | 2004637 | SH |  | SOLE | 0 | 1390680 | 0 | 613957 |
| NL Industries Inc | COM | 629156407 |  | 210 | 30900 | SH |  | SOLE | 0 | 18800 | 0 | 12100 |
| National Western Life Group Inc | COM | 638517102 |  | 225 | 800 | SH |  | SOLE | 0 | 800 | 0 | 0 |
| Mohawk Industries Inc | COM | 608190104 |  | 17893 | 175040 | SH |  | SOLE | 0 | 129340 | 0 | 45700 |
| Merck  Co Inc | COM | 58933Y105 |  | 1100171 | 9915920 | SH |  | SOLE | 0 | 6337470 | 0 | 3578450 |
| Mastercard Inc | COM | 57636Q104 |  | 70 | 200 | SH |  | SOLE | 0 | 200 | 0 | 0 |
| LUKOIL PJSC | COM | 69343P105 |  | 0 | 1267608 | SH |  | SOLE | 0 | 1236808 | 0 | 30800 |
| Lamb Weston Holdings Inc | COM | 513272104 |  | 2532 | 28333 | SH |  | SOLE | 0 | 0 | 0 | 28333 |
| Kimball Electronics Inc | COM | 49428J109 |  | 15176 | 671806 | SH |  | SOLE | 0 | 277600 | 0 | 394206 |
| Jack Henry  Associates Inc | COM | 426281101 |  | 1920 | 10939 | SH |  | SOLE | 0 | 0 | 0 | 10939 |
| Ingredion Inc | COM | 457187102 |  | 253118 | 2584682 | SH |  | SOLE | 0 | 1700792 | 0 | 883890 |
| Honda Motor Co Ltd | COM | 438128308 |  | 11170 | 488642 | SH |  | SOLE | 0 | 38000 | 0 | 450642 |
| HCA Healthcare Inc | COM | 40412C101 |  | 290230 | 1209493 | SH |  | SOLE | 0 | 848483 | 0 | 361010 |
| Guaranty Bancshares Inc/TX | COM | 400764106 |  | 83 | 2400 | SH |  | SOLE | 0 | 2000 | 0 | 400 |
| Gladstone Commercial Corp | COM | 376536108 |  | 6360 | 343800 | SH |  | SOLE | 0 | 204200 | 0 | 139600 |
| Fox Corp | COM | 35137L105 |  | 249943 | 8229941 | SH |  | SOLE | 0 | 5516503 | 0 | 2713438 |
| First BanCorp/Puerto Rico | COM | 318672706 |  | 11682 | 918389 | SH |  | SOLE | 0 | 681542 | 0 | 236847 |
| Evergy Inc | COM | 30034W106 |  | 46970 | 746381 | SH |  | SOLE | 0 | 118800 | 0 | 627581 |
| Emergent BioSolutions Inc | COM | 29089Q105 |  | 1248 | 105676 | SH |  | SOLE | 0 | 86276 | 0 | 19400 |
| DTE Energy Co | COM | 233331107 |  | 8462 | 72000 | SH |  | SOLE | 0 | 4100 | 0 | 67900 |
| DaVita Inc | COM | 23918K108 |  | 151409 | 2027713 | SH |  | SOLE | 0 | 1486118 | 0 | 541595 |
| CRA International Inc | COM | 12618T105 |  | 1153 | 9418 | SH |  | SOLE | 0 | 7711 | 0 | 1707 |
| Community Trust Bancorp Inc | COM | 204149108 |  | 9071 | 197497 | SH |  | SOLE | 0 | 99920 | 0 | 97577 |
| Climb Global Solutions Inc | COM | 946760105 |  | 504 | 15997 | SH |  | SOLE | 0 | 12397 | 0 | 3600 |
| Chemours Co/The | COM | 163851108 |  | 90395 | 2952159 | SH |  | SOLE | 0 | 2178843 | 0 | 773316 |
| Capri Holdings Ltd | COM | G1890L107 |  | 14789 | 258000 | SH |  | SOLE | 0 | 189900 | 0 | 68100 |
| Buckle Inc/The | COM | 118440106 |  | 862 | 19000 | SH |  | SOLE | 0 | 6300 | 0 | 12700 |
| Bloomin' Brands Inc | COM | 094235108 |  | 72751 | 3615857 | SH |  | SOLE | 0 | 2133279 | 0 | 1482578 |
| Bassett Furniture Industries Inc | COM | 070203104 |  | 1865 | 107300 | SH |  | SOLE | 0 | 89700 | 0 | 17600 |
| Axis Capital Holdings Ltd | COM | G0692U109 |  | 37339 | 689300 | SH |  | SOLE | 0 | 545800 | 0 | 143500 |
| Associated Banc-Corp | COM | 045487105 |  | 59835 | 2591397 | SH |  | SOLE | 0 | 1655497 | 0 | 935900 |
| Apple Hospitality REIT Inc | COM | 03784Y200 |  | 45879 | 2907443 | SH |  | SOLE | 0 | 1916843 | 0 | 990600 |
| American Equity Investment Life Holding Co | COM | 025676206 |  | 17960 | 393682 | SH |  | SOLE | 0 | 219500 | 0 | 174182 |
| Allison Transmission Holdings Inc | COM | 01973R101 |  | 183551 | 4412294 | SH |  | SOLE | 0 | 2815621 | 0 | 1596673 |
| AbbVie Inc | COM | 00287Y109 |  | 281693 | 1743040 | SH |  | SOLE | 0 | 1100240 | 0 | 642800 |

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