# EDGAR Filing Document

**Accession Number:** 0001050470
**File Stem:** 0001050470-25-000010
**Filing Date:** 2025-8
**Character Count:** 86010
**Document Hash:** 655fb4cdecd6be27726f96a41051a286
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001050470-25-000010.hdr.sgml**: 20250811

**ACCESSION NUMBER**: 0001050470-25-000010

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

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250630

**FILED AS OF DATE**: 20250811

**DATE AS OF CHANGE**: 20250811

**EFFECTIVENESS DATE**: 20250811

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** LSV ASSET MANAGEMENT
- **CENTRAL INDEX KEY:** 0001050470

**ORGANIZATION NAME:**
- **EIN:** 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:** 251200978

**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:** 06-30-2025

**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, ID  08-11-2025<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:** 838

**Form 13F Information Table Value Total:** $427194

      (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 |
| ZoomInfo Technologies Inc | COM | 98980F104 |  | 46252 | 4570400 | SH |  | SOLE | 0 | 1970200 | 0 | 2600200 |
| Western Digital Corp | COM | 958102105 |  | 87929 | 1374100 | SH |  | SOLE | 0 | 924000 | 0 | 450100 |
| Vipshop Holdings Ltd | COM | 92763W103 |  | 74430 | 4945513 | SH |  | SOLE | 0 | 3253239 | 0 | 1692274 |
| Unum Group | COM | 91529Y106 |  | 221390 | 2741334 | SH |  | SOLE | 0 | 1787180 | 0 | 954154 |
| Uber Technologies Inc | COM | 90353T100 |  | 211 | 2260 | SH |  | SOLE | 0 | 2260 | 0 | 0 |
| Timberland Bancorp Inc/WA | COM | 887098101 |  | 303 | 9700 | SH |  | SOLE | 0 | 6800 | 0 | 2900 |
| Target Corp | COM | 87612E106 |  | 91624 | 928780 | SH |  | SOLE | 0 | 524280 | 0 | 404500 |
| Steel Dynamics Inc | COM | 858119100 |  | 124944 | 976050 | SH |  | SOLE | 0 | 732750 | 0 | 243300 |
| Sirius XM Holdings Inc | COM | 829933100 |  | 73357 | 3193600 | SH |  | SOLE | 0 | 2312700 | 0 | 880900 |
| ScanSource Inc | COM | 806037107 |  | 22521 | 538660 | SH |  | SOLE | 0 | 277360 | 0 | 261300 |
| Rio Tinto PLC | COM | 767204100 |  | 2747 | 47100 | SH |  | SOLE | 0 | 47100 | 0 | 0 |
| Radiant Logistics Inc | COM | 75025X100 |  | 75 | 12400 | SH |  | SOLE | 0 | 12400 | 0 | 0 |
| Primoris Services Corp | COM | 74164F103 |  | 21928 | 281339 | SH |  | SOLE | 0 | 182339 | 0 | 99000 |
| Phillips 66 | COM | 718546104 |  | 169958 | 1424626 | SH |  | SOLE | 0 | 1021046 | 0 | 403580 |
| Patrick Industries Inc | COM | 703343103 |  | 498 | 5402 | SH |  | SOLE | 0 | 3827 | 0 | 1575 |
| Optex Systems Holdings Inc | COM | 68384X209 |  | 63 | 5500 | SH |  | SOLE | 0 | 5500 | 0 | 0 |
| O-I Glass Inc | COM | 67098H104 |  | 25360 | 1720464 | SH |  | SOLE | 0 | 943630 | 0 | 776834 |
| Newell Brands Inc | COM | 651229106 |  | 258 | 47778 | SH |  | SOLE | 0 | 28478 | 0 | 19300 |
| Mohawk Industries Inc | COM | 608190104 |  | 12770 | 121800 | SH |  | SOLE | 0 | 79400 | 0 | 42400 |
| MetLife Inc | COM | 59156R108 |  | 134872 | 1677100 | SH |  | SOLE | 0 | 1082800 | 0 | 594300 |
| Marathon Petroleum Corp | COM | 56585A102 |  | 236730 | 1425140 | SH |  | SOLE | 0 | 1036830 | 0 | 388310 |
| Linde PLC | COM | G54950103 |  | 563 | 1200 | SH |  | SOLE | 0 | 1200 | 0 | 0 |
| Kite Realty Group Trust | COM | 49803T300 |  | 21241 | 937800 | SH |  | SOLE | 0 | 499600 | 0 | 438200 |
| JD.com Inc | COM | 47215P106 |  | 65 | 2000 | SH |  | SOLE | 0 | 2000 | 0 | 0 |
| Inmode Ltd | COM | M5425M103 |  | 28000 | 1939067 | SH |  | SOLE | 0 | 1289632 | 0 | 649435 |
| Home Bancorp Inc | COM | 43689E107 |  | 673 | 13000 | SH |  | SOLE | 0 | 10300 | 0 | 2700 |
| Harte Hanks Inc | COM | 416196202 |  | 51 | 12700 | SH |  | SOLE | 0 | 12700 | 0 | 0 |
| Griffon Corp | COM | 398433102 |  | 58286 | 805395 | SH |  | SOLE | 0 | 484867 | 0 | 320528 |
| Gladstone Commercial Corp | COM | 376536108 |  | 4832 | 337200 | SH |  | SOLE | 0 | 196400 | 0 | 140800 |
| Fresh Del Monte Produce Inc | COM | G36738105 |  | 46683 | 1439958 | SH |  | SOLE | 0 | 746841 | 0 | 693117 |
| First Commonwealth Financial Corp | COM | 319829107 |  | 4660 | 287100 | SH |  | SOLE | 0 | 194700 | 0 | 92400 |
| Exelixis Inc | COM | 30161Q104 |  | 344686 | 7820447 | SH |  | SOLE | 0 | 4578657 | 0 | 3241790 |
| EnerSys | COM | 29275Y102 |  | 3903 | 45500 | SH |  | SOLE | 0 | 35100 | 0 | 10400 |
| DXC Technology Co | COM | 23355L106 |  | 62091 | 4060898 | SH |  | SOLE | 0 | 2457487 | 0 | 1603411 |
| Dell Technologies Inc | COM | 24703L202 |  | 352764 | 2877360 | SH |  | SOLE | 0 | 1897420 | 0 | 979940 |
| Covenant Logistics Group Inc | COM | 22284P105 |  | 10435 | 432826 | SH |  | SOLE | 0 | 223822 | 0 | 209004 |
| Commercial Metals Co | COM | 201723103 |  | 13607 | 278200 | SH |  | SOLE | 0 | 139700 | 0 | 138500 |
| Civista Bancshares Inc | COM | 178867107 |  | 4402 | 189744 | SH |  | SOLE | 0 | 101326 | 0 | 88418 |
| Chatham Lodging Trust | COM | 16208T102 |  | 983 | 141062 | SH |  | SOLE | 0 | 131862 | 0 | 9200 |
| Cardinal Health Inc | COM | 14149Y108 |  | 164971 | 981970 | SH |  | SOLE | 0 | 605540 | 0 | 376430 |
| Business First Bancshares Inc | COM | 12326C105 |  | 778 | 31570 | SH |  | SOLE | 0 | 0 | 0 | 31570 |
| Boston Scientific Corp | COM | 101137107 |  | 451 | 4200 | SH |  | SOLE | 0 | 4200 | 0 | 0 |
| Belden Inc | COM | 077454106 |  | 5756 | 49710 | SH |  | SOLE | 0 | 27810 | 0 | 21900 |
| Banco Latinoamericano de Comercio Exterior SA | COM | P16994132 |  | 48918 | 1213835 | SH |  | SOLE | 0 | 698235 | 0 | 515600 |
| ARMOUR Residential REIT Inc | COM | 042315705 |  | 65 | 3860 | SH |  | SOLE | 0 | 3860 | 0 | 0 |
| Amneal Pharmaceuticals Inc | COM | 03168L105 |  | 1374 | 169900 | SH |  | SOLE | 0 | 169900 | 0 | 0 |
| Amazon.com Inc | COM | 023135106 |  | 211 | 960 | SH |  | SOLE | 0 | 960 | 0 | 0 |
| Advantage Solutions Inc | COM | 00791N102 |  | 107 | 80800 | SH |  | SOLE | 0 | 44900 | 0 | 35900 |
| 3M Co | COM | 88579Y101 |  | 472 | 3100 | SH |  | SOLE | 0 | 3100 | 0 | 0 |
| Zimmer Biomet Holdings Inc | COM | 98956P102 |  | 1497 | 16416 | SH |  | SOLE | 0 | 16416 | 0 | 0 |
| WesBanco Inc | COM | 950810101 |  | 788 | 24918 | SH |  | SOLE | 0 | 0 | 0 | 24918 |
| Victoria's Secret  Co | COM | 926400102 |  | 3190 | 172259 | SH |  | SOLE | 0 | 101759 | 0 | 70500 |
| Universal Insurance Holdings Inc | COM | 91359V107 |  | 8754 | 315702 | SH |  | SOLE | 0 | 174502 | 0 | 141200 |
| TTM Technologies Inc | COM | 87305R109 |  | 10405 | 254900 | SH |  | SOLE | 0 | 84500 | 0 | 170400 |
| Textron Inc | COM | 883203101 |  | 333470 | 4153321 | SH |  | SOLE | 0 | 2967471 | 0 | 1185850 |
| Taiwan Semiconductor Manufacturing Co Ltd | COM | 874039100 |  | 7180 | 31700 | SH |  | SOLE | 0 | 31700 | 0 | 0 |
| Spectrum Brands Holdings Inc | COM | 84790A105 |  | 32196 | 607480 | SH |  | SOLE | 0 | 375133 | 0 | 232347 |
| SIGA Technologies Inc | COM | 826917106 |  | 2484 | 380988 | SH |  | SOLE | 0 | 222200 | 0 | 158788 |
| SandRidge Energy Inc | COM | 80007P869 |  | 712 | 65800 | SH |  | SOLE | 0 | 43200 | 0 | 22600 |
| Rigel Pharmaceuticals Inc | COM | 766559702 |  | 1792 | 95700 | SH |  | SOLE | 0 | 83500 | 0 | 12200 |
| Quanex Building Products Corp | COM | 747619104 |  | 510 | 27000 | SH |  | SOLE | 0 | 19900 | 0 | 7100 |
| Prestige Consumer Healthcare Inc | COM | 74112D101 |  | 591 | 7400 | SH |  | SOLE | 0 | 5500 | 0 | 1900 |
| Pfizer Inc | COM | 717081103 |  | 391475 | 16149959 | SH |  | SOLE | 0 | 9934700 | 0 | 6215259 |
| Park Hotels  Resorts Inc | COM | 700517105 |  | 8588 | 839500 | SH |  | SOLE | 0 | 395800 | 0 | 443700 |
| OneSpan Inc | COM | 68287N100 |  | 12038 | 721249 | SH |  | SOLE | 0 | 324899 | 0 | 396350 |
| NRG Energy Inc | COM | 629377508 |  | 249541 | 1554000 | SH |  | SOLE | 0 | 1127200 | 0 | 426800 |
| Netflix Inc | COM | 64110L106 |  | 48 | 36 | SH |  | SOLE | 0 | 36 | 0 | 0 |
| Mitek Systems Inc | COM | 606710200 |  | 1270 | 128291 | SH |  | SOLE | 0 | 81491 | 0 | 46800 |
| Meritage Homes Corp | COM | 59001A102 |  | 27411 | 409300 | SH |  | SOLE | 0 | 132200 | 0 | 277100 |
| Malibu Boats Inc | COM | 56117J100 |  | 586 | 18700 | SH |  | SOLE | 0 | 8800 | 0 | 9900 |
| Liberty Energy Inc | COM | 53115L104 |  | 9217 | 802900 | SH |  | SOLE | 0 | 475000 | 0 | 327900 |
| Kilroy Realty Corp | COM | 49427F108 |  | 19625 | 572000 | SH |  | SOLE | 0 | 289200 | 0 | 282800 |
| Jackson Financial Inc | COM | 46817M107 |  | 74250 | 836238 | SH |  | SOLE | 0 | 553338 | 0 | 282900 |
| Information Services Group Inc | COM | 45675Y104 |  | 2153 | 448500 | SH |  | SOLE | 0 | 120300 | 0 | 328200 |
| HF Sinclair Corp | COM | 403949100 |  | 148773 | 3621551 | SH |  | SOLE | 0 | 2564543 | 0 | 1057008 |
| Hanover Insurance Group Inc/The | COM | 410867105 |  | 255 | 1500 | SH |  | SOLE | 0 | 1500 | 0 | 0 |
| Green Brick Partners Inc | COM | 392709101 |  | 1390 | 22100 | SH |  | SOLE | 0 | 16900 | 0 | 5200 |
| Genworth Financial Inc | COM | 37247D106 |  | 29797 | 3830000 | SH |  | SOLE | 0 | 1690800 | 0 | 2139200 |
| Fortinet Inc | COM | 34959E109 |  | 25 | 240 | SH |  | SOLE | 0 | 240 | 0 | 0 |
| First BanCorp/Puerto Rico | COM | 318672706 |  | 31705 | 1522104 | SH |  | SOLE | 0 | 938304 | 0 | 583800 |
| EVERI HOLDINGS INC | COM | 30034T103 |  | 152 | 10700 | SH |  | SOLE | 0 | 10700 | 0 | 0 |
| Employers Holdings Inc | COM | 292218104 |  | 48585 | 1029787 | SH |  | SOLE | 0 | 512777 | 0 | 517010 |
| Douglas Dynamics Inc | COM | 25960R105 |  | 2166 | 73503 | SH |  | SOLE | 0 | 67503 | 0 | 6000 |
| Dave  Buster's Entertainment Inc | COM | 238337109 |  | 12567 | 417786 | SH |  | SOLE | 0 | 118500 | 0 | 299286 |
| Costamare Inc | COM | Y1771G102 |  | 873 | 95800 | SH |  | SOLE | 0 | 1700 | 0 | 94100 |
| Columbus McKinnon Corp/NY | COM | 199333105 |  | 818 | 53600 | SH |  | SOLE | 0 | 39000 | 0 | 14600 |
| Citizens Financial Group Inc | COM | 174610105 |  | 293685 | 6562791 | SH |  | SOLE | 0 | 4540791 | 0 | 2022000 |
| Central Pacific Financial Corp | COM | 154760409 |  | 20325 | 725130 | SH |  | SOLE | 0 | 381330 | 0 | 343800 |
| Capital One Financial Corp | COM | 14040H105 |  | 10176 | 47828 | SH |  | SOLE | 0 | 43100 | 0 | 4728 |
| Builders FirstSource Inc | COM | 12008R107 |  | 52283 | 448053 | SH |  | SOLE | 0 | 268853 | 0 | 179200 |
| BlueLinx Holdings Inc | COM | 09624H208 |  | 1971 | 26500 | SH |  | SOLE | 0 | 5700 | 0 | 20800 |
| BCB Bancorp Inc | COM | 055298103 |  | 866 | 102800 | SH |  | SOLE | 0 | 52500 | 0 | 50300 |
| Axis Capital Holdings Ltd | COM | G0692U109 |  | 68988 | 664500 | SH |  | SOLE | 0 | 408600 | 0 | 255900 |
| Archer-Daniels-Midland Co | COM | 039483102 |  | 115499 | 2188303 | SH |  | SOLE | 0 | 1172477 | 0 | 1015826 |
| Ameriprise Financial Inc | COM | 03076C106 |  | 146279 | 274070 | SH |  | SOLE | 0 | 182150 | 0 | 91920 |
| Alpine Income Property Trust Inc | COM | 02083X103 |  | 694 | 47168 | SH |  | SOLE | 0 | 31900 | 0 | 15268 |
| ADT Inc | COM | 00090Q103 |  | 209439 | 24727193 | SH |  | SOLE | 0 | 14976216 | 0 | 9750977 |
| Xperi Inc | COM | 98423J101 |  | 468 | 59200 | SH |  | SOLE | 0 | 49400 | 0 | 9800 |
| Walt Disney Co/The | COM | 254687106 |  | 694 | 5600 | SH |  | SOLE | 0 | 5600 | 0 | 0 |
| Veritex Holdings Inc | COM | 923451108 |  | 22196 | 850431 | SH |  | SOLE | 0 | 270431 | 0 | 580000 |
| Uniti Group Inc | COM | 91325V108 |  | 27340 | 6328793 | SH |  | SOLE | 0 | 4095907 | 0 | 2232886 |
| TriMas Corp | COM | 896215209 |  | 498 | 17400 | SH |  | SOLE | 0 | 13100 | 0 | 4300 |
| Terex Corp | COM | 880779103 |  | 4366 | 93500 | SH |  | SOLE | 0 | 66900 | 0 | 26600 |
| T-Mobile US Inc | COM | 872590104 |  | 5952 | 24980 | SH |  | SOLE | 0 | 3680 | 0 | 21300 |
| Sonic Automotive Inc | COM | 83545G102 |  | 456 | 5700 | SH |  | SOLE | 0 | 3600 | 0 | 2100 |
| Shore Bancshares Inc | COM | 825107105 |  | 441 | 28071 | SH |  | SOLE | 0 | 17127 | 0 | 10944 |
| Safe Bulkers Inc | COM | Y7388L103 |  | 7404 | 2051018 | SH |  | SOLE | 0 | 1148218 | 0 | 902800 |
| Reliance Inc | COM | 759509102 |  | 1224 | 3900 | SH |  | SOLE | 0 | 3900 | 0 | 0 |
| Qorvo Inc | COM | 74736K101 |  | 117428 | 1382970 | SH |  | SOLE | 0 | 643757 | 0 | 739213 |
| Preferred Bank/Los Angeles CA | COM | 740367404 |  | 4634 | 53540 | SH |  | SOLE | 0 | 41300 | 0 | 12240 |
| Perdoceo Education Corp | COM | 71363P106 |  | 58928 | 1802622 | SH |  | SOLE | 0 | 1023613 | 0 | 779009 |
| Pacira BioSciences Inc | COM | 695127100 |  | 2275 | 95200 | SH |  | SOLE | 0 | 88900 | 0 | 6300 |
| Omega Healthcare Investors Inc | COM | 681936100 |  | 52479 | 1431900 | SH |  | SOLE | 0 | 983500 | 0 | 448400 |
| Northwest Bancshares Inc | COM | 667340103 |  | 1989 | 155600 | SH |  | SOLE | 0 | 114400 | 0 | 41200 |
| Navient Corp | COM | 63938C108 |  | 52369 | 3714138 | SH |  | SOLE | 0 | 2887838 | 0 | 826300 |
| Millrose Properties Inc | COM | 601137102 |  | 7083 | 248442 | SH |  | SOLE | 0 | 189661 | 0 | 58781 |
| Mercantile Bank Corp | COM | 587376104 |  | 14767 | 318186 | SH |  | SOLE | 0 | 204786 | 0 | 113400 |
| M/I Homes Inc | COM | 55305B101 |  | 2063 | 18400 | SH |  | SOLE | 0 | 8300 | 0 | 10100 |
| Lantheus Holdings Inc | COM | 516544103 |  | 23232 | 283800 | SH |  | SOLE | 0 | 149900 | 0 | 133900 |
| Kelly Services Inc | COM | 488152208 |  | 6573 | 561329 | SH |  | SOLE | 0 | 241900 | 0 | 319429 |
| J M Smucker Co/The | COM | 832696405 |  | 136672 | 1391770 | SH |  | SOLE | 0 | 889670 | 0 | 502100 |
| Incyte Corp | COM | 45337C102 |  | 262991 | 3861831 | SH |  | SOLE | 0 | 2542021 | 0 | 1319810 |
| Herbalife Ltd | COM | G4412G101 |  | 24597 | 2853531 | SH |  | SOLE | 0 | 1822741 | 0 | 1030790 |
| Hancock Whitney Corp | COM | 410120109 |  | 37152 | 647256 | SH |  | SOLE | 0 | 346356 | 0 | 300900 |
| Graham Holdings Co | COM | 384637104 |  | 662 | 700 | SH |  | SOLE | 0 | 0 | 0 | 700 |
| General Motors Co | COM | 37045V100 |  | 380781 | 7737871 | SH |  | SOLE | 0 | 5192711 | 0 | 2545160 |
| FNB Corp/PA | COM | 302520101 |  | 26947 | 1848200 | SH |  | SOLE | 0 | 1287200 | 0 | 561000 |
| Fifth Third Bancorp | COM | 316773100 |  | 82482 | 2005400 | SH |  | SOLE | 0 | 1372000 | 0 | 633400 |
| Euronet Worldwide Inc | COM | 298736109 |  | 1511 | 14900 | SH |  | SOLE | 0 | 14900 | 0 | 0 |
| Elevance Health Inc | COM | 036752103 |  | 350 | 900 | SH |  | SOLE | 0 | 900 | 0 | 0 |
| Docusign Inc | COM | 256163106 |  | 740 | 9500 | SH |  | SOLE | 0 | 9500 | 0 | 0 |
| Customers Bancorp Inc | COM | 23204G100 |  | 10544 | 179500 | SH |  | SOLE | 0 | 129000 | 0 | 50500 |
| Corebridge Financial Inc | COM | 21871X109 |  | 162842 | 4587100 | SH |  | SOLE | 0 | 3335200 | 0 | 1251900 |
| Collegium Pharmaceutical Inc | COM | 19459J104 |  | 10347 | 349900 | SH |  | SOLE | 0 | 110300 | 0 | 239600 |
| Cirrus Logic Inc | COM | 172755100 |  | 243705 | 2337584 | SH |  | SOLE | 0 | 1462518 | 0 | 875066 |
| Celanese Corp | COM | 150870103 |  | 509 | 9200 | SH |  | SOLE | 0 | 0 | 0 | 9200 |
| Canadian Tire Corp Ltd | COM | 136681202 |  | 175 | 1300 | SH |  | SOLE | 0 | 1300 | 0 | 0 |
| Brunswick Corp/DE | COM | 117043109 |  | 15495 | 280500 | SH |  | SOLE | 0 | 216400 | 0 | 64100 |
| BlackRock TCP Capital Corp | COM | 09259E108 |  | 2783 | 361470 | SH |  | SOLE | 0 | 198423 | 0 | 163047 |
| Bath  Body Works Inc | COM | 070830104 |  | 4601 | 153566 | SH |  | SOLE | 0 | 32566 | 0 | 121000 |
| Aviat Networks Inc | COM | 05366Y201 |  | 3332 | 138525 | SH |  | SOLE | 0 | 48100 | 0 | 90425 |
| Aptiv PLC | COM | G3265R107 |  | 1742 | 25532 | SH |  | SOLE | 0 | 25532 | 0 | 0 |
| American Public Education Inc | COM | 02913V103 |  | 6029 | 197931 | SH |  | SOLE | 0 | 81000 | 0 | 116931 |
| Ally Financial Inc | COM | 02005N100 |  | 83604 | 2146435 | SH |  | SOLE | 0 | 1653455 | 0 | 492980 |
| AdaptHealth Corp | COM | 00653Q102 |  | 448 | 47476 | SH |  | SOLE | 0 | 30600 | 0 | 16876 |
| Xenia Hotels  Resorts Inc | COM | 984017103 |  | 1261 | 100347 | SH |  | SOLE | 0 | 92447 | 0 | 7900 |
| WaFd Inc | COM | 938824109 |  | 9437 | 322300 | SH |  | SOLE | 0 | 165000 | 0 | 157300 |
| Valley National Bancorp | COM | 919794107 |  | 12786 | 1431810 | SH |  | SOLE | 0 | 810000 | 0 | 621810 |
| United Security Bancshares/Fresno CA | COM | 911460103 |  | 42 | 4900 | SH |  | SOLE | 0 | 4900 | 0 | 0 |
| Travelers Cos Inc/The | COM | 89417E109 |  | 508 | 1900 | SH |  | SOLE | 0 | 1900 | 0 | 0 |
| Tenet Healthcare Corp | COM | 88033G407 |  | 41518 | 235900 | SH |  | SOLE | 0 | 81500 | 0 | 154400 |
| Synchronoss Technologies Inc | COM | 87157B400 |  | 286 | 41700 | SH |  | SOLE | 0 | 34600 | 0 | 7100 |
| Snap-on Inc | COM | 833034101 |  | 126340 | 406003 | SH |  | SOLE | 0 | 303483 | 0 | 102520 |
| Shell PLC | COM | 780259305 |  | 1190 | 16900 | SH |  | SOLE | 0 | 900 | 0 | 16000 |
| Ryerson Holding Corp | COM | 783754104 |  | 2916 | 135170 | SH |  | SOLE | 0 | 114170 | 0 | 21000 |
| Regional Management Corp | COM | 75902K106 |  | 9817 | 336100 | SH |  | SOLE | 0 | 227300 | 0 | 108800 |
| PulteGroup Inc | COM | 745867101 |  | 306592 | 2907192 | SH |  | SOLE | 0 | 2019492 | 0 | 887700 |
| Polaris Inc | COM | 731068102 |  | 5898 | 145100 | SH |  | SOLE | 0 | 37100 | 0 | 108000 |
| Penske Automotive Group Inc | COM | 70959W103 |  | 139525 | 812087 | SH |  | SOLE | 0 | 580187 | 0 | 231900 |
| Owens Corning | COM | 690742101 |  | 198743 | 1445192 | SH |  | SOLE | 0 | 1016452 | 0 | 428740 |
| Old Republic International Corp | COM | 680223104 |  | 103877 | 2702316 | SH |  | SOLE | 0 | 1349065 | 0 | 1353251 |
| Northern Trust Corp | COM | 665859104 |  | 102191 | 805990 | SH |  | SOLE | 0 | 406490 | 0 | 399500 |
| Murphy Oil Corp | COM | 626717102 |  | 84414 | 3751712 | SH |  | SOLE | 0 | 2806960 | 0 | 944752 |
| Midland States Bancorp Inc | COM | 597742105 |  | 6325 | 365189 | SH |  | SOLE | 0 | 182410 | 0 | 182779 |
| McKesson Corp | COM | 58155Q103 |  | 1392 | 1900 | SH |  | SOLE | 0 | 1900 | 0 | 0 |
| Lument Finance Trust Inc | COM | 55025L108 |  | 145 | 65735 | SH |  | SOLE | 0 | 65735 | 0 | 0 |
| Ladder Capital Corp | COM | 505743104 |  | 6778 | 630500 | SH |  | SOLE | 0 | 188500 | 0 | 442000 |
| Kaspi.KZ JSC | COM | 48581R205 |  | 424 | 5000 | SH |  | SOLE | 0 | 5000 | 0 | 0 |
| Investar Holding Corp | COM | 46134L105 |  | 236 | 12200 | SH |  | SOLE | 0 | 5800 | 0 | 6400 |
| HSBC Holdings PLC | COM | 404280406 |  | 2590 | 42600 | SH |  | SOLE | 0 | 14400 | 0 | 28200 |
| Hello Group Inc | COM | 423403104 |  | 23348 | 2766395 | SH |  | SOLE | 0 | 2042011 | 0 | 724384 |
| Halozyme Therapeutics Inc | COM | 40637H109 |  | 65298 | 1255240 | SH |  | SOLE | 0 | 570329 | 0 | 684911 |
| Golub Capital BDC Inc | COM | 38173M102 |  | 17917 | 1223018 | SH |  | SOLE | 0 | 439600 | 0 | 783418 |
| Gen Digital Inc | COM | 668771108 |  | 253537 | 8623700 | SH |  | SOLE | 0 | 5215774 | 0 | 3407926 |
| Fiserv Inc | COM | 337738108 |  | 369 | 2140 | SH |  | SOLE | 0 | 2140 | 0 | 0 |
| FedEx Corp | COM | 31428X106 |  | 259850 | 1143153 | SH |  | SOLE | 0 | 756693 | 0 | 386460 |
| Espey Mfg.  Electronics Corp | COM | 296650104 |  | 160 | 3500 | SH |  | SOLE | 0 | 1800 | 0 | 1700 |
| Edison International | COM | 281020107 |  | 475 | 9200 | SH |  | SOLE | 0 | 9200 | 0 | 0 |
| Dime Community Bancshares Inc | COM | 25432X102 |  | 226 | 8400 | SH |  | SOLE | 0 | 0 | 0 | 8400 |
| CSX Corp | COM | 126408103 |  | 323 | 9900 | SH |  | SOLE | 0 | 9900 | 0 | 0 |
| Constellium SE | COM | F21107101 |  | 2484 | 186800 | SH |  | SOLE | 0 | 149300 | 0 | 37500 |
| Coca-Cola Consolidated Inc | COM | 191098102 |  | 10529 | 94300 | SH |  | SOLE | 0 | 80300 | 0 | 14000 |
| Chubb Ltd | COM | H1467J104 |  | 17731 | 61200 | SH |  | SOLE | 0 | 61200 | 0 | 0 |
| Caterpillar Inc | COM | 149123101 |  | 36220 | 93300 | SH |  | SOLE | 0 | 60500 | 0 | 32800 |
| California Resources Corp | COM | 13057Q305 |  | 24803 | 543100 | SH |  | SOLE | 0 | 293600 | 0 | 249500 |
| Brixmor Property Group Inc | COM | 11120U105 |  | 42281 | 1623700 | SH |  | SOLE | 0 | 1024000 | 0 | 599700 |
| Biogen Inc | COM | 09062X103 |  | 31644 | 251959 | SH |  | SOLE | 0 | 175639 | 0 | 76320 |
| Bar Harbor Bankshares | COM | 066849100 |  | 2223 | 74214 | SH |  | SOLE | 0 | 69514 | 0 | 4700 |
| Autoliv Inc | COM | 052800109 |  | 114147 | 1020082 | SH |  | SOLE | 0 | 572910 | 0 | 447172 |
| Apple Hospitality REIT Inc | COM | 03784Y200 |  | 31990 | 2741253 | SH |  | SOLE | 0 | 1513453 | 0 | 1227800 |
| American Electric Power Co Inc | COM | 025537101 |  | 6454 | 62200 | SH |  | SOLE | 0 | 11900 | 0 | 50300 |
| Albertsons Cos Inc | COM | 013091103 |  | 227542 | 10578407 | SH |  | SOLE | 0 | 6850707 | 0 | 3727700 |
| Accenture PLC | COM | G1151C101 |  | 299 | 1000 | SH |  | SOLE | 0 | 1000 | 0 | 0 |
| Winnebago Industries Inc | COM | 974637100 |  | 11151 | 384515 | SH |  | SOLE | 0 | 191150 | 0 | 193365 |
| Vontier Corp | COM | 928881101 |  | 55809 | 1512447 | SH |  | SOLE | 0 | 715076 | 0 | 797371 |
| Utah Medical Products Inc | COM | 917488108 |  | 738 | 12974 | SH |  | SOLE | 0 | 7115 | 0 | 5859 |
| United Fire Group Inc | COM | 910340108 |  | 1022 | 35616 | SH |  | SOLE | 0 | 35616 | 0 | 0 |
| TotalEnergies SE | COM | 89151E109 |  | 1664 | 27100 | SH |  | SOLE | 0 | 4500 | 0 | 22600 |
| TEGNA Inc | COM | 87901J105 |  | 125915 | 7512850 | SH |  | SOLE | 0 | 4473075 | 0 | 3039775 |
| Sun Country Airlines Holdings Inc | COM | 866683105 |  | 13208 | 1124078 | SH |  | SOLE | 0 | 636778 | 0 | 487300 |
| SLM Corp | COM | 78442P106 |  | 29767 | 907800 | SH |  | SOLE | 0 | 352200 | 0 | 555600 |
| Sealed Air Corp | COM | 81211K100 |  | 3143 | 101300 | SH |  | SOLE | 0 | 90500 | 0 | 10800 |
| RTX Corp | COM | 75513E101 |  | 569 | 3900 | SH |  | SOLE | 0 | 3900 | 0 | 0 |
| Ready Capital Corp | COM | 75574U101 |  | 364 | 83200 | SH |  | SOLE | 0 | 65200 | 0 | 18000 |
| ProPetro Holding Corp | COM | 74347M108 |  | 105 | 17600 | SH |  | SOLE | 0 | 9300 | 0 | 8300 |
| Pinnacle West Capital Corp | COM | 723484101 |  | 5753 | 64300 | SH |  | SOLE | 0 | 8000 | 0 | 56300 |
| Pediatrix Medical Group Inc | COM | 58502B106 |  | 4281 | 298304 | SH |  | SOLE | 0 | 240304 | 0 | 58000 |
| Otter Tail Corp | COM | 689648103 |  | 4602 | 59700 | SH |  | SOLE | 0 | 49000 | 0 | 10700 |
| Office Properties Income Trust | COM | 67623C109 |  | 19 | 78237 | SH |  | SOLE | 0 | 0 | 0 | 78237 |
| NL Industries Inc | COM | 629156407 |  | 184 | 28688 | SH |  | SOLE | 0 | 16588 | 0 | 12100 |
| Mr Cooper Group Inc | COM | 62482R107 |  | 67495 | 452350 | SH |  | SOLE | 0 | 330550 | 0 | 121800 |
| Microsoft Corp | COM | 594918104 |  | 281 | 564 | SH |  | SOLE | 0 | 564 | 0 | 0 |
| Mattel Inc | COM | 577081102 |  | 112397 | 5699638 | SH |  | SOLE | 0 | 3507338 | 0 | 2192300 |
| Loews Corp | COM | 540424108 |  | 12567 | 137100 | SH |  | SOLE | 0 | 10500 | 0 | 126600 |
| Kroger Co/The | COM | 501044101 |  | 502280 | 7002375 | SH |  | SOLE | 0 | 4465561 | 0 | 2536814 |
| JPMorgan Chase  Co | COM | 46625H100 |  | 199951 | 689700 | SH |  | SOLE | 0 | 578700 | 0 | 111000 |
| International Business Machines Corp | COM | 459200101 |  | 83200 | 282244 | SH |  | SOLE | 0 | 96424 | 0 | 185820 |
| Host Hotels  Resorts Inc | COM | 44107P104 |  | 132955 | 8655900 | SH |  | SOLE | 0 | 6321000 | 0 | 2334900 |
| Healthpeak Properties Inc | COM | 42250P103 |  | 2823 | 161212 | SH |  | SOLE | 0 | 120312 | 0 | 40900 |
| H Block Inc | COM | 093671105 |  | 88333 | 1609281 | SH |  | SOLE | 0 | 878761 | 0 | 730520 |
| GMS Inc | COM | 36251C103 |  | 67395 | 619720 | SH |  | SOLE | 0 | 483020 | 0 | 136700 |
| G-III Apparel Group Ltd | COM | 36237H101 |  | 19029 | 849501 | SH |  | SOLE | 0 | 426441 | 0 | 423060 |
| First Merchants Corp | COM | 320817109 |  | 27 | 715 | SH |  | SOLE | 0 | 0 | 0 | 715 |
| F5 Inc | COM | 315616102 |  | 18202 | 61844 | SH |  | SOLE | 0 | 14654 | 0 | 47190 |
| ePlus Inc | COM | 294268107 |  | 2062 | 28600 | SH |  | SOLE | 0 | 9400 | 0 | 19200 |
| eBay Inc | COM | 278642103 |  | 468524 | 6292296 | SH |  | SOLE | 0 | 3931956 | 0 | 2360340 |
| DHT Holdings Inc | COM | Y2065G121 |  | 11527 | 1066312 | SH |  | SOLE | 0 | 739812 | 0 | 326500 |
| Crown Crafts Inc | COM | 228309100 |  | 136 | 47286 | SH |  | SOLE | 0 | 34364 | 0 | 12922 |
| ConnectOne Bancorp Inc | COM | 20786W107 |  | 697 | 30100 | SH |  | SOLE | 0 | 30100 | 0 | 0 |
| CNO Financial Group Inc | COM | 12621E103 |  | 135140 | 3502849 | SH |  | SOLE | 0 | 2285067 | 0 | 1217782 |
| ChipMOS Technologies Inc | COM | 16965P202 |  | 123 | 6800 | SH |  | SOLE | 0 | 6800 | 0 | 0 |
| Cars.com Inc | COM | 14575E105 |  | 888 | 74900 | SH |  | SOLE | 0 | 26300 | 0 | 48600 |
| Cal-Maine Foods Inc | COM | 128030202 |  | 1564 | 15700 | SH |  | SOLE | 0 | 0 | 0 | 15700 |
| Brighthouse Financial Inc | COM | 10922N103 |  | 6851 | 127404 | SH |  | SOLE | 0 | 32604 | 0 | 94800 |
| BHP Group Ltd | COM | 088606108 |  | 3804 | 79100 | SH |  | SOLE | 0 | 79100 | 0 | 0 |
| Bank OZK | COM | 06417N103 |  | 22542 | 479006 | SH |  | SOLE | 0 | 427806 | 0 | 51200 |
| Associated Banc-Corp | COM | 045487105 |  | 93098 | 3817043 | SH |  | SOLE | 0 | 2565363 | 0 | 1251680 |
| APA Corp | COM | 03743Q108 |  | 50324 | 2751431 | SH |  | SOLE | 0 | 2162650 | 0 | 588781 |
| American Assets Trust Inc | COM | 024013104 |  | 37624 | 1904996 | SH |  | SOLE | 0 | 1243968 | 0 | 661028 |
| AGCO Corp | COM | 001084102 |  | 233180 | 2260368 | SH |  | SOLE | 0 | 1521683 | 0 | 738685 |
| ACADIA Pharmaceuticals Inc | COM | 004225108 |  | 4530 | 210000 | SH |  | SOLE | 0 | 28400 | 0 | 181600 |
| Weyco Group Inc | COM | 962149100 |  | 99 | 3000 | SH |  | SOLE | 0 | 0 | 0 | 3000 |
| Visa Inc | COM | 92826C839 |  | 55 | 156 | SH |  | SOLE | 0 | 156 | 0 | 0 |
| Upwork Inc | COM | 91688F104 |  | 87825 | 6534575 | SH |  | SOLE | 0 | 4445411 | 0 | 2089164 |
| Ultralife Corp | COM | 903899102 |  | 174 | 19400 | SH |  | SOLE | 0 | 19400 | 0 | 0 |
| Titan International Inc | COM | 88830M102 |  | 6250 | 608600 | SH |  | SOLE | 0 | 378800 | 0 | 229800 |
| TD SYNNEX Corp | COM | 87162W100 |  | 249276 | 1836962 | SH |  | SOLE | 0 | 1146799 | 0 | 690163 |
| Stifel Financial Corp | COM | 860630102 |  | 30418 | 293102 | SH |  | SOLE | 0 | 194433 | 0 | 98669 |
| SK Telecom Co Ltd | COM | 78440P306 |  | 6014 | 257568 | SH |  | SOLE | 0 | 154214 | 0 | 103354 |
| Scholastic Corp | COM | 807066105 |  | 566 | 27000 | SH |  | SOLE | 0 | 12400 | 0 | 14600 |
| RLJ Lodging Trust | COM | 74965L101 |  | 17208 | 2363749 | SH |  | SOLE | 0 | 962014 | 0 | 1401735 |
| Rayonier Advanced Materials Inc | COM | 75508B104 |  | 701 | 182100 | SH |  | SOLE | 0 | 182100 | 0 | 0 |
| Procter  Gamble Co/The | COM | 742718109 |  | 1290 | 8100 | SH |  | SOLE | 0 | 8100 | 0 | 0 |
| Photronics Inc | COM | 719405102 |  | 49106 | 2607874 | SH |  | SOLE | 0 | 1570235 | 0 | 1037639 |
| PayPal Holdings Inc | COM | 70450Y103 |  | 268199 | 3608701 | SH |  | SOLE | 0 | 2354551 | 0 | 1254150 |
| Organon  Co | COM | 68622V106 |  | 77338 | 7989460 | SH |  | SOLE | 0 | 4916927 | 0 | 3072533 |
| Oaktree Specialty Lending Corp | COM | 67401P405 |  | 4104 | 300403 | SH |  | SOLE | 0 | 144304 | 0 | 156099 |
| Newmont Corp | COM | 651639106 |  | 187206 | 3213279 | SH |  | SOLE | 0 | 2157579 | 0 | 1055700 |
| Morgan Stanley | COM | 617446448 |  | 1702 | 12080 | SH |  | SOLE | 0 | 12080 | 0 | 0 |
| MGIC Investment Corp | COM | 552848103 |  | 294651 | 10583726 | SH |  | SOLE | 0 | 6736550 | 0 | 3847176 |
| Matador Resources Co | COM | 576485205 |  | 159135 | 3334775 | SH |  | SOLE | 0 | 2135184 | 0 | 1199591 |
| LiveRamp Holdings Inc | COM | 53815P108 |  | 4916 | 148800 | SH |  | SOLE | 0 | 0 | 0 | 148800 |
| Koppers Holdings Inc | COM | 50060P106 |  | 26197 | 814831 | SH |  | SOLE | 0 | 636781 | 0 | 178050 |
| JELD-WEN Holding Inc | COM | 47580P103 |  | 603 | 153900 | SH |  | SOLE | 0 | 19900 | 0 | 134000 |
| Innoviva Inc | COM | 45781M101 |  | 805 | 40094 | SH |  | SOLE | 0 | 29694 | 0 | 10400 |
| Honeywell International Inc | COM | 438516106 |  | 442 | 1900 | SH |  | SOLE | 0 | 1900 | 0 | 0 |
| Haverty Furniture Cos Inc | COM | 419596101 |  | 10748 | 528170 | SH |  | SOLE | 0 | 273970 | 0 | 254200 |
| GSK PLC | COM | 37733W204 |  | 960 | 25000 | SH |  | SOLE | 0 | 7300 | 0 | 17700 |
| Global Net Lease Inc | COM | 379378201 |  | 413 | 54668 | SH |  | SOLE | 0 | 26465 | 0 | 28203 |
| FS Bancorp Inc | COM | 30263Y104 |  | 748 | 19000 | SH |  | SOLE | 0 | 15900 | 0 | 3100 |
| First Financial Corp | COM | 320218100 |  | 21391 | 394733 | SH |  | SOLE | 0 | 279733 | 0 | 115000 |
| Expedia Group Inc | COM | 30212P303 |  | 147061 | 871837 | SH |  | SOLE | 0 | 545897 | 0 | 325940 |
| Ennis Inc | COM | 293389102 |  | 9784 | 539380 | SH |  | SOLE | 0 | 276700 | 0 | 262680 |
| East West Bancorp Inc | COM | 27579R104 |  | 33202 | 328800 | SH |  | SOLE | 0 | 178900 | 0 | 149900 |
| Deluxe Corp | COM | 248019101 |  | 30388 | 1910025 | SH |  | SOLE | 0 | 1237325 | 0 | 672700 |
| Credicorp Ltd | COM | G2519Y108 |  | 17327 | 77517 | SH |  | SOLE | 0 | 39117 | 0 | 38400 |
| Community Trust Bancorp Inc | COM | 204149108 |  | 12644 | 238927 | SH |  | SOLE | 0 | 103480 | 0 | 135447 |
| CNA Financial Corp | COM | 126117100 |  | 40499 | 870392 | SH |  | SOLE | 0 | 708892 | 0 | 161500 |
| Chemung Financial Corp | COM | 164024101 |  | 649 | 13400 | SH |  | SOLE | 0 | 9600 | 0 | 3800 |
| Carlyle Secured Lending Inc | COM | 872280102 |  | 11773 | 860563 | SH |  | SOLE | 0 | 559364 | 0 | 301199 |
| C Financial Corp | COM | 12466Q104 |  | 2517 | 40767 | SH |  | SOLE | 0 | 27867 | 0 | 12900 |
| Braemar Hotels  Resorts Inc | COM | 10482B101 |  | 4548 | 1856381 | SH |  | SOLE | 0 | 651992 | 0 | 1204389 |
| Berkshire Hills Bancorp Inc | COM | 084680107 |  | 8606 | 343700 | SH |  | SOLE | 0 | 324800 | 0 | 18900 |
| Bank of New York Mellon Corp/The | COM | 064058100 |  | 570267 | 6259101 | SH |  | SOLE | 0 | 3955101 | 0 | 2304000 |
| Asbury Automotive Group Inc | COM | 043436104 |  | 883 | 3700 | SH |  | SOLE | 0 | 3700 | 0 | 0 |
| Amplify Energy Corp | COM | 03212B103 |  | 315 | 98400 | SH |  | SOLE | 0 | 75600 | 0 | 22800 |
| AMCOR PLC | COM | G0250X107 |  | 37 | 4000 | SH |  | SOLE | 0 | 0 | 0 | 4000 |
| Affiliated Managers Group Inc | COM | 008252108 |  | 93707 | 476224 | SH |  | SOLE | 0 | 310224 | 0 | 166000 |
| AbbVie Inc | COM | 00287Y109 |  | 520 | 2800 | SH |  | SOLE | 0 | 2800 | 0 | 0 |
| Zoom Communications Inc | COM | 98980L101 |  | 79451 | 1018861 | SH |  | SOLE | 0 | 588161 | 0 | 430700 |
| Western Alliance Bancorp | COM | 957638109 |  | 3423 | 43900 | SH |  | SOLE | 0 | 43900 | 0 | 0 |
| Village Super Market Inc | COM | 927107409 |  | 5085 | 132071 | SH |  | SOLE | 0 | 79771 | 0 | 52300 |
| Univest Financial Corp | COM | 915271100 |  | 448 | 14900 | SH |  | SOLE | 0 | 10700 | 0 | 4200 |
| Twilio Inc | COM | 90138F102 |  | 2728 | 21940 | SH |  | SOLE | 0 | 6240 | 0 | 15700 |
| Thermo Fisher Scientific Inc | COM | 883556102 |  | 365 | 900 | SH |  | SOLE | 0 | 900 | 0 | 0 |
| Tapestry Inc | COM | 876030107 |  | 16007 | 182293 | SH |  | SOLE | 0 | 149660 | 0 | 32633 |
| State Street Corp | COM | 857477103 |  | 499739 | 4699441 | SH |  | SOLE | 0 | 3211581 | 0 | 1487860 |
| Silgan Holdings Inc | COM | 827048109 |  | 8739 | 161300 | SH |  | SOLE | 0 | 87600 | 0 | 73700 |
| SB Financial Group Inc | COM | 78408D105 |  | 120 | 6300 | SH |  | SOLE | 0 | 6300 | 0 | 0 |
| Rimini Street Inc | COM | 76674Q107 |  | 342 | 90700 | SH |  | SOLE | 0 | 74000 | 0 | 16700 |
| Radian Group Inc | COM | 750236101 |  | 219999 | 6107685 | SH |  | SOLE | 0 | 3921755 | 0 | 2185930 |
| PrimeEnergy Resources Corp | COM | 74158E104 |  | 249 | 1700 | SH |  | SOLE | 0 | 1700 | 0 | 0 |
| Philip Morris International Inc | COM | 718172109 |  | 1238 | 6800 | SH |  | SOLE | 0 | 6800 | 0 | 0 |
| Parke Bancorp Inc | COM | 700885106 |  | 393 | 19315 | SH |  | SOLE | 0 | 19315 | 0 | 0 |
| Open Text Corp | COM | 683715106 |  | 161 | 5500 | SH |  | SOLE | 0 | 5500 | 0 | 0 |
| NWPX Infrastructure Inc | COM | 667746101 |  | 1066 | 26002 | SH |  | SOLE | 0 | 13702 | 0 | 12300 |
| New Mountain Finance Corp | COM | 647551100 |  | 29152 | 2763256 | SH |  | SOLE | 0 | 1355656 | 0 | 1407600 |
| Modiv Industrial Inc | COM | 60784B101 |  | 230 | 16300 | SH |  | SOLE | 0 | 16300 | 0 | 0 |
| Methode Electronics Inc | COM | 591520200 |  | 1599 | 168100 | SH |  | SOLE | 0 | 130700 | 0 | 37400 |
| ManpowerGroup Inc | COM | 56418H100 |  | 46310 | 1146292 | SH |  | SOLE | 0 | 643543 | 0 | 502749 |
| Lincoln National Corp | COM | 534187109 |  | 94672 | 2736180 | SH |  | SOLE | 0 | 1815722 | 0 | 920458 |
| Kimberly-Clark Corp | COM | 494368103 |  | 5221 | 40500 | SH |  | SOLE | 0 | 0 | 0 | 40500 |
| Jazz Pharmaceuticals PLC | COM | G50871105 |  | 271003 | 2553742 | SH |  | SOLE | 0 | 1728763 | 0 | 824979 |
| Ingredion Inc | COM | 457187102 |  | 274328 | 2022771 | SH |  | SOLE | 0 | 1253931 | 0 | 768840 |
| Hillenbrand Inc | COM | 431571108 |  | 5057 | 251960 | SH |  | SOLE | 0 | 172660 | 0 | 79300 |
| Harmony Biosciences Holdings Inc | COM | 413197104 |  | 47037 | 1488502 | SH |  | SOLE | 0 | 815742 | 0 | 672760 |
| Greif Inc | COM | 397624107 |  | 25730 | 395900 | SH |  | SOLE | 0 | 167900 | 0 | 228000 |
| Gilead Sciences Inc | COM | 375558103 |  | 500874 | 4517670 | SH |  | SOLE | 0 | 2780150 | 0 | 1737520 |
| Franklin BSP Realty Trust Inc | COM | 35243J101 |  | 281 | 26271 | SH |  | SOLE | 0 | 26271 | 0 | 0 |
| First Business Financial Services Inc | COM | 319390100 |  | 4358 | 86025 | SH |  | SOLE | 0 | 49525 | 0 | 36500 |
| EVERTEC Inc | COM | 30040P103 |  | 483 | 13400 | SH |  | SOLE | 0 | 0 | 0 | 13400 |
| Energizer Holdings Inc | COM | 29272W109 |  | 55665 | 2761148 | SH |  | SOLE | 0 | 1705871 | 0 | 1055277 |
| Dropbox Inc | COM | 26210C104 |  | 240483 | 8408502 | SH |  | SOLE | 0 | 5115954 | 0 | 3292548 |
| Deere  Co | COM | 244199105 |  | 559 | 1100 | SH |  | SOLE | 0 | 1100 | 0 | 0 |
| Cousins Properties Inc | COM | 222795502 |  | 34237 | 1140104 | SH |  | SOLE | 0 | 957060 | 0 | 183044 |
| Comerica Inc | COM | 200340107 |  | 31764 | 532500 | SH |  | SOLE | 0 | 305900 | 0 | 226600 |
| City Office REIT Inc | COM | 178587101 |  | 8448 | 1582009 | SH |  | SOLE | 0 | 1284019 | 0 | 297990 |
| Charles River Laboratories International Inc | COM | 159864107 |  | 2413 | 15900 | SH |  | SOLE | 0 | 10600 | 0 | 5300 |
| Capri Holdings Limited | COM | G1890L107 |  | 984 | 55609 | SH |  | SOLE | 0 | 42909 | 0 | 12700 |
| Burke  Herbert Financial Services Corp | COM | 12135Y108 |  | 968 | 16200 | SH |  | SOLE | 0 | 1500 | 0 | 14700 |
| BorgWarner Inc | COM | 099724106 |  | 193222 | 5771267 | SH |  | SOLE | 0 | 4013293 | 0 | 1757974 |
| Bel Fuse Inc | COM | 077347300 |  | 4210 | 43100 | SH |  | SOLE | 0 | 3000 | 0 | 40100 |
| Banco do Brasil SA | COM | 059578104 |  | 334 | 80800 | SH |  | SOLE | 0 | 80800 | 0 | 0 |
| Armada Hoffler Properties Inc | COM | 04208T108 |  | 2189 | 318704 | SH |  | SOLE | 0 | 301104 | 0 | 17600 |
| Amkor Technology Inc | COM | 031652100 |  | 101414 | 4831533 | SH |  | SOLE | 0 | 3023749 | 0 | 1807784 |
| Amalgamated Financial Corp | COM | 022671101 |  | 10039 | 321758 | SH |  | SOLE | 0 | 197878 | 0 | 123880 |
| AdvanSix Inc | COM | 00773T101 |  | 14956 | 629706 | SH |  | SOLE | 0 | 305600 | 0 | 324106 |
| Ziff Davis Inc | COM | 48123V102 |  | 13320 | 440026 | SH |  | SOLE | 0 | 191500 | 0 | 248526 |
| Wendy's Co/The | COM | 95058W100 |  | 112 | 9800 | SH |  | SOLE | 0 | 9800 | 0 | 0 |
| Viatris Inc | COM | 92556V106 |  | 69529 | 7785950 | SH |  | SOLE | 0 | 5744213 | 0 | 2041737 |
| Universal Health Services Inc | COM | 913903100 |  | 140105 | 773421 | SH |  | SOLE | 0 | 570912 | 0 | 202509 |
| Truist Financial Corp | COM | 89832Q109 |  | 49834 | 1159200 | SH |  | SOLE | 0 | 917300 | 0 | 241900 |
| Texas Instruments Inc | COM | 882508104 |  | 270 | 1300 | SH |  | SOLE | 0 | 1300 | 0 | 0 |
| Tactile Systems Technology Inc | COM | 87357P100 |  | 368 | 36300 | SH |  | SOLE | 0 | 9400 | 0 | 26900 |
| SpartanNash Co | COM | 847215100 |  | 28961 | 1093282 | SH |  | SOLE | 0 | 593944 | 0 | 499338 |
| Sierra Bancorp | COM | 82620P102 |  | 2880 | 97000 | SH |  | SOLE | 0 | 84700 | 0 | 12300 |
| Sandisk Corp/DE | COM | 80004C200 |  | 13599 | 299875 | SH |  | SOLE | 0 | 200152 | 0 | 99723 |
| REV Group Inc | COM | 749527107 |  | 21495 | 451667 | SH |  | SOLE | 0 | 179469 | 0 | 272198 |
| QUALCOMM Inc | COM | 747525103 |  | 532451 | 3343280 | SH |  | SOLE | 0 | 2101230 | 0 | 1242050 |
| Premier Inc | COM | 74051N102 |  | 33989 | 1549867 | SH |  | SOLE | 0 | 497100 | 0 | 1052767 |
| Petroleo Brasileiro SA - Petrobras | COM | 71654V408 |  | 275 | 22000 | SH |  | SOLE | 0 | 22000 | 0 | 0 |
| Paramount Group Inc. | COM | 69924R108 |  | 126 | 20600 | SH |  | SOLE | 0 | 20600 | 0 | 0 |
| OneMain Holdings Inc | COM | 68268W103 |  | 5432 | 95300 | SH |  | SOLE | 0 | 82000 | 0 | 13300 |
| NOV Inc | COM | 62955J103 |  | 27756 | 2233000 | SH |  | SOLE | 0 | 945600 | 0 | 1287400 |
| NetApp Inc | COM | 64110D104 |  | 57373 | 538463 | SH |  | SOLE | 0 | 320363 | 0 | 218100 |
| Mistras Group Inc | COM | 60649T107 |  | 409 | 51001 | SH |  | SOLE | 0 | 31501 | 0 | 19500 |
| Meridian Corp | COM | 58958P104 |  | 877 | 68056 | SH |  | SOLE | 0 | 46456 | 0 | 21600 |
| Magnera Corp | COM | 55939A107 |  | 6703 | 554844 | SH |  | SOLE | 0 | 316392 | 0 | 238452 |
| Lennar Corp | COM | 526057104 |  | 74483 | 673386 | SH |  | SOLE | 0 | 506324 | 0 | 167062 |
| KeyCorp | COM | 493267108 |  | 6482 | 372100 | SH |  | SOLE | 0 | 253000 | 0 | 119100 |
| Jack in the Box Inc | COM | 466367109 |  | 14709 | 842421 | SH |  | SOLE | 0 | 489382 | 0 | 353039 |
| Industrial Logistics Properties Trust | COM | 456237106 |  | 5527 | 1214750 | SH |  | SOLE | 0 | 626476 | 0 | 588274 |
| Hewlett Packard Enterprise Co | COM | 42824C109 |  | 259006 | 12665341 | SH |  | SOLE | 0 | 7685556 | 0 | 4979785 |
| Hanmi Financial Corp | COM | 410495204 |  | 34983 | 1417475 | SH |  | SOLE | 0 | 915875 | 0 | 501600 |
| Great Southern Bancorp Inc | COM | 390905107 |  | 6246 | 106259 | SH |  | SOLE | 0 | 74338 | 0 | 31921 |
| Genpact Ltd | COM | G3922B107 |  | 71592 | 1626718 | SH |  | SOLE | 0 | 1211918 | 0 | 414800 |
| Ford Motor Co | COM | 345370860 |  | 195724 | 18039047 | SH |  | SOLE | 0 | 11660147 | 0 | 6378900 |
| First Bancorp Inc/The | COM | 31866P102 |  | 1138 | 44798 | SH |  | SOLE | 0 | 1700 | 0 | 43098 |
| Evergy Inc | COM | 30034W106 |  | 17733 | 257266 | SH |  | SOLE | 0 | 22900 | 0 | 234366 |
| Emergent BioSolutions Inc | COM | 29089Q105 |  | 5203 | 815591 | SH |  | SOLE | 0 | 323491 | 0 | 492100 |
| Dollar Tree Inc | COM | 256746108 |  | 20363 | 205600 | SH |  | SOLE | 0 | 100000 | 0 | 105600 |
| Daktronics Inc | COM | 234264109 |  | 661 | 43700 | SH |  | SOLE | 0 | 37800 | 0 | 5900 |
| Costamare Bulkers Holdings Ltd | COM | Y2001C101 |  | 102 | 11740 | SH |  | SOLE | 0 | 0 | 0 | 11740 |
| Columbia Banking System Inc | COM | 197236102 |  | 30568 | 1307443 | SH |  | SOLE | 0 | 647143 | 0 | 660300 |
| Citigroup Inc | COM | 172967424 |  | 536414 | 6301862 | SH |  | SOLE | 0 | 4215104 | 0 | 2086758 |
| Central Garden  Pet Co | COM | 153527205 |  | 14011 | 447767 | SH |  | SOLE | 0 | 201727 | 0 | 246040 |
| Capital Bancorp Inc | COM | 139737100 |  | 416 | 12400 | SH |  | SOLE | 0 | 7500 | 0 | 4900 |
| Build-A-Bear Workshop Inc | COM | 120076104 |  | 8306 | 161100 | SH |  | SOLE | 0 | 61000 | 0 | 100100 |
| Blue Owl Capital Corp | COM | 69121K104 |  | 53773 | 3749847 | SH |  | SOLE | 0 | 2528447 | 0 | 1221400 |
| BayCom Corp | COM | 07272M107 |  | 2444 | 88211 | SH |  | SOLE | 0 | 50211 | 0 | 38000 |
| Avnet Inc | COM | 053807103 |  | 141613 | 2667923 | SH |  | SOLE | 0 | 1428332 | 0 | 1239591 |
| ArcBest Corp | COM | 03937C105 |  | 36352 | 472049 | SH |  | SOLE | 0 | 260909 | 0 | 211140 |
| American Woodmark Corp | COM | 030506109 |  | 16713 | 313162 | SH |  | SOLE | 0 | 155390 | 0 | 157772 |
| Alphabet Inc | COM | 02079K305 |  | 112113 | 636172 | SH |  | SOLE | 0 | 320412 | 0 | 315760 |
| Adobe Inc | COM | 00724F101 |  | 28 | 72 | SH |  | SOLE | 0 | 72 | 0 | 0 |
| XP Inc | COM | G98239109 |  | 416 | 20600 | SH |  | SOLE | 0 | 0 | 0 | 20600 |
| Walmart Inc | COM | 931142103 |  | 1647 | 16840 | SH |  | SOLE | 0 | 16840 | 0 | 0 |
| Verint Systems Inc | COM | 92343X100 |  | 7556 | 384134 | SH |  | SOLE | 0 | 180934 | 0 | 203200 |
| UnitedHealth Group Inc | COM | 91324P102 |  | 1111 | 3560 | SH |  | SOLE | 0 | 3560 | 0 | 0 |
| Tri Pointe Homes Inc | COM | 87265H109 |  | 54769 | 1714202 | SH |  | SOLE | 0 | 1307202 | 0 | 407000 |
| Teradata Corp | COM | 88076W103 |  | 43047 | 1929495 | SH |  | SOLE | 0 | 965952 | 0 | 963543 |
| Synovus Financial Corp | COM | 87161C501 |  | 28521 | 551137 | SH |  | SOLE | 0 | 291700 | 0 | 259437 |
| Solventum Corp | COM | 83444M101 |  | 573 | 7561 | SH |  | SOLE | 0 | 2836 | 0 | 4725 |
| Shoe Carnival Inc | COM | 824889109 |  | 6285 | 335918 | SH |  | SOLE | 0 | 137718 | 0 | 198200 |
| Sabra Health Care REIT Inc | COM | 78573L106 |  | 69561 | 3772315 | SH |  | SOLE | 0 | 2483104 | 0 | 1289211 |
| Reinsurance Group of America Inc | COM | 759351604 |  | 34714 | 175004 | SH |  | SOLE | 0 | 131606 | 0 | 43398 |
| PVH Corp | COM | 693656100 |  | 91129 | 1328416 | SH |  | SOLE | 0 | 913213 | 0 | 415203 |
| Portland General Electric Co | COM | 736508847 |  | 22064 | 543047 | SH |  | SOLE | 0 | 230400 | 0 | 312647 |
| Peoples Bancorp of North Carolina Inc | COM | 710577107 |  | 101 | 3500 | SH |  | SOLE | 0 | 3500 | 0 | 0 |
| PACCAR Inc | COM | 693718108 |  | 11559 | 121600 | SH |  | SOLE | 0 | 100300 | 0 | 21300 |
| Olympic Steel Inc | COM | 68162K106 |  | 1209 | 37100 | SH |  | SOLE | 0 | 37100 | 0 | 0 |
| Northrop Grumman Corp | COM | 666807102 |  | 10750 | 21500 | SH |  | SOLE | 0 | 0 | 0 | 21500 |
| National Fuel Gas Co | COM | 636180101 |  | 168077 | 1984150 | SH |  | SOLE | 0 | 1192050 | 0 | 792100 |
| Millicom International Cellular SA | COM | L6388F110 |  | 2929 | 78180 | SH |  | SOLE | 0 | 78180 | 0 | 0 |
| Medtronic PLC | COM | G5960L103 |  | 933 | 10700 | SH |  | SOLE | 0 | 10700 | 0 | 0 |
| M Bank Corp | COM | 55261F104 |  | 55413 | 285650 | SH |  | SOLE | 0 | 214850 | 0 | 70800 |
| Landmark Bancorp Inc/Manhattan KS | COM | 51504L107 |  | 171 | 6466 | SH |  | SOLE | 0 | 6466 | 0 | 0 |
| KB Home | COM | 48666K109 |  | 55799 | 1053400 | SH |  | SOLE | 0 | 649700 | 0 | 403700 |
| Ituran Location and Control Ltd | COM | M6158M104 |  | 2964 | 76538 | SH |  | SOLE | 0 | 76538 | 0 | 0 |
| IBEX Holdings Ltd | COM | G4690M101 |  | 666 | 22900 | SH |  | SOLE | 0 | 8400 | 0 | 14500 |
| Henry Schein Inc | COM | 806407102 |  | 175 | 2400 | SH |  | SOLE | 0 | 2400 | 0 | 0 |
| Hamilton Beach Brands Holding Co | COM | 40701T104 |  | 503 | 28117 | SH |  | SOLE | 0 | 22398 | 0 | 5719 |
| Goodyear Tire  Rubber Co/The | COM | 382550101 |  | 52629 | 5075147 | SH |  | SOLE | 0 | 2850948 | 0 | 2224199 |
| General Mills Inc | COM | 370334104 |  | 182680 | 3525969 | SH |  | SOLE | 0 | 2097100 | 0 | 1428869 |
| Flexsteel Industries Inc | COM | 339382103 |  | 674 | 18700 | SH |  | SOLE | 0 | 10500 | 0 | 8200 |
| Fidelity National Financial Inc | COM | 31620R303 |  | 6071 | 108300 | SH |  | SOLE | 0 | 102100 | 0 | 6200 |
| Ethan Allen Interiors Inc | COM | 297602104 |  | 16203 | 581800 | SH |  | SOLE | 0 | 401200 | 0 | 180600 |
| Electronic Arts Inc | COM | 285512109 |  | 9317 | 58340 | SH |  | SOLE | 0 | 11940 | 0 | 46400 |
| DNOW Inc | COM | 67011P100 |  | 11839 | 798300 | SH |  | SOLE | 0 | 332400 | 0 | 465900 |
| Cummins Inc | COM | 231021106 |  | 335583 | 1024681 | SH |  | SOLE | 0 | 651801 | 0 | 372880 |
| Core Natural Resources Inc | COM | 218937100 |  | 13196 | 189224 | SH |  | SOLE | 0 | 106079 | 0 | 83145 |
| Cognizant Technology Solutions Corp | COM | 192446102 |  | 130917 | 1677779 | SH |  | SOLE | 0 | 657911 | 0 | 1019868 |
| CION Investment Corp | COM | 17259U204 |  | 1786 | 186600 | SH |  | SOLE | 0 | 130300 | 0 | 56300 |
| CBL  Associates Properties Inc | COM | 124830878 |  | 1310 | 51600 | SH |  | SOLE | 0 | 45500 | 0 | 6100 |
| Canadian Imperial Bank of Commerce | COM | 136069101 |  | 184 | 2600 | SH |  | SOLE | 0 | 2600 | 0 | 0 |
| Broadstone Net Lease Inc | COM | 11135E203 |  | 15668 | 976200 | SH |  | SOLE | 0 | 616600 | 0 | 359600 |
| Blackrock Inc | COM | 09290D101 |  | 315 | 300 | SH |  | SOLE | 0 | 300 | 0 | 0 |
| Bassett Furniture Industries Inc | COM | 070203104 |  | 641 | 42200 | SH |  | SOLE | 0 | 28500 | 0 | 13700 |
| Avanos Medical Inc | COM | 05350V106 |  | 915 | 74793 | SH |  | SOLE | 0 | 36193 | 0 | 38600 |
| Applied Materials Inc | COM | 038222105 |  | 302201 | 1650742 | SH |  | SOLE | 0 | 1035432 | 0 | 615310 |
| American International Group Inc | COM | 026874784 |  | 336928 | 3936540 | SH |  | SOLE | 0 | 2685550 | 0 | 1250990 |
| Allstate Corp/The | COM | 020002101 |  | 221 | 1100 | SH |  | SOLE | 0 | 1100 | 0 | 0 |
| ACM Research Inc | COM | 00108J109 |  | 11523 | 444900 | SH |  | SOLE | 0 | 42800 | 0 | 402100 |
| World Kinect Corp | COM | 981475106 |  | 46416 | 1637239 | SH |  | SOLE | 0 | 1044295 | 0 | 592944 |
| Wabash National Corp | COM | 929566107 |  | 10110 | 951106 | SH |  | SOLE | 0 | 444731 | 0 | 506375 |
| Valero Energy Corp | COM | 91913Y100 |  | 182030 | 1354190 | SH |  | SOLE | 0 | 968730 | 0 | 385460 |
| United Parks  Resorts Inc | COM | 81282V100 |  | 2447 | 51900 | SH |  | SOLE | 0 | 46100 | 0 | 5800 |
| Travel Leisure Co | COM | 894164102 |  | 83371 | 1615402 | SH |  | SOLE | 0 | 996620 | 0 | 618782 |
| Tencent Music Entertainment Group | COM | 88034P109 |  | 20997 | 1077300 | SH |  | SOLE | 0 | 624500 | 0 | 452800 |
| Sylvamo Corp | COM | 871332102 |  | 85806 | 1712697 | SH |  | SOLE | 0 | 1038418 | 0 | 674279 |
| SMART GLOBAL HOLDINGS INC | COM | G8232Y101 |  | 2577 | 130100 | SH |  | SOLE | 0 | 84600 | 0 | 45500 |
| Service Properties Trust | COM | 81761L102 |  | 7352 | 3076285 | SH |  | SOLE | 0 | 2216785 | 0 | 859500 |
| Ryder System Inc | COM | 783549108 |  | 229781 | 1445162 | SH |  | SOLE | 0 | 960917 | 0 | 484245 |
| Redwood Trust Inc | COM | 758075402 |  | 10475 | 1772345 | SH |  | SOLE | 0 | 1193661 | 0 | 578684 |
| Prudential Financial Inc | COM | 744320102 |  | 33080 | 307897 | SH |  | SOLE | 0 | 154200 | 0 | 153697 |
| PNC Financial Services Group Inc/The | COM | 693475105 |  | 3989 | 21400 | SH |  | SOLE | 0 | 21400 | 0 | 0 |
| PennyMac Financial Services Inc | COM | 70932M107 |  | 149 | 1500 | SH |  | SOLE | 0 | 1500 | 0 | 0 |
| Ovintiv Inc | COM | 69047Q102 |  | 8784 | 230849 | SH |  | SOLE | 0 | 192649 | 0 | 38200 |
| OFS Capital Corp | COM | 67103B100 |  | 109 | 12900 | SH |  | SOLE | 0 | 0 | 0 | 12900 |
| Northeast Community Bancorp Inc | COM | 664121100 |  | 6901 | 296896 | SH |  | SOLE | 0 | 156858 | 0 | 140038 |
| Mueller Industries Inc | COM | 624756102 |  | 153649 | 1933418 | SH |  | SOLE | 0 | 1345051 | 0 | 588367 |
| MidCap Financial Investment Corp | COM | 03761U502 |  | 1323 | 104866 | SH |  | SOLE | 0 | 59500 | 0 | 45366 |
| McDonald's Corp | COM | 580135101 |  | 701 | 2400 | SH |  | SOLE | 0 | 2400 | 0 | 0 |
| LUKOIL PJSC | COM | 69343P105 |  | 0 | 1158108 | SH |  | SOLE | 0 | 947596 | 0 | 210512 |
| La-Z-Boy Inc | COM | 505336107 |  | 57487 | 1546599 | SH |  | SOLE | 0 | 953429 | 0 | 593170 |
| Karat Packaging Inc | COM | 48563L101 |  | 1547 | 54942 | SH |  | SOLE | 0 | 26600 | 0 | 28342 |
| Invesco Mortgage Capital Inc | COM | 46131B704 |  | 640 | 81607 | SH |  | SOLE | 0 | 12847 | 0 | 68760 |
| HQ Sustainable Maritime Industries Inc | COM | 40426A208 |  | 0 | 25900 | SH |  | SOLE | 0 | 2100 | 0 | 23800 |
| Helen of Troy Ltd | COM | G4388N106 |  | 2182 | 76892 | SH |  | SOLE | 0 | 32197 | 0 | 44695 |
| Halliburton Co | COM | 406216101 |  | 128830 | 6321400 | SH |  | SOLE | 0 | 4474300 | 0 | 1847100 |
| Goldman Sachs Group Inc/The | COM | 38141G104 |  | 360785 | 509764 | SH |  | SOLE | 0 | 337964 | 0 | 171800 |
| Gates Industrial Corp PLC | COM | G39108108 |  | 83510 | 3626126 | SH |  | SOLE | 0 | 1946891 | 0 | 1679235 |
| First United Corp | COM | 33741H107 |  | 493 | 15900 | SH |  | SOLE | 0 | 12000 | 0 | 3900 |
| Federated Hermes Inc | COM | 314211103 |  | 87139 | 1966142 | SH |  | SOLE | 0 | 1119979 | 0 | 846163 |
| Equitable Holdings Inc | COM | 29452E101 |  | 14227 | 253600 | SH |  | SOLE | 0 | 201100 | 0 | 52500 |
| Edgewell Personal Care Co | COM | 28035Q102 |  | 31488 | 1345054 | SH |  | SOLE | 0 | 1003554 | 0 | 341500 |
| Dick's Sporting Goods Inc | COM | 253393102 |  | 117471 | 593860 | SH |  | SOLE | 0 | 375760 | 0 | 218100 |
| CSG Systems International Inc | COM | 126349109 |  | 91152 | 1395688 | SH |  | SOLE | 0 | 852443 | 0 | 543245 |
| Consensus Cloud Solutions Inc | COM | 20848V105 |  | 8590 | 372501 | SH |  | SOLE | 0 | 208699 | 0 | 163802 |
| Coca-Cola Co/The | COM | 191216100 |  | 304 | 4300 | SH |  | SOLE | 0 | 4300 | 0 | 0 |
| Chromcraft Revington Inc. | COM | 171ESC106 |  | 1 | 6600 | SH |  | SOLE | 0 | 1300 | 0 | 5300 |
| Catalyst Pharmaceuticals Inc | COM | 14888U101 |  | 12536 | 577700 | SH |  | SOLE | 0 | 297600 | 0 | 280100 |
| Caleres Inc | COM | 129500104 |  | 820 | 67100 | SH |  | SOLE | 0 | 2900 | 0 | 64200 |
| Bristol-Myers Squibb Co | COM | 110122108 |  | 376400 | 8131353 | SH |  | SOLE | 0 | 4888769 | 0 | 3242584 |
| BigCommerce Holdings Inc | COM | 08975P108 |  | 252 | 50400 | SH |  | SOLE | 0 | 36400 | 0 | 14000 |
| Bankwell Financial Group Inc | COM | 06654A103 |  | 3826 | 106194 | SH |  | SOLE | 0 | 61394 | 0 | 44800 |
| Atkore Inc | COM | 047649108 |  | 62634 | 887800 | SH |  | SOLE | 0 | 514500 | 0 | 373300 |
| Apollo Commercial Real Estate Finance Inc | COM | 03762U105 |  | 1836 | 189682 | SH |  | SOLE | 0 | 105582 | 0 | 84100 |
| American Eagle Outfitters Inc | COM | 02553E106 |  | 4907 | 510100 | SH |  | SOLE | 0 | 336900 | 0 | 173200 |
| Alaska Air Group Inc | COM | 011659109 |  | 965 | 19499 | SH |  | SOLE | 0 | 0 | 0 | 19499 |
| Accel Entertainment Inc | COM | 00436Q106 |  | 260 | 22100 | SH |  | SOLE | 0 | 12400 | 0 | 9700 |
| WhiteHorse Finance Inc | COM | 96524V106 |  | 86 | 9900 | SH |  | SOLE | 0 | 9900 | 0 | 0 |
| Vistra Corp | COM | 92840M102 |  | 1395 | 7200 | SH |  | SOLE | 0 | 7200 | 0 | 0 |
| US Bancorp | COM | 902973304 |  | 18905 | 417800 | SH |  | SOLE | 0 | 417800 | 0 | 0 |
| United Airlines Holdings Inc | COM | 910047109 |  | 206212 | 2589625 | SH |  | SOLE | 0 | 1743585 | 0 | 846040 |
| Tompkins Financial Corp | COM | 890110109 |  | 1704 | 27170 | SH |  | SOLE | 0 | 27170 | 0 | 0 |
| Teekay Corp Ltd | COM | G8726T105 |  | 1097 | 132936 | SH |  | SOLE | 0 | 118036 | 0 | 14900 |
| Summit Hotel Properties Inc | COM | 866082100 |  | 1650 | 324100 | SH |  | SOLE | 0 | 324100 | 0 | 0 |
| Skyworks Solutions Inc | COM | 83088M102 |  | 124931 | 1676470 | SH |  | SOLE | 0 | 1050500 | 0 | 625970 |
| Scorpio Tankers Inc | COM | Y7542C130 |  | 69855 | 1785211 | SH |  | SOLE | 0 | 1159467 | 0 | 625744 |
| RPC Inc | COM | 749660106 |  | 507 | 107200 | SH |  | SOLE | 0 | 72300 | 0 | 34900 |
| RCM Technologies Inc | COM | 749360400 |  | 814 | 34530 | SH |  | SOLE | 0 | 31130 | 0 | 3400 |
| Progress Software Corp | COM | 743312100 |  | 8165 | 127900 | SH |  | SOLE | 0 | 800 | 0 | 127100 |
| Pinnacle Airlines Corp | COM | 723443107 |  | 0 | 9400 | SH |  | SOLE | 0 | 0 | 0 | 9400 |
| Peabody Energy Corp | COM | 704551100 |  | 7831 | 583539 | SH |  | SOLE | 0 | 420739 | 0 | 162800 |
| Oshkosh Corp | COM | 688239201 |  | 211687 | 1864424 | SH |  | SOLE | 0 | 1171474 | 0 | 692950 |
| ODP Corp/The | COM | 88337F105 |  | 25813 | 1423757 | SH |  | SOLE | 0 | 808077 | 0 | 615680 |
| Nexstar Media Group Inc | COM | 65336K103 |  | 206494 | 1193951 | SH |  | SOLE | 0 | 787306 | 0 | 406645 |
| Movado Group Inc | COM | 624580106 |  | 2533 | 166100 | SH |  | SOLE | 0 | 80400 | 0 | 85700 |
| Micron Technology Inc | COM | 595112103 |  | 42272 | 342980 | SH |  | SOLE | 0 | 185880 | 0 | 157100 |
| Matson Inc | COM | 57686G105 |  | 35345 | 317422 | SH |  | SOLE | 0 | 204582 | 0 | 112840 |
| Lockheed Martin Corp | COM | 539830109 |  | 270666 | 584416 | SH |  | SOLE | 0 | 370686 | 0 | 213730 |
| Kraft Heinz Co/The | COM | 500754106 |  | 217710 | 8431829 | SH |  | SOLE | 0 | 5196572 | 0 | 3235257 |
| JOYY Inc | COM | 46591M109 |  | 17783 | 349299 | SH |  | SOLE | 0 | 201557 | 0 | 147742 |
| Interface Inc | COM | 458665304 |  | 18176 | 868406 | SH |  | SOLE | 0 | 384706 | 0 | 483700 |
| Horizon Bancorp Inc/IN | COM | 440407104 |  | 10836 | 704573 | SH |  | SOLE | 0 | 489873 | 0 | 214700 |
| HCA Healthcare Inc | COM | 40412C101 |  | 332856 | 868849 | SH |  | SOLE | 0 | 570369 | 0 | 298480 |
| Gulfport Energy Corp | COM | 402635502 |  | 15483 | 76965 | SH |  | SOLE | 0 | 44665 | 0 | 32300 |
| Globe Life Inc | COM | 37959E102 |  | 7094 | 57080 | SH |  | SOLE | 0 | 41280 | 0 | 15800 |
| Fulton Financial Corp | COM | 360271100 |  | 16008 | 887375 | SH |  | SOLE | 0 | 432700 | 0 | 454675 |
| First Internet Bancorp | COM | 320557101 |  | 1044 | 38800 | SH |  | SOLE | 0 | 38800 | 0 | 0 |
| Exxon Mobil Corp | COM | 30231G102 |  | 241736 | 2242452 | SH |  | SOLE | 0 | 1630352 | 0 | 612100 |
| EOG Resources Inc | COM | 26875P101 |  | 85616 | 715790 | SH |  | SOLE | 0 | 575090 | 0 | 140700 |
| Eastman Chemical Co | COM | 277432100 |  | 89703 | 1201482 | SH |  | SOLE | 0 | 838170 | 0 | 363312 |
| Devon Energy Corp | COM | 25179M103 |  | 12244 | 384900 | SH |  | SOLE | 0 | 239900 | 0 | 145000 |
| Crocs Inc | COM | 227046109 |  | 108686 | 1073120 | SH |  | SOLE | 0 | 631620 | 0 | 441500 |
| Concentrix Corp | COM | 20602D101 |  | 9897 | 187251 | SH |  | SOLE | 0 | 75132 | 0 | 112119 |
| CNH Industrial NV | COM | N20944109 |  | 211113 | 16289608 | SH |  | SOLE | 0 | 12155808 | 0 | 4133800 |
| Chimera Investment Corp | COM | 16934Q802 |  | 21130 | 1523435 | SH |  | SOLE | 0 | 837869 | 0 | 685566 |
| Carriage Services Inc | COM | 143905107 |  | 29366 | 642017 | SH |  | SOLE | 0 | 329640 | 0 | 312377 |
| Cabot Corp | COM | 127055101 |  | 45652 | 608700 | SH |  | SOLE | 0 | 433200 | 0 | 175500 |
| Bread Financial Holdings Inc | COM | 018581108 |  | 16447 | 287940 | SH |  | SOLE | 0 | 94640 | 0 | 193300 |
| Best Buy Co Inc | COM | 086516101 |  | 90196 | 1343601 | SH |  | SOLE | 0 | 913301 | 0 | 430300 |
| Bank of NT Butterfield  Son Ltd/The | COM | G0772R208 |  | 26987 | 609459 | SH |  | SOLE | 0 | 343659 | 0 | 265800 |
| Ashland Inc | COM | 044186104 |  | 317 | 6300 | SH |  | SOLE | 0 | 0 | 0 | 6300 |
| Annaly Capital Management Inc | COM | 035710839 |  | 55633 | 2956059 | SH |  | SOLE | 0 | 2455366 | 0 | 500693 |
| American Airlines Group Inc | COM | 02376R102 |  | 18314 | 1632286 | SH |  | SOLE | 0 | 1117586 | 0 | 514700 |
| AG Mortgage Investment Trust Inc | COM | 001228501 |  | 2201 | 291580 | SH |  | SOLE | 0 | 182180 | 0 | 109400 |
| Academy Sports  Outdoors Inc | COM | 00402L107 |  | 139798 | 3119790 | SH |  | SOLE | 0 | 1984745 | 0 | 1135045 |
| Western Union Co/The | COM | 959802109 |  | 83490 | 9915708 | SH |  | SOLE | 0 | 5590074 | 0 | 4325634 |
| Virco Mfg. Corp | COM | 927651109 |  | 1450 | 181700 | SH |  | SOLE | 0 | 166500 | 0 | 15200 |
| Upbound Group Inc | COM | 76009N100 |  | 51240 | 2041415 | SH |  | SOLE | 0 | 1178215 | 0 | 863200 |
| UGI Corp | COM | 902681105 |  | 178454 | 4899884 | SH |  | SOLE | 0 | 3422984 | 0 | 1476900 |
| Timken Co/The | COM | 887389104 |  | 24993 | 344492 | SH |  | SOLE | 0 | 130892 | 0 | 213600 |
| Taylor Morrison Home Corp | COM | 87724P106 |  | 2094 | 34100 | SH |  | SOLE | 0 | 24300 | 0 | 9800 |
| Stellus Capital Investment Corp | COM | 858568108 |  | 286 | 20500 | SH |  | SOLE | 0 | 20500 | 0 | 0 |
| Sixth Street Specialty Lending Inc | COM | 83012A109 |  | 25133 | 1055562 | SH |  | SOLE | 0 | 427600 | 0 | 627962 |
| Schlumberger NV | COM | 806857108 |  | 568 | 16800 | SH |  | SOLE | 0 | 4300 | 0 | 12500 |
| Rithm Capital Corp | COM | 64828T201 |  | 60458 | 5355000 | SH |  | SOLE | 0 | 3261900 | 0 | 2093100 |
| Ranger Energy Services Inc | COM | 75282U104 |  | 43 | 3600 | SH |  | SOLE | 0 | 3600 | 0 | 0 |
| Princeton Bancorp Inc | COM | 74179A107 |  | 758 | 24804 | SH |  | SOLE | 0 | 20904 | 0 | 3900 |
| Phinia Inc | COM | 71880K101 |  | 53353 | 1199218 | SH |  | SOLE | 0 | 776264 | 0 | 422954 |
| Patterson-UTI Energy Inc | COM | 703481101 |  | 4243 | 715558 | SH |  | SOLE | 0 | 364200 | 0 | 351358 |
| Oracle Corp | COM | 68389X105 |  | 15496 | 70880 | SH |  | SOLE | 0 | 33840 | 0 | 37040 |
| Oak Valley Bancorp | COM | 671807105 |  | 79 | 2917 | SH |  | SOLE | 0 | 1717 | 0 | 1200 |
| NewMarket Corp | COM | 651587107 |  | 181108 | 262148 | SH |  | SOLE | 0 | 133148 | 0 | 129000 |
| Molson Coors Beverage Co | COM | 60871R209 |  | 293471 | 6102528 | SH |  | SOLE | 0 | 3893149 | 0 | 2209379 |
| MFA Financial Inc | COM | 55272X607 |  | 5753 | 608107 | SH |  | SOLE | 0 | 254257 | 0 | 353850 |
| Marriott Vacations Worldwide Corp | COM | 57164Y107 |  | 14543 | 201122 | SH |  | SOLE | 0 | 105089 | 0 | 96033 |
| LivaNova PLC | COM | G5509L101 |  | 24221 | 538010 | SH |  | SOLE | 0 | 300110 | 0 | 237900 |
| Kohl's Corp | COM | 500255104 |  | 11692 | 1378800 | SH |  | SOLE | 0 | 664400 | 0 | 714400 |
| Jefferies Financial Group Inc | COM | 47233W109 |  | 26596 | 486300 | SH |  | SOLE | 0 | 280100 | 0 | 206200 |
| Innovative Industrial Properties Inc | COM | 45781V101 |  | 6267 | 113500 | SH |  | SOLE | 0 | 68200 | 0 | 45300 |
| Honda Motor Co Ltd | COM | 438128308 |  | 6010 | 208480 | SH |  | SOLE | 0 | 38500 | 0 | 169980 |
| Hartford Insurance Group Inc/The | COM | 416515104 |  | 442530 | 3488062 | SH |  | SOLE | 0 | 2250912 | 0 | 1237150 |
| Group 1 Automotive Inc | COM | 398905109 |  | 55817 | 127812 | SH |  | SOLE | 0 | 68700 | 0 | 59112 |
| Global Medical REIT Inc | COM | 37954A204 |  | 5529 | 797900 | SH |  | SOLE | 0 | 470400 | 0 | 327500 |
| Friedman Industries Inc | COM | 358435105 |  | 497 | 30000 | SH |  | SOLE | 0 | 22400 | 0 | 7600 |
| First Financial Bancorp | COM | 320209109 |  | 5161 | 212735 | SH |  | SOLE | 0 | 74828 | 0 | 137907 |
| Exelon Corp | COM | 30161N101 |  | 5701 | 131300 | SH |  | SOLE | 0 | 30500 | 0 | 100800 |
| Eni SpA | COM | 26874R108 |  | 1213 | 37400 | SH |  | SOLE | 0 | 13400 | 0 | 24000 |
| DXP Enterprises Inc/TX | COM | 233377407 |  | 436 | 4970 | SH |  | SOLE | 0 | 4020 | 0 | 950 |
| Delta Air Lines Inc | COM | 247361702 |  | 167460 | 3405039 | SH |  | SOLE | 0 | 2254439 | 0 | 1150600 |
| Crane NXT Co | COM | 224441105 |  | 6911 | 128227 | SH |  | SOLE | 0 | 113427 | 0 | 14800 |
| Community Healthcare Trust Inc | COM | 20369C106 |  | 2228 | 133958 | SH |  | SOLE | 0 | 125700 | 0 | 8258 |
| Civitas Resources Inc | COM | 17888H103 |  | 13874 | 504148 | SH |  | SOLE | 0 | 230048 | 0 | 274100 |
| Check Point Software Technologies Ltd | COM | M22465104 |  | 5376 | 24300 | SH |  | SOLE | 0 | 7600 | 0 | 16700 |
| Cargurus Inc | COM | 141788109 |  | 1998 | 59700 | SH |  | SOLE | 0 | 59700 | 0 | 0 |
| BXP Inc | COM | 101121101 |  | 378 | 5600 | SH |  | SOLE | 0 | 5600 | 0 | 0 |
| Boyd Gaming Corp | COM | 103304101 |  | 19174 | 245100 | SH |  | SOLE | 0 | 137800 | 0 | 107300 |
| Berkshire Hathaway Inc | COM | 084670702 |  | 6009 | 12370 | SH |  | SOLE | 0 | 8870 | 0 | 3500 |
| Bank of America Corp | COM | 060505104 |  | 325690 | 6882719 | SH |  | SOLE | 0 | 4717019 | 0 | 2165700 |
| Arrow Electronics Inc | COM | 042735100 |  | 273794 | 2148586 | SH |  | SOLE | 0 | 1279180 | 0 | 869406 |
| Amphastar Pharmaceuticals Inc | COM | 03209R103 |  | 992 | 43200 | SH |  | SOLE | 0 | 20800 | 0 | 22400 |
| AMC Networks Inc | COM | 00164V103 |  | 3897 | 621589 | SH |  | SOLE | 0 | 339089 | 0 | 282500 |
| AerCap Holdings NV | COM | N00985106 |  | 11993 | 102500 | SH |  | SOLE | 0 | 25340 | 0 | 77160 |
| Abbott Laboratories | COM | 002824100 |  | 602 | 4425 | SH |  | SOLE | 0 | 4400 | 0 | 25 |
| Zions Bancorp NA | COM | 989701107 |  | 205689 | 3960132 | SH |  | SOLE | 0 | 2733127 | 0 | 1227005 |
| WESCO International Inc | COM | 95082P105 |  | 28973 | 156440 | SH |  | SOLE | 0 | 89140 | 0 | 67300 |
| Victory Capital Holdings Inc | COM | 92645B103 |  | 70374 | 1105290 | SH |  | SOLE | 0 | 717990 | 0 | 387300 |
| Universal Logistics Holdings Inc | COM | 91388P105 |  | 881 | 34697 | SH |  | SOLE | 0 | 18346 | 0 | 16351 |
| Turkcell Iletisim Hizmetleri AS | COM | 900111204 |  | 620 | 102400 | SH |  | SOLE | 0 | 102400 | 0 | 0 |
| The Campbell's Company | COM | 134429109 |  | 120804 | 3941400 | SH |  | SOLE | 0 | 2450700 | 0 | 1490700 |
| Tandy Brands Accessories Inc | COM | 875378101 |  | 0 | 3500 | SH |  | SOLE | 0 | 3500 | 0 | 0 |
| SS Technologies Holdings Inc | COM | 78467J100 |  | 32746 | 395483 | SH |  | SOLE | 0 | 160883 | 0 | 234600 |
| Signet Jewelers Ltd | COM | G81276100 |  | 12418 | 156100 | SH |  | SOLE | 0 | 58400 | 0 | 97700 |
| Sanmina Corp | COM | 801056102 |  | 128334 | 1311805 | SH |  | SOLE | 0 | 685811 | 0 | 625994 |
| Riley Exploration Permian Inc | COM | 76665T102 |  | 1422 | 54200 | SH |  | SOLE | 0 | 17800 | 0 | 36400 |
| QuidelOrtho Corp | COM | 219798105 |  | 265 | 9200 | SH |  | SOLE | 0 | 9200 | 0 | 0 |
| PriceSmart Inc | COM | 741511109 |  | 17649 | 168026 | SH |  | SOLE | 0 | 94936 | 0 | 73090 |
| Phibro Animal Health Corp | COM | 71742Q106 |  | 5706 | 223400 | SH |  | SOLE | 0 | 136300 | 0 | 87100 |
| Park-Ohio Holdings Corp | COM | 700666100 |  | 3192 | 178710 | SH |  | SOLE | 0 | 55210 | 0 | 123500 |
| OP Bancorp | COM | 67109R109 |  | 963 | 74100 | SH |  | SOLE | 0 | 57400 | 0 | 16700 |
| NVIDIA Corp | COM | 67066G104 |  | 360 | 2280 | SH |  | SOLE | 0 | 2280 | 0 | 0 |
| NetScout Systems Inc | COM | 64115T104 |  | 30234 | 1218614 | SH |  | SOLE | 0 | 488500 | 0 | 730114 |
| Mobile TeleSystems PJSC | COM | 607409109 |  | 0 | 2704000 | SH |  | SOLE | 0 | 2341700 | 0 | 362300 |
| Meta Platforms Inc | COM | 30303M102 |  | 190238 | 257744 | SH |  | SOLE | 0 | 167564 | 0 | 90180 |
| Manitowoc Co Inc/The | COM | 563571405 |  | 621 | 51637 | SH |  | SOLE | 0 | 40137 | 0 | 11500 |
| Lifetime Brands Inc | COM | 53222Q103 |  | 428 | 83900 | SH |  | SOLE | 0 | 65900 | 0 | 18000 |
| Kimball Electronics Inc | COM | 49428J109 |  | 3443 | 179023 | SH |  | SOLE | 0 | 65988 | 0 | 113035 |
| JAKKS Pacific Inc | COM | 47012E403 |  | 3692 | 177680 | SH |  | SOLE | 0 | 71380 | 0 | 106300 |
| Ingles Markets Inc | COM | 457030104 |  | 7737 | 122071 | SH |  | SOLE | 0 | 60264 | 0 | 61807 |
| Highwoods Properties Inc | COM | 431284108 |  | 31165 | 1002400 | SH |  | SOLE | 0 | 828700 | 0 | 173700 |
| Harley-Davidson Inc | COM | 412822108 |  | 124182 | 5261952 | SH |  | SOLE | 0 | 3530399 | 0 | 1731553 |
| Greenbrier Cos Inc/The | COM | 393657101 |  | 30184 | 655464 | SH |  | SOLE | 0 | 302762 | 0 | 352702 |
| Getty Realty Corp | COM | 374297109 |  | 412 | 14900 | SH |  | SOLE | 0 | 0 | 0 | 14900 |
| Fox Corp | COM | 35137L105 |  | 419163 | 7479711 | SH |  | SOLE | 0 | 4835943 | 0 | 2643768 |
| First Busey Corp | COM | 319383204 |  | 30619 | 1337957 | SH |  | SOLE | 0 | 734457 | 0 | 603500 |
| Eversource Energy | COM | 30040W108 |  | 23095 | 363014 | SH |  | SOLE | 0 | 107000 | 0 | 256014 |
| Enact Holdings Inc | COM | 29249E109 |  | 14216 | 382664 | SH |  | SOLE | 0 | 255064 | 0 | 127600 |
| DR Horton Inc | COM | 23331A109 |  | 400 | 3100 | SH |  | SOLE | 0 | 3100 | 0 | 0 |
| DaVita Inc | COM | 23918K108 |  | 134007 | 940729 | SH |  | SOLE | 0 | 620229 | 0 | 320500 |
| Coterra Energy Inc | COM | 127097103 |  | 363 | 14300 | SH |  | SOLE | 0 | 14300 | 0 | 0 |
| Comcast Corp | COM | 20030N101 |  | 485486 | 13602863 | SH |  | SOLE | 0 | 8198220 | 0 | 5404643 |
| City Bank/Lynnwood WA | COM | 17770A109 |  | 0 | 3200 | SH |  | SOLE | 0 | 3200 | 0 | 0 |
| CF Industries Holdings Inc | COM | 125269100 |  | 46987 | 510732 | SH |  | SOLE | 0 | 317542 | 0 | 193190 |
| Capitol Federal Financial Inc | COM | 14057J101 |  | 3737 | 612600 | SH |  | SOLE | 0 | 476400 | 0 | 136200 |
| Bunge Global SA | COM | H11356104 |  | 171467 | 2135862 | SH |  | SOLE | 0 | 1354719 | 0 | 781143 |
| Boise Cascade Co | COM | 09739D100 |  | 33968 | 391252 | SH |  | SOLE | 0 | 274452 | 0 | 116800 |
| Beazer Homes USA Inc | COM | 07556Q881 |  | 8068 | 360651 | SH |  | SOLE | 0 | 160252 | 0 | 200399 |
| B Foods Inc | COM | 05508R106 |  | 218 | 51600 | SH |  | SOLE | 0 | 11100 | 0 | 40500 |
| Ares Capital Corp | COM | 04010L103 |  | 26209 | 1193490 | SH |  | SOLE | 0 | 993043 | 0 | 200447 |
| Amgen Inc | COM | 031162100 |  | 84070 | 301100 | SH |  | SOLE | 0 | 196190 | 0 | 104910 |
| Altria Group Inc | COM | 02209S103 |  | 308253 | 5257600 | SH |  | SOLE | 0 | 3499800 | 0 | 1757800 |
| Adtalem Global Education Inc | COM | 00737L103 |  | 70485 | 554000 | SH |  | SOLE | 0 | 364300 | 0 | 189700 |
| Yelp Inc | COM | 985817105 |  | 71753 | 2093765 | SH |  | SOLE | 0 | 1071636 | 0 | 1022129 |
| Wells Fargo  Co | COM | 949746101 |  | 547276 | 6830700 | SH |  | SOLE | 0 | 4756900 | 0 | 2073800 |
| Verizon Communications Inc | COM | 92343V104 |  | 517792 | 11966540 | SH |  | SOLE | 0 | 7048412 | 0 | 4918128 |
| Universal Health Realty Income Trust | COM | 91359E105 |  | 204 | 5100 | SH |  | SOLE | 0 | 5100 | 0 | 0 |
| Trinity Capital Inc | COM | 896442308 |  | 143 | 10161 | SH |  | SOLE | 0 | 0 | 0 | 10161 |
| Tesla Inc | COM | 88160R101 |  | 38 | 120 | SH |  | SOLE | 0 | 120 | 0 | 0 |
| Taboola.com Ltd | COM | M8744T106 |  | 345 | 94390 | SH |  | SOLE | 0 | 94390 | 0 | 0 |
| Sonoco Products Co | COM | 835495102 |  | 16927 | 388600 | SH |  | SOLE | 0 | 82400 | 0 | 306200 |
| Shutterstock Inc | COM | 825690100 |  | 30043 | 1584553 | SH |  | SOLE | 0 | 835425 | 0 | 749128 |
| Sally Beauty Holdings Inc | COM | 79546E104 |  | 28940 | 3125321 | SH |  | SOLE | 0 | 1495121 | 0 | 1630200 |
| Resideo Technologies Inc | COM | 76118Y104 |  | 192 | 8700 | SH |  | SOLE | 0 | 5200 | 0 | 3500 |
| Quad/Graphics Inc | COM | 747301109 |  | 7926 | 1402780 | SH |  | SOLE | 0 | 754280 | 0 | 648500 |
| Preformed Line Products Co | COM | 740444104 |  | 192 | 1200 | SH |  | SOLE | 0 | 1200 | 0 | 0 |
| Perrigo Co PLC | COM | G97822103 |  | 2207 | 82600 | SH |  | SOLE | 0 | 5200 | 0 | 77400 |
| Paramount Global | COM | 92556H206 |  | 6440 | 499200 | SH |  | SOLE | 0 | 181100 | 0 | 318100 |
| Omnicom Group Inc | COM | 681919106 |  | 2712 | 37700 | SH |  | SOLE | 0 | 6000 | 0 | 31700 |
| Northwest Natural Holding Co | COM | 66765N105 |  | 342 | 8600 | SH |  | SOLE | 0 | 0 | 0 | 8600 |
| NCR Atleos Corp | COM | 63001N106 |  | 38740 | 1357857 | SH |  | SOLE | 0 | 727507 | 0 | 630350 |
| Minerals Technologies Inc | COM | 603158106 |  | 10492 | 190522 | SH |  | SOLE | 0 | 43400 | 0 | 147122 |
| Merck  Co Inc | COM | 58933Y105 |  | 422432 | 5336436 | SH |  | SOLE | 0 | 3287251 | 0 | 2049185 |
| Macy's Inc | COM | 55616P104 |  | 49483 | 4243845 | SH |  | SOLE | 0 | 2879245 | 0 | 1364600 |
| Lear Corp | COM | 521865204 |  | 61711 | 649728 | SH |  | SOLE | 0 | 352320 | 0 | 297408 |
| Kewaunee Scientific Corp | COM | 492854104 |  | 135 | 2300 | SH |  | SOLE | 0 | 2300 | 0 | 0 |
| Jabil Inc | COM | 466313103 |  | 410937 | 1884170 | SH |  | SOLE | 0 | 1236170 | 0 | 648000 |
| Independent Bank Corp/MI | COM | 453838609 |  | 15063 | 464770 | SH |  | SOLE | 0 | 331070 | 0 | 133700 |
| Heritage Financial Corp/WA | COM | 42722X106 |  | 1776 | 74500 | SH |  | SOLE | 0 | 74500 | 0 | 0 |
| Hanesbrands Inc | COM | 410345102 |  | 222 | 48400 | SH |  | SOLE | 0 | 0 | 0 | 48400 |
| Graphic Packaging Holding Co | COM | 388689101 |  | 49363 | 2342820 | SH |  | SOLE | 0 | 1570620 | 0 | 772200 |
| Genesco Inc | COM | 371532102 |  | 845 | 42900 | SH |  | SOLE | 0 | 36300 | 0 | 6600 |
| FONAR Corp | COM | 344437405 |  | 651 | 43505 | SH |  | SOLE | 0 | 38905 | 0 | 4600 |
| Financial Institutions Inc | COM | 317585404 |  | 6061 | 236037 | SH |  | SOLE | 0 | 127937 | 0 | 108100 |
| Everest Group Ltd | COM | G3223R108 |  | 135997 | 400167 | SH |  | SOLE | 0 | 265224 | 0 | 134943 |
| Embecta Corp | COM | 29082K105 |  | 2808 | 289800 | SH |  | SOLE | 0 | 222000 | 0 | 67800 |
| Dole PLC | COM | G27907107 |  | 8191 | 585500 | SH |  | SOLE | 0 | 271600 | 0 | 313900 |
| CVS Health Corp | COM | 126650100 |  | 328538 | 4762796 | SH |  | SOLE | 0 | 3058549 | 0 | 1704247 |
| Corinthian Colleges Inc | COM | 218868107 |  | 0 | 10100 | SH |  | SOLE | 0 | 10100 | 0 | 0 |
| Colony Bankcorp Inc | COM | 19623P101 |  | 550 | 33400 | SH |  | SOLE | 0 | 23300 | 0 | 10100 |
| Cisco Systems Inc | COM | 17275R102 |  | 616148 | 8880766 | SH |  | SOLE | 0 | 5189521 | 0 | 3691245 |
| Centene Corp | COM | 15135B101 |  | 247629 | 4562064 | SH |  | SOLE | 0 | 2924239 | 0 | 1637825 |
| Canon Inc | COM | 138006309 |  | 7037 | 242500 | SH |  | SOLE | 0 | 41600 | 0 | 200900 |
| Buckle Inc/The | COM | 118440106 |  | 408 | 9000 | SH |  | SOLE | 0 | 5500 | 0 | 3500 |
| Bloomin' Brands Inc | COM | 094235108 |  | 24713 | 2870239 | SH |  | SOLE | 0 | 1772122 | 0 | 1098117 |
| Baxter International Inc | COM | 071813109 |  | 145508 | 4805400 | SH |  | SOLE | 0 | 3287300 | 0 | 1518100 |
| Avista Corp | COM | 05379B107 |  | 3749 | 98800 | SH |  | SOLE | 0 | 98800 | 0 | 0 |
| Arbor Realty Trust Inc | COM | 038923108 |  | 4188 | 391388 | SH |  | SOLE | 0 | 354200 | 0 | 37188 |
| American Vanguard Corp | COM | 030371108 |  | 17 | 4312 | SH |  | SOLE | 0 | 0 | 0 | 4312 |
| Alphabet Inc | COM | 02079K107 |  | 149 | 840 | SH |  | SOLE | 0 | 840 | 0 | 0 |
| Adeia Inc | COM | 00676P107 |  | 42088 | 2976494 | SH |  | SOLE | 0 | 1843886 | 0 | 1132608 |
| Xerox Holdings Corp | COM | 98421M106 |  | 7214 | 1368925 | SH |  | SOLE | 0 | 799975 | 0 | 568950 |
| Walgreens Boots Alliance Inc | COM | 931427108 |  | 18326 | 1596336 | SH |  | SOLE | 0 | 1296436 | 0 | 299900 |
| Varex Imaging Corp | COM | 92214X106 |  | 2849 | 328610 | SH |  | SOLE | 0 | 253910 | 0 | 74700 |
| United Therapeutics Corp | COM | 91307C102 |  | 248449 | 864623 | SH |  | SOLE | 0 | 550648 | 0 | 313975 |
| Travelzoo | COM | 89421Q205 |  | 578 | 45400 | SH |  | SOLE | 0 | 33500 | 0 | 11900 |
| Tennant Co | COM | 880345103 |  | 1573 | 20300 | SH |  | SOLE | 0 | 20300 | 0 | 0 |
| Synchrony Financial | COM | 87165B103 |  | 152767 | 2288994 | SH |  | SOLE | 0 | 1454794 | 0 | 834200 |
| Softbrands Inc ACQUIRED | COM | 83402A990 |  | 0 | 40 | SH |  | SOLE | 0 | 40 | 0 | 0 |
| Shinhan Financial Group Co Ltd | COM | 824596100 |  | 492 | 10900 | SH |  | SOLE | 0 | 10900 | 0 | 0 |
| S Global Inc | COM | 78409V104 |  | 264 | 500 | SH |  | SOLE | 0 | 500 | 0 | 0 |
| Regions Financial Corp | COM | 7591EP100 |  | 218128 | 9274170 | SH |  | SOLE | 0 | 6287884 | 0 | 2986286 |
| Puma Biotechnology Inc | COM | 74587V107 |  | 1838 | 535740 | SH |  | SOLE | 0 | 236840 | 0 | 298900 |
| Popular Inc | COM | 733174700 |  | 78344 | 710860 | SH |  | SOLE | 0 | 382760 | 0 | 328100 |
| Peoples Bancorp Inc/OH | COM | 709789101 |  | 4640 | 151916 | SH |  | SOLE | 0 | 116094 | 0 | 35822 |
| Oxford Industries Inc | COM | 691497309 |  | 105 | 2600 | SH |  | SOLE | 0 | 2600 | 0 | 0 |
| Old Second Bancorp Inc | COM | 680277100 |  | 3603 | 203126 | SH |  | SOLE | 0 | 148026 | 0 | 55100 |
| Northrim BanCorp Inc | COM | 666762109 |  | 8332 | 89340 | SH |  | SOLE | 0 | 38240 | 0 | 51100 |
| Myers Industries Inc | COM | 628464109 |  | 6326 | 436600 | SH |  | SOLE | 0 | 251300 | 0 | 185300 |
| MillerKnoll Inc | COM | 600544100 |  | 25852 | 1331199 | SH |  | SOLE | 0 | 867999 | 0 | 463200 |
| Medallion Financial Corp | COM | 583928106 |  | 563 | 59100 | SH |  | SOLE | 0 | 42400 | 0 | 16700 |
| LyondellBasell Industries NV | COM | N53745100 |  | 43598 | 753509 | SH |  | SOLE | 0 | 492509 | 0 | 261000 |
| Lam Research Corp | COM | 512807306 |  | 9372 | 96280 | SH |  | SOLE | 0 | 40380 | 0 | 55900 |
| KB Financial Group Inc | COM | 48241A105 |  | 1660 | 20100 | SH |  | SOLE | 0 | 20100 | 0 | 0 |
| Ironwood Pharmaceuticals Inc | COM | 46333X108 |  | 1972 | 2750200 | SH |  | SOLE | 0 | 1210269 | 0 | 1539931 |
| Huntington Ingalls Industries Inc | COM | 446413106 |  | 118174 | 489416 | SH |  | SOLE | 0 | 371393 | 0 | 118023 |
| Helmerich  Payne Inc | COM | 423452101 |  | 21390 | 1410971 | SH |  | SOLE | 0 | 707562 | 0 | 703409 |
| HAMILTON BEACH BRANDS HOLD-B | COM | 40701T203 |  | 21 | 1196 | SH |  | SOLE | 0 | 0 | 0 | 1196 |
| GoodRx Holdings Inc | COM | 38246G108 |  | 1900 | 381564 | SH |  | SOLE | 0 | 193564 | 0 | 188000 |
| General Electric Co | COM | 369604301 |  | 592 | 2300 | SH |  | SOLE | 0 | 2300 | 0 | 0 |
| Flex Ltd | COM | Y2573F102 |  | 337654 | 6763903 | SH |  | SOLE | 0 | 4530903 | 0 | 2233000 |
| Fidelis Insurance Holdings Ltd | COM | G3398L118 |  | 51716 | 3119180 | SH |  | SOLE | 0 | 1781280 | 0 | 1337900 |
| Essent Group Ltd | COM | G3198U102 |  | 30861 | 508173 | SH |  | SOLE | 0 | 340273 | 0 | 167900 |
| El Pollo Loco Holdings Inc | COM | 268603107 |  | 17176 | 1560052 | SH |  | SOLE | 0 | 876304 | 0 | 683748 |
| Dine Brands Global Inc | COM | 254423106 |  | 12883 | 529492 | SH |  | SOLE | 0 | 273992 | 0 | 255500 |
| CTO Realty Growth Inc | COM | 22948Q101 |  | 9513 | 551152 | SH |  | SOLE | 0 | 379322 | 0 | 171830 |
| Core Molding Technologies Inc | COM | 218683100 |  | 736 | 44363 | SH |  | SOLE | 0 | 22072 | 0 | 22291 |
| Coca-Cola Femsa SAB de CV | COM | 191241108 |  | 1915 | 19800 | SH |  | SOLE | 0 | 19800 | 0 | 0 |
| Cigna Group/The | COM | 125523100 |  | 183742 | 555817 | SH |  | SOLE | 0 | 344460 | 0 | 211357 |
| Cathay General Bancorp | COM | 149150104 |  | 32304 | 709503 | SH |  | SOLE | 0 | 345703 | 0 | 363800 |
| Camden National Corp | COM | 133034108 |  | 9394 | 231495 | SH |  | SOLE | 0 | 109995 | 0 | 121500 |
| Broadcom Inc | COM | 11135F101 |  | 56 | 204 | SH |  | SOLE | 0 | 204 | 0 | 0 |
| BioMarin Pharmaceutical Inc | COM | 09061G101 |  | 1826 | 33216 | SH |  | SOLE | 0 | 26316 | 0 | 6900 |
| Barings BDC Inc | COM | 06759L103 |  | 330 | 36100 | SH |  | SOLE | 0 | 17800 | 0 | 18300 |
| AutoNation Inc | COM | 05329W102 |  | 112951 | 568595 | SH |  | SOLE | 0 | 394109 | 0 | 174486 |
| Apple Inc | COM | 037833100 |  | 295 | 1440 | SH |  | SOLE | 0 | 1440 | 0 | 0 |
| American Financial Group Inc/OH | COM | 025932104 |  | 67912 | 538086 | SH |  | SOLE | 0 | 399816 | 0 | 138270 |
| Allison Transmission Holdings Inc | COM | 01973R101 |  | 237861 | 2504060 | SH |  | SOLE | 0 | 1590669 | 0 | 913391 |
| ACCO Brands Corp | COM | 00081T108 |  | 11287 | 3152700 | SH |  | SOLE | 0 | 1977800 | 0 | 1174900 |
| WK Kellogg Co | COM | 92942W107 |  | 37684 | 2364100 | SH |  | SOLE | 0 | 927675 | 0 | 1436425 |
| Voya Financial Inc | COM | 929089100 |  | 74864 | 1054421 | SH |  | SOLE | 0 | 725621 | 0 | 328800 |
| Vale SA | COM | 91912E105 |  | 455 | 46822 | SH |  | SOLE | 0 | 46822 | 0 | 0 |
| United Microelectronics Corp | COM | 910873405 |  | 4327 | 565611 | SH |  | SOLE | 0 | 565611 | 0 | 0 |
| Toyota Motor Corp | COM | 892331307 |  | 2841 | 16490 | SH |  | SOLE | 0 | 2250 | 0 | 14240 |
| Telefonaktiebolaget LM Ericsson | COM | 294821608 |  | 291 | 34300 | SH |  | SOLE | 0 | 34300 | 0 | 0 |
| SunCoke Energy Inc | COM | 86722A103 |  | 29444 | 3427707 | SH |  | SOLE | 0 | 1966283 | 0 | 1461424 |
| SM Energy Co | COM | 78454L100 |  | 11295 | 457100 | SH |  | SOLE | 0 | 303000 | 0 | 154100 |
| Select Water Solutions Inc | COM | 81617J301 |  | 1046 | 121100 | SH |  | SOLE | 0 | 68100 | 0 | 53000 |
| Rush Enterprises Inc | COM | 781846209 |  | 6367 | 123600 | SH |  | SOLE | 0 | 57100 | 0 | 66500 |
| Red River Bancshares Inc | COM | 75686R202 |  | 311 | 5302 | SH |  | SOLE | 0 | 3502 | 0 | 1800 |
| Prospect Capital Corp | COM | 74348T102 |  | 1793 | 563735 | SH |  | SOLE | 0 | 310202 | 0 | 253533 |
| Playtika Holding Corp | COM | 72815L107 |  | 30907 | 6534168 | SH |  | SOLE | 0 | 4567914 | 0 | 1966254 |
| PennantPark Investment Corp | COM | 708062104 |  | 12191 | 1782360 | SH |  | SOLE | 0 | 903360 | 0 | 879000 |
| Outfront Media Inc | COM | 69007J304 |  | 35665 | 2185350 | SH |  | SOLE | 0 | 1507405 | 0 | 677945 |
| OFG Bancorp | COM | 67103X102 |  | 55367 | 1293624 | SH |  | SOLE | 0 | 742424 | 0 | 551200 |
| Nokia Oyj | COM | 654902204 |  | 854 | 164800 | SH |  | SOLE | 0 | 164800 | 0 | 0 |
| MRC Global Inc | COM | 55345K103 |  | 1970 | 143700 | SH |  | SOLE | 0 | 135000 | 0 | 8700 |
| Mid Penn Bancorp Inc | COM | 59540G107 |  | 3741 | 132659 | SH |  | SOLE | 0 | 84700 | 0 | 47959 |
| Maximus Inc | COM | 577933104 |  | 3994 | 56900 | SH |  | SOLE | 0 | 14600 | 0 | 42300 |
| Lowe's Cos Inc | COM | 548661107 |  | 244 | 1100 | SH |  | SOLE | 0 | 1100 | 0 | 0 |
| KT Corp | COM | 48268K101 |  | 1864 | 89700 | SH |  | SOLE | 0 | 89700 | 0 | 0 |
| Juniper Networks Inc. | COM | 48203R104 |  | 4983 | 124800 | SH |  | SOLE | 0 | 20000 | 0 | 104800 |
| International Money Express Inc | COM | 46005L101 |  | 10726 | 1063019 | SH |  | SOLE | 0 | 589519 | 0 | 473500 |
| HP Inc | COM | 40434L105 |  | 281709 | 11517136 | SH |  | SOLE | 0 | 7489166 | 0 | 4027970 |
| Heidrick  Struggles International Inc | COM | 422819102 |  | 13826 | 302146 | SH |  | SOLE | 0 | 190394 | 0 | 111752 |
| Hackett Group Inc/The | COM | 404609109 |  | 2069 | 81400 | SH |  | SOLE | 0 | 14300 | 0 | 67100 |
| Goldman Sachs BDC Inc | COM | 38147U107 |  | 80 | 7100 | SH |  | SOLE | 0 | 7100 | 0 | 0 |
| Gap Inc/The | COM | 364760108 |  | 69453 | 3184477 | SH |  | SOLE | 0 | 2139177 | 0 | 1045300 |
| First Savings Financial Group Inc | COM | 33621E109 |  | 110 | 4400 | SH |  | SOLE | 0 | 4400 | 0 | 0 |
| Farmers National Banc Corp | COM | 309627107 |  | 6465 | 468824 | SH |  | SOLE | 0 | 321300 | 0 | 147524 |
| EPR Properties | COM | 26884U109 |  | 75357 | 1293458 | SH |  | SOLE | 0 | 810288 | 0 | 483170 |
| Ecovyst Inc | COM | 27923Q109 |  | 2774 | 337100 | SH |  | SOLE | 0 | 290700 | 0 | 46400 |
| DiamondRock Hospitality Co | COM | 252784301 |  | 2846 | 371600 | SH |  | SOLE | 0 | 193000 | 0 | 178600 |
| Crown Holdings Inc | COM | 228368106 |  | 6076 | 59000 | SH |  | SOLE | 0 | 59000 | 0 | 0 |
| ConocoPhillips | COM | 20825C104 |  | 102410 | 1141184 | SH |  | SOLE | 0 | 910513 | 0 | 230671 |
| CNX Resources Corp | COM | 12653C108 |  | 22663 | 672900 | SH |  | SOLE | 0 | 369300 | 0 | 303600 |
| Chord Energy Corp | COM | 674215207 |  | 3921 | 40485 | SH |  | SOLE | 0 | 38085 | 0 | 2400 |
| Carter's Inc | COM | 146229109 |  | 32012 | 1062466 | SH |  | SOLE | 0 | 548239 | 0 | 514227 |
| Calavo Growers Inc | COM | 128246105 |  | 2061 | 77525 | SH |  | SOLE | 0 | 16305 | 0 | 61220 |
| Brink's Co/The | COM | 109696104 |  | 96488 | 1080612 | SH |  | SOLE | 0 | 714401 | 0 | 366211 |
| Big Lots Inc | COM | 089302103 |  | 0 | 100 | SH |  | SOLE | 0 | 100 | 0 | 0 |
| BankUnited Inc | COM | 06652K103 |  | 15806 | 444100 | SH |  | SOLE | 0 | 241567 | 0 | 202533 |
| AT Inc | COM | 00206R102 |  | 692772 | 23938216 | SH |  | SOLE | 0 | 14573060 | 0 | 9365156 |
| Apogee Enterprises Inc | COM | 037598109 |  | 19610 | 483000 | SH |  | SOLE | 0 | 302100 | 0 | 180900 |
| American Axle  Manufacturing Holdings Inc | COM | 024061103 |  | 2290 | 561300 | SH |  | SOLE | 0 | 278600 | 0 | 282700 |
| Alarm.com Holdings Inc | COM | 011642105 |  | 1329 | 23500 | SH |  | SOLE | 0 | 9600 | 0 | 13900 |
| Acadian Asset Management Inc | COM | 10948W103 |  | 2742 | 77800 | SH |  | SOLE | 0 | 77800 | 0 | 0 |
| Whirlpool Corp | COM | 963320106 |  | 127084 | 1253051 | SH |  | SOLE | 0 | 860650 | 0 | 392401 |
| Visteon Corp | COM | 92839U206 |  | 14993 | 160700 | SH |  | SOLE | 0 | 86100 | 0 | 74600 |
| Urban Outfitters Inc | COM | 917047102 |  | 225 | 3100 | SH |  | SOLE | 0 | 3100 | 0 | 0 |
| Unit Corp | COM | 909218406 |  | 188 | 7200 | SH |  | SOLE | 0 | 4800 | 0 | 2400 |
| Toll Brothers Inc | COM | 889478103 |  | 110682 | 969789 | SH |  | SOLE | 0 | 609580 | 0 | 360209 |
| TechnipFMC PLC | COM | G87110105 |  | 4643 | 134800 | SH |  | SOLE | 0 | 134800 | 0 | 0 |
| Strawberry Fields REIT Inc | COM | 863182101 |  | 65 | 6200 | SH |  | SOLE | 0 | 6200 | 0 | 0 |
| SkyWest Inc | COM | 830879102 |  | 15828 | 153714 | SH |  | SOLE | 0 | 74045 | 0 | 79669 |
| Science Applications International Corp | COM | 808625107 |  | 146621 | 1302029 | SH |  | SOLE | 0 | 732542 | 0 | 569487 |
| Rocky Brands Inc | COM | 774515100 |  | 667 | 30061 | SH |  | SOLE | 0 | 30061 | 0 | 0 |
| RBB Bancorp | COM | 74930B105 |  | 4234 | 246000 | SH |  | SOLE | 0 | 158400 | 0 | 87600 |
| PROG Holdings Inc | COM | 74319R101 |  | 9089 | 309681 | SH |  | SOLE | 0 | 210500 | 0 | 99181 |
| Piedmont Realty Trust Inc | COM | 720190206 |  | 29683 | 4071729 | SH |  | SOLE | 0 | 3184829 | 0 | 886900 |
| PCB Bancorp | COM | 69320M109 |  | 10651 | 507680 | SH |  | SOLE | 0 | 290197 | 0 | 217483 |
| Orion SA | COM | L72967109 |  | 2218 | 211400 | SH |  | SOLE | 0 | 78600 | 0 | 132800 |
| OceanFirst Financial Corp | COM | 675234108 |  | 8522 | 483908 | SH |  | SOLE | 0 | 412408 | 0 | 71500 |
| NewtekOne Inc | COM | 652526203 |  | 1255 | 111300 | SH |  | SOLE | 0 | 56100 | 0 | 55200 |
| Mosaic Co/The | COM | 61945C103 |  | 68217 | 1869990 | SH |  | SOLE | 0 | 1211790 | 0 | 658200 |
| MGM Resorts International | COM | 552953101 |  | 91801 | 2669400 | SH |  | SOLE | 0 | 1879900 | 0 | 789500 |
| Match Group Inc | COM | 57667L107 |  | 106967 | 3462831 | SH |  | SOLE | 0 | 2160131 | 0 | 1302700 |
| LKQ Corp | COM | 501889208 |  | 2631 | 71100 | SH |  | SOLE | 0 | 71100 | 0 | 0 |
| Korn Ferry | COM | 500643200 |  | 334 | 4561 | SH |  | SOLE | 0 | 4561 | 0 | 0 |
| Johnson  Johnson | COM | 478160104 |  | 481363 | 3151312 | SH |  | SOLE | 0 | 1854932 | 0 | 1296380 |
| Integra LifeSciences Holdings Corp | COM | 457985208 |  | 2919 | 237900 | SH |  | SOLE | 0 | 125900 | 0 | 112000 |
| Hope Bancorp Inc | COM | 43940T109 |  | 18031 | 1680400 | SH |  | SOLE | 0 | 972900 | 0 | 707500 |
| HBT Financial Inc | COM | 404111106 |  | 5722 | 226978 | SH |  | SOLE | 0 | 148678 | 0 | 78300 |
| Guess  Inc | COM | 401617105 |  | 15340 | 1268826 | SH |  | SOLE | 0 | 473626 | 0 | 795200 |
| Global Payments Inc | COM | 37940X102 |  | 22347 | 279200 | SH |  | SOLE | 0 | 199700 | 0 | 79500 |
| FS KKR Capital Corp | COM | 302635206 |  | 36033 | 1736540 | SH |  | SOLE | 0 | 925715 | 0 | 810825 |
| First Horizon Corp | COM | 320517105 |  | 285319 | 13458438 | SH |  | SOLE | 0 | 8954538 | 0 | 4503900 |
| Expro Group Holdings NV | COM | N3144W105 |  | 324 | 37700 | SH |  | SOLE | 0 | 28000 | 0 | 9700 |
| Entergy Corp | COM | 29364G103 |  | 241 | 2900 | SH |  | SOLE | 0 | 2900 | 0 | 0 |
| Eastern Co/The | COM | 276317104 |  | 311 | 13650 | SH |  | SOLE | 0 | 10300 | 0 | 3350 |
| Designer Brands Inc | COM | 250565108 |  | 116 | 48900 | SH |  | SOLE | 0 | 0 | 0 | 48900 |
| Crescent Capital BDC Inc | COM | 225655109 |  | 103 | 7300 | SH |  | SOLE | 0 | 7300 | 0 | 0 |
| Conagra Brands Inc | COM | 205887102 |  | 126220 | 6166077 | SH |  | SOLE | 0 | 3679233 | 0 | 2486844 |
| CNB Financial Corp/PA | COM | 126128107 |  | 2203 | 96361 | SH |  | SOLE | 0 | 57961 | 0 | 38400 |
| Chevron Corp | COM | 166764100 |  | 24966 | 174356 | SH |  | SOLE | 0 | 18736 | 0 | 155620 |
| Carnival Corp | COM | 143658300 |  | 4437 | 157800 | SH |  | SOLE | 0 | 123500 | 0 | 34300 |
| Cable One Inc | COM | 12685J105 |  | 2799 | 20607 | SH |  | SOLE | 0 | 11967 | 0 | 8640 |
| Brandywine Realty Trust | COM | 105368203 |  | 11653 | 2716403 | SH |  | SOLE | 0 | 2029803 | 0 | 686600 |
| Berry Corp | COM | 08579X101 |  | 3643 | 1315100 | SH |  | SOLE | 0 | 801700 | 0 | 513400 |
| Bank of Nova Scotia/The | COM | 064149107 |  | 149 | 2700 | SH |  | SOLE | 0 | 2700 | 0 | 0 |
| ASE Technology Holding Co Ltd | COM | 00215W100 |  | 5430 | 525700 | SH |  | SOLE | 0 | 525700 | 0 | 0 |
| Andersons Inc/The | COM | 034164103 |  | 680 | 18500 | SH |  | SOLE | 0 | 12100 | 0 | 6400 |
| Amdocs Ltd | COM | G02602103 |  | 309441 | 3391510 | SH |  | SOLE | 0 | 1894035 | 0 | 1497475 |
| Aflac Inc | COM | 001055102 |  | 85135 | 807270 | SH |  | SOLE | 0 | 547970 | 0 | 259300 |
| ABM Industries Inc | COM | 000957100 |  | 66222 | 1402702 | SH |  | SOLE | 0 | 770143 | 0 | 632559 |

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