The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete.
The reader should not assume that the information is accurate and complete.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F

FORM 13F INFORMATION TABLE
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COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MANAGER SOLE SHARED NONE
AECOM COM 00766T100 112,971 4,263,056 SH   SOLE   4,263,056 0 0
Adient plc COM G0084W101 59,470 3,948,883 SH   SOLE   3,948,883 0 0
AerCap Holdings NV COM N00985106 222,427 5,616,855 SH   SOLE   5,616,855 0 0
Aflac Incorporated COM 001055102 356,349 7,821,531 SH   SOLE   7,821,531 0 0
Assurant, Inc. COM 04621X108 164,598 1,840,320 SH   SOLE   1,840,320 0 0
Affiliated Managers Group, Inc. COM 008252108 111,764 1,146,999 SH   SOLE   1,146,999 0 0
Ameriprise Financial, Inc. COM 03076C106 242,818 2,326,514 SH   SOLE   2,326,514 0 0
Arrow Electronics, Inc. COM 042735100 145,590 2,111,537 SH   SOLE   2,111,537 0 0
Broadcom Inc. COM 11135F101 448,094 1,762,209 SH   SOLE   1,762,209 0 0
Avis Budget Group, Inc. COM 053774105 78,041 3,471,596 SH   SOLE   3,471,596 0 0
Crown Holdings, Inc. COM 228368106 146,307 3,519,543 SH   SOLE   3,519,543 0 0
Celanese Corporation COM 150870103 301,644 3,352,717 SH   SOLE   3,352,717 0 0
CommScope Holding Co., Inc. COM 20337X109 115,879 7,070,107 SH   SOLE   7,070,107 0 0
EOG Resources, Inc. COM 26875P101 265,869 3,048,609 SH   SOLE   3,048,609 0 0
Flex Ltd. COM Y2573F102 122,299 16,070,835 SH   SOLE   16,070,835 0 0
Goodyear Tire & Rubber Company COM 382550101 169,064 8,283,381 SH   SOLE   8,283,381 0 0
HCA Healthcare Inc COM 40412C101 443,533 3,563,948 SH   SOLE   3,563,948 0 0
Hertz Global Holdings, Inc. COM 42806J106 48,500 3,553,111 SH   SOLE   3,553,111 0 0
Johnson Controls International plc COM G51502105 214,511 7,234,782 SH   SOLE   7,234,782 0 0
Qurate Retail, Inc. Class A CL A 74915M100 220,022 11,271,644 SH   SOLE   11,271,644 0 0
Lincoln National Corporation COM 534187109 251,551 4,902,577 SH   SOLE   4,902,577 0 0
Microchip Technology Incorporated COM 595017104 305,180 4,243,327 SH   SOLE   4,243,327 0 0
NCR Corporation COM 62886E108 101,191 4,384,365 SH   SOLE   4,384,365 0 0
National Oilwell Varco, Inc. COM 637071101 126,979 4,940,815 SH   SOLE   4,940,815 0 0
Owens-Illinois, Inc. COM 690768403 96,230 5,581,770 SH   SOLE   5,581,770 0 0
Suncor Energy Inc. COM 867224107 244,816 8,752,799 SH   SOLE   8,752,799 0 0
Tech Data Corporation COM 878237106 128,599 1,571,925 SH   SOLE   1,571,925 0 0
Tenneco Inc. Class A CL A 880349105 64,550 2,356,712 SH   SOLE   2,356,712 0 0
Western Digital Corporation COM 958102105 146,913 3,973,845 SH   SOLE   3,973,845 0 0
Whirlpool Corporation COM 963320106 173,649 1,624,862 SH   SOLE   1,624,862 0 0
Anthem, Inc. COM 036752103 399,846 1,522,468 SH   SOLE   1,522,468 0 0
Willis Towers Watson Public Limited Company COM G96629103 248,184 1,634,297 SH   SOLE   1,634,297 0 0
Western Union Company COM 959802109 221,357 12,975,188 SH   SOLE   12,975,188 0 0
iShares Russell 1000 Value ETF RUS 1000 VAL ETF 464287598 121,522 1,094,304 SH   SOLE   1,094,304 0 0
Vanguard Value ETF VALUE ETF 922908744 714 7,289 SH   SOLE   7,289 0 0
iShares S&P 500 Value ETF S&P 500 VAL ETF 464287408 4,296 42,476 SH   SOLE   42,476 0 0