0000950123-22-004471.txt : 20220503 0000950123-22-004471.hdr.sgml : 20220503 20220503132628 ACCESSION NUMBER: 0000950123-22-004471 CONFORMED SUBMISSION TYPE: 13F-HR PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20220331 FILED AS OF DATE: 20220503 DATE AS OF CHANGE: 20220503 EFFECTIVENESS DATE: 20220503 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Cullen Capital Management, LLC CENTRAL INDEX KEY: 0001362535 IRS NUMBER: 061614949 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 13F-HR SEC ACT: 1934 Act SEC FILE NUMBER: 028-11905 FILM NUMBER: 22885759 BUSINESS ADDRESS: STREET 1: 645 FIFTH AVE CITY: NEW YORK STATE: NY ZIP: 10022 BUSINESS PHONE: 212-644-1800 MAIL ADDRESS: STREET 1: 645 FIFTH AVE CITY: NEW YORK STATE: NY ZIP: 10022 13F-HR 1 primary_doc.xml 13F-HR LIVE 0001362535 XXXXXXXX 03-31-2022 03-31-2022 false CULLEN CAPITAL MANAGEMENT, LLC

645 Fifth Ave New York NY 10022

13F HOLDINGS REPORT 028-11905 N STEVEN M MULLOOLY 212-843-0570 STEVEN M MULLOOLY NEW YORK NY 05-03-2022 0 280 10862477 false INFORMATION TABLE 2 12837.xml INFORMATION TABLE FOR FORM 13F 3i Group PLC (ADR) ADR 88579N105 31330 3332937 SH SOLE 2460959 0 871978 3M Co. COM 88579Y101 137714 924999 SH SOLE 716090 0 208909 3R Petroleum Oleo e Gas SA (AD ADR 88564C106 497 28100 SH SOLE 28100 0 0 AAR Corp. COM 000361105 298 6163 SH SOLE 6163 0 0 AbbVie Inc. COM 00287Y109 525 3240 SH SOLE 3240 0 0 ABC Brasil COM P0763M135 60 16470 SH SOLE 16470 0 0 Acadian Timber Corp. COM 004272100 556 36598 SH SOLE 36598 0 0 AIA Group Ltd COM Y002A1105 17427 1655676 SH SOLE 1655676 0 0 Airtel Africa PLC COM 50050N103 8238 4495378 SH SOLE 4495378 0 0 Allianz SE COM D03080112 2690 11225 SH SOLE 11225 0 0 Allianz SE (ADR) ADR 018820100 6979 293466 SH SOLE 211089 0 82377 Altria Group Inc. COM 02209S103 164643 3151056 SH SOLE 2525597 0 625459 American Express Co. COM 025816109 4288 22931 SH SOLE 22931 0 0 Ameris Bancorp COM 03076K108 651 14834 SH SOLE 14834 0 0 Amgen Inc. COM 031162100 546 2257 SH SOLE 2257 0 0 Anglo American PLC COM 3662Q1053 19920 381696 SH SOLE 381696 0 0 Apple Inc. COM 037833100 985 5640 SH SOLE 5640 0 0 Applied Materials Inc. COM 038222105 3007 22818 SH SOLE 22818 0 0 Arca Continental SAB de CV COM P0448R103 19772 2907916 SH SOLE 2907916 0 0 Archer-Daniels-Midland Co. COM 039483102 2410 26701 SH SOLE 26701 0 0 Arrow Electronics Inc. COM 042735100 4246 35794 SH SOLE 35794 0 0 Ascendas India Trust COM Y0259C104 6946 7910856 SH SOLE 7910856 0 0 Ascendas Real Estate Investmen COM Y0205X103 3949 1826444 SH SOLE 1826444 0 0 ASE Technology Holding Co. Ltd ADR 00215W100 40110 5657247 SH SOLE 4331685 0 1325562 AT&T Inc. COM 00206R102 136469 5775250 SH SOLE 4441276 0 1333974 Axalta Coating Systems Ltd. COM G0750C108 2411 98098 SH SOLE 98098 0 0 BAE Systems PLC COM G06940103 7229 767015 SH SOLE 767015 0 0 BAE Systems PLC (ADR) ADR 05523R107 51484 1366716 SH SOLE 959371 0 407345 Banco Del Bajio COM P1R2ZN117 11209 4082910 SH SOLE 4082910 0 0 Bank of America Corp. COM 060505104 218720 5306166 SH SOLE 4126955 0 1179211 Barrett Business Services Inc. COM 068463108 1051 13561 SH SOLE 13561 0 0 BCE Inc. COM 05534B760 304596 5492181 SH SOLE 4212472 0 1279709 BGSF Inc. COM 05601C105 1104 83858 SH SOLE 83858 0 0 Bizlink Holding Inc. COM G11474106 145 14000 SH SOLE 14000 0 0 Blackstone Inc COM 09260D107 287 2262 SH SOLE 2262 0 0 BMW AG COM D12096109 2555 29381 SH SOLE 29381 0 0 BNP Paribas SA COM F1058Q238 12337 214698 SH SOLE 214698 0 0 BNP Paribas SA (ADR) ADR 05565A202 40836 1432343 SH SOLE 1075910 0 356433 BOEING CO/THE COM 097023105 2291 11963 SH SOLE 11963 0 0 BorgWarner Inc. COM 099724106 3134 80578 SH SOLE 80578 0 0 Boston Properties Inc. COM 101121101 118446 919611 SH SOLE 705428 0 214183 Brigham Minerals Inc. COM 10918L103 583 22811 SH SOLE 22811 0 0 Bristol-Myers Squibb Co. COM 110122108 49543 678391 SH SOLE 678391 0 0 British American Tobacco PLC ( ADR 110448107 52571 1246943 SH SOLE 978404 0 268539 Britvic PLC COM G17387104 4096 386326 SH SOLE 386326 0 0 Britvic PLC (ADR) ADR 111190104 27525 1295293 SH SOLE 922465 0 372828 Broadcom Ltd. COM 11135F101 245356 389652 SH SOLE 306906 0 82746 Cabot Corp. COM 127055101 318 4651 SH SOLE 4651 0 0 Canadian National Railway Co. COM 136375102 3494 26046 SH SOLE 26046 0 0 Canadian Pacific Railway Ltd. COM 13645T100 516 6248 SH SOLE 6248 0 0 Carrier Global Corporation COM 14448C104 260 5673 SH SOLE 5673 0 0 Caterpillar Inc. COM 149123101 201 900 SH SOLE 900 0 0 Central Asia Metals COM 874080104 429 137300 SH SOLE 137300 0 0 Chevron Corp. COM 166764100 250454 1538132 SH SOLE 1230384 0 307748 Chubb Ltd. COM H1467J104 254883 1191601 SH SOLE 896047 0 295554 Cie de Saint-Gobain COM FR0343100 7413 123446 SH SOLE 123446 0 0 Cie de Saint-Gobain (ADR) ADR 204280309 36603 3081021 SH SOLE 2168536 0 912485 Cigna Corp. COM 125523100 2995 12499 SH SOLE 12499 0 0 Cisco Systems Inc. COM 17275R102 213498 3828871 SH SOLE 3066280 0 762591 CITIC Securities Company Ltd. COM Y1639N117 7081 3068053 SH SOLE 3068053 0 0 Citigroup Inc. COM 172967424 142740 2673031 SH SOLE 2127518 0 545513 Civitas Resources Inc. COM 17888H103 781 13088 SH SOLE 13088 0 0 Coca-Cola Femsa SAB de CV (ADR ADR 191241108 2460 44760 SH SOLE 44760 0 0 Columbia Sportswear Co. COM 198516106 602 6650 SH SOLE 6650 0 0 Comcast Corp. (Cl A) COM 20030N101 24817 530045 SH SOLE 530045 0 0 Communication Services Select COM 81369Y852 435 6327 SH SOLE 6327 0 0 Companhia de Saneamento Basico ADR 20441A102 213 21663 SH SOLE 21663 0 0 Comtech Telecommunications Cor COM 205826209 866 55202 SH SOLE 55202 0 0 ConAgra Brands Inc. COM 205887102 22975 684401 SH SOLE 684401 0 0 ConocoPhillips COM 20825C104 164875 1648749 SH SOLE 1304264 0 344485 Consumer Staples Select Sector COM 81369Y308 480 6319 SH SOLE 6319 0 0 Copa Holdings S.A. COM P31076105 380 4542 SH SOLE 4542 0 0 Coterra Energy Inc. COM 127097103 1487 55126 SH SOLE 55126 0 0 CSX Corp. COM 126408103 830 22154 SH SOLE 22154 0 0 DBS Group Holdings Ltd. (ADR) ADR 23304Y100 218 2095 SH SOLE 2095 0 0 Denny's Corp. COM 24869P104 862 60263 SH SOLE 60263 0 0 Deutsche Post AG COM D19225107 5917 122773 SH SOLE 122773 0 0 Deutsche Post AG (ADR) ADR 25157Y202 23566 492694 SH SOLE 387057 0 105637 Deutsche Telekom AG (ADR) ADR 251566105 23472 1260565 SH SOLE 898895 0 361670 Diageo PLC (ADR) ADR 25243Q205 114956 565897 SH SOLE 435457 0 130440 DNB Bank ASA (ADR) ADR 23341C103 41610 1843600 SH SOLE 1333554 0 510046 Doman Building Materials Group COM 25703L100 79 12300 SH SOLE 12300 0 0 Dominion Resources Inc. COM 25746U109 766 9011 SH SOLE 9011 0 0 Dow Inc COM 260557103 171682 2694323 SH SOLE 2274477 0 419846 Duke Energy Corp. COM 26441C204 231483 2073109 SH SOLE 1649002 0 424107 DuPont De Nemour COM 26614N102 923 12538 SH SOLE 12538 0 0 Eaton Corp. PLC COM G29183103 3184 20979 SH SOLE 20979 0 0 EC Healthcare COM G9320L100 91 85810 SH SOLE 85810 0 0 Eli Lilly & Co. COM 532457108 128875 450031 SH SOLE 357152 0 92879 Enel SPA (ADR) ADR 29265W207 31470 4732288 SH SOLE 3697174 0 1035114 ENI SpA (ADR) ADR 26874R108 304 10406 SH SOLE 10406 0 0 Enterprise Financial Services COM 293712105 348 7349 SH SOLE 7349 0 0 Enterprise Products Partners L COM 293792107 626 24246 SH SOLE 24246 0 0 Eurobank Ergasias SA (ADR) ADR 29873D104 213 373000 SH SOLE 373000 0 0 Exxon Mobil Corp. COM 30231G102 248895 3013625 SH SOLE 2354110 0 659515 Financial Select Sector SPDR F COM 81369Y605 552 14395 SH SOLE 14395 0 0 First Horizon Corp. COM 320517105 1199 51053 SH SOLE 51053 0 0 First Interstate Bancsystem In COM 32055Y201 1289 35064 SH SOLE 35064 0 0 General Dynamics Corp. COM 369550108 175464 727522 SH SOLE 538340 0 189182 General Electric Co. COM 369604301 664 7262 SH SOLE 7262 0 0 Genuine Parts Co. COM 372460105 209799 1664809 SH SOLE 1335769 0 329040 Globaltrans Investment PLC GDR COM 37949E204 48 109488 SH SOLE 109488 0 0 Gran Tierra Energy Inc. COM 38500T101 45 28518 SH SOLE 28518 0 0 Grupo Mexico SAB de CV COM P49538112 17449 2916609 SH SOLE 2916609 0 0 Haemonetics Corp. COM 405024100 1011 15984 SH SOLE 15984 0 0 Healthpeak Properties Inc COM 42250P103 200529 5841203 SH SOLE 4717843 0 1123360 Hellenic Telecommunications Or COM 40412C101 7923 436599 SH SOLE 436599 0 0 Hellenic Telecommunications Or ADR 423325307 4662 522105 SH SOLE 522105 0 0 Helmerich & Payne Inc. COM 423452101 484 11323 SH SOLE 11323 0 0 HF Sinclair Corporation COM 403949100 607 15244 SH SOLE 15244 0 0 Honeywell International Inc. COM 438516106 3698 18985 SH SOLE 18985 0 0 Host Hotels & Resorts Inc. COM 44107P104 1256 64667 SH SOLE 64667 0 0 Huntsman Corp. COM 447011107 854 22777 SH SOLE 22777 0 0 Iberdola SA (ADR) ADR 450737101 25122 575392 SH SOLE 378095 0 197297 ICICI Bank Ltd. (ADR) ADR 45104G104 21223 1120532 SH SOLE 1120532 0 0 Industrial Select Sector SPDR COM 81369Y704 283 2746 SH SOLE 2746 0 0 Intel Corp. COM 458140100 200378 4043139 SH SOLE 3243616 0 799523 International Business Machine COM 459200101 663 5100 SH SOLE 5100 0 0 iShares MSCI EAFE ETF COM 464287465 820 11148 SH SOLE 11148 0 0 iShares MSCI India ETF COM 46429B598 7049 158154 SH SOLE 158154 0 0 iShares MSCI South Korea ETF COM 464286772 9020 126636 SH SOLE 126636 0 0 iShares MSCI Taiwan ETF COM 46434G772 7591 123529 SH SOLE 123529 0 0 iShares S&P Latin America 40 E COM 464287390 211 6930 SH SOLE 6930 0 0 Itau Unibanco Holding SA-Pref ADR 465562106 10612 1858581 SH SOLE 1858581 0 0 Johnson & Johnson COM 478160104 243830 1375783 SH SOLE 1043022 0 332761 Johnson Controls International COM G51502105 219492 3347439 SH SOLE 2617851 0 729588 JP Morgan Chase & Co. COM 46625H100 253995 1863230 SH SOLE 1495963 0 367267 Kaspi.kz JSC COM 48581R205 6329 126330 SH SOLE 126330 0 0 Kimberly-Clark Corp. COM 494368103 128932 1046865 SH SOLE 794744 0 252121 Klabin S/A UNT N2 COM P6115V251 70 13740 SH SOLE 13740 0 0 KMC Kuei Meng International In COM Y1662S108 3180 484200 SH SOLE 484200 0 0 Kossan Rubber Industries Berha COM Y4964F105 30 65000 SH SOLE 65000 0 0 KWG Group Holdings COM G53224104 2552 6169322 SH SOLE 6169322 0 0 Lazard Ltd. COM G54050102 336 9753 SH SOLE 9753 0 0 Linde PLC COM G5494J103 319 1000 SH SOLE 1000 0 0 Link REIT COM Y5281M111 265 31000 SH SOLE 31000 0 0 Lowe's Cos. Inc. COM 548661107 142447 704522 SH SOLE 557614 0 146908 Mahindra & Mahindra Reg S (GDR COM Y54164119 486 43788 SH SOLE 43788 0 0 Mapletree Industrial Trust COM Y5759S103 203 102350 SH SOLE 102350 0 0 MasterCraft Boat Holdings Inc. COM 57637H103 227 9218 SH SOLE 9218 0 0 Mayville Engineering Company I COM 578605107 369 39412 SH SOLE 39412 0 0 McDonald's Corp. COM 580135101 2262 9148 SH SOLE 9148 0 0 Mediatek Inc COM Y5945U103 6241 197400 SH SOLE 197400 0 0 Medtronic PLC COM G5960L103 238654 2151007 SH SOLE 1706141 0 444866 Merck & Co. Inc. COM 58933Y105 212148 2585593 SH SOLE 2093769 0 491824 Michelin cie Generale de Estab ADR 59410T106 26630 985577 SH SOLE 659103 0 326474 Microsoft Corp. COM 594918104 100896 327254 SH SOLE 263697 0 63557 MKS Instruments Inc. COM 55306N104 410 2735 SH SOLE 2735 0 0 MMC Norilsk Nickel PJSC (ADR) ADR 55315J102 89 29525 SH SOLE 29525 0 0 Mondelez International Inc. COM 609207105 4528 72132 SH SOLE 72132 0 0 Morgan Stanley COM 617446448 239640 2741878 SH SOLE 2183321 0 558557 Muenchener Ruechversicherungs COM D55535104 3070 11417 SH SOLE 11417 0 0 Muenchener Ruechversicherungs ADR 626188106 25649 963533 SH SOLE 726075 0 237458 Nagacorp Ltd. COM G6382M109 75 83707 SH SOLE 83707 0 0 National Bank of Canada COM 633067103 1106 14418 SH SOLE 14418 0 0 Nestle SA COM H57312649 6655 51159 SH SOLE 51159 0 0 Nestle SA (ADR) ADR 641069406 59397 456548 SH SOLE 321834 0 134714 Newmont Corp. COM 651639106 434 5465 SH SOLE 5465 0 0 NextEra Energy Inc COM 65339F101 222347 2624800 SH SOLE 1942856 0 681944 Nippon Telegraph & Telephone C COM J59396101 11693 401490 SH SOLE 401490 0 0 Nippon Telegraph & Telephone C ADR 654624105 67795 2328937 SH SOLE 1653354 0 675583 NN Group NV (ADR) ADR 629334103 35088 1394049 SH SOLE 1078011 0 316038 Norfolk Southern Corp. COM 655844108 250 875 SH SOLE 875 0 0 Novartis AG COM H5820Q150 2991 34009 SH SOLE 34009 0 0 Novartis AG (ADR) ADR 66987V109 289160 3295271 SH SOLE 2576328 0 718943 OPAP SA COM X3232T104 16347 1119152 SH SOLE 1119152 0 0 OPAP SA (ADR) ADR 392483103 7809 1106033 SH SOLE 1106033 0 0 Oracle Corp. COM 68389X105 4778 57759 SH SOLE 57759 0 0 Otis Worldwide Corporation COM 68902V107 204 2646 SH SOLE 2646 0 0 Pacific Basin Shipping Ltd. COM G68437139 10 19295 SH SOLE 19295 0 0 Packaging Corp. of America COM 695156109 2687 17213 SH SOLE 17213 0 0 Parkway Life REIT COM Y67202104 631 182000 SH SOLE 182000 0 0 PAX Global Technology Ltd. COM G6955J103 6953 8443483 SH SOLE 8443483 0 0 PepsiCo Inc. COM 713448108 1467 8765 SH SOLE 8765 0 0 Persimmon PLC (ADR) ADR 715318101 18140 323112 SH SOLE 226379 0 96733 Petroleo Brasileiro SA COM P78331132 15912 2150066 SH SOLE 2150066 0 0 Petroleo Brasileiro SA (ADR) ADR 71654V408 11158 753910 SH SOLE 753910 0 0 Pfizer Inc. COM 717081103 192086 3710369 SH SOLE 2806452 0 903917 Philip Morris International In COM 718172109 233587 2486555 SH SOLE 1959103 0 527452 Power Corporation of Canada COM 739239101 40351 1302080 SH SOLE 1009141 0 292939 Power Corporation of Canada COM 739239101 7858 253859 SH SOLE 253859 0 0 PPL Corp. COM 69351T106 37952 1328834 SH SOLE 1328834 0 0 Premier Financial Corp COM 74052F108 229 7559 SH SOLE 7559 0 0 Prologis Property Mexico COM P4559M101 19243 7370667 SH SOLE 7370667 0 0 PT Bank Rakyat Indonesia Perse COM Y0697U112 18842 58030698 SH SOLE 58030698 0 0 PT Indo Tambangraya Megah Taba COM Y71244100 32 16000 SH SOLE 16000 0 0 PT International Nickel Indone COM Y39128148 47 100000 SH SOLE 100000 0 0 PT Telkom Indonesia Persero Tb COM Y71474137 15044 47142659 SH SOLE 47142659 0 0 Public Service Enterprise Grou COM 744573106 655 9360 SH SOLE 9360 0 0 Public Storage COM 74460D109 738 1891 SH SOLE 1891 0 0 Quanta Computer Inc. COM Y7174J106 13522 4383900 SH SOLE 4383900 0 0 Ralph Lauren Corp. COM 751212101 651 5740 SH SOLE 5740 0 0 Rayonier Inc. COM 754907103 442 10743 SH SOLE 10743 0 0 Raytheon Technologies Corp. COM 75513E101 281607 2842508 SH SOLE 2354366 0 488142 Real Estate Select Sector SPDR COM 81369Y860 296 6119 SH SOLE 6119 0 0 Rio Tinto PLC (ADR) ADR 767204100 94971 1181237 SH SOLE 979281 0 201956 Roche Holding AG COM H69293217 7936 20011 SH SOLE 20011 0 0 Roche Holding AG (ADR) ADR 771195104 56548 1144467 SH SOLE 803897 0 340570 Rolls-Royce Holdings PLC (ADR) ADR 775781206 64 48000 SH SOLE 48000 0 0 Royal Bank of Canada COM 780087102 585 5305 SH SOLE 5305 0 0 Ruth's Hospitality Group Inc. COM 783332109 913 39908 SH SOLE 39908 0 0 Samsung Electronics Co. Ltd. - COM 796050201 6148 4766 SH SOLE 4766 0 0 Samsung Electronics Co. Ltd. - COM Y74718118 3445 66415 SH SOLE 66415 0 0 Samsung Electronics GDR COM 796050888 5240 3693 SH SOLE 3693 0 0 San Juan Basin Royalty Trust COM 798241105 700 79850 SH SOLE 79850 0 0 Sanofi COM F5548N101 7639 74623 SH SOLE 74623 0 0 Sanofi (ADR) ADR 80105N105 40018 779461 SH SOLE 563834 0 215627 Sasol Ltd. COM 803866102 15997 658680 SH SOLE 658680 0 0 Select Energy Services Inc. COM 81617J301 165 19217 SH SOLE 19217 0 0 Sempra Energy COM 816851109 1951 11606 SH SOLE 11606 0 0 Sensata Technologies Holding P COM G8060N102 2162 42522 SH SOLE 42522 0 0 Shell PLC (ADR) ADR 780259305 38565 702069 SH SOLE 473187 0 228882 Shinhan Financial Group Compan ADR 824596100 10506 314258 SH SOLE 314258 0 0 Siemens AG COM D69671218 6271 45098 SH SOLE 45098 0 0 Siemens AG (ADR) ADR 826197501 219886 3180303 SH SOLE 2554544 0 625759 Silicon Motion Technology Corp ADR 82706C108 1669 24985 SH SOLE 24985 0 0 Simon Property Group Inc. COM 828806109 828 6291 SH SOLE 6291 0 0 Singapore Technologies Enginee COM Y7996W103 75 24600 SH SOLE 24600 0 0 SK Telecom Co Ltd (ADR) ADR 78440P306 7824 305256 SH SOLE 305256 0 0 Skyworks Solutions Inc. COM 83088M102 2350 17635 SH SOLE 17635 0 0 SLC Agricola SA (ADR) ADR 78444J108 6854 649658 SH SOLE 649658 0 0 Smurfit Kappa Group PLC COM G8248F104 5869 131122 SH SOLE 131122 0 0 Smurfit Kappa Group PLC (ADR) ADR 83272W106 33470 754681 SH SOLE 583752 0 170929 Softbank Corp (ADR) ADR 83405K102 51539 4439155 SH SOLE 3269562 0 1169593 Sonic Healthcare Ltd. COM Q8563C107 2949 111063 SH SOLE 111063 0 0 Sonic Healthcare Ltd. (ADR) ADR 83546A203 23353 877924 SH SOLE 613233 0 264691 SouthState Corp. COM 840441109 499 6114 SH SOLE 6114 0 0 Spirit AeroSystems Holdings In COM 848574109 565 11561 SH SOLE 11561 0 0 Spirit of Texas Bancshares In COM 84861D103 726 27622 SH SOLE 27622 0 0 Steelcase Inc. COM 858155203 369 30838 SH SOLE 30838 0 0 Stella International Holdings COM G84698102 20 20560 SH SOLE 20560 0 0 Stora Enso Oyj COM X21349117 392 19870 SH SOLE 19870 0 0 Suzano SA (ADR) ADR 86959K105 159 13685 SH SOLE 13685 0 0 Svenska Handelsbanken AB (ADR) ADR 86959C103 40779 8923268 SH SOLE 6298019 0 2625249 Taiwan Semiconductor Manufactu ADR 874039100 19985 191688 SH SOLE 191688 0 0 Target Corp. COM 87612E106 176853 833346 SH SOLE 643103 0 190243 Taylor Morrison Corp. COM 87724P106 290 10655 SH SOLE 10655 0 0 Technology Select Sector SPDR COM 81369Y803 216 1361 SH SOLE 1361 0 0 Tesco PLC (ADR) ADR 881575401 49420 4538132 SH SOLE 3234882 0 1303250 The Allstate Corp. COM 020002101 32672 235884 SH SOLE 235884 0 0 The Chemours Co. COM 163851108 466 14795 SH SOLE 14795 0 0 The Coca-Cola Co. COM 191216100 381 6149 SH SOLE 6149 0 0 The JM Smucker Co. COM 832696405 1175 8676 SH SOLE 8676 0 0 The PNC Financial Services Gro COM 693475105 2743 14872 SH SOLE 14872 0 0 The Procter & Gamble Co. COM 742718109 2483 16249 SH SOLE 16249 0 0 The Siam Commerical Bank PCL COM Y7905M113 54 15660 SH SOLE 15660 0 0 The Travelers Companies Inc. COM 89417E109 120058 657023 SH SOLE 494089 0 162934 The Walt Disney Co. COM 254687106 4111 29972 SH SOLE 29972 0 0 Thermo Fisher Scientific Inc. COM 883556102 1607 2720 SH SOLE 2720 0 0 Tisco Financial Group - Foreig COM Y8843E114 41 13600 SH SOLE 13600 0 0 Tokio Marine Holdings Inc. COM J86298106 6246 106660 SH SOLE 106660 0 0 Tokio Marine Holdings Inc. (AD ADR 889094108 50660 870897 SH SOLE 633858 0 237039 TotalEnergies SE (ADR) ADR 89151E109 56411 1116167 SH SOLE 856180 0 259987 Toyota Motor Corp. (ADR) ADR 892331307 94444 523959 SH SOLE 430133 0 93826 Truist Financial Corp COM 89832Q109 205357 3621823 SH SOLE 2939331 0 682492 UBS Group AG (ADR) ADR H42097107 1424 72893 SH SOLE 38379 0 34514 Unilever PLC COM N8981F271 1293 28530 SH SOLE 28530 0 0 Unilever PLC (ADR) ADR 904767704 154321 3386471 SH SOLE 2722958 0 663513 Union Pacific Corp. COM 907818108 3790 13871 SH SOLE 13871 0 0 United Overseas Bank Ltd. COM V96194127 10728 454098 SH SOLE 454098 0 0 United Overseas Bank Ltd. (ADR ADR 911271302 66246 1420664 SH SOLE 1009635 0 411029 United Parcel Service Inc. COM 911312106 177482 827578 SH SOLE 644210 0 183368 UPM-Kymmene Oyj COM X9518S108 5160 157210 SH SOLE 157210 0 0 UPM-Kymmene OYJ (ADR) ADR 915436208 22282 682449 SH SOLE 500237 0 182212 Vale SA (ADR) ADR 91912E105 60869 3044954 SH SOLE 2320453 0 724501 Valero Energy Corp. COM 91913Y100 322 3170 SH SOLE 3170 0 0 VanEck Vietnam ETF COM 92189F817 1453 77007 SH SOLE 77007 0 0 Verizon Communications Inc. COM 92343V104 38351 752871 SH SOLE 752871 0 0 Vici Properties Inc. COM 925652109 155219 5453931 SH SOLE 4478824 0 975107 Volvo AB B-Shares COM 928856301 4034 214824 SH SOLE 214824 0 0 Volvo AB B-Shares (ADR) ADR 928854108 19338 1039142 SH SOLE 823268 0 215874 Walgreens Boots Alliance Inc. COM 931427108 133223 2975719 SH SOLE 2294192 0 681527 Wal-Mart Stores Inc. COM 931142103 3484 23396 SH SOLE 23396 0 0 Welltower Inc. COM 95040Q104 451 4696 SH SOLE 4696 0 0 Weyerhaeuser Co. COM 962166104 396 10457 SH SOLE 10457 0 0 WP Carey Inc. COM 92936U109 551 6815 SH SOLE 6815 0 0 Xinyi Glass Holdings Ltd. (ADR ADR 98418R100 22811 470186 SH SOLE 327778 0 142408 Zijin Mining Group Co. Ltd. COM Y9892H107 18476 12000698 SH SOLE 12000698 0 0 Zurich Insurance Group AG COM H9870Y105 11427 23115 SH SOLE 23115 0 0 Zurich Insurance Group AG (ADR ADR 989825104 60230 1223695 SH SOLE 867737 0 355958