0000950123-22-008472.txt : 20220811 0000950123-22-008472.hdr.sgml : 20220811 20220811171950 ACCESSION NUMBER: 0000950123-22-008472 CONFORMED SUBMISSION TYPE: 13F-HR PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20220630 FILED AS OF DATE: 20220811 DATE AS OF CHANGE: 20220811 EFFECTIVENESS DATE: 20220811 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: 221156972 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 06-30-2022 06-30-2022 false CULLEN CAPITAL MANAGEMENT, LLC

645 Fifth Ave New York NY 10022

13F HOLDINGS REPORT 028-11905 N Aiden Kelly 646-200-7609 Aiden Kelly NEW YORK NY 08-11-2022 0 282 9957516 false INFORMATION TABLE 2 16207.xml INFORMATION TABLE FOR FORM 13F 3i Group PLC (ADR) ADR 88579N105 30118 4435697 SH SOLE 3389408 0 1046289 3M Co. COM 88579Y101 115913 895707 SH SOLE 695084 0 200623 3R Petroleum Oleo e Gas SA (AD ADR 88564C106 380 28100 SH SOLE 28100 0 0 AbbVie Inc. COM 00287Y109 496 3240 SH SOLE 3240 0 0 ABC Brasil COM P0763M135 39 13210 SH SOLE 13210 0 0 Acadian Timber Corp. COM 004272100 472 36598 SH SOLE 36598 0 0 AIA Group Ltd COM Y002A1105 20415 1883495 SH SOLE 1883495 0 0 Airtel Africa PLC COM 50050N103 15113 9182637 SH SOLE 9182637 0 0 Allianz SE COM D03080112 393 2058 SH SOLE 2058 0 0 Allianz SE (ADR) ADR 018820100 6164 323891 SH SOLE 202387 0 121504 Altria Group Inc. COM 02209S103 134739 3225724 SH SOLE 2614596 0 611128 American Express Co. COM 025816109 3080 22217 SH SOLE 22217 0 0 Ameris Bancorp COM 03076K108 596 14834 SH SOLE 14834 0 0 Amgen Inc. COM 031162100 549 2257 SH SOLE 2257 0 0 Anglo American PLC COM 3662Q1053 11494 321482 SH SOLE 321482 0 0 ANI Pharmaceuticals Inc. COM 00182C103 315 10623 SH SOLE 10623 0 0 Apple Inc. COM 037833100 771 5640 SH SOLE 5640 0 0 Applied Materials Inc. COM 038222105 2017 22165 SH SOLE 22165 0 0 Arca Continental SAB de CV COM P0448R103 20047 3042155 SH SOLE 3042155 0 0 Archer-Daniels-Midland Co. COM 039483102 2063 26588 SH SOLE 26588 0 0 Arrow Electronics Inc. COM 042735100 3889 34691 SH SOLE 34691 0 0 Ascendas India Trust COM Y0259C104 5654 6713952 SH SOLE 6713952 0 0 Ascendas Real Estate Investmen COM Y0205X103 5739 2797613 SH SOLE 2797613 0 0 ASE Technology Holding Co. Ltd ADR 00215W100 27652 5348505 SH SOLE 3933857 0 1414648 AT&T Inc. COM 00206R102 129511 6178982 SH SOLE 4467139 0 1711842 Axalta Coating Systems Ltd. COM G0750C108 1972 89211 SH SOLE 89211 0 0 BAE Systems PLC COM G06940103 7680 759923 SH SOLE 759923 0 0 BAE Systems PLC (ADR) ADR 05523R107 56330 1387431 SH SOLE 960047 0 427384 Banco Del Bajio COM P1R2ZN117 9459 4718298 SH SOLE 4718298 0 0 Bank of America Corp. COM 060505104 172775 5550123 SH SOLE 4326219 0 1223905 Barrett Business Services Inc. COM 068463108 988 13561 SH SOLE 13561 0 0 BCE Inc. COM 05534B760 268328 5456046 SH SOLE 4177478 0 1278569 BGSF Inc. COM 05601C105 1036 83858 SH SOLE 83858 0 0 Blackstone Inc COM 09260D107 206 2262 SH SOLE 2262 0 0 BMW AG COM D12096109 2742 35616 SH SOLE 35616 0 0 BNP Paribas SA COM F1058Q238 7336 154323 SH SOLE 154323 0 0 BNP Paribas SA (ADR) ADR 05565A202 36813 1533875 SH SOLE 1077765 0 456110 BOEING CO/THE COM 097023105 1653 12088 SH SOLE 12088 0 0 BorgWarner Inc. COM 099724106 2826 84684 SH SOLE 84684 0 0 Boston Properties Inc. COM 101121101 68219 766683 SH SOLE 579193 0 187490 Brigham Minerals Inc. COM 10918L103 466 18937 SH SOLE 18937 0 0 Bristol-Myers Squibb Co. COM 110122108 59460 772211 SH SOLE 772211 0 0 British American Tobacco PLC ( ADR 110448107 55726 1298671 SH SOLE 999274 0 299397 Britvic PLC COM G17387104 3736 378449 SH SOLE 378449 0 0 Britvic PLC (ADR) ADR 111190104 24537 1238639 SH SOLE 856132 0 382507 Broadcom Ltd. COM 11135F101 191536 394260 SH SOLE 313021 0 81239 Cabot Corp. COM 127055101 283 4431 SH SOLE 4431 0 0 Canadian National Railway Co. COM 136375102 2963 26343 SH SOLE 26343 0 0 Canadian Pacific Railway Ltd. COM 13645T100 436 6248 SH SOLE 6248 0 0 Carrier Global Corporation COM 14448C104 202 5673 SH SOLE 5673 0 0 Central Asia Metals COM 874080104 357 132580 SH SOLE 132580 0 0 Chevron Corp. COM 166764100 223123 1541118 SH SOLE 1238779 0 302339 Chubb Ltd. COM H1467J104 225213 1145658 SH SOLE 861011 0 284648 Cie de Saint-Gobain COM FR0343100 5097 118801 SH SOLE 118801 0 0 Cie de Saint-Gobain (ADR) ADR 204280309 23526 2751637 SH SOLE 1913360 0 838277 Cigna Corp. COM 125523100 3791 14386 SH SOLE 14386 0 0 Cisco Systems Inc. COM 17275R102 175859 4124277 SH SOLE 3354575 0 769702 CITIC Securities Company Ltd. COM Y1639N117 6090 2724458 SH SOLE 2724458 0 0 Citigroup Inc. COM 172967424 119375 2595683 SH SOLE 2015021 0 580662 Civitas Resources Inc. COM 17888H103 457 8740 SH SOLE 8740 0 0 Coca-Cola Femsa SAB de CV (ADR ADR 191241108 12673 229248 SH SOLE 146768 0 82480 Comcast Corp. (Cl A) COM 20030N101 129517 3300647 SH SOLE 2675593 0 625054 Communication Services Select COM 81369Y852 620 11429 SH SOLE 11429 0 0 Companhia de Saneamento Basico ADR 20441A102 96 12036 SH SOLE 12036 0 0 Comtech Telecommunications Cor COM 205826209 303 33352 SH SOLE 33352 0 0 ConAgra Brands Inc. COM 205887102 27739 810124 SH SOLE 810124 0 0 ConocoPhillips COM 20825C104 140806 1567823 SH SOLE 1258936 0 308887 Consumer Discretionary Select COM 81369Y407 5162 37544 SH SOLE 37544 0 0 Consumer Staples Select Sector COM 81369Y308 9247 128104 SH SOLE 128104 0 0 Copa Holdings S.A. COM P31076105 288 4542 SH SOLE 4542 0 0 Coterra Energy Inc. COM 127097103 787 30521 SH SOLE 30521 0 0 CSX Corp. COM 126408103 834 28690 SH SOLE 28690 0 0 Denny's Corp. COM 24869P104 340 39213 SH SOLE 39213 0 0 Deutsche Post AG COM D19225107 5426 144872 SH SOLE 144872 0 0 Deutsche Post AG (ADR) ADR 25157Y202 18007 479560 SH SOLE 339094 0 140466 Deutsche Telekom AG (ADR) ADR 251566105 26019 1306156 SH SOLE 899273 0 406883 Diageo PLC (ADR) ADR 25243Q205 97363 559173 SH SOLE 432369 0 126804 DNB Bank ASA (ADR) ADR 23341C103 32652 1803982 SH SOLE 1330153 0 473829 Doman Building Materials Group COM 25703L100 60 12300 SH SOLE 12300 0 0 Dominion Resources Inc. COM 25746U109 742 9297 SH SOLE 9297 0 0 Dow Inc COM 260557103 148448 2876348 SH SOLE 2444197 0 432151 Duke Energy Corp. COM 26441C204 231188 2156400 SH SOLE 1730530 0 425871 DuPont De Nemour COM 26614N102 934 16812 SH SOLE 16812 0 0 Eaton Corp. PLC COM G29183103 2818 22364 SH SOLE 22364 0 0 EC Healthcare COM G9320L100 74 73090 SH SOLE 73090 0 0 Eli Lilly & Co. COM 532457108 85555 263870 SH SOLE 196972 0 66898 Enbridge Inc. COM 29250N105 442 10469 SH SOLE 10469 0 0 Enel SPA (ADR) ADR 29265W207 23199 4256759 SH SOLE 3135349 0 1121410 Energy Transfer LP COM 29273V100 5341 535187 SH SOLE 535187 0 0 Enterprise Products Partners L COM 293792107 593 24325 SH SOLE 24325 0 0 Eurobank Ergasias SA (ADR) ADR 29873D104 3979 9252943 SH SOLE 9252943 0 0 Exxon Mobil Corp. COM 30231G102 243155 2839273 SH SOLE 2256279 0 582995 Financial Select Sector SPDR F COM 81369Y605 17065 542613 SH SOLE 542613 0 0 First Horizon Corp. COM 320517105 1116 51053 SH SOLE 51053 0 0 First Interstate Bancsystem In COM 32055Y201 1336 35064 SH SOLE 35064 0 0 General Dynamics Corp. COM 369550108 159118 719176 SH SOLE 533907 0 185270 General Electric Co. COM 369604301 522 8195 SH SOLE 8195 0 0 General Mills Inc. COM 370334104 202 2677 SH SOLE 2677 0 0 Genuine Parts Co. COM 372460105 227269 1708791 SH SOLE 1379727 0 329064 Globaltrans Investment PLC GDR COM 37949E204 0 105558 SH SOLE 105558 0 0 Gran Tierra Energy Inc. COM 38500T101 30 26278 SH SOLE 26278 0 0 Grupo Mexico SAB de CV COM P49538112 11673 2818607 SH SOLE 2818607 0 0 Haemonetics Corp. COM 405024100 1042 15984 SH SOLE 15984 0 0 Health Care Select Sector SPDR COM 81369Y209 14784 115285 SH SOLE 115285 0 0 Healthpeak Properties Inc COM 42250P103 142028 5481587 SH SOLE 4478704 0 1002883 Hellenic Telecommunications Or COM 40412C101 7085 408031 SH SOLE 408031 0 0 Hellenic Telecommunications Or ADR 423325307 3306 363750 SH SOLE 363750 0 0 Helmerich & Payne Inc. COM 423452101 348 8074 SH SOLE 8074 0 0 HF Sinclair Corporation COM 403949100 604 13379 SH SOLE 13379 0 0 Honeywell International Inc. COM 438516106 3301 18985 SH SOLE 18985 0 0 Host Hotels & Resorts Inc. COM 44107P104 432 27546 SH SOLE 27546 0 0 Huntsman Corp. COM 447011107 566 19957 SH SOLE 19957 0 0 Iberdola SA (ADR) ADR 450737101 24138 583455 SH SOLE 379205 0 204250 ICICI Bank Ltd. (ADR) ADR 45104G104 17571 990499 SH SOLE 990499 0 0 Industrial Select Sector SPDR COM 81369Y704 6527 74728 SH SOLE 74728 0 0 Intel Corp. COM 458140100 165572 4425865 SH SOLE 3537114 0 888751 International Business Machine COM 459200101 541 3832 SH SOLE 3832 0 0 iShares MSCI EAFE ETF COM 464287465 8373 133994 SH SOLE 133994 0 0 iShares MSCI EAFE Value ETF COM 464288877 667 15360 SH SOLE 15360 0 0 iShares MSCI Emerging Markets COM 464287234 2176 54267 SH SOLE 54267 0 0 iShares MSCI India ETF COM 46429B598 4918 124927 SH SOLE 124927 0 0 iShares MSCI South Africa ETF COM 464286780 429 10106 SH SOLE 10106 0 0 iShares MSCI South Korea ETF COM 464286772 6184 106276 SH SOLE 106276 0 0 iShares MSCI Taiwan ETF COM 46434G772 5941 117834 SH SOLE 117834 0 0 iShares S&P Latin America 40 E COM 464287390 417 18500 SH SOLE 18500 0 0 Itau Unibanco Holding SA-Pref ADR 465562106 6237 1457207 SH SOLE 1457207 0 0 Johnson & Johnson COM 478160104 241617 1361146 SH SOLE 1028693 0 332453 Johnson Controls International COM G51502105 174074 3635641 SH SOLE 2858602 0 777039 JP Morgan Chase & Co. COM 46625H100 221371 1965816 SH SOLE 1569044 0 396772 Kaspi.kz JSC COM 48581R205 5453 119850 SH SOLE 119850 0 0 Kimberly-Clark Corp. COM 494368103 146691 1085396 SH SOLE 793997 0 291399 Kindred Group COM X9415A119 313 37646 SH SOLE 37646 0 0 Klabin S/A UNT N2 COM P6115V251 53 13740 SH SOLE 13740 0 0 KMC Kuei Meng International In COM Y1662S108 2421 435000 SH SOLE 435000 0 0 Kossan Rubber Industries Berha COM Y4964F105 19 65000 SH SOLE 65000 0 0 Lazard Ltd. COM G54050102 316 9753 SH SOLE 9753 0 0 Linde PLC COM G5494J103 288 1000 SH SOLE 1000 0 0 Link REIT COM Y5281M111 289 35400 SH SOLE 35400 0 0 Lowe's Cos. Inc. COM 548661107 123924 709474 SH SOLE 557524 0 151950 Mahindra & Mahindra Reg S (GDR COM Y54164119 596 43788 SH SOLE 43788 0 0 Mapletree Industrial Trust COM Y5759S103 192 102350 SH SOLE 102350 0 0 Materials Select Sector SPDR F COM 81369Y100 431 5860 SH SOLE 5860 0 0 Mayville Engineering Company I COM 578605107 305 39412 SH SOLE 39412 0 0 McDonald's Corp. COM 580135101 2200 8911 SH SOLE 8911 0 0 Mediatek Inc COM Y5945U103 5372 245400 SH SOLE 245400 0 0 Medtronic PLC COM G5960L103 183795 2047860 SH SOLE 1670007 0 377853 Merck & Co. Inc. COM 58933Y105 233997 2566600 SH SOLE 2078456 0 488145 Michelin cie Generale de Estab ADR 59410T106 20733 1530112 SH SOLE 992821 0 537291 Microsoft Corp. COM 594918104 83244 324121 SH SOLE 259729 0 64392 MKS Instruments Inc. COM 55306N104 277 2699 SH SOLE 2699 0 0 MMC Norilsk Nickel PJSC (ADR) ADR 55315J102 90 29793 SH SOLE 29793 0 0 Mondelez International Inc. COM 609207105 4986 80299 SH SOLE 80299 0 0 Morgan Stanley COM 617446448 218891 2877877 SH SOLE 2298811 0 579066 Muenchener Ruechversicherungs COM D55535104 2919 12424 SH SOLE 12424 0 0 Muenchener Ruechversicherungs ADR 626188106 24606 1047528 SH SOLE 719538 0 327990 Nagacorp Ltd. COM G6382M109 60 73790 SH SOLE 73790 0 0 National Bank of Canada COM 633067103 947 14418 SH SOLE 14418 0 0 Natus Medical Inc COM 639050103 340 10390 SH SOLE 10390 0 0 Nestle SA COM H57312649 6443 55194 SH SOLE 55194 0 0 Nestle SA (ADR) ADR 641069406 53162 456755 SH SOLE 321061 0 135694 Newmont Corp. COM 651639106 326 5465 SH SOLE 5465 0 0 NextEra Energy Inc COM 65339F101 204802 2643968 SH SOLE 1958305 0 685663 Nickel Asia Corp. COM Y6350R106 160 1400000 SH SOLE 1400000 0 0 Nippon Telegraph & Telephone C COM J59396101 10399 362191 SH SOLE 362191 0 0 Nippon Telegraph & Telephone C ADR 654624105 66472 2310477 SH SOLE 1624385 0 686092 NN Group NV (ADR) ADR 629334103 34898 1539397 SH SOLE 1067801 0 471596 Novartis AG COM H5820Q150 2419 28564 SH SOLE 28564 0 0 Novartis AG (ADR) ADR 66987V109 284302 3363332 SH SOLE 2645236 0 718096 OPAP SA COM X3232T104 17875 1249698 SH SOLE 1249698 0 0 OPAP SA (ADR) ADR 392483103 7426 1043002 SH SOLE 1043002 0 0 Oracle Corp. COM 68389X105 4110 58825 SH SOLE 58825 0 0 Packaging Corp. of America COM 695156109 2382 17324 SH SOLE 17324 0 0 Parkway Life REIT COM Y67202104 638 182000 SH SOLE 182000 0 0 PAX Global Technology Ltd. COM G6955J103 6406 8226540 SH SOLE 8226540 0 0 PepsiCo Inc. COM 713448108 1461 8765 SH SOLE 8765 0 0 Persimmon PLC (ADR) ADR 715318101 14497 318470 SH SOLE 214785 0 103685 Petroleo Brasileiro SA COM P78331132 13433 2301683 SH SOLE 2301683 0 0 Petroleo Brasileiro SA (ADR) ADR 71654V408 8128 695893 SH SOLE 695893 0 0 Pfizer Inc. COM 717081103 192673 3674855 SH SOLE 2786963 0 887892 Philip Morris International In COM 718172109 247421 2505785 SH SOLE 1967283 0 538503 Power Corporation of Canada COM 739239101 34682 1348433 SH SOLE 996402 0 352031 Power Corporation of Canada COM 739239101 6968 270819 SH SOLE 270819 0 0 PPL Corp. COM 69351T106 39830 1468126 SH SOLE 1468126 0 0 Prologis Property Mexico COM P4559M101 18988 7239471 SH SOLE 7239471 0 0 PT Bank Rakyat Indonesia Perse COM Y0697U112 16418 59070304 SH SOLE 59070304 0 0 PT Indo Tambangraya Megah Taba COM Y71244100 33 16000 SH SOLE 16000 0 0 PT International Nickel Indone COM Y39128148 22 59000 SH SOLE 59000 0 0 PT Telkom Indonesia Persero Tb COM Y71474137 12252 45734140 SH SOLE 45734140 0 0 Public Service Enterprise Grou COM 744573106 592 9360 SH SOLE 9360 0 0 Public Storage COM 74460D109 591 1891 SH SOLE 1891 0 0 QUALCOMM Inc. COM 747525103 660 5165 SH SOLE 5165 0 0 Quanta Computer Inc. COM Y7174J106 2677 997800 SH SOLE 997800 0 0 Ralph Lauren Corp. COM 751212101 733 8179 SH SOLE 8179 0 0 Rayonier Inc. COM 754907103 402 10743 SH SOLE 10743 0 0 Raytheon Technologies Corp. COM 75513E101 276192 2873704 SH SOLE 2388039 0 485665 Real Estate Select Sector SPDR COM 81369Y860 35197 861405 SH SOLE 861405 0 0 Rio Tinto PLC (ADR) ADR 767204100 75637 1239946 SH SOLE 1069179 0 170767 RLJ Lodging Trust COM 74965L101 237 21480 SH SOLE 21480 0 0 Roche Holding AG COM H69293217 4466 13382 SH SOLE 13382 0 0 Roche Holding AG (ADR) ADR 771195104 46742 1120653 SH SOLE 794173 0 326480 Rolls-Royce Holdings PLC (ADR) ADR 775781206 52 48000 SH SOLE 48000 0 0 Royal Bank of Canada COM 780087102 514 5305 SH SOLE 5305 0 0 Ruth's Hospitality Group Inc. COM 783332109 255 15670 SH SOLE 15670 0 0 Samsung Electronics Co. Ltd. - COM 796050201 4472 4428 SH SOLE 4428 0 0 Samsung Electronics Co. Ltd. - COM Y74718118 1550 38415 SH SOLE 38415 0 0 Samsung Electronics GDR COM 796050888 4427 4058 SH SOLE 4058 0 0 San Juan Basin Royalty Trust COM 798241105 693 79850 SH SOLE 79850 0 0 Sanofi COM F5548N101 8589 85080 SH SOLE 85080 0 0 Sanofi (ADR) ADR 80105N105 40774 814993 SH SOLE 581302 0 233691 Sasol Ltd. COM 803866102 16013 700741 SH SOLE 700741 0 0 Select Energy Services Inc. COM 81617J301 139 20445 SH SOLE 20445 0 0 Sempra Energy COM 816851109 1873 12463 SH SOLE 12463 0 0 Sensata Technologies Holding P COM G8060N102 1409 34105 SH SOLE 34105 0 0 Shell PLC (ADR) ADR 780259305 52203 998340 SH SOLE 699056 0 299284 Shinhan Financial Group Compan ADR 824596100 7502 262665 SH SOLE 262665 0 0 Siemens AG COM D69671218 7237 71133 SH SOLE 71133 0 0 Siemens AG (ADR) ADR 826197501 170621 3340266 SH SOLE 2630654 0 709612 Silicon Motion Technology Corp ADR 82706C108 1315 15716 SH SOLE 15716 0 0 Simon Property Group Inc. COM 828806109 693 7300 SH SOLE 7300 0 0 Simons First National Corp. COM 828730200 583 27422 SH SOLE 27422 0 0 Singapore Technologies Enginee COM Y7996W103 72 24600 SH SOLE 24600 0 0 SK Telecom Co Ltd (ADR) ADR 78440P306 6319 283098 SH SOLE 283098 0 0 SLC Agricola SA (ADR) ADR 78444J108 6128 712545 SH SOLE 712545 0 0 Smurfit Kappa Group PLC COM G8248F104 5032 149703 SH SOLE 149703 0 0 Smurfit Kappa Group PLC (ADR) ADR 83272W106 25506 751067 SH SOLE 519676 0 231391 Softbank Corp (ADR) ADR 83405K102 48141 4352702 SH SOLE 3253743 0 1098959 Sonic Healthcare Ltd. COM Q8563C107 3816 167458 SH SOLE 167458 0 0 Sonic Healthcare Ltd. (ADR) ADR 83546A203 21500 942567 SH SOLE 634636 0 307931 SouthState Corp. COM 840441109 526 6814 SH SOLE 6814 0 0 SPDR S&P500 ETF Trust COM 78462F103 816 2163 SH SOLE 2163 0 0 Spire Inc. COM 84857L101 333 4473 SH SOLE 4473 0 0 Spirit AeroSystems Holdings In COM 848574109 339 11561 SH SOLE 11561 0 0 Steelcase Inc. COM 858155203 331 30838 SH SOLE 30838 0 0 Stella International Holdings COM G84698102 20 20560 SH SOLE 20560 0 0 Stora Enso Oyj COM X21349117 312 19870 SH SOLE 19870 0 0 Suzano SA (ADR) ADR 86959K105 130 13685 SH SOLE 13685 0 0 Svenska Handelsbanken AB (ADR) ADR 86959C103 35796 8482399 SH SOLE 6088247 0 2394152 Taiwan Semiconductor Manufactu ADR 874039100 12993 158935 SH SOLE 158935 0 0 Target Corp. COM 87612E106 120509 853285 SH SOLE 651779 0 201506 Technology Select Sector SPDR COM 81369Y803 1212 9532 SH SOLE 9532 0 0 Tesco PLC (ADR) ADR 881575401 38734 4169417 SH SOLE 3058435 0 1110982 The Allstate Corp. COM 020002101 34026 268489 SH SOLE 268489 0 0 The Chemours Co. COM 163851108 346 10795 SH SOLE 10795 0 0 The Coca-Cola Co. COM 191216100 387 6149 SH SOLE 6149 0 0 The JM Smucker Co. COM 832696405 1345 10507 SH SOLE 10507 0 0 The PNC Financial Services Gro COM 693475105 2667 16906 SH SOLE 16906 0 0 The Procter & Gamble Co. COM 742718109 2188 15218 SH SOLE 15218 0 0 The Siam Commerical Bank PCL COM Y7905M113 51 15660 SH SOLE 15660 0 0 The Travelers Companies Inc. COM 89417E109 112269 663801 SH SOLE 500873 0 162929 The Walt Disney Co. COM 254687106 2955 31305 SH SOLE 31305 0 0 Thermo Fisher Scientific Inc. COM 883556102 1498 2758 SH SOLE 2758 0 0 Tokio Marine Holdings Inc. COM J86298106 6884 118201 SH SOLE 118201 0 0 Tokio Marine Holdings Inc. (AD ADR 889094108 52287 896246 SH SOLE 637841 0 258405 TotalEnergies SE (ADR) ADR 89151E109 61054 1159844 SH SOLE 878630 0 281214 Toyota Motor Corp. (ADR) ADR 892331307 82603 535792 SH SOLE 437277 0 98515 Truist Financial Corp COM 89832Q109 187591 3955116 SH SOLE 3253313 0 701803 UBS Group AG (ADR) ADR H42097107 1159 71473 SH SOLE 36100 0 35373 Unilever PLC COM N8981F271 1295 28530 SH SOLE 28530 0 0 Unilever PLC (ADR) ADR 904767704 164594 3591393 SH SOLE 2762247 0 829146 Union Pacific Corp. COM 907818108 2998 14058 SH SOLE 14058 0 0 United Overseas Bank Ltd. COM V96194127 7918 419098 SH SOLE 419098 0 0 United Overseas Bank Ltd. (ADR ADR 911271302 53940 1428498 SH SOLE 1011496 0 417002 United Parcel Service Inc. COM 911312106 153372 840213 SH SOLE 653096 0 187117 UPM-Kymmene Oyj COM X9518S108 4325 142273 SH SOLE 142273 0 0 UPM-Kymmene OYJ (ADR) ADR 915436208 21902 719031 SH SOLE 496183 0 222848 Vale SA (ADR) ADR 91912E105 45287 3095514 SH SOLE 2344772 0 750742 Valero Energy Corp. COM 91913Y100 337 3170 SH SOLE 3170 0 0 VanEck Vietnam ETF COM 92189F817 1041 72296 SH SOLE 72296 0 0 Varex Imaging Corp. COM 92214X106 350 16378 SH SOLE 16378 0 0 Vector Group Ltd. COM 92240M108 327 31177 SH SOLE 31177 0 0 Verizon Communications Inc. COM 92343V104 45962 905649 SH SOLE 905649 0 0 Vici Properties Inc. COM 925652109 172340 5785153 SH SOLE 4758928 0 1026225 Volvo AB B-Shares COM 928856301 1634 105553 SH SOLE 105553 0 0 Volvo AB B-Shares (ADR) ADR 928854108 16129 1041256 SH SOLE 732274 0 308982 Walgreens Boots Alliance Inc. COM 931427108 111975 2954490 SH SOLE 2347255 0 607235 Wal-Mart Stores Inc. COM 931142103 2834 23312 SH SOLE 23312 0 0 Weyerhaeuser Co. COM 962166104 346 10457 SH SOLE 10457 0 0 WP Carey Inc. COM 92936U109 565 6815 SH SOLE 6815 0 0 Xinyi Glass Holdings Ltd. (ADR ADR 98418R100 23144 482514 SH SOLE 331320 0 151194 Zijin Mining Group Co. Ltd. COM Y9892H107 14939 12198268 SH SOLE 12198268 0 0 Zurich Insurance Group AG COM H9870Y105 9553 21964 SH SOLE 21964 0 0 Zurich Insurance Group AG (ADR ADR 989825104 53518 1228897 SH SOLE 862769 0 366128