0000950123-22-011357.txt : 20221110 0000950123-22-011357.hdr.sgml : 20221110 20221110075154 ACCESSION NUMBER: 0000950123-22-011357 CONFORMED SUBMISSION TYPE: 13F-HR PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20220930 FILED AS OF DATE: 20221110 DATE AS OF CHANGE: 20221110 EFFECTIVENESS DATE: 20221110 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: 221374998 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 09-30-2022 09-30-2022 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 10-11-2022 0 281 9333310 false INFORMATION TABLE 2 18567.xml INFORMATION TABLE FOR FORM 13F 3i Group PLC (ADR) ADR 88579N105 32494 5309558 SH SOLE 3666854 0 1642704 3M Co. COM 88579Y101 97878 885773 SH SOLE 688377 0 197396 3R Petroleumon COM 640581005 414 62660 SH SOLE 62660 0 0 AbbVie Inc. COM 00287Y109 472 3520 SH SOLE 3520 0 0 Acadian Timber Corp. COM 004272100 429 36598 SH SOLE 36598 0 0 AIA Group Ltd COM Y002A1105 14697 1762729 SH SOLE 1762729 0 0 Airtel Africa PLC COM 50050N103 15714 10892743 SH SOLE 10892743 0 0 Altria Group Inc. COM 02209S103 134008 3318673 SH SOLE 2702376 0 616297 American Express Co. COM 025816109 3591 26616 SH SOLE 26616 0 0 Ameris Bancorp COM 03076K108 702 15705 SH SOLE 15705 0 0 Amgen Inc. COM 031162100 492 2181 SH SOLE 2181 0 0 Anglo American PLC COM 3662Q1053 9553 312753 SH SOLE 312753 0 0 ANI Pharmaceuticals Inc. COM 00182C103 441 13709 SH SOLE 13709 0 0 Apple Inc. COM 037833100 779 5640 SH SOLE 5640 0 0 Applied Materials Inc. COM 038222105 2145 26176 SH SOLE 26176 0 0 Arca Continental SAB de CV COM P0448R103 24871 3453745 SH SOLE 3453745 0 0 Archer-Daniels-Midland Co. COM 039483102 2154 26777 SH SOLE 26777 0 0 Arrow Electronics Inc. COM 042735100 3159 34261 SH SOLE 34261 0 0 ASE Technology Holding Co. Ltd ADR 00215W100 26325 5275573 SH SOLE 3826443 0 1449130 AT&T Inc. COM 00206R102 95494 6225156 SH SOLE 4686100 0 1539056 Axalta Coating Systems Ltd. COM G0750C108 2199 104410 SH SOLE 104410 0 0 BAE Systems PLC COM G06940103 7640 866367 SH SOLE 866367 0 0 BAE Systems PLC (ADR) ADR 05523R107 48152 1373224 SH SOLE 922357 0 450867 Banco Del Bajio COM P1R2ZN117 13233 5234467 SH SOLE 5234467 0 0 Bank of America Corp. COM 060505104 156439 5180090 SH SOLE 3890647 0 1289443 Barrett Business Services Inc. COM 068463108 1113 14263 SH SOLE 14263 0 0 BCE Inc. COM 05534B760 233532 5568231 SH SOLE 4275154 0 1293077 BGSF Inc. COM 05601C105 977 87921 SH SOLE 87921 0 0 BMW AG COM D12096109 1600 23321 SH SOLE 23321 0 0 BNP Paribas SA COM F1058Q238 3449 80708 SH SOLE 80708 0 0 BNP Paribas SA (ADR) ADR 05565A202 24883 1178171 SH SOLE 787402 0 390769 BOEING CO/THE COM 097023105 1489 12297 SH SOLE 12297 0 0 BorgWarner Inc. COM 099724106 2613 83227 SH SOLE 83227 0 0 Boston Properties Inc. COM 101121101 77585 1034886 SH SOLE 780157 0 254729 Brigham Minerals Inc. COM 10918L103 588 23849 SH SOLE 23849 0 0 Bristol-Myers Squibb Co. COM 110122108 58318 820344 SH SOLE 820344 0 0 British American Tobacco PLC ( ADR 110448107 45383 1278401 SH SOLE 955448 0 322953 Britvic PLC COM G17387104 3203 399750 SH SOLE 399750 0 0 Britvic PLC (ADR) ADR 111190104 19193 1217805 SH SOLE 795280 0 422525 Broadcom Ltd. COM 11135F101 180984 407613 SH SOLE 322246 0 85367 Cabot Corp. COM 127055101 214 3351 SH SOLE 3351 0 0 Canadian National Railway Co. COM 136375102 2761 25567 SH SOLE 25567 0 0 Canadian Pacific Railway Ltd. COM 13645T100 417 6248 SH SOLE 6248 0 0 CapitaLand Ascendas REIT COM Y0205X103 5645 3014134 SH SOLE 3014134 0 0 Capitaland India Trust COM Y0259C104 4294 5874039 SH SOLE 5874039 0 0 Carrier Global Corporation COM 14448C104 202 5673 SH SOLE 5673 0 0 Central Asia Metals COM 874080104 342 141205 SH SOLE 141205 0 0 Chevron Corp. COM 166764100 227569 1583972 SH SOLE 1275458 0 308514 Chubb Ltd. COM H1467J104 208944 1148800 SH SOLE 860580 0 288220 Cie de Saint-Gobain COM FR0343100 3511 96677 SH SOLE 96677 0 0 Cie de Saint-Gobain (ADR) ADR 204280309 19278 2711386 SH SOLE 1896125 0 815261 Cigna Corp. COM 125523100 4029 14520 SH SOLE 14520 0 0 Cisco Systems Inc. COM 17275R102 167712 4192800 SH SOLE 3380512 0 812288 CITIC Securities Company Ltd. COM Y1639N117 268 157697 SH SOLE 157697 0 0 Citigroup Inc. COM 172967424 127636 3063009 SH SOLE 2377234 0 685775 Civitas Resources Inc. COM 17888H103 446 7775 SH SOLE 7775 0 0 Coca Cola Euro Pacific COM G25839104 1078 25282 SH SOLE 25282 0 0 Coca-Cola Femsa SAB de CV (ADR ADR 191241108 28973 496195 SH SOLE 352155 0 144040 Comcast Corp. (Cl A) COM 20030N101 121252 4134060 SH SOLE 3461622 0 672438 Communication Services Select COM 81369Y852 2879 60112 SH SOLE 60112 0 0 Companhia de Saneamento Basico ADR 20441A102 115 12659 SH SOLE 12659 0 0 Comtech Telecommunications Cor COM 205826209 320 31931 SH SOLE 31931 0 0 ConAgra Brands Inc. COM 205887102 40396 1238004 SH SOLE 1238004 0 0 ConocoPhillips COM 20825C104 178882 1747919 SH SOLE 1412135 0 335784 Consumer Staples Select Sector COM 81369Y308 2128 31884 SH SOLE 31884 0 0 Copa Holdings S.A. COM P31076105 371 5536 SH SOLE 5536 0 0 Coterra Energy Inc. COM 127097103 829 31726 SH SOLE 31726 0 0 CSX Corp. COM 126408103 767 28773 SH SOLE 28773 0 0 Denny's Corp. COM 24869P104 1009 107188 SH SOLE 107188 0 0 Deutsche Post AG COM D19225107 3268 107168 SH SOLE 107168 0 0 Deutsche Post AG (ADR) ADR 25157Y202 14945 497178 SH SOLE 338050 0 159128 Deutsche Telekom AG (ADR) ADR 251566105 30298 1775996 SH SOLE 1191603 0 584393 Diageo PLC (ADR) ADR 25243Q205 96612 568939 SH SOLE 438164 0 130775 DNB Bank ASA (ADR) ADR 23341C103 34778 2214425 SH SOLE 1525293 0 689132 Dominion Resources Inc. COM 25746U109 621 8986 SH SOLE 8986 0 0 Dow Inc COM 260557103 152968 3482075 SH SOLE 2948167 0 533908 Duke Energy Corp. COM 26441C204 204750 2201135 SH SOLE 1773080 0 428055 DuPont De Nemour COM 26614N102 794 15755 SH SOLE 15755 0 0 Eaton Corp. PLC COM G29183103 3019 22637 SH SOLE 22637 0 0 EC Healthcare COM G9320L100 31 49070 SH SOLE 49070 0 0 Emergent BioSolutions Inc. COM 29089Q105 246 11708 SH SOLE 11708 0 0 Enbridge Inc. COM 29250N105 357 9627 SH SOLE 9627 0 0 Enel SPA (ADR) ADR 29265W207 12866 3168846 SH SOLE 2156038 0 1012808 Energy Select Sector SPDR Fund COM 81369Y506 286 3967 SH SOLE 3967 0 0 Energy Transfer LP COM 29273V100 5911 535862 SH SOLE 535862 0 0 Enterprise Financial Services COM 293712105 302 6851 SH SOLE 6851 0 0 Enterprise Products Partners L COM 293792107 681 28635 SH SOLE 28635 0 0 EOG Resources Inc. COM 26875P101 38370 343414 SH SOLE 343414 0 0 Eurobank Ergasias SA (ADR) ADR 29873D104 3687 9359089 SH SOLE 9359089 0 0 Exxon Mobil Corp. COM 30231G102 249823 2861328 SH SOLE 2291887 0 569441 Financial Select Sector SPDR F COM 81369Y605 2414 79507 SH SOLE 79507 0 0 First Horizon Corp. COM 320517105 1236 53980 SH SOLE 53980 0 0 First Interstate Bancsystem In COM 32055Y201 1380 34203 SH SOLE 34203 0 0 General Dynamics Corp. COM 369550108 155235 731652 SH SOLE 543606 0 188046 General Electric Co. COM 369604301 406 6551 SH SOLE 6551 0 0 General Mills Inc. COM 370334104 205 2677 SH SOLE 2677 0 0 Genuine Parts Co. COM 372460105 230139 1541244 SH SOLE 1217414 0 323830 Globaltrans Investment PLC GDR COM 37949E204 0 104811 SH SOLE 104811 0 0 Gran Tierra Energy Inc. COM 38500T101 20 16165 SH SOLE 16165 0 0 Great Lakes Dredge & Dock Corp COM 390607109 741 97750 SH SOLE 97750 0 0 Grupo Mexico SAB de CV COM P49538112 8735 2582271 SH SOLE 2582271 0 0 Haemonetics Corp. COM 405024100 1160 15667 SH SOLE 15667 0 0 Health Care Select Sector SPDR COM 81369Y209 3479 28726 SH SOLE 28726 0 0 Healthpeak Properties Inc COM 42250P103 171562 7485246 SH SOLE 6066423 0 1418823 Hellenic Telecommunications Or COM 40412C101 5571 382757 SH SOLE 382757 0 0 Hellenic Telecommunications Or ADR 423325307 2602 371385 SH SOLE 371385 0 0 Helmerich & Payne Inc. COM 423452101 333 8996 SH SOLE 8996 0 0 HF Sinclair Corporation COM 403949100 661 12280 SH SOLE 12280 0 0 Honeywell International Inc. COM 438516106 3168 18985 SH SOLE 18985 0 0 Host Hotels & Resorts Inc. COM 44107P104 377 23738 SH SOLE 23738 0 0 Huntsman Corp. COM 447011107 561 22876 SH SOLE 22876 0 0 Iberdola SA (ADR) ADR 450737101 21487 577455 SH SOLE 369856 0 207599 ICICI Bank Ltd. (ADR) ADR 45104G104 20407 973170 SH SOLE 973170 0 0 Industrial Select Sector SPDR COM 81369Y704 2522 30443 SH SOLE 30443 0 0 Intel Corp. COM 458140100 121920 4731096 SH SOLE 3838606 0 892490 International Business Machine COM 459200101 437 3678 SH SOLE 3678 0 0 iShares MSCI EAFE Value ETF COM 464288877 1479 38382 SH SOLE 38382 0 0 iShares MSCI Emerging Markets COM 464287234 312 8950 SH SOLE 8950 0 0 iShares MSCI India ETF COM 46429B598 5639 138281 SH SOLE 138281 0 0 iShares MSCI Japan ETF COM 46434G822 222 4538 SH SOLE 4538 0 0 iShares MSCI Norway ETF COM 46429B499 211 10139 SH SOLE 10139 0 0 iShares MSCI South Korea ETF COM 464286772 4566 96403 SH SOLE 96403 0 0 iShares MSCI Switzerland ETF COM 464286749 276 7374 SH SOLE 7374 0 0 iShares MSCI Taiwan ETF COM 46434G772 2368 54944 SH SOLE 54944 0 0 iShares Russell 1000 Value ETF COM 464287598 432 3178 SH SOLE 3178 0 0 Itau Unibanco Holding SA-Pref ADR 465562106 7520 1454582 SH SOLE 1454582 0 0 Johnson & Johnson COM 478160104 265823 1627220 SH SOLE 1292774 0 334446 Johnson Controls International COM G51502105 181398 3685451 SH SOLE 2850194 0 835257 JP Morgan Chase & Co. COM 46625H100 215045 2057845 SH SOLE 1616133 0 441712 Kaspi.kz JSC COM 48581R205 10835 186802 SH SOLE 186802 0 0 Kimberly-Clark Corp. COM 494368103 124142 1103088 SH SOLE 804028 0 299060 Klabin S/A UNT N2 COM P6115V251 46 13740 SH SOLE 13740 0 0 KMC Kuei Meng International In COM Y1662S108 882 200000 SH SOLE 200000 0 0 Kossan Rubber Industries Berha COM Y4964F105 15 65000 SH SOLE 65000 0 0 Linde PLC COM G5494J103 313 1160 SH SOLE 1160 0 0 Link REIT COM Y5281M111 248 35400 SH SOLE 35400 0 0 Lowe's Cos. Inc. COM 548661107 135826 723210 SH SOLE 568046 0 155164 Mahindra & Mahindra Reg S (GDR COM Y54164119 554 35518 SH SOLE 35518 0 0 Mapletree Industrial Trust COM Y5759S103 170 102350 SH SOLE 102350 0 0 Materials Select Sector SPDR F COM 81369Y100 1383 20338 SH SOLE 20338 0 0 Mayville Engineering Company I COM 578605107 113 17350 SH SOLE 17350 0 0 McDonald's Corp. COM 580135101 2105 9121 SH SOLE 9121 0 0 Mediatek Inc COM Y5945U103 1900 109500 SH SOLE 109500 0 0 Medtronic PLC COM G5960L103 212121 2626885 SH SOLE 2132626 0 494259 Merck & Co. Inc. COM 58933Y105 247381 2872521 SH SOLE 2372920 0 499601 Michelin cie Generale de Estab ADR 59410T106 16765 1508349 SH SOLE 975277 0 533072 Microsoft Corp. COM 594918104 75633 324744 SH SOLE 257672 0 67072 MMC Norilsk Nickel PJSC (ADR) ADR 55315J102 87 28870 SH SOLE 28870 0 0 Mondelez International Inc. COM 609207105 4429 80774 SH SOLE 80774 0 0 Morgan Stanley COM 617446448 228563 2892843 SH SOLE 2300876 0 591967 Muenchener Ruechversicherungs COM D55535104 2434 10032 SH SOLE 10032 0 0 Muenchener Ruechversicherungs ADR 626188106 25227 1046778 SH SOLE 703985 0 342793 Mytilineos SA (ADR) ADR 62866P107 1924 142923 SH SOLE 142923 0 0 Nagacorp Ltd. COM G6382M109 39 58650 SH SOLE 58650 0 0 National Bank of Canada COM 633067103 900 14374 SH SOLE 14374 0 0 Nestle SA COM H57312649 6914 63704 SH SOLE 63704 0 0 Nestle SA (ADR) ADR 641069406 49258 457748 SH SOLE 310392 0 147356 Newmont Corp. COM 651639106 230 5465 SH SOLE 5465 0 0 NextEra Energy Inc COM 65339F101 206486 2633419 SH SOLE 1936353 0 697066 Nickel Asia Corp. COM Y6350R106 107 1242000 SH SOLE 1242000 0 0 Nippon Telegraph & Telephone C COM J59396101 13299 492770 SH SOLE 492770 0 0 Nippon Telegraph & Telephone C ADR 654624105 60394 2228573 SH SOLE 1527595 0 700978 NN Group NV (ADR) ADR 629334103 29564 1523942 SH SOLE 1030991 0 492951 Novartis AG COM H5820Q150 2361 30834 SH SOLE 30834 0 0 Novartis AG (ADR) ADR 66987V109 263547 3467273 SH SOLE 2698577 0 768696 OPAP SA COM X3232T104 14646 1216909 SH SOLE 1216909 0 0 OPAP SA (ADR) ADR 392483103 5794 957696 SH SOLE 957696 0 0 Oracle Corp. COM 68389X105 3680 60260 SH SOLE 60260 0 0 Packaging Corp. of America COM 695156109 1973 17571 SH SOLE 17571 0 0 Parkway Life REIT COM Y67202104 537 182000 SH SOLE 182000 0 0 PAX Global Technology Ltd. COM G6955J103 8000 10536308 SH SOLE 10536308 0 0 PepsiCo Inc. COM 713448108 1429 8755 SH SOLE 8755 0 0 Persimmon PLC (ADR) ADR 715318101 2968 108660 SH SOLE 82889 0 25771 Petroleo Brasileiro SA COM P78331132 13238 2158225 SH SOLE 2158225 0 0 Petroleo Brasileiro SA (ADR) ADR 71654V408 8121 658113 SH SOLE 658113 0 0 Pfizer Inc. COM 717081103 174378 3984883 SH SOLE 3062296 0 922587 Philip Morris International In COM 718172109 212253 2556953 SH SOLE 2015670 0 541283 PotlatchDeltic Corp COM 737630103 225 5486 SH SOLE 5486 0 0 Power Corporation of Canada COM 739239101 32148 1420893 SH SOLE 991180 0 429713 Power Corporation of Canada COM 739239101 4877 216365 SH SOLE 216365 0 0 PPL Corp. COM 69351T106 48122 1898308 SH SOLE 1898308 0 0 Premier Financial Corp COM 74052F108 280 10888 SH SOLE 10888 0 0 Prologis Property Mexico COM P4559M101 18962 7459566 SH SOLE 7459566 0 0 PT Bank Rakyat Indonesia Perse COM Y0697U112 17988 61102130 SH SOLE 61102130 0 0 PT Indo Tambangraya Megah Taba COM Y71244100 43 16000 SH SOLE 16000 0 0 PT International Nickel Indone COM Y39128148 182 434000 SH SOLE 434000 0 0 PT Telkom Indonesia Persero Tb COM Y71474137 14559 49787530 SH SOLE 49787530 0 0 Public Service Enterprise Grou COM 744573106 526 9360 SH SOLE 9360 0 0 Public Storage COM 74460D109 554 1891 SH SOLE 1891 0 0 QUALCOMM Inc. COM 747525103 833 7374 SH SOLE 7374 0 0 Quanta Computer Inc. COM Y7174J106 756 311800 SH SOLE 311800 0 0 Ralph Lauren Corp. COM 751212101 1191 14023 SH SOLE 14023 0 0 Rayonier Inc. COM 754907103 322 10743 SH SOLE 10743 0 0 Raytheon Technologies Corp. COM 75513E101 227497 2779100 SH SOLE 2293731 0 485369 Real Estate Select Sector SPDR COM 81369Y860 1561 43343 SH SOLE 43343 0 0 Rio Tinto PLC (ADR) ADR 767204100 76604 1391277 SH SOLE 1173893 0 217384 RLJ Lodging Trust COM 74965L101 241 23820 SH SOLE 23820 0 0 Roche Holding AG COM H69293217 7812 23827 SH SOLE 23827 0 0 Roche Holding AG (ADR) ADR 771195104 46665 1148810 SH SOLE 777385 0 371425 Rolls-Royce Holdings PLC (ADR) ADR 775781206 39 48000 SH SOLE 48000 0 0 Royal Bank of Canada COM 780087102 478 5305 SH SOLE 5305 0 0 Ruth's Hospitality Group Inc. COM 783332109 295 17490 SH SOLE 17490 0 0 Samsung Electronics Co. Ltd. - COM 796050201 3617 4406 SH SOLE 4406 0 0 Samsung Electronics Co. Ltd. - COM Y74718118 3161 97199 SH SOLE 97199 0 0 Samsung Electronics GDR COM 796050888 3979 4316 SH SOLE 4316 0 0 San Juan Basin Royalty Trust COM 798241105 751 79850 SH SOLE 79850 0 0 Sanofi COM F5548N101 3328 43312 SH SOLE 43312 0 0 Sanofi (ADR) ADR 80105N105 18509 486815 SH SOLE 374724 0 112091 Sasol Ltd. COM 803866102 13844 876922 SH SOLE 876922 0 0 Select Energy Services Inc. COM 81617J301 148 21297 SH SOLE 21297 0 0 Sempra Energy COM 816851109 1882 12549 SH SOLE 12549 0 0 Sensata Technologies Holding P COM G8060N102 1653 44333 SH SOLE 44333 0 0 Shell PLC (ADR) ADR 780259305 49269 990139 SH SOLE 676858 0 313281 Shinhan Financial Group Compan ADR 824596100 4234 184102 SH SOLE 184102 0 0 Siemens AG COM D69671218 4862 49020 SH SOLE 49020 0 0 Siemens AG (ADR) ADR 826197501 178466 3645876 SH SOLE 2852735 0 793141 Silicon Motion Technology Corp ADR 82706C108 2639 40482 SH SOLE 40482 0 0 Simon Property Group Inc. COM 828806109 739 8232 SH SOLE 8232 0 0 Simons First National Corp. COM 828730200 685 31414 SH SOLE 31414 0 0 Singapore Technologies Enginee COM Y7996W103 70 28210 SH SOLE 28210 0 0 SK Telecom Co Ltd (ADR) ADR 78440P306 5275 273895 SH SOLE 273895 0 0 SLC Agricola SA (ADR) ADR 78444J108 6022 745338 SH SOLE 745338 0 0 Smurfit Kappa Group PLC COM G8248F104 2874 99994 SH SOLE 99994 0 0 Smurfit Kappa Group PLC (ADR) ADR 83272W106 21237 749110 SH SOLE 505617 0 243493 Softbank Corp (ADR) ADR 83405K102 46086 4627142 SH SOLE 3199827 0 1427315 Sonic Healthcare Ltd. COM Q8563C107 2776 141892 SH SOLE 141892 0 0 Sonic Healthcare Ltd. (ADR) ADR 83546A203 19487 992198 SH SOLE 633462 0 358736 SouthState Corp. COM 840441109 501 6327 SH SOLE 6327 0 0 Spire Inc. COM 84857L101 711 11413 SH SOLE 11413 0 0 Spirit AeroSystems Holdings In COM 848574109 345 15747 SH SOLE 15747 0 0 Standard Motor Products Inc. COM 853666105 382 11768 SH SOLE 11768 0 0 Steelcase Inc. COM 858155203 268 41171 SH SOLE 41171 0 0 Stora Enso Oyj COM X21349117 255 19870 SH SOLE 19870 0 0 Suzano SA (ADR) ADR 86959K105 113 13685 SH SOLE 13685 0 0 Svenska Handelsbanken AB (ADR) ADR 86959C103 34910 8662466 SH SOLE 5934376 0 2728090 Taiwan Semiconductor Manufactu ADR 874039100 11107 162000 SH SOLE 162000 0 0 Target Corp. COM 87612E106 132224 891060 SH SOLE 665917 0 225143 Technology Select Sector SPDR COM 81369Y803 2002 16853 SH SOLE 16853 0 0 Tesco PLC (ADR) ADR 881575401 26930 3931401 SH SOLE 2675239 0 1256162 The Allstate Corp. COM 020002101 39899 320396 SH SOLE 320396 0 0 The Chemours Co. COM 163851108 266 10795 SH SOLE 10795 0 0 The Coca-Cola Co. COM 191216100 422 7539 SH SOLE 7539 0 0 The JM Smucker Co. COM 832696405 1447 10530 SH SOLE 10530 0 0 The PNC Financial Services Gro COM 693475105 2599 17391 SH SOLE 17391 0 0 The Procter & Gamble Co. COM 742718109 1917 15182 SH SOLE 15182 0 0 The Siam Commerical Bank PCL COM Y7905M113 48 15660 SH SOLE 15660 0 0 The Timken Co. COM 887389104 474 8033 SH SOLE 8033 0 0 The Travelers Companies Inc. COM 89417E109 103122 673120 SH SOLE 509274 0 163846 The Walt Disney Co. COM 254687106 3135 33237 SH SOLE 33237 0 0 Thermo Fisher Scientific Inc. COM 883556102 1419 2797 SH SOLE 2797 0 0 Tokio Marine Holdings Inc. COM J86298106 6635 374394 SH SOLE 374394 0 0 Tokio Marine Holdings Inc. (ADR) ADR 889094108 47001 883140 SH SOLE 613848 0 269292 TotalEnergies SE (ADR) ADR 89151E109 54199 1165079 SH SOLE 868017 0 297062 Toyota Motor Corp. (ADR) ADR 892331307 42290 324580 SH SOLE 223869 0 100711 Truist Financial Corp COM 89832Q109 164318 3773964 SH SOLE 3042354 0 731610 UBS Group AG (ADR) ADR H42097107 997 68682 SH SOLE 34377 0 34305 Under Armour Inc. (class C) COM 904311206 197 32993 SH SOLE 32993 0 0 Unilever PLC COM N8981F271 1442 32545 SH SOLE 32545 0 0 Unilever PLC (ADR) ADR 904767704 187198 4270018 SH SOLE 3353745 0 916273 Union Pacific Corp. COM 907818108 2733 14026 SH SOLE 14026 0 0 United Overseas Bank Ltd. COM V96194127 8800 483118 SH SOLE 483118 0 0 United Overseas Bank Ltd. (ADR) ADR 911271302 51755 1427335 SH SOLE 974226 0 453109 United Parcel Service Inc. COM 911312106 135994 841860 SH SOLE 651477 0 190383 UPM-Kymmene Oyj COM X9518S108 7546 236328 SH SOLE 236328 0 0 UPM-Kymmene OYJ (ADR) ADR 915436208 27452 871221 SH SOLE 590195 0 281026 Utilities Select Sector SPDR F COM 81369Y886 709 10821 SH SOLE 10821 0 0 Vale SA (ADR) ADR 91912E105 42540 3193685 SH SOLE 2298960 0 894725 VanEck Vietnam ETF COM 92189F817 972 73054 SH SOLE 73054 0 0 Varex Imaging Corp. COM 92214X106 853 40361 SH SOLE 40361 0 0 Vector Group Ltd. COM 92240M108 431 48899 SH SOLE 48899 0 0 Verizon Communications Inc. COM 92343V104 42310 1114300 SH SOLE 1114300 0 0 Vici Properties Inc. COM 925652109 175259 5871313 SH SOLE 4801207 0 1070106 Volvo AB B-Shares COM 928856301 1264 88724 SH SOLE 88724 0 0 Volvo AB B-Shares (ADR) ADR 928854108 14772 1054387 SH SOLE 713057 0 341330 Wal-Mart Stores Inc. COM 931142103 3050 23518 SH SOLE 23518 0 0 Weyerhaeuser Co. COM 962166104 299 10457 SH SOLE 10457 0 0 WP Carey Inc. COM 92936U109 476 6815 SH SOLE 6815 0 0 Xinyi Glass Holdings Ltd. (ADR) ADR 98418R100 13590 467081 SH SOLE 316540 0 150541 Zijin Mining Group Co. Ltd. COM Y9892H107 7578 7775698 SH SOLE 7775698 0 0 Zurich Insurance Group AG COM H9870Y105 9051 22606 SH SOLE 22606 0 0 Zurich Insurance Group AG (ADR) ADR 989825104 48224 1212280 SH SOLE 829175 0 383105