13F-HR 1 y91331e13fvhr.txt FORM 13F OMB APPROVAL OMB Number: 3235-0006 Expires: December 31, 2006 Estimated average burden hours per response....22.8 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington D.C. 20549 FORM 13F Form 13F COVER PAGE Report for the Calendar Year or Quarter Ended: 03.31.2011 ---------- 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: Schafer Cullen Capital Management, Inc. --------------------------------------- Address: 645 Fifth Ave. ------------------------ New York, New York 10022 ------------------------ Form 13F File Number: 28-04691 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: Steven M. Mullooly ------------------ Title: CCO --------------- Phone: (212) 644-1800 -------------- Signature, Place, and Date of Signing: /s/ Steven M. Mullooly New York, New York 05.13.2011 ---------------------- ------------------ ---------- (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 reported are 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: 319 --------------------------- Form 13F Information Table Value Total: 4,984 --------------------------- (thousands) Schafer Cullen Capital Management FORM 13F March 31, 2011
VOTING AUTHORITY VALUE SHARES/ SH/ PUT/ INVSTMT OTHER -------------------------- NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DSCRETN MANAGERS SOLE SHARED NONE ------------------------------ ---------------- --------- -------- -------- --- ---- ------- ------------ -------- -------- -------- 3M Co. COM 88579Y101 136954 1464751 SH Sole 1464751 ACE Ltd. COM H0023R105 1534 23705 SH Sole 23705 AT&T Inc. COM 00206R102 141189 4612520 SH Sole 4612520 Abbott Laboratories COM 002824100 6176 125906 SH Sole 125906 Alcon Inc. COM H01301102 497 3000 SH Sole 3000 Alliance Resource Partners L.P COM 01877R108 706 8670 SH Sole 8670 Allstate Corp. COM 020002101 3259 102536 SH Sole 102536 Altria Group Inc. COM 02209S103 123355 4738958 SH Sole 4738958 Ameren Corp. COM 023608102 1899 67650 SH Sole 67650 America Online COM 00184X105 312 16000 SH Sole 16000 American Capital Ltd. COM 02503Y103 118 11922 SH Sole 11922 Ameron International Corp. COM 030710107 4337 62146 SH Sole 62146 Anadarko Petroleum Corp. COM 032511107 5923 72300 SH Sole 72300 Annaly Capital Management Inc. COM 035710409 714 40905 SH Sole 40905 Apache Corp. COM 037411105 686 5240 SH Sole 5240 Apollo Investment Corp. COM 03761U106 217 17970 SH Sole 17970 Arrow Electronics Inc. COM 042735100 8220 196280 SH Sole 196280 Avnet Inc. COM 053807103 5943 174334 SH Sole 174334 BCE Inc. COM 05534B760 3123 85940 SH Sole 85940 Bank of America Corp. COM 060505104 1511 113335 SH Sole 113335 Bank of New York Mellon Corp. COM 064058100 1377 46086 SH Sole 46086 Bank of The Ozarks Inc. COM 063904106 4820 110280 SH Sole 110280 Beckman Coulter Inc. COM 075811109 4545 54710 SH Sole 54710 Berry Petroleum Co. (Cl A) COM 085789105 5192 102920 SH Sole 102920 Boeing Co. COM 097023105 111938 1514110 SH Sole 1514110 BorgWarner Inc. COM 099724106 9613 120630 SH Sole 120630 Bristol-Myers Squibb Co. COM 110122108 128595 4865491 SH Sole 4865491 Bunge Ltd. COM G16962105 3726 51510 SH Sole 51510 CVB Financial Corp. COM 126600105 3999 429580 SH Sole 429580 Cabela's Inc. COM 126804301 475 19000 SH Sole 19000 Cablevision Systems Corp. COM 12686C109 536 15500 SH Sole 15500 Calloway Real Estate Investmen COM 131253205 343 12890 SH Sole 12890 Canadian National Railway Co. COM 136375102 7048 93641 SH Sole 93641 Canadian Oil Sands Trust COM 13643E105 23876 709970 SH Sole 709970 Canadian Pacific Railway Ltd. COM 13645T100 4666 72527 SH Sole 72527 Cenovus Energy Inc COM 15135U109 535 13579 SH Sole 13579 Charles River Laboratories Int COM 159864107 3275 85340 SH Sole 85340 Chevron Corp. COM 166764100 161282 1500441 SH Sole 1500441 China Yuchai International Ltd COM G21082105 2901 98920 SH Sole 98920 Chubb Corp. COM 171232101 7886 128622 SH Sole 128622 Cimarex Energy Co. COM 171798101 6085 52805 SH Sole 52805 Citigroup Inc. COM 172967424 431 97500 SH Sole 97500 Community Health Systems Inc. COM 203668108 3780 94520 SH Sole 94520
1 Schafer Cullen Capital Management FORM 13F March 31, 2011
VOTING AUTHORITY VALUE SHARES/ SH/ PUT/ INVSTMT OTHER -------------------------- NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DSCRETN MANAGERS SOLE SHARED NONE ------------------------------ ---------------- --------- -------- -------- --- ---- ------- ------------ -------- -------- -------- Companhia Paranense De Energia COM 20441B407 3224 116030 SH Sole 116030 Compass Diversified Holdings COM 20451Q104 612 41510 SH Sole 41510 ConocoPhillips COM 20825C104 163062 2041847 SH Sole 2041847 Copa Holdings S.A. COM P31076105 4010 75940 SH Sole 75940 Covidien Plc. COM G2554F113 5891 113426 SH Sole 113426 Cracker Barrel Old Country Sto COM 22410J106 3252 66180 SH Sole 66180 Devon Energy Corp. COM 25179M103 1883 20520 SH Sole 20520 Dominion Resources Inc. COM 25746U109 107610 2407374 SH Sole 2407374 Duke Energy Corp. COM 26441C105 787 43350 SH Sole 43350 E.I. DuPont de Nemours & Co. COM 263534109 133475 2428152 SH Sole 2428152 Eli Lilly & Co. COM 532457108 117291 3334975 SH Sole 3334975 EnCana Corp. COM 292505104 417 12079 SH Sole 12079 Enerplus Corp COM 292766102 13317 420631 SH Sole 420631 Enterprise Products Partners L COM 293792107 213 4940 SH Sole 4940 Exxon Mobil Corp. COM 30231G102 244 2900 SH Sole 2900 Fluor Corp. COM 343412102 6738 91474 SH Sole 91474 General Electric Co. COM 369604103 116782 5824558 SH Sole 5824558 General Mills Inc. COM 370334104 6257 171190 SH Sole 171190 General Motors Corp. COM 37045V100 357 11500 SH Sole 11500 Genuine Parts Co. COM 372460105 133181 2482870 SH Sole 2482870 Granite Construction Inc. COM 387328107 2884 102636 SH Sole 102636 HCP Inc. COM 40414L109 109228 2878958 SH Sole 2878958 Health Care REIT Inc. COM 42217K106 116809 2227484 SH Sole 2227484 Heinz H.J. Co. COM 423074103 130588 2674891 SH Sole 2674891 Hewlett-Packard Co. COM 428236103 6244 152409 SH Sole 152409 Honeywell International Inc. COM 438516106 14039 235127 SH Sole 235127 Hubbell Inc. Cl B COM 443510201 4548 64030 SH Sole 64030 HudBay Minerals Inc. COM 443628102 4758 291700 SH Sole 291700 Huntington Ingalls Industries COM 446413106 424 10212 SH Sole 10212 Hyundai Motor Company GDR (Reg COM Y38472125 2941 98700 SH Sole 98700 ITT Corp. COM 450911102 2620 43622 SH Sole 43622 Intel Corp. COM 458140100 86951 4308772 SH Sole 4308772 International Business Machine COM 459200101 326 2000 SH Sole 2000 JP Morgan Chase & Co. COM 46625H100 6716 145688 SH Sole 145688 Jakks Pacific COM 47012E106 3461 178860 SH Sole 178860 Johnson & Johnson COM 478160104 118174 1994501 SH Sole 1994501 KBR Inc. COM 48242W106 6119 162008 SH Sole 162008 KT&G Corporation 144A COM 48268G100 631 24283 SH Sole 24283 KeyCorp COM 493267108 238 26820 SH Sole 26820 Kimberly-Clark Corp. COM 494368103 130066 1992745 SH Sole 1992745 Kraft Foods Inc. COM 50075N104 134489 4288541 SH Sole 4288541 Laboratory Corp. of America Ho COM 50540R409 5109 55450 SH Sole 55450
2 Schafer Cullen Capital Management FORM 13F March 31, 2011
VOTING AUTHORITY VALUE SHARES/ SH/ PUT/ INVSTMT OTHER -------------------------- NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DSCRETN MANAGERS SOLE SHARED NONE ------------------------------ ---------------- --------- -------- -------- --- ---- ------- ------------ -------- -------- -------- Lincoln Electric Holdings Inc. COM 533900106 4120 54267 SH Sole 54267 Mahindra & Mahindra Reg S (GDR COM Y54164119 361 22662 SH Sole 22662 Merck & Co. Inc. COM 58933Y105 4999 151445 SH Sole 151445 Microsoft Corp. COM 594918104 75844 2987144 SH Sole 2987144 Millicom Intl Cellular S.A. COM L6388F110 1825 18980 SH Sole 18980 NII Holdings Inc. COM 62913F201 4914 117922 SH Sole 117922 National Bank of Canada COM 633067103 1436 17670 SH Sole 17670 Nextera Energy Inc COM 65339F101 114033 2068808 SH Sole 2068808 Northrop Grumman Corp. COM 666807102 3850 61399 SH Sole 61399 Omnicare Inc. COM 681904108 4655 155226 SH Sole 155226 Oracle Corp. COM 68389X105 8542 255504 SH Sole 255504 Owens Corning Inc. COM 690742101 497 13800 SH Sole 13800 PartnerRe Ltd. COM G6852T105 4489 56650 SH Sole 56650 Pengrowth Energy Corp COM 70706P104 145 10520 SH Sole 10520 PepsiCo Inc. COM 713448108 247 3834 SH Sole 3834 Pfizer Inc. COM 717081103 5207 256352 SH Sole 256352 Philip Morris International In COM 718172109 123254 1878010 SH Sole 1878010 Pinnacle West Capital Corp. COM 723484101 2103 49150 SH Sole 49150 Plum Creek Timber Co. Inc. COM 729251108 737 16900 SH Sole 16900 Potlatch Corp. COM 737630103 231 5750 SH Sole 5750 Primaris Retail REIT COM 74157U109 9639 438920 SH Sole 438920 Procter & Gamble Co. COM 742718109 213 3455 SH Sole 3455 Progress Energy Inc. COM 743263105 3918 84910 SH Sole 84910 Public Service Enterprise Grou COM 744573106 281 8920 SH Sole 8920 RTI International Metals Inc. COM 74973W107 4024 129168 SH Sole 129168 Ralcorp Holdings Inc. COM 751028101 4286 62630 SH Sole 62630 Rayonier Inc. COM 754907103 449 7200 SH Sole 7200 Raytheon Co. COM 755111507 5646 110991 SH Sole 110991 Regions Financial Corp. COM 7591EP100 536 73850 SH Sole 73850 Reynolds American Inc. COM 761713106 674 18980 SH Sole 18980 RioCan Real Estate Investment COM 766910103 5798 220870 SH Sole 220870 Schlumberger Ltd. COM 806857108 326 3500 SH Sole 3500 Sempra Energy COM 816851109 3371 63008 SH Sole 63008 Southern Co. COM 842587107 3643 95580 SH Sole 95580 Southern Copper Corp. COM 84265V105 938 23300 SH Sole 23300 Spirit AeroSystems Holdings In COM 848574109 4931 192100 SH Sole 192100 Sun Life Financial Inc COM 866796105 2305 73350 SH Sole 73350 Terex Corp. COM 880779103 600 16200 SH Sole 16200 The Babcock & Wilcox Company COM 05615F102 4492 134570 SH Sole 134570 Tidewater Inc COM 886423102 7703 128711 SH Sole 128711 Travelers Cos. Inc. COM 89417E109 94860 1594830 SH Sole 1594830 Triquint Semiconductor Inc. COM 89674K103 1052 81500 SH Sole 81500
3 Schafer Cullen Capital Management FORM 13F March 31, 2011
VOTING AUTHORITY VALUE SHARES/ SH/ PUT/ INVSTMT OTHER -------------------------- NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DSCRETN MANAGERS SOLE SHARED NONE ------------------------------ ---------------- --------- -------- -------- --- ---- ------- ------------ -------- -------- -------- U.S. Bancorp COM 902973304 3059 115730 SH Sole 115730 United Technologies Corp. COM 913017109 5159 60950 SH Sole 60950 UnitedHealth Group Inc. COM 91324P102 563 12450 SH Sole 12450 Verizon Communications Inc. COM 92343V104 153650 3986778 SH Sole 3986778 Viacom Inc. (Cl B) COM 92553P201 551 11850 SH Sole 11850 Viewpoint Financial Group COM 92672A101 4736 364317 SH Sole 364317 W.P. Carey & Co. L.L.C. (Cl A) COM 92930Y107 1192 33390 SH Sole 33390 W.R. Berkley Corp. COM 084423102 4194 130197 SH Sole 130197 Wal-Mart Stores Inc. COM 931142103 484 9300 SH Sole 9300 Walt Disney Co. COM 254687106 8182 189876 SH Sole 189876 Wells Fargo & Co. COM 949746101 571 17994 SH Sole 17994 iShares NASDAQ Biotechnology I COM 464287556 654 6532 SH Sole 6532 ABB Ltd. (ADR) ADR 000375204 9079 375340 SH Sole 375340 AXA S.A. (ADR) ADR 054536107 325 15510 SH Sole 15510 Advanced Semiconductor Enginee ADR 00756M404 90 16400 SH Sole 16400 Aegon N.V. (ADR) ADR 007924103 93 12424 SH Sole 12424 Allianz SE (ADR) ADR 018805101 8391 595508 SH Sole 595508 AngloGold Ashanti Ltd. (ADR) ADR 035128206 2316 48300 SH Sole 48300 Asahi Glass Co Ltd. (ADR) ADR 043393206 9035 719950 SH Sole 719950 AstraZeneca PLC (ADR) ADR 046353108 123275 2672909 SH Sole 2672909 BAE Systems PLC (ADR) ADR 05523R107 10861 518693 SH Sole 518693 BHP Billiton Ltd. (ADR) ADR 088606108 19040 198586 SH Sole 198586 BNP Paribas S.A. (ADR) ADR 05565A202 16272 443746 SH Sole 443746 BOC Hong Kong Holdings Ltd. (A ADR 096813209 12445 190283 SH Sole 190283 Bayer AG (ADR) ADR 072730302 19410 249745 SH Sole 249745 British American Tobacco PLC ( ADR 110448107 24498 302482 SH Sole 302482 CIA Saneamento Basico (ADR) ADR 20441A102 7969 135670 SH Sole 135670 CLP Holdings Ltd. (ADR) ADR 18946Q101 1618 200030 SH Sole 200030 CNOOC Ltd. (ADR) ADR 126132109 2862 11310 SH Sole 11310 Cellcom Israel Ltd. (ADR) ADR M2196U109 1838 55490 SH Sole 55490 Chunghwa Telecom Co. Ltd. (ADR ADR 17133Q502 17919 575077 SH Sole 575077 Cielo S.A (ADR) ADR 171778103 1398 159790 SH Sole 159790 Companhia Energetica de Minas ADR 204409601 18681 969420 SH Sole 969420 Companhia Siderurgica Nacional ADR 20440W105 20638 1238803 SH Sole 1238803 Companhia Vale do Rio Doce (AD ADR 91912E105 417 12500 SH Sole 12500 Credit Suisse Group AG (ADR) ADR 225401108 2454 57634 SH Sole 57634 Deutsche Lufthansa AG (ADR) ADR 251561304 329 15460 SH Sole 15460 Deutsche Post AG (ADR) ADR 25157Y202 11748 647651 SH Sole 647651 Diageo PLC (ADR) ADR 25243Q205 139574 1831204 SH Sole 1831204 ENI S.p.A. (ADR) ADR 26874R108 11317 230346 SH Sole 230346 Ecopetrol S.A. (ADR) ADR 279158109 1672 40120 SH Sole 40120 Embraer-Empresa Brasileiras de ADR 29081M102 392 11620 SH Sole 11620
4 Schafer Cullen Capital Management FORM 13F March 31, 2011
VOTING AUTHORITY VALUE SHARES/ SH/ PUT/ INVSTMT OTHER -------------------------- NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DSCRETN MANAGERS SOLE SHARED NONE ------------------------------ ---------------- --------- -------- -------- --- ---- ------- ------------ -------- -------- -------- Enersis S.A. ADR 29274F104 2753 132250 SH Sole 132250 Ensco International PLC (ADR) ADR 29358Q109 4540 78496 SH Sole 78496 Foster's Group Ltd. (ADR) ADR 350258307 16536 2821772 SH Sole 2821772 France Telecom (ADR) ADR 35177Q105 11214 498169 SH Sole 498169 GDF Suez (ADR) ADR 36160B105 10951 267092 SH Sole 267092 Gazprom OAO (ADR) ADR 368287207 6233 192730 SH Sole 192730 GlaxoSmithKline PLC (ADR) ADR 37733W105 10461 272358 SH Sole 272358 HDFC Bank Ltd. (ADR) ADR 40415F101 2642 15545 SH Sole 15545 HSBC Holdings PLC (ADR) ADR 404280406 120717 2330449 SH Sole 2330449 Himax Technologies Inc. (ADR) ADR 43289P106 1187 500660 SH Sole 500660 ING Groep N.V. (ADR) ADR 456837103 141 11120 SH Sole 11120 Itau Unibanco S.A. (ADR) ADR 465562106 9891 411272 SH Sole 411272 KT Corp. (ADR) ADR 48268K101 1923 98480 SH Sole 98480 Kimberly-Clark de Mexico S.A. ADR 494386204 312 10055 SH Sole 10055 Koninklijke Philips Electronic ADR 500472303 1507 46842 SH Sole 46842 Lukoil Holdings (ADR) ADR 677862104 3666 51350 SH Sole 51350 MTN Group Ltd. (ADR) ADR 62474M108 12185 600230 SH Sole 600230 Mechel AOA (ADR) ADR 583840103 1310 42560 SH Sole 42560 Mizuho Financial Group Inc. (A ADR 60687Y109 34 10300 SH Sole 10300 Muenchener Reuckver (ADR) ADR 626188106 9916 628761 SH Sole 628761 Nestle S.A. (ADR) ADR 641069406 20289 352973 SH Sole 352973 Nintendo Co. Ltd. (ADR) ADR 654445303 218 6460 SH Sole 6460 Nitto Denko Corp. (ADR) ADR 654802206 10135 190150 SH Sole 190150 Nokia Corp. (ADR) ADR 654902204 45975 5402420 SH Sole 5402420 Novartis AG (ADR) ADR 66987V109 23629 434753 SH Sole 434753 PetroChina Co. Ltd. (ADR) ADR 71646E100 60136 394979 SH Sole 394979 Petroleo Brasileiro S/A (ADR) ADR 71654V408 1924 47590 SH Sole 47590 Philippine Long Dist. Telephon ADR 718252604 1078 20141 SH Sole 20141 RWE AG (ADR) ADR 74975E303 262 4100 SH Sole 4100 Rio Tinto PLC (ADR) ADR 767204100 220 3090 SH Sole 3090 Roche Holdings Ltd. (ADR) ADR 771195104 12091 336325 SH Sole 336325 Royal Dutch Shell PLC ADR B ADR 780259107 129145 1763312 SH Sole 1763312 SK Telecom Co. (ADR) ADR 78440P108 2366 125780 SH Sole 125780 Sanofi-Aventis (ADR) ADR 80105N105 259 7365 SH Sole 7365 Sasol Ltd. (ADR) ADR 803866300 1674 28880 SH Sole 28880 Shin-Etsu Chemical Co. Ltd. (A ADR 824551105 203 4070 SH Sole 4070 Siemens AG (ADR) ADR 826197501 23118 168330 SH Sole 168330 Silicon Motion Technology Corp ADR 82706C108 605 74921 SH Sole 74921 Siliconware Precision Ind. Co. ADR 827084864 14070 2329548 SH Sole 2329548 Singapore Airlines Ltd. (ADR) ADR 82930C106 10164 469490 SH Sole 469490 Singapore Telecommunications L ADR 82929R304 7618 315960 SH Sole 315960 Taiwan Semiconductor Man. Co. ADR 874039100 21249 1744612 SH Sole 1744612
5 Schafer Cullen Capital Management FORM 13F March 31, 2011
VOTING AUTHORITY VALUE SHARES/ SH/ PUT/ INVSTMT OTHER -------------------------- NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DSCRETN MANAGERS SOLE SHARED NONE ------------------------------ ---------------- --------- -------- -------- --- ---- ------- ------------ -------- -------- -------- Telefonica S.A. (ADR) ADR 879382208 14563 577448 SH Sole 577448 Tesco PLC (ADR) ADR 881575302 15419 833440 SH Sole 833440 Teva Pharmaceutical Industries ADR 881624209 2527 50376 SH Sole 50376 Total S.A. (ADR) ADR 89151E109 18762 307727 SH Sole 307727 UBS AG (ADR) ADR H89231338 613 33968 SH Sole 33968 Unilever N.V. (ADR) ADR 904784709 140311 4474214 SH Sole 4474214 United Microelectronics Corp. ADR 910873405 611 223640 SH Sole 223640 United Overseas Bank Ltd. (ADR ADR 911271302 18150 611518 SH Sole 611518 Vodafone Group PLC (ADR) ADR 92857W209 158846 5525072 SH Sole 5525072 Zurich Financial Services AG ( ADR 98982M107 14203 505800 SH Sole 505800 BHP Billiton Ltd. COM Q1498M100 4015 83380 SH Sole 83380 Commonwealth Property Office F COM Q27075102 26 28750 SH Sole 28750 Foster's Group Ltd. COM Q3944W187 4239 716559 SH Sole 716559 Industrea Ltd. COM Q4928X100 1715 1184550 SH Sole 1184550 OZ Minerals Ltd. COM Q7161P106 782 474221 SH Sole 474221 Ramsay Health Care Ltd. COM Q7982Y104 888 44993 SH Sole 44993 Santos Ltd. COM Q82869118 521 32420 SH Sole 32420 Sonic Healthcare Ltd. COM Q8563C107 3645 294175 SH Sole 294175 Tatts Group Ltd. COM Q8852J102 164 67910 SH Sole 67910 Woodside Petroleum Ltd. COM 980228100 359 7410 SH Sole 7410 Estacio Participacoes S.A. COM B23PBF7 484 29400 SH Sole 29400 Aia Group Ltd COM Y002A1105 158 51400 SH Sole 51400 Anhui Tiandi Oil COM Y013AA102 564 1742000 SH Sole 1742000 BOC Hong Kong Holdings Ltd. COM Y0920U103 4262 1307860 SH Sole 1307860 Bank of China COM Y0698A107 2627 4719150 SH Sole 4719150 Bosideng Intl Hldgs Ltd COM G12652106 69 232000 SH Sole 232000 Cheung Kong Infrastructure Hol COM G2098R102 237 50100 SH Sole 50100 China Bluechemical Ltd. COM Y14251105 827 1010000 SH Sole 1010000 Dongfeng Motor Group Co. Ltd. COM Y21042109 2160 1268700 SH Sole 1268700 Fushan International Energy Gr COM Y2677l104 1687 2343540 SH Sole 2343540 Hang Seng Bank Ltd. COM Y30327103 2150 133170 SH Sole 133170 Link REIT COM Y5281M111 53 17000 SH Sole 17000 Stella International Holdings COM g84698102 1019 457000 SH Sole 457000 Television Broadcasts Ltd. COM Y85830100 3383 575800 SH Sole 575800 VTech Holdings Ltd. COM G9400S132 158 13937 SH Sole 13937 Bank Tabungan Negara Tabak COM Y71197100 1968 10201660 SH Sole 10201660 PT Bank Rakyat Indonesia COM Y0697U112 1835 2778832 SH Sole 2778832 PT International Nickel Indone COM Y39128148 1791 3266400 SH Sole 3266400 PT London Sumatra Indonesia Tb COM Y7137X101 722 2763050 SH Sole 2763050 PT Perusahaan Gas Negara COM Y7136Y118 1539 3436200 SH Sole 3436200 PT Ramayana Lestari Sentosa Tb COM Y7134V157 795 9111000 SH Sole 9111000 PT Semen Gresik Tabak COM Y7142G168 2092 2001620 SH Sole 2001620
6 Schafer Cullen Capital Management FORM 13F March 31, 2011
VOTING AUTHORITY VALUE SHARES/ SH/ PUT/ INVSTMT OTHER -------------------------- NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DSCRETN MANAGERS SOLE SHARED NONE ------------------------------ ---------------- --------- -------- -------- --- ---- ------- ------------ -------- -------- -------- Tempo Scan Pacific TBK COM Y7147L154 40 200000 SH Sole 200000 Credit Suisse Group COM H3698D419 1608 37695 SH Sole 37695 Nestle S.A. COM H57312649 3742 65022 SH Sole 65022 Roche Holding AG COM H69293217 1543 10760 SH Sole 10760 Allianz SE COM D03080112 1614 11446 SH Sole 11446 BNP Paribas COM F1058Q238 3113 42507 SH Sole 42507 Bayer AG COM D0712D163 3150 40429 SH Sole 40429 Deutsche Post AG COM D19225107 2420 133740 SH Sole 133740 Eurocommercial Properties N.V. COM N31065142 1795 36174 SH Sole 36174 GDF Suez COM F42768105 435 10650 SH Sole 10650 Muenchener Reuckver AG COM D55535104 1820 11514 SH Sole 11514 Portucel-Empresa Produtora de COM PTPTI0AM0 87 24700 SH Sole 24700 Prysmian SPA COM T7630L105 6030 280650 SH Sole 280650 Siemens AG COM D69671218 3861 28125 SH Sole 28125 Vallourec S.A. COM F95922104 2050 18247 SH Sole 18247 BAE Systems PLC COM G06940103 2157 414077 SH Sole 414077 Cable & Wireless PLC COM GB00B5KKT 199 272100 SH Sole 272100 Royal Dutch Shell Class B COM G7690A118 3608 99590 SH Sole 99590 Tesco PLC COM G87621101 3145 515040 SH Sole 515040 Asahi Glass Co Ltd. COM J02394120 1909 151290 SH Sole 151290 JSR Corp COM J2856K106 240 11920 SH Sole 11920 Kansai Paint Co Ltd COM J30255129 1738 199780 SH Sole 199780 Nitto Denko Corp. COM J58472119 1814 34100 SH Sole 34100 Digitech Systems Co Ltd. COM 1046 65000 SH Sole 65000 Industrias Penoles S.A. de C.V COM P55409141 7014 190580 SH Sole 190580 Berjaya Sports Toto Berhad COM Y0849N107 2594 1844096 SH Sole 1844096 Guinness Anchor Berhad COM Y29432104 761 239500 SH Sole 239500 KPJ Healthcare Berhad COM Y4984Y100 1102 834500 SH Sole 834500 Kossan Rubber Industries Berha COM Y4964F105 1145 1020200 SH Sole 1020200 Mamee Double Decker Berhad COM Y5757M108 130 112700 SH Sole 112700 Maxis Communications Berhad COM Y58460109 1771 996900 SH Sole 996900 Ta Ann Holdings Berhad COM Y8345V101 106 48000 SH Sole 48000 WTK Holdings Berhad COM Y9649X108 69 110000 SH Sole 110000 Fred Olsen Energy ASA COM R2564C108 832 18950 SH Sole 18950 Air New Zealand Limited COM Q0169V100 349 412500 SH Sole 412500 Filinvest Land, Inc COM Y24916101 605 22813900 SH Sole 22813900 Robinsons Land Corp. COM Y73196126 9 33200 SH Sole 33200 SM Investments Corp. COM Y80676102 1011 84560 SH Sole 84560 Ascendas India Trust COM Y0259C104 28 36700 SH Sole 36700 CapitaCommercial Trust COM Y1091F107 30 27000 SH Sole 27000 Consciencefood Holdings LTD COM Y1725S103 228 1066300 SH Sole 1066300 First Real Estate Investment T COM Y2560E100 21 36000 SH Sole 36000
6 Schafer Cullen Capital Management FORM 13F March 31, 2011
VOTING AUTHORITY VALUE SHARES/ SH/ PUT/ INVSTMT OTHER -------------------------- NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DSCRETN MANAGERS SOLE SHARED NONE ------------------------------ ---------------- --------- -------- -------- --- ---- ------- ------------ -------- -------- -------- Fraser & Neave Ltd. COM Y2642C155 162 34000 SH Sole 34000 Lippo-Mapletree Indonesia Reta COM Y5285G102 26 60000 SH Sole 60000 Longcheer Holdings LTD COM G5635H107 22 96000 SH Sole 96000 Parkway Life REIT COM Y67202104 54 40000 SH Sole 40000 Rotary Engineering Ltd. COM Y7326V106 861 1142000 SH Sole 1142000 Singapore Airlines Ltd. COM Y7992P128 2262 208400 SH Sole 208400 Singapore Airport Terminal Ser COM Y7992U101 157 78750 SH Sole 78750 Singapore Telecommunications L COM Y79985209 112 46574 SH Sole 46574 Thai Beverage PCL COM Y8588A103 2286 9936157 SH Sole 9936157 United Overseas Bank Ltd. COM V96194127 187 12547 SH Sole 12547 Delta Electronics NVDR COM 37 41500 SH Sole 41500 Electricity Generating PCL - N COM Y22834124 32 10500 SH Sole 10500 Hana Microelectronics NVDR COM Y29974147 2620 3301400 SH Sole 3301400 LPN Development Pub. Co. - NVD COM 32 91500 SH Sole 91500 Sansiri PCL NVDR COM Y7511B121 24 128100 SH Sole 128100 Thai Vegetable Oil PCL - FOREI COM 6397698 501 566000 SH Sole 566000 Thanachart Capital PCL NVDR COM Y8738D122 66 61200 SH Sole 61200 Tisco Financial Group NVDR COM 67 51600 SH Sole 51600 Univanich Palm NVDR COM Y9281M113 66 25000 SH Sole 25000 Novatek Microelectronics Corp. COM 6346333 1119 380000 SH Sole 380000 African Bank Investments Ltd. COM S01035112 1456 259880 SH Sole 259880 MTN Group Ltd. COM S8039R108 5858 289940 SH Sole 289940 Naspers Ltd. COM S53435103 2843 52790 SH Sole 52790 Shoprite Holdings Ltd. COM S76263102 1871 121900 SH Sole 121900