0000950123-22-001589.txt : 20220210 0000950123-22-001589.hdr.sgml : 20220210 20220210093639 ACCESSION NUMBER: 0000950123-22-001589 CONFORMED SUBMISSION TYPE: 13F-HR PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20211231 FILED AS OF DATE: 20220210 DATE AS OF CHANGE: 20220210 EFFECTIVENESS DATE: 20220210 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: 22611533 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 12-31-2021 12-31-2021 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 02-09-2022 0 287 10668598 false INFORMATION TABLE 2 9890.xml INFORMATION TABLE FOR FORM 13F 3M Co. COM 88579Y101 186687 1050988 SH SOLE 856242 0 194746 AAR Corp. COM 000361105 604 15476 SH SOLE 15476 0 0 AbbVie Inc. COM 00287Y109 489 3609 SH SOLE 3609 0 0 Acadian Timber Corp. COM 004272100 570 37680 SH SOLE 37680 0 0 AIA Group Ltd COM Y002A1105 17651 1750831 SH SOLE 1750831 0 0 Allianz SE COM D03080112 4886 20670 SH SOLE 20670 0 0 Allianz SE (ADR) ADR 018820100 31659 1340922 SH SOLE 861041 0 479881 Altria Group Inc. COM 02209S103 133440 2815778 SH SOLE 2263160 0 552618 American Express Co. COM 025816109 3403 20800 SH SOLE 20800 0 0 Ameris Bancorp COM 03076K108 1022 20573 SH SOLE 20573 0 0 Amgen Inc. COM 031162100 508 2257 SH SOLE 2257 0 0 Anglo American PLC COM 3662Q1053 10313 252638 SH SOLE 252638 0 0 Apple Inc. COM 037833100 1001 5640 SH SOLE 5640 0 0 Applied Materials Inc. COM 038222105 563 3577 SH SOLE 3577 0 0 Arca Continental SAB de CV COM P0448R103 15284 2401189 SH SOLE 2401189 0 0 Archer-Daniels-Midland Co. COM 039483102 1818 26895 SH SOLE 26895 0 0 Arrow Electronics Inc. COM 042735100 4824 35925 SH SOLE 35925 0 0 Ascendas India Trust COM Y0259C104 8559 8125836 SH SOLE 8125836 0 0 Ascendas Real Estate Investmen COM Y0205X103 2012 919307 SH SOLE 919307 0 0 ASE Technology Holding Co. Ltd ADR 00215W100 48465 6205487 SH SOLE 4853903 0 1351584 AT&T Inc. COM 00206R102 115422 4691939 SH SOLE 3542744 0 1149195 Avnet Inc. COM 053807103 520 12606 SH SOLE 12606 0 0 Axalta Coating Systems Ltd. COM G0750C108 3019 91146 SH SOLE 91146 0 0 BAE Systems PLC COM G06940103 5634 757031 SH SOLE 757031 0 0 BAE Systems PLC (ADR) ADR 05523R107 38864 1304832 SH SOLE 915497 0 389335 Banco Del Bajio COM P1R2ZN117 65 35940 SH SOLE 35940 0 0 Bank of America Corp. COM 060505104 232583 5227761 SH SOLE 4064790 0 1162971 Barrett Business Services Inc. COM 068463108 874 12657 SH SOLE 12657 0 0 BAWAG Group AG COM 443201108 647 10480 SH SOLE 10480 0 0 BCE Inc. COM 05534B760 263313 5059826 SH SOLE 3879569 0 1180257 BGSF Inc. COM 05601C105 1146 79848 SH SOLE 79848 0 0 Bizlink Holding Inc. COM G11474106 294 31200 SH SOLE 31200 0 0 Blackstone Inc COM 09260D107 768 5935 SH SOLE 5935 0 0 BMW AG COM D12096109 2960 29381 SH SOLE 29381 0 0 BNP Paribas SA COM F1058Q238 17249 249323 SH SOLE 249323 0 0 BNP Paribas SA (ADR) ADR 05565A202 62856 1806731 SH SOLE 1259328 0 547403 BOEING CO/THE COM 097023105 2393 11886 SH SOLE 11886 0 0 BorgWarner Inc. COM 099724106 3484 77293 SH SOLE 77293 0 0 Boston Properties Inc. COM 101121101 598 5192 SH SOLE 5192 0 0 Brigham Minerals Inc. COM 10918L103 447 21181 SH SOLE 21181 0 0 Bristol-Myers Squibb Co. COM 110122108 38288 614080 SH SOLE 614080 0 0 British American Tobacco PLC ( ADR 110448107 15380 411129 SH SOLE 184112 0 227017 Britvic PLC COM G17387104 3726 299185 SH SOLE 299185 0 0 Britvic PLC (ADR) ADR 111190104 26261 1027819 SH SOLE 703749 0 324070 Broadcom Ltd. COM 11135F101 259255 389617 SH SOLE 306964 0 82653 Cabot Corp. COM 127055101 309 5491 SH SOLE 5491 0 0 Cadiz Inc. COM 127537207 39 10033 SH SOLE 10033 0 0 Canadian National Railway Co. COM 136375102 2914 23718 SH SOLE 23718 0 0 Canadian Pacific Railway Ltd. COM 13645T100 449 6248 SH SOLE 6248 0 0 Carrier Global Corporation COM 14448C104 308 5673 SH SOLE 5673 0 0 Charles Schwab US Large Cap ET COM 808524201 9047 79485 SH SOLE 79485 0 0 Chevron Corp. COM 166764100 247710 2110866 SH SOLE 1678182 0 432684 Chubb Ltd. COM H1467J104 230275 1191221 SH SOLE 899490 0 291731 Cie de Saint-Gobain COM FR0343100 15603 221525 SH SOLE 221525 0 0 Cie de Saint-Gobain (ADR) ADR 204280309 59978 4268927 SH SOLE 2983560 0 1285367 Cigna Corp. COM 125523100 539 2346 SH SOLE 2346 0 0 Cisco Systems Inc. COM 17275R102 218082 3441403 SH SOLE 2706702 0 734701 CITIC Securities Company Ltd. COM Y1639N117 11384 4361167 SH SOLE 4361167 0 0 Citigroup Inc. COM 172967424 137538 2277497 SH SOLE 1804608 0 472889 Civitas Resources Inc. COM 17888H103 545 11123 SH SOLE 11123 0 0 Coca-Cola Femsa SAB de CV (ADR ADR 191241108 1805 32938 SH SOLE 32938 0 0 Columbia Sportswear Co. COM 198516106 751 7710 SH SOLE 7710 0 0 Comcast Corp. (Cl A) COM 20030N101 22714 451302 SH SOLE 451302 0 0 Communication Services Select COM 81369Y852 15381 198006 SH SOLE 198006 0 0 Companhia de Saneamento Basico ADR 20441A102 168 22825 SH SOLE 22825 0 0 Comtech Telecommunications Cor COM 205826209 959 40477 SH SOLE 40477 0 0 ConAgra Brands Inc. COM 205887102 19052 557889 SH SOLE 557889 0 0 ConocoPhillips COM 20825C104 156263 2164910 SH SOLE 1707549 0 457361 Consumer Staples Select Sector COM 81369Y308 16574 214939 SH SOLE 214939 0 0 Copa Holdings S.A. COM P31076105 375 4542 SH SOLE 4542 0 0 Coterra Energy Inc. COM 127097103 1128 59356 SH SOLE 59356 0 0 CSX Corp. COM 126408103 771 20500 SH SOLE 20500 0 0 Danone S.A. (ADR) ADR 23636T100 212 17071 SH SOLE 17071 0 0 Denka Company Ltd. COM J1257M109 5001 153069 SH SOLE 153069 0 0 Denny's Corp. COM 24869P104 964 60263 SH SOLE 60263 0 0 Deutsche Post AG COM D19225107 6960 108129 SH SOLE 108129 0 0 Deutsche Post AG (ADR) ADR 25157Y202 45580 711305 SH SOLE 512384 0 198921 Deutsche Telekom AG (ADR) ADR 251566105 29378 1587119 SH SOLE 1132711 0 454408 Diageo PLC (ADR) ADR 25243Q205 126613 575147 SH SOLE 437980 0 137167 DNB Bank ASA (ADR) ADR 23341C103 41623 1813644 SH SOLE 1360826 0 452818 Doman Building Materials Group COM 25703L100 76 12300 SH SOLE 12300 0 0 Dominion Resources Inc. COM 25746U109 642 8173 SH SOLE 8173 0 0 Dow Inc COM 260557103 130614 2302781 SH SOLE 1917285 0 385496 Duke Energy Corp. COM 26441C204 200312 1909554 SH SOLE 1516367 0 393187 DuPont De Nemour COM 26614N102 728 9013 SH SOLE 9013 0 0 Eaton Corp. PLC COM G29183103 3290 19036 SH SOLE 19036 0 0 EC Healthcare COM G9320L100 301 210410 SH SOLE 210410 0 0 Eli Lilly & Co. COM 532457108 125615 454763 SH SOLE 361617 0 93146 Enel SPA (ADR) ADR 29265W207 38250 4805317 SH SOLE 3504437 0 1300880 Energy Select Sector SPDR Fund COM 81369Y506 3843 69244 SH SOLE 69244 0 0 Enterprise Financial Services COM 293712105 526 11178 SH SOLE 11178 0 0 Enterprise Products Partners L COM 293792107 532 24246 SH SOLE 24246 0 0 Exxon Mobil Corp. COM 30231G102 181507 2966290 SH SOLE 2210870 0 755420 Financial Select Sector SPDR F COM 81369Y605 7665 196298 SH SOLE 196298 0 0 First Horizon Corp. COM 320517105 814 49839 SH SOLE 49839 0 0 General Dynamics Corp. COM 369550108 149870 718903 SH SOLE 534875 0 184028 General Electric Co. COM 369604301 686 7262 SH SOLE 7262 0 0 Genuine Parts Co. COM 372460105 221193 1577693 SH SOLE 1263076 0 314617 Globaltrans Investment PLC GDR COM 37949E204 4548 533759 SH SOLE 533759 0 0 Great Western Bancorp Inc. COM 391416104 1409 41489 SH SOLE 41489 0 0 Haemonetics Corp. COM 405024100 848 15984 SH SOLE 15984 0 0 Health Care Select Sector SPDR COM 81369Y209 13300 94402 SH SOLE 94402 0 0 Healthpeak Properties Inc COM 42250P103 176941 4902759 SH SOLE 3902117 0 1000642 Helmerich & Payne Inc. COM 423452101 268 11323 SH SOLE 11323 0 0 HollyFrontier Corp. COM 436106108 500 15244 SH SOLE 15244 0 0 Honeywell International Inc. COM 438516106 3962 19003 SH SOLE 19003 0 0 Host Hotels & Resorts Inc. COM 44107P104 1028 59105 SH SOLE 59105 0 0 Huntsman Corp. COM 447011107 888 25471 SH SOLE 25471 0 0 Iberdola SA (ADR) ADR 450737101 30281 641411 SH SOLE 430641 0 210770 ICICI Bank Ltd. (ADR) ADR 45104G104 20654 1043645 SH SOLE 1043645 0 0 Industrial Select Sector SPDR COM 81369Y704 6679 63125 SH SOLE 63125 0 0 ING Groep NV (ADR) ADR 456837103 261 18726 SH SOLE 18726 0 0 Intel Corp. COM 458140100 183197 3557217 SH SOLE 2793105 0 764112 International Business Machine COM 459200101 682 5100 SH SOLE 5100 0 0 Intesa Sanpaolo SPA COM T55067101 28 10788 SH SOLE 10788 0 0 iShares MSCI ACWI ex US ETF COM 464288240 4820 86697 SH SOLE 86697 0 0 iShares MSCI EAFE ETF COM 464287465 11806 150050 SH SOLE 150050 0 0 iShares MSCI Emerging Markets COM 464287234 2458 50315 SH SOLE 50315 0 0 iShares MSCI India ETF COM 46429B598 6744 147118 SH SOLE 147118 0 0 iShares MSCI South Korea ETF COM 464286772 9607 123373 SH SOLE 123373 0 0 iShares MSCI Taiwan ETF COM 46434G772 11233 168636 SH SOLE 168636 0 0 iShares Russell 1000 Value ETF COM 464287598 254 1515 SH SOLE 1515 0 0 Itau Unibanco Holding SA-Pref ADR 465562106 70 18707 SH SOLE 18707 0 0 Johnson & Johnson COM 478160104 222618 1301326 SH SOLE 991564 0 309762 Johnson Controls International COM G51502105 259938 3196877 SH SOLE 2498896 0 697981 Jones Lang LaSalle Inc. COM 48020Q107 215 797 SH SOLE 797 0 0 JP Morgan Chase & Co. COM 46625H100 274537 1733733 SH SOLE 1377085 0 356648 Kaspi.kz JSC COM 48581R205 14896 128413 SH SOLE 128413 0 0 Kimberly-Clark Corp. COM 494368103 146422 1024504 SH SOLE 759526 0 264978 Klabin S/A UNT N2 COM P6115V251 63 13740 SH SOLE 13740 0 0 KMC Kuei Meng International In COM Y1662S108 2191 307000 SH SOLE 307000 0 0 Kossan Rubber Industries Berha COM Y4964F105 30 65000 SH SOLE 65000 0 0 KWG Group Holdings COM G53224104 7654 11701202 SH SOLE 11701202 0 0 Lazard Ltd. COM G54050102 426 9753 SH SOLE 9753 0 0 Linde PLC COM G5494J103 346 1000 SH SOLE 1000 0 0 Link REIT COM Y5281M111 114 13000 SH SOLE 13000 0 0 Lowe's Cos. Inc. COM 548661107 179103 692910 SH SOLE 550489 0 142421 Lukoil PJSC (ADR) ADR 69343P105 20720 230736 SH SOLE 230736 0 0 Lundin Mining Corp. COM 550372106 159 20404 SH SOLE 20404 0 0 Mahindra & Mahindra Reg S (GDR COM Y54164119 546 48086 SH SOLE 48086 0 0 Mapletree Industrial Trust COM Y5759S103 184 91350 SH SOLE 91350 0 0 MasterCraft Boat Holdings Inc. COM 57637H103 364 12848 SH SOLE 12848 0 0 Materials Select Sector SPDR F COM 81369Y100 5317 58679 SH SOLE 58679 0 0 Mayville Engineering Company I COM 578605107 637 42730 SH SOLE 42730 0 0 McDonald's Corp. COM 580135101 2419 9025 SH SOLE 9025 0 0 Mediatek Inc COM Y5945U103 13033 303100 SH SOLE 303100 0 0 Medtronic PLC COM G5960L103 181741 1756804 SH SOLE 1426580 0 330224 Merck & Co. Inc. COM 58933Y105 178685 2331485 SH SOLE 1895324 0 436161 Michelin cie Generale de Estab ADR 59410T106 33060 1008236 SH SOLE 683114 0 325122 Microsoft Corp. COM 594918104 111719 332181 SH SOLE 269676 0 62505 MKS Instruments Inc. COM 55306N104 527 3025 SH SOLE 3025 0 0 MMC Norilsk Nickel PJSC (ADR) ADR 55315J102 40013 1304624 SH SOLE 1099883 0 204741 Mondelez International Inc. COM 609207105 4308 64967 SH SOLE 64967 0 0 Morgan Stanley COM 617446448 255842 2606381 SH SOLE 2069600 0 536781 Muenchener Ruechversicherungs ADR 626188106 37925 1276922 SH SOLE 826055 0 450867 Muenchener Ruechversicherungs COM D55535104 2808 9467 SH SOLE 9467 0 0 Nagacorp Ltd. COM G6382M109 84 96260 SH SOLE 96260 0 0 National Bank of Canada COM 633067103 1099 14418 SH SOLE 14418 0 0 Nestle SA COM H57312649 7338 52509 SH SOLE 52509 0 0 Nestle SA (ADR) ADR 641069406 53701 382571 SH SOLE 264733 0 117838 Newmont Corp. COM 651639106 339 5465 SH SOLE 5465 0 0 NextEra Energy Inc COM 65339F101 238653 2556262 SH SOLE 1905482 0 650780 Nippon Telegraph & Telephone C ADR 654624105 48968 1786499 SH SOLE 1297293 0 489206 Nippon Telegraph & Telephone C COM J59396101 9001 328832 SH SOLE 328832 0 0 NN Group NV (ADR) ADR 629334103 55805 2057717 SH SOLE 1482379 0 575338 Norfolk Southern Corp. COM 655844108 260 875 SH SOLE 875 0 0 Nova Ljubljanska Banka COM 66980N203 523 30540 SH SOLE 30540 0 0 Novartis AG COM H5820Q150 2760 31348 SH SOLE 31348 0 0 Novartis AG (ADR) ADR 66987V109 245146 2802628 SH SOLE 2225745 0 576883 OPAP SA COM X3232T104 12700 894579 SH SOLE 894579 0 0 OPAP SA (ADR) ADR 392483103 7810 1093808 SH SOLE 1093808 0 0 Oracle Corp. COM 68389X105 4703 53927 SH SOLE 53927 0 0 Otis Worldwide Corporation COM 68902V107 230 2646 SH SOLE 2646 0 0 Pacific Basin Shipping Ltd. COM G68437139 22 59000 SH SOLE 59000 0 0 Packaging Corp. of America COM 695156109 2187 16061 SH SOLE 16061 0 0 Parkway Life REIT COM Y67202104 693 182000 SH SOLE 182000 0 0 PAX Global Technology Ltd. COM G6955J103 3931 5551392 SH SOLE 5551392 0 0 Pentair PLC COM G7S00T104 204 2798 SH SOLE 2798 0 0 PepsiCo Inc. COM 713448108 1512 8705 SH SOLE 8705 0 0 Persimmon PLC (ADR) ADR 715318101 46388 586120 SH SOLE 422219 0 163901 Pfizer Inc. COM 717081103 216206 3661398 SH SOLE 2791603 0 869795 Philip Morris International In COM 718172109 221668 2333349 SH SOLE 1835330 0 498019 Polymetal International PLC COM 98419M100 292 16453 SH SOLE 16453 0 0 PotlatchDeltic Corp COM 737630103 217 3600 SH SOLE 3600 0 0 Power Corporation of Canada COM 739239101 41974 1268877 SH SOLE 938577 0 330300 Power Corporation of Canada COM 739239101 6786 205209 SH SOLE 205209 0 0 PPL Corp. COM 69351T106 30504 1014781 SH SOLE 1014781 0 0 Premier Financial Corp COM 74052F108 234 7559 SH SOLE 7559 0 0 Prologis Property Mexico COM P4559M101 20306 7326586 SH SOLE 7326586 0 0 PT Bank Rakyat Indonesia Perse COM Y0697U112 11601 40224013 SH SOLE 40224013 0 0 PT Indo Tambangraya Megah Taba COM Y71244100 54 37750 SH SOLE 37750 0 0 PT Telkom Indonesia Persero Tb COM Y71474137 12703 44804980 SH SOLE 44804980 0 0 Public Service Enterprise Grou COM 744573106 625 9360 SH SOLE 9360 0 0 Public Storage COM 74460D109 754 2012 SH SOLE 2012 0 0 Quanta Computer Inc. COM Y7174J106 9364 2736500 SH SOLE 2736500 0 0 Quanta Services Inc. COM 74762E102 594 5177 SH SOLE 5177 0 0 Quest Diagnostics Inc. COM 74834L100 240 1386 SH SOLE 1386 0 0 Rayonier Inc. COM 754907103 458 11355 SH SOLE 11355 0 0 Raytheon Technologies Corp. COM 75513E101 236520 2748319 SH SOLE 2277279 0 471040 Real Estate Select Sector SPDR COM 81369Y860 13165 254095 SH SOLE 254095 0 0 Rio Tinto PLC (ADR) ADR 767204100 29035 433752 SH SOLE 433752 0 0 Roche Holding AG COM H69293217 5249 12627 SH SOLE 12627 0 0 Roche Holding AG (ADR) ADR 771195104 52924 1023872 SH SOLE 723009 0 300863 Rolls-Royce Holdings PLC (ADR) ADR 775781206 78 48000 SH SOLE 48000 0 0 Royal Bank of Canada COM 780087102 563 5305 SH SOLE 5305 0 0 Ruth's Hospitality Group Inc. COM 783332109 794 39908 SH SOLE 39908 0 0 Samsung Electronics Co. Ltd. - COM 796050201 5824 3867 SH SOLE 3867 0 0 Samsung Electronics Co. Ltd. - COM Y74718118 3495 58415 SH SOLE 58415 0 0 Samsung Electronics GDR COM 796050888 4576 2775 SH SOLE 2775 0 0 Sanofi COM F5548N101 3885 38527 SH SOLE 38527 0 0 Sanofi (ADR) ADR 80105N105 34500 688619 SH SOLE 486130 0 202489 Sberbank of Russia PJSC (ADR) ADR 80585Y308 4356 276555 SH SOLE 276555 0 0 Seagate Technology PLC COM G7997R103 322 2850 SH SOLE 2850 0 0 Select Energy Services Inc. COM 81617J301 170 27250 SH SOLE 27250 0 0 Sempra Energy COM 816851109 1335 10096 SH SOLE 10096 0 0 Sensata Technologies Holding P COM G8060N102 2423 39285 SH SOLE 39285 0 0 Shinhan Financial Group Compan ADR 824596100 9237 298820 SH SOLE 298820 0 0 Siemens AG COM D69671218 7612 43796 SH SOLE 43796 0 0 Siemens AG (ADR) ADR 826197501 236022 2725423 SH SOLE 2062440 0 662983 Silicon Motion Technology Corp ADR 82706C108 9880 103968 SH SOLE 103968 0 0 Simon Property Group Inc. COM 828806109 564 3530 SH SOLE 3530 0 0 Singapore Technologies Enginee COM Y7996W103 59 21200 SH SOLE 21200 0 0 SK Telecom Co Ltd (ADR) ADR 78440P306 8958 335895 SH SOLE 335895 0 0 Skyworks Solutions Inc. COM 83088M102 2156 13895 SH SOLE 13895 0 0 SLC Agricola (ADR) ADR 78444J108 972 117487 SH SOLE 117487 0 0 Smurfit Kappa Group PLC COM G8248F104 12697 230247 SH SOLE 230247 0 0 Smurfit Kappa Group PLC (ADR) ADR 83272W106 57448 1004516 SH SOLE 708270 0 296246 Softbank Corp (ADR) ADR 83405K102 51542 4093862 SH SOLE 2952685 0 1141177 Sonic Healthcare Ltd. COM Q8563C107 7354 216908 SH SOLE 216908 0 0 Sonic Healthcare Ltd. (ADR) ADR 83546A203 44099 1310917 SH SOLE 936663 0 374254 SouthState Corp. COM 840441109 528 6590 SH SOLE 6590 0 0 Spirit AeroSystems Holdings In COM 848574109 498 11561 SH SOLE 11561 0 0 Spirit of Texas Bancshares In COM 84861D103 939 32627 SH SOLE 32627 0 0 Steelcase Inc. COM 858155203 361 30838 SH SOLE 30838 0 0 Stella International Holdings COM G84698102 25 20560 SH SOLE 20560 0 0 Stora Enso Oyj COM X21349117 365 19870 SH SOLE 19870 0 0 Suzano SA (ADR) ADR 86959K105 148 13685 SH SOLE 13685 0 0 Svenska Handelsbanken AB (ADR) ADR 86959C103 41728 7770575 SH SOLE 5668404 0 2102171 Taiwan Semiconductor Manufactu ADR 874039100 25847 214840 SH SOLE 214840 0 0 Target Corp. COM 87612E106 184874 798800 SH SOLE 621242 0 177558 Taylor Morrison Corp. COM 87724P106 372 10655 SH SOLE 10655 0 0 TCS Group Holdings COM 87238U203 501 5940 SH SOLE 5940 0 0 Technology Select Sector SPDR COM 81369Y803 7363 42346 SH SOLE 42346 0 0 Tesco PLC (ADR) ADR 881575401 43036 3595326 SH SOLE 2645179 0 950147 The Allstate Corp. COM 020002101 24191 205615 SH SOLE 205615 0 0 The Chemours Co. COM 163851108 497 14795 SH SOLE 14795 0 0 The Coca-Cola Co. COM 191216100 319 5390 SH SOLE 5390 0 0 The JM Smucker Co. COM 832696405 1048 7717 SH SOLE 7717 0 0 The PNC Financial Services Gro COM 693475105 2680 13365 SH SOLE 13365 0 0 The Procter & Gamble Co. COM 742718109 2658 16249 SH SOLE 16249 0 0 The Siam Commerical Bank PCL COM Y7905M113 60 15660 SH SOLE 15660 0 0 The Travelers Companies Inc. COM 89417E109 99027 633043 SH SOLE 476685 0 156358 The Walt Disney Co. COM 254687106 4028 26006 SH SOLE 26006 0 0 Thermo Fisher Scientific Inc. COM 883556102 4614 6915 SH SOLE 6915 0 0 Tokio Marine Holdings Inc. COM J86298106 5819 104759 SH SOLE 104759 0 0 Tokio Marine Holdings Inc. (AD ADR 889094108 47149 841797 SH SOLE 630076 0 211721 TotalEnergies SE (ADR) ADR 89151E109 67540 1365543 SH SOLE 1054031 0 311512 Toyota Motor Corp. (ADR) ADR 892331307 93435 504234 SH SOLE 408882 0 95352 Truist Financial Corp COM 89832Q109 196526 3356552 SH SOLE 2694451 0 662101 UBS Group AG (ADR) ADR H42097107 28609 1600955 SH SOLE 1009187 0 591768 Unilever PLC COM N8981F271 711 13275 SH SOLE 13275 0 0 Unilever PLC (ADR) ADR 904767704 190583 3543093 SH SOLE 2799387 0 743706 Union Pacific Corp. COM 907818108 3379 13414 SH SOLE 13414 0 0 United Overseas Bank Ltd. COM V96194127 7918 396808 SH SOLE 396808 0 0 United Overseas Bank Ltd. (ADR ADR 911271302 50086 1250593 SH SOLE 893516 0 357077 United Parcel Service Inc. COM 911312106 172815 806263 SH SOLE 629065 0 177198 UPM-Kymmene Oyj COM X9518S108 4935 129544 SH SOLE 129544 0 0 UPM-Kymmene OYJ (ADR) ADR 915436208 32664 856414 SH SOLE 564917 0 291497 Utilities Select Sector SPDR F COM 81369Y886 2163 30220 SH SOLE 30220 0 0 Vale SA (ADR) ADR 91912E105 38633 2755593 SH SOLE 2054647 0 700946 Valero Energy Corp. COM 91913Y100 238 3170 SH SOLE 3170 0 0 VanEck Vietnam ETF COM 92189F817 1759 82798 SH SOLE 82798 0 0 Vanguard Dividend Appreciation COM 921908844 308 1795 SH SOLE 1795 0 0 Vanguard Value ETF COM 922908744 397 2700 SH SOLE 2700 0 0 Verizon Communications Inc. COM 92343V104 29069 559442 SH SOLE 559442 0 0 Vici Properties Inc. COM 925652109 132667 4406072 SH SOLE 3684727 0 721345 Volvo AB B-Shares COM 928856301 8553 368785 SH SOLE 368785 0 0 Volvo AB B-Shares (ADR) ADR 928854108 32009 1386286 SH SOLE 1079100 0 307186 Walgreens Boots Alliance Inc. COM 931427108 138848 2661964 SH SOLE 2042283 0 619681 Wal-Mart Stores Inc. COM 931142103 3368 23280 SH SOLE 23280 0 0 Welltower Inc. COM 95040Q104 140453 1637553 SH SOLE 1229567 0 407986 Weyerhaeuser Co. COM 962166104 447 10853 SH SOLE 10853 0 0 WP Carey Inc. COM 92936U109 565 6885 SH SOLE 6885 0 0 Xinyi Solar Holdings Ltd. COM G9829N102 49 28908 SH SOLE 28908 0 0 Zijin Mining Group Co. Ltd. COM Y9892H107 8228 6912218 SH SOLE 6912218 0 0 Zurich Insurance Group AG COM H9870Y105 9767 22243 SH SOLE 22243 0 0 Zurich Insurance Group AG (ADR ADR 989825104 52464 1192373 SH SOLE 845402 0 346971