UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F

FORM 13F COVER PAGE
OMB APPROVAL
OMB Number:3235-0006
Expires:July 31, 2015
Estimated average burden
hours per response:23.8
Report for the Calendar Year or Quarter Ended:
09-30-2022
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:
CULLEN CAPITAL MANAGEMENT, LLC
Address:
645 Fifth Ave
New York, NY 10022
Form 13F File Number:
028-11905

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:
Aiden Kelly
Title:
CCO
Phone:
646-200-7609


Signature, Place, and Date of Signing:

Aiden Kelly
                         [Signature]
NEW YORK, NEW YORK
                 [City, State]
10-11-2022
                           [Date]
                          

Report Type (Check only one.):

☒ 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:
281
Form 13F Information table Value Total:
9333310
          (thousands)

List of Other Included Managers:

Provide a numbered list of the name(s) and Form 13F file number(s) of all institutional investment managers with respect to which this report is filed, other than the manager filing this report.
[If there are no entries in this list, state "NONE" and omit the column headings and list entries.]

  
NONE


UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F

FORM 13F INFORMATION TABLE
OMB APPROVAL
OMB Number:3235-0006
Expires:July 31, 2015
Estimated average burden
hours per response:23.8
COLUMN 1COLUMN 2COLUMN 3COLUMN 4COLUMN 5COLUMN 6COLUMN 7COLUMN 8
VALUESHRS ORSH/PUT/INVESTMENTOTHERVOTING AUTHORITY
NAME OF ISSUERTITLE OF CLASSCUSIP(x$1000)PRN AMTPRNCALLDISCRETIONMANAGERSOLESHAREDNONE
3i Group PLC (ADR)ADR88579N10532,4945,309,558SHSOLE3,666,854 0 1,642,704
3M Co.COM88579Y10197,878885,773SHSOLE688,377 0 197,396
3R PetroleumonCOM64058100541462,660SHSOLE62,660 0 0
AbbVie Inc.COM00287Y1094723,520SHSOLE3,520 0 0
Acadian Timber Corp.COM00427210042936,598SHSOLE36,598 0 0
AIA Group LtdCOMY002A110514,6971,762,729SHSOLE1,762,729 0 0
Airtel Africa PLCCOM50050N10315,71410,892,743SHSOLE10,892,743 0 0
Altria Group Inc.COM02209S103134,0083,318,673SHSOLE2,702,376 0 616,297
American Express Co.COM0258161093,59126,616SHSOLE26,616 0 0
Ameris BancorpCOM03076K10870215,705SHSOLE15,705 0 0
Amgen Inc.COM0311621004922,181SHSOLE2,181 0 0
Anglo American PLCCOM3662Q10539,553312,753SHSOLE312,753 0 0
ANI Pharmaceuticals Inc.COM00182C10344113,709SHSOLE13,709 0 0
Apple Inc.COM0378331007795,640SHSOLE5,640 0 0
Applied Materials Inc.COM0382221052,14526,176SHSOLE26,176 0 0
Arca Continental SAB de CVCOMP0448R10324,8713,453,745SHSOLE3,453,745 0 0
Archer-Daniels-Midland Co.COM0394831022,15426,777SHSOLE26,777 0 0
Arrow Electronics Inc.COM0427351003,15934,261SHSOLE34,261 0 0
ASE Technology Holding Co. LtdADR00215W10026,3255,275,573SHSOLE3,826,443 0 1,449,130
AT&T Inc.COM00206R10295,4946,225,156SHSOLE4,686,100 0 1,539,056
Axalta Coating Systems Ltd.COMG0750C1082,199104,410SHSOLE104,410 0 0
BAE Systems PLCCOMG069401037,640866,367SHSOLE866,367 0 0
BAE Systems PLC (ADR)ADR05523R10748,1521,373,224SHSOLE922,357 0 450,867
Banco Del BajioCOMP1R2ZN11713,2335,234,467SHSOLE5,234,467 0 0
Bank of America Corp.COM060505104156,4395,180,090SHSOLE3,890,647 0 1,289,443
Barrett Business Services Inc.COM0684631081,11314,263SHSOLE14,263 0 0
BCE Inc.COM05534B760233,5325,568,231SHSOLE4,275,154 0 1,293,077
BGSF Inc.COM05601C10597787,921SHSOLE87,921 0 0
BMW AGCOMD120961091,60023,321SHSOLE23,321 0 0
BNP Paribas SACOMF1058Q2383,44980,708SHSOLE80,708 0 0
BNP Paribas SA (ADR)ADR05565A20224,8831,178,171SHSOLE787,402 0 390,769
BOEING CO/THECOM0970231051,48912,297SHSOLE12,297 0 0
BorgWarner Inc.COM0997241062,61383,227SHSOLE83,227 0 0
Boston Properties Inc.COM10112110177,5851,034,886SHSOLE780,157 0 254,729
Brigham Minerals Inc.COM10918L10358823,849SHSOLE23,849 0 0
Bristol-Myers Squibb Co.COM11012210858,318820,344SHSOLE820,344 0 0
British American Tobacco PLC (ADR11044810745,3831,278,401SHSOLE955,448 0 322,953
Britvic PLCCOMG173871043,203399,750SHSOLE399,750 0 0
Britvic PLC (ADR)ADR11119010419,1931,217,805SHSOLE795,280 0 422,525
Broadcom Ltd.COM11135F101180,984407,613SHSOLE322,246 0 85,367
Cabot Corp.COM1270551012143,351SHSOLE3,351 0 0
Canadian National Railway Co.COM1363751022,76125,567SHSOLE25,567 0 0
Canadian Pacific Railway Ltd.COM13645T1004176,248SHSOLE6,248 0 0
CapitaLand Ascendas REITCOMY0205X1035,6453,014,134SHSOLE3,014,134 0 0
Capitaland India TrustCOMY0259C1044,2945,874,039SHSOLE5,874,039 0 0
Carrier Global CorporationCOM14448C1042025,673SHSOLE5,673 0 0
Central Asia MetalsCOM874080104342141,205SHSOLE141,205 0 0
Chevron Corp.COM166764100227,5691,583,972SHSOLE1,275,458 0 308,514
Chubb Ltd.COMH1467J104208,9441,148,800SHSOLE860,580 0 288,220
Cie de Saint-GobainCOMFR03431003,51196,677SHSOLE96,677 0 0
Cie de Saint-Gobain (ADR)ADR20428030919,2782,711,386SHSOLE1,896,125 0 815,261
Cigna Corp.COM1255231004,02914,520SHSOLE14,520 0 0
Cisco Systems Inc.COM17275R102167,7124,192,800SHSOLE3,380,512 0 812,288
CITIC Securities Company Ltd.COMY1639N117268157,697SHSOLE157,697 0 0
Citigroup Inc.COM172967424127,6363,063,009SHSOLE2,377,234 0 685,775
Civitas Resources Inc.COM17888H1034467,775SHSOLE7,775 0 0
Coca Cola Euro PacificCOMG258391041,07825,282SHSOLE25,282 0 0
Coca-Cola Femsa SAB de CV (ADRADR19124110828,973496,195SHSOLE352,155 0 144,040
Comcast Corp. (Cl A)COM20030N101121,2524,134,060SHSOLE3,461,622 0 672,438
Communication Services Select COM81369Y8522,87960,112SHSOLE60,112 0 0
Companhia de Saneamento BasicoADR20441A10211512,659SHSOLE12,659 0 0
Comtech Telecommunications CorCOM20582620932031,931SHSOLE31,931 0 0
ConAgra Brands Inc.COM20588710240,3961,238,004SHSOLE1,238,004 0 0
ConocoPhillipsCOM20825C104178,8821,747,919SHSOLE1,412,135 0 335,784
Consumer Staples Select SectorCOM81369Y3082,12831,884SHSOLE31,884 0 0
Copa Holdings S.A.COMP310761053715,536SHSOLE5,536 0 0
Coterra Energy Inc.COM12709710382931,726SHSOLE31,726 0 0
CSX Corp.COM12640810376728,773SHSOLE28,773 0 0
Denny's Corp.COM24869P1041,009107,188SHSOLE107,188 0 0
Deutsche Post AGCOMD192251073,268107,168SHSOLE107,168 0 0
Deutsche Post AG (ADR)ADR25157Y20214,945497,178SHSOLE338,050 0 159,128
Deutsche Telekom AG (ADR)ADR25156610530,2981,775,996SHSOLE1,191,603 0 584,393
Diageo PLC (ADR)ADR25243Q20596,612568,939SHSOLE438,164 0 130,775
DNB Bank ASA (ADR)ADR23341C10334,7782,214,425SHSOLE1,525,293 0 689,132
Dominion Resources Inc.COM25746U1096218,986SHSOLE8,986 0 0
Dow IncCOM260557103152,9683,482,075SHSOLE2,948,167 0 533,908
Duke Energy Corp.COM26441C204204,7502,201,135SHSOLE1,773,080 0 428,055
DuPont De NemourCOM26614N10279415,755SHSOLE15,755 0 0
Eaton Corp. PLCCOMG291831033,01922,637SHSOLE22,637 0 0
EC HealthcareCOMG9320L1003149,070SHSOLE49,070 0 0
Emergent BioSolutions Inc.COM29089Q10524611,708SHSOLE11,708 0 0
Enbridge Inc.COM29250N1053579,627SHSOLE9,627 0 0
Enel SPA (ADR)ADR29265W20712,8663,168,846SHSOLE2,156,038 0 1,012,808
Energy Select Sector SPDR FundCOM81369Y5062863,967SHSOLE3,967 0 0
Energy Transfer LPCOM29273V1005,911535,862SHSOLE535,862 0 0
Enterprise Financial Services COM2937121053026,851SHSOLE6,851 0 0
Enterprise Products Partners LCOM29379210768128,635SHSOLE28,635 0 0
EOG Resources Inc.COM26875P10138,370343,414SHSOLE343,414 0 0
Eurobank Ergasias SA (ADR)ADR29873D1043,6879,359,089SHSOLE9,359,089 0 0
Exxon Mobil Corp.COM30231G102249,8232,861,328SHSOLE2,291,887 0 569,441
Financial Select Sector SPDR FCOM81369Y6052,41479,507SHSOLE79,507 0 0
First Horizon Corp.COM3205171051,23653,980SHSOLE53,980 0 0
First Interstate Bancsystem InCOM32055Y2011,38034,203SHSOLE34,203 0 0
General Dynamics Corp.COM369550108155,235731,652SHSOLE543,606 0 188,046
General Electric Co.COM3696043014066,551SHSOLE6,551 0 0
General Mills Inc.COM3703341042052,677SHSOLE2,677 0 0
Genuine Parts Co.COM372460105230,1391,541,244SHSOLE1,217,414 0 323,830
Globaltrans Investment PLC GDRCOM37949E204 0 104,811SHSOLE104,811 0 0
Gran Tierra Energy Inc.COM38500T1012016,165SHSOLE16,165 0 0
Great Lakes Dredge & Dock CorpCOM39060710974197,750SHSOLE97,750 0 0
Grupo Mexico SAB de CVCOMP495381128,7352,582,271SHSOLE2,582,271 0 0
Haemonetics Corp.COM4050241001,16015,667SHSOLE15,667 0 0
Health Care Select Sector SPDRCOM81369Y2093,47928,726SHSOLE28,726 0 0
Healthpeak Properties IncCOM42250P103171,5627,485,246SHSOLE6,066,423 0 1,418,823
Hellenic Telecommunications OrCOM40412C1015,571382,757SHSOLE382,757 0 0
Hellenic Telecommunications OrADR4233253072,602371,385SHSOLE371,385 0 0
Helmerich & Payne Inc.COM4234521013338,996SHSOLE8,996 0 0
HF Sinclair CorporationCOM40394910066112,280SHSOLE12,280 0 0
Honeywell International Inc.COM4385161063,16818,985SHSOLE18,985 0 0
Host Hotels & Resorts Inc.COM44107P10437723,738SHSOLE23,738 0 0
Huntsman Corp.COM44701110756122,876SHSOLE22,876 0 0
Iberdola SA (ADR)ADR45073710121,487577,455SHSOLE369,856 0 207,599
ICICI Bank Ltd. (ADR)ADR45104G10420,407973,170SHSOLE973,170 0 0
Industrial Select Sector SPDR COM81369Y7042,52230,443SHSOLE30,443 0 0
Intel Corp.COM458140100121,9204,731,096SHSOLE3,838,606 0 892,490
International Business MachineCOM4592001014373,678SHSOLE3,678 0 0
iShares MSCI EAFE Value ETFCOM4642888771,47938,382SHSOLE38,382 0 0
iShares MSCI Emerging Markets COM4642872343128,950SHSOLE8,950 0 0
iShares MSCI India ETFCOM46429B5985,639138,281SHSOLE138,281 0 0
iShares MSCI Japan ETFCOM46434G8222224,538SHSOLE4,538 0 0
iShares MSCI Norway ETFCOM46429B49921110,139SHSOLE10,139 0 0
iShares MSCI South Korea ETFCOM4642867724,56696,403SHSOLE96,403 0 0
iShares MSCI Switzerland ETFCOM4642867492767,374SHSOLE7,374 0 0
iShares MSCI Taiwan ETFCOM46434G7722,36854,944SHSOLE54,944 0 0
iShares Russell 1000 Value ETFCOM4642875984323,178SHSOLE3,178 0 0
Itau Unibanco Holding SA-Pref ADR4655621067,5201,454,582SHSOLE1,454,582 0 0
Johnson & JohnsonCOM478160104265,8231,627,220SHSOLE1,292,774 0 334,446
Johnson Controls InternationalCOMG51502105181,3983,685,451SHSOLE2,850,194 0 835,257
JP Morgan Chase & Co.COM46625H100215,0452,057,845SHSOLE1,616,133 0 441,712
Kaspi.kz JSCCOM48581R20510,835186,802SHSOLE186,802 0 0
Kimberly-Clark Corp.COM494368103124,1421,103,088SHSOLE804,028 0 299,060
Klabin S/A UNT N2COMP6115V2514613,740SHSOLE13,740 0 0
KMC Kuei Meng International InCOMY1662S108882200,000SHSOLE200,000 0 0
Kossan Rubber Industries BerhaCOMY4964F1051565,000SHSOLE65,000 0 0
Linde PLCCOMG5494J1033131,160SHSOLE1,160 0 0
Link REITCOMY5281M11124835,400SHSOLE35,400 0 0
Lowe's Cos. Inc.COM548661107135,826723,210SHSOLE568,046 0 155,164
Mahindra & Mahindra Reg S (GDRCOMY5416411955435,518SHSOLE35,518 0 0
Mapletree Industrial TrustCOMY5759S103170102,350SHSOLE102,350 0 0
Materials Select Sector SPDR FCOM81369Y1001,38320,338SHSOLE20,338 0 0
Mayville Engineering Company ICOM57860510711317,350SHSOLE17,350 0 0
McDonald's Corp.COM5801351012,1059,121SHSOLE9,121 0 0
Mediatek IncCOMY5945U1031,900109,500SHSOLE109,500 0 0
Medtronic PLCCOMG5960L103212,1212,626,885SHSOLE2,132,626 0 494,259
Merck & Co. Inc.COM58933Y105247,3812,872,521SHSOLE2,372,920 0 499,601
Michelin cie Generale de EstabADR59410T10616,7651,508,349SHSOLE975,277 0 533,072
Microsoft Corp.COM59491810475,633324,744SHSOLE257,672 0 67,072
MMC Norilsk Nickel PJSC (ADR)ADR55315J1028728,870SHSOLE28,870 0 0
Mondelez International Inc.COM6092071054,42980,774SHSOLE80,774 0 0
Morgan StanleyCOM617446448228,5632,892,843SHSOLE2,300,876 0 591,967
Muenchener Ruechversicherungs COMD555351042,43410,032SHSOLE10,032 0 0
Muenchener Ruechversicherungs ADR62618810625,2271,046,778SHSOLE703,985 0 342,793
Mytilineos SA (ADR)ADR62866P1071,924142,923SHSOLE142,923 0 0
Nagacorp Ltd.COMG6382M1093958,650SHSOLE58,650 0 0
National Bank of CanadaCOM63306710390014,374SHSOLE14,374 0 0
Nestle SACOMH573126496,91463,704SHSOLE63,704 0 0
Nestle SA (ADR)ADR64106940649,258457,748SHSOLE310,392 0 147,356
Newmont Corp.COM6516391062305,465SHSOLE5,465 0 0
NextEra Energy IncCOM65339F101206,4862,633,419SHSOLE1,936,353 0 697,066
Nickel Asia Corp.COMY6350R1061071,242,000SHSOLE1,242,000 0 0
Nippon Telegraph & Telephone CCOMJ5939610113,299492,770SHSOLE492,770 0 0
Nippon Telegraph & Telephone CADR65462410560,3942,228,573SHSOLE1,527,595 0 700,978
NN Group NV (ADR)ADR62933410329,5641,523,942SHSOLE1,030,991 0 492,951
Novartis AGCOMH5820Q1502,36130,834SHSOLE30,834 0 0
Novartis AG (ADR)ADR66987V109263,5473,467,273SHSOLE2,698,577 0 768,696
OPAP SACOMX3232T10414,6461,216,909SHSOLE1,216,909 0 0
OPAP SA (ADR)ADR3924831035,794957,696SHSOLE957,696 0 0
Oracle Corp.COM68389X1053,68060,260SHSOLE60,260 0 0
Packaging Corp. of AmericaCOM6951561091,97317,571SHSOLE17,571 0 0
Parkway Life REITCOMY67202104537182,000SHSOLE182,000 0 0
PAX Global Technology Ltd.COMG6955J1038,00010,536,308SHSOLE10,536,308 0 0
PepsiCo Inc.COM7134481081,4298,755SHSOLE8,755 0 0
Persimmon PLC (ADR)ADR7153181012,968108,660SHSOLE82,889 0 25,771
Petroleo Brasileiro SACOMP7833113213,2382,158,225SHSOLE2,158,225 0 0
Petroleo Brasileiro SA (ADR)ADR71654V4088,121658,113SHSOLE658,113 0 0
Pfizer Inc.COM717081103174,3783,984,883SHSOLE3,062,296 0 922,587
Philip Morris International InCOM718172109212,2532,556,953SHSOLE2,015,670 0 541,283
PotlatchDeltic CorpCOM7376301032255,486SHSOLE5,486 0 0
Power Corporation of CanadaCOM73923910132,1481,420,893SHSOLE991,180 0 429,713
Power Corporation of CanadaCOM7392391014,877216,365SHSOLE216,365 0 0
PPL Corp.COM69351T10648,1221,898,308SHSOLE1,898,308 0 0
Premier Financial CorpCOM74052F10828010,888SHSOLE10,888 0 0
Prologis Property MexicoCOMP4559M10118,9627,459,566SHSOLE7,459,566 0 0
PT Bank Rakyat Indonesia PerseCOMY0697U11217,98861,102,130SHSOLE61,102,130 0 0
PT Indo Tambangraya Megah TabaCOMY712441004316,000SHSOLE16,000 0 0
PT International Nickel IndoneCOMY39128148182434,000SHSOLE434,000 0 0
PT Telkom Indonesia Persero TbCOMY7147413714,55949,787,530SHSOLE49,787,530 0 0
Public Service Enterprise GrouCOM7445731065269,360SHSOLE9,360 0 0
Public StorageCOM74460D1095541,891SHSOLE1,891 0 0
QUALCOMM Inc.COM7475251038337,374SHSOLE7,374 0 0
Quanta Computer Inc.COMY7174J106756311,800SHSOLE311,800 0 0
Ralph Lauren Corp.COM7512121011,19114,023SHSOLE14,023 0 0
Rayonier Inc.COM75490710332210,743SHSOLE10,743 0 0
Raytheon Technologies Corp.COM75513E101227,4972,779,100SHSOLE2,293,731 0 485,369
Real Estate Select Sector SPDRCOM81369Y8601,56143,343SHSOLE43,343 0 0
Rio Tinto PLC (ADR)ADR76720410076,6041,391,277SHSOLE1,173,893 0 217,384
RLJ Lodging TrustCOM74965L10124123,820SHSOLE23,820 0 0
Roche Holding AGCOMH692932177,81223,827SHSOLE23,827 0 0
Roche Holding AG (ADR)ADR77119510446,6651,148,810SHSOLE777,385 0 371,425
Rolls-Royce Holdings PLC (ADR)ADR7757812063948,000SHSOLE48,000 0 0
Royal Bank of CanadaCOM7800871024785,305SHSOLE5,305 0 0
Ruth's Hospitality Group Inc.COM78333210929517,490SHSOLE17,490 0 0
Samsung Electronics Co. Ltd. -COM7960502013,6174,406SHSOLE4,406 0 0
Samsung Electronics Co. Ltd. -COMY747181183,16197,199SHSOLE97,199 0 0
Samsung Electronics GDRCOM7960508883,9794,316SHSOLE4,316 0 0
San Juan Basin Royalty TrustCOM79824110575179,850SHSOLE79,850 0 0
SanofiCOMF5548N1013,32843,312SHSOLE43,312 0 0
Sanofi (ADR)ADR80105N10518,509486,815SHSOLE374,724 0 112,091
Sasol Ltd.COM80386610213,844876,922SHSOLE876,922 0 0
Select Energy Services Inc.COM81617J30114821,297SHSOLE21,297 0 0
Sempra EnergyCOM8168511091,88212,549SHSOLE12,549 0 0
Sensata Technologies Holding PCOMG8060N1021,65344,333SHSOLE44,333 0 0
Shell PLC (ADR)ADR78025930549,269990,139SHSOLE676,858 0 313,281
Shinhan Financial Group CompanADR8245961004,234184,102SHSOLE184,102 0 0
Siemens AGCOMD696712184,86249,020SHSOLE49,020 0 0
Siemens AG (ADR)ADR826197501178,4663,645,876SHSOLE2,852,735 0 793,141
Silicon Motion Technology CorpADR82706C1082,63940,482SHSOLE40,482 0 0
Simon Property Group Inc.COM8288061097398,232SHSOLE8,232 0 0
Simons First National Corp.COM82873020068531,414SHSOLE31,414 0 0
Singapore Technologies EngineeCOMY7996W1037028,210SHSOLE28,210 0 0
SK Telecom Co Ltd (ADR)ADR78440P3065,275273,895SHSOLE273,895 0 0
SLC Agricola SA (ADR)ADR78444J1086,022745,338SHSOLE745,338 0 0
Smurfit Kappa Group PLCCOMG8248F1042,87499,994SHSOLE99,994 0 0
Smurfit Kappa Group PLC (ADR)ADR83272W10621,237749,110SHSOLE505,617 0 243,493
Softbank Corp (ADR)ADR83405K10246,0864,627,142SHSOLE3,199,827 0 1,427,315
Sonic Healthcare Ltd.COMQ8563C1072,776141,892SHSOLE141,892 0 0
Sonic Healthcare Ltd. (ADR)ADR83546A20319,487992,198SHSOLE633,462 0 358,736
SouthState Corp.COM8404411095016,327SHSOLE6,327 0 0
Spire Inc.COM84857L10171111,413SHSOLE11,413 0 0
Spirit AeroSystems Holdings InCOM84857410934515,747SHSOLE15,747 0 0
Standard Motor Products Inc.COM85366610538211,768SHSOLE11,768 0 0
Steelcase Inc.COM85815520326841,171SHSOLE41,171 0 0
Stora Enso OyjCOMX2134911725519,870SHSOLE19,870 0 0
Suzano SA (ADR)ADR86959K10511313,685SHSOLE13,685 0 0
Svenska Handelsbanken AB (ADR)ADR86959C10334,9108,662,466SHSOLE5,934,376 0 2,728,090
Taiwan Semiconductor ManufactuADR87403910011,107162,000SHSOLE162,000 0 0
Target Corp.COM87612E106132,224891,060SHSOLE665,917 0 225,143
Technology Select Sector SPDR COM81369Y8032,00216,853SHSOLE16,853 0 0
Tesco PLC (ADR)ADR88157540126,9303,931,401SHSOLE2,675,239 0 1,256,162
The Allstate Corp.COM02000210139,899320,396SHSOLE320,396 0 0
The Chemours Co.COM16385110826610,795SHSOLE10,795 0 0
The Coca-Cola Co.COM1912161004227,539SHSOLE7,539 0 0
The JM Smucker Co.COM8326964051,44710,530SHSOLE10,530 0 0
The PNC Financial Services GroCOM6934751052,59917,391SHSOLE17,391 0 0
The Procter & Gamble Co.COM7427181091,91715,182SHSOLE15,182 0 0
The Siam Commerical Bank PCLCOMY7905M1134815,660SHSOLE15,660 0 0
The Timken Co.COM8873891044748,033SHSOLE8,033 0 0
The Travelers Companies Inc.COM89417E109103,122673,120SHSOLE509,274 0 163,846
The Walt Disney Co.COM2546871063,13533,237SHSOLE33,237 0 0
Thermo Fisher Scientific Inc.COM8835561021,4192,797SHSOLE2,797 0 0
Tokio Marine Holdings Inc.COMJ862981066,635374,394SHSOLE374,394 0 0
Tokio Marine Holdings Inc. (ADR)ADR88909410847,001883,140SHSOLE613,848 0 269,292
TotalEnergies SE (ADR)ADR89151E10954,1991,165,079SHSOLE868,017 0 297,062
Toyota Motor Corp. (ADR)ADR89233130742,290324,580SHSOLE223,869 0 100,711
Truist Financial CorpCOM89832Q109164,3183,773,964SHSOLE3,042,354 0 731,610
UBS Group AG (ADR)ADRH4209710799768,682SHSOLE34,377 0 34,305
Under Armour Inc. (class C)COM90431120619732,993SHSOLE32,993 0 0
Unilever PLCCOMN8981F2711,44232,545SHSOLE32,545 0 0
Unilever PLC (ADR)ADR904767704187,1984,270,018SHSOLE3,353,745 0 916,273
Union Pacific Corp.COM9078181082,73314,026SHSOLE14,026 0 0
United Overseas Bank Ltd.COMV961941278,800483,118SHSOLE483,118 0 0
United Overseas Bank Ltd. (ADR)ADR91127130251,7551,427,335SHSOLE974,226 0 453,109
United Parcel Service Inc.COM911312106135,994841,860SHSOLE651,477 0 190,383
UPM-Kymmene OyjCOMX9518S1087,546236,328SHSOLE236,328 0 0
UPM-Kymmene OYJ (ADR)ADR91543620827,452871,221SHSOLE590,195 0 281,026
Utilities Select Sector SPDR FCOM81369Y88670910,821SHSOLE10,821 0 0
Vale SA (ADR)ADR91912E10542,5403,193,685SHSOLE2,298,960 0 894,725
VanEck Vietnam ETFCOM92189F81797273,054SHSOLE73,054 0 0
Varex Imaging Corp.COM92214X10685340,361SHSOLE40,361 0 0
Vector Group Ltd.COM92240M10843148,899SHSOLE48,899 0 0
Verizon Communications Inc.COM92343V10442,3101,114,300SHSOLE1,114,300 0 0
Vici Properties Inc.COM925652109175,2595,871,313SHSOLE4,801,207 0 1,070,106
Volvo AB B-SharesCOM9288563011,26488,724SHSOLE88,724 0 0
Volvo AB B-Shares (ADR)ADR92885410814,7721,054,387SHSOLE713,057 0 341,330
Wal-Mart Stores Inc.COM9311421033,05023,518SHSOLE23,518 0 0
Weyerhaeuser Co.COM96216610429910,457SHSOLE10,457 0 0
WP Carey Inc.COM92936U1094766,815SHSOLE6,815 0 0
Xinyi Glass Holdings Ltd. (ADR)ADR98418R10013,590467,081SHSOLE316,540 0 150,541
Zijin Mining Group Co. Ltd.COMY9892H1077,5787,775,698SHSOLE7,775,698 0 0
Zurich Insurance Group AGCOMH9870Y1059,05122,606SHSOLE22,606 0 0
Zurich Insurance Group AG (ADR)ADR98982510448,2241,212,280SHSOLE829,175 0 383,105