Schafer Cullen Capital Management 13F-HR Quarterly holdings report by institutional manager

The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete.
The reader should not assume that the information is accurate and complete.

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

FORM 13F INFORMATION TABLE

OMB APPROVAL

OMB Number:		3235-0006
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COLUMN 1	COLUMN 2	COLUMN 3	COLUMN 4	COLUMN 5			COLUMN 6	COLUMN 7	COLUMN 8
			VALUE	SHRS OR	SH/	PUT/	INVESTMENT	OTHER	VOTING AUTHORITY
NAME OF ISSUER	TITLE OF CLASS	CUSIP	(x$1000)	PRN AMT	PRN	CALL	DISCRETION	MANAGER	SOLE	SHARED	NONE
3M Co.	COM	88579Y101	184,708	1,289,499	SH		SOLE		1,289,499	0	0
Abbott Laboratories	COM	002824100	3,974	97,153	SH		SOLE		97,153	0	0
AbbVie Inc.	COM	00287Y109	5,425	96,125	SH		SOLE		96,125	0	0
ACE Ltd.	COM	H0023R105	1,752	16,895	SH		SOLE		16,895	0	0
Aetna Inc.	COM	00817Y108	7,418	91,486	SH		SOLE		91,486	0	0
AGCO Corp	COM	001084102	6,507	115,734	SH		SOLE		115,734	0	0
Alere Inc.	COM	01449J105	6,895	184,268	SH		SOLE		184,268	0	0
Alliance Resource Partners L.P	COM	01877R108	206	4,420	SH		SOLE		4,420	0	0
Allstate Corp.	COM	020002101	6,362	108,343	SH		SOLE		108,343	0	0
Altria Group Inc.	COM	02209S103	207,858	4,956,081	SH		SOLE		4,956,081	0	0
Ameren Corp.	COM	023608102	3,624	88,650	SH		SOLE		88,650	0	0
Annaly Capital Management Inc.	COM	035710409	464	40,555	SH		SOLE		40,555	0	0
Apache Corp.	COM	037411105	385	3,830	SH		SOLE		3,830	0	0
Apollo Investment Corp.	COM	03761U106	155	17,970	SH		SOLE		17,970	0	0
Apple Inc.	COM	037833100	234	2,520	SH		SOLE		2,520	0	0
Approach Resources Inc.	COM	03834A103	7,086	311,758	SH		SOLE		311,758	0	0
Archer Daniels Midland Co.	COM	039483102	3,169	71,847	SH		SOLE		71,847	0	0
Arrow Electronics Inc.	COM	042735100	8,487	140,485	SH		SOLE		140,485	0	0
Ascena Retail Group	COM	04351G101	5,992	350,435	SH		SOLE		350,435	0	0
Assured Guaranty Ltd.	COM	G0585R106	5,780	235,935	SH		SOLE		235,935	0	0
AT&T Inc.	COM	00206R102	180,270	5,098,124	SH		SOLE		5,098,124	0	0
Avnet Inc.	COM	053807103	8,083	182,417	SH		SOLE		182,417	0	0
Bank of New York Mellon Corp.	COM	064058100	1,581	42,186	SH		SOLE		42,186	0	0
Bank of The Ozarks Inc.	COM	063904106	6,453	192,910	SH		SOLE		192,910	0	0
Baxter International Inc.	COM	071813109	9,250	127,940	SH		SOLE		127,940	0	0
BCE Inc.	COM	05534B760	225,179	4,964,263	SH		SOLE		4,964,263	0	0
Bill Barrett Corp.	COM	06846N104	7,875	294,072	SH		SOLE		294,072	0	0
BlackRock Inc.	COM	09247X101	217	680	SH		SOLE		680	0	0
Boeing Co.	COM	097023105	67,322	529,138	SH		SOLE		529,138	0	0
BorgWarner Inc.	COM	099724106	9,595	147,181	SH		SOLE		147,181	0	0
Canadian National Railway Co.	COM	136375102	6,051	93,060	SH		SOLE		93,060	0	0
Canadian Oil Sands LTD	COM	13643E105	22,543	994,824	SH		SOLE		994,824	0	0
Canadian Pacific Railway Ltd.	COM	13645T100	268	1,480	SH		SOLE		1,480	0	0
Charles River Laboratories Int	COM	159864107	3,636	67,930	SH		SOLE		67,930	0	0
Chevron Corp.	COM	166764100	205,063	1,570,763	SH		SOLE		1,570,763	0	0
Chubb Corp.	COM	171232101	8,753	94,970	SH		SOLE		94,970	0	0
Cimarex Energy Co.	COM	171798101	6,123	42,682	SH		SOLE		42,682	0	0
Cisco Systems Inc.	COM	17275R102	200,536	8,069,858	SH		SOLE		8,069,858	0	0
Citigroup Inc.	COM	172967424	2,595	55,090	SH		SOLE		55,090	0	0
Community Health Systems Inc.	COM	203668108	4,765	105,029	SH		SOLE		105,029	0	0
ConAgra Foods Inc.	COM	205887102	11,552	389,205	SH		SOLE		389,205	0	0
ConocoPhillips	COM	20825C104	251,316	2,931,477	SH		SOLE		2,931,477	0	0
Copa Holdings S.A.	COM	P31076105	9,510	66,707	SH		SOLE		66,707	0	0
Corning Inc.	COM	219350105	41,077	1,871,393	SH		SOLE		1,871,393	0	0
Covidien Plc.	COM	G2554F113	8,404	93,196	SH		SOLE		93,196	0	0
Cracker Barrel Old Country Sto	COM	22410J106	1,547	15,534	SH		SOLE		15,534	0	0
Crescent Point Energy Corp	COM	22576C101	516	11,640	SH		SOLE		11,640	0	0
CSX Corp.	COM	126408103	8,299	269,359	SH		SOLE		269,359	0	0
CVB Financial Corp.	COM	126600105	5,087	317,323	SH		SOLE		317,323	0	0
Devon Energy Corp.	COM	25179M103	5,389	67,875	SH		SOLE		67,875	0	0
Diamond Offshore Drilling Inc.	COM	25271C102	149,387	3,010,005	SH		SOLE		3,010,005	0	0
Dominion Resources Inc.	COM	25746U109	672	9,398	SH		SOLE		9,398	0	0
Dr Pepper Snapple Group Inc.	COM	26138E109	6,596	112,590	SH		SOLE		112,590	0	0
Duke Energy Corp.	COM	26441C204	3,226	43,484	SH		SOLE		43,484	0	0
E.I. DuPont de Nemours & Co.	COM	263534109	185,533	2,835,161	SH		SOLE		2,835,161	0	0
Edison International	COM	281020107	8,013	137,895	SH		SOLE		137,895	0	0
Eli Lilly & Co.	COM	532457108	207,191	3,332,654	SH		SOLE		3,332,654	0	0
Emerson Electric Co.	COM	291011104	4,178	62,960	SH		SOLE		62,960	0	0
Enerplus Corp	COM	292766102	2,355	93,540	SH		SOLE		93,540	0	0
Enterprise Products Partners L	COM	293792107	1,304	16,650	SH		SOLE		16,650	0	0
Exxon Mobil Corp.	COM	30231G102	11,407	113,300	SH		SOLE		113,300	0	0
Fidelity National Financial In	COM	31620R303	5,627	171,761	SH		SOLE		171,761	0	0
Fluor Corp.	COM	343412102	2,038	26,507	SH		SOLE		26,507	0	0
General Electric Co.	COM	369604103	194,868	7,415,061	SH		SOLE		7,415,061	0	0
Genuine Parts Co.	COM	372460105	151,262	1,722,802	SH		SOLE		1,722,802	0	0
Halliburton Co.	COM	406216101	9,049	127,434	SH		SOLE		127,434	0	0
Hasbro Inc.	COM	418056107	5,479	103,280	SH		SOLE		103,280	0	0
HCP Inc.	COM	40414L109	162,286	3,921,851	SH		SOLE		3,921,851	0	0
Health Care REIT Inc.	COM	42217K106	166,017	2,649,071	SH		SOLE		2,649,071	0	0
Healthcare Realty Trust Inc.	COM	421946104	257	10,115	SH		SOLE		10,115	0	0
Honeywell International Inc.	COM	438516106	10,388	111,762	SH		SOLE		111,762	0	0
Hubbell Inc. Cl B	COM	443510201	3,769	30,603	SH		SOLE		30,603	0	0
HudBay Minerals Inc.	COM	443628102	8,415	905,766	SH		SOLE		905,766	0	0
Hyundai Motor Company GDR (Reg	COM	Y38472125	12,164	163,501	SH		SOLE		163,501	0	0
Intel Corp.	COM	458140100	226,687	7,336,146	SH		SOLE		7,336,146	0	0
International Paper Co.	COM	460146103	4,436	87,900	SH		SOLE		87,900	0	0
Itron Inc.	COM	465741106	5,630	138,851	SH		SOLE		138,851	0	0
ITT Corp.	COM	450911201	7,855	163,310	SH		SOLE		163,310	0	0
Johnson & Johnson	COM	478160104	240,735	2,301,046	SH		SOLE		2,301,046	0	0
JP Morgan Chase & Co.	COM	46625H100	203,860	3,538,010	SH		SOLE		3,538,010	0	0
KBR Inc.	COM	48242W106	7,253	304,110	SH		SOLE		304,110	0	0
KCell JSC (REG S)	COM	00B7W5LY2	4,115	273,440	SH		SOLE		273,440	0	0
Kimberly-Clark Corp.	COM	494368103	156,899	1,410,709	SH		SOLE		1,410,709	0	0
Kraft Foods Group Inc	COM	50076Q106	244	4,077	SH		SOLE		4,077	0	0
Lincoln Electric Holdings Inc.	COM	533900106	4,567	65,349	SH		SOLE		65,349	0	0
Lockheed Martin Corp.	COM	539830109	4,883	30,380	SH		SOLE		30,380	0	0
Lorillard Inc.	COM	544147101	332	5,450	SH		SOLE		5,450	0	0
LSB Industries Inc.	COM	502160104	6,308	151,375	SH		SOLE		151,375	0	0
Magellan Midstream Partners L.	COM	559080106	398	4,740	SH		SOLE		4,740	0	0
Mahindra & Mahindra Reg S (GDR	COM	Y54164119	1,080	56,078	SH		SOLE		56,078	0	0
Mallinckrodt PLC	COM	G5785G107	936	11,699	SH		SOLE		11,699	0	0
Manulife Financial Corp.	COM	56501R106	41,456	2,086,353	SH		SOLE		2,086,353	0	0
MarkWest Energy Partners L.P.	COM	570759100	1,178	16,455	SH		SOLE		16,455	0	0
Mattel Inc.	COM	577081102	6,665	171,037	SH		SOLE		171,037	0	0
Medtronic Inc.	COM	585055106	7,092	111,224	SH		SOLE		111,224	0	0
Merck & Co. Inc.	COM	58933Y105	239,557	4,141,002	SH		SOLE		4,141,002	0	0
MetLife Inc.	COM	59156R108	170,702	3,072,394	SH		SOLE		3,072,394	0	0
Microsoft Corp.	COM	594918104	222,978	5,347,191	SH		SOLE		5,347,191	0	0
MMC Norilsk Nickel	COM	00B114RK6	5,516	278,450	SH		SOLE		278,450	0	0
National Bank Holdings Corp.	COM	633707104	2,477	124,239	SH		SOLE		124,239	0	0
National Bank of Canada	COM	633067103	1,179	27,790	SH		SOLE		27,790	0	0
Newmont Mining Corp.	COM	651639106	3,142	123,509	SH		SOLE		123,509	0	0
Nextera Energy Inc	COM	65339F101	215,809	2,105,866	SH		SOLE		2,105,866	0	0
NII Holdings Inc.	COM	62913F201	426	773,975	SH		SOLE		773,975	0	0
North Atlantic Drilling Ltd	COM	G6613P202	7,077	666,389	SH		SOLE		666,389	0	0
Northrop Grumman Corp.	COM	666807102	270	2,254	SH		SOLE		2,254	0	0
Omnicare Inc.	COM	681904108	6,915	103,876	SH		SOLE		103,876	0	0
Oracle Corp.	COM	68389X105	7,398	182,536	SH		SOLE		182,536	0	0
Pacific Rubiales Energy Corp	COM	69480U206	6,157	302,978	SH		SOLE		302,978	0	0
PartnerRe Ltd.	COM	G6852T105	1,322	12,105	SH		SOLE		12,105	0	0
Pengrowth Energy Corp	COM	70706P104	76	10,520	SH		SOLE		10,520	0	0
PepsiCo Inc.	COM	713448108	4,157	46,529	SH		SOLE		46,529	0	0
Pfizer Inc.	COM	717081103	132,125	4,451,653	SH		SOLE		4,451,653	0	0
Philip Morris International In	COM	718172109	173,332	2,055,891	SH		SOLE		2,055,891	0	0
Pinnacle West Capital Corp.	COM	723484101	2,843	49,150	SH		SOLE		49,150	0	0
Plum Creek Timber Co. Inc.	COM	729251108	459	10,170	SH		SOLE		10,170	0	0
Potlatch Corp.	COM	737630103	388	9,380	SH		SOLE		9,380	0	0
Procter & Gamble Co.	COM	742718109	272	3,455	SH		SOLE		3,455	0	0
Public Service Enterprise Grou	COM	744573106	2,731	66,957	SH		SOLE		66,957	0	0
Public Storage	COM	74460D109	358	2,090	SH		SOLE		2,090	0	0
Qualcomm Inc.	COM	747525103	230	2,900	SH		SOLE		2,900	0	0
Rayonier Inc.	COM	754907103	292	8,200	SH		SOLE		8,200	0	0
Raytheon Co.	COM	755111507	185,764	2,013,705	SH		SOLE		2,013,705	0	0
Reynolds American Inc.	COM	761713106	1,495	24,765	SH		SOLE		24,765	0	0
RioCan Real Estate Investment	COM	766910103	20,512	802,343	SH		SOLE		802,343	0	0
Royal Bank of Canada	COM	780087102	6,185	86,587	SH		SOLE		86,587	0	0
San Juan Basin Royalty Trust	COM	798241105	1,241	64,332	SH		SOLE		64,332	0	0
SeaDrill Ltd.	COM	G7945E105	596	14,915	SH		SOLE		14,915	0	0
Sempra Energy	COM	816851109	5,395	51,525	SH		SOLE		51,525	0	0
Shaw Communications Inc. (Cl B	COM	82028K200	19,609	764,199	SH		SOLE		764,199	0	0
Sonic Automotive Inc. (Cl A)	COM	83545G102	880	33,000	SH		SOLE		33,000	0	0
Southern Co.	COM	842587107	1,385	30,513	SH		SOLE		30,513	0	0
Southwest Bancorp Inc.	COM	844767103	2,726	159,809	SH		SOLE		159,809	0	0
Spirit AeroSystems Holdings In	COM	848574109	7,275	215,878	SH		SOLE		215,878	0	0
State Bank of India	COM	856552203	7,342	82,310	SH		SOLE		82,310	0	0
Suncor Energy Inc.	COM	867224107	4,873	114,299	SH		SOLE		114,299	0	0
Sunoco Logistics Partners L.P.	COM	86764L108	254	5,400	SH		SOLE		5,400	0	0
Symantec Corp.	COM	871503108	124,761	5,448,079	SH		SOLE		5,448,079	0	0
The Babcock & Wilcox Company	COM	05615F102	6,516	200,738	SH		SOLE		200,738	0	0
Thermo Fisher Scientific Inc.	COM	883556102	5,521	46,790	SH		SOLE		46,790	0	0
Tidewater Inc	COM	886423102	5,267	93,811	SH		SOLE		93,811	0	0
Travelers Cos. Inc.	COM	89417E109	167,402	1,779,547	SH		SOLE		1,779,547	0	0
U.S. Bancorp	COM	902973304	4,287	98,953	SH		SOLE		98,953	0	0
United Technologies Corp.	COM	913017109	806	6,980	SH		SOLE		6,980	0	0
Viewpoint Financial Group	COM	92672A101	3,587	133,292	SH		SOLE		133,292	0	0
W.P. Carey Inc	COM	92936U109	324	5,025	SH		SOLE		5,025	0	0
W.R. Berkley Corp.	COM	084423102	6,413	138,488	SH		SOLE		138,488	0	0
WABCO Holdings Inc.	COM	92927K102	4,397	41,166	SH		SOLE		41,166	0	0
Walgreen Co.	COM	931422109	776	10,463	SH		SOLE		10,463	0	0
Walt Disney Co.	COM	254687106	6,655	77,620	SH		SOLE		77,620	0	0
Wells Fargo & Co.	COM	949746101	22,992	437,451	SH		SOLE		437,451	0	0
Williams Cos.	COM	969457100	210	3,600	SH		SOLE		3,600	0	0
Xylem Inc	COM	98419M100	1,037	26,540	SH		SOLE		26,540	0	0
BHP Billiton Ltd.	COM	Q1498M100	1,785	52,691	SH		SOLE		52,691	0	0
Dexus Property Group	COM	00B033YN6	48	46,221	SH		SOLE		46,221	0	0
Donaco FPO	COM	00B946Z34	85	100,310	SH		SOLE		100,310	0	0
Sonic Healthcare Ltd.	COM	Q8563C107	4,009	245,065	SH		SOLE		245,065	0	0
Aia Group Ltd	COM	Y002A1105	10,449	2,079,110	SH		SOLE		2,079,110	0	0
BOC Hong Kong Holdings Ltd.	COM	Y0920U103	1,509	520,945	SH		SOLE		520,945	0	0
China Everbright LTD	COM	Y1421G106	3,590	2,669,860	SH		SOLE		2,669,860	0	0
Dalian Port	COM	Y1R69D101	34	144,000	SH		SOLE		144,000	0	0
Future Bright Holdings	COM	00B1YCCW4	61	128,550	SH		SOLE		128,550	0	0
Great Wall Motor Company	COM	Y2882P106	2,601	699,840	SH		SOLE		699,840	0	0
HSBC Holdings PLC	COM	G4634U169	1,009	99,540	SH		SOLE		99,540	0	0
Ind & Comm BK of China	COM	Y3990B112	1,278	2,022,060	SH		SOLE		2,022,060	0	0
Lenovo Group Ltd	COM	Y5257Y107	7,096	5,198,040	SH		SOLE		5,198,040	0	0
Link REIT	COM	Y5281M111	76	14,200	SH		SOLE		14,200	0	0
Nagacorp Ltd.	COM	G6382M109	435	493,500	SH		SOLE		493,500	0	0
Sinomedia Holding Ltd	COM	Y7544D102	111	143,000	SH		SOLE		143,000	0	0
SJM Holdings Ltd	COM	Y8076V106	6,692	2,670,710	SH		SOLE		2,670,710	0	0
Stella International Holdings	COM	G84698102	1,043	384,000	SH		SOLE		384,000	0	0
Sunny Optical	COM	G8586D109	5,288	3,739,530	SH		SOLE		3,739,530	0	0
Television Broadcasts Ltd.	COM	Y85830928	6,154	947,215	SH		SOLE		947,215	0	0
Travelsky Technology	COM	Y8972V101	52	56,870	SH		SOLE		56,870	0	0
Value Partners Group Ltd.	COM	G93175100	10,554	15,760,300	SH		SOLE		15,760,300	0	0
Xingda International Holdings	COM	G9827V106	1,235	3,068,910	SH		SOLE		3,068,910	0	0
PT Perusahaan Gas Negara	COM	Y7136Y118	8,725	18,553,820	SH		SOLE		18,553,820	0	0
PT Telekomunikasi Indonesia Pe	COM	Y71474137	1,336	6,425,850	SH		SOLE		6,425,850	0	0
Siloam International Hispital	COM	Y714AK103	89	73,200	SH		SOLE		73,200	0	0
Hi-Lex Corp.	COM	J20749107	699	25,300	SH		SOLE		25,300	0	0
Japan Tobacco Inc.	COM	J27869106	1,053	28,895	SH		SOLE		28,895	0	0
Kirin Holding Co. Ltd.	COM	497350108	1,911	132,343	SH		SOLE		132,343	0	0
Kuraray Co Ltd	COM	J37006137	249	19,650	SH		SOLE		19,650	0	0
Nippon Telegraph & Telephone C	COM	J59396101	3,929	63,005	SH		SOLE		63,005	0	0
BAE Systems PLC	COM	G06940103	2,475	334,408	SH		SOLE		334,408	0	0
British Sky Broadcasting Group	COM	G15632105	726	47,000	SH		SOLE		47,000	0	0
Consort Medical PLC	COM	G2506K103	533	32,670	SH		SOLE		32,670	0	0
GlaxoSmithKline PLC	COM	G3910J112	3,539	132,350	SH		SOLE		132,350	0	0
Imperial Tobacco Group PLC	COM	G4721W102	4,020	89,395	SH		SOLE		89,395	0	0
Reckitt Benckiser Group PLC	COM	G74079107	2,846	32,642	SH		SOLE		32,642	0	0
Rexam PLC	COM	G12740224	2,083	227,694	SH		SOLE		227,694	0	0
Royal Dutch Shell Class B	COM	G7690A118	1,370	31,515	SH		SOLE		31,515	0	0
SAB Miller PLC	COM	G77395104	11,771	203,190	SH		SOLE		203,190	0	0
Smiths Group PLC	COM	G82401111	2,023	91,223	SH		SOLE		91,223	0	0
SSE PLC	COM	000790873	4,398	164,135	SH		SOLE		164,135	0	0
Tesco PLC	COM	G87621101	121	24,940	SH		SOLE		24,940	0	0
Axiata	COM	Y0488A101	8,438	3,887,380	SH		SOLE		3,887,380	0	0
Berjaya Sports Toto Berhad	COM	Y0849N107	89	73,316	SH		SOLE		73,316	0	0
Genting Malaysia Berhad	COM	Y2698A103	5,258	4,020,130	SH		SOLE		4,020,130	0	0
Kossan Rubber Industries Berha	COM	Y4964F105	297	258,000	SH		SOLE		258,000	0	0
Ta Ann Holdings Berhad	COM	Y8345V101	19	14,120	SH		SOLE		14,120	0	0
Orkla-Borregaard AS	COM	R67787102	3,095	347,475	SH		SOLE		347,475	0	0
StatoilHydro ASA	COM	R8413J103	2,308	75,185	SH		SOLE		75,185	0	0
Filinvest Land, Inc	COM	Y24916101	945	25,305,000	SH		SOLE		25,305,000	0	0
Asseco Poland SA	COM	X02540130	6,575	485,410	SH		SOLE		485,410	0	0
Bank Pekao SA	COM	X0641X106	8,584	149,945	SH		SOLE		149,945	0	0
Powszechny Zaklad Ubezpiecze	COM	00B63DG21	7,400	50,640	SH		SOLE		50,640	0	0
Ascendas India Trust	COM	Y0259C104	6,664	9,949,260	SH		SOLE		9,949,260	0	0
Asian Pay TV	COM	00B6VG8G0	6,501	10,389,900	SH		SOLE		10,389,900	0	0
First Real Estate Investment T	COM	Y2560E100	166	174,900	SH		SOLE		174,900	0	0
Lippo Malls Indonesia Retail	COM	Y5309Y113	47	146,000	SH		SOLE		146,000	0	0
Mapletree Logistics Trust	COM	Y5759Q107	55	59,000	SH		SOLE		59,000	0	0
Parkway Life REIT	COM	Y67202104	115	61,000	SH		SOLE		61,000	0	0
Religare Health Trust	COM	Y72378105	4,025	5,424,225	SH		SOLE		5,424,225	0	0
Sats LTD	COM	Y7992U101	6,566	2,606,770	SH		SOLE		2,606,770	0	0
Singapore Technologies Enginee	COM	Y7996W103	55	18,000	SH		SOLE		18,000	0	0
Singapore Telecommunications L	COM	Y79985209	113	36,650	SH		SOLE		36,650	0	0
United Overseas Bank Ltd.	COM	V96194127	758	41,950	SH		SOLE		41,950	0	0
Bidvest Group Ltd	COM	S1201R162	6,603	248,601	SH		SOLE		248,601	0	0
MMI Holdings Limited	COM	S5143R107	8,859	3,590,415	SH		SOLE		3,590,415	0	0
MTN Group Ltd.	COM	S8039R108	13,367	634,870	SH		SOLE		634,870	0	0
Nestle S.A.	COM	H57312649	3,669	47,365	SH		SOLE		47,365	0	0
Roche Holding AG	COM	H69293217	2,653	8,895	SH		SOLE		8,895	0	0
Major Cineplex Group	COM	Y54190130	6,679	11,468,520	SH		SOLE		11,468,520	0	0
Tesco Lotus Retail Growth FR	COM	Y85778101	91	227,649	SH		SOLE		227,649	0	0
Concentradora Fibra Hotelera	COM	P3515D148	82	45,300	SH		SOLE		45,300	0	0
Fibra Uno Administracion	COM	P40612106	5,825	1,669,355	SH		SOLE		1,669,355	0	0
Industrias Penoles S.A. de C.V	COM	P55409141	4,567	182,620	SH		SOLE		182,620	0	0
Macquarie Mexico Real Estate	COM	P3515D155	2,370	1,143,462	SH		SOLE		1,143,462	0	0
TF Adminstradora Industrial	COM	00B87Y2V5	6,408	2,846,750	SH		SOLE		2,846,750	0	0
Akzo Nobel N.V.	COM	N01803100	316	4,220	SH		SOLE		4,220	0	0
AXA S.A.	COM	F06106102	579	24,210	SH		SOLE		24,210	0	0
Bayer AG	COM	D0712D163	1,725	12,214	SH		SOLE		12,214	0	0
BMW AG	COM	D12096109	618	4,875	SH		SOLE		4,875	0	0
BNP Paribas	COM	F1058Q238	2,648	39,030	SH		SOLE		39,030	0	0
Deutsche Post AG	COM	D19225107	2,687	74,313	SH		SOLE		74,313	0	0
Deutsche Telekom AG	COM	005842359	4,728	269,783	SH		SOLE		269,783	0	0
GDF Suez	COM	F42768105	3,855	140,046	SH		SOLE		140,046	0	0
GTech SPA	COM	T9179L108	210	8,600	SH		SOLE		8,600	0	0
M6 Metropole TV	COM	F62379114	258	12,685	SH		SOLE		12,685	0	0
Muenchener Reuckver AG	COM	D55535104	2,761	12,457	SH		SOLE		12,457	0	0
Oesterreichische Post	COM	A6191J103	507	10,200	SH		SOLE		10,200	0	0
OPAP SA	COM	X3232T104	2,354	132,235	SH		SOLE		132,235	0	0
Orange	COM	F6866T100	695	44,030	SH		SOLE		44,030	0	0
Prysmian SPA	COM	T7630L105	361	16,000	SH		SOLE		16,000	0	0
RTL Group S.A.	COM	L80326108	3,498	31,400	SH		SOLE		31,400	0	0
Sanofi-Aventis	COM	F5548N101	2,763	26,017	SH		SOLE		26,017	0	0
Siemens AG	COM	D69671218	2,544	19,263	SH		SOLE		19,263	0	0
Elbit Systems Ltd.	COM	M3760D101	9,451	153,430	SH		SOLE		153,430	0	0
Safaricom	COM	00B2QN3J6	56	392,900	SH		SOLE		392,900	0	0
Zenith Bank PLC	COM	00B01CKG0	82	535,450	SH		SOLE		535,450	0	0
Mostrotrest	COM	00B59MBM0	465	144,900	SH		SOLE		144,900	0	0
ABB Ltd. (ADR)	ADR	000375204	62,182	2,701,224	SH		SOLE		2,701,224	0	0
Advanced Semiconductor Enginee	ADR	00756M404	10,577	1,627,270	SH		SOLE		1,627,270	0	0
Aegon N.V. (ADR)	ADR	007924103	104	11,910	SH		SOLE		11,910	0	0
Arcelik A S	ADR	03937X109	1,247	41,000	SH		SOLE		41,000	0	0
Asseco Poland SA	ADR	04539A406	1,472	108,605	SH		SOLE		108,605	0	0
AstraZeneca PLC (ADR)	ADR	046353108	177,871	2,393,638	SH		SOLE		2,393,638	0	0
BAE Systems PLC (ADR)	ADR	05523R107	60,569	2,028,439	SH		SOLE		2,028,439	0	0
Barclays PLC (ADR)	ADR	06738E204	607	41,550	SH		SOLE		41,550	0	0
Bayer AG (ADR)	ADR	072730302	63,982	452,907	SH		SOLE		452,907	0	0
BHP Billiton Ltd. (ADR)	ADR	088606108	62,911	919,079	SH		SOLE		919,079	0	0
BMW AG (ADR)	ADR	072743206	219	5,180	SH		SOLE		5,180	0	0
BNP Paribas S.A. (ADR)	ADR	05565A202	74,890	2,201,033	SH		SOLE		2,201,033	0	0
BOC Hong Kong Holdings Ltd. (A	ADR	096813209	36,967	638,461	SH		SOLE		638,461	0	0
BP PLC (ADR)	ADR	055622104	779	14,765	SH		SOLE		14,765	0	0
British American Tobacco PLC (	ADR	110448107	129,510	1,087,588	SH		SOLE		1,087,588	0	0
Centrica PLC (ADR)	ADR	15639K300	4,220	196,000	SH		SOLE		196,000	0	0
China Mobile Ltd. (ADR)	ADR	16941M109	3,007	61,862	SH		SOLE		61,862	0	0
CIA Saneamento Basico (ADR)	ADR	20441A102	412	38,400	SH		SOLE		38,400	0	0
CNOOC Ltd. (ADR)	ADR	126132109	16,610	92,645	SH		SOLE		92,645	0	0
Companhia de Bebidas das Ameri	ADR	02319V103	8,237	1,169,990	SH		SOLE		1,169,990	0	0
Companhia Energetica de Minas	ADR	204409601	3,948	494,080	SH		SOLE		494,080	0	0
Companhia Siderurgica Nacional	ADR	20440W105	260	61,090	SH		SOLE		61,090	0	0
Credit Suisse Group AG (ADR)	ADR	225401108	278	9,798	SH		SOLE		9,798	0	0
Danone (ADR)	ADR	23636T100	735	49,253	SH		SOLE		49,253	0	0
Deutsche Lufthansa AG (ADR)	ADR	251561304	234	10,940	SH		SOLE		10,940	0	0
Deutsche Post AG (ADR)	ADR	25157Y202	72,202	1,993,438	SH		SOLE		1,993,438	0	0
Deutsche Telekom AG (ADR)	ADR	251566105	128,547	7,337,181	SH		SOLE		7,337,181	0	0
Diageo PLC (ADR)	ADR	25243Q205	152,017	1,194,443	SH		SOLE		1,194,443	0	0
ENI S.p.A. (ADR)	ADR	26874R108	1,015	18,490	SH		SOLE		18,490	0	0
France Telecom (ADR)	ADR	684060106	175	11,080	SH		SOLE		11,080	0	0
Gazprom OAO (ADR)	ADR	368287207	428	49,125	SH		SOLE		49,125	0	0
GDF Suez (ADR)	ADR	36160B105	103,846	3,751,663	SH		SOLE		3,751,663	0	0
GlaxoSmithKline PLC (ADR)	ADR	37733W105	147,991	2,767,216	SH		SOLE		2,767,216	0	0
GMK Norilsk Nickel (ADR)	ADR	46626D108	1,345	67,535	SH		SOLE		67,535	0	0
Grupo Financiero Santander	ADR	40053C105	5,523	415,875	SH		SOLE		415,875	0	0
HSBC Holdings PLC (ADR)	ADR	404280406	242,812	4,779,758	SH		SOLE		4,779,758	0	0
ICICI Bank Ltd. (ADR)	ADR	45104G104	14,446	289,490	SH		SOLE		289,490	0	0
Imperial Tobacco Group PLC (AD	ADR	453142101	132,206	1,462,292	SH		SOLE		1,462,292	0	0
ING Groep N.V. (ADR)	ADR	456837103	156	11,120	SH		SOLE		11,120	0	0
Kirin Holdings Co. Ltd. (ADR)	ADR	497350306	67,875	4,693,971	SH		SOLE		4,693,971	0	0
Koninklijke Philips NV	ADR	500472303	992	31,237	SH		SOLE		31,237	0	0
KT Corp. (ADR)	ADR	48268K101	5,806	383,519	SH		SOLE		383,519	0	0
Lukoil Holdings (ADR)	ADR	677862104	95,742	1,600,496	SH		SOLE		1,600,496	0	0
Luxfer Holdings PLC	ADR	550678106	4,762	251,309	SH		SOLE		251,309	0	0
MTN Group Ltd. (ADR)	ADR	62474M108	92,773	4,376,064	SH		SOLE		4,376,064	0	0
Muenchener Reuckver (ADR)	ADR	626188106	99,945	4,508,133	SH		SOLE		4,508,133	0	0
Nestle S.A. (ADR)	ADR	641069406	135,051	1,738,783	SH		SOLE		1,738,783	0	0
Nippon Telegraph & Telephone C	ADR	654624105	138,017	4,422,193	SH		SOLE		4,422,193	0	0
Novartis AG (ADR)	ADR	66987V109	164,262	1,814,449	SH		SOLE		1,814,449	0	0
NTT DoCoMo Inc. (ADR)	ADR	62942M201	219	12,820	SH		SOLE		12,820	0	0
OPAP SA (ADR)	ADR	392483103	7,803	897,945	SH		SOLE		897,945	0	0
Orkla AS (ADR)	ADR	686331109	101,027	11,237,698	SH		SOLE		11,237,698	0	0
PetroChina Co. Ltd. (ADR)	ADR	71646E100	5,690	45,320	SH		SOLE		45,320	0	0
Petroleo Brasileiro S.A. (ADR)	ADR	71654V101	4,598	293,970	SH		SOLE		293,970	0	0
Philippine Long Dist. Telephon	ADR	718252604	8,603	127,681	SH		SOLE		127,681	0	0
Reckitt Benckiser Group PLC (A	ADR	756255204	108,056	6,174,624	SH		SOLE		6,174,624	0	0
Rexam PLC (ADR)	ADR	761655604	45,069	965,082	SH		SOLE		965,082	0	0
Roche Holdings Ltd. (ADR)	ADR	771195104	91,313	2,448,072	SH		SOLE		2,448,072	0	0
Royal Dutch Shell PLC ADR B	ADR	780259107	292,880	3,366,047	SH		SOLE		3,366,047	0	0
Sanofi-Aventis (ADR)	ADR	80105N105	109,997	2,068,773	SH		SOLE		2,068,773	0	0
Sasol Ltd. (ADR)	ADR	803866300	2,892	48,918	SH		SOLE		48,918	0	0
Siemens AG (ADR)	ADR	826197501	99,615	753,576	SH		SOLE		753,576	0	0
Silicon Motion Technology Corp	ADR	82706C108	3,894	190,622	SH		SOLE		190,622	0	0
Siliconware Precision Ind. Co.	ADR	827084864	10,810	1,316,730	SH		SOLE		1,316,730	0	0
Singapore Telecommunications L	ADR	82929R304	96,490	3,111,566	SH		SOLE		3,111,566	0	0
Smiths Group PLC	ADR	83238P203	53,555	2,373,888	SH		SOLE		2,373,888	0	0
Sonic Healthcare Ltd. (ADR)	ADR	83546A104	212	12,790	SH		SOLE		12,790	0	0
SSE PLC (ADR)	ADR	78467K107	112,242	4,143,313	SH		SOLE		4,143,313	0	0
StatoilHydro ASA (ADR)	ADR	85771P102	85,840	2,784,299	SH		SOLE		2,784,299	0	0
Taiwan Semiconductor Man. Co.	ADR	874039100	29,463	1,377,420	SH		SOLE		1,377,420	0	0
Tata Motors Ltd. (ADR)	ADR	876568502	818	20,940	SH		SOLE		20,940	0	0
Tele2 AB (ADR)	ADR	87952P307	123	21,380	SH		SOLE		21,380	0	0
Telefonica Brasil	ADR	87936R106	4,818	234,920	SH		SOLE		234,920	0	0
Telekomunikasi Indonesia (ADR)	ADR	715684106	56,527	1,356,876	SH		SOLE		1,356,876	0	0
Tenaris S.A. (ADR)	ADR	88031M109	3,383	71,745	SH		SOLE		71,745	0	0
Tesco PLC (ADR)	ADR	881575302	11,444	781,140	SH		SOLE		781,140	0	0
Teva Pharmaceutical Industries	ADR	881624209	9,943	189,675	SH		SOLE		189,675	0	0
Total S.A. (ADR)	ADR	89151E109	142,684	1,976,238	SH		SOLE		1,976,238	0	0
Toyota Motor Corp. (ADR)	ADR	892331307	768	6,415	SH		SOLE		6,415	0	0
UBS AG (ADR)	ADR	H89231338	427	23,294	SH		SOLE		23,294	0	0
Unilever N.V. (ADR)	ADR	904784709	308,540	7,050,734	SH		SOLE		7,050,734	0	0
United Overseas Bank Ltd. (ADR	ADR	911271302	72,158	1,993,859	SH		SOLE		1,993,859	0	0
Vodafone Group PLC (ADR)	ADR	92857W308	169,742	5,083,604	SH		SOLE		5,083,604	0	0
Zurich Insurance Group AG (ADR	ADR	989825104	109,472	3,636,951	SH		SOLE		3,636,951	0	0