13F-HR 1 x13f-804.txt UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 13F Form 13F COVER PAGE Report for the Calendar Year or Quarter Ended: June 30, 2004 ---------------------- Check here if Amendment [ ]; Amendment Number: This Amendment (Check only one.): [ ] is a restatement. [ ] adds new holding entries. Institutional Investment Manager Filing this Report: Name: Brandes Investment Partners, LLC ----------------------------------------------------------- Address: 11988 El Camino Real, Suite 500 ----------------------------------------------------------- San Diego, CA 92130 ----------------------------------------------------------- ----------------------------------------------------------- Form 13F File Number: 28- 5620 ------------------ 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: Glenn R. Carlson ----------------------------------------------------- Title: Chief Executive Officer ----------------------------------------------------- Phone: (858) 755-0239 ----------------------------------------------------- Signature, Place, and Date of Signing: /s/ Glenn R. Carlson San Diego, CA 8/16/04 -------------------------------- --------------------------- ---------- [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).) Report Summary: Number of Other Included Managers: 0 --------------------- Form 13F Information Table Entry Total: 227 --------------------- Form 13F Information Table Value Total: $ 39,850,999 --------------------- (thousands) FORM 13F REPORTING MANAGER: BRANDES INVESTMENT PARTNERS

------------------------------------------------------------------------------------------------------------------------------------ COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8 NAME OF ISSUER TITLE CUSIP VALUE SHRS OR SH/ PR/ INVESTMENT OTHER VOTING AUTHORITY OF (x$1000) PRN AMT PRN CALL DISCRETION MANAGERS SOLE SHARED NONE CLASS ------------------------------------------------------------------------------------------------------------------------------------ ABN AMRO HLD NV SPNOSORED ADR 000937102 478,619 21,814,899 SH SOLE 21,814,899 AMR CORP COM NEW 001765106 62,376 5,246,097 SH SOLE 5,246,097 AT&T CORP COM 001957505 87,193 6,029,919 SH SOLE 6,029,919 AFTERMARKET TECHNOLOGY CORP COM 008318107 8,334 522,175 SH SOLE 522,175 AKZO NOBEL NV SPONSORED ADR 010199305 458,495 12,348,376 SH SOLE 12,348,376 ALBERTSONS INC COM 013104104 864,666 33,462,316 SH SOLE 33,462,316 ALCATEL SPONSORED ADR 013904305 511,536 34,308,269 SH SOLE 34,308,269 ALLEGHENY ENERGY INC COM 017361106 11,372 743,270 SH SOLE 743,270 ALLIANT ENERGY CORP COM 018802108 5,837 225,460 SH SOLE 225,460 ALLMERICA FINL CORP COM 019754100 12,686 375,328 SH SOLE 375,328 ALTRIA GROUP INC COM 02209S103 603,398 12,145,687 SH SOLE 12,145,687 AMERICAN ELECTRIC PWR INC COM 025537101 52,644 1,660,697 SH SOLE 1,660,697 AMERICAN GREETINGS CORP CL A 026375105 162,403 6,967,076 SH SOLE 6,967,076 AMERICAN NATL INS CO COM 028591105 10,399 110,895 SH SOLE 110,895 ASHLAND INC COM 044204105 59,466 1,115,468 SH SOLE 1,115,468 AVENTIS SPONSORED ADR 053561106 24,822 323,247 SH SOLE 323,247 BAE SYSTEMS PLC ADR COM 05523R107 671,963 43,083,639 SH SOLE 43,083,639 BCE INC COM 05534B109 3,788 189,180 SH SOLE 189,180 BT GROUP PLC ADR 05577E101 465,027 12,817,724 SH SOLE 12,817,724 BANCO BRADESCO SA SP ADR PFD NEW 059460303 5,022 103,987 SH SOLE 103,987 BANCO BILBAO VIZCAYA ARGENTARI SPONSORED ADR 05946K101 598,320 44,123,874 SH SOLE 44,123,874 BELDEN INC COM 077459105 24,985 1,145,575 SH SOLE 1,145,575 BELLSOUTH CORP COM 079860102 808,718 31,056,777 SH SOLE 31,056,777 BLAIR CORP. COM 092828102 1,704 59,877 SH SOLE 59,877 BOEING CO COM 097023105 2,133 43,076 SH SOLE 43,076 BRASIL TELECOM PARTICIPACOES SPON ADR PFD 105530109 255,083 7,511,275 SH SOLE 7,511,275 BRISTOL-MYERS SQUIBB CO COM 110122108 694,982 28,777,728 SH SOLE 28,777,728 BRITISH AMER TOB PLC SPONSORED ADR 110448107 284,908 9,030,355 SH SOLE 9,030,355 BRITISH ENERGY PLC SPONSORED ADR 110793403 6,457 311,201 SH SOLE 311,201 BUHRMANN NV SPONSORED ADR 12007Q100 27,730 2,770,183 SH SOLE 2,770,183 CAE INC COM 124765108 4,553 1,004,290 SH SOLE 1,004,290 CIT GROUP, INC. COM 125581108 488,064 12,683,566 SH SOLE 12,683,566 CNA FINL CORP COM 126117100 11,334 383,816 SH SOLE 383,816 CADBURY SCHWEPPES PLC ADR 127209302 59,129 1,706,464 SH SOLE 1,706,464 CANADIAN PAC RY LTD COM 13645T100 1,445 58,950 SH SOLE 58,950 CELESTICA INC SUB VTG SHS 15101Q108 5,640 299,060 SH SOLE 299,060 CEMEX S A SPON ADR 5 ORD 151290889 803,579 27,882,690 SH SOLE 27,882,690 CENTURYTEL INC COM 156700106 30,298 1,002,590 SH SOLE 1,002,590 CHUNGHWA TELECOM CO LTD SPONSORED ADR 17133Q205 443 25,140 SH SOLE 25,140 CINCINNATI BELL INC NEW COM 171871106 29,907 6,971,416 SH SOLE 6,971,416 COMPANHIA DE SANEAMENTO BASI SPONSORED ADR 20441A102 1,009 87,550 SH SOLE 87,550 COMPANHIA PARANAENSE ENERG SPON ADR PFD 20441B407 16,387 4,891,665 SH SOLE 4,891,665 COMPANHIA DE BEBIDAS DAS AME SPON ADR PFD 20441W203 28,283 1,399,462 SH SOLE 1,399,462 COMPANIA ANONIMA NACIONL TEL SPON ADR D 204421101 345,323 16,763,269 SH SOLE 16,763,269 COMPUTER SCIENCES CORP COM 205363104 10,277 225,714 SH SOLE 225,714 CONVERGYS CORP COM 212485106 10,743 722,460 SH SOLE 722,460 CORUS GROUP PLC SPONSORED ADR 22087M101 137,789 18,154,033 SH SOLE 18,154,033 DEL MONTE FOODS CO COM 24522P103 41,659 4,153,452 SH SOLE 4,153,452 DELPHI CORP COM 247126105 25,599 2,532,013 SH SOLE 2,532,013 DELTA AIR LINES INC DEL COM 247361108 80,984 11,839,763 SH SOLE 11,839,763 DEUTSCHE TELEKOM AG SPONSORED ADR 251566105 660,719 37,583,539 SH SOLE 37,583,539 DIAGEO P L C SPON ADR NEW 25243Q205 1,278 23,584 SH SOLE 23,584 DILLARDS INC CL A 254067101 68,165 3,064,989 SH SOLE 3,064,989 DOMINION RES INC NEW COM 25746U109 3,244 51,283 SH SOLE 51,283 DUKE ENERGY CORP COM 264399106 411,810 20,406,839 SH SOLE 20,406,839 DYNEGY INC NEW CL A 26816Q101 28,050 6,615,601 SH SOLE 6,615,601 E ON AG SPONSORED ADR 268780103 572,320 7,848,608 SH SOLE 7,848,608 EASTMAN KODAK CO. COM 277461109 109,899 4,193,006 SH SOLE 4,193,006 EL PASO CORP COM 28336L109 582,433 74,195,280 SH SOLE 74,195,280 ELECTRONIC DATA SYS CORP NEW COM 285661104 399,344 21,018,105 SH SOLE 21,018,105 ENDESA SA SPONSORED ADR 29258N107 30,229 1,596,034 SH SOLE 1,596,034 FPL GROUP INC COM 302571104 2,921 46,032 SH SOLE 46,032 FAIRFAX FINL HLDGS LTD SUB VTG 303901102 63,384 372,845 SH SOLE 372,845 FAIRFAX FINL HLDGS LTD SUB VTG 303901102 7,763 45,660 SH SOLE 45,660 FEDERAL SIGNAL CORP COM 313855108 1,663 89,905 SH SOLE 89,905 FLOWSERVE CORP COM 34354P105 698 28,420 SH SOLE 28,420 FOMENTO ECONIMICO MEXICANO S SPON ADR UNITS 344419106 502 10,980 SH SOLE 10,980 FORD MTR CO DEL COM 345370860 689,762 46,137,939 SH SOLE 46,137,939 FRANCE TELECOM SPONSORED ADR 35177Q105 243,521 9,453,438 SH SOLE 9,453,438 FUJI PHOTO FILM LTD ADR 359586302 239,193 7,661,546 SH SOLE 7,661,546 GATEWAY INC COM 367626108 14,734 3,356,300 SH SOLE 3,356,300 GEAC COMPUTER LTD COM 368289104 8,018 1,158,410 SH SOLE 1,158,410 GENERAL MTRS CORP COM 370442105 77,586 1,714,996 SH SOLE 1,714,996 GLAXOSMITHKLINE PLC SPONSORED ADR 37733W105 684,990 16,613,865 SH SOLE 16,613,865 GOODYEAR TIRE & RUBR CO COM 382550101 317,417 34,021,110 SH SOLE 34,021,110 GREAT LAKES CHEMICAL CORP COM 390568103 159,115 6,004,330 SH SOLE 6,004,330 GRUPO FINANCIARO GALICIA S A SP ADR 10 SH B 399909100 2,179 390,443 SH SOLE 390,443 GRUPO TELEVISA SA DE CV SP ADR REP ORD 40049J206 101,438 2,229,907 SH SOLE 2,229,907 GRUPO AEROPORTUARIO DEL SURE SPON ADR SER B 40051E202 2,133 114,090 SH SOLE 114,090 HEALTH NET INC COM 42222G108 3,065 116,890 SH SOLE 116,890 HELLENIC TELECOM ORGANIZATN SA SPONSORED ADR 423325307 37,827 5,645,846 SH SOLE 5,645,846 HEWLETT PACKARD CO COM 428236103 182,558 8,944,534 SH SOLE 8,944,534 HITACHI LIMITED ADR 10 COM 433578507 728,168 10,666,003 SH SOLE 10,666,003 IKON OFFICE SOLUTIONS INC COM 451713101 18,495 1,606,892 SH SOLE 1,606,892 IMPERIAL CHEM INDS PLC ADR NEW 452704505 183,076 10,903,866 SH SOLE 10,903,866 INDUSTRIAS BACHOCO S A DE C SP ADR B&L SHS 456463108 730 72,870 SH SOLE 72,870 ING GROUP NV SPONSORED ADR 456837103 438,563 18,583,175 SH SOLE 18,583,175 INTERSTATE BAKERIES CORP DEL COM 46072H108 20,043 1,901,628 SH SOLE 1,901,628 J P MORGAN CHASE AND CO COM 46625H100 465,435 12,222,549 SH SOLE 12,222,549 JOHNSON & JOHNSON COM 478160104 46,787 845,301 SH SOLE 845,301 KT CORP SPONSORED ADR 48268K101 803,635 45,300,744 SH SOLE 45,300,744 K2 INC COM 482732104 7,325 485,428 SH SOLE 485,428 KANSAS CITY LIFE INS CO COM 484836101 3,194 75,573 SH SOLE 75,573 KELLY SVCS INC CL A 488152208 16,890 586,040 SH SOLE 586,040 KEMET CORP COM 488360108 33,950 2,889,322 SH SOLE 2,889,322 KINGSWAY FINL SVCS INC COM 496904103 18,664 1,564,500 SH SOLE 1,564,500 KINGSWAY FINL SVCS INC COM 496904103 5,577 464,220 SH SOLE 464,220 KIRIN BREWERY LTD SPONSORED ADR 497350306 22,238 2,206,129 SH SOLE 2,206,129 KONINKLIJKE AHOLD N V SPON ADR NEW 500467303 438,767 55,121,484 SH SOLE 55,121,484 KOOKMIN BK NEW SPONSORED ADR 50049M109 862 28,427 SH SOLE 28,427 KOOR INDS LTD SPONSORED ADR 500507108 2,210 231,430 SH SOLE 231,430 KOREA ELECTRIC PWR SPONSORED ADR 500631106 438,913 48,931,161 SH SOLE 48,931,161 KRAFT FOODS INC CL A 50075N104 48,046 1,548,875 SH SOLE 1,548,875 KROGER CO COM 501044101 793,613 44,635,161 SH SOLE 44,635,161 LAFARGE COPPEE S A SPON ADR NEW 505861401 161,623 7,326,508 SH SOLE 7,326,508 LANDAMERICA FINL GROUP INC COM 514936103 2,570 65,720 SH SOLE 65,720 LOEWS CORP COM 540424108 652,064 10,940,679 SH SOLE 10,940,679 LOEWS CORP CAROLINA GP STK 540424207 35,466 1,463,118 SH SOLE 1,463,118 LUBRIZOL CORP COM 549271104 19,480 538,265 SH SOLE 538,265 LUCENT TECHNOLOGIES INC COM 549463107 32,033 9,049,004 SH SOLE 9,049,004 MMO2 PLC ADR 55309W101 1,210 70,696 SH SOLE 70,696 MAGYAR TAVKOZLESI RT SPONSORED ADR 559776109 19,548 937,557 SH SOLE 937,557 MAHANAGAR TEL NIGAM LTD SPONS ADR 2001 559778402 15,951 2,268,953 SH SOLE 2,268,953 MATSUSHITA ELEC ADR 576879209 418,662 29,861,797 SH SOLE 29,861,797 MATTEL INC COM 577081102 53,689 2,969,518 SH SOLE 2,969,518 MAYTAG CORP COM 578592107 6,909 288,840 SH SOLE 288,840 MERCK & CO INC COM 589331107 874,422 18,660,307 SH SOLE 18,660,307 MICRON TECHNOLOGY INC COM 595112103 245,605 16,730,603 SH SOLE 16,730,603 MILLEA HOLDINGS INC ADR 60032R106 555,003 7,605,797 SH SOLE 7,605,797 MITSUBISHI TOKYO FINL GROUP SPONSORED ADR 606816106 565,991 63,309,941 SH SOLE 63,309,941 MOTOROLA INC COM 620076109 386 21,705 SH SOLE 21,705 MYERS INDS INC COM 628464109 7,747 553,369 SH SOLE 553,369 NACCO INDS INC CL A 629579103 13,698 143,025 SH SOLE 143,025 NATIONAL PRESTO INDS INC COM 637215104 2,368 57,595 SH SOLE 57,595 NATIONAL RV HLDGS COM 637277104 8,098 556,190 SH SOLE 556,190 NATIONAL WESTMINSTER BK PLC ADR REP PREF B 638539700 461 18,027 SH SOLE 18,027 NATIONWIDE FINL SVCS CL A 638612101 31,363 850,860 SH SOLE 850,860 NATUZZI S P A ADR 63905A101 21,429 1,991,576 SH SOLE 1,991,576 NEWELL RUBBERMAID INC COM 651229106 29,158 1,258,437 SH SOLE 1,258,437 NIPPON TELEG & TEL CORP SPONSORED ADR 654624105 691,700 26,171,026 SH SOLE 26,171,026 NORTEL NETWORKS CORP NEW COM 656568102 2,465 539,200 SH SOLE 539,200 ORTHODONTIC CTRS OF AMER INC COM 68750P103 10,031 1,273,010 SH SOLE 1,273,010 OSHKOSH B GOSH INC CL A 688222207 992 41,507 SH SOLE 41,507 POSCO SPONSORED ADR 693483109 75,803 2,313,190 SH SOLE 2,313,190 PAYLESS SHOESOURCE INC COM 704379106 26,489 1,819,330 SH SOLE 1,819,330 PETROLEO BRASILEIRO SA PETRO SPONSORED ADR 71654V101 1,257,219 49,731,759 SH SOLE 49,731,759 PETROLEO BRASILEIRO SA PETRO SPONSORED ADR 71654V408 841 29,969 SH SOLE 29,969 PFIZER INC COM 717081103 44,262 1,304,113 SH SOLE 1,304,113 PHILIPPINE LONGDISTANCE TEL SPONSORED ADR 718252604 2,714 124,323 SH SOLE 124,323 PHOENIX COS INC NEW COM 71902E109 71,514 5,979,392 SH SOLE 5,979,392 PLAYTEX PRODS INC COM 72813P100 18,307 2,396,225 SH SOLE 2,396,225 POLYONE CORP COM 73179P106 19,811 2,743,852 SH SOLE 2,743,852 PORTUGAL TELECOM SGPS SA SPONSORED ADR 737273102 399,785 37,715,602 SH SOLE 37,715,602 QUEBECOR WORLD INC COM NON-VTG 748203106 26,472 1,197,814 SH SOLE 1,197,814 QUEBECOR WORLD INC COM NON-VTG 748203106 6,785 309,010 SH SOLE 309,010 QUILMES INDL QUINSA SOCIETE SP ADR CL B 74838Y207 2,629 159,360 SH SOLE 159,360 QUINENCO S A SPONSORED ADR 748718103 2,012 237,770 SH SOLE 237,770 RPM INTL INC COM 749685103 2,832 188,800 SH SOLE 188,800 REPSOL YPF S A SPONSORED ADR 76026T205 456,220 20,709,035 SH SOLE 20,709,035 REUTERS GROUP PLC SPONSORED ADR 76132M102 1,564 40,550 SH SOLE 40,550 REYNOLDS R J TOB HLDGS INC COM 76182K105 75,936 1,137,787 SH SOLE 1,137,787 ROYAL GROUP TECHNOLOGIES LTD SUB VTG SH 779915107 38,677 4,236,260 SH SOLE 4,236,260 ROYAL GROUP TECHNOLOGIES LTD SUB VTG SH 779915107 9,102 993,832 SH SOLE 993,832 ROYAL & SUN ALLIANCE INS SPONSORED ADR NEW78004V202 83,825 10,900,502 SH SOLE 10,900,502 RUSS BERRIE & CO COM 782233100 1,237 63,630 SH SOLE 63,630 RUSSELL CORP COM 782352108 3,485 193,085 SH SOLE 193,085 RYERSON TULL INC NEW COM 78375P107 13,469 843,369 SH SOLE 843,369 SBC COMMUNICATIONS INC COM 78387G103 684,232 28,379,603 SH SOLE 28,379,603 SK TELECOM LTD SPONSORED ADR 78440P108 10,290 509,401 SH SOLE 509,401 SPSS INC COM 78462K102 7,210 395,302 SH SOLE 395,302 SAFEWAY INC COM NEW 786514208 1,166,001 47,092,119 SH SOLE 47,092,119 SCHERING A G SPONSORED ADR 806585204 260,207 4,385,025 SH SOLE 4,385,025 SCHERING PLOUGH CORP COM 806605101 1,014,744 56,156,260 SH SOLE 56,156,260 SENSIENT TECHNOLOGIES CORP COM 81725T100 29,159 1,375,423 SH SOLE 1,375,423 SERVICE CORP INTL COM 817565104 170,048 23,358,288 SH SOLE 23,358,288 SHINHAN FINL GROUP LYD SPN ADR RESTRD 824596100 5,557 183,815 SH SOLE 183,815 SKECHERS U S A INC CL A 830566105 1,627 119,188 SH SOLE 119,188 SOLECTRON CORP COM 834182107 389 62,670 SH SOLE 62,670 SPRINT CORP COM FON GROUP 852061100 558,546 32,081,899 SH SOLE 32,081,899 STARRETT L S CO CL A 855668109 6,328 395,257 SH SOLE 395,257 SUN MICROSYSTEMS INC COM 866810104 8,691 2,079,155 SH SOLE 2,079,155 SUPERIOR INDS INTL INC COM 868168105 13,177 402,595 SH SOLE 402,595 SWIFT TRANSN CO COM 870756103 503 28,340 SH SOLE 28,340 SWISSCOM AG SPONSORED ADR 871013108 244,356 7,320,439 SH SOLE 7,320,439 SYNGENTA AG SPONSORED ADR 87160A100 145,549 8,571,763 SH SOLE 8,571,763 TDK CORP AMERN DEP SH 872351408 160,824 2,156,394 SH SOLE 2,156,394 TECUMSEH PRODS CO CL B 878895101 20,312 489,442 SH SOLE 489,442 TELE CELULAR SUL PART SA SPON ADR PFD 879238103 804 64,485 SH SOLE 64,485 TELE CENTRO OESTE CELULAR SA SPON ADR PFD 87923P105 43,007 4,710,524 SH SOLE 4,710,524 TELE NORTE LESTE PART SA SPON ADR PFD 879246106 286,940 21,160,737 SH SOLE 21,160,737 TELE NORDESTE CELULAR PART S SPON ADR PFD 87924W109 870 38,239 SH SOLE 38,239 TELECOM ARGENTINA SA SPON ADR REP B 879273209 122,295 13,350,988 SH SOLE 13,350,988 TELECOM CORP NEW ZEALAND LTD SPONSORED ADR 879278208 277,705 9,235,300 SH SOLE 9,235,300 TELECOM ITALIA S P A NEW SPON ADR ORD 87927Y102 536,015 17,059,673 SH SOLE 17,059,673 TELECOMUNICACOES BRASILEIRAS SPONSORED ADR 879287308 419,891 13,812,207 SH SOLE 13,812,207 TELEFLEX INC COM 879369106 1,480 29,960 SH SOLE 29,960 TELEFONICA S A SPONSORED ADR 879382208 754,899 16,914,605 SH SOLE 16,914,605 TELEFONOS DE MEXICO S A SPON ADR ORD L 879403780 939,250 28,574,689 SH SOLE 28,574,689 TELEKOM AUSTRIA AG SPONSORED ADR 87943Q109 66,986 2,111,140 SH SOLE 2,111,140 TELEMIG CELULAR PART SA SPON ADR PFD 87944E105 1,109 38,239 SH SOLE 38,239 TELESP CELULAR PART SA SPON ADR PFD 87952L108 5,199 669,103 SH SOLE 669,103 TELUS CORP NON-VOTING SHS 87971M202 4,135 268,890 SH SOLE 268,890 TENET HEALTHCARE CORP COM 88033G100 730,126 55,692,261 SH SOLE 55,692,261 TESMA INTL INC CL A SUB VTG 881908107 2,839 106,580 SH SOLE 106,580 3COM CORP COM 885535104 4,210 698,117 SH SOLE 698,117 TIDEWATER INC COM 886423102 9,456 317,315 SH SOLE 317,315 TOYS R US INC COM 892335100 460,455 28,248,749 SH SOLE 28,248,749 TRANSALTA CORP COM 89346D107 2,202 174,000 SH SOLE 174,000 TRINITY INDST INC COM 896522109 12,885 419,420 SH SOLE 419,420 TUPPERWARE CORP COM 899896104 74,530 3,935,080 SH SOLE 3,935,080 UST INC COM 902911106 426,487 11,840,281 SH SOLE 11,840,281 USEC INC COM 90333E108 13,292 1,527,825 SH SOLE 1,527,825 UNIBANCO-UNIAO DE BANCOS BRA GDR REP PFD UT 90458E107 2,622 123,411 SH SOLE 123,411 UNILEVER PLC SPON ADR NEW 904767704 1,694 43,134 SH SOLE 43,134 UNILEVER NV NY SHS NEW 904784709 581,108 8,558,292 SH SOLE 8,558,292 UNION PAC CORP COM 907818108 994 16,979 SH SOLE 16,979 UNISYS CORP COM 909214108 452,069 33,561,142 SH SOLE 33,561,142 UNITED MICROELECTRONICS CORP SPONSORED ADR 910873207 7,869 1,909,958 SH SOLE 1,909,958 UNUMPROVIDENT CORP COM 91529Y106 163,829 10,481,701 SH SOLE 10,481,701 VERIZON COMMUNICATIONS COM 92343V104 607,140 16,832,264 SH SOLE 16,832,264 VIDESH SANCHAR NIGAM LTD SPON ADR NEW 92659G600 47,890 6,163,499 SH SOLE 6,163,499 VISTEON CORP COM 92839U107 58,876 5,294,629 SH SOLE 5,294,629 WACOAL CORP ADR 930004205 4,474 85,201 SH SOLE 85,201 WASTE MGMT INC DEL COM 94106L109 69,774 2,346,932 SH SOLE 2,346,932 WELLMAN INC COM 949702104 14,119 1,758,287 SH SOLE 1,758,287 WESCAST INDS INC CL A SUB VTG 950813105 7,783 322,290 SH SOLE 322,290 WESCAST INDS INC CL A SUB VTG 950813105 4,321 175,940 SH SOLE 175,940 WESTAR ENERGY INC COM 95709T100 3,729 188,894 SH SOLE 188,894 WINN DIXIE STORES INC COM 974280109 61,774 8,603,649 SH SOLE 8,603,649 WOLVERINE TUBE INC COM 978093102 4,354 407,285 SH SOLE 407,285 WYETH COM 983024100 44,821 1,242,623 SH SOLE 1,242,623 XEROX CORP COM 984121103 704,407 49,781,383 SH SOLE 49,781,383 YORK INTL CORP NEW COM 986670107 11,746 287,038 SH SOLE 287,038 DAIMLERCHRYSLER AG ORD D1668R123 470,966 10,231,717 SH SOLE 10,231,717 HILFIGER TOMMY CORP ORD G8915Z102 45,716 3,049,788 SH SOLE 3,049,788 BANCO LATINOAMERICANO DE EXP CL E P16994132 15,381 1,017,965 SH SOLE 1,017,965