Cullen Emerging Markets High Div Retail
- CEMDX
- Price as of: Feb 22, 2021
-
$12.18
N/A N/A
- Primary Theme
- Emerging Markets Equity
- Fund Company
- Cullen Funds Trust
- Share Class
CEMDX - Snapshot
Vitals
- YTD Return 5.5%
- 3 Yr Annualized Return -0.2%
- 5 Yr Annualized Return 9.2%
- Net Assets $257 M
- Holdings in Top 10 32.5%
52 WEEK LOW AND HIGH
Expenses
OPERATING RELATED FEES
- Expense Ratio 1.49%
SALES FEES
- Front Load N/A
- Deferred Load N/A
BROKERAGE FEES
- Turnover 70.00%
TRADING FEES
- Max Redemption Fee 2.00%
Min Investment
- Standard (Taxable) $1,000
- IRA $250
Fund Classification
-
Primary Theme
Emerging Markets Equity
- Fund Type Open End Mutual Fund
- Investment Style Diversified Emerging Mkts
CEMDX - Profile
Distributions
- YTD Total Return 5.5%
- 3 Yr Annualized Total Return -0.2%
- 5 Yr Annualized Total Return 9.2%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 2.75%
- Dividend Yield 0.0%
- Dividend Distribution Frequency Quarterly
Fund Details
-
Legal NameCullen Emerging Markets High Dividend Fund
-
Fund Family NameCullen Funds Trust
-
Inception DateAug 31, 2012
-
Shares Outstanding953191
-
Share ClassAdv
-
CurrencyUSD
-
Domiciled CountryUnited States
-
ManagerRahul Sharma
Fund Description
The fund invests at least 80% of its net assets, plus borrowings for investment purposes, in high-dividend paying securities of companies across all capitalizations that are organized in, maintain at least 50% of their assets in, or derive at least 50% of their revenues from, emerging market countries. As a point of comparison, a high dividend paying common stock that the fund would invest in would generally have a dividend yield greater than the average dividend yield of the equity securities in the MSCI Emerging Markets Index.
CEMDX - Performance
Return Ranking - Trailing
| Period | CEMDX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 5.5% | -0.9% | 19.5% | 88.73% |
| 1 Yr | 11.6% | -19.1% | 95.4% | 91.84% |
| 3 Yr | -0.2%* | -9.8% | 28.3% | 88.65% |
| 5 Yr | 9.2%* | 0.6% | 29.2% | 90.39% |
| 10 Yr | N/A* | -1.0% | 10.1% | N/A |
* Annualized
Return Ranking - Calendar
| Period | CEMDX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2020 | 5.8% | -22.1% | 480.0% | 87.22% |
| 2019 | 14.6% | -26.9% | 42.0% | 74.60% |
| 2018 | -18.6% | -58.5% | 34.6% | 54.11% |
| 2017 | 24.9% | -33.4% | 66.6% | 80.47% |
| 2016 | 2.6% | -11.5% | 241.3% | 78.92% |
Total Return Ranking - Trailing
| Period | CEMDX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 5.5% | -2.6% | 19.6% | 88.00% |
| 1 Yr | 11.6% | -19.1% | 95.4% | 90.95% |
| 3 Yr | -0.2%* | -9.8% | 28.3% | 87.40% |
| 5 Yr | 9.2%* | 0.6% | 29.2% | 89.93% |
| 10 Yr | N/A* | -1.0% | 10.1% | N/A |
* Annualized
Total Return Ranking - Calendar
| Period | CEMDX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2020 | 5.8% | -22.1% | 480.0% | 87.22% |
| 2019 | 14.6% | -14.7% | 42.0% | 74.60% |
| 2018 | -16.4% | -41.9% | 36.2% | 35.64% |
| 2017 | 29.5% | -24.0% | 66.6% | 75.59% |
| 2016 | 6.0% | -10.0% | 249.6% | 61.15% |
NAV & Total Return History
CEMDX - Holdings
Concentration Analysis
| CEMDX | Category Low | Category High | CEMDX % Rank | |
|---|---|---|---|---|
| Net Assets | 257 M | 874 K | 105 B | 60.91% |
| Number of Holdings | 67 | 1 | 5610 | 76.00% |
| Net Assets in Top 10 | 86.3 M | 490 K | 27.4 B | 61.70% |
| Weighting of Top 10 | 32.45% | 2.9% | 100.0% | 62.07% |
Top 10 Holdings
- Samsung Electronics Co Ltd 5.67%
- Samsung Electronics Co Ltd 5.67%
- Samsung Electronics Co Ltd 5.67%
- Samsung Electronics Co Ltd 5.67%
- Samsung Electronics Co Ltd 5.67%
- Samsung Electronics Co Ltd 5.67%
- Samsung Electronics Co Ltd 5.67%
- Samsung Electronics Co Ltd 5.67%
- Samsung Electronics Co Ltd 5.67%
- Samsung Electronics Co Ltd 5.67%
Asset Allocation
| Weighting | Return Low | Return High | CEMDX % Rank | |
|---|---|---|---|---|
| Stocks | 97.74% | 43.59% | 102.11% | 62.39% |
| Cash | 2.26% | -13.62% | 14.21% | 33.58% |
| Preferred Stocks | 0.00% | 0.00% | 1.79% | 37.82% |
| Other | 0.00% | -1.94% | 6.57% | 37.82% |
| Convertible Bonds | 0.00% | 0.00% | 14.70% | 26.91% |
| Bonds | 0.00% | -13.02% | 55.55% | 34.82% |
Stock Sector Breakdown
| Weighting | Return Low | Return High | CEMDX % Rank | |
|---|---|---|---|---|
| Technology | 25.14% | 0.00% | 49.20% | 29.84% |
| Financial Services | 17.96% | 0.00% | 49.08% | 48.96% |
| Basic Materials | 14.01% | 0.00% | 22.93% | 2.68% |
| Real Estate | 12.54% | 0.00% | 21.02% | 0.37% |
| Industrials | 9.83% | 0.00% | 44.38% | 11.57% |
| Consumer Cyclical | 9.83% | 0.00% | 44.60% | 89.77% |
| Consumer Defense | 4.20% | 0.00% | 28.17% | 84.04% |
| Utilities | 2.48% | 0.00% | 36.71% | 17.90% |
| Energy | 2.34% | 0.00% | 21.25% | 67.84% |
| Communication Services | 1.69% | 0.00% | 46.01% | 98.78% |
| Healthcare | 0.00% | 0.00% | 97.68% | 97.08% |
Stock Geographic Breakdown
| Weighting | Return Low | Return High | CEMDX % Rank | |
|---|---|---|---|---|
| Non US | 96.98% | 0.00% | 101.41% | 52.00% |
| US | 0.76% | 0.00% | 100.11% | 42.18% |
CEMDX - Expenses
Operational Fees
| CEMDX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 1.49% | 0.04% | 40.36% | 44.58% |
| Management Fee | 1.00% | 0.00% | 2.00% | 65.63% |
| 12b-1 Fee | 0.25% | 0.00% | 1.00% | 31.71% |
| Administrative Fee | N/A | 0.01% | 1.25% | N/A |
Sales Fees
| CEMDX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | N/A | 0.40% | 5.75% | N/A |
| Deferred Load | N/A | 1.00% | 5.00% | N/A |
Trading Fees
| CEMDX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Max Redemption Fee | 2.00% | 0.40% | 2.00% | 30.61% |
Related Fees
Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.
| CEMDX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | 70.00% | 0.00% | 420.00% | 73.38% |
CEMDX - Distributions
Dividend Yield Analysis
| CEMDX | Category Low | Category High | CEMDX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 0.00% | 0.00% | 4.04% | 33.81% |
Dividend Distribution Analysis
| CEMDX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Quarterly | Annually | Annually | Annually |
Net Income Ratio Analysis
| CEMDX | Category Low | Category High | CEMDX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | 2.75% | -2.06% | 6.00% | 10.47% |
Capital Gain Distribution Analysis
| CEMDX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Annually | Annually |
Dividend Payout History
| Date | Amount |
|---|---|
| Mar 28, 2019 | $0.071 |
| Sep 28, 2018 | $0.167 |
| Jun 29, 2018 | $0.071 |
| Mar 29, 2018 | $0.039 |
| Dec 29, 2017 | $0.090 |
| Sep 29, 2017 | $0.196 |
| Jun 30, 2017 | $0.095 |
| Mar 31, 2017 | $0.009 |
| Dec 29, 2016 | $0.114 |
| Sep 29, 2016 | $0.122 |
| Jun 30, 2016 | $0.080 |
| Dec 31, 2015 | $0.016 |
| Sep 30, 2015 | $0.292 |
| Jun 30, 2015 | $0.091 |
| Dec 30, 2014 | $0.052 |
| Sep 30, 2014 | $0.180 |
| Jun 30, 2014 | $0.091 |
| Mar 31, 2014 | $0.027 |
CEMDX - Fund Manager Analysis
Managers
Rahul Sharma
Start Date
Tenure
Tenure Rank
Aug 31, 2012
8.42
8.4%
Rahul Sharma serves as a Co - Portfolio Manager on the Global High Dividend ADR strategy and all the firm's other Global and International strategies. Mr. Sharma has been in the investment business for over 15 years. He joined Schafer Cullen in 1999 as a research analyst and moved into portfolio management for the International, Emerging, and Global Equity strategies in 2001. Prior to joining Schafer Cullen, he worked in small business management. Mr. Sharma received his B.A. in Mathematics from the College of William and Mary in 1994.
James Cullen
Start Date
Tenure
Tenure Rank
Aug 31, 2012
8.42
8.4%
James P. Cullen, Chairman, Chief Executive Officer and controlling member, has been a portfolio manager. He is also a founder of Schafer Cullen Capital Management, Inc., a registered investment adviser, and has been its Chairman and Chief Executive Officer since December 1982. Prior to forming Schafer Cullen Capital Management, Inc., Mr. Cullen was a Vice President of Donaldson, Lufkin & Jenrette. Prior to Donaldson, Mr. Cullen co-managed the New York Research, which specialized in low P/E research. Mr. Cullen began his career at Merrill Lynch in 1965 and later worked for the research firm Spencer Trask & Company. Mr. Cullen spent four years as a Navy Officer on the aircraft carrier USS Essex after receiving a B.S. in finance from Seton Hall University.
Tenure Analysis
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| 0.01 | 33.95 | 5.75 | 1.17 |