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Trending ETFs

Name

As of 05/20/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$11.36

$775 M

0.78%

$0.09

1.36%

Vitals

YTD Return

7.3%

1 yr return

11.8%

3 Yr Avg Return

4.3%

5 Yr Avg Return

6.7%

Net Assets

$775 M

Holdings in Top 10

32.7%

52 WEEK LOW AND HIGH

$11.5
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 1.36%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 40.00%

Redemption Fee 2.00%


Min Investment

Standard (Taxable)

$0

IRA

N/A


Fund Classification

Fund Type

Open End Mutual Fund


Name

As of 05/20/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$11.36

$775 M

0.78%

$0.09

1.36%

CHDPX - Profile

Distributions

  • YTD Total Return 7.3%
  • 3 Yr Annualized Total Return 4.3%
  • 5 Yr Annualized Total Return 6.7%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 2.14%
DIVIDENDS
  • Dividend Yield 0.8%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    Cullen High Dividend Equity Fund
  • Fund Family Name
    Cullen Funds Trust
  • Inception Date
    Aug 01, 2003
  • Shares Outstanding
    54367
  • Share Class
    R2
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    James Cullen

Fund Description

The High Dividend Fund invests, under normal circumstances, at least 80% of its net assets, plus borrowings for investment purposes, in dividend paying common stocks of medium-capitalization companies (which are companies with a typical capitalization range of between $5 billion and $12 billion at the time of investment) and large-capitalization companies (which are companies with a typical capitalization range greater than $12 billion at the time of investment). As a point of comparison, a high dividend common stock that the High Dividend Fund would invest in would generally have a dividend yield greater than the average dividend yield of the equity securities in the S&P 500® Index.

The High Dividend Fund invests roughly similar amounts of its assets in each stock in the portfolio at the time of original purchase, although the portfolio is not systematically rebalanced. This approach avoids the overweighting of any individual security being purchased. The Adviser may sell portfolio stocks when they are no longer attractive based on their growth potential, dividend yield or price.

As part of its strategy, the High Dividend Fund, in order to generate additional income, may selectively write covered call options when it is deemed to be in the Fund’s best interest. A call option is a short-term contract entitling the purchaser, in return for a premium paid, the right to buy the underlying equity security at a specified price upon exercise of the option at any time prior to its expiration. Writing a covered call option allows the High Dividend Fund to receive a premium. A call option gives the holder the right, but not the obligation, to buy the underlying equity stock from the writer of the option at a given price during a specific period.

The High Dividend Fund may invest up to 30% of its assets in foreign securities. These investments are generally made in American Depositary Receipts (“ADRs”), which are depositary receipts for foreign securities denominated in U.S. dollars and traded in U.S. securities markets or available through a U.S. broker or dealer. ADRs may be purchased through “sponsored” or “unsponsored” facilities. A sponsored facility is established jointly by the issuer of the underlying security and a depositary, whereas a depositary may establish an unsponsored facility without participation by the issuer of the depositary security. Holders of unsponsored depositary receipts generally bear all the costs of such facilities and the depositary of an unsponsored facility frequently is under no obligation to distribute shareholder communications received from the issuer of the deposited security or to pass through voting rights to the holders of such receipts.

The High Dividend Fund generally invests substantially all of its assets in common stocks and ADRs but may invest in other equity securities, which can include convertible debt, exchange-traded funds (“ETFs”) that invest primarily in equity securities, warrants, rights, equity interests in real estate investment trusts (“REITs”), equity interests in master limited partnerships (“MLPs”), and preferred stocks.

The Fund will not engage in derivatives except to the extent that the writing of covered call options is deemed to involve derivatives.

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CHDPX - Performance

Return Ranking - Trailing

Period CHDPX Return Category Return Low Category Return High Rank in Category (%)
YTD 7.3% -1.0% 24.8% 69.60%
1 Yr 11.8% -0.7% 49.4% 93.78%
3 Yr 4.3%* -4.2% 30.8% 86.81%
5 Yr 6.7%* 0.2% 44.8% 95.03%
10 Yr 6.8%* 1.4% 25.0% 91.87%

* Annualized

Return Ranking - Calendar

Period CHDPX Return Category Return Low Category Return High Rank in Category (%)
2023 -11.5% -24.9% 46.1% 99.20%
2022 -12.6% -64.7% 4.6% 55.12%
2021 11.8% -44.2% 57.5% 69.44%
2020 -15.9% -23.2% 285.0% 99.43%
2019 11.3% -21.4% 48.5% 89.78%

Total Return Ranking - Trailing

Period CHDPX Return Category Return Low Category Return High Rank in Category (%)
YTD 7.3% -1.0% 24.8% 69.60%
1 Yr 11.8% -0.7% 49.4% 93.78%
3 Yr 4.3%* -4.2% 30.8% 86.81%
5 Yr 6.7%* 0.2% 44.8% 95.03%
10 Yr 6.8%* 1.4% 25.0% 91.87%

* Annualized

Total Return Ranking - Calendar

Period CHDPX Return Category Return Low Category Return High Rank in Category (%)
2023 2.5% -15.9% 46.7% 95.58%
2022 -4.0% -42.0% 8.5% 35.37%
2021 26.1% 3.6% 129.7% 48.94%
2020 -4.5% -22.6% 304.8% 94.52%
2019 19.4% -12.7% 52.1% 95.72%

NAV & Total Return History


CHDPX - Holdings

Concentration Analysis

CHDPX Category Low Category High CHDPX % Rank
Net Assets 775 M 1.09 M 163 B 51.99%
Number of Holdings 46 2 1683 83.54%
Net Assets in Top 10 253 M 420 K 33.9 B 48.67%
Weighting of Top 10 32.74% 4.8% 98.8% 29.88%

Top 10 Holdings

  1. JPMorgan Chase Co 4.04%
  2. Chubb Ltd 3.64%
  3. Morgan Stanley 3.64%
  4. Johnson Johnson 3.29%
  5. General Dynamics Corp 3.12%
  6. Comcast Corp 3.08%
  7. Lowe's Cos Inc 3.07%
  8. Chevron Corp 3.00%
  9. Novartis AG 2.97%
  10. Merck Co Inc 2.90%

Asset Allocation

Weighting Return Low Return High CHDPX % Rank
Stocks
98.63% 1.86% 108.42% 46.64%
Cash
1.37% 0.00% 38.18% 46.81%
Preferred Stocks
0.00% 0.00% 13.88% 13.01%
Other
0.00% -1.68% 39.72% 33.45%
Convertible Bonds
0.00% 0.00% 3.66% 7.72%
Bonds
0.00% -1.92% 73.23% 11.42%

Stock Sector Breakdown

Weighting Return Low Return High CHDPX % Rank
Financial Services
16.50% 0.00% 58.05% 77.81%
Healthcare
16.33% 0.00% 30.08% 62.57%
Industrials
14.68% 0.00% 42.76% 12.39%
Consumer Defense
13.17% 0.00% 34.10% 13.01%
Technology
9.06% 0.00% 54.02% 67.02%
Energy
7.50% 0.00% 54.00% 56.15%
Real Estate
5.87% 0.00% 90.54% 9.80%
Utilities
5.04% 0.00% 27.04% 43.23%
Consumer Cyclical
4.97% 0.00% 22.74% 67.20%
Communication Services
4.50% 0.00% 26.58% 67.83%
Basic Materials
2.39% 0.00% 21.69% 71.75%

Stock Geographic Breakdown

Weighting Return Low Return High CHDPX % Rank
US
98.63% 1.86% 108.42% 36.81%
Non US
0.00% 0.00% 26.07% 35.93%

CHDPX - Expenses

Operational Fees

CHDPX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.36% 0.03% 14.82% 22.65%
Management Fee 1.00% 0.00% 1.50% 96.99%
12b-1 Fee 0.25% 0.00% 1.00% 24.66%
Administrative Fee N/A 0.00% 0.50% N/A

Sales Fees

CHDPX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 1.00% 5.75% N/A
Deferred Load N/A 0.95% 5.00% N/A

Trading Fees

CHDPX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee 2.00% 1.00% 2.00% 8.62%

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.

CHDPX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 40.00% 0.00% 488.00% 52.57%

CHDPX - Distributions

Dividend Yield Analysis

CHDPX Category Low Category High CHDPX % Rank
Dividend Yield 0.78% 0.00% 36.05% 0.62%

Dividend Distribution Analysis

CHDPX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Annual Monthly Quarterly

Net Income Ratio Analysis

CHDPX Category Low Category High CHDPX % Rank
Net Income Ratio 2.14% -1.51% 4.28% 10.93%

Capital Gain Distribution Analysis

CHDPX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually Annually

Distributions History

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CHDPX - Fund Manager Analysis

Managers

James Cullen


Start Date

Tenure

Tenure Rank

Aug 01, 2003

18.84

18.8%

Jim Cullen founded Schafer Cullen Capital Management in 1983 and has served as the CEO and Portfolio Manager since its formation in 1983. His experience in the investment business spans over 50 years. Prior to founding the Firm, Mr. Cullen was a Vice President at Donaldson, Lufkin & Jenrette. Previously to Donaldson, Mr. Cullen co-managed the New York Research, which specialized in low P/E research. He 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.

Jennifer Chang


Start Date

Tenure

Tenure Rank

Apr 14, 2014

8.13

8.1%

Ms. Chang joined Schafer Cullen in 2006. Prior to joining Schafer Cullen Capital Management, Mrs. Chang was an Investment Analyst at PNC Advisors and an associate consultant at Bain & Company. Mrs. Chang received her M.B.A. from the Wharton School of Business in 2004 and her B.S. from Rice University in 1999. She has held the Chartered Financial Analyst designation since 2007.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.05 86.59 8.03 16.42