Cullen Enhanced Equity Income I
- ENHNX
- Price as of: Jan 20, 2021
-
$10.41
N/A N/A
- Primary Theme
- Options-based
- Fund Company
- Cullen Funds Trust
- Share Class
ENHNX - Snapshot
Vitals
- YTD Return 3.6%
- 3 Yr Annualized Return 4.4%
- 5 Yr Annualized Return 7.0%
- Net Assets $53.4 M
- Holdings in Top 10 34.8%
52 WEEK LOW AND HIGH
Expenses
OPERATING RELATED FEES
- Expense Ratio 1.68%
SALES FEES
- Front Load N/A
- Deferred Load N/A
BROKERAGE FEES
- Turnover 170.00%
TRADING FEES
- Max Redemption Fee 2.00%
Min Investment
- Standard (Taxable) $1,000,000
- IRA N/A
Fund Classification
-
Primary Theme
Options-based
- Fund Type Open End Mutual Fund
- Investment Style Options-based
ENHNX - Profile
Distributions
- YTD Total Return 3.6%
- 3 Yr Annualized Total Return 4.4%
- 5 Yr Annualized Total Return 7.0%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 2.97%
- Dividend Yield 0.0%
- Dividend Distribution Frequency Quarterly
Fund Details
-
Legal NameCullen Enhanced Equity Income Fund
-
Fund Family NameCullen Funds Trust
-
Inception DateDec 15, 2015
-
Shares Outstanding4666337
-
Share ClassInst
-
CurrencyUSD
-
Domiciled CountryUnited States
-
ManagerJennifer Chang
Fund Description
The fund invests 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). It may invest up to 30% of its assets in foreign securities.
ENHNX - Performance
Return Ranking - Trailing
| Period | ENHNX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 3.6% | -2.0% | 9.4% | 9.64% |
| 1 Yr | 1.5% | -26.5% | 28.6% | 83.04% |
| 3 Yr | 4.4%* | -13.4% | 18.1% | 63.69% |
| 5 Yr | 7.0%* | -5.4% | 15.8% | 38.98% |
| 10 Yr | N/A* | -5.2% | 13.3% | N/A |
* Annualized
Return Ranking - Calendar
| Period | ENHNX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2020 | -5.0% | -34.1% | 904.0% | 81.98% |
| 2019 | 11.4% | -28.6% | 28.4% | 47.98% |
| 2018 | -10.8% | -93.5% | 8.2% | 53.79% |
| 2017 | 3.5% | -38.9% | 19.8% | 65.89% |
| 2016 | 3.4% | -10.9% | 12.8% | 38.83% |
Total Return Ranking - Trailing
| Period | ENHNX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 3.6% | -0.8% | 10.6% | 9.64% |
| 1 Yr | 1.5% | -26.5% | 28.6% | 77.23% |
| 3 Yr | 4.4%* | -13.4% | 18.1% | 61.78% |
| 5 Yr | 7.0%* | -5.8% | 15.8% | 33.90% |
| 10 Yr | N/A* | -5.2% | 13.3% | N/A |
* Annualized
Total Return Ranking - Calendar
| Period | ENHNX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2020 | -5.0% | -34.1% | 904.0% | 81.98% |
| 2019 | 11.4% | -5.9% | 28.4% | 48.55% |
| 2018 | -5.1% | -30.9% | 8.2% | 29.66% |
| 2017 | 10.7% | -23.4% | 19.8% | 35.66% |
| 2016 | 11.6% | -10.9% | 12.8% | 4.85% |
NAV & Total Return History
ENHNX - Holdings
Concentration Analysis
| ENHNX | Category Low | Category High | ENHNX % Rank | |
|---|---|---|---|---|
| Net Assets | 53.4 M | 1.38 M | 14.4 B | 69.88% |
| Number of Holdings | 51 | 1 | 509 | 39.76% |
| Net Assets in Top 10 | 16.2 M | -3.82 M | 4.25 B | 84.74% |
| Weighting of Top 10 | 34.84% | 11.6% | 100.0% | 48.59% |
Top 10 Holdings
- Verizon Communications Inc 4.10%
- Eaton Corp PLC 3.89%
- Johnson & Johnson 3.65%
- Duke Energy Corp 3.52%
- Chubb Ltd 3.50%
- Cisco Systems Inc 3.39%
- Johnson Controls International PLC 3.39%
- Intel Corp 3.37%
- Pfizer Inc 3.23%
- PPL Corp 3.11%
Asset Allocation
| Weighting | Return Low | Return High | ENHNX % Rank | |
|---|---|---|---|---|
| Stocks | 97.27% | -3.45% | 100.19% | 35.74% |
| Cash | 2.73% | -28.61% | 100.11% | 55.02% |
| Preferred Stocks | 0.00% | 0.00% | 5.20% | 5.22% |
| Other | 0.00% | -5.49% | 74.19% | 17.67% |
| Convertible Bonds | 0.00% | 0.00% | 27.25% | 8.43% |
| Bonds | 0.00% | 0.00% | 97.55% | 15.66% |
Stock Sector Breakdown
| Weighting | Return Low | Return High | ENHNX % Rank | |
|---|---|---|---|---|
| Healthcare | 19.02% | 0.00% | 29.45% | 6.19% |
| Financial Services | 15.84% | 0.00% | 27.65% | 18.58% |
| Consumer Defense | 11.02% | 0.00% | 26.50% | 15.93% |
| Industrials | 10.47% | 2.38% | 44.47% | 20.80% |
| Technology | 8.04% | 0.00% | 44.21% | 93.81% |
| Energy | 6.93% | 0.00% | 65.03% | 7.08% |
| Utilities | 6.81% | 0.00% | 14.11% | 4.87% |
| Communication Services | 6.22% | 0.00% | 21.22% | 91.59% |
| Basic Materials | 5.62% | 0.00% | 64.14% | 15.49% |
| Consumer Cyclical | 5.16% | 0.00% | 19.03% | 93.81% |
| Real Estate | 4.88% | 0.00% | 8.92% | 6.64% |
Stock Geographic Breakdown
| Weighting | Return Low | Return High | ENHNX % Rank | |
|---|---|---|---|---|
| US | 88.73% | -3.45% | 99.69% | 44.18% |
| Non US | 8.54% | -0.10% | 98.16% | 16.87% |
ENHNX - Expenses
Operational Fees
| ENHNX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 1.68% | 0.20% | 6.78% | 28.15% |
| Management Fee | 1.00% | 0.20% | 1.75% | 67.34% |
| 12b-1 Fee | 0.00% | 0.00% | 1.00% | 0.68% |
| Administrative Fee | N/A | 0.03% | 0.28% | N/A |
Sales Fees
| ENHNX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | N/A | 4.75% | 5.75% | N/A |
| Deferred Load | N/A | 1.00% | 1.00% | N/A |
Trading Fees
| ENHNX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Max Redemption Fee | 2.00% | 1.00% | 2.00% | 11.76% |
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.
| ENHNX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | 170.00% | 0.00% | 456.80% | 90.99% |
ENHNX - Distributions
Dividend Yield Analysis
| ENHNX | Category Low | Category High | ENHNX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 0.00% | 0.00% | 8.12% | 9.24% |
Dividend Distribution Analysis
| ENHNX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Quarterly | Annually | Quarterly | Annually |
Net Income Ratio Analysis
| ENHNX | Category Low | Category High | ENHNX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | 2.97% | -2.13% | 14.24% | 4.18% |
Capital Gain Distribution Analysis
| ENHNX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Annually | Annually |
Dividend Payout History
| Date | Amount |
|---|---|
| Mar 28, 2019 | $0.119 |
| Sep 28, 2018 | $0.141 |
| Jun 29, 2018 | $0.136 |
| Mar 29, 2018 | $0.177 |
| Sep 29, 2017 | $0.175 |
| Jun 30, 2017 | $0.126 |
| Mar 31, 2017 | $0.146 |
| Dec 29, 2016 | $0.297 |
| Sep 29, 2016 | $0.333 |
| Jun 30, 2016 | $0.039 |
| Mar 31, 2016 | $0.122 |
ENHNX - Fund Manager Analysis
Managers
Jennifer Chang
Start Date
Tenure
Tenure Rank
Dec 15, 2015
5.05
5.1%
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.
Timothy Cordle
Start Date
Tenure
Tenure Rank
Dec 15, 2015
5.05
5.1%
Tim Cordle currently serves as Portfolio Manager and Managing Director at Cullen Capital Management LLC and has worked there since 2012. Prior to joining Schafer Cullen, Mr. Cordle was a vice president and financial advisor at Scott & Stringfellow since 1993.
James Cullen
Start Date
Tenure
Tenure Rank
Dec 15, 2015
5.05
5.1%
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.
Michael Kelly
Start Date
Tenure
Tenure Rank
Oct 28, 2016
4.18
4.2%
Michael Kelly is the Director of Research and a member of the Investment Team. He works closely with the Portfolio Managers supporting all of our strategies, while organizing the Firm’s research effort. Michael joined Schafer Cullen in 2007. Prior to joining Schafer Cullen Capital Management, Mr. Kelly was an Investment Analyst at Neuberger Berman from 2004-2007. Mr. Kelly received his B.A. in Political Science and Economics from Emory University in 2004. He has held the Chartered Financial Analyst designation since 2008.
Tenure Analysis
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| 0.03 | 19.52 | 3.74 | 5.42 |