Cullen International High Dividend Fund

Daily Net Asset Value (NAV) as of 02/21/2012

Class	Ticker	NAV	NAV Change
Retail Class	CIHDX	$9.45	$0.03
Class C	CIHCX	$9.39	$0.03
Class I	CIHIX	$9.50	$0.02
Class R1	CIHRX	$10.69	$0.03
Class R2	CIHPX	$10.64	$0.04

Objective

The Cullen International High Dividend Fund (the "International High Dividend Fund") seeks current income and long-term capital appreciation. Current income is a primary objective and capital appreciation is a secondary objective.

Strategy Overview

The International High Dividend Fund invests, under normal circumstances, at least 80% of its net assets primarily in high dividend paying common stocks of medium- and large-capitalization companies headquartered outside the United States and in ADRs. ADRs are depository receipts for foreign securities denominated in U.S. dollars and traded on U.S. securities markets or available through a U.S. broker or dealer. As a point of comparison, a high dividend paying common stock that the International High Dividend Fund would invest in would generally have a dividend yield greater than the average dividend yield of the equity securities in the MSCI EAFE Stock Index.

The International High Dividend Fund intends to diversify its investments across different countries, but the percentage of Fund assets invested in particular countries or regions will change from time to time based on the Adviser's judgment. The International High Dividend Fund intends to invest in the securities of companies located in developed countries and, to a lesser extent, those located in emerging markets. The International High Dividend Fund may consider investments in companies in any of the world's developed stock markets, such as the United Kingdom and other stock markets in the European Union. The International High Dividend Fund also may consider investments in developed and emerging stock markets in the Far East, such as Hong Kong, China, Singapore, Korea, Taiwan, Malaysia and Thailand. Other developed and emerging stock markets such as Australia, New Zealand, South Africa, Canada and Mexico also may be considered.

The International High Dividend Fund generally invests substantially all of its assets in common stocks and ADRs. The International High Dividend Fund invests roughly similar amounts of its assets in each position 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.

Download Fact Sheet
Retail Class
Ticker:	CIHDX
Cusip:	230001505
Minimum Investment:	$1,000
Net Expense Ratio:	1.25%^
Redemption Fee:	2.00%*

CLASS C
Ticker:	CIHCX
Cusip:	230001604
Minimum Investment:	$1,000
Net Expense Ratio:	2.00%^
Redemption Fee:	2.00%*

CLASS I
Ticker:	CIHIX
Cusip:	230001703
Minimum Investment:	$1,000,000
Net Expense Ratio:	1.00%^
Redemption Fee:	2.00%*

CLASS R1
Ticker:	CIHRX
Cusip:	230001802
Minimum Investment:	None
Net Expense Ratio:	1.75%^
Redemption Fee:	2.00%*

CLASS R2
Ticker:	CIHPX
Cusip:	230001885
Minimum Investment:	None
Net Expense Ratio:	1.50%^
Redemption Fee:	2.00%*

^The Adviser has contractually agreed to waive fees until 10/31/12. In the absence of these fee waivers, total returns would be reduced. The Net Expenses do not include Acquired Fund Fees and Expenses. *The Fund charges a 2% redemption fee if you redeem or exchange shares of this Fund within seven (7) days of purchase.