Cullen High Dividend Equity Fund

Holdings/Fund Details

Top Ten Holdings as of 03/31/2021 subject to change

JPMorgan Chase & Co.3.76%
Morgan Stanley3.40%
Target Corp.3.30%
Genuine Parts Co.3.23%
Johnson & Johnson3.14%
Johnson Controls International PLC2.97%
Raytheon Technologies Corp.2.85%
Chevron Corp.2.75%
Intel Corp.2.72%
Lowe's Cos. Inc.2.70%

Portfolio Characteristics as of 3/31/2021


Average P/E 16.8
30 Day SEC Yield1 2.06%
30-Day Unsubsidized SEC Yield 1 1.73%
12 Month Trailing Distributed Yield 2 2.35%
Weighted Average Market Cap. $177.7 Billion
Median Market Cap. $138.3 Billion

Risk Management as of 3/31/2021

Since Inception as compared to the S&P 500 ® Index:

Beta3 0.82
R-Squared4 90.54
Standard Deviation (Fund) 16.5
Standard Deviation (Benchmark) 19.18

Sector Breakdown as of 3/31/2021

Portfolio Allocation as of 3/31/2021

130-day SEC yield is a compounded and annualized figure calculated according to a formula set by the SEC. The formula requires use of a specific methodology for calculating dividends and interest earned, and expenses accrued, during the period, and reflects the maximum offering price per fund share. The standardized computation is designed to facilitate yield comparisons among different funds. In the absence of temporary expense waivers or reimbursements by the Adviser, the 30-day yield would have been 1.73%.

212 Month Trailing Distributed Yield represents all distributions for over the past 12 months, divided by the net asset value at the time of the report plus any capital gains distributed over the past year. Capital gains are added back to estimate what the fund's ending price would have been had those gains not been distributed. While the Fund endeavors to pay monthly distributions, dividends are not guaranteed and a company's future ability to pay dividends may be limited and cease at any time.

3Beta is a measure of the volatility, or systematic risk, of a security of a portfolio in comparison to the market as a whole.

4R-squared is a statistical measure that represents the percentage of a fund or security’s movement that can be explained by movements in a benchmark index.

5Standard deviation is a statistical measurement that, when applied to the annual rate of return of an investment, sheds light on the historic volatility of an investment.

Retail Class
Ticker: CHDEX
CUSIP: 230001208
Minimum Investment: $1,000
Gross Expense Ratio: 1.33%
Net Expense Ratio: 1.00%
Redemption Fee*: 2.00%
Class C
Ticker: CHVCX
CUSIP: 230001307
Minimum Investment: $1,000
Gross Expense Ratio: 2.08%
Net Expense Ratio: 1.75%
Redemption Fee*: 2.00%
Class I
Ticker: CHDVX
CUSIP: 230001406
Minimum Investment: $1,000,000
Gross Expense Ratio: 1.08%
Net Expense Ratio: 0.75%
Redemption Fee*: 2.00%
Class R1
Ticker: CHDRX
CUSIP: 230001877
Minimum Investment: None
Gross Expense Ratio: 1.58%
Net Expense Ratio: 1.50%
Redemption Fee*: 2.00%
Class R2
Ticker: CHDPX
CUSIP: 230001869
Minimum Investment: None
Gross Expense Ratio: 1.58%
Net Expense Ratio: 1.25%
Redemption Fee*: 2.00%