Cullen International High Dividend Fund

Holdings/Fund Details

Top Ten Holdings as of 12/31/2019 subject to change

BNP Paribas SA3.42%
Smurfit Kappa Group PLC3.12%
Zurich Insurance Group AG3.10%
GlaxoSmithKline PLC3.07%
Novartis AG3.07%
UPM-Kymmene Oyj3.02%
Nestle SA3.00%
ABB Ltd.2.99%
Muenchener Rueckversicherungs-Gesellschaft AG in Muenchen2.98%
Toyota Motor Corp.2.96%

Portfolio Characteristics as of 12/31/2019


Average P/E 14.93
30 Day SEC Yield1 2.66%
30-Day Unsubsidized SEC Yield1 2.41%
12 Month Trailing Distributed Yield2 3.30%
Weighted Average Market Cap. 87.6
Median Market Cap. 52.4
Long-Term EPS Growth 9.8

Top 5 Countries as of 12/31/2019

United Kingdom 18.5%
Switzerland 16.0%
France 13.6%
Germany 8.4%
Japan 5.9%

Sector Breakdownas of 12/31/2019

Portfolio Allocation as of 12/31/2019

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 2.41%.

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.

Retail Class
Ticker: CIHDX
CUSIP: 230001505
Minimum Investment: $1,000
Gross Expense Ratio: 1.54%
Net Expense Ratio: 1.25%
Redemption Fee*: 2.00%
Class C
Ticker: CIHCX
CUSIP: 230001604
Minimum Investment: $1,000
Gross Expense Ratio: 2.29%
Net Expense Ratio: 2.00%
Redemption Fee*: 2.00%
Class I
Ticker: CIHIX
CUSIP: 230001703
Minimum Investment: $1,000,000
Gross Expense Ratio: 1.29%
Net Expense Ratio: 1.00%
Redemption Fee*: 2.00%
Class R1
Ticker: CIHRX
CUSIP: 230001802
Minimum Investment: None
Gross Expense Ratio: 1.80%
Net Expense Ratio: 1.75%
Redemption Fee*: 2.00%
Class R2
Ticker: CIHPX
CUSIP: 230001885
Minimum Investment: None
Gross Expense Ratio: 1.54%
Net Expense Ratio: 1.50%
Redemption Fee*: 2.00%