Cullen Value Fund
SELECT A STRATEGY
Holdings/Fund Details
Top Ten Holdings as of 12/31/2019 subject to change
| Cisco Systems Inc. | |
| Bristol-Myers Squibb Co. | |
| JPMorgan Chase & Co. | |
| Merck & Co. Inc. | |
| Bank of America Corp. | |
| Medtronic PLC | |
| AT&T Inc. | |
| Citigroup Inc. | |
| Siemens AG | |
| Chubb Ltd. |
Portfolio Characteristics as of 09/30/2019
Retail
| Average P/E | 15.2 |
| Average P/B | 3.3 |
| Long-Term Debt/Capital | 37.3 |
| Weighted Average Market Cap. | $164.2 Billion |
| Median Market Cap. | $100.8 Billion |
Risk Management as of 09/30/2019
Since Inception versus the Russell 1000 Value Index:
| Beta | 0.91 |
| R-Squared | 94.11 |
| Standard Deviation (Fund) | 11.88 |
| Standard Deviation (Benchmark) | 12.64 |
Sector Breakdown as of 09/30/2019
Portfolio Allocation as of 09/30/2019
| Retail Class | |
|---|---|
| Ticker: | CVLEX |
| CUSIP: | 230001778 |
| Minimum Investment: | $1,000 |
| Gross Expense Ratio: | |
| Net Expense Ratio: | |
| Redemption Fee*: |
| Class C | |
|---|---|
| Ticker: | CVLFX |
| CUSIP: | 230001794 |
| Minimum Investment: | $1,000 |
| Gross Expense Ratio: | |
| Net Expense Ratio: | |
| Redemption Fee*: |
| Class I | |
|---|---|
| Ticker: | CVLVX |
| CUSIP: | 230001786 |
| Minimum Investment: | $1,000,000 |
| Gross Expense Ratio: | |
| Net Expense Ratio: | |
| Redemption Fee*: |