Cullen Value Fund

Holdings/Fund Details

Top Ten Holdings as of 12/31/2018 subject to change

Microsoft Corp.4.64%
Cisco Systems Inc.4.07%
Pfizer Inc.3.71%
JPMorgan Chase & Co.3.54%
Merck & Co. Inc.3.33%
Chubb Ltd.3.09%
Chevron Corp.3.05%
Medtronic PLC3.05%
Mondelez International Inc.3.04%
Thermo Fisher Scientific Inc.2.90%

Portfolio Characteristics as of 12/31/2018


Average P/E 13.9
Average P/B 3
Long-Term Debt/Capital 36.1
Weighted Average Market Cap. $162.9 Billion
Median Market Cap. $94.3 Billion

Risk Management as of 12/31/2018

Since Inception versus the Russell 1000 Value Index:

Beta 0.91
R-Squared 93.98
Standard Deviation (Fund) 11.94
Standard Deviation (Benchmark) 12.7

Sector Breakdown as of 12/31/2018

Portfolio Allocation as of 12/31/2018

Retail Class
Ticker: CVLEX
CUSIP: 230001778
Minimum Investment: $1,000
Gross Expense Ratio: 2.05%
Net Expense Ratio: 1.01%
Redemption Fee*:-
Class C
Ticker: CVLFX
CUSIP: 230001794
Minimum Investment: $1,000
Gross Expense Ratio: 2.79%
Net Expense Ratio: 1.76%
Redemption Fee*:-
Class I
Ticker: CVLVX
CUSIP: 230001786
Minimum Investment: $1,000,000
Gross Expense Ratio: 1.81%
Net Expense Ratio: 0.76%
Redemption Fee*:-