Cullen Emerging Markets High Dividend Fund
Cullen Funds Trust · 3 share classes
Fund classification
Classified from what the fund holds · as of 2026 Q2
Cullen Emerging Markets High Dividend Fund is an actively managed emerging-markets equity fund.
- Asset class
- Equity
- Region
- Emerging markets
- Management
- Actively managed
- Fund type
- Open-end fund
Fund profile
As filed in the prospectus · 2025 Q4
The Cullen Emerging Markets High Dividend Fund (the Emerging Markets High Dividend Fund or the Fund) seeks current income and long-term capital appreciation.
The fund invests at least 80% of assets in high dividend-paying stocks and depositary receipts of companies organized in, maintaining substantial assets in, or deriving at least 50% of revenues from emerging market countries, selecting across all capitalizations for growth potential and yields above the MSCI Emerging Markets Index average. The fund limits any single country to 30% of assets at purchase and may write covered call options to generate additional income. Because holdings are weighted roughly equally at purchase and the portfolio is not systematically rebalanced, individual security performance will drive divergence from the fund's dividend and growth objectives over time.
Portfolio turnover 118.00% · as of 2025 Q4
Allocation
Asset groups · long / short shown separately, never netted · 2026 Q2
| Stocks | 97.17% |
| Cash & short-term | 2.23% |
Derivatives are shown at market value, not notional exposure.
Latest quarter
What changed since the fund's previous filing
Largest new: LENOVO GROUP LTD, SK HYNIX INC, KIA CORP, ALLWYN AG (LU), BENEFIT SYSTEMS SA, WEICHAI POWER CO LTD, National Investment Fund Of The Republic Of Uzbekistan Joint Stock Co. (The), CHINA HONGQIAO GROUP LTD
Largest exited: SPDR Series Trust, Allwyn AG, Cyrela Brazil Realty SA Empreendimentos E Participacoes, Emaar Properties PJSC, Capitaland India Trust, KOC Holdings AG, MediaTek Inc., Emaar Development PJSC
Return profile
Total return as filed — price change plus distributions reinvested · trailing figures to Apr 2026
| Share class | 1-year | 3-year | 5-year | Vol | Worst fall |
|---|---|---|---|---|---|
| +53.59% | +95.93% | +78.20% | 21.68% | -11.59% | |
| +55.21% | +101.99% | +87.16% | 21.73% | -11.53% | |
| +54.76% | +100.46% | +84.79% | 21.70% | -11.53% | |
| — | — | — | — | — |
May 2026 and Jun 2026 have been filed since the trailing figures were struck, so they are not in the table above or the curve — every figure here shares one cut-off, which is what makes them comparable with other funds.
Holdings
By % of NAV · equity positions carry filed share counts · every resolvable issuer links to its company page
| Ticker | Issuer | %NAV | Reported price | Value | Shares |
|---|---|---|---|---|---|
| SSNLF | SAMSUNG ELECTRONICS CO LTDSSNLF | 8.20% | $215.93 | $181.85M | 842.1K |
| TSMWF | TAIWAN SEMICONDUCTOR MANUFACTURING COMPANY LTDTSMWF | 6.44% | $75.74 | $142.96M | 1.9M |
| — | ASE TECHNOLOGY HOLDING CO LTD | 3.90% | $21.37 | $86.63M | 4.1M |
| HNHAF | HON HAI PRECISION INDUSTRY COMPANY LTDHNHAF | 3.80% | $7.89 | $84.24M | 10.7M |
| — | CHINA CONSTRUCTION BANK CORP | 3.13% | $1.03 | $69.34M | 67.4M |
| — | CONTEMPORARY AMPEREX TECHNOLOGY CO LTD | 3.06% | $57.92 | $68.00M | 1.2M |
| CPA | COPA HOLDINGS SACPA | 2.95% | $155.57 | $65.40M | 420.4K |
| — | WEICHAI POWER CO LTD | 2.91% | $4.02 | $64.64M | 16.1M |
| — | KT&G CORP | 2.61% | $109.71 | $57.97M | 528.4K |
| TIGO | MILLICOM INTERNATIONAL CELLULAR SATIGO | 2.45% | $90.76 | $54.29M | 598.1K |
Reported price is the fund's own reported value divided by its own reported shares at 2026-06-30 — not a live quote, and not what the fund paid.
Top 10 positions are 39.45% of net assets, top 25 68.84%, across 72 issuers.
See more of this fund's book
More positions with filed share counts, and the quarter-over-quarter change list rather than the largest few — free with an account, no card required.
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