Cullen Emerging Markets High Dividend Fund Class I (CEMFX)

Fund Assets	2.40B
Expense Ratio	1.00%
Min. Investment	$1,000,000
Turnover	98.00%
Dividend (ttm)	0.43
Dividend Yield	2.22%
Dividend Growth	41.76%
Payout Frequency	Quarterly
Ex-Dividend Date	Sep 29, 2026

Previous Close	19.35
YTD Return	20.40%
1-Year Return	25.81%
5-Year Return	87.35%
52-Week Low	15.43
52-Week High	20.86
Beta (5Y)	0.91
Holdings	80
Inception Date	Aug 31, 2012

About CEMFX

Cullen Emerging Markets High Dividend Fund Class I is an open-end mutual fund designed to offer investors both long-term capital appreciation and current income by focusing on high-dividend paying equities in emerging markets. The fund targets undervalued companies with above-average earnings growth and robust dividend yields, typically aiming for a portfolio yield of 4.5% or higher. This institutional share class employs a disciplined value-investing approach, selecting approximately 50 to 70 holdings diversified across all major market sectors and several emerging market economies, while keeping sector and country concentrations in check. The fund’s investment process incorporates rigorous fundamental research, analyzing corporate governance, earnings momentum, and macroeconomic factors relevant to emerging economies. It seeks companies with stable balance sheets, sustainable cash flows, and superior dividend policies, while actively managing risk associated with geopolitical and currency fluctuations. With a minimum investment of $1 million and a net expense ratio of 1.00%, this fund is structured for institutional investors seeking exposure to emerging markets with a focus on income generation and value.

• Fund Family: Cullen Funds Trust
• Category: Diversified Emerging Mkts
• Performance Rating: Above Average
• Risk Rating: Average
• Stock Exchange: Nasdaq
• Ticker Symbol: CEMFX
• Share Class: Class I
• Index: Index is not available on Lipper Database

Performance

CEMFX had a total return of 25.81% in the past year, including dividends. Since the fund's inception, the average annual return has been 7.21%.

Other Share Classes

These are alternative share classes of the same fund, from the same provider.

Symbol	Share Class	Expense Ratio
CEMDX	Retail Class	1.25%
CEMGX	Class C	2.00%

Top 10 Holdings

39.45% of assets

Name	Symbol	Weight
Samsung Electronics Co., Ltd.	005930	8.20%
Taiwan Semiconductor Manufacturing Company Limited	2330	6.44%
ASE Technology Holding Co., Ltd.	3711	3.90%
Hon Hai Precision Industry Co., Ltd.	2317	3.80%
China Construction Bank Corporation	0939	3.12%
Contemporary Amperex Technology Co., Limited	300750	3.06%
Copa Holdings, S.A.	CPA	2.95%
Weichai Power Co., Ltd.	000338	2.91%
KT&G Corporation	033780	2.61%
Millicom International Cellular S.A.	TIGO	2.45%

Dividend History

Ex-Dividend	Amount	Pay Date
Sep 29, 2026	$0.1097	Sep 30, 2026
Jun 29, 2026	$0.1337	Jun 30, 2026
Mar 30, 2026	$0.0726	Mar 31, 2026
Dec 30, 2025	$0.0213	Dec 31, 2025
Dec 18, 2025	$0.0888	Dec 19, 2025
Sep 29, 2025	$0.0874	Sep 30, 2025

Data Sources: Tiingo, Twelve Data, and more

Historical data is provided by Tiingo. Delayed stock pricing data is provided by Twelve Data. Several fund data points are also provided by Finnhub.

Last checked:

Oct 15, 2026

Data Sources Report a data error