Cullen International High Dividend Fund Class Institutional (CIHIX)

Fund Assets	246.62M
Expense Ratio	1.00%
Min. Investment	$1,000,000
Turnover	n/a
Dividend (ttm)	0.55
Dividend Yield	4.46%
Dividend Growth	23.81%
Payout Frequency	Quarterly
Ex-Dividend Date	Mar 28, 2025

Previous Close	12.23
YTD Return	14.22%
1-Year Return	10.04%
5-Year Return	77.73%
52-Week Low	10.52
52-Week High	12.32
Beta (5Y)	n/a
Holdings	56
Inception Date	Dec 15, 2005

About CIHIX

The Fund's investment strategy focuses on International with 1.0% total expense ratio. The minimum amount to invest in Cullen Funds Trust: Cullen International High Dividend Fund; Class I Shares is $1,000,000 on a standard taxable account. Cullen Funds Trust: Cullen International High Dividend Fund; Class I Shares seeks current income and long-term capital appreciation. CIHIX invests, under normal circumstances, at least 80% of its net assets primarily in high dividend paying common stocks of medium- and large-capitalization companies headquartered outside the United States and in American Depository Receipts.

• Fund Family: Cullen Funds
• Category: Foreign Large Value
• Performance Rating: Average
• Risk Rating: Below Average
• Stock Exchange: NASDAQ
• Ticker Symbol: CIHIX
• Share Class: Class I
• Index: MSCI EAFE TR USD

Performance

CIHIX had a total return of 10.04% in the past year, including dividends. Since the fund's inception, the average annual return has been 4.40%.

Other Share Classes

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

Symbol	Share Class	Expense Ratio
CIHDX	Retail Class	1.25%
CIHCX	Class C	2.00%

Top 10 Holdings

34.02% of assets

Name	Symbol	Weight
Iberdrola, S.A.	IBE	3.87%
Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft in München	MUV2	3.70%
UniCredit S.p.A.	UCG	3.64%
Novartis AG ADR	NVSN.MX	3.54%
NN Group N.V.	NN	3.51%
Siemens Aktiengesellschaft	SIE	3.27%
BNP Paribas SA	BNP	3.22%
Zurich Insurance Group AG	ZURN	3.11%
SoftBank Corp.	9434	3.10%
United Overseas Bank Limited	U11	3.05%

Dividend History

Ex-Dividend	Amount	Pay Date
Mar 28, 2025	$0.05757	Mar 31, 2025
Dec 19, 2024	$0.15941	Dec 20, 2024
Sep 27, 2024	$0.17279	Sep 30, 2024
Jun 27, 2024	$0.15531	Jun 28, 2024
Mar 27, 2024	$0.07447	Mar 28, 2024
Sep 28, 2023	$0.2299	Sep 29, 2023