About ENHNX
Cullen Enhanced Equity Income Fund Class I is an institutional mutual fund focused on generating both current income and long-term capital appreciation. Managed by Cullen Capital Management, the fund employs a distinctive strategy: it primarily invests in a portfolio of undervalued, large-cap companies with above-average dividend yields and strong earnings growth potential. To supplement income, the fund selectively writes covered call options on approximately 25-40% of its equity holdings, capturing option premiums to enhance yield. This blend of high-dividend equities and option writing aims to deliver a robust portfolio yield, targeting a gross yield above 7% through combined dividend and call premium income. The fund may allocate up to 30% of its assets to foreign securities, often using American Depositary Receipts, and can also include other equity-linked instruments. With a net expense ratio of 0.75% and a minimum investment of $1,000,000, this class is designed for institutional investors seeking diversified equity exposure, attractive income, and reduced volatility relative to traditional equity strategies. The fund tracks the S&P 500 Buywrite Index as its benchmark, reflecting its focus on derivative income generation within a value-oriented framework.
Fund Family Cullen Funds Trust
Category Derivative Income
Performance Rating Below Average
Risk Rating Above Average
Stock Exchange NASDAQ
Ticker Symbol ENHNX
Share Class Class I
Index CBOE S&P 500 Buywrite (BXM)
ENHNX had a total return of 6.30% in the past year, including dividends. Since the fund's
inception, the average annual return has been 7.11%.
