Cullen Emerging Markets High Dividend Fund (CEMFX)

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Cullen Emerging Markets High Dividend Fund (CEMFX) is up 25.6% since the beginning of the year. CEMFX is currently trading at $20 per share. Investors who bought $1,000 worth of CEMFX shares 5 years ago would now be looking at an investment worth $1,886.

Cullen Emerging Markets High Dividend Fund (CEMFX) has returned 25.58% so far this year and 52.64% over the past 12 months. Over the last ten years, CEMFX has returned 11.30% per year, falling short of the S&P 500 Index benchmark, which averaged 13.88% annually.

Based on dividend-adjusted daily data since Jan 2, 2013, CEMFX's average daily return is +0.03%, while the average monthly return is +0.73%. At this rate, an investment would double in approximately 7.9 years.

Historically, 57% of months were positive and 43% were negative. The best month was Jan 2026 with a return of +12.1%, while the worst month was Mar 2020 at -19.0%. The longest winning streak lasted 13 consecutive months, and the longest losing streak was 5 months.

On a daily basis, CEMFX closed higher 51% of trading days. The best single day was Mar 24, 2020 with a return of +4.9%, while the worst single day was Mar 16, 2020 at -9.5%.

Cullen Emerging Markets High Dividend Fund has an annualized alpha of 0.82%, beta of 0.56, and R2 of 0.43 versus S&P 500 Index. Calculated based on daily prices since January 02, 2013.

• This fund participated in 88.14% of S&P 500 Index downside but only 69.92% of its upside - more exposed to losses than it benefited from rallies.
• Beta of 0.56 may look defensive, but with R2 of 0.43 this fund is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this fund's risk.
• R2 of 0.43 means the benchmark explains less than half of this fund's behavior - treat beta with caution or consider switching to a more representative benchmark.

CEMFX has a high expense ratio of 1.00%, indicating above-average management fees.

CEMFX ranks 89 for risk / return — in the top 89% of mutual funds on our site. This means strong returns relative to risk — exactly what professional investors look for. Well-suited for investors who want to maximize return per unit of risk.

Cullen Emerging Markets High Dividend Fund provided a 1.73% dividend yield over the last twelve months, with an annual payout of $0.35 per share.

The table displays the monthly dividend distributions for Cullen Emerging Markets High Dividend Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.

The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.

The table below displays the maximum drawdowns of the Cullen Emerging Markets High Dividend Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.

The maximum drawdown for the Cullen Emerging Markets High Dividend Fund was 39.30%, occurring on Mar 23, 2020. Recovery took 198 trading sessions.

The current Cullen Emerging Markets High Dividend Fund drawdown is 2.64%.

The chart below shows the rolling one-month volatility.