Cullen Emerging Markets High Dividend Fund (CEMFX)
The investment seeks current income and long-term capital appreciation. The fund invests at least 80% of its net assets, plus borrowings for investment purposes, in high-dividend paying securities of companies across all capitalizations that are organized in, maintain at least 50% of their assets in, or derive at least 50% of their revenues from, emerging market countries. As a point of comparison, a high dividend paying common stock that the fund would invest in would generally have a dividend yield greater than the average dividend yield of the equity securities in the MSCI Emerging Markets Index.
Fund Info
| ISIN | US2300017520 |
|---|---|
| CUSIP | 230001752 |
| Issuer | Cullen Funds Trust |
| Inception Date | Aug 30, 2012 |
| Category | Emerging Markets Diversified |
| Min. Investment | $1,000,000 |
| Asset Class | Multi-Asset |
Asset Class Size | Large-Cap |
Asset Class Style | Value |
Expense Ratio
CEMFX has a high expense ratio of 1.00%, indicating higher-than-average management fees.
Share Price Chart
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Compare to other instruments
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Popular comparisons: CEMFX vs. FTEC, CEMFX vs. KNG, CEMFX vs. STAG
Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Cullen Emerging Markets High Dividend Fund, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
Cullen Emerging Markets High Dividend Fund had a return of 13.14% year-to-date (YTD) and 32.81% in the last 12 months. Over the past 10 years, Cullen Emerging Markets High Dividend Fund had an annualized return of 5.44%, while the S&P 500 had an annualized return of 10.99%, indicating that Cullen Emerging Markets High Dividend Fund did not perform as well as the benchmark.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | 13.14% | 11.18% |
| 1 month | 7.87% | 5.60% |
| 6 months | 21.06% | 17.48% |
| 1 year | 32.81% | 26.33% |
| 5 years (annualized) | 10.61% | 13.16% |
| 10 years (annualized) | 5.44% | 10.99% |
Monthly Returns
The table below presents the monthly returns of CEMFX, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | 1.35% | 4.24% | 2.47% | -0.39% | 13.14% | ||||||||
| 2023 | 10.13% | -4.14% | 2.60% | -0.56% | -0.09% | 5.70% | 6.55% | -3.93% | -2.03% | -3.59% | 8.30% | 6.15% | 26.43% |
| 2022 | -1.43% | -3.58% | -0.43% | -4.55% | 2.71% | -8.99% | 1.53% | -1.20% | -7.48% | 1.23% | 11.60% | -1.75% | -13.02% |
| 2021 | -1.05% | 4.50% | 1.45% | 2.92% | 1.70% | -0.19% | -2.50% | 1.74% | -3.96% | 1.89% | -3.29% | 3.75% | 6.74% |
| 2020 | -3.88% | -5.00% | -19.02% | 9.17% | 0.58% | 4.14% | 6.10% | 0.73% | -0.68% | 0.11% | 12.02% | 7.99% | 8.70% |
| 2019 | 8.16% | 1.57% | 1.50% | 0.96% | -5.79% | 5.24% | -1.36% | -4.42% | 2.18% | 5.20% | -0.97% | 6.90% | 19.75% |
| 2018 | 7.59% | -3.61% | -1.37% | -2.79% | -1.13% | -6.32% | 2.36% | -2.12% | -0.69% | -9.03% | 2.64% | -2.88% | -16.90% |
| 2017 | 4.85% | 2.67% | 2.25% | 1.08% | 3.30% | 1.80% | 3.54% | 0.63% | 0.39% | 2.45% | 1.06% | 2.44% | 29.82% |
| 2016 | -5.31% | -0.12% | 10.58% | 0.95% | -1.57% | 2.00% | 4.11% | 1.22% | 1.78% | -1.39% | -4.64% | -0.62% | 6.24% |
| 2015 | 0.57% | 3.38% | -1.82% | 7.12% | -1.90% | -3.11% | -6.23% | -8.31% | -1.35% | 4.13% | -1.61% | -1.19% | -10.75% |
| 2014 | -6.49% | 3.56% | 2.34% | 0.64% | 3.99% | 1.90% | 0.86% | 4.10% | -6.21% | 0.18% | -1.86% | -3.63% | -1.39% |
| 2013 | 1.57% | 1.18% | 0.04% | 1.53% | -0.44% | -5.34% | 0.57% | -3.67% | 4.65% | 4.80% | -0.90% | 0.74% | 4.36% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current risk-adjusted rank of CEMFX is 91, placing it in the top 9% of mutual funds on our website in terms of risk-adjusted performance. This ranking is based on the combined values of the indicators listed below.
CEMFX (Cullen Emerging Markets High Dividend Fund)
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Cullen Emerging Markets High Dividend Fund (CEMFX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Cullen Emerging Markets High Dividend Fund granted a 3.75% dividend yield in the last twelve months. The annual payout for that period amounted to $0.50 per share.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.50 | $0.55 | $0.48 | $0.31 | $0.24 | $0.45 | $0.21 | $0.42 | $0.34 | $0.42 | $0.37 | $0.17 |
Dividend yield | 3.75% | 4.67% | 4.81% | 2.62% | 2.13% | 4.16% | 2.26% | 3.59% | 3.65% | 4.60% | 3.53% | 1.57% |
Monthly Dividends
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.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | |||||||
| 2023 | $0.00 | $0.00 | $0.05 | $0.00 | $0.00 | $0.18 | $0.00 | $0.00 | $0.15 | $0.00 | $0.00 | $0.17 | $0.55 |
| 2022 | $0.00 | $0.00 | $0.07 | $0.00 | $0.00 | $0.18 | $0.00 | $0.00 | $0.18 | $0.00 | $0.00 | $0.05 | $0.48 |
| 2021 | $0.00 | $0.00 | $0.04 | $0.00 | $0.00 | $0.12 | $0.00 | $0.00 | $0.15 | $0.00 | $0.00 | $0.00 | $0.31 |
| 2020 | $0.00 | $0.00 | $0.04 | $0.00 | $0.00 | $0.09 | $0.00 | $0.00 | $0.09 | $0.00 | $0.00 | $0.02 | $0.24 |
| 2019 | $0.00 | $0.00 | $0.08 | $0.00 | $0.00 | $0.12 | $0.00 | $0.00 | $0.15 | $0.00 | $0.00 | $0.09 | $0.45 |
| 2018 | $0.00 | $0.00 | $0.02 | $0.00 | $0.00 | $0.05 | $0.00 | $0.00 | $0.15 | $0.00 | $0.00 | $0.00 | $0.21 |
| 2017 | $0.00 | $0.00 | $0.01 | $0.00 | $0.00 | $0.10 | $0.00 | $0.00 | $0.20 | $0.00 | $0.00 | $0.10 | $0.42 |
| 2016 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.09 | $0.00 | $0.00 | $0.13 | $0.00 | $0.00 | $0.12 | $0.34 |
| 2015 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.10 | $0.00 | $0.00 | $0.30 | $0.00 | $0.00 | $0.02 | $0.42 |
| 2014 | $0.00 | $0.00 | $0.03 | $0.00 | $0.00 | $0.10 | $0.00 | $0.00 | $0.19 | $0.00 | $0.00 | $0.06 | $0.37 |
| 2013 | $0.02 | $0.00 | $0.00 | $0.04 | $0.00 | $0.00 | $0.09 | $0.00 | $0.00 | $0.02 | $0.17 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way.
Worst Drawdowns
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.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -39.3% | Jan 29, 2018 | 541 | Mar 23, 2020 | 198 | Jan 4, 2021 | 739 |
| -30.24% | Sep 4, 2014 | 348 | Jan 21, 2016 | 375 | Jul 18, 2017 | 723 |
| -25.45% | Jun 15, 2021 | 338 | Oct 14, 2022 | 193 | Jul 25, 2023 | 531 |
| -12.51% | May 9, 2013 | 78 | Aug 28, 2013 | 181 | May 19, 2014 | 259 |
| -9.6% | Aug 1, 2023 | 62 | Oct 26, 2023 | 33 | Dec 13, 2023 | 95 |
Volatility
Volatility Chart
The current Cullen Emerging Markets High Dividend Fund volatility is 2.11%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.