- ISIN
- US2300012083
- CUSIP
- 230001208
- Issuer
- Cullen Funds Trust
- Inception Date
- Aug 1, 2003
- Category
- Large Cap Value Equities
- Min. Investment
- $1,000
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Large-Cap
- Asset Class Style
- Value
Share Price Chart
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Performance
CHDEX Performance Chart
Cullen High Dividend Equity Fund (CHDEX) is up 8.4% since the beginning of the year. CHDEX is currently trading at $14 per share. Investors who bought $1,000 worth of CHDEX shares 5 years ago would now be looking at an investment worth $1,676.
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Returns By Period
Cullen High Dividend Equity Fund (CHDEX) has returned 8.42% so far this year and 21.37% over the past 12 months. Over the last ten years, CHDEX has returned 9.81% per year, falling short of the S&P 500 Index benchmark, which averaged 13.88% annually.
Cullen High Dividend Equity Fund
- 1D
- -0.42%
- 1M
- -0.55%
- YTD
- 8.42%
- 6M
- 8.33%
- 1Y
- 21.37%
- 3Y*
- 16.32%
- 5Y*
- 10.88%
- 10Y*
- 9.81%
Benchmark (S&P 500 Index)
- 1D
- -0.37%
- 1M
- -0.01%
- YTD
- 9.16%
- 6M
- 8.64%
- 1Y
- 25.22%
- 3Y*
- 19.78%
- 5Y*
- 11.99%
- 10Y*
- 13.88%
CHDEX Monthly Returns History
Based on dividend-adjusted daily data since Aug 5, 2003, CHDEX's average daily return is +0.04%, while the average monthly return is +0.78%. At this rate, an investment would double in approximately 7.4 years.
Historically, 65% of months were positive and 35% were negative. The best month was Nov 2020 with a return of +12.1%, while the worst month was Mar 2020 at -15.2%. The longest winning streak lasted 9 consecutive months, and the longest losing streak was 5 months.
On a daily basis, CHDEX closed higher 52% of trading days. The best single day was Jan 30, 2024 with a return of +10.9%, while the worst single day was Mar 16, 2020 at -11.6%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 4.12% | 3.33% | -3.88% | 4.16% | 0.09% | 0.57% | 8.42% | ||||||
| 2025 | 2.96% | 2.47% | -1.06% | -3.10% | 3.22% | 3.22% | 1.00% | 4.61% | 0.60% | -0.44% | 2.82% | 0.65% | 18.04% |
| 2024 | 10.77% | 1.80% | 5.04% | -3.54% | 3.65% | -1.54% | 4.54% | 2.36% | 1.32% | -1.47% | 2.07% | -5.03% | 20.77% |
| 2023 | 2.96% | -3.77% | -0.54% | 2.42% | -5.14% | 5.16% | 2.03% | -2.98% | -4.50% | -3.54% | 6.16% | 5.42% | 2.76% |
| 2022 | -1.15% | -1.89% | 2.37% | -1.13% | -0.61% | -8.63% | 4.65% | -2.99% | -8.19% | 10.93% | 6.58% | -2.79% | -4.50% |
| 2021 | 0.22% | 4.52% | 6.24% | 2.81% | 2.92% | -0.41% | 1.22% | 2.46% | -3.68% | 4.89% | -3.34% | 6.38% | 26.34% |
Benchmark Metrics
Cullen High Dividend Equity Fund has an annualized alpha of 1.54%, beta of 0.77, and R2 of 0.82 versus S&P 500 Index. Calculated based on daily prices since August 05, 2003.
- This fund participates in less of S&P 500 Index's moves in both directions, but captures a larger share of gains (81.59%) than losses (81.32%) - typical of diversified or defensive assets.
- Alpha
- 1.54%
- Beta
- 0.77
- R²
- 0.82
- Upside Capture
- 81.59%
- Downside Capture
- 81.32%
Expense Ratio
CHDEX has a high expense ratio of 1.00%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
CHDEX ranks 72 for risk / return — better than 72% of mutual funds on our site. You're getting solid returns for the risk taken. A good sign, especially for investors who want growth without excessive volatility.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Cullen High Dividend Equity Fund (CHDEX) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| CHDEX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.29 | ||
| Sortino ratioReturn per unit of downside risk | +0.61 | ||
| Omega ratioGain probability vs. loss probability | 1.40 | 1.37 | +0.04 |
| Calmar ratioReturn relative to maximum drawdown | 3.34 | 2.78 | +0.56 |
| Martin ratioReturn relative to average drawdown | 12.08 | 12.44 | -0.36 |
Dividends
Dividend History
Cullen High Dividend Equity Fund provided a 14.06% dividend yield over the last twelve months, with an annual payout of $1.98 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $1.98 | $1.99 | $3.26 | $1.68 | $1.11 | $1.82 | $1.63 | $1.07 | $2.16 | $1.83 | $0.91 | $0.84 |
Dividend yield | 14.06% | 15.18% | 25.41% | 12.44% | 7.46% | 10.89% | 11.08% | 6.24% | 14.14% | 9.93% | 5.24% | 5.05% |
Monthly Dividends
The table displays the monthly dividend distributions for Cullen High Dividend Equity 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.01 | $0.04 | $0.01 | $0.02 | $0.00 | $0.09 | ||||||
| 2025 | $0.00 | $0.04 | $0.02 | $0.01 | $0.04 | $0.03 | $0.01 | $0.03 | $0.02 | $0.02 | $0.03 | $1.77 | $1.99 |
| 2024 | $1.32 | $0.04 | $0.03 | $0.01 | $0.04 | $0.03 | $0.01 | $0.04 | $0.03 | $0.01 | $0.04 | $1.66 | $3.26 |
| 2023 | $0.00 | $0.05 | $0.06 | $0.00 | $0.04 | $0.04 | $0.01 | $0.04 | $0.03 | $0.01 | $0.03 | $1.37 | $1.68 |
| 2022 | $0.01 | $0.02 | $0.06 | $0.00 | $0.00 | $0.00 | $0.00 | $0.04 | $0.00 | $0.01 | $0.04 | $0.95 | $1.11 |
| 2021 | $0.01 | $0.05 | $0.04 | $0.01 | $0.04 | $0.03 | $0.02 | $0.04 | $0.03 | $0.00 | $0.04 | $1.53 | $1.82 |
Drawdowns
Drawdowns Chart
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.
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Worst Drawdowns
The table below displays the maximum drawdowns of the Cullen High Dividend Equity 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 High Dividend Equity Fund was 49.12%, occurring on Mar 9, 2009. Recovery took 888 trading sessions.
The current Cullen High Dividend Equity Fund drawdown is 1.47%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Financial crisis2007–2009 | -49.12%Mar 2009 | 1y 4mo | 3y 6mo | 4y 10moNov 2007 - Sep 2012 |
COVID crash2020 | -37.04%Mar 2020 | 2mo 2d | 10mo 22d | 1y 19dJan 2020 - Feb 2021 |
Bear market2022 | -18.57%Sep 2022 | 8mo 21d | 1y 4mo | 2y 18dJan 2022 - Jan 2024 |
Rate-hike selloffLate 2018 | -15.32%Dec 2018 | 10mo 29d | 3mo 8d | 1y 2moJan 2018 - Apr 2019 |
2015 correction2015 | -13.01%Aug 2015 | 7mo 29d | 7mo 8d | 1y 3moDec 2014 - Mar 2016 |
Drawdown Indicators
| CHDEX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -49.12% | -56.78% | +7.66% |
Max Drawdown (1Y)Largest decline over 1 year | -6.45% | -9.10% | +2.65% |
Max Drawdown (3Y)Largest decline over 3 years | -12.90% | -18.90% | +6.00% |
Max Drawdown (5Y)Largest decline over 5 years | -18.57% | -25.43% | +6.86% |
Max Drawdown (10Y)Largest decline over 10 years | -37.04% | -33.92% | -3.12% |
Current DrawdownCurrent decline from peak | -1.47% | -1.80% | +0.33% |
Average DrawdownAverage peak-to-trough decline | -6.74% | -10.71% | +3.97% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.78% | 2.03% | -0.25% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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