Cullen High Dividend Equity Fund (CHDEX)
The investment seeks long-term capital appreciation and current income. The fund invests at least 80% of its net assets, plus borrowings for investment purposes, in dividend paying common stocks of medium-capitalization companies and large-capitalization companies. As a point of comparison, a high dividend 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 S&P 500 Index. It may invest up to 30% of its assets in foreign securities.
Fund Info
US2300012083
230001208
Aug 1, 2003
$1,000
Large-Cap
Value
Expense Ratio
CHDEX 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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Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Cullen High Dividend Equity 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 High Dividend Equity Fund had a return of 8.18% year-to-date (YTD) and 9.11% in the last 12 months. Over the past 10 years, Cullen High Dividend Equity Fund had an annualized return of 6.53%, while the S&P 500 had an annualized return of 11.01%, indicating that Cullen High Dividend Equity Fund did not perform as well as the benchmark.
CHDEX
8.18%
-5.27%
2.68%
9.11%
5.37%
6.53%
^GSPC (Benchmark)
23.11%
-0.36%
7.02%
23.15%
12.80%
11.01%
Monthly Returns
The table below presents the monthly returns of CHDEX, 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 | 0.07% | 1.80% | 5.04% | -3.54% | 3.65% | -1.54% | 4.54% | 2.37% | 1.32% | -1.47% | 2.07% | 8.18% | |
| 2023 | 2.96% | -3.78% | -0.54% | 2.42% | -5.13% | 5.16% | 2.03% | -2.98% | -4.50% | -3.54% | 6.16% | 5.42% | 2.77% |
| 2022 | -1.15% | -1.89% | 2.37% | -3.73% | 2.27% | -8.40% | 4.70% | -2.99% | -7.94% | 10.93% | 6.58% | -2.80% | -3.78% |
| 2021 | 0.22% | 4.52% | 6.24% | 2.80% | 2.92% | -0.41% | 1.22% | 2.46% | -3.68% | 4.95% | -3.34% | 6.38% | 26.40% |
| 2020 | -3.65% | -10.00% | -15.15% | 8.92% | 3.84% | -0.19% | 2.30% | 3.54% | -2.77% | -3.45% | 12.09% | 3.31% | -4.36% |
| 2019 | 5.07% | 4.35% | 1.39% | -0.10% | -3.72% | 4.76% | -0.74% | -1.88% | 3.35% | 1.02% | 2.61% | 2.42% | 19.70% |
| 2018 | 3.32% | -5.30% | -0.92% | -0.27% | 0.83% | -0.38% | 5.16% | 0.59% | 0.60% | -3.84% | 3.74% | -7.88% | -5.01% |
| 2017 | 1.01% | 4.39% | 0.00% | 0.23% | 1.42% | 1.10% | 0.78% | -0.34% | 3.14% | 0.62% | 2.24% | 1.13% | 16.79% |
| 2016 | -3.40% | -0.77% | 5.83% | 0.92% | 1.63% | 3.20% | 1.84% | -0.25% | -0.84% | -2.70% | 1.79% | 3.01% | 10.34% |
| 2015 | -2.67% | 3.27% | -3.12% | 2.43% | 0.19% | -3.17% | 1.85% | -6.16% | -0.74% | 8.74% | 0.52% | -0.30% | 0.05% |
| 2014 | -3.40% | 3.97% | 1.84% | 3.42% | 0.83% | 1.47% | -1.65% | 3.07% | -1.67% | 1.90% | 2.34% | -0.71% | 11.68% |
| 2013 | 3.89% | 1.60% | 3.49% | 3.18% | 0.11% | -1.29% | 3.59% | -2.86% | 2.66% | 3.47% | 1.84% | 1.70% | 23.29% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of CHDEX is 49, indicating average performance compared to other mutual funds on our website. Here’s a breakdown of how it compares using common performance measures.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Cullen High Dividend Equity Fund (CHDEX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Cullen High Dividend Equity Fund provided a 11.45% dividend yield over the last twelve months, with an annual payout of $1.64 per share.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $1.64 | $1.69 | $1.22 | $1.83 | $1.63 | $1.07 | $2.24 | $1.83 | $0.91 | $0.84 | $1.23 | $0.37 |
Dividend yield | 11.45% | 12.45% | 8.23% | 10.94% | 11.08% | 6.24% | 14.64% | 9.93% | 5.24% | 5.05% | 7.06% | 2.23% |
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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.00 | $0.04 | $0.03 | $0.01 | $0.04 | $0.03 | $0.01 | $0.04 | $0.03 | $0.01 | $0.04 | $0.00 | $0.28 |
| 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 | $1.69 |
| 2022 | $0.01 | $0.02 | $0.06 | $0.00 | $0.03 | $0.04 | $0.01 | $0.04 | $0.04 | $0.01 | $0.04 | $0.95 | $1.22 |
| 2021 | $0.01 | $0.05 | $0.04 | $0.01 | $0.04 | $0.03 | $0.02 | $0.04 | $0.03 | $0.01 | $0.04 | $1.53 | $1.83 |
| 2020 | $0.01 | $0.05 | $0.04 | $0.01 | $0.05 | $0.02 | $0.02 | $0.04 | $0.03 | $0.01 | $0.06 | $1.28 | $1.63 |
| 2019 | $0.02 | $0.06 | $0.03 | $0.00 | $0.06 | $0.02 | $0.01 | $0.06 | $0.02 | $0.01 | $0.05 | $0.74 | $1.07 |
| 2018 | $0.00 | $0.09 | $0.04 | $0.00 | $0.06 | $0.01 | $0.00 | $0.07 | $0.02 | $0.01 | $0.05 | $1.88 | $2.24 |
| 2017 | $0.01 | $0.07 | $0.03 | $0.00 | $0.06 | $0.02 | $0.01 | $0.07 | $0.02 | $0.01 | $0.05 | $1.48 | $1.83 |
| 2016 | $0.01 | $0.08 | $0.04 | $0.01 | $0.05 | $0.02 | $0.01 | $0.07 | $0.02 | $0.02 | $0.08 | $0.50 | $0.91 |
| 2015 | $0.00 | $0.06 | $0.04 | $0.00 | $0.05 | $0.04 | $0.01 | $0.07 | $0.02 | $0.02 | $0.05 | $0.47 | $0.84 |
| 2014 | $0.00 | $0.35 | $0.03 | $0.01 | $0.05 | $0.04 | $0.01 | $0.06 | $0.04 | $0.00 | $0.04 | $0.59 | $1.23 |
| 2013 | $0.05 | $0.04 | $0.01 | $0.05 | $0.04 | $0.01 | $0.06 | $0.03 | $0.01 | $0.05 | $0.03 | $0.37 |
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.
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 868 trading sessions.
The current Cullen High Dividend Equity Fund drawdown is 6.94%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -49.12% | Nov 1, 2007 | 338 | Mar 9, 2009 | 868 | Aug 16, 2012 | 1206 |
| -37.04% | Jan 21, 2020 | 44 | Mar 23, 2020 | 222 | Feb 8, 2021 | 266 |
| -17.94% | Jan 12, 2022 | 181 | Sep 30, 2022 | 359 | Mar 7, 2024 | 540 |
| -14.97% | Jan 29, 2018 | 229 | Dec 24, 2018 | 59 | Mar 21, 2019 | 288 |
| -13.01% | Dec 29, 2014 | 166 | Aug 25, 2015 | 149 | Mar 30, 2016 | 315 |
Volatility
Volatility Chart
The current Cullen High Dividend Equity Fund volatility is 3.27%, 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.