- ISIN
- US2300017298
- CUSIP
- 230001729
- Issuer
- Cullen Funds Trust
- Inception Date
- Dec 14, 2015
- Category
- Derivative Income
- Min. Investment
- $1,000,000
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Large-Cap
- Asset Class Style
- Value
Share Price Chart
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Performance
ENHNX Performance Chart
Cullen Enhanced Equity Income Fund (ENHNX) is up 7.2% since the beginning of the year. ENHNX is currently trading at $11 per share. Investors who bought $1,000 worth of ENHNX shares 5 years ago would now be looking at an investment worth $1,283.
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Returns By Period
Cullen Enhanced Equity Income Fund (ENHNX) has returned 7.20% so far this year and 12.20% over the past 12 months. Over the last ten years, ENHNX has returned 6.88% per year, falling short of the S&P 500 Index benchmark, which averaged 13.88% annually.
Cullen Enhanced Equity Income Fund
- 1D
- -0.36%
- 1M
- -1.43%
- YTD
- 7.20%
- 6M
- 6.79%
- 1Y
- 12.20%
- 3Y*
- 7.17%
- 5Y*
- 5.11%
- 10Y*
- 6.88%
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%
ENHNX Monthly Returns History
Based on dividend-adjusted daily data since Jan 4, 2016, ENHNX's average daily return is +0.03%, while the average monthly return is +0.66%. At this rate, an investment would double in approximately 8.8 years.
Historically, 60% of months were positive and 40% were negative. The best month was Nov 2020 with a return of +12.4%, while the worst month was Mar 2020 at -12.2%. The longest winning streak lasted 5 consecutive months, and the longest losing streak was 3 months.
On a daily basis, ENHNX closed higher 50% of trading days. The best single day was Mar 24, 2020 with a return of +9.7%, while the worst single day was Mar 16, 2020 at -10.1%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 4.22% | 4.05% | -3.84% | 2.71% | 1.09% | -0.99% | 7.20% | ||||||
| 2025 | 3.02% | 2.55% | -1.29% | -5.05% | 0.89% | 2.95% | -0.48% | 3.19% | -1.52% | -2.42% | 3.37% | 1.22% | 6.20% |
| 2024 | 0.59% | -0.29% | 4.96% | -2.37% | 1.26% | -1.27% | 4.83% | 2.73% | 1.38% | -1.19% | 3.24% | -6.59% | 6.89% |
| 2023 | 3.91% | -3.50% | -0.90% | 2.38% | -6.22% | 4.17% | 2.22% | -3.30% | -3.66% | -2.79% | 5.20% | 4.35% | 0.99% |
| 2022 | 1.67% | -1.30% | 2.18% | -1.40% | 0.89% | -9.79% | 4.79% | -2.80% | -8.73% | 9.15% | 6.84% | -1.73% | -1.98% |
| 2021 | -0.40% | 4.88% | 6.80% | 1.98% | 3.17% | -0.44% | 0.70% | 1.38% | -2.92% | 2.94% | -3.98% | 6.28% | 21.67% |
Benchmark Metrics
Cullen Enhanced Equity Income Fund has an annualized alpha of -1.93%, beta of 0.72, and R2 of 0.71 versus S&P 500 Index. Calculated based on daily prices since January 04, 2016.
- This fund participated in 81.86% of S&P 500 Index downside but only 63.83% of its upside - more exposed to losses than it benefited from rallies.
- Alpha
- -1.93%
- Beta
- 0.72
- R²
- 0.71
- Upside Capture
- 63.83%
- Downside Capture
- 81.86%
Expense Ratio
ENHNX has an expense ratio of 0.75%, placing it in the medium range.
Return for Risk
Risk / Return Rank
ENHNX ranks 24 for risk / return — below 24% of mutual funds on our site. The returns aren't fully compensating for the risk involved. This isn't necessarily a dealbreaker, but factor it into your decision — especially if you're risk-averse.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Cullen Enhanced Equity Income Fund (ENHNX) 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.
| ENHNX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.76 | ||
| Sortino ratioReturn per unit of downside risk | -0.85 | ||
| Omega ratioGain probability vs. loss probability | 1.21 | 1.37 | -0.15 |
| Calmar ratioReturn relative to maximum drawdown | 2.02 | 2.78 | -0.77 |
| Martin ratioReturn relative to average drawdown | 5.02 | 12.44 | -7.42 |
Dividends
Dividend History
Cullen Enhanced Equity Income Fund provided a 5.74% dividend yield over the last twelve months, with an annual payout of $0.63 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.63 | $0.46 | $0.61 | $0.63 | $0.41 | $0.88 | $0.59 | $0.60 | $0.61 | $0.73 | $0.79 |
Dividend yield | 5.74% | 4.38% | 5.99% | 6.22% | 3.82% | 7.77% | 5.86% | 5.69% | 6.45% | 6.82% | 7.67% |
Monthly Dividends
The table displays the monthly dividend distributions for Cullen Enhanced Equity Income 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 | $0.00 | $0.17 | $0.00 | $0.00 | $0.00 | $0.17 | ||||||
| 2025 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.16 | $0.00 | $0.00 | $0.16 | $0.00 | $0.00 | $0.14 | $0.46 |
| 2024 | $0.00 | $0.00 | $0.15 | $0.00 | $0.00 | $0.16 | $0.00 | $0.00 | $0.16 | $0.00 | $0.00 | $0.14 | $0.61 |
| 2023 | $0.00 | $0.00 | $0.14 | $0.00 | $0.00 | $0.14 | $0.00 | $0.00 | $0.19 | $0.00 | $0.00 | $0.16 | $0.63 |
| 2022 | $0.00 | $0.00 | $0.24 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.17 | $0.41 |
| 2021 | $0.00 | $0.00 | $0.12 | $0.00 | $0.00 | $0.15 | $0.00 | $0.00 | $0.17 | $0.00 | $0.00 | $0.45 | $0.88 |
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 Enhanced Equity Income 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 Enhanced Equity Income Fund was 35.59%, occurring on Mar 23, 2020. Recovery took 172 trading sessions.
The current Cullen Enhanced Equity Income Fund drawdown is 2.65%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
COVID crash2020 | -35.59%Mar 2020 | 2mo 20d | 8mo 6d | 10mo 26dJan 2020 - Nov 2020 |
Bear market2022 | -18.30%Sep 2022 | 5mo 12d | 1y 7mo | 2y 24dApr 2022 - May 2024 |
Rate-hike selloffLate 2018 | -13.63%Dec 2018 | 10mo 29d | 2mo 24d | 1y 1moJan 2018 - Mar 2019 |
2025 selloff2025 | -13.60%Apr 2025 | 4mo 7d | 9mo 2d | 1y 1moDec 2024 - Jan 2026 |
2016 pullback2016 | -7.27%Jan 2016 | 14d | 1mo 17d | 2mo 1dJan 2016 - Mar 2016 |
Drawdown Indicators
| ENHNX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.59% | -56.78% | +21.19% |
Max Drawdown (1Y)Largest decline over 1 year | -6.34% | -9.10% | +2.76% |
Max Drawdown (3Y)Largest decline over 3 years | -13.60% | -18.90% | +5.30% |
Max Drawdown (5Y)Largest decline over 5 years | -18.30% | -25.43% | +7.13% |
Max Drawdown (10Y)Largest decline over 10 years | -35.59% | -33.92% | -1.67% |
Current DrawdownCurrent decline from peak | -2.65% | -1.80% | -0.85% |
Average DrawdownAverage peak-to-trough decline | -4.05% | -10.71% | +6.66% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.55% | 2.03% | +0.52% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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