Cullen High Dividend Equity Fund Retail Class

Frequently Asked Questions About CHDEX

What does CHDEX invest in?

The Cullen High Dividend Equity Fund Retail Class aims to deliver both long-term capital appreciation and a consistent stream of current income to its investors. To achieve these objectives, it primarily allocates a minimum of 80% of its net assets—including any funds borrowed for investment—to dividend-paying equities from medium and large-capitalization companies. A distinguishing characteristic of the high-dividend stocks the fund selects is that their yield generally exceeds the average dividend yield of securities within the S&P 500® Index. Additionally, the fund has the option to invest up to 30% of its total assets in international securities.

What is the expense ratio of CHDEX?

Cullen High Dividend Equity Fund Retail Class (CHDEX) charges an expense ratio of 1.00%. This is the annual fee deducted from fund assets to cover management and operations.

What is CHDEX's dividend yield?

CHDEX's trailing-twelve-month yield is 13.15%, calculated from the sum of dividends over the past year divided by the current price.

How big is CHDEX?

Cullen High Dividend Equity Fund Retail Class (CHDEX) manages $665.5M in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure — funds below ~$50M are at higher risk of liquidation.

Is CHDEX actively managed or an index fund?

CHDEX is a passive index fund — it tracks a published benchmark by holding the constituents in their published weights. Index funds typically charge low expense ratios (CHDEX's is 1.00%) because there's no security selection cost.

When was CHDEX launched?

Cullen High Dividend Equity Fund Retail Class (CHDEX) launched in August 2003 and is managed by the fund issuer.