CEMDX Performance — Cullen Emerging Markets High Dividend Fund, Retail Class
Data updated: 2026-09-11
CEMDX returned +21.09% year to date and +42.15% over one year to Jun 2026. Annualised returns are +24.41% over 3 years and +13.06% over 5 years. The fund beat its Emerging Markets Equity category average: $100 invested three years ago grew to $193, against $179 for the category, and to $142 over one year, against $141. Volatility over the past three years was 16.26% a year. In the 12 months to Jun 2026 the fund took in a net $519.9M, and assets reached $2.22B.
CEMDX Growth of $100
What $100 invested in Cullen Emerging Markets High Dividend Fund grew to, compounded from monthly returns reported on SEC Form N-PORT, against the Emerging Markets Equity category average over the same months.
| Period | CEMDX | Category average |
|---|---|---|
| 1 year (Jul 2025 – Jun 2026) | $142 | $141 |
| 3 years (Jul 2023 – Jun 2026) | $193 | $179 |
| 5 years (Jul 2021 – Jun 2026) | $185 | $144 |
| Since data start (Jul 2019 – Jun 2026) | $235 | $195 |
CEMDX Trailing Returns
Total returns to Jun 2026, from SEC N-PORT.
| Period | Total return |
|---|---|
| YTD | +21.09% |
| 1 year | +42.15% |
| 3 years (annualised) | +24.41% |
| 5 years (annualised) | +13.06% |
CEMDX Annual Returns
Calendar-year total returns of Cullen Emerging Markets High Dividend Fund, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2026 (Jan–Jun) | +21.09% |
| 2025 | +31.21% |
| 2024 | +9.20% |
| 2023 | +26.08% |
| 2022 | −13.22% |
| 2021 | +6.52% |
| 2020 | +8.36% |
| 2019 (Jul–Dec) | +7.23% |
CEMDX Monthly Returns
Monthly total returns as reported on SEC Form N-PORT.
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | +12.1% | +8.0% | −11.5% | +11.5% | +6.1% | −4.4% | — | — | — | — | — | — |
| 2025 | −0.5% | −1.1% | +3.1% | −0.3% | +5.7% | +4.5% | +1.9% | +2.8% | +7.1% | +3.6% | −1.8% | +2.7% |
| 2024 | +1.3% | +4.2% | +2.5% | −0.5% | +1.5% | +1.1% | −0.5% | −0.4% | +2.9% | −2.2% | −1.7% | +0.8% |
| 2023 | +10.0% | −4.1% | +2.6% | −0.6% | −0.1% | +5.7% | +6.4% | −3.9% | −2.0% | −3.6% | +8.3% | +6.1% |
| 2022 | −1.5% | −3.6% | −0.4% | −4.6% | +2.7% | −9.0% | +1.5% | −1.3% | −7.4% | +1.1% | +11.6% | −1.7% |
| 2021 | −1.1% | +4.5% | +1.4% | +2.9% | +1.7% | −0.3% | −2.5% | +1.8% | −4.0% | +1.8% | −3.2% | +3.7% |
| 2020 | −4.0% | −5.0% | −19.0% | +9.2% | +0.6% | +4.1% | +6.0% | +0.7% | −0.8% | +0.1% | +11.9% | +8.1% |
| 2019 | — | — | — | — | — | — | −1.5% | −4.3% | +2.1% | +5.1% | −1.0% | +7.0% |
CEMDX Risk
Risk measures from monthly returns over Jul 2023 – Jun 2026.
- 3-year volatility (annualised): 16.26%
- 3-year Sharpe ratio: 1.22 (vs 4.5% risk-free rate)
- Best month: +12.12% (Jan 2026)
- Worst month: −11.53% (Mar 2026)
CEMDX Fund Flows
Monthly money in and out of Cullen Emerging Markets High Dividend Fund, from SEC Form N-PORT.
- 12-month net flow: $519.9M
- 12-month gross sales (incl. reinvestments): $987.8M
- Sales ÷ redemptions: 2.11×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| Jun 2026 | $80.3M | $34.9M | $45.4M |
| May 2026 | $61.4M | $34.7M | $26.7M |
| Apr 2026 | $72.0M | $43.3M | $28.7M |
| Mar 2026 | $91.0M | $45.9M | $45.1M |
| Feb 2026 | $144.2M | $46.5M | $97.7M |
| Jan 2026 | $113.0M | $98.7M | $14.2M |
| Dec 2025 | $65.1M | $26.2M | $38.8M |
| Nov 2025 | $37.5M | $21.3M | $16.1M |
| Oct 2025 | $89.9M | $25.8M | $64.1M |
| Sep 2025 | $45.6M | $49.1M | −$3.5M |
| Aug 2025 | $42.9M | $19.9M | $23.0M |
| Jul 2025 | $145.1M | $21.6M | $123.5M |
CEMDX Assets Under Management
Net assets of Cullen Emerging Markets High Dividend Fund by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2026-06-30 | $2.22B |
| 2026-03-31 | $1.89B |
| 2025-12-31 | $1.63B |
| 2025-09-30 | $1.45B |
| 2025-06-30 | $1.16B |
| 2025-03-31 | $981.56M |
| 2024-12-31 | $939.07M |
| 2024-09-30 | $933.00M |
| 2024-06-30 | $826.11M |
| 2024-03-31 | $729.73M |
| 2023-12-31 | $605.94M |
| 2023-09-30 | $489.60M |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.