CHDEX Performance — Cullen High Dividend Equity Fund, Retail Class
Data updated: 2026-09-11
CHDEX returned +9.30% year to date and +19.71% over one year to Jun 2026. Annualised returns are +12.82% over 3 years and +8.44% over 5 years. The fund trailed its US Large Value category average: $100 invested three years ago grew to $144, against $158 for the category, and to $120 over one year, against $121. Volatility over the past three years was 10.60% a year. In the 12 months to Jun 2026 the fund lost a net $45.4M, and assets reached $650.94M.
CHDEX Growth of $100
What $100 invested in Cullen High Dividend Equity Fund grew to, compounded from monthly returns reported on SEC Form N-PORT, against the US Large Value category average over the same months.
| Period | CHDEX | Category average |
|---|---|---|
| 1 year (Jul 2025 – Jun 2026) | $120 | $121 |
| 3 years (Jul 2023 – Jun 2026) | $144 | $158 |
| 5 years (Jul 2021 – Jun 2026) | $150 | $165 |
| Since data start (Jul 2019 – Jun 2026) | $180 | $223 |
CHDEX Trailing Returns
Total returns to Jun 2026, from SEC N-PORT.
| Period | Total return |
|---|---|
| YTD | +9.30% |
| 1 year | +19.71% |
| 3 years (annualised) | +12.82% |
| 5 years (annualised) | +8.44% |
CHDEX Annual Returns
Calendar-year total returns of Cullen High Dividend Equity Fund, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2026 (Jan–Jun) | +9.30% |
| 2025 | +18.04% |
| 2024 | +9.15% |
| 2023 | +2.66% |
| 2022 | −3.75% |
| 2021 | +26.36% |
| 2020 | −4.30% |
| 2019 (Jul–Dec) | +6.82% |
CHDEX 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 | +4.1% | +3.3% | −3.9% | +4.2% | +0.1% | +1.4% | — | — | — | — | — | — |
| 2025 | +3.0% | +2.5% | −1.1% | −3.1% | +3.2% | +3.2% | +1.0% | +4.6% | +0.6% | −0.4% | +2.8% | +0.7% |
| 2024 | +0.1% | +1.8% | +5.0% | −3.5% | +3.6% | −1.5% | +4.5% | +2.4% | +1.3% | −1.5% | +2.1% | −5.0% |
| 2023 | +3.0% | −3.8% | −0.5% | +2.4% | −5.1% | +5.2% | +2.0% | −3.0% | −4.5% | −3.5% | +6.2% | +5.3% |
| 2022 | −1.1% | −1.9% | +2.4% | −3.7% | +2.3% | −8.4% | +4.7% | −3.0% | −7.9% | +10.9% | +6.6% | −2.8% |
| 2021 | +0.2% | +4.5% | +6.2% | +2.8% | +2.9% | −0.4% | +1.2% | +2.5% | −3.7% | +5.0% | −3.3% | +6.3% |
| 2020 | −3.6% | −10.0% | −15.2% | +8.9% | +3.8% | −0.2% | +2.3% | +3.5% | −2.8% | −3.5% | +12.1% | +3.4% |
| 2019 | — | — | — | — | — | — | −0.7% | −1.9% | +3.4% | +1.0% | +2.6% | +2.4% |
CHDEX Risk
Risk measures from monthly returns over Jul 2023 – Jun 2026.
- 3-year volatility (annualised): 10.60%
- 3-year Sharpe ratio: 0.78 (vs 4.5% risk-free rate)
- Best month: +6.16% (Nov 2023)
- Worst month: −4.98% (Dec 2024)
CHDEX Fund Flows
Monthly money in and out of Cullen High Dividend Equity Fund, from SEC Form N-PORT.
- 12-month net flow: −$45.4M
- 12-month gross sales (incl. reinvestments): $149.6M
- Sales ÷ redemptions: 0.77×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| Jun 2026 | $5.0M | $10.8M | −$5.8M |
| May 2026 | $6.8M | $26.1M | −$19.3M |
| Apr 2026 | $6.7M | $12.0M | −$5.3M |
| Mar 2026 | $6.3M | $12.0M | −$5.7M |
| Feb 2026 | $7.3M | $13.4M | −$6.1M |
| Jan 2026 | $9.4M | $15.2M | −$5.7M |
| Dec 2025 | $84.4M | $35.6M | $48.8M |
| Nov 2025 | $3.0M | $11.2M | −$8.1M |
| Oct 2025 | $5.7M | $14.4M | −$8.7M |
| Sep 2025 | $4.4M | $9.7M | −$5.3M |
| Aug 2025 | $5.4M | $9.8M | −$4.3M |
| Jul 2025 | $5.2M | $24.8M | −$19.7M |
CHDEX Assets Under Management
Net assets of Cullen High Dividend Equity Fund by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2026-06-30 | $650.94M |
| 2026-03-31 | $647.87M |
| 2025-12-31 | $645.98M |
| 2025-09-30 | $675.43M |
| 2025-06-30 | $666.22M |
| 2025-03-31 | $674.07M |
| 2024-12-31 | $691.81M |
| 2024-09-30 | $776.46M |
| 2024-06-30 | $755.10M |
| 2024-03-31 | $803.12M |
| 2023-12-31 | $773.80M |
| 2023-09-30 | $837.32M |
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.