CIHPX — Cullen International High Dividend Fund
Data updated: 2026-09-11
CIHPX — Cullen International High Dividend Fund. Developed ex-US Large Cap Value Equity · $429.87M AUM. Holdings, fees, performance and SEC filings.
CIHPX Fund Overview
CIHPX — Cullen International High Dividend Fund is a US mutual fund managed by Cullen Funds Trust, categorised as Developed ex-US Large Cap Value Equity. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.
- Type: US mutual fund
- Manager: Cullen Funds Trust
- Category: Developed ex-US Large Cap Value Equity
- Assets under management: $429.87M
- 1-year return: 23.5%
- Ticker: CIHPX
- SEC CIK: 0001109957
- SEC series ID: S000006836
- Share class ID: C000076268
CIHPX Investment Objective and Strategy
Cullen International High Dividend Fund describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Cullen Funds Trust.
Investment objective
The Cullen International High Dividend Fund (the International High Dividend Fund or the Fund) seeks long-term capital appreciation and current income.
Principal investment strategy
The International High Dividend Fund invests, under normal circumstances, at least 80% of its net assets, plus borrowings for investment purposes, in high dividend paying common stocks of medium-capitalization companies (which are companies with a typical capitalization range of between $5 billion and $12 billion at the time of investment) and large-capitalization companies (which are companies with a typical capitalization range greater than $12 billion at the time of investment) headquartered outside the United States and in American Depositary Receipts (ADRs). As a point of comparison, a high dividend paying common stock that the International High Dividend Fund would invest in would generally have a dividend yield greater than the average dividend yield of the equity securities in the MSCI EAFE Stock Index.
ADRs are depositary receipts for foreign securities denominated in U.S. dollars and traded on U.S. securities markets or available through a U.S. broker or dealer. ADRs may be purchased through sponsored or unsponsored facilities. A sponsored facility is established jointly by the issuer of the underlying security and a depositary, whereas a depositary may establish an unsponsored facility without participation by the issuer of the depositary security. Holders of unsponsored depositary receipts generally bear all the costs of such facilities and the depositary of an unsponsored facility frequently is under no obligation to distribute shareholder communications received from the issuer of the deposited security or to pass through voting rights to the holders of such receipts. The International High Dividend Fund intends to diversify its investments across different countries, and the percentage of the International High Dividend Funds assets invested in particular countries or regions will change from time to time based on the Advisers judgment.
As of September 30, 2018, the International High Dividend Fund was invested in approximately 18 different countries. The International High Dividend Fund intends to invest in the securities of companies located in developed countries and, to a lesser extent, those located in emerging markets. The International High Dividend Fund may consider investments in companies in any of the worlds developed stock markets, such as the United Kingdom and stock markets in the European Union. The International High Dividend Fund also may consider investments in developed and emerging stock markets in Asia, such as Hong Kong, China, Singapore, Korea, Taiwan, Malaysia and Thailand. Other developed and emerging stock markets such as Australia, New Zealand, South Africa, Canada and Mexico also may be considered.
The International High Dividend Fund generally invests substantially all of its assets in common stocks and ADRs but may invest in other equity securities, which can include European Depositary Receipts (EDRs), Global Depositary Receipts (GDRs), convertible debt, exchange-traded funds (ETFs) that invest primarily in equity securities, warrants, rights, equity interests in real estate investment trusts (REITs), equity interests in master limited partnerships (MLPs), and preferred stocks. The International High Dividend Fund invests roughly similar amounts of its assets in each position in the portfolio at the time of original purchase, although the portfolio is not systematically rebalanced. This approach avoids the overweighting of any individual security being purchased. The Adviser may sell portfolio stocks when they are no longer attractive based on their growth potential, dividend yield or price.
As part of its strategy, the International High Dividend Fund, in order to generate additional income, will selectively write covered call options when it is deemed to be in the Funds best interest. A call option is a short-term contract entitling the purchaser, in return for a premium paid, the right to buy the underlying equity security at a specified price upon exercise of the option at any time prior to its expiration. Writing a covered call option allows the International High Dividend Fund to receive a premium. A call option gives the holder the right, but not the obligation, to buy the underlying equity stock from the writer of the option at a given price during a specific period. The Fund will not engage in derivatives except to the extent that the writing of covered call options is deemed to involve derivatives.
CIHPX Holdings
Top 10 holdings of Cullen International High Dividend Fund by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| Unicredit Spa | 4.03% |
| Novartis AG | 3.64% |
| Siemens AG | 3.43% |
| Tokio Marine Holdings, Inc. | 3.17% |
| Iberdrola SA | 3.04% |
| Aib Group PLC | 3.03% |
| Orix Corp. | 3.00% |
| British American Tobacco PLC | 3.00% |
| Ms & Ad Insurance Group Holdings, Inc. | 2.98% |
| Nn Group NV | 2.97% |
CIHPX Portfolio Allocation
Asset-class allocation of Cullen International High Dividend Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Equity | 96.1% |
| Derivatives | 3.0% |
CIHPX Performance
Total returns for CIHPX (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| 1 year | 23.5% |
| 3 years (annualised) | 6.8% |
| 5 years (annualised) | 7.6% |
CIHPX Risk Information
Risk metrics for CIHPX, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 12.4%
CIHPX Costs and Fees
CIHPX costs about $146 per $10,000 invested per year in fund expenses.
- Net expense ratio: 1.46%
- Gross expense ratio: 1.46%
- Portfolio turnover: 125%
- Brokerage commissions: 25.80 bps of average net assets (SEC N-CEN)
CIHPX Cashflows
Over the 12 months to 2026-06, Cullen International High Dividend Fund had net inflows of $46.89M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2026-06 | $4.52M |
| 2026-05 | $165.06K |
| 2026-04 | $51.53K |
| 2026-03 | $9.66M |
| 2026-02 | −$1.74M |
| 2026-01 | −$162.97K |
CIHPX Debt Constituents
No individual debt constituents are reported in Cullen International High Dividend Fund's latest SEC N-PORT filing.
CIHPX Prospectus and SEC Filings
Official Cullen International High Dividend Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2025-10-29
- Prospectus (485BPOS) — filed 2024-10-28
- Prospectus (485BPOS) — filed 2023-10-27
- Portfolio holdings (N-PORT) — filed 2026-08-24
- Portfolio holdings (N-PORT) — filed 2026-05-28
- Portfolio holdings (N-PORT) — filed 2026-02-26
- Annual census (N-CEN) — filed 2026-09-11
- Annual census (N-CEN) — filed 2025-09-04
Related Funds
Other Developed ex-US Large Cap Value Equity funds tracked on ABC INVEST:
Data Sources
ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.