CUSIX Performance — Cullen Small Cap Value Fund, Cullen Value Fund Class I
Data updated: 2026-09-11
CUSIX returned +11.33% year to date and +19.46% over one year to Jun 2026. Annualised returns are +8.11% over 3 years and +4.34% over 5 years. The fund trailed its US Small Value category average: $100 invested three years ago grew to $126, against $153 for the category, and to $119 over one year, against $131. Volatility over the past three years was 21.25% a year. In the 12 months to Jun 2026 the fund lost a net $1.1M, and assets reached $9.85M.
CUSIX Growth of $100
What $100 invested in Cullen Small Cap Value Fund grew to, compounded from monthly returns reported on SEC Form N-PORT, against the US Small Value category average over the same months.
| Period | CUSIX | Category average |
|---|---|---|
| 1 year (Jul 2025 – Jun 2026) | $119 | $131 |
| 3 years (Jul 2023 – Jun 2026) | $126 | $153 |
| 5 years (Jul 2021 – Jun 2026) | $124 | $149 |
| Since data start (Jul 2019 – Jun 2026) | $180 | $213 |
CUSIX Trailing Returns
Total returns to Jun 2026, from SEC N-PORT.
| Period | Total return |
|---|---|
| YTD | +11.33% |
| 1 year | +19.46% |
| 3 years (annualised) | +8.11% |
| 5 years (annualised) | +4.34% |
CUSIX Annual Returns
Calendar-year total returns of Cullen Small Cap Value Fund, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2026 (Jan–Jun) | +11.33% |
| 2025 | −1.20% |
| 2024 | +4.83% |
| 2023 | +5.76% |
| 2022 | +0.36% |
| 2021 | +21.90% |
| 2020 | +12.09% |
| 2019 (Jul–Dec) | +7.77% |
CUSIX 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 | +6.7% | −2.6% | −6.1% | +7.6% | −1.4% | +7.6% | — | — | — | — | — | — |
| 2025 | +2.3% | −6.8% | −4.4% | −6.8% | +5.1% | +3.1% | +3.4% | +10.3% | +0.1% | −4.7% | +0.6% | −1.9% |
| 2024 | −3.4% | +2.3% | +5.2% | −6.3% | +0.8% | −1.8% | +13.4% | +1.2% | +0.7% | −0.7% | +6.3% | −10.8% |
| 2023 | +8.2% | −4.5% | −7.5% | −3.7% | −2.7% | +7.8% | +7.3% | −7.7% | −6.0% | −3.9% | +7.5% | +14.0% |
| 2022 | −1.8% | +5.5% | −0.3% | −5.4% | +4.8% | −9.4% | +8.6% | −2.4% | −8.8% | +12.8% | +3.8% | −4.6% |
| 2021 | +0.4% | +13.9% | +4.1% | +2.2% | +1.6% | −2.4% | −4.7% | +2.2% | +2.8% | +0.8% | −4.6% | +5.0% |
| 2020 | −7.0% | −10.1% | −23.6% | +12.1% | +6.7% | +4.1% | −1.0% | +7.3% | −5.7% | +4.4% | +23.6% | +9.2% |
| 2019 | — | — | — | — | — | — | +0.9% | −4.9% | +6.5% | +1.0% | +2.8% | +1.5% |
CUSIX Risk
Risk measures from monthly returns over Jul 2023 – Jun 2026.
- 3-year volatility (annualised): 21.25%
- 3-year Sharpe ratio: 0.17 (vs 4.5% risk-free rate)
- Best month: +13.97% (Dec 2023)
- Worst month: −10.84% (Dec 2024)
CUSIX Fund Flows
Monthly money in and out of Cullen Small Cap Value Fund, from SEC Form N-PORT.
- 12-month net flow: −$1.1M
- 12-month gross sales (incl. reinvestments): $315K
- Sales ÷ redemptions: 0.22×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| Jun 2026 | $28K | $31K | −$2K |
| May 2026 | $278 | $30K | −$30K |
| Apr 2026 | $35K | $297K | −$262K |
| Mar 2026 | $2K | $247K | −$245K |
| Feb 2026 | $120 | $61K | −$61K |
| Jan 2026 | $10K | $66K | −$56K |
| Dec 2025 | $178K | $12K | $166K |
| Nov 2025 | $762 | $47K | −$46K |
| Oct 2025 | $659 | $44K | −$43K |
| Sep 2025 | $57K | $70K | −$14K |
| Aug 2025 | $983 | $146K | −$145K |
| Jul 2025 | $2K | $394K | −$392K |
CUSIX Assets Under Management
Net assets of Cullen Small Cap Value Fund by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2026-06-30 | $9.85M |
| 2026-03-31 | $8.93M |
| 2025-12-31 | $9.53M |
| 2025-09-30 | $10.09M |
| 2025-06-30 | $9.42M |
| 2025-03-31 | $10.05M |
| 2024-12-31 | $11.26M |
| 2024-09-30 | $11.29M |
| 2024-06-30 | $10.41M |
| 2024-03-31 | $11.98M |
| 2023-12-31 | $11.80M |
| 2023-09-30 | $12.08M |
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.