CVLEX Performance — Cullen Value Fund, Retail Class
Data updated: 2026-09-11
CVLEX returned +17.70% year to date and +30.28% over one year to Jun 2026. Annualised returns are +16.69% over 3 years and +10.21% over 5 years. The fund beat its US Large Value category average: $100 invested three years ago grew to $159, against $158 for the category, and to $130 over one year, against $121. Volatility over the past three years was 11.99% a year. In the 12 months to Jun 2026 the fund took in a net $742K, and assets reached $32.22M.
CVLEX Growth of $100
What $100 invested in Cullen Value 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 | CVLEX | Category average |
|---|---|---|
| 1 year (Jul 2025 – Jun 2026) | $130 | $121 |
| 3 years (Jul 2023 – Jun 2026) | $159 | $158 |
| 5 years (Jul 2021 – Jun 2026) | $163 | $165 |
| Since data start (Jul 2019 – Jun 2026) | $205 | $223 |
CVLEX Trailing Returns
Total returns to Jun 2026, from SEC N-PORT.
| Period | Total return |
|---|---|
| YTD | +17.70% |
| 1 year | +30.28% |
| 3 years (annualised) | +16.69% |
| 5 years (annualised) | +10.21% |
CVLEX Annual Returns
Calendar-year total returns of Cullen Value Fund, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2026 (Jan–Jun) | +17.70% |
| 2025 | +20.40% |
| 2024 | +9.34% |
| 2023 | +5.14% |
| 2022 | −5.70% |
| 2021 | +20.15% |
| 2020 | +1.89% |
| 2019 (Jul–Dec) | +8.90% |
CVLEX 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 | +4.2% | +3.6% | −4.6% | +5.9% | +2.6% | +5.2% | — | — | — | — | — | — |
| 2025 | +3.9% | +0.5% | −2.9% | −2.6% | +5.1% | +4.9% | +1.0% | +3.5% | +2.4% | −0.6% | +1.8% | +2.1% |
| 2024 | +0.2% | +2.9% | +5.7% | −4.4% | +3.1% | −1.4% | +3.2% | +2.1% | +1.1% | −1.3% | +4.7% | −6.3% |
| 2023 | +3.6% | −3.0% | −1.2% | +1.1% | −3.5% | +5.9% | +2.8% | −3.2% | −4.2% | −3.3% | +6.0% | +5.0% |
| 2022 | −0.9% | −1.7% | +0.8% | −5.5% | +3.6% | −8.4% | +4.4% | −3.5% | −7.5% | +12.0% | +5.8% | −3.1% |
| 2021 | −1.1% | +3.2% | +6.1% | +2.8% | +3.4% | −1.5% | +1.6% | +2.5% | −3.5% | +4.2% | −4.1% | +5.3% |
| 2020 | −3.0% | −9.8% | −14.2% | +10.7% | +3.7% | +0.9% | +2.5% | +3.6% | −3.4% | −3.5% | +13.5% | +4.5% |
| 2019 | — | — | — | — | — | — | −0.1% | −2.7% | +3.4% | +1.6% | +3.2% | +3.3% |
CVLEX Risk
Risk measures from monthly returns over Jul 2023 – Jun 2026.
- 3-year volatility (annualised): 11.99%
- 3-year Sharpe ratio: 1.02 (vs 4.5% risk-free rate)
- Best month: +6.00% (Nov 2023)
- Worst month: −6.28% (Dec 2024)
CVLEX Fund Flows
Monthly money in and out of Cullen Value Fund, from SEC Form N-PORT.
- 12-month net flow: $742K
- 12-month gross sales (incl. reinvestments): $1.6M
- Sales ÷ redemptions: 1.89×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| Jun 2026 | $200K | $65K | $135K |
| May 2026 | $19K | $6K | $14K |
| Apr 2026 | $25K | $315K | −$290K |
| Mar 2026 | $147K | $70K | $77K |
| Feb 2026 | $11K | $36K | −$25K |
| Jan 2026 | $66K | $99K | −$32K |
| Dec 2025 | $758K | $50K | $709K |
| Nov 2025 | $17K | $36K | −$19K |
| Oct 2025 | $47K | $6K | $41K |
| Sep 2025 | $204K | $12K | $192K |
| Aug 2025 | $76K | $33K | $43K |
| Jul 2025 | $4K | $107K | −$103K |
CVLEX Assets Under Management
Net assets of Cullen Value Fund by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2026-06-30 | $32.22M |
| 2026-03-31 | $28.44M |
| 2025-12-31 | $27.66M |
| 2025-09-30 | $26.73M |
| 2025-06-30 | $25.01M |
| 2025-03-31 | $23.38M |
| 2024-12-31 | $23.22M |
| 2024-09-30 | $24.20M |
| 2024-06-30 | $22.80M |
| 2024-03-31 | $23.50M |
| 2023-12-31 | $22.12M |
| 2023-09-30 | $21.13M |
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.