Cullen Enhanced Equity Income ETF

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DIVP

Cullen Enhanced Equity Income ETF

Objective

The Cullen Enhanced Equity Income ETF seeks long-term capital appreciation and current income by investing in large cap, dividend paying companies and then selectively writing covered calls on 25-40% of the portfolio holdings.

Fund AUM
$8.38m
Expense ratio
0.55%
Holdings
-
Primary Exchange
NYSE-Arca

Fund Facts

TickerCusipISINInception DateShares OutstandingExchange Volume
DIVP00791R707US00791R7070Mar 06, 2024325,000241

What is DIVP?

Yield

Through Jul 16, 2024

12-Month Trailing Distributed Yield*30-Day SEC Yield**Distribution Frequency
-3.76%Monthly

*12-Month Trailing Distributed Yield represents all distributions for over the past 12 months, divided by the NAV pr share. In addition to net interest income and dividends, distributions may included capital gains and return of capital (ROC).

**30-Day SEC Yield is a compounded and annualized figure calculated according to a formula set by the SEC. The formula requires use of a specific methodlogy for calculating dividends and interest earned, and expenses accrued, during the period, and reflects the maximum offering price per fund share. The standardized computation is designed to facilitate yield comparisons among different funds.

Why invest in DIVP?

  • Income Generation
    The ETF aims to generate high income by collecting a combination of dividends and premiums received from selectively written call covered options.
  • Equity Market Participation
    The portfolio writes call options on 25-40% of the portfolio holdings at any given time, allowing the underlying holdings to continue to have equity market participation.
  • Active Management
    The portfolio management team consistently assesses the portfolio to maximize opportunities and minimize risk.

NAV

Through Jul 16, 2024

NAV

Net Asset ValueDaily ChangeDaily Change (%)30-Day Median Bid/Ask Spread

The media bid-ask spread is calculated by identifying national best bid and national best offer ("NBBO") for each Fund as of the end of each 10 second inerval during each trading day of the last 30 calendar days, or since the listing date of each Fund if shorter, and dividing the difference between each such bid and offer by the midpoint of the NBBO. The median of those values is identified and posted on each business day.

$25.79$0.291.140.002

Market Price

Through Jul 16, 2024

Previous Day's Market Price

Closing PriceDaily ChangeDaily Change (%)Premium/Discount (%)
$25.78$0.271.06-0.05

Performance

Through Jul 16, 2024

Daily Price/Nav Performance

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Average Annual Total Return (%)

Through Jun 30, 2024
NAV
Market Price
S&P 500 BW (BXM) Index
Through Jun 30, 2024 MTDQTDYTD1 yr3 yrInception
NAV -1.29 -2.14 - - - 1.65
Market Price -1.25 -2.29 - - - 1.61
S&P 500 BW (BXM) Index 1.77 1.49 - - - 3.74

Cumulative returns are shown for MTD, QTD, YTD, 1yr and since inception. 3yr returns are annualized.

Through Jun 30, 2024
NAV
Market Price
S&P 500 BW (BXM) Index
Through Jun 30, 2024 MTDQTDYTD1 yr3 yrInception
NAV -1.29 -2.14 - - - 1.65
Market Price -1.25 -2.29 - - - 1.61
S&P 500 BW (BXM) Index 1.77 1.49 - - - 3.74

Cumulative returns are shown for MTD, QTD, YTD, 1yr and since inception. 3yr returns are annualized.

The performance data quoted represents past performance. Past performance does not guarantee future results. The investment return and principal value of an investment will fluctuate so that an investor's shares, when sold or redeemed, may be worth more or less than their original cost and current performance may be lower or higher than the performance quoted. High short-term performance, when observed, is unusual and investors should not expect such performance to be repeated.

The market price returns are based on the official closing price of an ETF share or, if the official closing price isn't available, the midpoint between the nationa best bid and national best offer ("NBBO") as of the time the ETF calculates current NAV per share, and do not represent the returns you would receive if you traded shares at other times. NAVs are calculated using prices as of 4:00 PM East Time

Premium/Discount

Through Jul 16, 2024

Days traded at Premium
Days traded at Net asset value
Days traded at Discount
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Prices

Select Date
TickerDIVP
CUSIP00791R707
Expense Ratio (%)0.55% Gross and Net
Premium/Discount-

Holdings

Portfolio Highlights

Select Date
As at Jun 30, 2024
Security NameTickerCUSIPSharesMarket ValuePercentage
NoneDownload all holdings

Top 10 Holdings (%)

EOG Resources 4.3
Verizon Communications 4.3
Duke Energy 4.1
Cisco 3.9
PPL Corporation 3.8
Medtronic 3.7
VICI Properties 3.7
Chevron 3.7
Bristol-Myers Squibb 3.5
Healthpeak Properties 3.5

Sector Breakdown (%)

Fund S&P500
Consumer Staples 14.7 5.8
Health Care 13.6 11.7
Financials 12.9 12.4
Energy 11.3 3.7
Communication Services 10.1 9.3
Industrials 9.3 8.1
Utilities 7.9 2.3
Real Estate 7.2 2.2
Information Technology 6.2 32.5
Materials 4.2 2.2
Consumer Discretionary 0.9 10.0
Cash & Equivalents 1.9 -

Geographical Breakdown (%)

United States 90.2
Switzerland 3.4
Canada 2.7
Australia 1.9
Cash & Equivalents 1.9

Regional Allocation (%)

North America Developed 92.9
Europe Developed 3.4
Asia Pacific Developed 1.9
Cash & Equivalents 1.9

Totals may not equal 100% due to rounding

The Fund’s holding and sector allocations may change at any time due to ongoing portfolio management. References to specific investments should not be construed as a recommendation by the Fund or Cullen Capital Management to buy or sell the securities.

Income Distribution History (DIVP)

Distribution History (DIVP)

Monthly distribution rates are calculated by dividing the monthly distribution per share by DIVP’s closing NAV on payable date.

Contacts

You should consider each Fund’s investment objectives, risks and charges and expenses carefully before investing or sending money. This and other important information about the investment company can be found in each Fund’s prospectus. Please read the prospectus carefully before investing.

Read Prospectus
To obtain a hardcopy of the prospectus via mail, please call 833-4CULLEN.

Contact Representative

Phones open Monday - Thursday  8:30am - 6:30pm EST, and Friday 8:30am - 5:00pm EST.

  • Phone Icon1-833-4CULLEN
  • Please do not send account or personal information via e-mail.
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