Cullen International High Dividend Fund Class I (CIHIX)

Overview

The fund is a globally oriented investment vehicle, focusing on allocating assets towards high-dividend-paying stocks from medium to large-cap companies based outside of the United States. It seeks to achieve this goal by investing at least 80% of its net assets, in addition to borrowing for investment purposes, into these categories of stocks. The fund targets companies not just for their geographical placement but also for their ability to offer dividends greater than the equity securities' average dividend yield seen in the MSCI EAFE Stock Index. This strategic approach allows the fund to provide investors with a diversified portfolio that captures the growth and income potential from international markets, differing fundamentally from those found in the domestic (U.S.) market. By including common stocks traded on foreign exchanges and American Depositary Receipts (ADRs) in its portfolio, the fund provides an accessible pathway for domestic investors to tap into overseas markets.

Products and Services

The fund primarily offers investment in two key financial instruments, aiming to diversify investor portfolios and provide access to high dividend yields from international markets:

• High Dividend Paying Common Stocks: It selects stocks of medium- and large-capitalization companies outside the U.S. These are companies with a dividend yield generally higher than the average of the MSCI EAFE Stock Index. This product segment is designed for investors seeking both income through dividends and potential capital appreciation from their investments in overseas markets.
• American Depositary Receipts (ADRs): The fund includes ADRs to give investors a convenient way to invest in foreign stocks without the complexities of dealing with foreign transactions. ADRs represent shares in the stock of foreign companies and are traded on U.S. exchanges. This allows for easier access to foreign markets, offering a blend of income and growth potential with the added benefit of being traded in the U.S., thereby simplifying the investment process.