Managed Accounts Disclosure
Disclosure
Cullen Capital Management, LLC. (CCM) is an independent investment advisor registered under the Investment Advisers Act of 1940 and is doing business as Schafer Cullen Capital Management, Inc. (SCCM). The Cullen Funds Trust (CFT), SCCM and CCM are affiliates. The use of the term “firm” in describing total assets refers to SCCM and CCM only. Performance and assets under management figures are current through the most recent quarter.
Benchmarks
| Strategy | Composite | Relative Market |
|---|---|---|
| High Dividend Value Equity | Russell 1000 Value Total Return Index | S&P 500 Index |
| Value Equity | Russell 1000 Value Total Return Index | S&P 500 Index |
| Small Cap Value Equity | Russell 2500 Value Total Return Index | S&P 500 Index |
| International High Dividend Value Equity | MSCI EAFE Index | MSCI EAFE Index |
| International High Dividend ADR Value Equity | MSCI EAFE Index | MSCI EAFE Index |
| Emerging Markets High Dividend | MSCI Emerging Markets Index | MSCI Emerging Markets Index |
| Enhanced Equity Income | S&P 500 Buy-Write Index | S&P 500 Index |
Performance
Performance for all strategies is expressed in US dollars. Returns reflect the reinvestment of dividends and other earnings. Cash returns are included in a component of the total account and are not detailed separately. Gross of fee performance is calculated gross of management fees and custodian fees and net of transaction costs. Net of fee performance is calculated net of management fees and transaction costs but gross of custodian fees. Fees may vary by account. Past Performance does not guarantee future results. Market conditions can vary widely over time and can result in a loss of portfolio value. There should be no expectation that any strategy will continue to be profitable or provide a specified return.
A list of all recommendations made by SCCM within the immediately preceding period of not less than one year is available upon request. No graph, chart, formula or other device being offered can in and of itself be used to determine which securities to buy or sell, or when to buy or sell them; SCCM makes no representation, either directly or indirectly, that any graph, chart, formula or other device being offered will assist any person in making his own decisions as to which securities to buy, sell, or when to buy or sell them.
Performance for the International High Dividend is a preliminary net of fees estimate. This estimate is a result of the non-standardized method for the accrual and settlement of international dividends in the numerous jurisdictions in which the portfolio invests.
Schafer Cullen Capital Management has received a Firm-wide GIPS Verification for the period 1994-2023. To receive a complete list and description of SCCM's composites and/or a GIPS compliant presentation contact:
Aiden Kelly: akelly@schafer-cullen.com or (212) 644-1800 or write Schafer Cullen Capital Management, 645 Fifth Avenue, 12th floor, New York, New York 10022.
