# EDGAR Filing Document

**Accession Number:** 0001109957
**File Stem:** 0000910472-26-002922
**Filing Date:** 2026-2
**Character Count:** 16883
**Document Hash:** df7cce7c24a5e78a5973757262c5f119
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000910472-26-002922.hdr.sgml**: 20260226

**ACCESSION NUMBER**: 0000910472-26-002922

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20251231

**FILED AS OF DATE**: 20260226

**DATE AS OF CHANGE**: 20260226

**PERIOD START**: 20260630

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** CULLEN FUNDS TRUST
- **CENTRAL INDEX KEY:** 0001109957

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 0630

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-09871
- **FILM NUMBER:** 26685675

**BUSINESS ADDRESS:**
- **STREET 1:** 645 FIFTH AVE
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10022
- **BUSINESS PHONE:** 212-644-1800

**MAIL ADDRESS:**
- **STREET 1:** 645 FIFTH AVE
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10022

## Series and Classes Contracts Data

### Cullen High Dividend Equity Fund (Series ID: S000006835)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000018478 | Retail Class | CHDEX           |
| C000018479 | Class C      | CHVCX           |
| C000018480 | Class I      | CHDVX           |

## Form NPORT-P: Monthly Portfolio Investments Report

### NPORT-P: Part A: General Information

**Item A.1. Information about the Registrant.**

- **a. Name of Registrant:** Cullen Funds Trust

- **b. Investment Company Act file number:** 811-09871

- **c. CIK number of Registrant:** 0001109957

- **d. LEI of Registrant:** 549300Z3TQTWACOAV180

- **e. Address and telephone number of Registrant.**

  - **Street Address 1:** 645 FIFTH AVENUE??

  - **City:** NEW YORK

  - **State:** NY

  - **Foreign country:** US

  - **Zip / Postal Code:** 10022

  - **Telephone number:** 212-644-1800

**Item A.2. Information about the Series.**

- **a. Name of Series:** Cullen High Dividend Equity Fund

- **b. EDGAR series identifier (if any):** S000006835

- **c. LEI of Series:** 549300RR98332922DP57

**Item A.3. Reporting period.**

- **a. Date of fiscal year-end:** 2026-06-30

- **b. Date as of which information is reported:** 2025-12-31

**Item A.4. Final filing**

Does the Fund anticipate that this will be its final filing on Form N-PORT? **No**

### Fund Information

**Total Assets:** $647570789.57

**Total Liabilities:** $1594808.98

**Net Assets:** $645975980.59

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000018478 | -0.44%               | 2.82%                | 0.66%                |
| Class ID C000018479 | -0.52%               | 2.78%                | 0.60%                |
| Class ID C000018480 | -0.49%               | 2.91%                | 0.69%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $6683945.98              | $-10746423.17                              |
| Month 2  | $3132156.64              | $14322983.67                               |
| Month 3  | $17949631.08             | $-14897328.24                              |

### Schedule of Portfolio Investments

| Name                               | Title                | Identifiers                                   | Payoff Profile   | Asset Category   | Issuer Category   | Country   |   Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   |   Fair Value Level | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| AT&T Inc                           | AT&T INC             | CUSIP: 00206R102<br>LEI: 549300Z40J86GGSTL398 | Long             | EC               | CORP              | US        |    669310 | NS      | $16625660.40  | 2.57%             |  |  |  | No            |                  1 | On Loan: No      |
| Altria Group, Inc.                 | ALTRIA GROUP INC     | CUSIP: 02209S103<br>LEI: XSGZFLO9YTNO9VCQV219 | Long             | EC               | CORP              | US        |    190280 | NS      | $10971544.80  | 1.70%             |  |  |  | No            |                  1 | On Loan: No      |
| BCE Inc.                           | BCE INC              | CUSIP: 05534B760<br>LEI: 5493001I9203PRB5KR45 | Long             | EC               | CORP              | CA        |    286514 | NS      | $6824763.48   | 1.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Bank of America Corp.              | BANK OF AMERICA      | CUSIP: 060505104<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | EC               | CORP              | US        |    404276 | NS      | $22235180.00  | 3.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Becton, Dickinson and Company      | BECTON DICKINSON     | CUSIP: 075887109<br>LEI: ICE2EP6D98PQUILVRZ91 | Long             | EC               | CORP              | US        |     37402 | NS      | $7258606.14   | 1.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Broadcom Inc                       | BROADCOM INC         | CUSIP: 11135F101<br>LEI: 549300WV6GIDOZJTV909 | Long             | EC               | CORP              | US        |     49471 | NS      | $17121913.10  | 2.65%             |  |  |  | No            |                  1 | On Loan: No      |
| Chevron Corp.                      | CHEVRON CORP         | CUSIP: 166764100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     80608 | NS      | $12285465.28  | 1.90%             |  |  |  | No            |                  1 | On Loan: No      |
| Cisco Systems, Inc.                | CISCO SYSTEMS        | CUSIP: 17275R102<br>LEI: 549300LKFJ962MZ46593 | Long             | EC               | CORP              | US        |    283644 | NS      | $21849097.32  | 3.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Citigroup Inc.                     | CITIGROUP INC        | CUSIP: 172967424<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | EC               | CORP              | US        |    196114 | NS      | $22884542.66  | 3.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Comcast Corporation                | COMCAST CORP-A       | CUSIP: 20030N101<br>LEI: 51M0QTTNCGUN7KFCFZ59 | Long             | EC               | CORP              | US        |    323158 | NS      | $9659192.62   | 1.50%             |  |  |  | No            |                  1 | On Loan: No      |
| ConocoPhillips                     | CONOCOPHILLIPS       | CUSIP: 20825C104<br>LEI: WPTL2Z3FIYTHSP5V2253 | Long             | EC               | CORP              | US        |    159150 | NS      | $14898031.50  | 2.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Crown Castle Inc.                  | CROWN CASTLE INC     | CUSIP: 22822V101<br>LEI: 54930012H97VSM0I2R19 | Long             | EC               | CORP              | US        |    123963 | NS      | $11016591.81  | 1.71%             |  |  |  | No            |                  1 | On Loan: No      |
| Diageo PLC                         | DIAGEO PLC-ADR       | CUSIP: 25243Q205<br>LEI: 213800ZVIELEA55JMJ32 | Long             | EC               | CORP              | GB        |     91873 | NS      | $7925883.71   | 1.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Dow Inc                            | DOW INC              | CUSIP: 260557103<br>LEI: 5493003S21INSLK2IP73 | Long             | EC               | CORP              | US        |    195183 | NS      | $4563378.54   | 0.71%             |  |  |  | No            |                  1 | On Loan: No      |
| Duke Energy Corp                   | DUKE ENERGY CORP     | CUSIP: 26441C204<br>LEI: I1BZKREC126H0VB1BL91 | Long             | EC               | CORP              | US        |    149786 | NS      | $17556417.06  | 2.72%             |  |  |  | No            |                  1 | On Loan: No      |
| Exxon Mobil Corp.                  | EXXON MOBIL CORP     | CUSIP: 30231G102<br>LEI: J3WHBG0MTS7O8ZVMDC91 | Long             | EC               | CORP              | US        |    123069 | NS      | $14810123.46  | 2.29%             |  |  |  | No            |                  1 | On Loan: No      |
| General Dynamics Corporation       | GENERAL DYNAMICS     | CUSIP: 369550108<br>LEI: 9C1X8XOOTYY2FNYTVH06 | Long             | EC               | CORP              | US        |     58644 | NS      | $19743089.04  | 3.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Genuine Parts Co                   | GENUINE PARTS CO     | CUSIP: 372460105<br>LEI: 549300D46DQVEU651W04 | Long             | EC               | CORP              | US        |    108798 | NS      | $13377802.08  | 2.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Healthpeak Properties Inc          | HEALTHPEAK PROPE     | CUSIP: 42250P103<br>LEI: 254900M6MTMZM0I22L81 | Long             | EC               | CORP              | US        |    585386 | NS      | $9413006.88   | 1.46%             |  |  |  | No            |                  1 | On Loan: No      |
| JPMorgan Chase & Co.               | JPMORGAN CHASE       | CUSIP: 46625H100<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | EC               | CORP              | US        |     65291 | NS      | $21038066.02  | 3.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Johnson & Johnson                  | JOHNSON&JOHNSON      | CUSIP: 478160104<br>LEI: 549300G0CFPGEF6X2043 | Long             | EC               | CORP              | US        |    114862 | NS      | $23770690.90  | 3.68%             |  |  |  | No            |                  1 | On Loan: No      |
| Lowes Companies, Inc.              | LOWE'S COS INC       | CUSIP: 548661107<br>LEI: WAFCR4OKGSC504WU3E95 | Long             | EC               | CORP              | US        |     66046 | NS      | $15927653.36  | 2.47%             |  |  |  | No            |                  1 | On Loan: No      |
| Merck & Co., Inc                   | MERCK & CO           | CUSIP: 58933Y105<br>LEI: 4YV9Y5M8S0BRK1RP0397 | Long             | EC               | CORP              | US        |    153145 | NS      | $16120042.70  | 2.50%             |  |  |  | No            |                  1 | On Loan: No      |
| Microsoft Corp.                    | MICROSOFT CORP       | CUSIP: 594918104<br>LEI: INR2EJN1ERAN0W5ZP974 | Long             | EC               | CORP              | US        |     32840 | NS      | $15882080.80  | 2.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Morgan Stanley                     | MORGAN STANLEY       | CUSIP: 617446448<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | EC               | CORP              | US        |    128319 | NS      | $22780472.07  | 3.53%             |  |  |  | No            |                  1 | On Loan: No      |
| NextEra Energy Inc                 | NEXTERA ENERGY       | CUSIP: 65339F101<br>LEI: 254900RHL9MEUS5NKX63 | Long             | EC               | CORP              | US        |    250349 | NS      | $20098017.72  | 3.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Novartis AG                        | NOVARTIS AG-ADR      | CUSIP: 66987V109<br>LEI: 5493007HIVTX6SY6XD66 | Long             | EC               | CORP              | CH        |    142388 | NS      | $19631033.56  | 3.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Omnicom Group Inc                  | OMNICOM GROUP        | CUSIP: 681919106<br>LEI: HKUPACFHSSASQK8HLS17 | Long             | EC               | CORP              | US        |     93023 | NS      | $7511607.25   | 1.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Philip Morris International Inc.   | PHILIP MORRIS IN     | CUSIP: 718172109<br>LEI: HL3H1H2BGXWVG3BSWR90 | Long             | EC               | CORP              | US        |    106065 | NS      | $17012826.00  | 2.63%             |  |  |  | No            |                  1 | On Loan: No      |
| QUALCOMM Inc.                      | QUALCOMM INC         | CUSIP: 747525103<br>LEI: H1J8DDZKZP6H7RWC0H53 | Long             | EC               | CORP              | US        |     48529 | NS      | $8300885.45   | 1.29%             |  |  |  | No            |                  1 | On Loan: No      |
| RTX Corp.                          | RTX CORP             | CUSIP: 75513E101<br>LEI: I07WOS4YJ0N7YRFE7309 | Long             | EC               | CORP              | US        |    119637 | NS      | $21941425.80  | 3.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Siemens AG                         | SIEMENS AG-SPONS ADR | CUSIP: 826197501<br>LEI: W38RGI023J3WT1HWRP32 | Long             | EC               | CORP              | DE        |    152080 | NS      | $21283596.00  | 3.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Target Corp.                       | TARGET CORP          | CUSIP: 87612E106<br>LEI: 8WDDFXB5T1Z6J0XC1L66 | Long             | EC               | CORP              | US        |    101751 | NS      | $9946160.25   | 1.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Travelers Companies, Inc.          | TRAVELERS COS IN     | CUSIP: 89417E109<br>LEI: 549300Y650407RU8B149 | Long             | EC               | CORP              | US        |     73135 | NS      | $21213538.10  | 3.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Truist Financial Corp.             | TRUIST FINANCIAL     | CUSIP: 89832Q109<br>LEI: 549300DRQQI75D2JP341 | Long             | EC               | CORP              | US        |    239597 | NS      | $11790568.37  | 1.83%             |  |  |  | No            |                  1 | On Loan: No      |
| Unilever PLC                       | UNILEVER PLC-ADR     | CUSIP: 904767803<br>LEI: 549300MKFYEKVRWML317 | Long             | EC               | CORP              | GB        |    260769 | NS      | $17054292.60  | 2.64%             |  |  |  | No            |                  1 | On Loan: No      |
| United Parcel Service, Inc.        | UNITED PARCEL-B      | CUSIP: 911312106<br>LEI: D01LMJZU09ULLNCY6Z23 | Long             | EC               | CORP              | US        |     78048 | NS      | $7741581.12   | 1.20%             |  |  |  | No            |                  1 | On Loan: No      |
| UnitedHealth Group Inc.            | UNITEDHEALTH GRP     | CUSIP: 91324P102<br>LEI: 549300GHBMY8T5GXDE41 | Long             | EC               | CORP              | US        |     22838 | NS      | $7539052.18   | 1.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Vici Properties Inc                | VICI PROPERTIES      | CUSIP: 925652109<br>LEI: 254900RKH6RY9KCJQH63 | Long             | EC               | CORP              | US        |    450077 | NS      | $12656165.24  | 1.96%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                | BBH SWEEP VEHICLE    | CUSIP: N/A<br>LEI: N/A                        | Long             | STIV             |  | US        |   8036542 | PA      | $8036542.11   | 1.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Johnson Controls International PLC | JOHNSON CONTROLS     | CUSIP: G51502105<br>LEI: 549300XQ6S1GYKGBL205 | Long             | EC               | CORP              | IE        |    147500 | NS      | $17663125.00  | 2.73%             |  |  |  | No            |                  1 | On Loan: No      |
| Medtronic PLC                      | MEDTRONIC PLC        | CUSIP: G5960L103<br>LEI: 549300GX3ZBSQWUXY261 | Long             | EC               | CORP              | IE        |    188659 | NS      | $18122583.54  | 2.81%             |  |  |  | No            |                  1 | On Loan: No      |
| Chubb Ltd.                         | CHUBB LTD            | CUSIP: H1467J104<br>LEI: E0JAN6VLUDI1HITHT809 | Long             | EC               | CORP              | CH        |     63756 | NS      | $19899522.72  | 3.08%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2026-01-28

**Name of Applicant:** Cullen Funds Trust

**Signature:** Stephen ONeil

**Name of Signer:** Stephen ONeil

**Title:** Treasurer