# EDGAR Filing Document

**Accession Number:** 0001109957
**File Stem:** 0000910472-26-002925
**Filing Date:** 2026-2
**Character Count:** 16850
**Document Hash:** c9830148b79a4f14d6f8805f3d371469
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000910472-26-002925.hdr.sgml**: 20260226

**ACCESSION NUMBER**: 0000910472-26-002925

**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:** 26685679

**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 Value Fund (Series ID: S000038163)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000117699 | Class C      | CVLFX           |
| C000117700 | Class I      | CVLVX           |
| C000117701 | Retail Class | CVLEX           |

## 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 Value Fund

- **b. EDGAR series identifier (if any):** S000038163

- **c. LEI of Series:** 549300YPGS4FYQ2YAG74

**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:** $27841470.64

**Total Liabilities:** $181119.56

**Net Assets:** $27660351.08

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000117699 | -0.65%               | 1.76%                | 2.09%                |
| Class ID C000117700 | -0.58%               | 1.82%                | 2.17%                |
| Class ID C000117701 | -0.58%               | 1.82%                | 2.12%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $0.00                    | $-181379.71                                |
| Month 2  | $0.00                    | $461779.68                                 |
| Month 3  | $78412.68                | $465984.02                                 |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| The Allstate Corporation           | ALLSTATE CORP        | CUSIP: 020002101<br>LEI: OBT0W1ED8G0NWVOLOJ77 | Long             | EC               | CORP              | US        |      4396 | NS      | $915027.40    | 3.31%             |  |  |  | No            |                  1 | On Loan: No      |
| American Express Company           | AMERICAN EXPRESS     | CUSIP: 025816109<br>LEI: R4PP93JZOLY261QX3811 | Long             | EC               | CORP              | US        |      1759 | NS      | $650742.05    | 2.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Applied Materials Inc.             | APPLIED MATERIAL     | CUSIP: 038222105<br>LEI: 41BNNE1AFPNAZELZ6K07 | Long             | EC               | CORP              | US        |      4157 | NS      | $1068307.43   | 3.86%             |  |  |  | No            |                  1 | On Loan: No      |
| Archer-Daniels-Midland Co.         | ARCHER-DANIELS       | CUSIP: 039483102<br>LEI: 549300LO13MQ9HYSTR83 | Long             | EC               | CORP              | US        |      5149 | NS      | $296016.01    | 1.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Arrow Electronics, Inc.            | ARROW ELECTRONIC     | CUSIP: 042735100<br>LEI: 549300YNNLBXT8N8R512 | Long             | EC               | CORP              | US        |      5622 | NS      | $619431.96    | 2.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Bank of America Corp.              | BANK OF AMERICA      | CUSIP: 060505104<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | EC               | CORP              | US        |     15380 | NS      | $845900.00    | 3.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Becton, Dickinson and Company      | BECTON DICKINSON     | CUSIP: 075887109<br>LEI: ICE2EP6D98PQUILVRZ91 | Long             | EC               | CORP              | US        |      2033 | NS      | $394544.31    | 1.43%             |  |  |  | No            |                  1 | On Loan: No      |
| Boeing Co.                         | BOEING CO/THE        | CUSIP: 097023105<br>LEI: RVHJWBXLJ1RFUBSY1F30 | Long             | EC               | CORP              | US        |      2417 | NS      | $524779.04    | 1.90%             |  |  |  | No            |                  1 | On Loan: No      |
| BorgWarner Inc.                    | BORGWARNER INC       | CUSIP: 099724106<br>LEI: 549300DSFX2IE88NSX47 | Long             | EC               | CORP              | US        |      9045 | NS      | $407567.70    | 1.47%             |  |  |  | No            |                  1 | On Loan: No      |
| Bristol-Myers Squibb Company       | BRISTOL-MYER SQB     | CUSIP: 110122108<br>LEI: HLYYNH7UQUORYSJQCN42 | Long             | EC               | CORP              | US        |      6960 | NS      | $375422.40    | 1.36%             |  |  |  | No            |                  1 | On Loan: No      |
| The Cigna Group                    | THE CIGNA GROUP      | CUSIP: 125523100<br>LEI: 549300VIWYMSIGT1U456 | Long             | EC               | CORP              | US        |      2202 | NS      | $606056.46    | 2.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Canadian National Railway Company  | CAN NATL RAILWAY     | CUSIP: 136375102<br>LEI: 3SU7BEP7TH9YEQOZCS77 | Long             | EC               | CORP              | CA        |      4242 | NS      | $419321.70    | 1.52%             |  |  |  | No            |                  1 | On Loan: No      |
| Chevron Corp.                      | CHEVRON CORP         | CUSIP: 166764100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      4044 | NS      | $616346.04    | 2.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Cisco Systems, Inc.                | CISCO SYSTEMS        | CUSIP: 17275R102<br>LEI: 549300LKFJ962MZ46593 | Long             | EC               | CORP              | US        |     12901 | NS      | $993764.03    | 3.59%             |  |  |  | No            |                  1 | On Loan: No      |
| Citigroup Inc.                     | CITIGROUP INC        | CUSIP: 172967424<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | EC               | CORP              | US        |     12716 | NS      | $1483830.04   | 5.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Comcast Corporation                | COMCAST CORP-A       | CUSIP: 20030N101<br>LEI: 51M0QTTNCGUN7KFCFZ59 | Long             | EC               | CORP              | US        |     12155 | NS      | $363312.95    | 1.31%             |  |  |  | No            |                  1 | On Loan: No      |
| ConocoPhillips                     | CONOCOPHILLIPS       | CUSIP: 20825C104<br>LEI: WPTL2Z3FIYTHSP5V2253 | Long             | EC               | CORP              | US        |      5621 | NS      | $526181.81    | 1.90%             |  |  |  | No            |                  1 | On Loan: No      |
| Mercedes-Benz Group AG             | DAIMLER AG-U ADR     | CUSIP: 233825207<br>LEI: 529900R27DL06UVNT076 | Long             | EC               | CORP              | DE        |     22750 | NS      | $399726.60    | 1.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Walt Disney Company                | WALT DISNEY CO/T     | CUSIP: 254687106<br>LEI: 549300GZKULIZ0WOW665 | Long             | EC               | CORP              | US        |      4773 | NS      | $543024.21    | 1.96%             |  |  |  | No            |                  1 | On Loan: No      |
| General Dynamics Corporation       | GENERAL DYNAMICS     | CUSIP: 369550108<br>LEI: 9C1X8XOOTYY2FNYTVH06 | Long             | EC               | CORP              | US        |      2325 | NS      | $782734.50    | 2.83%             |  |  |  | No            |                  1 | On Loan: No      |
| JPMorgan Chase & Co.               | JPMORGAN CHASE       | CUSIP: 46625H100<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | EC               | CORP              | US        |      2995 | NS      | $965048.90    | 3.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Johnson & Johnson                  | JOHNSON&JOHNSON      | CUSIP: 478160104<br>LEI: 549300G0CFPGEF6X2043 | Long             | EC               | CORP              | US        |      3988 | NS      | $825316.60    | 2.98%             |  |  |  | No            |                  1 | On Loan: No      |
| Lowes Companies, Inc.              | LOWE'S COS INC       | CUSIP: 548661107<br>LEI: WAFCR4OKGSC504WU3E95 | Long             | EC               | CORP              | US        |      3145 | NS      | $758448.20    | 2.74%             |  |  |  | No            |                  1 | On Loan: No      |
| Merck & Co., Inc                   | MERCK & CO           | CUSIP: 58933Y105<br>LEI: 4YV9Y5M8S0BRK1RP0397 | Long             | EC               | CORP              | US        |      5697 | NS      | $599666.22    | 2.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Mondelez International, Inc.       | MONDELEZ INTER-A     | CUSIP: 609207105<br>LEI: 549300DV9GIB88LZ5P30 | Long             | EC               | CORP              | US        |      8495 | NS      | $457285.85    | 1.65%             |  |  |  | No            |                  1 | On Loan: No      |
| Morgan Stanley                     | MORGAN STANLEY       | CUSIP: 617446448<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | EC               | CORP              | US        |      5890 | NS      | $1045651.70   | 3.78%             |  |  |  | No            |                  1 | On Loan: No      |
| NextEra Energy Inc                 | NEXTERA ENERGY       | CUSIP: 65339F101<br>LEI: 254900RHL9MEUS5NKX63 | Long             | EC               | CORP              | US        |      8155 | NS      | $654683.40    | 2.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Oracle Corp.                       | ORACLE CORP          | CUSIP: 68389X105<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | EC               | CORP              | US        |      3750 | NS      | $730912.50    | 2.64%             |  |  |  | No            |                  1 | On Loan: No      |
| Packaging Corporation of America   | PACKAGING CORP       | CUSIP: 695156109<br>LEI: 549300XZP8MFZFY8TJ84 | Long             | EC               | CORP              | US        |      2800 | NS      | $577444.00    | 2.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Pfizer Inc.                        | PFIZER INC           | CUSIP: 717081103<br>LEI: 765LHXWGK1KXCLTFYQ30 | Long             | EC               | CORP              | US        |     21860 | NS      | $544314.00    | 1.97%             |  |  |  | No            |                  1 | On Loan: No      |
| RTX Corp.                          | RTX CORP             | CUSIP: 75513E101<br>LEI: I07WOS4YJ0N7YRFE7309 | Long             | EC               | CORP              | US        |      6897 | NS      | $1264909.80   | 4.57%             |  |  |  | No            |                  1 | On Loan: No      |
| Siemens AG                         | SIEMENS AG-SPONS ADR | CUSIP: 826197501<br>LEI: W38RGI023J3WT1HWRP32 | Long             | EC               | CORP              | DE        |      5400 | NS      | $755730.00    | 2.73%             |  |  |  | No            |                  1 | On Loan: No      |
| Truist Financial Corp.             | TRUIST FINANCIAL     | CUSIP: 89832Q109<br>LEI: 549300DRQQI75D2JP341 | Long             | EC               | CORP              | US        |      6575 | NS      | $323555.75    | 1.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Unilever PLC                       | UNILEVER PLC-ADR     | CUSIP: 904767803<br>LEI: 549300MKFYEKVRWML317 | Long             | EC               | CORP              | GB        |     11016 | NS      | $720446.40    | 2.60%             |  |  |  | No            |                  1 | On Loan: No      |
| UnitedHealth Group Inc.            | UNITEDHEALTH GRP     | CUSIP: 91324P102<br>LEI: 549300GHBMY8T5GXDE41 | Long             | EC               | CORP              | US        |      1510 | NS      | $498466.10    | 1.80%             |  |  |  | No            |                  1 | On Loan: No      |
| Verizon Communications Inc.        | VERIZON COMMUNIC     | CUSIP: 92343V104<br>LEI: 2S72QS2UO2OESLG6Y829 | Long             | EC               | CORP              | US        |     11700 | NS      | $476541.00    | 1.72%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                | BBH SWEEP VEHICLE    | CUSIP: N/A<br>LEI: N/A                        | Long             | STIV             |  | US        |    438599 | PA      | $438599.46    | 1.59%             |  |  |  | No            |                  1 | On Loan: No      |
| Axalta Coating Systems Limited     | AXALTA COATING S     | CUSIP: G0750C108<br>LEI: 529900AGLPA40GV6H619 | Long             | EC               | CORP              | BM        |     14400 | NS      | $465264.00    | 1.68%             |  |  |  | No            |                  1 | On Loan: No      |
| Johnson Controls International PLC | JOHNSON CONTROLS     | CUSIP: G51502105<br>LEI: 549300XQ6S1GYKGBL205 | Long             | EC               | CORP              | IE        |      6950 | NS      | $832262.50    | 3.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Medtronic PLC                      | MEDTRONIC PLC        | CUSIP: G5960L103<br>LEI: 549300GX3ZBSQWUXY261 | Long             | EC               | CORP              | IE        |      7005 | NS      | $672900.30    | 2.43%             |  |  |  | No            |                  1 | On Loan: No      |
| Sensata Technologies Holding PLC   | SENSATA TECHNOLO     | CUSIP: G8060N102<br>LEI: 529900MS7KFYCY9MS037 | Long             | EC               | CORP              | GB        |      8175 | NS      | $272145.75    | 0.98%             |  |  |  | No            |                  1 | On Loan: No      |
| Chubb Ltd.                         | CHUBB LTD            | CUSIP: H1467J104<br>LEI: E0JAN6VLUDI1HITHT809 | Long             | EC               | CORP              | CH        |      2860 | NS      | $892663.20    | 3.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Magnum Ice Cream Co. NV (The)      | MAGNUM ICE CREAM     | CUSIP: N5505D105<br>LEI: 25490052LLF3XH6G9847 | Long             | EC               | CORP              | NL        |      2479 | NS      | $39285.81     | 0.14%             |  |  |  | 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