# EDGAR Filing Document

**Accession Number:** 0001109957
**File Stem:** 0000910472-26-002926
**Filing Date:** 2026-2
**Character Count:** 14552
**Document Hash:** ce4099f7de34e9cd0008d8059c9ac29b
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000910472-26-002926.hdr.sgml**: 20260226

**ACCESSION NUMBER**: 0000910472-26-002926

**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:** 26685678

**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 Small Cap Value Fund (Series ID: S000026472)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000079419 | Retail Class | CUSRX           |
| C000079420 | Class I      | CUSIX           |
| C000079421 | Class C      | CUSCX           |

## 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 Small Cap Value Fund

- **b. EDGAR series identifier (if any):** S000026472

- **c. LEI of Series:** 54930037NJ2DLWHPE647

**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:** $9672202.33

**Total Liabilities:** $146238.81

**Net Assets:** $9525963.52

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000079419 | -4.62%               | 0.52%                | -1.86%               |
| Class ID C000079420 | -4.67%               | 0.57%                | -1.89%               |
| Class ID C000079421 | -4.73%               | 0.51%                | -1.96%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $13110.13                | $-479467.86                                |
| Month 2  | $153013.16               | $-113448.26                                |
| Month 3  | $-42.56                  | $-207302.06                                |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Ameris Bancorp                        | AMERIS BANCORP       | CUSIP: 03076K108<br>LEI: PBJHNT51T5V6G5UQFV42 | Long             | EC               | CORP              | US        |      2653 | NS      | $197038.31    | 2.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Avient Corporation                    | AVIENT CORP          | CUSIP: 05368V106<br>LEI: SM8L9RZYIB34LNTWO040 | Long             | EC               | CORP              | US        |     11917 | NS      | $372287.08    | 3.91%             |  |  |  | No            |                  1 | On Loan: No      |
| Coterra Energy Inc                    | COTERRA ENERGY I     | CUSIP: 127097103<br>LEI: FCNMH6O7VWU7LHXMK351 | Long             | EC               | CORP              | US        |      5895 | NS      | $155156.40    | 1.63%             |  |  |  | No            |                  1 | On Loan: No      |
| Carters Inc.                          | CARTER'S INC         | CUSIP: 146229109<br>LEI: 5299003WAQK4R3L3ZU36 | Long             | EC               | CORP              | US        |      3893 | NS      | $126249.99    | 1.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Civitas Resources Inc                 | CIVITAS RESOURCE     | CUSIP: 17888H103<br>LEI: IIVIHPH28S64K95M2381 | Long             | EC               | CORP              | US        |      4539 | NS      | $122961.51    | 1.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Cousins Properties Inc.               | COUSINS PROP         | CUSIP: 222795502<br>LEI: 5493007XPYD5EJABN062 | Long             | EC               | CORP              | US        |     14620 | NS      | $376903.60    | 3.96%             |  |  |  | No            |                  1 | On Loan: No      |
| Crocs Inc                             | CROCS INC            | CUSIP: 227046109<br>LEI: 549300B0J6YCXD63OG72 | Long             | EC               | CORP              | US        |      1298 | NS      | $111004.96    | 1.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Douglas Elliman Inc                   | DOUGLAS ELLIMAN      | CUSIP: 25961D105<br>LEI: 549300BXICHPOXA1NO93 | Long             | EC               | CORP              | US        |    255516 | NS      | $605572.92    | 6.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Enterprise Financial Services Corp.   | ENTERPRISE FINAN     | CUSIP: 293712105<br>LEI: 5493001XTU5DLD632129 | Long             | EC               | CORP              | US        |      5041 | NS      | $272214.00    | 2.86%             |  |  |  | No            |                  1 | On Loan: No      |
| First Horizon Corporation             | FIRST HORIZON CO     | CUSIP: 320517105<br>LEI: TF3RXI1ZB1TQ30H9JV10 | Long             | EC               | CORP              | US        |     18722 | NS      | $447455.80    | 4.70%             |  |  |  | No            |                  1 | On Loan: No      |
| First Interstate Bancsystem Inc.      | FIRST INTER/MT-A     | CUSIP: 32055Y201<br>LEI: 549300WRWYTYX0RCNJ43 | Long             | EC               | CORP              | US        |      5245 | NS      | $181477.00    | 1.91%             |  |  |  | No            |                  1 | On Loan: No      |
| Great Lakes Dredge & Dock Corporation | GREAT LAKES DRED     | CUSIP: 390607109<br>LEI: 549300H65E3MZ1CX0P05 | Long             | EC               | CORP              | US        |     25123 | NS      | $329613.76    | 3.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Helmerich & Payne Inc                 | HELMERICH & PAYN     | CUSIP: 423452101<br>LEI: 254900NAOGHJ88RZ4C73 | Long             | EC               | CORP              | US        |      9154 | NS      | $262536.72    | 2.76%             |  |  |  | No            |                  1 | On Loan: No      |
| Highwoods Properties, Inc.            | HIGHWOODS PROP       | CUSIP: 431284108<br>LEI: ZIIGTYKL9T0X3HLTDX53 | Long             | EC               | CORP              | US        |     10763 | NS      | $277900.66    | 2.92%             |  |  |  | No            |                  1 | On Loan: No      |
| Huntsman Corporation                  | HUNTSMAN CORP        | CUSIP: 447011107<br>LEI: 5299000V56320A7RIQ67 | Long             | EC               | CORP              | US        |     15593 | NS      | $155930.00    | 1.64%             |  |  |  | No            |                  1 | On Loan: No      |
| Korn Ferry                            | KORN FERRY           | CUSIP: 500643200<br>LEI: 549300FOD20OM0GT5G40 | Long             | EC               | CORP              | US        |      1745 | NS      | $115204.90    | 1.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Lendingtree Inc                       | LENDINGTREE INC      | CUSIP: 52603B107<br>LEI: 549300ISY5YHUJZTON08 | Long             | EC               | CORP              | US        |     11836 | NS      | $628373.24    | 6.60%             |  |  |  | No            |                  1 | On Loan: No      |
| LoanDepot Inc.                        | LOANDEPOT INC -A     | CUSIP: 53946R106<br>LEI: 5493003261L42OH8RK59 | Long             | EC               | CORP              | US        |    176963 | NS      | $366313.41    | 3.85%             |  |  |  | No            |                  1 | On Loan: No      |
| M/I Homes Inc.                        | M/I HOMES INC        | CUSIP: 55305B101<br>LEI: 5299005M71FH9CCSFB69 | Long             | EC               | CORP              | US        |      3326 | NS      | $425561.70    | 4.47%             |  |  |  | No            |                  1 | On Loan: No      |
| Malibu Boats Inc                      | MALIBU BOATS INC - A | CUSIP: 56117J100<br>LEI: 549300MHGS3WZNRLUK77 | Long             | EC               | CORP              | US        |      8844 | NS      | $249489.24    | 2.62%             |  |  |  | No            |                  1 | On Loan: No      |
| Marriott Vacations Worldwide Corp     | MARRIOTT VACATIO     | CUSIP: 57164Y107<br>LEI: 549300WA6BT5H4F7IO94 | Long             | EC               | CORP              | US        |      8687 | NS      | $501153.03    | 5.26%             |  |  |  | No            |                  1 | On Loan: No      |
| MasterBrand Inc                       | MASTERBRAND          | CUSIP: 57638P104<br>LEI: 549300E0Y4BR5Z9RDZ64 | Long             | EC               | CORP              | US        |     38022 | NS      | $419762.88    | 4.41%             |  |  |  | No            |                  1 | On Loan: No      |
| Viper Energy Inc.                     | VIPER ENERGY I-A     | CUSIP: 64361Q101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      5337 | NS      | $206168.31    | 2.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Newmark Group Inc                     | NEWMARK GROUP-A      | CUSIP: 65158N102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     13154 | NS      | $228090.36    | 2.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Pennymac Financial Services Inc       | PENNYMAC FINANCI     | CUSIP: 70932M107<br>LEI: 549300W1D516HBDEU871 | Long             | EC               | CORP              | US        |      1474 | NS      | $194332.16    | 2.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Portland General Electric Company     | PORTLAND GENERAL     | CUSIP: 736508847<br>LEI: GJOUP9M7C39GLSK9R870 | Long             | EC               | CORP              | US        |      2502 | NS      | $120070.98    | 1.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Quaker Houghton                       | QUAKER CHEMICAL      | CUSIP: 747316107<br>LEI: 549300PJQ1R3WCWCPS54 | Long             | EC               | CORP              | US        |      2330 | NS      | $319932.30    | 3.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Sanfilippo(John B)                    | JOHN B SANFILIPP     | CUSIP: 800422107<br>LEI: 5299007IBEYVXKYDUX28 | Long             | EC               | CORP              | US        |      2790 | NS      | $196974.00    | 2.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Select Water Solutions Inc            | SELECT WATER SOL     | CUSIP: 81617J301<br>LEI: 54930094OK8LA3QDW486 | Long             | EC               | CORP              | US        |     17831 | NS      | $187582.12    | 1.97%             |  |  |  | No            |                  1 | On Loan: No      |
| Simmons First National Corp           | SIMMONS FIRST -A     | CUSIP: 828730200<br>LEI: 549300IVR5AJKUVOGN05 | Long             | EC               | CORP              | US        |     16816 | NS      | $316981.60    | 3.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Southstate Bank Corp.                 | SOUTHSTATE BANK      | CUSIP: 84472E102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      2798 | NS      | $263319.75    | 2.76%             |  |  |  | No            |                  1 | On Loan: No      |
| Under Armour, Inc.                    | UNDER ARMO-C         | CUSIP: 904311206<br>LEI: 549300D4549QKWETZ406 | Long             | EC               | CORP              | US        |     18850 | NS      | $90480.00     | 0.95%             |  |  |  | No            |                  1 | On Loan: No      |
| Varex Imaging Corporation             | VAREX IMAGIN         | CUSIP: 92214X106<br>LEI: 549300CWYWPVCT8E9W67 | Long             | EC               | CORP              | US        |     16539 | NS      | $192679.35    | 2.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Wesbanco Inc                          | WESBANCO INC         | CUSIP: 950810101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     11080 | NS      | $368299.20    | 3.87%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                   | BBH SWEEP VEHICLE    | CUSIP: N/A<br>LEI: N/A                        | Long             | STIV             |  | US        |    142763 | PA      | $142762.51    | 1.50%             |  |  |  | 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