# EDGAR Filing Document

**Accession Number:** 0001109957
**File Stem:** 0001999371-25-009699
**Filing Date:** 2025-7
**Character Count:** 4187
**Document Hash:** 0c208a6856b5e5609b46208e665f7c7c
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001999371-25-009699.hdr.sgml**: 20250724

**ACCESSION NUMBER**: 0001999371-25-009699

**CONFORMED SUBMISSION TYPE**: 497

**PUBLIC DOCUMENT COUNT**: 1

**FILED AS OF DATE**: 20250724

**DATE AS OF CHANGE**: 20250724

**EFFECTIVENESS DATE**: 20250724

**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:** 497
- **SEC ACT:** 1933 Act
- **SEC FILE NUMBER:** 333-33302
- **FILM NUMBER:** 251145894

**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 International High Dividend Fund (Series ID: S000006836)

---

|  |  |  |
|:---|:---|:---|
| Class Name   | Ticker Symbol | Class ID   |
| Retail Class | CIHDX         | C000018481 |
| Class C      | CIHCX         | C000018482 |
| Class I      | CIHIX         | C000018483 |

---

## Series and Classes Contracts Data

### Cullen International High Dividend Fund (Series ID: S000006836)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000018481 | Retail Class | CIHDX           |
| C000018482 | Class C      | CIHCX           |
| C000018483 | Class I      | CIHIX           |

**CULLEN FUNDS TRUST**

**Cullen International High Dividend Fund (the "Fund")**

**Supplement dated July 24, 2025** 

**to the Prospectus, Summary Prospectus and Statement of Addition Information ("SAI") dated October 28, 2024**

------

***Change to Portfolio Managers***

Effective immediately, Anuca Laudat will serve as a co-portfolio manager of the Fund. Ms. Laudat, who has worked at the Adviser since 2012, currently serves as Portfolio Manager and head of the Adviser's sustainability research and ESG engagement efforts. Accordingly, all references to the Fund's Portfolio Managers in the Fund's Prospectus, Summary Prospectus, and SAI are updated to include reference to Ms. Laudat.

The impacted Fund's investment objectives, strategies, and policies remain unchanged.

***Additional Changes to the SAI***

In the **Investment Advisory and Other Services** section, the following text and table is added under the sub-heading "*Other Accounts Managed*"\* on page B-34.

Anuca Laudat managed the following Other Accounts as of June 30, 2025:

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | | | Accounts with Advisory Fee<br> based on Performance | Accounts with Advisory Fee<br> based on Performance |
|  | <br>Total Assets | <br>Number of Accounts | Number of Accounts | Total Assets |
| &nbsp;&nbsp;Anuca Laudat1 |  |  |  |  |
| &nbsp;&nbsp; Other accounts | 5780300609 | 1987 |  |  |
| &nbsp;&nbsp; Other pooled vehicle | 69410582 | 1 |  |  |
| &nbsp;&nbsp; Registered Investment Company |  |  |  |  |

---

\* Other accounts managed includes accounts and assets of the Adviser and Schafer Cullen Capital Management, Inc., an affiliated entity.

Within the same section, the following text and table is added under the sub-heading "*Securities Owned in the Funds by Portfolio Managers*" on page B-36.

As of June 30, 2025, Anuca Laudat beneficially owned<sup>(1)</sup> the following dollar range of equity securities:

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Name of**<br> **Portfolio**<br> **Manager** | **High Dividend Fund** | **International High**<br> **Dividend Fund** | **Small Cap Value Fund** | **Value Fund** | **Emerging Markets**<br> **High Dividend**<br> **Fund** | **Enhanced**<br> **Equity**<br> **Income Fund** |
| Anuca Laudat |  | $1 - $10000 |  |  |  |  |

---

(1) Beneficial ownership is determined in accordance with Rule 16a-1(a)(2)
under the Securities Exchange Act of 1934, as amended.

**Thank you for your investment. If you have any questions, please call the Funds toll-free at 1-877-485-8586.** 

\* \* \*

**PLEASE RETAIN THIS SUPPLEMENT FOR FUTURE REFERENCE.**

&nbsp;&nbsp;&nbsp;&nbsp;

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