Objective
The Cullen Enhanced Equity Income ETF seeks long-term capital appreciation and current income by investing in large cap, dividend paying companies and then selectively writing covered calls on 25-40% of the portfolio holdings.
Portfolio Managers
Fund Facts
What is DIVP?
Yield/Rate
*3, 6 and 12 Month Trailing Distributed Rate represents all distributions for the past 3, 6, and 12 months, divided by the NAV per share. In addition to net interest income and dividends, distributions include return of capital (ROC), and any capital gains distributed. For estimated ROC by distribution please see the Fund’s 19a Notices below.
**30-Day SEC Yield is a compounded and annualized figure calculated according to a formula set by the SEC. The formula requires use of a specific methodlogy for calculating dividends and interest earned, and expenses accrued, during the period, and reflects the maximum offering price per fund share. The standardized computation is designed to facilitate yield comparisons among different funds.
Why invest in DIVP?
- Income Generation
The ETF aims to generate high income by collecting a combination of dividends and premiums received from selectively written call covered options. - Equity Market Participation
The portfolio writes call options on 25-40% of the portfolio holdings at any given time, allowing the underlying holdings to continue to have equity market participation. - Active Management
The portfolio management team consistently assesses the portfolio to maximize opportunities and minimize risk.
NAV
Through Nov 22, 2024
NAV
The media bid-ask spread is calculated by identifying national best bid and national best offer ("NBBO") for each Fund as of the end of each 10 second inerval during each trading day of the last 30 calendar days, or since the listing date of each Fund if shorter, and dividing the difference between each such bid and offer by the midpoint of the NBBO. The median of those values is identified and posted on each business day.
Market Price
Through Nov 22, 2024
Previous Day's Market Price
Performance
Through Nov 22, 2024
Daily Price/Nav Performance
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Average Annual Total Return (%)
| Through Sep 30, 2024 | MTD | QTD | YTD | 1 yr | 3 yr | Inception |
|---|---|---|---|---|---|---|
| NAV | 1.23 | 9.08 | - | - | - | 10.88 |
| Market Price | 1.23 | 9.13 | - | - | - | 10.88 |
| S&P 500 BW (BXM) Index | 1.40 | 5.54 | - | - | - | 9.49 |
Cumulative returns are shown for MTD, QTD, YTD, 1yr and since inception. 3yr returns are annualized.
| Through Sep 30, 2024 | MTD | QTD | YTD | 1 yr | 3 yr | Inception |
|---|---|---|---|---|---|---|
| NAV | 1.23 | 9.08 | - | - | - | 10.88 |
| Market Price | 1.23 | 9.13 | - | - | - | 10.88 |
| S&P 500 BW (BXM) Index | 1.40 | 5.54 | - | - | - | 9.49 |
Cumulative returns are shown for MTD, QTD, YTD, 1yr and since inception. 3yr returns are annualized.
The performance data quoted represents past performance. Past performance does not guarantee future results. The investment return and principal value of an investment will fluctuate so that an investor's shares, when sold or redeemed, may be worth more or less than their original cost and current performance may be lower or higher than the performance quoted. High short-term performance, when observed, is unusual and investors should not expect such performance to be repeated.
The market price returns are based on the official closing price of an ETF share or, if the official closing price isn't available, the midpoint between the nationa best bid and national best offer ("NBBO") as of the time the ETF calculates current NAV per share, and do not represent the returns you would receive if you traded shares at other times. NAVs are calculated using prices as of 4:00 PM East Time
Premium/Discount
Through Nov 22, 2024
| Days traded at Premium | ||
| Days traded at Net asset value | ||
| Days traded at Discount |
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Prices
Prices
| Ticker | CUSIP | Expense Ratio (%) | Premium/Discount | |
|---|---|---|---|---|
| DIVP | 00791R707 | 0.55% Gross and Net | $27.04 | - |
Holdings
Portfolio Highlights
Totals may not equal 100% due to rounding
The Fund’s holding and sector allocations may change at any time due to ongoing portfolio management. References to specific investments should not be construed as a recommendation by the Fund or Cullen Capital Management to buy or sell the securities.
Income Distribution History (DIVP)
Distribution History (DIVP)
Monthly distribution rates are calculated by dividing the monthly distribution per share by DIVP’s closing NAV on payable date.
Contacts
You should consider each Fund’s investment objectives, risks and charges and expenses carefully before investing or sending money. This and other important information about the investment company can be found in each Fund’s prospectus. Please read the prospectus carefully before investing.
Contact Representative
Phones open Monday - Thursday 8:30am - 6:30pm EST, and Friday 8:30am - 5:00pm EST.
1-833-4CULLEN
cullenETF@seic.com- Please do not send account or personal information via e-mail.
