Key stats
About Cullen Enhanced Equity Income ETF
Home page
Inception date
Mar 6, 2024
Structure
Open-Ended Fund
Replication method
Physical
Dividend treatment
Distributes
Distribution tax treatment
Qualified dividends
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Primary advisor
Cullen Capital Management LLC
Distributor
SEI Investments Distribution Co.
ISIN
US00791R7070
DIVP invests in large- and mid-cap value stocks that generally have higher dividend yield than the average of the funds US benchmark. The fund identifies value stocks that have low price-to-earnings ratio with above-average earnings and dividend growth potential. Companies are screened using fundamental research. The fund may invest up to 30% in non-US companies in the form of ADRs. While the portfolio is not rebalanced systematically, weighting is roughly equal to avoid overweighting of individual securities. To generate additional income, the fund selectively writes covered call options with a target range of between 25-40%. However, the covered call overlay limits participation in potential gains if shares increase in value. The adviser may sell stocks that are no longer viewed as attractive based on growth potential, dividend yield, or price. As an actively managed ETF, the fund manager has full discretion to make buy, hold, or sell decisions at any time.
Classification
Returns
| 1 month | 3 months | Year to date | 1 year | 3 years | 5 years | |
|---|---|---|---|---|---|---|
| Price performance | — | — | — | — | — | — |
| NAV total return | — | — | — | — | — | — |
What's in the fund
Exposure type
Finance
Consumer Non-Durables
Energy Minerals
Health Technology
Stocks96.80%
Finance22.65%
Consumer Non-Durables10.93%
Energy Minerals10.25%
Health Technology10.18%
Utilities7.07%
Communications6.31%
Electronic Technology6.11%
Distribution Services5.49%
Process Industries4.51%
Transportation4.21%
Producer Manufacturing3.28%
Technology Services2.96%
Consumer Services2.66%
Bonds, Cash & Other3.20%
ETF3.03%
Cash0.37%
Rights & Warrants−0.21%
Stock breakdown by region
North America91.16%
Europe8.84%
Latin America0.00%
Asia0.00%
Africa0.00%
Middle East0.00%
Oceania0.00%
Top 10 holdings
Dividends
Dividend payout history
Assets under management (AUM)
Fund Flows
Frequently Asked Questions
DIVP invests in stocks. The fund's major sectors are Finance, with 22.70% stocks, and Consumer Non-Durables, with 10.95% of the basket. The assets are mostly located in the North America region.
DIVP top holdings are Citigroup Inc. and Medtronic Plc, occupying 4.30% and 4.14% of the portfolio correspondingly.
DIVP last dividends amounted to 0.16 USD. The month before, the issuer paid 0.14 USD in dividends, which shows a 9.97% increase.
DIVP assets under management is 34.17 M USD. It's risen 2.80% over the last month.
DIVP fund flows account for 24.92 M USD (1 year). Many traders use this metric to get insight into investors' sentiment and evaluate whether it's time to buy or sell the fund.
Yes, DIVP pays dividends to its holders with the dividend yield of 6.14%. The last dividend (Aug 29, 2025) amounted to 0.16 USD. The dividends are paid monthly.
DIVP shares are issued by Cullen Capital Management LLC under the brand Cullen. The ETF was launched on Mar 6, 2024, and its management style is Active.
DIVP expense ratio is 0.55% meaning you'd have to pay 0.55% of your investment to help manage the fund.
DIVP follows the No Underlying Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
DIVP invests in stocks.
DIVP price has fallen by −3.77% over the last month, and its yearly performance shows a −5.72% decrease. See more dynamics on DIVP price chart.
NAV returns, another gauge of an ETF dynamics, have fallen by −3.02% over the last month, showed a 0.65% increase in three-month performance and has increased by 4.55% in a year.
NAV returns, another gauge of an ETF dynamics, have fallen by −3.02% over the last month, showed a 0.65% increase in three-month performance and has increased by 4.55% in a year.
DIVP trades at a premium (0.10%) meaning the ETF is trading at a higher price than the calculated NAV.