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DIVPCullen Enhanced Equity Income ETF

Get income2y track recordRanked #1,081 of 1,650 in this goal

Seeks long-term capital appreciation and current income.

By Cullen Capital Management, LLC · Launched 2024

Annual Cost

0.55%

#2,921 of 5,861 · average

Fund Size

$54M

#3,573 of 5,861 · mid-size

Dividend YieldGoal

3.92%

Track Record

2 years

#3,385 of 5,861 · seasoned

Performance

Total-return NAV · USD
Growth of $10,000
$11,627+16.3%

Total-return NAV, USD. Net of fund fees, before tax.

What's inside

How Beacon categorizes this fund

Asset class

Alternative

Region

North america

Strategy

Option income

What it actually holds

By weight

Concentration

Top 10 holdings = 39.0% of fund✓ well diversified

MERCK & CO., INC.
4.7%
CONOCOPHILLIPS
4.5%
EOG RESOURCES, INC.
4.2%
CISCO SYSTEMS, INC.
3.9%
EXXON MOBIL CORPORATION
3.8%
BRISTOL-MYERS SQUIBB COMPANY
3.8%
MEDTRONIC PUBLIC LIMITED COMPANY
3.7%
PPL CORPORATION
3.5%
COMCAST CORPORATION
3.5%
DUKE ENERGY CORPORATION
3.3%

Asset allocation

Stocks
96.7%
Cash
3.3%

Risk profile

Last 12 months · Sharpe & Sortino need 3+ years
Volatility (1Y)
10.5%Moderate

Year-on-year price swings

Max drawdown
-12.3%Mild

Worst peak-to-trough loss

Sharpe (3Y)
Unavailable

Needs 3+ years of history

Sortino (3Y)
Not yet

Needs 3+ years of history

Listing

Exchange
NYSE Arca

Full fund details

Objective
Seeks long-term capital appreciation and current income.
Strategy
Actively manages a portfolio primarily invested in dividend paying common stocks, employing a value style investing approach with a focus on high dividend yield. The Fund may also write covered call options on 25-40% of its holdings to generate additional income, while investing up to 30% in foreign securities through ADRs.
Inception date
March 6, 2024
Fund family
Cullen Capital Management, LLC

Our take

Structural notes on how this fund behaves. Read our guide on the 6 warning signs.

Covered call
Warning

The big yield isn't extra money

The headline distribution comes from selling call options, which caps the fund's upside. Across a full market cycle that trade costs more than it brings in — often 1 to 3 percentage points a year against just holding the index. Monthly payouts make the gap easy to miss on a return summary.

Sources: Israelov & Ndong, 'A Devil's Bargain: When Generating Income Undermines Investment Returns' (NDVR, 2023)

Educational analysis of structural product characteristics. Not investment advice. Always read the fund prospectus and consult a qualified advisor before investing. More

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Data updated on 2026-08-04