X0404 N-CEN LIVE 0001109957 XXXXXXXX 811-09871 true N-1A true Cullen Funds Trust 811-09871 0001109957 549300Z3TQTWACOAV180 645 Fifth Avenue Suite 1201 New York 10022 US-NY US 212-644-1800 Paralel Technologies LLC 1700 Broadway Suite 1850 Denver 80290 303-226-4150 All applicable accounts, books and documents required to be maintained by the Fund by Section 31(a) of the 1940 Act and the Rules promulgated thereunder are in the possession and custody of the Fund, c/o Paralel Technologies LLC. N N N N-1A 6 N Stephen G. Fredericks N/A N James P Cullen 000058395 Y Walter H Forman N/A N Daniel J. Campbell N/A N Jeffrey Hemmings N/A N James H. Wildman N/A N Robert J. Garry N/A N James Allen Goldstein 004855468 645 Fifth Avenue Suite 1201 New York 10022 XXXXXX Y N N N N N N Paralel Distributors LLC 8-70771 000316115 N/A N N PricewaterhouseCoopers LLP 238 5493002GVO7EO8RNNS37 N N N N N N Cullen Enhanced Equity Income Fund S000051935 549300PBKGNNW1V8NR77 N 3 0 0 N/A N N Y N N/A 0 0 Rule 18f-4 (17 CFR 270.18f-4) Y Y Y N Cullen Capital Management, LLC 801-57576 000113128 635400VGWI9BVRUU9Y28 N Paralel Technologies LLC 84-06828 N/A N N N ICE Data Pricing & Reference Data, LLC 5493000NQ9LYLDBCTL34 N N Brown Brothers Harriman 5493006KMX1VFTPYPW14 N N Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1)) N N Paralel Technologies LLC 1898031 CIK Number N N N CANTOR FITZGERALD & CO. 8-201 000000134 5493004J7H4GCPG6OB62 12258 EVERCORE GROUP L.L.C. 8-49830 000042405 5493008F0LRLS5N8LZ81 18482 COWEN PRIME SERVICES LLC 8-68531 000153397 5493008YIIJEE4T4UC61 75354 OPPENHEIMER & CO. INC. 8-4077 000000249 254900VH02JQR2L8XD64 12097 UBS SECURITIES LLC 8-22651 000007654 T6FIZBDPKLYJKFCRVK44 3790 JPMORGAN SECURITIES LLC 8-35008 000000079 ZBUT11V806EZRVTWT807 31835 BERENBERG CAPITAL MARKETS LLC 8-68821 000156757 5493007EG0CYRKKG9L11 10784 STRATEGAS SECURITIES, LLC 8-68138 000149326 254900D5NQ2O9DJLKH96 12204 DASH FINANCIAL TECHNOLOGIES LLC 8-52503 000104031 549300VYG4AYVBIDN394 73265 JEFFERIES LLC 8-15074 000002347 58PU97L1C0WSRCWADL48 28191 285166 0 Y 171772624 N N N Cullen Value Fund S000038163 549300YPGS4FYQ2YAG74 N 3 0 0 N/A N N Y N N/A 0 0 N/A Y Y Y N Cullen Capital Management, LLC 801-57576 000113128 635400VGWI9BVRUU9Y28 N Paralel Technologies LLC 84-06828 N/A N N N ICE Data Pricing & Reference Data, LLC 5493000NQ9LYLDBCTL34 N N Brown Brothers Harriman 5493006KMX1VFTPYPW14 N N Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1)) N N Paralel Technologies LLC 1898031 CIK Number N N N COWEN PRIME SERVICES LLC 8-68531 000153397 5493008YIIJEE4T4UC61 1270 KEEFE, BRUYETTE & WOODS, INC. 8-10888 000000481 549300OM47DQV01G4854 926 OPPENHEIMER & CO. INC. 8-4077 000000249 254900VH02JQR2L8XD64 1065 STRATEGAS SECURITIES, LLC 8-68138 000149326 254900D5NQ2O9DJLKH96 1715 STIFEL, NICOLAUS & COMPANY, INCORPORATED 8-1447 000000793 5WUVMA08EYG4KEUPW589 238 UBS SECURITIES LLC 8-22651 000007654 T6FIZBDPKLYJKFCRVK44 246 PIPER JAFFRAY & CO. 8-15204 000000665 549300GRQCWQ3XGH0H10 423 MORGAN STANLEY 8-68191 000149777 IGJSJL3JD5P30I6NJZ34 588 MERRILL LYNCH, PIERCE, FENNER & SMITH INCORPORATED 8-7221 000007691 8NAV47T0Y26Q87Y0QP81 1185 GOLDMAN SACHS & CO. LLC 8-129 000000361 FOR8UP27PHTHYVLBNG30 1922 9724 0 Y 22165898 N N N Cullen International High Dividend Fund S000006836 5493009XF4YG6B1C0283 N 5 0 0 N/A N N Y N N/A 0 0 N/A Y Y Y N Cullen Capital Management, LLC 801-57576 000113128 635400VGWI9BVRUU9Y28 N Paralel Technologies LLC 84-06828 N/A N N N ICE Data Pricing & Reference Data, LLC 5493000NQ9LYLDBCTL34 N N CITIBANK BRAZIL N/A BR N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) Brown Brothers Harriman 5493006KMX1VFTPYPW14 N N Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1)) N N Paralel Technologies LLC 1898031 CIK Number N N N SOCIETE GENERALE SECURITITIES SERVICES 8-22522 000007616 N/A 77403 DAIWA CAPITAL MARKETS AMERICA INC. 8-12242 000001576 M67H5PRC0NQKM73ZAS82 60421 WOOD (ARTHUR W.) COMPANY, INC. 8-3368 000003798 N/A 17335 ROBERT W. BAIRD & CO. INCORPORATED 8-497 000008158 549300772UJAHRD6LO53 18151 CREDIT AGRICOLE SECURITIES (USA) INC. 8-13753 000000190 549300WO2DKF0Q3YMV43 30615 HSBC SECURITIES (USA) INC. 8-41562 000019585 CYYGQCGNHMHPSMRL3R97 78041 AUERBACH GRAYSON & COMPANY LLC 8-45136 000030761 254900THN5ANAH8X1V30 37104 COWEN PRIME SERVICES LLC 8-68531 000153397 5493008YIIJEE4T4UC61 52310 DNB MARKETS, INC. 8-66024 000127605 549300JP2KNKSIPRRE59 24305 JEFFERIES LLC 8-15074 000002347 58PU97L1C0WSRCWADL48 26685 471812 0 Y 267598883 N N N Cullen Small Cap Value Fund S000026472 54930037NJ2DLWHPE647 N 5 0 0 N/A N N Y N N/A 0 0 N/A Y Y Y N Cullen Capital Management, LLC 801-57576 000113128 635400VGWI9BVRUU9Y28 N Paralel Technologies LLC 84-06828 N/A N N N ICE Data Pricing & Reference Data, LLC 5493000NQ9LYLDBCTL34 N N Brown Brothers Harriman 5493006KMX1VFTPYPW14 N N Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1)) N N Paralel Technologies LLC 1898031 CIK Number N N N STIFEL, NICOLAUS & COMPANY, INCORPORATED 8-1447 000000793 5WUVMA08EYG4KEUPW589 2346 PIPER JAFFRAY & CO. 8-15204 000000665 549300GRQCWQ3XGH0H10 1411 COWEN PRIME SERVICES LLC 8-68531 000153397 5493008YIIJEE4T4UC61 16974 GOLDMAN SACHS & CO. LLC 8-129 000000361 FOR8UP27PHTHYVLBNG30 1868 RAYMOND JAMES FINANCIAL SERVICES, INC. 8-17983 000006694 RGUZHJ05YTITL6D76949 10172 EVERCORE GROUP L.L.C. 8-68191 000149777 5493008F0LRLS5N8LZ81 1911 JPMORGAN SECURITIES LLC 8-35008 000000079 ZBUT11V806EZRVTWT807 1730 KEEFE, BRUYETTE & WOODS, INC. 8-10888 000000481 549300OM47DQV01G4854 4351 STRATEGAS SECURITIES, LLC 8-68138 000149326 254900D5NQ2O9DJLKH96 1915 MORGAN STANLEY 8-49830 000042405 IGJSJL3JD5P30I6NJZ34 2817 46860 0 Y 11622056 N N N Cullen High Dividend Equity Fund S000006835 549300RR98332922DP57 N 5 0 0 N/A N N Y N N/A 0 0 N/A Y Y Y N Cullen Capital Management, LLC 801-57576 000113128 635400VGWI9BVRUU9Y28 N Paralel Technologies LLC 84-06828 N/A N N N ICE Data Pricing & Reference Data, LLC 5493000NQ9LYLDBCTL34 N N Brown Brothers Harriman 5493006KMX1VFTPYPW14 N N Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1)) N N Paralel Technologies LLC 1898031 CIK Number N N N Morgan Stanley 8-68191 000149777 IGJSJL3JD5P30I6NJZ34 29488 STRATEGAS SECURITIES, LLC 8-68138 000149326 254900D5NQ2O9DJLKH96 32431 JPMORGAN SECURITIES LLC 8-35008 000000079 ZBUT11V806EZRVTWT807 54962 COWEN PRIME SERVICES LLC 8-68531 000153397 5493008YIIJEE4T4UC61 140209 INTL FCSTONE CREDIT TRADING LLC 8-49291 000041025 549300AWF3TOHRYL7754 39485 UBS SECURITIES LLC 8-22651 000007654 T6FIZBDPKLYJKFCRVK44 31587 KEEFE, BRUYETTE & WOODS, INC. 8-10888 000000481 549300OM47DQV01G4854 42229 MERRILL LYNCH, PIERCE, FENNER & SMITH INCORPORATED 8-7221 000007691 8NAV47T0Y26Q87Y0QP81 56613 GOLDMAN SACHS & CO. LLC 8-129 000000361 FOR8UP27PHTHYVLBNG30 44864 EVERCORE GROUP L.L.C. 8-49830 000042405 5493008F0LRLS5N8LZ81 46302 616725 0 Y 809235745 N N N Cullen Emerging Markets High Dividend Fund S000038162 54930056PEAHD8XRSC03 N 3 0 0 N/A N N Y N N/A 0 0 N/A Y Y Y N Cullen Capital Management, LLC 801-57576 000113128 635400VGWI9BVRUU9Y28 N Paralel Technologies LLC 84-06828 N/A N N N ICE Data Pricing & Reference Data, LLC 5493000NQ9LYLDBCTL34 N N CITIBANK BRAZIL N/A BR N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) SCB (TAIWAN) LTD N/A TW N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) HSBC BK (VIETNAM) N/A VN N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) HBME ADX/DFM N/A UA Y Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) BANCO DE CHILE N/A CL N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) HSBC INDIA (FPI) N/A IN N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) HSBC KOREA N/A KR N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) Brown Brothers Harriman 5493006KMX1VFTPYPW14 N N Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1)) HSBC SAUDI ARABIA AND SAB N/A SA N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) HBME QATAR N/A QA N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) N N Paralel Technologies LLC 1898031 CIK Number N N N DAIWA CAPITAL MARKETS AMERICA INC. 8-12242 000001576 M67H5PRC0NQKM73ZAS82 198623 ROBERT W. BAIRD & CO. INCORPORATED 8-00497 000008158 549300772UJAHRD6LO53 170640 BRADESCO SECURITIES, INC. 8-52806 000104347 5493005BOEQJY4OBZP25 49599 HSBC SECURITIES (USA) INC. 8-41562 000019585 CYYGQCGNHMHPSMRL3R97 91982 CREDIT AGRICOLE SECURITIES (USA) INC. 8-13753 000000190 549300WO2DKF0Q3YMV43 394648 MORGAN STANLEY 8-68191 000149777 IGJSJL3JD5P30I6NJZ34 55919 COWEN PRIME SERVICES LLC 8-68531 000153397 5493008YIIJEE4T4UC61 143878 AUERBACH GRAYSON & COMPANY LLC 8-45136 000030761 254900THN5ANAH8X1V30 254168 JEFFERIES LLC 8-15074 000002347 58PU97L1C0WSRCWADL48 129074 SOCIETE GENERALE SECURITITIES SERVICES 8-22522 000007616 N/A 70721 1715373 0 Y 622966758 N N N true