Cullen Funds Trust Buys American Express Co, Packaging Corp of America, AT&T Inc, Sells Newmont Corp, Communication Services Select Sector SPDR Fund, Cisco Systems Inc

• New Purchases: AXP, PKG, T, SWKS, CNI, ADM, AXTA,
• Reduced Positions: CSCO, ORCL,
• Sold Out: NEM, XLC,

For the details of Cullen Value Fund's stock buys and sells, go to https://www.gurufocus.com/guru/cullen+value+fund/current-portfolio/portfolio

1. Morgan Stanley (MS) - 12,370 shares, 4.48% of the total portfolio.
2. JPMorgan Chase & Co (JPM) - 6,884 shares, 4.19% of the total portfolio.
3. Thermo Fisher Scientific Inc (TMO) - 1,786 shares, 3.79% of the total portfolio.
4. Siemens AG (SIEGY) - 12,326 shares, 3.76% of the total portfolio.
5. Chubb Ltd (CB) - 5,723 shares, 3.69% of the total portfolio.

Cullen Funds Trust initiated holding in American Express Co. The purchase prices were between $158.72 and $176.77, with an estimated average price of $167.1. The stock is now traded at around $163.350000. The impact to a portfolio due to this purchase was 2.06%. The holding were 3,300 shares as of 2021-09-30.

Cullen Funds Trust initiated holding in Packaging Corp of America. The purchase prices were between $131.52 and $153.94, with an estimated average price of $142.67. The stock is now traded at around $130.570000. The impact to a portfolio due to this purchase was 2.05%. The holding were 4,012 shares as of 2021-09-30.

Cullen Funds Trust initiated holding in AT&T Inc. The purchase prices were between $26.96 and $29.23, with an estimated average price of $27.83. The stock is now traded at around $22.450000. The impact to a portfolio due to this purchase was 1.92%. The holding were 19,145 shares as of 2021-09-30.

Cullen Funds Trust initiated holding in Skyworks Solutions Inc. The purchase prices were between $164.78 and $196.67, with an estimated average price of $182.96. The stock is now traded at around $160.515000. The impact to a portfolio due to this purchase was 1.53%. The holding were 2,493 shares as of 2021-09-30.

Cullen Funds Trust initiated holding in Canadian National Railway Co. The purchase prices were between $101.48 and $127.22, with an estimated average price of $110.76. The stock is now traded at around $125.420000. The impact to a portfolio due to this purchase was 1.1%. The holding were 2,565 shares as of 2021-09-30.

Cullen Funds Trust initiated holding in Archer-Daniels Midland Co. The purchase prices were between $57.41 and $63, with an estimated average price of $59.97. The stock is now traded at around $64.640000. The impact to a portfolio due to this purchase was 1.01%. The holding were 4,507 shares as of 2021-09-30.

Cullen Funds Trust sold out a holding in Newmont Corp. The sale prices were between $53.71 and $63.98, with an estimated average price of $59.05.

Cullen Funds Trust sold out a holding in Communication Services Select Sector SPDR Fund. The sale prices were between $79.49 and $85.9, with an estimated average price of $82.66.