Cullen Enhanced Equity Income ETF (DIVP)

Cullen Enhanced Equity Income ETF (DIVP) is an exchange-traded fund in the Derivative Income category. It has $54.38M in assets, an expense ratio of 0.55% and a 3.92% dividend yield. Under normal circumstances, the fund invests at least 80% of its net assets, plus any borrowings for investment purposes, in dividend paying common stocks. As part of its strategy, the fund, in order to generate additional portfolio income, will selectively write (i.e., sell) covered call options, on a target range of between 25-40% of the underlying equity securities owned by the fund (although the fundamental “value” features of the fund’s approach to portfolio security selection stated above…