Cullen Enhanced Equity Income ETF (DIVP)

The Cullen Enhanced Equity Income ETF (DIVP) is an actively managed fund from Cullen Capital Management, a New York based firm known for its value-oriented, dividend-focused investing. It is listed on NYSE Arca.

The fund invests mainly in dividend-paying stocks of large companies selected with a value discipline, looking for businesses with attractive valuations and reliable payouts. To enhance income, it writes covered call options on a portion of its holdings, collecting option premiums in addition to the dividends the stocks pay.

Selling calls generates extra income but limits the portfolio's participation in strong upward moves in the underlying shares.