Schafer Cullen Capital Management, Inc. - High Dividend
Monthly Update as of December 31, 2005 Top 10 Performers - One Month % of 1 Month Company Sector Portfolio Return Pfizer Inc Health 3.66 10.0 Bristol Myers Squibb Health 2.86 6.4 Cemex S A Materials 4.43 5.4 Raytheon Co Industrial 3.50 5.1 Petrochina Co Ltd Energy 4.49 4.1 J P Morgan Chase & C Finance 4.65 3.8 Altria Group Inc Con Staples 4.65 3.7 Sempra Energy Utility 6.03 2.7 Unilever N V Con Staples 4.28 2.5 Regions Finl Corp Finance 3.15 1.4 Bottom 10 Performers - One Month % of 1 Month Sector Portfolio Return Company Ford Mtr Co Cap Tr I Con Discr 3.92 -7.9 Verizon Communicatio Telecom 3.68 -5.8 Healthcare Rlty Tr Finance 3.07 -5.0 Conocophillips Energy 3.86 -3.9 Health Care Ppty Inv Finance 3.06 -2.7 Dow Chem Co Materials 4.37 -2.4 Heinz H J Co Con Staples 2.52 -2.0 At&T Inc Telecom 2.44 -1.7 Bre Properties Inc Finance 4.08 -1.3 Chevron Corp Energy 4.53 -0.9
Stocks Added to Portfolio
Company At&T Inc Sector Telecom % of Portfolio 2.4 Company At&T Inc
Stocks Removed from Portfolio
Sector Telecom % of Portfolio 2.5
Sector Allocation
Con Discr Con Staples Energy Finance Health Industrial Info Tech Materials Telecom Utility
0 4 8 7 9 4 6 6 6 6 10 Manage r Inde x 20 30 40 7 8 2 13 9 31 38 6 11 19
Sector Performance
-5.4 -0.2 1.1 -0.2 -0.2 2.8 -0.3 0.3 8.4 5.3 5.1 1.6 -0.9 1.4 3.4 -4.2 -3.9 2.7 1.3 -25 -20 -15 -10 -5 0 5 Manage r Inde x 10 15 20 25
Data provided by Wilshire Associates. Corporate actions such as name changes or ticker changes may result in inaccurate turnover information.