NXG Cushing Midstream Energy Fund:SRV

    Manage Alerts

    Overview

    As of 1/14/2025

     Share
    Price    		NAVPremium/
    Discount
    Current$46.80$47.09-0.62%
    52 Wk Avg$41.83$41.840.01%
    52 Wk High$47.45$48.608.38%
    52 Wk Low$33.46$34.82-10.07%
    Regular Distribution Type†Income Only
    Distribution Rate11.54%
    Distribution Amount$0.4500
    Distribution FrequencyMonthly
    Past performance is no guarantee of future results.

    Basic Information

    Investment Objective

    The Fund seeks to obtain a high after-tax total return from a combination of capital appreciation and current income. The Fund pursues its investment objective by investing, under normal market conditions, at least 80% of its net assets, plus any borrowings for investment purposes, in a portfolio of midstream energy investments.

    Capital Structure

    As of 1/14/2025

    Total Investment Exposure:$239.002M
    Total Common Assets:$187.687M
    Common Shares Outstanding:3,985,714
    Leverage

    As of 1/14/2025

    Preferred Share Assets:
    Total Debt (USD): $51.315M
    Regulatory Leverage (USD): $51.315M
    Effective Leverage (USD): $51.315M
    Effective Leverage (%): 21.47%
    Annual Expense Ratios

    As of 11/30/2024

      Per Common Share
    Management Fees1.55%
    Other Expenses:0.78%
    Baseline Expense: N/A
    Interest Expense:1.50%
    Total: 3.83%
    Fund Management

    Fund Sponsor
    Cushing Asset Management LP

    Portfolio Managers
    John Musgrave, Todd Sunderland

    Basics
    Category: Equity-MLP
    Ticker: SRV
    NAV Ticker: XSRVX
    Average Daily Volume (shares): 30,814
    Average Daily Volume (USD): $1.290M
    Inception Date: 8/27/2007
    Inception Share Price: $20.00
    Inception NAV: $19.06
    Tender Offer: No
    Term: No
    Fiscal Year End: November 30
    Third Party Links & Reports

    Distributions

    As of 1/14/2025

    Past performance is no guarantee of future results.
    Distribution History

    Enter declared start and end dates to display distribution history below. Income, Long Gain, Short Gain and ROC breakdowns will only be shown for the past year.

    to
    Declared Date Payable Date Ex Date Distrib Amount Income Long Gain Short Gain ROC

    *Indicates a Special Distribution: A distribution disbursed in addition to the normal distributions paid out by the company.

    Key Information Regarding Distributions†
    Avg. Earnings Per Share:
    As of 5/31/2024    		 $0.9980
    Annualized Distribution Rate on NAV:
    As of 1/14/2025    		11.47%
    Total Return on NAV (12 months):
    As of 1/14/2025    		37.37%
    Total % Portfolio Effectively Leveraged:
    As of 1/14/2025     		21.47%

    Pricing Information

    Premium/Discount Information
    Past performance is no guarantee of future results.
    Premium/Discount Information

    As of 1/14/2025

    PeriodAvg Discount
    6 Month-0.20%
    1 Year0.01%
    3 Year-6.96%
    5 Year-12.74%
    Z-Score

    As of 1/14/2025

    PeriodZStat
    3 Month0.33
    6 Month-0.11
    1 Year-0.18
    Pricing History
     from  
    Date NAV Premium / Discount

    Performance

    Calendar Year Total Returns

    As of 12/31/2024
    Category: Morningstar US CEF MLP

    Past 20 Years

    Return YearPriceNAVCategory - PriceCategory - NAV
    YTD51.16%37.37%54.42%40.80%
    202451.16%37.37%54.42%40.80%
    202317.10%7.72%20.36%10.57%
    202220.22%13.68%25.20%21.74%
    202150.45%35.65%56.43%44.11%
    2020-41.76%-30.05%-61.23%-56.67%
    201933.98%22.96%17.37%14.66%
    2018-21.60%-15.24%-22.71%-17.74%
    2017-4.17%-12.97%-0.99%-6.10%
    201640.36%36.31%34.01%32.63%
    2015-61.14%-46.23%-44.56%-43.51%
    2014-17.06%-18.17%4.09%6.22%
    201325.75%27.61%20.35%29.75%
    2012-10.04%-13.19%  
    2011-6.99%9.06%  
    201037.41%50.90%  
    2009120.35%102.62%  
    2008-69.28%-77.46%  
    Past performance is no guarantee of future results.
    Annualized Total Returns

    Returns for periods less than one year are cumulative rather than annualized

    As of 12/31/2024
    Category: Morningstar US CEF MLP

    Past performance is no guarantee of future results.

    Portfolio Characteristics

    Portfolio Characteristics
    Number of Holdings:
    As of 9/30/2024    		45
    Annual Portfolio Turnover:
    As of 11/30/2024    		161.58%
    Asset Allocation

    As of 9/30/2024

    Top Sectors

    As of 9/30/2024

    Sector%Portfolio
    Sensitive (Super Sector)85.01%
    Energy79.78%
    Defensive (Super Sector)12.56%
    Utilities12.56%
    Technology3.79%
    Industrials1.44%
    Preferred Stock1.38%
    Corporate (Super Sector)1.38%
    Cyclical (Super Sector)0.78%
    Financial Services0.78%
    Top Holdings

    As of 9/30/2024

    HoldingValue% Portfolio
    Energy Transfer LP$12.05M6.67%
    Targa Resources Corp$11.44M6.33%
    Cheniere Energy Inc$10.25M5.67%
    MPLX LP Partnership Units$9.07M5.02%
    Kinder Morgan Inc Class P$8.73M4.83%
    DT Midstream Inc Ordinary Shares$7.63M4.22%
    Plains GP Holdings LP Class A$7.40M4.10%
    TC Energy Corp$6.66M3.68%
    Viper Energy Inc Ordinary Shares - Class A$6.04M3.35%
    ONEOK Inc$6.01M3.33%
    Credit Quality

    As of 9/30/2024

    Country Allocation

    As of 9/30/2024

    Country% Portfolio
    United States - Equity86.52%
    Canada - Equity10.43%
    United Kingdom - Equity1.40%

    Closed-end fund historical distribution sources have included net investment income, realized gains, and return of capital. For more detailed information on the distributions of a specific fund, please visit the sponsor's website.

    NOTES:

    † Distribution type sourced from Morningstar. For specific information about a fund's distribution sources, visit the fund sponsor's website.

    The following information applies to closed-end funds in general: Fund shares are not guaranteed or endorsed by any bank or other insured depository institution, and are not federally insured by the Federal Deposit Insurance Corporation. Shares of closed-end funds are subject to investment risks, including the possible loss of principal invested. There can be no assurance that fund objectives will be achieved. Closed-end funds frequently trade at a discount to their net asset value. NAV returns are net of fund expenses, and assume reinvestment of distributions.

    E-2949862P-E0623W

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