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NXG Cushing Midstream Energy Fund (SRV)

Specialty Equity Funds - MLP Funds

Data as of June 14, 2024
Market Price $42.40 (+ $0.01)
NAV (June 14, 2024) $40.66 (- $0.78)
Fund Listed NYSE
Premium / Discount 4.28% (+1.99%)
Fund Info
Inception Aug. 27, 2007
Sponsor Cushing MLP Asset Management
Website https://www.nxgim.com/...
Phone 214-635-1660
Location Texas
Incorporated Delaware
Staggered Board Yes
Term Date N/A
Objective: Capital appreciation and current income; Natural resources and infrastructure MLPs
Related Indexes
15 Major CEF Sectors Index
High Income Index
Equity Income Index
60/40 Balanced (w/ BDCs) Index
Tax-Sensitive Income Index
Master Limited Partnership (MLP) Fund Index
Premium CEF/BDC Index
All Sector Equity CEF Index
Alternative Income Index
Capital & Leverage
Outstanding Shares 2,900,000
Total Assets (Reported: Nov. 30, 2023) $106M
Estimated Total Assets $159M
Net Assets $118M
Market Cap $123M
Portfolio Turnover 161.58%
Total Leverage 25.86%
Structural Leverage (out of total) 100.00%
Portfolio Leverage (out of total) 0.00%
Expense Ratio 3.52%
Non Lev Exp Ratio 2.02%
Rel Lev Cost 4.60%
Discount Data
Average Discount (3 Yr) -10.70%
Discount Low(3 Yr) -26.57%
Discount High(3 Yr) 11.93%
Discount Rel Range (3 Yr) 80.13%
Comp Discount 13.32
Discount St Dev (1Yr) 5.02
Z-Stat (6mo) 1.32
Z-Stat (1Yr) 0.73
Z-Stat (3Yr) 1.56
Comp Z-Stat (6mo) -0.45
Comp Z-Stat (3Yr) -0.11
Distribution Data
Market Yield 12.74%
Income Yield 0.00%
Lev Adj NAV Yield 10.55%
Distribution Frequency M
Current Distribution $0.450
Current Income $0.000
Ex-Date 6/17/24
Payable Date 6/28/24
Div Growth (3yr) 275.00%
Dividend Change 200.0% on 9/1/22
Expected Div 9/3/24
RoC (1yr) 93.64%
RoC (3yr) 71.96%
Tax Dividend Data 2022 2020 - 2022
Income 27.7% 52.8%
ST Gains 0% 0%
QDI 22.0% 34.4%
LT Gains 0% 0%
RoC 72.4% 47.2%
Volume & Liquidity
Average Daily $ (K) $1,134
Avg Volume 30 day 19,565
Avg Volume 90 day 26,742
Volume Trend -26.84%
Comp Volume Trend -29.89%
Correlation & Volatility
Price Correlation (1yr)
vs. S&P 500 (TR)
Price Correlation (1yr)
vs. CEFA's 12 Major CEF Sectors Index
Price Correlation (1yr)
vs. CEFA's Master Limited Partnership (MLP) Fund Index
Most Correlated Peer (Mk Pr): NTG 58.0%
NAV - Price Correlation (30 d) 15.3%
NAV - Price Correlation (90 d) 78.3%
NAV - Price Correlation (1 Yr) 84.0%
Price St Dev (1Yr) 25.3%
NAV St Dev (1Yr) 18.7%
Earnings / Share (11/30/23) $-0.027
Earn Coverage 0.00%
Earnings Trend Down
UNII / Share (11/30/23) $-5.180
UNII Trend Down
NAV Beta (2yr)
vs. S&P 500 (TR)
NAV Beta (2yr)
vs. CEFA's 12 Major CEF Sectors Index
NAV Beta (2yr)
vs. CEFA's Master Limited Partnership (MLP) Fund Index


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NOTES: Distribution type sourced from CEFdata.com. For specific information about a fund's distribution sources, visit the fund sponsor's website.

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