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Name

As of 04/17/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

NXG Cushing Midstream Energy Fund of Benef Interest

XSRVX | Fund

$39.47

$95.4 M

0.00%

2.81%

Vitals

YTD Return

8.3%

1 yr return

5.9%

3 Yr Avg Return

5.8%

5 Yr Avg Return

27.9%

Net Assets

$95.4 M

Holdings in Top 10

55.8%

52 WEEK LOW AND HIGH

$39.4
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 2.81%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 77.57%

Redemption Fee N/A

Min Investment

Standard (Taxable)

N/A

IRA

N/A

Fund Classification

Fund Type

Closed-end mutual fund

Name

As of 04/17/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

NXG Cushing Midstream Energy Fund of Benef Interest

XSRVX | Fund

$39.47

$95.4 M

0.00%

2.81%

XSRVX - Profile

Distributions

  • YTD Total Return 8.3%
  • 3 Yr Annualized Total Return 5.8%
  • 5 Yr Annualized Total Return 27.9%
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio -0.74%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    NXG Cushing Midstream Energy Fund of Benef Interest
  • Fund Family Name
    Cushing Asset Management LP
  • Inception Date
    Sep 01, 2010
  • Shares Outstanding
    2183391
  • Share Class
    Other
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    John Musgrave

Fund Description

XSRVX - Performance

Return Ranking - Trailing

Period XSRVX Return Category Return Low Category Return High Rank in Category (%)
YTD 8.3% 0.9% 14.7% 73.33%
1 Yr 5.9% -1.3% 33.9% 96.19%
3 Yr 5.8%* 4.5% 34.4% 97.03%
5 Yr 27.9%* -8.3% 33.0% 4.44%
10 Yr 6.2%* -6.7% 10.7% 3.39%

* Annualized

Return Ranking - Calendar

Period XSRVX Return Category Return Low Category Return High Rank in Category (%)
2023 -6.5% -14.9% 18.2% 96.26%
2022 5.5% -7.0% 29.9% 90.38%
2021 30.4% 4.2% 55.3% 46.15%
2020 155.1% -57.4% 155.1% 0.97%
2019 11.7% -8.9% 20.8% 15.22%

Total Return Ranking - Trailing

Period XSRVX Return Category Return Low Category Return High Rank in Category (%)
YTD 8.3% 0.9% 14.7% 73.33%
1 Yr 5.9% -1.3% 33.9% 96.19%
3 Yr 5.8%* 4.5% 34.4% 97.03%
5 Yr 27.9%* -8.3% 33.0% 4.44%
10 Yr 6.2%* -6.7% 10.7% 3.39%

* Annualized

Total Return Ranking - Calendar

Period XSRVX Return Category Return Low Category Return High Rank in Category (%)
2023 -6.5% -9.3% 25.5% 99.07%
2022 5.5% -1.2% 38.8% 99.04%
2021 30.4% 11.1% 56.2% 86.54%
2020 155.1% -53.9% 155.1% 0.97%
2019 17.0% -3.4% 34.1% 13.04%

NAV & Total Return History

XSRVX - Holdings

Concentration Analysis

XSRVX Category Low Category High XSRVX % Rank
Net Assets 95.4 M 22 M 53.1 B 88.70%
Number of Holdings 34 16 175 37.61%
Net Assets in Top 10 65.6 M 19.6 M 3.1 B 90.83%
Weighting of Top 10 55.81% 40.8% 111.7% 87.16%

Top 10 Holdings

  1. Targa Resources Corp 7.20%
  2. First American Government Obligs X 6.54%
  3. First American Treasury Obligs X 6.54%
  4. Energy Transfer LP 6.48%
  5. Western Midstream Partners LP 5.80%
  6. Plains GP Holdings LP Class A 5.62%
  7. Cheniere Energy Inc 5.55%
  8. TC Energy Corp 5.10%
  9. Clearway Energy Inc Class C 4.97%
  10. Kinder Morgan Inc Class P 4.64%

Asset Allocation

Weighting Return Low Return High XSRVX % Rank
Stocks 		84.83% 53.33% 133.88% 92.66%
Cash 		13.09% -58.21% 13.58% 1.83%
Preferred Stocks 		2.08% 0.00% 2.34% 3.67%
Other 		0.00% -36.30% 4.52% 54.13%
Convertible Bonds 		0.00% 0.00% 5.29% 55.96%
Bonds 		0.00% -0.01% 44.12% 55.05%

Stock Sector Breakdown

Weighting Return Low Return High XSRVX % Rank
Energy 		86.20% 53.73% 100.00% 82.57%
Utilities 		10.25% 0.00% 41.78% 21.10%
Technology 		2.43% 0.00% 2.43% 0.92%
Industrials 		1.11% 0.00% 4.54% 4.59%
Real Estate 		0.00% 0.00% 3.96% 55.96%
Healthcare 		0.00% 0.00% 0.00% 55.05%
Financial Services 		0.00% 0.00% 0.66% 56.88%
Communication Services 		0.00% 0.00% 0.00% 55.05%
Consumer Defense 		0.00% 0.00% 0.82% 55.05%
Consumer Cyclical 		0.00% 0.00% 13.46% 60.55%
Basic Materials 		0.00% 0.00% 6.40% 76.15%

Stock Geographic Breakdown

Weighting Return Low Return High XSRVX % Rank
US 		75.11% 48.92% 132.40% 93.58%
Non US 		9.72% 0.00% 26.09% 20.18%

XSRVX - Expenses

Operational Fees

XSRVX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 2.81% 0.35% 8.81% 32.41%
Management Fee 1.25% 0.35% 1.38% 86.96%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.04% 0.15% N/A

Sales Fees

XSRVX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 4.50% 5.75% N/A
Deferred Load N/A 1.00% 1.00% N/A

Trading Fees

XSRVX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A N/A N/A N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

XSRVX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 77.57% 6.00% 166.00% 78.64%

XSRVX - Distributions

Dividend Yield Analysis

XSRVX Category Low Category High XSRVX % Rank
Dividend Yield 0.00% 0.00% 17.45% 94.78%

Dividend Distribution Analysis

XSRVX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Annual Monthly Annual

Net Income Ratio Analysis

XSRVX Category Low Category High XSRVX % Rank
Net Income Ratio -0.74% -6.38% 9.57% 73.15%

Capital Gain Distribution Analysis

XSRVX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually

Distributions History

View More +

XSRVX - Fund Manager Analysis

Managers

John Musgrave

Start Date

Tenure

Tenure Rank

May 29, 2020

2.01

2.0%

John Musgrave has worked as an investment analyst in the energy industry since 2004. Mr. Musgrave previously worked in Citigroup’s investment banking division where he focused on corporate finance and mergers & acquisitions in a wide range of industries, including energy MLPs. He also worked as an analyst for UBS Investment Bank’s Global Energy Group. Mr. Musgrave joined Cushing Asset Management in 2007, and his roles include research and portfolio management for the firm’s MLP-related funds. Mr. Musgrave received his B.B.A. in Finance from Texas A&M University.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.08 15.78 7.75 12.18

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