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NXG Cushing Midstream Energy Fund (SRV)

Specialty Equity Funds - MLP Funds

Data as of March 27, 2024
Current
Market Price $40.80 (+ $0.14)
NAV (March 27, 2024) $40.49 (+ $0.52)
Fund Listed NYSE
Premium / Discount 0.77% (-0.96%)
Fund Info
Inception Aug. 27, 2007
Sponsor Cushing MLP Asset Management
Website https://www.nxgim.com/...
Phone 214-635-1660
NAV Symbol XSRVX
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
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 $158M
Net Assets $117M
Market Cap $118M
Portfolio Turnover 161.58%
Total Leverage 25.47%
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 4.67%
Discount Data
Average Discount (3 Yr) -12.58%
Discount Low(3 Yr) -26.57%
Discount High(3 Yr) 11.93%
Discount Rel Range (3 Yr) 71.01%
Comp Discount 10.95
Discount St Dev (1Yr) 5.93
Z-Stat
Z-Stat (6mo) 0.88
Z-Stat (1Yr) 0.36
Z-Stat (3Yr) 1.40
Comp Z-Stat (6mo) 0.43
Comp Z-Stat (3Yr) 0.31
Distribution Data
Market Yield 13.24%
Income Yield 0.00%
Lev Adj NAV Yield 10.63%
Distribution Frequency M
Current Distribution $0.450
Current Income $0.000
Ex-Date 4/12/24
Payable Date 4/30/24
Div Growth (3yr) 275.00%
Dividend Change 200.0% on 9/1/22
Expected Div 6/3/24
RoC (1yr) 76.33%
RoC (3yr) 69.75%
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) $1,303
Avg Volume 30 day 36,555
Avg Volume 90 day 31,925
Volume Trend 14.50%
Comp Volume Trend 24.49%
Correlation & Volatility
Price Correlation (1yr)
vs. S&P 500 (TR)
19.0%
Price Correlation (1yr)
vs. CEFA's 12 Major CEF Sectors Index
36.0%
Price Correlation (1yr)
vs. CEFA's Master Limited Partnership (MLP) Fund Index
62.0%
Most Correlated Peer (Mk Pr): NTG 59.0%
NAV - Price Correlation (30 d) 92.7%
NAV - Price Correlation (90 d) 94.7%
NAV - Price Correlation (1 Yr) 77.2%
Price St Dev (1Yr) 21.8%
NAV St Dev (1Yr) 18.7%
Earnings
Earnings / Share (11/30/23) $-0.027
Earn Coverage 0.00%
Earnings Trend Down
UNII / Share (11/30/23) $-5.180
Rel UNII
UNII Trend Down
Performance
NAV Beta (2yr)
vs. S&P 500 (TR)
1.11
NAV Beta (2yr)
vs. CEFA's 12 Major CEF Sectors Index
1.80
NAV Beta (2yr)
vs. CEFA's Master Limited Partnership (MLP) Fund Index
1.12

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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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