The NXG Cushing Midstream Energy Fund (NYSE: SRV) is a closed-end management investment company that seeks total return through a combination of current income and capital appreciation by investing primarily in midstream energy infrastructure companies. Since its launch, the fund has concentrated on equities of master limited partnerships and corporations engaged in the transportation, storage, gathering and processing of crude oil, natural gas and natural gas liquids. Its portfolio spans a diverse set of assets, including interstate and intrastate pipelines, terminals, storage facilities and processing plants across key North American energy basins.
With a focus on North American energy hubs such as the Permian Basin, Bakken, Eagle Ford and Marcellus/Utica regions, the fund allocates capital to companies that operate critical infrastructure linking upstream producers to downstream markets. Holdings typically include midstream operators with fee-based contracts that generate stable cash flows, as well as select infrastructure names in Canada and other global markets. The fund may employ leverage and utilize derivative instruments to manage risk and enhance yield, while maintaining a disciplined, research-driven approach to security selection.
Managed by Cushing Asset Management, a specialist firm formed in the mid-2000s, the fund benefits from a dedicated energy research team with decades of industry experience. The management group oversees day-to-day portfolio construction, risk monitoring and distribution policy, striving to deliver attractive monthly income to shareholders. Governance is provided by an independent board of directors, which ensures that the fund adheres to its investment objectives and maintains alignment with investor interests.
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