Cushing® MLP & Infras Total Return:SRV

    Manage Alerts

    Overview

    As of 7/3/2022. NAV as of 7/1/2022.

     Share
    Price
    NAVPremium/
    Discount
    Current$28.52$36.50-21.86%
    52 Wk Avg$31.76$39.21-19.05%
    52 Wk High$36.55$46.57-12.20%
    52 Wk Low$24.98$34.08-26.57%
    Regular Distribution TypeIncome Only
    Distribution Rate6.31%
    Distribution Amount$0.1500
    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. Under normal market conditions, the Fund will invest at least 80% of its net assets, plus any borrowings for investment purposes, in a portfolio of infrastructure master limited partnerships (“MLPs”) and MLP-related investments (together, “MLP Investments”) (the “80% policy”).

    Capital Structure

    As of 7/3/2022

    Total Investment Exposure:$113.409M
    Total Common Assets:$79.694M
    Common Shares Outstanding:2,183,391
    Leverage

    As of 7/1/2022

    Preferred Share Assets:
    Total Debt (USD): $33.715M
    Regulatory Leverage (USD): $33.715M
    Effective Leverage (USD): $33.715M
    Effective Leverage (%): 29.73%
    Annual Expense Ratios

    As of 11/30/2021

      Per Common Share
    Management Fees1.62%
    Other Expenses:0.59%
    Baseline Expense: N/A
    Interest Expense:0.60%
    Total: 2.81%
    Fund Management

    Fund Sponsor
    Cushing Asset Management LP

    Portfolio Managers
    John Musgrave

    Basics
    Category: Equity-MLP
    Ticker: SRV
    NAV Ticker: XSRVX
    Average Daily Volume (shares): 11,009
    Average Daily Volume (USD): $0.344M
    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 7/3/2022

    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.

    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 5/31/2021
    $1.0952
    Annualized Distribution Rate on NAV:
    As of 7/3/2022
    4.93%
    Total Return on NAV (12 months):
    As of 7/3/2022
    -4.62%
    Total % Portfolio Effectively Leveraged:
    As of 7/3/2022
    29.73%

    Pricing Information

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

    As of 7/4/2022

    PeriodAvg Discount
    6 Month-18.84%
    1 Year-19.05%
    3 Year-18.95%
    5 Year-15.58%
    Z-Score

    As of 7/4/2022

    PeriodZStat
    3 Month-1.05
    6 Month-1.24
    1 Year-0.81
    Pricing History
    Date NAV Premium / Discount

    Performance

    Calendar Year Total Returns

    As of 6/30/2022
    Category: Morningstar US CEF MLP

    Past 20 Years

    Return YearPriceNAVCategory - PriceCategory - NAV
    YTD-6.44%-0.64%11.86%8.73%
    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%9.61%3.20%
    2011-6.99%9.06%4.04%11.85%
    201037.41%50.90%27.29%32.90%
    2009120.35%102.62%  
    2008-69.28%-77.76%  
    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 6/30/2022
    Category: Morningstar US CEF MLP

    Past performance is no guarantee of future results.

    Portfolio Characteristics

    Portfolio Characteristics
    Number of Holdings:
    As of 3/31/2022
    34
    Annual Portfolio Turnover:
    As of 11/30/2021
    77.57%
    Asset Allocation

    As of 3/31/2022

    Top Sectors

    As of 3/31/2022

    Sector%Portfolio
    Sensitive (Super Sector)76.14%
    Energy73.13%
    Cash Equivalents (Super Sector)13.09%
    Cash Equivalents13.09%
    Defensive (Super Sector)8.70%
    Utilities8.70%
    Preferred Stock2.08%
    Corporate (Super Sector)2.08%
    Technology2.06%
    Industrials0.95%
    Top Holdings

    As of 3/31/2022

    HoldingValue% Portfolio
    Targa Resources Corp$8.45M7.20%
    Energy Transfer LP$7.61M6.48%
    Western Midstream Partners LP$6.81M5.80%
    Plains GP Holdings LP Class A$6.61M5.62%
    Cheniere Energy Inc$6.52M5.55%
    Kinder Morgan Inc Class P$5.45M4.64%
    Williams Companies Inc$4.44M3.78%
    Enterprise Products Partners LP$4.31M3.67%
    Marathon Petroleum Corp$4.19M3.57%
    MPLX LP Partnership Units$4.11M3.50%
    Credit Quality

    As of 3/31/2022

    Country Allocation

    As of 3/31/2022

    Country% Portfolio
    United States - Equity75.11%
    Canada - Equity9.01%
    India - Equity0.71%

    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.

    EWB-2036301PR-E0222X