Cushing® NextGen Infrastructure Income:SZC

    Manage Alerts

    Overview

    As of 7/26/2021

     Share
    Price
    NAVPremium/
    Discount
    Current$43.71$54.25-19.43%
    52 Wk Avg$38.19$49.05-22.66%
    52 Wk High$50.94$59.53-12.02%
    52 Wk Low$26.07$36.86-32.09%
    Regular Distribution TypeIncome Only
    Distribution Rate5.85%
    Distribution Amount$0.2132
    Distribution FrequencyMonthly
    Past performance is no guarantee of future results.

    Basic Information

    Investment Objective

    Effective as of April 3, 2020, the Fund will pursue its investment objective by investing, under normal market conditions, at least 80% of its net assets, plus any borrowings for investment purposes, in a portfolio of equity and debt securities of infrastructure companies, including energy infrastructure companies, industrial infrastructure companies, sustainable infrastructure companies and technology and communication infrastructure companies. As of April 3, 2020, it will no longer be a policy of the Fund to invest at least 80% of its Managed Assets in Renaissance Companies.

    Capital Structure

    As of 7/26/2021

    Total Investment Exposure:$159.453M
    Total Common Assets:$141.143M
    Common Shares Outstanding:2,601,714
    Leverage

    As of 7/26/2021

    Preferred Share Assets:
    Total Debt (USD): $18.310M
    Regulatory Leverage (USD): $18.310M
    Effective Leverage (USD): $18.310M
    Effective Leverage (%): 11.48%
    Annual Expense Ratios

    As of 11/30/2020

      Per Common Share
    Management Fees1.39%
    Other Expenses:0.45%
    Baseline Expense: N/A
    Interest Expense:0.15%
    Total: 1.99%
    Fund Management

    Fund Sponsor
    Cushing Asset Management LP

    Portfolio Managers
    Jerry V. Swank, Judd B. Cryer

    Basics
    Category: Equity-Sector Equity
    Ticker: SZC
    NAV Ticker: XSZCX
    Average Daily Volume (shares): 15,354
    Average Daily Volume (USD): $0.593M
    Inception Date: 9/26/2012
    Inception Share Price: $25.00
    Inception NAV: $23.83
    Tender Offer: No
    Term: No
    Fiscal Year End: November 30
    Third Party Links & Reports

    Distributions

    As of 7/26/2021

    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 11/30/2020
    -$0.1309
    Annualized Distribution Rate on NAV:
    As of 7/26/2021
    4.72%
    Total Return on NAV (12 months):
    As of 7/26/2021
    49.14%
    Avg. Portfolio Coupon:
    As of 7/26/2021
    7.83%
    Total % Portfolio Effectively Leveraged:
    As of 7/26/2021
    11.48%

    Pricing Information

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

    As of 7/26/2021

    PeriodAvg Discount
    6 Month-18.91%
    1 Year-22.66%
    3 Year-15.73%
    5 Year-12.84%
    Z-Score

    As of 7/26/2021

    PeriodZStat
    3 Month-1.41
    6 Month-0.16
    1 Year0.69
    Pricing History
    Date NAV Premium / Discount

    Performance

    Calendar Year Total Returns

    As of 6/30/2021
    Category: Morningstar US CEF Sector Equity

    Past 20 Years

    Return YearPriceNAVCategory - PriceCategory - NAV
    YTD32.14%19.19%19.32%13.04%
    2020-23.46%-9.81%5.15%5.71%
    201912.85%6.76%26.64%22.38%
    2018-9.44%2.70%-12.35%-9.96%
    201725.93%12.71%18.18%12.88%
    201635.70%26.84%17.45%14.67%
    2015-26.44%-24.32%-15.98%-12.75%
    2014-9.11%-8.21%5.16%4.65%
    201318.03%24.89%16.34%17.44%
    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 6/30/2021
    Category: Morningstar US CEF Sector Equity

    Past performance is no guarantee of future results.

    Portfolio Characteristics

    Portfolio Characteristics
    Average Coupon:
    As of 7/26/2021
    7.83%
    Number of Holdings:
    As of 6/30/2021
    65
    Annual Portfolio Turnover:
    As of 11/30/2020
    71.35%
    Asset Allocation

    As of 6/30/2021 reported by Fund Sponsor

    Top Sectors

    As of 6/30/2021 reported by Fund Sponsor

    Sector%Portfolio
    Sensitive (Super Sector)63.03%
    Energy44.55%
    Utilities17.92%
    Defensive (Super Sector)17.92%
    Cyclical (Super Sector)12.13%
    Real Estate12.13%
    Industrials8.31%
    Corporate (Super Sector)6.76%
    Corporate Bond6.76%
    Technology6.13%
    Top Holdings

    As of 6/30/2021 reported by Fund Sponsor

    HoldingValue% Portfolio
    CoreSite Realty Corp$9.05M4.44%
    Atlantica Sustainable Infrastructure PLC$7.63M3.74%
    Energy Transfer LP$7.54M3.70%
    MPLX LP Partnership Units$7.44M3.65%
    DCP Midstream LP$7.39M3.62%
    TC Energy Corp$7.32M3.59%
    Pembina Pipeline Corp$7.15M3.51%
    Vodafone Group PLC ADR$6.42M3.15%
    Clearway Energy Inc Class C$5.80M2.85%
    Kinder Morgan Inc Class P$5.73M2.81%
    Credit Quality

    As of 6/30/2021 reported by Fund Sponsor

    Maturity Breakdown

    As of 6/30/2021 reported by Fund Sponsor

    Country Allocation

    As of 6/30/2021 reported by Fund Sponsor

    Country% Portfolio
    United States - Equity64.42%
    Canada - Equity8.27%
    United Kingdom - Equity6.89%
    United States - Fixed Income6.76%
    France - Equity3.68%
    China - Equity3.18%
    Italy - Equity2.52%
    Spain - Equity1.38%
    Brazil - Equity1.09%
    Mexico - Equity0.98%
    India - Equity0.68%

    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.

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