Cushing® NextGen Infrastructure Income (SZC)

8.22 +0.22  +2.75% NYSE May 29, 20:00 Delayed 2m USD
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Key Stats

Net Asset Value 9.95
Discount or Premium to NAV -17.39%
Turnover Ratio 59.32%
1 Year Fund Level Flows -11.88M

Performance & Returns

  Total Return (Price) Total Return (NAV) Cat. Total Return (NAV) % Rank in Cat. (NAV)
1M 11.64% 7.04% 7.30% 1
3M -19.22% -16.64% -17.12% 75
6M -28.94% -26.35% -31.19% 50
YTD -34.16% -29.73% -35.86% 25
1Y -36.90% -32.49% -37.65% 50
3Y -13.56% -11.14% -17.56% 1
5Y -7.64% -8.62% -15.87% 1
10Y -- -- -1.57% --
15Y -- -- 0.75% --
20Y -- -- 2.16% --
As of May 29, 2020. Returns for periods of 1 year and above are annualized.

Asset Allocation

Type % Net % Long % Short
Cash 2.16% 2.16% 0.00%
Stock 76.97% 76.97% 0.00%
Bond 20.87% 20.87% 0.00%
Convertible 0.00% 0.00% 0.00%
Preferred 0.00% 0.00% 0.00%
Other 0.00% 0.00% 0.00%
As of March 31, 2020

Region Exposure

Americas 91.42%
North America 89.70%
Latin America 1.71%
Greater Europe 7.67%
United Kingdom 7.67%
Europe Developed 0.00%
Europe Emerging 0.00%
Africa/Middle East 0.00%
Greater Asia 0.91%
Japan 0.00%
Australasia 0.00%
Asia Developed 0.00%
Asia Emerging 0.91%
Market Classification
% Developed Markets 97.38%
% Emerging Markets 2.62%
As of March 31, 2020. Region breakdown data is calculated by using the long position holdings of the portfolio.

Stock Sector Exposure

Basic Materials 3.03%
Communication Services 0.00%
Consumer Cyclical 0.00%
Consumer Defensive 1.42%
Energy 48.84%
Financial Services 0.00%
Healthcare 0.00%
Industrials 2.82%
Real Estate 3.71%
Technology 3.90%
Utilities 36.29%
As of March 31, 2020

Stock Market Capitalization

Giant 0.00%
Large 19.35%
Medium 29.12%
Small 36.70%
Micro 14.83%
As of March 31, 2020

Stock Style Exposure

Large Cap Value 17.54%
Large Cap Blend 0.69%
Large Cap Growth 0.00%
Mid Cap Value 17.77%
Mid Cap Blend 5.65%
Mid Cap Growth 7.86%
Small Cap Value 43.55%
Small Cap Blend 0.00%
Small Cap Growth 6.94%
As of March 31, 2020

SZC Bond Exposure

Government 0.00%
Corporate 90.63%
Securitized 0.00%
Municipal 0.00%
Cash 9.37%
Derivative 0.00%
As of March 31, 2020

SZC Bond Credit Quality Exposure

AAA --
AA --
A --
BBB --
BB --
B --
Below B --
Not Rated --
Date Unavailable

SZC Bond Maturity Exposure

1 to 7 Days 0.00%
8 to 30 Days 0.00%
31 to 90 Days 0.00%
91 to 182 Days 0.00%
183 to 364 Days 0.00%
1 to 3 Years 25.51%
3 to 5 Years 6.90%
5 to 7 Years 23.60%
7 to 10 Years 44.00%
10 to 15 Years 0.00%
15 to 20 Years 0.00%
20 to 30 Years 0.00%
Over 30 Years 0.00%
As of March 31, 2020
View More Holdings

Top 10 Holdings

Symbol Name % Weight Price % Chg
AY Atlantica Yield PLC 7.51% 26.20 -0.53%
CWEN Clearway Energy Inc Class C 6.97% 21.91 +0.78%
PBFX PBF Logistics LP 5.35% 10.40 +1.46%
-- Panther BF Aggregator 2 LP / Panther Finance Company Inc 8.5% 5.01% -- --
NEP NextEra Energy Partners LP 4.22% 51.11 -0.56%
-- Southwestern Energy Company 7.75% 4.17% -- --
D Dominion Energy Inc 4.12% 85.01 +1.57%
SUN Sunoco LP 4.11% 25.80 +1.46%
-- PBF Holding Company LLC and PBF Finance Corp. 7.25% 3.67% -- --
SRE Sempra Energy 3.22% 126.31 -0.85%
As of March 31, 2020
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Basic Info

Investment Strategy
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.
General
Security Type Closed-End Fund
Equity Style Mid Cap/Value
Fixed Income Style --
Broad Asset Class Sector Equity
Broad Category Equity
Category Name Equity Energy
Prospectus Objective Growth and Income
Fund Owner Firm Name Cushing Asset Management LP
Reports
One Page Report Download

Manager Info

Name Tenure
Jerry Swank 7.60 yrs
Judd Cryer 7.60 yrs

Net Fund Flows

1M -717954.3
3M -2.196M
6M -8.176M
YTD -717954.3
1Y -11.88M
3Y -29.78M
5Y -30.13M
10Y --
As of Jan. 31, 2018

Risk Info

Beta (5Y) 1.919
Max Drawdown (All) 76.47%
Historical Sharpe Ratio (10Y) --
Historical Sortino (All) -0.1619
30-Day Rolling Volatility 42.34%
Daily Value at Risk (VaR) 1% (All) 5.18%
Monthly Value at Risk (VaR) 1% (All) 37.91%

Fundamentals

General
Dividend Yield TTM (5-29-20) 5.14%
30-Day SEC Yield --
7-Day SEC Yield --
Forecasted Dividend Yield 15.71%
Number of Holdings 49
Stock
Weighted Average PE Ratio 8.224
Weighted Average Price to Sales Ratio 0.3672
Weighted Average Price to Book Ratio 1.048
Weighted Median ROE 12.77%
Weighted Median ROA 2.84%
Forecasted PE Ratio 9.222
Forecasted PS Ratio 0.3181
Forecasted Price to Book Value 0.9364
Number of Stock Holdings 37
Bond
Current Yield 9.20%
Yield to Maturity 19.38%
Effective Duration --
Average Coupon 7.74%
Average Credit Score --
Average Price 66.21
Number of Bond Holdings 10
As of March 31, 2020

Comparables

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Attributes

Key Dates
Inception Date 9/26/2012
Termination Date
Last Annual Report Date 11/30/2019
Last Prospectus Date 12/31/2013
Attributes
Exchange Traded Share No
Exchange Traded Note No
Enhanced Index Fund No
Fixed Distribution Fund No
High-Net Worth Individual Fund No
Index Fund No
Inverse Fund No
Leveraged Fund Yes
Fund of Funds No
Currency Hedged Fund No
Synthetic Replication Fund No
Has Dividend Investment Plan Yes
Socially Responsible Fund No
General Availability
Available for Insurance Product No
Available for Retirement Plan No
Available for RRSP No
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