# EDGAR Filing Document

**Accession Number:** 0001400897
**File Stem:** 0000894189-26-013478
**Filing Date:** 2026-4
**Character Count:** 30025
**Document Hash:** 03f4784789120a3155e6f8cd1976904e
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000894189-26-013478.hdr.sgml**: 20260429

**ACCESSION NUMBER**: 0000894189-26-013478

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20260228

**FILED AS OF DATE**: 20260429

**DATE AS OF CHANGE**: 20260429

**PERIOD START**: 20261130

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** NXG Cushing Midstream Energy Fund
- **CENTRAL INDEX KEY:** 0001400897

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1130

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-22072
- **FILM NUMBER:** 26911090

**BUSINESS ADDRESS:**
- **STREET 1:** 4925 GREENVILLE AVENUE
- **STREET 2:** SUITE 1310
- **CITY:** DALLAS
- **STATE:** TX
- **ZIP:** 75206
- **BUSINESS PHONE:** 214-692-6334

**MAIL ADDRESS:**
- **STREET 1:** 4925 GREENVILLE AVENUE
- **STREET 2:** SUITE 1310
- **CITY:** DALLAS
- **STATE:** TX
- **ZIP:** 75206

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** CUSHING MLP & INFRASTRUCTURE TOTAL RETURN FUND
- **DATE OF NAME CHANGE:** 20180315

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Cushing MLP & Infrastructure Total Return Fund
- **DATE OF NAME CHANGE:** 20180307

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Cushing MLP Total Return Fund
- **DATE OF NAME CHANGE:** 20070524

## Nport-Ex

---

| | | |
|:---|:---|:---|
| **NXG Cushing Midstream Energy Fund** | **NXG Cushing Midstream Energy Fund** | **NXG Cushing Midstream Energy Fund** |
| **SCHEDULE OF INVESTMENTS (Unaudited)** | **SCHEDULE OF INVESTMENTS (Unaudited)** | **SCHEDULE OF INVESTMENTS (Unaudited)** |
| | **February 28, 2026** | **February 28, 2026** |
|  | | **Fair** |
| **Common Stock - 95.4%** | **Shares** | **Value** |
| **Canadian Midstream - 5.1%** | | |
| Keyera Corp<sup>(1)(3)(4)</sup> | 380000 | $14502987 |
| **Cloud Services - 0.2%** |  |  |
| DigitalOcean Holdings Inc<sup>(1)(2)</sup> | 10000 | 560600 |
| **Cryptocurrency Miners - 1.7%** |  |  |
| Cipher Digital Inc<sup>(1)(2)</sup> | 150000 | 2340000 |
| IREN Ltd<sup>(1)(2)(3)</sup> | 60000 | 2457000 |
|  |  | 4797000 |
| **Electrical Power Equipment - 1.5%** |  |  |
| GE Vernova, Inc. | 5000 | 4368000 |
| **Engineering & Construction - 6.4%** |  |  |
| MasTec Inc<sup>(2)</sup> | 12000 | 3576240 |
| Primoris Services Corp<sup>(1)</sup> | 40000 | 6028800 |
| Quanta Services Inc | 6000 | 3378480 |
| Solv Energy Inc.<sup>(1)(2)</sup> | 100000 | 3152000 |
| Sterling Infrastructure Inc.<sup>(2)</sup> | 5000 | 2140650 |
|  |  | 18276170 |
| **Exploration & Production - 1.6%** |  |  |
| Viper Energy Inc | 100000 | 4654000 |
| **Fuels Distribution - 6.5%** |  |  |
| ARKO Petroleum Corp<sup>(1)(2)</sup> | 350000 | 6653500 |
| Sunococorp LLC<sup>(1)</sup> | 200000 | 11978000 |
|  |  | 18631500 |
| **Large Cap Diversified C Corps - 31.9%** |  |  |
| Cheniere Energy, Inc.<sup>(1)</sup> | 57000 | 13436610 |
| Enbridge Inc<sup>(3)</sup> | 200000 | 10628000 |
| Kinder Morgan, Inc. | 580000 | 19296600 |
| ONEOK Inc | 190000 | 15726300 |
| TC Energy Corp<sup>(3)</sup> | 220000 | 14161400 |
| Williams Companies, Inc. | 240000 | 17932800 |
|  |  | 91181710 |
| **Natural Gas Gatherers & Processors - 17.4%** |  |  |
| DT Midstream, Inc.<sup>(1)</sup> | 120000 | 16660800 |
| Kinetik Holdings Inc | 300000 | 13647000 |
| Targa Resources Corporation | 82000 | 19335600 |
|  |  | 49643400 |
| **Oilfield Services - 1.0%** |  |  |
| Solaris Energy Infrastructure<sup>(1)</sup> | 60000 | 2977800 |
| **Other C-Corps - 1.1%** |  |  |
| EQT Corp | 50000 | 3071000 |
| **Other Renewable Generation - 2.7%** |  |  |
| Bloom Energy Corporation<sup>(2)</sup> | 50000 | 7783500 |
| **Refiners - 4.4%** |  |  |
| Marathon Petroleum Corp | 37000 | 7333770 |
| Phillips 66 | 33000 | 5092890 |
|  |  | 12426660 |
| **Solar Equipment - 1.3%** |  |  |
| Nextpower Inc<sup>(1)(2)</sup> |  | 3783600 |
| **Utilities - 12.6%** |  |  |
| Constellation Energy Corp | 15000 | 4948200 |
| NextEra Energy Inc<sup>(1)</sup> | 45000 | 4219650 |
| NRG Energy Inc | 30000 | 5368800 |
| Talen Energy Corp<sup>(1)(2)</sup> | 30000 | 11129100 |
| Vistra Corporation<sup>(1)</sup> | 60000 | 10433400 |
|  |  | 36099150 |
| Total Common Stocks (Cost $238,512,968) |  | $272757077 |
| **MLP Investments and Related Companies - 31.4%** | **Units** |  |
| **Coal - 1.8%** |  |  |
| Alliance Resource Partners LP | 191000 | $5059590 |
| **Crude Oil & Refined Products - 0.8%** |  |  |
| Genesis Energy L.P. | 130000 | 2347800 |
| **Large Cap Diversified C Corps - 4.9%** |  |  |
| Plains GP Holdings, L.P.<sup>(1)</sup> | 625000 | 14087500 |
| **Large Cap MLP - 16.6%** |  |  |
| Energy Transfer, L.P. | 1300000 | 24492000 |
| Enterprise Products Partners L.P. | 180000 | 6505200 |
| MPLX, L.P. | 280000 | 16503200 |
|  |  | 47500400 |
| **Natural Gas Gatherers & Processors - 5.9%** |  |  |
| Western Midstream Partners, L.P. | 405000 | 16843950 |
|  |  | 16843950 |
| **Upstream MLPs - 1.4%** |  |  |
| TXO Energy Partners, L.P. | 330000 | 4131600 |
| Total MLP Investments and Related Companies (Cost $79,106,436) |  | $89970840 |
| **Preferred Stock - 0.9%** |  |  |
| **Crude Oil & Refined Products - 0.2%** |  |  |
| NGL Energy Partners, L.P.<sup>(1)</sup> | 20313 | $514100 |
| **Utilities - 0.7%** |  |  |
| NextEra Energy Capital Holdings, Inc.<sup>(1)</sup> | 81000 | 1938330 |
| Total Preferred Stock (Cost $2,549,836) |  | $2452430 |
| **Short-Term Investments - Investment Companies - 5.6%** | **Shares** |  |
| First American Government Obligations Fund - Class X, 3.60%<sup>(1)(5)</sup> | 7990906 | $7990906 |
| First American Treasury Obligations Fund - Class X, 3.60%<sup>(1)(5)</sup> | 7990906 | 7990906 |
| Total Short-Term Investments - Investment Companies (Cost $15,981,812) |  | $15981812 |
| **Total Investments - 133.3% (Cost $336,151,052)** |  | $**381162159** |
| **Liabilities in Excess of Other Assets - (33.3)%** |  | **(95207881)** |
| **Net Assets Applicable to Common Stockholders - 100.0%** |  | $**285954278** |

---

<sup>(1)</sup> All or a portion of these securities are held as collateral pursuant to the loan agreements.

<sup>(2)</sup> No distribution or dividend was made during the period ended February 28, 2026. As such, it is classified as a non-income producing security as of February 28, 2026.

<sup>(3)</sup> Foreign issued security. Foreign concentration is as follows: Canada 13.74% and Australia 0.86%.

<sup>(4)</sup> Securities purchased pursuant to Rule 144A of the Securities Act of 1933, as amended, and may be sold only to dealers in that program or other "qualified institutional buyers." These securities have been deemed to be liquid by the Fund's adviser under the supervision of the Board of Trustees. As of February 28, 2026, the value of these investments was $14,502,987 or 5.07% of total net assets.

<sup>(5)</sup> Rate reported is the current yield as of February 28, 2026.

------

#### Fair Value Measurements

Various inputs that are used in determining the fair value of the Fund's investments are summarized in the three broad levels listed below:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Level 1 — quoted prices in active markets for identical securities

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Level 2 — other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risk, etc.)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Level 3 — significant unobservable inputs (including the Fund's own assumptions in determining the fair value of investments)

The inputs or methodology used for valuing securities are not necessarily an indication of the risk associated with investing in those securities.

These inputs are summarized in the three broad levels listed below.

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | | Fair Value Measurements at Reporting Date Using | Fair Value Measurements at Reporting Date Using | |
|  | | Quoted Prices in | | Significant |
|  | | Active Markets for | Significant Other | Unobservable |
|  | Fair Value at | Identical Assets | Observable Inputs | Inputs |
| Description | February 28, 2026 | (Level 1) | (Level 2) | (Level 3) |
| **Assets**<br> Equity Securities |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Common Stock <sup>(a)</sup> | $272757077 | $272757077 | $- | $- |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Master Limited Partnerships and Related Companies <sup>(a)</sup> | 89970840 | 89970840 | - | - |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Preferred Stock <sup>(a)</sup> | 2452430 | 2452430 | - |  |
| Total Equity Securities | 365180347 | 365180347 | - | - |
|  Other<br> &nbsp;&nbsp;&nbsp;&nbsp; Short Term Investments <sup>(a)</sup> | 15981812 | 15981812 | - | - |
| Total Other | 15981812 | 15981812 | - | - |
| Total Assets | $381162159 | $381162159 | $- | $- |

---

&nbsp;&nbsp;&nbsp;&nbsp;(a) All other industry classifications are identified in the Schedule of Investments. The Fund did not hold Level 3 investments at any time during
 the period ended February 28, 2026.

Transfers into and out of each level are measured at fair value at the end of the period. There were no transfers between any levels during the period ended February 28, 2026.

&nbsp;&nbsp;&nbsp;&nbsp;<br>

## Form NPORT-P: Monthly Portfolio Investments Report

### NPORT-P: Part A: General Information

**Item A.1. Information about the Registrant.**

- **a. Name of Registrant:** NXG Cushing Midstream Energy Fund

- **b. Investment Company Act file number:** 811-22072

- **c. CIK number of Registrant:** 0001400897

- **d. LEI of Registrant:** 5493006NXITDSHOHUT03

- **e. Address and telephone number of Registrant.**

  - **Street Address 1:** 4925 Greenville Ave

  - **City:** Dallas

  - **State:** TX

  - **Foreign country:** US

  - **Zip / Postal Code:** 75206

  - **Telephone number:** 214-692-6334

**Item A.2. Information about the Series.**

- **a. Name of Series:** NXG Cushing Midstream Energy Fund

- **c. LEI of Series:** 549300W2QLTRC8Y3NI93

**Item A.3. Reporting period.**

- **a. Date of fiscal year-end:** 2026-11-30

- **b. Date as of which information is reported:** 2026-02-28

**Item A.4. Final filing**

Does the Fund anticipate that this will be its final filing on Form N-PORT? **No**

### Fund Information

**Total Assets:** $395172024.51

**Total Liabilities:** $109179495.29

**Net Assets:** $285992529.22

**Monthly Return Information**

| Class        | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID N/A | 1.11%                | 5.20%                | 7.28%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $742868.02               | $-5915554.88                               |
| Month 2  | $-923192.96              | $23363581.47                               |
| Month 3  | $7171198.11              | $16753257.07                               |

**Designated Index Information**

- **Index Name:** N/A

- **Index Identifier:** N/A

### Schedule of Portfolio Investments

| Name                           | Title                                      | Identifiers                                   | Payoff Profile   | Asset Category   | Issuer Category   | Country   |   Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   |   Fair Value Level | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Alliance Resource Partners LP  | Alliance Resource Partners LP              | CUSIP: 01877R108<br>LEI: 529900T4Q5UPWOUFG783 | Long             | EC               | CORP              | US        |    191000 | NS      | $5059590.00   | 1.77%             |  |  |  | No            |                  1 | On Loan: No      |
| First American Government Obli | First American Government Obligations Fund | CUSIP: 31846V336<br>LEI: 549300R5MYM6VZF1RM44 | Long             | STIV             | RF                | US        |   9464543 | NS      | $9464542.81   | 3.31%             |  |  |  | No            |                  1 | On Loan: No      |
| MasTec Inc                     | MasTec Inc                                 | CUSIP: 576323109<br>LEI: 549300TMDIT8WREDOF45 | Long             | EC               | CORP              | US        |     12000 | NS      | $3576240.00   | 1.25%             |  |  |  | No            |                  1 | On Loan: No      |
| ARKO Petroleum Corp            | ARKO Petroleum Corp                        | CUSIP: 04124A100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    350000 | NS      | $6653500.00   | 2.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Bloom Energy Corp              | Bloom Energy Corp                          | CUSIP: 093712107<br>LEI: 549300XB5J9BFW5JXV97 | Long             | EC               | CORP              | US        |     50000 | NS      | $7783500.00   | 2.72%             |  |  |  | No            |                  1 | On Loan: No      |
| EQT Corp                       | EQT Corp                                   | CUSIP: 26884L109<br>LEI: 4NT01YGM4X7ZX86ISY52 | Long             | EC               | CORP              | US        |     50000 | NS      | $3071000.00   | 1.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Enbridge Inc                   | Enbridge Inc                               | CUSIP: 29250N105<br>LEI: 98TPTUM4IVMFCZBCUR27 | Long             | EC               | CORP              | CA        |    200000 | NS      | $10628000.00  | 3.72%             |  |  |  | No            |                  1 | On Loan: No      |
| TC Energy Corp                 | TC Energy Corp                             | CUSIP: 87807B107<br>LEI: 549300UGKOFV2IWJJG27 | Long             | EC               | CORP              | CA        |    220000 | NS      | $14161400.00  | 4.95%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                            | Cipher Digital Inc                         | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |     -1500 | NC      | $-1500.00     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| NGL ENERGY PARTNERS LP         | NGL Energy Partners LP                     | CUSIP: 62913M305<br>LEI: 5299005YSRP46BE8Z459 | Long             | EP               | CORP              | US        |     20313 | NS      | $514099.69    | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Primoris Services Corp         | Primoris Services Corp                     | CUSIP: 74164F103<br>LEI: 549300UF3OLBJ8D5K349 | Long             | EC               | CORP              | US        |     40000 | NS      | $6028800.00   | 2.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Solaris Energy Infrastructure  | Solaris Energy Infrastructure Inc          | CUSIP: 83418M103<br>LEI: 529900MTK3C8Y8TIIC10 | Long             | EC               | CORP              | US        |     34342 | NS      | $1704393.46   | 0.60%             |  |  |  | No            |                  1 | On Loan: No      |
| Talen Energy Corp              | Talen Energy Corp                          | CUSIP: 87422Q109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     30000 | NS      | $11129100.00  | 3.89%             |  |  |  | No            |                  1 | On Loan: No      |
| Western Midstream Partners LP  | Western Midstream Partners LP              | CUSIP: 958669103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    405000 | NS      | $16843950.00  | 5.89%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                            | IREN Ltd                                   | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |      -600 | NC      | $-600.00      | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Cipher Digital Inc             | Cipher Digital Inc                         | CUSIP: 17253J106<br>LEI: 254900QABG5HCQZ28A17 | Long             | EC               | CORP              | US        |    150000 | NS      | $2340000.00   | 0.82%             |  |  |  | No            |                  1 | On Loan: No      |
| TXO Partners LP                | TXO Partners LP                            | CUSIP: 87313P103<br>LEI: KWQMGYEOMKX7BT2PZF05 | Long             | EC               | CORP              | US        |    330000 | NS      | $4131600.00   | 1.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Targa Resources Corp           | Targa Resources Corp                       | CUSIP: 87612G101<br>LEI: 5493003QENHHS261UR94 | Long             | EC               | CORP              | US        |     82000 | NS      | $19335600.00  | 6.76%             |  |  |  | No            |                  1 | On Loan: No      |
| Cheniere Energy Inc            | Cheniere Energy Inc                        | CUSIP: 16411R208<br>LEI: MIHC87W9WTYSYZWV1J40 | Long             | EC               | CORP              | US        |     57000 | NS      | $13436610.00  | 4.70%             |  |  |  | No            |                  1 | On Loan: No      |
| Energy Transfer LP             | Energy Transfer LP                         | CUSIP: 29273V100<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | EC               | CORP              | US        |   1300000 | NS      | $24492000.00  | 8.56%             |  |  |  | No            |                  1 | On Loan: No      |
| Enterprise Products Partners L | Enterprise Products Partners LP            | CUSIP: 293792107<br>LEI: K4CDIF4M54DJZ6TB4Q48 | Long             | EC               | CORP              | US        |    180000 | NS      | $6505200.00   | 2.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Genesis Energy LP              | Genesis Energy LP                          | CUSIP: 371927104<br>LEI: 549300VJ5D6MDK138782 | Long             | EC               | CORP              | US        |    130000 | NS      | $2347800.00   | 0.82%             |  |  |  | No            |                  1 | On Loan: No      |
| NextEra Energy Inc             | NextEra Energy Inc                         | CUSIP: 65339F101<br>LEI: 254900RHL9MEUS5NKX63 | Long             | EC               | CORP              | US        |     50000 | NS      | $4688500.00   | 1.64%             |  |  |  | No            |                  1 | On Loan: No      |
| NEXTERA ENERGY CAPITAL         | NextEra Energy Capital Holdings Inc        | CUSIP: 65339K860<br>LEI: UMI46YPGBLUE4VGNNT48 | Long             | EP               | CORP              | US        |     81000 | NS      | $1938330.00   | 0.68%             |  |  |  | No            |                  1 | On Loan: No      |
| Solv Energy Inc                | Solv Energy Inc                            | CUSIP: 78475V103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    100000 | NS      | $3152000.00   | 1.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Sterling Infrastructure Inc    | Sterling Infrastructure Inc                | CUSIP: 859241101<br>LEI: 549300RZIK6K1215XU51 | Long             | EC               | CORP              | US        |      5000 | NS      | $2140650.00   | 0.75%             |  |  |  | No            |                  1 | On Loan: No      |
| Keyera Corp                    | Keyera Corp                                | CUSIP: 493271100<br>LEI: 254900LXI62FUHZGH122 | Long             | EC               | CORP              | CA        |    380000 | NS      | $14502987.43  | 5.07%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                            | GE Vernova Inc                             | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |       -50 | NC      | $-100.00      | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| DT Midstream Inc               | DT Midstream Inc                           | CUSIP: 23345M107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    120000 | NS      | $16660800.00  | 5.83%             |  |  |  | No            |                  1 | On Loan: No      |
| Dominion Energy Inc            | Dominion Energy Inc                        | CUSIP: 25746U109<br>LEI: ILUL7B6Z54MRYCF6H308 | Long             | EC               | CORP              | US        |     90000 | NS      | $5682600.00   | 1.99%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                            | First Solar Inc                            | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |      -250 | NC      | $-1000.00     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                            | Talen Energy Corp                          | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |      -100 | NC      | $-12000.00    | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Phillips 66                    | Phillips 66                                | CUSIP: 718546104<br>LEI: 5493005JBO5YSIGK1814 | Long             | EC               | CORP              | US        |     33000 | NS      | $5092890.00   | 1.78%             |  |  |  | No            |                  1 | On Loan: No      |
| Kinetik Holdings Inc           | Kinetik Holdings Inc                       | CUSIP: 02215L209<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    300000 | NS      | $13647000.00  | 4.77%             |  |  |  | No            |                  1 | On Loan: No      |
| First Solar Inc                | First Solar Inc                            | CUSIP: 336433107<br>LEI: 549300NPYMLM4NHTOF27 | Long             | EC               | CORP              | US        |     25000 | NS      | $4930000.00   | 1.72%             |  |  |  | No            |                  1 | On Loan: No      |
| First American Treasury Obliga | First American Treasury Obligations Fund   | CUSIP: 31846V328<br>LEI: 549300UU586IAH2B8H03 | Long             | STIV             | RF                | US        |   9464543 | NS      | $9464542.81   | 3.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Kinder Morgan Inc              | Kinder Morgan Inc                          | CUSIP: 49456B101<br>LEI: 549300WR7IX8XE0TBO16 | Long             | EC               | CORP              | US        |    580000 | NS      | $19296600.00  | 6.75%             |  |  |  | No            |                  1 | On Loan: No      |
| Marathon Petroleum Corp        | Marathon Petroleum Corp                    | CUSIP: 56585A102<br>LEI: 3BNYRYQHD39K4LCKQF12 | Long             | EC               | CORP              | US        |     37000 | NS      | $7333770.00   | 2.56%             |  |  |  | No            |                  1 | On Loan: No      |
| Viper Energy Inc               | Viper Energy Inc                           | CUSIP: 64361Q101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    100000 | NS      | $4654000.00   | 1.63%             |  |  |  | No            |                  1 | On Loan: No      |
| Nextpower Inc                  | Nextpower Inc                              | CUSIP: 65290E101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     36000 | NS      | $3783600.00   | 1.32%             |  |  |  | No            |                  1 | On Loan: No      |
| ONEOK Inc                      | ONEOK Inc                                  | CUSIP: 682680103<br>LEI: 2T3D6M0JSY48PSZI1Q41 | Long             | EC               | CORP              | US        |    190000 | NS      | $15726300.00  | 5.50%             |  |  |  | No            |                  1 | On Loan: No      |
| Quanta Services Inc            | Quanta Services Inc                        | CUSIP: 74762E102<br>LEI: SHVRXXEACT60MMH07S24 | Long             | EC               | CORP              | US        |      6000 | NS      | $3378480.00   | 1.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Sunococorp LLC                 | Sunococorp LLC                             | CUSIP: 86765Q106<br>LEI: 529900W6BS3KGM2OOQ61 | Long             | EC               | CORP              | US        |    200000 | NS      | $11978000.00  | 4.19%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                            | Vistra Corp                                | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |      -200 | NC      | $-600.00      | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| GE Vernova Inc                 | GE Vernova Inc                             | CUSIP: 36828A101<br>LEI: 254900DP080RU6OK2553 | Long             | EC               | CORP              | US        |      5000 | NS      | $4368000.00   | 1.53%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                            | Constellation Energy Corp                  | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |      -100 | NC      | $-97700.00    | -0.03%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                            | DigitalOcean Holdings Inc                  | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |      -100 | NC      | $-3750.00     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| IREN Ltd                       | IREN Ltd                                   | CUSIP: N/A<br>LEI: 254900FZF02RB3NNGB71       | Long             | EC               | CORP              | AU        |     60000 | NS      | $2457000.00   | 0.86%             |  |  |  | No            |                  1 | On Loan: No      |
| Constellation Energy Corp      | Constellation Energy Corp                  | CUSIP: 21037T109<br>LEI: 549300F8Y20RYGNGV346 | Long             | EC               | CORP              | US        |     15000 | NS      | $4948200.00   | 1.73%             |  |  |  | No            |                  1 | On Loan: No      |
| DigitalOcean Holdings Inc      | DigitalOcean Holdings Inc                  | CUSIP: 25402D102<br>LEI: 549300EPISPY3RE3DL21 | Long             | EC               | CORP              | US        |     10000 | NS      | $560600.00    | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| MPLX LP                        | MPLX LP                                    | CUSIP: 55336V100<br>LEI: 5493000CZJ19CK4P3G36 | Long             | EC               | CORP              | US        |    280000 | NS      | $16503200.00  | 5.77%             |  |  |  | No            |                  1 | On Loan: No      |
| NRG Energy Inc                 | NRG Energy Inc                             | CUSIP: 629377508<br>LEI: 5E2UPK5SW04M13XY7I38 | Long             | EC               | CORP              | US        |     30000 | NS      | $5368800.00   | 1.88%             |  |  |  | No            |                  1 | On Loan: No      |
| Plains GP Holdings LP          | Plains GP Holdings LP                      | CUSIP: 72651A207<br>LEI: 549300O56BSKRD8FAM12 | Long             | EC               | CORP              | US        |    625000 | NS      | $14087500.00  | 4.93%             |  |  |  | No            |                  1 | On Loan: No      |
| Vistra Corp                    | Vistra Corp                                | CUSIP: 92840M102<br>LEI: 549300KP43CPCUJOOG15 | Long             | EC               | CORP              | US        |     60000 | NS      | $10433400.00  | 3.65%             |  |  |  | No            |                  1 | On Loan: No      |
| Williams Cos Inc/The           | Williams Cos Inc/The                       | CUSIP: 969457100<br>LEI: D71FAKCBLFS2O0RBPG08 | Long             | EC               | CORP              | US        |    240000 | NS      | $17932800.00  | 6.27%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                            | Bloom Energy Corp                          | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |      -450 | NC      | $-450.00      | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                            | NRG Energy Inc                             | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |      -300 | NC      | $-27000.00    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2026-04-28

**Name of Applicant:** NXG Cushing Midstream Energy Fund

**Signature:** /s/ Blake Nelson

**Name of Signer:** NXG Cushing Midstream Energy Fund

**Title:** Chief Financial Officer