# EDGAR Filing Document

**Accession Number:** 0001716909
**File Stem:** 0001145549-23-002818
**Filing Date:** 2023-1
**Character Count:** 19218
**Document Hash:** bb6790b487a609a02784bd3d74e75c13
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001145549-23-002818.hdr.sgml**: 20230126

**ACCESSION NUMBER**: 0001145549-23-002818

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20221130

**FILED AS OF DATE**: 20230126

**DATE AS OF CHANGE**: 20230126

**PERIOD START**: 20221130

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Cushing Mutual Funds Trust
- **CENTRAL INDEX KEY:** 0001716909
- **IRS NUMBER:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1130

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-23293
- **FILM NUMBER:** 23555679

**BUSINESS ADDRESS:**
- **STREET 1:** 300 CRESCENT COURT, SUITE 1700
- **CITY:** DALLAS
- **STATE:** TX
- **ZIP:** 75201
- **BUSINESS PHONE:** (214) 692-6334

**MAIL ADDRESS:**
- **STREET 1:** 300 CRESCENT COURT, SUITE 1700
- **CITY:** DALLAS
- **STATE:** TX
- **ZIP:** 75201

## Series and Classes Contracts Data

### NXG Global Clean Equity Fund (Series ID: S000067866)

| Class ID   | Class Name     | Ticker Symbol   |
|:---|:---|:---|
| C000217641 | Class A Shares | CGCAX           |
| C000217642 | Class I Shares | CGCNX           |

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** Cushing Mutual Funds Trust

- **b. Investment Company Act file number:** 811-23293

- **c. CIK number of Registrant:** 0001716909

- **d. LEI of Registrant:** 549300E1MZ7EMSSQ2C69

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

  - **Street Address 1:** 600 North Pearl Street

  - **City:** Dallas

  - **State:** TX

  - **Foreign country:** US

  - **Zip / Postal Code:** 75201

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

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

- **a. Name of Series:** Global Clean Equity Fund

- **b. EDGAR series identifier (if any):** S000067866

- **c. LEI of Series:** 549300E6GJLESUNTHV47

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

- **a. Date of fiscal year-end:** 2022-11-30

- **b. Date as of which information is reported:** 2022-11-30

**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:** $13198982.87

**Total Liabilities:** $182782.83

**Net Assets:** $13016200.04

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000217641 | -13.30%              | -3.77%               | 13.66%               |
| Class ID C000217642 | -13.15%              | -3.83%               | 13.74%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-853165.30              | $-950177.77                                |
| Month 2  | $-500298.55              | $58968.36                                  |
| Month 3  | $165037.27               | $1400777.90                                |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Altus Power Inc                | Altus Power Inc                            | CUSIP: 02217A102<br>LEI: 5493005V83PBRWNLK259 | Long             | EC               | CORP              | US        |     41128 | NS      | $294065.20    | 2.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Ameresco Inc                   | Ameresco Inc                               | CUSIP: 02361E108<br>LEI: 529900NZXZGBCBXYY327 | Long             | EC               | CORP              | US        |      3439 | NS      | $225323.28    | 1.73%             |  |  |  | No            |                  1 | On Loan: No      |
| Array Technologies Inc         | Array Technologies Inc                     | CUSIP: 04271T100<br>LEI: 549300JM5FECYJQ85V37 | Long             | EC               | CORP              | US        |      5280 | NS      | $110563.20    | 0.85%             |  |  |  | No            |                  1 | On Loan: No      |
| ChargePoint Holdings Inc       | ChargePoint Holdings Inc                   | CUSIP: 15961R105<br>LEI: 254900DVN9TAC2GIPG25 | Long             | EC               | CORP              | US        |      8000 | NS      | $99360.00     | 0.76%             |  |  |  | No            |                  1 | On Loan: No      |
| Clearway Energy Inc            | Clearway Energy Inc                        | CUSIP: 18539C204<br>LEI: 549300LHAZ9HA9G3XC48 | Long             | EC               | CORP              | US        |      3344 | NS      | $118511.36    | 0.91%             |  |  |  | No            |                  1 | On Loan: No      |
| Energy Recovery Inc            | Energy Recovery Inc                        | CUSIP: 29270J100<br>LEI: 549300ZEQL52Z525WJ22 | Long             | EC               | CORP              | US        |      5000 | NS      | $115900.00    | 0.89%             |  |  |  | No            |                  1 | On Loan: No      |
| Enphase Energy Inc             | Enphase Energy Inc                         | CUSIP: 29355A107<br>LEI: 5493008U7KIGMI59Z314 | Long             | EC               | CORP              | US        |      1550 | NS      | $496914.50    | 3.82%             |  |  |  | No            |                  1 | On Loan: No      |
| EVgo Inc                       | EVgo Inc                                   | CUSIP: 30052F100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     10411 | NS      | $66630.40     | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Evoqua Water Technologies Corp | Evoqua Water Technologies Corp             | CUSIP: 30057T105<br>LEI: 529900YQAOMEZRGRRP43 | Long             | EC               | CORP              | US        |      2748 | NS      | $119510.52    | 0.92%             |  |  |  | No            |                  1 | On Loan: No      |
| FTC Solar Inc                  | FTC Solar Inc                              | CUSIP: 30320C103<br>LEI: 5493009MODNZ2HMPX761 | Long             | EC               | CORP              | US        |     55698 | NS      | $118079.76    | 0.91%             |  |  |  | No            |                  1 | On Loan: No      |
| First American Treasury Obliga | First American Treasury Obligations Fund   | CUSIP: 31846V328<br>LEI: N/A                  | Long             | STIV             | RF                | US        |    268280 | NS      | $268279.99    | 2.06%             |  |  |  | No            |                  1 | On Loan: No      |
| First American Government Obli | First American Government Obligations Fund | CUSIP: 31846V336<br>LEI: 549300R5MYM6VZF1RM44 | Long             | STIV             | RF                | US        |    268280 | NS      | $268279.98    | 2.06%             |  |  |  | No            |                  1 | On Loan: No      |
| First Solar Inc                | First Solar Inc                            | CUSIP: 336433107<br>LEI: 549300NPYMLM4NHTOF27 | Long             | EC               | CORP              | US        |      1040 | NS      | $179431.20    | 1.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Fluence Energy Inc             | Fluence Energy Inc                         | CUSIP: 34379V103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      8500 | NS      | $146030.00    | 1.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Itron Inc                      | Itron Inc                                  | CUSIP: 465741106<br>LEI: 24F6LSZD18II6ICG6S41 | Long             | EC               | CORP              | US        |      1830 | NS      | $97319.40     | 0.75%             |  |  |  | No            |                  1 | On Loan: No      |
| RWE AG                         | RWE AG                                     | CUSIP: N/A<br>LEI: 529900GB7KCA94ACC940       | Long             | EC               | CORP              | DE        |      4598 | NS      | $202409.37    | 1.56%             |  |  |  | No            |                  1 | On Loan: No      |
| JinkoSolar Holding Co Ltd      | JinkoSolar Holding Co Ltd                  | CUSIP: 47759T100<br>LEI: 529900Y93WNCS05FG852 | Long             | EC               | CORP              | CN        |      3000 | NS      | $153840.00    | 1.18%             |  |  |  | No            |                  1 | On Loan: No      |
| NIO Inc                        | NIO Inc                                    | CUSIP: 62914V106<br>LEI: 549300JBU4TV5OCKJV96 | Long             | EC               | CORP              | CN        |     13076 | NS      | $167111.28    | 1.28%             |  |  |  | No            |                  1 | On Loan: No      |
| NextEra Energy Partners LP     | NextEra Energy Partners LP                 | CUSIP: 65341B106<br>LEI: 5493008F4ZOQFNG3WN54 | Long             | EC               | CORP              | US        |      4435 | NS      | $356973.15    | 2.74%             |  |  |  | No            |                  1 | On Loan: No      |
| Niu Technologies               | Niu Technologies                           | CUSIP: 65481N100<br>LEI: 549300NJKNSC80EVQ065 | Long             | EC               | CORP              | CN        |     62183 | NS      | $238160.89    | 1.83%             |  |  |  | No            |                  1 | On Loan: No      |
| Enel SpA                       | Enel SpA                                   | CUSIP: N/A<br>LEI: WOCMU6HCI0OJWNPRZS33       | Long             | EC               | CORP              | IT        |     37809 | NS      | $203972.31    | 1.57%             |  |  |  | No            |                  1 | On Loan: No      |
| Plug Power Inc                 | Plug Power Inc                             | CUSIP: 72919P202<br>LEI: 549300JPDKRSJ8JSM954 | Long             | EC               | CORP              | US        |     27416 | NS      | $437559.36    | 3.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Rivian Automotive Inc          | Rivian Automotive Inc                      | CUSIP: 76954A103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      5051 | NS      | $161834.04    | 1.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Shoals Technologies Group Inc  | Shoals Technologies Group Inc              | CUSIP: 82489W107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      8000 | NS      | $231760.00    | 1.78%             |  |  |  | No            |                  1 | On Loan: No      |
| SolarEdge Technologies Inc     | SolarEdge Technologies Inc                 | CUSIP: 83417M104<br>LEI: 5493000K6Y58XXPDF853 | Long             | EC               | CORP              | IL        |      2090 | NS      | $624617.40    | 4.80%             |  |  |  | No            |                  1 | On Loan: No      |
| Stem Inc                       | Stem Inc                                   | CUSIP: 85859N102<br>LEI: 549300GVWIYFILN5V546 | Long             | EC               | CORP              | US        |     13000 | NS      | $169910.00    | 1.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Sunnova Energy International I | Sunnova Energy International Inc           | CUSIP: 86745K104<br>LEI: 549300JK1Y1VVC3JU540 | Long             | EC               | CORP              | US        |     21760 | NS      | $496780.80    | 3.82%             |  |  |  | No            |                  1 | On Loan: No      |
| SunPower Corp                  | SunPower Corp                              | CUSIP: 867652406<br>LEI: 549300TXO070764WUH65 | Long             | EC               | CORP              | US        |      8000 | NS      | $194000.00    | 1.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Sunrun Inc                     | Sunrun Inc                                 | CUSIP: 86771W105<br>LEI: 54930007SJ77CI66U531 | Long             | EC               | CORP              | US        |     22335 | NS      | $727674.30    | 5.59%             |  |  |  | No            |                  1 | On Loan: No      |
| Tesla Inc                      | Tesla Inc                                  | CUSIP: 88160R101<br>LEI: 54930043XZGB27CTOV49 | Long             | EC               | CORP              | US        |      1700 | NS      | $330990.00    | 2.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Wolfspeed Inc                  | Wolfspeed Inc                              | CUSIP: 977852102<br>LEI: 549300OGU88P3AW3TO93 | Long             | EC               | CORP              | US        |       900 | NS      | $81828.00     | 0.63%             |  |  |  | No            |                  1 | On Loan: No      |
| Xylem Inc/NY                   | Xylem Inc/NY                               | CUSIP: 98419M100<br>LEI: 549300DF5MV96DRYLQ48 | Long             | EC               | CORP              | US        |      2500 | NS      | $280875.00    | 2.16%             |  |  |  | No            |                  1 | On Loan: No      |
| XPeng Inc                      | XPeng Inc                                  | CUSIP: 98422D105<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |     13161 | NS      | $142270.41    | 1.09%             |  |  |  | No            |                  1 | On Loan: No      |
| NEL ASA                        | NEL ASA                                    | CUSIP: N/A<br>LEI: 549300G6XN5IXMRKEG37       | Long             | EC               | CORP              | NO        |    301907 | NS      | $470940.80    | 3.62%             |  |  |  | No            |                  1 | On Loan: No      |
| Solaria Energia y Medio Ambien | Solaria Energia y Medio Ambiente SA        | CUSIP: N/A<br>LEI: 959800PM2YJU406K2789       | Long             | EC               | CORP              | ES        |     33579 | NS      | $606376.65    | 4.66%             |  |  |  | No            |                  1 | On Loan: No      |
| Iberdrola SA                   | Iberdrola SA                               | CUSIP: N/A<br>LEI: 5QK37QC7NWOJ8D7WVQ45       | Long             | EC               | CORP              | ES        |     28314 | NS      | $319876.63    | 2.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Innergex Renewable Energy Inc  | Innergex Renewable Energy Inc              | CUSIP: 45790B104<br>LEI: 549300EORYEC4J59SU80 | Long             | EC               | CORP              | CA        |     11719 | NS      | $146710.75    | 1.13%             |  |  |  | No            |                  1 | On Loan: No      |
| SMA Solar Technology AG        | SMA Solar Technology AG                    | CUSIP: N/A<br>LEI: 529900Q6JQHI8X451Q21       | Long             | EC               | CORP              | DE        |     10365 | NS      | $698412.58    | 5.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Landis+Gyr Group AG            | Landis+Gyr Group AG                        | CUSIP: N/A<br>LEI: 529900PZYVAKCYSLFL19       | Long             | EC               | CORP              | CH        |      2628 | NS      | $183507.71    | 1.41%             |  |  |  | No            |                  1 | On Loan: No      |
| Vestas Wind Systems A/S        | Vestas Wind Systems A/S                    | CUSIP: N/A<br>LEI: 549300DYMC8BGZZC8844       | Long             | EC               | CORP              | DK        |      7993 | NS      | $207675.90    | 1.60%             |  |  |  | No            |                  1 | On Loan: No      |
| Scatec ASA                     | Scatec ASA                                 | CUSIP: N/A<br>LEI: 5967007LIEEXZXIARK36       | Long             | EC               | CORP              | NO        |     12015 | NS      | $107063.88    | 0.82%             |  |  |  | No            |                  1 | On Loan: No      |
| Orsted AS                      | Orsted AS                                  | CUSIP: N/A<br>LEI: W9NG6WMZIYEU8VEDOG48       | Long             | EC               | CORP              | DK        |      5930 | NS      | $519233.18    | 3.99%             |  |  |  | No            |                  1 | On Loan: No      |
| Atlantica Sustainable Infrastr | Atlantica Sustainable Infrastructure PLC   | CUSIP: N/A<br>LEI: 549300ITBBGKJ651R879       | Long             | EC               | CORP              | GB        |     14000 | NS      | $390600.00    | 3.00%             |  |  |  | No            |                  1 | On Loan: No      |
| ReNew Energy Global PLC        | ReNew Energy Global PLC                    | CUSIP: N/A<br>LEI: 254900SL77LA2KAG7R65       | Long             | EC               | CORP              | IN        |     74469 | NS      | $452026.83    | 3.47%             |  |  |  | No            |                  1 | On Loan: No      |
| FREYR Battery SA               | FREYR Battery SA                           | CUSIP: N/A<br>LEI: 222100QIBHPZGVW6UT76       | Long             | EC               | CORP              | NO        |     21356 | NS      | $291509.40    | 2.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Tritium DCFC Ltd               | Tritium DCFC Ltd                           | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | AU        |    101372 | NS      | $162195.20    | 1.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Azure Power Global Ltd         | Azure Power Global Ltd                     | CUSIP: N/A<br>LEI: 54930085G5UQETD7JX48       | Long             | EC               | CORP              | IN        |     27123 | NS      | $154872.33    | 1.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Maxeon Solar Technologies Ltd  | Maxeon Solar Technologies Ltd              | CUSIP: N/A<br>LEI: 5493007JPB074ITT6Y72       | Long             | EC               | CORP              | SG        |     21800 | NS      | $501836.00    | 3.86%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2023-01-23

**Name of Applicant:** Cushing Mutual Funds Trust

**Signature:** /s/ Blake Nelson

**Name of Signer:** Cushing Mutual Funds Trust

**Title:** Chief Financial Officer