In plain terms — NXG NextGen Infrastructure Income Fund
Shares currently cost about 6.4% less than the value of the assets behind them (a discount).
Over the past year it has averaged a 0.8% discount, so today's level is not high for this fund (Z-score +0.9). That describes the past; it does not predict where the discount goes next.
It pays regular distributions worth about 13.7% a year of the share price (12.8% of the assets). That is a payout rate, not a return: part of it may be capital being handed back.
Because the shares trade below the value of their assets, each dollar of reinvested distributions buys about $1.07 of assets — a ReinvestCapture™ rate of 14.6%, more than the payout rate itself. That is buying power, not a return.
The assets themselves grew 24.1% over the past year including distributions (NAV total return).
Annual costs are 4.88% of assets.
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Price and NAV, past year
Snapshot
Valuation vs. history
| Window | Average prem/disc | Std. dev. | Z-score | Observations |
|---|---|---|---|---|
| 3 months | +1.64% | 1.43% | +0.49 | 63 |
| 6 months | -1.23% | 4.25% | +0.84 | 123 |
| 1 year | -0.81% | 3.68% | +0.85 | 247 |
| 3 years | -1.46% | — | — | — |
| 5 years | -1.46% | — | — | — |
Current contemporaneous premium/discount +2.34% (close Oct 14, 2026 vs NAV Oct 13, 2026). 1-year range -9.82% to +7.88%. A negative Z-score means a wider discount than the window average — not that the fund is undervalued.
Performance
| Series | 1M | 3M | YTD | 1Y | 3Y (ann.) | 5Y (ann.) |
|---|---|---|---|---|---|---|
| Market price return | -1.09% | -12.73% | +9.29% | +11.02% | +18.86% | +2.45% |
| Market price total return | -0.01% | -10.05% | +19.61% | +25.56% | +36.51% | +14.97% |
| NAV return | +2.21% | -7.84% | +16.79% | +9.86% | — | — |
| NAV total return | +3.35% | -4.94% | +27.70% | +24.12% | — | — |
Through Oct 14, 2026. Total return reinvests distributions at the series value on the ex-date. Cumulative ≤ 1 year, annualised beyond.
About the fund
The NXG NextGen Infrastructure Income Fund is a closed-end equity vehicle, managed and launched by Cushing MLP Asset Management, LP. Its investment strategy focuses on acquiring equity holdings in firms that operate throughout the full spectrum of the energy supply chain. This includes companies engaged in upstream, midstream, and downstream energy activities, as well as those providing oil and gas services and logistics. Additionally, the fund allocates capital to energy-intensive industries such as chemical, metal, industrial, and manufacturing companies, alongside engineering and construction businesses. This U.S.-domiciled fund was established in 2012.
CEF Explorer research page for NXG NextGen Infrastructure Income Fund. Figures carry their own dates and sources; a discount to NAV does not guarantee convergence or any return. This is not investment advice.