CGCNX — NXG Global Clean Equity Fund
Data updated: 2024-02-13
CGCNX — NXG Global Clean Equity Fund. Europe Small Cap Growth Equity · $546.31K AUM · 1.15% expense ratio. Holdings, fees, performance and SEC filings.
CGCNX Fund Overview
CGCNX — NXG Global Clean Equity Fund is a US mutual fund managed by Cushing Mutual Funds Trust, categorised as Europe Small Cap Growth Equity. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.
- Type: US mutual fund
- Manager: Cushing Mutual Funds Trust
- Category: Europe Small Cap Growth Equity
- Assets under management: $546.31K
- 1-year return: -49.4%
- Ticker: CGCNX
- SEC CIK: 0001716909
- SEC series ID: S000067866
- Share class ID: C000217642
CGCNX Investment Objective and Strategy
NXG Global Clean Equity Fund describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Cushing Mutual Funds Trust.
Investment objective
NXG Global Clean Equity Fund (formerly, Global Clean Equity Fund) seeks capital appreciation.
Principal investment strategy
Under normal market conditions, the Fund will invest at least 80% of its assets in equity securities of clean companies, which are companies that contribute to and benefit from clean energy generation, sustainable infrastructure and resources, transmission and distribution of clean energy, waste management, carbon reducing technologies and equipment, energy efficiency services and technologies, electrification of transportation, mobility and related services, sustainable agriculture and food production, water supply and management systems, and any related enabling technologies and materials (collectively, clean technologies). Clean companies include, but are not limited to, (i) clean energy companies, which are energy companies seeking to contribute to and benefit from the switch to renewable, lower carbon energy sources; (ii) clean infrastructure companies, which are infrastructure companies focused on improving utility transmission and distribution networks for future needs, (iii) clean transportation companies, which are transportation companies providing alternative energy vehicles, as well as the technologies supporting the future of transportation, including batteries and autonomous driving, and (iv) clean water companies, which are water companies seeking to address water scarcity through the use technology to make it possible to provide potable water, desalinate water and recycle water to increase its availability in previously underserved communities.
The Fund considers a clean company to be any company that has at least a majority of its assets, income, revenue, sales or profits committed to or derived from the ownership, operation, management, construction, development, servicing or financing of clean technologies. The Investment Adviser is committed to considering environmental, social, and governance (ESG) factors when evaluating portfolio investments. ESG factors and criteria may include, but are not limited to, environmental impact and sustainability issues, employee practices, corporate governance, stakeholder relations and business ethics. The Investment Adviser may obtain and consider ESG-related data and information from various sources, including third party ESG research and data services, analyst reports that incorporate ESG information, and ESG information made available by issuers.
The investment process of the Investment Adviser generally does not screen for, or exclude companies based on, specific ESG criteria, but instead seeks to identify and focus on ESG factors and third party ESG ratings that may impact the long-term value of investments and the total return of the Funds portfolio. Equity securities may include, but are not limited to, common stocks, preferred stocks, partnership interests, securities convertible into common stocks, rights, warrants, depositary receipts and securities of other investment companies. The Fund may invest in companies of all market capitalizations. These companies may be domiciled in the U.S. or foreign countries, potentially including companies domiciled or traded in emerging markets. The Fund considers emerging markets to be markets located in countries classified as emerging or frontier markets by MSCI, and are generally located in the Asia Pacific region, Eastern Europe, the Middle East, Central and South America, and Africa.
The Fund will generally provide exposure to investments that are economically tied to countries other than the U.S. Under normal market conditions, the Fund will invest at least 40% of its net assets in securities of issuers that are economically tied to at least three different countries other than the U.S. In determining whether an issuer is economically tied to a country, the Fund considers various factors including the issuers country of domicile, the primary stock exchange on which it trades, the location from which the majority of its revenue comes, and its reporting currency. The Fund may invest up to 20% of its assets in corporate debt securities, preferred stock and convertible securities, provided that such securities are (a) rated, at the time of investment, at least (i) B3 by Moodys , (ii) B- by S&P or Fitch, or (iii) of a comparable rating by another NRSRO, or (b) with respect to up to 20% of its assets in debt securities, preferred shares and convertible securities that have lower ratings or are unrated at the time of investment.
The Fund may invest in debt securities of any maturity or duration (a measure of the price sensitivity of a fixed-income investment to changes in interest rates, expressed as a number of years).
CGCNX Holdings
Top 10 holdings of NXG Global Clean Equity Fund by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| NIO Inc | 6.88% |
| Sunrun Inc | 6.05% |
| Switchback Energy Acquisition | 5.53% |
| Plug Power Inc | 4.79% |
| Tesla Inc | 4.38% |
| Niu Technologies | 4.19% |
| Solaria Energia y Medio Ambien | 4.04% |
| TPI Composites Inc | 4.01% |
| Akasol AG | 3.84% |
| NextEra Energy Inc | 3.48% |
CGCNX Portfolio Allocation
Asset-class allocation of NXG Global Clean Equity Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Equity | 93.2% |
| Cash & Equivalents | 6.2% |
CGCNX Performance
Total returns for CGCNX (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| 1 year | -49.4% |
| 3 years (annualised) | -19.1% |
CGCNX Risk Information
Risk metrics for CGCNX, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 50.9%
CGCNX Costs and Fees
CGCNX costs about $115 per $10,000 invested per year in fund expenses.
- Net expense ratio: 1.15%
- Gross expense ratio: 3.08%
- Portfolio turnover: 118%
- Brokerage commissions: 124.85 bps of average net assets (SEC N-CEN)
CGCNX Cashflows
Over the 12 months to 2023-08, NXG Global Clean Equity Fund had net inflows of $11.06M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2023-08 | $8.62M |
| 2023-07 | $24.84K |
| 2023-06 | $173.52K |
| 2023-05 | $135.19K |
| 2023-04 | $161.83K |
| 2023-03 | $53.14K |
CGCNX Debt Constituents
No individual debt constituents are reported in NXG Global Clean Equity Fund's latest SEC N-PORT filing.
CGCNX Prospectus and SEC Filings
Official NXG Global Clean Equity Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2023-03-29
- Prospectus (485BPOS) — filed 2021-03-26
- Prospectus supplement (497) — filed 2022-03-31
- Portfolio holdings (N-PORT) — filed 2023-10-26
- Portfolio holdings (N-PORT) — filed 2023-07-26
- Portfolio holdings (N-PORT) — filed 2023-04-28
- Annual census (N-CEN) — filed 2024-02-13
- Annual census (N-CEN) — filed 2023-02-13
Related Funds
Other Europe Small Cap Growth Equity funds tracked on ABC INVEST:
Data Sources
ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.