NXG Cushing Midstream Energy Fund
SCHEDULE OF INVESTMENTS (Unaudited)
																		August 31, 2026
																								Fair
Common Stock - 117.3%																		Shares						Value
Canadian Midstream - 4.4%
Keyera Corp(3)(4)																		300,000						$       13,011,292
Cloud Services - 2.4%
Nebius Group NV(2)(3)																		16,500						3,404,280
DigitalOcean Holdings Inc(2)																		33,000						3,652,770
																								7,057,050
Cryptocurrency Miners - 2.8%
Cipher Digital Inc(1)(2)																		190,000						2,945,000
Core Scientific Inc(1)(2)																		148,000						2,412,401
IREN Ltd(1)(2)(3)																		80,000						2,969,200
																								8,326,601
Data Centers - 1.0%
CoreWeave Inc(1)(2)																		35,000						2,971,150
Electrical Power Equipment - 4.8%
GE Vernova, Inc.																		15,900						14,286,627
Engineering & Construction - 9.1%
Argan Inc(1)																		10,000						4,249,900
Dycom Industries Inc(2)																		9,000						2,620,890
MasTec Inc(2)																		24,800						5,946,544
Quanta Services Inc(1)																		13,300						8,074,297
Solv Energy Inc.(1)(2)																		140,000						3,572,800
Sterling Infrastructure Inc.(2)																		5,000						2,350,350
																								26,814,781
Fuels Distribution - 5.8%
Arko Corp																		550,000						2,508,000
Sunococorp LLC(1)																		188,000						14,607,600
																								17,115,600
Large Cap Diversified C Corps - 27.4%
Cheniere Energy, Inc.																		59,000						17,209,710
Enbridge Inc(3)																		170,000						8,596,900
Kinder Morgan, Inc.																		290,000						9,349,600
ONEOK Inc																		138,000						13,249,380
TC Energy Corp(3)																		218,000						13,631,540
Williams Companies, Inc.																		250,000						18,762,500
																								80,799,630
Natural Gas Gatherers & Processors - 18.5%
DT Midstream, Inc.(1)																		114,000						14,936,280
Kinetik Holdings Inc(1)																		300,000						16,449,000
Targa Resources Corporation																		79,000						23,198,350
																								54,583,630
Natural Gas Transportation & Storage - 2.4%
Excelerate Energy Inc(1)																		100,000						3,962,000
Venture Global Inc(1)																		210,000						3,074,400
																								7,036,400

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Oilfield Services - 7.6%
Kodiak Gas Services Inc																		175,000						10,284,750
Solaris Energy Infrastructure(1)																		240,000						12,184,800
																								22,469,550
Other Renewable Generation - 4.1%
Bloom Energy Corporation(2)																		58,000						11,965,400
Satellites - 1.6%
Iridium Communications Inc(1)																		100,000						4,698,000
Semiconductor Manufacturing - 1.0%
Entegris Inc(1)																		21,000						2,841,090
Solar Equipment - 1.7%
Nextpower Inc(2)																		60,000						4,921,800
Utilities - 17.1%
Constellation Energy Corp(1)																		46,500						12,776,805
Dominion Energy Inc(1)																		37,000						2,442,370
NextEra Energy Inc																		15,000						1,235,100
NRG Energy Inc																		106,000						11,672,720
Talen Energy Corp(1)(2)																		35,800						10,588,208
Vistra Corporation(1)																		86,300						11,855,031
																								50,570,234
Upstream - 2.0%
EagleRock Land LLC(2)																		230,000						5,842,000
Water Midstream - 3.6%
Select Water Solutions Inc																		180,000						3,510,000
WaterBridge Infrastructure LLC																		220,000						6,996,000
																								10,506,000
Total Common Stocks (Cost $346,730,765)																								$   345,816,835
MLP Investments and Related Companies - 25.6%																		Units
Large Cap Diversified C Corps - 6.9%
Plains GP Holdings, L.P.(1)																		717,000						$    20,233,740
Large Cap MLP - 14.0%
Energy Transfer, L.P.(1)																		1,250,000						26,887,500
MPLX, L.P.																		200,000						11,834,000
USA Compression Partners L.P.																		94,340						2,552,840
																								41,274,340
Natural Gas Gatherers & Processors - 3.1%
Western Midstream Partners, L.P.																		193,000						9,283,300
Upstream MLPs - 1.6%
TXO Energy Partners, L.P.																		330,000						4,778,400
Total MLP Investments and Related Companies (Cost $63,650,247)																								$    75,569,780
Preferred Stock - 0.8%

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Crude Oil & Refined Products - 0.2%
NGL Energy Partners, L.P.(1)																		20,313						$          524,685
Utilities - 0.6%
NextEra Energy Capital Holdings, Inc.(1)																		81,000						1,690,470
Total Preferred Stock (Cost $2,549,836)																								$      2,215,155
Short-Term Investments - Investment Companies - 4.6%																		Shares
First American Government Obligations Fund - Class X, 3.60%(1)(5)																		6,782,617						$      6,782,617
First American Treasury Obligations Fund - Class X, 3.60%(1)(5)																		6,782,617						6,782,617
Total Short-Term Investments - Investment Companies (Cost $13,565,234)																								$    13,565,234
Total Investments - 148.3% (Cost $426,496,082)																								$   437,167,004
Written Options(6) - (0.1)% (Premiums Received $292,404)																								(271,525)
Liabilities in Excess of Other Assets - (48.2)%																								(142,202,465)
Net Assets Applicable to Common Stockholders - 100.0%																								$   294,693,014
(1)			All or a portion of these securities are held as collateral pursuant to the loan agreements.
(2)			No distribution or dividend was made during the period ended August 31, 2026. As such, it is classified as a non-income producing security as of August 31, 2026.
(3)			Foreign issued security. Foreign concentration is as follows: Canada 11.96%, Netherlands 1.15%, and Australia 1.01%.
(4)			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 August 31, 2026, the value of these investments was $13,011,292 or 4.42% of total net assets.
(5)			Rate reported is the current yield as of August 31, 2026.
(6)			Description			Exercise Price			Expiration Date			Currency			Number of Contracts			Premiums Received			Fair Value			Unrealized Appreciation (Depreciation)
			Bloom Energy Corp			$235.00			9/4/2026			USD			250			$43,518			$32,500			$11,018
			Bloom Energy Corp			$245.00			9/4/2026			USD			250			22,521			16,000			6,521
			Cipher Digital Inc			$17.00			9/4/2026			USD			1,900			26,290			36,100			(9,811)
			Constellation Energy Corp			$292.50			9/4/2026			USD			200			20,903			12,400			8,503
			Constellation Energy Corp			$297.50			9/4/2026			USD			200			11,137			6,000			5,137
			Core Scientific Inc			$18.00			9/4/2026			USD			845			8,092			4,225			3,867
			CoreWeave Inc			$91.00			9/4/2026			USD			300			18,926			21,000			(2,074)
			DigitalOcean Holdings Inc			$124.00			9/4/2026			USD			150			6,667			6,000			667
			DigitalOcean Holdings Inc			$129.00			9/4/2026			USD			150			2,684			3,450			(766)
			GE Vernova Inc			$950.00			9/4/2026			USD			50			15,157			14,150			1,007
			GE Vernova Inc			$965.00			9/4/2026			USD			50			8,696			8,750			(54)
			IREN Ltd			$39.00			9/4/2026			USD			800			39,453			51,200			(11,747)
			Nebius Group NV(3)			$230.00			9/4/2026			USD			150			25,863			19,350			6,513
			NRG Energy Inc			$119.00			9/4/2026			USD			600			10,120			6,000			4,120
			Talen Energy Corp			$320.00			9/4/2026			USD			150			12,872			12,150			722
			Talen Energy Corp			$325.00			9/4/2026			USD			150			6,667			8,250			(1,583)
			Vistra Corp			$146.00			9/4/2026			USD			500			12,838			14,000			(1,162)
																		$292,404			$271,525			$20,879

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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:

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

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

•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
												Quoted Prices in						Significant
												Active Markets for			Significant Other			Unobservable
			Fair Value at									Identical Assets			Observable Inputs			Inputs
Description			August 31, 2026									(Level 1)			(Level 2)			(Level 3)
Assets Equity Securities
Common Stock (a)			$      345,816,835									$      345,816,835			$            -			$            -
Master Limited Partnerships and Related Companies (a)			75,569,780									75,569,780			-			-
Preferred Stock (a)			2,215,155									2,215,155			-
Total Equity Securities			423,601,770									423,601,770			-			-
Other       Short Term Investments (a)			13,565,234									13,565,234			-			-
Total Other			13,565,234									13,565,234			-			-
Total Assets			$      437,167,004									$      437,167,004			$             -			$             -
Liabilities Written Options
Written Options (a)			$             271,525									$             271,525			$             -			$             -
Total Liabilities			$             271,525									$             271,525			$             -			$             -

(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 August 31, 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 August 31, 2026.