The Cushing MLP Funds

 

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Current Income Opportunity

The Cushing® MLP Premier Fund invests in a diversified portfolio of energy infrastructure Master Limited Partnerships (MLPs). The Fund's investment adviser seeks to invest in companies with the strongest overall fundamentals. We look for companies with a history of high distribution growth, strong coverage ratios, solid balance sheets, superior competitive position and well-capitalized general partners.

Cushing® MLP Asset Management's deep “bottom-up” fundamental research supports a flexible approach to stock selection and enables us to adapt to evolving market trends and economic conditions.

 

 
 
Before you invest, please refer to the Prospectus, the Statement of Additional Information, and the Summary Prospectus for important information about the investment company, including investment objectives, risks, charges and expenses. You may also obtain a hardcopy of the Statutory Prospectus and/or Summary Prospectus by calling 877-965-7386. The prospectuses should be read carefully before you invest or send money.
 
The Fund is offered only to United States residents, and information on this site is intended only for such persons. Nothing on this web site should be considered a solicitation to buy or an offer to sell shares of the Fund in any jurisdiction where the offer or solicitation would be unlawful under the securities laws of such jurisdiction.
 
Mutual fund investing involves risk. Principal loss is possible. There is a risk to the future viability of the ongoing operation of MLPs that return investor's capital in the form of distributions.The Fund is nondiversified, meaning it may concentrate its assets in fewer individual holdings than a diversified fund. Therefore, the Fund is more exposed to individual stock volatility than a diversified fund. The fund will invest in Master Limited Partnerships (MLPs) which concentrate investments in the natural resource sector and are subject to the risks of energy prices and demand and the volatility of commodity investments. Damage to facilities and infrastructure of MLPs may significantly affect the value of an investment and may incur environmental costs and liabilities due to the nature of their business.  MLPs are subject to significant regulation and may be adversely affected by changes in the regulatory environment.  Investments in smaller companies involve additional risks such as limited liquidity and greater volatility. Investments in foreign securities involve greater volatility and political, economic and currency risks and differences in accounting methods. MLPs are subject certain risks inherent in the structure of MLPs, including complex tax structure risks, the limited ability for election or removal of management, limited voting rights, potential dependence on parent companies or sponsors for revenues to satisfy obligations, and potential conflicts of interest between partners, members and affiliates.
 
The Fund does not receive the same tax benefits as a direct investment in an MLP. The Fund is organized as a “C” corporation and is subject to U.S. federal income tax on its taxable income at the corporate tax rate (currently as high as 35%) as well as state and local income taxes. The potential tax benefits of investing in MLPs depend on them being treated as partnerships for federal income tax purposes. If the MLP is deemed to be a corporation then its income would be subject to federal taxation at the entity level, reducing the amount of cash available for distribution to the Fund which could result in a reduction of the fund’s value.
The Fund accrues deferred income taxes for future tax liabilities associated with the portion of MLP distributions considered to be a tax-deferred return of capital and for any net operating gains as well as capital appreciation of its investments. This deferred tax liability is reflected in the daily NAV and as a result the Fund’s after-tax performance could differ significantly from the underlying assets even if the pre-tax performance is closely tracked.
 
Although the fund is concentrated, diversifying investments within the portfolio does not guarantee a profit or protect from a loss in a declining market.