Form NPORT-P - Monthly Portfolio Investments Report on Form N-PORT (Public)

NXG NextGen Infrastructure Income Fund
SCHEDULE OF INVESTMENTS (Unaudited)

	August 31, 2024

			Fair
Common Stock - 105.4%	Shares		Value
Canadian Midstream - 0.1%
Pembina Pipeline Corporation⁽²⁾⁽⁴⁾		5,153	$	207,588

Cloud Services - 2.8%
Microsoft Corporation		10,000		4,171,400

Cloud Software - 1.5%
Nutanix Inc⁽³⁾		35,000		2,211,650

Crude Oil & Refined Products - 1.0%
Genesis Energy, L.P.		100,000		1,386,000

Cryptocurrency Miners - 1.5%
Cleanspark, Inc.⁽³⁾		200,000		2,138,000

Exploration & Production - 4.4%
Viper Energy, Inc.		135,500		6,449,800

Energy Metering & Management - 2.3%
Itron Inc⁽³⁾		34,000		3,475,480

Engineering & Construction - 6.6%
Jacobs Solutions, Inc.		19,000		2,866,720
Primoris Services Corporation		39,000		2,201,160
Quanta Services, Inc.		17,000		4,677,210
				9,745,090
Large Cap Diversified C Corps. - 25.0%
Cheniere Energy, Inc.		33,000		6,113,580
Kinder Morgan, Inc.		404,000		8,714,280
Oneok, Inc.		78,000		7,204,080
Pembina Pipeline Corporation⁽¹⁾⁽²⁾		98,847		3,981,557
TC Energy Corp⁽²⁾		104,500		4,842,530
Williams Companies, Inc.		133,000		6,087,410
				36,943,437
Mineral Royalties - 1.2%
Sitio Royalties Corporation		82,000		1,822,860

Natural Gas Gatherers & Processors - 12.2%
DT Midstream, Inc.		96,000		7,544,640
Kinetik Holdings, Inc.		98,136		4,341,537
Western Midstream Partners, L.P.		160,000		6,172,800
				18,058,977
Natural Gas Transportation & Storage - 13.9%
Antero Midstream Corporation		296,000		4,401,520
Enlink Midstream LLC		283,000		4,063,880
Hess Midstream, L.P.		113,500		4,239,225
Targa Res Corporation		53,500		7,859,150
				20,563,775
Refiners - 3.6%
Marathon Pete Corporation		15,000		2,656,800
Phillips 66		19,500		2,736,045
				5,392,845
Solar Equipment - 2.8%
First Solar Inc⁽³⁾		13,000		2,955,810
NEXTracker Inc⁽³⁾		31,000		1,260,770
				4,216,580
Utilities - 21.0%
American Electric Power Co Inc		14,000		1,403,920
Clearway Energy, Inc.⁽¹⁾		40,000		1,158,400
Constellation Energy Corporation		28,000		5,507,600
Duke Energy Corp		18,000		2,051,100
NextEra Energy Inc		27,000		2,173,770
NRG Energy Inc		76,000		6,460,760
Public Service Enterprise Group Inc		29,000		2,341,750
Southern Co/The		24,000		2,073,600
Vistra Corporation		92,000		7,859,560
				31,030,460
Waste - 1.5%
Republic Services Inc		11,000		2,290,310

Wireless Connectivity - 2.1%
Verizon Communications, Inc.		74,000		3,091,720

YieldCo - 1.9%
Atlantica Sustainable Infrastructure PLC⁽²⁾		130,000		2,835,300
Total Common Stocks (Cost $128,455,340)			$	156,031,272

Master Limited Partnerships and Related Companies - 23.6%	Units
Large Cap Diversified C Corps - 3.3%
Plains GP Holdings, L.P.⁽¹⁾		253,000	$	4,857,600

Large Cap MLP - 18.6%
Energy Transfer, L.P.⁽¹⁾		620,499		9,990,041
Enterprise Prods Partners, L.P.		186,500		5,471,910
MPLX, L.P.⁽¹⁾		186,000		7,975,680
Plains All American Pipeline LP		231,500		4,153,110
				27,590,741
Upstream MLP - 1.7%
TXO Energy Partners, L.P.		123,000		2,460,000
Total Master Limited Partnerships and Related Companies (Cost $22,409,891)			$	34,908,341

Real Estate Investment Trusts - 3.0%	Shares
Data Centers - 2.0%
Digital Realty Trust Inc		9,000	$	1,364,490
Equinix Inc		2,000		1,668,720
				3,033,210
Renewable Financing - 1.0%
Hannon Armstrong Sustainable Infrastructure Capital Inc		45,000		1,457,100
Total Real Estate Investment Trusts (Cost $4,461,814)			$	4,490,310

Fixed Income - 0.0%	Principal Amount
Exploration & Production - 0.0%
Sanchez Energy Corporation, 6.125%, due 01/15/2050⁽¹⁾⁽⁴⁾		5,000,000	$	-
Total Fixed Income (Cost $4,932,683)			$	-

Short-Term Investments - Investment Companies - 3.6%	Shares
First American Government Obligations Fund - Class X, 5.22%⁽¹⁾⁽⁵⁾		2,713,753	$	2,713,753
First American Treasury Obligations Fund - Class X, 5.18%⁽¹⁾⁽⁵⁾		2,713,752		2,713,752
Total Short-Term Investments - Investment Companies (Cost $5,427,505)			$	5,427,505

Total Investments - 135.6% (Cost $165,687,233)			$	200,857,428
Written Options (6) - 0.1% (Premiums Received $78,335)				78,335
Liabilities in Excess of Other Assets - (35.7)%				(52,818,513	)
Net Assets Applicable to Common Stockholders - 100.0%			$	148,038,915

⁽¹⁾

All or a portion of these securities are held as collateral pursuant to the loan agreements.

⁽²⁾

Foreign issued security. Foreign concentration is as follows: Canada 6.10%, United Kingdom 1.92%.

⁽³⁾

No distribution or dividend was made during the period ended August 31, 2024. As such, it is classified as a non-income producing security as of August 31, 2024.

⁽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 Directors. As of August 31, 2024, the value of these investments was $207,588 or 0.14% of total net assets.

⁽⁵⁾

Rate reported is the current yield as of August 31, 2024.

	⁽⁶⁾	Description	Exercise Price		Expiration Date	Currency	Number of Contracts		Premiums Received		Fair Value		Unrealized Appreciation (Depreciation)
Cleanspark, Inc., Call Option			$	11.00	9/6/2024	USD		1,000	$	27,102	$	27,102		-
First Solar Inc, Call Option			$	237.50	9/6/2024	USD		100	$	13,034	$	13,034		-
Microsoft Corp, Call Option			$	417.50	9/6/2024	USD		50	$	15,515	$	15,515		-
Vistra Corp, Call Option			$	89.00	9/6/2024	USD		550	$	22,683	$	22,683		-
									$	78,335	$	78,335	$	-

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, 2024		(Level 1)		(Level 2)		(Level 3)
Assets Equity Securities
Common Stock^(a)	$	156,031,272	$	156,031,272	$	-	$	-
Master Limited Partnerships and Related Companies^(a)		34,908,341		34,908,341		-		-
Real Estate Investment Trusts^(a)		4,490,310		4,490,310		-		-
Total Equity Securities		195,429,923		195,429,923		-		-
Other
Short Term Investments ^(a)		5,427,505		5,427,505		-		-
Total Other		5,427,505		5,427,505		-		-
Total Assets	$	200,857,428	$	200,857,428	$	-	$	-

(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, 2024.

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, 2024.

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