Fund Description: Cushing MLP & Infrastructure Total Return Fund formerly Cushing MLP Total Return Fund is an exchange-traded closed-end trust or a closed-end ETF which is officially described as a non-diversified, closed-end management investment company. INVESTMENT OBJECTIVE: The Cushing MLP & Infrastructure Total Return Fund seeks to obtain a high after-tax total return from a combination of capital appreciation and current income. FUND STRATEGY: Under normal market conditions, the Fund will invest at least 80% of its assets net assets, plus any borrowings for investment purposes, in a portfolio of infrastructure master limited partnerships (MLPs) and MLP - related investments (together, MLP Investments) (the 80% policy). For purposes of the Fund’s 80% policy, MLP Investments are investments that offer economic exposure to public and private MLPs in the form of common or subordinated units issued by MLPs, securities of entities holding primarily general partner or managing member interests in MLPs, debt securities of MLPs, and securities that are derivatives of interests in MLPs, which are IShares and other derivative securities that have economic characteristics of MLP securities, and businesses that operate and have the economic characteristics of MLP Investments but are organized and taxed as C”corporations or as limited liability companies (Other Natural Resources Companies). The Fund considers an MLP Investment to be an infrastructure MLP Investment if at least 50% of its assets, income, sales or profits are committed to or derived from the development, construction, management, ownership or operation of assets that are used for natural resources based activities. FUND MANAGEMENT: Cushing MLP Asset Management, LP serves as investment advisor to the Fund.