September 14, 2018 - 9:02 AM EDT
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Swank Capital and Cushing® Asset Management Announce Rebalancing of The Cushing® MLP Market Cap Index

DALLAS, Sept. 14, 2018 /PRNewswire/ -- Swank Capital, LLC, and Cushing® Asset Management, LP, announce today the upcoming rebalancing of The Cushing® MLP Market Cap Index (the "Index") as part of normal index operations. After the markets close on September 21, 2018, the 30 constituents of the Index will be rebalanced, and the following changes will become effective on September 24, 2018.

Cushing® MLP Market Cap Index constituents, effective September 24, 2018:

Company Name

Ticker

Index Weight

Status

Enterprise Products Partners, L.P.

EPD

7.50%

Existing

Energy Transfer Partners, L.P.

ETP

7.50%

Existing

Magellan Midstream Partners, L.P.

MMP

7.50%

Existing

The Williams Companies, Inc.

WMB

7.50%

Existing

Kinder Morgan, Inc.

KMI

7.50%

Existing

ONEOK, Inc.

OKE

7.50%

Existing

Cheniere Energy, Inc.

LNG

7.43%

Existing

Energy Transfer Equity, L.P.

ETE

7.08%

Existing

Targa Resources Corp.

TRGP

6.21%

Existing

MPLX LP

MPLX

5.39%

Existing

Buckeye Partners, L.P.

BPL

2.83%

Existing

Western Gas Partners, L.P.

WES

2.61%

Existing

EQT Midstream Partners, LP

EQM

2.55%

Existing

Andeavor Logistics LP

ANDX

2.19%

Existing

DCP Midstream, LP

DCP

1.92%

Existing

Tallgrass Energy, LP

TGE

1.89%

Existing

EnLink Midstream Partners, LP

ENLK

1.50%

Existing

Phillips 66 Partners LP

PSXP

1.42%

Existing

AmeriGas Partners, L.P.

APU

1.41%

Existing

Shell Midstream Partners, L.P.

SHLX

1.40%

Existing

Antero Midstream Partners LP

AM

1.34%

Existing

Enbridge Energy Partners, L.P.

EEP

1.26%

Existing

SemGroup Corporation

SEMG

0.96%

Existing

Crestwood Equity Partners LP

CEQP

0.95%

Existing

Alliance Resource Partners, L.P.

ARLP

0.89%

Existing

Western Gas Equity Partners, LP

WGP

0.87%

Existing

Black Stone Minerals, L.P.

BSM

0.76%

NEW

Sunoco LP

SUN

0.75%

NEW

Enable Midstream Partners, LP

ENBL

0.70%

Existing

Antero Midstream GP LP

AMGP

0.69%

Existing

Constituents removed, effective September 24, 2018:

Company Name

Ticker

Holly Energy Partners, L.P.

HEP

NGL Energy Partners LP

NGL

ABOUT THE CUSHING® MLP MARKET CAP INDEX

The Cushing® MLP Market Cap Index provides a benchmark that is designed to track the performance of widely held midstream energy infrastructure companies, including master limited partnerships (MLPs) and non-MLP midstream corporations (each, a "Midstream Company" and collectively, "Midstream Companies"). The Index is weighted on a float-adjusted market capitalization basis, with the weight of each constituent capped at 7.5% at rebalance. The Index price level is calculated by S&P Dow Jones Indices while the constituents are selected from the entire universe of publicly traded Midstream Companies. The Cushing® MLP Market Cap Index is calculated by S&P Dow Jones Indices and reported on a real-time basis under the Bloomberg ticker "CMCI".

ABOUT SWANK CAPITAL AND CUSHING® ASSET MANAGEMENT

Cushing® Asset Management, LP ("Cushing"), a subsidiary of Swank Capital, LLC, is an SEC-registered investment adviser headquartered in Dallas, Texas. Cushing serves as investment adviser to affiliated funds and managed accounts which invest primarily in securities of Midstream Companies and other natural resource companies.

Cushing is also dedicated to serving the needs of investors by sponsoring a variety of benchmarks, including The Cushing® 30 MLP Index (Bloomberg Ticker: MLPX), The Cushing® MLP High Income Index (Bloomberg Ticker: MLPY), The Cushing® Energy Index (Bloomberg Ticker: CENI), The Cushing® Energy Supply Chain Index (Bloomberg Ticker: CSCI), The Cushing® Transportation Index (Bloomberg Ticker: CTRI) and The Cushing® Utility Index (Bloomberg Ticker: CUTI). For more information, please visit http://www.cushingasset.com/indices.

Contact:
Judson Redmond
214-692-6334
http://www.cushingasset.com/

The Cushing® MLP Market Cap Index (the "Index") is the exclusive property of Swank Capital, LLC, and Cushing Asset Management, LP, which have contracted with S&P Opco, LLC (a subsidiary of S&P Dow Jones Indices LLC) ("S&P Dow Jones Indices") to calculate and maintain the Index. S&P® is a registered trademark of Standard & Poor's Financial Services LLC ("SPFS"); Dow Jones® is a registered trademark of Dow Jones Trademark Holdings LLC ("Dow Jones"); and, these trademarks have been licensed to S&P Dow Jones Indices. "Calculated by S&P Dow Jones Indices" and its related stylized mark(s) have been licensed for use by Cushing Asset Management, LP. Neither S&P Dow Jones Indices, SPFS, Dow Jones nor any of their affiliates sponsor and promote the Index and none shall be liable for any errors or omissions in calculating the Index.

CUSH-CMCI

 

Cision View original content:http://www.prnewswire.com/news-releases/swank-capital-and-cushing-asset-management-announce-rebalancing-of-the-cushing-mlp-market-cap-index-300712658.html

SOURCE Cushing Asset Management, LP; Swank Capital, LLC


Source: PR Newswire (September 14, 2018 - 9:02 AM EDT)

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