DALLAS, March 11, 2016 /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 March 18, 2016, the 30 constituents of the Index will be rebalanced, and the following changes will become effective on March 21, 2016.
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Cushing® MLP Market Cap Index constituents, effective March 21, 2016:
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Company Name
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Ticker
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Index Weight
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Status
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Enterprise Products Partners, L.P.
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EPD
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7.50%
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Existing
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Energy Transfer Partners, L.P.
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ETP
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7.50%
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Existing
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Magellan Midstream Partners, L.P.
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MMP
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7.50%
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Existing
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The Williams Companies, Inc.
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WMB
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7.50%
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Existing
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Plains All American Pipeline, L.P.
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PAA
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6.75%
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Existing
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Buckeye Partners, L.P.
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BPL
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6.52%
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Existing
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MPLX LP
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MPLX
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4.51%
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Existing
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Energy Transfer Equity, L.P.
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ETE
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4.20%
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Existing
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ONEOK, Inc.
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OKE
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4.11%
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Existing
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ONEOK Partners, L.P.
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OKS
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4.05%
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Existing
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Sunoco Logistics Partners, L.P.
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SXL
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3.91%
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Existing
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Williams Partners, L.P.
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WPZ
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3.54%
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Existing
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EQT Midstream Partners, LP
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EQM
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3.06%
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Existing
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AmeriGas Partners, L.P.
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APU
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2.82%
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Existing
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Enbridge Energy Partners, L.P.
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EEP
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2.78%
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Existing
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Western Gas Partners, L.P.
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WES
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2.47%
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Existing
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Spectra Energy Partners, LP
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SEP
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2.29%
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Existing
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NuStar Energy, L.P.
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NS
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2.11%
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Existing
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Tesoro Logistics LP
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TLLP
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1.96%
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Existing
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Genesis Energy, L.P.
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GEL
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1.86%
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Existing
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TC PipeLines, LP
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TCP
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1.69%
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Existing
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Shell Midstream Partners, L.P.
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SHLX
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1.61%
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Existing
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DCP Midstream Partners, L.P.
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DPM
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1.55%
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Existing
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Suburban Propane Partners, L.P.
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SPH
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1.34%
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Existing
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Plains GP Holdings, L.P.
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PAGP
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1.32%
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Existing
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Boardwalk Pipeline Partners, L.P.
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BWP
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1.25%
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Existing
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Sunoco LP
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SUN
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1.17%
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Existing
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Phillips 66 Partners LP
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PSXP
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1.07%
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Existing
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EnLink Midstream Partners, LP
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ENLK
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1.07%
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Existing
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Antero Midstream Partners LP
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AM
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0.99%
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NEW
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Constituents removed, effective March 21, 2016:
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Enbridge Energy Management, L.L.C.
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EEQ
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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 master limited partnerships (MLPs). 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 MLPs. 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 MLPs and other natural resource companies.
Cushing is also dedicated to serving the needs of MLP and energy income investors by sponsoring a variety of industry benchmarks, including The Cushing® 30 MLP Index (Bloomberg Ticker: MLPX), The Cushing® MLP High Income Index (Bloomberg Ticker: MLPY) and The Cushing® Upstream Energy Income Index (Bloomberg Ticker: CRTY). For more information, please visit www.swankcapital.com/the-cushing-indices.
The Cushing® MLP Market Cap Index (the "Index") is the exclusive property of Cushing Asset Management, LP, which has 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
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SOURCE Cushing Asset Management, LP; Swank Capital, LLC
