September 9, 2016 - 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. 9, 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 September 16, 2016, the 30 constituents of the Index will be rebalanced, and the following changes will become effective on September 19, 2016.

Cushing® MLP Market Cap Index constituents, effective September 19, 2016:

Company Name

Ticker

Index Weight

Status

Enterprise Products Partners, L.P.

EPD

7.50%

Existing

Energy Transfer Equity, L.P.

ETE

7.50%

Existing

Energy Transfer Partners, L.P.

ETP

7.50%

Existing

Magellan Midstream Partners, L.P.

MMP

7.50%

Existing

Plains All American Pipeline, L.P.

PAA

6.58%

Existing

ONEOK, Inc.

OKE

6.12%

Existing

Williams Partners, L.P.

WPZ

5.62%

Existing

Buckeye Partners, L.P.

BPL

5.41%

Existing

MPLX LP

MPLX

4.93%

Existing

Sunoco Logistics Partners, L.P.

SXL

4.12%

Existing

ONEOK Partners, L.P.

OKS

4.01%

Existing

Enbridge Energy Partners,  L.P.

EEP

3.16%

Existing

EQT Midstream Partners, LP

EQM

2.73%

Existing

Western Gas Partners, L.P.

WES

2.34%

Existing

Genesis Energy, L.P.

GEL

2.16%

Existing

NuStar Energy, L.P.

NS

2.09%

Existing

Tesoro Logistics LP

TLLP

1.93%

Existing

Spectra Energy Partners, LP

SEP

1.90%

NEW

AmeriGas Partners, L.P.

APU

1.87%

Existing

DCP Midstream Partners, L.P.

DPM

1.85%

Existing

EnLink Midstream Partners, LP

ENLK

1.70%

Existing

Plains GP Holdings, L.P.

PAGP

1.61%

Existing

Shell Midstream Partners, L.P.

SHLX

1.60%

Existing

TC PipeLines, LP

TCP

1.54%

Existing

Phillips 66 Partners LP

PSXP

1.26%

Existing

Boardwalk Pipeline Partners, L.P.

BWP

1.22%

Existing

Suburban Propane Partners, L.P.

SPH

1.18%

Existing

Antero Midstream Partners LP

AM

1.09%

Existing

Tallgrass Energy Partners, LP

TEP

1.07%

Existing

Sunoco LP

SUN

0.91%

Existing

 

Constituent removed, effective September 19, 2016:

Company Name

Ticker

Holly Energy Partners, L.P.

HEP

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 http://www.cushingasset.com.

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.

 

To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/swank-capital-and-cushing-asset-management-announce-rebalancing-of-the-cushing-mlp-market-cap-index-300325361.html

SOURCE Cushing Asset Management, LP and Swank Capital, LLC


Source: PR Newswire (September 9, 2016 - 9:02 AM EDT)

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