Swank Capital and Cushing® Asset Management Announce Rebalancing of The Cushing® Energy Index

Swank Capital and Cushing® Asset Management Announce Rebalancing of The Cushing® Energy Index

Dallas, Texas (June 8, 2018) Swank Capital, LLC and Cushing® Asset Management, LP, announce today an upcoming interim rebalancing of The Cushing® Energy Index (the “Index”). Per the Index’s methodology guide, the removal of an Index constituent from a Sub-Index without a named direct replacement necessitates the rebalancing of the Index. The Cushing® 30 MLP Index (the “Sub-Index”) announced today that Index constituents Spectra Energy Partners, LP (NYSE: SEP) and Tallgrass Energy GP, LP (NYSE: TEGP) will be removed from the Sub-Index after the markets close on June 15, 2018, and effective on June 18, 2018. Replacements named for the removed constituents are not direct replacements. After the markets close on June 15, 2018, the constituents of the Index will be rebalanced, and the changes in the table below will become effective on June 18, 2018.

Cushing® Energy Index constituents, effective June 18, 2018:

Company Name Ticker Index Weight Status
The Williams Companies, Inc. WMB 6.00% Existing
Kinder Morgan, Inc. KMI 6.00% Existing
ONEOK, Inc. OKE 6.00% Existing
Helmerich & Payne, Inc. HP 5.78% Existing
Exxon Mobil Corporation XOM 5.22% Existing
Chevron Corporation CVX 4.74% Existing
Occidental Petroleum Corporation OXY 4.65% Existing
Schlumberger N.V. (Schlumberger Limited) SLB 3.79% Existing
Phillips 66 PSX 3.58% Existing
Valero Energy Corporation VLO 3.45% Existing
Apache Corporation APA 3.30% Existing
Marathon Petroleum Corporation MPC 3.05% Existing
Baker Hughes, A GE Company BHGE 2.72% Existing
ConocoPhillips COP 2.19% Existing
Andeavor ANDV 2.14% Existing
TechnicFMC plc FTI 2.13% Existing
Hess Corporation HES 2.12% Existing
Dominion Energy Midstream Partners, LP DM 2.00% NEW
Alliance Resource Partners, L.P. ARLP 2.00% Existing
Andeavor Logistics LP ANDX 2.00% Existing
Tallgrass Energy Partners, LP TEP 2.00% Existing
EnLink Midstream Partners, LP ENLK 2.00% Existing
DCP Midstream, LP DCP 2.00% Existing
Enable Midstream Partners, LP ENBL 2.00% NEW
EQT Midstream Partners, LP EQM 2.00% NEW
Western Gas Partners, L.P. WES 2.00% Existing
Crestwood Equity Partners LP CEQP 2.00% NEW
Energy Transfer Equity, L.P. ETE 2.00% Existing
Energy Transfer Partners, L.P. ETP 2.00% NEW
Halliburton Company HAL 1.95% Existing
Anadarko Petroleum Corporation APC 1.88% Existing
Noble Energy, Inc. NBL 1.67% Existing
Cabot Oil & Gas Corporation COG 1.37% Existing
Marathon Oil Corporation MRO 1.26% Existing
Devon Energy Corporation DVN 1.01% Existing


Constituents removed, effective June 18, 2018:

Company Name Ticker
MPLX LP MPLX
Spectra Energy Partners, LP SEP
Sunoco LP SUN
Tallgrass Energy GP, LP TEGP
Williams Partners L.P. WPZ

 

ABOUT THE CUSHING® ENERGY INDEX

The Cushing® Energy Index tracks the performance of widely held companies engaged in exploration and production, refining and marketing, and storage and transportation of oil, natural gas, coal and consumable fuels, as well as oil and natural gas equipment and services companies. Constituents of the Index are weighted based on current yield. The Index price level is calculated by S&P Dow Jones Indices and reported on a real-time basis under the Bloomberg ticker “CENI”.

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 investors by sponsoring a variety of benchmarks, including The Cushing® 30 MLP Index (Bloomberg Ticker: MLPX), The Cushing® 30 MLP Market Cap Index (Bloomberg Ticker: CMCI), The Cushing® MLP High Income Index (Bloomberg Ticker: MLPY), 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

www.cushingasset.com

Source: Cushing® Asset Management, LP and Swank Capital, LLC

The Cushing® Energy 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 Swank Capital, LLC, and 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.