Swank Capital and Cushing® MLP Asset Management Announce Rebalancing of The Cushing® Upstream Energy Income Index
Dallas, Texas (March 28, 2014) Swank Capital, LLC and Cushing® MLP Asset Management, LP announced today upcoming changes to the constituents of The Cushing® Upstream Energy Income Index (the “Index”) as part of normal index operations. After the markets close on April 4, 2014 the 25 constituents of the Index will be adjusted and rebalanced and the changes will become effective on April 7, 2014.
Cushing® Upstream Energy Index constituents effective April 7, 2014
|
Company Name |
Ticker |
Index Weight |
Status |
|
BreitBurn Energy Partners L.P. |
BBEP |
7.50% |
Existing |
|
EV Energy Partners, L.P. |
EVEP |
7.50% |
Existing |
|
Linn Energy, LLC |
LINE |
7.50% |
Existing |
|
Memorial Production Partners LP |
MEMP |
7.50% |
Existing |
|
Vanguard Natural Resources, LLC |
VNR |
7.50% |
Existing |
|
BP Prudhoe Bay Royalty Trust |
BPT |
7.50% |
Existing |
|
Legacy Reserves LP |
LGCY |
7.22% |
Existing |
|
QR Energy, LP |
QRE |
5.81% |
Existing |
|
Atlas Resource Partners, L.P. |
ARP |
5.22% |
Existing |
|
San Juan Basin Royalty Trust |
SJT |
4.41% |
Existing |
|
Dorchester Minerals LP |
DMLP |
4.05% |
Existing |
|
Sabine Royalty Trust |
SBR |
4.04% |
Existing |
|
Permian Basin Royalty Trust |
PBT |
2.87% |
Existing |
|
SandRidge Permian Trust |
PER |
2.65% |
Existing |
|
Pacific Coast Oil Trust |
ROYT |
2.45% |
Existing |
|
LRR Energy, L.P. |
LRE |
2.41% |
Existing |
|
Mid-Con Energy Partners, LP |
MCEP |
2.13% |
Existing |
|
Chesapeake Granite Wash Trust |
CHKR |
1.84% |
Existing |
|
SandRidge Mississippian Trust II |
SDR |
1.82% |
Existing |
|
Hugoton Royalty Trust |
HGT |
1.78% |
Existing |
|
MV Oil Trust |
MVO |
1.66% |
Existing |
|
Whiting USA Trust II |
WHZ |
1.24% |
Existing |
|
SandRidge Mississippian Trust I |
SDT |
1.19% |
Existing |
|
VOC Energy Trust |
VOC |
1.12% |
Existing |
|
Cross Timbers Royalty Trust |
CRT |
1.09% |
NEW |
Constituent removed effective April 7, 2014
|
Company Name |
Ticker |
|
Enduro Royalty Trust |
NDRO |
ABOUT THE CUSHING® UPSTREAM ENERGY INCOME INDEX
The Index is designed to track the performance of publicly traded U.S. royalty trusts and upstream exploration and production (“Upstream”) energy master limited partnerships (“MLPs”). The Index is currently comprised of 25 U.S. royalty trusts and Upstream MLPs, 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 U.S. royalty trusts and Upstream MLPs. The Index is quoted under the Bloomberg ticker “CRTY” as well as on a total-return basis, using end of day pricing, under the ticker “CRTYTR”. For more information about the Index, please visit: www.swankcapital.com/the-cushing-indices.
ABOUT SWANK CAPITAL AND CUSHING® MLP ASSET MANAGEMENT
Cushing® MLP 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® MLP Market Cap Index (Bloomberg Ticker: CMCI), The Cushing® MLP High Income Index (Bloomberg Ticker: MLPY) and The Cushing® 30 MLP Index (Bloomberg Ticker: MLPX). For more information, please visit www.swankcapital.com/the-cushing-indices.
The Cushing® Upstream Energy Index (the “Index”) is the exclusive property of Cushing® MLP 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 maintain and calculate the Index. S&P® is a registered trademark of Standard & Poor’s Financial Services LLC); 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® MLP Asset Management, LP. None of S&P Dow Jones Indices, SPFS, Dow Jones S&P or any of their affiliates sponsor or promote the Index and none shall be liable for any errors or omissions in calculating the Index.
SOURCE Cushing MLP Asset Management, LP and Swank Capital, LLC
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