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

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

Dallas, Texas (March 24, 2015) Swank Capital, LLC and Cushing® Asset Management, LP announce today the upcoming rebalancing of The Cushing® Upstream Energy Income Index (the “Index”) as part of normal index operations. After the markets close on April 1, 2016, the 25 constituents of the Index will be rebalanced, and the following changes will become effective on April 4, 2016.

Cushing® Upstream Energy Index constituents, effective April 4, 2016:

Company Name Ticker Index Weight Status
Black Stone Minerals, L.P. BSM 7.50% Existing
Dorchester Minerals LP DMLP 7.50% Existing
BP Prudhoe Bay Royalty Trust BPT 7.50% Existing
Permian Basin Royalty Trust PBT 7.50% Existing
Sabine Royalty Trust SBR 7.50% Existing
San Juan Basin Royalty Trust SJT 7.04% Existing
Vanguard Natural Resources, LLC VNR 6.46% Existing
Memorial Production Partners LP MEMP 5.96% Existing
BreitBurn Energy Partners L.P. BBEP 5.33% Existing
SandRidge Permian Trust PER 4.55% Existing
Linn Energy, LLC LINE 4.26% Existing
Cross Timbers Royalty Trust CRT 3.05% Existing
EV Energy Partners, L.P. EVEP 2.78% Existing
Chesapeake Granite Wash Trust CHKR 2.74% Existing
SandRidge Mississippian Trust II SDR 2.67% Existing
SandRidge Mississippian Trust I SDT 2.34% Existing
Legacy Reserves LP LGCY 2.16% Existing
Enduro Royalty Trust NDRO 2.15% Existing
Atlas Resource Partners, L.P. ARP 1.88% Existing
MV Oil Trust MVO 1.87% Existing
Hugoton Royalty Trust HGT 1.84% Existing
Pacific Coast Oil Trust ROYT 1.83% Existing
VOC Energy Trust VOC 1.43% Existing
Mid-Con Energy Partners, LP MCEP 1.23% Existing
Sanchez Production Partners LP SPP 0.94% NEW

Constituents removed, effective April 4, 2016:

Company Name Ticker
ECA Marcellus Trust I ECT


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.


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® 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.

Judson Redmond

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

The Cushing® Upstream Energy 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.