Swank Capital and Cushing® Asset Management Announce Rebalancing of The Cushing® MLP Market Cap Index
Dallas, Texas (June 10, 2016) 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 June 17, 2016, the 30 constituents of the Index will be rebalanced, and the following changes will become effective on June 20, 2016.
Cushing® MLP Market Cap Index constituents, effective June 20, 2016:
| Company Name |
Ticker |
Index Weight |
Status |
| Enterprise Products Partners, L.P. |
EPD |
7.50% |
Existing |
| Energy Transfer Partners, L.P. |
ETP |
7.50% |
Existing |
| Magellan Midstream Partners, L.P. |
MMP |
7.50% |
Existing |
| The Williams Companies, Inc. |
WMB |
7.50% |
Existing |
| Plains All American Pipeline, L.P. |
PAA |
6.07% |
Existing |
| Energy Transfer Equity, L.P. |
ETE |
6.02% |
Existing |
| ONEOK, Inc. |
OKE |
5.42% |
Existing |
| Buckeye Partners, L.P. |
BPL |
5.41% |
Existing |
| MPLX LP |
MPLX |
4.85% |
Existing |
| Williams Partners, L.P. |
WPZ |
4.84% |
Existing |
| ONEOK Partners, L.P. |
OKS |
3.79% |
Existing |
| Sunoco Logistics Partners, L.P. |
SXL |
3.62% |
Existing |
| Enbridge Energy Partners, L.P. |
EEP |
2.87% |
Existing |
| EQT Midstream Partners, LP |
EQM |
2.38% |
Existing |
| Western Gas Partners, L.P. |
WES |
2.27% |
Existing |
| NuStar Energy, L.P. |
NS |
2.23% |
Existing |
| Genesis Energy, L.P. |
GEL |
2.08% |
Existing |
| DCP Midstream Partners, L.P. |
DPM |
1.91% |
Existing |
| Tesoro Logistics LP |
TLLP |
1.90% |
Existing |
| AmeriGas Partners, L.P. |
APU |
1.80% |
Existing |
| Shell Midstream Partners, L.P. |
SHLX |
1.70% |
Existing |
| TC PipeLines, LP |
TCP |
1.64% |
Existing |
| Plains GP Holdings, L.P. |
PAGP |
1.48% |
Existing |
| EnLink Midstream Partners, LP |
ENLK |
1.32% |
Existing |
| Boardwalk Pipeline Partners, L.P. |
BWP |
1.25% |
Existing |
| Suburban Propane Partners, L.P. |
SPH |
1.21% |
Existing |
| Phillips 66 Partners LP |
PSXP |
1.10% |
Existing |
| Tallgrass Energy Partners, LP |
TEP |
1.00% |
NEW |
| Antero Midstream Partners LP |
AM |
0.94% |
Existing |
| Sunoco LP |
SUN |
0.90% |
Existing |
Constituents removed, effective June 20, 2016:
| Company Name |
Ticker |
| Spectra Energy Partners, LP |
SEP |
ABOUT THE CUSHING®</sup> MLP MARKET CAP INDEX
The Cushing<sup>®</sup> 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<sup>®</sup> 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<sup>®</sup> 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<sup>®</sup> 30 MLP Index (Bloomberg Ticker: MLPX), The Cushing<sup>®</sup> MLP High Income Index (Bloomberg Ticker: MLPY) and The Cushing<sup>®</sup> Upstream Energy Income Index (Bloomberg Ticker: CRTY). For more information, please visit www.swankcapital.com/the-cushing-indices.
Contact:
Judson Redmond
214-692-6334
www.swankcapital.com
Source: Cushing® Asset Management, LP and Swank Capital, LLC
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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