Swank Capital and Cushing® Asset Management Announce Rebalancing of the Cushing® MLP High Income Index
Dallas, Texas (January 5, 2018) Swank Capital, LLC and Cushing® Asset Management, LP announce today the upcoming rebalancing of The Cushing® MLP High Income Index (the “Index”) as part of normal index operations. After the markets close on January 12, 2018, the 30 constituents of the Index will be rebalanced, and the following changes will become effective on January 16, 2018.
Cushing® MLP High Income Index constituents, effective January 16, 2018:
Company Name | Ticker | Tier | Index Weight | Prior Tier |
NuStar Energy, L.P. | NS | 1 | 5.0% | 1 |
Energy Transfer Partners, L.P. | ETP | 1 | 5.0% | 1 |
Sunoco LP | SUN | 1 | 5.0% | 1 |
NGL Energy Partners LP | NGL | 1 | 5.0% | 1 |
Golar LNG Partners LP | GMLP | 1 | 5.0% | 1 |
Alliance Resource Partners, L.P. | ARLP | 1 | 5.0% | 1 |
Buckeye Partners, L.P. | BPL | 1 | 5.0% | 2 |
EnLink Midstream Partners, LP | ENLK | 1 | 5.0% | 1 |
Crestwood Equity Partners LP | CEQP | 1 | 5.0% | 2 |
Enable Midstream Partners, LP | ENBL | 1 | 5.0% | New |
SunCoke Energy Partners, L.P. | SXCP | 2 | 3.5% | 3 |
KNOT Offshore Partners LP | KNOP | 2 | 3.5% | New |
Tallgrass Energy Partners, LP | TEP | 2 | 3.5% | 2 |
DCP Midstream, LP | DCP | 2 | 3.5% | 1 |
Andeavor Logistics LP | ANDX | 2 | 3.5% | 2 |
AmeriGas Partners, L.P. | APU | 2 | 3.5% | 2 |
Holly Energy Partners, L.P. | HEP | 2 | 3.5% | 2 |
TC PipeLines, LP | TCP | 2 | 3.5% | 2 |
Western Gas Partners, L.P. | WES | 2 | 3.5% | 2 |
Black Stone Minerals, L.P. | BSM | 2 | 3.5% | New |
NuStar GP Holdings, LLC | NSH | 3 | 1.5% | New |
Martin Midstream Partners L.P. | MMLP | 3 | 1.5% | New |
Summit Midstream Partners, LP | SMLP | 3 | 1.5% | 3 |
GasLog Partners LP | GLOP | 3 | 1.5% | 3 |
CNX Midstream Partners LP | CNXM | 3 | 1.5% | 3 |
Spectra Energy Partners, LP | SEP | 3 | 1.5% | 3 |
Energy Transfer Equity, L.P. | ETE | 3 | 1.5% | 2 |
MPLX LP | MPLX | 3 | 1.5% | 3 |
Enterprise Products Partners, L.P. | EPD | 3 | 1.5% | 3 |
Cheniere Energy Partners, L.P. | CQP | 3 | 1.5% | New |
Constituents removed, effective January 16, 2018:
Company Name | Ticker |
Phillips 66 Partners LP | PSXP |
EQT Midstream Partners, LP | EQM |
Hi-Crush Partners LP | HCLP |
Magellan Midstream Partners, L.P. | MMP |
Rice Midstream Partners LP | RMP |
Tallgrass Energy GP, LP | TEGP |
ABOUT THE CUSHING® MLP HIGH INCOME INDEX
The Cushing® MLP High Income Index provides a benchmark that is designed to track the performance of 30 publicly traded energy and shipping master limited partnership (MLP) securities with an emphasis on current yield. The securities are chosen for inclusion according to a three-tier proprietary weighting system developed by Cushing® Asset Management, LP. The Cushing® MLP High Income Index is calculated by S&P Dow Jones Indices and reported on a real-time basis under the Bloomberg ticker “MLPY”.
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 Market Cap Index (Bloomberg Ticker: CMCI), The Cushing® Energy Index (Bloomberg Ticker: CENI), 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 https://www.cushingasset.com/indices.
For additional information contact:
Judson Redmond
214-692-6334
Source: Cushing® Asset Management, LP and Swank Capital, LLC
The Cushing® MLP High Income 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 maintain and calculate 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 S&P nor any of their affiliates sponsor and promote the Index and none shall be liable for any errors or omissions in calculating the Index.