Dallas, Texas (March 9, 2018) 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 March 16, 2018, the 30 constituents of the Index will be rebalanced, and the following changes will become effective on March 19, 2018.
Cushing® MLP Market Cap Index constituents, effective March 19, 2018:
|Company Name||Ticker||Index Weight||Status|
|Enterprise Products Partners, L.P.||EPD||7.50%||Existing|
|Energy Transfer Equity, L.P.||ETE||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|
|Buckeye Partners, L.P.||BPL||6.29%||Existing|
|Western Gas Partners, L.P.||WES||4.50%||Existing|
|Andeavor Logistics LP||ANDX||4.02%||Existing|
|EQT Midstream Partners, LP||EQM||3.49%||Existing|
|DCP Midstream, LP||DCP||3.22%||Existing|
|Shell Midstream Partners, L.P.||SHLX||3.02%||Existing|
|AmeriGas Partners, L.P.||APU||2.81%||Existing|
|TC PipeLines, LP||TCP||2.61%||Existing|
|Phillips 66 Partners LP||PSXP||2.60%||Existing|
|EnLink Midstream Partners, LP||ENLK||2.40%||Existing|
|Antero Midstream Partners LP||AM||2.29%||Existing|
|Tallgrass Energy Partners, LP||TEP||1.75%||Existing|
|NuStar Energy, L.P.||NS||1.58%||Existing|
|Black Stone Minerals, L.P.||BSM||1.44%||Existing|
|Alliance Holdings GP, L.P.||AHGP||1.44%||NEW|
|Antero Midstream GP LP||AMGP||1.39%||Existing|
|Rice Midstream Partners LP||RMP||1.35%||Existing|
|Boardwalk Pipeline Partners, L.P.||BWP||1.34%||Existing|
|NGL Energy Partners LP||NGL||1.34%||Existing|
|Crestwood Equity Partners LP||CEQP||1.34%||NEW|
|Holly Energy Partners, L.P.||HEP||1.26%||Existing|
|Enable Midstream Partners, LP||ENBL||1.21%||Existing|
|Dominion Energy Midstream Partners, LP||DM||1.20%||Existing|
|Tallgrass Energy GP, LP||TEGP||1.11%||Existing|
Constituents removed, effective March 19, 2018:
|Spectra Energy Partners, LP||SEP|
ABOUT THE CUSHING® MLP MARKET CAP INDEX
The Cushing® 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® 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® 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® MLP High Income Index (Bloomberg Ticker: MLPY), 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.
Source: Cushing® Asset Management, LP and Swank Capital, LLC
The Cushing® MLP Market Cap 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 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.