Swank Capital and Cushing® Asset Management Announce Rebalancing of The Cushing® MLP Market Cap Index

Swank Capital and Cushing® Asset Management Announce Rebalancing of The Cushing® MLP Market Cap Index

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Dallas, Texas (September 14, 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 September 21, 2018, the 30 constituents of the Index will be rebalanced, and the following changes will become effective on September 24, 2018.

Cushing® MLP Market Cap Index constituents, effective September 24, 2018:

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
Kinder Morgan, Inc. KMI 7.50% Existing
ONEOK, Inc. OKE 7.50% Existing
Cheniere Energy, Inc. LNG 7.43% Existing
Energy Transfer Equity, L.P. ETE 7.08% Existing
Targa Resources Corp. TRGP 6.21% Existing
MPLX LP MPLX 5.39% Existing
Buckeye Partners, L.P. BPL 2.83% Existing
Western Gas Partners, L.P. WES 2.61% Existing
EQT Midstream Partners, LP EQM 2.55% Existing
Andeavor Logistics LP ANDX 2.19% Existing
DCP Midstream, LP DCP 1.92% Existing
Tallgrass Energy, LP TGE 1.89% Existing
EnLink Midstream Partners, LP ENLK 1.50% Existing
Phillips 66 Partners LP PSXP 1.42% Existing
AmeriGas Partners, L.P. APU 1.41% Existing
Shell Midstream Partners, L.P. SHLX 1.40% Existing
Antero Midstream Partners LP AM 1.34% Existing
Enbridge Energy Partners, L.P. EEP 1.26% Existing
SemGroup Corporation SEMG 0.96% Existing
Crestwood Equity Partners LP CEQP 0.95% Existing
Alliance Resource Partners, L.P. ARLP 0.89% Existing
Western Gas Equity Partners, LP WGP 0.87% Existing
Black Stone Minerals, L.P. BSM 0.76% NEW
Sunoco LP SUN 0.75% NEW
Enable Midstream Partners, LP ENBL 0.70% Existing
Antero Midstream GP LP AMGP 0.69% Existing


Constituents removed, effective September 24, 2018:

Company Name Ticker
Holly Energy Partners, L.P. HEP
NGL Energy Partners LP NGL


The Cushing® MLP Market Cap Index provides a benchmark that is designed to track the performance of widely held midstream energy infrastructure companies, including master limited partnerships (MLPs) and non-MLP midstream corporations (each, a “Midstream Company” and collectively, “Midstream Companies”). 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 Midstream Companies. 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”.


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 Midstream Companies 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.


Judson Redmond


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.