Dallas, Texas (December 14, 2018) Cushing® Asset Management, LP, and Swank Capital, LLC, 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 December 21, 2018, the 30 constituents of the Index will be rebalanced, and the following changes will become effective on December 24, 2018.
Cushing® MLP Market Cap Index constituents, effective December 24, 2018:
|Company Name||Ticker||Index Weight||Status|
|Enterprise Products Partners, L.P.||EPD||7.50%||Existing|
|Energy Transfer LP||ET||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|
|Cheniere Energy, Inc.||LNG||7.50%||Existing|
|Plains All American Pipeline, L.P.||PAA||6.23%||Existing|
|Targa Resources Corp.||TRGP||6.05%||Existing|
|EQM Midstream Partners, LP||EQM||3.47%||Existing|
|Western Gas Partners, L.P.||WES||2.87%||Existing|
|Tallgrass Energy, LP||TGE||2.00%||Existing|
|Plains GP Holdings, L.P.||PAGP||1.98%||Existing|
|Andeavor Logistics LP||ANDX||1.89%||Existing|
|DCP Midstream, LP||DCP||1.82%||Existing|
|Phillips 66 Partners LP||PSXP||1.54%||Existing|
|Shell Midstream Partners, L.P.||SHLX||1.49%||Existing|
|Antero Midstream Partners LP||AM||1.46%||Existing|
|Genesis Energy, L.P.||GEL||1.42%||Existing|
|EnLink Midstream Partners, LP||ENLK||1.33%||Existing|
|AmeriGas Partners, L.P.||APU||1.16%||Existing|
|Alliance Resource Partners, L.P.||ARLP||1.07%||Existing|
|Western Gas Equity Partners, LP||WGP||0.89%||Existing|
|Black Stone Minerals, L.P.||BSM||0.87%||Existing|
|Holly Energy Partners, L.P.||HEP||0.81%||NEW|
|Suburban Propane Partners, L.P.||SPH||0.80%||Existing|
|Enable Midstream Partners, LP||ENBL||0.78%||Existing|
Constituent removed, effective December 24, 2018:
|Crestwood Equity Partners LP||CEQP|
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 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”.
ABOUT CUSHING® ASSET MANAGEMENT AND SWANK CAPITAL
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.
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.