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Cushing® Asset Management and Swank Capital Announce a Constituent Change to The Cushing® MLP High Income Index

Dallas, Texas (July 22, 2019) Cushing® Asset Management, LP, and Swank Capital, LLC, announce an upcoming interim change to constituents of The Cushing® MLP High Income Index (the “Index”). On May 7, 2019, Index constituents Andeavor Logistics LP (NYSE: ANDX) and MPLX LP (NYSE: MPLX) and related entities entered into an Agreement and Plan of Merger (“Merger Agreement”) that would result in ANDX common units ceasing to be publicly traded, subject to the approval of the holders of at least a majority of the ANDX common units. On June 28, 2019, ANDX publicly announced that entities holding a majority of common units of ANDX have agreed to deliver written consents approving the Merger Agreement and, accordingly, the merger may be completed as soon as July 30, 2019. Per the Index’s methodology guide, this event will result in a constituent replacement. Accordingly, after the market closes on July 29, 2019, and effective on July 30, 2019, Enterprise Products Partners L.P. (NYSE: EPD) will replace ANDX as a constituent of the Index at ANDX’s then-current weight.

There will be no changes to the remaining constituents of the Index due to this event.

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 higher-yielding publicly traded midstream energy infrastructure companies, including master limited partnerships (MLPs) and non-MLP energy midstream corporations (each, a “Midstream Company” and collectively, “Midstream Companies”). Constituents are chosen according to a three-tiered 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 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, providing active management in markets where inefficiencies exist.

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. 

Contact:

Brian Atwood

214-692-6334

www.cushingasset.com

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 has 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 Swank Capital, LLC, and 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.

Cushing® Asset Management and Swank Capital Announce a Constituent Change to The Cushing® MLP Market Cap Index

Dallas, Texas (July 22, 2019) Cushing® Asset Management, LP, and Swank Capital, LLC, and announce an upcoming interim change to the constituents of The Cushing® MLP Market Cap Index (the “Index”). On May 7, 2019, Index constituents Andeavor Logistics LP (NYSE: ANDX) and MPLX LP (NYSE: MPLX) and related entities entered into an Agreement and Plan of Merger (“Merger Agreement”) that would result in ANDX common units ceasing to be publicly traded, subject to the approval of the holders of at least a majority of the ANDX common units. On June 28, 2019, ANDX publicly announced that entities holding a majority of common units of ANDX have agreed to deliver written consents approving the Merger Agreement and, accordingly, the merger may be completed as soon as July 30, 2019. Per the Index’s methodology guide, this event will result in a constituent replacement. Accordingly, after the market closes on July 29, 2019, and effective on July 30, 2019, Black Stone Minerals, L.P. (NYSE: BSM) will replace ANDX as a constituent of the Index at ANDX’s then-current weight.

There will be no changes to the remaining constituents of the Index due to this event.

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, providing active management in markets where inefficiencies exist.

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 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.

Contact:

Brian Atwood

214-692-6334

www.cushingasset.com

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.

Cushing® Asset Management and Swank Capital Announce a Constituent Change to The Cushing® 30 MLP Index

Dallas, Texas (July 22, 2019) Cushing® Asset Management, LP, and Swank Capital, LLC, announce an upcoming interim change to the constituents of The Cushing® 30 MLP Index (the “Index”). On May 7, 2019, Index constituents Andeavor Logistics LP (NYSE: ANDX) and MPLX LP (NYSE: MPLX) and related entities entered into an Agreement and Plan of Merger (“Merger Agreement”) that would result in ANDX common units ceasing to be publicly traded, subject to the approval of the holders of at least a majority of the ANDX common units. On June 28, 2019, ANDX publicly announced that entities holding a majority of common units of ANDX have agreed to deliver written consents approving the Merger Agreement and, accordingly, the merger may be completed as soon as July 30, 2019. Per the Index’s methodology guide, this event will result in a constituent replacement. Accordingly, after the market closes on July 29, 2019, and effective on July 30, 2019, TC PipeLines, LP (NYSE: TCP) will replace ANDX as a constituent of the Index at ANDX’s then-current weight.

There will be no changes to the remaining constituents of the Index due to this event.

ABOUT THE CUSHING® 30 MLP INDEX

The Cushing® 30 MLP Index tracks the performance of 30 publicly traded midstream energy infrastructure companies, including master limited partnerships (MLPs) and non-MLP energy midstream corporations (each, a “Midstream Company” and collectively, “Midstream Companies”). Constituents of the Index are selected by using a formula-based proprietary valuation model developed by Cushing® Asset Management, LP to rank Midstream Companies for potential inclusion in the Index. The Index price level is calculated by S&P Dow Jones Indices and reported on a real-time basis under the Bloomberg ticker “MLPX”.

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, providing active management in markets where inefficiencies exist.

Cushing is also dedicated to serving the needs of MLP and energy income investors by sponsoring a variety of industry benchmarks, including The Cushing® MLP Market Cap Index (Bloomberg Ticker: CMCI), 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.

Contact:

Brian Atwood

214-692-6334

www.cushingasset.com

Source: Cushing® Asset Management, LP and Swank Capital, LLC

The Cushing® 30 MLP 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 Swank Capital, LLC, and 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.

CUSHING ASSET MANAGEMENT EXPANDS AND DIVERSIFIES INVESTMENT PLATFORM WITH ADDITION OF COLD CREEK CAPITAL

Dallas, TX,  July 1, 2019 – Cushing Asset Management, L.P. (“Cushing”) is pleased to announce that the portfolio management team of Cold Creek Capital has agreed to join the firm.  Portfolio Managers Alan Norton and Tom Norton, and analyst Rob Shea have a long, successful history in the small and mid-cap growth sectors and will bring their strong performance track record to Cushing.  Cold Creek has developed a proven investment philosophy, a distinctive rigorous fundamental research process, a commitment to active management and a strong client-centric culture. 

“Cushing is committed to providing active management that seeks to produce positive risk-adjusted returns in markets where inefficiencies exist.  The Cold Creek team embodies this approach perfectly, is an ideal complement to our current offerings, and is an excellent cultural fit.  We’re excited to have Alan, Tom and Rob join our team and look forward to building-on their enviable track record,” said Cushing Asset Management CEO John Alban. 

“We are excited to join Cushing, which shares a commitment to a client-centric culture, emphasis on active management and commitment to independence,” Alan and Tom Norton added.  “With access to Cushing’s robust business infrastructure in sales, marketing, compliance, operations and risk management, we will have significantly more time to do what we do best:  leverage our experience to focus on superior idea sourcing and execution in the small and mid-cap sectors.  We look forward to continuing to manage our existing relationships while partnering with our new colleagues to pursue growth opportunities.”  

The Cold Creek team will remain based in the Boston, Massachusetts area.

ABOUT CUSHING® ASSET MANAGEMENT, LP

Cushing, a subsidiary of Swank Capital, is an SEC-registered investment adviser headquartered in Dallas, Texas. Cushing serves as investment adviser to affiliated funds and managed accounts providing active management in markets where inefficiencies exist.  Since Cushing’s founding in 2003, they have remained a 100% independent, employee-owned firm.  As of June 30, 2019, Cushing had approximately $2.6 billion of assets under management in closed-end funds, mutual funds, exchange-traded funds, privately offered funds and separately managed accounts.

Contact:

Nick Brown

Cushing® Asset Management, LP

214-692-6334

www.cushingasset.com

Source:  Cushing® Asset Management, LP

Cushing® Asset Management and Swank Capital Announce Constituent Changes to The Cushing® Utility Index

Dallas, Texas (June 14, 2019) Swank Capital, LLC and Cushing® Asset Management, LP announce an upcoming interim change to the constituents of The Cushing® Utility Index (the “Index”). The Cushing® 30 MLP Index (the “Sub-Index”) announced today that after the market closes on June 21, 2019, and effective on June 24, 2019, Index constituent Surburban Propane Partners, L.P. (NYSE: SPH) will be removed from the Sub-Index. No direct replacement for SPH was named. Per the Index’s Methodology Guide, after the market closes on June 21, 2019, the constituents of the Index will be rebalanced and the following changes will become effective on June 24, 2019:

Constituents added:

NuStar Energy L.P. (NYSE: NS)

Energy Transfer LP (NYSE: ET)

Shell Midstream Partners, L.P. (NYSE: SHLX)

Sunoco LP (NYSE: SUN)

Constituents removed:

BP Midstream Partners LP (NYSE: BPMP)

EnLink Midstream, LLC (NYSE: ENLC)

NGL Energy Partners LP (NYSE: NGL)

Suburban Propane Partners, L.P. (NYSE: SPH)

ABOUT THE CUSHING® UTILITY INDEX

The Cushing® Utility Index tracks the performance of widely held companies engaged in electric, gas and water utility services as well as master limited partnerships (MLPs) engaged in storage and transportation of oil, natural gas, coal and consumable fuels. Constituents of the Index are weighted based on current yield. The Index price level is calculated by S&P Dow Jones Indices and reported on a real-time basis under the Bloomberg ticker “CUTI”.

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 energy infrastructure 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® 30 MLP Market Cap Index (Bloomberg Ticker: CMCI), 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) and The Cushing®Transportation Index (Bloomberg Ticker: CTRI). For more information, please visit https://www.cushingasset.com/indices.

Contact:

Brian Atwood

214-692-6334

www.cushingasset.com

Source: Cushing® Asset Management, LP and Swank Capital, LLC

The Cushing® Utility 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 Swank Capital, LLC, and 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.

Cushing® Asset Management and Swank Capital Announce Constituent Changes to The Cushing® Transportation Index

Dallas, Texas (June 14, 2019) Swank Capital, LLC and Cushing® Asset Management, LP announce an upcoming interim change to the constituents of The Cushing® Transportation Index (the “Index”). The Cushing® 30 MLP Index (the “Sub-Index”) announced today that after the market closes on June 21, 2019, and effective on June 24, 2019, Index constituent Surburban Propane Partners, L.P. (NYSE: SPH) will be removed from the Sub-Index. No direct replacement for SPH was named. Per the Index’s Methodology Guide, after the market closes on June 21, 2019, the constituents of the Index will be rebalanced and the following changes will become effective on June 24, 2019:

Constituents added:

NuStar Energy L.P. (NYSE: NS)

Energy Transfer LP (NYSE: ET)

Shell Midstream Partners, L.P. (NYSE: SHLX)

Sunoco LP (NYSE: SUN)

Constituents removed:

BP Midstream Partners LP (NYSE: BPMP)

EnLink Midstream, LLC (NYSE: ENLC)

NGL Energy Partners LP (NYSE: NGL)

Suburban Propane Partners, L.P. (NYSE: SPH)

ABOUT THE CUSHING® TRANSPORTATION INDEX

The Cushing® Transportation Index tracks the performance of widely held companies engaged in road, rail, marine and air transportation of cargoes and passengers, as well as master limited partnerships (MLPs) engaged in storage and transportation of oil, natural gas, coal and consumable fuels. Constituents of the Index are weighted based on current yield. The Index price level is calculated by S&P Dow Jones Indices and reported on a real-time basis under the Bloomberg ticker “CTRI”.

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 energy infrastructure 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® 30 MLP Market Cap Index (Bloomberg Ticker: CMCI), 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) and The Cushing®Utility Index (Bloomberg Ticker: CUTI). For more information, please visit https://www.cushingasset.com/indices.

Contact:

Brian Atwood

214-692-6334

www.cushingasset.com

Source: Cushing® Asset Management, LP and Swank Capital, LLC

The Cushing® Transportation 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 Swank Capital, LLC, and 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.

Cushing® Asset Management and Swank Capital Announce Constituent Changes to The Cushing® Energy Supply Chain Index

Dallas, Texas (June 14, 2019) Swank Capital, LLC and Cushing® Asset Management, LP announce an upcoming interim change to the constituents of The Cushing® Energy Supply Chain Index (the “Index”). The Cushing® 30 MLP Index (the “Sub-Index”) announced today that after the market closes on June 21, 2019, and effective on June 24, 2019, Index constituent Surburban Propane Partners, L.P. (NYSE: SPH) will be removed from the Sub-Index. No direct replacement for SPH was named. Per the Index’s Methodology Guide, after the market closes on June 21, 2019, the constituents of the Index will be rebalanced and the following changes will become effective on June 24, 2019:

Constituents added:

NuStar Energy L.P. (NYSE: NS)

Energy Transfer LP (NYSE: ET)

Shell Midstream Partners, L.P. (NYSE: SHLX)

Sunoco LP (NYSE: SUN)

Constituents removed:

BP Midstream Partners LP (NYSE: BPMP)

EnLink Midstream, LLC (NYSE: ENLC)

NGL Energy Partners LP (NYSE: NGL)

Suburban Propane Partners, L.P. (NYSE: SPH)

Corteva, Inc. (NYSE: CTVA)

ABOUT THE CUSHING® ENERGY SUPPLY CHAIN INDEX

The Cushing® Energy Supply Chain Index tracks the performance of widely held companies engaged in exploration and production, refining and marketing, or storage and transportation of oil, natural gas, coal and consumable fuels; oil and natural gas equipment and services companies; and companies that extract and/or manufacture materials. Constituents of the Index are weighted based on current yield. The Index price level is calculated by S&P Dow Jones Indices and reported on a real-time basis under the Bloomberg ticker “CSCI”.

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 energy infrastructure 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® 30 MLP Market Cap Index (Bloomberg Ticker: CMCI), The Cushing® MLP High Income Index (Bloomberg Ticker: MLPY), The Cushing® Energy Index (Bloomberg Ticker: CENI), 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.

Contact:

Brian Atwood

214-692-6334

www.cushingasset.com

Source: Cushing® Asset Management, LP and Swank Capital, LLC

The Cushing® Energy Supply Chain 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 Swank Capital, LLC, and 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.

Cushing® Asset Management and Swank Capital Announce Constituent Changes to The Cushing® Energy Index

Dallas, Texas (June 14, 2019) Cushing® Asset Management, LP, and Swank Capital, LLC, announce an upcoming interim change to the constituents of The Cushing® Energy Index (the “Index”). The Cushing® 30 MLP Index (the “Sub-Index”) announced today that after the market closes on June 21, 2019, and effective on June 24, 2019, Index constituent Surburban Propane Partners, L.P. (NYSE: SPH) will be removed from the Sub-Index. No direct replacement for SPH was named. Per the Index’s Methodology Guide, after the market closes on June 21, 2019, the constituents of the Index will be rebalanced and the following changes will become effective on June 24, 2019:

Constituents added:

NuStar Energy L.P. (NYSE: NS)

Energy Transfer LP (NYSE: ET)

Shell Midstream Partners, L.P. (NYSE: SHLX)

Sunoco LP (NYSE: SUN)

Constituents removed:

BP Midstream Partners LP (NYSE: BPMP)

EnLink Midstream, LLC (NYSE: ENLC)

NGL Energy Partners LP (NYSE: NGL)

Suburban Propane Partners, L.P. (NYSE: SPH)

ABOUT THE CUSHING® ENERGY INDEX

The Cushing® Energy Index tracks the performance of widely held companies engaged in exploration and production, refining and marketing, and storage and transportation of oil, natural gas, coal and consumable fuels, as well as oil and natural gas equipment and services companies. Constituents of the Index are weighted based on current yield. The Index price level is calculated by S&P Dow Jones Indices and reported on a real-time basis under the Bloomberg ticker “CENI”.

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 energy infrastructure 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® 30 MLP Market Cap Index (Bloomberg Ticker: CMCI), The Cushing® MLP High Income Index (Bloomberg Ticker: MLPY), 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.

Contact:

Brian Atwood

214-692-6334

www.cushingasset.com

Source: Cushing® Asset Management, LP and Swank Capital, LLC

The Cushing® Energy 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 Swank Capital, LLC, and 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.