Dallas, Texas (September 30, 2016) Swank Capital, LLC and Cushing® Asset Management, LP announce today the upcoming rebalancing of The Cushing® Upstream Energy Income Index (the “Index”) as part of normal index operations. After the markets close on October 7, 2016, the 22 constituents of the Index will be rebalanced, and the following changes will become effective on October 10, 2016.
Cushing® Upstream Energy Index constituents, effective October 10, 2016:
|Company Name||Ticker||Index Weight||Status|
|Black Stone Minerals, L.P.||BSM||7.50%||Existing|
|Dorchester Minerals LP||DMLP||7.50%||Existing|
|BP Prudhoe Bay Royalty Trust||BPT||7.50%||Existing|
|Permian Basin Royalty Trust||PBT||7.50%||Existing|
|Sabine Royalty Trust||SBR||7.50%||Existing|
|San Juan Basin Royalty Trust||SJT||7.50%||Existing|
|Memorial Production Partners LP||MEMP||5.60%||Existing|
|Vanguard Natural Resources, LLC||VNR||5.32%||Existing|
|Cross Timbers Royalty Trust||CRT||4.72%||Existing|
|SandRidge Permian Trust||PER||4.49%||Existing|
|EV Energy Partners, L.P.||EVEP||4.28%||Existing|
|Hugoton Royalty Trust||HGT||4.15%||Existing|
|Legacy Reserves LP||LGCY||3.95%||Existing|
|Enduro Royalty Trust||NDRO||3.71%||Existing|
|Pacific Coast Oil Trust||ROYT||3.04%||Existing|
|MV Oil Trust||MVO||2.76%||Existing|
|Chesapeake Granite Wash Trust||CHKR||2.69%||Existing|
|Mid-Con Energy Partners, LP||MCEP||2.69%||Existing|
|SandRidge Mississippian Trust II||SDR||2.44%||Existing|
|VOC Energy Trust||VOC||2.12%||NEW|
|SandRidge Mississippian Trust I||SDT||1.66%||Existing|
|Sanchez Production Partners LP||SPP||1.38%||Existing|
Constituent removed, effective October 10, 2016:
|ECA Marcellus Trust I||ECT|
ABOUT THE CUSHING® UPSTREAM ENERGY INCOME INDEX
The Index is designed to track the performance of publicly traded U.S. royalty trusts and upstream exploration and production (“Upstream”) energy master limited partnerships (“MLPs”). The Index is comprised of U.S. royalty trusts and Upstream MLPs, 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 and reported on a real-time basis under the Bloomberg ticker “CRTY”.
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® MLP Market Cap Index (Bloomberg Ticker: CMCI), The Cushing® MLP High Income Index (Bloomberg Ticker: MLPY) and The Cushing® 30 MLP Index (Bloomberg Ticker: MLPX). For more information, please visit https://www.cushingasset.com/indices.
Source: Cushing® Asset Management, LP and Swank Capital, LLC
The Cushing® Upstream Energy Index (the “Index”) is the exclusive property of 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 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.