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Swank Capital and Cushing® Asset Management Announce Rebalancing of The Cushing® Upstream Energy Income Index

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:

Company Name Ticker
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.

Contact:

Judson Redmond

214-692-6334

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.

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

Dallas, Texas (September 9, 2016) 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 16, 2016, the 30 constituents of the Index will be rebalanced, and the following changes will become effective on September 19, 2016.

 

Cushing® MLP Market Cap Index constituents, effective September 19, 2016:

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
Plains All American Pipeline, L.P. PAA 6.58% Existing
ONEOK, Inc. OKE 6.12% Existing
Williams Partners, L.P. WPZ 5.62% Existing
Buckeye Partners, L.P. BPL 5.41% Existing
MPLX LP MPLX 4.93% Existing
Sunoco Logistics Partners, L.P. SXL 4.12% Existing
ONEOK Partners, L.P. OKS 4.01% Existing
Enbridge Energy Partners,  L.P. EEP 3.16% Existing
EQT Midstream Partners, LP EQM 2.73% Existing
Western Gas Partners, L.P. WES 2.34% Existing
Genesis Energy, L.P. GEL 2.16% Existing
NuStar Energy, L.P. NS 2.09% Existing
Tesoro Logistics LP TLLP 1.93% Existing
Spectra Energy Partners, LP SEP 1.90% NEW
AmeriGas Partners, L.P. APU 1.87% Existing
DCP Midstream Partners, L.P. DPM 1.85% Existing
EnLink Midstream Partners, LP ENLK 1.70% Existing
Plains GP Holdings, L.P. PAGP 1.61% Existing
Shell Midstream Partners, L.P. SHLX 1.60% Existing
TC PipeLines, LP TCP 1.54% Existing
Phillips 66 Partners LP PSXP 1.26% Existing
Boardwalk Pipeline Partners, L.P. BWP 1.22% Existing
Suburban Propane Partners, L.P. SPH 1.18% Existing
Antero Midstream Partners LP AM 1.09% Existing
Tallgrass Energy Partners, LP TEP 1.07% Existing
Sunoco LP SUN 0.91% Existing

 

Constituent removed, effective September 19, 2016:

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

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 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) and The Cushing® Upstream Energy Income Index (Bloomberg Ticker: CRTY). For more information, please visit www.cushingasset.com.

Contact:

Judson Redmond

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 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.

Swank Capital and Cushing® Asset Management Announce Rebalancing of The Cushing® 30 MLP Index

Dallas, Texas (September 9, 2016) Swank Capital, LLC, and Cushing® Asset Management, LP, announce today the upcoming rebalancing of The Cushing® 30 MLP Index (the “Index”) as part of normal index operations. After the markets close on September 16, 2016, the 30 constituents of the Index will be rebalanced, effective September 19, 2016, as follows. Although there will be changes to the constituent weightings, there will be no changes to the Index constituents on this date.

 

Cushing® 30 MLP Index constituents, effective September 16, 2016:

Company Name Ticker Index Weight Status
Antero Midstream Partners LP AM 3.33% Existing
AmeriGas Partners, L.P. APU 3.33% Existing
Buckeye Partners, L.P. BPL 3.33% Existing
Columbia Pipeline Partners LP CPPL 3.33% Existing
Dominion Midstream Partners, LP DM 3.33% Existing
Enbridge Energy Partners,  L.P. EEP 3.33% Existing
EnLink Midstream Partners, LP ENLK 3.33% Existing
Enterprise Products Partners, L.P. EPD 3.33% Existing
EQT Midstream Partners, LP EQM 3.33% Existing
Energy Transfer Equity, L.P. ETE 3.33% Existing
Energy Transfer Partners, L.P. ETP 3.33% Existing
Genesis Energy, L.P. GEL 3.33% Existing
Magellan Midstream Partners, L.P. MMP 3.33% Existing
MPLX LP MPLX 3.33% Existing
ONEOK, Inc. OKE 3.33% Existing
ONEOK Partners, L.P. OKS 3.33% Existing
Plains All American Pipeline, L.P. PAA 3.33% Existing
Plains GP Holdings, L.P. PAGP 3.33% Existing
Phillips 66 Partners LP PSXP 3.33% Existing
Rice Midstream Partners LP RMP 3.33% Existing
Shell Midstream Partners, L.P. SHLX 3.33% Existing
Summit Midstream Partners, LP SMLP 3.33% Existing
Sunoco LP SUN 3.33% Existing
Sunoco Logistics Partners, L.P. SXL 3.33% Existing
Tallgrass Energy Partners, LP TEP 3.33% Existing
Tesoro Logistics LP TLLP 3.33% Existing
Valero Energy Partners LP VLP 3.33% Existing
Western Gas Partners, L.P. WES 3.33% Existing
Western Refining Logistics, LP WNRL 3.33% Existing
Williams Partners, L.P. WPZ 3.33% Existing

ABOUT THE CUSHING® MLP INDEX

The Cushing® 30 MLP Index tracks the performance of 30 publicly traded MLP securities that hold midstream energy infrastructure assets in North America, chosen according to a formula-based proprietary valuation model developed by Cushing® Asset Management, LP to rank MLPs 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 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® Upstream Energy Income Index (Bloomberg Ticker: CRTY). For more information, please visit www.cushingasset.com.

Contact:

Judson Redmond

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 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.

Swank Capital and Cushing® Asset Management Announce a Special Rebalance of The Cushing® Upstream Energy Income Index

Dallas, Texas (July 13, 2016) Swank Capital, LLC and Cushing® Asset Management, LP announce today a special rebalance of The Cushing® Upstream Energy Income Index (the “Index”). Per the Index’s methodology guide, a constituent will be removed immediately upon being delisted from its primary market. The New York Stock Exchange (“NYSE”) announced on July 12, 2016, that its staff has determined to commence proceedings to delist the common units of Atlas Resource Partners, L.P. (“ARP”) from the NYSE. Due to the delisting announcement, ARP will be removed from the Index after the markets close on July 13, 2016.

Ordinarily, a constituent removed from the Index due to a delisting would be replaced by an eligible royalty trust or upstream MLP that is not already a constituent of the Index; however, per the Index’s constituent criteria, there will be no eligible replacement royalty trust or upstream MLP at the time of ARP’s removal from the Index. The absence of any eligible royalty trust or upstream MLP to replace ARP will result in a reduction in the number of constituents in the Index, necessitating a rebalancing of the Index. After the markets close on July 13, 2016, the Index will be rebalanced, and the following changes will become effective on July 14, 2016.

Cushing® Upstream Energy Index constituents, effective July 14, 2016:

Company Name Ticker Index Weight Status
Black Stone Minerals, L.P. BSM 7.50% Existing
Dorchester Minerals LP DMLP 7.50% Existing
Vanguard Natural Resources, LLC VNR 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 5.76% Existing
Cross Timbers Royalty Trust CRT 4.63% Existing
EV Energy Partners, L.P. EVEP 4.37% Existing
Legacy Reserves LP LGCY 4.23% Existing
SandRidge Permian Trust PER 3.76% Existing
Hugoton Royalty Trust HGT 3.63% Existing
Enduro Royalty Trust NDRO 3.33% Existing
Pacific Coast Oil Trust ROYT 2.77% Existing
SandRidge Mississippian Trust II SDR 2.73% Existing
MV Oil Trust MVO 2.70% Existing
SandRidge Mississippian Trust I SDT 2.64% Existing
Chesapeake Granite Wash Trust CHKR 2.49% Existing
Mid-Con Energy Partners, LP MCEP 1.63% Existing
ECA Marcellus Trust I ECT 1.42% Existing
Sanchez Production Partners LP SPP 1.41% Existing

 

Constituents removed, effective July 14, 2016:

Company Name Ticker
Atlas Resource Partners, L.P. ARP

 

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 currently 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 while the constituents are selected from the entire universe of publicly traded U.S. royalty trusts and Upstream MLPs. The Index is quoted under the Bloomberg ticker “CRTY” as well as on a total-return basis, using end of day pricing, under the ticker “CRTYTR”. For more information about the Index, please visit: www.cushingasset.com/indices.

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 www.cushingasset.com/indices.

Contact:

Judson Redmond

214-692-6334

www.cushingasset.com

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.

Swank Capital and Cushing® Asset Management Announce Rebalancing of the Cushing® MLP High Income Index

Dallas, Texas (July 1, 2016) Swank Capital, LLC and Cushing® Asset Management, LP announce today the upcoming rebalancing of The Cushing® MLP High Income Index (the “Index”) as part of normal index operations. After the markets close on July 8, 2016, the 30 constituents of the Index will be rebalanced, and the following changes will become effective on July 11, 2016.

Cushing® MLP High Income Index constituents, effective July 11, 2016:

Company Name Ticker Tier Index Weight Prior Tier
Ferrellgas Partners, L.P. FGP 1 5.0% 1
Energy Transfer Partners, L.P. ETP 1 5.0% 1
Sunoco LP SUN 1 5.0% 3
Suburban Propane Partners, L.P. SPH 1 5.0% 1
Plains All American Pipeline, L.P. PAA 1 5.0% 1
Enbridge Energy Partners,  L.P. EEP 1 5.0% 1
Summit Midstream Partners, LP SMLP 1 5.0% 1
Williams Partners, L.P. WPZ 1 5.0% 1
EnLink Midstream Partners, LP ENLK 1 5.0% 1
NuStar Energy, L.P. NS 1 5.0% 2
Martin Midstream Partners L.P. MMLP 2 3.5% 2
Golar LNG Partners LP GMLP 2 3.5% 3
Plains GP Holdings, L.P. PAGP 2 3.5% 2
DCP Midstream Partners, L.P. DPM 2 3.5% 1
AmeriGas Partners, L.P. APU 2 3.5% 3
ONEOK Partners, L.P. OKS 2 3.5% 2
Energy Transfer Equity, L.P. ETE 2 3.5% 1
Genesis Energy, L.P. GEL 2 3.5% 3
Buckeye Partners, L.P. BPL 2 3.5% 2
Sunoco Logistics Partners, L.P. SXL 2 3.5% 3
SunCoke Energy Partners, L.P. SXCP 3 1.5% 3
USA Compression Partners, LP USAC 3 1.5% New
Transocean Partners LLC RIGP 3 1.5% New
Western Gas Partners, L.P. WES 3 1.5% 3
Holly Energy Partners, L.P. HEP 3 1.5% New
Tesoro Logistics LP TLLP 3 1.5% 2
EnLink Midstream, LLC ENLC 3 1.5% 3
Tallgrass Energy Partners, LP TEP 3 1.5% 2
TC PipeLines, LP TCP 3 1.5% 2
MPLX LP MPLX 3 1.5% 2

Constituents removed, effective July 11, 2016:

Company Name Ticker
NuStar GP Holdings, LLC NSH
ONEOK, Inc. OKE
Black Stone Minerals, L.P. BSM

 

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 publicly traded energy and shipping master limited partnership (MLP) securities with an emphasis on current yield.  The securities are chosen for inclusion according to a three-tier 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 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® 30 MLP Index (Bloomberg Ticker:  MLPX), The Cushing® MLP Market Cap Index (Bloomberg Ticker:  CMCI) and The Cushing® Upstream Energy Income Index (Bloomberg Ticker:  CRTY).  For more information, please visit www.swankcapital.com/the-cushing-indices.

 

For additional information contact:

Judson Redmond

214-692-6334

www.swankcapital.com

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

The Cushing® MLP High Income 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 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 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.

Swank Capital and Cushing® Asset Management Announce Rebalancing of The Cushing® Upstream Energy Income Index

Dallas, Texas (June 24, 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 July 1, 2016, the 23 constituents of the Index will be rebalanced, and the following changes will become effective on July 5, 2016.

Cushing® Upstream Energy Index constituents, effective July 5, 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
Vanguard Natural Resources, LLC VNR 6.17% Existing
Memorial Production Partners LP MEMP 6.16% Existing
Legacy Reserves LP LGCY 4.64% Existing
EV Energy Partners, L.P. EVEP 4.49% Existing
Cross Timbers Royalty Trust CRT 4.04% Existing
SandRidge Permian Trust PER 3.73% Existing
Enduro Royalty Trust NDRO 3.52% Existing
Hugoton Royalty Trust HGT 3.44% Existing
SandRidge Mississippian Trust II SDR 2.82% Existing
Pacific Coast Oil Trust ROYT 2.81% Existing
MV Oil Trust MVO 2.69% Existing
SandRidge Mississippian Trust I SDT 2.59% Existing
Chesapeake Granite Wash Trust CHKR 2.48% Existing
Mid-Con Energy Partners, LP MCEP 1.82% Existing
ECA Marcellus Trust I ECT 1.29% NEW
Sanchez Production Partners LP SPP 1.26% Existing
Atlas Resource Partners, L.P. ARP 1.05% Existing

Constituents removed, effective July 5, 2016:

Company Name Ticker
Mesa Royalty Trust MTR

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 currently comprised of 23 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 while the constituents are selected from the entire universe of publicly traded U.S. royalty trusts and Upstream MLPs. The Index is quoted under the Bloomberg ticker “CRTY” as well as on a total-return basis, using end of day pricing, under the ticker “CRTYTR”. For more information about the Index, please visit: www.swankcapital.com/the-cushing-indices.

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 www.swankcapital.com/the-cushing-indices.

Contact:

Judson Redmond

214-692-6334

www.swankcapital.com

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.

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

Dallas, Texas (June 20, 2016) Swank Capital, LLC and Cushing® Asset Management, LP announce a potential interim change and special rebalancing of The Cushing® MLP Market Cap Index (the “Index”). Index constituent The Williams Companies, Inc. (NYSE: WMB) previously entered into an Agreement and Plan of Merger with Index constituent Energy Transfer Equity, L.P. (NYSE: ETE) and affiliated entities wherein WMB would be merged into Energy Transfer Corp LP, an ETE subsidiary that will trade publicly on the NYSE following the merger. The completion of the merger is subject to the approval of WMB stockholders. A special meeting of the stockholders of WMB is scheduled for June 27, 2016, at 9:00 AM Central Daylight Time for the purpose of considering and voting on the proposed acquisition.

If the acquisition is approved, WMB will be removed from the Index and replaced with Holly Energy Partners, L.P. (NYSE: HEP) after the markets close on June 27, 2016. Additionally, because WMB is an incumbent constituent with a weighting exceeding 3.5%, the Index will be rebalanced and all constituent weightings will be adjusted as shown below. The changes will be effective on June 28, 2016.

If the acquisition is not approved, there will be no change to the constituents of the Index or to Index constituent weightings.

Cushing® MLP Market Cap Index constituents effective June 28, 2016, if acquisition approved by WMB stockholders on June 27, 2016:

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

Plains All American Pipeline, L.P.

PAA

6.76%

Existing

Energy Transfer Equity, L.P.

ETE

6.37%

Existing

ONEOK, Inc.

OKE

6.13%

Existing

Buckeye Partners, L.P.

BPL

5.94%

Existing

Williams Partners, L.P.

WPZ

5.38%

Existing

MPLX LP

MPLX

5.29%

Existing

ONEOK Partners, L.P.

OKS

4.25%

Existing

Sunoco Logistics Partners, L.P.

SXL

3.86%

Existing

Enbridge Energy Partners,  L.P.

EEP

3.10%

Existing

EQT Midstream Partners, LP

EQM

2.74%

Existing

NuStar Energy, L.P.

NS

2.47%

Existing

Western Gas Partners, L.P.

WES

2.42%

Existing

Genesis Energy, L.P.

GEL

2.27%

Existing

Tesoro Logistics LP

TLLP

2.09%

Existing

DCP Midstream Partners, L.P.

DPM

1.97%

Existing

AmeriGas Partners, L.P.

APU

1.96%

Existing

Shell Midstream Partners, L.P.

SHLX

1.86%

Existing

TC PipeLines, LP

TCP

1.77%

Existing

Plains GP Holdings, L.P.

PAGP

1.58%

Existing

EnLink Midstream Partners, LP

ENLK

1.42%

Existing

Boardwalk Pipeline Partners, L.P.

BWP

1.41%

Existing

Phillips 66 Partners LP

PSXP

1.24%

Existing

Suburban Propane Partners, L.P.

SPH

1.23%

Existing

Tallgrass Energy Partners, LP

TEP

1.16%

Existing

Antero Midstream Partners LP

AM

1.10%

Existing

Sunoco LP

SUN

0.96%

Existing

Holly Energy Partners, L.P.

HEP

0.77%

NEW

Constituents removed effective June 28, 2016, if acquisition approved by WMB stockholders on June 27, 2016:

Company Name

Ticker

The Williams Companies, Inc.

WMB

 

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 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) and The Cushing® Upstream Energy Income Index (Bloomberg Ticker: CRTY). For more information, please visit www.swankcapital.com/the-cushing-indices.

Contact:
Judson Redmond
214-692-6334
www.swankcapital.com

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

The Cushing® MLP Market Cap 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.

 

 

 

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

Dallas, Texas (June 10, 2016) 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 June 17, 2016, the 30 constituents of the Index will be rebalanced, and the following changes will become effective on June 20, 2016.

Cushing® MLP Market Cap Index constituents, effective June 20, 2016:

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

Plains All American Pipeline, L.P.

PAA

6.07%

Existing

Energy Transfer Equity, L.P.

ETE

6.02%

Existing

ONEOK, Inc.

OKE

5.42%

Existing

Buckeye Partners, L.P.

BPL

5.41%

Existing

MPLX LP

MPLX

4.85%

Existing

Williams Partners, L.P.

WPZ

4.84%

Existing

ONEOK Partners, L.P.

OKS

3.79%

Existing

Sunoco Logistics Partners, L.P.

SXL

3.62%

Existing

Enbridge Energy Partners,  L.P.

EEP

2.87%

Existing

EQT Midstream Partners, LP

EQM

2.38%

Existing

Western Gas Partners, L.P.

WES

2.27%

Existing

NuStar Energy, L.P.

NS

2.23%

Existing

Genesis Energy, L.P.

GEL

2.08%

Existing

DCP Midstream Partners, L.P.

DPM

1.91%

Existing

Tesoro Logistics LP

TLLP

1.90%

Existing

AmeriGas Partners, L.P.

APU

1.80%

Existing

Shell Midstream Partners, L.P.

SHLX

1.70%

Existing

TC PipeLines, LP

TCP

1.64%

Existing

Plains GP Holdings, L.P.

PAGP

1.48%

Existing

EnLink Midstream Partners, LP

ENLK

1.32%

Existing

Boardwalk Pipeline Partners, L.P.

BWP

1.25%

Existing

Suburban Propane Partners, L.P.

SPH

1.21%

Existing

Phillips 66 Partners LP

PSXP

1.10%

Existing

Tallgrass Energy Partners, LP

TEP

1.00%

NEW

Antero Midstream Partners LP

AM

0.94%

Existing

Sunoco LP

SUN

0.90%

Existing

Constituents removed, effective June 20, 2016:

Company Name

Ticker

Spectra Energy Partners, LP

SEP

 

ABOUT THE CUSHING®</sup> MLP MARKET CAP INDEX

The Cushing<sup>®</sup> 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<sup>®</sup> 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<sup>®</sup> 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<sup>®</sup> 30 MLP Index (Bloomberg Ticker: MLPX), The Cushing<sup>®</sup> MLP High Income Index (Bloomberg Ticker: MLPY) and The Cushing<sup>®</sup> Upstream Energy Income Index (Bloomberg Ticker: CRTY). For more information, please visit www.swankcapital.com/the-cushing-indices.

 

Contact:
Judson Redmond
214-692-6334
www.swankcapital.com

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

The Cushing® MLP Market Cap 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.

CUSH-CMCI

 

Swank Capital and Cushing® Asset Management Announce Rebalancing of The Cushing® 30 MLP Index

Dallas, Texas (June 10, 2016) Swank Capital, LLC, and Cushing® Asset Management, LP, announce today the upcoming rebalancing of The Cushing® 30 MLP Index (the “Index”) as part of normal index operations. After the markets close on June 17, 2016, the 30 constituents of the Index will be rebalanced, and the following changes will become effective on June 20, 2016.

Cushing® 30 MLP Index constituents, effective June 20, 2016:

Company Name

Ticker

Index Weight

Status

Antero Midstream Partners LP

AM

3.33%

NEW

AmeriGas Partners, L.P.

APU

3.33%

Existing

Buckeye Partners, L.P.

BPL

3.33%

Existing

Columbia Pipeline Partners LP

CPPL

3.33%

NEW

Dominion Midstream Partners, LP

DM

3.33%

NEW

Enbridge Energy Partners,  L.P.

EEP

3.33%

Existing

EnLink Midstream Partners, LP

ENLK

3.33%

Existing

Enterprise Products Partners, L.P.

EPD

3.33%

Existing

EQT Midstream Partners, LP

EQM

3.33%

Existing

Energy Transfer Equity, L.P.

ETE

3.33%

Existing

Energy Transfer Partners, L.P.

ETP

3.33%

Existing

Genesis Energy, L.P.

GEL

3.33%

NEW

Magellan Midstream Partners, L.P.

MMP

3.33%

Existing

MPLX LP

MPLX

3.33%

Existing

ONEOK, Inc.

OKE

3.33%

Existing

ONEOK Partners, L.P.

OKS

3.33%

Existing

Plains All American Pipeline, L.P.

PAA

3.33%

Existing

Plains GP Holdings, L.P.

PAGP

3.33%

Existing

Phillips 66 Partners LP

PSXP

3.33%

NEW

Rice Midstream Partners LP

RMP

3.33%

NEW

Shell Midstream Partners, L.P.

SHLX

3.33%

NEW

Summit Midstream Partners, LP

SMLP

3.33%

Existing

Sunoco LP

SUN

3.33%

Existing

Sunoco Logistics Partners, L.P.

SXL

3.33%

Existing

Tallgrass Energy Partners, LP

TEP

3.33%

Existing

Tesoro Logistics LP

TLLP

3.33%

Existing

Valero Energy Partners LP

VLP

3.33%

NEW

Western Gas Partners, L.P.

WES

3.33%

Existing

Western Refining Logistics, LP

WNRL

3.33%

Existing

Williams Partners, L.P.

WPZ

3.33%

Existing

Constituents removed, effective June 20, 2016:

Company Name

Ticker

Boardwalk Pipeline Partners, L.P.

BWP

DCP Midstream Partners, L.P.

DPM

EnLink Midstream, LLC

ENLC

Ferrellgas Partners, L.P.

FGP

NuStar Energy, L.P.

NS

Rose Rock Midstream, L.P.

RRMS

Spectra Energy Partners, LP

SEP

The Williams Companies, Inc.

WMB

 

ABOUT THE CUSHING® MLP INDEX

The Cushing® 30 MLP Index tracks the performance of 30 publicly traded MLP securities that hold midstream energy infrastructure assets in North America, chosen according to a formula-based proprietary valuation model developed by Cushing® Asset Management, LP to rank MLPs 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 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® Upstream Energy Income Index (Bloomberg Ticker: CRTY). For more information, please visit www.swankcapital.com/the-cushing-indices.

Contact:
Judson Redmond
214-692-6334
www.swankcapital.com

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

The Cushing® 30 MLP 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.

Swank Capital and Cushing® Asset Management Announce a Special Rebalance of The Cushing® Upstream Energy Income Index

Dallas, Texas (May 16, 2016) Swank Capital, LLC and Cushing® Asset Management, LP announce today an immediate special rebalance to The Cushing® Upstream Energy Income Index (the “Index”). Per the Index’s methodology guide, a constituent will be removed immediately after a bankruptcy filing. Due to the May 15, 2016, bankruptcy filing by Breitburn Energy Partners LP (NASDAQ: BBEP), BBEP will be removed from the Index after the markets close on May 16, 2016. Ordinarily, a constituent removed from the Index due to a bankruptcy filing would be replaced by an eligible royalty trust or upstream MLP that is not already a constituent of the Index; however, there will be no eligible replacement royalty trust or upstream MLP at the time of BBEP’s removal from the Index.

The absence of any eligible royalty trust or upstream MLP to replace BBEP will result in fewer than 25 constituents in the Index. According to the Index’s methodology guide, if there are fewer than 25 royalty trusts and upstream MLPs meeting the Index’s eligibility criteria, the number of constituents will be set at the number of royalty trusts and upstream MLPs that do meet the criteria, necessitating a rebalancing of the Index. As an outcome of this rebalancing, as of May 16, 2016, VOC Energy Trust (NYSE: VOC) no longer meets the criteria for inclusion in the Index and also will be removed, bringing the number of constituents to 23.

After the markets close on May 16, 2016, the Index will be rebalanced, and the following changes will become effective on May 17, 2016.

Cushing® Upstream Energy Index constituents, effective May 17, 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
Vanguard Natural Resources, LLC VNR 7.39% Existing
Memorial Production Partners LP MEMP 6.50% Existing
Legacy Reserves LP LGCY 5.83% Existing
SandRidge Permian Trust PER 3.72% Existing
Cross Timbers Royalty Trust CRT 3.65% Existing
EV Energy Partners, L.P. EVEP 3.64% Existing
Enduro Royalty Trust NDRO 3.30% Existing
SandRidge Mississippian Trust II SDR 3.23% Existing
SandRidge Mississippian Trust I SDT 2.66% Existing
Chesapeake Granite Wash Trust CHKR 2.49% Existing
Pacific Coast Oil Trust ROYT 2.35% Existing
Hugoton Royalty Trust HGT 2.34% Existing
Mid-Con Energy Partners, LP MCEP 2.33% Existing
MV Oil Trust MVO 2.27% Existing
Atlas Resource Partners, L.P. ARP 1.48% Existing
Sanchez Production Partners LP SPP 1.20% Existing
Mesa Royalty Trust MTR 0.61% Existing

Constituents removed, effective May 17, 2016:

Company Name Ticker
BreitBurn Energy Partners LP BBEP
VOC Energy Trust VOC

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 currently comprised of 25 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 while the constituents are selected from the entire universe of publicly traded U.S. royalty trusts and Upstream MLPs. The Index is quoted under the Bloomberg ticker “CRTY” as well as on a total-return basis, using end of day pricing, under the ticker “CRTYTR”. For more information about the Index, please visit: www.swankcapital.com/the-cushing-indices.

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 www.swankcapital.com/the-cushing-indices.

Contact:
Judson Redmond
214-692-6334
www.swankcapital.com

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.