Blog

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

Dallas, Texas (July 3, 2014)    Swank Capital, LLC and Cushing® Asset Management, LP announced today upcoming changes to the constituents of The Cushing® MLP High Income Index (the “Index”) as part of normal index operations.  After the markets close on July 11, 2014, the 30 members of the Index will be adjusted and rebalanced and the changes will become effective on July 14, 2014.

Cushing® MLP High Income Index constituents, effective July 14, 2014:

Company Name

Ticker

Tier

Index

Weight

Prior

Tier

Atlas Resource Partners, L.P.

ARP

1

5.0%

1

Memorial Production Partners LP

MEMP

1

5.0%

1

BreitBurn Energy Partners L.P.

BBEP

1

5.0%

1

Linn Energy, LLC

LINE

1

5.0%

1

Calumet Specialty Products Partners, L.P.

CLMT

1

5.0%

1

Capital Product Partners L.P.

CPLP

1

5.0%

2

AmeriGas Partners, L.P.

APU

1

5.0%

2

Legacy Reserves LP

LGCY

1

5.0%

1

Crestwood Midstream Partners LP

CMLP

1

5.0%

2

Ferrellgas Partners, L.P.

FGP

1

5.0%

1

Navios Maritime Partners L.P.

NMM

2

3.5%

1

EV Energy Partners, L.P.

EVEP

2

3.5%

1

Suburban Propane Partners, L.P.

SPH

2

3.5%

1

El Paso Pipeline Partners, L.P.

EPB

2

3.5%

2

Atlas Pipeline Partners, L.P.

APL

2

3.5%

2

NuStar Energy, L.P.

NS

2

3.5%

2

Kinder Morgan Energy Partners, L.P.

KMP

2

3.5%

2

Williams Partners, L.P.

WPZ

2

3.5%

3

Energy Transfer Partners, L.P.

ETP

2

3.5%

3

TC PipeLines, LP

TCP

2

3.5%

3

Exterran Partners, L.P.

EXLP

3

1.5%

2

Seadrill Partners LLC

SDLP

3

1.5%

3

Enbridge Energy Partners,  L.P.

EEP

3

1.5%

2

Regency Energy Partners, L.P.

RGP

3

1.5%

2

Teekay Offshore Partners L.P.

TOO

3

1.5%

3

Teekay LNG Partners L.P.

TGP

3

1.5%

3

Holly Energy Partners, L.P.

HEP

3

1.5%

NEW

Golar LNG Partners LP

GMLP

3

1.5%

3

NuStar GP Holdings, LLC

NSH

3

1.5%

3

Buckeye Partners, L.P.

BPL

3

1.5%

3

 

Constituents removed, effective July 14, 2014:

Company Name

Ticker

Niska Gas Storage Partners LLC

NKA

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.

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.

SOURCE Cushing Asset Management, LP and Swank Capital, LLC

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

Dallas, Texas (June 27, 2014)  Swank Capital, LLC and Cushing® Asset Management, LP announced today upcoming changes to the constituents of The Cushing® Upstream Energy Income Index (the “Index”) as part of normal index operations.  After the markets close on July 3, 2014, the 25 constituents of the Index will be adjusted and rebalanced and the following changes will become effective on July 7, 2014.

Cushing® Upstream Energy Index constituents effective July 7, 2014

Company Name

Ticker

Index Weight

Status

BreitBurn Energy Partners L.P.

BBEP

7.50%

Existing

EV Energy Partners, L.P.

EVEP

7.50%

Existing

Legacy Reserves LP

LGCY

7.50%

Existing

Linn Energy, LLC

LINE

7.50%

Existing

Memorial Production Partners LP

MEMP

7.50%

Existing

Vanguard Natural Resources, LLC

VNR

7.50%

Existing

BP Prudhoe Bay Royalty Trust

BPT

7.50%

Existing

Atlas Resource Partners, L.P.

ARP

5.91%

Existing

QR Energy, LP

QRE

5.41%

Existing

San Juan Basin Royalty Trust

SJT

4.39%

Existing

Sabine Royalty Trust

SBR

4.33%

Existing

Dorchester Minerals LP

DMLP

4.15%

Existing

Permian Basin Royalty Trust

PBT

2.83%

Existing

SandRidge Permian Trust

PER

2.48%

Existing

Hugoton Royalty Trust

HGT

2.28%

Existing

Pacific Coast Oil Trust

ROYT

2.21%

Existing

Mid-Con Energy Partners, LP

MCEP

1.97%

Existing

LRR Energy, L.P.

LRE

1.90%

Existing

Chesapeake Granite Wash Trust

CHKR

1.75%

Existing

SandRidge Mississippian Trust II

SDR

1.72%

Existing

MV Oil Trust

MVO

1.69%

Existing

New Source Energy Partners L.P.

NSLP

1.30%

NEW

VOC Energy Trust

VOC

1.10%

Existing

Whiting USA Trust II

WHZ

1.05%

Existing

Cross Timbers Royalty Trust

CRT

1.03%

Existing

 

Constituent removed effective July 7, 2014

Company Name

Ticker

SandRidge Mississippian Trust I

SDT

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® MLP 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.

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.

SOURCE Cushing Asset Management, LP; Swank Capital, LLC

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

Dallas, Texas (June 13, 2014)   Swank Capital, LLC and Cushing® Asset Management, LP announced today upcoming changes to the constituents of The Cushing® MLP Market Cap Index (the “Index”) as part of normal index operations.  After the markets close on June 20, 2014, the 30 members of the Index will be adjusted and rebalanced and the changes below will become effective on June 23, 2014.

Cushing® MLP Market Cap Index constituents (effective June 23, 2014):

Company Name

Ticker

Index Weight

Status

Enterprise Products Partners, L.P.

EPD

7.50%

Existing

Energy Transfer Equity, L.P.

ETE

7.50%

Existing

Kinder Morgan Energy Partners, L.P.

KMP

7.50%

Existing

Magellan Midstream Partners, L.P.

MMP

7.50%

Existing

Plains All American Pipeline, L.P.

PAA

7.50%

Existing

Energy Transfer Partners, L.P.

ETP

6.21%

Existing

MarkWest Energy Partners, L.P.

MWE

4.26%

Existing

Buckeye Partners, L.P.

BPL

3.69%

Existing

Access Midstream Partners, L.P.

ACMP

3.66%

Existing

ONEOK Partners, L.P.

OKS

3.44%

Existing

Regency Energy Partners, L.P.

RGP

3.44%

Existing

Williams Partners, L.P.

WPZ

3.40%

Existing

Kinder Morgan Management, LLC

KMR

3.38%

Existing

Targa Resources Partners, L.P.

NGLS

2.79%

Existing

Enbridge Energy Partners,  L.P.

EEP

2.66%

Existing

Sunoco Logistics Partners, L.P.

SXL

2.60%

Existing

Linn Energy, LLC

LINE

2.43%

Existing

Western Gas Partners, L.P.

WES

2.01%

Existing

El Paso Pipeline Partners, L.P.

EPB

1.88%

Existing

DCP Midstream Partners, L.P.

DPM

1.88%

Existing

NuStar Energy, L.P.

NS

1.84%

Existing

Targa Resources Corp.

TRGP

1.83%

Existing

Plains GP Holdings, L.P.

PAGP

1.58%

Existing

AmeriGas Partners, L.P.

APU

1.54%

Existing

Genesis Energy, L.P.

GEL

1.51%

Existing

Linn Co, LLC

LNCO

1.51%

Existing

EQT Midstream Partners, LP

EQM

1.40%

New

Crestwood Midstream Partners LP

CMLP

1.30%

Existing

EnLink Midstream Partners, LP

ENLK

1.17%

New

Suburban Propane Partners, L.P.

SPH

1.09%

Existing

 

Constituent removed, effective June 23, 2014:

Spectra Energy Partners, LP

SEP

BreitBurn Energy Partners L.P.

BBEP

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.

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.

SOURCE Cushing Asset Management, LP; Swank Capital, LLC

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

Dallas, Texas (June 13, 2014)   Swank Capital, LLC and Cushing® Asset Management, LP announced today upcoming changes to the constituents of The Cushing® 30 MLP Index (the “Index”) as part of normal index operations.  After the markets close on June 20, 2014, the 30 members of the Index will be adjusted and rebalanced to equal weights and the changes below will become effective on June 23, 2014.

Cushing® 30 MLP Index constituents (effective June 23, 2014):

Company Name

Ticker

Index
Weight

Status

Access Midstream Partners, L.P.

ACMP

3.33%

Existing

Atlas Pipeline Partners, L.P.

APL

3.33%

Existing

AmeriGas Partners, L.P.

APU

3.33%

Existing

Alliance Resource Partners, L.P.

ARLP

3.33%

Existing

Crestwood Midstream Partners LP

CMLP

3.33%

New

DCP Midstream Partners, L.P.

DPM

3.33%

New

Enbridge Energy Partners,  L.P.

EEP

3.33%

Existing

EnLink Midstream, LLC

ENLC

3.33%

Existing

EnLink Midstream Partners, LP

ENLK

3.33%

Existing

El Paso Pipeline Partners, L.P.

EPB

3.33%

Existing

Enterprise Products Partners, L.P.

EPD

3.33%

Existing

EQT Midstream Partners, LP

EQM

3.33%

New

Energy Transfer Equity, L.P.

ETE

3.33%

Existing

Energy Transfer Partners, L.P.

ETP

3.33%

Existing

Kinder Morgan, Inc.

KMI

3.33%

Existing

Kinder Morgan Energy Partners, L.P.

KMP

3.33%

Existing

Magellan Midstream Partners, L.P.

MMP

3.33%

Existing

NGL Energy Partners LP

NGL

3.33%

New

Targa Resources Partners, L.P.

NGLS

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

Regency Energy Partners, L.P.

RGP

3.33%

New

Suburban Propane Partners, L.P.

SPH

3.33%

New

Sunoco Logistics Partners, L.P.

SXL

3.33%

Existing

Tesoro Logistics LP

TLLP

3.33%

Existing

Targa Resources Corp.

TRGP

3.33%

Existing

Western Gas Partners, L.P.

WES

3.33%

Existing

Williams Partners, L.P.

WPZ

3.33%

Existing

 

Constituents removed, effective June 23, 2014:

Company Name

Ticker

Alliance Holdings GP. L.P.

AHGP

Buckeye Partners, L.P.

BPL

Crestwood Equity Partners LP

CEQP

Genesis Energy, L.P.

GEL

MarkWest Energy Partners, L.P.

MWE

NuStar GP Holdings, LLC

NSH

Spectra Energy Partners, LP

SEP

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 proprietary fundamental scoring 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.

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.

SOURCE Cushing Asset Management, LP; Swank Capital, LLC

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

Dallas, Texas (April 4, 2014)    Swank Capital, LLC and Cushing® MLP Asset Management, LP announced today upcoming changes to the constituents of The Cushing® MLP High Income Index (the “Index”) as part of normal index operations.  After the markets close on April 11, 2014, the 30 members of the Index will be adjusted and rebalanced and the changes will become effective on April 14, 2014.

Cushing® MLP High Income Index constituents, effective April 14, 2014:

Company Name

Ticker

Tier

Index Weight

Prior Tier

Atlas Resource Partners, L.P.

ARP

1

5.0%

1

Calumet Specialty Products Partners, L.P.

CLMT

1

5.0%

1

Linn Energy, LLC

LINE

1

5.0%

1

BreitBurn Energy Partners L.P.

BBEP

1

5.0%

1

Memorial Production Partners LP

MEMP

1

5.0%

1

Navios Maritime Partners L.P.

NMM

1

5.0%

1

Legacy Reserves LP

LGCY

1

5.0%

3

EV Energy Partners, L.P.

EVEP

1

5.0%

1

Ferrellgas Partners, L.P.

FGP

1

5.0%

2

Suburban Propane Partners, L.P.

SPH

1

5.0%

3

Capital Product Partners L.P.

CPLP

2

3.5%

2

El Paso Pipeline Partners, L.P.

EPB

2

3.5%

2

NuStar Energy, L.P.

NS

2

3.5%

1

AmeriGas Partners, L.P.

APU

2

3.5%

2

Enbridge Energy Partners,  L.P.

EEP

2

3.5%

2

Atlas Pipeline Partners, L.P.

APL

2

3.5%

2

Exterran Partners, L.P.

EXLP

2

3.5%

3

Kinder Morgan Energy Partners, L.P.

KMP

2

3.5%

3

Crestwood Midstream Partners LP

CMLP

2

3.5%

3

Regency Energy Partners, L.P.

RGP

2

3.5%

2

Niska Gas Storage Partners LLC

NKA

3

1.5%

NEW

Golar LNG Partners LP

GMLP

3

1.5%

2

Williams Partners, L.P.

WPZ

3

1.5%

2

Energy Transfer Partners, L.P.

ETP

3

1.5%

3

TC PipeLines, LP

TCP

3

1.5%

3

NuStar GP Holdings, LLC

NSH

3

1.5%

1

Teekay Offshore Partners L.P.

TOO

3

1.5%

3

Teekay LNG Partners L.P.

TGP

3

1.5%

3

Seadrill Partners LLC

SDLP

3

1.5%

NEW

Buckeye Partners, L.P.

BPL

3

1.5%

NEW

Constituents removed, effective April 14, 2014:

Company Name

Ticker

Cheniere Energy Partners, L.P.

CQP

Holly Energy Partners, L.P.

HEP

NGL Energy Partners LP

NGL

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® MLP 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® MLP ASSET MANAGEMENT

Cushing® MLP 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.

The Cushing® MLP High Income Index (the “Index”) is the exclusive property of Cushing® MLP 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); 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® MLP Asset Management, LP.  None of S&P Dow Jones Indices, SPFS, Dow Jones S&P or any of their affiliates sponsor or promote the Index and none shall be liable for any errors or omissions in calculating the Index.

SOURCE Cushing MLP Asset Management, LP and Swank Capital, LLC

 

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

Dallas, Texas (April 4, 2014)   Swank Capital, LLC and Cushing® MLP Asset Management, LP announced today upcoming changes to the constituents of The Cushing® MLP High Income Index (the “Index”) as part of normal index operations.  After the markets close on April 11, 2014, the 30 members of the Index will be adjusted and rebalanced and the changes will become effective on April 14, 2014.

Cushing® MLP High Income Index constituents, effective April 14, 2014:

Company Name

Ticker

Tier

Index Weight

Prior Tier

Atlas Resource Partners, L.P.

ARP

1

5.0%

1

Calumet Specialty Products Partners, L.P.

CLMT

1

5.0%

1

Linn Energy, LLC

LINE

1

5.0%

1

BreitBurn Energy Partners L.P.

BBEP

1

5.0%

1

Memorial Production Partners LP

MEMP

1

5.0%

1

Navios Maritime Partners L.P.

NMM

1

5.0%

1

Legacy Reserves LP

LGCY

1

5.0%

3

EV Energy Partners, L.P.

EVEP

1

5.0%

1

Ferrellgas Partners, L.P.

FGP

1

5.0%

2

Suburban Propane Partners, L.P.

SPH

1

5.0%

3

Capital Product Partners L.P.

CPLP

2

3.5%

2

El Paso Pipeline Partners, L.P.

EPB

2

3.5%

2

NuStar Energy, L.P.

NS

2

3.5%

1

AmeriGas Partners, L.P.

APU

2

3.5%

2

Enbridge Energy Partners,  L.P.

EEP

2

3.5%

2

Atlas Pipeline Partners, L.P.

APL

2

3.5%

2

Exterran Partners, L.P.

EXLP

2

3.5%

3

Kinder Morgan Energy Partners, L.P.

KMP

2

3.5%

3

Crestwood Midstream Partners LP

CMLP

2

3.5%

3

Regency Energy Partners, L.P.

RGP

2

3.5%

2

Niska Gas Storage Partners LLC

NKA

3

1.5%

NEW

Golar LNG Partners LP

GMLP

3

1.5%

2

Williams Partners, L.P.

WPZ

3

1.5%

2

Energy Transfer Partners, L.P.

ETP

3

1.5%

3

TC PipeLines, LP

TCP

3

1.5%

3

NuStar GP Holdings, LLC

NSH

3

1.5%

1

Teekay Offshore Partners L.P.

TOO

3

1.5%

3

Teekay LNG Partners L.P.

TGP

3

1.5%

3

Seadrill Partners LLC

SDLP

3

1.5%

NEW

Buckeye Partners, L.P.

BPL

3

1.5%

NEW

Constituents removed, effective April 14, 2014:

Company Name

Ticker

Cheniere Energy Partners, L.P.

CQP

Holly Energy Partners, L.P.

HEP

NGL Energy Partners LP

NGL

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® MLP 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® MLP ASSET MANAGEMENT

Cushing® MLP 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.

The Cushing® MLP High Income Index (the “Index”) is the exclusive property of Cushing® MLP 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); 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® MLP Asset Management, LP.  None of S&P Dow Jones Indices, SPFS, Dow Jones S&P or any of their affiliates sponsor or promote the Index and none shall be liable for any errors or omissions in calculating the Index.

Logo – http://photos.prnewswire.com/prnh/20120117/MM37053LOGO

SOURCE Cushing MLP Asset Management, LP and Swank Capital, LLC

– See more at: http://otp.investis.com/clients/us/swank_capital3/usn/usnews-story.aspx?cid=758&newsid=16202#sthash.51Qa2Cbb.dpuf

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

Dallas, Texas (March 28, 2014)    Swank Capital, LLC and Cushing® MLP Asset Management, LP announced today upcoming changes to the constituents of The Cushing® Upstream Energy Income Index (the “Index”) as part of normal index operations.  After the markets close on April 4, 2014 the 25 constituents of the Index will be adjusted and rebalanced and the changes will become effective on April 7, 2014.

Cushing® Upstream Energy Index constituents effective April 7, 2014

Company Name

Ticker

Index Weight

Status

BreitBurn Energy Partners L.P.

BBEP

7.50%

Existing

EV Energy Partners, L.P.

EVEP

7.50%

Existing

Linn Energy, LLC

LINE

7.50%

Existing

Memorial Production Partners LP

MEMP

7.50%

Existing

Vanguard Natural Resources, LLC

VNR

7.50%

Existing

BP Prudhoe Bay Royalty Trust

BPT

7.50%

Existing

Legacy Reserves LP

LGCY

7.22%

Existing

QR Energy, LP

QRE

5.81%

Existing

Atlas Resource Partners, L.P.

ARP

5.22%

Existing

San Juan Basin Royalty Trust

SJT

4.41%

Existing

Dorchester Minerals LP

DMLP

4.05%

Existing

Sabine Royalty Trust

SBR

4.04%

Existing

Permian Basin Royalty Trust

PBT

2.87%

Existing

SandRidge Permian Trust

PER

2.65%

Existing

Pacific Coast Oil Trust

ROYT

2.45%

Existing

LRR Energy, L.P.

LRE

2.41%

Existing

Mid-Con Energy Partners, LP

MCEP

2.13%

Existing

Chesapeake Granite Wash Trust

CHKR

1.84%

Existing

SandRidge Mississippian Trust II

SDR

1.82%

Existing

Hugoton Royalty Trust

HGT

1.78%

Existing

MV Oil Trust

MVO

1.66%

Existing

Whiting USA Trust II

WHZ

1.24%

Existing

SandRidge Mississippian Trust I

SDT

1.19%

Existing

VOC Energy Trust

VOC

1.12%

Existing

Cross Timbers Royalty Trust

CRT

1.09%

NEW

Constituent removed effective April 7, 2014

Company Name

Ticker

Enduro Royalty Trust

NDRO

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® MLP ASSET MANAGEMENT
Cushing® MLP 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.

www.swankcapital.com

The Cushing® Upstream Energy Index (the “Index”) is the exclusive property of Cushing® MLP 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); 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® MLP Asset Management, LP.  None of S&P Dow Jones Indices, SPFS, Dow Jones S&P or any of their affiliates sponsor or promote the Index and none shall be liable for any errors or omissions in calculating the Index.

SOURCE Cushing MLP Asset Management, LP and Swank Capital, LLC

 

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

Dallas, Texas (March 14, 2014)   Swank Capital, LLC and Cushing® MLP Asset Management, LP announced today upcoming changes to the constituents of The Cushing® MLP Market Cap Index (the “Index”) as part of normal index operations.  After the markets close on March 21, 2014, the 30 members of the Index will be adjusted and rebalanced and the changes below will become effective on March 24, 2014.

Cushing® MLP Market Cap Index constituents (effective March 24, 2014):

Company Name

Ticker

Index Weight

Status

Enterprise Products Partners, L.P.

EPD

7.50%

Existing

Energy Transfer Equity, L.P.

ETE

7.50%

Existing

Kinder Morgan Energy Partners, L.P.

KMP

7.50%

Existing

Plains All American Pipeline, L.P.

PAA

7.50%

Existing

Magellan Midstream Partners, L.P.

MMP

6.82%

Existing

Energy Transfer Partners, L.P.

ETP

6.44%

Existing

Spectra Energy Partners, LP

SEP

4.58%

Existing

MarkWest Energy Partners, L.P.

MWE

4.40%

Existing

Buckeye Partners, L.P.

BPL

3.68%

Existing

Williams Partners, L.P.

WPZ

3.45%

Existing

Access Midstream Partners, L.P.

ACMP

3.43%

Existing

Kinder Morgan Management, LLC

KMR

3.37%

Existing

ONEOK Partners, L.P.

OKS

3.24%

Existing

Sunoco Logistics Partners, L.P.

SXL

2.60%

Existing

Linn Energy, LLC

LINE

2.55%

Existing

Enbridge Energy Partners,  L.P.

EEP

2.48%

Existing

Targa Resources Partners, L.P.

NGLS

2.33%

Existing

Regency Energy Partners, L.P.

RGP

2.06%

Existing

Western Gas Partners, L.P.

WES

1.90%

Existing

DCP Midstream Partners, L.P.

DPM

1.81%

Existing

NuStar Energy, L.P.

NS

1.72%

Existing

El Paso Pipeline Partners, L.P.

EPB

1.65%

Existing

Genesis Energy, L.P.

GEL

1.62%

Existing

Targa Resources Corp.

TRGP

1.61%

Existing

Plains GP Holdings, L.P.

PAGP

1.60%

New

Linn Co, LLC

LNCO

1.59%

New

AmeriGas Partners, L.P.

APU

1.46%

Existing

Crestwood Midstream Partners LP

CMLP

1.46%

Existing

Suburban Propane Partners, L.P.

SPH

1.11%

Existing

BreitBurn Energy Partners L.P.

BBEP

1.04%

New

Constituent removed, effective March 24, 2014:

Atlas Pipeline Partners, L.P.

APL

PVR Partners, L.P.

PVR

Vanguard Natural Resources, LLC

VNR

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® MLP ASSET MANAGEMENT
Cushing® MLP 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.

Cushing® MLP Market Cap Index (the “Index”) is the exclusive property of Cushing® MLP 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); 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® MLP Asset Management, LP.  None of S&P Dow Jones Indices, SPFS, Dow Jones S&P or any of their affiliates sponsor or promote the Index and none shall be liable for any errors or omissions in calculating the Index.

SOURCE Cushing MLP Asset Management; Swank Capital

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

Dallas, Texas (March 14, 2014)   Swank Capital, LLC and Cushing® MLP Asset Management, LP announced today upcoming changes to the constituents of The Cushing® 30 MLP Index (the “Index”) as part of normal index operations.  After the markets close on March 21, 2014, the 30 members of the Index will be adjusted and rebalanced to equal weights and the changes below will become effective on March 24, 2014.

Cushing® 30 MLP Index constituents (effective March 24, 2014):

Company Name

Ticker

Index Weight

Status

Access Midstream Partners, L.P.

ACMP

3.33%

Existing

Alliance Holdings GP. L.P.

AHGP

3.33%

Existing

Alliance Resource Partners, L.P.

ARLP

3.33%

Existing

AmeriGas Partners, L.P.

APU

3.33%

Existing

Atlas Pipeline Partners, L.P.

APL

3.33%

Existing

Buckeye Partners, L.P.

BPL

3.33%

Existing

Crestwood Equity Partners LP

CEQP

3.33%

Existing

El Paso Pipeline Partners, L.P.

EPB

3.33%

Existing

EnLink Midstream Partners, LP

ENLK

3.33%

Existing

Enbridge Energy Partners,  L.P.

EEP

3.33%

Existing

Energy Transfer Equity, L.P.

ETE

3.33%

Existing

Energy Transfer Partners, L.P.

ETP

3.33%

Existing

EnLink Midstream, LLC

ENLC

3.33%

Existing

Enterprise Products Partners, L.P.

EPD

3.33%

Existing

Genesis Energy, L.P.

GEL

3.33%

Existing

Kinder Morgan Energy Partners, L.P.

KMP

3.33%

Existing

Kinder Morgan, Inc.

KMI

3.33%

Existing

Magellan Midstream Partners, L.P.

MMP

3.33%

Existing

MarkWest Energy Partners, L.P.

MWE

3.33%

Existing

NuStar GP Holdings, LLC

NSH

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

Spectra Energy Partners, LP

SEP

3.33%

Existing

Sunoco Logistics Partners, L.P.

SXL

3.33%

Existing

Targa Resources Partners, L.P.

NGLS

3.33%

Existing

Targa Resources Corp.

TRGP

3.33%

Existing

Tesoro Logistics LP

TLLP

3.33%

Existing

Western Gas Partners, L.P.

WES

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 proprietary fundamental scoring model developed by Cushing® MLP 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® MLP ASSET MANAGEMENT

Cushing® MLP 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.

The Cushing® 30 MLP Index (the “Index”) is the exclusive property of Cushing® MLP 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); 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® MLP Asset Management, LP.  None of S&P Dow Jones Indices, SPFS, Dow Jones S&P or any of their affiliates sponsor or promote the Index and none shall be liable for any errors or omissions in calculating the Index.

SOURCE Cushing MLP Asset Management; Swank Capital

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

Dallas, Texas (February 10, 2014)   Swank Capital, LLC and Cushing® MLP Asset Management, LP announced today a change to a constituent of The Cushing® MLP Market Cap Index (the “Index”).  Due to the announcement today by Boardwalk Pipeline Partners, L.P. (BWP) of a reduction of its quarterly distribution, Spectra Energy Partners, LP (SEP) will replace (BWP) as a constituent to the Index after the market closes on February 18, 2014, effective as of February 19, 2014.  No other planned changes to Index constituents to be effective at that time.

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® MLP ASSET MANAGEMENT
Cushing® MLP 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 Index (Bloomberg Ticker:  CRTY).  For more information, please visit www.swankcapital.com/the-cushing-indices.

Cushing® MLP Market Cap Index (the “Index”) is the exclusive property of Cushing® MLP 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); 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® MLP Asset Management, LP.  None of S&P Dow Jones Indices, SPFS, Dow Jones S&P or any of their affiliates sponsor or promote the Index and none shall be liable for any errors or omissions in calculating the Index.

SOURCE Swank Capital, LLC; Cushing MLP Asset Management, LP