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

DALLAS, Dec. 14, 2018 /PRNewswire/ -- Cushing® Asset Management, LP, and Swank Capital, LLC, announce today the upcoming rebalancing of The Cushing® MLP Market Cap Index (the "Index") as part of normal index operations. After the markets close on December 21, 2018, the 30 constituents of the Index will be rebalanced, and the following changes will become effective on December 24, 2018.

Cushing® MLP Market Cap Index constituents, effective December 24, 2018:

Company Name

Ticker

Index Weight

Status

Enterprise Products Partners, L.P.

EPD

7.50%

Existing

Energy Transfer LP

ET

7.50%

Existing

Magellan Midstream Partners, L.P.

MMP

7.50%

Existing

The Williams Companies, Inc.

WMB

7.50%

Existing

Kinder Morgan, Inc.

KMI

7.50%

Existing

ONEOK, Inc.

OKE

7.50%

Existing

Cheniere Energy, Inc.

LNG

7.50%

Existing

Plains All American Pipeline, L.P.

PAA

6.23%

Existing

Targa Resources Corp.

TRGP

6.05%

Existing

MPLX LP

MPLX

5.90%

Existing

EQM Midstream Partners, LP

EQM

3.47%

Existing

Western Gas Partners, L.P.

WES

2.87%

Existing

Tallgrass Energy, LP

TGE

2.00%

Existing

Plains GP Holdings, L.P.

PAGP

1.98%

Existing

Andeavor Logistics LP

ANDX

1.89%

Existing

DCP Midstream, LP

DCP

1.82%

Existing

Phillips 66 Partners LP

PSXP

1.54%

Existing

Shell Midstream Partners, L.P.

SHLX

1.49%

Existing

Antero Midstream Partners LP

AM

1.46%

Existing

Genesis Energy, L.P.

GEL

1.42%

Existing

EnLink Midstream Partners, LP

ENLK

1.33%

Existing

AmeriGas Partners, L.P.

APU

1.16%

Existing

Alliance Resource Partners, L.P.

ARLP

1.07%

Existing

Sunoco LP

SUN

0.91%

Existing

Western Gas Equity Partners, LP

WGP

0.89%

Existing

Black Stone Minerals, L.P.

BSM

0.87%

Existing

Holly Energy Partners, L.P.

HEP

0.81%

NEW

Suburban Propane Partners, L.P.

SPH

0.80%

Existing

Enable Midstream Partners, LP

ENBL

0.78%

Existing

SemGroup Corporation

SEMG

0.76%

Existing

Constituent removed, effective December 24, 2018:

Company Name

Ticker

Crestwood Equity Partners LP

CEQP

ABOUT THE CUSHING® MLP MARKET CAP INDEX

The Cushing® MLP Market Cap Index provides a benchmark that is designed to track the performance of widely held midstream energy infrastructure companies, including master limited partnerships (MLPs) and non-MLP midstream corporations (each, a "Midstream Company" and collectively, "Midstream Companies"). The Index is weighted on a float-adjusted market capitalization basis, with the weight of each constituent capped at 7.5% at rebalance. The Index price level is calculated by S&P Dow Jones Indices while the constituents are selected from the entire universe of publicly traded Midstream Companies. The Cushing® MLP Market Cap Index is calculated by S&P Dow Jones Indices and reported on a real-time basis under the Bloomberg ticker "CMCI".

ABOUT CUSHING® ASSET MANAGEMENT AND SWANK CAPITAL

Cushing® Asset Management, LP ("Cushing"), a subsidiary of Swank Capital, LLC, is an SEC-registered investment adviser headquartered in Dallas, Texas. Cushing serves as investment adviser to affiliated funds and managed accounts which invest primarily in securities of Midstream Companies and other natural resource companies.

Cushing is also dedicated to serving the needs of investors by sponsoring a variety of benchmarks, including The Cushing® 30 MLP Index (Bloomberg Ticker: MLPX), The Cushing® MLP High Income Index (Bloomberg Ticker: MLPY), The Cushing® Energy Index (Bloomberg Ticker: CENI), The Cushing® Energy Supply Chain Index (Bloomberg Ticker: CSCI), The Cushing® Transportation Index (Bloomberg Ticker: CTRI) and The Cushing® Utility Index (Bloomberg Ticker: CUTI). For more information, please visit http://www.cushingasset.com/indices.

Contact:
Judson Redmond
214-692-6334
http://www.cushingasset.com/

The Cushing® MLP Market Cap Index (the "Index") is the exclusive property of Swank Capital, LLC, and Cushing Asset Management, LP, which have contracted with S&P Opco, LLC (a subsidiary of S&P Dow Jones Indices LLC) ("S&P Dow Jones Indices") to calculate and maintain the Index. S&P® is a registered trademark of Standard & Poor's Financial Services LLC ("SPFS"); Dow Jones® is a registered trademark of Dow Jones Trademark Holdings LLC ("Dow Jones"); and, these trademarks have been licensed to S&P Dow Jones Indices. "Calculated by S&P Dow Jones Indices" and its related stylized mark(s) have been licensed for use by Cushing Asset Management, LP. Neither S&P Dow Jones Indices, SPFS, Dow Jones nor any of their affiliates sponsor and promote the Index and none shall be liable for any errors or omissions in calculating the Index.

CUSH-CMCI

 

Cision

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