Swank Capital and Cushing® MLP Asset Management Announce Rebalancing of the Cushing® MLP High Income Index
DALLAS, April 5, 2013 /PRNewswire/ -- 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 12, 2013, the 30 members of the Index will be adjusted and rebalanced and the changes will become effective on April 15, 2013.
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Cushing® MLP High Income Index constituents, effective April 15, 2013:
| Company Name |
Ticker |
Tier |
Index Weight |
Prior Tier |
| QR Energy, LP |
QRE |
1 |
5.0% |
2 |
| Ferrellgas Partners, L.P. |
FGP |
1 |
5.0% |
1 |
| BreitBurn Energy Partners L.P. |
BBEP |
1 |
5.0% |
1 |
| Holly Energy Partners, L.P. |
HEP |
1 |
5.0% |
N/A |
| Natural Resource Partners, L.P. |
NRP |
1 |
5.0% |
1 |
| PVR Partners, L.P. |
PVR |
1 |
5.0% |
2 |
| Eagle Rock Energy Partners, L.P. |
EROC |
1 |
5.0% |
1 |
| Vanguard Natural Resources, LLC |
VNR |
1 |
5.0% |
1 |
| Crestwood Midstream Partners LP |
CMLP |
1 |
5.0% |
3 |
| NuStar Energy, L.P. |
NS |
1 |
5.0% |
1 |
| Navios Maritime Partners L.P. |
NMM |
2 |
3.5% |
2 |
| Memorial Production Partners LP |
MEMP |
2 |
3.5% |
3 |
| Pioneer Southwest Energy Partners L.P. |
PSE |
2 |
3.5% |
3 |
| Legacy Reserves LP |
LGCY |
2 |
3.5% |
1 |
| Suburban Propane Partners, L.P. |
SPH |
2 |
3.5% |
1 |
| Linn Energy, LLC |
LINE |
2 |
3.5% |
2 |
| Exterran Partners, L.P. |
EXLP |
2 |
3.5% |
3 |
| Boardwalk Pipeline Partners, L.P. |
BWP |
2 |
3.5% |
2 |
| Calumet Specialty Products Partners, L.P. |
CLMT |
2 |
3.5% |
3 |
| Regency Energy Partners, L.P. |
RGP |
2 |
3.5% |
2 |
| Capital Product Partners L.P. |
CPLP |
3 |
1.5% |
N/A |
| Martin Midstream Partners L.P. |
MMLP |
3 |
1.5% |
2 |
| Atlas Resource Partners L.P. |
ARP |
3 |
1.5% |
3 |
| Enbridge Energy Partners, L.P. |
EEP |
3 |
1.5% |
N/A |
| Linn Co, LLC |
LNCO |
3 |
1.5% |
3 |
| Crosstex Energy, L.P. |
XTEX |
3 |
1.5% |
1 |
| Energy Transfer Partners, L.P. |
ETP |
3 |
1.5% |
2 |
| Buckeye Partners, L.P. |
BPL |
3 |
1.5% |
1 |
| Teekay Offshore Partners L.P. |
TOO |
3 |
1.5% |
3 |
| Teekay LNG Partners L.P. |
TGP |
3 |
1.5% |
N/A |
Constituents removed, effective April 15, 2013:
| Company Name |
Ticker |
| NGL Energy Partners LP |
NGL |
| AmeriGas Partners, L.P. |
APU |
| TC PipeLines, LP |
TCP |
| Cheniere Energy Partners, L.P. |
CQP |
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" and FactSet ticker "MLPH-CME".
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 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 Swank Capital, LLC; Cushing MLP Asset Management, LP
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