Swank Capital and Cushing® Asset Management Announce Rebalancing of the Cushing® MLP High Income Index
DALLAS, April 2, 2015 /PRNewswire/ -- Swank Capital, LLC and Cushing® Asset Management, LP announce today upcoming rebalancing of The Cushing® MLP High Income Index (the "Index") as part of normal index operations. After the markets close on April 10, 2015, the 30 members of the Index will be rebalanced, and the following changes will become effective on April 13, 2015.
Cushing® MLP High Income Index constituents, effective April 13, 2015:
| Company Name |
Ticker |
Tier |
Index Weight |
Prior Tier |
| Memorial Production Partners LP |
MEMP |
1 |
5.0% |
1 |
| Calumet Specialty Products Partners, L.P. |
CLMT |
1 |
5.0% |
1 |
| Crestwood Midstream Partners LP |
CMLP |
1 |
5.0% |
2 |
| Teekay Offshore Partners L.P. |
TOO |
1 |
5.0% |
1 |
| NGL Energy Partners LP |
NGL |
1 |
5.0% |
1 |
| Crestwood Equity Partners LP |
CEQP |
1 |
5.0% |
2 |
| Regency Energy Partners, L.P. |
RGP |
1 |
5.0% |
2 |
| DCP Midstream Partners, L.P. |
DPM |
1 |
5.0% |
3 |
| Golar LNG Partners LP |
GMLP |
1 |
5.0% |
3 |
| Ferrellgas Partners, L.P. |
FGP |
1 |
5.0% |
1 |
| Legacy Reserves LP |
LGCY |
2 |
3.5% |
2 |
| Natural Resource Partners, L.P. |
NRP |
2 |
3.5% |
New |
| Seadrill Partners LLC |
SDLP |
2 |
3.5% |
2 |
| Navios Maritime Partners L.P. |
NMM |
2 |
3.5% |
2 |
| Capital Product Partners L.P. |
CPLP |
2 |
3.5% |
2 |
| Martin Midstream Partners L.P. |
MMLP |
2 |
3.5% |
1 |
| Exterran Partners, L.P. |
EXLP |
2 |
3.5% |
1 |
| Targa Resources Partners, L.P. |
NGLS |
2 |
3.5% |
1 |
| Alliance Resource Partners, L.P. |
ARLP |
2 |
3.5% |
New |
| ONEOK Partners, L.P. |
OKS |
2 |
3.5% |
3 |
| Transocean Partners LLC |
RIGP |
3 |
1.5% |
New |
| SunCoke Energy Partners, L.P. |
SXCP |
3 |
1.5% |
New |
| CSI Compressco LP |
CCLP |
3 |
1.5% |
3 |
| Foresight Energy LP |
FELP |
3 |
1.5% |
3 |
| Suburban Propane Partners, L.P. |
SPH |
3 |
1.5% |
2 |
| Hi-Crush Partners LP |
HCLP |
3 |
1.5% |
1 |
| Global Partners LP |
GLP |
3 |
1.5% |
3 |
| Teekay LNG Partners L.P. |
TGP |
3 |
1.5% |
1 |
| AmeriGas Partners, L.P. |
APU |
3 |
1.5% |
3 |
| NuStar Energy, L.P. |
NS |
3 |
1.5% |
3 |
Constituents removed, effective April 13, 2015:
| Company Name |
Ticker |
| Williams Partners, L.P. |
WPZ |
| Energy Transfer Partners, L.P. |
ETP |
| USA Compression Partners, LP |
USAC |
| Holly Energy Partners, L.P. |
HEP |
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
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