Swank Capital and Cushing® Asset Management Announce Rebalancing of The Cushing® MLP Market Cap Index
DALLAS, June 12, 2015 /PRNewswire/ -- 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 19, 2015, the 30 constituents of the Index will be rebalanced, effective on June 22, 2015, as follows. Although there will be changes to the constituent weightings, there will be no changes to the Index constituents on this date.
| Cushing® MLP Market Cap Index constituents, effective June 22, 2015: |
|||
| Company Name |
Ticker |
Index Weight |
Status |
| Enterprise Products Partners, L.P. |
EPD |
7.50% |
Existing |
| Energy Transfer Equity, L.P. |
ETE |
7.50% |
Existing |
| Magellan Midstream Partners, L.P. |
MMP |
7.50% |
Existing |
| Plains All American Pipeline, L.P. |
PAA |
7.50% |
Existing |
| The Williams Companies, Inc. |
WMB |
7.50% |
Existing |
| Energy Transfer Partners, L.P. |
ETP |
6.72% |
Existing |
| Williams Partners, L.P. |
WPZ |
5.81% |
Existing |
| MarkWest Energy Partners, L.P. |
MWE |
5.02% |
Existing |
| Buckeye Partners, L.P. |
BPL |
4.39% |
Existing |
| ONEOK, Inc. |
OKE |
3.65% |
Existing |
| Enbridge Energy Partners, L.P. |
EEP |
3.50% |
Existing |
| Sunoco Logistics Partners, L.P. |
SXL |
3.09% |
Existing |
| Targa Resources Partners, L.P. |
NGLS |
2.96% |
Existing |
| Plains GP Holdings, L.P. |
PAGP |
2.74% |
Existing |
| ONEOK Partners, L.P. |
OKS |
2.71% |
Existing |
| Western Gas Partners, L.P. |
WES |
2.30% |
Existing |
| Targa Resources Corp. |
TRGP |
2.10% |
Existing |
| NuStar Energy, L.P. |
NS |
2.04% |
Existing |
| AmeriGas Partners, L.P. |
APU |
1.91% |
Existing |
| EQT Midstream Partners, LP |
EQM |
1.80% |
Existing |
| Genesis Energy, L.P. |
GEL |
1.70% |
Existing |
| DCP Midstream Partners, L.P. |
DPM |
1.41% |
Existing |
| Tesoro Logistics LP |
TLLP |
1.34% |
Existing |
| TC PipeLines, LP |
TCP |
1.30% |
Existing |
| EnLink Midstream Partners, LP |
ENLK |
1.13% |
Existing |
| Suburban Propane Partners, L.P. |
SPH |
1.13% |
Existing |
| NGL Energy Partners LP |
NGL |
1.12% |
Existing |
| Enbridge Energy Management, L.L.C. |
EEQ |
0.96% |
Existing |
| Boardwalk Pipeline Partners, L.P. |
BWP |
0.86% |
Existing |
| Crestwood Midstream Partners LP |
CMLP |
0.81% |
Existing |
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
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