Swank Capital and Cushing® Asset Management Announce Rebalancing of The Cushing® Transportation Index
DALLAS, Dec. 22, 2017 /PRNewswire/ -- Swank Capital, LLC, and Cushing® Asset Management, LP, announce today the upcoming rebalancing of The Cushing® Transportation Index (the "Index") as part of normal index operations. After the markets close on December 29, 2017, the constituents of the Index will be rebalanced, and the following changes will become effective on January 2, 2018:
Cushing® Transportation Index constituents, effective January 2, 2018: |
|||
Company Name |
Ticker |
Index Weight |
Status |
United Parcel Service, Inc. |
UPS |
6.00% |
Existing |
Matson, Inc. |
MATX |
6.00% |
Existing |
Ryder System, Inc. |
R |
6.00% |
Existing |
Delta Air Lines, Inc. |
DAL |
6.00% |
Existing |
C.H. Robinson Worldwide, Inc. |
CHRW |
6.00% |
Existing |
Union Pacific Corporation |
UNP |
6.00% |
Existing |
Norfolk Southern Corporation |
NSC |
6.00% |
Existing |
Alaska Air Group, Inc. |
ALK |
6.00% |
Existing |
CSX Corporation |
CSX |
5.34% |
Existing |
Expeditors International of Washington, Inc. |
EXPD |
4.82% |
Existing |
Kansas City Southern |
KSU |
4.81% |
Existing |
J.B. Hunt Transport Services, Inc. |
JBHT |
3.02% |
Existing |
FedEx Corporation |
FDX |
2.95% |
Existing |
American Airlines Group Inc. |
AAL |
2.85% |
Existing |
Southwest Airlines Co. |
LUV |
2.80% |
Existing |
Alliance Resource Partners, L.P. |
ARLP |
2.00% |
Existing |
Buckeye Partners, L.P. |
BPL |
2.00% |
Existing |
EnLink Midstream Partners, LP |
ENLK |
2.00% |
Existing |
DCP Midstream, LP |
DCP |
2.00% |
Existing |
Andeavor Logistics LP |
ANDX |
2.00% |
Existing |
Tallgrass Energy Partners, LP |
TEP |
2.00% |
Existing |
Western Gas Partners, L.P. |
WES |
2.00% |
Existing |
Spectra Energy Partners, LP |
SEP |
2.00% |
NEW |
Cone Midstream Partners LP |
CNNX |
2.00% |
Existing |
Energy Transfer Equity, L.P. |
ETE |
2.00% |
NEW |
Enterprise Products Partners, L.P. |
EPD |
2.00% |
NEW |
Summit Midstream Partners, LP |
SMLP |
2.00% |
NEW |
Landstar System, Inc. |
LSTR |
1.41% |
Existing |
Constituents removed, effective January 2, 2018: |
|
Company Name |
Ticker |
Alliance Holdings GP, L.P. |
AHGP |
Boardwalk Pipeline Partners, L.P. |
BWP |
MPLX LP |
MPLX |
Sunoco LP |
SUN |
ABOUT THE CUSHING® TRANSPORTATION INDEX
The Cushing® Transportation Index tracks the performance of widely held companies engaged in road, rail, marine and air transportation of cargoes and passengers, as well as master limited partnerships (MLPs) engaged in storage and transportation of oil, natural gas, coal and consumable fuels. Constituents of the Index are weighted based on current yield. The Index price level is calculated by S&P Dow Jones Indices and reported on a real-time basis under the Bloomberg ticker "CTRI".
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 investors by sponsoring a variety of benchmarks, including The Cushing® 30 MLP Index (Bloomberg Ticker: MLPX), The Cushing® 30 MLP Market Cap Index (Bloomberg Ticker: CMCI), 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) and The Cushing® Utility Index (Bloomberg Ticker: CUTI). For more information, please visit http://www.cushingasset.com/indices.
Contact:
Judson Redmond
214-692-6334
www.cushingasset.com
The Cushing® Transportation 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-CTRI
SOURCE Cushing Asset Management, LP; Swank Capital, LLC
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