DALLAS, June 8, 2018 /PRNewswire/ --Swank Capital,
LLC and Cushing® Asset
Management, LP, announce today an upcoming interim rebalancing
of The Cushing®
Transportation Index (the "Index"). Per the Index's methodology
guide, the removal of an Index constituent from a Sub-Index without
a named direct replacement necessitates the rebalancing of the
Index. The Cushing® 30
MLP Index (the "Sub-Index") announced today that Index constituents
Spectra Energy Partners, LP (NYSE: SEP) and Tallgrass Energy GP, LP
(NYSE: TEGP) will be removed from the Sub-Index after the markets
close on June 15, 2018, and effective
on June 18, 2018. Replacements named
for the removed constituents are not direct replacements. After the
markets close on June 15, 2018, the constituents of the
Index will be rebalanced, and the changes in the table below will
become effective on June 18,
2018.
Cushing®
Transportation Index constituents, effective June 18, 2018:
Company
Name
|
Ticker
|
Index
Weight
|
Status
|
Ryder System,
Inc.
|
R
|
6.00%
|
Existing
|
United Parcel
Service, Inc.
|
UPS
|
6.00%
|
Existing
|
Delta Air Lines,
Inc.
|
DAL
|
6.00%
|
Existing
|
Matson,
Inc.
|
MATX
|
6.00%
|
Existing
|
C.H. Robinson
Worldwide, Inc.
|
CHRW
|
6.00%
|
Existing
|
Alaska Air Group,
Inc.
|
ALK
|
6.00%
|
Existing
|
Union Pacific
Corporation
|
UNP
|
6.00%
|
Existing
|
Norfolk Southern
Corporation
|
NSC
|
6.00%
|
Existing
|
CSX
Corporation
|
CSX
|
4.66%
|
Existing
|
Kansas City
Southern
|
KSU
|
4.63%
|
Existing
|
Southwest Airlines
Co.
|
LUV
|
4.36%
|
Existing
|
Expeditors
International of Washington, Inc.
|
EXPD
|
4.05%
|
Existing
|
American Airlines
Group Inc.
|
AAL
|
3.13%
|
Existing
|
FedEx
Corporation
|
FDX
|
2.70%
|
Existing
|
J.B. Hunt Transport
Services, Inc.
|
JBHT
|
2.62%
|
Existing
|
Dominion Energy
Midstream Partners, LP
|
DM
|
2.00%
|
NEW
|
Alliance Resource
Partners, L.P.
|
ARLP
|
2.00%
|
Existing
|
Andeavor Logistics
LP
|
ANDX
|
2.00%
|
Existing
|
Tallgrass Energy
Partners, LP
|
TEP
|
2.00%
|
Existing
|
EnLink Midstream
Partners, LP
|
ENLK
|
2.00%
|
Existing
|
DCP Midstream,
LP
|
DCP
|
2.00%
|
Existing
|
Enable Midstream
Partners, LP
|
ENBL
|
2.00%
|
NEW
|
EQT Midstream
Partners, LP
|
EQM
|
2.00%
|
NEW
|
Western Gas Partners,
L.P.
|
WES
|
2.00%
|
Existing
|
Crestwood Equity
Partners LP
|
CEQP
|
2.00%
|
NEW
|
Energy Transfer
Equity, L.P.
|
ETE
|
2.00%
|
Existing
|
Energy Transfer
Partners, L.P.
|
ETP
|
2.00%
|
NEW
|
Landstar System,
Inc.
|
LSTR
|
1.85%
|
Existing
|
Constituents removed, effective June
18, 2018:
Company
Name
|
Ticker
|
MPLX LP
|
MPLX
|
Spectra Energy
Partners, LP
|
SEP
|
Sunoco LP
|
SUN
|
Tallgrass Energy GP,
LP
|
TEGP
|
Williams Partners
L.P.
|
WPZ
|
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 Swank
Capital, LLC, and 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
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SOURCE Cushing Asset Management, LP; Swank Capital, LLC