DALLAS, Dec. 14, 2018 /PRNewswire/
-- Cushing® Asset Management, LP, and Swank
Capital, LLC, 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 December 21, 2018,
the 30 constituents of the Index will be rebalanced, and the
following changes will become effective on December 24, 2018.
Cushing® MLP
Market Cap Index constituents, effective December 24, 2018:
Company
Name
|
Ticker
|
Index
Weight
|
Status
|
Enterprise Products
Partners, L.P.
|
EPD
|
7.50%
|
Existing
|
Energy Transfer
LP
|
ET
|
7.50%
|
Existing
|
Magellan Midstream
Partners, L.P.
|
MMP
|
7.50%
|
Existing
|
The Williams
Companies, Inc.
|
WMB
|
7.50%
|
Existing
|
Kinder Morgan,
Inc.
|
KMI
|
7.50%
|
Existing
|
ONEOK,
Inc.
|
OKE
|
7.50%
|
Existing
|
Cheniere Energy,
Inc.
|
LNG
|
7.50%
|
Existing
|
Plains All American
Pipeline, L.P.
|
PAA
|
6.23%
|
Existing
|
Targa Resources
Corp.
|
TRGP
|
6.05%
|
Existing
|
MPLX LP
|
MPLX
|
5.90%
|
Existing
|
EQM Midstream
Partners, LP
|
EQM
|
3.47%
|
Existing
|
Western Gas Partners,
L.P.
|
WES
|
2.87%
|
Existing
|
Tallgrass Energy,
LP
|
TGE
|
2.00%
|
Existing
|
Plains GP Holdings,
L.P.
|
PAGP
|
1.98%
|
Existing
|
Andeavor Logistics
LP
|
ANDX
|
1.89%
|
Existing
|
DCP Midstream,
LP
|
DCP
|
1.82%
|
Existing
|
Phillips 66 Partners
LP
|
PSXP
|
1.54%
|
Existing
|
Shell Midstream
Partners, L.P.
|
SHLX
|
1.49%
|
Existing
|
Antero Midstream
Partners LP
|
AM
|
1.46%
|
Existing
|
Genesis Energy,
L.P.
|
GEL
|
1.42%
|
Existing
|
EnLink Midstream
Partners, LP
|
ENLK
|
1.33%
|
Existing
|
AmeriGas Partners,
L.P.
|
APU
|
1.16%
|
Existing
|
Alliance Resource
Partners, L.P.
|
ARLP
|
1.07%
|
Existing
|
Sunoco LP
|
SUN
|
0.91%
|
Existing
|
Western Gas Equity
Partners, LP
|
WGP
|
0.89%
|
Existing
|
Black Stone Minerals,
L.P.
|
BSM
|
0.87%
|
Existing
|
Holly Energy
Partners, L.P.
|
HEP
|
0.81%
|
NEW
|
Suburban Propane
Partners, L.P.
|
SPH
|
0.80%
|
Existing
|
Enable Midstream
Partners, LP
|
ENBL
|
0.78%
|
Existing
|
SemGroup
Corporation
|
SEMG
|
0.76%
|
Existing
|
Constituent removed, effective December 24, 2018:
Company
Name
|
Ticker
|
Crestwood Equity
Partners LP
|
CEQP
|
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 midstream energy infrastructure
companies, including master limited partnerships (MLPs) and non-MLP
midstream corporations (each, a "Midstream Company" and
collectively, "Midstream Companies"). 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 Midstream
Companies. 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 CUSHING® ASSET
MANAGEMENT AND SWANK CAPITAL
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 Midstream Companies 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® MLP High Income Index
(Bloomberg Ticker: MLPY), The Cushing® Energy
Index (Bloomberg Ticker: CENI), The Cushing® Energy Supply Chain
Index (Bloomberg Ticker: CSCI), The Cushing® Transportation Index
(Bloomberg Ticker: CTRI) and The Cushing® Utility Index
(Bloomberg Ticker: CUTI). For more information, please visit
http://www.cushingasset.com/indices.
Contact:
Judson Redmond
214-692-6334
http://www.cushingasset.com/
The Cushing® MLP
Market Cap 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-CMCI
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SOURCE Cushing® Asset Management, LP and Swank Capital, LLC