DALLAS, March 22, 2018 /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 March 29, 2018, the constituents of the Index will be
rebalanced, and the following changes will become effective on
April 2, 2018:
Cushing®
Transportation Index constituents, effective April 2, 2018:
Company
Name
|
Ticker
|
Index
Weight
|
Status
|
United Parcel
Service, Inc.
|
UPS
|
6.00%
|
Existing
|
Ryder System,
Inc.
|
R
|
6.00%
|
Existing
|
Matson,
Inc.
|
MATX
|
6.00%
|
Existing
|
Delta Air Lines,
Inc.
|
DAL
|
6.00%
|
Existing
|
Union Pacific
Corporation
|
UNP
|
6.00%
|
Existing
|
Norfolk Southern
Corporation
|
NSC
|
6.00%
|
Existing
|
C.H. Robinson
Worldwide, Inc.
|
CHRW
|
6.00%
|
Existing
|
Alaska Air Group,
Inc.
|
ALK
|
6.00%
|
Existing
|
CSX
Corporation
|
CSX
|
5.50%
|
Existing
|
Kansas City
Southern
|
KSU
|
4.80%
|
Existing
|
Expeditors
International of Washington, Inc.
|
EXPD
|
4.65%
|
Existing
|
Southwest Airlines
Co.
|
LUV
|
2.93%
|
Existing
|
J.B. Hunt Transport
Services, Inc.
|
JBHT
|
2.83%
|
Existing
|
FedEx
Corporation
|
FDX
|
2.83%
|
Existing
|
American Airlines
Group Inc.
|
AAL
|
2.57%
|
Existing
|
Alliance Holdings GP,
L.P.
|
AHGP
|
2.00%
|
NEW
|
Alliance Resource
Partners, L.P.
|
ARLP
|
2.00%
|
Existing
|
EnLink Midstream
Partners, LP
|
ENLK
|
2.00%
|
Existing
|
Tallgrass Energy
Partners, LP
|
TEP
|
2.00%
|
Existing
|
DCP Midstream,
LP
|
DCP
|
2.00%
|
Existing
|
Andeavor Logistics
LP
|
ANDX
|
2.00%
|
Existing
|
Spectra Energy
Partners, LP
|
SEP
|
2.00%
|
Existing
|
Energy Transfer
Equity, L.P.
|
ETE
|
2.00%
|
Existing
|
Western Gas Partners,
L.P.
|
WES
|
2.00%
|
Existing
|
Tallgrass Energy GP,
LP
|
TEGP
|
2.00%
|
NEW
|
MPLX LP
|
MPLX
|
2.00%
|
NEW
|
Sunoco LP
|
SUN
|
2.00%
|
NEW
|
Landstar System,
Inc.
|
LSTR
|
1.89%
|
Existing
|
Constituents removed, effective April
2, 2018:
Company
Name
|
Ticker
|
Buckeye Partners,
L.P.
|
BPL
|
CNX Midstream
Partners LP
|
CNXM
|
Enterprise Products
Partners, L.P.
|
EPD
|
Summit Midstream
Partners, LP
|
SMLP
|
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
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SOURCE Cushing Asset Management, LP; Swank Capital, LLC