Swank Capital and Cushing® MLP Asset Management Announce Rebalancing of The Cushing® MLP Market Cap Index

DALLAS, June 14, 2013 /PRNewswire/ -- Swank Capital, LLC and Cushing® MLP Asset Management, LP announced today upcoming changes to the constituents of The Cushing® MLP Market Cap Index (the "Index") as part of normal index operations.  After the markets close on June 21, 2013, the 30 members of the Index will be adjusted and rebalanced and the changes will become effective on June 24, 2013.

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Cushing® MLP Market Cap Index constituents (effective June 24, 2013):

Company Name

Ticker

Index Weight

Status

Enterprise Products Partners, L.P.

EPD

7.50%

Existing

Kinder Morgan Energy Partners, L.P.

KMP

7.50%

Existing

Plains All American Pipeline, L.P.

PAA

7.50%

Existing

Energy Transfer Partners, L.P.

ETP

7.28%

Existing

Energy Transfer Equity, L.P.

ETE

6.70%

Existing

Magellan Midstream Partners, L.P.

MMP

6.42%

Existing

Kinder Morgan Management, LLC

KMR

4.54%

Existing

Markwest Energy Partners, L.P.

MWE

4.47%

Existing

Williams Partners, L.P.

WPZ

3.58%

Existing

Buckeye Partners, L.P.

BPL

3.54%

Existing

ONEOK Partners, L.P.

OKS

3.51%

Existing

Linn Energy, LLC

LINE

3.46%

Existing

Enbridge Energy Partners,  L.P.

EEP

3.43%

Existing

El Paso Pipeline Partners, L.P.

EPB

2.85%

Existing

Sunoco Logistics Partners, L.P.

SXL

2.45%

Existing

Targa Resources Partners, L.P.

NGLS

2.35%

Existing

Regency Energy Partners, L.P.

RGP

2.33%

Existing

Western Gas Partners, L.P.

WES

2.06%

Existing

Boardwalk Pipeline Partners, L.P.

BWP

1.90%

Existing

NuStar Energy, L.P.

NS

1.83%

Existing

Access Midstream Partners, L.P.

ACMP

1.82%

Existing

Genesis Energy, L.P.

GEL

1.66%

Existing

AmeriGas Partners, L.P.

APU

1.64%

Existing

DCP Midstream Partners, L.P.

DPM

1.57%

Existing

Suburban Propane Partners, L.P.

SPH

1.48%

Existing

Atlas Pipeline Partners, L.P.

APL

1.47%

Addition

Targa Resources Corp.

TRGP

1.37%

Existing

Inergy, L.P.

NRGY

1.33%

Existing

PVR Partners, L.P.

PVR

1.30%

Existing

Vanguard Natural Resources, LLC

VNR

1.16%

Addition

 

Constituent removed, effective June 24, 2013:

Company Name

Ticker

BreitBurn Energy Partners L.P.

BBEP

EV Energy Partners L.P.

EVEP

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® MLP ASSET MANAGEMENT

Cushing® MLP 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 Index (Bloomberg Ticker:  CRTY).  For more information, please visit www.swankcapital.com/the-cushing-indices

Cushing® MLP Market Cap Index (the "Index") is the exclusive property of Cushing® MLP 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 maintain and calculate the Index.  S&P® is a registered trademark of Standard & Poor's Financial Services LLC); 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® MLP Asset Management, LP.  None of S&P Dow Jones Indices, SPFS, Dow Jones S&P or any of their affiliates sponsor or promote the Index and none shall be liable for any errors or omissions in calculating the Index.

SOURCE Cushing MLP Asset Management, LP; Swank Capital, LLC



RELATED LINKS
http://www.swankcapital.com

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