Swank Capital and Cushing® Asset Management Announce Rebalancing of the Cushing® MLP High Income Index
DALLAS, Oct. 3, 2014 /PRNewswire/ -- Swank Capital, LLC and Cushing® Asset Management, LP announced today upcoming changes to the constituents of The Cushing® MLP High Income Index (the "Index") as part of normal index operations. After the markets close on October 10, 2014, the 30 members of the Index will be adjusted and rebalanced and the changes will become effective on October 13, 2014.
Cushing® MLP High Income Index constituents, effective October 13, 2014:
Company Name |
Ticker |
Tier |
Index Weight |
Prior Tier |
Atlas Resource Partners, L.P. |
ARP |
1 |
5.0% |
1 |
Memorial Production Partners LP |
MEMP |
1 |
5.0% |
1 |
BreitBurn Energy Partners L.P. |
BBEP |
1 |
5.0% |
1 |
Linn Energy, LLC |
LINE |
1 |
5.0% |
1 |
Capital Product Partners L.P. |
CPLP |
1 |
5.0% |
1 |
Vanguard Natural Resources, LLC |
VNR |
1 |
5.0% |
New |
Crestwood Midstream Partners LP |
CMLP |
1 |
5.0% |
1 |
Williams Partners, L.P. |
WPZ |
1 |
5.0% |
2 |
Atlas Pipeline Partners, L.P. |
APL |
1 |
5.0% |
2 |
El Paso Pipeline Partners, L.P. |
EPB |
1 |
5.0% |
2 |
Calumet Specialty Products Partners, L.P. |
CLMT |
2 |
3.5% |
2 |
QR Energy, LP |
QRE |
2 |
3.5% |
New |
Navios Maritime Partners L.P. |
NMM |
2 |
3.5% |
2 |
Martin Midstream Partners L.P. |
MMLP |
2 |
3.5% |
New |
Compressco Partners, LP |
GSJK |
2 |
3.5% |
New |
Seadrill Partners LLC |
SDLP |
2 |
3.5% |
3 |
Regency Energy Partners, L.P. |
RGP |
2 |
3.5% |
3 |
Kinder Morgan Energy Partners, L.P. |
KMP |
2 |
3.5% |
2 |
Energy Transfer Partners, L.P. |
ETP |
2 |
3.5% |
2 |
Enbridge Energy Partners, L.P. |
EEP |
2 |
3.5% |
3 |
EV Energy Partners, L.P. |
EVEP |
3 |
1.5% |
2 |
AmeriGas Partners, L.P. |
APU |
3 |
1.5% |
1 |
NuStar Energy, L.P. |
NS |
3 |
1.5% |
2 |
Alliance Resource Partners, L.P. |
ARLP |
3 |
1.5% |
New |
Buckeye Partners, L.P. |
BPL |
3 |
1.5% |
3 |
DCP Midstream Partners, L.P. |
DPM |
3 |
1.5% |
New |
NGL Energy Partners LP |
NGL |
3 |
1.5% |
New |
ONEOK Partners, L.P. |
OKS |
3 |
1.5% |
New |
EnLink Midstream Partners, LP |
ENLK |
3 |
1.5% |
New |
Hi-Crush Partners LP |
HCLP |
3 |
1.5% |
New |
Constituents removed, effective October 13, 2014:
Company Name |
Ticker |
Ferrellgas Partners, L.P. |
FGP |
Legacy Reserves LP |
LGCY |
TC PipeLines, LP |
TCP |
Suburban Propane Partners, L.P. |
SPH |
NuStar GP Holdings, LLC |
NSH |
Exterran Partners, L.P. |
EXLP |
Holly Energy Partners, L.P. |
HEP |
Golar LNG Partners LP |
GMLP |
Teekay LNG Partners L.P. |
TGP |
Teekay Offshore Partners L.P. |
TOO |
ABOUT THE CUSHING® MLP HIGH INCOME INDEX
The Cushing® MLP High Income Index provides a benchmark that is designed to track the performance of 30 publicly traded energy and shipping master limited partnership (MLP) securities with an emphasis on current yield. The securities are chosen for inclusion according to a three-tier proprietary weighting system developed by Cushing® Asset Management, LP. The Cushing® MLP High Income Index is calculated by S&P Dow Jones Indices and reported on a real-time basis under the Bloomberg ticker "MLPY".
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 MLP and energy income investors by sponsoring a variety of industry benchmarks, including The Cushing® 30 MLP Index (Bloomberg Ticker: MLPX), The Cushing® MLP Market Cap Index (Bloomberg Ticker: CMCI) and The Cushing® Upstream Energy Income Index (Bloomberg Ticker: CRTY). For more information, please visit www.swankcapital.com/the-cushing-indices.
The Cushing® MLP High Income Index (the "Index") is the exclusive property of Cushing® 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 ("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 S&P nor any of their affiliates sponsor and promote the Index and none shall be liable for any errors or omissions in calculating the Index.
SOURCE Cushing Asset Management, LP; Swank Capital
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