Swank Capital and Cushing® MLP Asset Management Announce Rebalancing of The Cushing® Upstream Energy Income Index

News provided by

Swank Capital, LLC; Cushing MLP Asset Management, LP

Jun 28, 2013, 10:36 ET

DALLAS, June 28, 2013 /PRNewswire/ -- Swank Capital, LLC and Cushing® MLP Asset Management, LP announced today upcoming changes to the constituents of The Cushing® Upstream Energy Income Index (the "Index") as part of normal index operations.  After the markets close on July 5, 2013, the 25 constituents of the Index will be adjusted and rebalanced and the changes will become effective on July 8, 2013.

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Cushing® Upstream Energy Index constituents effective July 8, 2013:

Company Name

Ticker

Index Weight

Status

BreitBurn Energy Partners L.P.

BBEP

7.50%

Existing

EV Energy Partners, LP

EVEP

7.50%

Existing

Linn Energy LLC

LINE

7.50%

Existing

Vanguard Natural Resources, LLC

VNR

7.50%

Existing

BP Prudhoe Bay Royalty Trust

BPT

7.50%

Existing

Legacy Reserves LP

LGCY

7.31%

Existing

Atlas Resource Partners, L.P.

ARP

6.03%

Existing

QR Energy, LP

QRE

5.28%

Existing

Memorial Production Partners LP

MEMP

3.97%

Existing

Dorchester Minerals LP

DMLP

3.61%

Existing

Sabine Royalty Trust

SBR

3.59%

Existing

San Juan Basin Royalty Trust

SJT

3.57%

Existing

Chesapeake Granite Wash Trust

CHKR

3.37%

Existing

Pacific Coast Oil Trust

ROYT

3.32%

Existing

Permian Basin Royalty Trust

PBT

2.93%

Existing

SandRidge Mississippian Trust II

SDR

2.93%

Existing

SandRidge Permian Trust

PER

2.79%

Existing

Enduro Royalty Trust

NDRO

2.51%

Existing

Mid-Con Energy Partners, LP

MCEP

2.02%

Existing

SandRidge Mississippian Trust I

SDT

1.84%

Existing

LRR Energy, L.P.

LRE

1.83%

Existing

MV Oil Trust

MVO

1.71%

Existing

Hugoton Royalty Trust

HGT

1.64%

Existing

Whiting USA Trust II

WHZ

1.13%

Existing

Voc Energy Trust

VOC

1.12%

New

Constituent removed effective July 8, 2013

Company Name

Ticker

Pioneer Southwest Energy Partners L.P.

PSE

ABOUT THE CUSHING® UPSTREAM ENERGY INCOME INDEX

The Index is designed to track the performance of publicly traded U.S. royalty trusts and upstream exploration and production ("Upstream") energy master limited partnerships ("MLPs"). The Index is currently comprised of 25 U.S. royalty trusts and Upstream MLPs, 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 U.S. royalty trusts and Upstream MLPs.  The Index is quoted under the Bloomberg ticker "CRTY" as well as on a total-return basis, using end of day pricing, under the ticker "CRTYTR". For more information about the Index, please visit: www.swankcapital.com/the-cushing-indices. 

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® MLP Market Cap Index (Bloomberg Ticker:  CMCI), The Cushing® MLP High Income Index (Bloomberg Ticker:  MLPY) and The Cushing® 30 MLP Index (Bloomberg Ticker:  MLPX). For more information, please visit www.swankcapital.com/the-cushing-indices. 

The Cushing® Upstream Energy 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 Swank Capital, LLC; Cushing MLP Asset Management, LP