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SOURCE Cushing Asset Management, LP; Swank Capital, LLC
DALLAS, March 22, 2018 /PRNewswire/ -- Swank Capital, LLC, and Cushing® Asset Management, LP, announce today the upcoming rebalancing of The Cushing® Energy Supply Chain 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® Energy Supply Chain Index constituents, effective April 2, 2018:
LyondellBasell Industries N.V.
International Paper Company
The Williams Companies, Inc.
Occidental Petroleum Corporation
CF Industries Holdings, Inc.
Helmerich & Payne, Inc.
Exxon Mobil Corporation
Air Products and Chemicals, Inc.
Valero Energy Corporation
Packaging Corporation of America
Kinder Morgan, Inc.
Eastman Chemical Company
Alliance Holdings GP, L.P.
Alliance Resource Partners, L.P.
EnLink Midstream Partners, LP
Tallgrass Energy Partners, LP
DCP Midstream, LP
Andeavor Logistics LP
Spectra Energy Partners, LP
Energy Transfer Equity, L.P.
Western Gas Partners, L.P.
Tallgrass Energy GP, LP
Schlumberger N.V. (Schlumberger Limited)
International Flavors & Fragrances Inc.
Marathon Petroleum Corporation
Avery Dennison Corporation
Baker Hughes, A GE Company
PPG Industries, Inc.
Newmont Mining Corporation
Sealed Air Corporation
Anadarko Petroleum Corporation
Constituents removed, effective April 2, 2018:
Buckeye Partners, L.P.
CNX Midstream Partners LP
Enterprise Products Partners, L.P.
Summit Midstream Partners, LP
ABOUT THE CUSHING® ENERGY SUPPLY CHAIN INDEX
The Cushing® Energy Supply Chain Index tracks the performance of widely held companies engaged in exploration and production, refining and marketing, or storage and transportation of oil, natural gas, coal and consumable fuels; oil and natural gas equipment and services companies; and companies that extract and/or manufacture materials. 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 "CSCI".
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® Transportation Index (Bloomberg Ticker: CTRI) and The Cushing® Utility Index (Bloomberg Ticker: CUTI). For more information, please visit http://www.cushingasset.com/indices.
The Cushing® Energy Supply Chain 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.
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