Swank Capital and Cushing® Asset Management Announce Rebalancing of The Cushing® Energy Supply Chain Index
Swank Capital and Cushing® Asset Management Announce Rebalancing of The Cushing® Energy Supply Chain Index
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:
Company Name Ticker Index Weight Status
------------ ------ ------------ ------
LyondellBasell Industries N.V. LYB 3.58% Existing
------------------------------ --- ---- --------
International Paper Company IP 3.43% Existing
--------------------------- --- ---- --------
ONEOK, Inc. OKE 3.41% Existing
----------- --- ---- --------
The Williams Companies, Inc. WMB 3.31% Existing
---------------------------- --- ---- --------
Occidental Petroleum Corporation OXY 3.07% Existing
-------------------------------- --- ---- --------
CF Industries Holdings, Inc. CF 3.04% Existing
---------------------------- --- ---- --------
Helmerich & Payne, Inc. HP 2.73% Existing
----------------------- --- ---- --------
Exxon Mobil Corporation XOM 2.66% Existing
----------------------- --- ---- --------
WestRock Company WRK 2.56% Existing
---------------- --- ---- --------
Air Products and Chemicals, Inc. APD 2.55% Existing
-------------------------------- --- ---- --------
Chevron Corporation CVX 2.50% Existing
------------------- --- ---- --------
Nucor Corporation NUE 2.28% Existing
----------------- --- ---- --------
DowDuPont Inc. DWDP 2.20% Existing
-------------- ---- ---- --------
Valero Energy Corporation VLO 2.16% Existing
------------------------- --- ---- --------
Praxair, Inc. PX 2.11% Existing
------------- --- ---- --------
Packaging Corporation of America PKG 2.08% Existing
-------------------------------- --- ---- --------
Kinder Morgan, Inc. KMI 2.04% Existing
------------------- --- ---- --------
Eastman Chemical Company EMN 2.03% 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
--------- --- ---- ---
Schlumberger N.V. (Schlumberger Limited) SLB 1.95% Existing
--------------------------------------- --- ---- --------
International Flavors & Fragrances Inc. IFF 1.95% Existing
--------------------------------------- --- ---- --------
Phillips 66 PSX 1.88% Existing
----------- --- ---- --------
Apache Corporation APA 1.76% Existing
------------------ --- ---- --------
Monsanto Company MON 1.75% Existing
---------------- --- ---- --------
Marathon Petroleum Corporation MPC 1.64% Existing
------------------------------ --- ---- --------
Avery Dennison Corporation AVY 1.56% Existing
-------------------------- --- ---- --------
Baker Hughes, A GE Company BHGE 1.54% Existing
-------------------------- ---- ---- --------
PPG Industries, Inc. PPG 1.52% Existing
-------------------- --- ---- --------
Andeavor ANDV 1.50% Existing
-------- ---- ---- --------
Newmont Mining Corporation NEM 1.44% NEW
-------------------------- --- ---- ---
Sealed Air Corporation SEE 1.41% Existing
---------------------- --- ---- --------
Albemarle Corporation ALB 1.35% Existing
--------------------- --- ---- --------
ConocoPhillips COP 1.33% Existing
-------------- --- ---- --------
Hess Corporation HES 1.31% Existing
---------------- --- ---- --------
Ecolab Inc. ECL 1.16% Existing
----------- --- ---- --------
TechnicFMC plc FTI 1.11% Existing
-------------- --- ---- --------
Anadarko Petroleum Corporation APC 1.09% NEW
------------------------------ --- ---- ---
Halliburton Company HAL 1.01% Existing
------------------- --- ---- --------
Constituents removed, effective April 2, 2018:
Company Name Ticker
------------ ------
Ball Corporation BLL
---------------- ---
Buckeye Partners, L.P. BPL
---------------------- ---
CNX Midstream Partners LP CNXM
------------------------- ----
Enterprise Products Partners, L.P. EPD
---------------------------------- ---
Summit Midstream Partners, LP SMLP
----------------------------- ----
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.
Contact:
Judson Redmond
214-692-6334
www.cushingasset.com
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.
CUSH-CSCI
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SOURCE Cushing Asset Management, LP; Swank Capital, LLC
