DALLAS, Dec. 11, 2020
/PRNewswire/ -- Cushing® Asset Management, LP,
and Swank Capital, LLC, announce today the upcoming
rebalancing of The Cushing® MLP Market Cap Index (the
"Index") as part of normal index operations. After the markets
close on December 18, 2020, the 30
constituents of the Index will be rebalanced, and the following
changes will be effective on December 21, 2020:
Constituents added:
Equitrans Midstream Corporation
(NYSE: ETRN)
Noble Midstream Partners LP (NASDAQ: NBLX)
Constituents removed:
KNOT Offshore Partners LP (NYSE:
KNOP)
NGL Energy Partners LP (NYSE: NGL)
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 midstream energy infrastructure
companies, including master limited partnerships (MLPs) and non-MLP
midstream corporations (each, a "Midstream Company" and
collectively, "Midstream Companies"). 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 Midstream
Companies. 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 CUSHING® ASSET
MANAGEMENT AND SWANK CAPITAL
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,
providing active management in markets where inefficiencies
exist.
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) and The Cushing® MLP High Income Index
(Bloomberg Ticker: MLPY). For more information, please visit
http://www.cushingasset.com/indices.
Contact:
Jon Abel
214-692-6334
http://www.cushingasset.com/
The Cushing® MLP
Market Cap 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.
View original
content:http://www.prnewswire.com/news-releases/cushing-asset-management-and-swank-capital-announce-rebalancing-of-the-cushing-mlp-market-cap-index-301191179.html
SOURCE Cushing® Asset Management, LP and Swank Capital, LLC