DALLAS, June 8, 2018 /PRNewswire/ --Swank Capital, LLC
and Cushing ® Asset Management, LP, announce today an upcoming interim
rebalancing of The Cushing ® Transportation Index (the "Index"). Per the Index's
methodology guide, the removal of an Index constituent from a Sub-Index without a named direct replacement necessitates the
rebalancing of the Index. The Cushing ® 30 MLP Index (the "Sub-Index") announced
today that Index constituents Spectra Energy Partners, LP (NYSE: SEP) and Tallgrass Energy GP, LP (NYSE: TEGP) will be removed
from the Sub-Index after the markets close on June 15, 2018, and effective on June 18, 2018. Replacements named for the removed constituents are not direct replacements. After the markets
close on June 15, 2018, the constituents of the Index will be rebalanced, and the changes in the table below will
become effective on June 18, 2018.
Cushing ® Transportation Index constituents, effective June 18, 2018:
|
Company Name
|
Ticker
|
Index Weight
|
Status
|
|
Ryder System, Inc.
|
R
|
6.00%
|
Existing
|
|
United Parcel Service, Inc.
|
UPS
|
6.00%
|
Existing
|
|
Delta Air Lines, Inc.
|
DAL
|
6.00%
|
Existing
|
|
Matson, Inc.
|
MATX
|
6.00%
|
Existing
|
|
C.H. Robinson Worldwide, Inc.
|
CHRW
|
6.00%
|
Existing
|
|
Alaska Air Group, Inc.
|
ALK
|
6.00%
|
Existing
|
|
Union Pacific Corporation
|
UNP
|
6.00%
|
Existing
|
|
Norfolk Southern Corporation
|
NSC
|
6.00%
|
Existing
|
|
CSX Corporation
|
CSX
|
4.66%
|
Existing
|
|
Kansas City Southern
|
KSU
|
4.63%
|
Existing
|
|
Southwest Airlines Co.
|
LUV
|
4.36%
|
Existing
|
|
Expeditors International of Washington, Inc.
|
EXPD
|
4.05%
|
Existing
|
|
American Airlines Group Inc.
|
AAL
|
3.13%
|
Existing
|
|
FedEx Corporation
|
FDX
|
2.70%
|
Existing
|
|
J.B. Hunt Transport Services, Inc.
|
JBHT
|
2.62%
|
Existing
|
|
Dominion Energy Midstream Partners, LP
|
DM
|
2.00%
|
NEW
|
|
Alliance Resource Partners, L.P.
|
ARLP
|
2.00%
|
Existing
|
|
Andeavor Logistics LP
|
ANDX
|
2.00%
|
Existing
|
|
Tallgrass Energy Partners, LP
|
TEP
|
2.00%
|
Existing
|
|
EnLink Midstream Partners, LP
|
ENLK
|
2.00%
|
Existing
|
|
DCP Midstream, LP
|
DCP
|
2.00%
|
Existing
|
|
Enable Midstream Partners, LP
|
ENBL
|
2.00%
|
NEW
|
|
EQT Midstream Partners, LP
|
EQM
|
2.00%
|
NEW
|
|
Western Gas Partners, L.P.
|
WES
|
2.00%
|
Existing
|
|
Crestwood Equity Partners LP
|
CEQP
|
2.00%
|
NEW
|
|
Energy Transfer Equity, L.P.
|
ETE
|
2.00%
|
Existing
|
|
Energy Transfer Partners, L.P.
|
ETP
|
2.00%
|
NEW
|
|
Landstar System, Inc.
|
LSTR
|
1.85%
|
Existing
|
Constituents removed, effective June 18, 2018:
|
Company Name
|
Ticker
|
|
MPLX LP
|
MPLX
|
|
Spectra Energy Partners, LP
|
SEP
|
|
Sunoco LP
|
SUN
|
|
Tallgrass Energy GP, LP
|
TEGP
|
|
Williams Partners L.P.
|
WPZ
|
ABOUT THE CUSHING ® TRANSPORTATION INDEX
The Cushing ® Transportation Index tracks the performance of widely held companies
engaged in road, rail, marine and air transportation of cargoes and passengers, as well as master limited partnerships (MLPs)
engaged in storage and transportation of oil, natural gas, coal and consumable fuels. 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 "CTRI".
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 ® Energy Supply Chain Index (Bloomberg Ticker: CSCI) 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 ® Transportation 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 Swank Capital, LLC, and 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-CTRI
View original content:http://www.prnewswire.com/news-releases/swank-capital-and-cushing-asset-management-announce-rebalancing-of-the-cushing-transportation-index-300662146.html
SOURCE Cushing Asset Management, LP; Swank Capital, LLC