DALLAS, June 4, 2018 /PRNewswire/ -- Swank Capital,
LLC, and Cushing® Asset
Management, LP, announce today an upcoming interim rebalancing
of The Cushing® Energy
Supply Chain 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. On June 4, 2018, S&P Dow
Jones Indices announced that Index constituent Monsanto Company
(NYSE: MON) will be removed from the S&P 500 Index ("SPX") and,
by extension, the S&P 500 Materials Index ("S5MATR"), a
Sub-Index of the Index, effective prior to the open of trading on
June 7, 2018. S&P Dow Jones has
announced that the replacement named for MON will not be a member
of S5MATR. After the markets close on June
6, 2018, the constituents of the Index will be rebalanced,
and the changes in the table below will become effective on
June 7, 2018.
Cushing® Energy
Supply Chain Index constituents, effective June 7, 2018:
Company
Name
|
Ticker
|
Index
Weight
|
Status
|
The Williams
Companies, Inc.
|
WMB
|
3.56%
|
Existing
|
LyondellBasell
Industries N.V.
|
LYB
|
3.32%
|
Existing
|
Kinder Morgan,
Inc.
|
KMI
|
3.27%
|
Existing
|
ONEOK,
Inc.
|
OKE
|
3.22%
|
Existing
|
International Paper
Company
|
IP
|
3.12%
|
Existing
|
Helmerich &
Payne, Inc.
|
HP
|
3.06%
|
Existing
|
Exxon Mobil
Corporation
|
XOM
|
2.80%
|
Existing
|
CF Industries
Holdings, Inc.
|
CF
|
2.78%
|
Existing
|
WestRock
Company
|
WRK
|
2.67%
|
Existing
|
Chevron
Corporation
|
CVX
|
2.54%
|
Existing
|
Air Products and
Chemicals, Inc.
|
APD
|
2.53%
|
Existing
|
Occidental Petroleum
Corporation
|
OXY
|
2.50%
|
Existing
|
Packaging Corporation
of America
|
PKG
|
2.47%
|
Existing
|
Nucor
Corporation
|
NUE
|
2.18%
|
Existing
|
DowDuPont
Inc.
|
DWDP
|
2.13%
|
Existing
|
International Flavors
& Fragrances Inc.
|
IFF
|
2.09%
|
Existing
|
Alliance Resource
Partners, L.P.
|
ARLP
|
1.99%
|
Existing
|
DCP Midstream,
LP
|
DCP
|
2.10%
|
Existing
|
EnLink Midstream
Partners, LP
|
ENLK
|
2.31%
|
Existing
|
Andeavor Logistics
LP
|
ANDX
|
1.76%
|
Existing
|
Tallgrass Energy
Partners, LP
|
TEP
|
2.06%
|
Existing
|
Western Gas Partners,
L.P.
|
WES
|
2.17%
|
Existing
|
Energy Transfer
Equity, L.P.
|
ETE
|
2.21%
|
Existing
|
Spectra Energy
Partners, LP
|
SEP
|
1.60%
|
Existing
|
MPLX LP
|
MPLX
|
1.96%
|
Existing
|
Sunoco LP
|
SUN
|
1.83%
|
Existing
|
Tallgrass Energy GP,
LP
|
TEGP
|
2.03%
|
Existing
|
Schlumberger N.V.
(Schlumberger Limited)
|
SLB
|
2.00%
|
Existing
|
Williams Partners
L.P.
|
WPZ
|
1.97%
|
Existing
|
Eastman Chemical
Company
|
EMN
|
1.99%
|
Existing
|
Praxair,
Inc.
|
PX
|
1.97%
|
Existing
|
Phillips
66
|
PSX
|
1.86%
|
Existing
|
Avery Dennison
Corporation
|
AVY
|
1.84%
|
Existing
|
Valero Energy
Corporation
|
VLO
|
1.78%
|
Existing
|
Apache
Corporation
|
APA
|
1.76%
|
Existing
|
PPG Industries,
Inc.
|
PPG
|
1.65%
|
Existing
|
Marathon Petroleum
Corporation
|
MPC
|
1.55%
|
Existing
|
Baker Hughes, A GE
Company
|
BHGE
|
1.53%
|
Existing
|
Newmont Mining
Corporation
|
NEM
|
1.38%
|
Existing
|
Sealed Air
Corporation
|
SEE
|
1.36%
|
Existing
|
Albemarle
Corporation
|
ALB
|
1.33%
|
Existing
|
ConocoPhillips
|
COP
|
1.16%
|
Existing
|
TechnicFMC
plc
|
FTI
|
1.16%
|
Existing
|
Hess
Corporation
|
HES
|
1.14%
|
Existing
|
Andeavor
|
ANDV
|
1.09%
|
Existing
|
Freeport-McMoRan
Inc.
|
FCX
|
1.09%
|
NEW
|
Ecolab
Inc.
|
ECL
|
1.07%
|
Existing
|
Halliburton
Company
|
HAL
|
1.04%
|
Existing
|
Ball
Corporation
|
BLL
|
1.03%
|
NEW
|
Constituent removed, effective June 7,
2018:
Company
Name
|
Ticker
|
Monsanto
Company
|
MON
|
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 MLP and energy income investors by sponsoring
a variety of industry benchmarks, including The Cushing® 30 MLP Index (Bloomberg
Ticker: MLPX), The Cushing® 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® Utility Index (Bloomberg
Ticker: CUTI) and The Cushing® Transportation Index
(Bloomberg Ticker: CTRI). 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
Cushing 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 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-CSCI
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SOURCE Cushing Asset Management, LP and Swank Capital, LLC