The Cushing Royalty Trust and Upstream MLP Index Changes Name to The Cushing Upstream Energy Income Index

TexasBusiness.com


Texas Business reports:  DALLAS—Cushing MLP Asset Management LP, a subsidiary of Swank Capital LLC, announced the name change of The Cushing Royalty Trust and Upstream MLP Index to The Cushing Upstream Energy Income Index.

The constituents, methodology and the Bloomberg tickers for the Index (CRTY and CRTYTR) will remain unchanged.  The name change is intended to provide a simpler and more comprehensive description of the Index and its constituents.

The index is designed to track the performance of publicly traded U.S. royalty trusts and upstream exploration and production  energy MLPs. The index is currently comprised of 25 U.S. royalty trusts and E&P MLPs, weighted on a float-adjusted market capitalization basis with the weight of each constituent capped at 7.5% at rebalance.  The index is calculated by Standard & Poor's ("S&P") and priced on a real-time, daily basis by CME Group under the Bloomberg ticker CRTY as well as on a total-return basis, using end of day pricing, under the ticker CRTYTR.  

Cushing MLP Asset Management LP, 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 that invest primarily in securities of MLPs and other energy income businesses.