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A Primer on MLPs

July 10, 2019

What is a master limited partnership (MLP)? What are the potential features that may make MLPs an attractive investment vehicle? And why may Cushing® Sector Plus ETFs be an attractive way to gain exposure to MLPs?

Why Have MLPs and Midstream Been Reducing Leverage as of Late?

By Ben Hernandez on June 27, 2019

Master limited partnerships and midstream companies have been reducing leverage as of late, but what are the benefits of this move? After oil’s declines over a few years ago, the commodity has been on the rise in 2019, but more challenging market environments are making companies turn the dial down on leveraged exposure.

Introduction to Cushing Sector Plus ETFs

June 25, 2019

Cushing® Sector Plus ETFs were designed with the goal of providing investors with broad exposure to the energy supply chain and its related sectors.

Todd Sunderland, Partner & Head of Risk and Quant Strategies at Cushing, spotlights their Sector Plus ETFs focused primarily on the energy sector and MLPs on ETF Prime podcast with host Nate Geraci.

May 21, 2019


press play below to listen to the podcast

The Cushing Energy Index, The Cushing Utility Index, The Cushing Transportation Index, and The Cushing Energy Supply Chain Index are unmanaged and cannot be invested in directly. Index components are concentrated primarily in the energy, transportation and materials sectors and are subject to a variety of risks including, among others, energy price volatility, environmental costs and changes in regulations.

  • Correlation: is a statistical measure of the mutual relationship between two or more things
  • Beta: is a statistical measure of risk arising from exposure to general market movements
  • Basis points: a measure to describe percentage change and one basis point is equal to 0.01%

OPEC is the Organization of the Petroleum Exporting Countries

Oil Rides the Rails

April 10, 2019

New discoveries, as well as improved methods to extract crude oil from existing fields, have increased the production of crude oil in the United States. Crude oil is not typically consumed in the same place that it is produced and must be transported.

Cushing Debuts A Twist on ETF Sector Investing

By Todd Rosenbluth on December 7, 2018

ETF investors can now get the potential growth benefits of sector investing, with the potentially complimentary income investing of mid-stream energy master limited partnerships (MLPs) from a well-established asset manager. A suite of four Cushing Sector Plus ETFs offering a twist on the sector investing world started trading Thursday.

New ETFs Combine MLPs, Stocks

By ETF.COM Staff on December 6, 2018

Cushing Asset Management, a longtime presence in the MLP investing space, whose indexes underlie several exchange-traded products, today entered the ETF market as an issuer, with the launch of four index-based ETFs that offer exposure to MLPs and common stocks.

Cushing Asset Management Debuts Income-Focused Equity Sector, MLP ETFs

By Ben Hernandez on December 6, 2018

With the capital markets exhibiting signs of a more risk-off sentiment, the search for income-generating assets is more apparent than ever and Cushing® Asset Management is meeting that need. The investment firm, which has a plethora of experience in energy, materials, and industrials, announced on Thursday the debut of a new suite of income focused Equity Sector & MLP ETFs: The Cushing® Sector Plus ETFs.

Launch Press Release

December 6, 2018

Cushing® Asset Management Launches Suite of Income-Focused Equity Sector & MLP ETFs New funds offer key energy industry and sector exposures including MLPs in a tax efficient manner to provide potential for greater yield

As OPEC Meets, New Energy ETFs See a Chance in Oil's Decline

By Rachel Evans on December 6, 2018

Cushing Asset Management has a lot riding on the OPEC meeting in Vienna Thursday -- specifically, the success of its first exchange-traded funds.

An investor should consider the investment objective, risks, charges and expenses of the Fund carefully before investing. To obtain a prospectus and summary prospectus, which contain this and other information, call 800-617-0004 or click on one of the following prospectuses XLEY Prospectus, XLSY Prospectus, XLTY Prospectus, XLUY Prospectus. Please read the prospectus and summary prospectus carefully before investing.

Investments involve risk. Principal loss is possible. The Funds have the same risks as the underlying securities traded on the exchange throughout the day at market price. The Fund’s investments will be concentrated in an industry or group of industries to the extent the Index is so concentrated, and the Index is expected to be concentrated in energy, utility, materials, and industrial industries. The Fund is a recently organized, non-diversified management investment company with no operating history. As a result, prospective investors have no track record or history on which to base their investment decision. The Fund will be considered to be non-diversified, which means that it may invest more of its assets in the securities of a single issuer or a smaller number of issuers than if it were a diversified fund. As with all ETFs, Shares may be bought and sold in the secondary market at market prices. Although it is expected that the market price of Shares will approximate the Fund’s NAV, there may be times when the market price of Shares is more than the NAV intra-day (premium) or less than the NAV intra-day (discount) due to supply and demand of Shares or during periods of market volatility. The equity securities of smaller companies have historically been subject to greater investment risk than securities of larger companies.

The Fund's assets will be concentrated in the energy and industrials sectors, so it will be more effected by the those sector's performance. Master Limited Partnerships (MLPs) concentrate investments in the natural resource sector and are subject to the risks of energy prices and demand and the volatility of commodity investments. MLPs are subject certain risks inherent in the structure of MLPs, including complex tax structure risks, the limited ability for election or removal of management, limited voting rights, potential dependence on parent companies or sponsors for revenues to satisfy obligations, and potential conflicts of interest between partners, members and affiliates.

The potential tax benefits from investing in MLPs depend on them being treated as partnerships for federal income tax purposes. If the MLP is deemed to be a corporation then its income would be subject to federal taxation at the entity level, reducing the amount of cash available for distribution to the Fund which could result in a reduction of the Fund's value.

The S&P 500 Index is an index of 500 stocks used industry wide as a macro level indicator of the overall U.S. equity market. The S&P 500 Energy Index comprises those companies included in the S&P 500 that are classified as members of the GICS energy sector. The S&P 500 Utility Index comprises those companies included in the S&P 500 that are classified as members of the GICS utility sector. The S&P 500 Materials Index comprises those companies included in the S&P 500 that are classified as members of the GICS materials sector. The Dow Jones Transportation Index represents the stock performance of large, well-known U.S. companies within the transportation industry. Cushing® 30 MLP Index, an equally weighted index of 30 MLPs and non-MLP midstream companies selected using a formula-based, proprietary valuation methodology. It is not possible to invest in an index.

Diversification does not assure a profit nor protect against principal loss in a declining market.

Any tax or legal information provided is merely a summary of our understanding and interpretation of some of the current income tax regulations and is not exhaustive. Investors must consult their tax advisor or legal counsel for advice and information concerning their particular situation. Neither the Fund nor any of its representatives may give legal or tax advice.

The Cushing ETFs are offered only to United States residents, and information on this website is intended only for such persons. Nothing on this website should be considered a solicitation to buy or an offer to sell shares of any Cushing ETFs in any jurisdiction where the offer or solicitation would be unlawful under the securities laws of such jurisdiction.

The Cushing ETFs are distributed by Quasar Distributors, LLC.

Quasar Distributors, LLC is affiliated with U.S. Bank Global Fund Services, LLC.


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