LEAWOOD, Kan.--(EON: Enhanced Online News)--Tortoise Index Solutions today announced upcoming additions and deletions to its indices as part of its regular quarterly rebalancing for the fourth quarter of 2016. Following the close of trading on Dec. 16, 2016, the indices will be rebalanced and as a result, the following changes will become effective.
Tortoise MLP Index®
|Addition||Noble Midstream Partners LP||NBLX|
|Deletion||Ferrell Gas Partners LP||FGP|
The full constituent list can be viewed at www.tortoiseindexsolutions.com/tmlp/constituents.
Tortoise North American Pipeline IndexSM
|Addition||Noble Midstream Partners LP||NBLX|
The full constituent list can be viewed at www.tortoiseindexsolutions.com/tnap/constituents.
Tortoise North American Oil & Gas Producers IndexSM
|Addition||Extraction Oil & Gas Inc||XOG|
The full constituent list can be viewed at www.tortoiseindexsolutions.com/tnep/constituents.
Tortoise North American Water IndexSM
|Addition||Aqua Venture Holdings Ltd||WAAS|
The full constituent list can be viewed at http://tortoiseindexsolutions.com/tblue/constituents.
About Tortoise Index Solutions
Tortoise Index Solutions, LLC provides research-driven indices that can be used as a realistic basis for exchange-traded products and thought leadership in the universe of essential assets. Its indices are intended to fill a void in the market and provide benchmarks and investible asset class universes for use by investment professionals, research analysts and industry executives to analyze relative performance, as well as to provide a basis for passively managed exchange-traded products. Tortoise Index Solutions, LLC is affiliated with Tortoise Capital Advisors, L.L.C., a registered investment manager specializing in actively managed listed energy investing. As of Nov. 30, 2016, Tortoise Capital Advisors had approximately $15.5 billion of assets under management in listed closed-end funds, mutual funds, private funds, and separate accounts. For more information about Tortoise Index Solutions, LLC visit www.tortoiseindexsolutions.com. For more information about Tortoise Capital Advisors, L.L.C., visit www.tortoiseadvisors.com.
About Tortoise MLP Index®
The Tortoise MLP Index is a float-adjusted, capitalization weighted index of energy master limited partnerships (MLPs). The index is comprised of publicly traded companies organized in the form of limited partnerships or limited liability companies engaged in transportation, production, processing and/or storage of energy commodities.
About Tortoise North American Pipeline IndexSM
The Tortoise North American Pipeline Index is a float-adjusted, capitalization weighted index of pipeline companies that are organized and have their principal place of business in the United States or Canada. A pipeline company is defined as a company that either 1) has been assigned a standard industrial classification (“SIC”) system code that indicates the company operates in the energy pipeline industry or 2) has at least 50% of its assets, cash flow or revenue associated with the operation or ownership of energy pipelines. Pipeline companies engage in the business of transporting natural gas, crude oil and refined products, storing, gathering and processing such gas, oil and products and local gas distribution. The index includes pipeline companies structured as corporations, limited liability companies and master limited partnerships (MLPs).
About Tortoise North American Oil & Gas Producers IndexSM
The Tortoise North American Oil & Gas Producers Index is a float-adjusted, capitalization weighted index of North American energy companies primarily engaged in the production of crude oil, condensate, natural gas or natural gas liquids (NGLs). The index includes exploration and production companies structured as corporations, limited liability companies, and master limited partnerships, but excludes United States royalty trusts.
About Tortoise North American Water IndexSM
The Tortoise North American Water IndexSM is a float-adjusted, modified market capitalization-weighted index comprised of companies that are materially engaged in the water infrastructure or water management industries. Water infrastructure companies’ principal business is providing public water distribution or supporting water distribution infrastructure via equipment or engineering and construction. Water management companies’ primary business is providing technologies or products that manage or facilitate water distribution and usage, including the fields of water efficiency, water treatment and irrigation.
Safe Harbor Statement
This press release shall not constitute an offer to sell or a solicitation to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer or solicitation or sale would be unlawful prior to registration or qualification under the laws of such state or jurisdiction.
The indices are the exclusive property of Tortoise Index Solutions, LLC, which has contracted with S&P Opco, LLC (a subsidiary of S&P Dow Jones Indices LLC) to calculate and maintain the Tortoise MLP Index®, Tortoise North American Pipeline IndexSM, Tortoise North American Oil and Gas Producers IndexSM and Tortoise North American Water IndexSM (the “Indices”). The Indices are not sponsored by S&P Dow Jones Indices or its affiliates or its third party licensors (collectively, “S&P Dow Jones Indices”). S&P Dow Jones Indices will not be liable for any errors or omission in calculating the Indices. “Calculated by S&P Dow Jones Indices” and its related stylized mark(s) are service marks of S&P Dow Jones Indices and have been licensed for use by Tortoise Index Solutions, LLC and its affiliates. S&P® is a registered trademark of Standard & Poor’s Financial Services LLC (“SPFS”), and Dow Jones® is a registered trademark of Dow Jones Trademark Holdings LLC (“Dow Jones”).
No portion of this publication may be reproduced in any format or by any means including electronically or mechanically, by photocopying, or by any other form or manner whatsoever, without the prior written consent of Tortoise Index Solutions, LLC.