USCF Aluminum Strategy Fund
Name
As of 05/03/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
Vitals
YTD Return
6.2%
1 yr return
N/A
3 Yr Avg Return
N/A
5 Yr Avg Return
N/A
Net Assets
$2.28 M
Holdings in Top 10
70.0%
52 WEEK LOW AND HIGH
Expenses
OPERATING FEES
Expense Ratio 0.65%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover N/A
Redemption Fee N/A
Min Investment
Standard (Taxable)
N/A
IRA
N/A
Fund Classification
Fund Type
Exchange Traded Fund
Name
As of 05/03/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
ALUM - Profile
Distributions
- YTD Total Return 6.2%
- 3 Yr Annualized Total Return N/A
- 5 Yr Annualized Total Return N/A
- Capital Gain Distribution Frequency N/A
- Net Income Ratio N/A
- Dividend Yield 0.0%
- Dividend Distribution Frequency None
Fund Details
-
Legal NameUSCF Aluminum Strategy Fund
-
Fund Family NameUSCF ADVISERS, LLC
-
Inception DateOct 06, 2023
-
Shares OutstandingN/A
-
Share ClassN/A
-
CurrencyUSD
-
Domiciled CountryUS
Fund Description
The Fund is an actively managed exchange-traded fund (“ETF”). The Fund seeks to achieve its investment objective by using a proprietary methodology that seeks to provide exposure to the price of aluminum through aluminum-based derivatives investments (“Aluminum Derivatives”). The Fund will primarily invest in aluminum futures, however, in order to gain the desired economic exposure, the Fund may also invest in cash settled options, forward contracts, options on futures contracts, and other options. The Fund may invest in Aluminum Derivatives that are traded on U.S. and non-U.S. exchanges. The Fund does not seek to track any specific benchmark or index.
Aluminum may be physically traded at its current market price (or spot price), but is more commonly traded through the purchase and sale of futures contracts (i.e., agreements to buy or sell a specific quantity of aluminum in the future at a specific price). The Fund will invest in aluminum only through its investments in derivative instruments such as futures contracts, and not directly. Futures contracts expire by default on a monthly basis. The Fund will sell the futures contracts it holds as they near expiration and will replace them with new futures contracts with a later expiration date. This is often referred to as “rolling” a futures contract.
Although the Fund is permitted to invest in Aluminum Derivatives directly, the Fund intends to invest in Aluminum Derivatives primarily through a wholly-owned subsidiary of the Fund incorporated in the Cayman Islands, USCF Cayman Commodity 8 (the “Subsidiary”). By investing in the Subsidiary, the Fund is able to obtain greater exposure to aluminum while maintaining compliance with U.S. federal income tax requirements applicable to investment companies. The Fund will not invest more than 25% of its total assets in the Subsidiary, as determined at the end of each fiscal quarter.
The Subsidiary is advised by the Adviser and has the same investment objective as the Fund. The assets of the Subsidiary are subject to the same investment restrictions and limitations, and follow the same compliance policies and procedures, as the Fund, except that the Subsidiary may invest without limitation in Aluminum Derivatives. The Subsidiary’s investments are considered to be part of the Fund’s portfolio. Neither the Fund nor the Subsidiary invests directly in aluminum or other commodities.
The portion of the Fund’s assets that are not invested in Aluminum Derivatives will be primarily invested, directly or indirectly through the Subsidiary, in cash, cash equivalents, investment grade fixed-income investments, money market funds, repurchase agreements or a combination thereof. The primary purpose of such investments will be to meet coverage and collateral requirements associated with the Fund’s Aluminum Derivatives.
The Fund is not “diversified,” as that term is defined in the Investment Company Act of 1940, as amended (the “1940 Act”).
The CFTC has adopted certain requirements that subject a registered investment company and its investment adviser to regulation by the CFTC if the registered investment company invests more than a prescribed level of its net asset value (“NAV”) in CFTC-regulated futures, options, or swaps, or if the registered investment company markets itself as providing investment exposure to such instruments. Due to the Fund’s expected use of such CFTC-regulated instruments above the prescribed levels, the Fund is considered a “commodity pool” under the Commodity Exchange Act (“CEA”).
ALUM - Performance
Return Ranking - Trailing
Period | ALUM Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 6.2% | N/A | N/A | N/A |
1 Yr | N/A | N/A | N/A | N/A |
3 Yr | N/A* | N/A | N/A | N/A |
5 Yr | N/A* | N/A | N/A | N/A |
10 Yr | N/A* | N/A | N/A | N/A |
* Annualized
Return Ranking - Calendar
Period | ALUM Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | N/A | N/A | N/A | N/A |
2022 | N/A | N/A | N/A | N/A |
2021 | N/A | N/A | N/A | N/A |
2020 | N/A | N/A | N/A | N/A |
2019 | N/A | N/A | N/A | N/A |
Total Return Ranking - Trailing
Period | ALUM Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 6.2% | N/A | N/A | N/A |
1 Yr | N/A | N/A | N/A | N/A |
3 Yr | N/A* | N/A | N/A | N/A |
5 Yr | N/A* | N/A | N/A | N/A |
10 Yr | N/A* | N/A | N/A | N/A |
* Annualized
Total Return Ranking - Calendar
Period | ALUM Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | N/A | N/A | N/A | N/A |
2022 | N/A | N/A | N/A | N/A |
2021 | N/A | N/A | N/A | N/A |
2020 | N/A | N/A | N/A | N/A |
2019 | N/A | N/A | N/A | N/A |
ALUM - Holdings
Concentration Analysis
ALUM | Category Low | Category High | ALUM % Rank | |
---|---|---|---|---|
Net Assets | 2.28 M | N/A | N/A | N/A |
Number of Holdings | 9 | N/A | N/A | N/A |
Net Assets in Top 10 | 2.75 M | N/A | N/A | N/A |
Weighting of Top 10 | 70.04% | N/A | N/A | N/A |
Top 10 Holdings
- United States Treasury Bill 19.10%
- United States Treasury Bill 18.92%
- United States Treasury Bill 12.68%
- United States Treasury Bill 5.72%
- United States Treasury Bill 5.66%
- United States Treasury Bill 3.16%
- Aluminum 2.47%
- ALUMINUM 1.20%
- Aluminum 1.14%
Asset Allocation
Weighting | Return Low | Return High | ALUM % Rank | |
---|---|---|---|---|
Bonds | 65.23% | N/A | N/A | N/A |
Cash | 29.96% | N/A | N/A | N/A |
Other | 4.81% | N/A | N/A | N/A |
Stocks | 0.00% | N/A | N/A | N/A |
Preferred Stocks | 0.00% | N/A | N/A | N/A |
Convertible Bonds | 0.00% | N/A | N/A | N/A |
Bond Sector Breakdown
Weighting | Return Low | Return High | ALUM % Rank | |
---|---|---|---|---|
Derivative | 4.81% | N/A | N/A | N/A |
Cash & Equivalents | 0.00% | N/A | N/A | N/A |
Securitized | 0.00% | N/A | N/A | N/A |
Corporate | 0.00% | N/A | N/A | N/A |
Municipal | 0.00% | N/A | N/A | N/A |
Government | 0.00% | N/A | N/A | N/A |
Bond Geographic Breakdown
Weighting | Return Low | Return High | ALUM % Rank | |
---|---|---|---|---|
US | 65.23% | N/A | N/A | N/A |
Non US | 0.00% | N/A | N/A | N/A |
ALUM - Expenses
Operational Fees
ALUM Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 0.65% | N/A | N/A | N/A |
Management Fee | 0.65% | N/A | N/A | N/A |
12b-1 Fee | N/A | N/A | N/A | N/A |
Administrative Fee | N/A | N/A | N/A | N/A |
Sales Fees
ALUM Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Front Load | N/A | N/A | N/A | N/A |
Deferred Load | N/A | N/A | N/A | N/A |
Trading Fees
ALUM Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Max Redemption Fee | N/A | N/A | N/A | N/A |
Related Fees
Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.
ALUM Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | N/A | N/A | N/A | N/A |
ALUM - Distributions
Dividend Yield Analysis
ALUM | Category Low | Category High | ALUM % Rank | |
---|---|---|---|---|
Dividend Yield | 0.00% | N/A | N/A | N/A |
Dividend Distribution Analysis
ALUM | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | None |
Net Income Ratio Analysis
ALUM | Category Low | Category High | ALUM % Rank | |
---|---|---|---|---|
Net Income Ratio | N/A | N/A | N/A | N/A |
Capital Gain Distribution Analysis
ALUM | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency |