Category | Fund Name | Summary | Net Assets ($ M)* | YTD (%) |
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NA | United States 12 Month Natural Gas Fund LP | 41.19 | 0 | |
The fund seeks to track the price movements of natural gas, by investing in companies outside the United States. The investment process starts with a list of companies in the benchmark index and the research team utilizes quantitative techniques and fundamental analysis to identify investment opportunities. Next, the research team’s goal is for the daily changes in percentage terms of the fund’s shares’ per share net asset value to reflect the daily changes in percentage terms of the price of natural gas delivered at the Henry Hub, Louisiana. The calculation for net asset value is as measured by the daily changes in the average of the prices of specified short-term futures contracts on natural gas called the Benchmark Futures Contracts, plus interest earned on the fund’s collateral holdings, less expenses. The Benchmark Futures Contracts are the futures contracts on natural gas as traded on the New York Mercantile Exchange that are the near month contract to expire, and the contracts for the following 11 months, for a total of 12 consecutive months’ contracts. However, when the near month contract is within two weeks of expiration, in which case they are measured by the futures contracts that are the next month contract to expire and the contracts for the following 11 consecutive months. Then the manager constructs a portfolio of stocks from a list of companies favored by the research team and allocates capital based on its conviction level. The portfolio consists of listed natural gas futures contracts and other natural gas related futures contracts and may consist of forwards and swap contracts. These investments will be collateralized by cash, cash equivalents and US government obligations with remaining maturities of two years or less. |
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NA | United States 12 Month Oil Fund LP | 114.94 | 0 | |
The fund seeks to track the movements of West Texas Intermediate light, sweet crude oil, by investing in companies outside the United States. The investment process starts with a list of companies in the benchmark index and the research team utilizes quantitative techniques and fundamental analysis to identify investment opportunities. Next, the research team’s goal is for the daily changes in percentage terms of the fund’s per share net asset value to reflect the daily changes in percentage terms of the spot price of light, sweet crude oil delivered to Cushing, Oklahoma. The calculation for net asset value is as measured by the daily changes in the average of the prices of specified short-term futures contracts on light, sweet crude oil called the Benchmark Oil Futures Contracts, plus interest earned on the fund’s collateral holdings, less expenses. The Benchmark Oil Futures Contracts are the futures contracts on light, sweet crude oil as traded on the New York Mercantile Exchange that is the near month contract to expire, and the contracts for the following 11 months, for a total of 12 consecutive months’ contracts. However, when the near month contract is within two weeks of expiration, in which case it will be the futures contract that is the next month contract to expire and the contracts for the following 11 consecutive months. Then the manager constructs a portfolio of stocks from a list of companies favored by the research team and allocates capital based on its conviction level. The portfolio consists of listed crude oil futures contracts and other oil-related futures and may consist of forwards and swap contracts. These investments will be collateralized by cash, cash equivalents and US government obligations with remaining maturities of two years or less. |
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NA | United States Brent Oil Fund LP | 230.48 | 0 | |
The fund seeks to track the movements of Brent crude oil, by investing in companies outside the United States. The investment process starts with a list of companies in the benchmark index and the research team utilizes quantitative techniques and fundamental analysis to identify investment opportunities. Next, the research team’s goal is for the daily changes in percentage terms of the fund’s shares’ per share net asset value to reflect the daily changes in percentage terms of the spot price of Brent crude oil. The calculation for net asset value is as measured by the daily changes in the price of a specified short-term futures contract on Brent crude oil called the Benchmark Futures Contract, plus interest earned on the fund’s collateral holdings, less expenses. The Benchmark Futures Contract is the futures contract on Brent crude oil as traded on the ICE Futures Europe Exchange that is the near month contract to expire. However, when the near month contract is within two weeks of expiration, in which case it will be measured by the futures contract that is the next month contract to expire. Then the manager constructs a portfolio of stocks from a list of companies favored by the research team and allocates capital based on its conviction level. The portfolio consists of listed crude oil futures contracts and other oil-related futures and may consist of forwards and swap contracts. These investments will be collateralized by cash, cash equivalents and US government obligations with remaining maturities of two years or less. |
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NA | United States Commodity Index Fund | 305.42 | 4.6 | |
The fund seeks daily changes in percentage terms of its shares’ net asset value to reflect the daily changes in percentage terms of the Index, before fees and expenses, by investing in companies outside the United States. The Index is designed to reflect the performance of a portfolio of 14 commodity futures. The investment process starts with a list of companies in the benchmark index and the research team utilizes quantitative techniques and fundamental analysis to identify investment opportunities. Next, the research team invests significantly in the Benchmark Component Futures Contracts. Then the manager constructs a portfolio of stocks from a list of companies favored by the research team and allocates capital based on its conviction level. The portfolio consists of listed futures contracts and other commodity-related investments and may consist of forwards and swap contracts. These investments will be collateralized by cash, cash equivalents and US government obligations with remaining maturities of two years or less. |
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NA | United States Copper Index Fund | 151.16 | 0 | |
The fund seeks daily changes in percentage terms of its shares’ net asset value to reflect the daily changes in percentage terms of the Index, before fees and expenses, by investing in companies outside the United States. The Index is designed to reflect the performance of the investment returns from a portfolio of copper futures contracts on the COMEX exchange. The investment process starts with a list of companies in the benchmark index and the research team utilizes quantitative techniques and fundamental analysis to identify investment opportunities. Next, the research team invests significantly in the Benchmark Component Copper Futures Contracts. Then the manager constructs a portfolio of stocks from a list of companies favored by the research team and allocates capital based on its conviction level. The portfolio consists of listed copper futures contracts and other copper-related futures and may consist of forwards and swap contracts. These investments will be collateralized by cash, cash equivalents and US government obligations with remaining maturities of two years or less. |
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NA | United States Gasoline Fund LP | 108.35 | 1.6 | |
The fund seeks to track in percentage terms the movements of gasoline prices, by investing in companies outside the United States. The investment process starts with a list of companies in the benchmark index and the research team utilizes quantitative techniques and fundamental analysis to identify investment opportunities. Next, the research team’s goal is for the daily changes in percentage terms of the fund’s shares per share net asset value to reflect the daily changes in percentage terms of the spot price of gasoline, for delivery to the New York harbor. The calculation for net asset value is as measured by the daily changes in the price of a specified short-term futures contract on gasoline called the Benchmark Futures Contract, plus interest earned on the fund’s collateral holdings, less expenses. The Benchmark Futures Contract is the futures contract on gasoline as traded on the New York Mercantile Exchange that is the near month contract to expire, except when the near month contract is within two weeks of expiration, in which case it will be the futures contract that is the next month contract to expire. Then the manager constructs a portfolio of stocks from a list of companies favored by the research team and allocates capital based on its conviction level. The portfolio consists of listed gasoline futures contracts and other gasoline related futures contracts and may consist of forwards and swap contracts. These investments will be collateralized by cash, cash equivalents and US government obligations with remaining maturities of two years or less. |
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NA | United States Natural Gas Fund LP | 584.24 | 0 | |
The fund seeks to track in percentage terms the movements of natural gas prices, by investing in companies outside the United States. The investment process starts with a list of companies in the benchmark index and the research team utilizes quantitative techniques and fundamental analysis to identify investment opportunities. Next, the research team’s goal is for the daily changes in percentage terms of the fund’s shares’ per share net asset value to reflect the daily changes in percentage terms of the price of natural gas delivered at the Henry Hub, Louisiana. The calculation for net asset value is as measured by the daily changes in the price of a specified short-term futures contract called the Benchmark Futures Contract, plus interest earned on the fund’s collateral holdings, less expenses. The Benchmark Futures Contract is the futures contract on natural gas as traded on the New York Mercantile Exchange that is the near month contract to expire. However, when the near month contract is within two weeks of expiration, in which case it will be measured by the futures contract that is the next month contract to expire. Then the manager constructs a portfolio of stocks from a list of companies favored by the research team and allocates capital based on its conviction level. The portfolio consists of listed natural gas futures contracts and other natural gas related futures contracts, forwards and swap contracts. These investments will be collateralized by cash, cash equivalents and US government obligations with remaining maturities of two years or less. |
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NA | United States Oil Fund LP | 2.32 | 0 | |
The fund seeks the daily changes in percentage terms of its shares’ per share net asset value to reflect the daily changes in percentage terms of the spot price of light, sweet crude oil delivered to Cushing, Oklahoma, by investing in companies outside the United States. The calculation for net asset value is as measured by the daily changes in the price of a specified short-term futures contract on light, sweet crude oil called the Benchmark Oil Futures Contract, plus interest earned on the fund’s collateral holdings, less expenses. The Benchmark Oil Futures Contract is the futures contract on light, sweet crude oil as traded on the New York Mercantile Exchange that is the near month contract to expire. However, when the near month contract is within two weeks of expiration, in which case it will be measured by the futures contract that is the next month contract to expire. The investment process starts with a list of companies in the benchmark index and the research team utilizes quantitative techniques and fundamental analysis to identify investment opportunities. Next, the research team primarily invests in the Benchmark Futures Contract and oil futures contracts for light, sweet crude oil traded on New York Mercantile Exchange and ICE Futures with the same maturity month as the Benchmark Futures Contract. Then the manager constructs a portfolio of stocks from a list of companies favored by the research team and allocates capital based on its conviction level. The portfolio consists of listed crude oil futures contracts and other oil-related contracts, and may invest in forwards and swap contracts. These investments will be collateralized by cash, cash equivalents, and US government obligations with remaining maturities of 2 years or less. |
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NA | USCF SummerHaven Dynamic Commodity Strategy No K-1 Fund | 9.62 | 5.3 | |
The fund seeks total return in the long term by investing in companies outside the United States. The fund seeks to maintain substantial economic exposure to the performance of the commodities markets. The sub-adviser’s investment process starts with a list of companies in the benchmark index and the research team utilizes quantitative techniques and fundamental analysis to identify investment opportunities. Next, the research team gains exposure to the commodities markets primarily by investing in a wholly-owned Cayman Islands subsidiary of the fund (the Subsidiary). However, the team will not invest more than 25% of the fund’s net assets in the Subsidiary. Then the manager constructs a portfolio of stocks from a list of companies favored by the research team and allocates capital based on its conviction level. The fund seeks to replicate the composition of the benchmark index, holding each security in approximately the same proportion as its weighting in the Index. Also, the fund may invest in Commodity-Linked Investments directly or indirectly through the Subsidiary. |
* Net Assets include for all classes