Key stats
About United States 12 Month Oil
Expense ratio
0.85%
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Inception date
Dec 6, 2007
USL offers an alternative method of exposure to oil in a viable vehicle. The fund brings an alternative futures strategy to the table that's had some success. In an effort to beat contango the decay of exposure to oil when the futures curve is up sloping the fund takes a position in 12 different futures contracts, one for each upcoming month. This will mean it will have less sensitivity to short-term moves in spot oil. Investors should consider using limit orders to manage spreads. USLs legal structure isnt unusual in the commodities space, but it does change the tax structure and result in a K-1 at tax time.
Classification
What's in the fund
Exposure type
Cash
Futures
Bonds, Cash & Other100.00%
Cash50.79%
Futures49.21%
Displays a symbol's price movements over previous years to identify recurring trends.