Key stats
About United States Commodity Index Fund
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Inception date
Aug 10, 2010
Structure
Commodities Pool
Replication method
Synthetic
Distribution tax treatment
No distributions
Income tax type
60/40
Max ST capital gains rate
27.84%
Max LT capital gains rate
27.84%
Primary advisor
United States Commodity Funds LLC
Distributor
ALPS Distributors, Inc.
ISIN
US9117171069
USCI aims to be the ultimate contango killer. Each month, it picks the seven commodities with the greatest backwardation (or least contango) and the seven commodities with the greatest 12-month price momentum, with the caveat that it holds at least one precious metal, industrial metal, energy, livestock, soft, and grain commodity. From there, it equally weights the futures contract on each commodity with the greatest backwardation or least contango. The 14 commodity contracts are selected from a pool of 27 eligible futures contract and are determined by quant analysis relating to its prices. Investors should note that USCI issues a K-1 at tax time.
Related funds
Classification
What's in the fund
Exposure type
Futures
Cash
Bonds, Cash & Other100.00%
Futures50.58%
Cash49.42%
Top 10 holdings
Frequently Asked Questions
An exchange-traded fund (ETF) is a collection of assets (stocks, bonds, commodities, etc.) that track an underlying index and can be bought on an exchange like individual stocks.
USCI assets under management is 266.55 M USD. AUM is an important metric as it reflects the fund's size and can serve as a gauge of how successful the fund is in attracting investors, which, in its turn, can influence decision-making.
Since ETFs work like an individual stock, they can be bought and sold on exchanges (e.g. NASDAQ, NYSE, EURONEXT). As it happens with stocks, you need to select a brokerage to access trading. Explore our list of available brokers to find the one to help execute your strategies. Don't forget to do your research before getting to trading. Explore ETFs metrics in our ETF screener to find a reliable opportunity.
USCI invests in cash. See more details in our Analysis section.
USCI expense ratio is 1.07%. It's an important metric for helping traders understand the fund's operating costs relative to assets and how expensive it would be to hold the fund.
No, USCI isn't leveraged, meaning it doesn't use borrowings or financial derivatives to magnify the performance of the underlying assets or index it follows.
No, USCI doesn't pay dividends to its holders.
USCI shares are issued by The Marygold Cos, Inc.
USCI follows the SummerHaven Dynamic Commodity (TR). ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
The fund started trading on Aug 10, 2010.
The fund's management style is passive, meaning it's aiming to replicate the performance of the underlying index by holding assets in the same proportions as the index. The goal is to match the index's returns.