SDCI USCF SummerHaven Dynamic Commodity Strategy No K-1 ETF

This is an actively managed fund that seeks to maintain substantial economic exposure to the performance of the commodities markets primarily by investing in a wholly-owned Cayman Islands subsidiary of the Fund (the Subsidiary). The Fund will not invest more than 25% of its total assets in the Subsidiary. The Fund’s portfolio of futures contracts will generally consist of the commodities futures contracts included in the SummerHaven Dynamic Commodity Index Total Return (SDCITR) Index, in proportionally equal weights by notional amount as the SDCITR. The index is designed to broadly represent major commodities and reflect the performance of a fully margined and collateralized portfolio of exchange-traded commodities futures contracts. The Fund’s portfolio of futures contracts is reconstituted and rebalanced on a monthly basis to reflect the changing composition of the SDCITR. The Fund may also invest in other futures contracts as well as other derivative instruments. To collateralize its derivative investments, the Fund will hold short-term U.S. government securities (e.g., Treasuries). In managing the collateral portion of the Fund’s investment strategy, the Fund’s Adviser will seek to at least match the return of the hypothetical investments used by the SDCITR to collateralize the component futures contracts, but may seek to enhance interest returns or increase portfolio liquidity by investing in money market instruments, investment grade fixed-income securities, cash, and cash equivalents.

$16.88  -0.01 (-0.09%)
As of 03/23/2023 10:56:16 EST     IEX book   CBOE book

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ETF Information

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Sponsor:     USCF
Category1:  Commodities
Category2:  Broad market
Category3:  Actively managed
Morningstar category:  Commodities Broad Basket
Leverage factor:  1.00
Inception date:  05/07/2018
Current yield:  18.88%
Historical average yield:  7.63%
Market cap:  $8,379,950
Average volume:  5,278
Fees:     0.8000%
Investment style: Actively managed