USCF Aluminum Strategy Fund Overview
Fund Details
The USCF Aluminum Strategy Fund seeks investment results that generally correspond over the long term to the performance of the price of aluminum.
Investment Strategy
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.
Reasons to Consider ALUM
- Aluminum is a versatile metal used in many different products across different industries, and demand is expected to continue to increase.
- ALUM offers investors targeted exposure to the price of aluminum.
- ALUM provides market price, NAV and portfolio holdings on a daily basis.
Key Characteristics of Aluminum:
- Low density
- High reflectivity
- High thermal conductivity
- High electrical conductivity
- Non-toxic
- Corrosion resistance
Aluminum is the critical element to build our world:
- Aircraft and aerospace
- Aluminum cans
- Home appliances and electronics
- Building materials
- Aluminum foil and packaging
- Automotive manufacturing
- Renewable Energy
Ticker | ALUM |
CUSIP | 90290T817 |
ISIN | US90290T8172 |
Total Annual Fund Operating Expenses | 0.65% |
Trading Increment | $0.01 |
Administrator | The Bank of New York Mellon |
Distributor | ALPS Distributors, Inc. |
Investment Advisor | USCF Advisers, LLC |
Portfolio Managers | Andy Ngim Darius Coby Seth Lancaster |
Historical NAV
The performance data quoted above represents past performance. PAST PERFORMANCE IS NOT NECESSARILY INDICATIVE OF FUTURE RESULTS. Investment return and value of the Fund shares will fluctuate so that an investor's shares, when sold, may be worth more or less than their original cost. Performance may be lower or higher than performance data quoted.
Performance
The Fund launched on 10/06/2023. Performance information is not available at this time.
The performance data quoted above represents past performance. PAST PERFORMANCE IS NOT NECESSARILY INDICATIVE OF FUTURE RESULTS. Investment return and value of the Fund shares will fluctuate so that an investor's shares, when sold, may be worth more or less than their original cost. Performance may be lower or higher than performance data quoted.
The Fund's NAV is calculated by dividing the value of the Fund's total assets less total liabilities by the number of shares outstanding. Share price returns are based on closing prices for the Fund and do not represent the returns an investor would receive if shares were traded at other times.
Shares of the fund are bought and sold by individual investors at market price (not NAV) and are not individually redeemed by the Fund. Brokerage commissions apply and will reduce returns. Market returns are based upon the midpoint of the bid/ask spread at 4:00 p.m. Eastern time (when NAV is normally determined for most ETFs), and do not represent the returns you would receive if you traded shares at other times.
† ALUM commenced operations on 10/06/2023.
Growth of $10,000 Investment
The Fund launched on 10/06/2023. Growth of $10,000 Investment Information is not available at this time.
This chart shows how a hypothetical investment of $10,000 in the Fund at its inception would have performed versus the performance of the Fund’s benchmark. The values indicate what $10,000 would have grown to over the time period indicated. The hypothetical example does not represent the returns of any particular investment. You cannot invest directly in an index.
The performance data quoted above represents past performance. PAST PERFORMANCE IS NOT NECESSARILY INDICATIVE OF FUTURE RESULTS. Investment return and value of the Fund shares will fluctuate so that an investor's shares, when sold, may be worth more or less than their original cost. Performance may be lower or higher than performance data quoted.
Premium / Discount
Days Traded at Premium | Days Traded at Discount | |
---|---|---|
The performance data quoted above represents past performance. PAST PERFORMANCE IS NOT NECESSARILY INDICATIVE OF FUTURE RESULTS. Investment return and value of the Fund shares will fluctuate so that an investor's shares, when sold, may be worth more or less than their original cost. Performance may be lower or higher than performance data quoted.
The above frequency distribution chart presents information about the difference between the daily market price for shares of the Fund and the Fund's reported NAV. The amount that the Fund's market price is above the reported NAV is called the premium. The amount that the Fund's market price is below the reported NAV is called the discount. The market price is determined using the midpoint between the highest bid and the lowest offer on the listing exchange, as of the time that the Fund's NAV is calculated (usually 4:00 pm Eastern time). The vertical axis of the chart shows the premium or discount expressed in basis points. The horizontal axis indicates the number of trading days in the period covered by the chart. Each bar in the chart shows the number of trading days in which the Fund traded within the premium/discount range indicated.
* A basis point is equal to 1/100th of 1%.
Distributions
The Fund launched on 10/06/2023. Distribution information is not available at this time.
Creation & Redemption Process
- Creation Unit Basket Size 25,000 Shares
- Authorized Participants pay a transaction fee of $250 for Creates/Redeems (per order, not per basket)
- Order cut-off for Cash Creates/Redeems is 3:00 p.m. ET
- ALUM's NAV is calculated generally as of 4:00 p.m. ET
- Settlement is T+2
- Custodian is The Bank of New York Mellon
- Fund Details
- Performance
- Growth of $10k
- Average Daily Returns
- Premium Discounts
- Distributions
- Creation Redemption
- Holdings
- Roll/Rebalance Dates
- Documents
NAV | |
NAV Change | |
4PM Bid/Ask Midpoint | |
Last Trade Price | |
Premium Discount (%) | |
30-Day SEC Yield as of | |
30-Day SEC Yield (Unsubsidized) as of | |
Trailing 12-Month Yield as of | |
Shares Outstanding | |
Total Net Assets | |
Median 30 Day Bid Ask Spread as of |