Overview
Ticker | |
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Intraday Indicative Value | UGA.IV |
CUSIP | |
ISIN | US91201T1025 |
Minimum Trade | 1 share |
Marginable | YES |
Options Traded | YES |
Total Expense Ratio | |
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Trading Increment | $0.01 |
Administrator | The Bank of New York Mellon |
Distributor | ALPS Distributors, Inc. |
Sponsor | United States Commodity Funds, LLC |
General Partner | United States Commodity Funds, LLC |
Fund Summary
The United States Gasoline Fund, LP® (UGA) is an exchange-traded security that is designed to track the daily price movements of gasoline. UGA issues shares that may be purchased and sold on the NYSE Arca.
The investment objective of UGA is for the daily changes in percentage terms of its shares' net asset value (NAV) to reflect the daily changes in percentage terms of the price of gasoline (also known as reformulated gasoline blendstock for oxygen blending, or "RBOB"), for delivery to the New York harbor, as measured by the daily changes in the price of UGA's Benchmark Futures Contract, plus interest earned on UGA's collateral holdings, less UGA's expenses.
UGA's Benchmark Futures Contract is the futures contract on gasoline as traded on the NYMEX that is the near month contract to expire. If the near month contract is within two weeks of expiration, the Benchmark will be the next month contract to expire.
UGA invests primarily in RBOB futures contracts, and to a lesser extent, in order to comply with regulatory requirements, risk mitigation measures (including those that may be taken by UGA, UGA's futures commission merchants, counterparties or other market participants), liquidity requirements, or in view of market conditions, other gasoline-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.
Key Facts
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NAV Change | |
4PM Bid/Ask Midpoint | |
Last Trade Price |
Premium Discount (%) | |
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Shares Outstanding | |
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Performance
Historical NAV Performance download is not available at this time.
The performance data quoted above represents past performance. PAST PERFORMANCE IS NOT 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.
† UGA commenced operations on 02/26/2008.
Growth of $10,000 Investment
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.
This chart shows how a hypothetical investment of $10,000 in the Fund at its inception would have performed versus an investment in the Fund’s benchmark futures contract(s). 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.
The performance data quoted above represents past performance. PAST PERFORMANCE IS NOT 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.
Average Daily Returns
The performance data quoted above represents past performance. PAST PERFORMANCE IS NOT 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.
Creation & Redemption
- Creation/Redemption Basket Size 50,000 Shares
- Transaction charge for each Authorized Purchasers Order is $350 (per order, not per basket)
- Order Cut-off for AP's is 12:00 p.m. ET
- UGA's NAV is calculated generally around 4:00 pm ET
- Settlement is T+1
- Custodian is The Bank of New York Mellon
- Marketing Agent is ALPS Distributors, Inc.