USCF Sustainable Battery Metals Strategy Fund Overview
Investment Objective
The USCF Sustainable Battery Metals Strategy Fund (ZSB) seeks total return.
Investment Strategy
The Fund seeks to achieve its investment objective by investing primarily in metals derivative instruments (“Metals Derivatives”) and, to a lesser extent in the equity securities of companies (“Metals Equities” and, together with Metals Derivatives, “Metals Investments”) that are economically tied to the metals that are necessary for “Electrification,” which is described below. The Adviser believes that demand for certain metals will increase as the global economy undergoes a process known as Electrification. During Electrification, energy derived from sustainable sources such as wind, solar, and hydroelectric power will gradually replace energy generated by fossil fuels. The infrastructure needed to produce and store that energy as electricity in batteries (“Battery and Electrification Infrastructure”) will require substantial amounts of certain metals. As a result, Electrification may lead to rising prices for these metals over time.
The Adviser uses a proprietary multi-factor quantitative methodology to select the Metals Investments. The Fund’s holdings will consist of instruments tied to industrial metals, precious metals, and rare earth metals that are used in batteries, battery charging infrastructure, and sustainable energy generation and storage infrastructure. The Fund’s Metals Investments will initially include metals such as cobalt, copper, iron ore, lithium, nickel, and other metals currently used in Battery and Electrification Infrastructure. Specific metals may be added or removed as eligible metals when changes occur in the evolution of battery and electrification metals technology, and when exposure to these metals can be obtained. The Metals Derivatives in which the Fund will invest are futures and swaps and, to a lesser extent, options and forwards. The Metals Equities in which the Fund will invest are the common stock of companies located in both the United States and in foreign countries, including in emerging markets, which are economically tied to the metals because they derive a substantial portion of their revenue from the mining, processing, production, refining, recycling, and other related activities of such metals.
The Fund also seeks to achieve a “net-zero” carbon footprint by purchasing carbon offset investments in an amount equal to the estimated aggregate carbon emissions of the Fund’s holdings.
Reasons to Consider ZSB
- Upstream exposure to the growing electric vehicle (EV) battery and electrification adoption and energy transition.
- Allocates higher exposures to those green metals expected to be most positively impacted by the EV battery and electrification adoption and energy transition.
- Designed sustainability to deliver these exposures while seeking a net-zero carbon outcome.
Ticker | ZSB |
CUSIP | 90290T841 |
ISIN | US90290T8412 |
Management Fees1 | |
Acquired Fund Fees and Expenses2 | |
Fee Waivers3 | |
Total Net Expenses |
Trading Increment | $0.01 |
Administrator | The Bank of New York Mellon |
Distributor | ALPS Distributors, Inc. |
Investment Advisor | USCF Advisers, LLC |
Portfolio Managers | Seth Lancaster |
1 The Fund pays USCF Advisers LLC (the “Adviser”) an annual unitary management fee based upon the Fund’s average daily net assets at the rate set forth above. The Adviser is responsible for all expenses of the Fund except expenses for taxes and governmental fees; brokerage fees; commissions and other transaction expenses; costs of borrowing money, including interest expenses; securities lending expenses; extraordinary expenses (such as litigation and indemnification expenses); and fees and expenses of any independent legal counsel.
2 Acquired Fund Fees and Expenses are the indirect costs of investing in other investment companies. The operating expenses in this fee table will not correlate to the expense ratio in the Fund’s financial highlights because the financial statements include only the direct operating expenses incurred by the Fund. Acquired Fund Fees and Expenses are based on estimated amounts for the Fund’s current fiscal year.
3 The Adviser has contractually agreed, through January 4, 2024 to waive 0.20% of its management fee. The agreement may be amended or terminated prior to January 4, 2024 only by agreement of the Board of Trustees (the “Board”) of USCF ETF Trust (the “Trust”) and the Adviser, and will terminate automatically if the advisory agreement between the Adviser and the Fund is terminated. After January 4, 2024, the Adviser, in its sole discretion may choose to renew or amend the agreement, subject to approval by the Board. Amounts waived are not subject to recoupment by the Adviser.
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 1/11/2023 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.
† ZSB commenced operations on 1/11/2023.
Growth of $10,000 Investment
The Fund launched on 1/11/2023. Growth of $10,000 Investment Information is not available at this time.
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 1/11/2023. 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 $350 for Creates/Redeems (per order, not per basket)
- Order cut-off for Cash Creates/Redeems is 3:00 p.m. ET
- ZSB'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 | |
Trailing 12-Month Yield as of | |
Shares Outstanding | |
Total Net Assets | |
Estimated Yield on Cash Holdings* as of | |
Median 30 Day Bid Ask Spread as of | |
*Represents the estimated annualized yield of the portfolio’s cash and cash equivalent holdings based on the current daily accrual rate. Actual rates are subject to change daily and may vary. |