Prospectus Fact Sheet
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Overview

Overview

Ticker
CUSIP
ISIN US90290T8099
Total Annual Fund Expenses
Fee Waivers1
Total Net Expenses
Trading Increment $0.01
Administrator The Bank of New York Mellon
Distributor ALPS Distributors, Inc.
Investment Adviser USCF Advisers, LLC
Portfolio Managers Andrew F Ngim
Seth Lancaster
Sub-Adviser SummerHaven Investment Management
Index Provider SummerHaven Index Management
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1 The Adviser has contractually agreed through October 31, 2025 to waive 0.20% of its management fees.

Fund Summary

The Fund seeks to provide investment results that closely correspond, before fees and expenses, to the performance of the SummerHaven Dynamic Commodity Index Total ReturnSM (SDCITR). The SDCITR is a total return commodity sector index designed to broadly represent major commodities. The SDCITR reflects the performance of a fully margined and collateralized portfolio of commodities futures contracts. Under normal market conditions, the Fund will invest 80% of its assets in futures contracts and other commodity-related derivative instruments. In determining the value of the Fund's assets for this purpose, the Fund will value each derivative instrument using the instrument's notional amount.

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, money market funds, investment grade fixed-income securities, cash, and cash equivalents.

The total return of the SDCITR is based upon the market price movements of its component futures contracts and the return on the hypothetical investments used to collateralize those futures contracts. At any time, the SDCITR is comprised of 14 commodity futures contracts, weighted equally by notional amount, selected each month based upon a universe of 27 eligible commodities futures contracts. The 14 selected contracts are equally weighted and represent five sectors: petroleum (e.g., crude oil, heating oil, etc.), precious metals (e.g., gold, silver, platinum), industrial metals (e.g., zinc, nickel, aluminum, copper, etc.), grains (e.g., wheat, corn, soybeans, etc.), and non-primary sector (e.g., sugar, cotton, coffee, cocoa, natural gas, live cattle, lean hogs, feeder cattle). The SDCITR is rules-based and reconstituted and rebalanced monthly.

An investment in the USCF SummerHaven Dynamic Commodity Strategy No K-1 Fund may not be suitable for all investors. Investing involves risks, including loss of principal. There is no guarantee that the fund's objective will be met. The USCF SummerHaven Dynamic Commodity Strategy No K-1 Fund is non-diversified and entails certain risks, including risks associated with the use of derivatives (futures contracts and similar instruments) and the risk associated with investment in commodities. Investing in derivatives, including futures, entails risks relating to liquidity, counterparty, leverage and credit that may reduce return and increase volatility. Commodities contain a heightened risk including market and price movements that are outside the Fund’s control and may be influenced by weather and climate conditions, livestock disease, war, terrorism, political conflicts and economic event, interest rates, currency exchange rates, U.S. and non-U.S. government regulation and taxation Investments held in U.S. government securities, money market instruments, and money market funds can suffer losses. The Fund is exposed to non-diversification risk which results from the Fund’s direct or indirect investment in commodities and futures contracts that are economically identical or substantially similar. Please read the Fund’s prospectus for a more complete description of risks, including information about the above and other risks including correlation and specific risks regarding each commodity sector and the investment in the Subsidiary.

The portfolio consists of listed futures contracts and other commodity-related investments and may consist of forwards. These investments will be collateralized by cash, cash equivalents and US government obligations with remaining maturities of two years or less.

Below are the eligible commodities that may comprise the Index on a monthly basis:

Crude Oil (Brent)

Heating Oil

Feeder Cattle

Bean Oil

Soybean Meal

Copper

Tin

Platinum

Coffee

Crude Oil (WTI)

Natural Gas

Lean Hogs

Corn

Wheat

Lead

Zinc

Silver

Cotton

Gasoil

Unleaded Gasoline

Live Cattle

Soybeans

Aluminum

Nickel

Gold

Cocoa

Sugar

For the month of August, the Benchmark Component Futures Contracts are:

SOYBEAN OIL FUTR Oct25

COCOA FUTURE Dec25

WTI CRUDE FUTURE Nov25

BRENT CRUDE FUTR Nov25

COPPER FUTURE Dec25

NY Harb ULSD Fut Dec25

COFFEE 'C' FUTURE Dec25

LME PRI ALUM FUTR Oct25

LIVE CATTLE FUTR Oct25

LEAN HOGS FUTURE Oct25

LME ZINC FUTURE Oct25

Low Su Gasoil G Sep25

SILVER FUTURE Dec25

GASOLINE RBOB FUT Oct25

Key Facts

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Performance

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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.

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.

Beginning with the commodity selection process that commenced 12/24/2020, the SDCITR was revised to consolidate the six commodity sectors that comprised the index into the five sectors as described above.

SummerHaven Dynamic Commodity Index Total Return (SDCITR): The SummerHaven Dynamic Commodity Index Total ReturnSM (“SDCITR”) is an index designed to reflect the performance of a fully margined and collateralized portfolio of exchange-traded commodities futures contracts. The total return of the SDCITR is based upon the market price movements of its component futures contracts and the return on the hypothetical investments used to collateralize those futures contracts. At any time, the SDCITR is comprised of 14 commodity futures contracts (the “Component Futures Contracts”), weighted equally by notional amount, selected each month based upon a universe of 27 eligible commodities and futures contracts for those commodities. The eligible futures contracts are physical non-financial commodity futures contracts traded on futures exchanges in major industrialized countries, and typically have active and liquid markets. The eligible futures contracts are denominated in U.S. dollars. Currently, the universe of eligible commodities is categorized into five commodity sectors. Specifically, there are four primary commodity sectors (petroleum; precious metals; industrial metals; and grains) and a non-primary sector. The SDCITR is rules-based and reconstituted and rebalanced monthly using quantitative formulas, subject to the constraint that each of the four primary commodity sectors must be represented by at least one Component Futures Contract. There is no requirement that the non-primary sector be so represented. One cannot invest directly in an index.

Bloomberg Commodity Index Total Return (BCOM TR) – is an index that tracks the performance of 22 broadly diversified commodity futures contracts. Prior to July 1, 2014, BCOM was known as the Dow Jones-UBS Commodity Index.

† SDCI commenced operations on 05/03/2018.

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.

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

Ex-Date Record Date Pay Date Ordinary Income Short Term Gains Long Term Gains Return of Capital Total 19A-1 Notice Form 8937
Download 19A-1 Notice Download Form 8937
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Distributions data is unavailable at this time.

Creation & Redemption

  • Creation/Redemption 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 10:30 a.m. ET
  • SDCI’s NAV is calculated generally as of 2:30 p.m. ET
  • Settlement is T+1
  • Custodian is The Bank of New York Mellon

An investment in the USCF SummerHaven Dynamic Commodity Strategy No K-1 Fund may not be suitable for all investors. Investing involves risks, including loss of principal. There is no guarantee that the fund's objective will be met. The USCF SummerHaven Dynamic Commodity Strategy No K-1 Fund is non-diversified and entails certain risks, including risks associated with the use of derivatives (futures contracts and similar instruments) and the risk associated with investment in commodities. Investing in derivatives, including futures, entails risks relating to liquidity, counterparty, leverage and credit that may reduce return and increase volatility. Commodities contain a heightened risk including market and price movements that are outside the Fund’s control and may be influenced by weather and climate conditions, livestock disease, war, terrorism, political conflicts and economic event, interest rates, currency exchange rates, U.S. and non-U.S. government regulation and taxation Investments held in U.S. government securities and money market instruments can suffer losses. The Fund is exposed to non-diversification risk which results from the Fund’s direct or indirect investment in commodities and futures contracts that are economically identical or substantially similar. Please read the Fund’s prospectus for a more complete description of risks, including information about the above and other risks including correlation and specific risks regarding each commodity sector and the investment in the Subsidiary.

We advise you to consider a Fund's objectives, risks, charges and expenses carefully before investing. Download a copy of a Fund's Prospectus by clicking here: USCF SummerHaven Dynamic Commodity Strategy No K-1 Fund. Please read the Prospectus carefully before investing.

SDCI and its design mark are service marks of USCF Advisers, LLC and SummerHaven Index Management, LLC. SummerHaven Dynamic Commodity Index Total Return® and associated trademarks, service marks and trade names are the exclusive property of SummerHaven Index Management, LLC, which has licensed both indexes and marks for use by USCF Advisers, LLC for use by SDCI. SummerHaven Index Management, LLC is solely responsible for determining the investments included in, and the calculation of, both indexes. SummerHaven Index Management, LLC does not make any representations regarding the appropriateness of any of the Fund’s investments for the purpose of tracking the performance of the applicable Index or otherwise. USCF Advisers, LLC is not affiliated with SummerHaven Index Management, LLC.

NOT FDIC INSURED | MAY LOSE VALUE | NO BANK GUARANTEE

This information is intended for U.S. residents.

One cannot invest directly in an index.

USCF is a registered service mark of United States Commodity Funds LLC. United States Commodity Funds LLC and USCF Advisers LLC are wholly owned limited liability companies of USCF Investments, Inc.

ALPS Distributors, Inc., is the distributor for funds sponsored by the United States Commodity Funds LLC and funds that are series of the USCF ETF Trust and not affiliated with either entity or USCF Investments, Inc.

Shares of the funds that are exchange-traded products (ETPs) or exchange-traded funds (ETFs) are not individually redeemable and owners of any Shares may acquire those Shares from the Funds and tender those shares for redemption to the Funds in Creation Unit aggregations of 10,000, 25,000, 50,000 or 100,000 Shares.

Investments contain a heightened risk including market and price movements that are outside the Fund’s control and may be influenced by infectious disease outbreaks, including Covid-19, weather and climate conditions, livestock disease, war, terrorism, political conflicts and economic event, interest rates, currency exchange rates, U.S. and non-U.S. government regulation and taxation Investments held in U.S. government securities and money market instruments can suffer losses.

EXCHANGE TRADED PRODUCT DISCLOSURES

We advise you to consider a Fund's objectives, risks, charges and expenses carefully before investing. Download a copy of a Fund's Prospectus by clicking one of the following: which contains this and other information, or contact the Fund’s distributor at: ALPS Distributors, Inc., 1290 Broadway, Suite 1000, Denver, Colorado 80203 or call 800-920-0259. Please read the Fund’s Prospectus carefully before investing.

USCI, USO, USL, BNO, UNG, UNL, UGA, and CPER are commodity pools regulated by the Commodity Futures Trading Commission. These Funds, which are ETPs, are not mutual funds or any other type of Investment Company within the meaning of the Investment Company Act of 1940, as amended, and are not subject to regulation thereunder.

Past performance does not guarantee future results.

Commodity trading is highly speculative and involves a high degree of risk. Commodities and futures generally are volatile and are not suitable for all investors. An investor may lose all or substantially all of an investment. Investing in commodity interests subject each Fund to the risks of its related industry. These risks could result in large fluctuations in the price of a particular Fund's respective shares. Funds that focus on a single sector generally experience greater volatility. For further discussion of these and additional risks associated with an investment in the Funds please read the respective Fund Prospectus before investing.

INVESTING IN USO INVOLVES RISKS SIMILAR TO THOSE INVOLVED WITH AN INVESTMENT DIRECTLY IN THE OIL FUTURES MARKETS, BUT IT IS NOT A PROXY FOR TRADING DIRECTLY IN THE OIL MARKETS AND THESE RISKS ARE REAL. Investing in USO also involves correlation risk. Recent and unprecedented volatility in the crude oil markets in 2020 demonstrates that these risks are real. An investor should consider carefully the risks described below before making an investment decision. See the section of the USO prospectus titled “Risk Factors Involved with an Investment in USO.” Certain of these risk factors are summarized in the Disclosures section of this website.

EXCHANGE TRADED FUND DISCLOSURES

We advise you to consider a fund's objectives, strategies, risks, charges and expenses carefully before investing. The Prospectus contains this and other information. Download a copy of a fund's Prospectus by clicking one of the following: . Please read any Prospectus carefully before investing.

An investment in the USCF SummerHaven Dynamic Commodity Strategy No K-1 Fund (SDCI), the USCF Dividend Income Fund (UDI), the USCF Midstream Energy Income Fund (UMI), USCF Energy Commodity Strategy Absolute Return Fund (USE), USCF Gold Strategy Plus Income Fund (USG), USCF Sustainable Battery Metals Strategy Fund (ZSB) and the USCF Sustainable Commodity Strategy Fund (ZSC) may not be suitable for all investors.

Investing involves risks, including loss of principal. The market value of shares of common stock can be volatile and change quickly. There is no guarantee that the fund's objective will be met. Fund concentration generally leads to greater price volatility. Foreign investing involves special risks such as currency fluctuations and political uncertainty. Investment in small companies generally experience greater price volatility.

Past performance does not guarantee future results.

Commodity trading is highly speculative and involves a high degree of risk. Commodities and futures generally are volatile and are not appropriate for all investors. An investor may lose all or substantially all of an investment. Investing in commodity interests subject each Fund to the risks of its related industry. These risks could result in large fluctuations in the price of a particular Fund's respective shares. Funds that focus on a single sector generally experience greater volatility. For further discussion of these and additional risks associated with an investment in the Funds please read the respective Fund Prospectus before investing.

SDCI, UDI, UMI, USE, USG, ZSB, and ZSC shares are not individually redeemable. Individual investors must buy and sell SDCI, UDI, UMI, USE, USG, ZSB and ZSC shares in the secondary market through their brokerage firm. Brokerage commissions may apply and will reduce returns.

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