Key stats
About United States 12 Month Oil
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Inception date
Dec 6, 2007
Structure
Commodities Pool
Replication method
Synthetic
Distribution tax treatment
No distributions
Income tax type
60/40
Max ST capital gains rate
27.84%
Max LT capital gains rate
27.84%
Primary advisor
United States Commodity Funds LLC
Distributor
ALPS Distributors, Inc.
USL offers an alternative method of exposure to oil in a viable vehicle. The fund brings an alternative futures strategy to the table that's had some success. In an effort to beat contango the decay of exposure to oil when the futures curve is up sloping the fund takes a position in 12 different futures contracts, one for each upcoming month. This will mean it will have less sensitivity to short-term moves in spot oil. Investors should consider using limit orders to manage spreads. USLs legal structure isnt unusual in the commodities space, but it does change the tax structure and result in a K-1 at tax time.
Classification
Returns
| 1 month | 3 months | Year to date | 1 year | 3 years | 5 years | |
|---|---|---|---|---|---|---|
| Price performance | — | — | — | — | — | — |
| NAV total return | — | — | — | — | — | — |
What's in the fund
Exposure type
Cash
Futures
Bonds, Cash & Other100.00%
Cash52.08%
Futures47.92%
Top 10 holdings
Dividends
Dividend payout history
Assets under management (AUM)
Fund Flows
Frequently Asked Questions
USL assets under management is 39.26 M USD. It's risen 2.47% over the last month.
USL fund flows account for −16.85 M USD (1 year). Many traders use this metric to get insight into investors' sentiment and evaluate whether it's time to buy or sell the fund.
No, USL doesn't pay dividends to its holders.
USL shares are issued by The Marygold Cos, Inc. under the brand US Commodity Funds. The ETF was launched on Dec 6, 2007, and its management style is Passive.
USL expense ratio is 0.85% meaning you'd have to pay 0.85% of your investment to help manage the fund.
USL follows the 12 Month Light Sweet Crude Oil. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
USL invests in cash.
USL price has risen by 6.09% over the last month, and its yearly performance shows a −7.70% decrease. See more dynamics on USL price chart.
NAV returns, another gauge of an ETF dynamics, showed a −3.39% decrease in three-month performance and has decreased by −6.23% in a year.
NAV returns, another gauge of an ETF dynamics, showed a −3.39% decrease in three-month performance and has decreased by −6.23% in a year.
USL trades at a premium (0.75%) meaning the ETF is trading at a higher price than the calculated NAV.