USCI United States Commodity Index ETF

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USCI United States Commodity Index ETF

Seeks to track, before fees and expenses, the SummerHaven Dynamic Commodity Index Total Return Index. The Index is comprised of 14 equal weighted futures contracts that will be selected on a monthly basis from a list of 27 possible futures contracts, in three steps: 1) Choose 7 commodities with the greatest backwardation (or least contango). Backwardation is measured as the annualized % price difference between the futures price for the closest-to-expiration contract and the next closest-to-expiration contract for each commodity. 2) From the remaining 20 commodities, choose 7 commodities with greatest 12-month price momentum, subject to a diversification requirement. Momentum is measured as the % price difference between the futures price for the closest-to-expiration contract and the price of the closest-to-expiration contract 12-months ago for each commodity. 3) For each of the 14 index commodities, the Index selects the contract month with the greatest backwardation (or least contango), taking into account the allowed contracts and maximum tenor for each commodity market.

$52.89  +0.09 (0.17%)
As of 08/08/2022 13:20:16 EST     IEX book   CBOE book


ETF Information
Sponsor:     USCF
Category1:  Commodities
Category2:  Broad market
Category3:  Varied term futures
Morningstar category:  Commodities Broad Basket
Leverage factor:  1.00
Inception date:  08/10/2010
Index tracking method: Passive replication
Current yield:  0.00%
Historical average yield:  0.00%
Market cap:  $294,594,000
Average volume:  59,654
Fees:     0.8000%

Index Information
SummerHaven Dynamic Commodity Index Total Return Index
Index symbol:  SDCITR
Provider:   SummerHaven
Note: Tracks a total return index
Index weighting:   Equal weighted
Index inception date:  01/01/1991
Backtesting data exists:   Yes
Number of holdings:  14

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