ALUM — USCF Aluminum Strategy Fund
Data updated: 2024-11-21
ALUM — USCF Aluminum Strategy Fund. Alternative · $821.68K AUM · 0.65% expense ratio · 10.4% 1-yr return. Holdings, fees, performance and SEC filings.
ALUM Fund Overview
ALUM — USCF Aluminum Strategy Fund is a US mutual fund managed by USCF ETF Trust, categorised as Alternative. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.
- Type: US mutual fund
- Manager: USCF ETF Trust
- Category: Alternative
- Assets under management: $821.68K
- 1-year return: 10.4%
- Ticker: ALUM
- SEC CIK: 0001597389
- SEC series ID: S000081418
- Share class ID: C000244285
ALUM Investment Objective and Strategy
USCF Aluminum Strategy Fund describes its objective and strategy as follows, from its latest prospectus filed with the SEC by USCF ETF Trust.
Investment objective
The USCF Aluminum Strategy Fund (the Fund) seeks investment results that generally correspond over the long term to the performance of the price of aluminum.
Principal investment strategy
The Fund is an actively managed exchange-traded fund (ETF). The Fund seeks to achieve its investment objective by using a proprietary methodology that seeks to provide exposure to the price of aluminum through aluminum-based derivatives investments (Aluminum Derivatives). The Fund will primarily invest in aluminum futures, however, in order to gain the desired economic exposure, the Fund may also invest in cash settled options, forward contracts, options on futures contracts, and other options. The Fund may invest in Aluminum Derivatives that are traded on U.S. and non-U.S. exchanges. The Fund does not seek to track any specific benchmark or index. Aluminum may be physically traded at its current market price (or spot price), but is more commonly traded through the purchase and sale of futures contracts ( i.e.
, agreements to buy or sell a specific quantity of aluminum in the future at a specific price). The Fund will invest in aluminum only through its investments in derivative instruments such as futures contracts, and not directly. Futures contracts expire by default on a monthly basis. The Fund will sell the futures contracts it holds as they near expiration and will replace them with new futures contracts with a later expiration date. This is often referred to as rolling a futures contract. Although the Fund is permitted to invest in Aluminum Derivatives directly, the Fund intends to invest in Aluminum Derivatives primarily through a wholly-owned subsidiary of the Fund incorporated in the Cayman Islands, USCF Cayman Commodity 8 (the Subsidiary). By investing in the Subsidiary, the Fund is able to obtain greater exposure to aluminum while maintaining compliance with U.S.
federal income tax requirements applicable to investment companies. The Fund will not invest more than 25% of its total assets in the Subsidiary, as determined at the end of each fiscal quarter. The Subsidiary is advised by the Adviser and has the same investment objective as the Fund. The assets of the Subsidiary are subject to the same investment restrictions and limitations, and follow the same compliance policies and procedures, as the Fund, except that the Subsidiary may invest without limitation in Aluminum Derivatives. The Subsidiarys investments are considered to be part of the Funds portfolio. Neither the Fund nor the Subsidiary invests directly in aluminum or other commodities. The portion of the Funds assets that are not invested in Aluminum Derivatives will be primarily invested, directly or indirectly through the Subsidiary, in cash, cash equivalents, investment grade fixed-income investments, money market funds, repurchase agreements or a combination thereof.
The primary purpose of such investments will be to meet coverage and collateral requirements associated with the Funds Aluminum Derivatives. The Fund is not diversified, as that term is defined in the Investment Company Act of 1940, as amended (the 1940 Act). The CFTC has adopted certain requirements that subject a registered investment company and its investment adviser to regulation by the CFTC if the registered investment company invests more than a prescribed level of its net asset value (NAV) in CFTC-regulated futures, options, or swaps, or if the registered investment company markets itself as providing investment exposure to such instruments. Due to the Funds expected use of such CFTC-regulated instruments above the prescribed levels, the Fund is considered a commodity pool under the Commodity Exchange Act (CEA).
ALUM Holdings
Top 3 holdings of USCF Aluminum Strategy Fund by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| Commodity Exchange, Inc. | 4.33% |
| Commodity Exchange, Inc. | 3.00% |
| Commodity Exchange, Inc. | 1.38% |
ALUM Portfolio Allocation
Asset-class allocation of USCF Aluminum Strategy Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Derivatives | 8.7% |
ALUM Performance
Total returns for ALUM (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| 1 year | 10.4% |
ALUM Risk Information
Risk metrics for ALUM, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 23.1%
ALUM Costs and Fees
ALUM costs about $65 per $10,000 invested per year in fund expenses.
- Net expense ratio: 0.65%
- Gross expense ratio: 0.65%
- Brokerage commissions: 0.00 bps of average net assets (SEC N-CEN)
ALUM Cashflows
Over the 12 months to 2024-09, USCF Aluminum Strategy Fund had net inflows of $719.73K, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2024-09 | −$796.04K |
| 2024-08 | $0 |
| 2024-07 | −$811.34K |
| 2024-06 | $0 |
| 2024-05 | $0 |
| 2024-04 | $0 |
ALUM Debt Constituents
No individual debt constituents are reported in USCF Aluminum Strategy Fund's latest SEC N-PORT filing.
ALUM Prospectus and SEC Filings
Official USCF Aluminum Strategy Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
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Data Sources
ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.