BUY — USCF SummerHaven SHPEI Index Fund

BUY Fund Overview

BUY — USCF SummerHaven SHPEI Index Fund is a US ETF managed by USCF ETF Trust, categorised as Money Market. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.

• Type: US ETF
• Manager: USCF ETF Trust
• Category: Money Market
• Assets under management: $805.12K
• Ticker: BUY
• SEC CIK: 0001597389
• SEC series ID: S000059710
• Share class ID: C000195391

BUY Investment Objective and Strategy

USCF SummerHaven SHPEI Index Fund describes its objective and strategy as follows, from its latest prospectus filed with the SEC by USCF ETF Trust.

Investment objective

The USCF SummerHaven SHPEI Index Fund (for purposes of this Fund Summary, the Fund) seeks to track the price and yield performance, before fees and expenses, of the SummerHaven Private Equity Strategy Index SM (SHPEI).

Principal investment strategy

The Fund employs a passive management or indexing investment approach designed to track the price and yield performance, before fees and expenses, of SHPEI. SHPEI includes common stocks of micro-, small-, and mid-capitalization U.S. companies with market capitalizations of at least $100 million and lower than $10 billion at the time of index construction. The market capitalization range of SHPEI may fluctuate between rebalancing periods. The companies comprising SHPEI are listed on U.S. stock exchanges. SHPEI attempts to replicate the long-term (i.e., 10 years or more) return characteristics of diversified private equity allocations. SHPEI is designed to include publicly-traded companies that possess characteristics similar to the companies that private equity firms have historically selected for investment, as well as companies that SummerHaven Index Management, LLC (SHIM), the index provider, believes private equity firms are likely to select for investment in the future.

However, SHPEI does not include, and the Fund does not invest in, private equity funds or private equity of companies. SHPEI is constructed using a proprietary methodology developed by SHIM and licensed to the Adviser. The proprietary methodology favors companies with low enterprise value to earnings before interest, taxes, depreciation, and amortization (EV / EBITDA) ratios; low net equity issuance; low market capitalization; and moderate profitability. From a universe of approximately 3,000 U.S. companies, SHIM applies proprietary screens to determine an investable universe. SHPEI includes the greater of 200 companies or 20% of such investable universe. SHPEI is equally weighted and rebalanced annually. Under normal market conditions, the Fund generally invests substantially all, but at least 80%, of its total assets in the common stocks comprising SHPEI.

The Fund generally invests in substantially all of the common stocks comprising SHPEI and in approximately the same proportions as SHPEI. The Adviser expects that, over time, the correlation between the Funds performance and that of SHPEI, before fees and expenses, will be 95% or higher. However, there can be no guarantee that the Fund will achieve a high degree of correlation with SHPEI. A number of factors may affect the Funds ability to achieve a high correlation with SHPEI. For example, the performance of the Fund and SHPEI may diverge due to transaction costs, asset valuations, timing variances, and differences between the Funds portfolio and SHPEI resulting from legal restrictions (such as diversification requirements) that apply to the Fund but not to SHPEI. In addition, the Fund may invest in cash, cash equivalents, and money market instruments.

The Fund is diversified within the meaning of the Investment Company Act of 1940, as amended (the 1940 Act). Industry Concentration Policy. The Fund will concentrate its investments (i.e., invest 25% or more of the value of its total assets) in securities of issuers in any one industry or sector only to the extent that SHPEI reflects a concentration in that industry or sector. As of the date of this Prospectus, SHPEI is not concentrated.

BUY Costs and Fees

BUY costs about $80 per $10,000 invested per year in fund expenses.

• Net expense ratio: 0.80%
• Gross expense ratio: 0.95%
• Portfolio turnover: 75%
• Brokerage commissions: 3.05 bps of average net assets (SEC N-CEN)

BUY Cashflows

Over the 12 months to 2020-09, USCF SummerHaven SHPEI Index Fund had net inflows of $22.40M, from monthly SEC N-PORT filings.

BUY Debt Constituents

No individual debt constituents are reported in USCF SummerHaven SHPEI Index Fund's latest SEC N-PORT filing.

BUY Prospectus and SEC Filings

Official USCF SummerHaven SHPEI Index Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.

• Prospectus (485BPOS) — filed 2019-11-18
• Prospectus (485BPOS) — filed 2018-11-19
• Prospectus supplement (497) — filed 2019-08-15
• Portfolio holdings (N-PORT) — filed 2020-11-23
• Portfolio holdings (N-PORT) — filed 2020-08-24
• Portfolio holdings (N-PORT) — filed 2020-05-05
• Annual census (N-CEN) — filed 2020-09-14
• Annual census (N-CEN) — filed 2019-09-09

Related Funds

Other Money Market funds tracked on ABC INVEST:

• Emerald Growth Fund (HSPCX)
• Barings Active Short Duration Bond Fund (BXDIX)
• IVA Worldwide Fund (IVWAX)
• Stadion Tactical Growth Fund (ETFDX)
• BBH Partner Fund - Select Short Term Assets (BBSTX)

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.