UDI Fees and Costs — USCF Dividend Income Fund
Data updated: 2026-09-11
The net expense ratio is 0.65%. There are no sales loads or redemption fees. In fiscal 2026 the fund paid $1K in broker commissions, 0.0241% of average net assets, and portfolio turnover was 24%.
UDI Fees and Expenses
Annual operating expenses and sales charges of UDI. Prospectus, as of October 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.65% |
| 12b-1 fee | — |
| Other expenses | 0.00% |
| Gross expense ratio | 0.65% |
| Fee waiver | — |
| Net expense ratio | 0.65% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | No |
| Fees waived or reduced during the year | No |
| Waived fees subject to recoupment | No |
UDI Costs Over Time
On $10,000 invested in UDI, assuming 5% a year before costs, total costs come to $424 over 5 years, cutting the return by 0.71% a year. Illustration, not a forecast: it assumes today's net expense ratio throughout (a fee waiver may end).
| $10,000 invested | Sell after 1 year | Sell after 3 years | Sell after 5 years |
|---|---|---|---|
| Value before costs | $10,500 | $11,576 | $12,763 |
| Fund expenses (net expense ratio 0.65%) | $68 | $214 | $372 |
| Trading costs (broker commissions) | $3 | $8 | $14 |
| Lost growth on money paid in costs | $0 | $11 | $39 |
| Total costs | $71 | $233 | $424 |
| Value after costs | $10,429 | $11,344 | $12,338 |
| Impact on return, per year | 0.71% | 0.71% | 0.71% |
UDI Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending June 30, 2026.
- Explicit cost rate (commissions ÷ average net assets): 0.0241%
- Total broker commissions: $1K
- Bought from dealers (principal trades, not a cost): $9.1M
- Portfolio turnover (prospectus): 24%
- Securities lending: none during the year
UDI Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| MISCHLER FINANCIAL GROUP, INC. | $1K | 100.00% |
UDI Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| VIRTU AMERICAS LLC | $3.4M | 37.02% |
| BOFA SECURITIES, INC. | $2.4M | 26.65% |
| GOLDMAN SACHS & CO. LLC | $2.3M | 25.12% |
| J.P. Morgan Securities LLC | $1.0M | 11.20% |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.