USCIUnited States Commodity Index Fund
USCI Fund Description
The United States Commodity Index Fund tracks an equal-weighted index of 14 commodity futures contracts selected based on their level of backwardation and price momentum.
USCI Factset Analytics Insight
USCI aims to be the ultimate contango killer. Each month, it picks the 7 commodities with the greatest backwardation (or least contango) and the 7 commodities with the greatest 12-month price momentum, with the caveat that it holds at least one precious metal, industrial metal, energy, livestock, soft, and grain commodity. From there, it equally weights the contract on each commodity with the greatest backwardation or least contango. Accordingly, USCI often bests our benchmark, at least with respect to impact from roll costs. USCI rarely looks like our benchmark, especially given how it often cuts energy severely, but those biases could change any month. USCI trades briskly, with small spreads for retail investors and perfect block liquidity. However, the fund isn't cheap to hold, which is typical of the futures-based commodity ETF space. Tracking can be volatile, and investors should note that USCI issues a K-1 at tax time.
USCI CHARTS AND PERFORMANCE
USCI Top 10 Holdings [View All]
USCI Summary Data
USCI Portfolio Data
USCI Index Data
USCI Portfolio Management
USCI Tax Exposures
USCI Fund Structure
USCI Factset Analytics Block Liquidity
This measurement shows how easy it is to trade a $1 million USD block of USCI. USCI is rated a 5 out of 5.
USCI SECTOR BREAKDOWN
USCI TOP 10 TARGETED COMMODITY WEIGHTS[View All]
USCI Tenor Strategy
USCI uses an optimized quantitative rules-based strategy for tenor selection.
USCI Rolling Strategy
USCI is rolled over the course of four days.