USL

United States 12 Month Oil Fund LP
B

N/A
  • Overview
  • Efficiency
  • Tradability
  • Fit

USL Fund Description

The United States 12 Month Oil Fund tracks light, sweet crude oil spot prices using an average of the 12 nearest-month NYMEX WTI crude oil futures contracts.

USL Factset Analytics Insight

USL doesn't measure up in size and liquidity to its big sister USO—few funds do—but it brings an alternative futures strategy to the table that's had some success. USL has a viable asset base and trades with adequate liquidity in retail quantities. While USO excels in both areas, USL offers 12 reasons to choose it instead. In an effort to beat contango—the decay of exposure to oil when the futures curve is upsloping—the fund takes a position in 12 different futures contracts, one for each upcoming month. In contrast, USO (and our benchmark) puts all its eggs in the near-month basket, making it more sensitive to contango. The tradeoff: USL has less sensitivity to short-term moves in spot oil.

  • 1 Month
  • 3 Months
  • YTD
  • 1 Year
  • 3 Years
  • 5 Years
  • Max
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USL Top 10 Contracts View All

USL Summary Data

12/06/07
Commodities Pool
0.71%
$96.21M
$1.21M
0.17%

USL Portfolio Data

Futures
Laddered
N/A
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USL Index Data

Single Asset
Single Asset
S&P GSCI Crude Oil Index

Related ETFs to USL

USO, OIL, BNO, OILB, OIIL
Total Return
  • 1 Month
  • 3 Months
  • YTD
  • 1 Year
  • 3 Years
  • 5 Years
  • Max

USL Portfolio Management

0.71%
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--
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USL Tax Exposures

27.84%
--
Yes

USL Fund Structure

Commodities Pool
No
N/A
N/A
N/A
Low
Daily
Bats Book Viewer
TOP OF BOOK
SHARES/SIZEPRICE
ASKS----
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BIDS----
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LAST 10 TRADES
TIMEPRICESHARES
14:25:4319.74200
13:48:3519.72100
13:28:4319.71300
13:25:3419.71100
12:50:4319.74100
12:42:5119.75300
12:38:5619.75100
12:35:3919.76200
11:58:2219.791,000
11:58:2219.791,300
Bats BZX Real-time Quote - 17:08:16
Daily Spread
Premium/Discount
Volume

USL Factset Analytics Block Liquidity

As of 11/21/17
5
4
3
2
1

This measurement shows how easy it is to trade a $1 million USD block of USL. USL is rated a 5 out of 5.

USL Tradability

64,977
$1.21M
53,907
$1.03M
0.17%
$0.03
-0.11%
0.81% / -1.3%
None
100%
50,000
1.08
0.04%
--
573
$19.74
5

USL Performance Statistics

0.96
0.85
0.87
0.89
0%

USL Rolling Strategy

USL is rolled over the course of one day.