SDCI

USCF SummerHaven Dynamic Commodity Strategy No K-1 Fund
D

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*Unless otherwise stated, data provided by FactSet.

SDCI Fund Description

SDCI is a broad-market commodity fund that holds an equally weighted portfolio of 14 commodity futures contracts. Contracts are chosen for optimal backwardation and price momentum.

SDCI Factset Analytics Insight

Like many “K-1 free” commodity funds, SDCI is functionally an index-tracking fund, despite its active management label. The fund generally aims to follow its benchmark—the same broad-market index tracked by sister fund USCI. From a selection universe of more than twenty different commodities, the index chooses seven with the highest degree of backwardation (or lowest contango) and seven more that have shown the greatest 12-month price momentum, with the caveat that the portfolio must include at least one precious metal, industrial metal, energy, livestock, soft, and grain. For each commodity, the index selects the contract with the greatest backwardation in an attempt to mitigate roll costs. The 14 contracts are equally weighted, with monthly reconstitution and rebalancing. SDCI charges an average fee for a broad-based commodity fund. The fund is organized as an open-ended ETF, so does not issue a K-1 at tax time. To avoid regulation as a commodity pool, the fund gets its futures exposure through a Cayman Islands subsidiary, a common workaround in the commodity ETF space.

SDCI MSCI ESG Analytics Insight

USCF SummerHaven Dynamic Commodity Strategy No K-1 Fund has an MSCI ESG Fund Rating of undefined based on a score of 6.89 out of 10. The MSCI ESG Fund Rating measures the resiliency of portfolios to long-term risks and opportunities arising from environmental, social, and governance factors. ESG Fund Ratings range from best (AAA) to worst (CCC). Highly rated funds consist of companies that tend to show strong and/or improving management of financially relevant environmental, social and governance issues. These companies may be more resilient to disruptions arising from ESG events.

The fund’s Peer Rank reflects the ranking of a fund’s MSCI ESG Fund Quality Score against the scores of other funds within the same peer group, as defined by the Thomson Reuters Lipper Global Classification. USCF SummerHaven Dynamic Commodity Strategy No K-1 Fund ranks in the 91st percentile within its peer group and in the 100th percentile within the global universe of all funds covered by MSCI ESG Fund Ratings.

SDCI CHARTS AND PERFORMANCE

Price Chart ($)
Total Return Chart (%)
  • 1 Month
  • 3 Months
  • YTD
  • 1 Year
  • 3 Years
  • 5 Years
  • Max
  • 1 Month
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COMPARE
RESET
Select ETFs to compare their performance:
PERFORMANCE [as of 08/21/19] 1 MONTH 3 MONTHS YTD 1 YEAR 3 YEARS 5 YEARS 10 YEARS
SDCI -3.85% -7.68% -6.98% -15.48% -- -- --
SDCI (NAV) -3.52% -7.48% -6.77% -15.54% -- -- --
No Underlying Index -- -- -- -- -- -- --
S&P GSCI -3.41% -8.81% 7.48% -11.05% 0.48% -12.82% -5.85%
All returns over 1 year are annualized. All returns are total returns unless otherwise stated.

SDCI Summary Data

05/03/18
Open-Ended Fund
0.60%
$5.24M
$20.25K
0.35%

SDCI Portfolio Data

Futures
Optimized
N/A
14

SDCI Index Data

No Underlying Index
Equal
Technical
S&P GSCI

SDCI Portfolio Management

0.60%
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SDCI Tax Exposures

20.00% / 39.60%
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No

SDCI Fund Structure

Open-Ended Fund
No
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N/A
N/A
High
Daily
Cboe Book Viewer
TOP OF BOOK
LAST 10 TRADES
Bats BZX Real-time Quote -
Daily Spread
Premium/Discount
Volume

SDCI Factset Analytics Block Liquidity

As of 08/22/19
5
4
3
2
1

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

SDCI Tradability

939
$20.25K
300
$6.70K
0.35%
$0.06
-0.05%
2.33% / -1.09%
None
100.00%
50,000
0.01
0.04%
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$17.47
5

SDCI TOP 10 TARGETED COMMODITY WEIGHTS[View All]

22.32%
15.72%
14.31%
13.35%
4.73%
3.80%
3.79%
2.84%
2.04%
1.90%
84.8%

SDCI Tenor Strategy

Contracts are optimized for the highest degree of backwardation and will vary in tenor during every rebalance

SDCI Rolling Strategy

Contracts are rolled over the last four business days of each month

SDCI Performance Statistics

0.68
0.42
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0.00%

SDCI MSCI ESG Ratings

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6.89 / 10
100.00
90.97
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