SDCI

USCF SummerHaven Dynamic Commodity Strategy No K-1 Fund
*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

SDCI is functionally an index-tracking fund despite its active management label. It wants to follow the same benchmark as its sibling fund USCI. From a selection universe of more than twenty 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 have one representation from the following groups: petroleum, grains, industrial metals, and precious metals. 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. 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.

PERFORMANCE [as of 05/06/21] 1 MONTH 3 MONTHS YTD 1 YEAR 3 YEARS 5 YEARS 10 YEARS
SDCI 12.47% 18.13% 25.10% 61.05% -2.31% -- --
SDCI (NAV) 13.07% 19.63% 26.83% 60.65% -1.86% -- --
No Underlying Index -- -- -- -- -- -- --
S&P GSCI 10.74% 14.90% 26.06% 76.57% -3.41% 1.94% -6.95%
All returns over 1 year are annualized. All returns are total returns unless otherwise stated.

SDCI Summary Data

05/03/18
Open-Ended Fund
0.70%
$4.07M
$30.51K
0.90%

SDCI Portfolio Data

Futures
Optimized
N/A
3

SDCI Index Data

No Underlying Index
Equal
Technical
S&P GSCI

SDCI Portfolio Management

0.70%
--
--
--

SDCI Tax Exposures

20.00% / 39.60%
--
No

SDCI Fund Structure

Open-Ended Fund
No
No
N/A
N/A
High
Daily
Cboe Book Viewer
Top Of Book
Last 10 Trades
Bats BZX Real-time Quote -

SDCI Factset Analytics Block Liquidity

As of 05/07/21
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

1,649
$30.51K
686
$12.59K
0.90%
$0.17
-0.05%
1.31% / -1.20%
None
100.00%
50,000
0.01
--
--
0
$20.61
5

SDCI Top 10 Targeted Commodity Weights

55.98%
23.05%
20.97%
100.00%

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

0.42
0.39
--
--
0.00%