UGA
United States Gasoline Fund LPUGA Fund Description
UGA holds near-month NYMEX futures contracts on RBOB gasoline.
UGA Factset Analytics Insight
UGA offers viable exposure to gasoline prices, but it's not particularly cheap. The fund charges 72 bps annually, on par with other single-commodity funds. Fund assets aren't huge, but are sufficient to keep closure risk away. Still, the fund trades better than its AUM suggests with decent spreads and adequate volume holding down all-in costs. Like our benchmark, UGA holds near-month futures on RBOB gasoline traded on the NYMEX. UGA is structured as a commodities pool, so cap gains are taxed at a blended 60% long-term/40% short-term rate regardless of the holding period, and investors receive a K-1 at tax time. In all, UGA is a decent choice for gasoline exposure, which is fortunate given its status as the sole ETP in the space.
UGA CHARTS AND PERFORMANCE
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1 Month
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3 Months
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1 Year
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3 Years
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5 Years
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1 Month
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3 Months
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1 Year
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3 Years
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5 Years
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UGA Top 10 Holdings
UGA Summary Data
UGA Portfolio Data
UGA Index Data
UGA Portfolio Management
UGA Tax Exposures
UGA Fund Structure
UGA Factset Analytics Block Liquidity
This measurement shows how easy it is to trade a $1 million USD block of UGA. UGA is rated a 5 out of 5.
UGA Tradability
UGA SECTOR BREAKDOWN
UGA
UGA TOP 10 TARGETED COMMODITY WEIGHTS
UGA Tenor Strategy
UGA invests solely in front-month futures contracts. This means that the fund will be particularly sensitive to changes in spot prices, but may be priced higher or lower than spot, sometimes dramatically.
UGA Rolling Strategy
UGA is rolled over the course of one day.
UGA Performance Statistics
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