USL United States 12 Month Oil Fund LP
USL Fund Description
USL 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 offers an alternative method of exposure to oil in a viable vehicle. The fund brings an alternative futures strategy to the table that's had some success. In an effort to beat contango the decay of exposure to oil when the futures curve is up sloping the fund takes a position in 12 different futures contracts, one for each upcoming month. This will mean it will have less sensitivity to short-term moves in spot oil. Investors should consider using limit orders to manage spreads. USL’s legal structure isn’t unusual in the commodities space, but it does change the tax structure and result in a K-1 at tax time.
USL Summary Data
USL Portfolio Data
USL Index Data
USL Portfolio Management
USL Tax Exposures
USL Fund Structure
USL Factset Analytics Block Liquidity
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 Sector Breakdown
USL Top 10 Targeted Commodity Weights
USL Tenor Strategy
USL's laddered strategy invests in the nearest 12 forward contracts on the WTI curve.
USL Rolling Strategy
USL is rolled over the course of one day.