What is USOI?

USOI offers the returns of a covered call strategy on a front-month oil futures ETF.

PERFORMANCE [as of 01/20/23] 1 MONTH 3 MONTHS YTD 1 YEAR 3 YEARS 5 YEARS 10 YEARS
USOI 5.73% -1.62% 0.78% 4.00% -19.50% -- --
USOI (NAV) 5.78% -2.07% 0.82% 4.33% -16.07% -10.46% --
S&P GSCI Crude Oil 7.14% -1.89% 1.64% 13.22% -4.58% -3.26% -10.77%
All returns over 1 year are annualized. All returns are total returns unless otherwise stated.

USOI Factset Analytics Insight

USOI adds a twist to the crude oil segment by extracting income from oil futures exposure. The ETN provides the return of USCF’s popular front-month oil ETF, USO, coupled with a notional short position in USO calls expiring the next month with strike prices 6% out of the money. The strategy adds yield and lowers volatility compared to owning USO outright, but at the cost of upside participation. Therefore, USOI is likely to perform very differently from crude oil futures. USOI aims to distribute yield monthly, typical of an ETN.

USOI Summary Data

04/25/17
0.85%
$355.11M
Credit Suisse NASDAQ WTI Crude Oil FLOWS 106 Index
S&P GSCI Crude Oil
Exchange-Traded Note

Peers

S&P GSCI Crude Oil

Fund Flows

+$0.00B 5 Days
-$0.00B 30 Days
-$0.03B 90 Days

USOI Portfolio Data

Futures
Front Month
Monthly
--

USOI Index Data

Credit Suisse NASDAQ WTI Crude Oil FLOWS 106 Index
Fixed
Fixed
S&P GSCI Crude Oil

USOI Portfolio Management

0.85%
--
--
--

USOI Tax Exposures

20.00% / 39.60%
--
No

USOI Fund Structure

Exchange-Traded Note
Yes
N/A
Credit Suisse Group AG
High
Medium
None

Factset Analytics Block Liquidity

As of 01/23/23

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

USOI Tradability

57,512
$4.71M
51,296
$4.18M
0.27%
$0.22
0.07%
1.81% / -2.74%
None
100.00%
50,000
1.03
0.00%
--
0
$84.04
5

USOI Performance Statistics

0.78
0.57
--
--
0.00%

USOI Tenor Strategy

USOI's index holds futures contract that is the near month contract to expire.

USOI Rolling Strategy

USOI rolls its monthly exposure on the 10th day prior to expiration, over the next five consecutive days.