USCF SummerHaven SHPEI Index Fund

Frequently Asked Questions About BUY

What does BUY invest in?

The investment seeks to track the price and yield performance, before fees and expenses, of the SummerHaven Private Equity Strategy IndexSM ("SHPEI"). Under normal market conditions, the fund generally invests substantially all, but at least 80%, of its total assets in the common stocks comprising SHPEI. It generally invests in substantially all of the common stocks comprising SHPEI and in approximately the same proportions as SHPEI. SHPEI attempts to replicate the long-term (i.e., 10 years or more) return characteristics of diversified private equity allocations.

What is the expense ratio of BUY?

USCF SummerHaven SHPEI Index Fund (BUY) charges an expense ratio of 0.80%. This is the annual fee deducted from fund assets to cover management and operations.

How big is BUY?

USCF SummerHaven SHPEI Index Fund (BUY) manages $805,121 in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure — funds below ~$50M are at higher risk of liquidation.

Is BUY actively managed or an index fund?

BUY is a passive index fund — it tracks a published benchmark by holding the constituents in their published weights. Index funds typically charge low expense ratios (BUY's is 0.80%) because there's no security selection cost.

When was BUY launched?

USCF SummerHaven SHPEI Index Fund (BUY) launched in December 2017 and is managed by the fund issuer.

How has BUY performed?

BUY's total return — price change plus reinvested distributions — is charted at the top of this page. Switch the price chart to Total Return and pick a 1-year, 3-year, 5-year, or 10-year window to read the compound annual growth rate (CAGR) over each horizon.