United States Gasoline Fund, LP

Frequently Asked Questions About UGA

What does UGA invest in?

United States Gasoline Fund, LP is an exchange traded fund launched and managed by United States Commodity Funds LLC. The fund invests in the commodity markets of the United States. It invests through derivatives in gasoline, other types of gasoline, crude oil, diesel-heating oil, natural gas and other petroleum-based fuels. The fund employs market neutral strategy and uses derivatives such as futures to create its portfolio. The fund seeks to track the daily changes in percentage terms of the spot price of gasoline traded on the New York Mercantile Exchange. United States Gasoline Fund, LP was formed on February 26, 2008 and is domiciled in the United States.

What is the expense ratio of UGA?

United States Gasoline Fund, LP (UGA) charges an expense ratio of 1.08%. This is the annual fee deducted from fund assets to cover management and operations.

How big is UGA?

United States Gasoline Fund, LP (UGA) manages $170.0M 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 UGA actively managed or an index fund?

UGA 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 (UGA's is 1.08%) because there's no security selection cost.

When was UGA launched?

United States Gasoline Fund, LP (UGA) launched in February 2008 and is managed by USCF.

How has UGA performed?

UGA'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.