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SDCI

GradeCNew York Stock Exchange Arca

USCF SummerHaven Dynamic Commodity Strategy No K-1 Fund

Commodities · USCF · Inception 2018-05-03 · SEC filings

$31.57+0.20 (+0.62%)

As of Sep 23, 2026, 3:09 PM EDT

Intraday session: up, 69 prints from 31.38 to 31.57. Range 31.32 to 31.64. Use the arrow keys to read each point.$31.30$31.40$31.5010 AM12 PM2 PM4 PM
Expense ratio
0.80%
Fund size
$789M
1Y return
+42.9%
Yield · Last 12 months
2.58%
Volume · 30D
0.3M sh
NAV per share
$31.34
52W range
low $21.97high $31.94

The ETF.net SDCI Grade

C

49/ 100

Rank 12 of 23 in Broad Commodity Futures⁠

Confidence Medium

Six-pillar profile for SDCI. Scores out of 100: Cost 27, Risk 76, Mission not scored, Tradability 56, Holdings 63, Durability 57. Strongest: Risk (76). Weakest: Cost (27). Based on 5 of 6 pillars.
F< 25
D≥ 25
C≥ 40
B≥ 55
A≥ 70

Score 49 of 100 sits in the C band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E.

  • Cost

    What you pay to own it — the expense ratio plus trading frictions, ranked within its category.
    DScore 27
    Category rank17/23 · mid-pack

  • Mission

    How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.
    Not scored
    —

  • Risk

    How violently it can move — volatility, drawdown depth, and downside capture versus its category.
    AScore 76
    Category rank3/23 · top 13%

  • Tradability

    How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.
    BScore 56
    Category rank10/23 · top 43%

  • Holdings

    What it actually owns — the quality, breadth, and concentration of the underlying portfolio.
    BScore 63
    Category rank5/15 · top 33%

  • Durability

    Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.
    BScore 57
    Category rank11/23 · top 48%

Graded as of Sep 22, 2026 · Based on 5 of 6 pillars

Our read on SDCI

ETF.net Research

CMost broad commodity funds hold a fixed, production-weighted basket. SDCI rebuilds every month, keeping the 14 futures showing the deepest backwardation, equally weighted. A roll-yield strategy in a No K-1 wrapper.

Stated mandate

The Fund seeks long-term total return through exposure to a diversified group of commodities, primarily using futures contracts and related instruments.

Why people hold it

  1. 01The index rebuilds monthly, keeping the 14 most backwardated of 27 eligible commodity futures at equal notional weight. It hunts roll yield instead of ranking commodities by production size.sec.gov
  2. 02The rules force all four primary sectors (petroleum, grains, industrial metals, precious metals) into the lineup, so the monthly rotation cannot pile entirely into one corner.sec.gov
  3. 03The name is the structure: a 1940 Act fund rather than a commodity partnership, so holders skip the Schedule K-1 paperwork that older futures funds hand out.
  4. 04Running since 2018 with assets in the hundreds of millions and moderate daily volume, it is an established option rather than a launch-week experiment.

Worth knowing

  1. 01At 0.80% a year it sits above the typical broad commodity fund; plain-index rivals such as BCI (0.26%) and CMDY (0.29%) charge a fraction of that.
  2. 02It is actively managed, seeking exposure that corresponds to the SummerHaven index rather than replicating it, so fund and index can part ways.sec.gov
  3. 03Fourteen equal-weight slots and a monthly reshuffle mean sector weights swing widely, and a backwardation screen can leave headline commodities out of the basket.sec.gov

SDCI Holdings

As of Sep 20, 2026, 6:39 AM
Asset class
Bonds
Holdings
—
Top-10 weight
47%
Largest holding
BNY CASH RESERVE12.3%

Geography

  • United States100.00%
The fund’s holdings, weight-ordered — page 1 of 3.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001—BNY CASH RESERVE12.31%189,542,314$190M13
002—Low Su Gasoil G Dec264.26%485$66M2
003—NY Harb ULSD Fut Dec264.14%331$64M2
004—GASOLINE RBOB FUT Nov264.09%460$63M6
005—WTI CRUDE FUTURE Dec264.04%676$62M4
006—BRENT CRUDE FUTR Jan274.00%642$62M2
007—TREASURY BILL 0 12/31/20263.73%58,000,000$57M27
008—TREASURY BILL 0 12/29/20263.66%57,000,000$56M7
009—CATTLE FEEDER FUT Oct263.56%339$55M5
010—LIVE CATTLE FUTR Oct263.54%631$54M2
011—LME PRI ALUM FUTR Jan273.53%661$54M2
012—LME ZINC FUTURE Nov263.51%547$54M3
013—SOYBEAN OIL FUTR Dec263.48%1,309$54M2
014—COPPER FUTURE Dec263.48%320$54M3
015—TREASURY BILL 0 12/22/20263.47%54,000,000$53M7

Showing 1–15 of 37 holdings

SDCI Performance

Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.

SDCI$14,286
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,723
Sep 22, 2025 to Sep 22, 2026. SDCI $14,286. SPY $11,723. Use the arrow keys to read each point.$9,132$12,027$14,922Sep 2025Mar 2026Sep 2026

Sep 22, 2025 – Sep 22, 2026

Returns run to the Sep 22, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.

Trailing total return for SDCI. Periods over one year show the average yearly return.
PeriodSDCI
Year to date+42.4%
1 month+3.2%
3 months+18.4%
1 year+42.9%
3 years+23.0%per year
5 years+23.2%per year
10 yearsFund is under 10 years old—per year

As of the close, with distributions reinvested.

Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.

Annual total returns for SDCI
YearReturn barSDCI
2026 YTD+42.4%
2025+17.5%
2024+18.0%
2023−0.9%
2022+32.8%
2021+36.5%
2020−10.6%

SDCI in the news

SDCI Dividends

Adds up every distribution paid per share over the last 12 months, divided by the last completed close. Distributions are counted by ex-date. Data through Sep 22, 2026.
2.58%Last 12 months
Payout per share
$0.81Last 12 months
Last payment
$0.81 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Annual

Distribution history

2018–2026

One bar per payment. 19 payments from 2018 to 2026 YTD. Jun 26, 2018 $0.02; Sep 25, 2018 $0.05; Dec 26, 2018 $0.05; Mar 26, 2019 $0.05; Jun 25, 2019 $0.05; Sep 25, 2019 $0.04; Dec 26, 2019 $0.03; Mar 26, 2020 $0.03; Sep 27, 2021 $1.78; Dec 28, 2021 $1.78; Oct 12, 2022 $3.15; Dec 13, 2022 $2.91; Dec 27, 2022 $0.04; Mar 21, 2023 $0.09; Jun 20, 2023 $0.17; Sep 19, 2023 $0.13; Dec 19, 2023 $0.21; Dec 27, 2024 $1.15; Dec 22, 2025 $0.81. Use the arrow keys to read each point.201820192020202120222023202420252026YTD
Ex-datePay dateAmount per share
Dec 22, 2025Dec 23, 2025$0.81
Dec 27, 2024Dec 31, 2024$1.15
Dec 19, 2023Dec 22, 2023$0.21
Sep 19, 2023Sep 22, 2023$0.13
Jun 20, 2023Jun 23, 2023$0.17
Mar 21, 2023Mar 24, 2023$0.09
Dec 27, 2022Dec 30, 2022$0.04
Dec 13, 2022Dec 16, 2022$2.91
Oct 12, 2022Oct 14, 2022$3.15
Dec 28, 2021Dec 31, 2021$1.78
Sep 27, 2021Sep 30, 2021$1.78
Mar 26, 2020Mar 31, 2020$0.03

SDCI Risk

How much the fund’s monthly returns vary, scaled to a year.
12.9%
Annualised · 36 months to Aug 2026
How it’s calculated: standard deviation

The sample standard deviation of monthly total returns, multiplied by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.

Return above 3-month US Treasury bills per unit of volatility.
1.30
vs 3-month T-bills · to Aug 2026
How it’s calculated: Sharpe ratio

Subtract each month’s Treasury-bill return from the fund’s monthly total return.

Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.

The largest fall from a peak to the low that followed.
−18.5%
Trough Jul 2022
How it’s calculated: maximum drawdown

The largest percentage decline from an earlier peak, using total returns with reinvested distributions.

Uses up to five years through the last close, with at least 12 months required.

How strongly the fund’s returns move with its asset-class index.
0.81
vs its asset-class index
How it’s calculated: beta

The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.

SDCI Cost

Expense ratio0.80%
  • The middle half of Broad Commodity Futures funds
  • Median 0.72%

14 of the 21 Broad Commodity Futures funds charge less.

SDCI costs $80.00 a year on $10,000. The median Broad Commodity Futures fund costs $72.00.