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Launched · SEC filings

USCF SummerHaven Dynamic Commodity Strategy No K-1 Fund

SDCINYSE ArcaC

$31.76+0.09 (+0.28%)

At close: Oct 13, 2026, 4:00 PM

C50/ 100

Rank 12 of 23 in Broad Commodity Futures

C50/100Rank 12 of 23inBroad Commodity Futures
Intraday session: up, 78 prints from 31.67 to 31.76. Range 31.63 to 31.76. Use the arrow keys to read each point.31.6331.6531.7031.7310 AM12 PM2 PM4 PM
Expense ratio
0.80%
Fund size
$819M
1Y total return
+46.0%
Yield · Last 12 months
2.56%
Holdings
35
Avg volume · 30D
0.3M sh
NAV per share
$31.70
52W range
low $21.97high $31.95
Launched
Filings
SEC EDGAR

The ETF.net SDCI Grade

Based on 5 of 6 pillars

C

Score 50 out of 100

Category
Broad Commodity Futures⁠
Rank
12 of 23
Six-pillar profile for SDCI. Scores out of 100: Cost 27, Risk 77, Mission not scored, Tradability 60, Holdings 63, Durability 58. Strongest: Risk (77). Weakest: Cost (27). Based on 5 of 6 pillars.

Score 50 of 100 falls in the C band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.

  • Cost

    The fund’s net expense ratio, ranked against its category.
    D27 out of 100
    Rank 17 of 23

  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    Not scored

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    A77 out of 100
    Rank 1 of 23

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    B60 out of 100
    Rank 8 of 23

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    B63 out of 100
    Rank 6 of 15

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    B58 out of 100
    Rank 11 of 23

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 Oct 13, 2026
Asset class
Bonds
Holdings
35
Top-10 weight
44%
Largest holding
Bny Cash Reserve10.1%

Geography

  • United States100.00%
The fund’s holdings, weight-ordered — page 1 of 3.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001—Bny Cash Reserve10.14%161,904,244$162M12
002—Us Dollars3.98%63,587,678$64M51
003—BRENT CRUDE FUTR Jan273.97%615$63M3
004—GASOLINE RBOB FUT Dec263.85%462$62M4
005—NY Harb ULSD Fut Dec263.80%315$61M2
006—WTI CRUDE FUTURE Dec263.79%652$61M4
007—COFFEE 'C' FUTURE Dec263.78%554$60M7
008—CATTLE FEEDER FUT Nov263.73%349$60M4
009—Low Su Gasoil G Dec263.69%430$59M2
010—COPPER FUTURE Dec263.61%342$58M2
011—Treasury Bill 0 12/31/20263.60%58,000,000$58M34
012—SOYBEAN MEAL FUTR Dec263.60%1,560$58M4
013—LEAN HOGS FUTURE Dec263.59%2,096$57M3
014—LME TIN FUTURE Nov263.55%213$57M2
015—Treasury Bill 0 12/29/20263.54%57,000,000$57M9

Showing 1–15 of 35 holdings

SDCI Performance

Launched May 3, 2018

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

Not enough history yet.
SDCI$14,597
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$12,044
Oct 10, 2025 to Oct 12, 2026. SDCI $14,597. SPY $12,044. Use the arrow keys to read each point.$9,371$12,234$15,098Oct 2025Apr 2026Oct 2026

Oct 10, 2025 – Oct 12, 2026

Returns run to the Oct 12, 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+43.8%
1 month+0.5%
3 months+15.8%
1 year+46.0%
3 yearsper year+25.1%
5 yearsper year+21.9%
10 yearsFund is under 10 years oldper 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+43.8%
2025+17.5%
2024+18.0%
2023−0.9%
2022+32.8%
2021+36.5%
2020−10.6%

SDCI in the news

Filtered to SDCI · Broad Commodity Futures

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 Oct 12, 2026.
2.56%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.
12.8%
Annualised · 36 months to Sep 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.
1.35
vs 3-month T-bills · to Sep 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 0.70%

15 of the 22 Broad Commodity Futures funds charge less.

SDCI costs $80.00 a year on $10,000. The median Broad Commodity Futures fund costs $70.50.

Other funds in Broad Commodity Futures

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