USCF Midstream Energy Income Fund
$59.43+0.44 (+0.75%)
- 0.85%
- $523M
- +28.4%
- 6.00%
- 0M sh
- $58.87
- low $47.74high $64.77
The ETF.net UMI Grade
D
Score 33 out of 100
- 10 of 11
Score 33 of 100 falls in the D 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.F13 out of 100Rank 10 of 11Mission
Whether the fund did what it promised, tested against its stated mandate.F24 out of 100Rank 5 of 6Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.A78 out of 100Rank 3 of 11Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.F19 out of 100Rank 9 of 11Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.B63 out of 100Rank 5 of 11Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.C50 out of 100Rank 7 of 11
Our read on UMI
DMost pipeline funds are index machines. UMI is a stock picker: sub-adviser Miller/Howard runs a concentrated book of US and Canadian midstream names, with current income as the stated first job and a payout that lands monthly.
The Fund seeks a high level of current income and, secondarily, capital appreciation. It actively invests at least 80% of net assets in equity securities of U.S. and Canadian midstream energy companies.
Why people hold it
- Actively managed, not index-tracking. Miller/Howard screens midstream companies on income, distribution coverage, leverage and contract quality, and holds roughly 30 of them.uscfinvestments.com
- Current income is the declared primary objective and capital appreciation the secondary one, and the cash goes out monthly rather than quarterly.
- Canada is written into the mandate, not treated as a footnote: at least 80% of net assets go to equity in US and Canadian midstream companies of any size.uscfinvestments.com
- Direct MLP exposure is capped at 25% of total assets, the line that keeps the fund taxed as a regulated investment company instead of as a corporation.uscfinvestments.com
Worth knowing
- Stock picking carries a price: the 0.85% expense ratio runs well above the median for its oil and gas cohort, where XOP and IEO sit near 0.35%.
- It trades thinly next to the big energy ETFs, so spreads can be wider and sizable orders need more care at the screen.
- About 30 names inside one slice of one sector, and the fund discloses that distributions can include return of capital, which reduces your cost basis.
UMI Holdings
- Stocks
- 24
- 64%
- ET
Sectors
- Energy99.4%
- Utilities0.6%
Geography
- United States75.42%
- Canada24.58%
UMI Performance
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.
UMI$12,837
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.
| Period | UMI |
|---|---|
| Year to date | +24.0% |
| 1 month | −2.5% |
| 3 months | −0.5% |
| 1 year | +28.4% |
| 3 years | +24.6% |
| 5 years | +19.5% |
| 10 years | — |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | UMI |
|---|---|---|
| 2026 YTD | +24.0% | |
| 2025 | +5.1% | |
| 2024 | +43.0% | |
| 2023 | +14.6% | |
| 2022 | +21.3% | |
| 2021 | +20.6% |
UMI in the news
UMI Dividends
- 6.00%
- $3.54
- $0.04 per share
- Monthly
Distribution history
UMI Risk
- 15.5%
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.
- 1.15
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.
- −20.1%
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.
- 0.31
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
UMI Cost
0.85%
UMI0.85%
- The middle half of Oil & Gas Producers funds
- Median 0.39%
8 of the 10 Oil & Gas Producers funds charge less.
Other funds in Oil & Gas Producers
- BFTXNFirst Trust Nasdaq Oil & Gas ETFExpense ratio 0.60%1 year return +56.5%
- CTPYPTortoise North American Pipeline ETFExpense ratio 0.40%1 year return +23.7%
- CIEZiShares U.S. Oil Equipment & Services ETFExpense ratio 0.37%1 year return +53.3%
- DPXEInvesco Energy Exploration & Production ETFExpense ratio 0.67%1 year return +59.4%
- DAMZAInfraCap MLP ETFExpense ratio 1.72%1 year return +38.7%