USCF Midstream Energy Income Fund
$59.23+0.30 (+0.52%)
- Expense ratio
- 0.85%
- Fund size
- $518M
- 1Y return
- +24.4%
- Yield · Last 12 months
- 6.06%
- Holdings
- 32
- Volume · 30D
- 0M sh
- NAV per share
- $59.50
- 52W range
The ETF.net UMI Grade
Score 33 of 100 sits in the D 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.FScore 13Category rankMission
How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.FScore 24Category rankRisk
How violently it can move — volatility, drawdown depth, and downside capture versus its category.AScore 77Category rankTradability
How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.FScore 16Category rankHoldings
What it actually owns — the quality, breadth, and concentration of the underlying portfolio.AScore 70Category rankDurability
Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.CScore 53Category rank
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
- 32
- 63%
- ET
Sectors
- Energy98.3%
- Financials1.6%
- Utilities0.1%
Geography
- United States75.25%
- Canada24.75%
UMI Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
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.
| Period | UMI |
|---|---|
| Year to date | +23.5% |
| 1 month | −3.0% |
| 3 months | +1.4% |
| 1 year | +24.4% |
| 3 years | +24.8% |
| 5 years | +21.8% |
| 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 | +23.5% | |
| 2025 | +5.1% | |
| 2024 | +43.0% | |
| 2023 | +14.6% | |
| 2022 | +21.3% | |
| 2021 | +20.6% |
UMI in the news
ETF.net Research hasn’t filed on UMI yet — coverage lands here as it’s written.
UMI Dividends
- 6.06%
- $3.57
- $0.46 per share
- Irregular
Distribution history
| Ex-date | Pay date | Amount per share |
|---|---|---|
| Aug 25, 2026 | Aug 27, 2026 | $0.46 |
| Jun 24, 2026 | Jun 26, 2026 | $0.07 |
| May 22, 2026 | May 27, 2026 | $0.48 |
| Apr 24, 2026 | Apr 28, 2026 | $0.03 |
| Mar 25, 2026 | Mar 31, 2026 | $0.18 |
| Feb 23, 2026 | Feb 25, 2026 | $0.46 |
| Jan 26, 2026 | Jan 28, 2026 | $0.11 |
| Dec 23, 2025 | Dec 26, 2025 | $1.22 |
| Nov 24, 2025 | Nov 26, 2025 | $0.46 |
| Oct 27, 2025 | Oct 29, 2025 | $0.04 |
| Sep 24, 2025 | Sep 26, 2025 | $0.07 |
| Aug 25, 2025 | Aug 27, 2025 | $0.41 |
UMI Risk
- 14.3%
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.
- 1.42
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
- The middle half of Oil & Gas Producers funds
- Median 0.39%
8 of the 10 Oil & Gas Producers funds charge less.