USCF Gold Strategy Plus Income Fund
$32.70−0.36 (−1.09%)
- Expense ratio
- 0.45%
- Fund size
- $8M
- 1Y return
- +11.1%
- Yield · Last 12 months
- 28.81%
- Volume · 30D
- 0M sh
- NAV per share
- $32.98
- 52W range
The ETF.net USG Grade
Score 66 of 100 sits in the B 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.AScore 100Category rankMission
How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.Not scoredRisk
How violently it can move — volatility, drawdown depth, and downside capture versus its category.CScore 40Category rankTradability
How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.DScore 37Category rankHoldings
What it actually owns — the quality, breadth, and concentration of the underlying portfolio.Not scoredDurability
Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.DScore 37Category rank
Our read on USG
BGold with a paycheck attached. USG holds claims on real gold bars plus collateralized futures, sells call options against that gold, and distributes quarterly, at one of the lowest fees in the commodity-futures crowd.
The Fund seeks long-term results that generally correspond to gold-price performance while generating dividend income from selling gold call options and collateral interest. It obtains gold exposure through gold warrants, collateralized futures, and related derivatives.
Why people hold it
- At 0.45% a year it charges well under the 0.79% cohort median, and less than top-ranked commodity peers PDBC, SOYB and WEAT.
- Gold that throws off cash: the fund writes call options against its gold exposure and earns collateral interest, then pays shareholders quarterly.uscfinvestments.com
- Exposure comes via COMEX gold warrants (ownership claims on bars in licensed depositories) and fully collateralized futures, actively run through a Cayman subsidiary capped at 25% of assets.secure.alpsinc.com
- USCF states the fund delivers its gold-plus-income strategy without a K-1, sparing the tax-form headache common to commodity products.uscfinvestments.comsecure.alpsinc.com
Worth knowing
- Covered calls swap upside for income. Above the strike plus premium collected, further gold gains go to the option buyer, while the fund keeps the downside if gold slides.secure.alpsinc.com
- A small fund that trades thinly, so bid-ask spreads can run wider than on the household-name gold ETFs.
- Payouts can include return of capital, meaning part of a distribution may be capital coming back rather than income the fund earned.
USG Holdings
- Other
- —
- 101%
- GOLD 100 OZ FUTR DEC26
USG 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 | USG |
|---|---|
| Year to date | −3.2% |
| 1 month | −5.2% |
| 3 months | +0.2% |
| 1 year | +11.1% |
| 3 years | +25.0% |
| 5 years | — |
| 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 | USG |
|---|---|---|
| 2026 YTD | −3.2% | |
| 2025 | +51.5% | |
| 2024 | +23.6% | |
| 2023 | +8.5% | |
| 2022 | +2.1% | |
| 2021 | +3.1% |
USG in the news
ETF.net Research hasn’t filed on USG yet — coverage lands here as it’s written.
USG Dividends
- 28.81%
- $9.52
- $0.17 per share
- Quarterly
Distribution history
| Ex-date | Pay date | Amount per share |
|---|---|---|
| Sep 21, 2026 | Pays Sep 23, 2026 | $0.17 |
| Jun 18, 2026 | Jun 23, 2026 | $0.25 |
| Mar 20, 2026 | Mar 24, 2026 | $0.19 |
| Dec 22, 2025 | Dec 23, 2025 | $8.92 |
| Sep 22, 2025 | Sep 23, 2025 | $0.21 |
| Jun 20, 2025 | Jun 23, 2025 | $0.21 |
| Mar 19, 2025 | Mar 20, 2025 | $0.16 |
| Dec 23, 2024 | Dec 24, 2024 | $0.33 |
| Sep 20, 2024 | Sep 23, 2024 | $1.59 |
| Jun 20, 2024 | Jun 21, 2024 | $0.09 |
| Mar 19, 2024 | Mar 22, 2024 | $0.17 |
| Dec 19, 2023 | Dec 22, 2023 | $0.80 |
USG Risk
- 16.6%
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.
- 1.20
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.
- −24.8%
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.
- 0.28
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
USG Cost
- The middle half of Commodity Futures funds
- Median 0.79%
No Commodity Futures fund charges less.