USCF Gold Strategy Plus Income Fund
$31.62−0.10 (−0.33%)
- 0.45%
- $10M
- +1.0%
- 30.03%
- 0M sh
- $31.77
- low $31.15high $44.18
The ETF.net USG Grade
B
Score 63 out of 100
- 4 of 15
Score 63 of 100 falls in the B 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.A100 out of 100Rank 1 of 15Mission
Whether the fund did what it promised, tested against its stated mandate.Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.D38 out of 100Rank 11 of 15Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.F23 out of 100Rank 13 of 15Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.C41 out of 100Rank 12 of 15
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
- 3
- 100%
- Bny Cash Reserve
USG 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.Not enough history yet.
USG$10,100
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 | USG |
|---|---|
| Year to date | −7.1% |
| 1 month | −3.9% |
| 3 months | −2.0% |
| 1 year | +1.0% |
| 3 years | +24.5% |
| 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 | −7.1% | |
| 2025 | +51.5% | |
| 2024 | +23.6% | |
| 2023 | +8.5% | |
| 2022 | +2.1% | |
| 2021 | +3.1% |
USG in the news
USG Dividends
- 30.03%
- $9.52
- $0.17 per share
- Quarterly
Distribution history
USG Risk
- 16.8%
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.
- −25.2%
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
0.45%
USG0.45%
- The middle half of Commodity Futures funds
- Median 0.79%
No Commodity Futures fund charges less.
Other funds in Commodity Futures
- ASOYBTeucrium Soybean FundExpense ratio 0.63%1 year return +27.4%
- AWEATTeucrium Wheat FundExpense ratio 0.62%1 year return +21.1%
- BDBBInvesco DB Base Metals FundExpense ratio 0.81%1 year return +24.1%
- BEVMTInvesco Electric Vehicle Metals Commodity Strategy No K-1 ETFExpense ratio 0.74%1 year return +16.0%
- CHARDSimplify Commodities Strategy No K-1 ETFExpense ratio 0.78%1 year return +17.3%