---
ticker: "USL"
name: "United States 12 Month Oil Fund"
url: "https://etf.net/etf/USL"
grade: "C"
score: 51
graded_at: "2026-10-12"
category: "Energy Futures"
category_rank: "5 of 11"
methodology: "https://etf.net/methodology"
---

# USL: United States 12 Month Oil Fund

Grade **C**, Score 51 of 100. Rank 5 of 11 in Energy Futures.

Graded Oct 12, 2026.

## Grade pillars

| Pillar | Score | Category rank |
| --- | --- | --- |
| Cost | 47 | 6 of 11 |
| Mission | Not scored | — |
| Risk | 71 | 2 of 11 |
| Tradability | 48 | 8 of 11 |
| Holdings | Not scored | — |
| Durability | 37 | 10 of 11 |

## Top holdings

The fund holds 17 positions. These are the largest 17, by weight.

| # | Ticker | Name | Weight |
| --- | --- | --- | --- |
| 1 | — | Drey Inst Pref Gov Mm Inst 6546 | 26.78% |
| 2 | — | Morgan Stanley Liq Govt Inst 8302 | 10.54% |
| 3 | — | Bny Cash Reserve | 6.70% |
| 4 | — | WTI CRUDE FUTURE Dec26 | 4.93% |
| 5 | — | WTI CRUDE FUTURE Jan27 | 4.88% |
| 6 | — | WTI CRUDE FUTURE Feb27 | 4.72% |
| 7 | — | WTI CRUDE FUTURE Apr27 | 4.69% |
| 8 | — | WTI CRUDE FUTURE Mar27 | 4.65% |
| 9 | — | WTI CRUDE FUTURE Jun27 | 4.56% |
| 10 | — | WTI CRUDE FUTURE May27 | 4.53% |
| 11 | — | WTI CRUDE FUTURE Jul27 | 4.49% |
| 12 | — | WTI CRUDE FUTURE Aug27 | 4.42% |
| 13 | — | WTI CRUDE FUTURE Sep27 | 4.36% |
| 14 | — | WTI CRUDE FUTURE Oct27 | 4.29% |
| 15 | — | WTI CRUDE FUTURE Nov27 | 4.23% |
| 16 | — | Treasury Bill 0 10/27/2026 | 1.13% |
| 17 | — | Treasury Bill 0 11/3/2026 | 1.13% |

Source: etf.net, https://etf.net/etf/USL. Please cite the page URL.