United States Commodity Funds (USCF) is lowering the management fees of three of its exchange-traded products ETPs.
In May of 2014, the company issued a contractual fee waiver through 31 December, 2015 and now believes that permanently reducing the funds management fees will demonstrate that these funds were designed with the buy-and-hold investor in mind.
With the newly reduced fees, the maximum management fee for the United States Commodity Index Fund (USCI) will be 0.80 per cent. For United States Copper Index Fund (CPER) and United States Agriculture Index Fund (USAG), the maximum management fee will be 0.65 per cent.
"We think our investors value how USCI stacks up against its peers," says John Love, USCF's President and Chief Executive Officer. "We want to reward the commitment of those investors seeking a commodity allocation."
The United States Commodity Index Fund (USCI) is an exchange-traded product that seeks to track, in percentage terms, the price movements of the SummerHaven Dynamic Commodity Index Total Return. USCI is designed to be a convenient, cost-effective way for investors to access the returns of a portfolio of commodities futures contracts and is listed on the NYSE Arca.
The United States Copper Index Fund (CPER) is an exchange-traded product that seeks to track the performance of the SummerHaven Copper Index Total Return, plus interest income from CPER's holdings, less fund expenses. CPER is designed to be a convenient, cost-effective way for investors to access the returns of a portfolio of copper futures contracts and is listed on the NYSE Arca.
The United States Agriculture Index Fund (USAG) is an exchange-traded product that seeks to track the performance of the SummerHaven Dynamic Agriculture Index Total Return (SDAITR), plus interest income from USAG's holdings, less fund expenses. USAG is designed to be a convenient, cost-effective way for investors to access the returns of a portfolio of agriculture commodities futures contracts and is listed on the NYSE Arca.
