Bringing you live news and features since 2006 

USCF launches USCF SummerHaven Dynamic Commodity Strategy No K-1 Fund

RELATED TOPICS​

USCF has launched the USCF SummerHaven Dynamic Commodity Strategy No K-1 Fund (SDCI) with SummerHaven Index Management LLC (SummerHaven), a Stamford, CT based index management firm that has developed indices in the commodities space. 

The Fund, an actively managed exchange-traded fund (ETF), will use the SummerHaven Dynamic Commodity Index as its benchmark, which is also the benchmark utilised by the firms’ first collaboration, the United States Commodity Index Fund (NYSE Arca: USCI).  SDCI seeks long-term total return.
 
“SDCI has been a major component of our plan to offer investors truly diversified access to the commodity space,” says John Love, President and CEO of USCF.  “The SummerHaven Dynamic Commodity IndexSM ushered in a new generation in commodity indexing.  Rather than making incremental changes to established benchmarks, the index was built from the ground up in 2009 placing the needs and goals of investors first.  Investors have frequently asked for an investment vehicle that is guided by the SummerHaven Dynamic Commodity IndexSM but that does not issue a K-1 tax form, and the ETF structure of SDCI enables us to do that.” 
 
SummerHaven and USCF have collaborated on three other exchange traded products: the United States Copper Index Fund (CPER), the United States Agriculture Index Fund (NYSE Arca: USAG), and the United States Commodity Index Fund (NYSE Arca: USCI), which also uses the SummerHaven Dynamic Commodity IndexSM as a benchmark, as well as a mutual fund, the USCF Commodity Strategy Fund. The SummerHaven Dynamic Commodity IndexSM is a total return commodity sector index designed to broadly represent major commodities. It reflects the performance of a fully collateralised portfolio of 14 commodity futures, selected each month from a universe of 27 eligible contracts. Unlike many commodity indices, the index rebalances to equal weights on a monthly basis and features a diversification rule that allows it to maintain broad exposure to all commodity sectors.
 
“We are excited to build on our long-term collaboration with USCF and to leverage the great success of our other funds,” says Ashraf Rizvi, Partner of SummerHaven. “This new Fund utilises the established SummerHaven Dynamic Commodity Index as its benchmark, providing an attractive commodity ETF with no K-1 for investors.”
 
“Our team is thrilled with the opportunity to expand our relationship with SummerHaven,” said Love. “We feel that they possess unparalleled expertise and depth of knowledge, and their work is a benefit to the world of commodity investing.”

Latest News

Raymond James Investment Management plans to launch an ETF product platform in 2025 to support strong client demand in alignment..
Aniket Ullal, Director of ETF Data and Research at CFRA Research, has written a note looking at ETFs with exposure..
Tradeweb reports the following data derived from trading activity on the Tradeweb Markets institutional European- and US-listed ETF platforms...
iShares writes that its assets under management have reached USD4 trillion. The firm says this comes off the back of..

Related Articles

Scott Kefer, VictoryEx Capital Holdings
Bailey McCann writes that active ETFs are capturing investor interest, according to the latest data from Morningstar, which finds that...
Chris Lo, Columbia Threadneedle
In a recent insight on India by Columbia Threadneedle Investments, the firm reports that the country’s economic reforms, which aim...
With an election on the horizon in the United States a group of ETFs is poised to capture investments on...
Robot worker
Qraft Technologies, based in South Korea, specialises in the use of AI in security selection and portfolio construction....
Subscribe to the ETF Express newsletter

Subscribe for access to our weekly newsletter, newsletter archive, updates on the site and exclusive email content.

Marketing by