USCF Gold Strategy Plus Income Fund
Key Statistics
Historical Performance
Total return including reinvested distributions, from adjusted closing prices.
Price History
Price history is being compiled for this fund.
Top Holdings
Top 2 holdings as of Mar 31, 2026 · source: SEC N-PORT. Full holdings & prospectus →
About USG
The Fund seeksto reflect generally the performance of the price of gold while generating dividend income through selling gold call options and throughcollateral interest income.The Fund seeksto achieve its investment objective by maintaining substantial economic exposure to the performance of the physical gold and gold futuresmarkets (the “Gold Markets”). To achieve an exposure to the Gold Markets, the Fund invests in: (i) negotiable warehouse receipts,called warrants (hereinafter, “Gold Warrants”), evidencing ownership of specific gold bars stored in licensed depositoriesin and around New York City, and (ii) fully margined and collateralized gold futures contracts, described in further detail below. Also,to obtain the desired economic exposure, the Fund may transact in other gold-related derivative instruments such as cash-settled options,forward contracts, options on futures contracts, and other options. The futures contracts and other gold-related derivative instrumentsin which the Fund may invest are collectively referred to herein as “Gold Interests,” and, together with Gold Warrants, arereferred to herein as “Gold Investments.”The Fund mayinvest in Gold Investments directly or indirectly through the investments of its wholly-owned subsidiary incorporated in the Cayman Islands,USCF Cayman Commodity 4 (the “Subsidiary”). However, the Fund primarily gains exposure to the Gold Markets through the GoldInvestments made by the Subsidiary. The Subsidiary, which has the same investment objective as the Fund, is advised by the Adviser andsub-advised by SummerHaven Investment Management, LLC (“SummerHaven” or the “Sub-Adviser”).The Fund willonly invest in COMEX Gold Warrants and gold futures through the Subsidiary. As noted below, the percentage of the Fund’s assetsinvested in the Subsidiary will be limited to 25%. The primary instrument used by the Fund for achieving exposure to the price performanceof gold will be COMEX gold futures, but the Fund also intends to achieve a portion of its exposure to the price performance of gold viaCOMEX Gold Warrants. The Fund expects that it will limit its investment in COMEX Gold Warrants to 20% of the value of its Subsidiary.COMEX gold futures and COMEX Gold Warrants will be evaluated for expected return and expected trading and holding costs (implicit andexplicit). The results of this comparison will be used by the Fund’s Sub-Adviser to determine the desired balance of COMEX goldfutures and COMEX Gold Warrants.The Fund isnot an index ETF and is actively managed. The Fund is “non-diversified,” as that term is defined in the Investment CompanyAct of 1940, as amended (the “1940 Act”). Investors should be aware that the Fund’s investment objective is notfor its net asset value (“NAV”) per share to equal the spot prices of the gold underlying its Gold Investments or the pricesof any particular group of futures contracts, and investors should not expect changes in the Fund’s performance to track changesin such spot prices.GoldFutures Contracts and other Gold Interests:The Fund mayinvest in gold futures contracts (a type of commodity futures contract) that the portfolio managers believe are economically identicalor substantially similar to holding physical gold.A commodityfutures contract is a financial instrument in which a party agrees to pay a fixed price for a fixed quantity of a commodity at a specifiedfuture date. The total cost of the commodity (e.g., physical gold)underlying a futures contract at its current price (or spot price) is often referred to as “notional amount.” Futures contractsare traded at market prices on exchanges pursuant to terms common to all market participants.Physicalgold:The Fund investsin physical gold by acquiring COMEX Gold Warrants evidencing ownership of physical gold bars in a COMEX-approved depository. AlthoughCOMEX Gold Warrants are not directly tradeable, the Fund acquires them by purchasing COMEX gold futures contracts and accepting physicaldelivery to settle the futures contract. The Fund is able to sell its interests in COMEX Gold Warrants by selling COMEX gold futurescontracts and delivering the warrants to physically settle the futures contract.COMEX Gold Warrantsare linked to specific bars with identifiable and unique brands and serial numbers stored in an exchange-approved gold depository. TheFund does not custody physical gold and will not take possession of physical gold at any time.GoldCall Options:The Fund followsa “buy-write” (also called a covered call) investment strategy in which the Fund buys Gold Investments, and also writes (orsells) call options that are fully “covered” (or collateralized) by the Gold Investments. Generally, a call option on goldgives the holder the right, but not the obligation, to buy gold at a specific price, called the strike price, for a certain amount oftime. If the market price of gold rises above the strike price before the option expires, the holder can make a profit by exercisingthe option to purchase the gold at the strike price and then selling the gold at the current market price. Accordingly, purchasers ofthe gold call options sold by the Fund will pay a premium for the right to exercise the option at the strike price on a future date,and the Fund will earn money by retaining this premium.Conversely,if the market price of gold falls and then remains below the strike price, the option holder would not make any profit by exercisingthe option, and the seller of the option will make a profit on the premium.The Sub-Adviserwill cause the Fund to write options as part of its investment strategy to generate option premium profits for the Fund. The Fund doesnot intend to engage in options trading as a strategy, but rather intends to make a profit solely by retaining the premium received whenthe Fund issues the options.The Fund willnever sell call options on more than 100% of the notional amount of the Fund’s portfolio of Gold Investments, meaning that theFund will not utilize leverage.U.S.Government Securities and Assets Used to Collateralize:The Fund willinvest in U.S. government securities. U.S. government securities include U.S. Treasury obligations and securities issued or guaranteedby various agencies of the U.S. government, or by various instrumentalities that have been established or sponsored by the U.S. government.In additionto the market price movements of the Fund’s Gold Interests, the Fund’s total return includes the return on any assets usedto collateralize the Fund’s portfolio, which may include U.S. government securities (e.g.,Treasuries), money market instruments, money market funds, repurchase agreements, investment grade fixed-income securities, and cashand cash equivalents.SubsidiaryAlthough theFund may invest in Gold Investments directly, the Fund invests in Gold Investments primarily through the Subsidiary. The Subsidiary’sinvestments are considered to be part of the Fund’s portfolio. By investing in the Subsidiary, the Fund expects to be ableto obtain greater exposure to Gold Investments while maintaining compliance with U.S. federal income taxation requirements applicableto investment companies. The Subsidiary may also hold investments used to collateralize the Fund’s portfolio.The Fund willnot invest more than 25% of its total assets in the Subsidiary, as determined at the end of each fiscal quarter. The amount of the Fund’stotal assets that is not invested in the Subsidiary at any given time will be invested directly by the Fund.
USG News
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- USCF Gold Strategy Plus Income Fund (NYSEARCA:USG) Short Interest Update
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- (USG) Volatility Zones as Tactical Triggers
- USCF Gold Strategy Plus Income Fund (USG) To Go Ex-Dividend on June 18th
- USG Corporation Expands North American Manufacturing Network With New Alberta Wallboard Plant
Data for USG is aggregated from third-party providers (Tiingo, Nasdaq, Finnhub) and SEC filings, may be delayed at least 20 minutes, and may be incomplete or contain errors. Nothing here is investment advice. Verify with the official prospectus before investing.