USCF Sustainable Battery Metals Strategy 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 15 holdings as of Mar 31, 2026 · source: SEC N-PORT. Full holdings & prospectus →
About ZSB
The Fund seeksto achieve its investment objective by investing primarily in metals derivative instruments (“Metals Derivatives”) and, toa lesser extent in the equity securities of companies (“Metals Equities” and, together with Metals Derivatives, “MetalsInvestments”) that are economically tied to the metals that are necessary for “Electrification,” which is describedbelow. The Adviser believes that demand for certain metals will increase as the global economy undergoes a process known as Electrification.During Electrification, energy derived from sustainable sources such as wind, solar, and hydroelectric power will gradually replace energygenerated by fossil fuels. The infrastructure needed to produce and store that energy as electricity in batteries (“Battery andElectrification Infrastructure”) will require substantial amounts of certain metals. As a result, Electrification may lead to risingprices for these metals over time.Specifically,the Fund’s holdings will consist of instruments tied to industrial metals, precious metals, and rare earth metals (the “Metals”and each, a “Metal”) that are used in batteries, battery charging infrastructure, and sustainable energy generation and storageinfrastructure. The Fund’s Metals Investments will initially include metals such as cobalt, copper, iron ore, lithium, nickel,and other metals currently used in Battery and Electrification Infrastructure. Specific metals may be added or removed as eligible metalswhen changes occur in the evolution of battery and electrification metals technology, and when exposure to these metals can be obtained.The Metals Derivatives in which the Fund will invest are futures and swaps and, to a lesser extent, options and forwards. The MetalsEquities in which the Fund will invest are the common stock of companies located in both the United States and in foreign countries,including in emerging markets, which are economically tied to the Metals because they derive a substantial portion of their revenue fromthe mining, processing, production, refining, recycling, and other related activities of such Metals.The Fund understandsthat the extraction, production and distribution of Metals required for Electrification are carbon-intensive processes. As such, an importantcomponent of the Fund’s sustainable strategy involves purchasing carbon offset investments (“Carbon Offset Investments”)in an amount equal to the estimated aggregate carbon emissions of the Fund’s holdings. By purchasing Carbon Offset Investments,the Fund seeks to mitigate the carbon-intensive nature of the Fund’s Metals Investments.The Adviseruses a proprietary multi-factor quantitative methodology to select the Metals Investments. The proprietary methodology considers theuse of a specific Metal in Battery and Electrification Infrastructure, the other uses of such Metal, and each Metal’s environmentalimpact, and attempts to provide exposure to the Metals used in Battery and Electrification Infrastructure in amounts that generally correspondto each Metal’s relative demand in connection with such use, meaning that the Fund will invest more heavily in those Metals whoseprice is expected to be more closely aligned with that Metal’s increased demand for use in Battery and Electrification Infrastructure.Because Metals Derivatives have the highest correlation to the prices of such Metals, the methodology selects Metals Derivatives whensuitable derivatives are available. Suitable derivatives include exchange-traded and over-the-counter futures and swaps contracts onthe Metals. If these contracts are traded on an exchange, liquidity relative to the Fund’s size and trading needs is also consideredin determining if a Metals Derivative is suitable. Futures traded on U.S. or international exchanges with sufficient liquidity are prioritized.Swaps are used for any Metal that does not have a futures contract with sufficient liquidity. The Fund may also use options and forwardsto supplement its futures and swaps positions or if adequate futures and swaps are not available. To the extent suitable Metals Derivativesare not available to provide exposure to a Metal that is used in Battery and Electrification Infrastructure, the Adviser’s methodologyselects companies that are economically tied to the mining, processing, production, refining, recycling, and other related activitiesof that Metal or a group of Metals. In order to initially include a company for selection within the methodology, the Adviser considersa company to be “economically tied” if it generates at least 50% of its revenues from these activities or has projects thathave the potential for the company to generate at least 50% of its revenues from these activities when developed. Once a company is selectedfor inclusion in the Fund by meeting the above criteria, it must continue to generate at least 25% of its revenues from these activitiesor have projects with the potential for the company to generate at least 25% of its revenues from these activities when developed, inorder to remain in the Fund. The Fund may not have exposure to every Metal used in Battery and Electrification Infrastructure becausethere may not be a suitable derivative or equity security tied to each Metal. The Adviser’s proprietary methodology will also excludeMetals that have only a de minimis connection to Battery and Electrification Infrastructure. The Adviser will assess each Metals Investment’sinclusion in the methodology on an annual basis.After all theMetals Investments have been selected, the Adviser estimates the carbon emissions associated with each of the Metals Derivatives andeach of the Metals Equities chosen by the methodology. The Adviser relies on data published by governmental or multi-national organizations,scientific studies, investment bank/financial service companies, and internationally recognized environmental, social and governance(“ESG”) research firms to make such estimates. The Adviser then calculates the aggregate carbon emissions from all MetalsInvestments in the portfolio and the Fund purchases Carbon Offset Investments in the form of carbon credit futures contracts in an amountequal to the net emissions. Carbon emissions estimates will be updated annually.The Fund’sinvestments are not restricted in terms of geography. As such, the Fund may invest in both U.S. and non-U.S. companies, including companieslocated in emerging markets, and in instruments denominated in both U.S. dollars and foreign currencies. There is no limit to the percentageof the Fund’s equity investments that may be invested in emerging markets investments. In fact, a large percentage of the Fund’sinvestments in equity securities will be issued by Chinese companies because China is the country with the largest universe of companiesthat derive their revenues from Metals that are used in Battery and Electrification Infrastructure. The Fund will invest in Metals Equitieswith a minimum capitalization of $100 million at the time of initial investment. Because many of the companies that issue Metals Equitiesare smaller companies, it is expected that the Fund will invest in companies that would generally be classified as small- or mid-capbased on how such terms are defined by widely used indices.Although theFund may invest in Metals Derivatives directly, the Fund invests in Metals Derivatives primarily through a wholly-owned subsidiary ofthe Fund incorporated in the Cayman Islands, USCF Cayman Commodity 5 (the “Subsidiary”). The Subsidiary is advised by theAdviser and has the same investment objective as the Fund. The Fund may invest up to 25% of its assets in the Subsidiary.The portionof the Fund’s assets that are not invested in Metals Investments or Carbon Offset Investments, will be primarily invested, directlyor indirectly through the Subsidiary, in cash, cash equivalents, money market funds, repurchase agreements, or short maturity fixed-incomeinvestments or a combination thereof. The primary purpose of such investments will be to meet coverage and collateral requirements associatedwith the Fund’s Metals Derivatives.The Fund is“non-diversified,” as that term is defined in the Investment Company Act of 1940, as amended (the “1940 Act”).
ZSB News
- Trading the Move, Not the Narrative: (ZSB) Edition
- (ZSB) Volatility Zones as Tactical Triggers
- USCF Sustainable Battery Metals Strategy Fund (NYSEARCA:ZSB) Short Interest Update
- Price-Driven Insight from (ZSB) for Rule-Based Strategy
- USCF Sustainable Battery Metals Strategy Fund (NYSEARCA:ZSB) Sees Significant Decrease in Short Interest
Data for ZSB 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.