United States 12 Month Oil Fund LP

The investment objective of USL is to have the changes in percentage terms of the units net asset value reflect the changes in percentage terms of the price of light sweet crude oil delivered to Cushing Oklahoma as measured by the changes in the average of the prices of 12 Futures Contracts on crude oil traded on the New York Mercantile Exchange (the Benchmark Futures Contracts) consisting of the near month contract to expire and the contracts for the following eleven months for a total of 12 consecutive months contracts except when the near month contract is within two weeks of expiration in which case it will be measured by the futures contracts that are the next month contract to expire and the contracts for the following eleven consecutive months less USLs expenses. When calculating the daily movement of the average price of the 12 contracts each contract month will be equally weighted.
Key Statistics
Return As of Date
18 Jul 2019
Assets Under Management
$52.15M (USD)
1 Month Total Return
2.71%
Year to Date Return
17.06%
 
1 Year Total Return
-13.48%
3 Year Annualized Total Return
4.34%
NAV
20.86
Share Outstanding
2500000
Fund Overview
Exchange Ticker
USL
Sponsor
United States Commodity Funds
Bloomberg Ticker
USL:US
ETF Type
Commodities & Metals - Energy
Active / Passive
Passive
 
ISIN
US91288V1035
Inception Date
12/06/2007
Legal Structure
Limited Partnership
Exchange
NYSE Arca
Fund Costs
Net Expense Ratio
0.86 %
 
Fund Features
Asset Class
Commodities & Metals
Other Asset Types
Not Applicable
Domestic / International
Global
Developed / Emerging
Funds Combining Developed & Emerging Exposure
Continent
Not Applicable
Country
Not Applicable
Cross Sector Theme
Not Applicable
Sector
Not Applicable
Industry
Not Applicable
 
Bond Type
Not Applicable
Average Maturity
Not Applicable
Bond Currency Denomination
Not Applicable
Credit Quality
Not Applicable
Floating Rate
Not Applicable
Currency Hedged
No
Derivatives Based
Derivatives Based
Inverse Leveraged
Not Applicable
Index Details
Index Name
Crude Oil - NYMEX traded light sweet crude oil next 12 months average futures contracts
Index Family
Not Applicable
Broader Index Family
Not Applicable
 
Index Weighting Scheme
Equal Weighted
Index Provider
Not Applicable
Fund Family
United States Commodity Funds