USL

Fund Description
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.
Fund Profile
Fund Name United States 12 Month Oil Fund LP
Fund Exchange Ticker USL
Fund Sponsor United States Commodity Funds
Fund ISIN US91288V1035
Net Expense Ratio 0.86 %
Fund Inception Date 6 December 2007
Fund Legal Structure Limited Partnership
Exchange NYSE Arca
Listing Country Code US
Fund Investment Objective
ETF Type Specific Commodities & Metals - Energy
Asset Class Commodities & Metals
Index Linked Passive
Index Name Crude Oil - NYMEX traded light sweet crude oil next 12 months average futures contracts
Index Provider Not Applicable
Currency Hedged No
Inverse / Leveraged Not Applicable
Developed / Emerging Funds Combining Developed & Emerging Exposure
Commodity Types Energy
Key Statistics
Return As of Date 17 June 2019
Asset Under Management 50.41 Million (USD)
1 Month Total Return -16.18 %
Year To Date Return 9.91 %
1 Year Total Return -17.30 %
3 Year Annualized Total Return 0.84 %
NAV 19.77
Share Outstanding 2,550,000
Top 10 Holdings (17 June 2019)
Constituent Name Constituent Ticker Constituent Type Weighting
US DOLLARS CASH 0.1064147966
NYMEX WTI Crude Oil CL DEC19 FUTR 0.0390010638
NYMEX WTI Crude Oil CL OCT19 FUTR 0.0389936151
NYMEX WTI Crude Oil CL FEB20 FUTR 0.0388818856
NYMEX WTI Crude Oil CL AUG19 FUTR 0.0388595397
NYMEX WTI Crude Oil CL APR20 FUTR 0.0387254642
NYMEX WTI Crude Oil CL JUN20 FUTR 0.0385839401
NYMEX WTI Crude Oil CL NOV19 FUTR 0.0385269258
NYMEX WTI Crude Oil CL JUL20 FUTR 0.0385094537
NYMEX WTI Crude Oil CL SEP19 FUTR 0.0384827858