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 18 January 2019
Asset Under Management 59.05 Million (USD)
1 Month Total Return 13.42 %
Year To Date Return 14.93 %
1 Year Total Return -6.47 %
3 Year Annualized Total Return 14.73 %
NAV 20.72
Share Outstanding 2,850,000
Top 10 Holdings (18 January 2019)
Constituent Name Constituent Ticker Constituent Type Weighting
US DOLLARS CASH 0.0971771000
GOLDMAN SACHS FIN SQ GOVT-FS MMKT 0.0400272687
NYMEX WTI Crude Oil CL OCT19 FUTR 0.0400088562
NYMEX WTI Crude Oil CL JAN20 FUTR 0.0398935777
NYMEX WTI Crude Oil CL JUL19 FUTR 0.0398215286
NYMEX WTI Crude Oil CL SEP19 FUTR 0.0395500637
NYMEX WTI Crude Oil CL NOV19 FUTR 0.0395500637
NYMEX WTI Crude Oil CL AUG19 FUTR 0.0394930648
NYMEX WTI Crude Oil CL FEB20 FUTR 0.0394004417
NYMEX WTI Crude Oil CL JUN19 FUTR 0.0391795713