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United States Oil Fund LP

USO·ARCA
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Key Stats

Assets Under Management
2.12BUSD
Fund Flow (1Y)
-109.01MUSD
Dividend Yield
--
Discount / Premium to NAV
0.54%
Shares Outstanding
14.22M
Expense Ratio
0.70%

About United States Oil Fund LP

Issuer
United States Commodity Funds LLC
Brand
US Commodity Funds
Inception Date
Apr 10, 2006
Structure
Commodities Pool
ISIN
US91232N2071
CFI Code
CEOJLU
Index Tracked
Front Month Light Sweet Crude Oil
Replication Strategy
Synthetic
Management Style
Passive
Dividend Treatment
--
Distribution Tax Treatment
No distributions
Income Tax Type
60/40
Max ST Capital Gains Rate
27.84%
Max LT Capital Gains Rate
27.84%
Primary Advisor
United States Commodity Funds LLC
Distributor
ALPS Distributors, Inc.
USO delivers its exposure to oil using near-term futures. USO gets exposure to oil using derivatives, like several oil ETPs. The fund predominately holds near-month-futures contracts on WTI, rolling into future contracts every month. This method is particularly sensitive to short-term changes in spot prices. USO held front month contracts until April 17, 2020, at which time following leeway in the prospectus, USO changed the exposure from holding specifically front-month contracts to holding predominantly front-month contracts, 30% next month and 15% contracts with further expiry. USO is structured as a commodities pool, so expect a K-1 at tax time. Long-term holders will be taxed on any gains even if they didn't sell shares.

Classification

Asset Class
Commodities
Category
Energy
Focus
Crude Oil
Niche
Laddered
Strategy
Laddered
Geography
--
Weighting Scheme
Single Asset
Selection Criteria
Single asset

Analysis

Asset

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