USE

USE seeks long-term total return through long, short, or spread positions in energy-related derivatives based on oil, petroleum, and natural gas. The fund may invest in US- and non-US-listed futures, options, swaps, and structured notes directly or indirectly through a wholly-owned Cayman Island Subsidiary, which may not exceed 25% of the fund's assets at each fiscal quarter end. As such, investors avoid a K-1 form at tax time. Specifically, the fund intends to hold futures contracts, including but not limited to WTI crude oil, Henry Hub natural gas, NY Harbor ultra-low sulfur diesel, RBOB gasoline, Brent crude oil, and gasoil. The portfolio may also include futures based on clean energy sources. The fund adviser, at its discretion, selects contracts of varying maturities using a quantitative proprietary methodology that utilizes technical, fundamental, and economic signals. The fund holds cash, cash equivalents, and US Treasurys to collateralize its derivative investments