United States Oil Fund, LP
Twelve months
- Assets under management
- $1.7B
- Expense ratio
- 0.86%
- Holdings
- 1
- NAV
- $141.49
- Inception
- Apr 10, 2006
- Issuer
- USCF
- Asset class
- Commodities
- Exchange
- —
- Average volume
- 6.9M
- Volume
- —
- 50-day average
- —
- 200-day average
- —
- Day range
- —
- Previous close
- —
- Domicile
- US
- Official page
- uscfinvestments.com
About this fund
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.
Sector exposure
- Cash & Others100.00%
Similar funds
All ETFs →Questions
What is the expense ratio of USO?
USO charges 0.86% per year. The fee is taken out of the fund's assets, so it shows up as a small drag on performance rather than as a separate bill.
How large is USO?
The fund manages $1.7B. Size matters mainly for liquidity: larger funds tend to trade with tighter spreads and are less likely to be closed by the issuer.
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