ETF overview
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.
Fund facts
- Expense ratio
- 0.86%
- Fund assets
- 1.78B USD (all share classes)
- Issuer
- USCF
- Inception date
- Apr 10, 2006
- Number of holdings
- 19
Breakdown
Holdings (19)
| Name | Ticker | Weight |
|---|---|---|
| WTI CRUDE FUTURE Dec26 | 45.83% | |
| DREY INST PREF GOV MM INST 6546 | 6.89% | |
| TRS MACQUARIE MQCP361E 07212026 | 4.18% | |
| TREASURY BILL 0 12/31/2026 | 4.02% | |
| TREASURY BILL 0 2/4/2027 | 4.00% | |
| TRS SOC GEN SGIXCWTI 06182026 | 3.83% | |
| TREASURY BILL 0 10/20/2026 | 2.97% | |
| TREASURY BILL 0 11/17/2026 | 2.69% | |
| TREASURY BILL 0 10/22/2026 | 2.16% | |
| TREASURY BILL 0 12/1/2026 | 1.88% | |
| and 6 more | ||
Historical returns do not guarantee future returns. This is not investment advice.
- Expense ratio
- 0.86%
- Fund assets
- 1.78B USD (all share classes)
- Issuer
- USCF
- Inception date
- Apr 10, 2006
- Number of holdings
- 19
| Name | Ticker | Weight |
|---|---|---|
| WTI CRUDE FUTURE Dec26 | 45.83% | |
| DREY INST PREF GOV MM INST 6546 | 6.89% | |
| TRS MACQUARIE MQCP361E 07212026 | 4.18% | |
| TREASURY BILL 0 12/31/2026 | 4.02% | |
| TREASURY BILL 0 2/4/2027 | 4.00% | |
| TRS SOC GEN SGIXCWTI 06182026 | 3.83% | |
| TREASURY BILL 0 10/20/2026 | 2.97% | |
| TREASURY BILL 0 11/17/2026 | 2.69% | |
| TREASURY BILL 0 10/22/2026 | 2.16% | |
| TREASURY BILL 0 12/1/2026 | 1.88% | |
| and 6 more | ||
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.
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