The United States Gasoline Fund® LP (UGA) is an exchange-traded security that is designed to track in percentage terms the movements of gasoline prices. UGA issues shares that may be purchased and sold on the NYSE Arca. The investment objective of UGA is for the daily changes in percentage terms of its shares' NAV to reflect the daily changes in percentage terms of the price of gasoline (also known as reformulated gasoline blendstock for oxygen blending, or ''RBOB''), for delivery to the New York harbor, as measured by the daily changes in the price the Benchmark Futures Contract, less UGA's expenses. The Benchmark Futures Contract is the futures contract on gasoline as traded on the NYMEX. If the near month contract is within two weeks of expiration, the Benchmark will be the next month contract to expire. The RBOB contract is for delivery to the New York harbor. UGA invests primarily in listed RBOB futures contracts and other gasoline-related futures contracts, and may invest in forwards and swap contracts. These investments will be collateralized by cash, cash equivalents, and US government obligations with remaining maturities of two years or less.