United States Oil FundUnited States Oil FundUnited States Oil Fund

United States Oil Fund

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Key stats


Assets under management (AUM)
‪1.39 B‬USD
Fund flows (1Y)
‪−36.35 M‬USD
Dividend yield (indicated)
Discount/Premium to NAV
−0.3%

About United States Oil Fund


Issuer
The Marygold Cos, Inc.
Brand
US Commodity Funds
Expense ratio
0.60%
Inception date
Apr 10, 2006
Index tracked
Front Month Light Sweet Crude Oil
Management style
Passive
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
Weighting scheme
Single asset
Selection criteria
Single asset
What's in the fund
Exposure type
Bonds, Cash & Other
Cash
Futures
Bonds, Cash & Other100.00%
Cash54.14%
Futures44.65%
Miscellaneous1.21%

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Summarizing what the indicators are suggesting.
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
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