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USCF Midstream Energy Income Fund

UMI
$
Today’s Change
()

Snapshot
*

Inception Date
Mar 24, 2021
Expense Ratio
0.85%
Type
US MLPs
Fund Owner
United States Commodity Funds
Volume (1m avg. daily)
$303,944
AUM
$217,841,483
Associated Index
None
Inverse/Leveraged
No
Passive/Active
Active
Fractionable on Composer
No
Prospectus

Top 10 Holdings

ET
Energy Transfer LP - Unit
8.96%
EDP
ALUMINIUM EPD
8.15%
ENB
Enbridge Inc
7.73%
PAGP
Plains GP Holdings LP - Ordinary Shares - Class A
7.41%
LNG
Cheniere Energy Inc.
7.04%
TRGP
Targa Resources Corp
6.77%
WMB
Williams Cos Inc
5.5%
KEY
Keyera Corp
4.61%
AMG
Affiliated Managers Group Inc.
4.54%
MPLX
MPLX LP - Unit
4.49%

What is UMI?

The Fund is an actively managed exchange-traded fund. The Fund s investment sub-adviser, Miller/Howard Investments, Inc., utilizes a bottom-up fundamental research process to evaluate these midstream energy infrastructure companies on a number of key metrics, including income, growth of income, distribution coverage, leverage, direct-commodity price exposure, and contract quality. The Fund will seek to achieve its investment objectives by investing, under normal market conditions, at least 80% of its net assets in equity securities of U.S. and Canadian companies of any market capitalization deemed by the Sub-Adviser to be engaged in the midstream energy sector. The midstream energy sector primarily includes publicly-traded master limited partnerships and limited liability companies taxed as partnerships (MLPs), and companies structured or who elect to be taxed as C-corporations that derive the majority of their revenue from operating or providing midstream energy services. The Sub-Adviser considers midstream energy services to be transportation, storage, and gathering & processing infrastructure that primarily collect fees for transporting customers oil, natural gas, and other products. The Fund may directly invest up to 25% of its total assets in equity securities of certain MLPs treated as publicly-traded partnerships. The Fund will invest more than 25% of the value of its total assets in the energy, oil, and gas industries.

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ETFs related toUMI

ETFs correlated to UMI include MLPX, IGE, EMLP

UMI
USCF ETF Trust - USCF Midstream Energy Income Fund ETF
MLPX
Global X Funds - Global X MLP & Energy Infrastructure ETF
IGE
BlackRock Institutional Trust Company N.A. - iShares North American Natural Resources ETF
EMLP
First Trust Exchange-Traded Fund III - First Trust North American Energy Infrastructure Fund
FXN
First Trust Exchange-Traded Fund III - First Trust Energy AlphaDEX Fund
AMJ
JPMorgan Chase & Co. - KEYnotes ETN Link to First Trust Enh 130/30 L/C Index
COWZ
Pacer Funds Trust - Pacer US Cash Cows 100 ETF
FCG
First Trust Exchange-Traded Fund III - First Trust Natural Gas ETF
RSPG
Invesco Capital Management LLC - Invesco S&P 500 Equal Weight Energy ETF
AMLP
ALPS Fund Services - Alerian MLP ETF
AMZA
ETFis Series Trust I - InfraCap MLP ETF 1.25x Shares

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

FAQ

UMI is a US MLPs ETF. The Fund is an actively managed exchange-traded fund. The Fund s investment sub-adviser, Miller/Howard Investments, Inc., utilizes a bottom-up fundamental research process to evaluate these midstream energy infrastructure companies on a number of key metrics, including income, growth of income, distribution coverage, leverage, direct-commodity price exposure, and contract quality. The Fund will seek to achieve its investment objectives by investing, under normal market conditions, at least 80% of its net assets in equity securities of U.S. and Canadian companies of any market capitalization deemed by the Sub-Adviser to be engaged in the midstream energy sector. The midstream energy sector primarily includes publicly-traded master limited partnerships and limited liability companies taxed as partnerships (MLPs), and companies structured or who elect to be taxed as C-corporations that derive the majority of their revenue from operating or providing midstream energy services. The Sub-Adviser considers midstream energy services to be transportation, storage, and gathering & processing infrastructure that primarily collect fees for transporting customers oil, natural gas, and other products. The Fund may directly invest up to 25% of its total assets in equity securities of certain MLPs treated as publicly-traded partnerships. The Fund will invest more than 25% of the value of its total assets in the energy, oil, and gas industries.

Yes, UMI is actively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

No, UMI is not passively managed. It is actively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on UMI is 0.0201%. This is the percent change in the value of UMI over the most recent 1-month period. The 3-month return on UMI is 0.0802%. This is the percent change in the value of UMI over the most recent 3-month period.

The standard deviation of UMI for the past year is 0.2018%. Standard deviation is the typical amount that the daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

ETFs similar to UMI include PFF, PGF, and PGX.

ETFs correlated to UMI include MLPX, IGE, and EMLP.

ETFs that are inversely correlated to UMI include DRIP, OILD, and DUG.

Disclaimers

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We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.

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