OAKLAND, Calif., Sept. 26, 2017 /PRNewswire/ -- USCF today announced it has filed a registration statement for two exchange traded funds (ETFs) each of which will seek to track a newly launched index: the USCF SummerHaven Private Equity Strategy Index Fund (NYSE Arca: BUY) and the USCF SummerHaven Private Equity Natural Resources Strategy Index Fund (NYSE Arca: BUYN).
"Since 2006, USCF has provided products to investors that offer easy access to alternative asset classes," said John Love, President and CEO of USCF. "We believe in the benefits of wide portfolio diversification, beyond a simple mix of stocks and bonds. The new USCF ETFs that will seek to track SummerHaven's latest indexes are intended to make it easy for investors to access private equity-like long-term profiles at a lower price point than traditional private equity investments."
SummerHaven Index Management (SummerHaven), a Stamford based index management firm, and USCF previously collaborated on three exchange traded products and one mutual fund: the United States Copper Index Fund (NYSE Arca: CPER), the United States Agriculture Index Fund (NYSE Arca: USAG), United States Commodity Index Fund (NYSE Arca: USCI) and the USCF Commodity Strategy Fund, respectively.
Ashraf Rizvi, Partner of SummerHaven, commented, "We believe that USCF's new ETFs based on our private equity strategy indexes will provide investors with an opportunity to access the returns of an asset class that has traditionally only been available through private markets, with the added benefit of liquidity and transparency and without lockups, vintage risk, investment minimums or takeover premiums."
"We greatly value our expanding relationship with SummerHaven. Their new private equity indexes follow the same standards of rigor and smart design that characterize the other indexes they have introduced to the marketplace over the last decade," added Love.
The USCF SummerHaven Private Equity Strategy Index Fund seeks to track the price and yield performance, before fees and expenses, of the SummerHaven Private Equity Strategy Index®.
The USCF SummerHaven Private Equity Natural Resources Strategy Index Fund seeks to track the price and yield performance, before fees and expenses, of the SummerHaven Private Equity Natural Resources Strategy Index®.
About USCF
USCF operates on the leading edge of product innovation as an asset management firm offering exchange-traded products (ETPs), exchange-traded funds (ETFs) and mutual funds. The firm broke new ground with the launch of the first oil ETP, the United States Oil Fund, LP (USO), in 2006. Over the next decade, USCF designed and issued fifteen more specialty products across commodity and equity asset classes. USCF currently manages approximately $4 billion in assets from its headquarters in Oakland, California.
About SummerHaven Index Management, LLC
Headquartered in Stamford, CT, SummerHaven Index Management is focused on creating innovative commodity and equity indices based on rigorous academic research. The firm is led by a seasoned management team with over 110 years of collective financial markets experience with commodity futures, equity and fixed income markets. For more information please visit www.summerhavenindex.com.
Please note that the information concerning BUY and BUYN is subject to change. A registration statement for BUY and BUYN has been filed with the Securities and Exchange Commission. Shares of the new funds may not be sold until the registration statement becomes effective. There is no guarantee that the registration statement will be declared effective. Please note that the foregoing announcement does not constitute an offer of any securities for sale. The registration statement will contain information about the investment objectives, risks, and expenses of the Funds. A potential investor should read it carefully before investing. Once available, a copy of the Fund's prospectuses can be obtained by calling 1-800-920-0259 or online at www.uscfinvestments.com.
Definitions:
Liquidity – the degree to which an asset or security can be quickly bought or sold in the market without affecting the asset's price.
Takeover Premium – The amount by which the takeover price for each share of stock must exceed the current stock price in order to entice shareholders to relinquish control of the company to an acquirer.
Transparency – the extent to which investors have ready access to required financial information about a company, such as price levels, market depth and audited financial reports.
Vintage Risk – when capital is contributed by venture capital, a private equity fund or a partnership drawing down from its investors. Investors can use the vintage year of an investment to further explain its returns.
John P. Love and Katie Rooney are registered representatives of ALPS Distributors, Inc.
We advise you to consider a Fund's objectives, risks, charges and expenses carefully before investing. Download a copy of a Fund's Prospectus by clicking one of the following: USCI, USAG, USO, USL, USOU, DNO, USOD, BNO, UNG, UNL, UGA, UHN, or CPER which contains this and other information, or contact the Fund's distributor at: ALPS Distributors, Inc., 1290 Broadway, Suite 1100, Denver, Colorado 80203 or call 800-920-0259. Please read the Fund's Prospectus carefully before investing.
USCI, USAG, USO, USL, USOU, DNO, USOD, BNO, UNG, UNL, UGA, UHN, and CPER are commodity pools regulated by the Commodity Futures Trading Commission. These Funds are not mutual funds or any other type of Investment Company within the meaning of the Investment Company Act of 1940, as amended, and are not subject to regulation thereunder.
Past performance does not guarantee future results.
Commodity trading is highly speculative and involves a high degree of risk. Commodities and futures generally are volatile and are not suitable for all investors. An investor may lose all or substantially all of an investment. Investing in commodity interests subject each Fund to the risks of its related industry. These risks could result in large fluctuations in the price of a particular Fund's respective shares. Funds that focus on a single sector generally experience greater volatility. For further discussion of these and additional risks associated with an investment in the Funds please read the respective Fund Prospectus before investing.
Leveraged and inverse exchange-traded products pursue daily leveraged investment objectives which means they are riskier than alternatives which do not use leverage. They seek daily goals and should not be expected to track the underlying benchmark over periods longer than one day. Due to the compounding of daily returns, returns over periods other than one day will likely differ in amount and possibly direction from the target return for the same period. They are not suitable for all investors and should be utilized only by investors who understand leverage risk and who actively manage their investments. For more on correlation, leverage and other risk factors, please read the prospectus.
USOU and USOD are new and have a limited operating history.
Funds distributed by and not affiliated with ALPS Distributors, Inc.
SummerHaven Index Management is not affiliated with ALPS Distributors, Inc.
USO001449 Exp. 9/30/2019
SOURCE USCF
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