USCF Announces Fee Reduction On Both of Its Tripled Levered Oil Products

OAKLAND, Calif., Nov. 15, 2017 /PRNewswire/ -- USCF announced today that effective immediately, it will decrease fees on both of its triple levered exchange-traded products (ETPs): the United States 3x Oil Fund (USOU) and the United States 3x Short Oil Fund (USOD).  Management Fees will be lowered significantly on both funds and a new fee waiver will reduce the brokerage fees paid by both funds.

The fee reductions follow the launch of (NYSE Arca: USOU) and (NYSE Arca: USOD) earlier this year. The firm added these triple levered ETPs to its existing portfolio of single commodity ETPs in response to investor demand for new products that follow the same investment principals as the firm's flagship product the United States Oil Fund, LP (USO).

"Our scale allows us to create additional cost-efficiencies and pass those savings along to our ETP investors," said John Love, President and Chief Executive Officer of USCF.  "We want these funds to be as accessible as possible for investors to help them reach their investment goals."

The following table lists for USOU and USOD the prior fees and expenses and the new reduced fees and expenses.

¹The Funds are contractually obligated to pay USCF a management fee based on daily net assets and paid monthly of 0.95% per annum on average net assets. Average daily net assets are calculated daily by taking the average of the total net assets of the Funds over the calendar year, i.e., the sum of daily total net assets divided by the number of calendar days in the year. On days when markets are closed, the total net assets are the total net assets from the last day when the market was open.

²USCF has voluntarily agreed to pay certain brokerage and registration fees typically borne by the Fund, to the extent that such fees exceed 0.05% of the Fund's NAV, on an annualized basis. USCF can terminate this agreement at any time in its sole discretion. If this agreement were terminated, the Annual Fund Operating Expenses could increase, which would negatively impact your total return from an investment in the Fund.

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 fourteen more specialty products across commodity and equity asset classes. USCF currently manages approximately $4 billion in assets from its headquarters in Oakland, California.

John Love and Kate Rooney are Registered Representatives of ALPS Distributors, Inc.

ETP DISCLOSURES
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:   USOU or USOD 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.

These Funds, which are ETPs, 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.

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.

USCF Funds are distributed but not affiliated with ALPS Distributors, Inc.

USO001509   Exp. 11/30/2019

SOURCE USCF