USCF Announces Launch of the USCF Midstream Energy Income Fund with Miller/Howard Investments (Ticker: UMI)

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Mar 24, 2021, 09:00 ET

WALNUT CREEK, Calif., March 24, 2021 /PRNewswire/ -- USCF today announced it has launched the USCF Midstream Energy Income Fund ("UMI" or the "Fund") with sub-adviser Miller/Howard Investments (Miller/Howard), a Woodstock, NY based, research-driven portfolio management firm. The Fund, an actively-managed exchange traded fund (ETF), will apply Miller/Howard's hallmark bottom-up fundamental research to midstream energy infrastructure companies focused on transportation, storage and gathering and processing. The Miller/Howard investment philosophy emphasizes income-producing equities as an essential element to building long-term wealth. Dividend income, from high-yielding sectors like midstream energy, can be used to fund current spending needs or, when reinvested, to drive the power of compounding to grow wealth over time. Miller/Howard has integrated environmental, social, and governance (ESG) analysis with fundamental research since the inception of their first strategy in 1991.

"USCF was founded on the principal of bringing previously difficult to access asset classes to every investor," said John Love, President and CEO of USCF. "UMI introduces the midstream energy market to our investors thoughtfully by not only seeking a high level of income but also offering exposure to master limited partnerships (MLPs) without a K-1."

UMI is the first collaboration between USCF and Miller/Howard and illustrates how it is possible to invest in the energy sector while considering ESG attributes. Miller/Howard's research and analysis focuses on the quality of a company, its ability to grow income, and the sustainability of its business model and practices. In the unique case of MLPs, where traditional avenues for shareholder engagement and proxy voting are unavailable, Miller/Howard has written two Open Letters to MLP/Midstream Management Teams calling for them to address key issues to become better aligned with investors. Miller/Howard is also dedicated to dialogues with MLP and midstream companies, with recent initiatives focused on environmental management, board gender diversity, and disclosures around executive compensation.

"We are excited to enter the ETF arena with our new collaborators, USCF," said Luan Jenifer, President of Miller/Howard Investments. "This new Fund utilizes the established methods that Miller/Howard has effected to bring the midstream energy sector, including MLPs, to investors more broadly and without a K-1."

"Our team is thrilled with the opportunity work alongside Miller/Howard," said Love. "We feel that their perspective and approach to midstream energy is refreshing and beneficial to the space."

About USCF

USCF operates on the leading edge of exchange-traded product (ETP) and exchange-traded fund (ETF) innovation. 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 nine more ETPs and ETFS across commodity and equity asset classes. USCF Advisors, LLC, an affiliate of USCF, serves as the investment adviser to the Fund. USCF and its affiliates currently manage approximately $5 billion in assets from its headquarters in Walnut Creek, California.

About Miller/Howard Investments

Miller/Howard Investments was founded as an institutional research firm in 1984 and has managed equity portfolios with an income focus since 1991. The firm invests in quality stocks with strong balance sheets, governance, and fundamentals. The firm seeks companies with the ability to pay and willingness to increase dividends over the years, creating compounding returns, and, ultimately, offering investors the opportunity for capital appreciation over time.

Forward Looking Statements

Statements other than statements of historical facts included in this press release may constitute forward looking statements and are not guarantees of future performance or results and involve a number of assumptions, risks and uncertainties, which change over time. Actual results may differ materially from those anticipated in any forward-looking statements as a result of a number of factors, including those described from time to time in filings by USCF with the Securities and Exchange Commission. USCF undertakes no duty to update any forward-looking statement made herein. All forward-looking statements speak only as of the date of this press release.

John P. Love is a registered representative of ALPS Distributors, Inc.

An investor should consider the investment objectives, risks, charges and expenses of the Fund carefully before investing. To obtain a prospectus containing this and other information, please call 1-800-920-0259 or download the file from www.uscfinvestments.com.

There can be no assurance that an active trading market for shares of an ETF will develop or be maintained.

The Fund invests primarily in energy infrastructure companies which may be affected by fluctuations in energy prices and supply and demand of energy fuels. A decrease in the production of energy commodities or a decrease in the volume of such commodities available for transportation, processing, storage or distribution (such as reduced volumes of natural gas or other energy commodities so available), or a sustained decline in demand for such commodities (such as a sustained reduced demand for crude oil, natural gas, and refined petroleum products resulting from a recession or an increase in market price or higher taxes) may adversely impact the financial performance of those companies operating in the energy sector in which the Fund invests. An investment in MLP units involves risks that differ from a similar investment in equity securities, such as common stock, of a corporation. As compared to common shareholders of a corporation, holders of MLP units have more limited control and limited rights to vote on matters affecting the partnership.

Diversification does not eliminate the risk of experiencing investment losses. An investment in the fund involves risk, including loss of principle. ALPS Distributors, Inc. is unaffiliated with USCF Advisers and Miller/Howard Investments. Funds distributed by ALPS Distributors, Inc.

Commodity Fund Disclosures:
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. Investing in commodity interests subject each Fund to the risks of its related industry. An investor may lose all or substantially all of an investment. 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.

SOURCE United States Commodity Funds