USCF Files to Add Two "Contango-Killer" Products to Their Commodity Brand (Tickers: USOP, UNGP)
OAKLAND, Calif., Sept. 11, 2017 /PRNewswire/ -- USCF today announced it has filed a registration statement to add two new funds to their expanding commodity product line, the USCF Contango-Killer Oil Fund (No K-1) (NYSE Arca: USOP) and the USCF Contango-Killer Natural Gas Fund (No K-1) (NYSE Arca: UNGP).
"USCF's mission is to offer investors new and innovative ways to access energy, commodity, and alternative markets," said John Love, President and CEO of USCF. "Our new Contango-Killer funds were designed to provide a long-sought solution to one of the central challenges in commodity investing."
The USCF Contango-Killer Oil Fund (No K-1) seeks total return similar to or in excess of the long-term spot price of West Texas Intermediate light, sweet crude oil ("WTI"), before fees and expenses, over a full market cycle by attempting to substantially eliminate the effects of a condition in futures markets known as "Contango."
The USCF Contango-Killer Natural Gas Fund (No K-1) seeks total return in excess of the long-term returns of nearby Henry Hub Natural Gas futures, before fees and expenses, over a full market cycle by attempting to substantially eliminate the effects of a condition in futures markets known as "Contango."
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.
Please note that the information concerning USOP and UNGP is subject to change. A registration statement for USOP and UNGP 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.
John P. Love and Katie Rooney are registered representatives 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.
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.
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. They are not suitable for all investors and should be utilized only by investors who understand leverage risk and who actively manage their investments.
Funds distributed by and not affiliated with ALPS Distributors, Inc.
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SOURCE USCF
