Key stats
About United States Oil Fund
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Inception date
Apr 10, 2006
Structure
Commodities Pool
Distribution tax treatment
No distributions
Income tax type
60/40
Max ST capital gains rate
27.84%
Max LT capital gains rate
27.84%
Primary advisor
United States Commodity Funds LLC
Distributor
ALPS Distributors, Inc.
USO delivers its exposure to oil using near-term futures. USO gets exposure to oil using derivatives, like several oil ETPs. The fund predominately holds near-month-futures contracts on WTI, rolling into future contracts every month. This method is particularly sensitive to short-term changes in spot prices. USO held front month contracts until April 17, 2020, at which time following leeway in the prospectus, USO changed the exposure from holding specifically front-month contracts to holding predominantly front-month contracts, 30% next month and 15% contracts with further expiry. USO is structured as a commodities pool, so expect a K-1 at tax time. Long-term holders will be taxed on any gains even if they didn't sell shares.
Classification
Returns
| 1 month | 3 months | Year to date | 1 year | 3 years | 5 years | |
|---|---|---|---|---|---|---|
| Price performance | — | — | — | — | — | — |
| NAV total return | — | — | — | — | — | — |
What's in the fund
Exposure type
Cash
Futures
Bonds, Cash & Other100.00%
Cash57.79%
Futures41.65%
Miscellaneous0.56%
Top 10 holdings
Dividends
Dividend payout history
Assets under management (AUM)
Fund Flows
Frequently Asked Questions
USO assets under management is 871.98 M USD. It's fallen 20.94% over the last month.
USO fund flows account for −372.82 M USD (1 year). Many traders use this metric to get insight into investors' sentiment and evaluate whether it's time to buy or sell the fund.
No, USO doesn't pay dividends to its holders.
USO shares are issued by The Marygold Cos, Inc. under the brand US Commodity Funds. The ETF was launched on Apr 10, 2006, and its management style is Passive.
USO expense ratio is 0.60% meaning you'd have to pay 0.60% of your investment to help manage the fund.
USO follows the Front Month Light Sweet Crude Oil. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
USO invests in cash.
USO price has fallen by −0.09% over the last month, and its yearly performance shows a −10.15% decrease. See more dynamics on USO price chart.
NAV returns, another gauge of an ETF dynamics, have fallen by −0.24% over the last month, showed a −10.20% decrease in three-month performance and has decreased by −9.68% in a year.
NAV returns, another gauge of an ETF dynamics, have fallen by −0.24% over the last month, showed a −10.20% decrease in three-month performance and has decreased by −9.68% in a year.
USO trades at a premium (0.22%) meaning the ETF is trading at a higher price than the calculated NAV.