USCF Midstream Energy Income Fund
Ticker: UMI
Expense ratio: 0.85%
Effective date: February 17, 2021 - DELAYED
Investment objective:
The USCF Midstream Energy Income Fund seeks to provide high level of income and capital appreciation.
Investment Strategy
The Fund’s investment sub-adviser, Miller/Howard Investments, Inc. utilizes a bottom-up fundamental research process to evaluate midstream energy companies on a number of key metrics, including income, growth of income, distribution coverage, leverage, direct-commodity price exposure, and contract quality. To be considered as potential investments, such companies will typically meet the Sub-Adviser’s criteria of persistent cash flow generation and have management teams with a consistent track record of efficient capital allocation.
What the heck is midstream energy?
The Sub-Adviser considers midstream energy services to be transportation, storage, and gathering & processing infrastructure that primarily collect fees for transporting customers’ oil, natural gas, and other products (collectively, “midstream energy sector”).
From Wikipedia:
"The oil and gas industry is usually divided into three major components: upstream, midstream and downstream. The midstream sector involves the transportation (by pipeline, rail, barge, oil tanker or truck), storage, and wholesale marketing of crude or refined petroleum products."
Sub-adviser: Miller/Howard Investments, Inc. based in Woodstock, NY
"Specializing in Income-Producing Equities since 1991"
Prospectus is here.
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