Commodity ETFs lowers fees

United States Commodity Funds (USCF) announced that effective today, the management fees of four of its exchange-traded products will be contractually lowered through Dec. 31, 2015.  With this new contractual fee waiver, the maximum management fee for the United States Commodity Index Fund (NYSE:USCI) will be limited to 0.80%.  For United States Copper Index Fund(NYSE:CPER), United States Metals Index Fund(NYSE:USMI) and United States Agriculture Index Fund(NYSE:USAG) the maximum management fee will be limited to 0.65%. 

"These funds were designed with the buy-and-hold investor in mind, and we want to demonstrate that we also view these as long-term investments." stated John Hyland, USCF's Chief Investment Officer.  "We believe this will be an effective longer-term strategy to continue to grow our assets."

United States Commodity Index fund tracks a broad basket of commodity futures contracts. USCI is used by investors seeking exposure to the returns of a portfolio of commodities futures contracts.  United States Copper Index Fund is used by investors who seek exposure to a portfolio of copper futures contracts.   United States Metals Index Fund tracks a portfolio of Industrial and Precious Metals commodity futures contracts.  United States Agriculture Index Fund tracks a portfolio of agriculture commodity futures contracts.  USMI and USAG are used by investors seeking exposure to a portfolio of metals commodity futures contracts and agriculture commodity futures contracts, respectively.

United States Commodity Funds operates 12 exchange-traded products that focus on commodities, and has approximately $2 billion in assets under management as of March 31, 2014. 

 

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