USCF Announces Launch of the USCF SummerHaven Dynamic Commodity Strategy No K-1 Fund With SummerHaven Index Management

"SDCI has been a major component of our plan to offer investors truly diversified access to the commodity space," said John Love, President and CEO of USCF.  "The SummerHaven Dynamic Commodity Index^SM ushered in a new generation in commodity indexing.  Rather than making incremental changes to established benchmarks, the index was built from the ground up in 2009 placing the needs and goals of investors first.  Investors have frequently asked for an investment vehicle that is guided by the SummerHaven Dynamic Commodity Index^SM but that does not issue a K-1 tax form, and the ETF structure of SDCI enables us to do that." 

SummerHaven and USCF have collaborated on three other exchange traded products: the United States Copper Index Fund (NYSE Arca: CPER), the United States Agriculture Index Fund (NYSE Arca: USAG), and the United States Commodity Index Fund (NYSE Arca: USCI), which also uses the SummerHaven Dynamic Commodity Index^SM as a benchmark, as well as a mutual fund, the USCF Commodity Strategy Fund. The SummerHaven Dynamic Commodity Index^SM is a total return commodity sector index designed to broadly represent major commodities. It reflects the performance of a fully collateralized portfolio of 14 commodity futures, selected each month from a universe of 27 eligible contracts. Unlike many commodity indices, the index rebalances to equal weights on a monthly basis and features a diversification rule that allows it to maintain broad exposure to all commodity sectors.

"We are excited to build on our long-term collaboration with USCF and to leverage the great success of our other funds," said Ashraf Rizvi, Partner of SummerHaven. "This new Fund utilizes the established SummerHaven Dynamic Commodity Index^SM as its benchmark, providing an attractive commodity ETF with no K-1 for investors."

"Our team is thrilled with the opportunity to expand our relationship with SummerHaven," said Love. "We feel that they possess unparalleled expertise and depth of knowledge, and their work is a benefit to the world of commodity investing."

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 fifteen more ETPs and ETFS, as well as a mutual fund, across commodity and equity asset classes. USCF Advisers, LLC, an affiliate of USCF, serves as the investment adviser to the Fund.  USCF and its affiliates currently manage over $3 billion in assets from its headquarters in Oakland, California.

About SummerHaven Index Management
SummerHaven Index Management, LLC creates innovative commodity indexes focused on seeking to provide investors with better risk-adjusted returns than traditional commodity indexes. The firm is the owner, creator, and licensor of the SummerHaven Dynamic Commodity Index^SM, the SummerHaven Dynamic Agriculture Index^SM (SDAI), the SummerHaven Dynamic Metal Index^SM (SDMI), and the SummerHaven Copper Index^SM (SCI). The firm is led by a seasoned management team with over 100 years of collective experience in commodity futures, academics, investment management, and exchange traded products. For more information, please visit www.summerhavenindex.com.  

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 the Company with the Securities and Exchange Commission. The Company 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.

USCF is a registered trademark. All rights reserved.

John P. Love and Katie Rooney are registered representatives of ALPS Distributors, Inc.

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.

We advise you to consider a Fund's objectives, risks, charges and expenses carefully before investing. Download a copy of a Fund's Prospectus by clicking one of the following: USCI, USAG,  CPER and USO which contains this and other information, or contact the Fund's distributor at: ALPS Distributors, Inc., 1290 Broadway, Suite 1100, Denver, Colorado 80203 or call 800-920-0259. Please read the Fund's Prospectus carefully before investing.

An investment in the USCF SummerHaven Dynamic Commodity Strategy No K-1 Fund may not be suitable for all investors. Investing involves risks, including loss of principal. There is no guarantee that the fund's objective will be met. The USCF SummerHaven Dynamic Commodity Strategy No K-1 Fund is non-diversified and entails certain risks, including risks associated with the use of derivatives (swap agreements, futures contracts and similar instruments) and the risk associated with investment in commodities. Investing in derivatives, including futures and swaps, entails risks relating to liquidity, counterparty, leverage and credit that may reduce return and increase volatility. Commodities contain a heightened risk including market and price movements that are outside the Fund's control and may be influenced by weather and climate conditions, livestock disease, war, terrorism, political conflicts and economic event, interest rates, currency exchange rates, U.S. and non-U.S. government regulation and taxation Investments held in U.S. government securities and money market instruments can suffer losses. The Fund is exposed to non-diversification risk which results from the Fund's direct or indirect investment in commodities and futures contracts that are economically identical or substantially similar. Please read the Fund's prospectus for a more complete description of risks, including information about the above and other risks including correlation and specific risks regarding each commodity sector and the investment in the Subsidiary.

The USCF SummerHaven Dynamic Commodity Strategy No K-1 Fund is new and has a limited operating history It may not attract sufficient assets to achieves its investment objective. We advise you to consider a Fund's objectives, risks, charges and expenses carefully before investing. Download a copy of a Fund's Prospectus by clicking here: USCF SummerHaven Dynamic Commodity Strategy No K-1 Fund. Please read the Prospectus carefully before investing.

ALPS Distributors, Inc. is unaffiliated with USCF Advisers and SummerHaven Index Management. Funds distributed by ALPS Distributors, Inc.

SOURCE USCF