ETF Evaluator:
USCF Sustainable Commodity Strategy ()
Follow This ETF
(as of Aug 26)
Best Performing in Commodities Broad Basket Over the Last Year
| 54.6% | VanEck Commodity Strategy ETF (PIT) |
| 44.8% | DB Commodity Long ETN (DPU) |
| 40.4% | iShares S&P GSCI Commodity-Indexed Trust (GSG) |
| 40.1% | iPath® Bloomberg Cmdty TR ETN (DJP) |
| 39.9% | Harbor Commodity All-Weather StrategyETF (HGER) |
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ETF Details
USCF Sustainable Commodity Strategy Overview
USCF Sustainable Commodity Strategy (ZSC) is an actively managed Commodities Commodities Broad Basket exchange-traded fund (ETF). USCF Investments launched the ETF in 2023.
The investment seeks total return.
The fund advisor seeks to provide broad exposure to commodities across three different sustainability focused themes: agriculture, renewable energy and electrification. In order to provide such exposure, the fund will invest primarily in derivatives instruments for which the underlying assets are commodities and equity securities that are economically tied to particular commodities. The fund’s exposure to each of the three sustainability themes will be approximately equally weighted. The fund is non-diversified.
About USCF Sustainable Commodity Strategy (ZSC)
There are 3 members of the management team with an average tenure of 2.98 years: Andrew Ngim (2023), Seth Lancaster (2023) and Darius Coby (2023). Management tenure is more important for actively managed ETFs than passive index ETFs.
The ETF has 2 primary benchmarks: S&P 500 (TR) (1970) index with a weighting of 100% and Bloomberg Commodity TR USD index with a weighting of 100%. USCF Sustainable Commodity Strategy has 3 securities in its portfolio. The top 10 holdings constitute 84.4% of the ETF’s assets. The ETF meets the SEC requirement of being classified as a nondiversified fund. The ETF is considered to have an ESG focus with its investment selection and management.
USCF Sustainable Commodity Strategy is part of the Real Assets global asset class and is within the Commodities ETF group. USCF Sustainable Commodity Strategy has 0.0% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 0.0% There is 0.0% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 0.0% (0.0% domestic bond, 0.0% foreign bond and 0.0% convertible bond). USCF Sustainable Commodity Strategy has 82.8% of the portfolio in cash.
Assets Under Management
The fund has $2 million in total assets, which is below the $831 million average for the Commodities Broad Basket category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.
ZSC Performance and Fees
The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The USCF Sustainable Commodity Strategy expense ratio is average compared to funds in the Commodities Broad Basket category. USCF Sustainable Commodity Strategy has an expense ratio of 0.52%, which is 21% lower than its category average, making the fund expense ratio grade a A. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.
High portfolio turnover can translate to higher expenses and lower aftertax returns. USCF Sustainable Commodity Strategy has a portfolio turnover rate of 14%, which indicates that it holds its assets around / 0.1 years. By way of comparison, the average portfolio turnover is 26% for the Commodities Broad Basket category.
Recently, in the month of July 2026, USCF Sustainable Commodity Strategy returned 1.1%, which earned it a grade of F, as the Commodities Broad Basket category had an average return of 6.9%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all ETFs in that category.
USCF Sustainable Commodity Strategy has a trailing yield of 1.65%, which is below the 5.12% category average.
The fund normally distributes its income annually and its capital gains annually.
It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.
USCF Sustainable Commodity Strategy Grades
Year to date, the ETF has returned 6.5%, 15.6 percentage points worse than the category, which translates into a grade of F. The fund has returned 28.9% over the past year (grade of D).
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ZSC Trailing NAV Total Returns Data as of 7/31/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| ZSC Return (NAV) | 1.1% | -1.9% | 28.9% | na | na | na |
| ZSC Return (Price) | 5.2% | 1.2% | 31.7% | na | na | na |
| NAV +/- Price Return | -4.082% | -3.068% | -2.788% | na | na | na |
| Commodities Broad Basket Avg | 6.9% | -4.5% | 31.7% | 13.2% | 11.6% | 8.6% |
| ZSC Grade (NAV) | F | B | D | na | na | na |
| +/- Category (NAV) | -5.7% | 2.6% | -2.7% | na | na | na |
| ZSC Tax-Cost Ratio | na | na | 0.7% | na | na | na |
ZSC Annual NAV Total ReturnsData as of 7/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| ZSC Return (NAV) | 6.5% | 27.5% | -13.5% | na | na | na | na | na | na | na | na |
| ZSC Return (Price) | 9.8% | 27.0% | -13.5% | na | na | na | na | na | na | na | na |
| NAV +/- Price Ret | 0.495% | -0.017% | -0.004% | na | na | na | na | na | na | na | na |
| Commodities Broad Basket Avg | 22.1% | 15.5% | 7.4% | -4.2% | 15.9% | 31.9% | -4.8% | 7.3% | -10.7% | 5.9% | 11.7% |
| ZSC Grade (NAV) | F | A | F | na | na | na | na | na | na | na | na |
| +/- Category | -15.6% | 12.0% | -20.9% | na | na | na | na | na | na | na | na |
| Risk Measures | |
| Beta: | na |
| R-Squared: | na |
| Standard Deviation: | na |
| Category Risk Index: | na |
| Category Risk Rating: | |
| Total Risk Index: | na |
| Total Risk Rating: | |
| Portfolio Characteristics | |
| Yield: | 1.7% |
| Total Assets: | $ 3 Mil |
| Share Class Assets: | $ 3 Mil |
| Turnover: | 14.0% |
| Expense Ratio: | 0.52% |
| Index Fund: | No |
| Index Tracked: | S&P 500 (TR) (1970) |
| Index Weighting: | 100% |
| Leveraged: | No |
| Socially Responsible Fund: | Yes |
| Capital Gains Distribution Frequency: | Annually |
| Income Distribution Frequency: | Annually |
Management Team
| Number of Managers: 3 | |||
| Longest Tenure: 3.0 years | |||
| Average Tenure: 3.0 years | |||
| Managers (Year): Ngim Andrew (2023), Lancaster Seth (2023), Coby Darius (2023) | |||
Portfolio Composition (as of 7/31/26)
| # of Holdings: | 3 |
| % in Top 10 Holdings: | 84.4% |
| Fund is Non-Diversified: | Yes |
| % in Foreign Issues: | 0.0% |
Portfolio Allocation |
|
| Domestic Stock: | 0.0% |
| Foreign Stock: | 0.0% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 0.0% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.0% |
| Other: | 17.2% |
| Cash: | 82.8% |
Purchase Information
| Legal Structure: | Open Ended Investment Company |
| Fund Family: | USCF Investments |
| Phone Number: | 800-920-0259 |
| Website: | www.uscfinvestments.com |
| Inception Date: | August 8, 2023 |
Expenses and Fees
| Expense Ratio (%): | 0.52% (Rating: Avg) |
| Category Average Expense Ratio (%): | 0.66% |
