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USCF Investments, a subsidiary of The Marygold Companies (NYSE-American: MGLD), announced significant growth in its ETF Trust platform, surpassing $500 million in assets under management. The company's USCF SummerHaven Dynamic Commodity Strategy No K-1 Fund (SDCI) has been nominated for 'Commodity ETF of the Year' by ETF.com.
Launched in 2018, SDCI was designed to provide investors with dynamic, broad commodity exposure without requiring a K-1 tax form. The fund represents part of USCF's broader portfolio, which includes fifteen ETFs across commodity and alternative asset classes. The company, which pioneered the first oil ETF in 2006, now manages over $3 billion in total assets from its Walnut Creek, California headquarters.
USCF has launched the USCF Gold Strategy Plus Income Fund (GLDX), in partnership with SummerHaven Investment Management. This actively managed ETF aims to provide long-term investment performance aligned with gold prices while generating income through selling gold call options and collateral interest. GLDX is designed to enhance gold exposure with an income objective, offering investors a viable inflation-hedging strategy.
With a history of successful commodity ETPs, USCF currently manages approximately $4.5 billion in assets from Walnut Creek, California.