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FINANCIAL HIGHLIGHTS (Tables)
3 Months Ended
Mar. 31, 2019
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Per Unit Performance Data and Other Supplemental Financial Data for Usci, Cper, Usag and Usmi
The following tables present per share performance data and other supplemental financial data for each Trust Series for the three months ended March 31, 2019 and 2018 for the shareholders. This information has been derived from information presented in the condensed financial statements.
 
USCI
 
 
 
For the three months ended
March 31, 2019
(Unaudited)
 
 
For the three months ended
March 31, 2018
(Unaudited)
 
Per Share Operating Performance:
 
 
 
 
 
 
 
 
Net asset value, beginning of period
 
$
37.49
 
 
$
42.48
 
Total income (loss)
 
 
1.43
 
 
 
0.35
 
Total expenses
 
 
(0.11
)
 
 
(0.11
)
Net increase (decrease) in net asset value
 
 
1.32
 
 
 
0.24
 
Net asset value, end of period
 
$
38.81
 
 
$
42.72
 
 
 
 
 
 
 
 
 
 
Total Return
 
 
3.52
%
 
 
0.56
%
 
 
 
 
 
 
 
 
 
Ratios to Average Net Assets
 
 
 
 
 
 
 
 
Total income (loss)
 
 
3.79
%
 
 
0.81
%
Management fees*
 
 
0.80
%**
 
 
0.80
%**
Total expenses excluding management fees*
 
 
0.32
%
 
 
0.27
%
Expenses waived*
 
 
%**
 
 
%**
Net expenses excluding management fees*
 
 
0.32
%
 
 
0.27
%
Net income (loss)
 
 
3.51
%
 
 
0.55
%
 
*
Annualized.
**
Effective January 1, 2016, USCF permanently lowered the management fee to 0.80% (80 basis points) per annum of average daily total net assets for USCI.
 
CPER
 
 
 
For the three months ended
March 31, 2019
(Unaudited)
 
 
For the three months ended
March 31, 2018
(Unaudited)
 
Per Share Operating Performance:
 
 
 
 
 
 
 
 
Net asset value, beginning of period
 
$
16.44
 
 
$
21.05
 
Total income (loss)
 
 
1.95
 
 
 
(1.71
)
Net expenses
 
 
(0.03
)
 
 
(0.04
)
Net increase (decrease) in net asset value
 
 
1.92
 
 
 
(1.75
)
Net asset value, end of period
 
$
18.36
 
 
$
19.30
 
 
 
 
 
 
 
 
 
 
Total Return
 
 
11.68
%
 
 
(8.31
)%
 
 
 
 
 
 
 
 
 
Ratios to Average Net Assets
 
 
 
 
 
 
 
 
Total income (loss)
 
 
10.64
%
 
 
(8.46
)%
Management fees*
 
 
0.65
%**
 
 
0.65
%**
Total expenses excluding management fees*
 
 
0.91
%
 
 
0.39
%
Expenses waived*
 
 
(0.76
)%**†
 
 
(0.24
)%**†
Net expenses excluding management fees*
 
 
0.15
%
 
 
0.15
%
Net income (loss)
 
 
10.45
%
 
 
(8.66
)%
 
*
Annualized.
**
Effective January 1, 2016, USCF permanently lowered the management fee to 0.65% (65 basis points) per annum of average daily total net assets for CPER.
USCF paid certain expenses on a discretionary basis typically borne by CPER where expenses exceeded 0.15% (15 basis points) of CPER’s NAV, on an annualized basis. USCF has no obligation to continue such payments into subsequent periods.