USO – United States Oil – ETF Investment Strategy | Morningstar

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Strategy

The investment seeks the daily changes in percentage terms of its shares’ per share NAV to reflect the daily changes in percentage terms of the spot price of light, sweet crude oil delivered to Cushing, Oklahoma, as measured by the daily changes in the price of a specified short-term futures contract on light, sweet crude oil called the “Benchmark Oil Futures Contract,” plus interest earned on USO’s collateral holdings, less USO’s expenses. USO seeks to achieve its investment objective by investing primarily in futures contracts for light, sweet crude oil, other types of crude oil, diesel-heating oil, gasoline, natural gas, and other petroleum-based fuels.

Ticker	Name	Share Class Type	Investment Status	Morningstar Rating for Funds Overall	Medalist Rating Overall	Inception Date	Total Net Assets for Share Class	Adjusted Expense Ratio	Fee Level Distribution	Minimum Initial Investment	1-Year Net Flow
USO	United States Oil Fund, LP	ETF	Open	—	—	Apr 10, 2006	—	0.860%	—	—	—
—	United States Oil Fund, LP	ETF	Open	—	—	Apr 10, 2006	—	0.860%	—	—	—
USO	United States Oil Fund, LP	ETF	Open	—	—	Apr 10, 2006	$1.66B	0.860%	—	—	−$473.32M

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