UMI
USCF Midstream Energy Income Fund ETF
UMI holds an actively-managed portfolio of midstream energy infrastructure companies. The fund is income-focused and uses a fundamental approach that integrates ESG research.
US
EQUITY
Active
MANAGEMENT STYLE
380.1 M
ASSETS UNDER MGMT
85 bp
EXPENSES
Fund Basics
| Fund sponsor | Wainwright, Inc. |
| Category | US |
| Asset class | Equity |
| Website | link... |
| Inception date | Mar 24, 2021 |
| Assets (mns) | $380 |
| Expense ratio | 85 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | Quarterly |
| Taxation | 1099 |
| Stock selection | Proprietary |
| Weighting | Proprietary |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | No |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
| ENERGY TRANSFER, L.P. | 9.3 % |
| TARGA RESOURCES CORP | 8.1 % |
| ENBRIDGE INC | 7.7 % |
| ENTERPRISE PRODUCTS PARTNERS | 7.6 % |
| ONEOK INC | 6.6 % |
| MPLX LP | 5.9 % |
| CHENIERE ENERGY INC | 5.5 % |
| KINDER MORGAN INC | 4.8 % |
| DT MIDSTREAM, INC. | 4.7 % |
| WILLIAMS COS INC | 4.7 % |
Constituent Breakdown
| Number of holdings | 24 |
| Herfindahl-Hirschman Index | 561 |
| Wgt avg mkt cap (mns) | $36,544 |
| Large cap (>$10bn) | 74.0% |
| Mid cap ($2-10bn) | 21.3% |
| Small cap (<$2bn) | 2.6% |
| Developed mkts. | 100.0% |
| Emerging mkts. | 0.0% |
Country Exposure
 |
UNITED STATES | 76.3 % |
 |
CANADA | 21.3 % |
Historical Performance
Standardized Performance (as of 10/31/2024)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
|---|---|---|---|---|---|---|---|
| Total Returns | 32.2% | 39.4% | 22.4% | -- | -- | -- | 20.7% | Volatility | 12.6% | 13.0% | 15.2% | 19.9% | 27.1% | -- | -- |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.73 | 46% |
| MSCI EAFE | 0.64 | 37% |
| MSCI Emg Mkts | 0.45 | 18% |
Liquidity Measures
| Avg. volume (000) | 22 |
| Turnover | 0.3% |
| Avg. Bid/Ask (% of price) | 0.31% |
| ADV of underlying (mns) | $2,632 |
Technical Indicators
| Recent close | $53.61 |
| 30d moving avg. | $46.34 |
| Annualized volatility | 18.6% |
| Relative strength (RSI) | 61 |
| Short interest (ETF) | 0.1% |
| Short interest (underlying) | 0.0% |
Distributions
Assets Under Management (mns)
Money Flows (mns)
Short Interest (as % of shares outstanding)
Long Money Flows (mns)
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Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. UMI |
Expenses vs. UMI |
ALTAR Score™ vs. UMI |
|---|---|---|---|---|
| ENFR | Alerian Energy Infrastructure ETF | 87.6% | -50 bp | +0.4% |
| USAI | Pacer American Energy Independence ETF | 73.5% | -10 bp | -0.7% |
| EINC | VanEck Energy Income ETF | 60.1% | -37 bp | -0.1% |
| TPYP | Tortoise North American Pipeline Fund | 57.8% | -45 bp | +0.6% |
| MLPX | Global X MLP & Energy Infrastructure ETF | 55.2% | -40 bp | +0.1% |
| EMLP | First Trust North American Energy Infrastructure Fund | 48.3% | +10 bp | +0.8% |
| EIPI | FT Energy Income Partners Enhanced Income ETF | 44.8% | +25 bp | +1.5% |
| AMZA | InfraCap MLP ETF | 34.7% | +79 bp | +0.5% |
| TOLZ | ProShares DJ Brookfield Global Infrastructure ETF | 32.9% | -39 bp | +1.3% |
| EIPX | FT Energy Income Partners Strategy ETF | 32.0% | +10 bp | +2.4% |
Risk and Returns: UMI vs. Comps (1 YR)
Notes: Top 10 overlapping ETFs. Funds with insufficient history not shown. Some funds may overlap. Hover over data point for ticker symbol.
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Results & Estimates
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024E | 2025E | ||
|---|---|---|---|---|---|---|---|---|
| Sales per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Earnings per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Dividends per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Book value per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
EPS Revision Activity (6 mo. ago = 100%)
Compound Annual Growth Rates
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Valuation Metrics
| 2023 | 2024E | Fwd Est | 2025E | |
| Price-to-sales | --x | --x | --x | --x |
| Price-to-earnings | --x | --x | --x | --x |
| Price-to-cash flow | --x | --x | --x | --x |
| Price-to-growth | --x | --x | --x | --x |
| Price-to-book value | --x | --x | --x | --x |
| Yield | --% | --% | --x | --% |
Based on closing prices from 11/21/2024
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Price-to-Earnings
Price-to-Sales
Price-to-Book Value
Price-to-Cash Flow
Price-to-Growth
Dividend Yield
Historical Valuation Trends Sample data. Subscribe for access.
SHOWING:
Price-to-Earnings
Price-to-Earnings
UMI
Notes: Based on adjusted historical results for current fund constituents. May differ from results achieved by past fund constituents. Max P/E of 100x.
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ETF Research Center Rating
UNDERWEIGHT
Below average appreciation potential. A rating of UNDERWEIGHT is assigned to ETFs with ALTAR Scores in the 2nd quintile (ranking higher than only 20%-40%) of their category. Typically, funds in this category consist of stocks trading at relatively expensive valuations and/or having below-average fundamentals.
ALTAR Score™
UMI
3.6%
Cat. Avg
5.4%
ALTAR Score™ Calculation
Category Overview
There are 973 funds in the US Equity category, with an average ALTAR Score™
of 5.4% and a standard deviation of
2.4%. UMI's ALTAR Score™ is approximately
0.8 standard deviations
below
the category average. This places UMI in the 23rd percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
UMISELL
U/W
HOLD
O/W
BUY
Expense Analysis
| Peer Group | Active US Equity ETFs |
| # of ETFs | 308 |
| Avg. Expense Ratio | 67.1 bp |
| Std. Deviation | 37 bp |
| UMI (85 bp) Percentile rank | 71 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| UMI | 85.0 | 30.7 | 115.7 |
| Peer Avg. | 67.8 | 48.9 | 116.7 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .