Now On Demand.
Gold has been used for thousands of years as a reliable store of value. More recently, investors have used gold to diversify traditional portfolio holdings such as stocks and bonds, particularly during periods of financial distress and inflation. U.S. gold ETFs have grown to approx. $100 billion in AUM, typically holding physical gold with storage and management fees while generating zero dividends. SummerHaven and USCF Investments have developed a new ETF approach: gold investors can capture current income through dividends while achieving the traditional portfolio properties of a gold investment through use of gold futures, U.S. Treasury collateral and a “covered-call” option overlay. We will review a brief history of gold investments, portfolio properties, and an overview of the strategy for the USCF Gold Strategy Plus Income Fund (ETF ticker: GLDX).
Speaker:
Kurt NelsonCEO and FounderSummerHaven Index Management
Kurt is a Founding Partner of SummerHaven and serves as Managing Partner. Previously, he was Head of the Commodity Index business at UBS Investment Bank. He was a member of the Supervisory Committee for both the DJ-UBS Commodity Index (now known as the Bloomberg Commodity Index) and the UBS Bloomberg CMCI Index. Kurt was also responsible for launching the UBS Exchange-traded note platform (E-TRACS). Prior to UBS, Kurt created and managed the high net worth business for AIG Financial Products, and he also provided equity derivative and commodity index solutions for U.S. corporations, institutional investors and principal dealers.
Kurt served in U.S. Navy Intelligence from 1988-1992, and he received his B.S. in Mathematics from the College of William and Mary.
Ryan KatzNational Sales DirectorUSCF Investments
Ryan is USCF’s National Sales Director. In this capacity, Ryan is responsible for educating financial intermediaries on all USCF products, presenting USCF research and product development. Prior to joining USCF, Ryan was an Account Executive with Meridian-IQ where he worked with hundreds of financial services firms, including USCF, to help maximize their distribution efforts with the use of data and technology. Ryan is a graduate of Florida State University with degrees in Finance and Real Estate. Ryan is also a 2020 candidate in the Duke Fuqua Global executive MBA program. He holds NFA series 3 and 30 registrations as well as FINRA Series 7 and 63 and is a Chartered Alternative Investment Analyst charterholder.
Ryan Katz is a Registered Representative of ALPS Distributors, Inc.
The Fund intends to pay out dividends on a quarterly basis. Nonetheless, it is possible that the Fund may not make a dividend payment every quarter. The Fund intends to distribute its net realized capital gains, if any, to investors annually.
Commodity trading is highly speculative and involves a high degree of risk. Commodities and futures generally are volatile and are not suitable for all investors. An investor may lose all or substantially all of an investment. Investing in commodity interests subject each Fund to the risks of its related industry. These risks could result in large fluctuations in the price of a particular Fund’s respective shares. Funds that focus on a single sector generally experience greater volatility. For further discussion of these and additional risks associated with an investment in the Funds please read the respective Fund Prospectus before investing.ETF Disclosures: We Advise you to consider a fund’s objectives, strategies, risks, charges and expenses carefully before investing. The Prospectus contains this and other information. Download a copy of a fund’s Prospectus by clicking the following: SDCI, UMI or GLDX . Please read any prospectus carefully before investing.
Funds distributed by ALPS Distributors, Inc
