# EDGAR Filing Document

**Accession Number:** 0001597389
**File Stem:** 0000940400-26-007962
**Filing Date:** 2026-2
**Character Count:** 24468
**Document Hash:** 012f465ae29c66e87f7e19fa8737f697
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000940400-26-007962.hdr.sgml**: 20260225

**ACCESSION NUMBER**: 0000940400-26-007962

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20251231

**FILED AS OF DATE**: 20260225

**DATE AS OF CHANGE**: 20260225

**PERIOD START**: 20260630

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** USCF ETF Trust
- **CENTRAL INDEX KEY:** 0001597389

**ORGANIZATION NAME:**
- **EIN:** 464572871
- **FISCAL YEAR END:** 0630

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-22930
- **FILM NUMBER:** 26677302

**BUSINESS ADDRESS:**
- **STREET 1:** 1850 MT. DIABLO BLVD.
- **STREET 2:** SUITE 640
- **CITY:** WALNUT CREEK
- **STATE:** CA
- **ZIP:** 94596
- **BUSINESS PHONE:** 510-522-9600

**MAIL ADDRESS:**
- **STREET 1:** 1850 MT. DIABLO BLVD.
- **STREET 2:** SUITE 640
- **CITY:** WALNUT CREEK
- **STATE:** CA
- **ZIP:** 94596

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** USCF Equity Trust
- **DATE OF NAME CHANGE:** 20140116

## Series and Classes Contracts Data

### USCF Sustainable Commodity Strategy Fund (Series ID: S000079954)

| Class ID   | Class Name                               | Ticker Symbol   |
|:---|:---|:---|
| C000241451 | USCF Sustainable Commodity Strategy Fund | ZSC             |

## Form NPORT-P: Monthly Portfolio Investments Report

### NPORT-P: Part A: General Information

**Item A.1. Information about the Registrant.**

- **a. Name of Registrant:** USCF ETF Trust

- **b. Investment Company Act file number:** 811-22930

- **c. CIK number of Registrant:** 0001597389

- **d. LEI of Registrant:** 549300MH2TWHBRNV2U91

- **e. Address and telephone number of Registrant.**

  - **Street Address 1:** 1850 MT.Diablo Boulevard, Suite 640

  - **City:** Walnut Creek

  - **State:** CA

  - **Foreign country:** US

  - **Zip / Postal Code:** 94596

  - **Telephone number:** 1-800-920-0259

**Item A.2. Information about the Series.**

- **a. Name of Series:** USCF Sustainable Commodity Strategy Fund

- **b. EDGAR series identifier (if any):** S000079954

- **c. LEI of Series:** 54930007KUNSZVHDUL18

**Item A.3. Reporting period.**

- **a. Date of fiscal year-end:** 2026-06-30

- **b. Date as of which information is reported:** 2025-12-31

**Item A.4. Final filing**

Does the Fund anticipate that this will be its final filing on Form N-PORT? **No**

### Fund Information

**Total Assets:** $2779830.67

**Total Liabilities:** $1828.42

**Net Assets:** $2778002.25

**Amount of Assets Invested in Other Investment Companies:** $502948.95

**Cash Not Reported:** $1895022.09

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000241451 | 7.45%                | 0.01%                | 4.43%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-46268.85               | $200427.80                                 |
| Month 2  | $-45765.37               | $25501.78                                  |
| Month 3  | $28130.69                | $14011.68                                  |

**Designated Index Information**

- **Index Name:** Blended Custom Benchmark

- **Index Identifier:** N/A

### Schedule of Portfolio Investments

| Name                                        | Title                                            | Identifiers                                   | Payoff Profile   | Asset Category   | Issuer Category   | Country   |   Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   |   Fair Value Level | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| BOARD OF TRADE OF THE CITY OF CHICAGO, INC. | SOYBEAN                                          | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DCO              | CORP              | US        |         2 | NC      | $-5825.00     | -0.21%            |  |  |  | No            |                  1 | On Loan: No      |
| BOARD OF TRADE OF THE CITY OF CHICAGO, INC. | CORN                                             | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DCO              | CORP              | US        |         8 | NC      | $-1100.00     | -0.04%            |  |  |  | No            |                  1 | On Loan: No      |
| THE LONDON METAL EXCHANGE                   | LME NICKEL                                       | CUSIP: 000000000<br>LEI: 213800NB8G5VRT1DXC91 | N/A              | DCO              | CORP              | GB        |         1 | NC      | $9138.42      | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| COMMODITY EXCHANGE, INC.                    | ALUMINUM                                         | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DCO              | CORP              | US        |         2 | NC      | $6987.50      | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| ICE FUTURES U.S., INC.                      | COTTON NO.2                                      | CUSIP: 000000000<br>LEI: 5493004R83R1LVX2IL36 | N/A              | DCO              | CORP              | US        |         1 | NC      | $-750.00      | -0.03%            |  |  |  | No            |                  1 | On Loan: No      |
| ICE ENDEX MARKETS B.V.                      | ECX EMISSION                                     | CUSIP: 000000000<br>LEI: 549300CZW488L20NT866 | N/A              | DCO              | CORP              | NL        |         1 | NC      | $5803.98      | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| ICE FUTURES U.S., INC.                      | COCOA                                            | CUSIP: 000000000<br>LEI: 5493004R83R1LVX2IL36 | N/A              | DCO              | CORP              | US        |         1 | NC      | $-2070.00     | -0.07%            |  |  |  | No            |                  1 | On Loan: No      |
| ICE FUTURES U.S., INC.                      | COFFEE 'C'                                       | CUSIP: 000000000<br>LEI: 5493004R83R1LVX2IL36 | N/A              | DCO              | CORP              | US        |         1 | NC      | $-11362.50    | -0.41%            |  |  |  | No            |                  1 | On Loan: No      |
| NEW YORK MERCANTILE EXCHANGE, INC.          | CHICAGO ETHANOL S                                | CUSIP: 000000000<br>LEI: 5493008GFNDTXFPHWI47 | N/A              | DCO              | CORP              | US        |         1 | NC      | $-1680.00     | -0.06%            |  |  |  | No            |                  1 | On Loan: No      |
| COMMODITY EXCHANGE, INC.                    | COPPER                                           | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DCO              | CORP              | US        |         1 | NC      | $16100.00     | 0.58%             |  |  |  | No            |                  1 | On Loan: No      |
| SINGAPORE EXCHANGE LIMITED                  | IODEX IO                                         | CUSIP: 000000000<br>LEI: 549300IQ650PPXM76X03 | N/A              | DCO              | CORP              | SG        |         6 | NC      | $894.00       | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| ICE FUTURES U.S., INC.                      | SUGAR #11 (WORLD)                                | CUSIP: 000000000<br>LEI: 5493004R83R1LVX2IL36 | N/A              | DCO              | CORP              | US        |         2 | NC      | $-2800.00     | -0.10%            |  |  |  | No            |                  1 | On Loan: No      |
| ICE FUTURES U.S., INC.                      | CANOLA (WCE)                                     | CUSIP: 000000000<br>LEI: 5493004R83R1LVX2IL36 | N/A              | DCO              | CORP              | US        |         9 | NC      | $-3095.28     | -0.11%            |  |  |  | No            |                  1 | On Loan: No      |
| BOARD OF TRADE OF THE CITY OF CHICAGO, INC. | ROUGH RICE (CBOT)                                | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DCO              | CORP              | US        |         4 | NC      | $-4400.00     | -0.16%            |  |  |  | No            |                  1 | On Loan: No      |
| Ming Yang Smart Energy Group L              | Ming Yang Smart Energy Group Ltd                 | CUSIP: 000000000<br>LEI: 300300W76R6UJHEZL847 | Long             | EC               | CORP              | CN        |      2900 | NS      | $6018.73      | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Grenergy Renovables SA                      | Grenergy Renovables SA                           | CUSIP: 000000000<br>LEI: 959800M1FVPL5BMW3R13 | Long             | EC               | CORP              | ES        |      1150 | NS      | $115926.50    | 4.17%             |  |  |  | No            |                  1 | On Loan: No      |
| China Yangtze Power Co Ltd                  | China Yangtze Power Co Ltd                       | CUSIP: 000000000<br>LEI: 3003008VX8JFJXA6QP74 | Long             | EC               | CORP              | CN        |       500 | NS      | $1948.03      | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| Maxeon Solar Technologies Ltd               | Maxeon Solar Technologies Ltd                    | CUSIP: 000000000<br>LEI: 5493007JPB074ITT6Y72 | Long             | EC               | CORP              | SG        |      1831 | NS      | $5035.25      | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| JA Solar Technology Co Ltd                  | JA Solar Technology Co Ltd                       | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |     10100 | NS      | $16573.67     | 0.60%             |  |  |  | No            |                  1 | On Loan: No      |
| Brookfield Renewable Corp                   | Brookfield Renewable Corp                        | CUSIP: 11285B108<br>LEI: 894500N9AWD5I1YNP231 | Long             | EC               | CORP              | US        |       300 | NS      | $11502.00     | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| LONGi Green                                 | LONGi Green Energy Technology Co Ltd             | CUSIP: 000000000<br>LEI: 300300NRGAITUP1EZ248 | Long             | EC               | CORP              | CN        |     14000 | NS      | $36493.80     | 1.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Scatec ASA                                  | Scatec ASA                                       | CUSIP: 000000000<br>LEI: 5967007LIEEXZXIARK36 | Long             | EC               | CORP              | NO        |       953 | NS      | $10011.42     | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| ICE FUTURES U.S., INC.                      | PJM TQRECC I                                     | CUSIP: 000000000<br>LEI: 5493004R83R1LVX2IL36 | N/A              | DCO              | CORP              | US        |        11 | NC      | $1175.00      | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| First Solar Inc                             | First Solar Inc                                  | CUSIP: 336433107<br>LEI: 549300NPYMLM4NHTOF27 | Long             | EC               | CORP              | US        |       200 | NS      | $52246.00     | 1.88%             |  |  |  | No            |                  1 | On Loan: No      |
| OY Nofar Energy Ltd                         | OY Nofar Energy Ltd                              | CUSIP: 000000000<br>LEI: 894500AMGSB9R178TW69 | Long             | EC               | CORP              | IL        |       536 | NS      | $18859.44     | 0.68%             |  |  |  | No            |                  1 | On Loan: No      |
| NextEra Energy Inc                          | NextEra Energy Inc                               | CUSIP: 65339F101<br>LEI: 254900RHL9MEUS5NKX63 | Long             | EC               | CORP              | US        |       200 | NS      | $16056.00     | 0.58%             |  |  |  | No            |                  1 | On Loan: No      |
| Boralex Inc                                 | Boralex Inc                                      | CUSIP: 09950M300<br>LEI: 5493004UT7HNQU2SVR90 | Long             | EC               | CORP              | CA        |       800 | NS      | $14783.15     | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| Meridian Energy Ltd                         | Meridian Energy Ltd                              | CUSIP: 000000000<br>LEI: 254900IFKXIGNCY3A092 | Long             | EC               | CORP              | NZ        |      3340 | NS      | $10774.39     | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| ERG SpA                                     | ERG SpA                                          | CUSIP: 000000000<br>LEI: 8156004604684CA44A90 | Long             | EC               | CORP              | IT        |       168 | NS      | $4319.86      | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Cadeler A/S                                 | Cadeler A/S                                      | CUSIP: 000000000<br>LEI: 9845008439EUED140282 | Long             | EC               | CORP              | DK        |      1326 | NS      | $6241.30      | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| TZE                                         | TCL Zhonghuan Renewable Energy Technology Co Ltd | CUSIP: 000000000<br>LEI: 300300Y3UHPAM1FB1Y03 | Long             | EC               | CORP              | CN        |     22500 | NS      | $27641.73     | 1.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Auren Energia SA                            | Auren Energia SA                                 | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | BR        |      6817 | NS      | $14766.69     | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| Array Technologies Inc                      | Array Technologies Inc                           | CUSIP: 04271T100<br>LEI: 549300JM5FECYJQ85V37 | Long             | EC               | CORP              | US        |      3500 | NS      | $32270.00     | 1.16%             |  |  |  | No            |                  1 | On Loan: No      |
| BOARD OF TRADE OF THE CITY OF CHICAGO, INC. | WHEAT (CBT)                                      | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DCO              | CORP              | US        |         3 | NC      | $-6412.50     | -0.23%            |  |  |  | No            |                  1 | On Loan: No      |
| Nordex SE                                   | Nordex SE                                        | CUSIP: 000000000<br>LEI: 529900HVDYCUWVD0OE76 | Long             | EC               | CORP              | DE        |      1599 | NS      | $54163.46     | 1.95%             |  |  |  | No            |                  1 | On Loan: No      |
| ReNew Energy Global PLC                     | ReNew Energy Global PLC                          | CUSIP: 000000000<br>LEI: 254900SL77LA2KAG7R65 | Long             | EC               | CORP              | IN        |      2600 | NS      | $14690.00     | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| GoodWe Technologies Co Ltd                  | GoodWe Technologies Co Ltd                       | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |      1079 | NS      | $9601.51      | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Enphase Energy Inc                          | Enphase Energy Inc                               | CUSIP: 29355A107<br>LEI: 5493008U7KIGMI59Z314 | Long             | EC               | CORP              | US        |       100 | NS      | $3205.00      | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Orsted AS                                   | Orsted AS                                        | CUSIP: 000000000<br>LEI: W9NG6WMZIYEU8VEDOG48 | Long             | EC               | CORP              | DK        |       232 | NS      | $4425.98      | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Flat Glass Group Co Ltd                     | Flat Glass Group Co Ltd                          | CUSIP: 000000000<br>LEI: 300300BEL4RMXBKEA373 | Long             | EC               | CORP              | CN        |      8000 | NS      | $9702.21      | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Hexcel Corp                                 | Hexcel Corp                                      | CUSIP: 428291108<br>LEI: S6Q7LW43WUBUHXY2QP69 | Long             | EC               | CORP              | US        |       100 | NS      | $7390.00      | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Canadian Solar Inc                          | Canadian Solar Inc                               | CUSIP: 136635109<br>LEI: 5493001XSC6TKMBVOM15 | Long             | EC               | CORP              | CA        |      2500 | NS      | $59425.00     | 2.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Ameresco Inc                                | Ameresco Inc                                     | CUSIP: 02361E108<br>LEI: 529900NZXZGBCBXYY327 | Long             | EC               | CORP              | US        |       100 | NS      | $2929.00      | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Sungrow Power Supply Co Ltd                 | Sungrow Power Supply Co Ltd                      | CUSIP: 000000000<br>LEI: 30030052IWC7RGVFG505 | Long             | EC               | CORP              | CN        |      2280 | NS      | $55870.82     | 2.01%             |  |  |  | No            |                  1 | On Loan: No      |
| EURONEXT PARIS SA                           | RAPESEED EURO                                    | CUSIP: 000000000<br>LEI: 969500HMVSZ0TCV65D58 | N/A              | DCO              | CORP              | FR        |         3 | NC      | $-3470.17     | -0.12%            |  |  |  | No            |                  1 | On Loan: No      |
| Ormat Technologies Inc                      | Ormat Technologies Inc                           | CUSIP: 686688102<br>LEI: 5493000TSHHWY24VHM09 | Long             | EC               | CORP              | US        |       100 | NS      | $11047.00     | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| EDP Renovaveis SA                           | EDP Renovaveis SA                                | CUSIP: 000000000<br>LEI: 529900MUFAH07Q1TAX06 | Long             | EC               | CORP              | ES        |      1132 | NS      | $15976.24     | 0.58%             |  |  |  | No            |                  1 | On Loan: No      |
| United Renewable Energy Co Ltd              | United Renewable Energy Co Ltd/Taiwan            | CUSIP: 000000000<br>LEI: 254900E7A0T0Q0DM6K74 | Long             | EC               | CORP              | TW        |     57000 | NS      | $15576.94     | 0.56%             |  |  |  | No            |                  2 | On Loan: No      |
| Solaria Energia y Medio Ambien              | Solaria Energia y Medio Ambiente SA              | CUSIP: 000000000<br>LEI: 959800PM2YJU406K2789 | Long             | EC               | CORP              | ES        |      1641 | NS      | $34856.76     | 1.25%             |  |  |  | No            |                  1 | On Loan: No      |
| TPI Composites Inc                          | TPI Composites Inc                               | CUSIP: 87266J104<br>LEI: 549300TI9H56OIY0QE39 | Long             | EC               | CORP              | US        |      4300 | NS      | $49.67        | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| TITAN                                       | Titan Wind Energy Suzhou Co Ltd                  | CUSIP: 000000000<br>LEI: 3003007ZSZNFX2N7JL66 | Long             | EC               | CORP              | CN        |     10700 | NS      | $10518.40     | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Sunrun Inc                                  | Sunrun Inc                                       | CUSIP: 86771W105<br>LEI: 54930007SJ77CI66U531 | Long             | EC               | CORP              | US        |      1300 | NS      | $23920.00     | 0.86%             |  |  |  | No            |                  1 | On Loan: No      |
| Risen Energy Co Ltd                         | Risen Energy Co Ltd                              | CUSIP: 000000000<br>LEI: 3003005CFEH1CK6CA695 | Long             | EC               | CORP              | CN        |      3100 | NS      | $6506.44      | 0.23%             |  |  |  | No            |                  2 | On Loan: No      |
| Light S/A                                   | Light S/A                                        | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | BR        |      9300 | NS      | $8027.56      | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Corp ACCIONA Energias Renovabl              | Corp ACCIONA Energias Renovables SA              | CUSIP: 000000000<br>LEI: 254900UPX0OEHTKB9Y44 | Long             | EC               | CORP              | ES        |       780 | NS      | $20456.25     | 0.74%             |  |  |  | No            |                  1 | On Loan: No      |
| THE LONDON METAL EXCHANGE                   | LME ZINC                                         | CUSIP: 000000000<br>LEI: 213800NB8G5VRT1DXC91 | N/A              | DCO              | CORP              | GB        |         1 | NC      | $667.25       | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Motech Industries Inc                       | Motech Industries Inc                            | CUSIP: 000000000<br>LEI: 254900INXPVZCOGO7412 | Long             | EC               | CORP              | TW        |     16000 | NS      | $10931.26     | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| ICE FUTURES U.S., INC.                      | CA LOW CARBON FUEL                               | CUSIP: 000000000<br>LEI: 5493004R83R1LVX2IL36 | N/A              | DCO              | CORP              | US        |         2 | NC      | $350.00       | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| COMMODITY EXCHANGE, INC.                    | LITHIUM LIOH COME                                | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DCO              | CORP              | US        |        20 | NC      | $95000.00     | 3.42%             |  |  |  | No            |                  1 | On Loan: No      |
| ICE FUTURES U.S., INC.                      | BIODIESEL D4 RIN C                               | CUSIP: 000000000<br>LEI: 5493004R83R1LVX2IL36 | N/A              | DCO              | CORP              | US        |         1 | NC      | $2925.00      | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2026-02-24

**Name of Applicant:** USCF ETF Trust

**Signature:** Kenneth A. Kalina

**Name of Signer:** Kenneth A. Kalina

**Title:** CCO