# EDGAR Filing Document

**Accession Number:** 0001597389
**File Stem:** 0000940400-26-022017
**Filing Date:** 2026-5
**Character Count:** 8236
**Document Hash:** b0437d3400a0c1516cffbce1571d07ee
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000940400-26-022017.hdr.sgml**: 20260528

**ACCESSION NUMBER**: 0000940400-26-022017

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20260331

**FILED AS OF DATE**: 20260528

**DATE AS OF CHANGE**: 20260528

**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:** 261035789

**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 Energy Commodity Strategy Absolute Return Fund (Series ID: S000068241)

| Class ID   | Class Name                                          | Ticker Symbol   |
|:---|:---|:---|
| C000218475 | USCF Energy Commodity Strategy Absolute Return Fund | USE             |

## Nport-Ex

**USCF ETF TRUST**

**USCF ENERGY COMMODITY STRATEGY ABSOLUTE RETURN FUND**

**CONSOLIDATED SCHEDULE OF INVESTMENTS**

**AT MARCH 31, 2026 (unaudited)**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **Number of<br> Contracts** | **Notional<br> Amount** | **Expiration<br> Date** | **Fair Value/<br> Unrealized<br> Appreciation/<br> (Depreciation) on <br> Open Commodity<br> Contracts** | **% of Total <br> Net Assets** |
| **Open Commodity Futures Contracts – Long** |  |  |  |  |  |
| **United States Contracts<sup>(a)</sup>** |  |  |  |  |  |
| NYMEX WTI Crude Oil Futures CL, June contracts, June contracts | 16 | $1364320 | May-26 | $126240 | 5.5% |
| NYMEX RBOB Gasoline Futures RB, June contracts, June contracts | 2 | 223205 | May-26 | 33466 | 1.4% |
| NYMEX Natural Gas Futures NG, March contracts, March contracts | 16 | 575845 | Feb-27 | (16325) | (0.7)% |
|  | 34 | 2163370 |  | 143381 | 6.2% |
| **Total Open Commodity Futures Contracts<sup>(b)</sup>** | **34** | $**2163370** |  | $**143381** | **6.2%** |

---

---

| | | | |
|:---|:---|:---|:---|
|  | **Principal<br> Amount** | **Value** | **% of Total<br> Net Assets** |
| **Short-Term Investments** |  |  |  |
| **United States Treasury Obligations** |  |  |  |
| U.S. Treasury Bill, 3.66%, 6/02/2026 | $1000000 | $993852 | 43.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(Cost $993,852) |  | $**993852** | **43.0%** |
| **Total Investments** |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(Cost $993,852) |  | $**993852** | **43.0%** |
| Other Assets in Excess of Liabilities |  | 1317122 | 57.0% |
| **Total Net Assets** |  | $**2310974** | **100.0%** |

---

(a) All, or part of investment
 is held in the Fund's wholly owned subsidiary.

(b) Collateral amounted to $332,143 on open
 Commodity Futures Contracts.

**USCF ETF TRUST**

**USCF ENERGY COMMODITY STRATEGY ABSOLUTE RETURN FUND**

**CONSOLIDATED SCHEDULE OF INVESTMENTS**

**AT MARCH 31, 2026 (unaudited) (continued)**

---

| | |
|:---|:---|
| **<u>Summary of Portfolio Holdings by Country^</u>** |  |
| United States | 100.0% |
| **<u>Summary of Portfolio Holdings by Sector</u>** | **% of Total<br> Net Assets** |
| Government | 43.0% |
| Commodity Derivatives | 6.2% |

---

---

| | |
|:---|:---|
| ^ | As a percentage of portfolio holdings, which includes investments and other financial instruments shown on the Consolidated Schedule of Investments. |

---

## 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 Energy Commodity Strategy Absolute Return Fund

- **b. EDGAR series identifier (if any):** S000068241

- **c. LEI of Series:** 549300WW1ESF1BCFDO97

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

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

- **b. Date as of which information is reported:** 2026-03-31

**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:** $2313198.49

**Total Liabilities:** $1860.60

**Net Assets:** $2311337.89

**Amount of Assets Invested in Other Investment Companies:** $431623.44

**Cash Not Reported:** $1170671.33

**Currency Risk Metrics (dv01):**

- 

**Credit Spread Risk - Investment Grade (dv01):**

- **3-Month:** 0.00000000 | **1-Year:** 0.00000000 | **5-Year:** 0.00000000 | **10-Year:** 0.00000000 | **30-Year:** 0.00000000

**Credit Spread Risk - Non-Investment Grade (dv01):**

- **3-Month:** 0.00000000 | **1-Year:** 0.00000000 | **5-Year:** 0.00000000 | **10-Year:** 0.00000000 | **30-Year:** 0.00000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000218475 | -2.66%               | 2.86%                | 34.28%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $0.00                    | $0.00                                      |
| Month 2  | $0.00                    | $0.00                                      |
| Month 3  | $0.00                    | $0.00                                      |

**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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| NEW YORK MERCANTILE EXCHANGE, INC. | Henry Hub Natural Gas Futures   | CUSIP: 000000000<br>LEI: 5493008GFNDTXFPHWI47 | N/A              | DCO              | CORP              | US        |        16 | NC      | $-16325.00    | -0.71%            |  |  |  | No            |                  1 | On Loan: No      |
| NEW YORK MERCANTILE EXCHANGE, INC. | Crude Oil Futures, Jun-2026,ETH | CUSIP: 000000000<br>LEI: 5493008GFNDTXFPHWI47 | N/A              | DCO              | CORP              | US        |        16 | NC      | $126240.00    | 5.46%             |  |  |  | No            |                  1 | On Loan: No      |
| United States Treasury Bills       | WIB 0 06/02/26                  | CUSIP: 912797TU1<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   1000000 | PA      | $993851.67    | 43.00%            | 2026-06-02      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK MERCANTILE EXCHANGE, INC. | RBOB Gasoline Futures           | CUSIP: 000000000<br>LEI: 5493008GFNDTXFPHWI47 | N/A              | DCO              | CORP              | US        |         2 | NC      | $33465.60     | 1.45%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2026-05-28

**Name of Applicant:** USCF ETF Trust

**Signature:** Kenneth A. Kalina

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

**Title:** CCO