# EDGAR Filing Document

**Accession Number:** 0001597389
**File Stem:** 0000940400-26-007952
**Filing Date:** 2026-2
**Character Count:** 17179
**Document Hash:** f7f1836996aae2c806605adff18bb38c
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000940400-26-007952.hdr.sgml**: 20260225

**ACCESSION NUMBER**: 0000940400-26-007952

**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:** 26677292

**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 Battery Metals Strategy Fund (Series ID: S000073701)

| Class ID   | Class Name                                    | Ticker Symbol   |
|:---|:---|:---|
| C000230777 | USCF Sustainable Battery Metals Strategy Fund | ZSB             |

## 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 Battery Metals Strategy Fund

- **b. EDGAR series identifier (if any):** S000073701

- **c. LEI of Series:** 549300BMIGHTMFSMTQ48

**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:** $3692345.27

**Total Liabilities:** $1407.03

**Net Assets:** $3690938.24

**Amount of Assets Invested in Other Investment Companies:** $795996.88

**Cash Not Reported:** $2736959.12

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000230777 | 10.74%               | 2.57%                | 13.13%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $0.00                    | $1280.80                                   |
| Month 2  | $9189.90                 | $-8084.67                                  |
| Month 3  | $0.00                    | $5471.59                                   |

**Designated Index Information**

- **Index Name:** S&P GSCI Electric Vehicle Metals Index

- **Index Identifier:** SPGEVMU Index

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| COMMODITY EXCHANGE, INC.       | LITH CARB CIF CJK                                | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DCO              | CORP              | US        |        12 | NC      | $52960.00     | 1.43%             |  |  |  | No            |                  1 | On Loan: No      |
| COMMODITY EXCHANGE, INC.       | LITHIUM LIOH COME                                | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DCO              | CORP              | US        |        45 | NC      | $199250.00    | 5.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Vale SA                        | Vale SA                                          | CUSIP: 91912E105<br>LEI: 254900SMTWBX7RU2SR20 | Long             | EC               | CORP              | BR        |       100 | NS      | $1303.00      | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| TINCI                          | Guangzhou Tinci Materials Technology Co Ltd      | CUSIP: 000000000<br>LEI: 836800Y28XV3QK34CB65 | Long             | EC               | CORP              | CN        |       500 | NS      | $3320.39      | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| CAPCHEM                        | Shenzhen Capchem Technology Co Ltd               | CUSIP: 000000000<br>LEI: 83680035MFDI4S2P0866 | Long             | EC               | CORP              | CN        |       300 | NS      | $2251.13      | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Sociedad Quimica y Minera de C | Sociedad Quimica y Minera de Chile SA            | CUSIP: 833635105<br>LEI: TJ88LXZZW5PWIN93ZC81 | Long             | EC               | CORP              | CL        |       300 | NS      | $20640.00     | 0.56%             |  |  |  | No            |                  1 | On Loan: No      |
| Eramet SA                      | Eramet SA                                        | CUSIP: 000000000<br>LEI: 549300LUH78PG2MP6N64 | Long             | EC               | CORP              | FR        |       284 | NS      | $19109.25     | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| CNRE                           | China Northern Rare Earth Group High-Tech Co Ltd | CUSIP: 000000000<br>LEI: 300300CY5TYMU38UDM49 | Long             | EC               | CORP              | CN        |      2400 | NS      | $15850.81     | 0.43%             |  |  |  | No            |                  2 | On Loan: No      |
| Shenzhen Dynanonic Co Ltd      | Shenzhen Dynanonic Co Ltd                        | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |       100 | NS      | $630.62       | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| GrafTech International Ltd     | GrafTech International Ltd                       | CUSIP: 384313607<br>LEI: 549300GY32W00XP57351 | Long             | EC               | CORP              | US        |      2220 | NS      | $34432.20     | 0.93%             |  |  |  | No            |                  1 | On Loan: No      |
| Mineral Resources Ltd          | Mineral Resources Ltd                            | CUSIP: 000000000<br>LEI: 5299007V1ACKFFX2P066 | Long             | EC               | CORP              | AU        |        78 | NS      | $2813.53      | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| COMMODITY EXCHANGE, INC.       | COPPER                                           | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DCO              | CORP              | US        |         3 | NC      | $30925.00     | 0.84%             |  |  |  | No            |                  1 | On Loan: No      |
| Lynas Rare Earths Ltd          | Lynas Rare Earths Ltd                            | CUSIP: 000000000<br>LEI: 529900SGT9M1FJPXXI35 | Long             | EC               | CORP              | AU        |      6072 | NS      | $49761.80     | 1.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Nippon Denko Co Ltd            | Nippon Denko Co Ltd                              | CUSIP: 000000000<br>LEI: 3538004G9RTDJWY4O927 | Long             | EC               | CORP              | JP        |      2900 | NS      | $6627.17      | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Elkem ASA                      | Elkem ASA                                        | CUSIP: 000000000<br>LEI: 549300CVBE06T0SH6T76 | Long             | EC               | CORP              | NO        |     17453 | NS      | $52593.70     | 1.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Iluka Resources Ltd            | Iluka Resources Ltd                              | CUSIP: 000000000<br>LEI: 2549009N2Y1F4YNB0955 | Long             | EC               | CORP              | AU        |       575 | NS      | $2208.81      | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Ecopro BM Co Ltd               | Ecopro BM Co Ltd                                 | CUSIP: 000000000<br>LEI: 988400KB3FIHJINXCS55 | Long             | EC               | CORP              | KR        |         6 | NS      | $610.35       | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Tronox Holdings PLC            | Tronox Holdings PLC                              | CUSIP: 000000000<br>LEI: 549300NRVC84SGJSXV06 | Long             | EC               | CORP              | US        |       200 | NS      | $834.00       | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Albemarle Corp                 | Albemarle Corp                                   | CUSIP: 012653101<br>LEI: HDBLS2Q6GV1LSKQPBS54 | Long             | EC               | CORP              | US        |       200 | NS      | $28288.00     | 0.77%             |  |  |  | No            |                  1 | On Loan: No      |
| Tianqi Lithium Corp            | Tianqi Lithium Corp                              | CUSIP: 000000000<br>LEI: 300300IZ1J0MQ8YVEG66 | Long             | EC               | CORP              | CN        |       200 | NS      | $1312.69      | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| SGL Carbon SE                  | SGL Carbon SE                                    | CUSIP: 000000000<br>LEI: 52990038IB31TYK07X63 | Long             | EC               | CORP              | DE        |     11128 | NS      | $40485.00     | 1.10%             |  |  |  | No            |                  1 | On Loan: No      |
| XTEMD                          | Xiangtan Electrochemical Scientific Co Ltd       | CUSIP: 000000000<br>LEI: 655600IY5L2BCPGYJV79 | Long             | EC               | CORP              | CN        |      2000 | NS      | $4059.86      | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| ICE ENDEX MARKETS B.V.         | ECX EMISSION                                     | CUSIP: 000000000<br>LEI: 549300CZW488L20NT866 | N/A              | DCO              | CORP              | NL        |         4 | NC      | $13206.46     | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Toho Titanium Co Ltd           | Toho Titanium Co Ltd                             | CUSIP: 000000000<br>LEI: 353800CQ82BJ87SIZZ65 | Long             | EC               | CORP              | JP        |       100 | NS      | $844.01       | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Jinduicheng Molybdenum Co Ltd  | Jinduicheng Molybdenum Co Ltd                    | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |     10600 | NS      | $23667.94     | 0.64%             |  |  |  | No            |                  1 | On Loan: No      |
| Ningbo Ronbay New Energy Techn | Ningbo Ronbay New Energy Technology Co Ltd       | CUSIP: 000000000<br>LEI: 836800IZGSNBP6FLFG39 | Long             | EC               | CORP              | CN        |       436 | NS      | $2208.30      | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| EASPRING                       | Beijing Easpring Material Technology Co Ltd      | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |       200 | NS      | $1653.82      | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Ganfeng Lithium Group Co Ltd   | Ganfeng Lithium Group Co Ltd                     | CUSIP: 000000000<br>LEI: 3003006BE6UOHWEOOR42 | Long             | EC               | CORP              | CN        |       800 | NS      | $5352.60      | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| MP Materials Corp              | MP Materials Corp                                | CUSIP: 553368101<br>LEI: 89450063PHPS61USMT84 | Long             | EC               | CORP              | US        |      1400 | NS      | $70728.00     | 1.92%             |  |  |  | No            |                  1 | On Loan: No      |
| Wacker Chemie AG               | Wacker Chemie AG                                 | CUSIP: 000000000<br>LEI: 0NURKC5Q3CJYZPPK5046 | Long             | EC               | CORP              | DE        |       281 | NS      | $22681.40     | 0.61%             |  |  |  | No            |                  1 | On Loan: No      |
| Sinofibers Technology Co Ltd   | Sinofibers Technology Co Ltd                     | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |      3700 | NS      | $21612.18     | 0.59%             |  |  |  | No            |                  2 | On Loan: No      |
| Xinte Energy Co Ltd            | Xinte Energy Co Ltd                              | CUSIP: 000000000<br>LEI: 300300HSY4IIZWSPSY09 | Long             | EC               | CORP              | CN        |      4000 | NS      | $3787.97      | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| PLS Group Ltd                  | PLS Group Ltd                                    | CUSIP: 000000000<br>LEI: 5299000VV1CZVF5K9C16 | Long             | EC               | CORP              | AU        |      1794 | NS      | $5021.83      | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| SINGAPORE EXCHANGE LIMITED     | IODEX IO                                         | CUSIP: 000000000<br>LEI: 549300IQ650PPXM76X03 | N/A              | DCO              | CORP              | SG        |        12 | NC      | $5835.00      | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Nippon Carbon Co Ltd           | Nippon Carbon Co Ltd                             | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |       900 | NS      | $25353.06     | 0.69%             |  |  |  | No            |                  1 | On Loan: No      |
| THE LONDON METAL EXCHANGE      | LME ZINC                                         | CUSIP: 000000000<br>LEI: 213800NB8G5VRT1DXC91 | N/A              | DCO              | CORP              | GB        |         3 | NC      | $2540.75      | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| THE LONDON METAL EXCHANGE      | LME NICKEL                                       | CUSIP: 000000000<br>LEI: 213800NB8G5VRT1DXC91 | N/A              | DCO              | CORP              | GB        |         3 | NC      | $31994.76     | 0.87%             |  |  |  | No            |                  1 | On Loan: No      |
| COMMODITY EXCHANGE, INC.       | ALUMINUM                                         | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DCO              | CORP              | US        |         6 | NC      | $18806.25     | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| COMMODITY EXCHANGE, INC.       | COBALT FASTMARKET                                | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DCO              | CORP              | US        |         9 | NC      | $11772.67     | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| COMMODITY EXCHANGE, INC.       | SILVER                                           | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DCO              | CORP              | US        |         1 | NC      | $110340.00    | 2.99%             |  |  |  | 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