# EDGAR Filing Document

**Accession Number:** 0001597389
**File Stem:** 0001752724-25-203973
**Filing Date:** 2025-8
**Character Count:** 10817
**Document Hash:** 14ff8742f34a5f29cc754252eac2377d
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-25-203973.hdr.sgml**: 20250826

**ACCESSION NUMBER**: 0001752724-25-203973

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20250630

**FILED AS OF DATE**: 20250826

**DATE AS OF CHANGE**: 20250826

**PERIOD START**: 20250630

**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:** 251253844

**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 Midstream Energy Income Fund (Series ID: S000071002)

| Class ID   | Class Name                        | Ticker Symbol   |
|:---|:---|:---|
| C000225425 | USCF Midstream Energy Income Fund | UMI             |

## 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 Midstream Energy Income Fund

- **b. EDGAR series identifier (if any):** S000071002

- **c. LEI of Series:** 549300BXIIPFVRZYL554

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

- **a. Date of fiscal year-end:** 2025-06-30

- **b. Date as of which information is reported:** 2025-06-30

**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:** $385728168.57

**Total Liabilities:** $263664.09

**Net Assets:** $385464504.48

**Cash Not Reported:** $1567549.18

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000225425 | -5.92%               | 2.61%                | 2.76%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $3017684.84              | $-25251649.63                              |
| Month 2  | $-118934.92              | $8529984.22                                |
| Month 3  | $682011.81               | $8666655.41                                |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| South Bow Corp                     | South Bow Corp                     | CUSIP: 83671M105<br>LEI: 2549000XS5TAFA3YF943 | Long             | EC               | CORP              | CA        |    590611 | NS      | $15302731.01  | 3.97%             |  |  |  | No            |                  1 | On Loan: No      |
| Kinetik Holdings Inc               | Kinetik Holdings Inc               | CUSIP: 02215L209<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     80279 | NS      | $3536289.95   | 0.92%             |  |  |  | No            |                  1 | On Loan: No      |
| ONEOK Inc                          | ONEOK Inc                          | CUSIP: 682680103<br>LEI: 2T3D6M0JSY48PSZI1Q41 | Long             | EC               | CORP              | US        |    182286 | NS      | $14880006.18  | 3.86%             |  |  |  | No            |                  1 | On Loan: No      |
| Plains GP Holdings LP              | Plains GP Holdings LP              | CUSIP: 72651A207<br>LEI: 549300O56BSKRD8FAM12 | Long             | EC               | CORP              | US        |    920004 | NS      | $17875677.72  | 4.64%             |  |  |  | No            |                  1 | On Loan: No      |
| TC Energy Corp                     | TC Energy Corp                     | CUSIP: 87807B107<br>LEI: 549300UGKOFV2IWJJG27 | Long             | EC               | CORP              | CA        |    360561 | NS      | $17591771.19  | 4.56%             |  |  |  | No            |                  1 | On Loan: No      |
| Williams Cos Inc/The               | Williams Cos Inc/The               | CUSIP: 969457100<br>LEI: D71FAKCBLFS2O0RBPG08 | Long             | EC               | CORP              | US        |    468395 | NS      | $29419889.95  | 7.63%             |  |  |  | No            |                  1 | On Loan: No      |
| Hess Midstream LP                  | Hess Midstream LP                  | CUSIP: 428103105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    343245 | NS      | $13218364.95  | 3.43%             |  |  |  | No            |                  1 | On Loan: No      |
| Alerian Energy Infrastructure ETF  | Alerian Energy Infrastructure ETF  | CUSIP: 00162Q676<br>LEI: 54930094QIJR6KJBN477 | Long             | EC               | RF                | US        |    238327 | NS      | $7683662.48   | 1.99%             |  |  |  | No            |                  1 | On Loan: No      |
| Keyera Corp                        | Keyera Corp                        | CUSIP: 493271100<br>LEI: 254900LXI62FUHZGH122 | Long             | EC               | CORP              | CA        |    549845 | NS      | $17948036.86  | 4.66%             |  |  |  | No            |                  1 | On Loan: No      |
| Kinder Morgan Inc                  | Kinder Morgan Inc                  | CUSIP: 49456B101<br>LEI: 549300WR7IX8XE0TBO16 | Long             | EC               | CORP              | US        |    862158 | NS      | $25347445.20  | 6.58%             |  |  |  | No            |                  1 | On Loan: No      |
| Pembina Pipeline Corp              | Pembina Pipeline Corp              | CUSIP: 706327103<br>LEI: 5493002W3L9YICM6FU21 | Long             | EC               | CORP              | CA        |    419433 | NS      | $15732931.83  | 4.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Antero Midstream Corp              | Antero Midstream Corp              | CUSIP: 03676B102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    948931 | NS      | $17982242.45  | 4.67%             |  |  |  | No            |                  1 | On Loan: No      |
| MPLX LP                            | MPLX LP                            | CUSIP: 55336V100<br>LEI: 5493000CZJ19CK4P3G36 | Long             | EC               | CORP              | US        |    343754 | NS      | $17706768.54  | 4.59%             |  |  |  | No            |                  1 | On Loan: No      |
| DT Midstream Inc                   | DT Midstream Inc                   | CUSIP: 23345M107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    201995 | NS      | $22201270.45  | 5.76%             |  |  |  | No            |                  1 | On Loan: No      |
| Cheniere Energy Inc                | Cheniere Energy Inc                | CUSIP: 16411R208<br>LEI: MIHC87W9WTYSYZWV1J40 | Long             | EC               | CORP              | US        |     94879 | NS      | $23104934.08  | 5.99%             |  |  |  | No            |                  1 | On Loan: No      |
| Dreyfus Government Cash Management | Dreyfus Government Cash Management | CUSIP: 262006208<br>LEI: 5493000Q69I5Q3QZIA91 | Long             | STIV             | RF                | US        |    229616 | NS      | $229616.42    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Enbridge Inc                       | Enbridge Inc                       | CUSIP: 29250N105<br>LEI: 98TPTUM4IVMFCZBCUR27 | Long             | EC               | CORP              | CA        |    660099 | NS      | $29915686.68  | 7.76%             |  |  |  | No            |                  1 | On Loan: No      |
| Western Midstream Partners LP      | Western Midstream Partners LP      | CUSIP: 958669103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    206527 | NS      | $7992594.90   | 2.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Energy Transfer LP                 | Energy Transfer LP                 | CUSIP: 29273V100<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | EC               | CORP              | US        |   1830969 | NS      | $33195467.97  | 8.61%             |  |  |  | No            |                  1 | On Loan: No      |
| Enterprise Products Partners L     | Enterprise Products Partners LP    | CUSIP: 293792107<br>LEI: K4CDIF4M54DJZ6TB4Q48 | Long             | EC               | CORP              | US        |    882795 | NS      | $27375472.95  | 7.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Gibson Energy Inc                  | Gibson Energy Inc                  | CUSIP: 374825206<br>LEI: 549300WYW5D9I3FR0643 | Long             | EC               | CORP              | CA        |    462285 | NS      | $8097186.88   | 2.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Targa Resources Corp               | Targa Resources Corp               | CUSIP: 87612G101<br>LEI: 5493003QENHHS261UR94 | Long             | EC               | CORP              | US        |     97075 | NS      | $16898816.00  | 4.38%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2025-08-25

**Name of Applicant:** USCF ETF Trust

**Signature:** Kenneth A. Kalina

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

**Title:** CCO