OAKLAND, Calif., Feb. 7, 2013 /PRNewswire/ -- United States Commodity Funds LLC announces that four of its exchange traded commodity funds; United States Commodity Index Fund (ticker: USCI), United States 12 Month Oil Fund, LP (ticker: USL), United States Gasoline Fund, LP ( UGA), and the United States 12 Month Natural Gas Fund, LP ( UNL), will trade commission-free on the recently announced Schwab ETF OneSource ™ platform.
Charles Schwab & Co. announced earlier today that Schwab clients can now buy and sell 105 ETFs with $0 online trade commissions. They also stated that all major asset classes are included in the offering, with funds from six leading providers, including the United States Commodity Funds. Schwab clients who buy and sell ETFs on the Schwab ETF OneSource platform will pay the exact same operating expense ratio (OER) they would elsewhere, but without paying a commission.
USCF's Chief Investment Officer John Hyland, CFA stated: "The availability of these products on Schwab ETF OneSource should make these products even more affordable for investors. Those of us who have been around the mutual fund world for a long time remember the positive impact that the mutual fund version of OneSource had on investors and advisors. We hope the ETF version will have a similar impact." He added: "We're pleased to be included in the lineup of available funds and look forward to working closely with Schwab now and in the future."
USCF is the sponsor and general partner of a group of 12 exchange-traded commodity related products. The funds, not all of which are currently available commission free on the Schwab ETF OneSource platform, include: United States Oil Fund, LP (USO), United States Natural Gas Fund, LP (UNG), United States Commodity Index Fund (USCI), United States Agriculture Index Fund (USAG), United States Metals Index Fund (USMI), United States Copper Index Fund (CPER), United States 12 Month Oil Fund, LP (USL), United States 12 Month Natural Gas Fund, LP (UNL), United States Gasoline Fund, LP (UGA), United States Diesel-Heating Oil Fund, LP (UHN), United States Short Oil Fund, LP (DNO), United States Brent Oil Fund, LP (BNO).For a prospectus or additional information, please call 800-920-0259, write to ALPS Distributors, Inc, 1290 Broadway, Suite 1100, Denver, CO 80203 or to download a copy of the prospectus: for the United States Oil Fund, LP, visit www.unitedstatesoilfund.com/uso-prospectus.php, for the United States 12 Month Oil Fund, LP, visit http://www.unitedstates12monthoilfund.com/documents/pdfs/usl-prospectus-20120730-2.pdf, for the United States Short Oil Fund, LP, visit www.unitedstatesshortoilfund.com/dno-prospectus.php, for the United States Brent Oil Fund, LP, visit http://www.unitedstatesbrentoilfund.com/documents/pdfs/bno-prospectus-20120730-2.pdf, for the United States Natural Gas Fund, LP, visit www.unitedstatesnaturalgasfund.com/ung-prospectus.php, for the United States 12 Month Natural Gas Fund, LP, visit www.unitedstates12monthnaturalgasfund.com/unl-prospectus.php, for the United States Gasoline Fund, LP, visit www.unitedstatesgasolinefund.com/uga-prospectus.php, for the United States Heating Oil Fund, LP, visit www.unitedstatesheatingoilfund.com/uhn-prospectus.php for the United States Commodity Index Fund, visit www.unitedstatescommodityindexfund.com/usci-prospectus.php, for the United States Copper Index Fund, visit www.unitedstatescopperindexfund.com/cper-prospectus.php, for the United States Agriculture Index Fund, visit www.unitedstatesagricultureindexfund.com/usag-prospectus.php or for the United States Metals Index Fund, visit www.unitedstatesmetalsindexfund.com/usmi-prospectus.php. Distributed by ALPS Distributors, Inc. This material must be preceded or accompanied by a prospectus. Please read it carefully before investing or sending money. Commodities and futures generally are volatile and are not suitable for all investors. These funds are speculative and involve a high degree of risk. An investor may lose all or substantially all of an investment in these funds. Some funds that focus on a single sector generally experience greater volatility. None of the above mentioned funds are a registered investment company so investors do not have the protections of the Investment Company Act of 1940, as amended, and these funds are not subject to regulations thereunder. Accordingly, you do not have the protections afforded by that statute which include, for example: (1) controls over activities of an investment company's investment adviser; (2) an express private right of action for shareholders; (3) restrictions on transactions between the fund and the adviser; (4) restrictions on investments; (5) regulation of adviser services and fees; and (6) capital structure requirements, including restrictions on debt. Investing in commodity futures interests subjects these funds to the risks of the commodities industry and this could result in large fluctuations in the price of these funds' units.