FINANCIAL HIGHLIGHTS
 12 Months Ended
Dec. 31, 2016
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Financial Highlights
NOTE 7 - FINANCIAL HIGHLIGHTS
 
The following tables present per share performance data and other supplemental financial data for each Trust Series for the years ended December 31, 2016, 2015 and 2014 for the shareholders. This information has been derived from information presented in the financial statements.
 
USCI
 
 
 
Year ended
 
 
Year ended
 
 
Year ended
 
 
 
December 31, 2016
 
 
December 31, 2015
 
 
December 31, 2014
 
Per Share Operating Performance:
 
 
 
 
 
 
 
 
 
 
 
 
Net asset value, beginning of year
 
$
40.52
 
 
$
48.24
 
 
$
56.06
 
Total income (loss)
 
 
(0.07)
 
 
 
(7.23)
 
 
 
(7.23)
 
Net expenses
 
 
(0.43)
 
 
 
(0.49)
 
 
 
(0.59)
 
Net increase (decrease) in net asset value
 
 
(0.50)
 
 
 
(7.72)
 
 
 
(7.82)
 
Net asset value, end of year
 
$
40.02
 
 
$
40.52
 
 
$
48.24
 
Total Return
 
 
(1.23)
%
 
 
(16.00)
%
 
 
(13.95)
%
Ratios to Average Net Assets
 
 
 
 
 
 
 
 
 
 
 
 
Total income (loss)
 
 
(1.57)
%
 
 
(17.26)
%
 
 
(19.17)
%
Management fees
 
 
0.80
%*
 
 
0.80
%**
 
 
0.84
%**
Total expenses excluding management fees
 
 
0.23
%
 
 
0.31
%
 
 
0.20
%
Expenses waived
 
 
—
%*
 
 
—
%**
 
 
—
%**
Net expenses excluding management fees
 
 
0.23
%
 
 
0.31
%
 
 
0.20
%
Net income (loss)
 
 
(2.60)
%
 
 
(18.38)
%
 
 
(20.20)
%
 
*
Effective January 1, 2016, USCF permanently lowered the management fee to 0.80% (80 basis points) per annum of average daily total net assets for USCI.
**
From May 1, 2014 through December 31, 2016, USCF contractually lowered the management fee to 0.80% per annum of average daily total net assets for USCI.
 
CPER
 
 
 
Year ended
 
 
Year ended
 
 
Year ended
 
 
 
December 31, 2016
 
 
December 31, 2015
 
 
December 31, 2014
 
Per Share Operating Performance:
 
 
 
 
 
 
 
 
 
 
 
 
Net asset value, beginning of year
 
$
14.24
 
 
$
19.10
 
 
$
22.92
 
Total income (loss)
 
 
2.24
 
 
 
(4.73)
 
 
 
(3.65)
 
Net expenses
 
 
(0.12)
 
 
 
(0.13)
 
 
 
(0.17)
 
Net increase (decrease) in net asset value
 
 
2.12
 
 
 
(4.86)
 
 
 
(3.82)
 
Net asset value, end of year
 
$
16.36
 
 
$
14.24
 
 
$
19.10
 
Total Return
 
 
14.89
%
 
 
(25.45)
%
 
 
(16.67)
%
Ratios to Average Net Assets
 
 
 
 
 
 
 
 
 
 
 
 
Total income (loss)
 
 
8.84
%
 
 
(31.59)
%
 
 
(12.04)
%
Management fees
 
 
0.65
%*
 
 
0.65
%**
 
 
0.65
%**
Total expenses excluding management fees
 
 
2.71
%
 
 
3.19
%†
 
 
2.17
%
Expenses waived
 
 
(2.56)
%* †
 
 
(3.04)
%**†
 
 
(2.00)
%**
Net expenses excluding management fees
 
 
0.15
%
 
 
0.15
%†
 
 
0.17
%
Net income (loss)
 
 
8.04
%
 
 
(32.39)
%
 
 
(12.86)
%
 
*
Effective January 1, 2016, USCF permanently lowered the management fee to 0.65% (65 basis points) per annum of average daily total net assets for CPER.
**
From May 1, 2014 through December 31, 2016, USCF contractually lowered the management fee to 0.65% per annum of average daily total net assets for CPER.
†
USCF paid certain expenses on a discretionary basis typically borne by CPER where expenses exceeded 0.15% (15 basis points) of CPER’s NAV, on an annualized basis. USCF has no obligation to continue such payments into subsequent periods.
 
USAG
 
 
 
Year ended
 
 
Year ended
 
 
Year ended
 
 
 
December 31, 2016
 
 
December 31, 2015
 
 
December 31, 2014
 
Per Share Operating Performance:
 
 
 
 
 
 
 
 
 
 
 
 
Net asset value, beginning of year
 
$
19.80
 
 
$
22.97
 
 
$
22.79
 
Total income (loss)
 
 
(0.63)
 
 
 
(3.00)
 
 
 
0.40
 
Net expenses
 
 
(0.16)
 
 
 
(0.17)
 
 
 
(0.22)
 
Net increase (decrease) in net asset value
 
 
(0.79)
 
 
 
(3.17)
 
 
 
0.18
 
Net asset value, end of year
 
$
19.01
 
 
$
19.80
 
 
$
22.97
 
Total Return
 
 
(3.99)
%
 
 
(13.80)
%
 
 
0.79
%
Ratios to Average Net Assets
 
 
 
 
 
 
 
 
 
 
 
 
Total income (loss)
 
 
(3.17)
%
 
 
(14.36)
%
 
 
1.61
%
Management fees
 
 
0.65
%*
 
 
0.65
%**
 
 
0.70
%**
Total expenses excluding management fees
 
 
3.79
%
 
 
2.84
%†
 
 
2.08
%†
Expenses waived
 
 
(3.64)
%* †
 
 
(2.69)
%**†
 
 
(1.90)
%** †
Net expenses excluding management fees
 
 
0.15
%
 
 
0.15
%†
 
 
0.18
%†
Net income (loss)
 
 
(3.97)
%
 
 
(15.16)
%
 
 
0.72
%
 
*
Effective January 1, 2016, USCF permanently lowered the management fee to 0.65% (65 basis points) per annum of average daily total net assets for USAG.
**
From May 1, 2014 through December 31, 2016, USCF contractually lowered the management fee to 0.65% per annum of average daily total net assets for USAG.
†
USCF paid certain expenses on a discretionary basis typically borne by USAG where expenses exceeded 0.15% (15 basis points) of USAG’s NAV, on an annualized basis. USCF has no obligation to continue such payments into subsequent periods.
 
Total returns are calculated based on the change in value during the period. An individual shareholder’s total return and ratio may vary from the above total returns and ratios based on the timing of contributions to and withdrawals from each Trust Series.