United States 12 Month Oil Fund LP (USL)

crude-oil futures-based annual-dividends

This ETF aims to track the price of crude oil using a 12-month futures contract approach. It invests in the nearest 12 contract months for West Texas Intermediate crude oil. The fund may appeal to investors seeking oil exposure with reduced roll yield impact. Its 12-month ladder strategy aims to mitigate some of the contango effects often seen in single-month futures funds.