UDI
USCF Dividend Income Fund
UDI is an actively managed fund that primarily invests in US exchange-traded, dividend-paying companies that meet the funds financial and ESG criteria.
US
EQUITY
Active
MANAGEMENT STYLE
3.0 M
ASSETS UNDER MGMT
65 bp
EXPENSES
Fund Basics
| Fund sponsor | Marygold |
| Category | US |
| Asset class | Equity |
| Website | link... |
| Inception date | Jun 08, 2022 |
| Assets (mns) | $3 |
| Expense ratio | 65 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | Monthly |
| Taxation | 1099 |
| Stock selection | Proprietary |
| Weighting | Proprietary |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | No |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
| GILEAD SCIENCES INC | 6.1 % |
| PAYCHEX INC | 4.8 % |
| ABBVIE INC | 4.5 % |
| JOHNSON & JOHNSON | 4.4 % |
| OLD REPUBLIC INTL CORP | 4.4 % |
| CISCO SYSTEMS INC | 4.2 % |
| MEDTRONIC PLC | 4.0 % |
| JPMORGAN CHASE & CO | 3.6 % |
| BANK OF NEW YORK MELLON CORP | 3.5 % |
| VERIZON COMMUNICATIONS INC | 3.4 % |
Constituent Breakdown
| Number of holdings | 38 |
| Herfindahl-Hirschman Index | 319 |
| Wgt avg mkt cap (mns) | $142,719 |
| Large cap (>$10bn) | 91.1% |
| Mid cap ($2-10bn) | 8.9% |
| Small cap (<$2bn) | 0.0% |
| Developed mkts. | 100.0% |
| Emerging mkts. | 0.0% |
Country Exposure
 |
UNITED STATES | 92.5 % |
 |
IRELAND | 4.0 % |
 |
CANADA | 1.6 % |
Historical Performance
Standardized Performance (as of 03/31/2025)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | 5.1% | 14.1% | 8.6% | -- | -- | -- | -- | 7.9% |
| Dividend Yield | -3.5% | -11.1% | -8.6% | -- | -- | -- | -- | 1.7% |
| Total Returns | 1.6% | 3.0% | -- | -- | -- | -- | -- | 9.6% | Ann. Volatility | 10.7% | 12.5% | 12.2% | -- | -- | -- | -- | 14.2% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.84 | 65% |
| MSCI EAFE | 0.88 | 76% |
| MSCI Emg Mkts | 0.73 | 43% |
Liquidity Measures
| Avg. volume (000) | 1 |
| Turnover | 1.0% |
| Avg. Bid/Ask (% of price) | 0.33% |
| ADV of underlying (mns) | $11,609 |
Technical Indicators
| Recent close | $28.32 |
| 30d moving avg. | $28.23 |
| Annualized volatility | 14.1% |
| Relative strength (RSI) | 45 |
| Short interest (ETF) | 0.4% |
| Short interest (underlying) | 0.0% |
Distributions
Assets Under Management (mns)
Money Flows (mns)
Short Interest (as % of shares outstanding)
Long Money Flows (mns)
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Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. UDI |
Expenses vs. UDI |
ALTAR Score™ vs. UDI |
|---|---|---|---|---|
| PWV | Invesco Large Cap Value ETF | 26.8% | -10 bp | -0.7% |
| DIVB | iShares Core Dividend ETF | 25.2% | -60 bp | -0.5% |
| NUDV | Nuveen ESG Dividend ETF | 24.0% | -39 bp | -1.0% |
| TBG | TBG Dividend Focus ETF | 23.9% | -6 bp | -0.6% |
| HDV | iShares Core High Dividend ETF | 23.7% | -57 bp | -1.7% |
| DGRO | iShares Core Dividend Growth ETF | 23.7% | -57 bp | -1.9% |
| RAFE | PIMCO RAFI ESG U.S. ETF | 23.6% | -36 bp | -1.0% |
| SPDG | SPDR Portfolio S&P Sector Neutral Dividend ETF | 22.8% | -60 bp | -0.3% |
| DJD | Invesco Dow Jones Industrial Average Dividend ETF | 22.1% | -58 bp | -1.0% |
| MGV | Vanguard Mega Cap Value ETF | 21.9% | -58 bp | -1.8% |
Risk and Returns: UDI vs. Comps (1 YR)
Notes: Top 10 overlapping ETFs. Funds with insufficient history not shown. Some funds may overlap. Hover over data point for ticker symbol.
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Results & Estimates
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | ||
|---|---|---|---|---|---|---|---|---|
| Sales per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Earnings per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Dividends per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Book value per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
EPS Revision Activity (6 mo. ago = 100%)
Compound Annual Growth Rates
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Valuation Metrics
| Fwd Est | 2024 | 2025 | 2026 | |
| Price-to-sales | --x | --x | --x | --x |
| Price-to-earnings | --x | --x | --x | --x |
| Price-to-cash flow | --x | --x | --x | --x |
| Price-to-growth | --x | --x | --x | --x |
| Price-to-book value | --x | --x | --x | --x |
| Yield | --% | --% | --x | --% |
Based on closing prices from 4/30/2025
Peer Group Comparison Sample data. Subscribe for access.
Price-to-Earnings
Price-to-Sales
Price-to-Book Value
Price-to-Cash Flow
Price-to-Growth
Dividend Yield
Historical Valuation Trends Sample data. Subscribe for access.
SHOWING:
Price-to-Earnings
Price-to-Earnings
UDI
Notes: Based on adjusted historical results for current fund constituents. May differ from results achieved by past fund constituents. Max P/E of 100x.
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ETF Research Center Rating
SPECULATIVE
Deeply undervalued but risky. A rating of SPECULATIVE is assigned to ETFs with ALTAR Scores in the top quintile (the top 20%) of their category, indicating exceptional appreciation potential. However, often these are narrowly-focused funds or in industries with structural issues, which may also make them very risky. Nonetheless they may still be useful as part of a well-diversified portfolio.
ALTAR Score™
UDI
8.8%
Cat. Avg
6.5%
ALTAR Score™ Calculation
Category Overview
There are 953 funds in the US Equity category, with an average ALTAR Score™
of 6.5% and a standard deviation of
2.7%. UDI's ALTAR Score™ is approximately
0.9 standard deviations
above
the category average. This places UDI in the 80th percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
UDISELL
U/W
HOLD
O/W
BUY
Expense Analysis
| Peer Group | Active US Equity ETFs |
| # of ETFs | 308 |
| Avg. Expense Ratio | 67.1 bp |
| Std. Deviation | 37 bp |
| UDI (65 bp) Percentile rank | 50 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| UDI | 65.0 | 32.7 | 97.7 |
| Peer Avg. | 67.5 | 46.5 | 114.1 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .