UMI
USCF Midstream Energy Income Fund ETF
UMI holds an actively-managed portfolio of midstream energy infrastructure companies. The fund is income-focused and uses a fundamental approach that integrates ESG research.
US
EQUITY
Active
MANAGEMENT STYLE
341.1 M
ASSETS UNDER MGMT
85 bp
EXPENSES
Fund Basics
| Fund sponsor | Wainwright, Inc. |
| Category | US |
| Asset class | Equity |
| Website | link... |
| Inception date | Mar 24, 2021 |
| Assets (mns) | $341 |
| Expense ratio | 85 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | Quarterly |
| 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
| ENERGY TRANSFER, L.P. | 9.2 % |
| ENBRIDGE INC | 8.9 % |
| TARGA RESOURCES CORP | 7.9 % |
| ENTERPRISE PRODUCTS PARTNERS | 7.8 % |
| DT MIDSTREAM, INC. | 6.6 % |
| KINDER MORGAN INC | 6.2 % |
| CHENIERE ENERGY INC | 6.1 % |
| MPLX LP | 6.1 % |
| WILLIAMS COS INC | 5.9 % |
| TRANSCANADA CORP | 5.4 % |
Constituent Breakdown
| Number of holdings | 22 |
| Herfindahl-Hirschman Index | 614 |
| Wgt avg mkt cap (mns) | $45,625 |
| Large cap (>$10bn) | 76.7% |
| Mid cap ($2-10bn) | 20.2% |
| Small cap (<$2bn) | 0.0% |
| Developed mkts. | 100.3% |
| Emerging mkts. | 0.0% |
Country Exposure
 |
UNITED STATES | 76.2 % |
 |
CANADA | 25.3 % |
Historical Performance
Standardized Performance (as of 09/30/2025)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | 3.4% | 14.5% | 20.6% | 18.3% | -- | -- | -- | 13.8% |
| Dividend Yield | 1.9% | 3.7% | 5.0% | 5.4% | -- | -- | -- | 5.0% |
| Total Returns | 5.4% | 18.2% | 25.6% | 23.6% | -- | -- | -- | 18.8% | Ann. Volatility | 20.7% | 20.0% | 17.0% | 17.4% | -- | -- | -- | 22.0% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.75 | 44% |
| MSCI EAFE | 0.47 | 22% |
| MSCI Emg Mkts | 0.22 | 6% |
Liquidity Measures
| Avg. volume (000) | 15 |
| ADV traded (mns) | $1 |
| Turnover | 0.2% |
| Avg. Bid/Ask (% of price) | 0.35% |
Technical Indicators
| Recent close | $48.48 |
| 30d moving avg. | $50.48 |
| Annualized volatility | 15.1% |
| Relative strength (RSI) | 39 |
| Short interest | 0.1% |
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. |
Expenses vs. |
ALTAR Score™ vs. |
|---|---|---|---|---|
| ENFR | Alerian Energy Infrastructure ETF | 87.8% | -50 bp | +6.4% |
| USAI | Pacer American Energy Independence ETF | 78.8% | -10 bp | +5.0% |
| EINC | VanEck Energy Income ETF | 58.4% | -37 bp | +5.2% |
| TPYP | Tortoise North American Pipeline Fund | 57.9% | -45 bp | +6.1% |
| NBCT | Neuberger Berman Carbon Transition Infrastructure ETF | 55.9% | -30 bp | +6.6% |
| MLPX | Global X MLP & Energy Infrastructure ETF | 54.0% | -40 bp | +6.0% |
| USNG | Amplify Samsung U.S. Natural Gas Infrastructure ETF | 45.0% | -26 bp | +4.6% |
| AMZA | InfraCap MLP ETF | 40.9% | +79 bp | +8.5% |
| EIPI | FT Energy Income Partners Enhanced Income ETF | 36.8% | +25 bp | +6.8% |
| EMLP | First Trust North American Energy Infrastructure Fund | 36.0% | +10 bp | +5.9% |
Risk and Returns: UMI 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
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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 10/25/2025
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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
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
NEUTRAL
Average appreciation potential. A rating of NEUTRAL is assigned to ETFs with ALTAR Scores in the middle quintile (ranking between 40%-60%) of their category. This indicates that valuations adequately reflect the fundamentals of stocks in these funds.
ALTAR Score™
UMI
5.9%
Cat. Avg
5.6%
ALTAR Score™ Calculation
Category Overview
There are 995 funds in the US Equity category, with an average ALTAR Score™
of 5.6% and a standard deviation of
2.3%. UMI's ALTAR Score™ is approximately
0.2 standard deviations
above
the category average. This places UMI in the 56th percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
UMISELL
U/W
HOLD
O/W
BUY
Expense Analysis
| Peer Group | Active US Equity ETFs |
| # of ETFs | 402 |
| Avg. Expense Ratio | 63.7 bp |
| Std. Deviation | 35.5 bp |
| UMI (85 bp) Percentile rank | 73 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| UMI | 85.0 | 35.4 | 120.4 |
| Peer Avg. | 63.7 | 20.8 | 84.5 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .