USCF ETF TRUST
USCF
SUMMERHAVEN DYNAMIC COMMODITY STRATEGY NO K-1 FUND (SDCI)
Supplement
dated December 18, 2019
to the
prospectus of USCF SummerHaven Dynamic Commodity Strategy No K-1 Fund
dated
October 30, 2019
* Principal U.S.
Listing Exchange: NYSE Arca, Inc.
This Supplement provides new
and additional information beyond that contained in the Prospectus and should be read in conjunction with the Prospectus.
Updated Privacy Policy
The following
privacy policy has been updated as of December 16, 2019 to account for the new California Consumer Privacy Act and will be effective
as of January 1, 2020. It replaces the “Privacy Policy” section of the Prospectus for SDCI found on pages 32 and 33:
USCF ADVISERS
LLC
USCF MUTUAL
FUNDS TRUST
USCF ETF TRUST
PRIVACY POLICY
Effective
Date: January 1, 2020
Last
Updated: December 16, 2019
Introduction
This
document sets forth the Privacy Policy of USCF Advisers LLC (the “Company”), the USCF ETF Trust (the “ETF Trust”),
the USCF Mutual Funds Trust (the “Mutual Funds Trust” and together with the ETF Trust, the “Trusts”),
and each series of the Trusts (individually, a “Fund” and together, the “Funds”, as set forth in Appendix
A, which may be amended from time to time) relating to the collection, maintenance and use of nonpublic personal information about
the Funds’ investors, as required under federal legislation. The Company is an investment adviser registered with the Securities
and Exchange Commission and a commodity pool operator registered with the Commodity Futures Trading Commission. This Privacy Policy
applies to the nonpublic personal information of Fund investors who are individuals and who obtain financial products or services
primarily for personal, family or household purposes.
Collection of Investor Information
In the course
of doing business with Fund shareholders, the Company and the Trusts may collect or have access to nonpublic personal information
about Fund shareholders. “Nonpublic personal information” is personally identifiable financial information about Fund
shareholders. For example, it includes Fund shareholders’ social security numbers, account balances, bank account information
and investors’ holdings and transactions in shares of the Funds.
The
Company and the Trusts may collect this information from the following sources:
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Information
about shareholder transactions with us and our service providers, or others;
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Information
we receive from consumer reporting agencies (including credit bureaus);
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Information
we may receive from shareholders.
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Disclosure of Nonpublic Personal
Information
The
Company and the Trusts do not sell or rent investor information of the Funds. The Company and the Trusts only disclose nonpublic
personal information collected about Fund investors as permitted by law. For example, the Company and the Trusts may disclose
nonpublic personal information about Fund investors:
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To
companies that act as service providers in connection with the administration and servicing
of the Funds, which may include attorneys, accountants, auditors and other professionals;
maintain shareholder accounts, and in connection with the servicing or processing of
transactions of the Trusts or the Funds;
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To
government entities, in response to subpoenas, court orders, judicial process or to comply
with laws or regulations;
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To
protect against fraud, unauthorized transactions (such as money laundering), claims or
other liabilities, or to collect unpaid debts; and
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When
shareholders direct us to do so or consent to the disclosure, including authorization
to disclose such information to persons acting in a fiduciary or representative capacity
on behalf of the investor.
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Fund investors have no right to opt
out of the disclosure by the Company or the Trusts of non-public personal information under the circumstances described above.
Protection of Investor Information
The Company and
the Trusts hold Fund investor information in the strictest confidence. Accordingly, the Company’s policy is to require that
all employees, financial professionals and companies providing services on its behalf keep client information confidential. In
addition, access to nonpublic personal information about shareholders is limited to our employees and in some cases to third parties
(for example, the service providers described above) as permitted by law.
The Company and
the Trusts maintains safeguards that comply with federal standards to protect Fund investor information. The Company restricts
access to the personal and account information of investors to those employees who need to know that information in the course
of their job responsibilities. Third parties with whom the Company and the Trusts share Fund investor information must agree to
follow appropriate standards of security and confidentiality, which includes safeguarding such information physically, electronically
and procedurally.
The privacy policy
of the Company and the Trusts applies to both current and former Fund investors. The Company and the Trusts will only disclose
nonpublic personal information about a former Fund investor to the same extent as for a current Fund investor.
Your California Privacy Rights
If
you are a California resident, California law provides you with specific rights regarding your personal information, including
the right to request that we disclose certain information to you about the collection and use of your personal information over
the past 12 months; the right to request that we delete any of your personal information that we have collected from you, subject
to certain exceptions; and the right to opt-out of the “sale” of your personal information, as defined by California
law. To make such a request, contact us at 1-800-920-0259
or uscfinvestments.com. Please note that we are only required to respond to two such requests per customer each year.
You
also have the right not to be discriminated against if you exercise any of your rights under California privacy law.
The
Company may have collected the following categories of personal information of California residents in the past 12 months:
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Identifiers
such as a name, Internet Protocol address, email address, or other similar identifiers.
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Categories
of personal information described in subdivision (e) of California Civil Code Section
1798.80.
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Commercial
information, including records of sales or purchases.
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Internet
or other electronic network activity information.
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Professional
or employment-related information.
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Please
note that these rights do not apply to personal information collected, processed, sold, or disclosed pursuant to the federal Gramm-Leach-Bliley
Act and implementing regulations. Please review the privacy notices in the Appendix below for more information about how we collect,
process, sell, and disclose personal information pursuant to these laws and regulations.
This
information is collected and used for the purposes disclosed in this Privacy Policy. The Company has not sold personal information
of California residents in the past 12 months. The Company may have disclosed any of the above categories of personal information
pursuant to an individual’s consent or under a written contract with a service provider for a business purpose in the past
12 months.
Changes to Privacy Policy
The Company
and the Trusts may modify or amend this Privacy Policy from time to time. The Company will indicate the date when it was most
recently updated and its effective date. If there are changes to the privacy policy in the future, a revised privacy policy with
those changes will be communicated through an appropriate channel to Fund investors as long as they continue to be Fund investors.
USCF ADVISERS
LLC
USCF ETF TRUST
USCF MUTUAL FUNDS TRUST
Privacy Notice
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FACTS
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WHAT
DO USCF ADVISERS LLC (THE “COMPANY”), THE USCF ETF TRUST AND THE USCF MUTUAL FUNDS TRUST (EACH A “TRUST”
AND TOGETHER, THE “TRUSTS”) DO WITH PERSONAL INFORMATION?
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Why?
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Financial
companies choose how they share your personal information. Federal law gives consumers the right to limit some but not all
sharing. Federal law also requires us to tell you how we collect, share, and protect your personal information. Please read
this notice carefully to understand what we do.
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What?
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The
types of personal information we collect and share depend on the product or service you
have with us. This information can include:
• Social
Security number
• account
balances
• account
transactions
• transaction
history
• wire
transfer instructions
• checking
account information
When
you are no longer our customer, we continue to share your information as described in this notice.
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How?
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All
financial companies need to share customers’ personal information to run their everyday business. In the section below,
we list the reasons financial companies can share their customers’ personal information; the reasons the Company and
the Trusts choose to share; and whether you can limit this sharing.
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Reasons
we can share your personal information
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Do
we share?
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Can
you limit this sharing?
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For
our everyday business purposes -
such as to process your transactions,
maintain your account(s), respond to court orders and legal investigations, or report to credit bureaus
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Yes
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No
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For
our marketing purposes -
to offer our products and
services to you
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No
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We
don’t share
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For
joint marketing with other financial companies
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No
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We
don’t share
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For
our affiliates’ everyday business purposes -
information about your transactions
and experiences
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Yes
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No
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For
our affiliates’ everyday business purposes -
information about your creditworthiness
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No
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We
don’t share
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For
our affiliates to market to you
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No
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We
don’t share
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For
non-affiliates to market to you
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No
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We
don’t share
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Questions? Call
1-800-394-5065 or go to www.uscfinvestments.com
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USCF
ADVISERS LLC
USCF
ETF TRUST
USCF
MUTUAL FUNDS TRUST
Privacy
Notice
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What
we do
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How
do the Company and the Trusts protect my personal information?
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To
protect your personal information from unauthorized access and use, we use security measures that comply with federal law.
These measures include computer safeguards and secured files and buildings.
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How
do the Company and the Trusts collect my personal information?
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We
collect your personal information, for example, when you
■
open an account
■
provide account information
■ give us your contact information
■
make a wire transfer
■
tell us where to send the money
We
also collect your information from others, such as credit bureaus, affiliates, or other companies.
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Why
can’t I limit all sharing?
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Federal
law gives you the right to limit only
■
sharing for affiliates’ everyday business purposes - information about your creditworthiness
■
affiliates from using your information to market to you
■
sharing for non-affiliates to market to you
State
laws and individual companies may give you additional rights to limit sharing.
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Definitions
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Affiliates
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Companies related by common ownership or control. They can be financial and non-financial companies.
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Our affiliates include companies which are subsidiaries of Wainwright Holdings, Inc., such as United States Commodity
Funds LLC.
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Non-affiliates
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Companies
not related by common ownership or control. They can be financial and non-financial companies.
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The Company and the Trusts do not share with non-affiliates so they can market to you.
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Joint
marketing
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A
formal agreement between nonaffiliated financial companies that together market financial
products or services to you.
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The Company and the Trusts do not conduct joint marketing.
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Please
retain this supplement for future reference.
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