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USCF operates on the leading edge of exchange-traded product (ETP) and exchange-traded fund (ETF) innovation. The firm broke new ground with the launch of the first oil ETP, the United States Oil Fund, LP (USO), in 2006. Over the next decade, USCF designed and issued thirteen more ETPs and ETFS, as well as a mutual fund, across commodity and equity asset classes. USCF currently manages over $3 billion in assets from its headquarters in Walnut Creek, California.