United States Diesel-Heating Oil Fund LP

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Description


The investment objective of USDHO is for the daily changes in percentage terms of its units’ net asset value (NAV) to reflect the daily changes in percentage terms of the spot price of heating oil (also known as No. 2 fuel) for delivery at the New York harbor, as measured by the daily changes in the price of the futures contract on heating oil as traded on the NYMEX that is the near month contract to expire, except when the near month contract is within two weeks of expiration, in which case the futures contract will be the next month contract to expire (the Benchmark Futures Contract), less USDHO’s expenses.

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