UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, DC 20549

 

FORM N-PX

  

ANNUAL REPORT OF PROXY VOTING RECORD OF REGISTERED
MANAGEMENT INVESTMENT COMPANY

Investment Company Act file number 811-22930

                                       USCF ETF Trust                                       

(Exact name of registrant as specified in charter)

1850 Mt. Diablo Blvd., Suite 640
                                Walnut Creek, CA 94596                                 

(Address of principal executive offices) (Zip code)

 

USCF Advisers LLC
Mr. Stuart Crumbaugh

1850 Mt. Diablo Blvd., Suite 640

                                Walnut Creek, CA 94596                                

(Name and address of agent for service)

 

Registrant’s telephone number, including area code: 510-522-9600

 

Date of fiscal year end: June 30

 

Date of reporting period: July 1, 2021 – June 30, 2022

 

Form N-PX is to be used by a registered management investment company, other than a small business investment company registered on Form N-5 (17 CFR 239.24 and 274.5), to file reports with the Commission, not later than August 31 of each year, containing the registrant's proxy voting record for the most recent twelve-month period ended June 30, pursuant to section 30 of the Investment Company Act of 1940 and rule 30b1-4 thereunder (17 CFR 270.30b1-4). The Commission may use the information provided on Form N-PX in its regulatory, disclosure review, inspection, and policymaking roles.

 

A registrant is required to disclose the information specified by Form N-PX, and the Commission will make this information public. A registrant is not required to respond to the collection of information contained in Form N-PX unless the Form displays a currently valid Office of Management and Budget (“OMB”) control number. Please direct comments concerning the accuracy of the information collection burden estimate and any suggestions for reducing the burden to the Secretary, Securities and Exchange Commission, 450 Fifth Street, NW, Washington, DC 20549-0609. The OMB has reviewed this collection of information under the clearance requirements of 44 U.S.C. § 3507.

 
 

ITEM 1. PROXY VOTING RECORD:

 

The following Series of the Registrant held voting securities during the reporting period. Its voting records are included herein.

 

USCF Midstream Energy Income Fund

 

The following 3 Series of the Registrant did not hold any voting securities and accordingly did not vote any proxies during the reporting period:

 

USCF SummerHaven Dynamic Commodity Strategy No K-1 Fund 

USCF Gold Strategy Plus Income Fund

USCF Dividend Income Fund

 

PROXY VOTING RECORD

FOR PERIOD JULY 1, 2021 TO JUNE 30, 2022

 
 

Vote Summary Report

 

Date range covered: 07/01/2021 to 06/30/2022

Location(s): All Locations

Institution Account(s): USCF Midstream Energy Income Fund (UMI)

 

Inter Pipeline Ltd.  
Meeting Date: 07/29/2021 Country: Canada Primary Security ID:
Record Date: 06/16/2021 Meeting Type: Annual/Special Ticker: IPL
Primary CUSIP: 45833V109    
  Shares Voted: 164,750  
     
     
Proposal       Voting Vote
Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction
1 Approve Acquisition by Pembina Pipeline Corporation Mgmt For Against Against
2.1 Elect Director Margaret McKenzie Mgmt For For For
2.2 Elect Director Christian Bayle Mgmt For For For
2.3 Elect Director Shelley Brown Mgmt For Withhold For
2.4 Elect Director Peter Cella Mgmt For Withhold Withhold
2.5 Elect Director Julie Dill Mgmt For For For
2.6 Elect Director Duane Keinick Mgmt For Withhold Withhold
2.7 Elect Director Arthur Korpach Mgmt For Withhold Withhold
2.8 Elect Director Alison Taylor Love Mgmt For Withhold For
2.9 Elect Director Wayne Smith Mgmt For For For
3 Ratify Ernst & Young LLP as Auditors Mgmt For For For
4 Advisory Vote on Executive Compensation Approach Mgmt For For For

 

Magellan Midstream Partners, L.P.  
Meeting Date: 04/21/2022 Country: USA Primary Security ID:
Record Date: 02/10/2022 Meeting Type: Annual Ticker: MMP
Primary CUSIP: 559080106    
  Shares Voted: 37,566  
     
     
Proposal       Voting Vote
Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction
1.1 Elect Director Walter R. Arnheim Mgmt For Withhold Withhold
1.2 Elect Director Lori A. Gobillot Mgmt For Withhold For
1.3 Elect Director Edward J. Guay Mgmt For Withhold Withhold
2 Advisory Vote to Ratify Named Executive Officers' Compensation Mgmt For For For
3 Ratify Ernst & Young LLP as Auditors Mgmt For For For
 
 

Vote Summary Report

 

Date range covered: 07/01/2021 to 06/30/2022

Location(s): All Locations

Institution Account(s): USCF Midstream Energy Income Fund (UMI)

 

Equitrans Midstream Corporation  
Meeting Date: 04/26/2022 Country: USA Primary Security ID:
Record Date: 02/18/2022 Meeting Type: Annual Ticker: ETRN
Primary CUSIP: 294600101    
  Shares Voted: 486,240  
     
     
Proposal       Voting Vote
Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction
1a Elect Director Vicky A. Bailey Mgmt For Against For
1b Elect Director Sarah M. Barpoulis Mgmt For Against For
1c Elect Director Kenneth M. Burke Mgmt For Against Against
1d Elect Director Patricia K. Collawn Mgmt For For For
1e Elect Director Thomas F. Karam Mgmt For For For
1f Elect Director D. Mark Leland Mgmt For For For
1g Elect Director Norman J. Szydlowski Mgmt For For For
1h Elect Director Robert F. Vagt Mgmt For For For
2 Advisory Vote to Ratify Named Executive Officers' Compensation Mgmt For For For
3 Approve Qualified Employee Stock Purchase Plan Mgmt For For For
4 Ratify Ernst & Young LLP as Auditors Mgmt For For For

 

The Williams Companies, Inc.  
Meeting Date: 04/26/2022 Country: USA Primary Security ID:
Record Date: 02/25/2022 Meeting Type: Annual Ticker: WMB
Primary CUSIP: 969457100    
  Shares Voted: 205,727  
     
     
Proposal       Voting Vote
Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction
1.1 Elect Director Alan S. Armstrong Mgmt For For For
1.2 Elect Director Stephen W. Bergstrom Mgmt For Against Against
1.3 Elect Director Nancy K. Buese Mgmt For For For
1.4 Elect Director Michael A. Creel Mgmt For For For
1.5 Elect Director Stacey H. Dore Mgmt For Against Against
1.6 Elect Director Richard E. Muncrief Mgmt For For For
1.7 Elect Director Peter A. Ragauss Mgmt For Against Against
1.8 Elect Director Rose M. Robeson Mgmt For For For
1.9 Elect Director Scott D. Sheffield Mgmt For For For
1.10 Elect Director Murray D. Smith Mgmt For For For
1.11 Elect Director William H. Spence Mgmt For Against Against
1.12 Elect Director Jesse J. Tyson Mgmt For For For
2 Ratify Ernst & Young LLP as Auditors Mgmt For For For
3 Advisory Vote to Ratify Named Executive Officers' Compensation Mgmt For For For
 
 

Vote Summary Report

 

Date range covered: 07/01/2021 to 06/30/2022

Location(s): All Locations

Institution Account(s): USCF Midstream Energy Income Fund (UMI)

 

TC Energy Corporation  
Meeting Date: 04/29/2022 Country: Canada Primary Security ID:
Record Date: 03/14/2022 Meeting Type: Annual Ticker: TRP
Primary CUSIP: 87807B107    
  Shares Voted: 132,833  
     
           
Proposal       Voting Vote
Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction
1.1 Elect Director Michael R. Culbert Mgmt For For For
1.2 Elect Director William D. Johnson Mgmt For For For
1.3 Elect Director Susan C. Jones Mgmt For For For
1.4 Elect Director John E. Lowe Mgmt For Withhold Withhold
1.5 Elect Director David MacNaughton Mgmt For Withhold Withhold
1.6 Elect Director Francois L. Poirier Mgmt For For For
1.7 Elect Director Una Power Mgmt For For For
1.8 Elect Director Mary Pat Salomone Mgmt For Withhold Withhold
1.9 Elect Director Indira V. Samarasekera Mgmt For Withhold For
1.10 Elect Director Siim A. Vanaselja Mgmt For Withhold Withhold
1.11 Elect Director Thierry Vandal Mgmt For For For
1.12 Elect Director Dheeraj "D" Verma Mgmt For For For
2 Approve KPMG LLP as Auditors and Authorize Board to Fix Their Remuneration Mgmt For For For
3 Advisory Vote on Executive Compensation Approach Mgmt For For For
4 Approve Shareholder Rights Plan Mgmt For For For

 

Gibson Energy Inc.  
Meeting Date: 05/03/2022 Country: Canada Primary Security ID:
Record Date: 03/21/2022 Meeting Type: Annual/Special Ticker: GEI
Primary CUSIP: 374825206    
  Shares Voted: 141,209  
     
           
Proposal       Voting Vote
Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction
1.1 Elect Director James M. Estey Mgmt For Withhold Withhold
1.2 Elect Director Douglas P. Bloom Mgmt For Withhold Withhold
1.3 Elect Director James J. Cleary Mgmt For Withhold Withhold
1.4 Elect Director Judy E. Cotte Mgmt For For For
1.5 Elect Director Heidi L. Dutton Mgmt For For For
1.6 Elect Director John L. Festival Mgmt For Withhold Withhold
1.7 Elect Director Marshall L. McRae Mgmt For For For
1.8 Elect Director Margaret C. Montana Mgmt For For For
1.9 Elect Director Steven R. Spaulding Mgmt For For For
2 Approve PricewaterhouseCoopers LLP as Auditors and Authorize Board to Fix Their Remuneration Mgmt For For For
3 Advisory Vote on Executive Compensation Approach Mgmt For For For
4 Re-approve Long Term Incentive Plan Mgmt For For For
 
 

Vote Summary Report

 

Date range covered: 07/01/2021 to 06/30/2022

Location(s): All Locations

Institution Account(s): USCF Midstream Energy Income Fund (UMI)

 

Enbridge Inc.  
Meeting Date: 05/04/2022 Country: Canada Primary Security ID:
Record Date: 03/09/2022 Meeting Type: Annual Ticker: ENB
Primary CUSIP: 29250N105    
  Shares Voted: 288,965  
     
           
Proposal       Voting Vote
Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction
1.1 Elect Director Mayank M. Ashar Mgmt For For For
1.2 Elect Director Gaurdie E. Banister Mgmt For For For
1.3 Elect Director Pamela L. Carter Mgmt For For For
1.4 Elect Director Susan M. Cunningham Mgmt For For For
1.5 Elect Director Gregory L. Ebel Mgmt For Withhold Withhold
1.6 Elect Director Jason B. Few Mgmt For For For
1.7 Elect Director Teresa S. Madden Mgmt For Withhold For
1.8 Elect Director Al Monaco Mgmt For For For
1.9 Elect Director Stephen S. Poloz Mgmt For Withhold Withhold
1.10 Elect Director S. Jane Rowe Mgmt For For For
1.11 Elect Director Dan C. Tutcher Mgmt For For For
1.12 Elect Director Steven W. Williams Mgmt For For For
2 Approve PricewaterhouseCoopers LLP as Auditors and Authorize Board to Fix Their Remuneration Mgmt For For For
3 Advisory Vote on Executive Compensation Approach Mgmt For For For
4 Strengthen the Company's Net Zero Commitment with a Science-Based Net Zero Target SH Against For For

 

DT Midstream, Inc.  
Meeting Date: 05/06/2022 Country: USA Primary Security ID:
Record Date: 03/09/2022 Meeting Type: Annual Ticker: DTM
Primary CUSIP: 23345M107    
  Shares Voted: 78,334  
     
           
Proposal       Voting Vote
Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction
1.1 Elect Director Robert Skaggs, Jr. Mgmt For For For
1.2 Elect Director David Slater Mgmt For For For
2 Ratify PricewaterhouseCoopers LLP as Auditors Mgmt For For For
3 Advisory Vote on Say on Pay Frequency Mgmt One Year One Year One Year

 
 

Vote Summary Report

 

Date range covered: 07/01/2021 to 06/30/2022

Location(s): All Locations

Institution Account(s): USCF Midstream Energy Income Fund (UMI)

 

Pembina Pipeline Corporation  
Meeting Date: 05/06/2022 Country: Canada Primary Security ID:
Record Date: 03/18/2022 Meeting Type: Annual Ticker: PPL
Primary CUSIP: 706327103    
  Shares Voted: 176,968  
     
           
Proposal       Voting Vote
Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction
1.1 Elect Director Anne-Marie N. Ainsworth Mgmt For For For
1.2 Elect Director J. Scott Burrows Mgmt For For For
1.3 Elect Director Cynthia Carroll Mgmt For For For
1.4 Elect Director Ana Dutra Mgmt For For For
1.5 Elect Director Randall J. Findlay Mgmt For Withhold Withhold
1.6 Elect Director Robert G. Gwin Mgmt For Withhold Withhold
1.7 Elect Director Maureen E. Howe Mgmt For Withhold Withhold
1.8 Elect Director Gordon J. Kerr Mgmt For Withhold Withhold
1.9 Elect Director David M.B. LeGresley Mgmt For Withhold Withhold
1.10 Elect Director Leslie A. O'Donoghue Mgmt For For For
1.11 Elect Director Bruce D. Rubin Mgmt For For For
1.12 Elect Director Henry W. Sykes Mgmt For For For
2 Approve KPMG LLP as Auditors and Authorize Board to Fix Their Remuneration Mgmt For For For
3 Re-approve Shareholder Rights Plan Mgmt For For For
4 Advisory Vote to Ratify Named Executive Officer's Compensation Mgmt For For For
 
 

Vote Summary Report

 

Date range covered: 07/01/2021 to 06/30/2022

Location(s): All Locations

Institution Account(s): USCF Midstream Energy Income Fund (UMI)

 

Keyera Corp.  
Meeting Date: 05/10/2022 Country: Canada Primary Security ID:
Record Date: 03/23/2022 Meeting Type: Annual Ticker: KEY
Primary CUSIP: 493271100    
  Shares Voted: 162,122  
     
           
Proposal       Voting Vote
Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction
1.1 Elect Director Jim Bertram Mgmt For For For
1.2 Elect Director Michael Crothers Mgmt For For For
1.3 Elect Director Doug Haughey Mgmt For Withhold Withhold
1.4 Elect Director Michael Norris Mgmt For For For
1.5 Elect Director Charlene Ripley Mgmt For Withhold Withhold
1.6 Elect Director Janet Woodruff Mgmt For For For
1.7 Elect Director Blair Goertzen Mgmt For For For
1.8 Elect Director Gianna Manes Mgmt For Withhold Withhold
1.9 Elect Director Thomas O'Connor Mgmt For For For
1.10 Elect Director Dean Setoguchi Mgmt For For For
2 Ratify Deloitte LLP as Auditors Mgmt For For For
3 Approve Long-Term Incentive Plan Mgmt For For For
4 Advisory Vote on Executive Compensation Approach Mgmt For For For

 

Kinder Morgan, Inc.  
Meeting Date: 05/11/2022 Country: USA Primary Security ID:
Record Date: 03/14/2022 Meeting Type: Annual Ticker: KMI
Primary CUSIP: 49456B101    
  Shares Voted: 341,358  
     
           
Proposal       Voting Vote
Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction
1.1 Elect Director Richard D. Kinder Mgmt For Against Against
1.2 Elect Director Steven J. Kean Mgmt For For For
1.3 Elect Director Kimberly A. Dang Mgmt For For For
1.4 Elect Director Ted A. Gardner Mgmt For Against Against
1.5 Elect Director Anthony W. Hall, Jr. Mgmt For Against Against
1.6 Elect Director Gary L. Hultquist Mgmt For For For
1.7 Elect Director Ronald L. Kuehn, Jr. Mgmt For Against Against
1.8 Elect Director Deborah A. Macdonald Mgmt For For For
1.9 Elect Director Michael C. Morgan Mgmt For Against Against
1.10 Elect Director Arthur C. Reichstetter Mgmt For For For
1.11 Elect Director C. Park Shaper Mgmt For For For
1.12 Elect Director William A. Smith Mgmt For For For
1.13 Elect Director Joel V. Staff Mgmt For For For
1.14 Elect Director Robert F. Vagt Mgmt For Against Against
1.15 Elect Director Perry M. Waughtal Mgmt For For For
2 Ratify PricewaterhouseCoopers LLP as Auditors Mgmt For For For
3 Advisory Vote to Ratify Named Executive Officers' Compensation Mgmt For For For
 
 

Vote Summary Report

 

Date range covered: 07/01/2021 to 06/30/2022

Location(s): All Locations

Institution Account(s): USCF Midstream Energy Income Fund (UMI)

 

Cheniere Energy, Inc.  
Meeting Date: 05/12/2022 Country: USA Primary Security ID:
Record Date: 03/28/2022 Meeting Type: Annual Ticker: LNG
Primary CUSIP: 16411R208    
  Shares Voted: 96,921  
     
           
Proposal       Voting Vote
Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction
1a Elect Director G. Andrea Botta Mgmt For Against Against
1b Elect Director Jack A. Fusco Mgmt For For For
1c Elect Director Vicky A. Bailey Mgmt For Against Against
1d Elect Director Patricia K. Collawn Mgmt For For For
1e Elect Director David B. Kilpatrick Mgmt For For For
1f Elect Director Lorraine Mitchelmore Mgmt For For For
1g Elect Director Scott Peak Mgmt For For For
1h Elect Director Donald F. Robillard, Jr. Mgmt For Against Against
1i Elect Director Neal A. Shear Mgmt For Against Against
1j Elect Director Andrew J. Teno Mgmt For For For
2 Advisory Vote to Ratify Named Executive Officers' Compensation Mgmt For For For
3 Ratify KPMG LLP as Auditors Mgmt For For For

 

Crestwood Equity Partners LP  
Meeting Date: 05/12/2022 Country: USA Primary Security ID:
Record Date: 03/21/2022 Meeting Type: Annual Ticker: CEQP
Primary CUSIP: 226344208    
  Shares Voted: 56,165  
     
           
Proposal       Voting Vote
Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction
1.1 Elect Director Warren H. Gfeller Mgmt For Withhold Withhold
1.2 Elect Director Janeen S. Judah Mgmt For Withhold Withhold
1.3 Elect Director John J. Sherman Mgmt For Withhold Withhold
2 Advisory Vote to Ratify Named Executive Officers' Compensation Mgmt For For For
3 Advisory Vote on Say on Pay Frequency Mgmt One Year One Year One Year
4 Ratify Ernst & Young LLP as Auditors Mgmt For For For
 
 

Vote Summary Report

 

Date range covered: 07/01/2021 to 06/30/2022

Location(s): All Locations

Institution Account(s): USCF Midstream Energy Income Fund (UMI)

 

Targa Resources Corp.  
Meeting Date: 05/24/2022 Country: USA Primary Security ID:
Record Date: 03/29/2022 Meeting Type: Annual Ticker: TRGP
Primary CUSIP: 87612G101    
  Shares Voted: 190,722  
     
           
Proposal       Voting Vote
Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction
1.1 Elect Director Waters S. Davis, IV Mgmt For Against Against
1.2 Elect Director Rene R. Joyce Mgmt For For For
1.3 Elect Director Matthew J. Meloy Mgmt For For For
2 Ratify PricewaterhouseCoopers LLP as Auditors Mgmt For For For
3 Advisory Vote to Ratify Named Executive Officers' Compensation Mgmt For For For

 

ONEOK, Inc.  
Meeting Date: 05/25/2022 Country: USA Primary Security ID:
Record Date: 03/28/2022 Meeting Type: Annual Ticker: OKE
Primary CUSIP: 682680103    
  Shares Voted: 150,702  
     
           
Proposal       Voting Vote
Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction
1.1 Elect Director Brian L. Derksen Mgmt For Against Against
1.2 Elect Director Julie H. Edwards Mgmt For Against Against
1.3 Elect Director John W. Gibson *Withdrawn Resolution* Mgmt None None None
1.4 Elect Director Mark W. Helderman Mgmt For Against Against
1.5 Elect Director Randall J. Larson Mgmt For For For
1.6 Elect Director Steven J. Malcolm Mgmt For Against Against
1.7 Elect Director Jim W. Mogg Mgmt For Against Against
1.8 Elect Director Pattye L. Moore Mgmt For For For
1.9 Elect Director Pierce H. Norton, II Mgmt For For For
1.10 Elect Director Eduardo A. Rodriguez Mgmt For Against Against
1.11 Elect Director Gerald B. Smith Mgmt For Against Against
2 Ratify PricewaterhouseCoopers LLP as Auditors Mgmt For For For
3 Advisory Vote to Ratify Named Executive Officers' Compensation Mgmt For For For

 

Plains GP Holdings, L.P.  
Meeting Date: 05/25/2022 Country: USA Primary Security ID:
Record Date: 03/28/2022 Meeting Type: Annual Ticker: PAGP
Primary CUSIP: 72651A207    
  Shares Voted: 500,191  
     
           
Proposal       Voting Vote
Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction
1.1 Elect Director Victor Burk Mgmt For For For
1.2 Elect Director Kevin S. McCarthy Mgmt For For For
1.3 Elect Director Harry N. Pefanis Mgmt For For For
1.4 Elect Director Gary R. Petersen Mgmt For Withhold Withhold
2 Ratify PricewaterhouseCoopers LLP as Auditors Mgmt For Against Against
3 Advisory Vote to Ratify Named Executive Officers' Compensation Mgmt For For For
 
 

Vote Summary Report

 

Date range covered: 07/01/2021 to 06/30/2022

Location(s): All Locations

Institution Account(s): USCF Midstream Energy Income Fund (UMI)

 

Antero Midstream Corporation  
Meeting Date: 06/07/2022 Country: USA Primary Security ID:
Record Date: 04/18/2022 Meeting Type: Annual Ticker: AM
Primary CUSIP: 03676B102    
  Shares Voted: 331,588  
     
           
Proposal       Voting Vote
Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction
1.1 Elect Director Paul M. Rady Mgmt For Withhold Withhold
1.2 Elect Director David H. Keyte Mgmt For Withhold Withhold
2 Ratify KPMG LLP as Auditors Mgmt For For For
3 Advisory Vote to Ratify Named Executive Officers' Compensation Mgmt For For For
 
 

SIGNATURES

 

Pursuant to the requirements of the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

 

Registrant                                                   USCF ETF Trust

 

By (Signature and Title)*        /s/ John P. Love
  John P. Love, President
(principal executive officer)

 

Date      August 19, 2022

 

*Print the name and title of each signing officer under his or her signature.