United States Diesel-Heating Oil Fund (UHN) 10-Q 13 Aug 18 2018 Q2 Quarterly report Financial data

Document And Entity Information

Document And Entity Information - shares	6 Months Ended
	Jun. 30, 2018	Aug. 09, 2018
Document Information [Line Items]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Jun. 30, 2018
Document Fiscal Year Focus	2,018
Document Fiscal Period Focus	Q2
Entity Registrant Name	United States Diesel-Heating Oil Fund, LP
Entity Central Index Key	1,396,877
Current Fiscal Year End Date	--12-31
Entity Filer Category	Non-accelerated Filer
Trading Symbol	UHN
Entity Common Stock, Shares Outstanding		350,000

Condensed Statements of Financi

Condensed Statements of Financial Condition - USD ($)	Jun. 30, 2018	Dec. 31, 2017
Assets
Cash and cash equivalents (at cost $6,399,805 and $5,287,792, respectively) (Notes 2 and 5)	$ 6,399,805	$ 5,287,792
Equity in trading accounts:
Cash and cash equivalents (at cost $355,335 and $1,678,048, respectively)	355,335	1,678,048
Unrealized gain (loss) on open commodity futures contracts	396,833	607,051
Receivable from General Partner (Note 3)	33,102	71,554
Dividends receivable	3,967	1,379
Interest receivable	81	1,304
Directors' fees and insurance receivable	403	63
Prepaid registration fees	183,479	187,099
Total assets	7,373,005	7,834,290
Liabilities and Partners' Capital
General Partner management fees payable (Note 3)	3,517	3,730
Professional fees payable	27,675	62,175
Brokerage commissions payable	247	247
License fees payable	222	208
Total liabilities	31,661	66,360
Commitments and Contingencies (Notes 3, 4 and 5)
Partners' Capital
General Partner	0	0
Limited Partners	7,341,344	7,767,930
Total Partners' Capital	7,341,344	7,767,930
Total liabilities and partners' capital	$ 7,373,005	$ 7,834,290
Limited Partners' shares outstanding	350,000	400,000
Net asset value per share	$ 20.98	$ 19.42
Market value per share	$ 20.96	$ 19.34

Condensed Schedule of Investmen

Condensed Schedule of Investments	Jun. 30, 2018USD ($)
Open Futures Contracts, Long [Member] | United States Contracts [Member] | NYMEX Heating Oil Futures HO May 2018 contracts, expiring April 2018 [Member]
Notional Amount	$ 6,934,952	[1]
Number of Contracts	79	[1]
Value/Unrealized Gain (Loss)on Open Commodity Contracts	$ 396,833	[1]
% of Partners' Capital	5.41%	[1]
Cash Equivalents [Member]
Market Value	$ 6,689,361
% of Partners' Capital	91.12%
Cash Equivalents [Member] | United States Treasury Obligations [Member]
Market Value	$ 3,879,361
% of Partners' Capital	52.84%
Cash Equivalents [Member] | United States Treasury Obligations [Member] | U.S. Treasury Bills, 1.56%, 7/05/2018 [Member]
Principal Amount	$ 200,000
Market Value	$ 199,966
% of Partners' Capital	2.72%
Cash Equivalents [Member] | United States Treasury Obligations [Member] | U.S. Treasury Bills, 1.56%, 7/12/2018 [Member]
Principal Amount	$ 200,000
Market Value	$ 199,905
% of Partners' Capital	2.72%
Cash Equivalents [Member] | United States Treasury Obligations [Member] | U.S. Treasury Bills, 1.60%, 7/19/2018 [Member]
Principal Amount	$ 100,000
Market Value	$ 99,920
% of Partners' Capital	1.36%
Cash Equivalents [Member] | United States Treasury Obligations [Member] | U.S. Treasury Bills, 1.61%, 7/26/2018 [Member]
Principal Amount	$ 100,000
Market Value	$ 99,889
% of Partners' Capital	1.36%
Cash Equivalents [Member] | United States Treasury Obligations [Member] | U.S. Treasury Bills, 1.63%, 8/02/2018 [Member]
Principal Amount	$ 100,000
Market Value	$ 99,856
% of Partners' Capital	1.36%
Cash Equivalents [Member] | United States Treasury Obligations [Member] | U.S. Treasury Bills, 1.71%, 8/09/2018 [Member]
Principal Amount	$ 100,000
Market Value	$ 99,816
% of Partners' Capital	1.36%
Cash Equivalents [Member] | United States Treasury Obligations [Member] | U.S. Treasury Bills, 1.77%, 8/16/2018 [Member]
Principal Amount	$ 200,000
Market Value	$ 199,552
% of Partners' Capital	2.72%
Cash Equivalents [Member] | United States Treasury Obligations [Member] | U.S. Treasury Bills, 1.82%, 8/23/2018 [Member]
Principal Amount	$ 100,000
Market Value	$ 99,735
% of Partners' Capital	1.36%
Cash Equivalents [Member] | United States Treasury Obligations [Member] | U.S. Treasury Bills, 1.82%, 8/30/2018 [Member]
Principal Amount	$ 200,000
Market Value	$ 199,398
% of Partners' Capital	2.72%
Cash Equivalents [Member] | United States Treasury Obligations [Member] | U.S. Treasury Bills, 1.85%, 9/06/2018 [Member]
Principal Amount	$ 100,000
Market Value	$ 99,659
% of Partners' Capital	1.36%
Cash Equivalents [Member] | United States Treasury Obligations [Member] | U.S. Treasury Bills, 1.90%, 9/13/2018 [Member]
Principal Amount	$ 100,000
Market Value	$ 99,613
% of Partners' Capital	1.36%
Cash Equivalents [Member] | United States Treasury Obligations [Member] | U.S. Treasury Bills, 1.92%, 9/20/2018 [Member]
Principal Amount	$ 100,000
Market Value	$ 99,571
% of Partners' Capital	1.36%
Cash Equivalents [Member] | United States Treasury Obligations [Member] | U.S. Treasury Bills, 1.90%, 9/27/2018 [Member]
Principal Amount	$ 100,000
Market Value	$ 99,541
% of Partners' Capital	1.36%
Cash Equivalents [Member] | United States Treasury Obligations [Member] | U.S. Treasury Bills, 1.87%, 10/04/2018 [Member]
Principal Amount	$ 200,000
Market Value	$ 199,021
% of Partners' Capital	2.71%
Cash Equivalents [Member] | United States Treasury Obligations [Member] | U.S. Treasury Bills, 1.90%, 10/11/2018 [Member]
Principal Amount	$ 200,000
Market Value	$ 198,935
% of Partners' Capital	2.71%
Cash Equivalents [Member] | United States Treasury Obligations [Member] | U.S. Treasury Bills, 1.97%, 10/18/2018 [Member]
Principal Amount	$ 100,000
Market Value	$ 99,410
% of Partners' Capital	1.35%
Cash Equivalents [Member] | United States Treasury Obligations [Member] | U.S. Treasury Bills, 2.00%, 10/25/2018 [Member]
Principal Amount	$ 100,000
Market Value	$ 99,362
% of Partners' Capital	1.35%
Cash Equivalents [Member] | United States Treasury Obligations [Member] | U.S. Treasury Bills, 2.00%, 11/01/2018 [Member]
Principal Amount	$ 100,000
Market Value	$ 99,324
% of Partners' Capital	1.35%
Cash Equivalents [Member] | United States Treasury Obligations [Member] | U.S. Treasury Bills, 2.03%, 11/08/2018 [Member]
Principal Amount	$ 200,000
Market Value	$ 198,552
% of Partners' Capital	2.70%
Cash Equivalents [Member] | United States Treasury Obligations [Member] | U.S. Treasury Bills, 2.05%, 11/15/2018 [Member]
Principal Amount	$ 200,000
Market Value	$ 198,455
% of Partners' Capital	2.70%
Cash Equivalents [Member] | United States Treasury Obligations [Member] | U.S. Treasury Bills, 2.07%, 11/23/2018 [Member]
Principal Amount	$ 200,000
Market Value	$ 198,349
% of Partners' Capital	2.70%
Cash Equivalents [Member] | United States Treasury Obligations [Member] | U.S. Treasury Bills, 2.05%, 11/29/2018 [Member]
Principal Amount	$ 200,000
Market Value	$ 198,301
% of Partners' Capital	2.70%
Cash Equivalents [Member] | United States Treasury Obligations [Member] | U.S. Treasury Bills, 2.09%, 12/06/2018 [Member]
Principal Amount	$ 200,000
Market Value	$ 198,183
% of Partners' Capital	2.70%
Cash Equivalents [Member] | United States Treasury Obligations [Member] | U.S. Treasury Bills, 2.06%, 12/13/2018 [Member]
Principal Amount	$ 100,000
Market Value	$ 99,065
% of Partners' Capital	1.35%
Cash Equivalents [Member] | United States Treasury Obligations [Member] | U.S. Treasury Bills, 2.09%, 12/20/2018 [Member]
Principal Amount	$ 200,000
Market Value	$ 198,022
% of Partners' Capital	2.70%
Cash Equivalents [Member] | United States Treasury Obligations [Member] | U.S. Treasury Bills, 2.07%, 12/27/2018 [Member]
Principal Amount	$ 200,000
Market Value	$ 197,961
% of Partners' Capital	2.70%
Cash Equivalents [Member] | United States - Money Market Funds [Member]
Market Value	$ 2,810,000
% of Partners' Capital	38.28%
Cash Equivalents [Member] | United States - Money Market Funds [Member] | Fidelity Investments Money Market Funds - Government Portfolio [Member]
Principal Amount	$ 810,000
Market Value	$ 810,000
% of Partners' Capital	11.04%
Cash Equivalents [Member] | United States - Money Market Funds [Member] | Goldman Sachs Financial Square Funds - Government Fund - Class FS [Member]
Principal Amount	$ 1,000,000
Market Value	$ 1,000,000
% of Partners' Capital	13.62%
Cash Equivalents [Member] | United States - Money Market Funds [Member] | Morgan Stanley Institutional Liquidity Fund, Government Portfolio [Member]
Principal Amount	$ 1,000,000
Market Value	$ 1,000,000
% of Partners' Capital	13.62%
[1]	Collateral amounted to $355,335 on open futures contracts.

Condensed Schedule of Investme4

Condensed Schedule of Investments (Parenthetical)	6 Months Ended
	Jun. 30, 2018USD ($)
Collateral amount on open futures contracts	$ 355,335
Cash Equivalents [Member] | United States Treasury Obligations [Member] | U.S. Treasury Bills, 1.56%, 7/05/2018 [Member]
Interest rate	1.56%
Expiration date	7/05/2018
Cash Equivalents [Member] | United States Treasury Obligations [Member] | U.S. Treasury Bills, 1.56%, 7/12/2018 [Member]
Interest rate	1.56%
Expiration date	7/12/2018
Cash Equivalents [Member] | United States Treasury Obligations [Member] | U.S. Treasury Bills, 1.60%, 7/19/2018 [Member]
Interest rate	1.60%
Expiration date	7/19/2018
Cash Equivalents [Member] | United States Treasury Obligations [Member] | U.S. Treasury Bills, 1.61%, 7/26/2018 [Member]
Interest rate	1.61%
Expiration date	7/26/2018
Cash Equivalents [Member] | United States Treasury Obligations [Member] | U.S. Treasury Bills, 1.63%, 8/02/2018 [Member]
Interest rate	1.63%
Expiration date	8/02/2018
Cash Equivalents [Member] | United States Treasury Obligations [Member] | U.S. Treasury Bills, 1.71%, 8/09/2018 [Member]
Interest rate	1.71%
Expiration date	8/09/2018
Cash Equivalents [Member] | United States Treasury Obligations [Member] | U.S. Treasury Bills, 1.77%, 8/16/2018 [Member]
Interest rate	1.77%
Expiration date	8/16/2018
Cash Equivalents [Member] | United States Treasury Obligations [Member] | U.S. Treasury Bills, 1.82%, 8/23/2018 [Member]
Interest rate	1.82%
Expiration date	8/23/2018
Cash Equivalents [Member] | United States Treasury Obligations [Member] | U.S. Treasury Bills, 1.82%, 8/30/2018 [Member]
Interest rate	1.82%
Expiration date	8/30/2018
Cash Equivalents [Member] | United States Treasury Obligations [Member] | U.S. Treasury Bills, 1.85%, 9/06/2018 [Member]
Interest rate	1.85%
Expiration date	9/06/2018
Cash Equivalents [Member] | United States Treasury Obligations [Member] | U.S. Treasury Bills, 1.90%, 9/13/2018 [Member]
Interest rate	1.90%
Expiration date	9/13/2018
Cash Equivalents [Member] | United States Treasury Obligations [Member] | U.S. Treasury Bills, 1.92%, 9/20/2018 [Member]
Interest rate	1.92%
Expiration date	9/20/2018
Cash Equivalents [Member] | United States Treasury Obligations [Member] | U.S. Treasury Bills, 1.90%, 9/27/2018 [Member]
Interest rate	1.90%
Expiration date	9/27/2018
Cash Equivalents [Member] | United States Treasury Obligations [Member] | U.S. Treasury Bills, 1.87%, 10/04/2018 [Member]
Interest rate	1.87%
Expiration date	10/04/2018
Cash Equivalents [Member] | United States Treasury Obligations [Member] | U.S. Treasury Bills, 1.90%, 10/11/2018 [Member]
Interest rate	1.90%
Expiration date	10/11/2018
Cash Equivalents [Member] | United States Treasury Obligations [Member] | U.S. Treasury Bills, 1.97%, 10/18/2018 [Member]
Interest rate	1.97%
Expiration date	10/18/2018
Cash Equivalents [Member] | United States Treasury Obligations [Member] | U.S. Treasury Bills, 2.00%, 10/25/2018 [Member]
Interest rate	2.00%
Expiration date	10/25/2018
Cash Equivalents [Member] | United States Treasury Obligations [Member] | U.S. Treasury Bills, 2.00%, 11/01/2018 [Member]
Interest rate	2.00%
Expiration date	11/01/2018
Cash Equivalents [Member] | United States Treasury Obligations [Member] | U.S. Treasury Bills, 2.03%, 11/08/2018 [Member]
Interest rate	2.03%
Expiration date	11/08/2018
Cash Equivalents [Member] | United States Treasury Obligations [Member] | U.S. Treasury Bills, 2.05%, 11/15/2018 [Member]
Interest rate	2.05%
Expiration date	11/15/2018
Cash Equivalents [Member] | United States Treasury Obligations [Member] | U.S. Treasury Bills, 2.07%, 11/23/2018 [Member]
Interest rate	2.07%
Expiration date	11/23/2018
Cash Equivalents [Member] | United States Treasury Obligations [Member] | U.S. Treasury Bills, 2.05%, 11/29/2018 [Member]
Interest rate	2.05%
Expiration date	11/29/2018
Cash Equivalents [Member] | United States Treasury Obligations [Member] | U.S. Treasury Bills, 2.09%, 12/06/2018 [Member]
Interest rate	2.09%
Expiration date	12/06/2018
Cash Equivalents [Member] | United States Treasury Obligations [Member] | U.S. Treasury Bills, 2.06%, 12/13/2018 [Member]
Interest rate	2.06%
Expiration date	12/13/2018
Cash Equivalents [Member] | United States Treasury Obligations [Member] | U.S. Treasury Bills, 2.09%, 12/20/2018 [Member]
Interest rate	2.09%
Expiration date	12/20/2018
Cash Equivalents [Member] | United States Treasury Obligations [Member] | U.S. Treasury Bills, 2.07%, 12/27/2018 [Member]
Interest rate	2.07%
Expiration date	12/27/2018

Condensed Statements of Operati

Condensed Statements of Operations - USD ($)		3 Months Ended		6 Months Ended
		Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017
Gain (loss) on trading of commodity futures contracts:
Realized gain (loss) on closed futures contracts		$ 803,187	$ (119,372)	$ 795,698	$ (880,937)
Change in unrealized gain (loss) on open futures contracts		(69,241)	(77,133)	(210,218)	(55,238)
Realized gain (loss) on short-term investments			(13)		(13)
Dividend income		11,438	234	19,640	1,713
Interest income	[1]	17,888	5,456	33,789	11,188
ETF transaction fees		350	700	1,050	1,400
Total income (loss)		763,622	(190,128)	639,959	(921,887)
Expenses
General Partner management fees (Note 3)		11,251	5,210	22,259	14,253
Professional fees		14,042	13,130	30,106	31,881
Brokerage commissions		1,682	1,184	3,591	2,996
Directors' fees and insurance		386	365	793	576
License fees		282	130	557	356
Registration fees		1,820	1,820	3,620	3,620
Total expenses		29,463	21,839	60,926	53,682
Expense waiver (Note 3)		(15,403)	(15,364)	(33,102)	(35,865)
Net expenses		14,060	6,475	27,824	17,817
Net income (loss)		$ 749,562	$ (196,603)	$ 612,135	$ (939,704)
Net income (loss) per limited partnership share		$ 1.95	$ (1.09)	$ 1.56	$ (2.88)
Net income (loss) per weighted average limited partnership share		$ 2.02	$ (0.82)	$ 1.59	$ (2.98)
Weighted average limited partnership shares outstanding		371,429	240,659	384,530	315,746
[1]	Interest income does not exceed paid in kind of 5%.

Condensed Statements of Operat6

Condensed Statements of Operations (Parenthetical)	Jun. 30, 2018
Received In Kind Interest, Percentage	5.00%

Condensed Statement of Changes

Condensed Statement of Changes in Partners' Capital - USD ($)	Total	General Partner [Member]	Limited Partners [Member]
Net income (loss)	$ (939,704)
Net asset value, beginning of period at Dec. 31, 2016	$ 16.85
Net asset value, end of period at Jun. 30, 2017	$ 13.97
Balance at Dec. 31, 2017	$ 7,767,930	$ 0	$ 7,767,930
Addition of 50,000 partnership shares	984,782	0	984,782
Redemption of 100,000 partnership shares	(2,023,503)	0	(2,023,503)
Net income (loss)	612,135	0	612,135
Balance at Jun. 30, 2018	$ 7,341,344	$ 0	$ 7,341,344
Net asset value, beginning of period at Dec. 31, 2017	$ 19.42
Net asset value, end of period at Jun. 30, 2018	$ 20.98

Condensed Statement of Changes8

Condensed Statement of Changes in Partners' Capital (Parenthetical)	6 Months Ended
	Jun. 30, 2018shares
Addition of partnership Shares	50,000
Redemption of partnership Shares	100,000

Condensed Statements of Cash Fl

Condensed Statements of Cash Flows - USD ($)	6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017
Cash Flows from Operating Activities:
Net income (loss)	$ 612,135	$ (939,704)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:
Unrealized (gain) loss on open futures contracts	210,218	55,238
(Increase) decrease in receivable from General Partner	38,452	64,878
(Increase) decrease in dividends receivable	(2,588)	361
(Increase) decrease in interest receivable	1,223	0
(Increase) decrease in directors' fees and insurance receivable	(340)	(763)
(Increase) decrease in prepaid registration fees	3,620	3,620
Increase (decrease) in General Partner management fees payable	(213)	(1,988)
Increase (decrease) in professional fees payable	(34,500)	(52,581)
Increase (decrease) in directors' fees and insurance payable	0	(73)
Increase (decrease) in license fees payable	14	(147)
Net cash provided by (used in) operating activities	828,021	(871,159)
Cash Flows from Financing Activities:
Addition of partnership shares	984,782	0
Redemption of partnership shares	(2,023,503)	(3,005,331)
Net cash provided by (used in) financing activities	(1,038,721)	(3,005,331)
Net Increase (Decrease) in Cash and Cash Equivalents	(210,700)	(3,876,490)
Total Cash, Cash Equivalents and Equity in Trading Accounts, beginning of period	6,965,840	6,369,988
Total Cash, Cash Equivalents and Equity in Trading Accounts, end of period	6,755,140	2,493,498
Components of Cash and Cash Equivalents:
Cash and Cash Equivalents	6,399,805	2,073,055
Equity in Trading Accounts:
Cash and Cash Equivalents	355,335	420,443
Cash And Cash Equivalents In Equity In Trading Accounts	$ 6,755,140	$ 2,493,498

ORGANIZATION AND BUSINESS

ORGANIZATION AND BUSINESS	6 Months Ended
	Jun. 30, 2018
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Organization and Business	NOTE 1 — ORGANIZATION AND BUSINESS The United States Diesel-Heating Oil Fund, LP (“UHN”) was organized as a limited partnership under the laws of the state of Delaware on April 13, 2007. UHN is a commodity pool that issues limited partnership shares (“shares”) that may be purchased and sold on the NYSE Arca, Inc. (the “NYSE Arca”). Prior to November 25, 2008, UHN’s shares traded on the American Stock Exchange (the “AMEX”). UHN will continue in perpetuity, unless terminated sooner upon the occurrence of one or more events as described in its Third Amended and Restated Agreement of Limited Partnership as amended December 15, 2017 (the “LP Agreement”). The investment objective of UHN is for the daily changes in percentage terms of its shares’ per share 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 oil) for delivery to the New York harbor, as measured by the daily changes in the price of the futures contract for heating oil traded on the New York Mercantile Exchange (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 it will be measured by the futures contract that is the next month contract to expire (the “Benchmark Futures Contract”), plus interest earned on UHN’s collateral holdings, less UHN’s expenses. UHN’s investment objective is not nor greater than one day United States Commodity Funds LLC (“USCF”), the general partner of UHN, believes that it is not practical to manage the portfolio to achieve such an investment goal when investing in Futures Contracts (as defined below) and Other Diesel-Heating Oil-Related Investments (as defined below). UHN accomplishes its objective through investments in futures contracts for diesel-heating oil, crude oil, gasoline, natural gas and other petroleum-based fuels that are traded on the NYMEX, ICE Futures Exchange (“ICE Futures”) or other U.S. and foreign exchanges (collectively, “Futures Contracts”) and other diesel-heating oil-related investments such as cash-settled options on Futures Contracts, forward contracts for diesel-heating oil and over-the-counter (“OTC”) transactions that are based on the price of diesel-heating oil, crude oil and other petroleum-based fuels, Futures Contracts and indices based on the foregoing (collectively, “Other Diesel-Heating Oil-Related Investments”). As of June 30, 2018, UHN held 79 Futures Contracts for heating oil (“HO”) traded on the NYMEX and did not hold any Futures Contracts traded on ICE Futures. UHN commenced investment operations on April 9, 2008 and has a fiscal year ending on December 31. USCF is responsible for the management of UHN. USCF is a member of the National Futures Association (the “NFA”) and became a commodity pool operator registered with the Commodity Futures Trading Commission (the “CFTC”) effective December 1, 2005 and a swaps firm on August 8, 2013. USCF is also the general partner of the United States Oil Fund, LP (“USO”), the United States Natural Gas Fund, LP (“UNG”), the United States 12 Month Oil Fund, LP (“USL”) and the United States Gasoline Fund, LP (“UGA”), which listed their limited partnership shares on the AMEX under the ticker symbols “USO” on April 10, 2006, “UNG” on April 18, 2007, “USL” on December 6, 2007 and “UGA” on February 26, 2008, respectively. As a result of the acquisition of the AMEX by NYSE Euronext, each of USO’s, UNG’s, USL’s, and UGA’s shares commenced trading on the NYSE Arca on November 25, 2008. USCF is also the general partner of the United States Short Oil Fund, LP (“DNO”), the United States 12 Month Natural Gas Fund, LP (“UNL”) and the United States Brent Oil Fund, LP (“BNO”), which listed their limited partnership shares on the NYSE Arca under the ticker symbols “DNO” on September 24, 2009, “UNL” on November 18, 2009 and “BNO” on June 2, 2010, respectively. USCF is also the sponsor of the United States Commodity Index Fund (“USCI”), the United States Copper Index Fund (“CPER”), the United States Agriculture Index Fund (“USAG”) and the USCF Canadian Crude Oil Index Fund (“UCCO”), each a series of the United States Commodity Index Funds Trust. USCI, CPER and USAG listed their shares on the NYSE Arca under the ticker symbols “USCI” on August 10, 2010, “CPER” on November 15, 2011 and “USAG” on April 13, 2012, respectively. UCCO is currently in registration and has not commenced operations. In addition, USCF is the sponsor of the USCF Funds Trust, a Delaware statutory trust, and each of its series, the United States 3x Oil Fund (“USOU”) and the United States 3x Short Oil Fund (“USOD”), which commenced operations on July 20, 2017. Two separate series of the USCF Funds Trust, the REX S&P MLP Fund (“RMLP”) and the REX S&P MLP Inverse Fund (“MLPD” and together with RMLP, the “REX Funds”), which were in registration and had not commenced operations, filed to withdraw from registration on March 30, 2018. All funds listed previously, other than UCCO and the REX Funds, are referred to collectively herein as the “Related Public Funds.” UHN issues shares to certain authorized purchasers (“Authorized Participants”) by offering baskets consisting of 50,000 shares (“Creation Baskets”) through ALPS Distributors, Inc., as the marketing agent (the “Marketing Agent”). The purchase price for a Creation Basket is based upon the NAV of a share calculated shortly after the close of the core trading session on the NYSE Arca on the day the order to create the basket is properly received. In addition, Authorized Participants pay UHN a $350 fee for each order placed to create one or more Creation Baskets or to redeem one or more baskets (“Redemption Baskets”), consisting of 50,000 shares. Shares may be purchased or sold on a nationally recognized securities exchange in smaller increments than a Creation Basket or Redemption Basket. Shares purchased or sold on a nationally recognized securities exchange are not purchased or sold at the per share NAV of UHN but rather at market prices quoted on such exchange. In April 2008, UHN initially registered 10,000,000 shares on Form S-1 with the U.S. Securities and Exchange Commission (the “SEC”). On April 9, 2008, UHN listed its shares on the AMEX under the ticker symbol “UHN” and switched to trading on the NYSE Arca under the same ticker symbol on November 25, 2008. On that day, UHN established its initial per share NAV by setting the price at $50.00 and issued 200,000 shares in exchange for $10,000,000. UHN also commenced investment operations on April 9, 2008, by purchasing Futures Contracts traded on the NYMEX based on heating oil. As of June 30, 2018, UHN had registered a total of 60,000,000 shares. The accompanying unaudited condensed financial statements have been prepared in accordance with Rule 10-01 of Regulation S-X promulgated by the SEC and, therefore, do not include all information and footnote disclosure required under generally accepted accounting principles in the United States of America (“U.S. GAAP”). The financial information included herein is unaudited; however, such financial information reflects all adjustments, consisting only of normal recurring adjustments, which are, in the opinion of USCF, necessary for the fair presentation of the condensed financial statements for the interim period.

SUMMARY OF SIGNIFICANT ACCOUNTI

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	6 Months Ended
	Jun. 30, 2018
Accounting Policies [Abstract]
Summary of Significant Accounting Policies	NOTE 2 — SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Basis of Presentation The financial statements have been prepared in conformity with U.S. GAAP as detailed in the Financial Accounting Standards Board’s (“FASB”) Accounting Standards Codification. UHN is an investment company and follows the accounting and reporting guidance in FASB Topic 946. Revenue Recognition Commodity futures contracts, forward contracts, physical commodities and related options are recorded on the trade date. All such transactions are recorded on the identified cost basis and marked to market daily. Unrealized gains or losses on open contracts are reflected in the condensed statements of financial condition and represent the difference between the original contract amount and the market value (as determined by exchange settlement prices for futures contracts and related options and cash dealer prices at a predetermined time for forward contracts, physical commodities, and their related options) as of the last business day of the year or as of the last date of the condensed financial statements. Changes in the unrealized gains or losses between periods are reflected in the condensed statements of operations. UHN earns income on funds held at the custodian or futures commission merchant (“FCM”) at prevailing market rates earned on such investments. Brokerage Commissions Brokerage commissions on all open commodity futures contracts are accrued on a full-turn basis. Income Taxes UHN is not subject to federal income taxes; each partner reports his/her allocable share of income, gain, loss deductions or credits on his/her own income tax return. In accordance with U.S. GAAP, UHN is required to determine whether a tax position is more likely than not to be sustained upon examination by the applicable taxing authority, including resolution of any tax related appeals or litigation processes, based on the technical merits of the position. UHN files an income tax return in the U.S. federal jurisdiction, and may file income tax returns in various U.S. states. UHN is not subject to income tax return examinations by major taxing authorities for years before 2014. The tax benefit recognized is measured as the largest amount of benefit that has a greater than fifty percent likelihood of being realized upon ultimate settlement. De-recognition of a tax benefit previously recognized results in UHN recording a tax liability that reduces net assets. However, UHN's conclusions regarding this policy may be subject to review and adjustment at a later date based on factors including, but not limited to, on-going analysis of and changes to tax laws, regulations and interpretations thereof. UHN recognizes interest accrued related to unrecognized tax benefits and penalties related to unrecognized tax benefits in income tax fees payable, if assessed. No interest expense or penalties have been recognized as of and for the period ended June 30, 2018. Creations and Redemptions Authorized Participants may purchase Creation Baskets or redeem Redemption Baskets only in blocks of 50,000 shares at a price equal to the NAV of the shares calculated shortly after the close of the core trading session on the NYSE Arca on the day the order is placed. UHN receives or pays the proceeds from shares sold or redeemed within two business days after the trade date of the purchase or redemption. The amounts due from Authorized Participants are reflected in UHN's condensed statements of financial condition as receivable for shares sold, and amounts payable to Authorized Participants upon redemption are reflected as payable for shares redeemed. Authorized Participants pay UHN a transaction fee of $350 for each order placed to create one or more Creation Baskets or to redeem one or more Redemption Baskets. Partnership Capital and Allocation of Partnership Income and Losses Profit or loss shall be allocated among the partners of UHN in proportion to the number of shares each partner holds as of the close of each month. USCF may revise, alter or otherwise modify this method of allocation as described in the LP Agreement. Calculation of Per Share NAV UHN's per share NAV is calculated on each NYSE Arca trading day by taking the current market value of its total assets, subtracting any liabilities and dividing that amount by the total number of shares outstanding. UHN uses the closing price for the contracts on the relevant exchange on that day to determine the value of contracts held on such exchange. Net Income (Loss) Per Share Net income (loss) per share is the difference between the per share NAV at the beginning of each period and at the end of each period. The weighted average number of shares outstanding was computed for purposes of disclosing net income (loss) per weighted average share. The weighted average shares are equal to the number of shares outstanding at the end of the period, adjusted proportionately for shares added and redeemed based on the amount of time the shares were outstanding during such period. There were no shares held by USCF at June 30, 2018. Offering Costs Offering costs incurred in connection with the registration of additional shares after the initial registration of shares are borne by UHN. These costs include registration fees paid to regulatory agencies and all legal, accounting, printing and other expenses associated with such offerings. These costs are accounted for as a deferred charge and thereafter amortized to expense over twelve months on a straight-line basis or a shorter period if warranted. Cash Equivalents Cash equivalents include money market funds and overnight deposits or time deposits with original maturity dates of six months or less. Reclassification Certain amounts in the accompanying condensed financial statements were reclassified to conform to the current presentation. Use of Estimates The preparation of condensed financial statements in conformity with U.S. GAAP requires USCF to make estimates and assumptions that affect the reported amount of assets and liabilities and disclosure of contingent assets and liabilities at the date of the condensed financial statements, and the reported amounts of the revenue and expenses during the reporting period. Actual results may differ from those estimates and assumptions. New Accounting Pronouncements In November 2016, the FASB issued Accounting Standards Update No. 2016-18, “Statement of Cash Flows (Topic 230): Restricted Cash” (“ASU 2016-18”), which amends ASC 230 to provide guidance on the classification and presentation of changes in restricted cash and restricted cash equivalents on the statement of cash flows. The ASU is effective for annual periods beginning after December 15, 2017, and interim periods within those annual periods. At this time, management has evaluated the implications of these changes on the financial statements and adopted with no material impact.

FEES PAID BY THE FUND AND RELAT

FEES PAID BY THE FUND AND RELATED PARTY TRANSACTIONS	6 Months Ended
	Jun. 30, 2018
Fees Paid By Fund and Related Party Transactions [Abstract]
Fees Paid by the Fund and Related Party Transactions	NOTE 3 — FEES PAID BY THE FUND AND RELATED PARTY TRANSACTIONS USCF Management Fee Under the LP Agreement, USCF is responsible for investing the assets of UHN in accordance with the objectives and policies of UHN. In addition, USCF has arranged for one or more third parties to provide administrative, custody, accounting, transfer agency and other necessary services to UHN. For these services, UHN is contractually obligated to pay USCF a fee, which is paid monthly, equal to 0.60% per annum of average daily total net assets. Ongoing Registration Fees and Other Offering Expenses UHN pays all costs and expenses associated with the ongoing registration of its shares subsequent to the initial offering. These costs include registration or other fees paid to regulatory agencies in connection with the offer and sale of shares, and all legal, accounting, printing and other expenses associated with such offer and sale. For the six months ended June 30, 2018 and 2017, UHN incurred $3,620 and $3,620, respectively, in registration fees and other offering expenses. Independent Directors’ and Officers’ Expenses UHN is responsible for paying its portion of the directors’ and officers’ liability insurance for UHN and the Related Public Funds and the fees and expenses of the independent directors who also serve as audit committee members of UHN and the Related Public Funds. UHN shares the fees and expenses on a pro rata basis with each Related Public Fund, as described above, based on the relative assets of each Related Public Fund computed on a daily basis. These fees and expenses for the year ending December 31, 2018 are estimated to be a total of $1,600 for UHN and, in the aggregate for UHN and the Related Public Funds, $536,200. Licensing Fees As discussed in Note 4 below, UHN entered into a licensing agreement with the NYMEX on May 30, 2007, as amended on October 20, 2011. Pursuant to the agreement, UHN and the Related Public Funds, other than BNO, USCI, CPER, USAG, USOU and USOD, pay a licensing fee that is equal to 0.015% on all net assets. During the six months ended June 30, 2018 and 2017, UHN incurred $557 and $356, respectively, under this arrangement. Investor Tax Reporting Cost The fees and expenses associated with UHN's audit expenses and tax accounting and reporting requirements are paid by UHN. These costs are estimated to be $65,000 for the year ending December 31, 2018. Tax reporting costs fluctuate between years due to the number of shareholders during any given year. Other Expenses and Fees and Expense Waivers In addition to the fees described above, UHN pays all brokerage fees and other expenses in connection with the operation of UHN, excluding costs and expenses paid by USCF as outlined in Note 4 – Contracts and Agreements Note 4 – Contracts and Agreements

CONTRACTS AND AGREEMENTS

CONTRACTS AND AGREEMENTS	6 Months Ended
	Jun. 30, 2018
Contractors [Abstract]
Contracts and Agreements	NOTE 4 — CONTRACTS AND AGREEMENTS Marketing Agent Agreement UHN is party to a marketing agent agreement, dated as of March 10, 2008, as amended from time to time, with the Marketing Agent and USCF, whereby the Marketing Agent provides certain marketing services for UHN as outlined in the agreement. The fee of the Marketing Agent, which is borne by USCF, is equal to 0.06% on UHN's assets up to $3 billion and 0.04% on UHN's assets in excess of $3 billion. In no event may the aggregate compensation paid to the Marketing Agent and any affiliate of USCF for distribution-related services exceed 10% of the gross proceeds of UHN's offering. The above fee does not include website construction and development, which are also borne by USCF. Brown Brothers Harriman & Co. Agreements UHN is also party to a custodian agreement, dated March 13, 2008, as amended from time to time, with Brown Brothers Harriman & Co. (“BBH&Co.”) and USCF, whereby BBH&Co. holds investments on behalf of UHN. USCF pays the fees of the custodian, which are determined by the parties from time to time. In addition, UHN is party to an administrative agency agreement, dated March 13, 2008, as amended from time to time, with USCF and BBH&Co., whereby BBH&Co. acts as the administrative agent, transfer agent and registrar for UHN. USCF also pays the fees of BBH&Co. for its services under such agreement and such fees are determined by the parties from time to time. Currently, USCF pays BBH&Co. for its services, in the foregoing capacities, a minimum amount of $75,000 annually for its custody, fund accounting and fund administration services rendered to UHN and each of the Related Public Funds, as well as a $20,000 annual fee for its transfer agency services. In addition, USCF pays BBH&Co. an asset-based charge of (a) 0.06% for the first $500 million of the Related Public Funds’ combined net assets, (b) 0.0465% for the Related Public Funds’ combined net assets greater than $500 million but less than $1 billion, and (c) 0.035% once the Related Public Funds’ combined net assets exceed $1 billion. The annual minimum amount will not apply if the asset-based charge for all accounts in the aggregate exceeds $75,000. USCF also pays BBH&Co. transaction fees ranging from $7 to $15 per transaction. Brokerage and Futures Commission Merchant Agreements On October 8, 2013, UHN entered into a brokerage agreement with RBC Capital Markets, LLC (“RBC Capital” or “RBC”) to serve as UHN's FCM effective October 10, 2013. The agreement with RBC requires it to provide services to UHN in connection with the purchase and sale of Futures Contracts and Other Diesel-Heating Oil-Related Investments that may be purchased and sold by or through RBC Capital for UHN's account. In accordance with the agreement, RBC Capital charges UHN commissions of approximately $7 to $8 per round-turn trade, including applicable exchange, clearing and NFA fees for Futures Contracts and options on Futures Contracts. Such fees include those incurred when purchasing Futures Contracts and options on Futures Contracts when UHN issues shares as a result of a Creation Basket, as well as fees incurred when selling Futures Contracts and options on Futures Contracts when UHN redeems shares as a result of a Redemption Basket. Such fees are also incurred when Futures Contracts and options on Futures Contracts are purchased or redeemed for the purpose of rebalancing the portfolio. UHN also incurs commissions to brokers for the purchase and sale of Futures Contracts, Other Diesel-Heating Oil-Related Investments or short-term obligations of the United States of two years or less (“Treasuries”). For the six months For the six months Total commissions accrued to brokers $ 3,591 $ 2,996 Total commissions as annualized percentage of average total net assets 0.10 % 0.13 % Commissions accrued as a result of rebalancing $ 3,491 $ 2,851 Percentage of commissions accrued as a result of rebalancing 97.22 % 95.16 % Commissions accrued as a result of creation and redemption activity $ 100 $ 145 Percentage of commissions accrued as a result of creation and redemption activity 2.78 % 4.84 % The increase in total commissions accrued to brokers for the six months ended June 30, 2018, compared to the six months ended June 30, 2017, was due primarily to a higher number of diesel-heating oil futures contracts being held and traded. NYMEX Licensing Agreement UHN and the NYMEX entered into a licensing agreement on May 30, 2007, as amended on October 20, 2011, whereby UHN was granted a non-exclusive license to use certain of the NYMEX’s settlement prices and service marks. Under the licensing agreement, UHN and the Related Public Funds, other than BNO, USCI, CPER, USAG, USOU and USOD, pay the NYMEX an asset-based fee for the license, the terms of which are described in Note 3. UHN expressly disclaims any association with the NYMEX or endorsement of UHN by the NYMEX and acknowledges that “NYMEX” and “New York Mercantile Exchange” are registered trademarks of the NYMEX.

FINANCIAL INSTRUMENTS, OFF-BALA

FINANCIAL INSTRUMENTS, OFF-BALANCE SHEET RISKS AND CONTINGENCIES	6 Months Ended
	Jun. 30, 2018
Financial Instruments Off Balance Sheet Risks and Contingencies [Abstract]
Financial Instruments, Off-Balance Sheet Risks and Contingencies	NOTE 5 — FINANCIAL INSTRUMENTS, OFF-BALANCE SHEET RISKS AND CONTINGENCIES UHN may engage in the trading of futures contracts, options on futures contracts, cleared swaps and OTC swaps (collectively, “derivatives”). UHN is exposed to both market risk, which is the risk arising from changes in the market value of the contracts, and credit risk, which is the risk of failure by another party to perform according to the terms of a contract. UHN may enter into futures contracts, options on futures contracts and cleared swaps to gain exposure to changes in the value of an underlying commodity. A futures contract obligates the seller to deliver (and the purchaser to accept) the future delivery of a specified quantity and type of a commodity at a specified time and place. Some futures contracts may call for physical delivery of the asset, while others are settled in cash. The contractual obligations of a buyer or seller may generally be satisfied by taking or making physical delivery of the underlying commodity or by making an offsetting sale or purchase of an identical futures contract on the same or linked exchange before the designated date of delivery. Cleared swaps are agreements that are eligible to be cleared by a clearinghouse, e.g., ICE Clear Europe, and provide the efficiencies and benefits that centralized clearing on an exchange offers to traders of futures contracts, including credit risk intermediation and the ability to offset positions initiated with different counterparties. The purchase and sale of futures contracts, options on futures contracts and cleared swaps require margin deposits with an FCM. Additional deposits may be necessary for any loss on contract value. The Commodity Exchange Act requires an FCM to segregate all customer transactions and assets from the FCM’s proprietary activities. Futures contracts, options on futures contracts and cleared swaps involve, to varying degrees, elements of market risk (specifically commodity price risk) and exposure to loss in excess of the amount of variation margin. The face or contract amounts reflect the extent of the total exposure UHN has in the particular classes of instruments. Additional risks associated with the use of futures contracts are an imperfect correlation between movements in the price of the futures contracts and the market value of the underlying securities and the possibility of an illiquid market for a futures contract. Buying and selling options on futures contracts exposes investors to the risks of purchasing or selling futures contracts. All of the futures contracts held by UHN through June 30, 2018 were exchange-traded. The risks associated with exchange-traded contracts are generally perceived to be less than those associated with OTC swaps since, in OTC swaps, a party must rely solely on the credit of its respective individual counterparties. However, in the future, if UHN were to enter into non-exchange traded contracts, it would be subject to the credit risk associated with counterparty non-performance. The credit risk from counterparty non-performance associated with such instruments is the net unrealized gain, if any, on the transaction. UHN has credit risk under its futures contracts since the sole counterparty to all domestic and foreign futures contracts is the clearinghouse for the exchange on which the relevant contracts are traded. In addition, UHN bears the risk of financial failure by the clearing broker. UHN's cash and other property, such as Treasuries, deposited with an FCM are considered commingled with all other customer funds, subject to the FCM’s segregation requirements. In the event of an FCM’s insolvency, recovery may be limited to a pro rata share of segregated funds available. It is possible that the recovered amount could be less than the total of cash and other property deposited. The insolvency of an FCM could result in the complete loss of UHN's assets posted with that FCM; however, the majority of UHN's assets are held in investments in Treasuries, cash and/or cash equivalents with UHN's custodian and would not be impacted by the insolvency of an FCM. The failure or insolvency of UHN's custodian, however, could result in a substantial loss of UHN's assets. USCF invests a portion of UHN's cash in money market funds that seek to maintain a stable per share NAV. UHN is exposed to any risk of loss associated with an investment in such money market funds. As of June 30, 2018 and December 31, 2017, UHN held investments in money market funds in the amounts of $2,810,000 and $2,000,000, respectively. UHN also holds cash deposits with its custodian. Pursuant to a written agreement with BBH&Co., uninvested overnight cash balances are swept to offshore branches of U.S. regulated and domiciled banks located in Toronto, Canada; London, United Kingdom; Grand Cayman, Cayman Islands; and Nassau, Bahamas; which are subject to U.S. regulation and regulatory oversight. As of June 30, 2018 and December 31, 2017, UHN held cash deposits and investments in Treasuries in the amounts of $3,945,140 and $4,965,840, respectively, with the custodian and FCM. Some or all of these amounts may be subject to loss should UHN's custodian and/or FCM cease operations. For derivatives, risks arise from changes in the market value of the contracts. Theoretically, UHN is exposed to market risk equal to the value of futures contracts purchased and unlimited liability on such contracts sold short. As both a buyer and a seller of options, UHN pays or receives a premium at the outset and then bears the risk of unfavorable changes in the price of the contract underlying the option. UHN's policy is to continuously monitor its exposure to market and counterparty risk through the use of a variety of financial, position and credit exposure reporting controls and procedures. In addition, UHN has a policy of requiring review of the credit standing of each broker or counterparty with which it conducts business. The financial instruments held by UHN are reported in its condensed statements of financial condition at market or fair value, or at carrying amounts that approximate fair value, because of their highly liquid nature and short-term maturity.

FINANCIAL HIGHLIGHTS

FINANCIAL HIGHLIGHTS	6 Months Ended
	Jun. 30, 2018
Financial Highlights [Abstract]
Financial Highlights	NOTE 6 — FINANCIAL HIGHLIGHTS The following table presents per share performance data and other supplemental financial data for the six months ended June 30, 2018 and 2017 for the shareholders. This information has been derived from information presented in the condensed financial statements. For the six months ended For the six months ended Per Share Operating Performance: Net asset value, beginning of period $ 19.42 $ 16.85 Total income (loss) 1.63 (2.82 ) Net expenses (0.07 ) (0.06 ) Net increase (decrease) in net asset value 1.56 (2.88 ) Net asset value, end of period $ 20.98 $ 13.97 Total Return 8.03 % (17.09 )% Ratios to Average Net Assets Total income (loss) 8.55 % (19.24 )% Management fees* 0.60 % 0.60 % Total expenses excluding management fees* 1.04 % 1.66 % Expenses waived* (0.89 )% (1.51 )% Net expenses excluding management fees* 0.15 % 0.15 % Net income (loss) 8.18 % (19.62 )% * Annualized. Total returns are calculated based on the change in value during the period. An individual shareholder’s total return and ratio may vary from the above total returns and ratios based on the timing of contributions to and withdrawals from UHN.

FAIR VALUE OF FINANCIAL INSTRUM

FAIR VALUE OF FINANCIAL INSTRUMENTS	6 Months Ended
	Jun. 30, 2018
Fair Value Disclosures [Abstract]
Fair Value of Financial Instruments	NOTE 7 — FAIR VALUE OF FINANCIAL INSTRUMENTS UHN values its investments in accordance with Accounting Standards Codification 820 – Fair Value Measurements and Disclosures (“ASC 820”). ASC 820 defines fair value, establishes a framework for measuring fair value in generally accepted accounting principles, and expands disclosures about fair value measurement. The changes to past practice resulting from the application of ASC 820 relate to the definition of fair value, the methods used to measure fair value, and the expanded disclosures about fair value measurement. ASC 820 establishes a fair value hierarchy that distinguishes between: (1) market participant assumptions developed based on market data obtained from sources independent of UHN (observable inputs) and (2) UHN's own assumptions about market participant assumptions developed based on the best information available under the circumstances (unobservable inputs). The three levels defined by the ASC 820 hierarchy are as follows: Level I – Quoted prices (unadjusted) in active markets for identical Level II – Inputs other than quoted prices included within Level I that are observable for the asset or liability, either directly or indirectly. Level II assets include the following: quoted prices for similar Level III – Unobservable pricing input at the measurement date for the asset or liability. Unobservable inputs shall be used to measure fair value to the extent that observable inputs are not available. In some instances, the inputs used to measure fair value might fall within different levels of the fair value hierarchy. The level in the fair value hierarchy within which the fair value measurement in its entirety falls shall be determined based on the lowest input level that is significant to the fair value measurement in its entirety. The following table summarizes the valuation of UHN’s securities at June 30, 2018 using the fair value hierarchy: At June 30, 2018 Total Level I Level II Level III Short-Term Investments $ 6,689,361 $ 6,689,361 $ — $ — Exchange-Traded Futures Contracts United States Contracts 396,833 396,833 — — During the six months ended June 30, 2018, there were no transfers between Level I and Level II. The following table summarizes the valuation of UHN’s securities at December 31, 2017 using the fair value hierarchy: At December 31, 2017 Total Level I Level II Level III Short-Term Investments $ 5,686,826 $ 5,686,826 $ — $ — Exchange-Traded Futures Contracts United States Contracts 607,051 607,051 — — During the year ended December 31, 2017, there were no transfers between Level I and Level II. Effective January 1, 2009, UHN adopted the provisions of Accounting Standards Codification 815 – Derivatives and Hedging, which require presentation of qualitative disclosures about objectives and strategies for using derivatives, quantitative disclosures about fair value amounts and gains and losses on derivatives. Fair Value of Derivative Instruments Derivatives not Condensed Fair Value Fair Value Futures - Commodity Contracts Assets $ 396,833 $ 607,051 The Effect of Derivative Instruments on the Condensed Statements of Operations For the six months ended For the six months ended Derivatives not Location of Realized Change in Realized Change in Futures - Commodity Contracts Realized gain (loss) on $ 795,698 $ (880,937 ) Change in unrealized $ (210,218 ) $ (55,238 )

SUBSEQUENT EVENTS

SUBSEQUENT EVENTS	6 Months Ended
	Jun. 30, 2018
Subsequent Events [Abstract]
Subsequent Events	NOTE 8 — SUBSEQUENT EVENTS UHN has performed an evaluation of subsequent events through the date the condensed financial statements were issued. This evaluation did not result in any subsequent events that necessitated disclosures and/or adjustments other than as disclosed below: On August 7, 2018, the Board of Directors of USCF authorized and approved the closing and liquidation each of USAG, DNO and UHN together with a plan of liquidation for each of USAG, DNO and UHN. Each of the United States Commodity Index Funds Trust, of which USAG is a series, DNO and UHN filed a current report on Form 8-K dated August 8, 2018 with the SEC that included, as an exhibit, the press release, the applicable plan of liquidation, and, in the case of DNO and UHN, a copy of the notice regarding the liquidation sent to shareholders. In addition, each of USAG, DNO and UHN filed a prospectus supplement with the SEC dated August 8, 2018. Each of the filings are also available on USCF’s website at www.uscfinvestments.com.

SUMMARY OF SIGNIFICANT ACCOUN18

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	6 Months Ended
	Jun. 30, 2018
Accounting Policies [Abstract]
Basis of Presentation	Basis of Presentation The financial statements have been prepared in conformity with U.S. GAAP as detailed in the Financial Accounting Standards Board’s (“FASB”) Accounting Standards Codification. UHN is an investment company and follows the accounting and reporting guidance in FASB Topic 946.
Revenue Recognition	Revenue Recognition Commodity futures contracts, forward contracts, physical commodities and related options are recorded on the trade date. All such transactions are recorded on the identified cost basis and marked to market daily. Unrealized gains or losses on open contracts are reflected in the condensed statements of financial condition and represent the difference between the original contract amount and the market value (as determined by exchange settlement prices for futures contracts and related options and cash dealer prices at a predetermined time for forward contracts, physical commodities, and their related options) as of the last business day of the year or as of the last date of the condensed financial statements. Changes in the unrealized gains or losses between periods are reflected in the condensed statements of operations. UHN earns income on funds held at the custodian or futures commission merchant (“FCM”) at prevailing market rates earned on such investments.
Brokerage Commissions	Brokerage Commissions Brokerage commissions on all open commodity futures contracts are accrued on a full-turn basis.
Income Taxes	Income Taxes UHN is not subject to federal income taxes; each partner reports his/her allocable share of income, gain, loss deductions or credits on his/her own income tax return. In accordance with U.S. GAAP, UHN is required to determine whether a tax position is more likely than not to be sustained upon examination by the applicable taxing authority, including resolution of any tax related appeals or litigation processes, based on the technical merits of the position. UHN files an income tax return in the U.S. federal jurisdiction, and may file income tax returns in various U.S. states. UHN is not subject to income tax return examinations by major taxing authorities for years before 2014. The tax benefit recognized is measured as the largest amount of benefit that has a greater than fifty percent likelihood of being realized upon ultimate settlement. De-recognition of a tax benefit previously recognized results in UHN recording a tax liability that reduces net assets. However, UHN's conclusions regarding this policy may be subject to review and adjustment at a later date based on factors including, but not limited to, on-going analysis of and changes to tax laws, regulations and interpretations thereof. UHN recognizes interest accrued related to unrecognized tax benefits and penalties related to unrecognized tax benefits in income tax fees payable, if assessed. No interest expense or penalties have been recognized as of and for the period ended June 30, 2018.
Creations and Redemptions	Creations and Redemptions Authorized Participants may purchase Creation Baskets or redeem Redemption Baskets only in blocks of 50,000 shares at a price equal to the NAV of the shares calculated shortly after the close of the core trading session on the NYSE Arca on the day the order is placed. UHN receives or pays the proceeds from shares sold or redeemed within two business days after the trade date of the purchase or redemption. The amounts due from Authorized Participants are reflected in UHN's condensed statements of financial condition as receivable for shares sold, and amounts payable to Authorized Participants upon redemption are reflected as payable for shares redeemed. Authorized Participants pay UHN a transaction fee of $350 for each order placed to create one or more Creation Baskets or to redeem one or more Redemption Baskets.
Partnership Capital and Allocation of Partnership Income and Losses	Partnership Capital and Allocation of Partnership Income and Losses Profit or loss shall be allocated among the partners of UHN in proportion to the number of shares each partner holds as of the close of each month. USCF may revise, alter or otherwise modify this method of allocation as described in the LP Agreement.
Calculation of Per Unit Net Asset Value	Calculation of Per Share NAV UHN's per share NAV is calculated on each NYSE Arca trading day by taking the current market value of its total assets, subtracting any liabilities and dividing that amount by the total number of shares outstanding. UHN uses the closing price for the contracts on the relevant exchange on that day to determine the value of contracts held on such exchange.
Net Income (Loss) Per Share	Net Income (Loss) Per Share Net income (loss) per share is the difference between the per share NAV at the beginning of each period and at the end of each period. The weighted average number of shares outstanding was computed for purposes of disclosing net income (loss) per weighted average share. The weighted average shares are equal to the number of shares outstanding at the end of the period, adjusted proportionately for shares added and redeemed based on the amount of time the shares were outstanding during such period. There were no shares held by USCF at June 30, 2018.
Offering Costs	Offering Costs Offering costs incurred in connection with the registration of additional shares after the initial registration of shares are borne by UHN. These costs include registration fees paid to regulatory agencies and all legal, accounting, printing and other expenses associated with such offerings. These costs are accounted for as a deferred charge and thereafter amortized to expense over twelve months on a straight-line basis or a shorter period if warranted.
Cash Equivalents	Cash Equivalents Cash equivalents include money market funds and overnight deposits or time deposits with original maturity dates of six months or less.
Reclassification	Reclassification Certain amounts in the accompanying condensed financial statements were reclassified to conform to the current presentation.
Use of Estimates	Use of Estimates The preparation of condensed financial statements in conformity with U.S. GAAP requires USCF to make estimates and assumptions that affect the reported amount of assets and liabilities and disclosure of contingent assets and liabilities at the date of the condensed financial statements, and the reported amounts of the revenue and expenses during the reporting period. Actual results may differ from those estimates and assumptions.
New Accounting Pronouncements, Policy	New Accounting Pronouncements In November 2016, the FASB issued Accounting Standards Update No. 2016-18, “Statement of Cash Flows (Topic 230): Restricted Cash” (“ASU 2016-18”), which amends ASC 230 to provide guidance on the classification and presentation of changes in restricted cash and restricted cash equivalents on the statement of cash flows. The ASU is effective for annual periods beginning after December 15, 2017, and interim periods within those annual periods. At this time, management has evaluated the implications of these changes on the financial statements and adopted with no material impact.

CONTRACTS AND AGREEMENTS (Table

CONTRACTS AND AGREEMENTS (Tables)	6 Months Ended
	Jun. 30, 2018
Contractors [Abstract]
Brokerage Commissions	UHN also incurs commissions to brokers for the purchase and sale of Futures Contracts, Other Diesel-Heating Oil-Related Investments or short-term obligations of the United States of two years or less (“Treasuries”). For the six months For the six months Total commissions accrued to brokers $ 3,591 $ 2,996 Total commissions as annualized percentage of average total net assets 0.10 % 0.13 % Commissions accrued as a result of rebalancing $ 3,491 $ 2,851 Percentage of commissions accrued as a result of rebalancing 97.22 % 95.16 % Commissions accrued as a result of creation and redemption activity $ 100 $ 145 Percentage of commissions accrued as a result of creation and redemption activity 2.78 % 4.84 %

FINANCIAL HIGHLIGHTS (Tables)

FINANCIAL HIGHLIGHTS (Tables)	6 Months Ended
	Jun. 30, 2018
Financial Highlights [Abstract]
Per Unit Performance Data and Other Supplemental Financial Data	The following table presents per share performance data and other supplemental financial data for the six months ended June 30, 2018 and 2017 for the shareholders. This information has been derived from information presented in the condensed financial statements. For the six months ended For the six months ended Per Share Operating Performance: Net asset value, beginning of period $ 19.42 $ 16.85 Total income (loss) 1.63 (2.82 ) Net expenses (0.07 ) (0.06 ) Net increase (decrease) in net asset value 1.56 (2.88 ) Net asset value, end of period $ 20.98 $ 13.97 Total Return 8.03 % (17.09 )% Ratios to Average Net Assets Total income (loss) 8.55 % (19.24 )% Management fees* 0.60 % 0.60 % Total expenses excluding management fees* 1.04 % 1.66 % Expenses waived* (0.89 )% (1.51 )% Net expenses excluding management fees* 0.15 % 0.15 % Net income (loss) 8.18 % (19.62 )% * Annualized.

FAIR VALUE OF FINANCIAL INSTR21

FAIR VALUE OF FINANCIAL INSTRUMENTS (Tables)	6 Months Ended
	Jun. 30, 2018
Fair Value Disclosures [Abstract]
Valuation of Securities Using the Fair Value Hierarchy	The following table summarizes the valuation of UHN’s securities at June 30, 2018 using the fair value hierarchy: At June 30, 2018 Total Level I Level II Level III Short-Term Investments $ 6,689,361 $ 6,689,361 $ — $ — Exchange-Traded Futures Contracts United States Contracts 396,833 396,833 — — During the six months ended June 30, 2018, there were no transfers between Level I and Level II. The following table summarizes the valuation of UHN’s securities at December 31, 2017 using the fair value hierarchy: At December 31, 2017 Total Level I Level II Level III Short-Term Investments $ 5,686,826 $ 5,686,826 $ — $ — Exchange-Traded Futures Contracts United States Contracts 607,051 607,051 — —
Fair Value of Derivative Instruments	Fair Value of Derivative Instruments Derivatives not Condensed Fair Value Fair Value Futures - Commodity Contracts Assets $ 396,833 $ 607,051
Effect of Derivative Instruments on the Condensed Statements of Operations	The Effect of Derivative Instruments on the Condensed Statements of Operations For the six months ended For the six months ended Derivatives not Location of Realized Change in Realized Change in Futures - Commodity Contracts Realized gain (loss) on $ 795,698 $ (880,937 ) Change in unrealized $ (210,218 ) $ (55,238 )

ORGANIZATION AND BUSINESS (Addi

ORGANIZATION AND BUSINESS (Additional Information) (Details)	Apr. 09, 2008USD ($)$ / sharesshares	Apr. 30, 2008	Jun. 30, 2018USD ($)$ / shares$ / Basketshares	Dec. 31, 2017$ / shares	Jun. 30, 2017$ / shares	Dec. 31, 2016$ / shares
Organization, Consolidation and Presentation of Financial Statements Disclosure [Line Items]
Fee paid by Authorized Purchasers for each order placed to create one or more Creation Baskets or to redeem one or more baskets | $			$ 350
Number of initially registered units on Form S-1 with the U.S. Securities and Exchange Commission		10,000,000
Net asset value per share | $ / shares	$ 50		$ 20.98	$ 19.42	$ 13.97	$ 16.85
Number of units issued | shares	200,000		60,000,000
Value of unit issued | $	$ 10,000,000
Commenced investment operations date			Apr. 9, 2008
Creation Baskets [Member]
Organization, Consolidation and Presentation of Financial Statements Disclosure [Line Items]
Number of units per basket | $ / Basket			50,000
Redemption Baskets [Member]
Organization, Consolidation and Presentation of Financial Statements Disclosure [Line Items]
Number of units per basket | $ / Basket			50,000
Open Cleared Swap and Futures Contracts [Member] | Open Futures Contracts, Long [Member] | NYMEX Heating Oil Futures HO November 2016 contracts, expiring October 2016 [Member]
Organization, Consolidation and Presentation of Financial Statements Disclosure [Line Items]
Number of Contracts			79

SUMMARY OF SIGNIFICANT ACCOUN23

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Additional Information) (Details)	6 Months Ended
	Jun. 30, 2018USD ($)$ / Basket
Significant Accounting Policies [Line Items]
Cash equivalents maturity period	6 months
Fee paid by Authorized Purchasers for each order placed to create one or more Creation Baskets or to redeem one or more baskets | $	$ 350
Redemption Baskets [Member]
Significant Accounting Policies [Line Items]
Number of units per basket | $ / Basket	50,000

FEES PAID BY THE FUND AND REL24

FEES PAID BY THE FUND AND RELATED PARTY TRANSACTIONS (Additional Information) (Details) - USD ($)	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017	Dec. 31, 2018
Fees Paid and Related Party Transactions [Line Items]
USCF Management Fee			UHN is contractually obligated to pay USCF a fee, which is paid monthly, equal to 0.60% per annum of average daily total net assets.
Ongoing Registration Fees and Other Offering Expenses	$ 1,820	$ 1,820	$ 3,620	$ 3,620
Costs and expenses annual limit for reimbursement			0.15%
Expense waivers	$ 15,403	$ 15,364	$ 33,102	35,865
License [Member]
Fees Paid and Related Party Transactions [Line Items]
Licensing fee incurred			$ 557	$ 356
Scenario, Forecast [Member]
Fees Paid and Related Party Transactions [Line Items]
Estimated investor tax reporting cost					$ 65,000
Licensing Agreements [Member]
Fees Paid and Related Party Transactions [Line Items]
Fee percentage			0.015%
Assets basis for determining fee percentage			on all net assets
UHN [Member] | Scenario, Forecast [Member]
Fees Paid and Related Party Transactions [Line Items]
Fees And Expenses					1,600
UHN and Related Public Funds [Member] | Scenario, Forecast [Member]
Fees Paid and Related Party Transactions [Line Items]
Related Public Funds					$ 536,200

CONTRACTS AND AGREEMENTS (Broke

CONTRACTS AND AGREEMENTS (Brokerage Commission) (Details) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017
Floor Brokerage, Exchange and Clearance Fees	$ 1,682	$ 1,184	$ 3,591	$ 2,996
Percentage Of Average Daily Net Assets	0.10%	0.13%	0.10%	0.13%
Rebalancing Investments Transaction [Member]
Floor Brokerage, Exchange and Clearance Fees			$ 3,491	$ 2,851
Percentage Of Average Daily Net Assets	97.22%	95.16%	97.22%	95.16%
Creation And Redemption Activity [Member]
Floor Brokerage, Exchange and Clearance Fees			$ 100	$ 145
Percentage Of Average Daily Net Assets	2.78%	4.84%	2.78%	4.84%

CONTRACTS AND AGREEMENTS (Addit

CONTRACTS AND AGREEMENTS (Additional Information) (Details)	6 Months Ended
	Jun. 30, 2018USD ($)
Long-Duration Contracts, Assumptions by Product and Guarantee [Line Items]
Custody Fees	$ 20,000
Annual Minimum Amount Applicability Description	75,000
Maximum [Member]
Long-Duration Contracts, Assumptions by Product and Guarantee [Line Items]
Transaction fees per transaction	15
Commissions per round-turn trade, including applicable exchange and NFA fees for Oil Futures Contracts and options on Oil Futures Contracts	8
Minimum [Member]
Long-Duration Contracts, Assumptions by Product and Guarantee [Line Items]
Transaction fees per transaction	7
Commissions per round-turn trade, including applicable exchange and NFA fees for Oil Futures Contracts and options on Oil Futures Contracts	7
Custody Fees	$ 75,000
Related Public Funds [Member]
Long-Duration Contracts, Assumptions by Product and Guarantee [Line Items]
Fee percentage	0.06%
Related Public Funds [Member] | Maximum [Member]
Long-Duration Contracts, Assumptions by Product and Guarantee [Line Items]
Base amount for determining fee percentage	$ 500,000,000
Related Public Funds' combined net assets greater than $500 million but less than $1 billion [Member]
Long-Duration Contracts, Assumptions by Product and Guarantee [Line Items]
Fee percentage	0.0465%
Related Public Funds' combined net assets greater than $500 million but less than $1 billion [Member] | Maximum [Member]
Long-Duration Contracts, Assumptions by Product and Guarantee [Line Items]
Base amount for determining fee percentage	$ 1,000,000,000
Related Public Funds' combined net assets greater than $500 million but less than $1 billion [Member] | Minimum [Member]
Long-Duration Contracts, Assumptions by Product and Guarantee [Line Items]
Base amount for determining fee percentage	$ 500,000,000
Related Public Funds' combined net assets exceed $1 billion [Member]
Long-Duration Contracts, Assumptions by Product and Guarantee [Line Items]
Fee percentage	0.035%
Related Public Funds' combined net assets exceed $1 billion [Member] | Minimum [Member]
Long-Duration Contracts, Assumptions by Product and Guarantee [Line Items]
Base amount for determining fee percentage	$ 1,000,000,000
Marketing Agreement [Member] | UHN's assets up to $3 billion [Member]
Long-Duration Contracts, Assumptions by Product and Guarantee [Line Items]
Fee percentage	0.06%
Marketing Agreement [Member] | UHN's assets up to $3 billion [Member] | Maximum [Member]
Long-Duration Contracts, Assumptions by Product and Guarantee [Line Items]
Base amount for determining fee percentage	$ 3,000,000,000
Marketing Agreement [Member] | UHN's assets in excess of $3 billion [Member]
Long-Duration Contracts, Assumptions by Product and Guarantee [Line Items]
Fee percentage	0.04%
Marketing Agreement [Member] | UHN's assets in excess of $3 billion [Member] | Minimum [Member]
Long-Duration Contracts, Assumptions by Product and Guarantee [Line Items]
Base amount for determining fee percentage	$ 3,000,000,000
Marketing Agent and Affliate of USCF [Member]
Long-Duration Contracts, Assumptions by Product and Guarantee [Line Items]
Maximum Aggregate Compensation Paid For Distribution Related Services Percentage	10.00%

FINANCIAL INSTRUMENTS, OFF-BA27

FINANCIAL INSTRUMENTS, OFF-BALANCE SHEET RISKS AND CONTINGENCIES (Additional Information) (Details) - USD ($)	Jun. 30, 2018	Dec. 31, 2017
Carrying Amounts and Fair Values of Financial Instruments or Liabilities [Line Items]
Cash investments in money market funds	$ 2,810,000	$ 2,000,000
Deposits in domestic and foreign financial institutions	$ 3,945,140	$ 4,965,840

FINANCIAL HIGHLIGHTS (Per Unit

FINANCIAL HIGHLIGHTS (Per Unit Performance Data and Other Supplemental Financial Data) (Details) - $ / shares		6 Months Ended
		Jun. 30, 2018	Jun. 30, 2017
Per Share Operating Performance:
Net asset value, beginning of period		$ 19.42	$ 16.85
Total income (loss)		1.63	(2.82)
Net expenses		(0.07)	(0.06)
Net increase (decrease) in net asset value		1.56	(2.88)
Net asset value, end of period		$ 20.98	$ 13.97
Total Return		8.03%	(17.09%)
Ratios to Average Net Assets
Total income (loss)		8.55%	(19.24%)
Management fees	[1]	0.60%	0.60%
Total expenses excluding management fees	[1]	1.04%	1.66%
Expenses waived	[1]	(0.89%)	(1.51%)
Net expenses excluding management fees	[1]	0.15%	0.15%
Net income (loss)		8.18%	(19.62%)
[1]	Annualized.

FAIR VALUE OF FINANCIAL INSTR29

FAIR VALUE OF FINANCIAL INSTRUMENTS (Valuation of Securities Using Fair Value Hierarchy) (Details) - USD ($)	Jun. 30, 2018	Dec. 31, 2017
Short-Term Investments [Member]
Schedule of Trading Securities and Other Trading Assets [Line Items]
Securities, fair value	$ 6,689,361	$ 5,686,826
Exchange-Traded Futures Contracts [Member] | United States [Member]
Schedule of Trading Securities and Other Trading Assets [Line Items]
Securities, fair value	396,833	607,051
Fair Value, Inputs, Level 1 [Member] | Short-Term Investments [Member]
Schedule of Trading Securities and Other Trading Assets [Line Items]
Securities, fair value	6,689,361	5,686,826
Fair Value, Inputs, Level 1 [Member] | Exchange-Traded Futures Contracts [Member] | United States [Member]
Schedule of Trading Securities and Other Trading Assets [Line Items]
Securities, fair value	396,833	607,051
Fair Value, Inputs, Level 2 [Member] | Short-Term Investments [Member]
Schedule of Trading Securities and Other Trading Assets [Line Items]
Securities, fair value	0	0
Fair Value, Inputs, Level 2 [Member] | Exchange-Traded Futures Contracts [Member] | United States [Member]
Schedule of Trading Securities and Other Trading Assets [Line Items]
Securities, fair value	0	0
Fair Value, Inputs, Level 3 [Member] | Short-Term Investments [Member]
Schedule of Trading Securities and Other Trading Assets [Line Items]
Securities, fair value	0	0
Fair Value, Inputs, Level 3 [Member] | Exchange-Traded Futures Contracts [Member] | United States [Member]
Schedule of Trading Securities and Other Trading Assets [Line Items]
Securities, fair value	$ 0	$ 0

FAIR VALUE OF FINANCIAL INSTR30

FAIR VALUE OF FINANCIAL INSTRUMENTS (Fair Value of Derivative Instruments) (Details) - USD ($)	Jun. 30, 2018	Dec. 31, 2017
Commodity Contracts [Member] | Futures [Member] | Assets [Member]
Derivatives, Fair Value [Line Items]
Derivatives not Accounted for as Hedging Instruments	$ 396,833	$ 607,051

FAIR VALUE OF FINANCIAL INSTR31

FAIR VALUE OF FINANCIAL INSTRUMENTS (Effect of Derivative Instruments on Condensed Statements of Operations) (Details) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017
Derivative Instruments, Gain (Loss) [Line Items]
Realized Gain (Loss) on Derivatives Recognized in Income	$ 803,187	$ (119,372)	$ 795,698	$ (880,937)
Change in Unrealized Gain (Loss) on Derivatives Recognized in Income			(210,218)	(55,238)
Commodity Contracts [Member] | Change in unrealized gain (loss) on open positions [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Change in Unrealized Gain (Loss) on Derivatives Recognized in Income			(210,218)	(55,238)
Commodity Contracts [Member] | Futures [Member] | Realized gain (loss) on closed positions [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Realized Gain (Loss) on Derivatives Recognized in Income			$ 795,698	$ (880,937)