United States Gasoline Fund (UGA) risk factors

Item 1A of every United States Gasoline Fund, LP 10-K on file, and what changed from one year to the next. Readings are automated and can be wrong; check the filing for the exact wording.

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FY2025 10-K risk factors
51 risks6 new3 dropped6 reworded
Added focus on inflation and interest rate impacts on Treasury investments. Expanded discussions on potential tax code changes by the Trump Administration. New risk regarding intellectual property claims on investment strategies.
Filed Feb 27, 2026
FY2024 10-K risk factors
48 risks
UGA's risk profile is dominated by the volatility of gasoline futures, tracking errors against spot prices, contango and backwardation effects, regulatory limits, and tax complexity.
Filed Feb 28, 2025