EX-99.1 2 tm2012587d1_ex99-1.htm EXHIBIT 99.1

Exhibit 99.1

 

United States Commodity Index Funds Trust

United States Commodity Index Fund

Monthly Account Statement

For the Month Ended February 29, 2020  

 

Statement of Income (Loss)    
     
Income     
Realized Trading Gain (Loss) on Futures  $(1,831,873)
Unrealized Gain (Loss) on Market Value of Futures   (8,072,245)
Dividend Income   21,068 
Interest Income   188,009 
ETF Transaction Fees   1,750 
Total Income (Loss)  $(9,693,291)
      
Expenses     
Management Fees  $106,153 
Professional Fees   15,072 
Brokerage Commissions   9,651 
Non-interested Directors' Fees and Expenses   1,826 
Prepaid Insurance Expense   6,508 
Total Expenses  $139,210 
Net Income (Loss)  $(9,832,501)
      
Statement of Changes in Net Asset Value     
      
Net Asset Value Beginning of Month 2/1/20  $170,625,210 
Withdrawals (250,000 Shares)   (8,272,472)
Net Income (Loss)   (9,832,501)
      
Net Asset Value End of Month  $152,520,237 
Net Asset Value Per Share (4,900,000 Shares)  $31.13 

 

To the Shareholders of United States Commodity Index Fund:  
   
Pursuant to Rule 4.22(h) under the Commodity Exchange Act, the undersigned represents that, to the best of his knowledge and belief, the information contained in the Account Statement for the month ended February 29, 2020 is accurate and complete.
   
/s/ Stuart P. Crumbaugh    
Stuart P. Crumbaugh  
Chief Financial Officer  
United States Commodity Funds LLC, Sponsor of United States Commodity Index Fund  
   
United States Commodity Funds LLC  
1850 Mt. Diablo Boulevard, Suite 640  
Walnut Creek, CA 94596  

 

   

 

 

United States Commodity Index Funds Trust

United States Copper Index Fund

Monthly Account Statement

For the Month Ended February 29, 2020  

 

Statement of Income (Loss)    
     
Income     
Realized Trading Gain (Loss) on Futures  $(302,950)
Unrealized Gain (Loss) on Market Value of Futures   285,913 
Dividend Income   929 
Interest Income   9,020 
ETF Transaction Fees   1,400 
Total Income (Loss)  $(5,688)
      
Expenses     
Management Fees  $4,366 
Professional Fees   1,986 
Brokerage Commissions   386 
Non-interested Directors' Fees and Expenses   92 
Prepaid Insurance Expense   82 
Total Expenses   6,912 
Expense Waiver   (1,538)
Net Expenses  $5,374 
Net Income (Loss)  $(11,062)
      
Statement of Changes in Net Asset Value     
      
Net Asset Value Beginning of Month 2/1/20  $6,312,864 
Additions (200,000 Shares)   3,236,417 
Net Income (Loss)   (11,062)
      
Net Asset Value End of Month  $9,538,219 
Net Asset Value Per Share (600,000 Shares)  $15.90 

 

To the Shareholders of United States Copper Index Fund:  
   
Pursuant to Rule 4.22(h) under the Commodity Exchange Act, the undersigned represents that, to the best of his knowledge and belief, the information contained in the Account Statement for the month ended February 29, 2020 is accurate and complete.
   
/s/ Stuart P. Crumbaugh    
Stuart P. Crumbaugh  
Chief Financial Officer  
United States Commodity Funds LLC, Sponsor of United States Copper Index Fund  
   
United States Commodity Funds LLC  
1850 Mt. Diablo Boulevard, Suite 640  
Walnut Creek, CA 94596  

 

   

 

 

United States Commodity Index Funds Trust

Monthly Account Statement

For the Month Ended February 29, 2020  

 

Statement of Income (Loss)    
     
Income     
Realized Trading Gain (Loss) on Futures  $(2,134,823)
Unrealized Gain (Loss) on Market Value of Futures   (7,786,332)
Dividend Income   21,997 
Interest Income   197,029 
ETF Transaction Fees   3,150 
Total Income (Loss)  $(9,698,979)
      
Expenses     
Management Fees  $110,519 
Professional Fees   17,058 
Brokerage Commissions   10,037 
Non-interested Directors' Fees and Expenses   1,918 
Prepaid Insurance Expense   6,590 
Total Expenses   146,122 
Expense Waiver   (1,538)
Net Expenses  $144,584 
Net Income (Loss)  $(9,843,563)
      
Statement of Changes in Net Asset Value     
      
Net Asset Value Beginning of Month 2/1/20  $176,938,074 
Additions (200,000 Shares)   3,236,417 
Withdrawals (250,000 Shares)   (8,272,472)
Net Income (Loss)   (9,843,563)
      
Net Asset Value End of Month  $162,058,456 

 

   
To the Shareholders of the Series of the United States Commodity Index Funds Trust:  
   
Pursuant to Rule 4.22(h) under the Commodity Exchange Act, the undersigned represents that, to the best of his knowledge and belief, the information contained in the Account Statement for the month ended February 29, 2020 is accurate and complete.
   
/s/ Stuart P. Crumbaugh    
Stuart P. Crumbaugh  
Chief Financial Officer  
United States Commodity Funds LLC, Sponsor of United States Commodity Index Funds Trust  
   
United States Commodity Funds LLC  
1850 Mt. Diablo Boulevard, Suite 640  
Walnut Creek, CA 94596