EX-99.1 2 tm2033314d7_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 September 30, 2020

 

Statement of Income (Loss)    
Income     
Realized Trading Gain (Loss) on Commodity Futures  $21,216 
Unrealized Gain (Loss) on Market Value of Futures   (3,425,623)
Dividend Income   2,775 
Interest Income   185 
ETF Transaction Fees   350 
Total Income (Loss)  $(3,401,097)
      
Expenses     
Management Fees  $72,334 
Professional Fees   13,525 
Brokerage Commissions   5,609 
Directors' Fees and insurance   2,335 
Total Expenses  $93,803 
Net Income (Loss)  $(3,494,900)

 

Statement of Changes in Net Asset Value    
Net Asset Value Beginning of Month 9/1/20  $113,563,342 
Withdrawals (100,000 Shares)   (3,040,322)
Net Income (Loss)   (3,494,900)
      
Net Asset Value End of Month  $107,028,120 
Net Asset Value Per Share (3,600,000 Shares)  $29.73 

 

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 September 30, 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 September 30, 2020

 

Statement of Income (Loss)    
Income     
Realized Trading Gain (Loss) on Commodity Futures  $184,787 
Unrealized Gain (Loss) on Market Value of Futures   (445,700)
Dividend Income   791 
Interest Income   19 
ETF Transaction Fees   350 
Total Income (Loss)  $(259,753)
      
Expenses     
Management Fees  $15,925 
Professional Fees   8,049 
Brokerage Commissions   95 
Directors' Fees and insurance   223 
Total Expenses   24,292 
Expense Waiver   (4,693)
Net Expenses  $19,599 
Net Income (Loss)  $(279,352)

 

Statement of Changes in Net Asset Value    
Net Asset Value Beginning of Month 9/1/20  $31,282,514 
Withdrawals (150,000 Shares)   (2,851,680)
Net Income (Loss)   (279,352)
      
Net Asset Value End of Month  $28,151,482 
Net Asset Value Per Share (1,500,000 Shares)  $18.77 

 

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 September 30, 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 September 30, 2020

 

Statement of Income (Loss)    
Income     
Realized Trading Gain (Loss) on Commodity Futures  $206,003 
Unrealized Gain (Loss) on Market Value of Futures   (3,871,323)
Dividend Income   3,566 
Interest Income   204 
ETF Transaction Fees   700 
Total Income (Loss)  $(3,660,850)
      
Expenses     
Management Fees  $88,259 
Professional Fees   21,574 
Brokerage Commissions   5,704 
Directors' Fees and insurance   2,558 
Total Expenses   118,095 
Expense Waiver   (4,693)
Net Expenses  $113,402 
Net Income (Loss)  $(3,774,252)

 

Statement of Changes in Net Asset Value    
Net Asset Value Beginning of Month 9/1/20  $144,845,856 
Withdrawals (250,000 Shares)   (5,892,002)
Net Income (Loss)   (3,774,252)
      
Net Asset Value End of Month  $135,179,602 

 

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 September 30, 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