XML 32 R8.htm IDEA: XBRL DOCUMENT v3.20.2
Condensed Statements of Cash Flows - USD ($)
9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Cash Flows from Operating Activities:    
Net income (loss) $ (32,807,530) $ (14,762,809)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:    
(Increase) decrease in short-term investments 0 295,216
Change in unrealized (gain) loss on open commodity futures contracts (4,607,389) (10,692,387)
(Increase) decrease in receivable from Sponsor 27,859 (5,119)
(Increase) decrease in dividends receivable 23,283 (32,515)
(Increase) decrease in interest receivable 125 4,445
(Increase) decrease in prepaid insurance [1] 9,282 83
(Increase) decrease in ETF transaction fees receivable 350 (350)
Increase (decrease) in payable due to Broker (429,967) 0
Increase (decrease) in Management fees payable (59,086) (191,837)
Increase (decrease) in professional fees payable (302,815) (102,419)
Increase (decrease) in brokerage commissions payable (29,850) 0
Increase (decrease) in directors' fees payable [1] (9,852) (5,166)
Increase decrease in registration fees payable 0 0
Net cash provided by (used in) operating activities (38,185,590) (25,492,858)
Cash Flows from Financing Activities:    
Addition of shares 48,892,034 6,329,250
Redemption of shares (79,660,461) (207,971,777)
Net cash provided by (used in) financing activities (30,768,427) (201,642,527)
Net Increase (Decrease) in Cash and Cash Equivalents (68,954,017) (227,135,385)
Total Cash, Cash Equivalents and Equity in Trading Accounts, beginning of period 197,413,898 490,625,457
Total Cash, Cash Equivalents and Equity in Trading Accounts, end of period 128,459,881 263,490,072
United States Commodity Index Fund    
Cash Flows from Operating Activities:    
Net income (loss) (35,439,060) (14,351,596)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:    
Change in unrealized (gain) loss on open commodity futures contracts (3,342,751) (9,989,137)
(Increase) decrease in dividends receivable 22,713 (32,998)
(Increase) decrease in interest receivable 0 4,224
(Increase) decrease in prepaid insurance [1] 9,489 392
(Increase) decrease in ETF transaction fees receivable 350 (350)
Increase (decrease) in payable due to Broker 0 0
Increase (decrease) in Management fees payable (70,365) (189,733)
Increase (decrease) in professional fees payable (278,961) (105,495)
Increase (decrease) in brokerage commissions payable (29,850) 0
Increase (decrease) in directors' fees payable [1] (9,990) (5,159)
Net cash provided by (used in) operating activities (39,138,425) (24,669,852)
Cash Flows from Financing Activities:    
Addition of shares 18,654,333 0
Redemption of shares (67,926,335) (197,824,091)
Net cash provided by (used in) financing activities (49,272,002) (197,824,091)
Net Increase (Decrease) in Cash and Cash Equivalents (88,410,427) (222,493,943)
Total Cash, Cash Equivalents and Equity in Trading Accounts, beginning of period 190,313,994 478,509,213
Total Cash, Cash Equivalents and Equity in Trading Accounts, end of period 101,903,567 256,015,270
United States Copper Index Fund    
Cash Flows from Operating Activities:    
Net income (loss) 2,631,530 (411,213)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:    
(Increase) decrease in short-term investments 0 295,216
Change in unrealized (gain) loss on open commodity futures contracts (1,264,638) (703,250)
(Increase) decrease in receivable from Sponsor 27,859 (5,119)
(Increase) decrease in dividends receivable 570 483
(Increase) decrease in interest receivable 125 221
(Increase) decrease in prepaid insurance [1] (207) (309)
Increase (decrease) in payable due to Broker (429,967)  
Increase (decrease) in Management fees payable 11,279 (2,104)
Increase (decrease) in professional fees payable (23,854) 3,076
Increase (decrease) in directors' fees payable [1] 138 (7)
Net cash provided by (used in) operating activities 952,835 (823,006)
Cash Flows from Financing Activities:    
Addition of shares 30,237,701 6,328,250
Redemption of shares (11,733,126) (10,147,686)
Net cash provided by (used in) financing activities 18,504,575 (3,819,436)
Net Increase (Decrease) in Cash and Cash Equivalents 19,457,410 (4,642,442)
Total Cash, Cash Equivalents and Equity in Trading Accounts, beginning of period 7,098,904 12,116,244
Total Cash, Cash Equivalents and Equity in Trading Accounts, end of period 26,556,314 7,473,802
USCF Crescent Crypto Index Fund    
Cash Flows from Financing Activities:    
Addition of shares 0 1,000
Redemption of shares (1,000) 0
Net cash provided by (used in) financing activities [2] (1,000) 1,000
Net Increase (Decrease) in Cash and Cash Equivalents (1,000) 1,000
Total Cash, Cash Equivalents and Equity in Trading Accounts, beginning of period 1,000 0
Total Cash, Cash Equivalents and Equity in Trading Accounts, end of period 0 1,000
United States Commodity Index Funds Trust    
Cash Flows from Operating Activities:    
Net income (loss) $ (32,807,530) $ (14,762,809)
[1] Certain prior year amounts have been reclassified for consistency with the current presentation.
[2]    The Sponsor contributed $1,000