EX-99.1 2 tm2113118d1_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 March 31, 2021 

 

Statement of Income (Loss)    
Income     
Realized Trading Gain (Loss) on Commodity Futures  $2,195,677 
Unrealized Gain (Loss) on Market Value of Commodity Futures   (5,878,247)
Dividend Income   3,275 
Interest Income   706 
ETF Transaction Fees   1,050 
Total Income (Loss)  $(3,677,539)
      
Expenses     
Management Fees  $120,121 
Professional Fees   15,526 
Brokerage Commissions   13,832 
Directors' Fees and insurance   3,063 
SEC & FINRA Registration Expense   3,146 
Total Expenses  $155,688 
Net Income (Loss)  $(3,833,227)

 

Statement of Changes in Net Asset Value    
Net Asset Value Beginning of Month 3/1/21  $170,714,168 
Additions (300,000 Shares)   10,866,369 
Withdrawals (100,000 Shares)   (3,507,298)
Net Income (Loss)   (3,833,227)
      
Net Asset Value End of Month  $174,240,012 
Net Asset Value Per Share (4,900,000 Shares)  $35.56 

 

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 March 31, 2021 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 March 31, 2021 

 

Statement of Income (Loss)    
Income     
Realized Trading Gain (Loss) on Commodity Futures  $1,291,150 
Unrealized Gain (Loss) on Market Value of Commodity Futures   (5,411,013)
Dividend Income   3,760 
Interest Income   738 
ETF Transaction Fees   2,450 
Total Income (Loss)  $(4,112,915)
      
Expenses     
Management Fees  $107,173 
Professional Fees   34,643 
Brokerage Commissions   1,236 
Directors' Fees and insurance   3,219 
SEC & FINRA Registration Expense   10,878 
Total Expenses   157,149 
Expense Waiver   (25,243)
Net Expenses  $131,906 
Net Income (Loss)  $(4,244,821)

 

Statement of Changes in Net Asset Value    
Net Asset Value Beginning of Month 3/1/21  $172,677,739 
Additions (1,400,000 Shares)   35,096,630 
Withdrawals (550,000 Shares)   (13,827,096)
Net Income (Loss)   (4,244,821)
      
Net Asset Value End of Month  $189,702,452 
Net Asset Value Per Share (7,700,000 Shares)  $24.64 

 

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 March 31, 2021 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 March 31, 2021 

 

Statement of Income (Loss)    
Income     
Realized Trading Gain (Loss) on Commodity Futures  $3,486,827 
Unrealized Gain (Loss) on Market Value of Commodity Futures   (11,289,260)
Dividend Income   7,035 
Interest Income   1,444 
ETF Transaction Fees   3,500 
Total Income (Loss)  $(7,790,454)
      
Expenses     
Management Fees  $227,294 
Professional Fees   50,169 
Brokerage Commissions   15,068 
Directors' Fees and insurance   6,282 
SEC & FINRA Registration Expense   14,024 
Total Expenses   312,837 
Expense Waiver   (25,243)
Net Expenses  $287,594 
Net Income (Loss)  $(8,078,048)

 

Statement of Changes in Net Asset Value    
Net Asset Value Beginning of Month 3/1/21  $343,391,907 
Additions (1,700,000 Shares)   45,962,999 
Withdrawals (650,000 Shares)   (17,334,394)
Net Income (Loss)   (8,078,048)
      
Net Asset Value End of Month  $363,942,464 

 

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 March 31, 2021 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