EX-99.1 2 tm239381d7_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 28, 2023

 

Statement of Income (Loss)    
Income     
Realized Trading Gain (Loss) on Commodity Futures  $1,374,183 
Unrealized Gain (Loss) on Market Value of Commodity Futures   (11,856,318)
Dividend Income   721,702 
Interest Income   79,703 
ETF Transaction Fees   1,400 
Total Income (Loss)  $(9,679,330)
      
Expenses     
Management Fees  $143,976 
Professional Fees   25,874 
Brokerage Commissions   12,542 
Directors' Fees and insurance   5,605 
Total Expenses  $187,997 
Net Income (Loss)  $(9,867,327)
      

 

Statement of Changes in Net Asset Value    
Net Asset Value Beginning of Month 2/1/23  $248,145,198 
Withdrawals (400,000 Shares)   (21,693,730)
Net Income (Loss)   (9,867,327)
      
Net Asset Value End of Month  $216,584,141 
Net Asset Value Per Share (4,000,000 Shares)  $54.15 

 

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 28, 2023 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 28, 2023

 

Statement of Income (Loss)    
Income     
Realized Trading Gain (Loss) on Commodity Futures  $10,205,612 
Unrealized Gain (Loss) on Market Value of Commodity Futures   (15,413,293)
Dividend Income   483,060 
Interest Income   60,726 
ETF Transaction Fees   1,750 
Total Income (Loss)  $(4,662,145)
      
Expenses     
Management Fees  $78,399 
Professional Fees   32,434 
Brokerage Commissions   14,321 
Directors' Fees and insurance   6,599 
Total Expenses  $131,753 
Net Income (Loss)  $(4,793,898)

 

Statement of Changes in Net Asset Value    
Net Asset Value Beginning of Month 2/1/23  $161,676,933 
Additions (450,000 Shares)   11,243,917 
Withdrawals (450,000 Shares)   (11,274,964)
Net Income (Loss)   (4,793,898)
      
Net Asset Value End of Month  $156,851,988 
Net Asset Value Per Share (6,300,000 Shares)  $24.90 

 

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 28, 2023 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 28, 2023

 

Statement of Income (Loss)    
Income     
Realized Trading Gain (Loss) on Commodity Futures  $11,579,795 
Unrealized Gain (Loss) on Market Value of Commodity Futures   (27,269,611)
Dividend Income   1,204,762 
Interest Income   140,429 
ETF Transaction Fees   3,150 
Total Income (Loss)  $(14,341,475)
      
Expenses     
Management Fees  $222,375 
Professional Fees   58,308 
Brokerage Commissions   26,863 
Directors' Fees and insurance   12,204 
Total Expenses  $319,750 
Net Income (Loss)  $(14,661,225)

 

Statement of Changes in Net Asset Value    
Net Asset Value Beginning of Month 2/1/23  $409,822,131 
Additions (450,000 Shares)   11,243,917 
Withdrawals (850,000 Shares)   (32,968,694)
Net Income (Loss)   (14,661,225)
      
Net Asset Value End of Month  $373,436,129 

 

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 28, 2023 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