0001104659-23-129978.txt : 20231228 0001104659-23-129978.hdr.sgml : 20231228 20231228122924 ACCESSION NUMBER: 0001104659-23-129978 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 14 CONFORMED PERIOD OF REPORT: 20231228 ITEM INFORMATION: Regulation FD Disclosure ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20231228 DATE AS OF CHANGE: 20231228 FILER: COMPANY DATA: COMPANY CONFORMED NAME: United States Commodity Index Funds Trust CENTRAL INDEX KEY: 0001479247 STANDARD INDUSTRIAL CLASSIFICATION: [6221] ORGANIZATION NAME: 09 Crypto Assets IRS NUMBER: 000000000 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-34833 FILM NUMBER: 231521147 BUSINESS ADDRESS: STREET 1: 1850 MT. DIABLO BLVD. STREET 2: SUITE 640 CITY: WALNUT CREEK STATE: CA ZIP: 94596 BUSINESS PHONE: 510-522-9600 MAIL ADDRESS: STREET 1: 1850 MT. DIABLO BLVD. STREET 2: SUITE 640 CITY: WALNUT CREEK STATE: CA ZIP: 94596 8-K 1 tm2332808d7_8k.htm FORM 8-K
false 0001479247 0001479247 2023-12-28 2023-12-28 0001479247 usci:UnitedStatesCommodityIndexFundMember 2023-12-28 2023-12-28 0001479247 usci:UnitedStatesCopperIndexFundMember 2023-12-28 2023-12-28 iso4217:USD xbrli:shares iso4217:USD xbrli:shares

 

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISION

Washington, D.C. 20549

 

FORM 8-K

 

CURRENT REPORT

PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

 

Date of Report (Date of earliest event reported): December 28, 2023

 

UNITED STATES COMMODITY INDEX FUNDS TRUST

(Exact name of registrant as specified in its charter)

 

Delaware 001-34833 27-1537655
(State or other jurisdiction (Commission File Number) (I.R.S. Employer
of incorporation)   Identification No.)

 

  1850 Mt. Diablo Boulevard, Suite 640  
  Walnut Creek, California 94596  
(510) 522-9600 (Address of principal executive offices) (Zip Code)  
Registrant's telephone number,
including area code
   

 

Not Applicable

(Former name or former address, if changed since last report)

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

 

¨ Written communication pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

¨ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

¨ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

¨ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ¨

 

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ¨

 

Securities registered pursuant to Section 12(b) of the Act:

 

Title of each class   Trading Symbol(s)   Name of each exchange on which registered:
Shares of United States Commodity Index Fund   USCI   NYSE Arca, Inc.
Shares of United States Copper Index Fund   CPER   NYSE Arca, Inc.

 

 

 

 

 

Item 7.01. Regulation FD Disclosure.

 

On December 28, 2023, United States Commodity Index Funds Trust (the “Registrant”), and United States Commodity Index Fund (“USCI”) and United States Copper Index Fund (“CPER”), each a series of the Registrant, issued their monthly account statements for the month ended November 30, 2023, which are presented in the form of Statements of Income (Loss) and Statements of Changes in Net Asset Value, as required pursuant to Rule 4.22 under the Commodity Exchange Act. A copy of the monthly account statements is furnished as Exhibit 99.1 to this Current Report on Form 8-K and also can be found on USCI’s and CPER’s website at www.uscfinvestments.com. The information furnished in this Current Report on Form 8-K, including Exhibit 99.1, shall not be deemed to be “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, except as shall be expressly set forth by specific reference in any such filing.

 

Item 9.01. Financial Statements and Exhibits.

 

(d) Exhibits.

 

Exhibit 99.1

 

 

 

 

SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

  UNITED STATES COMMODITY INDEX FUNDS TRUST
  By: United States Commodity Funds LLC, its sponsor
     
Date: December 28, 2023 By: /s/ Stuart P. Crumbaugh
  Name: Stuart P. Crumbaugh
  Title: Chief Financial Officer

 

 

 

EX-99.1 2 tm2332808d7_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 November 30, 2023

 

Statement of Income (Loss)    
Income     
Realized Trading Gain (Loss) on Commodity Futures  $(1,934,514)
Unrealized Gain (Loss) on Market Value of Commodity Futures   (985,001)
Dividend Income   330,390 
Interest Income   484,599 
ETF Transaction Fees   350 
Total Income (Loss)  $(2,104,176)
      
Expenses     
Management Fees  $123,662 
Professional Fees   32,971 
Brokerage Commissions   15,684 
Directors' Fees and insurance   8,585 
Total Expenses  $180,902 
Net Income (Loss)  $(2,285,078)

 

Statement of Changes in Net Asset Value    
Net Asset Value Beginning of Month 11/1/23  $192,079,701 
Withdrawals (50,000 Shares)   (2,889,193)
Net Income (Loss)   (2,285,078)
      
Net Asset Value End of Month  $186,905,430 
Net Asset Value Per Share (3,200,000 Shares)  $58.41 

 

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 November 30, 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 November 30, 2023

 

Statement of Income (Loss)    
Income     
Realized Trading Gain (Loss) on Commodity Futures  $(3,043,125)
Unrealized Gain (Loss) on Market Value of Commodity Futures   8,498,548 
Dividend Income   144,390 
Interest Income   394,207 
ETF Transaction Fees   700 
Total Income (Loss)  $5,994,720 
      
Expenses     
Management Fees  $66,452 
Professional Fees   36,305 
Brokerage Commissions   2,433 
Directors' Fees and insurance   4,603 
Total Expenses  $109,793 
Net Income (Loss)  $5,884,927 

 

Statement of Changes in Net Asset Value    
Net Asset Value Beginning of Month 11/1/23  $127,128,787 
Withdrawals (300,000 Shares)   (6,880,223)
Net Income (Loss)   5,884,927 
      
Net Asset Value End of Month  $126,133,491 
Net Asset Value Per Share (5,300,000 Shares)  $23.80 

 

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 November 30, 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 November 30, 2023

 

Statement of Income (Loss)    
Income     
Realized Trading Gain (Loss) on Commodity Futures  $(4,977,639)
Unrealized Gain (Loss) on Market Value of Commodity Futures   7,513,547 
Dividend Income   474,780 
Interest Income   878,806 
ETF Transaction Fees   1,050 
Total Income (Loss)  $3,890,544 
      
Expenses     
Management Fees  $190,114 
Professional Fees   69,276 
Brokerage Commissions   18,117 
Directors' Fees and insurance   13,188 
Total Expenses  $290,695 
Net Income (Loss)  $3,599,849 

 

Statement of Changes in Net Asset Value    
Net Asset Value Beginning of Month 11/1/23  $319,208,488 
Withdrawals (350,000 Shares)   (9,769,416)
Net Income (Loss)   3,599,849 
      
Net Asset Value End of Month  $313,038,921 

 

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 November 30, 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  

 

 

 

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