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