0001104659-24-028535.txt : 20240228 0001104659-24-028535.hdr.sgml : 20240228 20240228093201 ACCESSION NUMBER: 0001104659-24-028535 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 16 CONFORMED PERIOD OF REPORT: 20240228 ITEM INFORMATION: Regulation FD Disclosure ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20240228 DATE AS OF CHANGE: 20240228 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: 24690735 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 tm246181d7_8k.htm FORM 8-K
false 0001479247 0001479247 2024-02-28 2024-02-28 0001479247 usci:UnitedStatesCommodityIndexFundMember 2024-02-28 2024-02-28 0001479247 usci:UnitedStatesCopperIndexFundMember 2024-02-28 2024-02-28 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): February 28, 2024

 

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 February 28, 2024, 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 January 31, 2024, 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: February 28, 2024 By: /s/ Stuart P. Crumbaugh
  Name: Stuart P. Crumbaugh
  Title: Chief Financial Officer

 

 

 

EX-99.1 2 tm246181d7_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 January 31, 2024

 

Statement of Income (Loss)    
Income    
Realized Trading Gain (Loss) on Commodity Futures  $1,163,856 
Unrealized Gain (Loss) on Market Value of Commodity Futures   3,752,947 
Dividend Income   250,590 
Interest Income   484,586 
ETF Transaction Fees   1,400 
Total Income (Loss)  $5,653,379 
      
Expenses     
Management Fees  $111,514 
Professional Fees   34,070 
Brokerage Commissions   13,845 
Directors' Fees and insurance   8,848 
Total Expenses  $168,277 
Net Income (Loss)  $5,485,102 

 

Statement of Changes in Net Asset Value    
Net Asset Value Beginning of Month 1/1/24  $169,026,568 
Withdrawals (200,000 Shares)   (11,347,885)
Net Income (Loss)   5,485,102 
      
Net Asset Value End of Month  $163,163,785 
Net Asset Value Per Share (2,800,000 Shares)  $58.27 

 

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 January 31, 2024 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 January 31, 2024

 

Statement of Income (Loss)    
Income    
Realized Trading Gain (Loss) on Commodity Futures  $44,563 
Unrealized Gain (Loss) on Market Value of Commodity Futures   528,700 
Dividend Income   147,974 
Interest Income   413,367 
ETF Transaction Fees   1,050 
Total Income (Loss)  $1,135,654 
      
Expenses     
Management Fees  $69,123 
Professional Fees   37,514 
Brokerage Commissions   499 
Directors' Fees and insurance   4,757 
Total Expenses  $111,893 
Net Income (Loss)  $1,023,761 

 

Statement of Changes in Net Asset Value    
Net Asset Value Beginning of Month 1/1/24  $131,353,342 
Additions (200,000 Shares)   4,816,039 
Withdrawals (250,000 Shares)   (5,893,709)
Net Income (Loss)   1,023,761 
      
Net Asset Value End of Month  $131,299,433 
Net Asset Value Per Share (5,400,000 Shares)  $24.31 

 

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 January 31, 2024 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 January 31, 2024

 

Statement of Income (Loss)    
Income     
Realized Trading Gain (Loss) on Commodity Futures  $1,208,419 
Unrealized Gain (Loss) on Market Value of Commodity Futures   4,281,647 
Dividend Income   398,564 
Interest Income   897,953 
ETF Transaction Fees   2,450 
Total Income (Loss)  $6,789,033 
      
Expenses     
Management Fees  $180,637 
Professional Fees   71,584 
Brokerage Commissions   14,344 
Non-interested Directors' Fees and Expenses   13,605 
Total Expenses  $280,170 
Net Income (Loss)  $6,508,863 

 

Statement of Changes in Net Asset Value    
Net Asset Value Beginning of Month 1/1/24  $300,379,910 
Additions (200,000 Shares)   4,816,039 
Withdrawals (450,000 Shares)   (17,241,594)
Net Income (Loss)   6,508,863 
      
Net Asset Value End of Month  $294,463,218 

 

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 January 31, 2024 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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