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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): July 29, 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 July 29, 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 June 30, 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: July 29, 2024 By: /s/ Stuart P. Crumbaugh
  Name: Stuart P. Crumbaugh
  Title: Chief Financial Officer

 

 

 

 

Exhibit 99.1

 

United States Commodity Index Funds Trust

United States Commodity Index Fund

Monthly Account Statement

For the Month Ended June 30, 2024

 

Statement of Income (Loss)    
Income     
Realized Trading Gain (Loss) on Commodity Futures  $2,885,046 
Unrealized Gain (Loss) on Market Value of Commodity Futures   (2,816,221)
Dividend Income   297,028 
Interest Income   484,966 
Total Income (Loss)  $850,819 
      
Expenses     
Management Fees  $120,321 
Professional Fees   32,972 
Brokerage Commissions   5,151 
Directors' Fees and insurance   4,493 
Total Expenses  $162,937 
Net Income (Loss)  $687,882 
      

 

Statement of Changes in Net Asset Value    
Net Asset Value Beginning of Month 6/1/24  $183,202,257 
Net Income (Loss)   687,882 
      
Net Asset Value End of Month  $183,890,139 
Net Asset Value Per Share (2,950,000 Shares)  $62.34 

 

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 June 30, 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 June 30, 2024

 

Statement of Income (Loss)    
Income     
Realized Trading Gain (Loss) on Commodity Futures  $(9,522,488)
Unrealized Gain (Loss) on Market Value of Commodity Futures   623,575 
Dividend Income   228,692 
Interest Income   741,183 
ETF Transaction Fees   1,050 
Total Income (Loss)  $(7,927,988)
      
Expenses     
Management Fees  $119,974 
Professional Fees   76,054 
Brokerage Commissions   11,381 
Directors' Fees and insurance   4,146 
Total Expenses  $211,555 
Net Income (Loss)  $(8,139,543)

 

Statement of Changes in Net Asset Value    
Net Asset Value Beginning of Month 6/1/24  $229,188,290 
Additions (100,000 Shares)   2,790,898 
Withdrawals ((250,000) Shares)   (6,851,484)
Net Income (Loss)   (8,139,543)
      
Net Asset Value End of Month  $216,988,161 
Net Asset Value Per Share (7,950,000 Shares)  $27.29 

 

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 June 30, 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 June 30, 2024

 

Statement of Income (Loss)    
Income     
Realized Trading Gain (Loss) on Commodity Futures  $(6,637,442)
Unrealized Gain (Loss) on Market Value of Commodity Futures   (2,192,646)
Dividend Income   525,720 
Interest Income   1,226,149 
ETF Transaction Fees   1,050 
Total Income (Loss)  $(7,077,169)
      
Expenses     
Management Fees  $240,295 
Professional Fees   109,026 
Brokerage Commissions   16,532 
Directors' Fees and insurance   8,639 
Total Expenses  $374,492 
Net Income (Loss)  $(7,451,661)

 

Statement of Changes in Net Asset Value    
Net Asset Value Beginning of Month 6/1/24  $412,390,547 
Additions (100,000 Shares)   2,790,898 
Withdrawals (250,000 Shares)   (6,851,484)
Net Income (Loss)   (7,451,661)
      
Net Asset Value End of Month  $400,878,300 

 

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 June 30, 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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Entity Registrant Name UNITED STATES COMMODITY INDEX FUNDS TRUST
Entity Central Index Key 0001479247
Entity Tax Identification Number 27-1537655
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Entity Address, Address Line One 1850 Mt. Diablo Boulevard
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United States Commodity Index Fund [Member]  
Document Information [Line Items]  
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United States Copper Index Fund [Member]  
Document Information [Line Items]  
Title of 12(b) Security Shares of United States Copper Index Fund
Trading Symbol CPER
Security Exchange Name NYSEArca
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