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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): September 29, 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 September 29, 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 August 31, 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: September 29, 2023 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 August 31, 2023

 

Statement of Income (Loss)    
Income     
Realized Trading Gain (Loss) on Commodity Futures  $2,368,390 
Unrealized Gain (Loss) on Market Value of Commodity Futures   (2,003,367)
Dividend Income   315,517 
Interest Income   476,197 
ETF Transaction Fees   700 
Total Income (Loss)  $1,157,437 
      
Expenses     
Management Fees  $121,257 
Professional Fees   28,646 
Brokerage Commissions   12,234 
Directors' Fees and insurance   5,929 
Total Expenses  $168,066 
Net Income (Loss)  $989,371 

 

Statement of Changes in Net Asset Value    
Net Asset Value Beginning of Month 8/1/23  $178,854,331 
Additions (200,000 Shares)   11,532,921 
Withdrawals (50,000 Shares)   (2,901,049)
Net Income (Loss)   989,371 
      
Net Asset Value End of Month  $188,475,574 
Net Asset Value Per Share (3,200,000 Shares)  $58.90 

 

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 August 31, 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 August 31, 2023

 

Statement of Income (Loss)    
Income     
Realized Trading Gain (Loss) on Commodity Futures  $(8,311,825)
Unrealized Gain (Loss) on Market Value of Commodity Futures   251,301 
Dividend Income   219,602 
Interest Income   443,004 
ETF Transaction Fees   2,100 
Total Income (Loss)  $(7,395,818)
      
Expenses     
Management Fees  $82,262 
Professional Fees   38,288 
Brokerage Commissions   9,874 
Directors' Fees and insurance   7,306 
Total Expenses  $137,730 
Net Income (Loss)  $(7,533,548)

 

Statement of Changes in Net Asset Value    
Net Asset Value Beginning of Month 8/1/23  $144,950,678 
Additions (700,000 Shares)   16,599,470 
Withdrawals (150,000 Shares)   (3,491,304)
Net Income (Loss)   (7,533,548)
      
Net Asset Value End of Month  $150,525,296 
Net Asset Value Per Share (6,400,000 Shares)  $23.52 

 

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 August 31, 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 August 31, 2023

 

Statement of Income (Loss)    
Income     
Realized Trading Gain (Loss) on Commodity Futures  $(5,943,435)
Unrealized Gain (Loss) on Market Value of Commodity Futures   (1,752,066)
Dividend Income   535,119 
Interest Income   919,201 
ETF Transaction Fees   2,800 
Total Income (Loss)  $(6,238,381)
      
Expenses     
Management Fees  $203,519 
Professional Fees   66,934 
Brokerage Commissions   22,108 
Directors' Fees and insurance   13,235 
Total Expenses  $305,796 
Net Income (Loss)  $(6,544,177)
      

 

Statement of Changes in Net Asset Value    
Net Asset Value Beginning of Month 8/1/23  $323,805,009 
Additions (900,000 Shares)   28,132,391 
Withdrawals (200,000 Shares)   (6,392,353)
Net Income (Loss)   (6,544,177)
      
Net Asset Value End of Month  $339,000,870 

 

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 August 31, 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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