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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): October 27, 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 October 27, 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 September 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: October 27, 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 September 30, 2023

 

Statement of Income (Loss)    
Income     
Realized Trading Gain (Loss) on Commodity Futures  $(2,184,545)
Unrealized Gain (Loss) on Market Value of Commodity Futures   2,080,379 
Dividend Income   299,275 
Interest Income   546,608 
ETF Transaction Fees   700 
Total Income (Loss)  $742,417 
      
Expenses     
Management Fees  $128,028 
Professional Fees   31,221 
Brokerage Commissions   12,663 
Directors' Fees and insurance   7,696 
Total Expenses  $179,608 
Net Income (Loss)  $562,809 

 

Statement of Changes in Net Asset Value    
Net Asset Value Beginning of Month 9/1/23  $188,475,574 
Additions (100,000 Shares)   6,059,389 
Net Income (Loss)   562,809 
      
Net Asset Value End of Month  $195,097,772 
Net Asset Value Per Share (3,300,000 Shares)  $59.12 

 

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 September 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 September 30, 2023

 

Statement of Income (Loss)    
Income     
Realized Trading Gain (Loss) on Commodity Futures  $294,925 
Unrealized Gain (Loss) on Market Value of Commodity Futures   (3,377,065)
Dividend Income   139,460 
Interest Income   470,621 
ETF Transaction Fees   1,400 
Total Income (Loss)  $(2,470,659)
      
Expenses     
Management Fees  $75,487 
Professional Fees   36,555 
Brokerage Commissions   2,842 
Directors' Fees and insurance   5,425 
Total Expenses  $120,309 
Net Income (Loss)  $(2,590,968)

 

Statement of Changes in Net Asset Value    
Net Asset Value Beginning of Month 9/1/23  $150,525,296 
Withdrawals (500,000 Shares)   (11,590,543)
Net Income (Loss)   (2,590,968)
      
Net Asset Value End of Month  $136,343,785 
Net Asset Value Per Share (5,900,000 Shares)  $23.11 

 

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 September 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 September 30, 2023

 

Statement of Income (Loss)    
Income     
Realized Trading Gain (Loss) on Commodity Futures  $(1,889,620)
Unrealized Gain (Loss) on Market Value of Commodity Futures   (1,296,686)
Dividend Income   438,735 
Interest Income   1,017,229 
ETF Transaction Fees   2,100 
Total Income (Loss)  $(1,728,242)
      
Expenses     
Management Fees  $203,515 
Professional Fees   67,776 
Brokerage Commissions   15,505 
Directors' Fees and insurance   13,121 
Total Expenses  $299,917 
Net Income (Loss)  $(2,028,159)

 

Statement of Changes in Net Asset Value    
Net Asset Value Beginning of Month 9/1/23  $339,000,870 
Additions (100,000 Shares)   6,059,389 
Withdrawals (500,000 Shares)   (11,590,543)
Net Income (Loss)   (2,028,159)
      
Net Asset Value End of Month  $331,441,557 

 

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 September 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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Oct. 27, 2023
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Entity File Number 001-34833
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
Entity Address, Address Line Two Suite 640
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United States Commodity Index Fund [Member]  
Document Information [Line Items]  
Title of 12(b) Security Shares of United States Commodity Index Fund
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Security Exchange Name NYSEArca
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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