Form 8-K - Current report

 

 

 

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
[phone]	(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

 

 

 

Cover	Oct. 27, 2023
Document Information [Line Items]
Document Type	8-K
Amendment Flag	false
Document Period End Date	Oct. 27, 2023
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
Entity Incorporation, State or Country Code	DE
Entity Address, Address Line One	1850 Mt. Diablo Boulevard
Entity Address, Address Line Two	Suite 640
Entity Address, City or Town	Walnut Creek
Entity Address, State or Province	CA
Entity Address, Postal Zip Code	94596
City Area Code	510
Local Phone Number	522-9600
Written Communications	false
Soliciting Material	false
Pre-commencement Tender Offer	false
Pre-commencement Issuer Tender Offer	false
Entity Emerging Growth Company	false
United States Commodity Index Fund [Member]
Document Information [Line Items]
Title of 12(b) Security	Shares of United States Commodity Index Fund
Trading Symbol	USCI
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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