United States Commodity Index Funds Trust 8-K, filed Feb 20, 2020
United States Commodity Index Funds Trust (USCI)
About this 8-K
United States Commodity Index Funds Trust filed this 8-K on February 20, 2020.
Items reported
- Item 7.01: Regulation FD disclosure
- Item 9.01: Financial statements and exhibits
UNITED STATES
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CURRENT REPORT
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Item 7.01. Regulation FD Disclosure.
On February 20, 2020, 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, 2020, 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.
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 20, 2020 | ||
| 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 January 31, 2020 |
| Statement of Income (Loss) | ||||
| Income | ||||
| Realized Trading Gain (Loss) on Futures | $ | (10,487,566 | ) | |
| Unrealized Gain (Loss) on Market Value of Futures | (8,951,718 | ) | ||
| Dividend Income | 28,506 | |||
| Interest Income | 230,958 | |||
| ETF Transaction Fees | 1,400 | |||
| Total Income (Loss) | $ | (19,178,420 | ) | |
| Expenses | ||||
| Management Fees | $ | 125,303 | ||
| Brokerage Commissions | 18,094 | |||
| Non-interested Directors' Fees and Expenses | 2,327 | |||
| Prepaid Insurance Expense | 6,956 | |||
| Total Expenses | $ | 152,680 | ||
| Net Income (Loss) | $ | (19,331,100 | ) | |
| Statement of Changes in Net Asset Value | ||||
| Net Asset Value Beginning of Month 1/1/20 | $ | 189,895,482 | ||
| Additions (150,000 Shares) | 5,422,162 | |||
| Withdrawals (150,000 Shares) | (5,361,334 | ) | ||
| Net Income (Loss) | (19,331,100 | ) | ||
| Net Asset Value End of Month | $ | 170,625,210 | ||
| Net Asset Value Per Share (5,150,000 Shares) | $ | 33.13 | ||
| 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, 2020 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, 2020 |
| Statement of Income (Loss) | ||||
| Income | ||||
| Realized Trading Gain (Loss) on Futures | $ | 159,888 | ||
| Unrealized Gain (Loss) on Market Value of Futures | (867,400 | ) | ||
| Dividend Income | 731 | |||
| Interest Income | 8,973 | |||
| Total Income (Loss) | $ | (697,808 | ) | |
| Expenses | ||||
| Management Fees | $ | 3,823 | ||
| Professional Fees | 2,124 | |||
| Brokerage Commissions | 252 | |||
| Non-interested Directors' Fees and Expenses | 87 | |||
| Prepaid Insurance Expense | 87 | |||
| Total Expenses | 6,373 | |||
| Expense Waiver | (1,668 | ) | ||
| Net Expenses | $ | 4,705 | ||
| Net Income (Loss) | $ | (702,513 | ) | |
| Statement of Changes in Net Asset Value | ||||
| Net Asset Value Beginning of Month 1/1/20 | $ | 7,015,377 | ||
| Net Income (Loss) | (702,513 | ) | ||
| Net Asset Value End of Month | $ | 6,312,864 | ||
| Net Asset Value Per Share (400,000 Shares) | $ | 15.78 | ||
| 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, 2020 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, 2020 |
| Statement of Income (Loss) | ||||
| Income | ||||
| Realized Trading Gain (Loss) on Futures | $ | (10,327,678 | ) | |
| Unrealized Gain (Loss) on Market Value of Futures | (9,819,118 | ) | ||
| Dividend Income | 29,237 | |||
| Interest Income | 239,931 | |||
| ETF Transaction Fees | 1,400 | |||
| Total Income (Loss) | $ | (19,876,228 | ) | |
| Expenses | ||||
| Management Fees | $ | 129,126 | ||
| Professional Fees | 2,124 | |||
| Brokerage Commissions | 18,346 | |||
| Non-interested Directors' Fees and Expenses | 2,414 | |||
| Prepaid Insurance Expense | 7,043 | |||
| Total Expenses | 159,053 | |||
| Expense Waiver | (1,668 | ) | ||
| Net Expenses | $ | 157,385 | ||
| Net Income (Loss) | $ | (20,033,613 | ) | |
| Statement of Changes in Net Asset Value | ||||
| Net Asset Value Beginning of Month 1/1/20 | $ | 196,910,859 | ||
| Additions (150,000 Shares) | 5,422,162 | |||
| Withdrawals (150,000 Shares) | (5,361,334 | ) | ||
| Net Income (Loss) | (20,033,613 | ) | ||
| Net Asset Value End of Month | $ | 176,938,074 | ||
| 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, 2020 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 |