EX-99.1 2 tm2325951d7_ex99-1.htm EXHIBIT 99.1

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