EX-99.1 2 tm2328418d7_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 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