EX-99.1 2 tm243433d7_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 December 31, 2023

 

Statement of Income (Loss)    
Income     
Realized Trading Gain (Loss) on Commodity Futures  $(1,805,995)
Unrealized Gain (Loss) on Market Value of Commodity Futures   (5,212,525)
Dividend Income   268,784 
Interest Income   526,900 
ETF Transaction Fees   700 
Total Income (Loss)  $(6,222,136)
      
Expenses     
Management Fees  $121,487 
Professional Fees   34,070 
Brokerage Commissions   6,938 
Directors' Fees and insurance   8,886 
Total Expenses  $171,381 
Net Income (Loss)  $(6,393,517)

 

Statement of Changes in Net Asset Value    
Net Asset Value Beginning of Month 12/1/23  $186,905,430 
Withdrawals (200,000 Shares)   (11,485,345)
Net Income (Loss)   (6,393,517)
      
Net Asset Value End of Month  $169,026,568 
Net Asset Value Per Share (3,000,000 Shares)  $56.34 

 

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 December 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 December 31, 2023

 

Statement of Income (Loss)    
Income     
Realized Trading Gain (Loss) on Commodity Futures  $112,550 
Unrealized Gain (Loss) on Market Value of Commodity Futures   1,154,612 
Dividend Income   148,432 
Interest Income   427,051 
ETF Transaction Fees   2,100 
Total Income (Loss)  $1,844,745 
      
Expenses     
Management Fees  $71,189 
Professional Fees   37,514 
Brokerage Commissions   465 
Directors' Fees and insurance   4,757 
Total Expenses  $113,925 
Net Income (Loss)  $1,730,820 

 

Statement of Changes in Net Asset Value    
Net Asset Value Beginning of Month 12/1/23  $126,133,491 
Additions (350,000 Shares)   8,276,856 
Withdrawals (200,000 Shares)   (4,787,825)
Net Income (Loss)   1,730,820 
      
Net Asset Value End of Month  $131,353,342 
Net Asset Value Per Share (5,450,000 Shares)  $24.10 

 

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 December 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 December 31, 2023

 

Statement of Income (Loss)    
Income     
Realized Trading Gain (Loss) on Commodity Futures  $(1,693,445)
Unrealized Gain (Loss) on Market Value of Commodity Futures   (4,057,913)
Dividend Income   417,216 
Interest Income   953,951 
ETF Transaction Fees   2,800 
Total Income (Loss)  $(4,377,391)
      
Expenses     
Management Fees  $192,676 
Professional Fees   71,584 
Brokerage Commissions   7,403 
Directors' Fees and insurance   13,643 
Total Expenses  $285,306 
Net Income (Loss)  $(4,662,697)

 

Statement of Changes in Net Asset Value    
Net Asset Value Beginning of Month 12/1/23  $313,038,921 
Additions (350,000 Shares)   8,276,856 
Withdrawals (400,000 Shares)   (16,273,170)
Net Income (Loss)   (4,662,697)
      
Net Asset Value End of Month  $300,379,910 

 

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 December 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