EX-99.1 2 tm248771d7_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 February 29, 2024

 

Statement of Income (Loss)    
Income     
Realized Trading Gain (Loss) on Commodity Futures  $(499,733)
Unrealized Gain (Loss) on Market Value of Commodity Futures   (1,982,671)
Dividend Income   233,570 
Interest Income   429,487 
ETF Transaction Fees   350 
Total Income (Loss)  $(1,818,997)
      
Expenses     
Management Fees  $101,107 
Professional Fees   31,873 
Brokerage Commissions   7,740 
Directors' Fees and insurance   7,821 
Total Expenses  $148,541 
Net Income (Loss)  $(1,967,538)

 

Statement of Changes in Net Asset Value    
Net Asset Value Beginning of Month 2/1/24  $163,163,785 
Withdrawals (50,000 Shares)   (2,901,626)
Net Income (Loss)   (1,967,538)
      
Net Asset Value End of Month  $158,294,621 
Net Asset Value Per Share (2,750,000 Shares)  $57.56 

 

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 February 29, 2024 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 February 29, 2024

 

Statement of Income (Loss)    
Income     
Realized Trading Gain (Loss) on Commodity Futures  $763,025 
Unrealized Gain (Loss) on Market Value of Commodity Futures   (3,453,001)
Dividend Income   137,924 
Interest Income   379,025 
ETF Transaction Fees   2,100 
Total Income (Loss)  $(2,170,927)
      
Expenses     
Management Fees  $63,864 
Professional Fees   35,095 
Brokerage Commissions   4,979 
Directors' Fees and insurance   4,293 
Total Expenses  $108,231 
Net Income (Loss)  $(2,279,158)

 

Statement of Changes in Net Asset Value    
Net Asset Value Beginning of Month 2/1/24  $131,299,433 
Additions (150,000 Shares)   3,622,977 
Withdrawals (300,000 Shares)   (7,064,483)
Net Income (Loss)   (2,279,158)
      
Net Asset Value End of Month  $125,578,769 
Net Asset Value Per Share (5,250,000 Shares)  $23.92 

 

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 February 29, 2024 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 February 29, 2024

 

Statement of Income (Loss)    
Income     
Realized Trading Gain (Loss) on Commodity Futures  $263,292 
Unrealized Gain (Loss) on Market Value of Commodity Futures   (5,435,672)
Dividend Income   371,494 
Interest Income   808,512 
ETF Transaction Fees   2,450 
Total Income (Loss)  $(3,989,924)
      
Expenses     
Management Fees  $164,971 
Professional Fees   66,968 
Brokerage Commissions   12,719 
Non-interested Directors' Fees and Expenses   12,114 
Total Expenses  $256,772 
Net Income (Loss)  $(4,246,696)

 

Statement of Changes in Net Asset Value    
Net Asset Value Beginning of Month 2/1/24  $294,463,218 
Additions (150,000 Shares)   3,622,977 
Withdrawals (350,000 Shares)   (9,966,109)
Net Income (Loss)   (4,246,696)
      
Net Asset Value End of Month  $283,873,390 

 

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 February 29, 2024 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