UNITED STATES COPPER INDEX FUND
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(Name of Issuer)
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EXCHANGE TRADED FUND
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(Title of Class of Securities)
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911718104
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(CUSIP Number)
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March 14, 2019
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(Date of Event Which Requires Filing of this Statement)
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CUSIP No. 911718104
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1
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NAMES OF REPORTING PERSONS
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I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
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Counsel Portfolio Services Inc.
IRS No.
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2
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CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
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(a)
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☒
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(b)
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☐
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3
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SEC USE ONLY
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4
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SOURCE OF FUNDS (SEE INSTRUCTIONS)
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WC
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5
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CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(D) OR 2(E)
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☐
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6
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CITIZENSHIP OR PLACE OF ORGANIZATION
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Ontario, Canada
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NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
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7
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SOLE VOTING POWER
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82,115 shares of common stock (See Item 5)
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8
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SHARED VOTING POWER
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9
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SOLE DISPOSITIVE POWER
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82,115 shares of common stock (See Item 5)
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10
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SHARED DISPOSITIVE POWER
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11
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AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
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82,115 shares of common stock (See Item 5)
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12
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CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
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13
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PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
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10.9486%
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14
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TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
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CO
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Item 1. |
Security and Issuer
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Item 2. |
Identity and Background
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(a) |
This Schedule 13D is being filed by the entity Counsel Portfolio Services Inc., a corporation formed under the laws of the province of Ontario, Canada (the “Reporting
Person”);
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(b) |
The business address for the Reporting Person is 5015 Spectrum Way, Suite 300, Mississauga, ON L4W 0E4;
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(c) |
The principal business of the Reporting Person is an investment management business.
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(d) |
During the last five years, neither the Reporting Person nor any of the Listed Persons (as defined below) have been convicted in a criminal proceeding (excluding traffic
violations or similar misdemeanors);
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(e) |
During the last five years, neither the Reporting Person nor any of the Listed Persons (as defined below) have been a party to a
civil proceeding of a judicial or administrative body of competent jurisdiction and as a result of such proceeding was or is subject to a judgment, decree or final order enjoining future violations of, or prohibiting or mandating
activities subject to, federal or state securities laws or finding any violation with respect to such laws;
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(f) |
The Reporting Person is a Canadian corporation.
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Item 3. |
Source and Amount of Funds or Other Consideration
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Item 4. |
Purpose of Transaction
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(a) |
The Reporting Person may acquire or dispose of shares of the Issuer’s stock depending upon prevailing market conditions and its investment objectives;
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(b) |
None;
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(c) |
None;
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(d) |
None;
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(e) |
None;
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(f) |
None;
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(g) |
None;
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(h) |
None;
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(i) |
None; and
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(j) |
None.
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Item 5.
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Interest in Securities of the Issuer
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Reporting
Person
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Shares Held
Directly
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Sole Voting
Power
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Shared Voting
Power
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Sol
Dispositive
Power
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Shared
Dispositive
Power
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Beneficial
Ownership
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Percentage
of Class
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Counsel Portfolio | ||||||||||||||||||||||||||||
Services Inc.
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82,115
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82,115
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0
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82,115
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0
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82,115
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10.9486%
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Item 6. |
Contracts, Arrangements, Understandings or Relationships with Respect to Securities of the Issuer
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Item 7. |
Material to Be Filed as Exhibits
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By:
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/s/ Frank Gawlina |
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Frank Gawlina, Chief Financial Officer & Chief Compliance Officer
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