0001144204-14-025716.txt : 20140429 0001144204-14-025716.hdr.sgml : 20140429 20140429161613 ACCESSION NUMBER: 0001144204-14-025716 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20140429 ITEM INFORMATION: Regulation FD Disclosure ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20140429 DATE AS OF CHANGE: 20140429 FILER: COMPANY DATA: COMPANY CONFORMED NAME: United States Commodity Index Funds Trust CENTRAL INDEX KEY: 0001479247 STANDARD INDUSTRIAL CLASSIFICATION: [6221] IRS NUMBER: 000000000 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-34833 FILM NUMBER: 14794089 BUSINESS ADDRESS: STREET 1: 1320 HARBOR BAY PARKWAY STREET 2: SUITE 145 CITY: ALAMEDA STATE: CA ZIP: 94502 BUSINESS PHONE: 510-522-9600 MAIL ADDRESS: STREET 1: 1320 HARBOR BAY PARKWAY STREET 2: SUITE 145 CITY: ALAMEDA STATE: CA ZIP: 94502 8-K 1 v376052_8k.htm FORM 8-K

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549

 

FORM 8-K

 

CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

 

Date of Report (Date of earliest event reported): April 29, 2014

 

 

UNITED STATES COMMODITY INDEX FUNDS TRUST 

  
  (Exact name of registrant as specified in its charter)  


Delaware


001-34833


27-1537655 

(State or other jurisdiction
of incorporation)		 (Commission File Number) (I.R.S. Employer
Identification No.)

1999 Harrison Street, Suite 1530
Oakland, California 94612 

  
(510) 522-9600     (Address of principal executive offices) (Zip Code)  
Registrant's telephone number, including area code



 

  
  Not Applicable  
  (Former name or former address, if changed since last report)  

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

 

¨ Written communication pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
   
¨ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
   
¨ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
   
¨ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

 
 

 

Item 7.01. Regulation FD Disclosure.

 

On April 29, 2014, the United States Commodity Index Funds Trust (the “Registrant”), the United States Commodity Index Fund (“USCI”), the United States Copper Index Fund (“CPER”), the United States Agriculture Index Fund (“USAG”) and the United States Metals Index Fund (“USMI”), each a series of the Registrant, issued their monthly account statements for the month ended March 31, 2014, which are presented in the form of Statements of Income (Loss) and Statements of Changes in Net Asset Value, as required pursuant to Rule 4.22 under the Commodity Exchange Act. A copy of the monthly account statements is furnished as Exhibit 99.1 to this Current Report on Form 8-K and also can be found on each of USCI’s, CPER’s, USAG’s and USMI’s website at www.unitedstatescommodityindexfund.com, www.unitedstatescopperindexfund.com, www.unitedstatesagricultureindexfund.com and www.unitedstatesmetalsindexfund.com, respectively. The information furnished in this Current Report on Form 8-K, including Exhibit 99.1, shall not be deemed to be “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, except as shall be expressly set forth by specific reference in any such filing.

 

Item 9.01. Financial Statements and Exhibits.

 

(d) Exhibits.

 

Exhibit 99.1 Monthly Account Statements of the Registrant, USCI, CPER, USAG and USMI for the month ended March 31, 2014.

 

 
 

 

SIGNATURES

 

              Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

  UNITED STATES COMMODITY INDEX FUNDS TRUST
  By: United States Commodity Funds LLC, its sponsor
     
     
Date: April 29, 2014 By: /s/ Howard Mah
  Name: Howard Mah
  Title: Chief Financial Officer

 

 

 

 EX-99.1 2 v376052_ex99-1.htm EXHIBIT 99.1

 

United States Commodity Index Funds Trust

United States Commodity Index Fund

Monthly Account Statement

For the Month Ended March 31, 2014

 

Statement of Income (Loss)    
     
Income    
Realized Trading Gain on Futures  $9,277,895 
Realized Trading Gain on Foreign Currency Transactions   4 
Unrealized (Loss) on Market Value of Futures   (3,244,378)
Unrealized Gain on Foreign Currency Translations   2 
Interest Income   25,442 
ETF Transaction Fees   1,750 
Total Income (Loss)  $6,060,715 
      
Expenses     
General Partner Management Fees  $453,052 
Brokerage Commissions   36,391 
Tax Reporting Fees   26,710 
Audit Fees   9,393 
Non-interested Directors' Fees and Expenses   7,173 
Prepaid Insurance Expense   4,097 
Legal Fees   1,872 
Total Expenses  $538,688 
Net Income  $5,522,027 
      

 

Statement of Changes in Net Asset Value    
     
Net Asset Value Beginning of Month 3/1/14  $548,201,958 
Additions (300,000 Shares)   17,601,359 
Net Income   5,522,027 
      
Net Asset Value End of Month  $571,325,344 
Net Asset Value Per Share (9,750,000 Shares)  $58.60 

 

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 March 31, 2014 is accurate and complete.

 

/s/ Howard Mah

 

Howard Mah

Chief Financial Officer

United States Commodity Funds LLC, Sponsor of the United States Commodity Index Fund

 

United States Commodity Funds LLC

1999 Harrison Street, Suite 1530

Oakland, CA 94612

 
 

 

United States Commodity Index Funds Trust

United States Copper Index Fund

Monthly Account Statement

For the Month Ended March 31, 2014

  

Statement of Income (Loss)    
     
Income    
Realized Trading Gain (Loss) on Futures  $8,613 
Unrealized Gain (Loss) on Market Value of Futures   (95,325)
Interest Income   105 
ETF Transactions Fees   350 
Total (Loss)  $(86,257)
      
Expenses     
Management Fees  $1,365 
Brokerage Commissions   216 
Non-interested Directors' Fees and Expenses   32 
Prepaid Insurance Expense   18 
Other Expenses   5,208 
Total Expenses   6,839 
Expense Waiver   (4,893)
Net Expenses  $1,946 
Net (Loss)  $(88,203)
      

 

Statement of Changes in Net Asset Value    
     
Net Asset Value Beginning of Month 3/1/14  $2,155,773 
Additions (50,000 Shares)   997,004 
Net (Loss)   (88,203)
      
Net Asset Value End of Month  $3,064,574 
Net Asset Value Per Share (150,000 Shares)  $20.43 

 

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 March 31, 2014 is accurate and complete.

 

/s/ Howard Mah

 

Howard Mah

Chief Financial Officer

United States Commodity Funds LLC, Sponsor of the United States Copper Index Fund

 

United States Commodity Funds LLC

1999 Harrison Street, Suite 1530

Oakland, CA 94612

 

 
 

  

United States Commodity Index Funds Trust

United States Agriculture Index Fund

Monthly Account Statement

For the Month Ended March 31, 2014

 

Statement of Income (Loss)    
     
Income    
Realized Trading Gain on Futures  $158,213 
Realized Trading (Loss) on Foreign Currency Transactions   (13)
Unrealized (Loss) on Market Value of Futures   (41,949)
Unrealized Gain on Foreign Currency Translations   2 
Interest Income   109 
Total Income  $116,362 
      
Expenses     
Management Fees  $1,765 
Brokerage Commissions   203 
Non-interested Directors' Fees and Expenses   33 
Prepaid Insurance Expense   19 
Other Expenses   1,860 
Total Expenses   3,880 
Expense Waiver   (1,529)
Net Expenses  $2,351 
Net Income  $114,011 

 

Statement of Changes in Net Asset Value    
     
Net Asset Value Beginning of Month 3/1/14  $2,509,059 
Net Income   114,011 
      
Net Asset Value End of Month  $2,623,070 
Net Asset Value Per Share (100,000 Shares)  $26.23 

  

To the Shareholders of United States Agriculture 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 March 31, 2014 is accurate and complete.

 

/s/ Howard Mah

 

Howard Mah

Chief Financial Officer

United States Commodity Funds LLC, Sponsor of the United States Agriculture Index Fund

 

United States Commodity Funds LLC

1999 Harrison Street, Suite 1530

Oakland, CA 94612

 

 
 

 

United States Commodity Index Funds Trust

United States Metals Index Fund

Monthly Account Statement

For the Month Ended March 31, 2014

  

Statement of Income (Loss)    
     
Income    
Realized Trading Gain  on Futures  $(8,014)
Unrealized (Loss) on Market Value of Futures   (46,421)
Interest Income   95 
Total (Loss)  $(54,340)
      
Expenses     
Management Fees  $1,314 
Brokerage Commissions   54 
Non-interested Directors' Fees and Expenses   28 
Prepaid Insurance Expense   20 
Other Expenses   1,860 
Total Expenses   3,276 
Expense Waiver   (1,579)
Net Expenses  $1,697 
Net Income (Loss)  $(56,037)

 

Statement of Changes in Net Asset Value    
     
Net Asset Value Beginning of Month 3/1/14  $2,239,499 
Net (Loss)   (56,037)
      
Net Asset Value End of Month  $2,183,462 
Net Asset Value Per Share (100,000 Shares)  $21.83 

  

To the Shareholders of United States Metals 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 March 31, 2014 is accurate and complete.

 

/s/ Howard Mah

 

Howard Mah

Chief Financial Officer

United States Commodity Funds LLC, Sponsor of the United States Metals Index Fund

 

United States Commodity Funds LLC

1999 Harrison Street, Suite 1530

Oakland, CA 94612

 

 
 

  

United States Commodity Index Funds Trust

Monthly Account Statement

For the Month Ended March 31, 2014

 

Statement of Income (Loss)    
     
Income    
Realized Trading Gain on Futures  $9,436,707 
Realized Trading (Loss) on Foreign Currency Transactions   (9)
Unrealized (Loss) on Market Value of Futures   (3,428,073)
Unrealized Gain on Foreign Currency Translations   4 
Interest Income   25,751 
ETF Transaction Fees   2,100 
Total Income  $6,036,480 
      
Expenses     
Management Fees  $457,796 
Brokerage Commissions   36,864 
Tax Reporting Fees   26,710 
Audit Fees   9,393 
Non-interested Directors' Fees and Expenses   7,266 
Prepaid Insurance Expense   4,154 
Legal Fees   1,872 
Other Expenses   8,928 
Total Expenses  $552,683 
Expense Waiver   (8,001)
Net Expenses  $544,682 
Net Income  $5,491,798 

 

Statement of Changes in Net Asset Value    
     
Net Asset Value Beginning of Month 3/1/14  $555,106,289 
Additions (350,000 Shares)   18,598,363 
Net Income   5,497,798 
      
Net Asset Value End of Month  $579,196,450 

 

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 March 31, 2014 is accurate and complete.

  

/s/ Howard Mah

  

Howard Mah

Chief Financial Officer

United States Commodity Funds LLC, Sponsor of United States Commodity Index Funds Trust

 

United States Commodity Funds LLC

1999 Harrison Street, Suite 1530

Oakland, CA 94612