EX-99.1 2 tv523780_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 May 31, 2019  

 

Statement of Income (Loss)    
     
Income     
Realized Trading Gain (Loss) on Futures  $(5,105,664)
Unrealized Gain (Loss) on Market Value of Futures   (14,672,258)
Dividend Income   27,847 
Interest Income   778,799 
ETF Transaction Fees   3,500 
Total Income (Loss)  $(18,967,776)
      
Expenses     
Management Fees  $266,676 
Professional Fees   56,578 
Brokerage Commissions   57,616 
Non-interested Directors' Fees and Expenses   4,062 
Prepaid Insurance Expense   4,937 
Total Expenses  $389,869 
Net Income (Loss)  $(19,357,645)

 

Statement of Changes in Net Asset Value     
      
Net Asset Value Beginning of Month 5/1/19  $413,623,077 
Withdrawals (800,000 Shares)   (30,064,833)
Net Income (Loss)   (19,357,645)
      
Net Asset Value End of Month  $364,200,599 
Net Asset Value Per Share (10,000,000 Shares)  $36.42 

 

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 May 31, 2019 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 May 31, 2019  

 

Statement of Income (Loss)    
     
Income     
Realized Trading Gain (Loss) on Futures  $(184,700)
Realized Trading Gain (Loss) on Short-Term Investments   31 
Unrealized Gain (Loss) on Market Value of Futures   (1,126,063)
Dividend Income   1,853 
Interest Income   25,534 
ETF Transaction Fees   700 
Total Income (Loss)  $(1,282,645)
      
Expenses     
Management Fees  $7,403 
Professional Fees   8,323 
Brokerage Commissions   178 
Non-interested Directors' Fees and Expenses   140 
Prepaid Insurance Expense   62 
Total Expenses   16,106 
Expense Waiver   (6,995)
Net Expenses  $9,111 
Net Income (Loss)  $(1,291,756)
      
Statement of Changes in Net Asset Value     
      
Net Asset Value Beginning of Month 5/1/19  $14,543,703 
Additions (50,000 Shares)   877,151 
Withdrawals (150,000 Shares)   (2,577,383)
Net Income (Loss)   (1,291,756)
      
Net Asset Value End of Month  $11,551,715 
Net Asset Value Per Share (700,000 Shares)  $16.50 

 

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 May 31, 2019 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 May 31, 2019  

 

Statement of Income (Loss)    
     
Income     
Realized Trading Gain (Loss) on Futures  $(5,290,364)
Realized Trading Gain (Loss) on Short-Term Investments   31 
Unrealized Gain (Loss) on Market Value of Futures   (15,798,321)
Dividend Income   29,700 
Interest Income   804,333 
ETF Transaction Fees   4,200 
Total Income (Loss)  $(20,250,421)
      
Expenses     
Management Fees  $274,079 
Professional Fees   64,901 
Brokerage Commissions   57,794 
Non-interested Directors' Fees and Expenses   4,202 
Prepaid Insurance Expense   4,999 
Total Expenses   405,975 
Expense Waiver   (6,995)
Net Expenses  $398,980 
Net Income (Loss)  $(20,649,401)
      
Statement of Changes in Net Asset Value     
      
Net Asset Value Beginning of Month 5/1/19  $428,166,780 
Additions (50,000 Shares)   877,151 
Withdrawals (950,000 Shares)   (32,642,216)
Net Income (Loss)   (20,649,401)
      
Net Asset Value End of Month  $375,752,314 

 

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 May 31, 2019 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