8-K: Commodity Funds Report Strong October Gains

United States Commodity Index Funds Trust reported significant net income for its USCI and CPER funds for October 2025, driven by strong trading gains.

Summary

• United States Commodity Index Funds Trust reported a combined net income of $16,483,707 for the month ended October 31, 2025.
• The Trust's total Net Asset Value (NAV) increased from $550,698,830 at the beginning of October to $616,174,459 by month-end.
• United States Commodity Index Fund (USCI) recorded a net income of $1,132,903, with its NAV rising to $281,228,313, or $78.12 per share.
• United States Copper Index Fund (CPER) achieved a net income of $15,350,804, with its NAV reaching $334,946,146, or $31.45 per share.
• CPER's performance was significantly boosted by $13,427,013 in unrealized gains on the market value of commodity futures.

Sentiment

Score: 8

Explanation: The overall sentiment is positive due to significant net income reported by both funds, particularly the United States Copper Index Fund, and a substantial increase in the total Net Asset Value of the Trust. While USCI had an unrealized loss, the overall performance was strong.

Positives

• United States Commodity Index Funds Trust reported a substantial combined net income of $16,483,707 for October 2025.
• The Trust's overall Net Asset Value increased by approximately $65.47 million during the month, reaching $616,174,459.
• United States Copper Index Fund (CPER) showed particularly strong performance with a net income of $15,350,804, largely due to $13,427,013 in unrealized gains on commodity futures.
• Both funds generated significant dividend and interest income, totaling $1,175,934 and $802,090 respectively for the Trust.
• USCI experienced net additions of 100,000 shares, valued at $7,715,976.
• CPER experienced net additions of 1,350,000 shares (1,900,000 additions 550,000 withdrawals), valued at $41,275,946.

Negatives

• United States Commodity Index Fund (USCI) experienced an unrealized loss of $354,605 on the market value of commodity futures.
• CPER had withdrawals of 550,000 shares totaling $17,271,981, although these were offset by larger additions.

Future Outlook

The filing is a routine monthly account statement and does not provide specific forward-looking statements or guidance beyond the reported period.

Management Comments

• To the best of my knowledge and belief, the information contained in the Account Statement for the month ended October 31, 2025 is accurate and complete. (Stuart P. Crumbaugh, Chief Financial Officer)

Industry Context

This filing provides specific performance data for commodity index funds, reflecting the performance of underlying commodity futures markets during October 2025. The strong performance, particularly in the copper fund, suggests favorable market conditions for these specific commodities during the reporting period.

Stakeholder Impact

• Shareholders: Positive impact due to increased Net Asset Value and net income, particularly for CPER.
• Management/Sponsor: Continued management fees earned based on assets under management.

Key Dates

Keywords

Commodity Index Fund, Copper Index Fund, USCI, CPER, SEC Filing, 8-K, Monthly Account Statement, Net Asset Value, Commodity Futures, Investment Fund, Financial Performance