8-K: Commodity Funds Trust Reports November 2025 Performance

United States Commodity Index Funds Trust disclosed its monthly account statements for November 2025, showing positive net income across its funds.

Summary

• United States Commodity Index Funds Trust reported a consolidated net income of $9,193,981 for November 2025.
• The United States Commodity Index Fund (USCI) achieved a net income of $1,545,130, with its Net Asset Value (NAV) increasing to $282,773,443, or $78.55 per share.
• The United States Copper Index Fund (CPER) reported a net income of $7,648,851, despite significant share withdrawals, ending the month with a NAV of $326,886,786, or $32.21 per share.
• Consolidated NAV for the Trust decreased from $616,174,459 to $609,660,229, primarily due to net withdrawals of shares.

Sentiment

Score: 7

Explanation: The Trust and its funds reported positive net income for the month, driven by strong realized trading gains and other income, despite some unrealized losses and net share withdrawals in CPER. The overall financial health for the reported month appears solid.

Positives

• Consolidated Net Income for the Trust was $9,193,981 for November 2025.
• United States Commodity Index Fund (USCI) reported a net income of $1,545,130.
• United States Copper Index Fund (CPER) reported a strong net income of $7,648,851.
• Both funds generated significant realized trading gains on commodity futures, totaling $8,445,786 for the Trust.
• Both funds also generated dividend and interest income.

Negatives

• The United States Commodity Index Fund (USCI) experienced an unrealized loss of $2,522,601 on the market value of commodity futures.
• The United States Commodity Index Funds Trust (consolidated) experienced an unrealized loss of $667,642 on the market value of commodity futures.
• The United States Copper Index Fund (CPER) saw net withdrawals of 500,000 shares, totaling $15,708,211 in value, contributing to a decrease in its overall Net Asset Value.
• The consolidated Trust experienced net withdrawals of 500,000 shares, totaling $15,708,211, leading to a decrease in its overall Net Asset Value.

Future Outlook

NA

Management Comments

• To the best of his knowledge and belief, the information contained in the Account Statement for the month ended November 30, 2025 is accurate and complete.

Industry Context

The performance of commodity index funds like USCI and CPER is directly tied to the underlying commodity markets. November 2025 results reflect the specific market movements and trading strategies employed during that month, with copper showing particularly strong performance. The overall positive net income for the Trust indicates effective management of commodity exposures despite some unrealized losses in the broader index fund.

Comparison to Industry Standards

• The filing does not provide specific comparable companies, projects, or industry benchmarks to assess the results against global standards. Performance is reported on an absolute basis for the funds themselves.

Related Party Transactions

• Management Fees are paid to United States Commodity Funds LLC, which is the sponsor of the Trust and its funds.

Stakeholder Impact

• Shareholders: Experienced positive net income for their investments, though CPER shareholders saw a decrease in NAV per share due to net withdrawals. The overall Trust NAV also decreased due to net withdrawals.
• Management/Sponsor: United States Commodity Funds LLC received management fees totaling $361,269 for the month.

Key Dates

Keywords

Commodity Index Fund, Copper Index Fund, USCI, CPER, SEC Filing, 8-K, Monthly Statement, Net Asset Value, Commodity Futures, Trading Gain, Investment Fund, ETF