8-K: Commodity Index Funds Report March 2026

United States Commodity Index Funds Trust released monthly account statements for March 2026, showing mixed performance across its USCI and CPER funds.

Summary

• The United States Commodity Index Funds Trust has issued its monthly account statements for March 2026 for its series, including the United States Commodity Index Fund (USCI) and the United States Copper Index Fund (CPER).
• USCI reported a net income of $35,923,320 for the month, with total income of $36,208,265 and total expenses of $284,945.
• CPER experienced a net loss of $63,819,671 for the month, with total income of $(63,328,616) and total expenses of $491,055.
• The overall United States Commodity Index Funds Trust reported a net loss of $27,896,351, with total income of $(27,120,351) and total expenses of $776,000.
• Net asset value for USCI increased to $347,986,922, with a net asset value per share of $95.34.
• Net asset value for CPER decreased to $713,562,786, with a net asset value per share of $34.31.
• The Trust's total net asset value decreased to $1,061,549,708.

Sentiment

Score: 4

Explanation: StockSavvy.ai views this as a neutral to slightly negative sentiment due to the significant losses reported by the Copper Index Fund (CPER) and the overall Trust, despite positive results from the Commodity Index Fund (USCI).

Positives

• The United States Commodity Index Fund (USCI) generated a significant net income of $35,923,320, driven by strong realized and unrealized trading gains.
• USCI saw an increase in its net asset value to $347,986,922, with a healthy net asset value per share of $95.34.
• USCI's dividend and interest income contributed positively to its overall earnings.

Negatives

• The United States Copper Index Fund (CPER) incurred a substantial net loss of $63,819,671, primarily due to a large unrealized loss on the market value of commodity futures.
• CPER experienced a significant decrease in its net asset value to $713,562,786, with a net asset value per share of $34.31.
• The overall United States Commodity Index Funds Trust reported a net loss of $27,896,351, impacted by the performance of its series.

Risks

• The significant unrealized loss on the market value of commodity futures for the United States Copper Index Fund (CPER) indicates potential volatility and risk in commodity markets.
• The overall net loss for the Trust highlights the inherent risks associated with commodity index investing, particularly market fluctuations.

Future Outlook

This filing consists of monthly account statements and does not contain specific forward-looking statements or guidance beyond the reported period.

Management Comments

• Stuart P. Crumbaugh, Chief Financial Officer, represents that, to the best of his knowledge and belief, the information contained in the Account Statements for the month ended March 31, 2026 is accurate and complete.

Industry Context

StockSavvy.ai notes that the mixed performance between the USCI and CPER funds reflects the inherent volatility and differing market dynamics within various commodity sectors. The significant unrealized loss in CPER underscores the sensitivity of copper futures to market sentiment and economic factors.

Stakeholder Impact

• Shareholders of USCI may see positive returns based on the month's performance.
• Shareholders of CPER may experience losses due to the significant unrealized trading losses.
• Overall Trust shareholders are impacted by the combined performance, with a net loss reported for the month.

Next Steps

• The Registrant will continue to issue monthly account statements as required by regulations.
• Shareholders can access the monthly account statements on the USCI and CPER websites.

Key Dates

Recommendation

The filing presents a mixed performance across the funds. While USCI shows positive results, the significant losses in CPER and the overall Trust warrant a cautious 'hold' approach until market conditions stabilize or a clearer trend emerges. Investors should monitor commodity market volatility.

Keywords

Commodity Index Funds, USCI, CPER, SEC Filing, 8-K, Monthly Statement, Commodity Futures, Net Asset Value