8-K: United States Commodity Index Funds Trust Releases Monthly Account Statements

United States Commodity Index Funds Trust has released its monthly account statements for November 2024, detailing the financial performance of its commodity and copper index funds.

Summary

• The United States Commodity Index Funds Trust released its monthly account statements for the period ending November 30, 2024.
• The United States Commodity Index Fund (USCI) reported a net income of $6,058,639 for the month.
• The USCI's net asset value increased from $178,917,769 to $188,192,997 during the month.
• The United States Copper Index Fund (CPER) experienced a net loss of $9,518,948 for the month.
• The CPER's net asset value decreased from $175,861,955 to $156,190,761 during the month.
• The combined series of the United States Commodity Index Funds Trust had a net loss of $3,460,309 for the month.
• The combined series' net asset value decreased from $354,779,724 to $344,383,758 during the month.

Sentiment

Score: 5

Explanation: The sentiment is neutral as the document presents both positive and negative results for different funds within the trust. The USCI performed well, while the CPER experienced losses. The overall sentiment is balanced.

Positives

• The United States Commodity Index Fund (USCI) had a positive net income of $6,058,639 for the month.
• USCI's net asset value increased by $9,275,228 during the month.

Negatives

• The United States Copper Index Fund (CPER) experienced a net loss of $9,518,948 for the month.
• CPER's net asset value decreased by $19,671,194 during the month.
• The combined series of the United States Commodity Index Funds Trust had a net loss of $3,460,309 for the month.
• The combined series' net asset value decreased by $10,395,966 during the month.

Risks

• The commodity and copper markets are subject to volatility, which can impact the funds' performance.
• Fluctuations in commodity prices can lead to significant gains or losses for the funds.
• Changes in market conditions and investor sentiment can affect the net asset value of the funds.

Management Comments

• Stuart P. Crumbaugh, Chief Financial Officer of United States Commodity Funds LLC, certified that the information in the account statements is accurate and complete to the best of his knowledge and belief.

Industry Context

This report provides insight into the performance of commodity and copper index funds, which are often used by investors seeking exposure to these markets. The results reflect the market conditions and trading activities during the month of November 2024.

Comparison to Industry Standards

• The performance of the USCI and CPER funds can be compared to other commodity and copper ETFs, such as the Invesco DB Commodity Index Tracking Fund (DBC) and the iShares Copper Trust (IAU).
• The USCI's positive performance contrasts with the CPER's negative performance, highlighting the different market dynamics for broad commodities versus copper specifically.
• The net asset value changes can be compared to the performance of the underlying commodity futures contracts tracked by each fund.

Stakeholder Impact

• Shareholders of the United States Commodity Index Fund experienced an increase in net asset value.
• Shareholders of the United States Copper Index Fund experienced a decrease in net asset value.
• The results provide transparency to investors regarding the funds' performance.

Key Dates

Keywords

Commodity Index Fund, Copper Index Fund, Net Asset Value, Monthly Account Statement, Commodity Futures, Financial Report, USCI, CPER