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 December 31, 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 December 31, 2024.
• The United States Commodity Index Fund (USCI) reported a net income of $3,325,013 for the month.
• USCI's net asset value increased from $188,192,997 to $191,518,010, with a net asset value per share of $66.04 based on 2,900,000 shares.
• The United States Copper Index Fund (CPER) experienced a net loss of $3,367,399 for the month.
• CPER's net asset value decreased from $156,190,761 to $142,561,094, with a net asset value per share of $25.23 based on 5,650,000 shares.
• The combined series of the United States Commodity Index Funds Trust reported a net loss of $42,386 for the month.
• The combined series' net asset value decreased from $344,383,758 to $334,079,104.

Sentiment

Score: 4

Explanation: The sentiment is negative due to the losses reported by the copper index fund and the combined series, despite the positive performance of the commodity index fund. The overall tone is cautious.

Positives

• The United States Commodity Index Fund (USCI) generated a net income of $3,325,013 for the month.
• USCI's net asset value increased by $3,325,013 during the month.

Negatives

• The United States Copper Index Fund (CPER) incurred a net loss of $3,367,399 for the month.
• CPER's net asset value decreased by $13,629,667 during the month.
• The combined series of the United States Commodity Index Funds Trust experienced a net loss of $42,386 for the month.
• The combined series' net asset value decreased by $10,304,654 during the month.

Risks

• The United States Copper Index Fund (CPER) experienced significant losses in December 2024, which could indicate volatility in the copper market.
• The combined series of the United States Commodity Index Funds Trust experienced a net loss, indicating potential challenges in the broader commodity market.

Management Comments

• Stuart P. Crumbaugh, Chief Financial Officer of United States Commodity Funds LLC, certified the accuracy and completeness of the account statements.

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 December 2024.

Comparison to Industry Standards

• The performance of USCI, with a positive net income, is likely in line with expectations for diversified commodity funds during the period.
• The negative performance of CPER, with a significant net loss, may be indicative of challenges in the copper market during the period, and would need to be compared to other copper focused funds such as JJC or HGX.
• The combined series' net loss suggests that the overall commodity market may have faced headwinds during the month, and would need to be compared to other broad commodity funds such as DBC or BCI.

Stakeholder Impact

• Shareholders of the United States Commodity Index Fund (USCI) may be pleased with the positive net income and increase in net asset value.
• Shareholders of the United States Copper Index Fund (CPER) may be concerned about the significant net loss and decrease in net asset value.
• Shareholders of the combined series may be concerned about the net loss and decrease in net asset value.

Key Dates

Keywords

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