8-K: USCI and CPER April 2026 Monthly Performance Update

United States Commodity Index Funds Trust reports monthly account statements for USCI and CPER for the period ending April 30, 2026.

Summary

• United States Commodity Index Fund (USCI) reported a net income of $16,104,558 for April 2026.
• United States Copper Index Fund (CPER) reported a net income of $39,423,008 for April 2026.
• USCI ended the month with a Net Asset Value (NAV) of $378,899,982 and a per-share value of $99.71.
• CPER ended the month with a Net Asset Value (NAV) of $700,526,921 and a per-share value of $36.30.
• Combined net income for the Trust series reached $55,527,566 for the month.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral, routine regulatory disclosure of monthly performance data without strategic shifts or unexpected financial events.

Positives

• USCI generated $16,386,254 in total income driven by strong realized and unrealized gains on commodity futures.
• CPER saw significant performance with $39,880,027 in total income.
• Both funds maintained positive net income despite management and professional fee expenses.

Negatives

• CPER experienced significant net withdrawals of 1,500,000 shares, totaling $52,458,873.
• Management and operational expenses for the combined funds totaled $738,715 for the month.

Risks

• Market volatility in commodity futures directly impacts the unrealized gains and losses of the funds.
• Reliance on commodity market performance creates inherent risk for shareholders.
• Potential for continued share withdrawals could impact fund liquidity and management strategy.

Future Outlook

The funds continue to operate under their established investment strategies, with performance tied directly to the underlying commodity futures markets.

Management Comments

• Stuart P. Crumbaugh, CFO, certified that the information contained in the account statements for the month ended April 30, 2026, is accurate and complete.

Industry Context

StockSavvy.ai notes that these monthly disclosures are standard regulatory requirements for commodity pools under the Commodity Exchange Act, providing transparency into the volatility-heavy performance of commodity-linked ETFs.

Comparison to Industry Standards

• Performance metrics align with standard reporting for commodity-based ETFs.
• Expense ratios and fee structures remain consistent with typical passive commodity index fund management.

Stakeholder Impact

• Shareholders are provided with updated NAV and income data for their holdings.
• Investors should note the significant share withdrawals in CPER as a potential indicator of liquidity movement.

Next Steps

• Continued monitoring of commodity futures market performance.
• Preparation of subsequent monthly account statements.

Key Dates

Keywords

USCI, CPER, Commodity Index Funds, Copper Index, Futures Trading, NAV, Monthly Account Statement