Company Quick10K Filing
United States Commodity Index Funds Trust
Price36.33 EPS424,255
Shares0 P/E0
MCap0 P/FCF-0
Net Debt-263 EBIT17
TEV-263 TEV/EBIT-16
TTM 2019-09-30, in MM, except price, ratios
10-Q 2020-03-31 Filed 2020-05-08
S-1 2020-03-13 Public Filing
10-K 2019-12-31 Filed 2020-03-13
10-Q 2019-09-30 Filed 2019-11-08
10-Q 2019-06-30 Filed 2019-08-08
S-1 2019-05-09 Public Filing
10-Q 2019-03-31 Filed 2019-05-09
10-K 2018-12-31 Filed 2019-02-28
10-Q 2018-09-30 Filed 2018-11-08
10-Q 2018-06-30 Filed 2018-08-08
10-Q 2018-03-31 Filed 2018-05-10
10-K 2017-12-31 Filed 2018-03-14
10-Q 2017-09-30 Filed 2017-11-06
10-Q 2017-06-30 Filed 2017-08-07
10-Q 2017-03-31 Filed 2017-05-05
10-K 2016-12-31 Filed 2017-03-10
10-Q 2016-09-30 Filed 2016-11-07
10-Q 2016-06-30 Filed 2016-08-05
10-Q 2016-03-31 Filed 2016-05-04
10-K 2015-12-31 Filed 2016-03-11
10-Q 2015-09-30 Filed 2015-11-06
10-Q 2015-06-30 Filed 2015-08-05
10-Q 2015-03-31 Filed 2015-05-07
10-K 2014-12-31 Filed 2015-03-16
10-Q 2014-09-30 Filed 2014-11-10
10-Q 2014-06-30 Filed 2014-08-11
10-Q 2014-03-31 Filed 2014-05-12
10-K 2013-12-31 Filed 2014-03-10
10-Q 2013-09-30 Filed 2013-11-12
10-Q 2013-06-30 Filed 2013-08-09
10-Q 2013-03-31 Filed 2013-05-10
10-K 2012-12-31 Filed 2013-03-13
10-Q 2012-09-30 Filed 2012-11-09
10-Q 2012-06-30 Filed 2012-08-09
10-Q 2012-03-31 Filed 2012-05-10
10-K 2011-12-31 Filed 2012-03-15
10-Q 2011-09-30 Filed 2011-11-14
10-Q 2011-06-30 Filed 2011-08-15
10-Q 2011-03-31 Filed 2011-05-16
10-K 2010-12-31 Filed 2011-03-30
10-Q 2010-09-30 Filed 2010-11-10
10-Q 2010-06-30 Filed 2010-09-13
8-K 2020-05-27
8-K 2020-04-28
8-K 2020-03-30
8-K 2020-03-27
8-K 2020-03-24
8-K 2020-03-20
8-K 2020-02-20
8-K 2020-01-28
8-K 2019-12-19
8-K 2019-11-25
8-K 2019-10-25
8-K 2019-09-25
8-K 2019-08-23
8-K 2019-07-29
8-K 2019-06-25
8-K 2019-05-28
8-K 2019-04-29
8-K 2019-04-01
8-K 2019-03-29
8-K 2019-03-26
8-K 2019-02-26
8-K 2019-01-28
8-K 2018-12-21
8-K 2018-12-04
8-K 2018-11-29
8-K 2018-10-30
8-K 2018-09-27
8-K 2018-08-27
8-K 2018-08-08
8-K 2018-07-30
8-K 2018-06-21
8-K 2018-05-23
8-K 2018-04-27
8-K 2018-04-24
8-K 2018-03-29
8-K 2018-03-28
8-K 2018-02-28
8-K 2018-01-30

USCI 10Q Quarterly Report

Part I. Financial Information
Item 1. Condensed Financial Statements.
Note 1 - Organization and Business
Note 2 - Summary of Significant Accounting Policies
Note 3 - Trust Series
Note 4 - Fees Paid By Each Trust Series and Related Party Transactions
Note 5 - Contracts and Agreements
Note 6 - Financial Instruments, Off - Balance Sheet Risks and Contingencies
Note 7 - Financial Highlights
Note 8 - Fair Value of Financial Instruments
Note 9 - Recent Accounting Pronouncements
Note 10 - Subsequent Events
Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations.
Item 3. Quantitative and Qualitative Disclosures About Market Risk.
Item 4. Controls and Procedures.
Part II. Other Information
Item 1. Legal Proceedings.
Item 1A. Risk Factors.
Item 2. Unregistered Sales of Equity Securities and Use of Proceeds.
Item 3. Defaults Upon Senior Securities.
Item 4. Mine Safety Disclosures.
Item 5. Other Information.
Item 6. Exhibits.
EX-31.1 usci-20200331xex31d1.htm
EX-31.2 usci-20200331xex31d2.htm
EX-32.1 usci-20200331xex32d1.htm
EX-32.2 usci-20200331xex32d2.htm

United States Commodity Index Funds Trust Earnings 2020-03-31

Balance SheetIncome StatementCash Flow
84567650733816902012201420172020
Assets, Equity
302317115-12014201620182020
Rev, G Profit, Net Income
270182946-82-1702012201420172020
Ops, Inv, Fin

--12-312020Q1false00014792470001479247usci:UnitedStatesCommodityIndexFundMemberusci:InceptionPeriodMemberusci:CreationBasketsMember2020-01-012020-03-310001479247usci:UnitedStatesCopperIndexFundMemberusci:OpenPositionMemberus-gaap:CommodityContractMemberus-gaap:FutureMember2020-03-312020-03-310001479247usci:UnitedStatesCopperIndexFundMemberusci:OpenPositionMemberus-gaap:CommodityContractMemberus-gaap:FutureMember2019-03-312019-03-310001479247us-gaap:DirectorsAndOfficersLiabilityInsuranceMember2020-01-012020-03-310001479247usci:UnitedStatesCommodityIndexFundMember2020-01-012020-03-310001479247usci:UnitedStatesCopperIndexFundMembercountry:USus-gaap:ForeignExchangeFutureMemberus-gaap:FairValueInputsLevel3Member2020-03-310001479247usci:UnitedStatesCopperIndexFundMembercountry:USus-gaap:ForeignExchangeFutureMemberus-gaap:FairValueInputsLevel2Member2020-03-310001479247usci:UnitedStatesCopperIndexFundMembercountry:USus-gaap:ForeignExchangeFutureMemberus-gaap:FairValueInputsLevel1Member2020-03-310001479247usci:UnitedStatesCommodityIndexFundMemberusci:ForeignMemberus-gaap:ForeignExchangeFutureMemberus-gaap:FairValueInputsLevel3Member2020-03-310001479247usci:UnitedStatesCommodityIndexFundMemberusci:ForeignMemberus-gaap:ForeignExchangeFutureMemberus-gaap:FairValueInputsLevel2Member2020-03-310001479247usci:UnitedStatesCommodityIndexFundMemberusci:ForeignMemberus-gaap:ForeignExchangeFutureMemberus-gaap:FairValueInputsLevel1Member2020-03-310001479247usci:UnitedStatesCommodityIndexFundMembercountry:USus-gaap:ForeignExchangeFutureMemberus-gaap:FairValueInputsLevel3Member2020-03-310001479247usci:UnitedStatesCommodityIndexFundMembercountry:USus-gaap:ForeignExchangeFutureMemberus-gaap:FairValueInputsLevel2Member2020-03-310001479247usci:UnitedStatesCommodityIndexFundMembercountry:USus-gaap:ForeignExchangeFutureMemberus-gaap:FairValueInputsLevel1Member2020-03-310001479247usci:UnitedStatesCopperIndexFundMemberus-gaap:ShortTermInvestmentsMemberus-gaap:FairValueInputsLevel3Member2020-03-310001479247usci:UnitedStatesCopperIndexFundMemberus-gaap:ShortTermInvestmentsMemberus-gaap:FairValueInputsLevel2Member2020-03-310001479247usci:UnitedStatesCopperIndexFundMemberus-gaap:ShortTermInvestmentsMemberus-gaap:FairValueInputsLevel1Member2020-03-310001479247usci:UnitedStatesCopperIndexFundMembercountry:USus-gaap:ForeignExchangeFutureMember2020-03-310001479247usci:UnitedStatesCommodityIndexFundMemberus-gaap:ShortTermInvestmentsMemberus-gaap:FairValueInputsLevel3Member2020-03-310001479247usci:UnitedStatesCommodityIndexFundMemberus-gaap:ShortTermInvestmentsMemberus-gaap:FairValueInputsLevel2Member2020-03-310001479247usci:UnitedStatesCommodityIndexFundMemberus-gaap:ShortTermInvestmentsMemberus-gaap:FairValueInputsLevel1Member2020-03-310001479247usci:UnitedStatesCommodityIndexFundMemberusci:ForeignMemberus-gaap:ForeignExchangeFutureMember2020-03-310001479247usci:UnitedStatesCommodityIndexFundMembercountry:USus-gaap:ForeignExchangeFutureMember2020-03-310001479247usci:UnitedStatesCopperIndexFundMemberus-gaap:ShortTermInvestmentsMember2020-03-310001479247usci:UnitedStatesCommodityIndexFundMemberus-gaap:ShortTermInvestmentsMember2020-03-310001479247usci:UnitedStatesCopperIndexFundMembercountry:USus-gaap:ForeignExchangeFutureMemberus-gaap:FairValueInputsLevel3Member2019-12-310001479247usci:UnitedStatesCopperIndexFundMembercountry:USus-gaap:ForeignExchangeFutureMemberus-gaap:FairValueInputsLevel2Member2019-12-310001479247usci:UnitedStatesCopperIndexFundMembercountry:USus-gaap:ForeignExchangeFutureMemberus-gaap:FairValueInputsLevel1Member2019-12-310001479247usci:UnitedStatesCommodityIndexFundMemberusci:ForeignMemberus-gaap:ForeignExchangeFutureMemberus-gaap:FairValueInputsLevel3Member2019-12-310001479247usci:UnitedStatesCommodityIndexFundMemberusci:ForeignMemberus-gaap:ForeignExchangeFutureMemberus-gaap:FairValueInputsLevel2Member2019-12-310001479247usci:UnitedStatesCommodityIndexFundMemberusci:ForeignMemberus-gaap:ForeignExchangeFutureMemberus-gaap:FairValueInputsLevel1Member2019-12-310001479247usci:UnitedStatesCommodityIndexFundMembercountry:USus-gaap:ForeignExchangeFutureMemberus-gaap:FairValueInputsLevel3Member2019-12-310001479247usci:UnitedStatesCommodityIndexFundMembercountry:USus-gaap:ForeignExchangeFutureMemberus-gaap:FairValueInputsLevel2Member2019-12-310001479247usci:UnitedStatesCommodityIndexFundMembercountry:USus-gaap:ForeignExchangeFutureMemberus-gaap:FairValueInputsLevel1Member2019-12-310001479247usci:UnitedStatesCopperIndexFundMemberus-gaap:ShortTermInvestmentsMemberus-gaap:FairValueInputsLevel3Member2019-12-310001479247usci:UnitedStatesCopperIndexFundMemberus-gaap:ShortTermInvestmentsMemberus-gaap:FairValueInputsLevel2Member2019-12-310001479247usci:UnitedStatesCopperIndexFundMemberus-gaap:ShortTermInvestmentsMemberus-gaap:FairValueInputsLevel1Member2019-12-310001479247usci:UnitedStatesCopperIndexFundMembercountry:USus-gaap:ForeignExchangeFutureMember2019-12-310001479247usci:UnitedStatesCommodityIndexFundMemberus-gaap:ShortTermInvestmentsMemberus-gaap:FairValueInputsLevel3Member2019-12-310001479247usci:UnitedStatesCommodityIndexFundMemberus-gaap:ShortTermInvestmentsMemberus-gaap:FairValueInputsLevel2Member2019-12-310001479247usci:UnitedStatesCommodityIndexFundMemberus-gaap:ShortTermInvestmentsMemberus-gaap:FairValueInputsLevel1Member2019-12-310001479247usci:UnitedStatesCommodityIndexFundMemberusci:ForeignMemberus-gaap:ForeignExchangeFutureMember2019-12-310001479247usci:UnitedStatesCommodityIndexFundMembercountry:USus-gaap:ForeignExchangeFutureMember2019-12-310001479247usci:UnitedStatesCopperIndexFundMemberus-gaap:ShortTermInvestmentsMember2019-12-310001479247usci:UnitedStatesCommodityIndexFundMemberus-gaap:ShortTermInvestmentsMember2019-12-310001479247usci:UnitedStatesCopperIndexFundMemberus-gaap:CashEquivalentsMemberusci:UnitedStatesTreasuryObligationsMemberusci:UsTreasuryBillsTwentyTwoMember2020-01-012020-03-310001479247usci:UnitedStatesCopperIndexFundMemberus-gaap:CashEquivalentsMemberusci:UnitedStatesTreasuryObligationsMemberusci:UsTreasuryBillsTwentyThreeMember2020-01-012020-03-310001479247usci:UnitedStatesCopperIndexFundMemberus-gaap:CashEquivalentsMemberusci:UnitedStatesTreasuryObligationsMemberusci:UsTreasuryBillsTwentySixMember2020-01-012020-03-310001479247usci:UnitedStatesCopperIndexFundMemberus-gaap:CashEquivalentsMemberusci:UnitedStatesTreasuryObligationsMemberusci:UsTreasuryBillsTwentySevenMember2020-01-012020-03-310001479247usci:UnitedStatesCopperIndexFundMemberus-gaap:CashEquivalentsMemberusci:UnitedStatesTreasuryObligationsMemberusci:UsTreasuryBillsTwentyOneMember2020-01-012020-03-310001479247usci:UnitedStatesCopperIndexFundMemberus-gaap:CashEquivalentsMemberusci:UnitedStatesTreasuryObligationsMemberusci:UsTreasuryBillsTwentyNineMember2020-01-012020-03-310001479247usci:UnitedStatesCopperIndexFundMemberus-gaap:CashEquivalentsMemberusci:UnitedStatesTreasuryObligationsMemberusci:USTreasuryBillsTwentyFourMember2020-01-012020-03-310001479247usci:UnitedStatesCopperIndexFundMemberus-gaap:CashEquivalentsMemberusci:UnitedStatesTreasuryObligationsMemberusci:USTreasuryBillsTwentyFiveMember2020-01-012020-03-310001479247usci:UnitedStatesCopperIndexFundMemberus-gaap:CashEquivalentsMemberusci:UnitedStatesTreasuryObligationsMemberusci:UsTreasuryBillsTwentyEightMember2020-01-012020-03-310001479247usci:UnitedStatesCopperIndexFundMemberus-gaap:CashEquivalentsMemberusci:UnitedStatesTreasuryObligationsMemberusci:UsTreasuryBillsSixteenMember2020-01-012020-03-310001479247usci:UnitedStatesCopperIndexFundMemberus-gaap:CashEquivalentsMemberusci:UnitedStatesTreasuryObligationsMemberusci:UsTreasuryBillsSeventeenMember2020-01-012020-03-310001479247usci:UnitedStatesCopperIndexFundMemberus-gaap:CashEquivalentsMemberusci:UnitedStatesTreasuryObligationsMemberusci:UsTreasuryBillsFourteenMember2020-01-012020-03-310001479247usci:UnitedStatesCopperIndexFundMemberus-gaap:CashEquivalentsMemberusci:UnitedStatesTreasuryObligationsMemberusci:UsTreasuryBillsFifteenMember2020-01-012020-03-310001479247usci:UnitedStatesCopperIndexFundMemberus-gaap:CashEquivalentsMemberusci:UnitedStatesTreasuryObligationsMemberusci:UsTreasuryBillsEighteenMember2020-01-012020-03-310001479247usci:UnitedStatesCommodityIndexFundMemberus-gaap:CashEquivalentsMemberusci:UnitedStatesTreasuryObligationsMemberusci:USTreasuryBillsTwoMember2020-01-012020-03-310001479247usci:UnitedStatesCommodityIndexFundMemberus-gaap:CashEquivalentsMemberusci:UnitedStatesTreasuryObligationsMemberusci:USTreasuryBillsThreeMember2020-01-012020-03-310001479247usci:UnitedStatesCommodityIndexFundMemberus-gaap:CashEquivalentsMemberusci:UnitedStatesTreasuryObligationsMemberusci:USTreasuryBillsTenMember2020-01-012020-03-310001479247usci:UnitedStatesCommodityIndexFundMemberus-gaap:CashEquivalentsMemberusci:UnitedStatesTreasuryObligationsMemberusci:USTreasuryBillsSixMember2020-01-012020-03-310001479247usci:UnitedStatesCommodityIndexFundMemberus-gaap:CashEquivalentsMemberusci:UnitedStatesTreasuryObligationsMemberusci:USTreasuryBillsSevenMember2020-01-012020-03-310001479247usci:UnitedStatesCommodityIndexFundMemberus-gaap:CashEquivalentsMemberusci:UnitedStatesTreasuryObligationsMemberusci:USTreasuryBillsOneMember2020-01-012020-03-310001479247usci:UnitedStatesCommodityIndexFundMemberus-gaap:CashEquivalentsMemberusci:UnitedStatesTreasuryObligationsMemberusci:USTreasuryBillsNineMember2020-01-012020-03-310001479247usci:UnitedStatesCommodityIndexFundMemberus-gaap:CashEquivalentsMemberusci:UnitedStatesTreasuryObligationsMemberusci:USTreasuryBillsFourMember2020-01-012020-03-310001479247usci:UnitedStatesCommodityIndexFundMemberus-gaap:CashEquivalentsMemberusci:UnitedStatesTreasuryObligationsMemberusci:USTreasuryBillsFiveMember2020-01-012020-03-310001479247usci:UnitedStatesCommodityIndexFundMemberus-gaap:CashEquivalentsMemberusci:UnitedStatesTreasuryObligationsMemberusci:USTreasuryBillsEightMember2020-01-012020-03-310001479247usci:UnitedStatesCopperIndexFundMemberusci:ClosedPositionsMemberus-gaap:CommodityContractMemberus-gaap:FutureMember2020-03-312020-03-310001479247usci:ClosedPositionsMember2020-03-312020-03-310001479247usci:UnitedStatesCopperIndexFundMemberusci:ClosedPositionsMemberus-gaap:CommodityContractMemberus-gaap:FutureMember2019-03-312019-03-3100014792472019-03-312019-03-310001479247usci:UnitedStatesCopperIndexFundMemberusci:RebalancingInvestmentsTransactionMember2020-01-012020-03-310001479247usci:UnitedStatesCopperIndexFundMemberusci:CreationAndRedemptionActivityMember2020-01-012020-03-310001479247usci:UnitedStatesCommodityIndexFundMemberusci:RebalancingInvestmentsTransactionMember2020-01-012020-03-310001479247usci:UnitedStatesCommodityIndexFundMemberusci:CreationAndRedemptionActivityMember2020-01-012020-03-310001479247usci:UnitedStatesCopperIndexFundMemberusci:RebalancingInvestmentsTransactionMember2019-01-012019-03-310001479247usci:UnitedStatesCopperIndexFundMemberusci:CreationAndRedemptionActivityMember2019-01-012019-03-310001479247usci:UnitedStatesCommodityIndexFundMemberusci:RebalancingInvestmentsTransactionMember2019-01-012019-03-310001479247usci:UnitedStatesCommodityIndexFundMemberusci:CreationAndRedemptionActivityMember2019-01-012019-03-310001479247usci:UnitedStatesCommodityIndexFundMemberus-gaap:AssetsTotalMemberus-gaap:CommodityContractMemberus-gaap:FutureMember2020-03-310001479247usci:UnitedStatesCopperIndexFundMemberus-gaap:AssetsTotalMemberus-gaap:CommodityContractMemberus-gaap:FutureMember2019-12-310001479247usci:UnitedStatesCommodityIndexFundMemberus-gaap:AssetsTotalMemberus-gaap:CommodityContractMemberus-gaap:FutureMember2019-12-310001479247usci:UnitedStatesCopperIndexFundMemberus-gaap:AssetsTotalMemberus-gaap:CommodityContractMemberus-gaap:FutureMember2019-09-3000014792472018-12-310001479247usci:UnitedStatesCommodityIndexFundsTrustMember2020-03-310001479247usci:UnitedStatesCommodityIndexFundsTrustMember2019-12-310001479247usci:UnitedStatesCommodityIndexFundMember2019-05-082019-05-080001479247usci:UnitedStatesCopperIndexFundMember2011-11-142011-11-140001479247usci:UnitedStatesCopperIndexFundMember2011-11-012011-11-150001479247usci:UnitedStatesCommodityIndexFundMember2010-08-012010-08-100001479247usci:UscfCrescentCryptoIndexFundMemberus-gaap:LimitedPartnerMember2020-03-310001479247usci:UscfCrescentCryptoIndexFundMemberus-gaap:GeneralPartnerMember2020-03-310001479247usci:UnitedStatesCopperIndexFundMemberus-gaap:LimitedPartnerMember2020-03-310001479247usci:UnitedStatesCopperIndexFundMemberus-gaap:GeneralPartnerMember2020-03-310001479247usci:UnitedStatesCommodityIndexFundMemberus-gaap:LimitedPartnerMember2020-03-310001479247usci:UnitedStatesCommodityIndexFundMemberus-gaap:GeneralPartnerMember2020-03-310001479247us-gaap:LimitedPartnerMember2020-03-310001479247us-gaap:GeneralPartnerMember2020-03-310001479247usci:UscfCrescentCryptoIndexFundMemberus-gaap:LimitedPartnerMember2019-12-310001479247usci:UscfCrescentCryptoIndexFundMemberus-gaap:GeneralPartnerMember2019-12-310001479247usci:UnitedStatesCopperIndexFundMemberus-gaap:LimitedPartnerMember2019-12-310001479247usci:UnitedStatesCopperIndexFundMemberus-gaap:GeneralPartnerMember2019-12-310001479247usci:UnitedStatesCommodityIndexFundMemberus-gaap:LimitedPartnerMember2019-12-310001479247usci:UnitedStatesCommodityIndexFundMemberus-gaap:GeneralPartnerMember2019-12-310001479247us-gaap:LimitedPartnerMember2019-12-310001479247us-gaap:GeneralPartnerMember2019-12-310001479247usci:UscfCrescentCryptoIndexFundMember2019-12-310001479247usci:UscfCrescentCryptoIndexFundMember2019-05-080001479247usci:UnitedStatesCommodityIndexFundMember2010-11-100001479247usci:UnitedStatesCommodityIndexFundMember2009-12-210001479247usci:UnitedStatesCopperIndexFundMemberusci:PeriodThreeMember2019-01-012019-09-300001479247usci:UnitedStatesCommodityIndexFundMemberusci:PeriodThreeMember2019-01-012019-09-300001479247usci:UnitedStatesCopperIndexFundMember2019-01-012019-09-300001479247usci:UnitedStatesCopperIndexFundMemberus-gaap:CashEquivalentsMemberusci:UnitedStatesTreasuryObligationsMemberusci:UsTreasuryBillsTwentyTwoMember2020-03-310001479247usci:UnitedStatesCopperIndexFundMemberus-gaap:CashEquivalentsMemberusci:UnitedStatesTreasuryObligationsMemberusci:UsTreasuryBillsTwentyThreeMember2020-03-310001479247usci:UnitedStatesCopperIndexFundMemberus-gaap:CashEquivalentsMemberusci:UnitedStatesTreasuryObligationsMemberusci:UsTreasuryBillsTwentySixMember2020-03-310001479247usci:UnitedStatesCopperIndexFundMemberus-gaap:CashEquivalentsMemberusci:UnitedStatesTreasuryObligationsMemberusci:UsTreasuryBillsTwentySevenMember2020-03-310001479247usci:UnitedStatesCopperIndexFundMemberus-gaap:CashEquivalentsMemberusci:UnitedStatesTreasuryObligationsMemberusci:UsTreasuryBillsTwentyOneMember2020-03-310001479247usci:UnitedStatesCopperIndexFundMemberus-gaap:CashEquivalentsMemberusci:UnitedStatesTreasuryObligationsMemberusci:UsTreasuryBillsTwentyNineMember2020-03-310001479247usci:UnitedStatesCopperIndexFundMemberus-gaap:CashEquivalentsMemberusci:UnitedStatesTreasuryObligationsMemberusci:USTreasuryBillsTwentyFourMember2020-03-310001479247usci:UnitedStatesCopperIndexFundMemberus-gaap:CashEquivalentsMemberusci:UnitedStatesTreasuryObligationsMemberusci:USTreasuryBillsTwentyFiveMember2020-03-310001479247usci:UnitedStatesCopperIndexFundMemberus-gaap:CashEquivalentsMemberusci:UnitedStatesTreasuryObligationsMemberusci:UsTreasuryBillsTwentyEightMember2020-03-310001479247usci:UnitedStatesCopperIndexFundMemberus-gaap:CashEquivalentsMemberusci:UnitedStatesTreasuryObligationsMemberusci:UsTreasuryBillsSixteenMember2020-03-310001479247usci:UnitedStatesCopperIndexFundMemberus-gaap:CashEquivalentsMemberusci:UnitedStatesTreasuryObligationsMemberusci:UsTreasuryBillsSeventeenMember2020-03-310001479247usci:UnitedStatesCopperIndexFundMemberus-gaap:CashEquivalentsMemberusci:UnitedStatesTreasuryObligationsMemberusci:UsTreasuryBillsFourteenMember2020-03-310001479247usci:UnitedStatesCopperIndexFundMemberus-gaap:CashEquivalentsMemberusci:UnitedStatesTreasuryObligationsMemberusci:UsTreasuryBillsFifteenMember2020-03-310001479247usci:UnitedStatesCopperIndexFundMemberus-gaap:CashEquivalentsMemberusci:UnitedStatesTreasuryObligationsMemberusci:UsTreasuryBillsEighteenMember2020-03-310001479247usci:UnitedStatesCopperIndexFundMemberusci:UnitedStatesContractsMemberusci:ComexCopperFuturesHgMay2020ContractsExpiringMay2020Memberusci:OpenFuturesContractsLongMember2020-03-310001479247usci:UnitedStatesCommodityIndexFundMemberus-gaap:CashEquivalentsMemberusci:UnitedStatesTreasuryObligationsMemberusci:USTreasuryBillsTwoMember2020-03-310001479247usci:UnitedStatesCommodityIndexFundMemberus-gaap:CashEquivalentsMemberusci:UnitedStatesTreasuryObligationsMemberusci:USTreasuryBillsThreeMember2020-03-310001479247usci:UnitedStatesCommodityIndexFundMemberus-gaap:CashEquivalentsMemberusci:UnitedStatesTreasuryObligationsMemberusci:USTreasuryBillsTenMember2020-03-310001479247usci:UnitedStatesCommodityIndexFundMemberus-gaap:CashEquivalentsMemberusci:UnitedStatesTreasuryObligationsMemberusci:USTreasuryBillsSixMember2020-03-310001479247usci:UnitedStatesCommodityIndexFundMemberus-gaap:CashEquivalentsMemberusci:UnitedStatesTreasuryObligationsMemberusci:USTreasuryBillsSevenMember2020-03-310001479247usci:UnitedStatesCommodityIndexFundMemberus-gaap:CashEquivalentsMemberusci:UnitedStatesTreasuryObligationsMemberusci:USTreasuryBillsOneMember2020-03-310001479247usci:UnitedStatesCommodityIndexFundMemberus-gaap:CashEquivalentsMemberusci:UnitedStatesTreasuryObligationsMemberusci:USTreasuryBillsNineMember2020-03-310001479247usci:UnitedStatesCommodityIndexFundMemberus-gaap:CashEquivalentsMemberusci:UnitedStatesTreasuryObligationsMemberusci:USTreasuryBillsFourMember2020-03-310001479247usci:UnitedStatesCommodityIndexFundMemberus-gaap:CashEquivalentsMemberusci:UnitedStatesTreasuryObligationsMemberusci:USTreasuryBillsFiveMember2020-03-310001479247usci:UnitedStatesCommodityIndexFundMemberus-gaap:CashEquivalentsMemberusci:UnitedStatesTreasuryObligationsMemberusci:USTreasuryBillsEightMember2020-03-310001479247usci:UnitedStatesCommodityIndexFundMemberusci:UnitedStatesContractsMemberusci:NymexNaturalGasFuturesNgJanuary2021ContractsExpiringDecember2020Memberusci:OpenFuturesContractsMember2020-03-310001479247usci:UnitedStatesCommodityIndexFundMemberusci:UnitedStatesContractsMemberusci:IceSugar11FuturesSbJuly2020ContractsExpiringJune2020Memberusci:OpenFuturesContractsLongMember2020-03-310001479247usci:UnitedStatesCommodityIndexFundMemberusci:UnitedStatesContractsMemberusci:IceCoffeeCFuturesKcJuly2020ContractsExpiringJuly2020Memberusci:OpenFuturesContractsLongMember2020-03-310001479247usci:UnitedStatesCommodityIndexFundMemberusci:UnitedStatesContractsMemberusci:IceCocoaFuturesCcSeptember2020ContractsExpiringSeptember2020Memberusci:OpenFuturesContractsMember2020-03-310001479247usci:UnitedStatesCommodityIndexFundMemberusci:UnitedStatesContractsMemberusci:ComexSilverFuturesSiJuly2020ContractsExpiringJuly2020Memberusci:OpenFuturesContractsLongMember2020-03-310001479247usci:UnitedStatesCommodityIndexFundMemberusci:UnitedStatesContractsMemberusci:ComexGoldFuturesGcFebruary2021ContractsExpiringFebruary2021Memberusci:OpenFuturesContractsMember2020-03-310001479247usci:UnitedStatesCommodityIndexFundMemberusci:UnitedStatesContractsMemberusci:ComexCopperFuturesHgJuly2020ContractsExpiringJuly2020Memberusci:OpenFuturesContractsLongMember2020-03-310001479247usci:UnitedStatesCommodityIndexFundMemberusci:UnitedStatesContractsMemberusci:CmeLiveCattleFuturesLcJune2020ContractsExpiringJune2020Memberusci:OpenFuturesContractsLongMember2020-03-310001479247usci:UnitedStatesCommodityIndexFundMemberusci:UnitedStatesContractsMemberusci:CmeLeanHogsFuturesLhAugust2020ContractsExpiringAugust2020Memberusci:OpenFuturesContractsLongMember2020-03-310001479247usci:UnitedStatesCommodityIndexFundMemberusci:UnitedStatesContractsMemberusci:CmeFeederCattleFuturesFcMay2020ContractsExpiringMay2020Memberusci:OpenFuturesContractsLongMember2020-03-310001479247usci:UnitedStatesCommodityIndexFundMemberusci:UnitedStatesContractsMemberusci:CbotWheatFuturesWJuly2020ContractsExpiringJuly2020Memberusci:OpenFuturesContractsLongMember2020-03-310001479247usci:UnitedStatesCommodityIndexFundMemberusci:UnitedStatesContractsMemberusci:CbotSoybeanFuturesSmSeptember2020ContractsExpiringSeptember2020Memberusci:OpenFuturesContractsLongMember2020-03-310001479247usci:UnitedStatesCommodityIndexFundMemberusci:UnitedStatesContractsMemberusci:CbotSoybeanFuturesSMarch2021ContractsExpiringMarch2021Memberusci:OpenFuturesContractsMember2020-03-310001479247usci:UnitedStatesCommodityIndexFundMemberusci:UnitedStatesContractsMemberusci:CbotSoybeanFuturesBoSeptember2020ContractsExpiringSeptember2020Memberusci:OpenFuturesContractsLongMember2020-03-310001479247usci:UnitedStatesCommodityIndexFundMemberusci:ForeignMemberusci:LmeZincFuturesLxApril2020ContractsExpiringApril2020Memberusci:OpenFuturesContractsShortMember2020-03-310001479247usci:UnitedStatesCommodityIndexFundMemberusci:ForeignMemberusci:LmeZincFuturesLxApril2020ContractsExpiringApril2020Memberusci:OpenFuturesContractsLongMember2020-03-310001479247usci:UnitedStatesCommodityIndexFundMemberusci:ForeignMemberusci:LmeTinFuturesLtAugust2020ContractsExpiringAugust2020Memberusci:OpenFuturesContractsShortMember2020-03-310001479247usci:UnitedStatesCommodityIndexFundMemberusci:ForeignMemberusci:LmeTinFuturesLtAugust2020ContractsExpiringAugust2020Memberusci:OpenFuturesContractsLongMember2020-03-310001479247usci:UnitedStatesCopperIndexFundMemberus-gaap:CashEquivalentsMemberusci:UnitedStatesTreasuryObligationsMember2020-03-310001479247usci:UnitedStatesCommodityIndexFundMemberus-gaap:CashEquivalentsMemberusci:UnitedStatesTreasuryObligationsMember2020-03-310001479247usci:UnitedStatesCommodityIndexFundMemberusci:UnitedStatesContractsMemberusci:OpenFuturesContractsLongMember2020-03-310001479247usci:UnitedStatesCommodityIndexFundMemberusci:ForeignMemberusci:OpenFuturesContractsShortMember2020-03-310001479247usci:UnitedStatesCommodityIndexFundMemberusci:ForeignMemberusci:OpenFuturesContractsLongMember2020-03-310001479247usci:UnitedStatesCommodityIndexFundMemberusci:OpenFuturesContractsMember2020-03-310001479247usci:UnitedStatesCopperIndexFundMemberusci:RebalancingInvestmentsTransactionMember2020-03-310001479247usci:UnitedStatesCopperIndexFundMemberusci:CreationAndRedemptionActivityMember2020-03-310001479247usci:UnitedStatesCommodityIndexFundMemberusci:PeriodThreeMember2020-03-310001479247usci:UnitedStatesCommodityIndexFundMemberusci:RebalancingInvestmentsTransactionMember2020-03-310001479247usci:UnitedStatesCommodityIndexFundMemberusci:CreationAndRedemptionActivityMember2020-03-310001479247usci:UnitedStatesAgricultureIndexFundMemberusci:PeriodThreeMember2020-03-310001479247usci:UnitedStatesCommodityIndexFundMember2020-03-310001479247usci:UnitedStatesCopperIndexFundMemberusci:RebalancingInvestmentsTransactionMember2019-03-310001479247usci:UnitedStatesCopperIndexFundMemberusci:CreationAndRedemptionActivityMember2019-03-310001479247usci:UnitedStatesCommodityIndexFundMemberusci:RebalancingInvestmentsTransactionMember2019-03-310001479247usci:UnitedStatesCommodityIndexFundMemberusci:CreationAndRedemptionActivityMember2019-03-3100014792472019-12-310001479247usci:UnitedStatesCopperIndexFundMembersrt:MaximumMember2020-01-012020-03-310001479247usci:UnitedStatesCommodityIndexFundMembersrt:MaximumMember2020-01-012020-03-310001479247usci:UnitedStatesCopperIndexFundMembersrt:MaximumMember2019-01-012019-03-310001479247usci:UnitedStatesCommodityIndexFundMembersrt:MaximumMember2019-01-012019-03-310001479247srt:MaximumMember2019-01-012019-03-310001479247usci:UnitedStatesCopperIndexFundMember2011-09-012011-09-060001479247usci:UnitedStatesAgricultureIndexFundMember2011-09-012011-09-060001479247usci:UnitedStatesCommodityIndexFundMember2010-07-012010-07-300001479247usci:UnitedStatesCopperIndexFundMemberusci:InceptionPeriodMemberusci:CreationBasketsMember2020-03-310001479247usci:UnitedStatesCommodityIndexFundMemberusci:InceptionPeriodMemberusci:CreationBasketsMember2020-03-310001479247usci:UnitedStatesCommodityIndexFundMemberusci:BeforeInceptionPeriodMemberusci:MarketingAgentMember2020-03-310001479247usci:UnitedStatesAgricultureIndexFundMember2012-10-032012-10-030001479247usci:UnitedStatesCopperIndexFundMember2011-12-072011-12-070001479247usci:UnitedStatesCopperIndexFundMemberusci:CommodityExchangeIncMemberusci:FuturesContractsMember2020-01-012020-03-310001479247usci:UnitedStatesCommodityIndexFundMemberusci:NewYorkMercantileExchangeMemberusci:FuturesContractsMember2020-01-012020-03-310001479247usci:UnitedStatesCommodityIndexFundMemberusci:LondonMetalExchangeMemberusci:FuturesContractsMember2020-01-012020-03-310001479247usci:UnitedStatesCommodityIndexFundMemberusci:IceFuturesMemberusci:FuturesContractsMember2020-01-012020-03-310001479247usci:UnitedStatesCommodityIndexFundMemberusci:CommodityExchangeIncMemberusci:FuturesContractsMember2020-01-012020-03-310001479247usci:UnitedStatesCommodityIndexFundMemberusci:ChicagoMercantileExchangeMemberusci:FuturesContractsMember2020-01-012020-03-310001479247usci:UnitedStatesCommodityIndexFundMemberusci:ChicagoBoardOfTradeMemberusci:FuturesContractsMember2020-01-012020-03-310001479247usci:UnitedStatesCommodityIndexFundMember2019-03-310001479247usci:UnitedStatesCopperIndexFundMember2018-12-310001479247usci:UnitedStatesCommodityIndexFundMember2018-12-310001479247usci:UnitedStatesCopperIndexFundMember2017-12-310001479247usci:UnitedStatesCommodityIndexFundMember2017-12-310001479247usci:UnitedStatesCommodityIndexFundMember2010-08-100001479247usci:UnitedStatesCopperIndexFundMemberusci:SummerhavenAgreementsMember2018-01-012018-04-300001479247usci:UnitedStatesCommodityIndexFundMemberusci:SummerhavenAgreementsMember2018-01-012018-04-300001479247usci:UnitedStatesCommodityIndexFundMember2020-03-310001479247usci:UnitedStatesCopperIndexFundMember2019-12-310001479247usci:UnitedStatesCommodityIndexFundMember2019-12-310001479247usci:UnitedStatesCommodityIndexFundMemberus-gaap:LicensingAgreementsMemberusci:SummerhavenAgreementsMember2020-01-012020-03-310001479247usci:UnitedStatesCommodityIndexFundMemberusci:FuturesContractsMember2020-01-012020-03-310001479247usci:UnitedStatesCommodityIndexFundMemberusci:RedemptionBasketsMember2020-03-310001479247usci:UnitedStatesCommodityIndexFundMemberusci:RedemptionBasketMember2020-03-310001479247usci:UnitedStatesCommodityIndexFundMember2019-05-080001479247usci:UnitedStatesCopperIndexFundMember2018-03-310001479247usci:UnitedStatesCopperIndexFundMember2011-11-150001479247usci:UnitedStatesCopperIndexFundMember2010-11-1000014792472010-08-100001479247usci:UnitedStatesCopperIndexFundMember2020-01-012020-03-3100014792472019-01-012019-03-310001479247usci:UnitedStatesCopperIndexFundMember2019-01-012019-03-310001479247usci:UnitedStatesCommodityIndexFundMember2019-01-012019-03-310001479247usci:UnitedStatesAgricultureIndexFundMember2012-06-282012-06-280001479247usci:UnitedStatesAgricultureIndexFundMember2012-04-132012-04-130001479247usci:UnitedStatesCommodityIndexFundMember2011-12-072011-12-070001479247usci:UnitedStatesCommodityIndexFundMember2011-09-012011-09-190001479247usci:UnitedStatesCommodityIndexFundMember2011-09-012011-09-1400014792472009-12-012009-12-210001479247srt:MinimumMember2020-01-012020-03-310001479247srt:MaximumMember2020-01-012020-03-310001479247usci:UscfCrescentCryptoIndexFundMember2020-03-310001479247usci:UnitedStatesCopperIndexFundMember2020-03-3100014792472020-03-310001479247usci:UnitedStatesCopperIndexFundMember2019-03-3100014792472019-03-3100014792472009-12-210001479247usci:UscfCrescentCryptoIndexFundMemberus-gaap:LimitedPartnerMember2020-01-012020-03-310001479247usci:UscfCrescentCryptoIndexFundMemberus-gaap:GeneralPartnerMember2020-01-012020-03-310001479247usci:UscfCrescentCryptoIndexFundMember2020-01-012020-03-310001479247usci:UnitedStatesCopperIndexFundMemberus-gaap:LimitedPartnerMember2020-01-012020-03-310001479247usci:UnitedStatesCopperIndexFundMemberus-gaap:GeneralPartnerMember2020-01-012020-03-310001479247usci:UnitedStatesCopperIndexFundMember2020-01-012020-03-310001479247usci:UnitedStatesCommodityIndexFundMemberus-gaap:LimitedPartnerMember2020-01-012020-03-310001479247usci:UnitedStatesCommodityIndexFundMemberus-gaap:GeneralPartnerMember2020-01-012020-03-310001479247us-gaap:LimitedPartnerMember2020-01-012020-03-310001479247us-gaap:GeneralPartnerMember2020-01-012020-03-310001479247usci:UnitedStatesCommodityIndexFundMember2020-01-012020-03-310001479247srt:MaximumMemberusci:GroupTwentySixMemberusci:MarketingAgreementMember2020-03-310001479247srt:MaximumMemberusci:GroupTwentyFiveMemberusci:MarketingAgreementMember2020-03-310001479247srt:MinimumMemberusci:GroupTwentyNineMember2020-03-310001479247srt:MinimumMemberusci:GroupTwentyEightMember2020-03-310001479247srt:MaximumMemberusci:GroupTwentySevenMember2020-03-310001479247srt:MaximumMemberusci:GroupTwentyEightMember2020-03-310001479247srt:MinimumMember2020-03-310001479247usci:UnitedStatesCommodityIndexFundMemberusci:GroupTwentySevenMemberusci:SummerhavenAgreementsMember2020-01-012020-03-310001479247usci:GroupTwentyFiveMemberusci:MarketingAgreementMember2020-01-012020-03-310001479247srt:MinimumMemberusci:MarketingAgreementMember2020-01-012020-03-310001479247srt:MaximumMemberusci:MarketingAgreementMember2020-01-012020-03-310001479247usci:GroupTwentySevenMember2020-01-012020-03-310001479247usci:GroupTwentyNineMember2020-01-012020-03-310001479247usci:GroupTwentyEightMember2020-01-012020-03-310001479247usci:UnitedStatesCommodityIndexFundMemberusci:SummerhavenAgreementsMember2018-05-012018-05-010001479247usci:UnitedStatesCopperIndexFundMember2020-01-012020-03-310001479247usci:UnitedStatesCommodityIndexFundMember2020-01-012020-03-310001479247us-gaap:CommonStockMember2020-05-060001479247usci:UnitedStatesCopperIndexFundMember2020-05-060001479247usci:UnitedStatesCommodityIndexFundMember2020-05-0600014792472020-03-312020-03-3100014792472020-01-012020-03-31xbrli:sharesxbrli:pureiso4217:USDiso4217:USDxbrli:sharesusci:contract

Table of Contents

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 10-Q

Quarterly report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 for the quarterly period ended March 31, 2020.

OR

Transition report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 for the transition period from                to             .

Commission file number: 001-34833

United States Commodity Index Funds Trust

(Exact name of registrant as specified in its charter)

Delaware

    

27-1537655

(State or other jurisdiction of

(I.R.S. Employer

incorporation or organization)

Identification No.)

1850 Mt. Diablo Boulevard, Suite 640

Walnut Creek, California 94596

(Address of principal executive offices) (Zip code)

(510) 522-9600

(Registrant’s telephone number, including area code)

N/A

(Former name, former address and former fiscal year, if changed since last report)

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.       Yes        No

Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files).       Yes        No

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer”, “smaller reporting company” and “emerging growth company” in Rule 12b-2 of the Exchange Act.

Large accelerated filer

 

Accelerated filer

 

 

 

 

Non-accelerated filer

 

Smaller reporting company

 

 

 

 

 

 

 

 

Emerging growth company

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided to Section 7(a)(2)(B) of the Securities Act. ◻

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).     Yes        No

Securities registered pursuant to Section 12(b) of the Act:

Title of each class:

    

Trading Symbol(s)

    

Name of each exchange on which registered:

Shares of United States Commodity Index Fund

 

USCI

 

NYSE Arca, Inc.

Shares of United States Copper Index Fund

 

CPER

 

NYSE Arca, Inc.

The number of outstanding shares of each series of the registrant as of May 6, 2020 are included in the table below:

    

Number of Outstanding Shares as of

May 6, 2020

United States Commodity Index Fund

 

4,750,000

United States Copper Index Fund

 

700,000

Total

 

5,450,000

Table of Contents

UNITED STATES COMMODITY INDEX FUNDS TRUST

Table of Contents

Table of Contents

Part I. FINANCIAL INFORMATION

Item 1. Condensed Financial Statements.

Index to Condensed Financial Statements

1

Table of Contents

United States Commodity Index Funds Trust

Condensed Statements of Financial Condition

At March 31, 2020 (Unaudited) and December 31, 2019

United States Commodity Index Fund

    

March 31, 2020

    

December 31, 2019

Assets

 

  

 

  

Cash and cash equivalents (at cost $103,036,108 and $163,036,680, respectively) (Notes 2 and 6)

$

103,036,108

$

163,036,680

Equity in trading accounts:

 

 

Cash and cash equivalents (at cost $23,869,583 and $27,277,314, respectively)

 

23,869,583

 

27,277,314

Unrealized gain (loss) on open commodity futures contracts

 

(6,358,231)

 

2,138,868

Dividends receivable

 

5,485

 

25,510

Prepaid insurance

21,644

20,198

ETF transaction fees receivable

 

 

350

Total assets

$

120,574,589

$

192,498,920

Liabilities and Capital

 

 

Payable for shares redeemed

$

$

1,843,700

Management fees payable (Note 4)

90,707

142,699

Professional fees payable

 

292,086

 

571,822

Brokerage commissions payable

 

14,455

 

33,805

Directors' fees payable

8,374

11,412

Total liabilities

 

405,622

 

2,603,438

Commitments and Contingencies (Notes 4, 5 and 6)

 

 

Capital

 

 

Sponsor

 

 

Shareholders

 

120,168,967

 

189,895,482

Total Capital

 

120,168,967

 

189,895,482

Total liabilities and capital

$

120,574,589

$

192,498,920

Shares outstanding

 

4,600,000

 

5,150,000

Net asset value per share

$

26.12

$

36.87

Market value per share

$

25.90

$

36.90

See accompanying notes to condensed financial statements.

2

Table of Contents

United States Commodity Index Funds Trust

Condensed Statements of Financial Condition

At March 31, 2020 (Unaudited) and December 31, 2019

United States Copper Index Fund

    

March 31, 2020

    

December 31, 2019

Assets

 

  

 

  

Cash and cash equivalents (at cost $7,291,015 and $6,699,854, respectively) (Notes 2 and 6)

$

7,291,015

$

6,699,854

Equity in trading accounts:

 

 

Cash and cash equivalents (at cost $2,444,562 and $399,050, respectively)

 

2,444,562

 

399,050

Unrealized gain (loss) on open commodity futures contracts

 

(1,405,238)

 

346,250

Receivable from Sponsor (Note 4)

 

72,033

 

67,629

Dividends receivable

 

735

 

1,363

Interest receivable

 

 

125

Prepaid insurance

 

923

 

253

Total assets

$

8,404,030

$

7,514,524

 

 

Liabilities and Capital

 

 

Payable due to Broker

$

$

429,967

Management fees payable (Note 4)

4,896

4,647

Professional fees payable

 

25,724

 

64,311

Directors' fees payable

 

205

 

222

 

 

Total liabilities

 

30,825

 

499,147

 

 

Commitments and Contingencies  (Notes 4, 5 and 6)

 

 

 

 

Capital

 

 

Sponsor

 

 

Shareholders

 

8,373,205

 

7,015,377

Total Capital

 

8,373,205

 

7,015,377

 

 

Total liabilities and capital

$

8,404,030

$

7,514,524

 

 

Shares outstanding

 

600,000

 

400,000

Net asset value per share

$

13.96

$

17.54

Market value per share

$

13.86

$

17.54

See accompanying notes to condensed financial statements.

3

Table of Contents

United States Commodity Index Funds Trust

Condensed Statement of Financial Condition

At March 31, 2020* (Unaudited)

USCF Crescent Crypto Index Fund

    

March 31, 2020*

December 31, 2019

Assets

 

  

Cash (at cost $1,000) (Notes 2 and 6)

$

1,000

$

1,000

Total assets

$

1,000

$

1,000

Commitments and Contingencies (Notes 4, 5 and 6)

 

Capital

 

Sponsor

$

1,000

$

1,000

Shareholders

 

Total Capital

 

1,000

1,000

Total liabilities and capital

$

1,000

$

1,000

*     The Sponsor contributed $1,000 on May 8, 2019. As of March 31, 2020, the Fund is in registration and had not commenced operations.

See accompanying notes to condensed financial statements.

4

Table of Contents

United States Commodity Index Funds Trust

Condensed Statements of Financial Condition

At March 31, 2020 (Unaudited) and December 31, 2019

United States Commodity Index Funds Trust

    

March 31,2020

    

December 31, 2019

Assets

 

  

 

  

Cash and cash equivalents (at cost $110,328,123 and $169,737,534, respectively) (Notes 2 and 6)

$

110,328,123

$

169,737,534

Equity in trading accounts:

 

 

Cash and cash equivalents (at cost $26,314,145 and $27,676,364, respectively)

 

26,314,145

 

27,676,364

Unrealized gain (loss) on open commodity futures contracts

 

(7,763,469)

 

2,485,118

Receivable from Sponsor (Note 4)

 

72,033

 

67,629

Dividends receivable

 

6,220

 

26,873

Interest receivable

 

 

125

Prepaid insurance

22,567

20,451

ETF transaction fees receivable

 

 

350

 

 

Total assets

$

128,979,619

$

200,014,444

 

 

Liabilities and Capital

 

 

Payable due to Broker

$

$

429,967

Payable for shares redeemed

1,843,700

Management fees payable (Note 4)

 

95,603

 

147,346

Professional fees payable

 

317,810

 

636,133

Brokerage commissions payable

 

14,455

 

33,805

Directors' fees payable

 

8,579

 

11,634

 

 

Total liabilities

 

436,447

 

3,102,585

 

 

Commitments and Contingencies (Notes 4, 5 and 6)

 

 

 

 

Capital

 

 

Sponsor

 

1,000

 

1,000

Shareholders

 

128,542,172

 

196,910,859

Total Capital

 

128,543,172

 

196,911,859

 

 

Total liabilities and capital

$

128,979,619

$

200,014,444

 

 

Shares outstanding

 

5,200,000

 

5,550,000

See accompanying notes to condensed financial statements.

5

Table of Contents

United States Commodity Index Funds Trust

Condensed Schedule of Investments (Unaudited)

At March 31, 2020

United States Commodity Index Fund

    

    

   

Value/

    

Unrealized Gain

(Loss) on Open

Notional

Number of

Commodity

% of

Amount

Contracts

Contracts

Capital

Open Futures Contracts – Long

Foreign Contracts

LME Zinc Futures LX April 2020 contracts, expiring April 2020

$

14,292,564

249

$

(2,479,070)

(2.06)

LME Tin Futures LT August 2020 contracts, expiring August 2020

 

14,006,112

 

164

 

(2,038,213)

 

(1.70)

 

28,298,676

 

413

 

(4,517,283)

 

(3.76)

United States Contracts

CME Feeder Cattle Futures FC May 2020 contracts, expiring May 2020

 

8,514,575

 

139

 

26,975

 

0.02

CME Live Cattle Futures LC June 2020 contracts, expiring June 2020

 

10,370,090

 

232

 

(1,825,530)

 

(1.52)

ICE Sugar # 11 Futures SB July 2020 contracts, expiring June 2020

8,438,024

692

(300,104)

(0.25)

CBOT Wheat Futures W July 2020 contracts, expiring July 2020

 

8,741,613

 

313

 

61,512

 

0.05

ICE Coffee-C Futures KC July 2020 contracts, expiring July 2020

 

8,435,981

 

187

 

3,563

 

0.00*

COMEX Copper Futures HG July 2020 contracts, expiring July 2020

 

8,701,475

 

159

 

176,688

 

0.15

COMEX Silver Futures SI July 2020 contracts, expiring July 2020

8,503,850

118

(131,160)

(0.11)

CME Lean Hogs Futures LH August 2020 contracts, expiring August 2020

 

8,194,210

 

313

 

(6,130)

 

(0.01)

CBOT Soybean Futures BO September 2020 contracts, expiring September 2020

8,823,606

533

22,062

0.02

CBOT Soybean Futures SM September 2020 contracts, expiring September 2020

 

8,638,240

 

277

 

(51,240)

 

(0.04)

ICE Cocoa Futures CC September 2020 contracts, expiring September 2020

 

10,604,500

 

384

 

(1,899,220)

 

(1.58)

NYMEX Natural Gas Futures NG January 2021 contracts, expiring December 2020

 

8,766,470

 

323

 

80,500

 

0.07

COMEX Gold Futures GC February 2021 contracts, expiring February 2021

 

8,541,430

 

52

 

(228,710)

 

(0.19)

CBOT Soybean Futures S March 2021 contracts, expiring March 2021

 

8,618,900

 

201

 

(23,638)

 

(0.02)

 

123,892,964

 

3,923

 

(4,094,432)

 

(3.41)

Open Futures Contracts - Short**

Foreign Contracts

LME Zinc Futures LX April 2020 contracts, expiring April 2020***

(12,733,868)

249

918,948

0.77

LME Tin Futures LT August 2020 contracts, expiring August 2020***

(13,303,375)

164

1,334,536

1.11

(26,037,243)

413

2,253,484

1.88

Total Open Futures Contracts***

$

126,154,397

 

4,749

$

(6,358,231)

 

(5.29)

6

Table of Contents

United States Commodity Index Funds Trust

Condensed Schedule of Investments (Unaudited)(Continued)

At March 31, 2020

United States Commodity Index Fund

   

Principal

   

Market 

   

% of 

Amount

Value

Capital

Cash Equivalents

United States Treasury Obligations

U.S. Treasury Bills:

 

  

 

  

 

  

1.60%, 4/16/2020

$

15,000,000

$

14,990,062

 

12.47

1.59%, 4/30/2020

 

9,000,000

 

8,988,581

 

7.48

1.55%, 5/14/2020

 

5,000,000

 

4,990,803

 

4.15

1.55%, 5/21/2020

 

15,000,000

 

14,968,021

 

12.46

1.53%, 6/04/2020

 

10,000,000

 

9,972,978

 

8.30

1.54%, 6/18/2020

 

2,000,000

 

1,993,370

 

1.66

1.51%, 7/09/2020

16,000,000

15,933,890

 

13.26

1.54%, 7/16/2020

 

15,000,000

 

14,932,425

 

12.43

1.53%, 7/23/2020

 

5,000,000

 

4,976,223

 

4.14

1.53%, 7/30/2020

 

20,000,000

 

19,898,667

 

16.56

Total Cash Equivalents

 

$

111,645,020

 

92.91

*      Represents less than 0.005%.

**   All short contracts are offset by long positions in Futures Contracts and are acquired solely for the purpose of reducing a long position (e.g., due to a redemption or to reflect a rebalancing of the SDCI).

*** Collateral amounted to $23,869,583 on open futures contracts.

See accompanying notes to condensed financial statements.

7

Table of Contents

United States Commodity Index Funds Trust

Condensed Schedule of Investments (Unaudited)

At March 31, 2020

United States Copper Index Fund

    

    

    

Value/

    

Unrealized Gain

(Loss) on Open

Notional

Number of

Commodity

% of

Amount

 Contracts

Contracts

Capital

Open Futures Contracts – Long

 

  

 

  

 

  

 

  

United States Contracts

 

  

 

  

 

  

 

  

COMEX Copper Futures HG May 2020 contracts, expiring May 2020*

$

9,760,238

 

150

$

(1,405,238)

 

(16.78)

    

Principal

    

Market 

    

Amount

Value

Cash Equivalents

 

  

 

  

 

  

United States Treasury Obligations

 

  

 

  

 

  

U.S. Treasury Bills:

 

  

 

  

 

  

1.52%, 4/02/2020

$

550,000

$

549,977

 

6.57

1.60%, 4/09/2020

 

500,000

 

499,824

 

5.97

1.60%, 4/16/2020

 

500,000

 

499,669

 

5.97

1.52%, 4/23/2020

 

400,000

 

399,631

 

4.77

1.57%, 4/30/2020

 

600,000

 

599,247

 

7.16

1.54%, 5/07/2020

 

600,000

 

599,080

 

7.15

1.55%, 5/14/2020

 

550,000

 

548,988

 

6.56

1.55%, 5/21/2020

 

500,000

 

498,934

 

5.96

1.56%, 5/28/2020

 

500,000

 

498,775

 

5.96

1.54%, 6/18/2020

 

150,000

 

149,504

 

1.78

1.51%, 7/23/2020

 

500,000

 

497,646

 

5.94

1.52%, 8/13/2020

 

500,000

 

497,195

 

5.94

1.52%, 8/20/2020

 

500,000

 

497,043

 

5.94

1.42%, 8/27/2020

 

300,000

 

298,261

 

3.56

Total Cash Equivalents

 

$

6,633,774

 

79.23

 

 

 

*      Collateral amounted to $2,444,562 on open futures contracts.

See accompanying notes to condensed financial statements.

8

Table of Contents

United States Commodity Index Funds Trust

Condensed Statements of Operations (Unaudited)

For the three months ended March 31, 2020 and 2019

United States Commodity Index Fund

    

Three months ended

    

Three months ended

    

March 31, 2020

March 31, 2019

Income

 

  

 

  

 

Gain (loss) on trading of commodity futures contracts:

 

  

 

  

 

Realized gain (loss) on closed positions

$

(44,966,526)

$

(3,351,005)

Change in unrealized gain (loss) on open positions

 

(8,497,099)

 

18,150,103

Realized gain (loss) on short-term investments

17,668

Dividend income

 

55,469

 

114,031