Fund Details

The United States Commodity Index Fund® (USCI) is an exchange-traded security. USCI’s investment objective is for the daily changes in percentage terms of its shares’ net asset value (“NAV”) to reflect the daily changes in percentage terms of the SummerHaven Dynamic Commodity Index Total ReturnSM (the “SDCITR”), less USCI’s expenses. USCI is designed to be a convenient, cost-effective way for investors to access the returns of a portfolio of commodity futures contracts. USCI is listed on NYSE Arca.

SummerHaven Dynamic Commodity Index Total ReturnSM

The SummerHaven Dynamic Commodity Index Total ReturnSM is an index designed to reflect the performance of a portfolio of 14 commodity futures. The index is reformulated each month from 27 possible futures contracts. The 14 selected contracts are equally weighted and represent five sectors: petroleum (e.g., crude oil, heating oil, etc.), precious metals (e.g., gold, silver, platinum), industrial metals (e.g., zinc, nickel, aluminum, copper, etc.), grains (e.g., wheat, corn, soybeans, etc.), and non-primary sector (e.g., sugar, cotton, coffee, cocoa, natural gas, live cattle, lean hogs, feeder cattle). The SDCITR is owned and maintained by SummerHaven Index Management LLC and calculated and published by the NYSE Arca.

Beginning with the commodity selection process that commenced 12/24/2020, the SDCITR was revised to consolidate the six commodity sectors that comprised the index into the five sectors as described above and to make certain other changes as described in USCIs prospectus.

The SDCITRSM is rules-based and rebalanced monthly based on observable price signals. USCI is rebalanced monthly to reflect these changes to the index.

USCIs Objective

The investment objective of USCI is for the daily changes in percentage terms of its shares per share NAV to reflect the daily changes in percentage terms of the SDCITR, less USCI’s expenses.

USCIs Portfolio

The portfolio consists of listed futures contracts and other commodity-related investments and may consist of forwards and swap contracts. These investments will be collateralized by cash, cash equivalents and US government obligations with remaining maturities of two years or less.

Below are the eligible commodities that may comprise the Index on a monthly basis:

Crude Oil (Brent) Crude Oil (WTI) Gasoil
Heating Oil Natural Gas Unleaded Gasoline
Feeder Cattle Lean Hogs Live Cattle
Bean Oil Corn Soybeans
Soybean Meal Wheat Aluminum
Copper Lead Nickel
Tin Zinc Gold
Platinum Silver Cocoa
Coffee Cotton Sugar

For the month of July, the Benchmark Component Futures Contracts are:

Crude Oil (BRENT) DEC21Soybeans SEP21Gold OCT21
Crude Oil (WTI) DEC21Soybean Meal OCT21Silver SEP21
Unleaded Gasoline (RBOB) NOV21Copper SEP21Lean Hogs AUG21
Soybean Oil SEP21Nickel AUG21Live Cattle AUG21
Corn SEP21Tin JUL21
USCIs Fund Benefits
  • USCI permits commodity exposure without using a commodity futures account.
  • USCI offers the convenience of an exchange-traded security (NYSE Arca).
  • USCI provides order flexibility, including market, limit, stop, stop limit and Good-Til-Cancelled (GTC) orders.
  • USCI provides market price, NAV and portfolio holdings on a daily basis.
Ticker USCI
Intraday Indicative Value USCI.IV
CUSIP 911717106
ISIN US9117171069
Minimum Trade 1 share
Marginable YES
Options Traded NO
Management Fee1
Total Expense Ratio
Trading Increment $0.01
Administrator The Bank of New York Mellon
Distributor ALPS Distributors, Inc.
Sponsor United States Commodity Funds, LLC
Index Provider SummerHaven Index Management

1 Permanent management fee as of January 1, 2016.

Historical NAV

The performance data quoted above represents past performance. PAST PERFORMANCE IS NOT INDICATIVE OF FUTURE RESULTS. Investment return and value of the Fund shares will fluctuate so that an investors shares, when sold, may be worth more or less than their original cost. Performance may be lower or higher than performance data quoted.

Index Facts as of SummerHaven Dynamic Commodity Index Value
Performance

< Swipe table for more info >

The performance data quoted above represents past performance. PAST PERFORMANCE IS NOT INDICATIVE OF FUTURE RESULTS. Investment return and value of the Fund shares will fluctuate so that an investors shares, when sold, may be worth more or less than their original cost. Performance may be lower or higher than performance data quoted.

The Funds NAV is calculated by dividing the value of the Funds total assets less total liabilities by the number of shares outstanding. Share price returns are based on closing prices for the Fund and do not represent the returns an investor would receive if shares were traded at other times.

Beginning with the commodity selection process that commenced 12/24/2020, the SDCITR was revised to consolidate the six commodity sectors that comprised the index into the five sectors as described above and to make certain other changes as described in USCI’s prospectus.

USCI commenced operations on 08/10/2010

Growth of $10,000 Investment

This chart shows how a hypothetical investment of $10,000 in the Fund at its inception would have performed versus an investment in the Fund’s benchmark futures contract(s). The values indicate what $10,000 would have grown to over the time period indicated. The hypothetical example does not represent the returns of any particular investment.

The performance data quoted above represents past performance. PAST PERFORMANCE IS NOT INDICATIVE OF FUTURE RESULTS. Investment return and value of the Fund shares will fluctuate so that an investors shares, when sold, may be worth more or less than their original cost. Performance may be lower or higher than performance data quoted.

Average Daily Returns

The performance data quoted above represents past performance. PAST PERFORMANCE IS NOT INDICATIVE OF FUTURE RESULTS. Investment return and value of the Fund shares will fluctuate so that an investors shares, when sold, may be worth more or less than their original cost. Performance may be lower or higher than performance data quoted.

Premium / Discount
Premium/Discount Daily Information as of
NAV
4PM Bid/Ask Midpoint
Difference ($)
Premium/Discount (%)

The performance data quoted above represents past performance. PAST PERFORMANCE IS NOT INDICATIVE OF FUTURE RESULTS. Investment return and value of the Fund shares will fluctuate so that an investors shares, when sold, may be worth more or less than their original cost. Performance may be lower or higher than performance data quoted.

The above frequency distribution chart presents information about the difference between the daily market price for shares of the Fund and the Funds reported NAV. The amount that the Funds market price is above the reported NAV is called the premium. The amount that the Funds market price is below the reported NAV is called the discount. The market price is determined using the midpoint between the highest bid and the lowest offer on the listing exchange, as of the time that the Funds NAV is calculated (usually 4:00 pm Eastern time). The vertical axis of the chart shows the premium or discount expressed in basis points. The horizontal axis indicates the number of trading days in the period covered by the chart. Each bar in the chart shows the number of trading days in which the Fund traded within the premium/discount range indicated.

* A basis point is equal to 1/100th of 1%.

Creation & Redemption Process

Authorized Purchasers pay a $350 fee for each order to create or redeem one or more Creation Baskets or Redemption Baskets consisting of 50,000 shares. Authorized Purchasers are not required to sell any specific number or dollar amount of shares. The per shareprice of shares offered in Creation Baskets on any day after the effective date of the registration statement is the total NAV of USCI calculated as of the close of the core trading session on the NYSE Arca on that day divided by the number of issued and outstanding shares.

USCI receives or pays the proceeds from shares sold or redeemed within three business days after the trade date of the purchase or redemption. The amounts due from Authorized Purchasers are reflected in USCIs condensed statement of financial condition as receivable for shares sold, and amounts payable to Authorized Purchasers upon redemption are reflected as payable for shares redeemed.

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Jaquelinee Wrate
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Mon - Fri, 9:00-15:00

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