United States Commodity Index Funds Trust Files 10-Q
Ticker: CPER · Form: 10-Q · Filed: Aug 8, 2024 · CIK: 1479247
Sentiment: neutral
Topics: 10-Q, financials, commodity-futures, crypto-assets
TL;DR
**USCI 10-Q filed: Financials updated for Q2 2024. Check commodity futures performance.**
AI Summary
United States Commodity Index Funds Trust filed a 10-Q for the period ending June 30, 2024. The filing details the company's financial performance and position, including information on commodity futures contracts. The company is based in Walnut Creek, CA, and its fiscal year ends on December 31.
Why It Matters
This filing provides investors with an update on the financial health and operational status of the United States Commodity Index Funds Trust, crucial for understanding its performance in the commodity markets.
Risk Assessment
Risk Level: low — This is a standard quarterly financial filing (10-Q) with no immediately apparent unusual or high-risk disclosures.
Key Numbers
- 20240630 — Period End Date (The end date of the reporting period for this 10-Q filing.)
- 1231 — Fiscal Year End (Indicates the end of the company's fiscal year.)
Key Players & Entities
- United States Commodity Index Funds Trust (company) — Filer of the 10-Q
- 0001479247 (company) — Central Index Key for the filer
- Walnut Creek, CA (location) — Business and mailing address city and state
- 20240630 (date) — Period of report for the 10-Q
FAQ
What is the primary business of United States Commodity Index Funds Trust?
The filing indicates the company's SIC code is [6221], suggesting it is involved in the commodity index funds sector, and mentions '09 Crypto Assets' and 'Commodity Futures Contracts'.
When was this 10-Q filing submitted and for what period?
The filing was submitted on 20240808 and covers the period ending 20240630.
Where is the company located?
The company's business and mailing address is 1850 MT. DIABLO BLVD., SUITE 640, WALNUT CREEK, CA 94596.
What is the SEC file number for this entity?
The SEC file number is 001-34833.
Does the filing mention any specific financial instruments or assets?
Yes, the filing includes references to 'Unrealized Gain Loss On Open Commodity Futures Contracts' and 'Futures Contracts'.
Filing Stats: 4,282 words · 17 min read · ~14 pages · Grade level 8.8 · Accepted 2024-08-08 16:32:19
Filing Documents
- usci-20240630x10q.htm (10-Q) — 2895KB
- usci-20240630xex31d1.htm (EX-31.1) — 13KB
- usci-20240630xex31d2.htm (EX-31.2) — 13KB
- usci-20240630xex32d1.htm (EX-32.1) — 7KB
- usci-20240630xex32d2.htm (EX-32.2) — 7KB
- usci-20240630x10q016.jpg (GRAPHIC) — 59KB
- usci-20240630x10q017.jpg (GRAPHIC) — 55KB
- usci-20240630x10q018.jpg (GRAPHIC) — 60KB
- usci-20240630x10q019.jpg (GRAPHIC) — 58KB
- usci-20240630x10q020.jpg (GRAPHIC) — 29KB
- usci-20240630x10q022.jpg (GRAPHIC) — 44KB
- usci-20240630x10q025.jpg (GRAPHIC) — 75KB
- usci-20240630x10q027.jpg (GRAPHIC) — 70KB
- usci-20240630x10q029.jpg (GRAPHIC) — 24KB
- usci-20240630x10q031.jpg (GRAPHIC) — 45KB
- usci-20240630x10q034.jpg (GRAPHIC) — 66KB
- usci-20240630x10q036.jpg (GRAPHIC) — 69KB
- 0001410578-24-001235.txt ( ) — 9922KB
- usci-20240630.xsd (EX-101.SCH) — 60KB
- usci-20240630_cal.xml (EX-101.CAL) — 25KB
- usci-20240630_def.xml (EX-101.DEF) — 225KB
- usci-20240630_lab.xml (EX-101.LAB) — 344KB
- usci-20240630_pre.xml (EX-101.PRE) — 280KB
- usci-20240630x10q_htm.xml (XML) — 1531KB
FINANCIAL INFORMATION
Part I. FINANCIAL INFORMATION Page
Condensed Financial Statements
Item 1. Condensed Financial Statements. 1
Management's Discussion and Analysis of Financial Condition and Results of Operations
Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations. 34
Quantitative and Qualitative Disclosures About Market Risk
Item 3. Quantitative and Qualitative Disclosures About Market Risk. 73
Controls and Procedures
Item 4. Controls and Procedures. 74
OTHER INFORMATION
Part II. OTHER INFORMATION
Legal Proceedings
Item 1. Legal Proceedings. 75
Risk Factors
Item 1A. Risk Factors. 78
Unregistered Sales of Equity Securities and Use of Proceeds
Item 2. Unregistered Sales of Equity Securities and Use of Proceeds. 78
Defaults Upon Senior Securities
Item 3. Defaults Upon Senior Securities. 79
Mine Safety Disclosures
Item 4. Mine Safety Disclosures. 79
Other Information
Item 5. Other Information. 79
Exhibits
Item 6. Exhibits. 80 Table of Contents
FINANCIAL INFORMATION
Part I. FINANCIAL INFORMATION
Condensed Financial Statements
Item 1. Condensed Financial Statements. Index to Condensed Financial Statements Documents Page Condensed Statements of Financial Condition at June 30, 2024 (Unaudited) and December 31, 2023 2 - 4 Condensed Schedules of Investments (Unaudited) at June 30, 2024 and December 31, 2023 5 - 9 Condensed Statements of Operations (Unaudited) for the three and six months ended June 30, 2024 and 2023 11 - 13 Condensed Statements of Changes in Capital (Unaudited) for the three and six months ended June 30, 2024 and 2023 14 - 16 Condensed Statements of Cash Flows (Unaudited) for the six months ended June 30, 2024 and 2023 17 - 19 Notes to Condensed Financial Statements (Unaudited) for the period ended June 30, 2024 20 - 33 1 Table of Contents United States Commodity Index Funds Trust Condensed Statements of Financial Condition At June 30, 2024 (Unaudited) and December 31, 2023 United States Commodity Index Fund June 30, 2024 December 31, 2023 Assets Cash and cash equivalents (at cost $ 170,014,778 and $ 159,067,804 , respectively) (Notes 2 and 6) $ 170,014,778 $ 159,067,804 Equity in trading accounts: Cash and cash equivalents (at cost $ 16,249,999 and $ 13,041,505 , respectively) 16,249,999 13,041,505 Unrealized gain (loss) on open commodity futures contracts ( 2,643,819 ) ( 3,305,080 ) Dividends receivable 291,740 268,784 Interest receivable 191,178 333,401 Prepaid insurance 22,077 14,764 Total Assets $ 184,125,953 $ 169,421,178 Liabilities and Capital Management fees payable (Note 4) $ 120,320 $ 121,486 Professional fees payable 106,539 264,875 Brokerage commissions payable 3,955 3,955 Directors' fees payable 5,000 4,294 Total Liabilities 235,814 394,610 Commitments and Contingencies (Notes 4, 5 & 6) Capital Sponsor — — Shareholders 183,890,139 169,026,568 Total Capital 183,890,139 169,026,568 Total Liabilities and Capital $ 184,125,953 $