United States Commodity Index Funds Trust
United States Commodity Index Funds Trust is a Delaware statutory trust that sponsors exchange-traded commodity pool series, including the United States Commodity Index Fund (USCI) and the United States Copper Index Fund (CPER). Its series issue shares on NYSE Arca and seek to provide commodity exposure through futures contracts and related commodity-linked investments.
Tilikausi 2021 · muutos edellisvuodesta
Kehitys 2016–2021
Liiketoiminta
Osuus liikevaihdostaExchange-traded commodity pool shares designed to track a commodity index or metal exposure.
Futures contracts used to obtain and maintain the funds' target commodity exposure.
Other commodity-linked instruments used when needed for liquidity, pricing, or regulatory reasons.
Asiakkaat
The Trust’s investors are market participants seeking listed commodity exposure without directly holding physical commodities or managing futures accounts. Its shares are used by retail and institutional investors, as well as traders and hedgers who want exposure to broad commodities or copper through an exchange-traded vehicle.
Buy listed shares for simple access to commodity exposure through a brokerage account.
Use the funds for portfolio diversification, tactical allocation, or risk management.
Use the shares to express short- or medium-term views on commodities or copper.
Strategia
The Trust’s core strategy is to maintain futures-based exposure that closely tracks its benchmark indices while using related commodity investments when needed for liquidity, pricing, or regulatory reasons. It also relies on service providers, clearing brokers, and exchange infrastructure to operate an exchange-traded commodity product with daily NAV tracking.
The product value proposition depends on closely following the target commodity index.
The Trust needs reliable clearing, custody, and execution to hold and roll positions.
Commodity pools and exchange-traded funds face position limits, disclosure, and trading rules.
Maantiede
The Trust is organized in Delaware and maintains its main business offices in Walnut Creek, California. Its shares trade on NYSE Arca in the United States, while the underlying futures exposure can include U.S. and, at times, non-U.S. commodity markets depending on contract availability and market conditions.
Riskit
The Trust is exposed to commodity price volatility, tracking error, and correlation risk because its shares are designed to follow futures-based benchmarks rather than hold physical commodities. It also faces regulatory, counterparty, liquidity, and cybersecurity risks tied to futures exchanges, clearing brokers, service providers, and the broader commodity market infrastructure.
- Commodity price volatilityVaikutus: KorkeaTodennäköisyys: Kohtalainen
The Trust's NAV is directly linked to futures and commodity-related asset values.
Kohdistuu: USCI and CPER shareholders
- Tracking error and correlation riskVaikutus: KorkeaTodennäköisyys: Kohtalainen
The funds seek to approximate benchmark returns, not eliminate basis and roll effects.
Kohdistuu: Benchmark-tracking investors
- Counterparty and clearing riskVaikutus: KeskitasoTodennäköisyys: Matala
Futures, swaps, and collateral arrangements depend on brokers, clearing firms, and custodians.
Kohdistuu - Cybersecurity and service-provider disruptionVaikutus: KeskitasoTodennäköisyys: Matala
Operational continuity depends on external administrators, market makers, and exchanges.
Kohdistuu - Position limits and market access constraintsVaikutus: Keskitaso
Exchange and regulatory limits can inhibit investment in benchmark component contracts.
Kohdistuu: Futures positions in benchmark commodities
Kirjanpito
Harkinnanvaraiset erätThese instruments are marked to market and can move reported NAV materially each day.
Vaikutus: Daily valuation changes flow through the Trust's financial statements.
Cash and cash equivalents are accrued using prevailing rates before actual receipt.
Vaikutus: Small timing differences can affect periodic income recognition.
The Trust posts margin and collateral to support futures and swap positions.
Vaikutus: Affects liquidity, asset composition, and balance sheet presentation.
Samankaltaisia listattuja yhtiöitä
Julkisesti listattuja yhtiöitä, joilla on samankaltainen liiketoiminta.
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Päivitetty: 24.9.2026