Recent news coverage highlights USCI's performance and market activity, including multiple reports of the ETF hitting new 52-week highs in 2025 and 2026, reflecting investor interest and trading momentum.

• USCI has been reported to hit new 52-week highs multiple times in 2025 and 2026, indicating strong market activity and investor interest [N1][N2][N3][N4].
• Market commentary has included USCI in discussions of commodity ETF trends and investment strategies, including recommendations aligned with Goldman Sachs commodity ETFs [N5].
• Analysts have discussed the timing and potential of commodity ETFs like USCI in the context of market conditions and possible commodity price squeezes [N6].

USCI offers diversified exposure to a broad basket of commodities through a transparent, regulated vehicle with daily NAV calculation and exchange listing. Its investment in a dynamic commodity index allows it to capture commodity price movements across multiple sectors, potentially providing diversification benefits relative to traditional equity and fixed income investments. The fund's compliance with regulatory position limits and use of various commodity-related instruments supports its ability to maintain alignment with its benchmark. Recent market interest and multiple new 52-week highs reported in 2025 and 2026 indicate active investor engagement and liquidity.

USCI is exposed to commodity price volatility, geopolitical risks, natural disasters, and macroeconomic factors such as inflation and interest rate changes, which can cause significant fluctuations in NAV and investor returns. Regulatory constraints including position limits and margin requirements may restrict investment flexibility and cause tracking errors relative to the benchmark. The fund's expenses, including management fees and brokerage commissions, reduce net returns. Risks related to investments in government money market funds and counterparty credit risk in OTC swaps also exist. Market competition from other commodity ETFs and investment products may impact investor demand and fund growth.

USCI's moat derives from its established position as a commodity index fund with a clear investment objective tied to the SummerHaven Dynamic Commodity Index. Its diversified exposure to multiple commodity futures contracts across major exchanges provides broad market coverage and risk diversification. The fund benefits from regulatory compliance expertise, operational infrastructure managed by USCF, and the liquidity and transparency afforded by listing on the NYSE Arca. The ability to invest in a wide range of commodity futures and related instruments allows USCI to maintain alignment with its benchmark despite market and regulatory constraints. However, as a commodity index fund, USCI faces competition from other commodity ETFs and investment vehicles, and its performance is inherently linked to commodity market dynamics and regulatory environments.

• Commodity Price Volatility: USCI's NAV and returns are directly affected by fluctuations in commodity futures prices, which can be volatile due to supply-demand imbalances, geopolitical events, and economic cycles.
• Regulatory Constraints: Position limits, accountability levels, and margin requirements imposed by futures exchanges and regulators may limit USCI's ability to fully replicate its benchmark, potentially causing tracking errors.
• Market and Liquidity Risks: Market disruptions, including natural disasters, pandemics, and geopolitical conflicts, can impact commodity prices and the liquidity of futures contracts, affecting USCI's investment value and redemption capabilities.
• Interest Rate and Inflation Risks: Changes in interest rates can affect the value of USCI's cash and Treasury holdings, while inflation can erode the real value of these assets and impact commodity prices.
• Counterparty and Credit Risk: Investments in OTC swaps and government money market funds expose USCI to counterparty credit risk and potential losses if counterparties default or funds lose value.

• United States Commodity Index Funds Trust (USCI) is a commodity index fund listed on NYSE Arca under ticker USCI since August 10, 2010.
• USCI's investment objective is to reflect the daily percentage changes in its shares' net asset value (NAV) to closely track the SummerHaven Dynamic Commodity Index Total Return (SDCI), a diversified commodity index.
• USCI invests primarily in Benchmark Component Futures Contracts comprising the SDCI, traded on major futures exchanges including NYMEX, ICE Futures, CBOT, CME, LME, and COMEX.
• USCI held 5,219 futures contracts across these exchanges as of December 31, 2025, with no breaches of accountability levels or position limits during the fiscal year 2025.
• The fund may also invest in other exchange-traded futures contracts, cash-settled options, forward contracts, cleared swap contracts, and swap contracts based on the Benchmark Component Futures Contracts.
• USCI's NAV is calculated daily after market close using closing prices of futures contracts and other market quotations.
• USCI's per share NAV increased from $66.04 at the end of 2024 to $77.48 at the end of 2025, representing a total return of approximately 17.32% for the year ended December 31, 2025.
• The SDCI index returned approximately 18.75% over the same period, indicating USCI's NAV total return slightly outperformed its benchmark by 0.22%.
• USCI incurs expenses including management fees (0.80% per annum of average daily net assets), brokerage commissions, and other operating expenses, partially offset by interest and dividend income.
• USCI's total income for the year ended December 31, 2025 was approximately $84.8 million, with total expenses of about $2.0 million, resulting in net income of approximately $82.8 million.
• USCI held cash and cash equivalents of approximately $574.6 million as of March 31, 2022, per the latest SEC financial snapshot.
• USCI's shares outstanding were approximately 3.6 million as of December 31, 2025.
• USCI's investment strategy includes managing regulatory constraints such as position limits and accountability levels, and it may use swaps or other instruments to meet its investment objectives if futures contracts are unavailable.
• USCI is subject to risks including commodity price volatility, geopolitical events, natural disasters, interest rate risk, inflation risk, and risks related to investments in government money market funds.
• USCI's sponsor and manager is United States Commodity Funds LLC (USCF), which has exclusive power over the Trust and its series.
• USCI's shares trade on the secondary market, with creation and redemption of shares conducted by Authorized Participants at NAV.
• USCI's liquidity needs are met through proceeds from sale of investments, cash, and Treasuries held, with no borrowings or lines of credit used.
• USCI's daily NAV changes are influenced by market arbitrage opportunities and expenses, causing slight deviations from the SDCI index daily changes.
• USCI's portfolio valuation and fair value measurements follow ASC 820 standards, with most investments classified as Level I fair value.
• USCI's recent news highlights include multiple reports of the ETF hitting new 52-week highs in 2025 and 2026, indicating market interest and trading activity [N1][N2][N3][N4].
• Analysts and market commentators have discussed USCI in the context of commodity ETF trends and investment strategies, including references to Goldman Sachs commodity ETF recommendations and market conditions [N5][N6].