Attached files
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| 8-K - 2011-0629 USCI FORM 8K - United States Commodity Index Funds Trust | usci8k_2011-0629.htm |
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Exhibit 99.1
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United States Commodity Index Funds Trust
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Monthly Account Statements
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For the Month Ended May 31, 2011
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United States
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Commodity
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Statements of Income (Loss)
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Index Fund
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Total
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Income
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Realized Trading Gain (Loss)
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$ | (14,062,522 | ) | $ | (14,062,522 | ) | ||
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Realized Trading Gain (Loss) on Short-Term Investments
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1,583 | 1,583 | ||||||
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Unrealized Gain (Loss) on Market Value of Futures
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(14,609,811 | ) | (14,609,811 | ) | ||||
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Interest Income
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24,227 | 24,227 | ||||||
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ETF Transaction Fees
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3,000 | 3,000 | ||||||
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Total Income (Loss)
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$ | (28,643,523 | ) | $ | (28,643,523 | ) | ||
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Expenses
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Investment Advisory Fee
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$ | 383,096 | $ | 383,096 | ||||
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Brokerage Commissions
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40,082 | 40,082 | ||||||
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Tax Reporting Fees
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33,976 | 33,976 | ||||||
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Audit Fees
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8,494 | 8,494 | ||||||
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Legal Fees
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5,065 | 5,065 | ||||||
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Prepaid Insurance Expense
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1,278 | 1,278 | ||||||
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Total Expenses
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471,991 | 471,991 | ||||||
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Net Gain (Loss)
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$ | (29,115,514 | ) | $ | (29,115,514 | ) | ||
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Statements of Changes in Net Asset Value
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Net Asset Value Beginning of Period 5/1/11
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$ | 508,835,908 | $ | 508,835,908 | ||||
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Additions
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6,519,518 | 6,519,518 | ||||||
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Withdrawals
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(13,249,443 | ) | (13,249,443 | ) | ||||
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Net Gain (Loss)
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(29,115,514 | ) | (29,115,514 | ) | ||||
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Net Asset Value End of Period
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$ | 472,990,469 | $ | 472,990,469 | ||||
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Net Asset Value Per Unit
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$ | 67.57 | ||||||
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Statements of Changes in Units Outstanding
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Units Outstanding Beginning of Period 5/1/11
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7,100,020 | 7,100,020 | ||||||
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Additions
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100,000 | 100,000 | ||||||
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Withdrawals
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(200,000 | ) | (200,000 | ) | ||||
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Units Outstanding End of Period 5/31/11
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7,000,020 | 7,000,020 | ||||||
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To the Unitholders of United States Commodity Index Fund:
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Pursuant to Rule 4.22(h) under the Commodity Exchange Act, the undersigned represents that,
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to the best of his knowledge and belief, the information contained in the Account Statements for
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the month ended May 31, 2011 is accurate and complete.
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/s/ Howard Mah
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Howard Mah
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Chief Financial Officer
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United States Commodity Funds LLC, Sponsor of United States Commodity Index Funds Trust
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United States Commodity Funds LLC
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1320 Harbor Bay Parkway
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Suite 145
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Alameda, CA 94502
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