Attached files
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| 8-K - 2012-0331 USCIFT FORM 8K - United States Commodity Index Funds Trust | uscift8k_2012-0331.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 March 31, 2012
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United States
Commodity |
United States
Copper |
United States
Commodity Index |
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Statements of Income (Loss)
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Index Fund
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Index Fund
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Funds Trust
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Income
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Realized Trading Gain (Loss) on Futures
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$ | (8,469,902 | ) | $ | - | $ | (8,469,902 | ) | |||||
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Unrealized Gain (Loss) on Market Value of Futures
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(5,911,052 | ) | (38,325 | ) | (5,949,377 | ) | |||||||
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Unrealized Gain (Loss) on Market Value of Short-Term Investments
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(3 | ) | - | (3 | ) | ||||||||
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Interest Income
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15,509 | 105 | 15,614 | ||||||||||
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ETF Transaction Fees
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2,100 | - | 2,100 | ||||||||||
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Total Income (Loss)
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$ | (14,363,348 | ) | $ | (38,220 | ) | $ | (14,401,568 | ) | ||||
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Expenses
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Investment Advisory Fees
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$ | 331,158 | $ | 2,193 | $ | 333,351 | |||||||
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Brokerage Commissions
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37,670 | - | 37,670 | ||||||||||
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Tax Reporting Fees
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35,838 | - | 35,838 | ||||||||||
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Audit Fees
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8,494 | - | 8,494 | ||||||||||
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Non-interested Directors' Fees and Expenses
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3,470 | 23 | 3,493 | ||||||||||
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Prepaid Insurance Expense
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2,173 | 15 | 2,188 | ||||||||||
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Tax Fees
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800 | - | 800 | ||||||||||
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Other Expenses
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- | 7,219 | 7,219 | ||||||||||
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Total Expenses
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419,603 | 9,450 | 429,053 | ||||||||||
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Expense Waiver
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- | (6,873 | ) | (6,873 | ) | ||||||||
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Net Expenses
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$ | 419,603 | $ | 2,577 | $ | 422,180 | |||||||
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Net Income (Loss)
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$ | (14,782,951 | ) | $ | (40,797 | ) | $ | (14,823,748 | ) | ||||
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Statements of Changes in Net Asset Value
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Net Asset Value Beginning of Month 3/1/12
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$ | 400,205,578 | $ | 2,748,848 | $ | 402,954,426 | |||||||
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Additions
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37,563,958 | - | 37,563,958 | ||||||||||
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Net Income (Loss)
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(14,782,951 | ) | (40,797 | ) | (14,823,748 | ) | |||||||
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Net Asset Value End of Month
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$ | 422,986,585 | $ | 2,708,051 | $ | 425,694,636 | |||||||
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Net Asset Value Per Unit
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$ | 61.30 | $ | 27.08 | |||||||||
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Statements of Changes in Units Outstanding
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Units Outstanding Beginning of Month 3/1/12
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6,300,000 | 100,000 | 6,400,000 | ||||||||||
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Additions
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600,000 | - | 600,000 | ||||||||||
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Units Outstanding End of Month
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6,900,000 | 100,000 | 7,000,000 | ||||||||||
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To the Unitholders of United States Commodity Index Funds Trust:
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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 March 31, 2012 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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