8-K: Commodity Funds Trust Reports May 2026 Performance

United States Commodity Index Funds Trust released its monthly account statements for May 2026, detailing performance for USCI and CPER.

Summary

• The United States Commodity Index Funds Trust has issued its monthly account statements for the month ending May 31, 2026, for its series, the United States Commodity Index Fund (USCI) and the United States Copper Index Fund (CPER).
• USCI reported a net loss of $(7,779,536) for May 2026, primarily driven by an unrealized loss on commodity futures of $(12,135,759), partially offset by realized trading gains and dividend/interest income.
• CPER reported a net income of $48,367,916 for May 2026, significantly boosted by an unrealized gain on commodity futures of $44,382,760.
• The total net asset value for USCI decreased to $371,240,829 from $378,899,982 at the beginning of the month.
• The total net asset value for CPER increased to $812,064,180 from $700,526,921 at the beginning of the month.
• The filing includes statements of income (loss) and changes in net asset value for both funds.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral score, as the filing presents mixed results with significant gains in CPER offset by losses in USCI, reflecting the inherent volatility of commodity markets.

Positives

• United States Copper Index Fund (CPER) reported a substantial net income of $48,367,916 for May 2026.
• CPER experienced a significant unrealized gain on commodity futures of $44,382,760.
• CPER's net asset value increased by over $111 million during May 2026, reaching $812,064,180.
• USCI realized a trading gain of $3,539,263 on commodity futures.
• Both funds benefited from dividend and interest income during the month.

Negatives

• United States Commodity Index Fund (USCI) reported a net loss of $(7,779,536) for May 2026.
• USCI experienced a substantial unrealized loss on commodity futures of $(12,135,759).
• USCI's net asset value decreased by approximately $7.66 million during May 2026, ending at $371,240,829.

Risks

• Unrealized gains and losses on commodity futures can lead to significant volatility in fund performance.
• Market fluctuations in commodity prices pose a risk to the value of the underlying investments.

Future Outlook

This filing consists of monthly account statements and does not contain specific forward-looking statements or guidance beyond the reported period's performance.

Management Comments

• To the best of his knowledge and belief, the information contained in the Account Statement for the month ended May 31, 2026 is accurate and complete.

Industry Context

StockSavvy.ai notes that commodity index funds are highly sensitive to market volatility, as demonstrated by the divergent performance between USCI and CPER in May 2026. The significant unrealized gains and losses highlight the inherent risks and potential rewards associated with commodity futures trading.

Stakeholder Impact

• Shareholders of USCI experienced a decrease in their investment value for May 2026.
• Shareholders of CPER experienced a significant increase in their investment value for May 2026.
• The sponsor, United States Commodity Funds LLC, manages the fees and operations for both funds.

Next Steps

• The Registrant will continue to issue monthly account statements for its series as required.
• Shareholders can find the monthly account statements on the USCIs and CPERs website at www.uscfinvestments.com.

Key Dates

Keywords

Commodity Index Fund, Copper Index Fund, USCI, CPER, SEC Filing, 8-K, Monthly Account Statement, Commodity Futures, Net Asset Value, Income Statement, Loss Statement