NAV
as of
NAV Change
as of

Overview

Ticker
Intraday Indicative Value CPER.IV
CUSIP
ISIN UUS9117181043
Minimum Trade 1 share
Marginable YES
Options Traded YES
Total Expense Ratio
Trading Increment $0.01
Administrator The Bank of New York Mellon
Distributor ALPS Distributors, Inc.
Sponsor United States Commodity Funds, LLC
Index Provider SummerHaven Index Management
← Swipe to see additional data →

Fund Summary

The United States Copper Index Fund (CPER) is an exchange-traded security. CPER is listed on the NYSE Arca.

The investment objective of CPER is for the daily changes in percentage terms of its shares' per share net asset value (NAV) to reflect the daily changes in percentage terms of the SummerHaven Copper Index Total ReturnSM, less CPER's expenses.

The SummerHaven Copper Index Total ReturnSM (“SCITR”) is an index designed to reflect the performance of the investment returns from a portfolio of copper futures contracts on the COMEX exchange. The SCITR is comprised of either one or three Eligible Copper Futures Contracts that are selected on a monthly basis based on quantitative formulas relating to the prices of the Eligible Copper Futures Contracts developed by SummerHaven Index Management LLC. The SCITR is owned and maintained by SummerHaven Index Management LLC and calculated and published by the NYSE Arca.

The SCITR is rules-based and is rebalanced monthly based on observable price signals. CPER is rebalanced each month to reflect these changes to the index.

The portfolio consists of copper futures contracts and, to a lesser extent, in order to comply with regulatory requirements, risk mitigation measures (including those that may be taken by CPER, CPER's futures commission merchants, counterparties or other market participants), liquidity requirements, or in view of market conditions, other copper-related forwards and swap contracts. These investments will be collateralized by cash, cash equivalents and US government obligations with remaining maturities of two years or less.

Copper is a metal that has global and widespread uses across multiple industries. Copper futures contracts are one of the most actively traded of the metals futures contracts and serve as the single commodity in the SCITR.

Below are the eligible commodities that may comprise the Index on a monthly basis:

CPER

For the month of July, the Benchmark Component Futures Contracts are:

COPPER FUTURE Sep25

COPPER FUTURE Dec25

COPPER FUTURE Mar26

Key Facts

As of
NAV
NAV Change
4PM Bid/Ask Midpoint
Last Trade Price
Premium Discount (%)
Shares Outstanding
Total Net Assets
← Swipe to see additional data →

Performance

As of
← Swipe to see additional data →
← Swipe to see additional data →

The performance data quoted above represents past performance. PAST PERFORMANCE IS NOT INDICATIVE OF FUTURE RESULTS. Investment return and value of the Fund shares will fluctuate so that an investor's shares, when sold, may be worth more or less than their original cost. Performance may be lower or higher than performance data quoted.

The Fund's NAV is calculated by dividing the value of the Fund's total assets less total liabilities by the number of shares outstanding. Share price returns are based on closing prices for the Fund and do not represent the returns an investor would receive if shares were traded at other times.

Beginning with the commodity selection process that commenced 12/31/2020, the SCITR was revised to be comprised of one or three Eligible Copper Futures Contracts, to reduce the number of Futures Contracts that are Eligible Copper Futures Contracts and to make certain other changes as described in CPER’s prospectus.

CPER commenced operations on 11/15/2011.

Growth of $10,000 Investment

This chart shows how a hypothetical investment of $10,000 in the Fund at its inception would have performed versus the performance of the Fund’s benchmark. The values indicate what $10,000 would have grown to over the time period indicated. The hypothetical example does not represent the returns of any particular investment. You cannot invest directly in an index.

This chart shows how a hypothetical investment of $10,000 in the Fund at its inception would have performed versus an investment in the Fund’s benchmark futures contract(s). The values indicate what $10,000 would have grown to over the time period indicated. The hypothetical example does not represent the returns of any particular investment.

The performance data quoted above represents past performance. PAST PERFORMANCE IS NOT INDICATIVE OF FUTURE RESULTS. Investment return and value of the Fund shares will fluctuate so that an investor's shares, when sold, may be worth more or less than their original cost. Performance may be lower or higher than performance data quoted.

Average Daily Returns

The performance data quoted above represents past performance. PAST PERFORMANCE IS NOT INDICATIVE OF FUTURE RESULTS. Investment return and value of the Fund shares will fluctuate so that an investor's shares, when sold, may be worth more or less than their original cost. Performance may be lower or higher than performance data quoted.

Premium/Discount

Premium/Discount Daily Information as of
NAV
4PM Bid/Ask Midpoint
Difference ($)
Premium/Discount (%)

The performance data quoted above represents past performance. PAST PERFORMANCE IS NOT NECESSARILY INDICATIVE OF FUTURE RESULTS. Investment return and value of the Fund shares will fluctuate so that an investor's shares, when sold, may be worth more or less than their original cost. Performance may be lower or higher than performance data quoted.

The above frequency distribution chart presents information about the difference between the daily market price for shares of the Fund and the Fund's reported NAV. The amount that the Fund's market price is above the reported NAV is called the premium. The amount that the Fund's market price is below the reported NAV is called the discount. The market price is determined using the midpoint between the highest bid and the lowest offer on the listing exchange, as of the time that the Fund's NAV is calculated (usually 4:00 pm Eastern time). The vertical axis of the chart shows the premium or discount expressed in basis points. The horizontal axis indicates the number of trading days in the period covered by the chart. Each bar in the chart shows the number of trading days in which the Fund traded within the premium/discount range indicated.

* A basis point is equal to 1/100th of 1%.

Creation & Redemption

Authorized Purchasers pay a $350 fee for each order to create or redeem one or more Creation Baskets or Redemption Baskets consisting of 50,000 units. Authorized Purchasers are not required to sell any specific number or dollar amount of shares. The per share price of shares offered in Creation Baskets on any day after the effective date of the registration statement is the total NAV of CPER calculated as of the close of the core trading session on the NYSE Arca on that day divided by the number of issued and outstanding shares.

CPER receives or pays the proceeds from shares sold or redeemed within three business days after the trade date of the purchase or redemption. The amounts due from Authorized Purchasers are reflected in CPER's condensed statement of financial condition as receivable for shares sold, and amounts payable to Authorized Purchasers upon redemption are reflected as payable for shares redeemed.

cont
Back to Top