Overview
| Ticker | |
|---|---|
| Intraday Indicative Value | USCI.IV |
| CUSIP | |
| ISIN | US9117171069 |
| Minimum Trade | 1 share |
| Marginable | YES |
| Options Traded | NO |
| 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 |
| SDCITR Value |
Fund Summary
The United States Commodity Index Fund® (USCI) is an exchange-traded security. USCI is designed to be a convenient, cost-effective way for investors to access the returns of a portfolio of commodity futures contracts. USCI is listed on NYSE Arca.
The investment objective of USCI 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 Dynamic Commodity Index Total ReturnSM (the SDCITR), less USCI's expenses.
The SummerHaven Dynamic Commodity Index Total ReturnSM is an index designed to reflect the performance of a portfolio of 14 commodity futures. The index is reformulated each month from 27 possible futures contracts. The 14 selected contracts are equally weighted and represent five sectors: petroleum (e.g., crude oil, heating oil, etc.), precious metals (e.g., gold, silver, platinum), industrial metals (e.g., zinc, nickel, aluminum, copper, etc.), grains (e.g., wheat, corn, soybeans, etc.), and non-primary sector (e.g., sugar, cotton, coffee, cocoa, natural gas, live cattle, lean hogs, feeder cattle). The SDCITR is owned and maintained by SummerHaven Index Management LLC and calculated and published by the NYSE Arca.
The SDCITRSM is rules-based and is rebalanced monthly based on observable price signals. USCI is rebalanced each month to reflect these changes to the index.
The portfolio consists of futures contracts and, to a lesser extent, in order to comply with regulatory requirements, risk mitigation measures (including those that may be taken by USCI, USCI's futures commission merchants, counterparties or other market participants), liquidity requirements, or in view of market conditions, other commodity-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.
Below are the eligible commodities that may comprise the Index on a monthly basis:
Crude Oil (Brent)
Heating Oil
Feeder Cattle
Bean Oil
Soybean Meal
Copper
Tin
Platinum
Coffee
Crude Oil (WTI)
Natural Gas
Lean Hogs
Corn
Wheat
Lead
Zinc
Silver
Cotton
Gasoil
Unleaded Gasoline
Live Cattle
Soybeans
Aluminum
Nickel
Gold
Cocoa
Sugar
For the month of February, the Benchmark Component Futures Contracts are:
WTI CRUDE FUTURE Apr26
BRENT CRUDE FUTR May26
Low Su Gasoil G May26
NY Harb ULSD Fut Apr26
NATURAL GAS FUTR Apr26
CATTLE FEEDER FUT Mar26
SOYBEAN OIL FUTR May26
LME PRI ALUM FUTR Jun26
COPPER FUTURE May26
LME TIN FUTURE Mar26
LME ZINC FUTURE Jun26
SILVER FUTURE May26
COFFEE 'C' FUTURE May26
SUGAR #11 (WORLD) May26
Key Facts
| NAV | |
|---|---|
| NAV Change | |
| 4PM Bid/Ask Midpoint | |
| Last Trade Price |
| Premium Discount (%) | |
|---|---|
| Shares Outstanding | |
| Total Net Assets |
Performance
Historical NAV Performance download is not available at this time.
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 12/24/2020, the SDCITR was revised to consolidate the six commodity sectors that comprised the index into the five sectors as described above and to make certain other changes as described in USCI's prospectus.
† USCI commenced operations on 08/10/2010.
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.
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 shares. 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 USCI 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.
USCI 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 USCI'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.
© 2026 Morningstar, Inc. All Rights Reserved. The information contained herein: (1) is proprietary to Morningstar; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Past performance is no guarantee of future results.
The Morningstar Rating™ for funds, or "star rating", is calculated for managed products (including mutual funds, variable annuity and variable life subaccounts, exchange-traded funds, closed-end funds, and separate accounts) with at least a three-year history. Exchange-traded funds and open-ended mutual funds are considered a single population for comparative purposes. It is calculated based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a managed product's monthly excess performance, placing more emphasis on downward variations and rewarding consistent performance. The Morningstar Rating does not include any adjustment for sales loads. The top 10% of products in each product category receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars, and the bottom 10% receive 1 star. The Overall Morningstar Rating for a managed product is derived from a weighted average of the performance figures associated with its three-, five-, and 10-year (if applicable) Morningstar Rating metrics. The weights are: 100% three-year rating for 36-59 months of total returns, 60% five-year rating/40% three-year rating for 60-119 months of total returns, and 50% 10-year rating/30% five-year rating/20% three-year rating for 120 or more months of total returns. While the 10-year overall star rating formula seems to give the most weight to the 10-year period, the most recent three-year period actually has the greatest impact because it is included in all three rating periods.
