United States Commodity Index Overview

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.

USCI’s Objective

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 Return^SM (the SDCITR), less USCI’s expenses.

SummerHaven Dynamic Commodity Index Total Return^SM

The SummerHaven Dynamic Commodity Index Total Return^SM 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 SDCITR^SM is rules-based and is rebalanced monthly based on observable price signals. USCI is rebalanced each month to reflect these changes to the index.

USCI’s Portfolio

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)	Crude Oil (WTI)	Gasoil
Heating Oil	Natural Gas	Unleaded Gasoline
Feeder Cattle	Lean Hogs	Live Cattle
Bean Oil	Corn	Soybeans
Soybean Meal	Wheat	Aluminum
Copper	Lead	Nickel
Tin	Zinc	Gold
Platinum	Silver	Cocoa
Coffee	Cotton	Sugar

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

SOYBEAN OIL FUTR DEC24	COPPER FUTURE DEC24	Low Su Gasoil G DEC24
COCOA FUTURE DEC24	COFFEE 'C' FUTURE DEC24	SUGAR #11 (WORLD) MAY25
WTI CRUDE FUTURE DEC24	LME PRI ALUM FUTR NOV24	SILVER FUTURE DEC24
BRENT CRUDE FUTR JAN25	LEAN HOGS FUTURE DEC24	GASOLINE RBOB FUT DEC24
CATTLE FEEDER FUT NOV24	LME TIN FUTURE NOV24

Reasons to Consider USCI

• USCI permits commodity exposure without using a commodity futures account.
• USCI offers the convenience of an exchange-traded security (NYSE Arca).
• USCI provides order flexibility, including market, limit, stop, stop limit and Good-Til-Cancelled (GTC) orders.
• USCI provides market price, NAV and portfolio holdings on a daily basis.

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.

Index Facts as of

SummerHaven Dynamic Commodity Index Value

Performance

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 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%.