1 unchanged sentence
Index to Financial Statements
−Removed: Statements of Financial Condition at March 31,2025 (Unaudited) and December 31, 2024
−Removed: Schedules of Investments March 31, 2025 (Unaudited) and December 31, 2024
−Removed: Statements of Operations (Unaudited) for the three months ended March 31, 2025 and 2024
−Removed: Statements of Changes in Capital (Unaudited) for the three months ended March 31, 2025 and 2024
−Removed: Statements of Cash Flows (Unaudited) for the three months ended March 31, 2025 and 2024
−Removed: Notes to Financial Statements (Unaudited) for the period ended March 31, 2025
+Added: Statements of Financial Condition at June 30, 2025 (Unaudited) and December 31, 2024
+Added: Schedules of Investments June 30, 2025 (Unaudited) and December 31, 2024
+Added: Statements of Operations (Unaudited) for the three and six months ended June 30, 2025 and 2024
+Added: Statements of Changes in Capital (Unaudited) for the three and six months ended June 30, 2025 and 2024
+Added: Statements of Cash Flows (Unaudited) for the six months ended June 30, 2025 and 2024
+Added: Notes to Financial Statements (Unaudited) for the period ended June 30, 2025
United States Commodity Index Funds Trust
Statements of Financial Condition
−Removed: At March 31, 2025 (Unaudited) and December 31, 2024
+Added: At June 30, 2025 (Unaudited) and December 31, 2024
United States Commodity Index Fund
−Removed: March 31, 2025
+Added: June 30, 2025
December 31, 2024
18 unchanged sentences
Market value per share
+Added: (a) A portion of this amount is designated to meet daily Futures Commission Merchants’ margin requirements.
See accompanying notes to financial statements.
1 unchanged sentence
Statements of Financial Condition
−Removed: At March 31, 2025 (Unaudited) and December 31, 2024
+Added: At June 30, 2025 (Unaudited) and December 31, 2024
United States Copper Index Fund
−Removed: March 31, 2025
+Added: June 30, 2025
December 31, 2024
7 unchanged sentences
Prepaid insurance
−Removed: ETF transaction fees receivable
Liabilities and Capital
−Removed: Payable due to Broker
−Removed: Payable for shares redeemed
Management fees payable (Note 4)
12 unchanged sentences
Statements of Financial Condition
−Removed: At March 31, 2025 (Unaudited) and December 31, 2024
+Added: At June 30, 2025 (Unaudited) and December 31, 2024
United States Commodity Index Funds Trust
−Removed: March 31, 2025
+Added: June 30, 2025
December 31, 2024
7 unchanged sentences
Prepaid insurance
−Removed: ETF transaction fees receivable
Liabilities and Capital
−Removed: Payable due to Broker
−Removed: Payable for shares redeemed
Management fees payable (Note 4)
11 unchanged sentences
Schedule of Investments (Unaudited)
−Removed: At March 31, 2025
+Added: At June 30, 2025
United States Commodity Index Fund
3 unchanged sentences
Notional Amount
−Removed: Open Commodity Futures Contracts - Long
−Removed: United States Contracts
−Removed: CME Cattle Feeder Futures FC May 2025 contracts, expiring May 2025
−Removed: NYMEX NY Harbour ULSD Futures HO June 2025 contracts, expiring May 2025
−Removed: COMEX Gold 100 OZ Futures GC June 2025 contracts, expiring June 2025
−Removed: CME Live Cattle Futures LC June 2025 contracts, expiring June 2025
−Removed: ICE Sugar #11 Futures SB July 2025 contracts, expiring June 2025
−Removed: CBOT Soybean Meal Futures SM July 2025 contracts, expiring July 2025
−Removed: ICE Cocoa Futures CC July 2025 contracts, expiring July 2025
−Removed: ICE Coffee Futures KC July 2025 contracts, expiring July 2025
−Removed: COMEX Copper Futures HG July 2025 contracts, expiring July 2025
+Added: Open Commodity Futures Contracts - Long United States Contracts
+Added: CME Lean Hogs LH August 2025 contracts, expiring August 2025
+Added: CME Cattle Feeder Futures FC August 2025 contracts, expiring August 2025
+Added: NYMEX NY Harbour ULSD Futures HO September 2025 contracts, expiring August 2025
+Added: CME Live Cattle Futures LC August 2025 contracts, expiring August 2025
NYMEX RBOB Gasoline Futures RB September 2025 contracts, expiring August 2025
+Added: CBOT Corn Futures C September 2025 contracts, expiring September 2025
+Added: ICE Cocoa Futures CC September 2025 contracts, expiring September 2025
+Added: ICE Coffee Futures KC September 2025 contracts, expiring September 2025
+Added: ( 2,257,256 )
NYMEX WTI Crude Oil Futures CL November 2025 contracts, expiring October 2025
+Added: NYMEX Platinum Futures PL October 2025 contracts, expiring October 2025
United Kingdom Contracts
−Removed: ICE Brent Crude Futures CO July 2025 contracts, expiring May 2025
−Removed: ICE Low Sulphur Gasoil Futures QS June 2025 contracts, expiring June 2025
−Removed: Foreign Contracts
−Removed: LME Aluminum Futures LA April 2025 contracts, expiring April 2025 *
−Removed: ( 1,138,936 )
−Removed: LME Tin Futures LT April 2025 contracts, expiring April 2025 *
−Removed: LME Tin Futures LT May 2025 contracts, expiring May 2025 *
−Removed: Open Commodity Futures Contracts - Short **
+Added: ICE Low Sulphur Gasoil Futures QS August 2025 contracts, expiring August 2025
+Added: ICE Brent Crude Futures CO October 2025 contracts, expiring August 2025
Foreign Contracts
−Removed: LME Aluminum Futures LA April 2025 contracts, expiring April 2025 *
+Added: LME Aluminum Futures LA July 2025 contracts, expiring July 2025*
+Added: LME Zinc Futures LX July 2025 contracts, expiring July 2025*
+Added: LME Tin Futures LT August 2025 contracts, expiring August 2025*
+Added: LME Aluminum Futures LA October 2025 contracts, expiring October 2025*
+Added: Open Commodity Futures Contracts - Short** Foreign Contracts
+Added: LME Aluminum Futures LA July 2025 contracts, expiring July 2025*
( 17,568,210 )
−Removed: LME Tin Futures LT April 2025 contracts, expiring April 2025 *
+Added: LME Zinc Futures LX July 2025 contracts, expiring July 2025*
( 17,063,024 )
Total Open Futures Contracts*
+Added: United States Commodity Index Funds Trust
+Added: Schedule of Investments (Unaudited)
+Added: At June 30, 2025
Shares/Principal
1 unchanged sentence
Cash Equivalents
+Added: United States Treasury Obligations
+Added: Treasury Bills ˄ :
+Added: 4.27 %, 8/19/2025
+Added: 4.36 %, 8/26/2025
+Added: Total United States Treasury Obligations
United States Money Market Funds
1 unchanged sentence
Total United States Money Market Funds
+Added: Total Cash Equivalents
Collateral amounted to $ 17,460,312 on open commodity futures contracts.
All short contracts are offset by long positions in Commodity Futures Contracts and are acquired solely for the purpose of reducing a long position (e.g., due to a redemption or to reflect a rebalancing of the SDCI).
−Removed: Reflects the 7 -day yield at March 31, 2025.
+Added: Reflects the 7-day yield at June 30, 2025.
+Added: Rates shown represent discount rate at the time of purchase.
See accompanying notes to financial statements.
51 unchanged sentences
Schedule of Investments (Unaudited)
−Removed: At March 31, 2025
+Added: At June 30, 2025
United States Copper Index Fund
5 unchanged sentences
United States Contracts
−Removed: COMEX Copper Futures HG May 2025 contracts, expiring May 2025
−Removed: COMEX Copper Futures HG July 2025 contracts, expiring July 2025
COMEX Copper Futures HG September 2025 contracts, expiring September 2025
+Added: COMEX Copper Futures HG December 2025 contracts, expiring December 2025
+Added: COMEX Copper Futures HG March 2026 contracts, expiring March 2026
Total Open Futures Contracts *
2 unchanged sentences
Cash Equivalents
+Added: United States Treasury Obligations
+Added: Treasury Bills ˄ :
+Added: 4.27 %, 8/19/2025
+Added: 4.36 %, 8/26/2025
+Added: Total United States Treasury Obligations
United States Money Market Funds
1 unchanged sentence
Total United States Money Market Funds
+Added: Total Cash Equivalents
Collateral amounted to $ 4,115,402 on open commodity futures contracts.
−Removed: # Reflects the 7 -day yield at March 31, 2025
+Added: Reflects the 7-day yield at June 30, 2025.
+Added: Rates shown represent discount rate at the time of purchase.
See accompanying notes to financial statements.
28 unchanged sentences
Statements of Operations (Unaudited)
−Removed: For the three months ended March 31, 2025 and 2024
+Added: For the three and six months ended June 30, 2025 and 2024
United States Commodity Index Fund
1 unchanged sentence
Three months ended
−Removed: March 31, 2025
−Removed: March 31, 2024
+Added: Six months ended
+Added: Six months ended
+Added: June 30, 2025
+Added: June 30, 2024
+Added: June 30, 2025
+Added: June 30, 2024
Gain (loss) on trading of commodity futures contracts:
2 unchanged sentences
( 3,645,834 )
+Added: ( 4,376,183 )
+Added: ( 4,901,568 )
Dividend income
14 unchanged sentences
Statements of Operations (Unaudited)
−Removed: For the three months ended March 31, 2025 and 2024
+Added: For the three and six months ended June 30, 2025 and 2024
United States Copper Index Fund
1 unchanged sentence
Three months ended
−Removed: March 31, 2025
−Removed: March 31, 2024
+Added: Six months ended
+Added: Six months ended
+Added: June 30, 2025
+Added: June 30, 2024
+Added: June 30, 2025
+Added: June 30, 2024
Gain (loss) on trading of commodity futures contracts:
1 unchanged sentence
Change in unrealized gain (loss) on open commodity futures contracts
+Added: ( 12,418,789 )
+Added: ( 9,638,475 )
+Added: ( 7,063,147 )
Dividend income
2 unchanged sentences
Total Income (Loss)
+Added: ( 1,252,745 )
Management fees (Note 4)
4 unchanged sentences
Net Income (Loss)
+Added: ( 1,639,626 )
Net Income (Loss) per share
4 unchanged sentences
Statements of Operations (Unaudited)
−Removed: For the three months ended March 31, 2025 and 2024
+Added: For the three and six months ended June 30, 2025 and 2024
United States Commodity Index Funds Trust
1 unchanged sentence
Three months ended
−Removed: March 31, 2025
−Removed: March 31, 2024
+Added: Six months ended
+Added: Six months ended
+Added: June 30, 2025
+Added: June 30, 2024
+Added: June 30, 2025
+Added: June 30, 2024
+Added: Gain (loss) on trading of commodity futures contracts:
Realized gain (loss) on closed commodity futures contracts
Change in unrealized gain (loss) on open commodity futures contracts
+Added: ( 16,064,623 )
+Added: ( 14,014,658 )
+Added: ( 6,401,886 )
Dividend income
7 unchanged sentences
Total Expenses
+Added: Expense waiver (Note 4)
Net Income (Loss)
2 unchanged sentences
Statements of Changes in Capital (Unaudited)
−Removed: For the three months ended March 31, 2025 and 2024
+Added: For the three and six months ended June 30, 2025 and 2024
United States Commodity Index Fund
2 unchanged sentences
Three months ended
−Removed: March 31, 2025
−Removed: March 31, 2024
+Added: Six months ended
+Added: Six months ended
+Added: June 30, 2025
+Added: June 30, 2024
+Added: June 30, 2025
+Added: June 30, 2024
Balances at beginning of period
3 unchanged sentences
( 3,150,712 )
+Added: ( 10,239,714 )
+Added: ( 17,400,223 )
Net income (loss)
4 unchanged sentences
Statements of Changes in Capital (Unaudited)
−Removed: For the three months ended March 31, 2025 and 2024
+Added: For the three and six months ended June 30, 2025 and 2024
United States Copper Index Fund
2 unchanged sentences
Three months ended
−Removed: March 31, 2025
−Removed: March 31, 2024
+Added: Six months ended
+Added: Six months ended
+Added: June 30, 2025
+Added: June 30, 2024
+Added: June 30, 2025
+Added: June 30, 2024
Balances at beginning of period
3 unchanged sentences
( 9,641,951 )
+Added: ( 39,572,019 )
+Added: ( 23,800,886 )
Net income (loss)
+Added: ( 1,639,626 )
Balances at end of period
3 unchanged sentences
Statements of Changes in Capital (Unaudited)
−Removed: For the three months ended March 31, 2025 and 2024
+Added: For the three and six months ended June 30, 2025 and 2024
United States Commodity Index Funds Trust
+Added: Shareholders*
Three months ended
Three months ended
−Removed: March 31, 2025
−Removed: March 31, 2024
+Added: Six months ended
+Added: Six months ended
+Added: June 30, 2025
+Added: June 30, 2024
+Added: June 30, 2025
+Added: June 30, 2024
Balances at beginning of period
3 unchanged sentences
( 12,792,663 )
+Added: ( 49,811,733 )
+Added: ( 41,201,109 )
Net income (loss)
4 unchanged sentences
Statements of Cash Flows (Unaudited)
−Removed: For the three months ended March 31, 2025 and 2024
+Added: For the six months ended June 30, 2025 and 2024
United States Commodity Index Fund
−Removed: Three months ended
−Removed: Three months ended
−Removed: March 31, 2025
−Removed: March 31, 2024
+Added: Six months ended
+Added: Six months ended
+Added: June 30, 2025
+Added: June 30, 2024
Cash Flows from Operating Activities:
2 unchanged sentences
Change in unrealized (gain) loss on open commodity futures contracts
−Removed: ( 5,037,444 )
(Increase) decrease in dividends receivable
13 unchanged sentences
Net Increase (Decrease) in Cash and Cash Equivalents
−Removed: ( 6,302,419 )
Total Cash, Cash Equivalents and Equity in Trading Accounts, beginning of period
8 unchanged sentences
Statements of Cash Flows (Unaudited)
−Removed: For the three months ended March 31, 2025 and 2024
+Added: For the six months ended June 30, 2025 and 2024
United States Copper Index Fund
−Removed: Three months ended
−Removed: Three months ended
−Removed: March 31, 2025
−Removed: March 31, 2024
+Added: Six months ended
+Added: Six months ended
+Added: June 30, 2025
+Added: June 30, 2024
Cash Flows from Operating Activities:
3 unchanged sentences
( 20,564,448 )
−Removed: ( 2,575,328 )
(Increase) decrease in dividends receivable
2 unchanged sentences
(Increase) decrease in prepaid insurance
−Removed: (Increase) decrease in ETF transaction fees receivable
−Removed: Increase (decrease) in payable due to Broker
Increase (decrease) in Management fees payable
19 unchanged sentences
Statements of Cash Flows (Unaudited)
−Removed: For the three months ended March 31, 2025 and 2024
+Added: For the six months ended June 30, 2025 and 2024
United States Commodity Index Funds Trust
−Removed: Three months ended
−Removed: Three months ended
−Removed: March 31,2025
−Removed: March 31, 2024
+Added: Six months ended
+Added: Six months ended
+Added: June 30, 2024
Cash Flows from Operating Activities:
3 unchanged sentences
( 15,662,880 )
−Removed: ( 7,612,772 )
(Increase) decrease in dividends receivable
2 unchanged sentences
(Increase) decrease in prepaid insurance
−Removed: (Increase) decrease in ETF transaction fees receivable
−Removed: Increase (decrease) in payable due to Broker
Increase (decrease) in Management fees payable
19 unchanged sentences
Notes to Financial Statements (Unaudited)
−Removed: For the period ended March 31, 2025
+Added: For the period ended June 30, 2025
NOTE 1 – ORGANIZATION AND BUSINESS
50 unchanged sentences
Each Trust Series recognizes interest accrued related to unrecognized tax benefits and penalties related to unrecognized tax benefits in income tax fees payable, if assessed.
−Removed: No interest expense or penalties have been recognized as of and for the period ended March 31, 2025 for any Trust Series.
+Added: No interest expense or penalties have been recognized as of and for the period ended June 30, 2025 for any Trust Series.
Creations and Redemptions
14 unchanged sentences
The weighted average shares are equal to the number of shares outstanding at the end of the period, adjusted proportionately for shares added and redeemed based on the amount of time the shares were outstanding during such period.
−Removed: As of March 31, 2025, USCF held 5 shares of USCI and 40 shares of CPER.
+Added: As of June 30, 2025, USCF held 5 shares of USCI and 40 shares of CPER.
Offering Costs
57 unchanged sentences
USCI’s shares began trading on August 10, 2010.
−Removed: As of March 31, 2025, USCI held 619 Futures Contracts on the NYMEX, 1,596 Futures Contracts on the ICE Futures, 649 Futures Contracts on the CBOT, 325 Futures Contracts on the CME, 1,199 Futures Contracts on the LME and 182 Futures Contracts on the COMEX, totaling 4,570 futures contracts.
+Added: As of June 30, 2025, USCI held 920 Futures Contracts on the NYMEX, held 866 Futures Contracts on the ICE Futures, held 831 Futures Contracts on the CBOT, held 704 Futures Contracts on the CME, held 1,411 Futures Contracts on the LME and did no t hold any Futures Contracts on the COMEX, totaling 4,732 futures contracts.
CPER’s Investment Objective
20 unchanged sentences
(It is important to note that the disclosure above ignores the potential costs associated with physically owning and storing the commodities, which could be substantial.) CPER’s shares began trading on November 15, 2011.
−Removed: As of March 31, 2025, CPER held 1,575 Futures Contracts on the COMEX.
+Added: As of June 30, 2025, CPER held 1,676 Futures Contracts on the COMEX.
Other Defined Terms – Trust Series
18 unchanged sentences
These costs include registration or other fees paid to regulatory agencies in connection with the offer and sale of shares, and all legal, accounting, printing and other expenses associated with such offer and sale.
−Removed: For the three months ended of March 31, 2025 and 2024, USCI incurred $ 0 and $ 0 respectively, in registration fees and offering expenses.
−Removed: For the three months ended of March 31, 2025 and 2024, CPER incurred $ 0 and $ 0 respectively, in registration fees and offering expenses.
+Added: For the six months ended of June 30, 2025 and 2024, USCI incurred $ 0 and $ 0 respectively, in registration fees and offering expenses.
+Added: For the six months ended of June 30, 2025 and 2024, CPER incurred $ 0 and $ 0 respectively, in registration fees and offering expenses.
On April 30, 2021, 10,000,000 additional shares were registered for USCI and 50,000,000 additional shares were registered for CPER.
8 unchanged sentences
The fees and expenses associated with each Trust Series’ audit expenses and tax accounting and reporting requirements are paid by such Trust Series.
−Removed: These costs are estimated to be $ 350,000 for the year ending December 31, 2025 for USCI and $ 375,000 for the year ending December 31, 2025 for CPER.
+Added: These costs are estimated to be $ 340,000 and for the year ending December 31, 2025 for USCI and $ 400,000 for the year ending December 31, 2025 for CPER.
Tax reporting costs fluctuate between years due to the number of shareholders during any given year.
21 unchanged sentences
Each Trust Series also incurs commissions to brokers for the purchase and sale of Futures Contracts, Other Commodity-Related Investments or short-term obligations of the United States of two years or less (“Treasuries”).
−Removed: Three months ended
−Removed: Three months ended
−Removed: March 31, 2025
−Removed: March 31, 2024
+Added: Six months ended
+Added: Six months ended
+Added: June 30, 2025
+Added: June 30, 2024
Total commissions accrued to brokers
Total commissions as annualized percentage of average total net assets
−Removed: The increase in total commissions accrued to brokers for the three months ended March 31, 2025, compared to the three months ended March 31, 2024, was due primarily to a higher number of contracts held and traded.
−Removed: For the three months ended March 31, 2025 and 2024, the monthly average volume of open future contract notional value was $ 273,448,252 and $ 208,215,620 , respectively.
−Removed: Three months ended
−Removed: Three months ended
−Removed: March 31, 2025
−Removed: March 31, 2024
+Added: The increase in total commissions accrued to brokers for the six months ended June 30, 2025, compared to the six months ended June 30, 2024, was due primarily to a higher number of contracts held and traded.
+Added: For the six months ended June 30, 2025 and 2024, the monthly average volume of open future contract notional value was $ 279,770,985 and $ 220,633,862 , respectively.
+Added: Six months ended
+Added: Six months ended
+Added: June 30, 2025
+Added: June 30, 2024
Total commissions accrued to brokers
Total commissions as annualized percentage of average total net assets
−Removed: The decrease in total commissions accrued to brokers for the three months ended March 31, 2025, compared to the three months ended March 31, 2024, was due primarily to a lower number of contracts held and traded.
−Removed: For the three months ended March 31, 2025 and 2024, the monthly average volume of open future contract notional value was $ 159,829,737 and $ 132,065,072 , respectively.
+Added: The decrease in total commissions accrued to brokers for the six months ended June 30, 2025, compared to the six months ended June 30, 2024, was due primarily to a lower number of contracts held and traded.
+Added: For the six months ended June 30, 2025 and 2024, the monthly average volume of open future contract notional value was $ 167,900,891 and $ 165,343,446 , respectively.
SummerHaven Agreements
20 unchanged sentences
Buying and selling options on futures contracts exposes investors to the risks of purchasing or selling futures contracts.
−Removed: All of the futures contracts held by each Trust Series through March 31, 2025 were exchange-traded.
+Added: All of the futures contracts held by each Trust Series through June 30, 2025 were exchange-traded.
The risks associated with exchange-traded contracts are generally perceived to be less than those associated with OTC swaps since, in OTC swaps, a party must rely solely on the credit of its respective individual counterparties.
14 unchanged sentences
Each Trust Series may be exposed to any risk of loss associated with an investment in such money market funds.
−Removed: As of March 31, 2025 and December 31, 2024, USCI held investments in money market funds in the amounts of $ 140,500,000 and $ 140,500,000 , respectively.
−Removed: As of March 31, 2025 and December 31, 2024, CPER held investments in money market funds in the amounts of $ 106,475,000 and $ 106,475,000 , respectively.
+Added: As of June 30, 2025 and December 31, 2024, USCI held investments in Treasuries and money market funds in the amounts of $ 189,382,408 and $ 140,500,000 , respectively.
+Added: As of June 30, 2025 and December 31, 2024, CPER held investments in Treasuries and money market funds in the amounts of $ 144,363,424 and $ 106,475,000 , respectively.
Each Trust Series also holds cash deposits with its custodian and FCMs.
−Removed: As of March 31, 2025 and December 31, 2024, USCI held cash deposits and short-term investments in the amounts of $ 92,490,713 and $ 45,388,476 , respectively, with the custodian and FCMs.
−Removed: As of March 31, 2025 and December 31, 2024, CPER held cash deposits and short-term investments in the amounts of $ 85,378,352 and $ 45,744,085 , respectively, with the custodian and FCMs.
+Added: As of June 30, 2025 and December 31, 2024, USCI held cash deposits and short-term investments in the amounts of $ 51,322,118 and $ 45,388,476 , respectively, with the custodian and FCMs.
+Added: As of June 30, 2025 and December 31, 2024, CPER held cash deposits and short-term investments in the amounts of $ 59,900,024 and $ 45,744,085 , respectively, with the custodian and FCMs.
Some or all of these amounts may be subject to loss should the Trust Series’ custodian and/or FCMs cease operations.
6 unchanged sentences
NOTE 7 – FINANCIAL HIGHLIGHTS
−Removed: The following table presents per share performance data and other supplemental financial data for the three months ended March 31, 2025 and 2024 for the shareholders.
+Added: The following table presents per share performance data and other supplemental financial data for the three and six months ended June 30, 2025 and 2024 for the shareholders.
This information has been derived from information presented in the financial statements.
1 unchanged sentence
Three months ended
−Removed: March 31, 2025
−Removed: March 31, 2024
+Added: Six months ended
+Added: Six months ended
+Added: June 30, 2025
+Added: June 30, 2024
+Added: June 30, 2025
+Added: June 30, 2024
Per Share Operating Performance:
11 unchanged sentences
Three months ended
−Removed: March 31, 2025
−Removed: March 31, 2024
+Added: Six months ended
+Added: Six months ended
+Added: June 30, 2025
+Added: June 30, 2024
+Added: June 30, 2025
+Added: June 30, 2024
Per Share Operating Performance:
27 unchanged sentences
The level in the fair value hierarchy within which the fair value measurement in its entirety falls shall be determined based on the lowest input level that is significant to the fair value measurement in its entirety.
−Removed: The following table summarizes the valuation of USCI’s securities at March 31, 2025 using the fair value hierarchy:
−Removed: At March 31, 2025
+Added: The following table summarizes the valuation of USCI’s securities at June 30, 2025 using the fair value hierarchy:
+Added: At June 30, 2025
Short-Term Investments
8 unchanged sentences
Foreign Contracts
−Removed: The following table summarizes the valuation of CPER’s securities at March 31, 2025 using the fair value hierarchy:
−Removed: At March 31, 2025
+Added: The following table summarizes the valuation of CPER’s securities at June 30, 2025 using the fair value hierarchy:
+Added: At June 30, 2025
Short-Term Investments
14 unchanged sentences
Derivatives not Accounted for as Hedging Instruments
−Removed: March 31, 2025
+Added: June 30, 2025
December 31, 2024
6 unchanged sentences
Derivatives not Accounted for as Hedging Instruments
−Removed: March 31, 2025
+Added: June 30, 2025
December 31, 2024
3 unchanged sentences
The Effect of Derivative Instruments on the Statements of Operations of USCI
−Removed: For the three months ended
−Removed: For the three months ended
−Removed: March 31, 2025
−Removed: March 31, 2024
+Added: For the six months ended
+Added: For the six months ended
+Added: June 30, 2025
+Added: June 30, 2024
Change in Unrealized
21 unchanged sentences
The Effect of Derivative Instruments on the Statements of Operations of CPER
−Removed: For the three months ended
−Removed: For the three months ended
−Removed: March 31, 2025
−Removed: March 31, 2024
+Added: For the six months ended
+Added: For the six months ended
+Added: June 30, 2025
+Added: June 30, 2024
Change in Unrealized
19 unchanged sentences
Change in unrealized gain (loss) on open commodity futures contracts
+Added: ( 7,063,147 )
NOTE 9 – SUBSEQUENT EVENTS
2 unchanged sentences
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.