United States Commodity Index Fund (USCI) is a commodity index exchange-traded fund that seeks to track the performance of the SummerHaven Dynamic Commodity Index (SDCI), a diversified basket of commodity futures contracts. The fund generates returns by investing primarily in Benchmark Component Futures Contracts that make up the SDCI, with the index owned and maintained by SummerHaven Index Management, LLC (SHIM) and calculated and published by Bloomberg L.P. The SDCI's component weightings shift on a monthly basis according to quantitative formulas developed by SHIM based on futures contract prices. Underlying futures trade across NYMEX, ICE Futures, CBOT, CME, LME, and COMEX. USCI is a series of the United States Commodity Index Funds Trust and is structured as a commodity pool, giving investors exposure to diversified commodity futures without direct futures account ownership.
- Revenue model
- USCI does not generate operating revenue in the traditional sense. The fund's returns come from price changes in commodity futures contracts held to track the SDCI. Investors bear management fees charged against fund assets as disclosed in the trust's fee structure.
- Products and services
- United States Commodity Index Fund (USCI): an exchange-traded fund tracking the SummerHaven Dynamic Commodity Index (SDCI) via diversified commodity futures contracts. United States Copper Index Fund is also listed as a series of the same trust per the 10-K filing dated 2026-02-27.
- Customers and end markets
- Investors seeking diversified commodity futures exposure through an exchange-listed instrument. End market demand is driven by commodity price cycles and investor appetite for commodity asset class allocation.
- Value-chain role
- Commodity index fund sponsor and commodity pool operator. USCI pools investor capital and deploys it into commodity futures contracts across major futures exchanges to replicate index performance.
- Geographic exposure
- Futures contracts held by USCI trade on U.S. and international exchanges including NYMEX, CBOT, CME, COMEX, ICE Futures, and the London Metal Exchange (LME), as disclosed in the 10-K filed 2026-02-27.
Source: SEC 10-K, filed 2026-02-27
Industry:
Commodity Contracts Brokers & Dealers