The investment objective of USCI is for the daily changes in percentage terms of its shares' per share NAV to reflect the daily changes in percentage terms of the SDCITR, less USCI’s expenses. USCI is rebalanced monthly to reflect these changes to the index. The SDCITR SM is rules-based and rebalanced monthly based on observable price signals. The SDCITR is owned and maintained by SummerHaven Index Management LLC and calculated and published by the NYSE Arca.īeginning with the commodity selection process that commenced, 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. 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 index is reformulated each month from 27 possible futures contracts. The SummerHaven Dynamic Commodity Index Total Return SM is an index designed to reflect the performance of a portfolio of 14 commodity futures. SummerHaven Dynamic Commodity Index Total Return SM USCI is designed to be a convenient, cost-effective way for investors to access the returns of a portfolio of commodity futures contracts. USCI’s investment objective is for the daily changes in percentage terms of its shares’ 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. The United States Commodity Index Fund ® ("USCI") is an exchange-traded security.
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