USCIHIGH SIGNALFINANCIAL10-K

USCI experienced a dramatic financial turnaround with net income swinging from -$18.1M to +$75.3M while simultaneously showing a massive 58% decline in total assets from $476M to $200M.

This represents a rare combination of profitability improvement alongside significant asset shrinkage, suggesting either major portfolio liquidation or structural changes to the fund's operations. The substantial increase in futures contract positions across multiple exchanges indicates active rebalancing, but the asset decline may signal redemption pressures or strategic repositioning that investors should monitor closely.

Comparing 2026-02-27 vs 2025-02-28View on EDGAR →
FINANCIAL ANALYSIS

USCI demonstrated a remarkable financial transformation with net income improving by over 500% to $75.3M and operating cash flow surging to $73.6M from negative territory. However, this profitability came alongside a concerning 58% collapse in total assets to $200M and worsening revenue performance declining to -$16.6M. The combination of strong earnings with dramatic asset shrinkage and cash position growth to $431M suggests significant portfolio liquidation or redemption activity that fundamentally altered the fund's scale and composition.

FINANCIAL STATEMENT CHANGES
Net Income
P&L
+515.1%
-$18.1M$75.3M

Net income grew 515.1% — bottom-line growth signals improving overall business health.

Operating Cash Flow
Cash Flow
+377.3%
-$26.5M$73.6M

Operating cash flow surged 377.3% — exceptional cash generation, highest quality earnings signal.

Revenue
P&L
-290.4%
-$4.2M-$16.6M

Revenue declined 290.4% — significant demand weakness or market share loss warrants investigation.

Total Liabilities
Balance Sheet
+184.6%
$1.1M$3.1M

Liabilities grew 184.6% — significant increase in debt or obligations, assess impact on financial flexibility.

Cash & Equivalents
Balance Sheet
+160%
$165.7M$430.8M

Cash position surged 160% — strong cash generation or capital raise providing significant financial cushion.

Total Assets
Balance Sheet
-57.9%
$475.6M$200.0M

Total assets contracted 57.9% — asset sales, write-downs, or balance sheet optimization underway.

LANGUAGE CHANGES
NEW — 2026-02-27
PRIOR — 2025-02-28
ADDED
Shares of United States Copper Index Fund CPER NYSE Arca , Inc.
USCI seeks to achieve its investment objective by investing so that the average daily percentage change in USCI s NAV for any period of 30 successive valuation days will be within plus/minus 10 percent (10%) of the average daily percentage change in the price of the SDCI over the same period.
As of December 31, 2025, USCI held 1,132 Futures Contracts on the NYMEX, held 2,215 Futures Contracts on the ICE Futures, held 638 Futures Contracts on the CBOT, held 319 Futures Contracts on the CME, held 726 Futures Contracts on the LME and held 189 Futures Contracts on the COMEX.
As of December 31, 2025, CPER held 3,184 Futures Contracts on the COMEX.
Each Trust Series endeavors to place trades in Applicable Interests and otherwise manage its investments so that A will be within plus/minus ten percent (10%) of B , where: A is the average daily percentage change in such Trust Series per share NAV for any period of 30 successive valuation days; i.e., any NYSE Arca trading day as of which the Trust Series calculates its per share NAV; and B is the average daily percentage change in the price of the Applicable Index over the same period.
+7 more — sign up free →
REMOVED
Shares of United States Copper Index Fund CPER NYSE Arca, Inc.
While USCI is composed of Benchmark Component Futures Contracts and is therefore a measure of the prices of the corresponding commodities comprising the SDCI for future delivery, there is nonetheless expected to be a reasonable degree of correlation between the SDCI and the cash or spot prices of the commodities underlying the Benchmark Component Futures Contracts.
As of December 31, 2024, USCI held 1,080 Futures Contracts on the NYMEX, held 1,281 Futures Contracts on the ICE Futures, held 268 Futures Contracts on the CBOT, held 279 Futures Contracts on the CME, held 1,029 Futures Contracts on the LME and held 129 Futures Contracts on the COMEX.
While CPER is composed of Benchmark Component Copper Futures Contracts and is therefore a measure of the prices of the corresponding commodities comprising the SCI for future delivery, there is nonetheless expected to be a reasonable degree of correlation between the SCI and the cash or spot prices of the commodities underlying the Benchmark Component Copper Futures Contracts.
As of December 31, 2024, CPER held 1,396 Futures Contracts on the COMEX.
+7 more — sign up free →
MORE FINANCIAL SIGNALS
PNRGHIGHPNRG achieved exceptional profitability improvement with net income surging 2,21...
2026-04-16
BNAIHIGHBNAI underwent a dramatic reverse stock split that reduced share count by 86% wh...
2026-04-16
LAKEHIGHLAKE's financial performance deteriorated significantly with operating losses wo...
2026-04-16
NXXTHIGHNextNRG experienced massive financial deterioration with operating losses explod...
2026-04-16
ANALYZE ANY FILING FREE

See what changed in your portfolio's filings

500+ US-listed companies analyzed. Language delta, financial analysis, instant signal scoring.

Try Tracenotes free →