United States Copper Index Fund (CPER) 10-Q7 Aug 202020 Q2 Quarterly reportFinancial data

Company Profile

Document And Entity Information

Document And Entity Information - shares	6 Months Ended
Document And Entity Information - shares	Jun. 30, 2020	Aug. 03, 2020
Document Information
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Jun. 30, 2020
Document Transition Report	false
Entity File Number	001-34833
Entity Registrant Name	United States Commodity Index Funds Trust
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	27-1537655
Entity Address, Address Line One	1850 Mt. Diablo Boulevard, Suite 640
Entity Address, City or Town	Walnut Creek
Entity Address, State or Province	CA
Entity Address, Postal Zip Code	94596
City Area Code	510
Local Phone Number	522-9600
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Central Index Key	0001479247
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2020
Document Fiscal Period Focus	Q2
Amendment Flag	false
Common Stock
Document Information
Entity Common Stock, Shares Outstanding		6,000,000
United States Commodity Index Fund
Document Information
Title of 12(b) Security	Shares of United States Commodity Index Fund
Trading Symbol	USCI
Security Exchange Name	NYSEArca
Entity Common Stock, Shares Outstanding		4,850,000
United States Copper Index Fund
Document Information
Title of 12(b) Security	Shares of United States Copper Index Fund
Trading Symbol	CPER
Security Exchange Name	NYSEArca
Entity Common Stock, Shares Outstanding		1,150,000

Condensed Statements of Financi

Condensed Statements of Financial Condition - USD ($)		Jun. 30, 2020	Dec. 31, 2019
Assets
Cash and cash equivalents		$ 128,744,684
United States Commodity Index Fund
Assets
Cash and cash equivalents		114,398,499	$ 163,036,680
Equity in trading accounts:
Cash and cash equivalents		10,991,849	27,277,314
Unrealized gain (loss) on open commodity futures contracts		1,758,481	2,138,868
Dividends receivable		7,987	25,510
Prepaid insurance	[1]	16,207	20,198
ETF transaction fees receivable		0	350
Total Assets		127,173,023	192,498,920
Liabilities and Capital
Payable due to Broker		283,894	0
Payable for shares redeemed		0	1,843,700
Management fees payable (Note 4)		82,790	142,699
Professional fees payable		249,117	571,822
Brokerage commissions payable		3,955	33,805
Directors' fees payable	[1]	4,527	11,412
Total Liabilities		624,283	2,603,438
Commitments and Contingencies (Notes 4, 5 & 6)
Capital
Sponsor		0	0
Shareholders		126,548,740	189,895,482
Total Capital		126,548,740	189,895,482
Total Liabilities and Capital		$ 127,173,023	$ 192,498,920
Shares Outstanding		4,750,000	5,150,000
Net asset value per share		$ 26.64	$ 36.87
Market value per share		$ 26.58	$ 36.90
United States Copper Index Fund
Assets
Cash and cash equivalents		$ 14,346,185	$ 6,699,854
Equity in trading accounts:
Cash and cash equivalents		698,699	399,050
Unrealized gain (loss) on open commodity futures contracts		1,398,575	346,250
Receivable from Sponsor (Note 4)		0	67,629
Dividends receivable		1,345	1,363
Interest receivable		0	125
Prepaid insurance	[1]	693	253
Prepaid reimbursement		23,609
Total Assets		16,469,106	7,514,524
Liabilities and Capital
Payable due to Broker		1,147,333	429,967
Management fees payable (Note 4)		6,954	4,647
Professional fees payable		20,776	64,311
Directors' fees payable	[1]	71	222
Total Liabilities		1,175,134	499,147
Commitments and Contingencies (Notes 4, 5 & 6)
Capital
Sponsor		0	0
Shareholders		15,293,972	7,015,377
Total Capital		15,293,972	7,015,377
Total Liabilities and Capital		$ 16,469,106	$ 7,514,524
Shares Outstanding		900,000	400,000
Net asset value per share		$ 16.99	$ 17.54
Market value per share		$ 17.07	$ 17.54
USCF Crescent Crypto Index Fund
Assets
Cash and cash equivalents		$ 0	$ 1,000
Equity in trading accounts:
Total Assets		0	1,000
Liabilities and Capital
Commitments and Contingencies (Notes 4, 5 & 6)
Capital
Sponsor		0	1,000
Shareholders		0	0
Total Capital		0	1,000
Total Liabilities and Capital		0	1,000
United States Commodity Index Funds Trust
Assets
Cash and cash equivalents		128,744,684	169,737,534
Equity in trading accounts:
Cash and cash equivalents		11,690,548	27,676,364
Unrealized gain (loss) on open commodity futures contracts		3,157,056	2,485,118
Receivable from Sponsor (Note 4)		0	67,629
Dividends receivable		9,332	26,873
Interest receivable		0	125
Prepaid insurance	[1]	16,900	20,451
Prepaid reimbursement		23,609	0
ETF transaction fees receivable		0	350
Total Assets		143,642,129	200,014,444
Liabilities and Capital
Payable due to Broker		1,431,227	429,967
Payable for shares redeemed		0	1,843,700
Management fees payable (Note 4)		89,744	147,346
Professional fees payable		269,893	636,133
Brokerage commissions payable		3,955	33,805
Directors' fees payable	[1]	4,598	11,634
Total Liabilities		1,799,417	3,102,585
Commitments and Contingencies (Notes 4, 5 & 6)
Capital
Sponsor		0	1,000
Shareholders		141,842,712	196,910,859
Total Capital		141,842,712	196,911,859
Total Liabilities and Capital		$ 143,642,129	$ 200,014,444
Shares Outstanding		5,650,000	5,550,000

[1]	Certain prior year amounts have been reclassified for consistency with the current presentation.

Condensed Statements of Finan_2

Condensed Statements of Financial Condition (Parenthetical) - USD ($)	Jun. 30, 2020	Dec. 31, 2019
Cash and cash equivalents	$ 128,744,684
United States Commodity Index Fund
Cash and cash equivalents	114,398,499	$ 163,036,680
Cash and cash equivalents	10,991,849	27,277,314
Sponsor Capital Account	0	0
United States Copper Index Fund
Cash and cash equivalents	14,346,185	6,699,854
Cash and cash equivalents	698,699	399,050
Sponsor Capital Account	0	0
USCF Crescent Crypto Index Fund
Cash and cash equivalents	0	1,000
Sponsor Capital Account	0	1,000
United States Commodity Index Funds Trust
Cash and cash equivalents	128,744,684	169,737,534
Cash and cash equivalents	11,690,548	27,676,364
Sponsor Capital Account	$ 0	$ 1,000

Condensed Schedule of Investmen

Condensed Schedule of Investments	Jun. 30, 2020USD ($)contract
United States Commodity Index Fund \| Open Futures Contracts
Notional Amount	$ 124,591,279	[1],[2]
Number of Contracts \| contract	3,480	[1],[2]
Fair Value/Unrealized Gain (Loss) on Open Commodity Contracts	$ 1,758,481	[1],[2]
% of Partners' Capital	1.39%	[1],[2]
United States Commodity Index Fund \| Open Commodity Futures Contracts - Long \| United States Contracts \| ICE Cocoa Futures CC September 2020 contracts, expiring September 2020
Notional Amount	$ 10,187,790
Number of Contracts \| contract	373
Fair Value/Unrealized Gain (Loss) on Open Commodity Contracts	$ (2,034,010)
% of Partners' Capital	(1.61%)
United States Commodity Index Fund \| Open Commodity Futures Contracts - Long \| United States Contracts \| COMEX Copper Futures HG September 2020 contracts, expiring September 2020
Notional Amount	$ 8,056,187
Number of Contracts \| contract	133
Fair Value/Unrealized Gain (Loss) on Open Commodity Contracts	$ 1,016,075
% of Partners' Capital	0.80%
United States Commodity Index Fund \| Open Commodity Futures Contracts - Long \| United States Contracts \| COMEX Silver Futures SI September 2020 contracts, expiring September 2020
Notional Amount	$ 8,932,580
Number of Contracts \| contract	99
Fair Value/Unrealized Gain (Loss) on Open Commodity Contracts	$ 292,735
% of Partners' Capital	0.23%
United States Commodity Index Fund \| Open Commodity Futures Contracts - Long \| United States Contracts \| ICE Sugar#11 Futures SB September 2020 contracts, expiring October 2020
Notional Amount	$ 8,826,686
Number of Contracts \| contract	667
Fair Value/Unrealized Gain (Loss) on Open Commodity Contracts	$ 107,912
% of Partners' Capital	0.09%
United States Commodity Index Fund \| Open Commodity Futures Contracts - Long \| United States Contracts \| NYMEX Platinum Futures PL October 2020 contracts, expiring October 2020
Notional Amount	$ 9,569,920
Number of Contracts \| contract	220
Fair Value/Unrealized Gain (Loss) on Open Commodity Contracts	$ (206,720)
% of Partners' Capital	(0.16%)
United States Commodity Index Fund \| Open Commodity Futures Contracts - Long \| United States Contracts \| ICE Cotton No. 2 Futures CT December 2020 contracts, expiring December 2020
Notional Amount	$ 8,928,870
Number of Contracts \| contract	298
Fair Value/Unrealized Gain (Loss) on Open Commodity Contracts	$ 142,250
% of Partners' Capital	0.11%
United States Commodity Index Fund \| Open Commodity Futures Contracts - Long \| United States Contracts \| CBOT Soybean Oil Futures BO December 2020 contracts, expiring December 2020
Notional Amount	$ 8,907,732
Number of Contracts \| contract	522
Fair Value/Unrealized Gain (Loss) on Open Commodity Contracts	$ 115,560
% of Partners' Capital	0.09%
United States Commodity Index Fund \| Open Commodity Futures Contracts - Long \| United States Contracts \| ICE Coffee C Futures December 2020 contracts, expiring December 2020
Notional Amount	$ 9,470,812
Number of Contracts \| contract	242
Fair Value/Unrealized Gain (Loss) on Open Commodity Contracts	$ (82,724)
% of Partners' Capital	(0.07%)
United States Commodity Index Fund \| Open Commodity Futures Contracts - Long \| United States Contracts \| NYMEX Natural Gas Futures December 2020 contracts, expiring January 2021
Notional Amount	$ 8,616,570
Number of Contracts \| contract	315
Fair Value/Unrealized Gain (Loss) on Open Commodity Contracts	$ 464,880
% of Partners' Capital	0.37%
United States Commodity Index Fund \| Open Commodity Futures Contracts - Long \| United States Contracts \| CME Cattle Feeder Futures FC January 2021 contracts, expiring January 2021
Notional Amount	$ 8,799,575
Number of Contracts \| contract	130
Fair Value/Unrealized Gain (Loss) on Open Commodity Contracts	$ (61,950)
% of Partners' Capital	(0.05%)
United States Commodity Index Fund \| Open Commodity Futures Contracts - Long \| United States Contracts \| COMEX Gold 100 OZ Futures GC February 2021 contracts, expiring February 2021
Notional Amount	$ 8,244,320
Number of Contracts \| contract	50
Fair Value/Unrealized Gain (Loss) on Open Commodity Contracts	$ 893,180
% of Partners' Capital	0.71%
United States Commodity Index Fund \| Open Commodity Futures Contracts - Long \| United States Contracts \| CBOT Soybean Futures S March 2021 contracts, expiring March 2021
Notional Amount	$ 8,783,701
Number of Contracts \| contract	205
Fair Value/Unrealized Gain (Loss) on Open Commodity Contracts	$ 223,487
% of Partners' Capital	0.18%
United States Commodity Index Fund \| Open Commodity Futures Contracts - Long \| Foreign Contracts \| LME Zinc Futures LX July 2020 contracts, expiring July 2020
Notional Amount	$ 8,889,745
Number of Contracts \| contract	182
Fair Value/Unrealized Gain (Loss) on Open Commodity Contracts	$ 384,293
% of Partners' Capital	0.30%
United States Commodity Index Fund \| Open Commodity Futures Contracts - Long \| Foreign Contracts \| LME Tin Futures LT August 2020 contracts, expiring August 2020
Notional Amount	$ 22,976,272
Number of Contracts \| contract	281
Fair Value/Unrealized Gain (Loss) on Open Commodity Contracts	$ 598,223
% of Partners' Capital	0.47%
United States Commodity Index Fund \| Open Commodity Futures Contracts - Long \| Foreign Contracts \| LME Nickel Futures LN December 2020 contracts, expiring December 2020
Notional Amount	$ 9,047,451
Number of Contracts \| contract	122
Fair Value/Unrealized Gain (Loss) on Open Commodity Contracts	$ 361,494
% of Partners' Capital	0.29%
United States Commodity Index Fund \| Open Commodity Futures Contracts - Short \| Foreign Contracts \| LME Zinc Futures LX July 2020 contracts, expiring July 2020
Notional Amount	$ (9,288,846)
Number of Contracts \| contract	182
Fair Value/Unrealized Gain (Loss) on Open Commodity Contracts	$ 14,809
% of Partners' Capital	0.01%
United States Commodity Index Fund \| Open Commodity Futures Contracts - Short \| Foreign Contracts \| LME Tin Futures LT August 2020 contracts, expiring August 2020
Notional Amount	$ (14,133,812)
Number of Contracts \| contract	174
Fair Value/Unrealized Gain (Loss) on Open Commodity Contracts	$ (463,919)
% of Partners' Capital	(0.37%)
United States Commodity Index Fund \| Open Commodity Futures Contracts - Short \| Foreign Contracts \| LME Nickel Futures LN December 2020 contracts, expiring December 2020
Notional Amount	$ (224,274)
Number of Contracts \| contract	3
Fair Value/Unrealized Gain (Loss) on Open Commodity Contracts	$ (7,094)
United States Commodity Index Fund \| Cash Equivalents
Market Value	$ 125,360,268
% of Partners' Capital	99.06%
United States Commodity Index Fund \| Cash Equivalents \| United States Treasury Obligations
Market Value	$ 55,955,977
% of Partners' Capital	44.22%
United States Commodity Index Fund \| Cash Equivalents \| United States Treasury Obligations \| U.S. Treasury Bills, 1.52%, 7/09/2020
Principal Amount	$ 16,000,000
Market Value	$ 15,994,658
% of Partners' Capital	12.64%
United States Commodity Index Fund \| Cash Equivalents \| United States Treasury Obligations \| U.S. Treasury Bills, 1.55%, 7/16/2020
Principal Amount	$ 15,000,000
Market Value	$ 14,990,437
% of Partners' Capital	11.85%
United States Commodity Index Fund \| Cash Equivalents \| United States Treasury Obligations \| U.S. Treasury Bills, 1.53%, 7/23/2020
Principal Amount	$ 5,000,000
Market Value	$ 4,995,371
% of Partners' Capital	3.95%
United States Commodity Index Fund \| Cash Equivalents \| United States Treasury Obligations \| U.S. Treasury Bills, 1.54%, 7/30/2020
Principal Amount	$ 20,000,000
Market Value	$ 19,975,511
% of Partners' Capital	15.78%
United States Commodity Index Fund \| United States Money Market Funds
Market Value	$ 69,404,291
% of Partners' Capital	54.84%
United States Commodity Index Fund \| United States Money Market Funds \| Dreyfus Institutional Preferred Government Money Market Fund - Institutional Share Class, 0.10%
Principal Amount	$ 12,302,587
Market Value	$ 12,302,587
% of Partners' Capital	9.72%
United States Commodity Index Fund \| United States Money Market Funds \| Goldman Sachs Financial Square Funds - Government Fund - Class FS, 0.15%
Principal Amount	$ 56,055,830
Market Value	$ 56,055,830
% of Partners' Capital	44.29%
United States Commodity Index Fund \| United States Money Market Funds \| RBC U.S. Government Money Market Fund - Institutional Share Class, 0.10%#
Principal Amount	$ 1,045,874
Market Value	$ 1,045,874
% of Partners' Capital	0.83%
United States Copper Index Fund \| Open Commodity Futures Contracts - Long \| United States Contracts
Notional Amount	$ 13,988,438
Number of Contracts \| contract	225
Fair Value/Unrealized Gain (Loss) on Open Commodity Contracts	$ 1,398,575
% of Partners' Capital	9.14%
United States Copper Index Fund \| Open Commodity Futures Contracts - Long \| United States Contracts \| COMEX Copper Futures HG September 2020 contracts, expiring September 2020
Notional Amount	$ 6,868,950	[3]
Number of Contracts \| contract	113	[3]
Fair Value/Unrealized Gain (Loss) on Open Commodity Contracts	$ 839,062	[3]
% of Partners' Capital	5.48%	[3]
United States Copper Index Fund \| Open Commodity Futures Contracts - Long \| United States Contracts \| COMEX Copper Future HG December 2020 contracts, expiring December 2020*
Notional Amount	$ 7,119,488
Number of Contracts \| contract	112
Fair Value/Unrealized Gain (Loss) on Open Commodity Contracts	$ 559,513
% of Partners' Capital	3.66%
United States Copper Index Fund \| Cash Equivalents
Market Value	$ 15,038,366
% of Partners' Capital	98.33%
United States Copper Index Fund \| Cash Equivalents \| United States Treasury Obligations
Market Value	$ 1,796,923
% of Partners' Capital	11.75%
United States Copper Index Fund \| Cash Equivalents \| United States Treasury Obligations \| U.S. Treasury Bills 1.52%, 7/23/2020
Principal Amount	$ 500,000
Market Value	$ 499,542
% of Partners' Capital	3.27%
United States Copper Index Fund \| Cash Equivalents \| United States Treasury Obligations \| U.S. Treasury Bills 1.52%, 8/13/2020
Principal Amount	$ 500,000
Market Value	$ 499,100
% of Partners' Capital	3.26%
United States Copper Index Fund \| Cash Equivalents \| United States Treasury Obligations \| U.S. Treasury Bills 1.53%, 8/20/2020
Principal Amount	$ 500,000
Market Value	$ 498,951
% of Partners' Capital	3.26%
United States Copper Index Fund \| Cash Equivalents \| United States Treasury Obligations \| U.S. Treasury Bills 1.43%, 8/27/2020
Principal Amount	$ 300,000
Market Value	$ 299,330
% of Partners' Capital	1.96%
United States Copper Index Fund \| United States Money Market Funds
Market Value	$ 13,241,443
% of Partners' Capital	86.58%
United States Copper Index Fund \| United States Money Market Funds \| Dreyfus Institutional Preferred Government Money Market Fund - Institutional Share Class, 0.10%
Principal Amount	$ 860,369
Market Value	$ 860,369
% of Partners' Capital	5.63%
United States Copper Index Fund \| United States Money Market Funds \| Goldman Sachs Financial Square Funds - Government Fund - Class FS, 0.15%
Principal Amount	$ 11,470,780
Market Value	$ 11,470,780
% of Partners' Capital	75.00%
United States Copper Index Fund \| United States Money Market Funds \| RBC U.S. Government Money Market Fund - Institutional Share Class, 0.10%#
Principal Amount	$ 910,294
Market Value	$ 910,294
% of Partners' Capital	5.95%

[1]	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).
[2]	Collateral amounted to $10,991,849 on open commodity futures contracts.
[3]	Collateral amounted to 698,699

Condensed Schedule of Investm_2

Condensed Schedule of Investments (Parenthetical)	6 Months Ended
Condensed Schedule of Investments (Parenthetical)	Jun. 30, 2020USD ($)
United States Commodity Index Fund
Interest rate	0.005%
Collateral Amount	$ 10,991,849
United States Commodity Index Fund \| Cash Equivalents \| United States Treasury Obligations \| U.S. Treasury Bills, 1.52%, 7/09/2020
Expiration date	Jul. 9, 2020
Interest rate	1.52%
United States Commodity Index Fund \| Cash Equivalents \| United States Treasury Obligations \| U.S. Treasury Bills, 1.55%, 7/16/2020
Expiration date	Jul. 16, 2020
Interest rate	1.55%
United States Commodity Index Fund \| Cash Equivalents \| United States Treasury Obligations \| U.S. Treasury Bills, 1.53%, 7/23/2020
Expiration date	Jul. 23, 2020
Interest rate	1.53%
United States Commodity Index Fund \| Cash Equivalents \| United States Treasury Obligations \| U.S. Treasury Bills, 1.54%, 7/30/2020
Expiration date	Jul. 30, 2020
Interest rate	1.54%
United States Copper Index Fund
Collateral Amount	$ 698,699
United States Copper Index Fund \| Cash Equivalents \| United States Treasury Obligations \| U.S. Treasury Bills 1.52%, 7/23/2020
Expiration date	Jul. 23, 2020
Interest rate	1.52%
United States Copper Index Fund \| Cash Equivalents \| United States Treasury Obligations \| U.S. Treasury Bills 1.52%, 8/13/2020
Expiration date	Aug. 13, 2020
Interest rate	1.52%
United States Copper Index Fund \| Cash Equivalents \| United States Treasury Obligations \| U.S. Treasury Bills 1.53%, 8/20/2020
Expiration date	Aug. 20, 2020
Interest rate	1.53%
United States Copper Index Fund \| Cash Equivalents \| United States Treasury Obligations \| U.S. Treasury Bills 1.43%, 8/27/2020
Expiration date	Aug. 27, 2020
Interest rate	1.43%
Dreyfus Institutional Preferred Government Money Market Fund - Institutional Share Class, 0.10% \| United States Commodity Index Fund \| United States Money Market Funds
Interest rate on Money Market Funds (as a percent)	0.10%
Dreyfus Institutional Preferred Government Money Market Fund - Institutional Share Class, 0.10% \| United States Copper Index Fund \| United States Money Market Funds
Interest rate on Money Market Funds (as a percent)	0.10%
Goldman Sachs Financial Square Funds - Government Fund - Class FS, 0.15% \| United States Commodity Index Fund \| United States Money Market Funds
Interest rate on Money Market Funds (as a percent)	0.15%
Goldman Sachs Financial Square Funds - Government Fund - Class FS, 0.15% \| United States Copper Index Fund \| United States Money Market Funds
Interest rate on Money Market Funds (as a percent)	0.15%
RBC U.S. Government Money Market Fund - Institutional Share Class, 0.10%# \| United States Commodity Index Fund \| United States Money Market Funds
Interest rate on Money Market Funds (as a percent)	0.10%
RBC U.S. Government Money Market Fund - Institutional Share Class, 0.10%# \| United States Copper Index Fund \| United States Money Market Funds
Interest rate on Money Market Funds (as a percent)	0.10%

Condensed Statements of Operati

Condensed Statements of Operations - USD ($)		3 Months Ended		6 Months Ended
Condensed Statements of Operations - USD ($)		Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Expenses
Net Income (Loss)				$ (50,352,008)	$ (2,913,063)
Maximum
Expenses
Paid in kind interest as a percentage of total interest income		5.00%	5.00%	5.00%	5.00%
United States Commodity Index Fund
Gain (loss) on trading of commodity futures contracts:
Realized gain (loss) on closed commodity futures contracts		$ (7,815,560)	$ (12,381,741)	$ (52,782,086)	$ (15,732,746)
Change in unrealized gain (loss) on open commodity futures contracts		8,116,712	(8,139,194)	(380,387)	10,010,909
Realized gain (loss) on short-term investments		2,261,434	0	2,279,102
Dividend income		18,133	101,060	73,602	215,091
Interest income	[1]	311,375	2,276,000	900,602	4,878,041
ETF transaction fees		1,050	8,400	5,600	12,600
Total Income (Loss)		2,893,144	(18,135,475)	(49,903,567)	(616,105)
Expenses
Management fees (Note 4)		247,306	789,497	569,468	1,701,916
Professional fees		72,934	159,343	113,959	323,597
Brokerage commissions		21,219	128,876	76,374	305,797
Directors' fees and insurance		7,365	24,574	33,719	46,863
Total Expenses		348,824	1,102,290	793,520	2,378,173
Net Income (Loss)		$ 2,544,320	$ (19,237,765)	$ (50,697,087)	$ (2,994,278)
Net Income (Loss) per share (in dollars per share)		$ 0.52	$ (1.83)	$ (10.23)	$ (0.51)
Net Income (Loss) per weighted average share (in dollars per share)		$ 0.54	$ (1.84)	$ (10.41)	$ (0.27)
Weighted average shares outstanding (in shares)		4,747,802	10,451,099	4,870,055	11,189,779
United States Commodity Index Fund \| Maximum
Expenses
Paid in kind interest as a percentage of total interest income		5.00%	5.00%	5.00%	5.00%
United States Copper Index Fund
Gain (loss) on trading of commodity futures contracts:
Realized gain (loss) on closed commodity futures contracts		$ (577,374)	$ (918,550)	$ (720,437)	$ (1,181,663)
Change in unrealized gain (loss) on open commodity futures contracts		2,803,813	(274,162)	1,052,325	1,161,938
Realized gain (loss) on short-term investments			42		42
Dividend income		2,787	7,298	5,345	14,377
Interest income	[1]	13,315	72,351	41,422	132,009
ETF transaction fees		1,754	1,750	3,154	4,200
Total Income (Loss)		2,244,295	(1,111,271)	381,809	130,903
Expenses
Management fees (Note 4)		16,759	21,667	29,843	40,371
Professional fees		20,756	24,433	26,988	48,597
Brokerage commissions		1,930	2,338	2,568	3,847
Directors' fees and insurance		386	583	940	1,144
Total Expenses		39,831	49,021	60,339	93,959
Expense waiver (Note 4)		(19,204)	(22,353)	(23,609)	(44,271)
Net Expenses		20,627	26,668	36,730	49,688
Net Income (Loss)		$ 2,223,668	$ (1,137,939)	$ 345,079	$ 81,215
Net Income (Loss) per share (in dollars per share)		$ 3.03	$ (1.37)	$ (0.55)	$ 0.55
Net Income (Loss) per weighted average share (in dollars per share)		$ 3.26	$ (1.49)	$ 0.58	$ 0.11
Weighted average shares outstanding (in shares)		682,967	765,934	595,330	716,022
United States Copper Index Fund \| Maximum
Expenses
Paid in kind interest as a percentage of total interest income		5.00%	5.00%	5.00%	5.00%
USCF Crescent Crypto Index Fund
Gain (loss) on trading of commodity futures contracts:
Realized gain (loss) on closed commodity futures contracts		$ 0
Change in unrealized gain (loss) on open commodity futures contracts		0
Realized gain (loss) on short-term investments		0
Dividend income		0
Interest income		0
ETF transaction fees		0
Total Income (Loss)		0
Expenses
Management fees (Note 4)		0
Professional fees		0
Brokerage commissions		0
Directors' fees and insurance		0
Total Expenses		0
Net Income (Loss)		$ 0
Net Income (Loss) per share (in dollars per share)		$ 0
Net Income (Loss) per weighted average share (in dollars per share)		$ 0
Weighted average shares outstanding (in shares)		0
United States Commodity Index Funds Trust
Gain (loss) on trading of commodity futures contracts:
Realized gain (loss) on closed commodity futures contracts		$ (8,392,934)	$ (13,300,291)	$ (53,502,523)	$ (16,914,409)
Change in unrealized gain (loss) on open commodity futures contracts		10,920,525	(8,413,356)	671,938	11,172,847
Realized gain (loss) on short-term investments		2,261,434	42	2,279,102	42
Dividend income		20,920	108,358	78,947	229,468
Interest income	[1]	324,690	2,348,351	942,024	5,010,050
ETF transaction fees		2,804	10,150	8,754	16,800
Total Income (Loss)		5,137,439	(19,246,746)	(49,521,758)	(485,202)
Expenses
Management fees (Note 4)		264,065	811,164	599,311	1,742,287
Professional fees		93,690	183,776	140,947	372,194
Brokerage commissions		23,149	131,214	78,942	309,644
Directors' fees and insurance		7,751	25,157	34,659	48,007
Total Expenses		388,655	1,151,311	853,859	2,472,132
Expense waiver (Note 4)		(19,204)	(22,353)	(23,609)	(44,271)
Net Expenses		369,451	1,128,958	830,250	2,427,861
Net Income (Loss)		$ 4,767,988	$ (20,375,704)	$ (50,352,008)	$ (2,913,063)

[1]	Interest income does not exceed paid in kind of 5%.

Condensed Statement of Changes

Condensed Statement of Changes in Capital - USD ($)	3 Months Ended		6 Months Ended
Condensed Statement of Changes in Capital - USD ($)	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Net income (loss)			$ (50,352,008)	$ (2,913,063)
United States Commodity Index Fund
Balances, Beginning			189,895,482
Net income (loss)	$ 2,544,320	$ (19,237,765)	(50,697,087)	(2,994,278)
Balances, Ending	126,548,740		126,548,740
Sponsors' shares capital	126,548,740		189,895,482
United States Copper Index Fund
Balances, Beginning			7,015,377
Net income (loss)	2,223,668	(1,137,939)	345,079	81,215
Balances, Ending	15,293,972		15,293,972
Sponsors' shares capital	15,293,972		7,015,377
USCF Crescent Crypto Index Fund
Balances, Beginning			1,000
Net income (loss)	0
Balances, Ending	0		0
Sponsors' shares capital	0		1,000
United States Commodity Index Funds Trust
Balances, Beginning			196,911,859
Net income (loss)	4,767,988	(20,375,704)	(50,352,008)	(2,913,063)
Balances, Ending	141,842,712		141,842,712
Sponsors' shares capital	141,842,712		196,911,859
Sponsor \| United States Commodity Index Fund
Balances, Ending	$ 0	$ 0	$ 0	$ 0
Shares Outstanding, Ending	0	0	0	0
Sponsors' shares outstanding	0	0	0	0
Sponsors' shares capital	$ 0	$ 0	$ 0	$ 0
Sponsor \| United States Copper Index Fund
Balances, Ending	$ 0	$ 0	$ 0	$ 0
Shares Outstanding, Ending	0	0	0	0
Sponsors' shares outstanding	0	0	0	0
Sponsors' shares capital	$ 0	$ 0	$ 0	$ 0
Sponsor \| USCF Crescent Crypto Index Fund
Balances, Beginning	1,000		1,000	0
Additions	0		0	1,000
Redemptions	(1,000)		(1,000)	0
Net income (loss)	0		0	0
Balances, Ending	0	1,000	0	1,000
Sponsors' shares capital	0	1,000	0	1,000
Sponsor \| United States Commodity Index Funds Trust
Balances, Ending	$ 0	$ 1,000	$ 0	$ 1,000
Shares Outstanding, Ending	0	0	0	0
Sponsors' shares outstanding	0	0	0	0
Sponsors' shares capital	$ 0	$ 1,000	$ 0	$ 1,000
Shareholders \| United States Commodity Index Fund
Balances, Beginning	120,168,967	438,572,099	189,895,482	463,042,508
Additions	5,127,140		10,549,302
Redemptions	(1,291,687)	(69,900,892)	(23,198,957)	(110,614,788)
Net income (loss)	2,544,320	(19,237,765)	(50,697,087)	(2,994,278)
Balances, Ending	$ 126,548,740	$ 349,433,442	$ 126,548,740	$ 349,433,442
Additions	200,000	0	350,000	0
Redemptions	(50,000)	(1,850,000)	(750,000)	(2,900,000)
Sponsors' shares capital	$ 126,548,740	$ 349,433,442	$ 126,548,740	$ 349,433,442
Shareholders \| United States Copper Index Fund
Balances, Beginning	8,373,205	16,523,959	7,015,377	11,504,895
Additions	5,391,851	877,151	8,628,268	6,328,250
Redemptions	(694,752)	(5,221,986)	(694,752)	(6,873,175)
Net income (loss)	2,223,668	(1,137,939)	345,079	81,215
Balances, Ending	$ 15,293,972	$ 11,041,185	$ 15,293,972	$ 11,041,185
Additions	350,000	50,000	550,000	350,000
Redemptions	(50,000)	(300,000)	(50,000)	(400,000)
Sponsors' shares capital	$ 15,293,972	$ 11,041,185	$ 15,293,972	$ 11,041,185
Shareholders \| USCF Crescent Crypto Index Fund
Balances, Ending	$ 0	$ 0	$ 0	$ 0
Shares Outstanding, Ending	0	0	0	0
Sponsors' shares outstanding	0	0	0	0
Sponsors' shares capital	$ 0	$ 0	$ 0	$ 0
Shareholders \| United States Commodity Index Funds Trust
Balances, Beginning	128,543,172	455,096,058	196,911,859	474,547,403
Additions	10,518,991	878,151	19,177,570	6,329,250
Redemptions	(1,987,439)	(75,122,878)	(23,894,709)	(117,487,963)
Net income (loss)	4,767,988	(20,375,704)	(50,352,008)	(2,913,063)
Balances, Ending	$ 141,842,712	$ 360,475,627	$ 141,842,712	$ 360,475,627
Additions	550,000	50,000	900,000	350,000
Redemptions	(100,000)	(2,150,000)	(800,000)	(3,300,000)
Sponsors' shares capital	$ 141,842,712	$ 360,475,627	$ 141,842,712	$ 360,475,627

Condensed Statements of Cash Fl

Condensed Statements of Cash Flows - USD ($)		6 Months Ended
Condensed Statements of Cash Flows - USD ($)		Jun. 30, 2020	Jun. 30, 2019
Cash Flows from Operating Activities:
Net income (loss)		$ (50,352,008)	$ (2,913,063)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:
(Increase) decrease in short-term investments		0	295,216
Change in unrealized (gain) loss on open commodity futures contracts		(671,938)	(11,172,847)
(Increase) decrease in receivable from Sponsor		67,629	7,027
(Increase) decrease in dividends receivable		17,541	(12,580)
(Increase) decrease in interest receivable		125	3,680
(Increase) decrease in prepaid insurance	[1]	3,551	(23,679)
(Increase) decrease in prepaid reimbursement		(23,609)	0
(Increase) decrease in ETF transaction fees receivable		350	0
Increase (decrease) in payable due to Broker		1,001,260	12,001
Increase (decrease) in Management fees payable		(57,602)	(98,471)
Increase (decrease) in professional fees payable		(366,240)	(216,349)
Increase (decrease) in brokerage commissions payable		(29,850)	0
Increase (decrease) in directors' fees payable	[1]	(7,036)	(53)
Net cash provided by (used in) operating activities		(50,417,827)	(14,119,118)
Cash Flows from Financing Activities:
Addition of shares		19,177,570	6,329,250
Redemption of shares		(25,738,409)	(117,487,963)
Net cash provided by (used in) financing activities		(6,560,839)	(111,158,713)
Net Increase (Decrease) in Cash and Cash Equivalents		(56,978,666)	(125,277,831)
Total Cash, Cash Equivalents and Equity in Trading Accounts, beginning of period		197,413,898	490,625,457
Total Cash, Cash Equivalents and Equity in Trading Accounts, end of period		140,435,232	365,347,626
United States Commodity Index Fund
Cash Flows from Operating Activities:
Net income (loss)		(50,697,087)	(2,994,278)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:
Change in unrealized (gain) loss on open commodity futures contracts		380,387	(10,010,909)
(Increase) decrease in dividends receivable		17,523	(13,381)
(Increase) decrease in interest receivable		0	3,459
(Increase) decrease in prepaid insurance	[1]	3,991	(23,268)
(Increase) decrease in ETF transaction fees receivable		350	0
Increase (decrease) in payable due to Broker		283,894	0
Increase (decrease) in Management fees payable		(59,909)	(98,246)
Increase (decrease) in professional fees payable		(322,705)	(205,305)
Increase (decrease) in brokerage commissions payable		(29,850)	0
Increase (decrease) in directors' fees payable	[1]	(6,885)	0
Net cash provided by (used in) operating activities		(50,430,291)	(13,341,928)
Cash Flows from Financing Activities:
Addition of shares		10,549,302	0
Redemption of shares		(25,042,657)	(110,614,788)
Net cash provided by (used in) financing activities		(14,493,355)	(110,614,788)
Net Increase (Decrease) in Cash and Cash Equivalents		(64,923,646)	(123,956,716)
Total Cash, Cash Equivalents and Equity in Trading Accounts, beginning of period		190,313,994	478,509,213
Total Cash, Cash Equivalents and Equity in Trading Accounts, end of period		125,390,348	354,552,497
United States Copper Index Fund
Cash Flows from Operating Activities:
Net income (loss)		345,079	81,215
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:
(Increase) decrease in short-term investments		0	295,216
Change in unrealized (gain) loss on open commodity futures contracts		(1,052,325)	(1,161,938)
(Increase) decrease in receivable from Sponsor		67,629	7,027
(Increase) decrease in dividends receivable		18	801
(Increase) decrease in interest receivable		125	221
(Increase) decrease in prepaid insurance	[1]	(440)	(411)
(Increase) decrease in prepaid reimbursement		(23,609)
Increase (decrease) in payable due to Broker		717,366	12,001
Increase (decrease) in Management fees payable		2,307	(225)
Increase (decrease) in professional fees payable		(43,535)	(11,044)
Increase (decrease) in directors' fees payable	[1]	(151)	(53)
Net cash provided by (used in) operating activities		12,464	(777,190)
Cash Flows from Financing Activities:
Addition of shares		8,628,268	6,328,250
Redemption of shares		(694,752)	(6,873,175)
Net cash provided by (used in) financing activities		7,933,516	(544,925)
Net Increase (Decrease) in Cash and Cash Equivalents		7,945,980	(1,322,115)
Total Cash, Cash Equivalents and Equity in Trading Accounts, beginning of period		7,098,904	12,116,244
Total Cash, Cash Equivalents and Equity in Trading Accounts, end of period		15,044,884	10,794,129
USCF Crescent Crypto Index Fund
Cash Flows from Financing Activities:
Addition of shares		0	1,000
Redemption of shares		(1,000)	0
Net cash provided by (used in) financing activities	[2]	(1,000)	1,000
Net Increase (Decrease) in Cash and Cash Equivalents		(1,000)	1,000
Total Cash, Cash Equivalents and Equity in Trading Accounts, beginning of period		1,000	0
Total Cash, Cash Equivalents and Equity in Trading Accounts, end of period		0	1,000
United States Commodity Index Funds Trust
Cash Flows from Operating Activities:
Net income (loss)		$ (50,352,008)	$ (2,913,063)

[1]	Certain prior year amounts have been reclassified for consistency with the current presentation.
[2]	The Sponsor contributed $1,000

Condensed Statements of Cash _2

Condensed Statements of Cash Flows (Parenthetical) - USD ($)		Jun. 30, 2020	Dec. 31, 2019	Jun. 30, 2019	May 08, 2019	Dec. 31, 2018
Components of Cash and Cash Equivalents:
Cash and cash Equivalents		$ 128,744,684		$ 331,708,895
Equity in Trading Accounts:
Cash and cash Equivalents		11,690,548		33,638,731
Total Cash, Cash Equivalents and Equity in Trading Accounts		140,435,232	$ 197,413,898	365,347,626		$ 490,625,457
United States Commodity Index Fund
Components of Cash and Cash Equivalents:
Cash and cash Equivalents		114,398,499	163,036,680	321,509,576
Equity in Trading Accounts:
Cash and cash Equivalents		10,991,849		33,042,921
Total Cash, Cash Equivalents and Equity in Trading Accounts		125,390,348	190,313,994	354,552,497		478,509,213
Sponsor Capital Account		0	0
United States Copper Index Fund
Components of Cash and Cash Equivalents:
Cash and cash Equivalents		14,346,185	6,699,854	10,198,319
Equity in Trading Accounts:
Cash and cash Equivalents		698,699		595,810
Total Cash, Cash Equivalents and Equity in Trading Accounts		15,044,884	7,098,904	10,794,129		12,116,244
Sponsor Capital Account		0	0
USCF Crescent Crypto Index Fund
Components of Cash and Cash Equivalents:
Cash and cash Equivalents		0	1,000	1,000
Equity in Trading Accounts:
Cash and cash Equivalents	[1]	0		0
Total Cash, Cash Equivalents and Equity in Trading Accounts		0	1,000	$ 1,000		$ 0
Sponsor Capital Account		0	1,000		$ 1,000
United States Commodity Index Funds Trust
Components of Cash and Cash Equivalents:
Cash and cash Equivalents		128,744,684	169,737,534
Equity in Trading Accounts:
Sponsor Capital Account		$ 0	$ 1,000

[1]	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).

ORGANIZATION AND BUSINESS

ORGANIZATION AND BUSINESS	6 Months Ended
ORGANIZATION AND BUSINESS	Jun. 30, 2020
ORGANIZATION AND BUSINESS
ORGANIZATION AND BUSINESS	NOTE 1 — The United States Commodity Index Funds Trust (the “Trust”) was organized as a Delaware statutory trust on December 21, 2009. The Trust is a series trust formed pursuant to the Delaware Statutory Trust Act and includes the United States Commodity Index Fund (“USCI”), a commodity pool formed on April 1, 2010 and first made available to the public on August 10, 2010, and the United States Copper Index Fund (“CPER”), a commodity pool formed on November 26, 2010 and first made available to the public on November 15, 2011. A new series of the Trust, the USCF Crescent Crypto Index Fund (“XBET”) was formed on May 7, 2019. A registration statement that had been previously filed for XBET was withdrawn on June 25, 2020. Additional series of the Trust include: the United States Agriculture Index Fund (“USAG”), which was liquidated on September 12, 2018 and distributed cash pro rata to all remaining shareholders, and the USCF Canadian Crude Oil Index Fund (“UCCO”), which never commenced operations and was terminated as a series on May 8, 2019. USCI and CPER each issue shares (“shares”) that may be purchased and sold on the NYSE Arca, Inc. (“NYSE Arca”), and, until September 6, 2018, USAG issued shares that were purchased and sold on NYSE Arca. USCI and CPER are collectively referred to herein as the “Trust Series.” The Trust, and each of its series operates pursuant to the Fourth Amended and Restated Declaration of Trust and Trust Agreement dated as of December 15, 2017 (the “Trust Agreement”). United States Commodity Funds LLC (“USCF”) is the sponsor of the Trust and each of its series and is also responsible for the management of the Trust and each of its series. For purposes of the financial statement presentation, unless specified otherwise, all references will be to the Trust Series. USCF has the power and authority to establish and designate one or more series and to issue shares thereof, from time to time as it deems necessary or desirable. USCF has exclusive power to fix and determine the relative rights and preferences as between the shares of any series as to right of redemption, special and relative rights as to dividends and other distributions and on liquidation, conversion rights, and conditions under which the series shall have separate voting rights or no voting rights. The term for which the Trust is to exist commenced on the date of the filing of the Certificate of Trust, and the Trust and any Trust Series will exist in perpetuity, unless earlier terminated in accordance with the provisions of the Trust Agreement. Separate and distinct records must be maintained for each Trust Series and the assets associated with a Trust Series must be held in such separate and distinct records (directly or indirectly, including a nominee or otherwise) and accounted for in such separate and distinct records separately from the assets of any other Trust Series. Each Trust Series is separate from all other Trust Series created as series of the Trust in respect of the assets and liabilities allocated to that Trust Series and represents a separate investment portfolio of the Trust. The sole Trustee of the Trust is Wilmington Trust Company (the “Trustee”), a Delaware banking corporation. The Trustee is unaffiliated with USCF. The Trustee’s duties and liabilities with respect to the offering of shares and the management of the Trust are limited to its express obligations under the Trust Agreement. USCF is a member of the National Futures Association (the “NFA”) and became a commodity pool operator (“CPO”) registered with the Commodity Futures Trading Commission (the “CFTC”) effective December 1, 2005. The Trust and each Trust Series have a fiscal year ending on December 31. USCF is also the general partner of the United States Oil Fund, LP (“USO”), the United States Natural Gas Fund, LP (“UNG”), the United States 12 Month Oil Fund, LP (“USL”) and the United States Gasoline Fund, LP (“UGA”), which listed their limited partnership shares on the American Stock Exchange (the “AMEX”) under the ticker symbols “USO” on April 10, 2006, “UNG” on April 18, 2007, “USL” on December 6, 2007 and “UGA” on February 26, 2008, respectively. As a result of the acquisition of the AMEX by NYSE Euronext, each of USO’s, UNG’s, USL’s and UGA’s shares commenced trading on the NYSE Arca on November 25, 2008. USCF is also the general partner of the United States 12 Month Natural Gas Fund, LP (“UNL”) and the United States Brent Oil Fund, LP (“BNO”), which listed their limited partnership shares on the NYSE Arca under the ticker symbols “UNL” on November 18, 2009 and “BNO” on June 2, 2010, respectively. USCF previously served as the general partner for the United States Short Oil Fund, LP (“DNO”) and the United States Diesel-Heating Oil Fund, LP (“UHN”), both of which were liquidated in 2018. In addition, USCF was the sponsor of the USCF Funds Trust, a Delaware statutory trust, and each of its series, the United States 3x Oil Fund (“USOU”) and the United States 3x Short Oil Fund (“USOD”), which listed their shares on the NYSE Arca on July 20, 2017 under the ticker symbols "USOU" and "USOD", respectively. Each of USOU and USOD liquidated all of its assets and distributed cash pro rata to all remaining shareholders in December 2019. USO, UNG, UGA, UNL, USL, BNO, USCI and CPER are referred to collectively herein as the “Related Public Funds.” Effective as of May 1, 2012, each of USCI and CPER issue shares to certain authorized purchasers (“Authorized Participants”) by offering baskets consisting of 50,000 shares (“Creation Baskets”) through ALPS Distributors, Inc., as the marketing agent (the “Marketing Agent”). Prior to May 1, 2012, each of USCI and CPER issued shares to Authorized Participants by offering baskets consisting of 100,000 shares through the Marketing Agent. The purchase price for a Creation Basket is based upon the net asset value (“NAV”) of a share calculated shortly after the close of the core trading session on the NYSE Arca on the day the order to create the basket is properly received. Authorized Participants pay each Trust Series a $350 transaction fee for each order placed to create one or more Creation Baskets or to redeem one or more baskets (“Redemption Baskets”), consisting of 50,000 shares. Shares may be purchased or sold on a nationally recognized securities exchange in smaller increments than a Creation Basket or Redemption Basket. Shares purchased or sold on a nationally recognized securities exchange are not purchased or sold at the per share NAV of each Trust Series but rather at market prices quoted on such exchange. The accompanying unaudited condensed financial statements have been prepared in accordance with Rule 10-01 of Regulation S-X promulgated by the SEC and, therefore, do not include all information and footnote disclosure required under generally accepted accounting principles in the United States of America (“U.S. GAAP”). The financial information included herein is unaudited; however, such financial information reflects all adjustments, consisting only of normal recurring adjustments, which are, in the opinion of USCF, necessary for the fair presentation of the condensed financial statements for the interim period.

SUMMARY OF SIGNIFICANT ACCOUNTI

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	6 Months Ended
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	Jun. 30, 2020
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	NOTE 2 — SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Basis of Presentation The condensed financial statements have been prepared in conformity with U.S. GAAP as detailed in the Financial Accounting Standards Board’s (“FASB”) Accounting Standards Codification. Each Trust Series is an investment company and follows the accounting and reporting guidance in FASB Topic 946. The Trust financial statements included its respective series of funds financial statements including USCI, CPER and XBET through June 30, 2020. Revenue Recognition Commodity futures contracts, forward contracts, physical commodities and related options are recorded on the trade date. All such transactions are recorded on the identified cost basis and marked to market daily. Unrealized gains or losses on open contracts are reflected in the condensed statements of financial condition and represent the difference between the original contract amount and the market value (as determined by exchange settlement prices for futures contracts and related options and cash dealer prices at a predetermined time for forward contracts, physical commodities, and their related options) as of the last business day of the year or as of the last date of the condensed financial statements. Changes in the unrealized gains or losses between periods are reflected in the condensed statements of operations. Each Trust Series earns income on funds held at the custodian or a futures commission merchant (“FCM”) at prevailing market rates earned on such investments. Brokerage Commissions Brokerage commissions on all open commodity futures contracts are accrued on a full-turn basis. Income Taxes The Trust Series are not subject to federal income taxes; each investor reports his/her allocable share of income, gain, loss deductions or credits on his/her own income tax return. In accordance with U.S. GAAP, each Trust Series is required to determine whether a tax position is more likely than not to be sustained upon examination by the applicable taxing authority, including resolution of any tax related appeals or litigation processes, based on the technical merits of the position. Each Trust Series files an income tax return in the U.S. federal jurisdiction and may file income tax returns in various U.S. states. None of the Trust Series is subject to income tax return examinations by major taxing authorities for years before 2016. The tax benefit recognized is measured as the largest amount of benefit that has a greater than fifty percent likelihood of being realized upon ultimate settlement. De-recognition of a tax benefit previously recognized results in each Trust Series recording a tax liability that reduces net assets. However, each Trust Series’ conclusions regarding this policy may be subject to review and adjustment at a later date based on factors including, but not limited to, on-going analysis of and changes to tax laws, regulations and interpretations thereof. 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. No interest expense or penalties have been recognized as of and for the period ended June 30, 2020 for any Trust Series. Creations and Redemptions Effective as of May 1, 2012, Authorized Participants may purchase Creation Baskets or redeem Redemption Baskets for USCI and CPER only in blocks of 50,000 shares at a price equal to the NAV of the shares calculated shortly after the close of the core trading session on the NYSE Arca on the day the order is placed. Each Trust Series receives or pays the proceeds from shares sold or redeemed within two business days after the trade date of the purchase or redemption. The amounts due from Authorized Participants are reflected in each Trust Series’ condensed statements of financial condition as receivable for shares sold and amounts payable to Authorized Participants upon redemption are reflected as payable for shares redeemed. Authorized Participants pay each Trust Series a $350 transaction fee for each order placed to create one or more Creation Baskets or to redeem one or more Redemption Baskets. Trust Capital and Allocation of Income and Losses Profit or loss shall be allocated among the shareholders of each Trust Series in proportion to the number of shares each investor holds as of the close of each month. USCF may revise, alter or otherwise modify this method of allocation as described in the Trust Agreement . Calculation of Per Share NAV Each Trust Series’ per share NAV is calculated on each NYSE Arca trading day by taking the current market value of its total assets, subtracting any liabilities and dividing that amount by the total number of shares outstanding. Each Trust Series uses the closing prices on the relevant Futures Exchanges (as defined in Note 3 below) of the Applicable Benchmark Component Futures Contracts (as defined in Note 3 below) that at any given time make up the Applicable Index (as defined in Note 3 below) (determined at the earlier of the close of such exchange or 2:30 p.m. New York time) for the contracts traded on the Futures Exchanges, but calculates or determines the value of all other investments of each Trust Series using market quotations, if available, or other information customarily used to determine the fair value of such investments. Net Income (Loss) Per Share Net income (loss) per share is the difference between the per share NAV at the beginning of each period and at the end of each period. The weighted average number of shares outstanding was computed for purposes of disclosing net income (loss) per weighted average share. 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. As of June 30, 2020, USCF held 5 shares of USCI and 40 shares of CPER. Offering Costs Offering costs incurred in connect ion with the registration of shares prior to the commencement of the offering are borne by USCF. Offering costs incurred in connect ion with the registration of additional shares after the commencement of the offering are borne by each Trust Series. These costs include registration fees paid to regulatory agencies and all legal, accounting, printing and other expenses associated with such offerings. Costs borne by the Trust Series after the commencement of an offering are accounted for as a deferred charge and t hereafter amortized to expense over twelve months on a straight -line basis or a shorter period if warranted. Cash Equivalents Cash equivalents include money market funds and overnight deposits or time deposits with original maturity dates of six months or less. Reclassification Certain amounts in the accompanying condensed financial statements were reclassified to conform to the current presentation. Use of Estimates The preparation of condensed financial statements in conformity with U.S. GAAP requires USCF to make estimates and assumptions that affect the reported amount of assets and liabilities and disclosure of contingent assets and liabilities at the date of the condensed financial statements, and the reported amounts of the revenue and expenses during the reporting period. Actual results may differ from those estimates and assumptions.

TRUST SERIES

TRUST SERIES	6 Months Ended
TRUST SERIES	Jun. 30, 2020
TRUST SERIES
TRUST SERIES	NOTE 3 — TRUST SERIES In connection with the execution of the First Trust Agreement on April 1, 2010, USCI was designated as the first series of the Trust. USCF contributed $1,000 to the Trust upon its formation on December 21, 2009, representing an initial contribution of capital to the Trust. Following the designation of USCI as the first series of the Trust, the initial capital contribution of $1,000 was transferred from the Trust to USCI and deemed an initial contribution to USCI. In connection with the commencement of USCI’s initial offering of shares, USCF received 20 Sponsor Shares of USCI in exchange for the previously received capital contribution, representing a beneficial ownership interest in USCI. On July 30, 2010, USCI received a notice of effectiveness from the SEC for its registration of 50,000,000 shares on Form S-1 with the SEC. On August 10, 2010, USCI listed its shares on the NYSE Arca under the ticker symbol “USCI”. USCI established its initial per share NAV by setting the price at $50.00 and issued 100,000 shares in exchange for $5,000,000 on August 10, 2010. USCI also commenced investment operations on August 10, 2010 by purchasing Futures Contracts traded on the Futures Exchanges. In order to satisfy NYSE Arca listing standards that at least 100,000 shares be outstanding at the beginning of the trading day on the NYSE Arca, USCF purchased the initial Creation Basket from the initial Authorized Participant at the initial offering price. The $1,000 fee that would otherwise be charged to the Authorized Participant in connection with an order to create or redeem was waived in connection with the initial Creation Basket. USCF held such initial Creation Basket until September 3, 2010, at which time the initial Authorized Participant repurchased the shares comprising such basket in accordance with the specified conditions noted above. On September 14, 2011, USCF redeemed the 20 Sponsor Shares of USCI and, on September 19, 2011, USCF purchased 5 shares of USCI in the open market. In connection with the Second Amended and Restated Trust Agreement dated November 10, 2010, USAG and CPER were designated as additional series of the Trust. USCF and the Trustee entered into the Fourth Amended and Restated Declaration of Trust and Trust Agreement effective as of December 15, 2017. Following the designation of USAG and CPER as additional series, USCF made an initial capital contribution of $3,000 to the Trust. On November 10, 2010, the Trust transferred $1,000 to each of USAG and CPER, which was deemed a capital contribution to each series. On November 14, 2011, USCF received 40 Sponsor Shares of CPER in exchange for the previously received capital contribution, representing a beneficial interest in CPER. On December 7, 2011, USCF redeemed the 40 Sponsor Shares of CPER and purchased 40 shares of CPER in the open market. On April 13, 2012, USCF received 40 Sponsor Shares of USAG in exchange for the previously received capital contribution, representing a beneficial interest in USAG. On June 28, 2012, USCF redeemed the 40 Sponsor Shares of USAG and on October 3, 2012, purchased 5 shares of USAG on the open market. On September 7, 2018 all Sponsor Shares of USAG were redeemed and USAG discontinued trading and subsequently liquidated and distributed all proceeds to shareholders, as discussed above. In addition, USCF Canadian Crude Oil Index Fund (“UCCO”) was designated a series on June 1, 2016 and the USCF Crescent Crypto Index Fund (“XBET”) was designated as a series on May 7, 2019. A registration statement that had been previously filed for XBET was withdrawn on June 25, 2020. On March 31, 2018, USCF contributed $1,000 to UCCO, which was deemed an initial capital contribution to the series, and has since been redeemed. UCCO never commenced operations and was terminated as a series on May 8, 2019. Further, on May 8, 2019, USCF contributed $1,000 to XBET in exchange for 20 Sponsor Shares of the series, which was deemed an initial capital contribution to the series. As of June 25, 2020 the Fund had withdrawn its registration. CPER and USAG received notice of effectiveness from the SEC for its registration of 30,000,000 CPER shares and 20,000,000 USAG shares on September 6, 2011. The order to permit listing CPER and USAG on the NYSE Arca was received on October 20, 2011. On November 15, 2011, CPER listed its shares on the NYSE Arca under the ticker symbol “CPER.” CPER established its initial per share NAV by setting the price at $25 and issued 100,000 shares to the initial Authorized Participant, Merrill Lynch Professional Clearing Corp., in exchange for $2,500,000 in cash on November 15, 2011. The $1,000 fee that would otherwise be charged to the Authorized Participant in connection with an order to create or redeem was waived in connection with the initial Creation Basket. As discussed above, USAG liquidated on September 12, 2018 and distributed cash pro rata to all remaining shareholders. USCI’s Investment Objective USCI invests in futures contracts for commodities that are currently traded on the New York Mercantile Exchange (the “NYMEX”), ICE Futures (“ICE Futures”), Chicago Board of Trade (“CBOT”), Chicago Mercantile Exchange (“CME”), London Metal Exchange (“LME”), Commodity Exchange, Inc. (“COMEX”) or on other foreign exchanges (the NYMEX, ICE Futures, CBOT, CME, LME, COMEX and other foreign exchanges, collectively, the “Futures Exchanges”) (such futures contracts, collectively, “Futures Contracts”) and, to a lesser extent, in order to comply with regulatory requirements or in view of market conditions, other commodity-based contracts and instruments such as cash-settled options on Futures Contracts, forward contracts relating to commodities, cleared swap contracts and other non-exchange traded over-the-counter (“OTC”) transactions that are based on the price of commodities and Futures Contracts (collectively, “Other Commodity-Related Investments”). Market conditions that USCF currently anticipates could cause USCI to invest in Other Commodity Related Investments would be those allowing USCI to obtain greater liquidity or to execute transactions with more favorable pricing. Futures Contracts and Other Commodity-Related Investments collectively are referred to as “Commodity Interests.” 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 SummerHaven Dynamic Commodity Index Total Return SM USCI seeks to achieve its investment objective by investing in Futures Contracts and Other Commodity-Related Investments such that daily changes in its per share NAV closely track the daily changes in the price of the SDCI. USCI’s positions in Commodity Interests are rebalanced on a monthly basis in order to track the changing nature of the SDCI. If Futures Contracts relating to a particular commodity remain in the SDCI from one month to the next, such Futures Contracts are rebalanced to the 7.14% target weight. Specifically, on a specified day near the end of each month (the “Selection Date”), it will be determined if a current Benchmark Component Futures Contract will be replaced by a new Futures Contract in either the same or different underlying commodity as a Benchmark Component Futures Contract for the following month, in which case USCI’s investments would have to be changed accordingly. In order that USCI’s trading does not unduly cause extraordinary market movements, and to make it more difficult for third parties to profit by trading based on market movements that could be expected from changes in the Benchmark Component Futures Contracts, USCI’s investments typically are not rebalanced entirely on a single day, but rather typically rebalanced over a period of four days. After fulfilling the margin and collateral requirements with respect to its Commodity Interests, USCF invests the remainder of USCI’s proceeds from the sale of shares in short-term obligations of the United States government (“Treasuries”) or cash equivalents, and/or merely hold such assets in cash (generally in interest-bearing accounts). USCI’s shares began trading on August 10, 2010. As of June 30, 2020, USCI held 535 Futures Contracts on the NYMEX, held 1,580 Futures Contracts on the ICE Futures, held 727 Futures Contracts on the CBOT, held 130 Futures Contracts on the CME, held 944 Futures Contracts on the LME and held 282 Futures Contracts on the COMEX, totaling 4,198 futures contracts. CPER’s Investment Objective The investment objective of CPER is for the daily changes in percentage terms of its shares’ per share NAV to reflect the daily changes in percentage terms of the SummerHaven Copper Index Total Return SM CPER seeks to achieve its investment objective by investing to the fullest extent possible in the Benchmark Component Copper Futures Contracts. Then, if constrained by regulatory requirements or in view of market conditions, CPER will invest next in other Eligible Copper Futures Contracts, and finally to a lesser extent, in other exchange traded futures contracts that are economically identical or substantially similar to the Benchmark Component Copper Futures Contracts if one or more other Eligible Copper Futures Contracts is not available. When CPER has invested to the fullest extent possible in exchange-traded futures contracts, CPER may then invest in other contracts and instruments based on the Benchmark Component Copper Futures Contracts, other Eligible Copper Futures Contracts or copper, such as cash-settled options, forward contracts, cleared swap contracts and swap contracts other than cleared swap contracts. Other exchange-traded futures contracts that are economically identical or substantially similar to the Benchmark Component Copper Futures Contracts and other contracts and instruments based on the Benchmark Component Copper Futures Contracts, are collectively referred to as “Other Copper-Related Investments,” and together with Benchmark Component Copper Futures Contracts and other Eligible Copper Futures Contracts, “Copper Interests.” CPER’s shares began trading on November 15, 2011. As of June 30, 2020, CPER held 225 Futures Contracts on the COMEX. Other Defined Terms – Trust Series The SDCI and the SCI are referred to throughout these Notes to Condensed Financial Statements collectively as the “Applicable Index” or “Indices.” Benchmark Component Futures Contracts and Benchmark Component Copper Futures Contracts are referred to throughout these Notes to Condensed Financial Statements collectively as “Applicable Benchmark Component Futures Contracts.” Other Commodity-Related Investments and Other Copper-Related Investments are referred to throughout these Notes to Condensed Financial Statements collectively as “Other Related Investments.” Trading Advisor and Trustee The Trust Series’ trading advisor is SummerHaven Investment Management, LLC (“SummerHaven”), a Delaware limited liability company that is registered as a commodity trading advisor and CPO with the CFTC and is a member of the NFA. In addition, SummerHaven is registered as an investment adviser under the Investment Advisers Act of 1940 with the SEC. SummerHaven provides advisory services to USCF with respect to the Applicable Index of each Trust Series and the investment decisions of each Trust Series. The Trustee accepts service of legal process on the Trust in the State of Delaware and makes certain filings under the Delaware Statutory Trust Act. The Trustee does not owe any other duties to the Trust, USCF or the shareholders.

FEES PAID BY EACH TRUST SERIES

FEES PAID BY EACH TRUST SERIES AND RELATED PARTY TRANSACTIONS	6 Months Ended
	Jun. 30, 2020
FEES PAID BY EACH TRUST SERIES AND RELATED PARTY TRANSACTIONS
FEES PAID BY EACH TRUST SERIES AND RELATED PARTY TRANSACTIONS	NOTE 4 — FEES PAID BY EACH TRUST SERIES AND RELATED PARTY TRANSACTIONS USCF Management Fee Under the Trust Agreement, USCF is responsible for investing the assets of each Trust Series in accordance with the objectives and policies of each such Trust Series. In addition, USCF has arranged for one or more third parties to provide trading advisory, administrative, custody, accounting, transfer agency and other necessary services to each Trust Series. For these services, each of USCI and CPER is contractually obligated to pay USCF a fee, which is paid monthly, equal to 0.95% per annum of average daily total net assets. Effective January 1, 2016, USCF permanently lowered the management fee to 0.80% (80 basis points) per annum of average daily total net assets for USCI and 0.65% (65 basis points) per annum of average daily total net assets for CPER. Trustee Fee The Trustee is the Delaware trustee of the Trust. In connection with the Trustee’s services, USCF is responsible for paying the Trustee’s annual fee in the amount of $3,000. Ongoing Registration Fees and Other Offering Expenses Each Trust Series pays the costs and expenses associated with the ongoing registration of its shares subsequent to the initial offering. 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. During the six months ended June 30, 2020 and 2019, none of the Trust Series incurred any registration fees or other offering expenses. Independent Directors’ and Officers’ Expenses Each Trust Series is responsible for paying its portion of the directors’ fees and directors’ and officers’ liability insurance for such Trust Series and the Related Public Funds. Each Trust Series shares the fees and expenses on a pro rata basis with each other Trust Series and each Related Public Fund, as described above, based on the relative assets of each fund computed on a daily basis. These fees and expenses for the year ending December 31, 2020 are estimated to be a total of $574,000 for the Trust Series and the Related Public Funds. USCI’s portion of such fees and expenses for the year ending December 31, 2020 is estimated to be a total of $30,000 and CPER’s portion of such fees and expenses for the year ending December 31, 2020 is estimated to be a total of $5,000. Investor Tax Reporting Cost The fees and expenses associated with each Trust Series’ audit expenses and tax accounting and reporting requirements are paid by such Trust Series. These costs are estimated to be $350,000 for the year ending December 31, 2020 for USCI and $70,000 for the year ending December 31, 2020 for CPER. Tax reporting costs fluctuate between years due to the number of shareholders during any given year. Other Expenses and Fees and Expense Waivers In addition to the fees described above, each Trust Series pays all brokerage fees and other expenses in connection with the operation of such Trust Series, excluding costs and expenses paid by USCF as outlined in Note 5 – Contracts and Agreements Note 5 – Contracts and Agreements

CONTRACTS AND AGREEMENTS

CONTRACTS AND AGREEMENTS	6 Months Ended
CONTRACTS AND AGREEMENTS	Jun. 30, 2020
CONTRACTS AND AGREEMENTS
CONTRACTS AND AGREEMENTS	NOTE 5 — CONTRACTS AND AGREEMENTS Marketing Agent Agreement USCF and the Trust, each on its own behalf and on behalf of each Trust Series, are party to a marketing agent agreement, dated as of July 22, 2010, as amended from time to time, with the Marketing Agent, whereby the Marketing Agent provides certain marketing services for each Trust Series as outlined in the agreement. The fee of the Marketing Agent, which is borne by USCF, is equal to 0.06% on each Trust Series’ assets up to $3 billion and 0.04% on each Trust Series’ assets in excess of $3 billion. In no event may the aggregate compensation paid to the Marketing Agent and any affiliate of USCF for distribution-related services exceed 10% of the gross proceeds of each Trust Series’ offering. The above fee does not include website construction and development, which are also borne by USCF. Custody, Transfer Agency and Fund Administration and Accounting Services Agreements USCF engaged The Bank of New York Mellon, a New York corporation authorized to do a banking business ("BNY Mellon"), to provide USO and each of the Related Public Funds with certain custodial, administrative and accounting, and transfer agency services, pursuant to the following agreements with BNY Mellon dated as of March 20, 2020 (together, the "BNY Mellon Agreements"), which were effective as of April 1, 2020: (i) a Custody Agreement; (ii) a Fund Administration and Accounting Agreement; and (iii) a Transfer Agency and Service Agreement. USCF pays the fees of BNY Mellon for its services under the BNY Mellon Agreements and such fees are determined by the parties from time to time. Brown Brothers Harriman and Co. ("BBH&Co.") previously served as the Administrator, Custodian, Transfer Agent and Fund Accounting Agent for USO and the Related Public Funds prior to BNY Mellon commencing such services on April 1, 2020. Certain fund accounting and fund administration services rendered by BBH&Co. to USO and the Related Public Funds terminated on May 31, 2020 to allow for the transition to BNY Mellon. Brokerage and Futures Commission Merchant Agreements On July 7, 2014, the Trust on behalf of each Trust Series entered into a Futures and Cleared Swaps Agreement with Wells Fargo Securities, LLC (“WFS”). In addition, the Trust on behalf of each of USCI and CPER entered into a Futures and Cleared Derivatives Transactions Customer Account Agreement with RBC Capital Markets LLC (“RBC”), in June of 2018. Each of RBC and WFS are referred to as a “Futures Commissions Merchant” or “FCM.” Each of the Trust’s FCM agreements require the FCM to provide services to the applicable Trust Series in connection with the purchase and sale of Futures Contracts and Other Related Investments that may be purchased and sold by or through the FCM for the applicable Trust Series’ account. In accordance with each agreement, the FCM charges the applicable Trust Series commissions of approximately $7 to $8 per round-turn trade, including applicable exchange, clearing and NFA fees for Futures Contracts and options on Futures Contracts. Such fees include those incurred when purchasing Futures Contracts and options on Futures Contracts when each Trust Series issues shares as a result of a Creation Basket, as well as fees incurred when selling Futures Contracts and options on Futures Contracts when each Trust Series redeems shares as a result of a Redemption Basket. Such fees are also incurred when Futures Contracts and options on Futures Contracts are purchased or redeemed for the purpose of rebalancing the portfolio. 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”). USCI Six months ended Six months ended June 30, 2020 June 30, 2019 Total commissions accrued to brokers $ 76,374 $ 305,797 Total commissions as annualized percentage of average total net assets 0.11 % 0.14 % Commissions accrued as a result of rebalancing $ 73,525 $ 295,457 Percentage of commissions accrued as a result of rebalancing 96.27 % 96.62 % Commissions accrued as a result of creation and redemption activity $ 2,849 $ 10,340 Percentage of commissions accrued as a result of creation and redemption activity 3.73 % 3.38 % The decrease in total commissions accrued to brokers for the six months ended June 30, 2020, compared to the six months ended June 30, 2019, was due primarily to a lower number of contracts held and traded. CPER Six months ended Six months ended June 30, 2020 June 30, 2019 Total commissions accrued to brokers $ 2,568 $ 3,847 Total commissions as annualized percentage of average total net assets 0.06 % 0.06 % Commissions accrued as a result of rebalancing $ 2,306 $ 3,378 Percentage of commissions accrued as a result of rebalancing 89.79 % 87.81 % Commissions accrued as a result of creation and redemption activity $ 262 $ 469 Percentage of commissions accrued as a result of creation and redemption activity 10.21 % 12.19 % The decrease in total commissions accrued to brokers for the six months ended June 30, 2020, compared to the six months ended June 30, 2019, was due primarily to a lower number of contracts traded. SummerHaven Agreements USCF is party to an Amended and Restated Advisory Agreement, dated as of May 1, 2018, as amended from time to time, with SummerHaven, whereby SummerHaven provides advisory services to USCF with respect to the Applicable Index for each Trust Series and investment decisions for each Trust Series. SummerHaven’s advisory services include, but are not limited to, general consultation regarding the calculation and maintenance of the Applicable Index for each Trust Series, anticipated changes to each Applicable Index and the nature of each Applicable Index’s current or anticipated component securities. For these services, USCF pays SummerHaven a fee based on a percentage of the average total net assets of each Trust Series. Prior to May 1, 2018, for USCI, the fee was equal to the percentage fees paid to USCF minus 0.14%, with that result multiplied by 0.5, minus 0.06% to arrive at the actual fee paid. Prior to May 1, 2018, for CPER, the fee was equal to the percentage fees paid to USCF minus 0.18%, with that result multiplied by 0.5, minus 0.6% to arrive at the actual fee paid. USCF and SummerHaven amended and restated the existing Advisory Agreement effective as of May 1, 2018. As of May 1, 2018, USCF pays SummerHaven an annual fee of $15,000 per each Trust Series as well as an annual fee of 0.06% of the average daily total net assets of each Trust Series. USCF is also party to an Amended and Restated Licensing Agreement, dated as of May 1, 2018, as amended from time to time, with SummerHaven and SHIM, pursuant to which SHIM grants a license to USCF for the use of certain names and marks, including the Applicable Index for each Trust Series in exchange for a fee to be paid by USCF to SHIM. For the year ended December 31, 2019, USCF paid licensing fees to SummerHaven equal to an annual fee of $15,000 per each Trust Series for the, plus an annual fee of 0.06% of the average daily total net assets of each Trust Series. As a result of the amendment and restatement of the Licensing Agreement and Advisory Agreement in May of 2018, the fees required to be paid by USCF to SummerHaven and SHIM in the aggregate have not changed from the aggregate fees paid by USCF under the two agreements prior to the amendment and restatement.

FINANCIAL INSTRUMENTS, OFF-BALA

FINANCIAL INSTRUMENTS, OFF-BALANCE SHEET RISKS AND CONTINGENCIES	6 Months Ended
	Jun. 30, 2020
FINANCIAL INSTRUMENTS, OFF-BALANCE SHEET RISKS AND CONTINGENCIES
FINANCIAL INSTRUMENTS, OFF-BALANCE SHEET RISKS AND CONTINGENCIES	NOTE 6 — FINANCIAL INSTRUMENTS, OFF-BALANCE SHEET RISKS AND CONTINGENCIES Each Trust Series engages in the trading of futures contracts, options on futures contracts, cleared swaps and OTC swaps (collectively, “derivatives”). As such, each Trust Series is exposed to both market risk, which is the risk arising from changes in the market value of the contracts, and credit risk, which is the risk of failure by another party to perform according to the terms of a contract. Each Trust Series may enter into futures contracts, options on futures contracts and cleared swaps to gain exposure to changes in the value of an underlying commodity. A futures contract obligates the seller to deliver (and the purchaser to accept) the future delivery of a specified quantity and type of a commodity at a specified time and place. Some futures contracts may call for physical delivery of the asset, while others are settled in cash. The contractual obligations of a buyer or seller may generally be satisfied by taking or making physical delivery of the underlying commodity or by making an offsetting sale or purchase of an identical futures contract on the same or linked exchange before the designated date of delivery. Cleared swaps are agreements that are eligible to be cleared by a clearinghouse, e.g., ICE Clear Europe, and provide the efficiencies and benefits that centralized clearing on an exchange offers to traders of futures contracts, including credit risk intermediation and the ability to offset positions initiated with different counterparties. The purchase and sale of futures contracts, options on futures contracts and cleared swaps require margin deposits with an FCM. Additional deposits may be necessary for any loss on contract value. The Commodity Exchange Act requires an FCM to segregate all customer transactions and assets from the FCM’s proprietary activities. Futures contracts, options on futures contracts and cleared swaps involve, to varying degrees, elements of market risk (specifically commodity price risk) and exposure to loss in excess of the amount of variation margin. The face or contract amounts reflect the extent of the total exposure each Trust Series has in the particular classes of instruments. Additional risks associated with the use of futures contracts are an imperfect correlation between movements in the price of the futures contracts and the market value of the underlying securities and the possibility of an illiquid market for a futures contract. Buying and selling options on futures contracts exposes investors to the risks of purchasing or selling futures contracts. All of the futures contracts held by each Trust Series through June 30, 2020 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. However, in the future, if each Trust Series were to enter into non-exchange traded contracts (including Exchange for Related Position or EFRP), it would be subject to the credit risk associated with counterparty non-performance. The credit risk from counterparty non-performance associated with such instruments is the net unrealized gain, if any, on the transaction. Currently, each Trust Series has credit risk under its futures contracts since the sole counterparty to all domestic and foreign futures contracts is the clearinghouse for the exchange on which the relevant contracts are traded. In addition, each Trust Series bears the risk of financial failure by the clearing broker. A novel strain of coronavirus (COVID-19) outbreak was declared a pandemic by the World Health Organization on March 11, 2020. The situation is evolving with various cities and countries around the world responding in different ways to address the outbreak. There are direct and indirect economic effects developing for various industries and individual companies throughout the world. Management will continue to monitor the impact COVID-19 has on the Funds and reflect the consequences as appropriate in the Funds' accounting and financial reporting. The recent pandemic spread of the novel coronavirus and related geopolitical events could lead to increased market volatility, disruption to U.S. and world economies and markets and may have significant adverse effects on the Funds and their investments. A Trust Series’ cash and other property, such as Treasuries, deposited with an FCM are considered commingled with all other customer funds, subject to the FCM’s segregation requirements. In the event of an FCM’s insolvency, recovery may be limited to a pro rata share of segregated funds available. It is possible that the recovered amount could be less than the total of cash and other property deposited. The insolvency of an FCM could result in the complete loss of a Trust Series’ assets posted with that FCM; however, the majority of each Trust Series’ assets are held in investments in Treasuries, cash and/or cash equivalents with the Trust Series’ custodian and would not be impacted by the insolvency of an FCM. The failure or insolvency of the Trust Series’ custodian, however, could result in a substantial loss of each Trust Series’ assets. USCF may invest a portion of each Trust Series’ cash in money market funds that seek to maintain a stable per share NAV. Each Trust Series may be exposed to any risk of loss associated with an investment in such money market funds. As of June 30, 2020 and December 31, 2019, USCI held investments in money market funds in the amounts of $69,404,291 and $19,500,000, respectively. As of June 30, 2020 and December 31, 2019, CPER held investments in money market funds in the amounts of $13,241,443 and $620,000, respectively. Each Trust Series also holds cash deposits with its custodian. As of June 30, 2020 and December 31, 2019, USCI held cash deposits and investments in Treasuries in the amounts of $55,986,057 and $170,813,994, respectively, with the custodian and FCMs. As of June 30, 2020 and December 31, 2019, CPER held cash deposits and investments in Treasuries in the amounts of $1,803,441 and $6,478,904, 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. For derivatives, risks arise from changes in the market value of the contracts. Theoretically, each Trust Series is exposed to market risk equal to the value of Futures Contracts purchased and unlimited liability on such contracts sold short. As both a buyer and a seller of options, each Trust Series pays or receives a premium at the outset and then bears the risk of unfavorable changes in the price of the contract underlying the option. The Trust Series’ policy is to continuously monitor its exposure to market and counterparty risk through the use of a variety of financial, position and credit exposure reporting controls and procedures. In addition, the Trust Series or USCF have a policy of requiring review of the credit standing of each broker or counterparty with which they conduct business. The financial instruments held by the applicable Trust Series are reported in its condensed statements of financial condition at market or fair value, or at carrying amounts that approximate fair value, because of their highly liquid nature and short-term maturity.

FINANCIAL HIGHLIGHTS

FINANCIAL HIGHLIGHTS	6 Months Ended
FINANCIAL HIGHLIGHTS	Jun. 30, 2020
FINANCIAL HIGHLIGHTS
FINANCIAL HIGHLIGHTS	NOTE 7 — FINANCIAL HIGHLIGHTS The following table presents per share performance data and other supplemental financial data for the three and six months ended June 30, 2020 and 2019 for the shareholders. This information has been derived from information presented in the condensed financial statements. USCI Three Months Ended Three Months Ended Six months ended Six months ended June 30, 2020 June 30, 2019 June 30, 2020 June 30, 2019 (Unaudited) (Unaudited) (Unaudited) (Unaudited) Per Share Operating Performance: Net asset value, beginning of period $ 26.12 $ 38.81 $ 36.87 $ 37.49 Total income (loss) 0.59 (1.72) (10.07) (0.30) Total expenses (0.07) (0.11) (0.16) (0.21) Net increase (decrease) in net asset value 0.52 (1.83) (10.23) (0.51) Net asset value, end of period $ 26.64 $ 36.98 $ 26.64 $ 36.98 Total Return 1.99 % (4.72) % (27.75) % (1.36) % Ratios to Average Net Assets Total income (loss) 2.33 % (4.58) % (34.86) % (0.14) % Management fees* 0.80 % 0.81 % 0.80 % 0.80 % Expenses excluding management fees* 0.33 % 0.32 % 0.31 % 0.32 % Net income (loss) 2.05 % (4.86) % (35.42) % (0.70) % * Annualized. CPER Three Months Ended Three Months Ended Six months ended Six months ended June 30, 2020 June 30, 2019 June 30, 2020 June 30, 2019 (Unaudited) (Unaudited) (Unaudited) (Unaudited) Per Share Operating Performance: Net asset value, beginning of period $ 13.96 $ 18.36 $ 17.54 $ 16.44 Total income (loss) 3.06 (1.33) (0.49) 0.62 Total expenses (0.03) (0.04) (0.06) (0.07) Net increase (decrease) in net asset value 3.03 (1.37) (0.55) 0.55 Net asset value, end of period $ 16.99 $ 16.99 $ 16.99 $ 16.99 Total Return 21.70 % (7.46) % (3.14) % 3.35 % Ratios to Average Net Assets Total income (loss) 21.64 % (8.31) % 4.14 % 1.05 % Management fees* 0.65 %† 0.66 %† 0.65 %† 0.65 %† Total expenses excluding management fees* 0.89 % 0.83 % 0.66 % 0.86 % Expense waived* (0.74) %† (0.68) %† (0.51) %† (0.71) %† Net expense excluding management fees* 0.15 % 0.15 % 0.15 % 0.15 % Net income (loss) 21.44 % (8.51) % 3.73 % 0.65 % * Annualized. † USCF paid certain expenses on a discretionary basis typically borne by CPER where expenses exceeded 0.15% (15 basis points) of CPER’s NAV, on an annualized basis. USCF has no obligation to continue such payments into subsequent periods. Total returns are calculated based on the change in value during the period. An individual shareholder’s total return and ratio may vary from the above total returns and ratios based on the timing of contributions to and withdrawals from each Trust Series.

FAIR VALUE OF FINANCIAL INSTRUM

FAIR VALUE OF FINANCIAL INSTRUMENTS	6 Months Ended
FAIR VALUE OF FINANCIAL INSTRUMENTS	Jun. 30, 2020
FAIR VALUE OF FINANCIAL INSTRUMENTS
FAIR VALUE OF FINANCIAL INSTRUMENTS	NOTE 8 — FAIR VALUE OF FINANCIAL INSTRUMENTS The Trust and each Trust Series value their investments in accordance with Accounting Standards Codification 820 – Fair Value Measurements and Disclosures (“ASC 820”). ASC 820 defines fair value, establishes a framework for measuring fair value in generally accepted accounting principles, and expands disclosures about fair value measurement. The changes to past practice resulting from the application of ASC 820 relate to the definition of fair value, the methods used to measure fair value, and the expanded disclosures about fair value measurement. ASC 820 establishes a fair value hierarchy that distinguishes between: (1) market participant assumptions developed based on market data obtained from sources independent of the Trust and each Trust Series (observable inputs) and (2) the Trust’s and each Trust Series’ own assumptions about market participant assumptions developed based on the best information available under the circumstances (unobservable inputs). The three levels defined by the ASC 820 hierarchy are as follows: Level I – Quoted prices (unadjusted) in active markets for identical Level II – Inputs other than quoted prices included within Level I that are observable for the asset or liability, either directly or indirectly. Level II assets include the following: quoted prices for similar Level III – Unobservable pricing input at the measurement date for the asset or liability. Unobservable inputs shall be used to measure fair value to the extent that observable inputs are not available. In some instances, the inputs used to measure fair value might fall within different levels of the fair value hierarchy. 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. The following table summarizes the valuation of USCI’s securities at June 30, 2020 using the fair value hierarchy: At June 30, 2020 Total Level I Level II Level III Short-Term Investments $ 125,360,268 $ 125,360,268 $ — $ — Exchange-Traded Futures Contracts United States Contracts 870,675 870,675 — — Foreign Contracts 887,806 887,806 — — The following table summarizes the valuation of USCI’s securities at December 31, 2019 using the fair value hierarchy: At December 31, 2019 Total Level I Level II Level III Short-Term Investments $ 188,989,355 $ 188,989,355 $ — $ — Exchange-Traded Futures Contracts Foreign Contracts (2,381,779) (2,381,779) — — United States Contracts 4,520,647 4,520,647 — — The following table summarizes the valuation of CPER’s securities at June 30, 2020 using the fair value hierarchy: At June 30, 2020 Total Level I Level II Level III Short-Term Investments $ 15,038,366 $ 15,038,366 $ — $ — Exchange-Traded Futures Contracts United States Contracts 1,398,575 1,398,575 — — The following table summarizes the valuation of CPER’s securities at December 31, 2019 using the fair value hierarchy: At December 31, 2019 Total Level I Level II Level III Short-Term Investments $ 7,096,018 $ 7,096,018 $ — $ — Exchange-Traded Futures Contracts United States Contracts 346,250 346,250 — — The Trust and each Trust Series have adopted the provisions of Accounting Standards Codification 815 — Derivatives and Hedging, which require presentation of qualitative disclosures about objectives and strategies for using derivatives, quantitative disclosures about fair value amounts and gains and losses on derivatives. Fair Value of Derivative Instruments Held by USCI Derivatives not Condensed Accounted for Statements of Fair Value at Fair Value at as Hedging Financial June 30, December 31, Instruments Condition Location 2020 2019 Futures - Commodity Contracts Assets $ 1,758,481 $ 2,138,868 Fair Value of Derivative Instruments Held by CPER Derivatives not Condensed Accounted for Statements of Fair Value at Fair Value at as Hedging Financial June 30, December 31, Instruments Condition Location 2020 2019 Futures - Commodity Contracts Assets $ 1,398,575 $ 346,250 The Effect of Derivative Instruments on the Condensed Statements of Operations of USCI For the six months ended For the six months ended June 30, 2020 June 30, 2019 Change in Change in Location of Realized Unrealized Realized Unrealized Derivatives not Gain (Loss) Gain (Loss) Gain (Loss) on Gain (Loss) in Gain (Loss) on Accounted for on Derivatives on Derivatives Derivatives Derivatives Derivatives as Hedging Recognized in Recognized in Recognized in Recognized in Recognized in Instruments Income Income Income Income Income Futures - Commodity Contracts Realized gain (loss) on closed positions $ (52,782,086) $ (15,732,746) Change in unrealized gain (loss) on open positions $ (380,387) $ 10,019,909 The Effect of Derivative Instruments on the Condensed Statements of Operations of CPER For the six months ended For the six months ended June 30, 2020 June 30, 2019 Change in Change in Location of Realized Unrealized Realized Unrealized Derivatives not Gain (Loss) Gain (Loss) Gain (Loss) on Gain (Loss) Gain (Loss) on Accounted for on Derivatives on Derivatives Derivatives in Derivatives Derivatives as Hedging Recognized in Recognized in Recognized in Recognized in Recognized in Instruments Income Income Income Income Income Futures - Commodity Contracts Realized gain (loss) on closed positions $ (720,437) $ (1,181,663) Change in unrealized gain (loss) on open positions $ 1,052,325 $ 1,161,938

RECENT ACCOUNTING PRONOUNCEMENT

RECENT ACCOUNTING PRONOUNCEMENTS	6 Months Ended
RECENT ACCOUNTING PRONOUNCEMENTS	Jun. 30, 2020
RECENT ACCOUNTING PRONOUNCEMENTS
RECENT ACCOUNTING PRONOUNCEMENTS	NOTE 9 - RECENT ACCOUNTING PRONOUNCEMENTS In August 2018, the FASB issued Accounting Standards Update ("ASU") No. 2018-13, which changes certain fair value measurement disclosure requirements. The new ASU, in addition to other modifications and additions, removes the requirement to disclose the amount and reasons for transfers between Level 1 and Level 2 of the fair value hierarchy, and the Trust Series' policy for the timing of transfers between levels. The amendments are effective for financial statements issued for fiscal years beginning after December 15, 2019, and interim periods within those fiscal years. The Trust Series has evaluated the implications of certain provisions of the ASU and has determined that there will be no material impacts to the financial statements.

SUBSEQUENT EVENTS

SUBSEQUENT EVENTS	6 Months Ended
SUBSEQUENT EVENTS	Jun. 30, 2020
SUBSEQUENT EVENTS
SUBSEQUENT EVENTS	NOTE 10 — SUBSEQUENT EVENTS The Trust and each Trust Series have performed an evaluation of subsequent events through the date the condensed financial statements were issued. This evaluation did not result in any subsequent events that necessitated disclosures and/or adjustments other than the following: USCF was named as a defendant in a putative stockholder class action on July 10, 2020 by Momo Wang, individually and on behalf of others similarly situated, against defendants United States Oil Fund, LP (“USO”), USCF, John P. Love, Stuart P. Crumbaugh, Nicholas D. Gerber, Andrew F. Ngim, Robert L. Nguyen, Peter M. Robinson, Gordon L. Ellis, Malcolm R. Fobes III, ABN Amro, BNP Paribas Securities Corp., Citadel Securities LLC, Citigroup Global Market Inc., Credit Suisse Securities USA LLC, Deutsche Bank Securities Inc., Goldman Sachs & Company, JP Morgan Securities Inc., Merrill Lynch Professional Clearing Corp., Morgan Stanley & Company Inc., Nomura Securities International Inc., RBC Capital Markets LLC, SG Americas Securities LLC, UBS Securities LLC, and Virtu Financial BD LLC. The putative class action complaint alleged that beginning in March 2020, in connection with USO's registration and issuance of additional USO shares, defendants failed to disclose to investors certain extraordinary market conditions and the attendant risks that caused the demand for oil to fall precipitously, including the COVID-19 global pandemic and the Saudi Arabia-Russia oil price war. The plaintiff alleged that defendants possessed inside knowledge about the consequences of these converging adverse events on USO and did not sufficiently acknowledge them until late April and May 2020, after USO suffered losses and was allegedly forced to abandon its investment strategy. The putative stockholder class action was pending in the U.S. District Court for the Northern District of California as Case No. 3:20-cv-4596 but was voluntarily dismissed effective August 4, 2020. USCF was named as a defendant in a purported stockholder class action on July 31, 2020 by Moshe Ephrati, individually and on behalf of others similarly situated, against defendants USCF, USO, John P. Love and Stuart P. Crumbaugh. The stockholder class action is pending in the U.S. District Court for the Southern District of New York as Civil Action No. 1:20-cv-06010. The putative class action complaint alleges that beginning in March 2020, in connection with USO's registration and issuance of additional USO shares, defendants failed to disclose to investors certain extraordinary market conditions and the attendant risks that caused the demand for oil to fall precipitously, including the COVID-19 global pandemic and the Saudi Arabia-Russia oil price war. Plaintiff alleges that defendants possessed inside knowledge about the consequences of these converging adverse events on USO and did not sufficiently acknowledge them until late April and May 2020, after USO suffered losses and was allegedly forced to abandon its investment strategy. The complaint seeks to certify a class and award the class compensatory damages at an amount to be determined at trial. Since this stockholder class action makes the same substantive claims made against the same defendants in the stockholder class action commenced by Robert Lucas on June 19, 2020, which is summarized above in “Part II. Other Information - Item 1. Legal Proceedings,” and is also pending in the U.S. District Court for the Southern District of New York as Civil Action No. 1:20-cv-04740, it is expected that these two stockholder class actions will be consolidated. The defendants intend to vigorously contest the claims and move for their dismissal. USCF may have additional actions filed against it based on similar allegations as those that were made in the putative class actions that have been reported.

SUMMARY OF SIGNIFICANT ACCOUN_2

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	6 Months Ended
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	Jun. 30, 2020
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Basis of Presentation	Basis of Presentation The condensed financial statements have been prepared in conformity with U.S. GAAP as detailed in the Financial Accounting Standards Board’s (“FASB”) Accounting Standards Codification. Each Trust Series is an investment company and follows the accounting and reporting guidance in FASB Topic 946. The Trust financial statements included its respective series of funds financial statements including USCI, CPER and XBET through June 30, 2020.
Revenue Recognition	Revenue Recognition Commodity futures contracts, forward contracts, physical commodities and related options are recorded on the trade date. All such transactions are recorded on the identified cost basis and marked to market daily. Unrealized gains or losses on open contracts are reflected in the condensed statements of financial condition and represent the difference between the original contract amount and the market value (as determined by exchange settlement prices for futures contracts and related options and cash dealer prices at a predetermined time for forward contracts, physical commodities, and their related options) as of the last business day of the year or as of the last date of the condensed financial statements. Changes in the unrealized gains or losses between periods are reflected in the condensed statements of operations. Each Trust Series earns income on funds held at the custodian or a futures commission merchant (“FCM”) at prevailing market rates earned on such investments.
Brokerage Commissions	Brokerage Commissions Brokerage commissions on all open commodity futures contracts are accrued on a full-turn basis.
Income Taxes	Income Taxes The Trust Series are not subject to federal income taxes; each investor reports his/her allocable share of income, gain, loss deductions or credits on his/her own income tax return. In accordance with U.S. GAAP, each Trust Series is required to determine whether a tax position is more likely than not to be sustained upon examination by the applicable taxing authority, including resolution of any tax related appeals or litigation processes, based on the technical merits of the position. Each Trust Series files an income tax return in the U.S. federal jurisdiction and may file income tax returns in various U.S. states. None of the Trust Series is subject to income tax return examinations by major taxing authorities for years before 2016. The tax benefit recognized is measured as the largest amount of benefit that has a greater than fifty percent likelihood of being realized upon ultimate settlement. De-recognition of a tax benefit previously recognized results in each Trust Series recording a tax liability that reduces net assets. However, each Trust Series’ conclusions regarding this policy may be subject to review and adjustment at a later date based on factors including, but not limited to, on-going analysis of and changes to tax laws, regulations and interpretations thereof. 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. No interest expense or penalties have been recognized as of and for the period ended June 30, 2020 for any Trust Series.
Creations and Redemptions	Creations and Redemptions Effective as of May 1, 2012, Authorized Participants may purchase Creation Baskets or redeem Redemption Baskets for USCI and CPER only in blocks of 50,000 shares at a price equal to the NAV of the shares calculated shortly after the close of the core trading session on the NYSE Arca on the day the order is placed. Each Trust Series receives or pays the proceeds from shares sold or redeemed within two business days after the trade date of the purchase or redemption. The amounts due from Authorized Participants are reflected in each Trust Series’ condensed statements of financial condition as receivable for shares sold and amounts payable to Authorized Participants upon redemption are reflected as payable for shares redeemed. Authorized Participants pay each Trust Series a $350 transaction fee for each order placed to create one or more Creation Baskets or to redeem one or more Redemption Baskets.
Trust Capital and Allocation of Income and Losses	Trust Capital and Allocation of Income and Losses Profit or loss shall be allocated among the shareholders of each Trust Series in proportion to the number of shares each investor holds as of the close of each month. USCF may revise, alter or otherwise modify this method of allocation as described in the Trust Agreement .
Calculation of Per Share NAV	Calculation of Per Share NAV Each Trust Series’ per share NAV is calculated on each NYSE Arca trading day by taking the current market value of its total assets, subtracting any liabilities and dividing that amount by the total number of shares outstanding. Each Trust Series uses the closing prices on the relevant Futures Exchanges (as defined in Note 3 below) of the Applicable Benchmark Component Futures Contracts (as defined in Note 3 below) that at any given time make up the Applicable Index (as defined in Note 3 below) (determined at the earlier of the close of such exchange or 2:30 p.m. New York time) for the contracts traded on the Futures Exchanges, but calculates or determines the value of all other investments of each Trust Series using market quotations, if available, or other information customarily used to determine the fair value of such investments.
Net Income (Loss) Per Share	Net Income (Loss) Per Share Net income (loss) per share is the difference between the per share NAV at the beginning of each period and at the end of each period. The weighted average number of shares outstanding was computed for purposes of disclosing net income (loss) per weighted average share. 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. As of June 30, 2020, USCF held 5 shares of USCI and 40 shares of CPER.
Offering Costs	Offering Costs Offering costs incurred in connect ion with the registration of shares prior to the commencement of the offering are borne by USCF. Offering costs incurred in connect ion with the registration of additional shares after the commencement of the offering are borne by each Trust Series. These costs include registration fees paid to regulatory agencies and all legal, accounting, printing and other expenses associated with such offerings. Costs borne by the Trust Series after the commencement of an offering are accounted for as a deferred charge and t hereafter amortized to expense over twelve months on a straight -line basis or a shorter period if warranted.
Cash Equivalents	Cash Equivalents Cash equivalents include money market funds and overnight deposits or time deposits with original maturity dates of six months or less.
Reclassification	Reclassification Certain amounts in the accompanying condensed financial statements were reclassified to conform to the current presentation.
Use of Estimates	Use of Estimates The preparation of condensed financial statements in conformity with U.S. GAAP requires USCF to make estimates and assumptions that affect the reported amount of assets and liabilities and disclosure of contingent assets and liabilities at the date of the condensed financial statements, and the reported amounts of the revenue and expenses during the reporting period. Actual results may differ from those estimates and assumptions.

CONTRACTS AND AGREEMENTS (Table

CONTRACTS AND AGREEMENTS (Tables)	6 Months Ended
CONTRACTS AND AGREEMENTS (Tables)	Jun. 30, 2020
CONTRACTS AND AGREEMENTS
Schedule of brokerage and futures commission	USCI Six months ended Six months ended June 30, 2020 June 30, 2019 Total commissions accrued to brokers $ 76,374 $ 305,797 Total commissions as annualized percentage of average total net assets 0.11 % 0.14 % Commissions accrued as a result of rebalancing $ 73,525 $ 295,457 Percentage of commissions accrued as a result of rebalancing 96.27 % 96.62 % Commissions accrued as a result of creation and redemption activity $ 2,849 $ 10,340 Percentage of commissions accrued as a result of creation and redemption activity 3.73 % 3.38 % The decrease in total commissions accrued to brokers for the six months ended June 30, 2020, compared to the six months ended June 30, 2019, was due primarily to a lower number of contracts held and traded. CPER Six months ended Six months ended June 30, 2020 June 30, 2019 Total commissions accrued to brokers $ 2,568 $ 3,847 Total commissions as annualized percentage of average total net assets 0.06 % 0.06 % Commissions accrued as a result of rebalancing $ 2,306 $ 3,378 Percentage of commissions accrued as a result of rebalancing 89.79 % 87.81 % Commissions accrued as a result of creation and redemption activity $ 262 $ 469 Percentage of commissions accrued as a result of creation and redemption activity 10.21 % 12.19 % The decrease in total commissions accrued to brokers for the six months ended June 30, 2020, compared to the six months ended June 30, 2019, was due primarily to a lower number of contracts traded.

FINANCIAL HIGHLIGHTS (Tables)

FINANCIAL HIGHLIGHTS (Tables)	6 Months Ended
FINANCIAL HIGHLIGHTS (Tables)	Jun. 30, 2020
FINANCIAL HIGHLIGHTS
Schedule of per share performance data and other supplemental financial data for each Trust Series	The following table presents per share performance data and other supplemental financial data for the three and six months ended June 30, 2020 and 2019 for the shareholders. This information has been derived from information presented in the condensed financial statements. USCI Three Months Ended Three Months Ended Six months ended Six months ended June 30, 2020 June 30, 2019 June 30, 2020 June 30, 2019 (Unaudited) (Unaudited) (Unaudited) (Unaudited) Per Share Operating Performance: Net asset value, beginning of period $ 26.12 $ 38.81 $ 36.87 $ 37.49 Total income (loss) 0.59 (1.72) (10.07) (0.30) Total expenses (0.07) (0.11) (0.16) (0.21) Net increase (decrease) in net asset value 0.52 (1.83) (10.23) (0.51) Net asset value, end of period $ 26.64 $ 36.98 $ 26.64 $ 36.98 Total Return 1.99 % (4.72) % (27.75) % (1.36) % Ratios to Average Net Assets Total income (loss) 2.33 % (4.58) % (34.86) % (0.14) % Management fees* 0.80 % 0.81 % 0.80 % 0.80 % Expenses excluding management fees* 0.33 % 0.32 % 0.31 % 0.32 % Net income (loss) 2.05 % (4.86) % (35.42) % (0.70) % * Annualized. CPER Three Months Ended Three Months Ended Six months ended Six months ended June 30, 2020 June 30, 2019 June 30, 2020 June 30, 2019 (Unaudited) (Unaudited) (Unaudited) (Unaudited) Per Share Operating Performance: Net asset value, beginning of period $ 13.96 $ 18.36 $ 17.54 $ 16.44 Total income (loss) 3.06 (1.33) (0.49) 0.62 Total expenses (0.03) (0.04) (0.06) (0.07) Net increase (decrease) in net asset value 3.03 (1.37) (0.55) 0.55 Net asset value, end of period $ 16.99 $ 16.99 $ 16.99 $ 16.99 Total Return 21.70 % (7.46) % (3.14) % 3.35 % Ratios to Average Net Assets Total income (loss) 21.64 % (8.31) % 4.14 % 1.05 % Management fees* 0.65 %† 0.66 %† 0.65 %† 0.65 %† Total expenses excluding management fees* 0.89 % 0.83 % 0.66 % 0.86 % Expense waived* (0.74) %† (0.68) %† (0.51) %† (0.71) %† Net expense excluding management fees* 0.15 % 0.15 % 0.15 % 0.15 % Net income (loss) 21.44 % (8.51) % 3.73 % 0.65 % * Annualized. † USCF paid certain expenses on a discretionary basis typically borne by CPER where expenses exceeded 0.15% (15 basis points) of CPER’s NAV, on an annualized basis. USCF has no obligation to continue such payments into subsequent periods.

FAIR VALUE OF FINANCIAL INSTR_2

FAIR VALUE OF FINANCIAL INSTRUMENTS (Tables)	6 Months Ended
FAIR VALUE OF FINANCIAL INSTRUMENTS (Tables)	Jun. 30, 2020
FAIR VALUE OF FINANCIAL INSTRUMENTS
Schedule of summary of valuation of Usci's, Cper's, Usag's and Usmi's securities using fair value hierarchy	The following table summarizes the valuation of USCI’s securities at June 30, 2020 using the fair value hierarchy: At June 30, 2020 Total Level I Level II Level III Short-Term Investments $ 125,360,268 $ 125,360,268 $ — $ — Exchange-Traded Futures Contracts United States Contracts 870,675 870,675 — — Foreign Contracts 887,806 887,806 — — The following table summarizes the valuation of USCI’s securities at December 31, 2019 using the fair value hierarchy: At December 31, 2019 Total Level I Level II Level III Short-Term Investments $ 188,989,355 $ 188,989,355 $ — $ — Exchange-Traded Futures Contracts Foreign Contracts (2,381,779) (2,381,779) — — United States Contracts 4,520,647 4,520,647 — — The following table summarizes the valuation of CPER’s securities at June 30, 2020 using the fair value hierarchy: At June 30, 2020 Total Level I Level II Level III Short-Term Investments $ 15,038,366 $ 15,038,366 $ — $ — Exchange-Traded Futures Contracts United States Contracts 1,398,575 1,398,575 — — The following table summarizes the valuation of CPER’s securities at December 31, 2019 using the fair value hierarchy: At December 31, 2019 Total Level I Level II Level III Short-Term Investments $ 7,096,018 $ 7,096,018 $ — $ — Exchange-Traded Futures Contracts United States Contracts 346,250 346,250 — —
Schedule of fair value of derivative instruments held by Usci, Cper, Usag and Usmi	Fair Value of Derivative Instruments Held by USCI Derivatives not Condensed Accounted for Statements of Fair Value at Fair Value at as Hedging Financial June 30, December 31, Instruments Condition Location 2020 2019 Futures - Commodity Contracts Assets $ 1,758,481 $ 2,138,868 Fair Value of Derivative Instruments Held by CPER Derivatives not Condensed Accounted for Statements of Fair Value at Fair Value at as Hedging Financial June 30, December 31, Instruments Condition Location 2020 2019 Futures - Commodity Contracts Assets $ 1,398,575 $ 346,250
Schedule of effect of derivative instruments on condensed statements of operations of Usci, Cper, Usag and Usmi	The Effect of Derivative Instruments on the Condensed Statements of Operations of USCI For the six months ended For the six months ended June 30, 2020 June 30, 2019 Change in Change in Location of Realized Unrealized Realized Unrealized Derivatives not Gain (Loss) Gain (Loss) Gain (Loss) on Gain (Loss) in Gain (Loss) on Accounted for on Derivatives on Derivatives Derivatives Derivatives Derivatives as Hedging Recognized in Recognized in Recognized in Recognized in Recognized in Instruments Income Income Income Income Income Futures - Commodity Contracts Realized gain (loss) on closed positions $ (52,782,086) $ (15,732,746) Change in unrealized gain (loss) on open positions $ (380,387) $ 10,019,909 The Effect of Derivative Instruments on the Condensed Statements of Operations of CPER For the six months ended For the six months ended June 30, 2020 June 30, 2019 Change in Change in Location of Realized Unrealized Realized Unrealized Derivatives not Gain (Loss) Gain (Loss) Gain (Loss) on Gain (Loss) Gain (Loss) on Accounted for on Derivatives on Derivatives Derivatives in Derivatives Derivatives as Hedging Recognized in Recognized in Recognized in Recognized in Recognized in Instruments Income Income Income Income Income Futures - Commodity Contracts Realized gain (loss) on closed positions $ (720,437) $ (1,181,663) Change in unrealized gain (loss) on open positions $ 1,052,325 $ 1,161,938

ORGANIZATION AND BUSINESS (Addi

ORGANIZATION AND BUSINESS (Additional Information) (Details) - USD ($)	Jun. 30, 2020	May 08, 2019	Mar. 31, 2018	Nov. 15, 2011	Nov. 10, 2010	Aug. 10, 2010
ORGANIZATION AND BUSINESS
Fee paid by Authorized Purchasers for each order placed to create one or more Creation Baskets or to redeem one or more baskets						$ 1,000
United States Commodity Index Fund
ORGANIZATION AND BUSINESS
Fee paid by Authorized Purchasers for each order placed to create one or more Creation Baskets or to redeem one or more baskets		$ 1,000
United States Commodity Index Fund \| Creation Baskets \| Effective as of May 1, 2012
ORGANIZATION AND BUSINESS
Number of Units per basket	50,000
United States Commodity Index Fund \| Marketing Agent \| Prior to May 1, 2012
ORGANIZATION AND BUSINESS
Number of Units per basket	100,000
United States Commodity Index Fund \| Creation Basket
ORGANIZATION AND BUSINESS
Fee paid by Authorized Purchasers for each order placed to create one or more Creation Baskets or to redeem one or more baskets	$ 350
United States Copper Index Fund
ORGANIZATION AND BUSINESS
Fee paid by Authorized Purchasers for each order placed to create one or more Creation Baskets or to redeem one or more baskets			$ 1,000	$ 1,000	$ 1,000
United States Copper Index Fund \| Creation Baskets \| Effective as of May 1, 2012
ORGANIZATION AND BUSINESS
Number of Units per basket	50,000

SUMMARY OF SIGNIFICANT ACCOUN_3

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Additional Information) (Details) - USD ($)	6 Months Ended
	Jun. 30, 2020	May 08, 2019	Mar. 31, 2018	Nov. 15, 2011	Nov. 10, 2010	Aug. 10, 2010
Significant Accounting Policies
Income tax interest expense or penalties	$ 0
Cash equivalents maturity period	6 months
Fee paid by Authorized Purchasers for each order placed to create one or more Creation Baskets or to redeem one or more baskets						$ 1,000
United States Commodity Index Fund
Significant Accounting Policies
Weighted Average Number of Shares Outstanding, Basic	5
Fee paid by Authorized Purchasers for each order placed to create one or more Creation Baskets or to redeem one or more baskets		$ 1,000
United States Commodity Index Fund \| Creation Baskets \| Effective as of May 1, 2012
Significant Accounting Policies
Weighted Average Number of Shares Outstanding, Basic	50,000
United States Commodity Index Fund \| Redemption Baskets
Significant Accounting Policies
Fee paid by Authorized Purchasers for each order placed to create one or more Creation Baskets or to redeem one or more baskets	$ 350
United States Copper Index Fund
Significant Accounting Policies
Weighted Average Number of Shares Outstanding, Basic	40
Fee paid by Authorized Purchasers for each order placed to create one or more Creation Baskets or to redeem one or more baskets			$ 1,000	$ 1,000	$ 1,000

TRUST SERIES (Additional Inform

TRUST SERIES (Additional Information) (Details)	May 08, 2019USD ($)shares	Oct. 03, 2012shares	Jun. 28, 2012shares	Apr. 13, 2012shares	Dec. 07, 2011shares	Nov. 14, 2011shares	Sep. 14, 2011shares	Sep. 06, 2011	Aug. 10, 2010USD ($)$ / sharesshares	Nov. 15, 2011USD ($)$ / sharesshares	Sep. 19, 2011shares	Jul. 30, 2010	Dec. 21, 2009USD ($)shares	Jun. 30, 2020USD ($)$ / shares	Mar. 31, 2020$ / shares	Dec. 31, 2019USD ($)$ / shares	Jun. 30, 2019$ / shares	Mar. 31, 2019$ / shares	Dec. 31, 2018$ / shares	Mar. 31, 2018USD ($)	Nov. 10, 2010USD ($)
Capital Unit
Capital contribution to trust series													$ 1,000
Units acquisition \| shares													20
Fee paid by Authorized Purchasers for each order placed to create one or more Creation Baskets or to redeem one or more baskets									$ 1,000
Future Contract Rebalance Target Weightage														7.14%
United States Commodity Index Fund
Capital Unit
Sponsor capital contribution													$ 1,000	$ 0		$ 0					$ 3,000
Units acquisition \| shares					40		20				5
Number of initially registered units on Form S-1 with the U.S. Securities and Exchange Commission												50,000,000
Initial offering price per unit NAV \| $ / shares									$ 50					$ 26.64	$ 26.12	$ 36.87	$ 36.98	$ 38.81	$ 37.49
Number of units issued \| shares	20								100,000
Value of unit issued									$ 5,000,000
Number of registered units									100,000
Fee paid by Authorized Purchasers for each order placed to create one or more Creation Baskets or to redeem one or more baskets	$ 1,000
United States Commodity Index Fund \| Futures Contracts
Capital Unit
Investment rebalancing period														4 days
Future contract held														4,198
United States Commodity Index Fund \| Futures Contracts \| NYMEX
Capital Unit
Future contract held														535
United States Commodity Index Fund \| Futures Contracts \| Ice Futures
Capital Unit
Future contract held														1,580
United States Commodity Index Fund \| Futures Contracts \| Chicago Board of Trade
Capital Unit
Future contract held														727
United States Commodity Index Fund \| Futures Contracts \| Chicago Mercantile Exchange
Capital Unit
Future contract held														130
United States Commodity Index Fund \| Futures Contracts \| London Metal Exchange
Capital Unit
Future contract held														944
United States Commodity Index Fund \| Futures Contracts \| Commodity Exchange Inc
Capital Unit
Future contract held														282
United States Agriculture Index Fund
Capital Unit
Units acquisition \| shares			40	40
Number of initially registered units on Form S-1 with the U.S. Securities and Exchange Commission								20,000,000
Number of shares purchased \| shares		5
United States Copper Index Fund
Capital Unit
Sponsor capital contribution														$ 0		$ 0
Number of initially registered units on Form S-1 with the U.S. Securities and Exchange Commission								30,000,000
Initial offering price per unit NAV \| $ / shares										$ 25				$ 16.99	$ 13.96	$ 17.54	$ 16.99	$ 18.36	$ 16.44
Number of units issued \| shares						40				100,000
Value of unit issued										$ 2,500,000
Fee paid by Authorized Purchasers for each order placed to create one or more Creation Baskets or to redeem one or more baskets										$ 1,000										$ 1,000	$ 1,000
Number of shares purchased \| shares					40
United States Copper Index Fund \| Futures Contracts \| Commodity Exchange Inc
Capital Unit
Future contract held														225

FEES PAID BY EACH TRUST SERIE_2

FEES PAID BY EACH TRUST SERIES AND RELATED PARTY TRANSACTIONS - Additional Information (Details) - USD ($)	6 Months Ended	12 Months Ended
	Jun. 30, 2020	Dec. 31, 2020
Fees Paid and Related Party Transactions
Trustee annual fee	$ 3,000
Directors and Officers Liability Insurance \| Forecast
Fees Paid and Related Party Transactions
Noninterest Expense Directors Fees		$ 574,000
United States Commodity Index Fund
Fees Paid and Related Party Transactions
Percentage of average daily net assets paid	0.95%
United States Commodity Index Fund \| Forecast
Fees Paid and Related Party Transactions
Noninterest Expense Directors Fees		30,000
Estimated investor tax reporting cost		350,000
United States Commodity Index Fund \| Effective January 1, 2016
Fees Paid and Related Party Transactions
Percentage of average daily net assets paid	0.80%
United States Copper Index Fund
Fees Paid and Related Party Transactions
Costs and expenses annual limit for reimbursement	0.15%
Expense waiver	$ (23,609)
United States Copper Index Fund \| Forecast
Fees Paid and Related Party Transactions
Noninterest Expense Directors Fees		5,000
Estimated investor tax reporting cost		$ 70,000
United States Agriculture Index Fund \| Effective January 1, 2016
Fees Paid and Related Party Transactions
Percentage of average daily net assets paid	0.65%

CONTRACTS AND AGREEMENTS - Brok

CONTRACTS AND AGREEMENTS - Brokerage Commission (Details) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
United States Commodity Index Fund
Contracts and Agreements
Brokerage commissions	$ 21,219	$ 128,876	$ 76,374	$ 305,797
Brokerage commissions as a percentage of average daily net assets	0.11%	0.14%	0.11%	0.14%
United States Commodity Index Fund \| Rebalancing Investments Transaction
Contracts and Agreements
Brokerage commissions			$ 73,525	$ 295,457
Brokerage commissions as a percentage of average daily net assets	96.27%	96.62%	96.27%	96.62%
United States Commodity Index Fund \| Creation and Redemption Activity
Contracts and Agreements
Brokerage commissions			$ 2,849	$ 10,340
Brokerage commissions as a percentage of average daily net assets	3.73%	3.38%	3.73%	3.38%
United States Copper Index Fund
Contracts and Agreements
Brokerage commissions	$ 1,930	$ 2,338	$ 2,568	$ 3,847
Brokerage commissions as a percentage of average daily net assets	0.06%	0.06%	0.06%	0.06%
United States Copper Index Fund \| Rebalancing Investments Transaction
Contracts and Agreements
Brokerage commissions			$ 2,306	$ 3,378
Brokerage commissions as a percentage of average daily net assets	89.79%	87.81%	89.79%	87.81%
United States Copper Index Fund \| Creation and Redemption Activity
Contracts and Agreements
Brokerage commissions			$ 262	$ 469
Brokerage commissions as a percentage of average daily net assets	10.21%	12.19%	10.21%	12.19%

CONTRACTS AND AGREEMENTS - Addi

CONTRACTS AND AGREEMENTS - Additional Information (Details) - USD ($)	May 01, 2018	Apr. 30, 2018	Jun. 30, 2020	Dec. 31, 2019
SummerHaven Agreements \| United States Commodity Index Fund
Contracts and Agreements
Fee percentage	0.06%			0.06%
Percentage of fee paid less than base fee		0.14%
Multiplier to calculate base fee		0.5
Percentage multiplied to get the calculate fee to be paid		0.06%
Annual licensing fee	$ 15,000			$ 15,000
SummerHaven Agreements \| United States Copper Index Fund
Contracts and Agreements
Percentage of fee paid less than base fee		0.18%
Multiplier to calculate base fee		0.5
Percentage multiplied to get the calculate fee to be paid		0.60%
Maximum
Contracts and Agreements
Commissions per round-turn trade, including applicable exchange and NFA fees for Futures Contracts and options on Futures Contracts			$ 8
Maximum \| Marketing Agreement
Contracts and Agreements
Fee percentage			10.00%
Minimum
Contracts and Agreements
Commissions per round-turn trade, including applicable exchange and NFA fees for Futures Contracts and options on Futures Contracts			$ 7
Minimum \| Marketing Agreement
Contracts and Agreements
Fee percentage			0.04%
On each Trust Series' assets up to 3 billion \| Marketing Agreement
Contracts and Agreements
Fee percentage			0.06%
On each Trust Series' assets up to 3 billion \| Maximum \| Marketing Agreement
Contracts and Agreements
Base amount for determining fee percentage			$ 3,000,000,000
On each Trust Series' assets in excess of $3 billion \| Maximum \| Marketing Agreement
Contracts and Agreements
Base amount for determining fee percentage			$ 3,000,000,000

FINANCIAL INSTRUMENTS, OFF-BA_2

FINANCIAL INSTRUMENTS, OFF-BALANCE SHEET RISKS AND CONTINGENCIES - Additional Information (Details) - USD ($)	Jun. 30, 2020	Dec. 31, 2019
United States Commodity Index Fund
FINANCIAL INSTRUMENTS, OFF-BALANCE SHEET RISKS AND CONTINGENCIES
Cash deposits and investments in Treasuries	$ 55,986,057	$ 170,813,994
Deposits, Money Market Deposits	69,404,291	19,500,000
United States Copper Index Fund
FINANCIAL INSTRUMENTS, OFF-BALANCE SHEET RISKS AND CONTINGENCIES
Cash deposits and investments in Treasuries	1,803,441	6,478,904
Deposits, Money Market Deposits	$ 13,241,443	$ 620,000

FINANCIAL HIGHLIGHTS - Per Unit

FINANCIAL HIGHLIGHTS - Per Unit Performance Data and Other Supplemental Financial Data (Details) - $ / shares	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
United States Commodity Index Fund
Per Share Operating Performance:
Net asset value, beginning of period (in dollars per share)	$ 26.12	$ 38.81	$ 36.87	$ 37.49
Total income (loss)	0.59	(1.72)	(10.07)	(0.30)
Total expenses	(0.07)	(0.11)	(0.16)	(0.21)
Net increase (decrease) in net asset value	0.52	(1.83)	(10.23)	(0.51)
Net asset value, end of period (in dollars per share)	$ 26.64	$ 36.98	$ 26.64	$ 36.98
Total Return	1.99%	(4.72%)	(27.75%)	(1.36%)
Ratios to Average Net Assets
Total income (loss)	2.33%	(4.58%)	(34.86%)	(0.14%)
Management fees	0.80%	0.81%	0.80%	0.80%
Net expense excluding management fees	0.33%	0.32%	0.31%	0.32%
Net income (loss)	(2.05%)	4.86%	35.42%	0.70%
United States Copper Index Fund
Per Share Operating Performance:
Net asset value, beginning of period (in dollars per share)	$ 13.96	$ 18.36	$ 17.54	$ 16.44
Total income (loss)	3.06	(1.33)	(0.49)	0.62
Total expenses	(0.03)	(0.04)	(0.06)	(0.07)
Net increase (decrease) in net asset value	3.03	(1.37)	(0.55)	0.55
Net asset value, end of period (in dollars per share)	$ 16.99	$ 16.99	$ 16.99	$ 16.99
Total Return	21.70%	(7.46%)	(3.14%)	3.35%
Ratios to Average Net Assets
Total income (loss)	21.64%	(8.31%)	4.14%	1.05%
Management fees	0.65%	0.66%	0.65%	0.65%
Total expenses excluding management fees	0.89%	0.83%	0.66%	0.86%
Expense waived	(0.74%)	(0.68%)	(0.51%)	(0.71%)
Net expense excluding management fees	0.15%	0.15%	0.15%	0.15%
Net income (loss)	21.44%	(8.51%)	3.73%	0.65%

FINANCIAL HIGHLIGHTS - Per Un_2

FINANCIAL HIGHLIGHTS - Per Unit Performance Data and Other Supplemental Financial Data (Details)	6 Months Ended
	Jun. 30, 2020
United States Copper Index Fund
Percentage of expenses exceeded	0.15%

FAIR VALUE OF FINANCIAL INSTR_3

FAIR VALUE OF FINANCIAL INSTRUMENTS - Valuation of Securities Using Fair Value Hierarchy (Details) - USD ($)	Jun. 30, 2020	Dec. 31, 2019
United States Commodity Index Fund \| Short-Term Investments
FAIR VALUE OF FINANCIAL INSTRUMENTS
Securities, fair value	$ 125,360,268	$ 188,989,355
United States Commodity Index Fund \| Exchange-Traded Futures Contracts \| Foreign Contracts
FAIR VALUE OF FINANCIAL INSTRUMENTS
Securities, fair value	887,806	(2,381,779)
United States Commodity Index Fund \| Exchange-Traded Futures Contracts \| United States
FAIR VALUE OF FINANCIAL INSTRUMENTS
Securities, fair value	870,675	4,520,647
United States Commodity Index Fund \| Level I \| Short-Term Investments
FAIR VALUE OF FINANCIAL INSTRUMENTS
Securities, fair value	125,360,268	188,989,355
United States Commodity Index Fund \| Level I \| Exchange-Traded Futures Contracts \| Foreign Contracts
FAIR VALUE OF FINANCIAL INSTRUMENTS
Securities, fair value	887,806	(2,381,779)
United States Commodity Index Fund \| Level I \| Exchange-Traded Futures Contracts \| United States
FAIR VALUE OF FINANCIAL INSTRUMENTS
Securities, fair value	870,675	4,520,647
United States Commodity Index Fund \| Level II \| Short-Term Investments
FAIR VALUE OF FINANCIAL INSTRUMENTS
Securities, fair value	0	0
United States Commodity Index Fund \| Level II \| Exchange-Traded Futures Contracts \| Foreign Contracts
FAIR VALUE OF FINANCIAL INSTRUMENTS
Securities, fair value	0	0
United States Commodity Index Fund \| Level II \| Exchange-Traded Futures Contracts \| United States
FAIR VALUE OF FINANCIAL INSTRUMENTS
Securities, fair value	0	0
United States Commodity Index Fund \| Level III \| Short-Term Investments
FAIR VALUE OF FINANCIAL INSTRUMENTS
Securities, fair value	0	0
United States Commodity Index Fund \| Level III \| Exchange-Traded Futures Contracts \| Foreign Contracts
FAIR VALUE OF FINANCIAL INSTRUMENTS
Securities, fair value	0	0
United States Commodity Index Fund \| Level III \| Exchange-Traded Futures Contracts \| United States
FAIR VALUE OF FINANCIAL INSTRUMENTS
Securities, fair value	0	0
United States Copper Index Fund \| Short-Term Investments
FAIR VALUE OF FINANCIAL INSTRUMENTS
Securities, fair value	15,038,366	7,096,018
United States Copper Index Fund \| Exchange-Traded Futures Contracts \| United States
FAIR VALUE OF FINANCIAL INSTRUMENTS
Securities, fair value	1,398,575	346,250
United States Copper Index Fund \| Level I \| Short-Term Investments
FAIR VALUE OF FINANCIAL INSTRUMENTS
Securities, fair value	15,038,366	7,096,018
United States Copper Index Fund \| Level I \| Exchange-Traded Futures Contracts \| United States
FAIR VALUE OF FINANCIAL INSTRUMENTS
Securities, fair value	1,398,575	346,250
United States Copper Index Fund \| Level II \| Short-Term Investments
FAIR VALUE OF FINANCIAL INSTRUMENTS
Securities, fair value	0	0
United States Copper Index Fund \| Level II \| Exchange-Traded Futures Contracts \| United States
FAIR VALUE OF FINANCIAL INSTRUMENTS
Securities, fair value	0	0
United States Copper Index Fund \| Level III \| Short-Term Investments
FAIR VALUE OF FINANCIAL INSTRUMENTS
Securities, fair value	0	0
United States Copper Index Fund \| Level III \| Exchange-Traded Futures Contracts \| United States
FAIR VALUE OF FINANCIAL INSTRUMENTS
Securities, fair value	$ 0	$ 0

FAIR VALUE OF FINANCIAL INSTR_4

FAIR VALUE OF FINANCIAL INSTRUMENTS - Fair Value of Derivative Instrument held by Usci, Cper, Usag and Usmi (Details) - Commodity Contracts - Futures - Assets - USD ($)	Jun. 30, 2020	Dec. 31, 2019
United States Commodity Index Fund
FAIR VALUE OF FINANCIAL INSTRUMENTS
Derivatives not Accounted for as Hedging Instruments	$ (1,758,481)	$ (2,138,868)
United States Copper Index Fund
FAIR VALUE OF FINANCIAL INSTRUMENTS
Derivatives not Accounted for as Hedging Instruments	$ (1,398,575)	$ (346,250)

FAIR VALUE OF FINANCIAL INSTR_5

FAIR VALUE OF FINANCIAL INSTRUMENTS - Effect of Derivative Instruments on Condensed Statements of Operations of Usci, Cper, Usag and Usmi (Details) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
FAIR VALUE OF FINANCIAL INSTRUMENTS
Change in Unrealized Gain (Loss) on Derivatives Recognized in Income			$ 671,938	$ 11,172,847
United States Commodity Index Fund
FAIR VALUE OF FINANCIAL INSTRUMENTS
Realized Gain (Loss) on Derivatives Recognized in Income	$ (7,815,560)	$ (12,381,741)	(52,782,086)	(15,732,746)
Change in Unrealized Gain (Loss) on Derivatives Recognized in Income			(380,387)	10,010,909
United States Commodity Index Fund \| Commodity Contracts \| Futures \| Realized gain (loss) on closed positions
FAIR VALUE OF FINANCIAL INSTRUMENTS
Realized Gain (Loss) on Derivatives Recognized in Income			(52,782,086)	(15,732,746)
United States Commodity Index Fund \| Commodity Contracts \| Futures \| Change in unrealized gain (loss) on open positions
FAIR VALUE OF FINANCIAL INSTRUMENTS
Change in Unrealized Gain (Loss) on Derivatives Recognized in Income			(380,387)	10,019,909
United States Copper Index Fund
FAIR VALUE OF FINANCIAL INSTRUMENTS
Realized Gain (Loss) on Derivatives Recognized in Income	$ (577,374)	$ (918,550)	(720,437)	(1,181,663)
Change in Unrealized Gain (Loss) on Derivatives Recognized in Income			1,052,325	1,161,938
United States Copper Index Fund \| Commodity Contracts \| Futures \| Realized gain (loss) on closed positions
FAIR VALUE OF FINANCIAL INSTRUMENTS
Realized Gain (Loss) on Derivatives Recognized in Income			(720,437)	(1,181,663)
United States Copper Index Fund \| Commodity Contracts \| Futures \| Change in unrealized gain (loss) on open positions
FAIR VALUE OF FINANCIAL INSTRUMENTS
Change in Unrealized Gain (Loss) on Derivatives Recognized in Income			$ 1,052,325	$ 1,161,938