![]() PAST PERFORMANCE IS NOT NECESSARILY INDICATIVE OF FUTURE RESULTS. The performance data quoted above represents past performance. Share price returns are based on closing prices for the Fund and do not represent the returns an investor would receive if shares were traded at other times.īeginning with the commodity selection process that commenced, the SCITR was revised to be comprised of one or three Eligible Copper Futures Contracts, to reduce the number of Futures Contracts that are Eligible Copper Futures Contracts and to make certain other changes as described in CPER’s prospectus. The Fund's NAV is calculated by dividing the value of the Fund's total assets less total liabilities by the number of shares outstanding. Performance may be lower or higher than performance data quoted. Investment return and value of the Fund shares will fluctuate so that an investor's shares, when sold, may be worth more or less than their original cost. PAST PERFORMANCE IS NOT INDICATIVE OF FUTURE RESULTS. CPER provides portfolio holdings, market price, NAV and TNA on its website each day.CPER offers commodity exposure without using a commodity futures account.CPER has features including, intra-day pricing, and market, limit, and stop orders.Copper futures contracts are one of the most actively traded of the metals futures contracts and serve as the single commodity in the SCITR.īelow are the eligible commodities that may comprise the Index on a monthly basis: CPERįor the month of April, the Benchmark Component Futures Contracts are: COPPER JUL23 ![]() These investments will be collateralized by cash, cash equivalents and US government obligations with remaining maturities of two years or less.Ĭopper is a metal that has global and widespread uses across multiple industries. The portfolio consists of listed copper futures contracts and other copper-related futures and may consist of forwards and swap contracts. 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 SCITR, less CPER’s expenses. CPER is rebalanced each month to reflect these changes to the index. The SCI is rules-based and is rebalanced monthly based on observable price signals. The SCITR attempts to maximize backwardation and minimize contango while utilizing contracts in liquid portions of the futures curve. The SCITR is owned and maintained by SummerHaven Index Management LLC and calculated and published by the NYSE Arca.īeginning with the commodity selection process that commenced, the SCITR was revised to be comprised of one or three Eligible Copper Futures Contracts, to reduce the number of Futures Contracts that are Eligible Copper Futures Contracts and to make certain other changes as described in CPER's prospectus. The SCITR is comprised of either one or three Eligible Copper Futures Contracts that are selected on a monthly basis based on quantitative formulas relating to the prices of the Eligible Copper Futures Contracts developed by SummerHaven Index Management LLC. The SummerHaven Copper Index Total Return SM (“SCITR”) is designed to reflect the performance of the investment returns from a portfolio of copper futures contracts on the COMEX exchange. SummerHaven Dynamic Copper Index Total Return SM CPER is designed to be a convenient, cost-effective way for investors to access the returns of a portfolio of copper futures contracts. CPER's investment objective is for the daily changes in percentage terms of its shares’ per share net asset value (“NAV”) to reflect the daily changes in percentage terms of the SummerHaven Copper Index Total Return SM, less CPER’s expenses. The United States Copper Index Fund ® ("CPER") is an exchange-traded security. ![]()
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