United States Commodity Index Funds Trust
For the period ended Dec 31, 2024. Filed Feb 28, 2025.
View on SEC.govAbout this filing
A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2024 · Filed Feb 28, 2025
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Item 11. Executive Compensation
Compensation to USCF and Other Compensation
None of the Trust Series directly compensates any of the executive officers noted above. The executive officers noted above are compensated by USCF for the work they perform on behalf of each Trust Series and other entities controlled by USCF. None of the Trust Series reimburses USCF for, nor does it set the amount or form of any portion of, the compensation paid to the executive officers by USCF. Each Trust Series pays fees to USCF pursuant to the Trust Agreement. 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. From May 1, 2014 through December 31, 2024, USCF contractually lowered the management fee to 0.80% per annum of average daily total net assets for USCI and 0.65% per annum of average daily total net assets for CPER.
For 2024, each of USCI and CPER accrued aggregate management fees of $1,413,591 and $1,107,852, respectively.
Director Compensation
The following table sets forth compensation earned during the year ended December 31, 2024 by the directors of USCF. Each of USCI’s and CPER’s portion of the aggregate fees paid for director’s fees and insurance for the year ended December 31, 2024 was $59,716 and $46,941, respectively.
| | | | | | | | | | | | | | | | | | | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| · · · · · · Change in · · · · | ||||||||||||||||||
| · · · · · · · · · · · Pension · · · · · | ||||||||||||||||||
| · · Fees · · · · · · · · Value and · · · · · | ||||||||||||||||||
| · · Earned · · · · · · · · Nonqualified · · · · · | ||||||||||||||||||
| · · or · · · · · · Non-Equity · · Deferred · · · · · | ||||||||||||||||||
| · · Paid in · · Stock · · Option · · Incentive Plan · Compensation · · All Other · · · | ||||||||||||||||||
| Name · Cash · Awards · Awards · Compensation · Plan · Compensation · Total | ||||||||||||||||||
| Management Directors · · · · | ||||||||||||||||||
| John P. Love | | $— | NA | NA | NA | | $ | NA | | $— | | $— | ||||||
| Stuart P. Crumbaugh | | $— | NA | NA | NA | | $ | NA | | $— | | $— | ||||||
| Robert L. Nguyen | | $— | NA | NA | NA | | $ | NA | | $— | | $— | ||||||
| Kathryn D. Rooney | | $— | | NA | | NA | | NA | | $ | NA | | $— | | $— | |||
| Independent Directors | | | | | | | | | | | | | ||||||
| Peter M. Robinson | | $13,831 | NA | NA | NA | | $ | NA | | $— | | $13,831 | ||||||
| Gordon L. Ellis | | $13,831 | NA | NA | NA | | $ | NA | | $— | | $13,831 | ||||||
| Malcolm R. Fobes III(1) | | $16,597 | NA | NA | NA | | $ | NA | | $— | | $16,597 | ||||||
| (1) | Mr. Fobes serves as chairman of the audit committee of USCF and receives additional compensation from USCF, in recognition of the additional responsibilities he has undertaken in this role. |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.