Fund Description: United States Copper Index Fund is one of the four series of the United States Commodity Index Funds Trust and is a commodity pool that issues common units representing fractional undivided beneficial interests (Units) that are expected to trade on the NYSE Arca. It is not a mutual fund or any other type of Investment Company within the meaning of the Investment Company Act of 1940. <p> INVESTMENT OBJECTIVE: The United States Copper Index Fund seeks daily changes in percentage terms of its Units’ net asset value (NAV) to reflect the daily changes in percentage terms of the SummerHaven Copper Index Total Return (the Copper Index), less the Fund’s expenses. <p> INDEX DESCRIPTION: The SummerHaven Copper Index Total Return is designed as a benchmark for investors seeking attractive risk-adjusted returns on a portfolio of copper futures contracts and to reflect the performance of a diversified group of commodities. The Copper Index is composed of copper futures contracts on the COMEX exchange. The Copper Index attempts to maximize backwardation and minimize contango while utilizing contracts in liquid portions of the futures curve. The Copper Index is rules-based and is rebalanced monthly based on observable price signals. The price signal related to the Copper Index is based on Basis. Basis is the annualized percentage difference between the nearest-to-maturity contract’s price and the second nearest-to-maturity contract’s price. The basis calculation can produce a positive number, such that the nearest-to-maturity contract is higher than the second nearest-to-maturity contract’s price (a condition also referred to as backwardation), or it can produce a negative number, such that the nearest-to-maturity contract’s price is lower than the second nearest-to-maturity contract’s price (a condition also referred to as contango). At the end of each month, (1) the copper futures curve is assessed to be in either backwardation or contango and (2) the annualized percentage price difference between the closest-to-expiration Eligible Copper Futures Contract and each of the next four Eligible Copper Futures Contracts is calculated. If the copper futures curve is in backwardation at the end of a month, the Copper Index takes positions in the two Eligible Copper Futures Contracts with the highest annualized percentage price difference, each weighted at 50%. If the copper futures curve is in contango, then the Copper Index takes positions in three Eligible Copper Futures Contracts, as follows: first, the Copper Index takes positions in the two Eligible Copper Futures Contracts with the highest annualized percentage price difference, each weighted at 25%; then the Copper Index also takes a position in the nearest-to-maturity December Eligible Copper Futures Contract that has expiration more distant than the fourth nearest Eligible Copper Futures Contract, which position is weighted at 50%. Such formulas are not subject to adjustment based on other factors. <p> FUND STRATEGY: The Fund will invest in Copper Interests to the fullest extent possible without being leveraged or unable to satisfy its expected current or potential margin or collateral obligations with respect to its investments in Copper Interests. The primary focus of the Sponsor is the investment in Copper Interests and the management of the Fund’s investments in Treasuries, cash and/or cash equivalents. A neutral investment strategy for the Fund will be used which is intended to track the changes in the Copper Index regardless of whether the Copper Index goes up or goes down. The Fund’s neutral investment strategy is designed to permit investors generally to purchase and sell the Fund’s Units for the purpose of investing indirectly in the copper market in a cost-effective manner, and/or to permit participants in the commodities or other industries to hedge the risk of losses in their copper-related transactions. The Fund also invests in Treasuries and holds cash and/or cash equivalents to meet its current or potential margin or collateral requirements with respect to its investments in Copper Interests and invests cash not required to be used as margin or collateral. The Fund will offer Creation Baskets consisting of 100,000 Units through the Marketing Agent to Authorized Purchasers. All proceeds from the sale of Creation Baskets will be invested as quickly as practicable in futures and forwards contracts, swaps, option on a futures contract, forward contract or a commodity and other investments stated in the Prospectus. <p> FUND MANAGEMENT: United States Commodity Funds LLC, is the Fund's Sponsor and controls the operations of the Fund. SummerHaven Investment Management, LLC, is the Fund's Trading Advisor and provides advisory services to the Sponsor with respect to the Index and the investment decisions of the Fund.