United States Copper Index Fund
CPER
New York Stock Exchange Arca- -
USD
- -
- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- 1990 N. California Boulevard, Suite 940 Walnut Creek CA United States of America 94596
- IPO Date
- Nov 15, 2011
- CIK
- 0001479247
- Similar Companies
- Business
- United States Copper Index Fund, LP (CPER) is a commodity pool that provides investors with exposure to copper prices through a portfolio of copper futures contracts traded on the COMEX exchange; it tracks the SummerHaven Copper Index Total Return (SCITR), a rules-based index comprised of one or three Eligible Copper Futures Contracts selected monthly via quantitative price signals to mitigate contango effects; the fund collateralizes its holdings with cash, cash equivalents, and U.S. government obligations maturing in two years or less, and to a lesser extent invests in other copper-related instruments such as forwards and swaps for regulatory compliance, risk mitigation, or liquidity needs. CPER, sponsored by United States Commodity Funds LLC (USCF) and advised by SummerHaven Investment Management, LLC, commenced operations on November 15, 2011, and is headquartered at 1999 Harrison Street, Suite 1530, Oakland, California 94612. Shares trade on the NYSE Arca under the ticker CPER, with creation and redemption handled in baskets of 50,000 shares by Authorized Participants through ALPS Distributors, Inc.; the fund operates in the commodities focused segment, targeting investors seeking indirect copper investment or hedging without physical ownership. The fund invests primarily in Benchmark Component Copper Futures Contracts mirroring the SCITR, such as COPPER FUTURE Mar26, May26, and Jul26 for December positioning, supplemented by other Eligible Copper Futures Contracts or Other Copper-Related Investments when constrained by position limits, market conditions, or CFTC regulations. In recent years, the SCITR methodology was revised effective December 31, 2020, to consist of one or three contracts, reducing the number of eligible futures and refining selection criteria to enhance performance tracking amid volatile copper markets driven by energy transition demands. No major partnerships, acquisitions, funding rounds, or product launches have been reported for CPER or USCF in the last 1-2 years, with operations focused on ongoing monthly rebalancing and expense management under a capped 0.80% total annual operating expense ratio.