United States Commodity Index Funds Trust United States Commodity Index Fund Monthly Account Statement

The following excerpt is from the company's SEC filing.

For the Month Ended November 30, 2020

Statement of Income (Loss)

Realized Trading Gain (Loss) on Commodity Futures

2,302,517

Unrealized Gain (Loss) on Market Value of Futures

1,663,906

Dividend Income

Interest Income

Total Income (Loss)

3,969,280

Expenses

Management Fees

70,236

Professional Fees

13,525

Brokerage Commissions

Directors' Fees and insurance

Total Expenses

94,245

Net Income (Loss)

3,875,035

Statement of Changes in Net Asset Value

Net Asset Value Begin ning of Month 11/1/20

103,844,974

Net Asset Value End of Month

107,720,009

Net Asset Value Per Share (3,500,000 Shares)

To the Shareholders of United States Commodity Index Fund:

Pursuant to Rule 4.22(h) under the Commodity Exchange Act,
the undersigned represents that, to the best of his knowledge and belief, the information contained in the Account Statement
for the month ended November 30, 2020 is accurate and complete.

/s/ Stuart P. Crumbaugh

Chief Financial Officer

United States Commodity Funds LLC, Sponsor of United States
Commodity Index Fund

1850 Mt. Diablo Boulevard, Suite 640

Walnut Creek, CA 94596

United States Commodity Index Funds Trust

United States Copper Index Fund

Monthly Account Statement

2,147,312

1,651,575

ETF Transaction Fees

3,800,704

16,361

28,422

Expense Waiver

(8,286

Net Expenses

20,136

3,780,568

27,329,258

Additions (250,000 Shares)

4,987,118

36,096,944

Net Asset Value Per Share (1,700,000 Shares)

To the Shareholders of United States Copper Index Fund:

Pursuant to Rule 4.22(h) under the Commodity Exchange Act, the
undersigned represents that, to the best of his knowledge and belief, the information contained in the Account Statement for the
month ended November 30, 2020 is accurate and complete.

United States Commodity Funds LLC, Sponsor of United States
Copper Index Fund

4,449,829

3,315,481

7,769,984

86,597

21,574

122,667

114,381

7,655,603

131,174,232

143,816,953

To the Shareholders of the Series of the United States
Commodity Index Funds Trust:

United States Commodity Funds LLC, Sponsor of United States
Commodity Index Funds Trust

The above information was disclosed in a filing to the SEC. To see the filing, click here.

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Other recent filings from the company include the following:

United States Commodity Index Funds Trust United States Commodity Index Fund Monthly Account Statement - March 26, 2021
United States Commodity Index Funds: United States Commodity Funds Llc - March 25, 2021

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