United States Commodity Funds Recognized at 10th Annual Capital Link Global ETF Forum
SAN FRANCISCO, May 4, 2011 /PRNewswire/ -- United States Commodity Funds LLC (USCF), a leading provider of exchange traded commodity funds, announced that the United States Commodity Index Fund ("USCI"), a series of the United States Commodity Index Funds Trust, was honored at Capital Link, Inc.'s 10th annual Closed-End Fund and Global ETF Forum on Wednesday, April 27th, 2011 as the "Most Innovative New ETF Product in 2010". In addition, the SummerHaven Dynamic Commodity Index Total Return was also honored as the "Most Innovative Index in 2010". The award was based on votes from ETF and closed-end fund analysts throughout the industry.
The United States Commodity Index Fund began trading on August 10, 2010, and is based on the SummerHaven Dynamic Commodity Index ("Commodity Index"). USCF is sponsor of USCI. SummerHaven Index Management, LLC ("SummerHaven"), owns and manages the Commodity Index.
John T. Hyland, CFA, USCF's Chief Investment Officer, said: "We are excited to be recognized by the industry for our newest fund. In addition, we are pleased that the analysts also saw fit to recognize the work of the team at SummerHaven Index Management."
Capital Link, Inc., a New York-based investor relations and financial communications firm, provides investor relations services to an extensive roster of corporations worldwide. Their services range from corporate advisory to internet based communications. As a sponsor of this forum, Capital Link is not part of the nominating committee.
About United States Commodity Funds LLC
United States Commodity Funds LLC manages exchange-traded products that track commodity futures price movement. As of December 31, 2010, USCF had $4.962 billion in total assets under management. For more information, please visit the USCF's website at www.unitedstatescommodityfunds.com.
About the SummerHaven Dynamic Commodity Index Total Return
The Commodity Index is designed to reflect the performance of a diversified group of commodities. The Commodity Index is owned and maintained by SummerHaven Index Management, LLC and calculated and published by Bloomberg, L.P. The Commodity Index was developed by SummerHaven based upon academic research by Yale University professors, Gary B. Gorton and K. Geert Rouwenhorst, and Hitotsubashi University professor, Fumio Hayashi. The Commodity Index is comprised of 14 commodity futures contracts that are selected on a monthly basis from a list of 27 possible commodity futures contracts.
This material must be preceded or accompanied by a prospectus. Please read it carefully before investing or sending money.
Commodities and futures generally are volatile and are not suitable for all investors. The Fund is speculative and involves a high degree of risk. An investor may lose all or substantially all of an investment in the Fund. Funds that focus on a single sector generally experience greater volatility.
USCI is not a registered investment company so you do not have the protections of the Investment Company Act of 1940. Accordingly, you do not have the protections afforded by that statute which, for example, include: (1) controls over activities of an investment company's investment adviser; (2) an express private right of action for shareholders; (3) restrictions on transactions between the fund and the adviser; (4) restrictions on investments; (5) regulation of adviser services and fees; and (6) capital structure requirements, including restrictions on debt.
Investing in commodity futures interests subjects USCI to the risks of the commodities industry and this could result in large fluctuations in the price of USCI's units.
The price of USCI's units may be influenced by factors such as the short-term supply and demand for commodity futures and the short-term supply and demand for USCI's units. This may cause the units to trade at a price that is above or below USCI's NAV per unit. Accordingly, changes in the price of units may substantially vary from the changes in the value of the SummerHaven Dynamic Commodity Index (SDCI). If this variation occurs, then you may not be able to effectively use USCI as a way to indirectly invest in the SummerHaven Dynamic Commodity Index.
For further discussion of these and additional risks associated with an investment in USCI units, see the prospectus that has preceded or accompanied this announcement, downloaded at http://www.unitedstatescommodityindexfund.com/PDFS/USCI-Prospectus.pdf.
Not FDIC insured, may lose value, no bank guarantee.
Shares are not individually redeemable and the owners of Shares may purchase or redeem Shares from a Fund in Creation Units only.
USO000469 EXP. 4/31/2012
SOURCE United States Commodity Funds LLC
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