| Summary of Quarterly Financial Information |
The following summarized (unaudited) quarterly financial information presents the results of operations and other data for the three-month periods ended March 31, June 30, September 30 and December 31, 2013 and 2012. USCI | | | First
Quarter
2013 | | Second
Quarter
2013 | | Third
Quarter
2013 | | Fourth
Quarter
2013 | | | Total Income (Loss) | | $ | (11,934,173) | | $ | (30,572,977) | | $ | 25,652,345 | | $ | 308,060 | | | Total Expenses | | | 1,389,487 | | | 1,502,357 | | | 1,458,386 | | | 1,470,234 | | | Net Income (Loss) | | $ | (13,323,660) | | $ | (32,075,334) | | $ | 24,193,959 | | $ | (1,162,174) | | | Net Income (Loss) per Share | | $ | (1.45) | | $ | (3.49) | | $ | 2.65 | | $ | (0.10) | | | | | First
Quarter
2012 | | Second
Quarter
2012 | | Third
Quarter
2012 | | Fourth
Quarter
2012 | | | Total Income (Loss) | | $ | 16,846,394 | | $ | (25,335,289) | | $ | 27,459,791 | | $ | (22,143,646) | | | Total Expenses | | | 1,107,823 | | | 1,168,452 | | | 1,321,972 | | | 1,327,938 | | | Net Income (Loss) | | $ | 15,738,571 | | $ | (26,503,741) | | $ | 26,137,819 | | $ | (23,471,584) | | | Net Income (Loss) per Share | | $ | 2.83 | | $ | (3.79) | | $ | 3.84 | | $ | (2.90) | | CPER | | | First
Quarter
2013 | | Second
Quarter
2013 | | Third
Quarter
2013 | | Fourth
Quarter
2013 | | | Total Income (Loss) | | $ | (169,237) | | $ | (270,337) | | $ | 173,114 | | $ | 35,483 | | | Total Expenses | | | 29,020 | | | 29,058 | | | 23,897 | | | 19,584 | | | Expense Waivers | | | (23,895) | | | (24,095) | | | (19,181) | | | (14,618) | | | Net Expenses | | | 5,125 | | | 4,963 | | | 4,716 | | | 4,966 | | | Net Income (Loss) | | $ | (174,362) | | $ | (275,300) | | $ | 168,398 | | $ | 30,517 | | | Net Income (Loss) per Share | | $ | (1.74) | | $ | (2.76) | | $ | 1.69 | | $ | 0.30 | | | | | First
Quarter
2012 | | Second
Quarter
2012 | | Third
Quarter
2012 | | Fourth
Quarter
2012 | | | Total Income (Loss) | | $ | 268,397 | | $ | (243,242) | | $ | 192,813 | | $ | (81,486) | | | Total Expenses | | | 28,452 | | | 26,865 | | | 28,742 | | | 37,328 | | | Expense Waivers | | | (20,992) | | | (20,257) | | | (23,656) | | | (31,459) | | | Net Expenses | | | 7,460 | | | 6,608 | | | 5,086 | | | 5,869 | | | Net Income (Loss) | | $ | 260,937 | | $ | (249,850) | | $ | 187,727 | | $ | (87,355) | | | Net Income (Loss) per Share | | $ | 2.61 | | $ | (2.50) | | $ | 1.72 | | $ | (0.87) | | USAG | | | First
Quarter
2013 | | Second
Quarter
2013 | | Third
Quarter
2013 | | Fourth
Quarter
2013 | | | Total Income (Loss) | | $ | (148,371) | | $ | (63,796) | | $ | 42,904 | | $ | (82,323) | | | Total Expenses | | | 36,337 | | | 36,461 | | | 23,296 | | | 10,845 | | | Expense Waivers | | | (29,863) | | | (30,231) | | | (17,041) | | | (4,637) | | | Net Expenses | | | 6,474 | | | 6,230 | | | 6,255 | | | 6,208 | | | Net Income (Loss) | | $ | (154,845) | | $ | (70,026) | | $ | 36,649 | | $ | (88,531) | | | Net Income (Loss) per Share | | $ | (1.55) | | $ | (0.70) | | $ | 0.36 | | $ | (0.88) | | | | | First
Quarter
2012 | | Second
Quarter
2012 | | Third
Quarter
2012 | | Fourth
Quarter
2012 | | | Total Income (Loss) | | $ | - | | $ | 132,753 | | $ | 258,097 | | $ | (174,764) | | | Total Expenses | | | - | | | 28,781 | | | 34,170 | | | 37,423 | | | Expense Waivers | | | - | | | (20,700) | | | (26,019) | | | (30,132) | | | Net Expenses | | | - | | | 8,081 | | | 8,151 | | | 7,291 | | | Net Income (Loss) | | $ | - | | $ | 124,672 | | $ | 249,946 | | $ | (182,055) | | | Net Income (Loss) per Share | | $ | - | | $ | 0.53 | | $ | 1.85 | | $ | (1.82) | | USMI | | | First
Quarter
2013 | | Second
Quarter
2013 | | Third
Quarter
2013 | | Fourth
Quarter
2013 | | | Total Income (Loss) | | $ | (123,970) | | $ | (401,340) | | $ | 217,637 | | $ | (73,285) | | | Total Expenses | | | 35,676 | | | 35,404 | | | 23,760 | | | 10,099 | | | Expense Waivers | | | (29,804) | | | (30,264) | | | (17,110) | | | (4,987) | | | Net Expenses | | | 5,872 | | | 5,140 | | | 6,650 | | | 5,112 | | | Net Income (Loss) | | $ | (129,842) | | $ | (406,480) | | $ | 210,987 | | $ | (78,397) | | | Net Income (Loss) per Share | | $ | (1.30) | | $ | (4.06) | | $ | 1.65 | | $ | (0.79) | | | | | First
Quarter
2012 | | Second
Quarter
2012 | | Third
Quarter
2012 | | Fourth
Quarter
2012 | | | Total Income (Loss) | | $ | - | | $ | (29,610) | | $ | 339,788 | | $ | (113,084) | | | Total Expenses | | | - | | | 4,047 | | | 32,701 | | | 36,406 | | | Expense Waivers | | | - | | | (3,181) | | | (25,996) | | | (30,139) | | | Net Expenses | | | - | | | 866 | | | 6,705 | | | 6,267 | | | Net Income (Loss) | | $ | - | | $ | (30,476) | | $ | 333,083 | | $ | (119,351) | | | Net Income (Loss) per Share | | $ | - | | $ | (0.30) | | $ | 2.97 | | $ | (1.20) | | |