EX-99.1 2 tm2016030d3_ex99-1.htm EXHIBIT 99.1

 

Exhibit 99.1

 

United States Natural Gas Fund, LP    
Monthly Account Statement    
For the Month Ended March 31, 2020    
     
Statement of Income (Loss)     
Income     
Realized Trading Gain (Loss) on Futures  $(34,303,284)
Unrealized Gain (Loss) on Market Value of Futures   21,602,794 
Dividend Income   108,644 
Interest Income   328,968 
ETF Transaction Fees   16,000 
Total Income (Loss)  $(12,246,878)
      
Expenses     
General Partner Management Fees  $193,400 
Professional Fees   54,315 
Brokerage Commissions   170,869 
Non-interested Directors' Fees and Expenses   5,063 
Prepaid Insurance Expense   2,607 
NYMEX License Fee   4,835 
SEC & FINRA Registration Expense   23,250 
Total Expenses  $454,339 
Net Income (Loss)  $(12,701,217)
      
Statement of Changes in Net Asset Value 
Net Asset Value Beginning of Month 3/1/20  $415,856,650 
Additions (2,700,000 Shares)   35,226,526 
Withdrawals (8,200,000 Shares)   (110,467,007)
Net Income (Loss)   (12,701,217)
      
Net Asset Value End of Month  $327,914,952 
Net Asset Value Per Share (26,384,588 Shares)  $12.43 

 

To the Limited Partners of United States Natural Gas Fund, LP:     
      
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 March 31, 2020 is accurate and complete.
 
/s/ Stuart P. Crumbaugh       
Stuart P. Crumbaugh     
Chief Financial Officer     
United States Commodity Funds LLC, General Partner of United States Natural Gas Fund, LP     
      
United States Commodity Funds LLC     
1850 Mt. Diablo Boulevard, Suite 640     
Walnut Creek, CA 94596