EX-99.1 2 tm2038310d2_ex99-1.htm EXHIBIT 99.1

Exhibit 99.1

 

United States Natural Gas Fund, LP

Monthly Account Statement

For the Month Ended November 30, 2020

 

Statement of Income (Loss)    
Income     
Realized Trading Gain (Loss) on Commodity Futures  $(38,495,062)
Unrealized Gain (Loss) on Market Value of Futures   (26,113,608)
Dividend Income   273 
Interest Income   12,181 
ETF Transaction Fees   17,000 
Total Income (Loss)  $(64,579,216)
      
Expenses     
General Partner Management Fees  $178,242 
Professional Fees   43,525 
Brokerage Commissions   89,535 
Directors' Fees and insurance   6,294 
NYMEX License Fee   4,456 
SEC & FINRA Registration Expense   27,000 
Total Expenses  $349,052 
Net Income (Loss)  $(64,928,268)
      

 

Statement of Changes in Net Asset Value    
Net Asset Value Beginning of Month 11/1/20  $345,487,121 
Additions (12,400,000 Shares)   132,000,970 
Withdrawals (3,200,000 Shares)   (32,974,476)
Net Income (Loss)   (64,928,268)
      
Net Asset Value End of Month  $379,585,347 
Net Asset Value Per Share (36,384,588 Shares)  $10.43 

 

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 November 30, 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