EX-99.1 2 tm203328d1_ex99-1.htm EXHIBIT 99.1

Exhibit 99.1

 

United States 12 Month Natural Gas Fund, LP    
Monthly Account Statement    
For the Month Ended December 31, 2019    
     
Statement of Income (Loss) 
Income     
Realized Trading Gain (Loss) on Futures  $(184,063)
Unrealized Gain (Loss) on Market Value of Futures   233,133 
Dividend Income   680 
Interest Income   4,794 
ETF Transaction Fees   350 
Total Income (Loss)  $54,894 
      
Expenses     
General Partner Management Fees  $2,409 
Professional Fees   5,687 
Brokerage Commissions   148 
Non-interested Directors' Fees and Expenses   51 
Prepaid Insurance Expense   42 
NYMEX License Fee   48 
Total Expenses   8,385 
Expense Waiver   (5,495)
Net Expenses  $2,890 
Net Income (Loss)  $52,004 

 

Statement of Changes in Net Asset Value 
Net Asset Value Beginning of Month 12/1/19  $3,743,723 
Withdrawals (50,000 Shares)   (421,833)
Net Income (Loss)   52,004 
      
Net Asset Value End of Month  $3,373,894 
Net Asset Value Per Share (400,000 Shares)  $8.43 

 

To the Limited Partners of United States 12 Month 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 December 31, 2019 is accurate and complete.
 
/s/ Stuart P. Crumbaugh  
Stuart P. Crumbaugh
Chief Financial Officer
United States Commodity Funds LLC, General Partner of United States 12 Month Natural Gas Fund, LP
 
United States Commodity Funds LLC
1850 Mt. Diablo Boulevard, Suite 640
Walnut Creek, CA 94596