EX-99.1 2 tm207996d6_ex99-1.htm EXHIBIT 99.1

Exhibit 99.1


United States 12 Month Natural Gas Fund, LP

Monthly Account Statement

For the Month Ended January 31, 2020  


Statement of Income (Loss)    
Realized Trading Gain (Loss) on Futures  $(129,153)
Unrealized Gain (Loss) on Market Value of Futures   (177,347)
Dividend Income   590 
Interest Income   4,056 
Total Income (Loss)  $(301,854)
General Partner Management Fees  $2,072 
Professional Fees   5,689 
Brokerage Commissions   87 
Non-interested Directors' Fees and Expenses   41 
Prepaid Insurance Expense   42 
NYMEX License Fee   41 
Total Expenses   7,972 
Expense Waiver   (5,485)
Net Expenses  $2,487 
Net Income (Loss)  $(304,341)


Statement of Changes in Net Asset Value     
Net Asset Value Beginning of Month 1/1/20  $3,373,894 
Net Income (Loss)   (304,341)
Net Asset Value End of Month  $3,069,553 
Net Asset Value Per Share (400,000 Shares)  $7.67 


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 January 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 12 Month Natural Gas Fund, LP
United States Commodity Funds LLC  
1850 Mt. Diablo Boulevard, Suite 640  
Walnut Creek, CA 94596