EX-99.1 2 tm229966d5_ex99-1.htm EXHIBIT 99.1

Exhibit 99.1

 

United States 12 Month Natural Gas Fund, LP

Monthly Account Statement

For the Month Ended February 28, 2022

 

Statement of Income (Loss)    
Income     
Realized Trading Gain (Loss) on Commodity Futures  $488,552 
Unrealized Gain (Loss) on Market Value of Commodity Futures   (2,213,441)
Dividend Income   436 
Interest Income   28 
ETF Transaction Fees   700 
Total Income (Loss)  $(1,723,725)
      
Expenses     
General Partner Management Fees  $14,734 
Professional Fees   6,113 
Brokerage Commissions   564 
Directors' Fees and insurance   1,006 
NYMEX License Fee   295 
Total Expenses   22,712 
Expense Waiver   (5,030)
Net Expenses  $17,682 
Net Income (Loss)  $(1,741,407)

 

Statement of Changes in Net Asset Value    
Net Asset Value Beginning of Month 2/1/22  $27,951,136 
Additions (100,000 Shares)   1,448,072 
Withdrawals (150,000 Shares)   (1,955,111)
Net Income (Loss)   (1,741,407)
      
Net Asset Value End of Month  $25,702,690 
Net Asset Value Per Share (1,800,000 Shares)  $14.28 

 

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 February 28, 2022 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