EX-99.1 2 tm2212762d5_ex99-1.htm EXHIBIT 99.1

 

Exhibit 99.1

 

United States 12 Month Natural Gas Fund, LP

Monthly Account Statement

For the Month Ended March 31, 2022

 

Statement of Income (Loss)    
Income     
Realized Trading Gain (Loss) on Commodity Futures  $2,979,234 
Unrealized Gain (Loss) on Market Value of Commodity Futures   2,722,886 
Dividend Income   2,138 
Interest Income   7 
ETF Transaction Fees   700 
Total Income (Loss)  $5,704,965 
      
Expenses     
General Partner Management Fees  $16,379 
Professional Fees   8,368 
Brokerage Commissions   814 
Directors' Fees and insurance   1,144 
NYMEX License Fee   328 
Total Expenses   27,033 
Expense Waiver   (6,578)
Net Expenses  $20,455 
Net Income (Loss)  $5,684,510 

 

Statement of Changes in Net Asset Value    
Net Asset Value Beginning of Month 3/1/22  $25,702,690 
Withdrawals (500,000 Shares)   (8,100,776)
Net Income (Loss)   5,684,510 
      
Net Asset Value End of Month  $23,286,424 
Net Asset Value Per Share (1,300,000 Shares)  $17.91 

 

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 March 31, 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