EX-99.1 2 tm2221181d5_ex99-1.htm EXHIBIT 99.1

Exhibit 99.1

United States 12 Month Natural Gas Fund, LP

Monthly Account Statement

For the Month Ended June 30, 2022

 

Statement of Income (Loss)    
Income     
Realized Trading Gain (Loss) on Commodity Futures  $1,486,330 
Unrealized Gain (Loss) on Market Value of Commodity Futures   (17,218,041)
Dividend Income   38,548 
Interest Income   6 
ETF Transaction Fees   1,050 
Total Income (Loss)  $(15,692,107)
      
Expenses     
General Partner Management Fees  $31,861 
Professional Fees   38,399 
Brokerage Commissions   905 
Directors' Fees and insurance   1,193 
NYMEX License Fee   637 
Total Expenses   72,995 
Expense Waiver   (34,763)
Net Expenses  $38,232 
Net Income (Loss)  $(15,730,339)

  

Statement of Changes in Net Asset Value    
Net Asset Value Beginning of Month 6/1/22  $50,582,781 
Additions (200,000 Shares)   5,496,873 
Withdrawals (150,000 Shares)   (3,213,847)
Net Income (Loss)   (15,730,339)
      
Net Asset Value End of Month  $37,135,468 
Net Asset Value Per Share (2,100,000 Shares)  $17.68 

 

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 June 30, 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