EX-99.1 2 tm2223328d5_ex99-1.htm EXHIBIT 99.1

 

Exhibit 99.1

United States 12 Month Natural Gas Fund, LP

Monthly Account Statement

For the Month Ended July 31, 2022

 

Statement of Income (Loss)    
Income     
Realized Trading Gain (Loss) on Commodity Futures  $1,375,525 
Unrealized Gain (Loss) on Market Value of Commodity Futures   10,560,106 
Dividend Income   45,316 
Interest Income   4,764 
ETF Transaction Fees   700 
Total Income (Loss)  $11,986,411 
      
Expenses     
General Partner Management Fees  $25,743 
Professional Fees   43,468 
Brokerage Commissions   767 
Directors' Fees and insurance   1,233 
NYMEX License Fee   515 
Total Expenses   71,726 
Expense Waiver   (40,834)
Net Expenses  $30,892 
Net Income (Loss)  $11,955,519 

 

Statement of Changes in Net Asset Value    
Net Asset Value Beginning of Month 7/1/22  $37,135,468 
Withdrawals (300,000 Shares)   (5,922,411)
Net Income (Loss)   11,955,519 
      
Net Asset Value End of Month  $43,168,576 
Net Asset Value Per Share (1,800,000 Shares)  $23.98 

  

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 July 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