EX-99.1 2 tm2228324d1_ex99-1.htm EXHIBIT 99.1

 

Exhibit 99.1

 

United States 12 Month Natural Gas Fund, LP

Monthly Account Statement

For the Month Ended September 30, 2022

 

Statement of Income (Loss)    
Income     
Realized Trading Gain (Loss) on Commodity Futures  $829,720 
Unrealized Gain (Loss) on Market Value of Commodity Futures   (10,104,590)
Dividend Income   72,022 
Interest Income   9,235 
ETF Transaction Fees   350 
Total Income (Loss)  $(9,193,263)
      
Expenses     
General Partner Management Fees  $26,086 
Professional Fees   14,799 
Brokerage Commissions   620 
Directors' Fees and insurance   1,193 
NYMEX License Fee   522 
Total Expenses   43,220 
Expense Waiver   (11,917)
Net Expenses  $31,303 
Net Income (Loss)  $(9,224,566)

  

Statement of Changes in Net Asset Value    
Net Asset Value Beginning of Month 9/1/22  $44,103,357 
Additions (150,000 Shares)   3,649,504 
Net Income (Loss)   (9,224,566)
      
Net Asset Value End of Month  $38,528,295 
Net Asset Value Per Share (1,750,000 Shares)  $22.02 

 

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 September 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