EX-99.1 2 tm2232602d5_ex99-1.htm EXHIBIT 99.1

 

Exhibit 99.1

 

United States 12 Month Natural Gas Fund, LP

Monthly Account Statement

For the Month Ended November 30, 2022

 

Statement of Income (Loss)    
Income     
Realized Trading Gain (Loss) on Commodity Futures  $(1,116,400)
Unrealized Gain (Loss) on Market Value of Commodity Futures   3,596,630 
Dividend Income   85,782 
Interest Income   11,463 
Total Income (Loss)  $2,577,475 
      
Expenses     
General Partner Management Fees  $20,636 
Professional Fees   9,549 
Brokerage Commissions   345 
Directors' Fees and insurance   1,193 
NYMEX License Fee   413 
Total Expenses   32,136 
Expense Waiver   (7,501)
Net Expenses  $24,635 
Net Income (Loss)  $2,552,840 

 

Statement of Changes in Net Asset Value    
Net Asset Value Beginning of Month 11/1/22  $32,639,445 
Net Income (Loss)   2,552,840 
      
Net Asset Value End of Month  $35,192,285 
Net Asset Value Per Share (1,550,000 Shares)  $22.70 

 

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 November 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