EX-99.1 2 tm236869d5_ex99-1.htm EXHIBIT 99.1

Exhibit 99.1

 

United States 12 Month Natural Gas Fund, LP

Monthly Account Statement

For the Month Ended January 31, 2023

  

Statement of Income (Loss)    
Income     
Realized Trading Gain (Loss) on Commodity Futures  $(4,515,557)
Unrealized Gain (Loss) on Market Value of Commodity Futures   (915,694)
Dividend Income   62,757 
Interest Income   7,606 
ETF Transaction Fees   700 
Total Income (Loss)  $(5,360,188)
      
Expenses     
General Partner Management Fees  $12,943 
Professional Fees   10,056 
Brokerage Commissions   735 
Directors' Fees and insurance   1,233 
License fees   259 
Total Expenses   25,226 
Expense Waiver   (9,695)
Net Expenses  $15,531 
Net Income (Loss)  $(5,375,719)

  

Statement of Changes in Net Asset Value    
Net Asset Value Beginning of Month 1/1/23  $24,991,934 
Withdrawals (300,000 Shares)   (4,229,802)
Net Income (Loss)   (5,375,719)
      
Net Asset Value End of Month  $15,386,413 
Net Asset Value Per Share (1,150,000 Shares)  $13.38 
      

 

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 January 31, 2023 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