EX-99.1 2 tm2330722d5_ex99-1.htm EXHIBIT 99.1

 

Exhibit 99.1

 

United States 12 Month Natural Gas Fund, LP

Monthly Account Statement

For the Month Ended October 31, 2023

 

Statement of Income (Loss)    
Income     
Realized Trading Gain (Loss) on Commodity Futures  $(876,914)
Unrealized Gain (Loss) on Market Value of Commodity Futures   2,227,645 
Dividend Income   76,178 
Interest Income   19,812 
ETF Transaction Fees   2,100 
Total Income (Loss)  $1,448,821 
      
Expenses     
General Partner Management Fees  $14,007 
Professional Fees   20,209 
Brokerage Commissions   1,101 
Directors' Fees and insurance   1,998 
License fees   280 
Total Expenses   37,595 
Expense Waiver   (20,786)
Net Expenses  $16,809 
Net Income (Loss)  $1,432,012 

 

Statement of Changes in Net Asset Value    
Net Asset Value Beginning of Month 10/1/23  $16,841,415 
Additions (600,000 Shares)   6,757,813 
Withdrawals (200,000 Shares)   (2,215,759)
Net Income (Loss)   1,432,012 
      
Net Asset Value End of Month  $22,815,481 
Net Asset Value Per Share (1,950,000 Shares)  $11.70 

 

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 October 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