EX-99.1 2 v369728_ex99-1.htm EXHIBIT 99.1

 

United States 12 Month Natural Gas Fund, LP

Monthly Account Statement

For the Month Ended January 31, 2014

  

Statement of Income (Loss)    
     
Income     
Realized Trading Gain (Loss) on Futures  $435,080 
Unrealized Gain (Loss) on Market Value of Futures   1,602,870 
Dividend Income   367 
Interest Income   234 
ETF Transaction Fees   1,400 
Total Income (Loss)  $2,039,951 
      
Expenses     
General Partner Management Fees  $16,872 
Brokerage Commissions   903 
NYMEX License Fee   338 
Prepaid Insurance Expense   333 
Non-interested Directors' Fees and Expenses   304 
Other Expenses   16,182 
Total Expenses   34,932 
Expense Waiver   (12,808)
Net Expenses  $22,124 
Net Income (Loss)  $2,017,827 

 

Statement of Changes in Net Asset Value    
     
Net Asset Value Beginning of Month 1/1/14  $27,482,633 
Withdrawals (200,000 Shares)   (3,828,456)
Net Income (Loss)   2,017,827 
      
Net Asset Value End of Month  $25,672,004 
Net Asset Value Per Share (1,300,000 Shares)  $19.75 

  

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, 2014 is accurate and complete.

 

/s/ Howard Mah  
Howard Mah  
Chief Financial Officer  

United States Commodity Funds LLC, General Partner of United States 12 Month Natural Gas Fund, LP

 

United States Commodity Funds LLC

1999 Harrison Street, Suite 1530

Oakland, CA 94612