EX-99.1 2 tm2132696d3_ex99-1.htm EXHIBIT 99.1

 

Exhibit 99.1

 

United States 12 Month Oil Fund, LP

Monthly Account Statement

For the Month Ended October 31, 2021

 

Statement of Income (Loss)    
Income     
Realized Trading Gain (Loss) on Commodity Futures  $6,322,840 
Unrealized Gain (Loss) on Market Value of Commodity Futures   4,297,010 
Dividend Income   2,258 
Interest Income   3,138 
ETF Transaction Fees   350 
Total Income (Loss)  $10,625,596 
      
Expenses     
General Partner Management Fees  $79,436 
Professional Fees   16,637 
Brokerage Commissions   1,273 
Directors' Fees and insurance   4,496 
NYMEX License Fee   1,986 
SEC & FINRA Registration Expense   12,865 
Total Expenses  $116,693 
Net Income (Loss)  $10,508,903 

 

Statement of Changes in Net Asset Value    
Net Asset Value Beginning of Month 10/1/21  $147,709,866 
Withdrawals (100,000 Shares)   (2,923,920)
Net Income (Loss)   10,508,903 
      
Net Asset Value End of Month  $155,294,849 
Net Asset Value Per Share (5,350,000 Shares)  $29.03 

 

To the Limited Partners of United States 12 Month Oil 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, 2021 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 Oil Fund, LP

 

United States Commodity Funds LLC

1850 Mt. Diablo Boulevard, Suite 640

Walnut Creek, CA 94596