EX-99.1 2 tm2135395d3_ex99-1.htm EXHIBIT 99.1

 

Exhibit 99.1

United States 12 Month Oil Fund, LP

Monthly Account Statement

For the Month Ended November 30, 2021

 

Statement of Income (Loss)    
Income     
Realized Trading Gain (Loss) on Commodity Futures  $8,113,260 
Unrealized Gain (Loss) on Market Value of Commodity Futures   (30,466,820)
Dividend Income   2,169 
Interest Income   2,669 
ETF Transaction Fees   350 
Total Income (Loss)  $(22,348,372)
      
Expenses     
General Partner Management Fees  $71,037 
Professional Fees   16,438 
Brokerage Commissions   1,403 
Directors' Fees and insurance   4,304 
NYMEX License Fee   1,776 
SEC & FINRA Registration Expense   12,450 
Total Expenses  $107,408 
Net Income (Loss)  $(22,455,780)

 

Statement of Changes in Net Asset Value    
Net Asset Value Beginning of Month 11/1/21  $155,294,849 
Withdrawals (250,000 Shares)   (7,310,303)
Net Income (Loss)   (22,455,780)
      
Net Asset Value End of Month  $125,528,766 
Net Asset Value Per Share (5,100,000 Shares)  $24.61 

 

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 November 30, 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