EX-99.1 2 tm229966d3_ex99-1.htm EXHIBIT 99.1

 

Exhibit 99.1

 

United States 12 Month Oil Fund, LP

Monthly Account Statement

For the Month Ended February 28, 2022

 

Statement of Income (Loss)    
Income     
Realized Trading Gain (Loss) on Commodity Futures  $6,458,970 
Unrealized Gain (Loss) on Market Value of Commodity Futures   2,934,500 
Dividend Income   2,076 
Interest Income   2,411 
ETF Transaction Fees   700 
Total Income (Loss)  $9,398,657 
      
Expenses     
General Partner Management Fees  $68,310 
Professional Fees   15,343 
Brokerage Commissions   1,188 
Directors' Fees and insurance   4,084 
NYMEX License Fee   1,707 
SEC & FINRA Registration Expense   11,620 
Total Expenses  $102,252 
Net Income (Loss)  $9,296,405 
      

 

Statement of Changes in Net Asset Value    
Net Asset Value Beginning of Month 2/1/22  $143,885,557 
Withdrawals (150,000 Shares)   (5,031,876)
Net Income (Loss)   9,296,405 
      
Net Asset Value End of Month  $148,150,086 
Net Asset Value Per Share (4,400,000 Shares)  $33.67 

 

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 February 28, 2022 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