EX-99.1 2 tm2212762d3_ex99-1.htm EXHIBIT 99.1

 

Exhibit 99.1

 

United States 12 Month Oil Fund, LP

Monthly Account Statement

For the Month Ended March 31, 2022

 

Statement of Income (Loss)    
Income     
Realized Trading Gain (Loss) on Commodity Futures  $14,148,690 
Unrealized Gain (Loss) on Market Value of Commodity Futures   442,150 
Dividend Income   10,601 
Interest Income   2,627 
ETF Transaction Fees   1,750 
Total Income (Loss)  $14,605,818 
      
Expenses     
General Partner Management Fees  $80,131 
Professional Fees   17,787 
Brokerage Commissions   1,762 
Directors' Fees and insurance   4,237 
NYMEX License Fee   2,003 
SEC & FINRA Registration Expense   12,865 
Total Expenses  $118,785 
Net Income (Loss)  $14,487,033 

 

Statement of Changes in Net Asset Value    
Net Asset Value Beginning of Month 3/1/22  $148,150,086 
Withdrawals (550,000 Shares)   (20,206,669)
Net Income (Loss)   14,487,033 
      
Net Asset Value End of Month  $142,430,450 
Net Asset Value Per Share (3,850,000 Shares)  $36.99 

 

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 March 31, 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