EX-99.1 2 tm2221181d3_ex99-1.htm EXHIBIT 99.1

 

Exhibit 99.1

United States 12 Month Oil Fund, LP

Monthly Account Statement

For the Month Ended June 30, 2022

 

Statement of Income (Loss)    
Income     
Realized Trading Gain (Loss) on Commodity Futures  $6,064,910 
Unrealized Gain (Loss) on Market Value of Commodity Futures   (14,225,660)
Dividend Income   57,768 
Interest Income   24,840 
ETF Transaction Fees   350 
Total Income (Loss)  $(8,077,792)
      
Expenses     
General Partner Management Fees  $72,043 
Professional Fees   16,439 
Brokerage Commissions   897 
Directors' Fees and insurance   3,742 
NYMEX License Fee   1,801 
SEC & FINRA Registration Expense   12,450 
Total Expenses  $107,372 
Net Income (Loss)  $(8,185,164)

 

Statement of Changes in Net Asset Value    
Net Asset Value Beginning of Month 6/1/22  $142,220,423 
Additions (50,000 Shares)   2,178,358 
Net Income (Loss)   (8,185,164)
      
Net Asset Value End of Month  $136,213,617 
Net Asset Value Per Share (3,450,000 Shares)  $39.48 

 

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 June 30, 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