EX-99.1 2 tm2223328d3_ex99-1.htm EXHIBIT 99.1

 

Exhibit 99.1

 

United States 12 Month Oil Fund, LP

Monthly Account Statement

For the Month Ended July 31, 2022

 

Statement of Income (Loss)    
Income     
Realized Trading Gain (Loss) on Commodity Futures  $5,776,040 
Unrealized Gain (Loss) on Market Value of Commodity Futures   (7,685,400)
Dividend Income   65,517 
Interest Income   68,045 
ETF Transaction Fees   1,750 
Total Income (Loss)  $(1,774,048)
      
Expenses     
General Partner Management Fees  $61,603 
Professional Fees   17,511 
Brokerage Commissions   1,433 
Directors' Fees and insurance   3,866 
NYMEX License Fee   1,540 
SEC & FINRA Registration Expense   12,865 
Total Expenses  $98,818 
Net Income (Loss)  $(1,872,866)

 

Statement of Changes in Net Asset Value    
Net Asset Value Beginning of Month 7/1/22  $136,213,617 
Withdrawals (450,000 Shares)   (17,268,302)
Net Income (Loss)   (1,872,866)
      
Net Asset Value End of Month  $117,072,449 
Net Asset Value Per Share (3,000,000 Shares)  $39.02 

 

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 July 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