EX-99.1 2 tm2225954d3_ex99-1.htm EXHIBIT 99.1

  

 

Exhibit 99.1

United States 12 Month Oil Fund, LP

Monthly Account Statement

For the Month Ended August 31, 2022

  

Statement of Income (Loss)    
Income     
Realized Trading Gain (Loss) on Commodity Futures  $2,833,390 
Unrealized Gain (Loss) on Market Value of Commodity Futures   (9,305,170)
Dividend Income   83,428 
Interest Income   127,207 
ETF Transaction Fees   1,050 
Total Income (Loss)  $(6,260,095)
      
Expenses     
General Partner Management Fees  $58,333 
Professional Fees   9,112 
Brokerage Commissions   1,751 
Directors' Fees and insurance   3,870 
NYMEX License Fee   1,459 
SEC & FINRA Registration Expense   4,150 
Total Expenses  $78,675 
Net Income (Loss)  $(6,338,770)

 

Statement of Changes in Net Asset Value    
Net Asset Value Beginning of Month 8/1/22  $117,072,449 
Additions (150,000 Shares)   5,572,565 
Withdrawals (100,000 Shares)   (3,889,889)
Net Income (Loss)   (6,338,770)
      
Net Asset Value End of Month  $112,416,355 
Net Asset Value Per Share (3,050,000 Shares)  $36.86 

  

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 August 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