EX-99.1 2 tm2321447d3_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, 2023

  

Statement of Income (Loss)    
Income     
Realized Trading Gain (Loss) on Commodity Futures  $(1,661,500)
Unrealized Gain (Loss) on Market Value of Commodity Futures   5,032,370 
Dividend Income   58,610 
Interest Income   214,956 
ETF Transaction Fees   350 
Total Income (Loss)  $3,644,786 
      
Expenses     
General Partner Management Fees  $36,464 
Professional Fees   4,309 
Brokerage Commissions   657 
Directors' Fees and insurance   3,527 
License fees   911 
Total Expenses  $45,868 
Net Income (Loss)  $3,598,918 

  

Statement of Changes in Net Asset Value    
Net Asset Value Beginning of Month 6/1/23  $71,628,472 
Withdrawals (50,000 Shares)   (1,663,310)
Net Income (Loss)   3,598,918 
      
Net Asset Value End of Month  $73,564,080 
Net Asset Value Per Share (2,250,000 Shares)  $32.70 

  

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, 2023 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