EX-99.1 2 tm2328418d3_ex99-1.htm EXHIBIT 99.1

 

Exhibit 99.1

United States 12 Month Oil Fund, LP

Monthly Account Statement

For the Month Ended September 30, 2023

 

Statement of Income (Loss)    
Income     
Realized Trading Gain (Loss) on Commodity Futures  $1,055,705 
Unrealized Gain (Loss) on Market Value of Commodity Futures   2,437,305 
Dividend Income   116,827 
Interest Income   192,755 
ETF Transaction Fees   350 
Total Income (Loss)  $3,802,942 
      
Expenses     
General Partner Management Fees  $38,132 
Professional Fees   11,109 
Brokerage Commissions   600 
Directors' Fees and insurance   2,369 
License fees   953 
Total Expenses  $53,163 
Net Income (Loss)  $3,749,779 

 

Statement of Changes in Net Asset Value    
Net Asset Value Beginning of Month 9/1/23  $74,371,963 
Withdrawals (50,000 Shares)   (2,016,482)
Net Income (Loss)   3,749,779 
      
Net Asset Value End of Month  $76,105,260 
Net Asset Value Per Share (1,900,000 Shares)  $40.06 

 

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 September 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