EX-99.1 2 tm2315506d5_ex99-1.htm EXHIBIT 99.1

 

Exhibit 99.1

United States 12 Month Natural Gas Fund, LP

Monthly Account Statement

For the Month Ended April 30, 2023 

 

Statement of Income (Loss)    
Income     
Realized Trading Gain (Loss) on Commodity Futures  $(1,263,277)
Unrealized Gain (Loss) on Market Value of Commodity Futures   928,328 
Dividend Income   50,507 
Interest Income   6,899 
ETF Transaction Fees   700 
Total Income (Loss)  $(276,843)
      
Expenses     
General Partner Management Fees  $9,152 
Professional Fees   9,807 
Brokerage Commissions   486 
Directors' Fees and insurance   1,193 
License fees   184 
Total Expenses   20,822 
Expense Waiver   (9,838)
Net Expenses  $10,984 
Net Income (Loss)  $(287,827)

  

Statement of Changes in Net Asset Value    
Net Asset Value Beginning of Month 4/1/23  $14,574,165 
Additions (150,000 Shares)   1,701,398 
Net Income (Loss)   (287,827)
      
Net Asset Value End of Month  $15,987,736 
Net Asset Value Per Share (1,400,000 Shares)  $11.42 

  

To the Limited Partners of United States 12 Month Natural Gas 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 April 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 Natural Gas Fund, LP

 

United States Commodity Funds LLC

1850 Mt. Diablo Boulevard, Suite 640

Walnut Creek, CA 94596