EX-99.1 2 tm2318578d5_ex99-1.htm EXHIBIT 99.1

 

Exhibit 99.1

 

United States 12 Month Natural Gas Fund, LP

Monthly Account Statement

For the Month Ended May 31, 2023

 

Statement of Income (Loss)    
Income     
Realized Trading Gain (Loss) on Commodity Futures  $(1,193,239)
Unrealized Gain (Loss) on Market Value of Commodity Futures   (34,591)
Dividend Income   57,862 
Interest Income   7,337 
ETF Transaction Fees   350 
Total Income (Loss)  $(1,162,281)
      
Expenses     
General Partner Management Fees  $10,051 
Professional Fees   10,133 
Brokerage Commissions   382 
Directors' Fees and insurance   1,233 
License fees   201 
Total Expenses   22,000 
Expense Waiver   (9,939)
Net Expenses  $12,061 
Net Income (Loss)  $(1,174,342)

 

Statement of Changes in Net Asset Value    
Net Asset Value Beginning of Month 5/1/23  $15,987,736 
Additions (50,000 Shares)   588,053 
Net Income (Loss)   (1,174,342)
      
Net Asset Value End of Month  $15,401,447 
Net Asset Value Per Share (1,450,000 Shares)  $10.62 

 

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 May 31, 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