EX-99.1 2 tm2323305d5_ex99-1.htm EXHIBIT 99.1

 

Exhibit 99.1

 

United States 12 Month Natural Gas Fund, LP

Monthly Account Statement

For the Month Ended July 31, 2023

 

Statement of Income (Loss)    
Income     
Realized Trading Gain (Loss) on Commodity Futures  $(868,655)
Unrealized Gain (Loss) on Market Value of Commodity Futures   466,434 
Dividend Income   63,880 
Interest Income   7,524 
ETF Transaction Fees   700 
Total Income (Loss)  $(330,117)
      
Expenses     
General Partner Management Fees  $10,910 
Professional Fees   15,559 
Brokerage Commissions   497 
Directors' Fees and insurance   1,232 
License fees   218 
Total Expenses   28,416 
Expense Waiver   (15,325)
Net Expenses  $13,091 
Net Income (Loss)  $(343,208)

 

Statement of Changes in Net Asset Value    
Net Asset Value Beginning of Month 7/1/23  $17,270,293 
Additions (200,000 Shares)   2,243,256 
Net Income (Loss)   (343,208)
      
Net Asset Value End of Month  $19,170,341 
Net Asset Value Per Share (1,700,000 Shares)  $11.28 

 

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 July 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