EX-99.1 2 tm246181d5_ex99-1.htm EXHIBIT 9.1

 

Exhibit 99.1

United States 12 Month Natural Gas Fund, LP

Monthly Account Statement

For the Month Ended January 31, 2024

 

Statement of Income (Loss)    
Income     
Realized Trading Gain (Loss) on Commodity Futures  $(842,679)
Unrealized Gain (Loss) on Market Value of Commodity Futures   286,889
Dividend Income   48,764 
Interest Income   22,282 
ETF Transaction Fees   700 
Total Income (Loss)  $(484,044)
      
Expenses     
General Partner Management Fees  $10,417 
Professional Fees   20,208 
Brokerage Commissions   1,429 
Directors' Fees and insurance   1,997 
License fees   208 
Total Expenses   34,259 
Expense Waiver   (21,759)
Net Expenses  $12,500 
Net Income (Loss)  $(496,544)

 

Statement of Changes in Net Asset Value    
Net Asset Value Beginning of Month 1/1/24  $16,295,950 
Additions (1,150,000 Shares)   9,940,334 
Withdrawals (200,000 Shares)   (1,864,722)
Net Income (Loss)   (496,544)
      
Net Asset Value End of Month  $23,875,018 
Net Asset Value Per Share (2,850,000 Shares)  $8.38 

 

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 January 31, 2024 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