EX-99.1 2 tm2411856d5_ex99-1.htm EXHIBIT 99.1

 

Exhibit 99.1

 

United States 12 Month Natural Gas Fund, LP

Monthly Account Statement

For the Month Ended March 31, 2024

 

Statement of Income (Loss)      
Income        
Realized Trading Gain (Loss) on Commodity Futures   $ (505,236 )
Unrealized Gain (Loss) on Market Value of Commodity Futures     (232,784 )
Dividend Income     48,681  
Interest Income     22,530  
ETF Transaction Fees     700  
Total Income (Loss)   $ (666,109 )
         
Expenses        
General Partner Management Fees   $ 10,411  
Professional Fees     20,208  
Brokerage Commissions     507  
Directors' Fees and insurance     1,035  
License fees     209  
Total Expenses     32,370  
Expense Waiver     (19,876 )
Net Expenses   $ 12,494  
Net Income (Loss)   $ (678,603 )

 

Statement of Changes in Net Asset Value      
Net Asset Value Beginning of Month 3/1/24   $ 16,200,767  
Additions (200,000 Shares)     1,578,423  
Net Income (Loss)     (678,603 )
         
Net Asset Value End of Month   $ 17,100,587  
Net Asset Value Per Share (2,200,000 Shares)   $ 7.77  

 

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 March 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