EX-99.1 2 tm2421763d5_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, 2024

 

Statement of Income (Loss)    
Income     
Realized Trading Gain (Loss) on Commodity Futures  $(482,854)
Unrealized Gain (Loss) on Market Value of Commodity Futures   (1,525,845)
Dividend Income   48,654 
Interest Income   25,713 
ETF Transaction Fees   2,100 
Total Income (Loss)  $(1,932,232)
      
Expenses     
General Partner Management Fees  $8,624 
Professional Fees   22,586 
Brokerage Commissions   573 
Directors' Fees and insurance   458 
License fees   215 
Total Expenses   32,456 
Expense Waiver   (4,772)
Net Expenses  $27,684 
Net Income (Loss)  $(1,959,916)

 

Statement of Changes in Net Asset Value    
Net Asset Value Beginning of Month 7/1/24  $18,218,430 
Additions (250,000 Shares)   1,880,965 
Withdrawals ((100,000) Shares)   (790,737)
Net Income (Loss)   (1,959,916)
      
Net Asset Value End of Month  $17,348,742 
Net Asset Value Per Share (2,350,000 Shares)  $7.38 

 

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 July 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