United States 12 Month Natural Gas Fund, LP - FORM 8-K - EX-99.1 - 2010-1130 US12NG FINANCIAL STATEMENT - December 23, 2010

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8-K - 2010-1130 US12NG FORM 8K - United States 12 Month Natural Gas Fund, LPus12ng8k_2010-1130.htm
     
Exhibit 99.1
  
United States 12 Month Natural Gas Fund, LP
      
Monthly Account Statement
      
For the Month Ended November 30, 2010
      
         
         
Statement of Income (Loss)
      
         
Income
        
Realized Trading Gain (Loss)
   $ (2,153,080 )
Unrealized Gain (Loss) on Market Value of Futures
     1,761,340  
Dividend Income
     1,567  
Interest Income
     86  
ETF Transaction Fees
     1,000  
 
Total Income (Loss)
   $ (389,087 )
           
Expenses
          
Investment Advisory Fee
   $ 23,544  
Brokerage Commissions
     995  
NYMEX License Fee
     761  
Non-interested Directors' Fees and Expenses
     212  
Prepaid Insurance Expense
     106  
Other Expenses
     5,025  
 
Total Expenses
   $ 30,643  
Expense Waiver
     (1,381 )
 
Net Expenses
   $ 29,262  
 
Net Gain (Loss)
   $ (418,349 )
           
           
Statement of Changes in Net Asset Value
        
           
           
Net Asset Value Beginning of Period 11/1/10
   $ 40,465,320  
Withdrawals (100,000 Units)
     (3,298,880 )
Net Gain (Loss)
     (418,349 )
           
 
Net Asset Value End of Period
   $ 36,748,091  
 
Net Asset Value Per Unit (1,100,000 Units)
   $ 33.41  
           
           
           
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 November 30, 2010 is accurate and complete.
        
           
           
/s/ Howard Mah
        
           
Howard Mah
        
Chief Financial Officer
        
United States Commodity Funds LLC, General Partner of United States 12 Month Natural Gas Fund, LP
  
           
United States Commodity Funds LLC
        
1320 Harbor Bay Parkway
        
Suite 145
          
Alameda, CA 94502
        
           

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