Attached files
| file | filename |
|---|---|
| 8-K - 2010-1231 US12OF FORM 8K - United States 12 Month Oil Fund, LP | us12of8k_2010-1231.htm |
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Exhibit 99.1
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United States 12 Month Oil Fund, LP
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Monthly Account Statement
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For the Month Ended December 31, 2010
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Statement of Income (Loss)
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Income
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Realized Trading Gain (Loss)
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$ | 1,136,990 | |||
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Unrealized Gain (Loss) on Market Value of Futures
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12,857,120 | ||||
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Dividend Income
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6,155 | ||||
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Interest Income
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83 | ||||
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ETF Transaction Fees
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3,000 | ||||
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Total Income (Loss)
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$ | 14,003,348 | |||
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Expenses
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Investment Advisory Fee
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$ | 81,666 | |||
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NYMEX License Fee
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3,291 | ||||
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Audit fees
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3,255 | ||||
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Brokerage Commissions
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2,264 | ||||
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Prepaid Insurance Expense
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1,943 | ||||
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Non-interested Directors' Fees and Expenses
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907 | ||||
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SEC & FINRA Registration Expense
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620 | ||||
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Total Expenses
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$ | 93,946 | |||
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Net Gain (Loss)
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$ | 13,909,402 | |||
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Statement of Changes in Net Asset Value
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Net Asset Value Beginning of Period 12/1/10
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$ | 153,373,872 | |||
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Additions (400,000 Units)
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17,018,685 | ||||
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Withdrawals (100,000 Units)
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(4,098,697 | ) | |||
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Net Gain (Loss)
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13,909,402 | ||||
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Net Asset Value End of Period
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$ | 180,203,262 | |||
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Net Asset Value Per Unit (4,200,000 Units)
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$ | 42.91 | |||
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To the Limited Partners of United States 12 Month Oil Fund, LP:
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Pursuant to Rule 4.22(h) under the Commodity Exchange Act, the undersigned represents that,
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to the best of his knowledge and belief, the information contained in the Account Statement for
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the month ended December 31, 2010 is accurate and complete.
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/s/ Howard Mah
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Howard Mah
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Chief Financial Officer
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United States Commodity Funds LLC, General Partner of United States 12 Month Oil Fund, LP
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United States Commodity Funds LLC
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1320 Harbor Bay Parkway
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Suite 145
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Alameda, CA 94502
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