Attached files
| file | filename |
|---|---|
| 8-K - 2011-0329 USNG FORM 8K - United States Natural Gas Fund, LP | usng8k_2011-0329.htm |
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Exhibit 99.1
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United States Natural Gas Fund, LP
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Monthly Account Statement
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For the Month Ended February 28, 2011
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Statement of Income (Loss)
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Income
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Realized Trading Gain (Loss) on Futures
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$ | (160,806,270 | ) | |
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Realized Trading Gain (Loss) on Swaps
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(131,620,744 | ) | ||
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Unrealized Gain (Loss) on Market Value of Futures
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29,487,378 | |||
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Unrealized Gain (Loss) on Market Value of Swaps
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25,515,485 | |||
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Dividend Income
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30,349 | |||
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Interest Income
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30,206 | |||
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ETF Transaction Fees
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13,000 | |||
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Total Income (Loss)
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$ | (237,350,596 | ) | |
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Expenses
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Investment Advisory Fee
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$ | 953,961 | ||
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Brokerage Commissions
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476,721 | |||
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Tax Reporting Fees
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179,508 | |||
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NYMEX License Fee
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42,774 | |||
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Prepaid Insurance Expense
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23,255 | |||
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Audit Fees
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12,274 | |||
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Non-interested Directors' Fees and Expenses
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12,256 | |||
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SEC & FINRA Registration Expense
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8,680 | |||
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Legal Fees
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222 | |||
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Total Expenses
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$ | 1,709,651 | ||
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Net Gain (Loss)
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$ | (239,060,247 | ) | |
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Statement of Changes in Net Asset Value
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Net Asset Value Beginning of Period 2/1/11
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$ | 2,349,900,689 | ||
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Additions (53,400,000 Units)
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289,440,260 | |||
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Withdrawals (2,800,000 Units)
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(15,059,625 | ) | ||
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Net Gain (Loss)
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(239,060,247 | ) | ||
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Net Asset Value End of Period
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$ | 2,385,221,077 | ||
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Net Asset Value Per Unit (442,600,000 Units)
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$ | 5.39 | ||
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To the Limited Partners of United States Natural Gas 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 February 28, 2011 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 Natural Gas 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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