Attached files
| file | filename |
|---|---|
| 8-K - 2011-0629 US12OF FORM 8K - United States 12 Month Oil Fund, LP | us12of8k_2011-0629.htm |
|
Exhibit 99.1
|
|||||
|
United States 12 Month Oil Fund, LP
|
|||||
|
Monthly Account Statement
|
|||||
|
For the Month Ended May 31, 2011
|
|||||
|
Statement of Income (Loss)
|
|||||
|
Income
|
|||||
|
Realized Trading Gain (Loss)
|
$ | 4,074,820 | |||
|
Unrealized Gain (Loss) on Market Value of Futures
|
(29,293,550 | ) | |||
|
Dividend Income
|
1,452 | ||||
|
Interest Income
|
252 | ||||
|
ETF Transaction Fees
|
4,000 | ||||
|
Total Income (Loss)
|
$ | (25,213,026 | ) | ||
|
Expenses
|
|||||
|
Investment Advisory Fee
|
$ | 120,271 | |||
|
Tax Reporting Fees
|
26,753 | ||||
|
Audit Fees
|
7,192 | ||||
|
NYMEX License Fee
|
5,003 | ||||
|
Brokerage Commissions
|
2,414 | ||||
|
Non-interested Directors' Fees and Expenses
|
1,575 | ||||
|
Prepaid Insurance Expense
|
930 | ||||
|
SEC & FINRA Registration Expense
|
806 | ||||
|
Total Expenses
|
$ | 164,944 | |||
|
Net Gain (Loss)
|
$ | (25,377,970 | ) | ||
|
Statement of Changes in Net Asset Value
|
|||||
|
Net Asset Value Beginning of Period 5/1/11
|
$ | 282,589,898 | |||
|
Withdrawals (500,000 Units)
|
(23,213,218 | ) | |||
|
Net Gain (Loss)
|
(25,377,970 | ) | |||
|
Net Asset Value End of Period
|
$ | 233,998,710 | |||
|
Net Asset Value Per Unit (5,000,000 Units)
|
$ | 46.80 | |||
|
To the Limited Partners of United States 12 Month Oil 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 May 31, 2011 is accurate and complete.
|
|||||
|
/s/ Howard Mah
|
|||||
|
Howard Mah
|
|||||
|
Chief Financial Officer
|
|||||
|
United States Commodity Funds LLC, General Partner of United States 12 Month Oil Fund, LP
|
|||||
|
United States Commodity Funds LLC
|
|||||
|
1320 Harbor Bay Parkway
|
|||||
|
Suite 145
|
|||||
|
Alameda, CA 94502
|
|||||