United States Diesel-Heating Oil Fund, LP - FORM 8-K - EX-99.1 - 2011-0629 USHO FINANCIAL STATEMENT - June 29, 2011

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8-K - 2011-0629 USHO FORM 8K - United States Diesel-Heating Oil Fund, LPusho8k_2011-0629.htm
     
Exhibit 99.1
  
United States Heating Oil Fund, LP
      
Monthly Account Statement
      
For the Month Ended May 31, 2011
      
         
         
Statement of Income (Loss)
      
         
Income
        
Realized Trading Gain (Loss)
   $ (1,347,650 )
Unrealized Gain (Loss) on Market Value of Futures
     313,942  
Dividend Income
     58  
Interest Income
     23  
ETF Transaction Fees
     1,000  
 
Total Income (Loss)
 $ (1,032,627 )
           
Expenses
          
Investment Advisory Fee
   $ 4,864  
SEC & FINRA Registration Expense
     620  
Brokerage Commissions
     615  
NYMEX License Fee
     202  
Non-interested Directors' Fees and Expenses
     64  
Prepaid Insurance Expense
     38  
Other Expenses
     16,988  
 
Total Expenses
     23,391  
Expense Waiver
     (15,772 )
 
Net Expenses
   $ 7,619  
 
     Net Gain (Loss)
   $ (1,040,246 )
           
           
Statement of Changes in Net Asset Value
        
           
           
Net Asset Value Beginning of Period 5/1/11
   $ 11,374,241  
Withdrawals (100,000 Units)
     (3,295,986 )
Net Gain (Loss)
     (1,040,246 )
           
 
Net Asset Value End of Period
 $ 7,038,009  
 
Net Asset Value Per Unit (200,000 Units)
 $ 35.19  
           
           
           
To the Limited Partners of United States Heating 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 Heating Oil Fund, LP
  
           
United States Commodity Funds LLC
        
1320 Harbor Bay Parkway
        
Suite 145
          
Alameda, CA 94502
        

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