Attached files
| file | filename |
|---|---|
| 8-K - 2011-0629 USNG FORM 8K - United States Natural Gas Fund, LP | usng8k_2011-0629.htm |
|
Exhibit 99.1
|
||||
|
United States Natural Gas Fund, LP
|
||||
|
Monthly Account Statement
|
||||
|
For the Month Ended May 31, 2011
|
||||
|
Statement of Income (Loss)
|
||||
|
Income
|
||||
|
Realized Trading Gain (Loss) on Futures
|
$ | 7,048,065 | ||
|
Realized Trading Gain (Loss) on Swaps
|
(8,492,702 | ) | ||
|
Unrealized Gain (Loss) on Market Value of Futures
|
(20,465,095 | ) | ||
|
Unrealized Gain (Loss) on Market Value of Swaps
|
(19,488,146 | ) | ||
|
Dividend Income
|
9,103 | |||
|
Interest Income
|
21,693 | |||
|
ETF Transaction Fees
|
13,000 | |||
|
Total Income (Loss)
|
$ | (41,354,082 | ) | |
|
Expenses
|
||||
|
Investment Advisory Fee
|
$ | 918,691 | ||
|
Brokerage Commissions
|
401,903 | |||
|
Tax Reporting Fees
|
198,741 | |||
|
NYMEX License Fee
|
41,625 | |||
|
Audit Fees
|
13,589 | |||
|
Non-interested Directors' Fees and Expenses
|
13,111 | |||
|
SEC & FINRA Registration Expense
|
9,610 | |||
|
Prepaid Insurance Expense
|
8,108 | |||
|
Legal Fees
|
6,059 | |||
|
Total Expenses
|
$ | 1,611,437 | ||
|
Net Gain (Loss)
|
$ | (42,965,519 | ) | |
|
Statement of Changes in Net Asset Value
|
||||
|
Net Asset Value Beginning of Period 5/1/11
|
$ | 2,182,390,696 | ||
|
Additions (7,500,000 Units)
|
81,446,600 | |||
|
Withdrawals (17,900,000 Units)
|
(210,526,044 | ) | ||
|
Net Gain (Loss)
|
(42,965,519 | ) | ||
|
Net Asset Value End of Period
|
$ | 2,010,345,733 | ||
|
Net Asset Value Per Unit (169,597,828 Units)
|
$ | 11.85 | ||
|
To the Limited Partners of United States 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 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 Natural Gas Fund, LP
|
||||
|
United States Commodity Funds LLC
|
||||
|
1320 Harbor Bay Parkway
|
||||
|
Suite 145
|
||||
|
Alameda, CA 94502
|
||||