Attached files
| file | filename |
|---|---|
| 8-K - CURRENT REPORT ON FORM 8-K - United States Natural Gas Fund, LP | v233459_8k.htm |
Exhibit 99.1
United States Natural Gas Fund, LP
Monthly Account Statement
For the Month Ended July 31, 2011
|
Statement of Income (Loss)
|
||||
|
Income
|
||||
|
Realized Trading Gain (Loss) on Futures
|
$ | (1,784,540 | ) | |
|
Realized Trading Gain (Loss) on Swaps
|
(18,564,848 | ) | ||
|
Unrealized Gain (Loss) on Market Value of Futures
|
(36,523,340 | ) | ||
|
Unrealized Gain (Loss) on Market Value of Swaps
|
(21,554,735 | ) | ||
|
Dividend Income
|
8,908 | |||
|
Interest Income
|
10,222 | |||
|
ETF Transaction Fees
|
13,000 | |||
| Total Income (Loss) | $ | (78,395,333 | ) | |
|
Expenses
|
||||
|
Investment Advisory Fee
|
$ | 852,365 | ||
|
Brokerage Commissions
|
367,249 | |||
|
NYMEX License Fee
|
39,345 | |||
|
Non-interested Directors' Fees and Expenses
|
13,650 | |||
|
Audit Fees
|
13,589 | |||
|
SEC & FINRA Registration Expense
|
9,610 | |||
|
Prepaid Insurance Expense
|
8,108 | |||
|
Legal Fees
|
8,096 | |||
| Total Expenses | $ | 1,312,012 | ||
| Net Gain (Loss) | $ | (79,707,345 | ) | |
|
Statement of Changes in Net Asset Value
|
||||
|
Net Asset Value Beginning of Period 7/1/11
|
$ | 1,861,608,239 | ||
|
Additions (9,200,000 Units)
|
96,321,012 | |||
|
Withdrawals (20,000,000 Units)
|
(220,490,629 | ) | ||
|
Net Gain (Loss)
|
(79,707,345 | ) | ||
| Net Asset Value End of Period | $ | 1,657,731,277 | ||
| Net Asset Value Per Unit (158,197,828 Units) | $ | 10.48 | ||
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 July 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