Attached files
| file | filename |
|---|---|
| 8-K - 2011-0930 USNG FORM 8-K - United States Natural Gas Fund, LP | usng8k_2011-0930.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 September 30, 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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$ | (17,327,063 | ) | |
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Realized Trading Gain (Loss) on Swaps
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(48,572,878 | ) | ||
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Unrealized Gain (Loss) on Market Value of Futures
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(86,044,150 | ) | ||
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Unrealized Gain (Loss) on Market Value of Swaps
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(28,868,437 | ) | ||
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Dividend Income
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5,248 | |||
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Interest Income
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13,986 | |||
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ETF Transaction Fees
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6,000 | |||
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Total Income (Loss)
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$ | (180,787,294 | ) | |
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Expenses
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Investment Advisory Fee
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$ | 679,174 | ||
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Brokerage Commissions
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334,454 | |||
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NYMEX License Fee
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31,703 | |||
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Tax Reporting Fees
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13,590 | |||
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Audit Fees
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13,151 | |||
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Non-interested Directors' Fees and Expenses
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12,367 | |||
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SEC & FINRA Registration Expense
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9,300 | |||
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Prepaid Insurance Expense
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7,847 | |||
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Legal Fees
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1,766 | |||
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Total Expenses
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$ | 1,103,352 | ||
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Net Gain (Loss)
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$ | (181,890,646 | ) | |
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Statement of Changes in Net Asset Value
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Net Asset Value Beginning of Period 9/1/11
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$ | 1,531,854,455 | ||
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Additions (6,200,000 Units)
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59,525,288 | |||
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Withdrawals (7,600,000 Units)
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(72,608,537 | ) | ||
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Net Gain (Loss)
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(181,890,646 | ) | ||
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Net Asset Value End of Period
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$ | 1,336,880,560 | ||
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Net Asset Value Per Unit (148,597,828 Units)
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$ | 9.00 | ||
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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 September 30, 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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