Attached files
| file | filename |
|---|---|
| 8-K - 2012-0131 USNG FORM 8K - United States Natural Gas Fund, LP | usng8k_2012-0131.htm |
|
Exhibit 99.1
|
||||
|
United States Natural Gas Fund, LP
|
||||
|
Monthly Account Statement
|
||||
|
For the Month Ended January 31, 2012
|
||||
|
Statement of Income (Loss)
|
||||
|
Income
|
||||
|
Realized Trading Gain (Loss) on Futures
|
$ | (186,903,680 | ) | |
|
Realized Trading Gain (Loss) on Swaps
|
(43,524,589 | ) | ||
|
Unrealized Gain (Loss) on Market Value of Futures
|
48,848,335 | |||
|
Unrealized Gain (Loss) on Market Value of Swaps
|
(488,391 | ) | ||
|
Dividend Income
|
8,050 | |||
|
Interest Income
|
10,930 | |||
|
ETF Transaction Fees
|
5,000 | |||
|
Total Income (Loss)
|
$ | (182,044,345 | ) | |
|
Expenses
|
||||
|
Investment Advisory Fee
|
$ | 501,688 | ||
|
Brokerage Commissions
|
372,361 | |||
|
Tax Reporting Fees
|
41,618 | |||
|
Audit Fees
|
13,589 | |||
|
NYMEX License Fee
|
12,605 | |||
|
Non-interested Directors' Fees and Expenses
|
9,283 | |||
|
Prepaid Insurance Expense
|
8,108 | |||
|
Legal Fees
|
7,039 | |||
|
SEC & FINRA Registration Expense
|
(19,388 | ) | ||
|
Total Expenses
|
$ | 946,903 | ||
|
Net Income (Loss)
|
$ | (182,991,248 | ) | |
|
Statement of Changes in Net Asset Value
|
||||
|
Net Asset Value Beginning of Month 1/1/12
|
$ | 1,072,096,173 | ||
|
Additions (10,800,000 Units)
|
57,589,326 | |||
|
Withdrawals (14,300,000 Units)
|
(83,444,085 | ) | ||
|
Net Income (Loss)
|
(182,991,248 | ) | ||
|
Net Asset Value End of Month
|
$ | 863,250,166 | ||
|
Net Asset Value Per Unit (162,097,828 Units)
|
$ | 5.33 | ||
|
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 January 31, 2012 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
|
||||