Attached files
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8-K - 2012-0229 US12OF FORM 8K - United States 12 Month Oil Fund, LP | us12of8k_2012-0229.htm |
Exhibit 99.1
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United States 12 Month Oil Fund, LP
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Monthly Account Statement
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For the Month Ended February 29, 2012
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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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$ | 809,070 | |||
Unrealized Gain (Loss) on Market Value of Futures
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12,004,740 | ||||
Dividend Income
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1,859 | ||||
Interest Income
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572 | ||||
ETF Transaction Fees
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700 | ||||
Total Income (Loss)
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$ | 12,816,941 | |||
Expenses
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Investment Advisory Fee
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$ | 81,427 | |||
Audit Fees
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6,728 | ||||
Tax Reporting Fees
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5,029 | ||||
NYMEX License Fee
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2,036 | ||||
Brokerage Commissions
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1,964 | ||||
Non-interested Directors' Fees and Expenses
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1,430 | ||||
Prepaid Insurance Expense
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870 | ||||
SEC & FINRA Registration Expense
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754 | ||||
Total Expenses
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$ | 100,238 | |||
Net Income (Loss)
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$ | 12,716,703 | |||
Statement of Changes in Net Asset Value
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Net Asset Value Beginning of Month 2/1/12
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$ | 171,070,484 | |||
Additions (100,000 Units)
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4,494,090 | ||||
Withdrawals (350,000 Units)
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(15,844,420 | ) | |||
Net Income (Loss)
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12,716,703 | ||||
Net Asset Value End of Month
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$ | 172,436,857 | |||
Net Asset Value Per Unit (3,650,000 Units)
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$ | 47.24 | |||
To the Limited Partners of United States 12 Month Oil 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 February 29, 2012 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 12 Month Oil 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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