Attached files
| file | filename |
|---|---|
| 8-K - 2012-0331 US12NG FORM 8K - United States 12 Month Natural Gas Fund, LP | us12ng8k_2012-0331.htm |
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Exhibit 99.1
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United States 12 Month Natural Gas Fund, LP
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Monthly Account Statement
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For the Month Ended March 31, 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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$ | (2,669,160 | ) | ||
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Unrealized Gain (Loss) on Market Value of Futures
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(1,063,930 | ) | |||
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Dividend Income
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248 | ||||
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Interest Income
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450 | ||||
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ETF Transaction Fees
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2,100 | ||||
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Total Income (Loss)
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$ | (3,730,292 | ) | ||
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Expenses
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Investment Advisory Fee
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$ | 18,486 | |||
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Brokerage Commissions
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1,703 | ||||
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NYMEX License Fee
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370 | ||||
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Non-interested Directors' Fees and Expenses
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245 | ||||
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Prepaid Insurance Expense
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161 | ||||
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Other Expenses
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8,541 | ||||
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Total Expenses
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29,506 | ||||
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Expense Waiver
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(4,844 | ) | |||
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Net Expenses
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$ | 24,662 | |||
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Net Income (Loss)
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$ | (3,754,954 | ) | ||
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Statement of Changes in Net Asset Value
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Net Asset Value Beginning of Month 3/1/12
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$ | 29,711,660 | |||
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Additions (250,000 Units)
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4,355,940 | ||||
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Withdrawals (100,000 Units)
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(1,663,200 | ) | |||
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Net Income (Loss)
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(3,754,954 | ) | |||
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Net Asset Value End of Month
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$ | 28,649,446 | |||
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Net Asset Value Per Unit (1,750,000 Units)
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$ | 16.37 | |||
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To the Limited Partners of United States 12 Month 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 March 31, 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 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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