Attached files
| file | filename |
|---|---|
| 8-K - 2012-0331 USNG FORM 8K - United States Natural Gas Fund, LP | usng8k_2012-0331.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 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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$ | (109,744,063 | ) | ||
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Realized Trading Gain (Loss) on Swaps
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(31,322,717 | ) | |||
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Unrealized Gain (Loss) on Market Value of Futures
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(69,182,530 | ) | |||
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Unrealized Gain (Loss) on Market Value of Swaps
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(14,578,192 | ) | |||
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Dividend Income
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9,007 | ||||
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Interest Income
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10,144 | ||||
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ETF Transaction Fees
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19,000 | ||||
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Total Income (Loss)
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$ | (224,789,351 | ) | ||
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Expenses
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Investment Advisory Fee
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$ | 435,843 | |||
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Brokerage Commissions
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330,912 | ||||
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Tax Reporting Fees
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107,514 | ||||
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Audit Fees
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13,589 | ||||
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NYMEX License Fee
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10,896 | ||||
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Non-interested Directors' Fees and Expenses
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7,225 | ||||
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Prepaid Insurance Expense
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5,108 | ||||
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Tax Fees
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800 | ||||
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Total Expenses
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$ | 911,887 | |||
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Net Income (Loss)
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$ | (225,701,238 | ) | ||
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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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$ | 943,095,058 | |||
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Additions (12,400,000 Units)
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221,169,520 | ||||
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Withdrawals (9,200,000 Units)
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(160,933,306 | ) | |||
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Net Income (Loss)
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(225,701,238 | ) | |||
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Net Asset Value End of Month
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$ | 777,630,034 | |||
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Net Asset Value Per Unit (48,566,476 Units)
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$ | 16.01 | |||
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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 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 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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