Attached files
| file | filename |
|---|---|
| 8-K - FORM 8-K - United States 12 Month Natural Gas Fund, LP | v394998_8-k.htm |
Exhibit 99.1
United States 12 Month Natural Gas Fund, LP
Monthly Account Statement
For the Month Ended October 31, 2014
| Statement of Income (Loss) | ||||
| Income | ||||
| Realized Trading Gain (Loss) on Futures | $ | (111,604 | ) | |
| Unrealized Gain (Loss) on Market Value of Futures | (841,690 | ) | ||
| Dividend Income | 232 | |||
| Interest Income | 188 | |||
| ETF Transaction Fees | 700 | |||
| Total Income (Loss) | $ | (952,174 | ) | |
| Expenses | ||||
| General Partner Management Fees | $ | 10,551 | ||
| Professional Fees | 9,610 | |||
| Brokerage Commissions | 314 | |||
| Prepaid Insurance Expense | 272 | |||
| NYMEX License Fee | 211 | |||
| Non-interested Directors' Fees and Expenses | 189 | |||
| Total Expenses | 21,147 | |||
| Expense Waiver | (8,615 | ) | ||
| Net Expenses | $ | 12,532 | ||
| Net Income (Loss) | $ | (964,706 | ) | |
| Statement of Changes in Net Asset Value | ||||
| Net Asset Value Beginning of Month 10/1/14 | $ | 16,238,271 | ||
| Additions (150,000 Shares) | 2,559,710 | |||
| Net Income (Loss) | (964,706 | ) | ||
| Net Asset Value End of Month | $ | 17,833,275 | ||
| Net Asset Value Per Share (1,050,000 Shares) | $ | 16.98 | ||
| To the Limited Partners of United States 12 Month 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 October 31, 2014 is accurate and complete. | |
| /s/ Howard Mah | |
| Howard Mah | |
| Chief Financial Officer | |
| United States Commodity Funds LLC, General Partner of United States 12 Month Natural Gas Fund, LP | |
| United States Commodity Funds LLC | |
| 1999 Harrison Street, Suite 1530 | |
| Oakland, CA 94612 | |