Attached files
| file | filename |
|---|---|
| 8-K - 2010-1130 USNG FORM 8K - United States Natural Gas Fund, LP | usng8k_2010-1130.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 November 30, 2010
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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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$ | (14,679,388 | ) | |
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Realized Trading Gain (Loss) on Swaps
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27,123,842 | |||
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Unrealized Gain (Loss) on Market Value of Futures
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8,239,265 | |||
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Unrealized Gain (Loss) on Market Value of Swaps
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(40,059,668 | ) | ||
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Dividend Income
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73,269 | |||
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Interest Income
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36,987 | |||
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ETF Transaction Fees
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17,000 | |||
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Total Income (Loss)
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$ | (19,248,693 | ) | |
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Expenses
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Investment Advisory Fee
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$ | 1,159,078 | ||
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Brokerage Commissions
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496,551 | |||
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NYMEX License Fee
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52,196 | |||
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Tax Reporting Fees
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35,730 | |||
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Prepaid Insurance Expense
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28,727 | |||
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Non-interested Directors' Fees and Expenses
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14,557 | |||
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Audit Fees
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13,151 | |||
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SEC & FINRA Registration Expense
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8,400 | |||
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Total Expenses
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$ | 1,808,390 | ||
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Net Gain (Loss)
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$ | (21,057,083 | ) | |
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Statement of Changes in Net Asset Value
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Net Asset Value Beginning of Period 11/1/10
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$ | 2,576,646,360 | ||
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Additions (34,800,000 Units)
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192,842,480 | |||
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Withdrawals (21,300,000 Units)
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(126,852,448 | ) | ||
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Net Gain (Loss)
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(21,057,083 | ) | ||
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Net Asset Value End of Period
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$ | 2,621,579,309 | ||
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Net Asset Value Per Unit (456,500,000 Units)
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$ | 5.74 | ||
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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 November 30, 2010 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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