Attached files

file filename
8-K - 2011-0228 US12NG FORM 8K - United States 12 Month Natural Gas Fund, LPus12ng8k_2011-0228.htm
     
Exhibit 99.1
 
United States 12 Month Natural Gas Fund, LP
     
Monthly Account Statement
     
For the Month Ended January 31, 2011
     
         
         
Statement of Income (Loss)
     
         
Income
       
Realized Trading Gain (Loss)
  $ (889,680 )
Unrealized Gain (Loss) on Market Value of Futures
    742,570  
Dividend Income
    1,014  
Interest Income
    49  
ETF Transaction Fees
    1,000  
 
Total Income (Loss)
  $ (145,047 )
           
Expenses
         
Investment Advisory Fee
  $ 21,684  
NYMEX License Fee
    706  
Non-interested Directors' Fees and Expenses
    204  
Prepaid Insurance Expense
    109  
Brokerage Commissions
    (539 )
Other Expenses
    16,988  
 
Total Expenses
    39,152  
Expense Waiver*
    (12,651 )
 
Net Expenses
  $ 26,501  
 
     Net Gain (Loss)
  $ (171,548 )
           
           
Statement of Changes in Net Asset Value
       
           
           
Net Asset Value Beginning of Period 1/1/11
  $ 35,022,013  
Withdrawals (100,000 Units)
    (3,529,522 )
Net Gain (Loss)
    (171,548 )
           
 
Net Asset Value End of Period
  $ 31,320,943  
 
Net Asset Value Per Unit (900,000 Units)
  $ 34.80  
           
           
           
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 January 31, 2011 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
       
1320 Harbor Bay Parkway
       
Suite 145
         
Alameda, CA 94502