Attached files
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8-K - 2011-0228 US12NG FORM 8K - United States 12 Month Natural Gas Fund, LP | us12ng8k_2011-0228.htm |
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 January 31, 2011
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Statement of Income (Loss)
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Income
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Realized Trading Gain (Loss)
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$ | (889,680 | ) | ||
Unrealized Gain (Loss) on Market Value of Futures
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742,570 | ||||
Dividend Income
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1,014 | ||||
Interest Income
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49 | ||||
ETF Transaction Fees
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1,000 | ||||
Total Income (Loss)
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$ | (145,047 | ) | ||
Expenses
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Investment Advisory Fee
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$ | 21,684 | |||
NYMEX License Fee
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706 | ||||
Non-interested Directors' Fees and Expenses
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204 | ||||
Prepaid Insurance Expense
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109 | ||||
Brokerage Commissions
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(539 | ) | |||
Other Expenses
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16,988 | ||||
Total Expenses
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39,152 | ||||
Expense Waiver*
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(12,651 | ) | |||
Net Expenses
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$ | 26,501 | |||
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Net Gain (Loss)
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$ | (171,548 | ) | |
Statement of Changes in Net Asset Value
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Net Asset Value Beginning of Period 1/1/11
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$ | 35,022,013 | |||
Withdrawals (100,000 Units)
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(3,529,522 | ) | |||
Net Gain (Loss)
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(171,548 | ) | |||
Net Asset Value End of Period
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$ | 31,320,943 | |||
Net Asset Value Per Unit (900,000 Units)
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$ | 34.80 | |||
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 January 31, 2011 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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