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8-K - 2011-0228 USHO FORM 8K - United States Diesel-Heating Oil Fund, LPusho8k_2011-0228.htm
     
Exhibit 99.1
 
United States Heating Oil Fund, LP
     
Monthly Account Statement
     
For the Month Ended January 31, 2011
     
         
         
Statement of Income (Loss)
     
         
Income
       
Realized Trading Gain (Loss)
  $ 754,522  
Unrealized Gain (Loss) on Market Value of Futures
    158,449  
Dividend Income
    349  
Interest Income
    31  
 
Total Income (Loss)
  $ 913,351  
           
Expenses
         
Investment Advisory Fee
  $ 6,219  
Brokerage Commissions
    740  
SEC & FINRA Registration Expense
    620  
NYMEX License Fee
    253  
Prepaid Insurance Expense
    189  
Non-interested Directors' Fees and Expenses
    73  
Other Expenses
    16,988  
 
Total Expenses
    25,082  
Expense Waiver
    (15,433 )
 
Net Expenses
  $ 9,649  
 
     Net Gain (Loss)
  $ 903,702  
           
           
Statement of Changes in Net Asset Value
       
           
           
Net Asset Value Beginning of Period 1/1/11
  $ 11,928,209  
Net Gain (Loss)
    903,702  
           
 
Net Asset Value End of Period
  $ 12,831,911  
 
Net Asset Value Per Unit (400,000 Units)
  $ 32.08  
           
           
           
To the Limited Partners of United States Heating Oil 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 Heating Oil Fund, LP
 
           
United States Commodity Funds LLC
       
1320 Harbor Bay Parkway
       
Suite 145
         
Alameda, CA 94502