Attached files
file | filename |
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8-K - 2011-0228 USNG FORM 8K - United States Natural Gas Fund, LP | usng8k_2011-0228.htm |
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 January 31, 2011
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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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$ | 129,073,435 | ||
Realized Trading Gain (Loss) on Swaps
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38,728,690 | |||
Unrealized Gain (Loss) on Market Value of Futures
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(104,374,345 | ) | ||
Unrealized Gain (Loss) on Market Value of Swaps
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(39,011,126 | ) | ||
Dividend Income
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53,283 | |||
Interest Income
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35,165 | |||
ETF Transaction Fees
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22,000 | |||
Total Income (Loss)
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$ | 24,527,102 | ||
Expenses
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Investment Advisory Fee
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$ | 1,147,456 | ||
Brokerage Commissions
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472,892 | |||
Tax Reporting Fees
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217,974 | |||
NYMEX License Fee
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51,868 | |||
Legal Fees
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48,640 | |||
Prepaid Insurance Expense
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42,407 | |||
Non-interested Directors' Fees and Expenses
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14,953 | |||
Audit Fees
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13,589 | |||
SEC & FINRA Registration Expense
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9,610 | |||
Total Expenses
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$ | 2,019,389 | ||
Net Gain (Loss)
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$ | 22,507,713 | ||
Statement of Changes in Net Asset Value
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Net Asset Value Beginning of Period 1/1/11
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$ | 2,667,356,837 | ||
Additions (23,900,000 Units)
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142,574,586 | |||
Withdrawals (76,500,000 Units)
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(482,538,447 | ) | ||
Net Gain (Loss)
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22,507,713 | |||
Net Asset Value End of Period
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$ | 2,349,900,689 | ||
Net Asset Value Per Unit (392,000,000 Units)
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$ | 5.99 | ||
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 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 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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