Attached files
| file | filename |
|---|---|
| 8-K - 2011-0429 USNG FORM 8-K - United States Natural Gas Fund, LP | usng8k_2011-0429.htm |
|
Exhibit 99.1
|
||||
|
United States Natural Gas Fund, LP
|
||||
|
Monthly Account Statement
|
||||
|
For the Month Ended March 31, 2011
|
||||
|
Statement of Income (Loss)
|
||||
|
Income
|
||||
|
Realized Trading Gain (Loss) on Futures
|
$ | 34,336,650 | ||
|
Realized Trading Gain (Loss) on Swaps
|
64,021,662 | |||
|
Unrealized Gain (Loss) on Market Value of Futures
|
47,402,350 | |||
|
Unrealized Gain (Loss) on Market Value of Swaps
|
8,853,662 | |||
|
Dividend Income
|
31,289 | |||
|
Interest Income
|
32,624 | |||
|
ETF Transaction Fees
|
23,000 | |||
|
Total Income (Loss)
|
$ | 154,701,237 | ||
|
Expenses
|
||||
|
Investment Advisory Fee
|
$ | 1,082,934 | ||
|
Brokerage Commissions
|
447,169 | |||
|
Tax Reporting Fees
|
198,741 | |||
|
NYMEX License Fee
|
48,067 | |||
|
Legal Fees
|
13,702 | |||
|
Audit Fees
|
13,589 | |||
|
Non-interested Directors' Fees and Expenses
|
12,910 | |||
|
SEC & FINRA Registration Expense
|
9,610 | |||
|
Prepaid Insurance Expense
|
7,323 | |||
|
Total Expenses
|
$ | 1,834,045 | ||
|
Net Gain (Loss)
|
$ | 152,867,192 | ||
|
Statement of Changes in Net Asset Value
|
||||
|
Net Asset Value Beginning of Period 3/1/11
|
$ | 2,385,221,077 | ||
|
Additions (13,300,000 Units)
|
119,522,729 | |||
|
Withdrawals (255,202,172 Units)*
|
(350,276,453 | ) | ||
|
Net Gain (Loss)
|
152,867,192 | |||
|
Net Asset Value End of Period
|
$ | 2,307,334,545 | ||
|
Net Asset Value Per Unit (200,697,828 Units)
|
$ | 11.50 | ||
|
* On March 8, 2011, the United States Natural Gas Fund, LP executed a reverse unit split of 2-for-1. Units shown
|
||||
|
include the 223,600,000 unit reduction associated with this reverse unit split.
|
||||
|
To the Limited Partners of United States 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 March 31, 2011 is accurate and complete.
|
||||
|
/s/ Howard Mah
|
||||
|
Howard Mah
|
||||
|
Chief Financial Officer
|
||||
|
United States Commodity Funds LLC, General Partner of United States Natural Gas Fund, LP
|
||||
|
United States Commodity Funds LLC
|
||||
|
1320 Harbor Bay Parkway
|
||||
|
Suite 145
|
||||
|
Alameda, CA 94502
|
||||