Attached files
| file | filename |
|---|---|
| 8-K - 2011-0831 USNG FORM 8-K - United States Natural Gas Fund, LP | usng8k_2011-0831.htm |
|
Exhibit 99.1
|
||||
|
United States Natural Gas Fund, LP
|
||||
|
Monthly Account Statement
|
||||
|
For the Month Ended August 31, 2011
|
||||
|
Statement of Income (Loss)
|
||||
|
Income
|
||||
|
Realized Trading Gain (Loss) on Futures
|
$ | (102,847,570 | ) | |
|
Realized Trading Gain (Loss) on Swaps
|
(52,965,882 | ) | ||
|
Unrealized Gain (Loss) on Market Value of Futures
|
82,365,273 | |||
|
Unrealized Gain (Loss) on Market Value of Swaps
|
30,734,716 | |||
|
Dividend Income
|
6,800 | |||
|
Interest Income
|
18,777 | |||
|
ETF Transaction Fees
|
8,000 | |||
|
Total Income (Loss)
|
$ | (42,679,886 | ) | |
|
Expenses
|
||||
|
Investment Advisory Fee
|
$ | 748,378 | ||
|
Brokerage Commissions
|
322,166 | |||
|
NYMEX License Fee
|
34,619 | |||
|
Audit Fees
|
13,589 | |||
|
Non-interested Directors' Fees and Expenses
|
12,777 | |||
|
SEC & FINRA Registration Expense
|
9,610 | |||
|
Prepaid Insurance Expense
|
8,108 | |||
|
Total Expenses
|
$ | 1,149,247 | ||
|
Net Gain (Loss)
|
$ | (43,829,133 | ) | |
|
Statement of Changes in Net Asset Value
|
||||
|
Net Asset Value Beginning of Period 8/1/11
|
$ | 1,657,731,277 | ||
|
Additions (3,600,000 Units)
|
35,828,907 | |||
|
Withdrawals (11,800,000 Units)
|
(117,876,596 | ) | ||
|
Net Gain (Loss)
|
(43,829,133 | ) | ||
|
Net Asset Value End of Period
|
$ | 1,531,854,455 | ||
|
Net Asset Value Per Unit (149,997,828 Units)
|
$ | 10.21 | ||
|
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 August 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
|
||||