Attached files
| file | filename |
|---|---|
| 8-K - 2011-1031 USNG FORM 8K - United States Natural Gas Fund, LP | usng8k_2011-1031.htm |
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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 October 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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$ | (73,593,758 | ) | |
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Realized Trading Gain (Loss) on Swaps
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(33,546,049 | ) | ||
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Unrealized Gain (Loss) on Market Value of Futures
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78,475,105 | |||
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Unrealized Gain (Loss) on Market Value of Swaps
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34,853,040 | |||
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Dividend Income
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4,778 | |||
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Interest Income
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12,900 | |||
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ETF Transaction Fees
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5,000 | |||
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Total Income (Loss)
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$ | 6,211,016 | ||
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Expenses
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Investment Advisory Fee
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$ | 646,278 | ||
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Brokerage Commissions
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351,491 | |||
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Tax Reporting Fees
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140,430 | |||
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NYMEX License Fee
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25,925 | |||
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Audit Fees
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13,589 | |||
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Non-interested Directors' Fees and Expenses
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12,311 | |||
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SEC & FINRA Registration Expense
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9,610 | |||
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Prepaid Insurance Expense
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8,108 | |||
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Legal Fees
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3,909 | |||
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Total Expenses
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$ | 1,211,651 | ||
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Net Income (Loss)
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$ | 4,999,365 | ||
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Statement of Changes in Net Asset Value
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Net Asset Value Beginning of Period 10/1/11
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$ | 1,336,880,560 | ||
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Additions (6,000,000 Units)
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52,736,304 | |||
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Withdrawals (2,400,000 Units)
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(20,866,560 | ) | ||
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Net Income (Loss)
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4,999,365 | |||
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Net Asset Value End of Period
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$ | 1,373,749,669 | ||
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Net Asset Value Per Unit (152,197,828 Units)
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$ | 9.03 | ||
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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 October 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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