Attached files
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8-K - 2012-0331 US12OF FORM 8K - United States 12 Month Oil Fund, LP | us12of8k_2012-0331.htm |
Exhibit 99.1
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United States 12 Month Oil Fund, LP
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Monthly Account Statement
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For the Month Ended March 31, 2012
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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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$ | 240,150 | |||
Unrealized Gain (Loss) on Market Value of Futures
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(5,477,990 | ) | |||
Dividend Income
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2,326 | ||||
Interest Income
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1,013 | ||||
ETF Transaction Fees
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1,050 | ||||
Total Income (Loss)
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$ | (5,233,451 | ) | ||
Expenses
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Investment Advisory Fee
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$ | 89,360 | |||
Audit Fees
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7,192 | ||||
Tax Reporting Fees
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5,376 | ||||
NYMEX License Fee
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2,234 | ||||
Non-interested Directors' Fees and Expenses
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1,482 | ||||
Brokerage Commissions
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1,093 | ||||
Prepaid Insurance Expense
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961 | ||||
SEC & FINRA Registration Expense
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806 | ||||
Tax Fees
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800 | ||||
Total Expenses
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$ | 109,304 | |||
Net Income (Loss)
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$ | (5,342,755 | ) | ||
Statement of Changes in Net Asset Value
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Net Asset Value Beginning of Month 3/1/12
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$ | 172,436,857 | |||
Additions (100,000 Units)
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4,687,588 | ||||
Net Income (Loss)
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(5,342,755 | ) | |||
Net Asset Value End of Month
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$ | 171,781,690 | |||
Net Asset Value Per Unit (3,750,000 Units)
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$ | 45.81 | |||
To the Limited Partners of United States 12 Month Oil 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 March 31, 2012 is accurate and complete.
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/s/ Howard Mah | |||||
Howard Mah
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Chief Financial Officer
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United States Commodity Funds LLC, General Partner of United States 12 Month Oil 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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