United States Natural Gas Fund, LP - FORM 8-K - EX-99.1 - EXHIBIT 99.1 - April 29, 2014

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United States Natural Gas Fund, LP

Monthly Account Statement

For the Month Ended March 31, 2014

 

Statement of Income (Loss)    
     
Income     
Realized Trading Gain (Loss) on Futures  $(25,534,875)
Realized Trading Gain (Loss) on Swaps   (3,579,080)
Unrealized Gain (Loss) on Market Value of Futures   2,455,067 
Unrealized Gain (Loss) on Market Value of Swaps   (2,845,681)
Dividend Income   6,337 
Interest Income   21,147 
ETF Transaction Fees   20,000 
Total Income (Loss)  $(29,457,085)
      
Expenses     
General Partner Management Fees  $384,854 
Brokerage Commissions   158,686 
Tax Reporting Fees   122,977 
SEC & FINRA Fees   14,189 
Audit Fees   13,589 
Legal Fees   9,792 
Non-interested Directors' Fees and Expenses   9,626 
NYMEX License Fee   9,621 
Prepaid Insurance Expense   7,747 
Total Expenses  $731,081 
Net Income (Loss)  $(30,188,166)

 

Statement of Changes in Net Asset Value    
      
Net Asset Value Beginning of Month 3/1/14  $889,709,283 
Additions (7,300,000 Shares)   178,176,878 
Withdrawals (15,400,000 Shares)   (386,051,097)
Net Income (Loss)   (30,188,166)
      
Net Asset Value End of Month  $651,646,898 
Net Asset Value Per Share (26,766,476 Shares)  $24.35 

 

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, 2014 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

1999 Harrison Street, Suite 1530

Oakland, CA 94612

 

 
 

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