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8-K - FORM 8-K - United States Natural Gas Fund, LPtm2035970d2_8k.htm

 Exhibit 99.1

 

United States Natural Gas Fund, LP

Monthly Account Statement

For the Month Ended October 31, 2020

  

Statement of Income (Loss)    
Income     
Realized Trading Gain (Loss) on Commodity Futures  $25,966,915 
Unrealized Gain (Loss) on Market Value of Futures   28,107,414 
Dividend Income   483 
Interest Income   13,855 
ETF Transaction Fees   4,000 
Total Income (Loss)  $54,092,667 
      
Expenses     
General Partner Management Fees  $201,885 
Professional Fees   44,975 
Brokerage Commissions   123,601 
Directors' Fees and insurance   6,756 
NYMEX License Fee   5,047 
SEC & FINRA Registration Expense   27,900 
Total Expenses  $410,164 
Net Income (Loss)  $53,682,503 
      
Statement of Changes in Net Asset Value     
Net Asset Value Beginning of Month 10/1/20  $316,523,130 
Additions (9,700,000 Shares)   106,817,251 
Withdrawals (10,400,000 Shares)   (131,535,763)
Net Income (Loss)   53,682,503 
      
Net Asset Value End of Month  $345,487,121 
Net Asset Value Per Share (27,184,588 Shares)  $12.71 

 

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 October 31, 2020 is accurate and complete.

 

/s/ Stuart P. Crumbaugh  
Stuart P. Crumbaugh  
Chief Financial Officer  
United States Commodity Funds LLC, General Partner of United States Natural Gas Fund, LP  

 

United States Commodity Funds LLC

1850 Mt. Diablo Boulevard, Suite 640

Walnut Creek, CA 94596