XML 37 R22.htm IDEA: XBRL DOCUMENT v3.20.2
FAIR VALUE OF FINANCIAL INSTRUMENTS (Tables)
6 Months Ended
Jun. 30, 2020
FAIR VALUE OF FINANCIAL INSTRUMENTS  
Schedule of valuation of UNG's securities using the fair value hierarchy

The following table summarizes the valuation of UNG’s securities at June 30, 2020 using the fair value hierarchy:

At June 30, 2020

    

Total

    

Level I

    

Level II

    

Level III

Short-Term Investments

$

368,750,955

$

368,750,955

$

$

Exchange-Traded Futures Contracts

 

 

 

  

 

  

United States Contracts

 

1,356,010

 

1,356,010

 

 

The following table summarizes the valuation of UNG’s securities at December 31, 2019 using the fair value hierarchy:

At December 31, 2019

    

Total

    

Level I

    

Level II

    

Level III

Short-Term Investments

$

418,959,876

$

418,959,876

$

$

Exchange-Traded Futures Contracts

 

  

 

  

 

  

 

  

United States Contracts

 

(20,768,690)

 

(20,768,690)

 

 

Schedule of fair value of derivative instruments

Fair Value of Derivative Instruments

Derivatives not

    

Condensed

    

    

Accounted for

Statements of 

Fair Value

Fair Value

as Hedging

Financial

at June 30,

at December 31, 

Instruments

Condition Location

2020

2019

Futures - Commodity Contracts

 

Assets

$

1,356,010

$

(20,768,690)

Schedule of effect of derivative instruments on the condensed statements of operations

The Effect of Derivative Instruments on the Condensed Statements of Operations

For the six months ended

For the six months ended

June 30, 2020

June 30, 2019

Change in

Change in

Location of

Realized

Unrealized

Realized

Unrealized

Derivatives not

Gain (Loss)

gain (Loss)

Gain (Loss) on

Gain (Loss)

Gain (Loss) on

Accounted for

on Derivatives

on Derivatives

Derivatives

in Derivatives

Derivatives

as Hedging

Recognized in

Recognized in

Recognized in

Recognized in

Recognized in

Instruments

    

Income

    

Income

    

Income

    

Income

    

Income

Futures - Commodity Contracts

 

Realized gain (loss) on closed positions

$

(227,224,580)

 

$

(104,711,777)

 

  

 

  

 

  

 

  

 

 

  

 

Change in unrealized gain (loss) on open positions

 

  

$

22,124,700

 

  

$

61,939,447