EX-99.1 2 us12ng8kex99_2010-0326.htm 2010-0326 US12NG FINANCIAL STATEMENTS us12ng8kex99_2010-0326.htm

           
Exhibit 99.1
United States 12 Month Natural Gas Fund, LP
        
Monthly Account Statement
        
For the Month Ended February 28, 2010
        
             
             
Statement of Income (Loss)
        
             
Income
            
Realized Trading Gain (Loss)
    
$
                         94,950
Unrealized Gain (Loss) on Market Value of Futures
      
                  (1,903,750)
Interest Income
      
                              535
 
Total Income (Loss)
    
$
                  (1,808,265)
             
Expenses
          
Investment Advisory Fee
    
$
                         16,487
NYMEX License Fee
      
                              637
Brokerage Commissions
      
                              366
Non-interested Directors' Fees and Expenses
      
                              140
Other Expenses
      
                         28,000
 
Total Expenses
      
                         45,630
Expense Waiver
      
                       (23,878)
 
Net Expenses
    
$
                         21,752
 
  
Net Gain (Loss)
    
$
                  (1,830,017)
             
             
Statement of Changes in Net Asset Value
        
             
             
Net Asset Value Beginning of Period 2/1/10
    
$
                  35,403,246
Net Gain (Loss)
      
                  (1,830,017)
             
 
Net Asset Value End of Period
    
$
                  33,573,229
 
Net Asset Value Per Unit (700,000 Units)
    
$
                           47.96
             
             
             
To the Limited Partners of United States 12 Month 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 February 28, 2010 is accurate and complete.
      
             
             
/s/ Howard Mah
        
             
Howard Mah
        
Chief Financial Officer
        
United States Commodity Funds LLC, General Partner of United States 12 Month Natural Gas Fund, LP
             
United States Commodity Funds LLC
        
1320 Harbor Bay Parkway
        
Suite 145
          
Alameda, CA 94502