EX-99.1 2 us12ng8kex99_2010-0331.htm 2010-0331 US12NG FINANCIAL STATEMENTS us12ng8kex99_2010-0331.htm

           
Exhibit 99.1
United States 12 Month Natural Gas Fund, LP
        
Monthly Account Statement
        
For the Month Ended March 31, 2010
        
             
             
Statement of Income (Loss)
        
             
Income
            
Realized Trading Gain (Loss)
    
$
                     (477,010)
Unrealized Gain (Loss) on Market Value of Futures
      
                  (4,873,990)
Interest Income
      
                              730
ETF Transaction Fees
      
                           1,000
 
Total Income (Loss)
    
$
                  (5,349,270)
             
Expenses
          
Investment Advisory Fee
    
$
                         16,471
NYMEX License Fee
      
                              856
Brokerage Commissions
      
                              652
Non-interested Directors' Fees and Expenses
      
                              166
Prepaid Insurance Expense
      
                              102
Other Expenses
      
                         31,000
 
Total Expenses
      
                         49,247
Expense Waiver
      
                       (26,882)
 
Net Expenses
    
$
                         22,365
 
  
Net Gain (Loss)
    
$
                  (5,371,635)
             
             
Statement of Changes in Net Asset Value
        
             
             
Net Asset Value Beginning of Period 3/1/10
    
$
                  33,573,229
Additions (100,000 Units)
      
                    4,230,046
Net Gain (Loss)
      
                  (5,371,635)
             
 
Net Asset Value End of Period
    
$
                  32,431,640
 
Net Asset Value Per Unit (800,000 Units)
    
$
                           40.54
             
             
             
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 March 31, 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