EX-99.1 2 us12ng8kex99_2010-0531.htm 2010-0531 US12NG FINANCIAL STATEMENTS

us12ng8kex99_2010-0531.htm

			Exhibit 99.1
United States 12 Month Natural Gas Fund, LP
Monthly Account Statement
For the Month Ended May 31, 2010
Statement of Income (Loss)
Income
Realized Trading Gain (Loss)			$	(545,510	)
Unrealized Gain (Loss) on Market Value of Futures				1,701,930
Interest Income				1,534
	Total Income (Loss)		$	1,157,954
Expenses
Investment Advisory Fee			$	23,845
NYMEX License Fee				761
Brokerage Commissions				456
Non-interested Directors' Fees and Expenses				200
Prepaid Insurance Expense				109
Other Expenses				6,600
	Total Expenses			31,971
Expense Waiver				(5,090	)
	Net Expenses		$	26,881
	Net Gain (Loss)		$	1,131,073
Statement of Changes in Net Asset Value
Net Asset Value Beginning of Period 5/1/10			$	36,514,659
Net Gain (Loss)				1,131,073
	Net Asset Value End of Period		$	37,645,732
	Net Asset Value Per Unit (900,000 Units)		$	41.83
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 May 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