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SUBSEQUENT EVENTS	9 Months Ended
	Sep. 30, 2011
SUBSEQUENT EVENTS	NOTE 9 - SUBSEQUENT EVENTS US12NG has performed an evaluation of subsequent events through the date the financial statements were issued. The subsequent events were as follows: As discussed in Note 3 and Note 4 above, on October 20, 2011, US12NG and the NYMEX amended the licensing agreement. Pursuant to the agreement, up to October 19, 2011, US12NG and the affiliated funds managed by USCF, other than USBO, USCI, CPER, USAG and USMI, paid a licensing fee that was equal to 0.04% for the first $1,000,000,000 of combined assets of the funds and 0.02% for combined assets above $1,000,000,000. On and after October 20, 2011, US12NG and the affiliated funds managed by USCF, other than USBO, USCI, CPER, USAG and USMI, pay a licensing fee that is equal to 0.015% on all assets.

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- Definition

The entire disclosure for significant events or transactions that occurred after the balance sheet date through the date the financial statements were issued or the date the financial statements were available to be issued. Examples include: the sale of a capital stock issue, purchase of a business, settlement of litigation, catastrophic loss, significant foreign exchange rate changes, loans to insiders or affiliates, and transactions not in the ordinary course of business.

+ Details

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