EX-99.1 2 us12ng8kex99_2012-0229.htm 2012-0229 US12NG FINANCIAL STATEMENT us12ng8kex99_2012-0229.htm
     
Exhibit 99.1
  
United States 12 Month Natural Gas Fund, LP
      
Monthly Account Statement
      
For the Month Ended February 29, 2012
      
         
         
Statement of Income (Loss)
      
         
Income
        
Realized Trading Gain (Loss) on Futures
   $ (1,533,500 )
Unrealized Gain (Loss) on Market Value of Futures
     1,112,120  
Dividend Income
     192  
Interest Income
     196  
ETF Transaction Fees
     1,750  
 
Total Income (Loss)
   $ (419,242 )
           
Expenses
          
Investment Advisory Fee
   $ 12,563  
Brokerage Commissions
     2,286  
NYMEX License Fee
     251  
Non-interested Directors' Fees and Expenses
     176  
Prepaid Insurance Expense
     94  
Other Expenses
     7,990  
 
Total Expenses
     23,360  
Expense Waiver
     (5,477 )
 
Net Expenses
   $ 17,883  
 
     Net Income (Loss)
   $ (437,125 )
           
           
Statement of Changes in Net Asset Value
        
           
           
Net Asset Value Beginning of Month 2/1/12
   $ 18,630,337  
Additions (600,000 Units)
     11,518,448  
Net Income (Loss)
     (437,125 )
           
 
Net Asset Value End of Month
 $ 29,711,660  
 
Net Asset Value Per Unit (1,600,000 Units)
 $ 18.57  
           
           
           
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 29, 2012 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