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CONTRACTS AND AGREEMENTS (Tables)

3 Months Ended

Mar. 31, 2015

Contracts and Agreements [Abstract]

Brokerage Commissions

UNL also incurs commissions to brokers for the purchase and sale of Natural Gas Futures Contracts, Other Natural Gas-Related Investments or short-term obligations of the United States of two years or less (“Treasuries”).

 

		For the three months ended March 31, 2015				For the three months ended March 31, 2014
Total commissions accrued to brokers		$	1,595			$	2,070
Total commissions as an annualized percentage of average net assets			0.04	%			0.03	%
Commissions accrued as a result of rebalancing		$	969			$	1,072
Percentage of commissions accrued as a result of rebalancing			60.78	%			51.79	%
Commissions accrued as a result of creation and redemption activity		$	626			$	998
Percentage of commissions accrued as a result of creation and redemption activity			39.22	%			48.21	%

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