EX-99.1 2 v405168_ex99-1.htm EXHIBIT 99.1

Exhibit 99.1

 

United States 12 Month Natural Gas Fund, LP

Monthly Account Statement

For the Month Ended February 28, 2015  

 

Statement of Income (Loss)    
     
Income    
Realized Trading Gain (Loss) on Futures  $(985,847)
Unrealized Gain (Loss) on Market Value of Futures   1,194,017 
Dividend Income   223 
Interest Income   217 
ETF Transaction Fees   1,050 
Total Income (Loss)  $209,660 
      
Expenses     
General Partner Management Fees  $10,479 
Professional Fees   6,584 
Brokerage Commissions   711 
Prepaid Insurance Expense   245 
NYMEX License Fee   210 
Non-interested Directors' Fees and Expenses   108 
Total Expenses   18,337 
Expense Waiver   (5,762)
Net Expenses  $12,575 
Net Income (Loss)  $197,085 

 

Statement of Changes in Net Asset Value     
      
Net Asset Value Beginning of Month 2/1/15  $16,089,122 
Additions (200,000 Shares)   2,582,605 
Withdrawals (50,000 Shares)   (650,636)
Net Income (Loss)   197,085 
      
Net Asset Value End of Month  $18,218,176 
Net Asset Value Per Share (1,400,000 Shares)  $13.01 

 

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 28, 2015 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

1999 Harrison Street, Suite 1530

Oakland, CA 94612