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CONTRACTS AND AGREEMENTS (Tables)

3 Months Ended

Mar. 31, 2016

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				For the three
		months ended				months ended
		March 31,				March 31,
		2016				2015
Total commissions accrued to brokers		$	958			$	1,595
Total commissions as an annualized percentage of average net assets			0.03	%			0.04	%
Commissions accrued as a result of rebalancing		$	857			$	969
Percentage of commissions accrued as a result of rebalancing			89.46	%			60.78	%
Commissions accrued as a result of creation and redemption activity		$	101			$	626
Percentage of commissions accrued as a result of creation and redemption activity			10.54	%			39.22	%

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