<SEC-DOCUMENT>0001171200-16-000301.txt : 20160901
<SEC-HEADER>0001171200-16-000301.hdr.sgml : 20160901
<ACCEPTANCE-DATETIME>20160901080124
ACCESSION NUMBER:		0001171200-16-000301
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		5
CONFORMED PERIOD OF REPORT:	20160901
ITEM INFORMATION:		Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20160901
DATE AS OF CHANGE:		20160901

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			United States 12 Month Natural Gas Fund, LP
		CENTRAL INDEX KEY:			0001405513
		STANDARD INDUSTRIAL CLASSIFICATION:	 [6221]
		IRS NUMBER:				260431733
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-34535
		FILM NUMBER:		161864569

	BUSINESS ADDRESS:	
		STREET 1:		1999 HARRISON STREET
		STREET 2:		SUITE 1530
		CITY:			OAKLAND
		STATE:			CA
		ZIP:			94612
		BUSINESS PHONE:		(510) 522-9600

	MAIL ADDRESS:	
		STREET 1:		1999 HARRISON STREET
		STREET 2:		SUITE 1530
		CITY:			OAKLAND
		STATE:			CA
		ZIP:			94612
</SEC-HEADER>
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<TYPE>8-K
<SEQUENCE>1
<FILENAME>i00471_unl-8k.htm
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>UNITED STATES</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>SECURITIES AND EXCHANGE COMMISSION</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>Washington, DC 20549</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>FORM 8-K</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>CURRENT REPORT</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES
EXCHANGE ACT OF 1934</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; text-align: center; margin-bottom: 0">Date of Report&nbsp;(Date of earliest event reported): September 1,
2016</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;</P>

<table cellspacing="0" cellpadding="0" style="width: 100%">
<tr style="vertical-align: top">
    <td style="width: 100%; font: 12pt Times New Roman, Times, Serif; text-align: center"><font style="font-size: 10pt"><b>UNITED STATES 12 MONTH NATURAL GAS FUND, LP</b></font></td></tr>
<tr style="vertical-align: top">
    <td style="font: 12pt Times New Roman, Times, Serif; text-align: center"><font style="font-size: 10pt">(Exact name of registrant as specified in its charter)</font></td></tr>
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<table cellspacing="0" cellpadding="0" style="width: 100%">
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    <td style="width: 34%; font: 12pt Times New Roman, Times, Serif; text-align: center"><font style="font-size: 10pt"><b>Delaware&nbsp;</b></font></td>
    <td style="width: 33%; font: 12pt Times New Roman, Times, Serif; text-align: center"><font style="font-size: 10pt"><b>001-34535</b></font></td>
    <td style="width: 33%; font: 12pt Times New Roman, Times, Serif; text-align: center"><font style="font-size: 10pt"><b>26-0431733</b></font></td></tr>
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    <td>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">(State or other jurisdiction</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">of incorporation)</P></td>
    <td style="font: 12pt Times New Roman, Times, Serif; text-align: center"><font style="font-size: 10pt">(Commission File Number)</font></td>
    <td>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">(I.R.S. Employer</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">Identification No.)</P></td></tr>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center; text-indent: 0.5in">&nbsp;</P>

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    <td style="width: 100%">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><b>1999 Harrison Street, Suite 1530</b></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><b>Oakland, California 94612 </b></P></td></tr>
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    <td style="font: 12pt Times New Roman, Times, Serif; text-align: center"><font style="font-size: 10pt">(Address of principal executive offices) (Zip Code)</font></td></tr>
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<table cellspacing="0" cellpadding="0" style="width: 100%">
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    <TD STYLE="width: 100%; font: 12pt Times New Roman, Times, Serif; text-align: center"><font style="font-size: 10pt">Registrant&rsquo;s telephone number, including area code: <b>(510) 522-9600&nbsp;&nbsp;&nbsp;</b></font></td></tr>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;</P>

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    <td style="width: 100%; font: 12pt Times New Roman, Times, Serif; text-align: center"><font style="font-size: 10pt"><b>N/A</b></font></td></tr>
<tr style="vertical-align: top">
    <td style="font: 12pt Times New Roman, Times, Serif; text-align: center"><font style="font-size: 10pt">(Former name or former address, if changed since last report)</font></td></tr>
</table>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Check the appropriate box below if the Form 8-K filing is intended
to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (<U>see</U><I>&nbsp;</I>General
Instruction A.2. below):</P>

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    <td style="width: 4%; font: 12pt Times New Roman, Times, Serif"><font style="font-family: Wingdings; font-size: 10pt">o</font></td>
    <td style="width: 96%; font: 12pt Times New Roman, Times, Serif"><font style="font-size: 10pt">Written communication pursuant to Rule&nbsp;425 under the Securities Act (17 CFR 230.425)</font></td></tr>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

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    <td style="width: 4%; font: 12pt Times New Roman, Times, Serif"><font style="font-family: Wingdings; font-size: 10pt">o</font></td>
    <td style="width: 96%; font: 12pt Times New Roman, Times, Serif"><font style="font-size: 10pt">Soliciting material pursuant to Rule&nbsp;14a-12 under the Exchange Act (17 CFR 240.14a-12)</font></td></tr>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

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    <td style="width: 4%; font: 12pt Times New Roman, Times, Serif"><font style="font-family: Wingdings; font-size: 10pt">o</font></td>
    <td style="width: 96%; font: 12pt Times New Roman, Times, Serif"><font style="font-size: 10pt">Pre-commencement communications pursuant to Rule&nbsp;14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))</font></td></tr>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

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    <td style="width: 4%; font: 12pt Times New Roman, Times, Serif"><font style="font-family: Wingdings; font-size: 10pt">o</font></td>
    <td style="width: 96%; font: 12pt Times New Roman, Times, Serif"><font style="font-size: 10pt">Pre-commencement communications pursuant to Rule&nbsp;13e-4(c) under the Exchange Act (17 CFR 240.13e-4c))</font></td></tr>
</table>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;</P>


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><B>Item 5.02. Departure of Directors or Certain
Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.25in">On July 29, 2016, the
Board of Directors of the United States Commodity Funds LLC (&ldquo;<B><I>USCF</I></B>&rdquo;), the general partner of the United
States 12 Month Natural Gas Fund, LP (&ldquo;<B><I>UNL</I></B>&rdquo;), appointed Andrew F Ngim as Chief Operating Officer of USCF,
effective August 15, 2016.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.25in">Mr. Ngim, 56, co-founded
USCF in 2005 and has served as a Management Director of USCF since May 2005. Mr. Ngim has served as the Portfolio Manager for USCI,
CPER and USAG since January 2013. Mr. Ngim also served as USCF&rsquo;s Treasurer from June 2005 to February 2012. In addition,
he has been on the Board of Managers and has served as the Assistant Secretary and Assistant Treasurer of USCF Advisers since its
inception in June 2013. Prior to and concurrent with his services to USCF and USCF Advisers, from January 1999 to January 2013,
Mr. Ngim served as a Managing Director for Ameristock Corporation, a California-based investment adviser, which he co-founded in
March 1995, and was Co-Portfolio Manager of Ameristock Mutual Fund, Inc. from January 2000 to January 2013. From the period September
2014 to the present, Mr. Ngim also serves as portfolio manager of the Stock Split Index Fund, a series of the USCF ETF Trust, as
well as a Management Trustee of the USCF ETF Trust from the period of August 2014 to the present. Mr. Ngim has been a principal
of USCF listed with the U.S. Commodity Futures Trading Commission (the &ldquo;<B><I>CFTC</I></B>&rdquo;) and the National Futures
Association (the &ldquo;<B><I>NFA</I></B>&rdquo;) since November 2005. Mr. Ngim earned his B.A. from the University of California
at Berkeley.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.25in">On September 1, 2016,
the Board of Directors of USCF appointed Kevin A. Baum as Chief Investment Officer of USCF, effective September 1, 2016.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.25in">Mr. Baum, 46, has served
as a Portfolio Manager of USCF since March 2016. Prior to joining USCF, Mr. Baum temporarily retired from December 2015 to March
2016. Mr. Baum served as the Vice President and Senior Portfolio Manager for Invesco PowerShares Capital Management LLC, an investment
manager that manages a family of exchange-traded funds, from October 2014 through December 2015. Mr. Baum was temporarily retired
from May 2012 through September 2014. From May 1993 to April 2012, Mr. Baum worked as the Senior Portfolio Manager, Head of Commodities
for OppenheimerFunds, Inc., a global asset manager. Mr. Baum has been a principal and associated person of USCF since March 2016
and became listed as such with the CFTC via the NFA in April 2016. Mr. Baum is a CFA Charterholder, CAIA Charterholder, and earned
a B.B.A. in Finance from Texas Tech University.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.25in">There are no family relationships
between either of Mr. Ngim or Mr. Baum and any director or executive officer of the Company, nor are there any related party transactions
involving Messrs. Ngim and Baum and USCF. There are no arrangements or understandings between either of Mr. Ngim or Mr. Baum and
any other person pursuant to which he was selected as an officer.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.25in">A&nbsp;press release&nbsp;announcing
the appointments of Mr. Ngim and Mr. Baum is attached as Exhibit 99.1 hereto and is incorporated herein by reference in its entirety.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><B>Item 9.01. Financial Statements and Exhibits.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">(d)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Exhibits.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<table cellspacing="0" cellpadding="0" style="width: 100%; border-collapse: collapse">
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    <TD NOWRAP STYLE="width: 5%; font: 12pt Times New Roman, Times, Serif; text-align: left; vertical-align: bottom"><font style="font-size: 10pt">Exhibit 99.1</font>&nbsp;&nbsp;&nbsp;</td>
    <TD STYLE="width: 95%; padding-left: 0.05in; font: 12pt Times New Roman, Times, Serif; text-align: left; vertical-align: bottom"><font style="font-size: 10pt">Press release dated September 1, 2016.</font></td></tr>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>SIGNATURES</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in; text-align: justify">
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on
its behalf by the undersigned hereunto duly authorized.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;</P>

<table cellspacing="0" cellpadding="0" style="font: 12pt Times New Roman, Times, Serif; width: 100%">
<tr style="vertical-align: top">
    <td>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</td>
    <TD COLSPAN="2" NOWRAP><font style="font-size: 10pt"><b>United States 12 Month Natural Gas Fund, LP</b></font></td>
    <td>&nbsp;</td></tr>
<tr style="vertical-align: top">
    <td>&nbsp;</td>
    <td colspan="2">&nbsp;</td>
    <td>&nbsp;</td></tr>
<tr style="vertical-align: top">
    <td style="width: 50%">&nbsp;</td>
    <td style="width: 3%"><font style="font-size: 10pt">By:</font></td>
    <td style="width: 32%"><font style="font-size: 10pt">United States Commodity Funds LLC, its general partner</font></td>
    <td style="width: 15%">&nbsp;</td></tr>
<tr style="vertical-align: top">
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td></tr>
<tr style="vertical-align: top">
    <td><font style="font-size: 10pt">Date:&nbsp;&nbsp;September 1, 2016</font></td>
    <td><font style="font-size: 10pt">By: </font></td>
    <TD NOWRAP STYLE="border-bottom: Black 1pt solid"><font style="font-size: 10pt">/s/ John P. Love</font></td>
    <td>&nbsp;</td></tr>
<tr>
    <td style="vertical-align: top">&nbsp;</td>
    <td style="vertical-align: top">&nbsp;</td>
    <td nowrap style="vertical-align: bottom"><font style="font-size: 10pt">Name: John P. Love</font></td>
    <td style="vertical-align: top">&nbsp;</td></tr>
<tr style="vertical-align: top">
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <TD NOWRAP><font style="font-size: 10pt">Title:&nbsp;&nbsp;President (Principal Executive Officer)</font></td>
    <td>&nbsp;</td></tr>
</table>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;</P>

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<TYPE>EX-99.1
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<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify"><IMG SRC="img001.jpg" ALT="">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify"><B>FOR IMMEDIATE RELEASE</B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify"><B>USCF Promotes Andrew Ngim to Chief Operations Officer and
Kevin Baum to Chief Investment Officer.</B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify"><FONT STYLE="font-size: 10pt"><B>Oakland, CA</B> &ndash; September
1, 2016</FONT>.<B> </B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify">USCF today announced two key promotions within the company&rsquo;s
senior management team. Andrew Ngim, Principal and Portfolio Manager, has been promoted to Chief Operations Officer; and Kevin
Baum, formerly Portfolio Manager, has been promoted to Chief Investment Officer.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify">&ldquo;Andy and Kevin have all of my confidence. Both have
made significant contributions to USCF, each demonstrating a commitment to systems improvement, product advancement, and more,&rdquo;
said John Love, President and Chief Executive Officer, USCF. &ldquo;They both have a strong vision that will help USCF meet the
needs of our investors and navigate an increasingly complex environment as we expand geographically and into new segments. Their
leadership and vision will help ensure USCF achieves our goals and serve more investors around the world.&rdquo;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify; color: #535353">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify">Andrew F Ngim<I> </I>co-founded USCF in 2005 and has worked
as Portfolio Manager for the United States Commodity Index Fund (USCI), the United States Copper Index Fund (CPER), the United
States Agriculture Index Fund (USAG) and the Stock Split Index Fund (TOFR). Prior to the creation of USCF, Mr. Ngim co-founded
the Ameristock Corporation where he was Co-Portfolio Manager of the Ameristock Mutual Fund. Mr. Ngim earned his Bachelor of Arts
degree from the University of California at Berkeley.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify; color: #535353">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify">Kevin Baum joined USCF as a Portfolio Manager earlier this
year and brings over 20 years of experience as a Senior Commodities Manager to USCF. Prior to joining USCF, he was Senior Portfolio
Manager of Alternatives and Commodities for Invesco PowerShares. Kevin was part of the Oppenheimer Funds team responsible for launching
the first commodities mutual fund and subsequently, the incorporation of the first off-shore Cayman subsidiary for a commodities
fund. Kevin also served as Senior Portfolio Manager, Head of Commodities and earned the Barron&rsquo;s/Value Line &ldquo;Top 100
Managers&rdquo; designation three times. Kevin is a CFA charterholder and CAIA charterholder. He earned a Bachelor of Business
Administration degree in Finance, from Texas Tech University.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify; color: #535353">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify; color: #535353"><B><U>About USCF</U></B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify">USCF operates on the leading edge of Exchange Traded Product
(ETP) innovation.&nbsp; The firm broke new ground with the launch of the first oil ETP, the United States Oil Fund (USO), in 2006.
Over the next decade, USCF designed and issued twelve more specialty ETPs across commodity and equity asset classes.&nbsp; USCF
currently manages over $5 billion from its headquarters in Oakland, California.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify"></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0.9pt 0 0; text-align: justify"><FONT STYLE="font-size: 8pt"><B>Forward
Looking Statements</B></FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0.9pt 0 0; text-align: justify"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0.9pt 0 0; text-align: justify"><FONT STYLE="font-size: 8pt">Statements
other than statements of historical facts included in this press release may constitute forward looking statements and are not
guarantees of future performance or results and involve a number of assumptions, risks and uncertainties, which change over time.
Actual results may differ materially from those anticipated in any forward-looking statements as a result of a number of factors,
including those described from time to time in filings by the Company with the Securities and Exchange Commission. The Company
undertakes no duty to update any forward-looking statement made herein. All forward-looking statements speak only as of the date
of this press release.</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0.9pt 0 0; text-align: justify"><FONT STYLE="font-size: 8pt"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0.9pt 0 0; text-align: justify"><FONT STYLE="font-size: 8pt">USCF
is a registered trademark. All rights reserved.</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0.9pt 0 0; text-align: justify"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0.9pt 0 0; text-align: justify"><FONT STYLE="font-size: 8pt">Kevin
Baum and John P. Love are registered representatives of ALPS Distributors, Inc.</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0.9pt 0 0; text-align: justify"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify; color: #666666"><FONT STYLE="font-size: 8pt"><B><I>United
States Commodity Funds Disclosures:</I></B></FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify; color: #666666"><FONT STYLE="font-size: 8pt"><B><I>&nbsp;</I></B></FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify"><FONT STYLE="font-size: 8pt; color: #666666"><B><I>Download
a copy of a Fund's Prospectus by clicking one of the following: (</I></B></FONT><FONT STYLE="font-size: 8pt">&nbsp;</FONT><FONT STYLE="font-size: 8pt">USO,&nbsp;</FONT><FONT STYLE="font-size: 8pt">USL</FONT><FONT STYLE="font-size: 8pt">,&nbsp;</FONT><FONT STYLE="font-size: 8pt">DNO</FONT><FONT STYLE="font-size: 8pt">,&nbsp;</FONT><FONT STYLE="font-size: 8pt">UNG</FONT><FONT STYLE="font-size: 8pt">,&nbsp;</FONT><FONT STYLE="font-size: 8pt">UNL</FONT><FONT STYLE="font-size: 8pt">,&nbsp;</FONT><FONT STYLE="font-size: 8pt">UGA</FONT><FONT STYLE="font-size: 8pt">,&nbsp;</FONT><FONT STYLE="font-size: 8pt">UHN</FONT><FONT STYLE="font-size: 8pt">,&nbsp;</FONT><FONT STYLE="font-size: 8pt">BNO</FONT><FONT STYLE="font-size: 8pt">,&nbsp;</FONT><FONT STYLE="font-size: 8pt">USCI</FONT><FONT STYLE="font-size: 8pt">,&nbsp;</FONT><FONT STYLE="font-size: 8pt">CPER</FONT><FONT STYLE="font-size: 8pt">,&nbsp;</FONT><FONT STYLE="font-size: 8pt">USAG</FONT><FONT STYLE="font-size: 8pt">).<FONT STYLE="color: #666666"><B><I>&nbsp;Please
read any Prospectus carefully before investing.</I></B></FONT></FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify"><FONT STYLE="color: #666666"><B><I>&nbsp;</I></B></FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0; text-align: center"><FONT STYLE="color: #666666"><B><I><IMG SRC="img002.jpg" ALT="">&nbsp;</I></B></FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0; text-align: center"><FONT STYLE="color: #666666"><B><I></I></B></FONT></P>

<!-- Field: Rule-Page --><DIV ALIGN="CENTER" STYLE="margin-top: 3pt; margin-bottom: 3pt"><DIV STYLE="font-size: 1pt; border-top: Gray 1.5pt solid; width: 100%">&nbsp;</DIV></DIV><!-- Field: /Rule-Page -->

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0; text-align: center"><FONT STYLE="color: #666666"><B><I><IMG SRC="img003.jpg" ALT="">&nbsp;</I></B></FONT></P>

<P STYLE="font: 8pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify; color: #666666"><B><I></I></B></P>

<!-- Field: Page; Sequence: 1 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt; border-bottom: Silver 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 100%">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify; color: #666666"><B><I>&nbsp;</I></B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify; color: #666666"><B><I><IMG SRC="img001.jpg" ALT="">&nbsp;</I></B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify; color: #666666"><B><I>&nbsp;</I></B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify; color: #666666"><FONT STYLE="font-size: 8pt"><B><I>These
Funds are not mutual funds or any other type of Investment Company within the meaning of the Investment Company Act of 1940, as
amended, and are not subject to regulation thereunder.</I></B></FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify; color: #666666; text-indent: 0.5in"><FONT STYLE="font-size: 8pt"><B><I>&nbsp;&nbsp;</I></B></FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify; color: #666666"><FONT STYLE="font-size: 8pt"><B><I>Commodity
trading is highly speculative and involves a high degree of risk. Commodities and futures generally are volatile and are not suitable
for all investors. Investing in commodity interests subject each Fund to the risks of its related industry. An investor may lose
all or substantially all of an investment. These risks could result in large fluctuations in the price of a particular Fund's
respective shares. Funds that focus on a single sector generally experience greater volatility. For further discussion of these
and additional risks associated with an investment in the Funds please read the respective Fund Prospectus before investing.</I></B></FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify; color: #666666; text-indent: 0.5in"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify; color: #666666"><FONT STYLE="font-size: 8pt"><B><I>TOFR
Disclosures:</I></B></FONT></P>

<P STYLE="font: 8pt Cambria, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #666666"><B><I>&nbsp;</I></B></FONT></P>

<P STYLE="font: 8pt Cambria, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #666666"><B><I>For
a copy of a Prospectus for Stock Split Index Fund click here&nbsp;</I></B></FONT><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">TOFR</FONT><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">.</FONT><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">&nbsp;<FONT STYLE="color: #666666"><B><I>Please
read any Prospectus carefully before investing.&nbsp;</I></B></FONT> <FONT STYLE="color: #666666"><B><I>Investing involves risks,
including loss of principal.</I></B></FONT></FONT></P>

<P STYLE="font: 8pt Arial, Helvetica, Sans-Serif; margin: 0"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0.9pt 0 0; text-align: justify; color: #666666"><FONT STYLE="font-size: 8pt">Funds
distributed by ALPS Distributors, Inc.</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: right; color: #2A2A2A"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: right; color: #2A2A2A"><B>Media Contact:</B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: right; color: #2A2A2A">Katie Rooney</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: right; color: #2A2A2A">Chief Marketing Officer</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: right; color: #2A2A2A">Phone: 614.775.1246</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: right">Email address: krooney@uscfinvestments.com</P>



<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify"></P>
<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify"><FONT STYLE="color: #666666"><B><I>&nbsp;</I></B></FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0; text-align: center"><FONT STYLE="color: #666666"><B><I><IMG SRC="img002.jpg" ALT="">&nbsp;</I></B></FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0; text-align: center"><FONT STYLE="color: #666666"><B><I></I></B></FONT></P>

<!-- Field: Rule-Page --><DIV ALIGN="CENTER" STYLE="margin-top: 3pt; margin-bottom: 3pt"><DIV STYLE="font-size: 1pt; border-top: Gray 1.5pt solid; width: 100%">&nbsp;</DIV></DIV><!-- Field: /Rule-Page -->

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0; text-align: center"><FONT STYLE="color: #666666"><B><I><IMG SRC="img003.jpg" ALT="">&nbsp;</I></B></FONT></P>

<P STYLE="font: 8pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>


<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify"></P>

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</DOCUMENT>
</SEC-DOCUMENT>
