Exhibit 99.1

 

United States 12 Month Natural Gas Fund, LP

Monthly Account Statement

For the Month Ended May 31, 2022

 

Statement of Income (Loss)    
Income     
Realized Trading Gain (Loss) on Commodity Futures  $1,088,240 
Unrealized Gain (Loss) on Market Value of Commodity Futures   1,908,840 
Dividend Income   20,569 
Interest Income   5 
ETF Transaction Fees   2,100 
Total Income (Loss)  $3,019,754 
      
Expenses     
General Partner Management Fees  $26,837 
Professional Fees   11,168 
Brokerage Commissions   913 
Directors' Fees and insurance   1,233 
NYMEX License Fee   537 
Total Expenses   40,688 
Expense Waiver   (9,283)
Net Expenses  $31,405 
Net Income (Loss)  $2,988,349 

 

Statement of Changes in Net Asset Value    
Net Asset Value Beginning of Month 5/1/22  $34,579,851 
Additions (500,000 Shares)   13,014,581 
Net Income (Loss)   2,988,349 
      
Net Asset Value End of Month  $50,582,781 
Net Asset Value Per Share (2,050,000 Shares)  $24.67 

 

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 May 31, 2022 is accurate and complete.

 

/s/ Stuart P. Crumbaugh  

Stuart P. Crumbaugh

Chief Financial Officer

United States Commodity Funds LLC, General Partner of United States 12 Month Natural Gas Fund, LP

 

United States Commodity Funds LLC

1850 Mt. Diablo Boulevard, Suite 640

Walnut Creek, CA 94596