Exhibit 99.1

 

United States 12 Month Natural Gas Fund, LP

Monthly Account Statement

For the Month Ended October 31, 2022

 

Statement of Income (Loss)    
Income     
Realized Trading Gain (Loss) on Commodity Futures  $(87,873)
Unrealized Gain (Loss) on Market Value of Commodity Futures   (1,726,037)
Dividend Income   79,740 
Interest Income   10,547 
ETF Transaction Fees   700 
Total Income (Loss)  $(1,722,923)
      
Expenses     
General Partner Management Fees  $23,317 
Professional Fees   9,868 
Brokerage Commissions   600 
Directors' Fees and insurance   1,233 
NYMEX License Fee   466 
Total Expenses   35,484 
Expense Waiver   (7,375)
Net Expenses  $28,109 
Net Income (Loss)  $(1,751,032)

 

Statement of Changes in Net Asset Value    
Net Asset Value Beginning of Month 10/1/22  $38,528,295 
Withdrawals (200,000 Shares)   (4,137,818)
Net Income (Loss)   (1,751,032)
      
Net Asset Value End of Month  $32,639,445 
Net Asset Value Per Share (1,550,000 Shares)  $21.06 

 

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 October 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