EX-99.1 2 us12of8kex99_2009-0630.htm US12OF FINANCIAL STATEMENT 2009-0630 us12of8kex99_2009-0630.htm

United States 12 Month Oil Fund, LP
      
  Exhibit 99.1
Monthly Account Statement
        
For the Month Ended May 31, 2009
        
             
             
Statement of Income (Loss)
        
             
Income
            
Realized Trading Gain (Loss)
    
$
                 3,865,570
Unrealized Gain (Loss) on Market Value of Futures
      
               29,827,740
Interest Income
      
                      26,594
ETF Transaction Fees
      
                        2,000
 
Total Income (Loss)
    
$
               33,721,904
             
Expenses
          
Investment Advisory Fee
    
$
                      94,184
SEC & FINRA Registration Expense
      
                      15,500
Legal Fees
        
                      11,470
Tax Reporting Fees
      
                        6,394
NYMEX License Fee
      
                        3,798
Brokerage Commissions
      
                        3,430
Audit Fees
        
                        2,131
Non-interested Directors' Fees and Expenses
      
                        1,053
Prepaid Insurance Expense
      
                           434
 
Total Expenses
    
$
                    138,394
   
Net Gain (Loss)
    
$
               33,583,510
             
             
Statement of Changes in Net Asset Value
        
             
             
Net Asset Value Beginning of Period 5/1/09
    
$
             165,010,988
Additions (200,000 Units)
      
                 6,660,387
Withdrawals (300,000 Units)
      
              (10,231,233)
Net Gain (Loss)
      
               33,583,510
             
 
Net Asset Value End of Period
    
$
             195,023,652
 
Net Asset Value Per Unit (5,400,000 Units)
  
$
                        36.12
             
             
             
To the Limited Partners of United States 12 Month Oil 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, 2009 is accurate and complete.
      
             
             
/s/ Howard Mah
        
             
Howard Mah
        
Chief Financial Officer
        
United States Commodity Funds LLC, General Partner of United States 12 Month Oil Fund, LP
             
United States Commodity Funds LLC
        
1320 Harbor Bay Parkway
        
Suite 145
          
Alameda, CA 94502