EX-99.1 2 us12of8kex99_2009-0828.htm 2009-0828 US12OF FINANCIAL STATMENTS us12of8kex99_2009-0828.htm

United States 12 Month Oil Fund, LP
         Exhibit 99.1
Monthly Account Statement
        
For the Month Ended July 31, 2009
        
             
             
Statement of Income (Loss)
        
             
Income
            
Realized Trading Gain (Loss)
    
$
                 4,778,620
Unrealized Gain (Loss) on Market Value of Futures
      
                (2,594,850)
Interest Income
      
                      19,448
ETF Transaction Fees
      
                        1,000
 
Total Income (Loss)
    
$
                 2,204,218
             
Expenses
          
Investment Advisory Fee
    
$
                      86,530
Tax Reporting Fees
      
                      16,800
SEC & FINRA Registration Expense
      
                      14,500
Audit Fees
        
                      12,400
Legal Fees
        
                      11,470
NYMEX License Fee
      
                        3,325
Brokerage Commissions
      
                           840
Non-interested Directors' Fees and Expenses
      
                           705
Prepaid Insurance Expense
      
                           433
 
Total Expenses
    
$
                    147,003
 
  
Net Gain (Loss)
    
$
                 2,057,215
             
             
Statement of Changes in Net Asset Value
        
             
             
Net Asset Value Beginning of Period 7/1/09
    
$
             181,215,301
Additions (300,000 Units)
      
               11,464,182
Withdrawals (200,000 Units)
      
                (7,489,223)
Net Gain (Loss)
      
                 2,057,215
             
 
Net Asset Value End of Period
    
$
             187,247,475
 
Net Asset Value Per Unit (4,900,000 Units)
  
$
                        38.21
             
             
             
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 July 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