EX-99.1 2 v167689_ex99-1.htm
Exhibit 99.1
 
United States 12 Month Oil Fund, LP
Monthly Account Statement
For the Month Ended October 31, 2009

Statement of Income (Loss)
  
       
Income
      
Realized Trading Gain (Loss)
   $ 11,838,040  
Unrealized Gain (Loss) on Market Value of Futures
     3,620,640  
Interest Income
     8,803  
ETF Transaction Fees
     3,000  
Total Income (Loss)
   $ 15,470,483  
         
Expenses
        
Investment Advisory Fee
   $ 89,041  
Tax Reporting Fees
     53,700  
Legal Fees
     16,122  
Audit fees
     12,400  
Brokerage Commissions
     4,508  
SEC & FINRA Registration Expense
     4,150  
NYMEX License Fee
     3,419  
Non-interested Directors' Fees and Expenses
     722  
Prepaid Insurance Expense
     433  
Total Expenses
   $ 184,495  
Net Gain (Loss)
   $ 15,285,988  
         
         
Statement of Changes in Net Asset Value
  
         
Net Asset Value Beginning of Period 10/1/09
   $ 169,182,616  
Withdrawals (900,000 Units)
     (36,831,854 )
Net Gain (Loss)
     15,285,988  
         
Net Asset Value End of Period
   $ 147,636,750  
Net Asset Value Per Unit (3,700,000 Units)
   $ 39.90  

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 October 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