EX-99.1 2 us12of8kex99_2010-0129.htm 2010-0128 US12OF FINANCIAL STATEMENTS us12of8kex99_2010-0129.htm

           
 Exhibit 99.1
United States 12 Month Oil Fund, LP
        
Monthly Account Statement
        
For the Month Ended December 31, 2009
        
             
             
Statement of Income (Loss)
        
             
Income
            
Realized Trading Gain (Loss)
    
$
                 2,978,040
Unrealized Gain (Loss) on Market Value of Futures
      
                (4,080,520)
Interest Income
      
                        6,794
ETF Transaction Fees
      
                        2,000
 
Total Income (Loss)
    
$
                (1,093,686)
             
Expenses
          
Investment Advisory Fee
    
$
                      78,963
Tax Reporting Fees
      
                      55,800
Legal fees
        
                      15,205
Audit fees
        
                      12,400
SEC & FINRA Registration Expense
      
                        4,483
NYMEX License Fee
      
                        3,012
Brokerage Commissions
      
                        2,508
Non-interested Directors' Fees and Expenses
      
                           607
Prepaid Insurance Expense
      
                           433
 
Total Expenses
    
$
                    173,411
 
  
Net Gain (Loss)
    
$
                (1,267,097)
             
             
Statement of Changes in Net Asset Value
        
             
             
Net Asset Value Beginning of Period 12/1/09
    
$
             151,027,944
Additions (400,000 Units)
      
               15,762,462
Net Gain (Loss)
      
                (1,267,097)
             
 
Net Asset Value End of Period
    
$
             165,523,309
 
Net Asset Value Per Unit (4,100,000 Units)
  
$
                        40.37
             
             
             
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 December 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