EX-99.1 2 us12of8kex99_2010-0326.htm 2010-0326 US12OF FINANCIAL STATEMENTS us12of8kex99_2010-0326.htm

           
 Exhibit 99.1
United States 12 Month Oil Fund, LP
        
Monthly Account Statement
        
For the Month Ended February 28, 2010
        
             
             
Statement of Income (Loss)
        
             
Income
            
Realized Trading Gain (Loss)
    
$
                 2,079,360
Unrealized Gain (Loss) on Market Value of Futures
      
                 8,255,640
Interest Income
      
                        2,747
 
Total Income (Loss)
    
$
               10,337,747
             
Expenses
          
Investment Advisory Fee
    
$
                      71,971
Tax Reporting Fees
      
                      22,400
Audit fees
        
                      11,200
Legal fees
        
                        5,600
NYMEX License Fee
      
                        2,783
Brokerage Commissions
      
                        1,107
Non-interested Directors' Fees and Expenses
      
                           614
SEC & FINRA Registration Expense
      
                           560
Prepaid Insurance Expense
      
                           391
 
Total Expenses
    
$
                    116,626
 
  
Net Gain (Loss)
    
$
               10,221,121
             
             
Statement of Changes in Net Asset Value
        
             
             
Net Asset Value Beginning of Period 2/1/10
    
$
             151,616,160
Net Gain (Loss)
      
               10,221,121
             
 
Net Asset Value End of Period
    
$
             161,837,281
 
Net Asset Value Per Unit (4,100,000 Units)
  
$
                        39.47
             
             
             
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 February 28, 2010 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