EX-99.1 2 us12of8kex99_2010-0930.htm 2010-0930 US12OF FINANCIAL STATEMENT us12of8kex99_2010-0930.htm
     
Exhibit 99.1
  
United States 12 Month Oil Fund, LP
      
Monthly Account Statement
      
For the Month Ended September 30, 2010
      
         
         
Statement of Income (Loss)
      
         
Income
        
Realized Trading Gain (Loss)
   $ (592,370 )
Unrealized Gain (Loss) on Market Value of Futures
     10,600,690  
Dividend Income
     6,479  
Interest Income
     53  
ETF Transaction Fees
     1,000  
 
Total Income (Loss)
   $ 10,015,852  
           
Expenses
          
Investment Advisory Fee
   $ 72,794  
Audit fees
     3,150  
NYMEX License Fee
     2,945  
Brokerage Commissions
     1,313  
Non-interested Directors' Fees and Expenses
     828  
SEC & FINRA Registration Expense
     600  
 
Total Expenses
   $ 81,630  
 
Net Gain (Loss)
   $ 9,934,222  
           
           
Statement of Changes in Net Asset Value
        
           
           
Net Asset Value Beginning of Period 9/1/10
   $ 144,224,855  
Withdrawals (100,000 Units)
     (3,672,089 )
Net Gain (Loss)
     9,934,222  
           
 
Net Asset Value End of Period
   $ 150,486,988  
 
Net Asset Value Per Unit (3,900,000 Units)
   $ 38.59  
           
           
           
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 September 30, 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