EX-99.1 2 us12of8kex99_2010-1031.htm 2010-1031 US12OF FINANCIAL STATEMENT us12of8kex99_2010-1031.htm
     
Exhibit 99.1
  
United States 12 Month Oil Fund, LP
      
Monthly Account Statement
      
For the Month Ended October 31, 2010
      
         
         
Statement of Income (Loss)
      
         
Income
        
Realized Trading Gain (Loss)
   $ 1,096,990  
Unrealized Gain (Loss) on Market Value of Futures
     (885,250 )
Dividend Income
     6,557  
Interest Income
     50  
ETF Transaction Fees
     1,000  
 
Total Income (Loss)
   $ 219,347  
           
Expenses
          
Investment Advisory Fee
   $ 77,717  
Audit fees
     3,255  
NYMEX License Fee
     3,169  
Brokerage Commissions
     1,524  
Non-interested Directors' Fees and Expenses
     923  
SEC & FINRA Registration Expense
     620  
Legal fees
     551  
 
Total Expenses
   $ 87,759  
 
    Net Gain (Loss)
   $ 131,588  
           
           
Statement of Changes in Net Asset Value
        
           
           
Net Asset Value Beginning of Period 10/1/10
   $ 150,486,988  
Withdrawals (200,000 Units)
     (7,762,861 )
Net Gain (Loss)
     131,588  
           
 
Net Asset Value End of Period
   $ 142,855,715  
 
Net Asset Value Per Unit (3,700,000 Units)
   $ 38.61  
           
           
           
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, 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