EX-99.1 2 v326849_ex99-1.htm EXHIBIT 99.1

 

Exhibit 99.1

 

United States 12 Month Oil Fund, LP

Monthly Account Statement

For the Month Ended September 30, 2012

 

Statement of Income (Loss)    
     
Income     
Realized Trading Gain (Loss) on Futures  $1,001,270 
Unrealized Gain (Loss) on Market Value of Futures   (5,783,050)
Dividend Income   2,213 
Interest Income   918 
ETF Transaction Fees   700 
Total Income (Loss)  $(4,777,949)
      
Expenses     
General Partner Management Fees  $60,447 
SEC & FINRA Registration Expense   7,685 
Audit Fees   6,960 
Brokerage Commissions   2,798 
NYMEX License Fee   1,511 
Tax Reporting Fees   1,214 
Non-interested Directors' Fees and Expenses   1,080 
Prepaid Insurance Expense   931 
Total Expenses  $82,626 
Net Income (Loss)  $(4,860,575)

 

Statement of Changes in Net Asset Value    
     
Net Asset Value Beginning of Month 9/1/12  $120,272,204 
Additions (450,000 Units)   18,835,331 
Withdrawals (450,000 Units)   (19,111,636)
Net Income (Loss)   (4,860,575)
      
Net Asset Value End of Month  $115,135,324 
Net Asset Value Per Unit (2,850,000 Units)  $40.40 

 

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, 2012 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

1999 Harrison Street, Suite 1530

Oakland, CA 94612