United States 12 Month Oil Fund, LP

Schedule of Investments

At December 31, 2012


	Number of Contracts		Unrealized Gain (Loss) on Open Commodity Contracts			% of Partners’ Capital
Open Futures Contracts – Long
United States Contracts
NYMEX Crude Oil Futures CL February 2013 contracts, expiring January 2013		89	$	31,290			0.03
NYMEX Crude Oil Futures CL March 2013 contracts, expiring February 2013		89		51,770			0.05
NYMEX Crude Oil Futures CL April 2013 contracts, expiring March 2013		89		21,590			0.02
NYMEX Crude Oil Futures CL May 2013 contracts, expiring April 2013		89		91,950			0.09
NYMEX Crude Oil Futures CL June 2013 contracts, expiring May 2013		89		182,510			0.19
NYMEX Crude Oil Futures CL July 2013 contracts, expiring June 2013		89		377,930			0.38
NYMEX Crude Oil Futures CL August 2013 contracts, expiring July 2013		89		334,910			0.34
NYMEX Crude Oil Futures CL September 2013 contracts, expiring August 2013		89		(88,080	)		(0.09	)
NYMEX Crude Oil Futures CL October 2013 contracts, expiring September 2013		89		(171,350	)		(0.17	)
NYMEX Crude Oil Futures CL November 2013 contracts, expiring October 2013		89		181,690			0.18
NYMEX Crude Oil Futures CL December 2013 contracts, expiring November 2013		89		380,660			0.38
NYMEX Crude Oil Futures CL January 2014 contracts, expiring December 2013		89		162,040			0.16

Total Open Futures Contracts		1,068	$	1,556,910			1.56


	Principal Amount		Market Value
Cash Equivalents
United States Treasury Obligation
U.S. Treasury Bill, 0.10%, 1/17/2013	$	6,600,000	$	6,599,721			6.63


United States – Money Market Funds
Fidelity Institutional Government Portfolio – Class I		4,161,900		4,161,900			4.18
Goldman Sachs Financial Square Funds – Government Fund – Class FS		26,455,359		26,455,359			26.58
Morgan Stanley Institutional Liquidity Fund – Government Portfolio		30,537,560		30,537,560			30.69
Wells Fargo Advantage Government Money Market Fund – Class I		25,001,245		25,001,245			25.12

Total Money Market Funds				86,156,064			86.57

Total Cash Equivalents			$	92,755,785			93.20

See accompanying notes to financial statements.

United States 12 Month Oil Fund, LP

Schedule of Investments

At December 31, 2011


	Number of Contracts		Unrealized Gain (Loss) on Open Commodity Contracts			% of Partners’ Capital
Open Futures Contracts – Long
United States Contracts
NYMEX Crude Oil Futures CL February 2012 contracts, expiring January 2012		143	$	260,330			0.15
NYMEX Crude Oil Futures CL March 2012 contracts, expiring February 2012		143		16,290			0.01
NYMEX Crude Oil Futures CL April 2012 contracts, expiring March 2012		143		(640,870	)		(0.38	)
NYMEX Crude Oil Futures CL May 2012 contracts, expiring April 2012		143		(1,031,540	)		(0.61	)
NYMEX Crude Oil Futures CL June 2012 contracts, expiring May 2012		143		355,110			0.21
NYMEX Crude Oil Futures CL July 2012 contracts, expiring June 2012		143		(273,840	)		(0.16	)
NYMEX Crude Oil Futures CL August 2012 contracts, expiring July 2012		143		(75,810	)		(0.04	)
NYMEX Crude Oil Futures CL September 2012 contracts, expiring August 2012		143		1,680,120			0.99
NYMEX Crude Oil Futures CL October 2012 contracts, expiring September 2012		143		1,338,520			0.79
NYMEX Crude Oil Futures CL November 2012 contracts, expiring October 2012		143		1,913,700			1.13
NYMEX Crude Oil Futures CL December 2012 contracts, expiring November 2012		143		692,460			0.41
NYMEX Crude Oil Futures CL January 2013 contracts, expiring December 2012		143		(232,350	)		(0.14	)

Total Open Futures Contracts		1,716	$	4,002,120			2.36


	Principal Amount		Market Value
Cash Equivalents
United States Treasury Obligation
U.S. Treasury Bill, 0.03%, 6/21/2012	$	13,450,000	$	13,448,072			7.93


United States – Money Market Funds
Fidelity Institutional Government Portfolio – Class I		40,159,317		40,159,317			23.69
Goldman Sachs Financial Square Funds – Government Fund – Class SL		6,451,449		6,451,449			3.81
Morgan Stanley Institutional Liquidity Fund – Government Portfolio		60,517,522		60,517,522			35.71

Total Money Market Funds				107,128,288			63.21

Total Cash Equivalents			$	120,576,360			71.14