EX-99.1 2 v358289_ex99-1.htm EXHIBIT 99.1

 

United States 12 Month Oil Fund, LP

Monthly Account Statement

For the Month Ended September 30, 2013

 

 

Statement of Income (Loss)    
     
Income     
Realized Trading Gain (Loss) on Futures  $1,389,570 
Unrealized Gain (Loss) on Market Value of Futures   (2,968,390)
Dividend Income   1,160 
Interest Income   477 
ETF Transaction Fees   350 
Total Income (Loss)  $(1,576,833)
      
Expenses     
General Partner Management Fees  $39,769 
Tax Reporting Fees   9,510 
Audit Fees   6,960 
SEC & FINRA Registration Expense   2,259 
NYMEX License Fee   994 
Non-interested Directors' Fees and Expenses   824 
Brokerage Commissions   709 
Prepaid Insurance Expense   699 
Total Expenses  $61,724 
Net Income (Loss)  $(1,638,557)

 

Statement of Changes in Net Asset Value    
     
Net Asset Value Beginning of Month 9/1/13  $83,829,720 
Withdrawals (100,000 Units)   (4,454,307)
Net Income (Loss)   (1,638,557)
      
Net Asset Value End of Month  $77,736,856 
Net Asset Value Per Unit (1,800,000 Units)  $43.19 

 

 

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, 2013 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