EX-99.1 2 v405163_ex99-1.htm EXHIBIT 99.1

Exhibit 99.1

 

United States 12 Month Oil Fund, LP

Monthly Account Statement

For the Month Ended February 28, 2015

 

Statement of Income (Loss)    
     
Income    
Realized Trading Gain (Loss) on Futures  $(2,053,542)
Unrealized Gain (Loss) on Market Value of Futures   5,256,131 
Dividend Income   552 
Interest Income   1,405 
ETF Transaction Fees   2,100 
Total Income (Loss)  $3,206,646 
      
Expenses     
General Partner Management Fees  $32,709 
Professional Fees   5,912 
Brokerage Commissions   1,507 
NYMEX License Fee   818 
Prepaid Insurance Expense   625 
Non-interested Directors' Fees and Expenses   423 
Total Expenses  $41,994 
Net Income (Loss)  $3,164,652 
      
Statement of Changes in Net Asset Value     
      
Net Asset Value Beginning of Month 2/1/15  $57,085,480 
Additions (550,000 Shares)   14,299,211 
Net Income (Loss)   3,164,652 
      
Net Asset Value End of Month  $74,549,343 
Net Asset Value Per Share (2,850,000 Shares)  $26.16 

 

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 February 28, 2015 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