EX-99.1 2 v408277_ex99-1.htm EXHIBIT 99.1

 

Exhibit 99.1

 

United States 12 Month Oil Fund, LP  
Monthly Account Statement  
For the Month Ended March 31, 2015  
   
Statement of Income (Loss)  

 

Income     
Realized Trading Gain (Loss) on Futures  $(2,414,051)
Unrealized Gain (Loss) on Market Value of Futures   (4,062,549)
Dividend Income   631 
Interest Income   1,965 
ETF Transaction Fees   350 
Total Income (Loss)  $(6,473,654)
      
Expenses     
General Partner Management Fees  $37,491 
Professional Fees   9,753 
Brokerage Commissions   2,439 
NYMEX License Fee   937 
Non-interested Directors' Fees and Expenses   463 
Prepaid Insurance Expense   330 
Total Expenses  $51,413 
Net Income (Loss)  $(6,525,067)
      
Statement of Changes in Net Asset Value     
      
Net Asset Value Beginning of Month 3/1/15  $74,549,343 
Additions (150,000 Shares)   3,855,822 
Net Income (Loss)   (6,525,067)
      
Net Asset Value End of Month  $71,880,098 
Net Asset Value Per Share (3,000,000 Shares)  $23.96 

 

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 March 31, 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