EX-99.1 2 tv525706_ex99-1.htm EXHIBIT 99.1

 

Exhibit 99.1

 

United States 12 Month Oil Fund, LP

Monthly Account Statement

For the Month Ended June 30, 2019

 

Statement of Income (Loss)    
     
Income     
Realized Trading Gain (Loss) on Futures  $(883,466)
Unrealized Gain (Loss) on Market Value of Futures   4,890,966 
Dividend Income   14,959 
Interest Income   85,698 
ETF Transaction Fees   350 
Total Income (Loss)  $4,108,507 
      
Expenses     
General Partner Management Fees  $25,767 
Professional Fees   12,698 
Brokerage Commissions   577 
Non-interested Directors' Fees and Expenses   608 
Prepaid Insurance Expense   480 
NYMEX License Fee   644 
Total Expenses  $40,774 
Net Income (Loss)  $4,067,733 
      
Statement of Changes in Net Asset Value     
      
Net Asset Value Beginning of Month 6/1/19  $51,457,454 
Withdrawals (50,000 Shares)   (1,018,789)
Net Income (Loss)   4,067,733 
      
Net Asset Value End of Month  $54,506,398 
Net Asset Value Per Share (2,500,000 Shares)  $21.80 

 

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 June 30, 2019 is accurate and complete.

 

/s/ Stuart P. Crumbaugh  
Stuart P. Crumbaugh  
Chief Financial Officer  
United States Commodity Funds LLC, General Partner of United States 12 Month Oil Fund, LP  
   
United States Commodity Funds LLC  
1850 Mt. Diablo Boulevard, Suite 640  
Walnut Creek, CA 94596