Exhibit 99.1
United States 12 Month Natural Gas Fund, LP
Monthly Account Statement
For the Month Ended October 31, 2014
Statement of Income (Loss) |
| | | |
Income | | | |
Realized Trading Gain (Loss) on Futures | | $ | (111,604 | ) |
Unrealized Gain (Loss) on Market Value of Futures | | | (841,690 | ) |
Dividend Income | | | 232 | |
Interest Income | | | 188 | |
ETF Transaction Fees | | | 700 | |
Total Income (Loss) | | $ | (952,174 | ) |
| | | | |
Expenses | | | | |
General Partner Management Fees | | $ | 10,551 | |
Professional Fees | | | 9,610 | |
Brokerage Commissions | | | 314 | |
Prepaid Insurance Expense | | | 272 | |
NYMEX License Fee | | | 211 | |
Non-interested Directors' Fees and Expenses | | | 189 | |
Total Expenses | | | 21,147 | |
Expense Waiver | | | (8,615 | ) |
Net Expenses | | $ | 12,532 | |
Net Income (Loss) | | $ | (964,706 | ) |
Statement of Changes in Net Asset Value |
| | | |
Net Asset Value Beginning of Month 10/1/14 | | $ | 16,238,271 | |
Additions (150,000 Shares) | | | 2,559,710 | |
Net Income (Loss) | | | (964,706 | ) |
| | | | |
Net Asset Value End of Month | | $ | 17,833,275 | |
Net Asset Value Per Share (1,050,000 Shares) | | $ | 16.98 | |
To the Limited Partners of United States 12 Month Natural Gas Fund, LP: |
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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 October 31, 2014 is accurate and complete. |
| |
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/s/ Howard Mah | |
| |
Howard Mah | |
Chief Financial Officer | |
United States Commodity Funds LLC, General Partner of United States 12 Month Natural Gas Fund, LP |
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United States Commodity Funds LLC | |
1999 Harrison Street, Suite 1530 | |
Oakland, CA 94612 | |