EX-99.1 2 tm239381d3_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, 2023

 

Statement of Income (Loss)    
Income     
Realized Trading Gain (Loss) on Commodity Futures  $(615,150)
Unrealized Gain (Loss) on Market Value of Commodity Futures   (1,700,710)
Dividend Income   60,141 
Interest Income   183,148 
ETF Transaction Fees   1,050 
Total Income (Loss)  $(2,071,521)
      
Expenses     
General Partner Management Fees  $37,128 
Professional Fees   3,835 
Brokerage Commissions   886 
Directors' Fees and insurance   3,318 
License fees   929 
Total Expenses  $46,096 
Net Income (Loss)  $(2,117,617)

 

Statement of Changes in Net Asset Value    
Net Asset Value Beginning of Month 2/1/23  $82,429,259 
Additions (100,000 Shares)   3,437,652 
Withdrawals (100,000 Shares)   (3,403,828)
Net Income (Loss)   (2,117,617)
      
Net Asset Value End of Month  $80,345,466 
Net Asset Value Per Share (2,350,000 Shares)  $34.19 

 

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 February 28, 2023 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