United States 12 Month Oil Fund, LP (USL) filed a Current Report on Form 8-K with the Securities and Exchange Commission on September 29, 2026, disclosing the financial results for the month ended August 31, 2026. The filing includes the monthly account statement, which details the fund's realized and unrealized gains, income, and expenses.
According to the Statement of Income (Loss) provided in the filing, the fund generated total income of $2,169,885 for the month. This income was derived from several sources, including a realized trading gain of $744,539 on commodity futures, an unrealized gain of $1,293,169 on the market value of those futures, dividend income of $101,189, interest income of $30,638, and ETF transaction fees totaling $350.
Operating expenses for the month amounted to $40,968. These costs included general partner management fees of $22,689, professional fees of $16,106, brokerage commissions of $464, directors' fees and insurance of $1,141, and license fees of $568. After deducting expenses from total income, the fund reported a net income of $2,128,917.
The Statement of Changes in Net Asset Value indicates that the fund’s Net Asset Value (NAV) at the beginning of the month on August 1, 2026, was $44,964,555. Following the addition of the month's net income and a reduction of 50,000 shares in withdrawals, the Net Asset Value at the end of the month stood at $44,487,522. The Net Asset Value per share, based on 850,000 shares outstanding, was reported at $52.34.
