Fund Description
The investment objective of UNL is to have the changes in percentage terms of the units net asset value reflect the changes in percentage terms of the spot price of natural gas delivered at the Henry Hub Louisiana as measured by the changes in the average of the prices of 12 futures contracts on natural gas traded on the New York Mercantile Exchange consisting of the near month contact to expire and the contracts for the following eleven months for a total of 12 consecutive months contracts except when the near month contract is within two weeks of expiration in which case it will be measured by the futures contract that is the next month contract to expire and the contracts for the following eleven consecutive months less UNLs expenses.
Fund Profile
Fund Name United States 12 Month Natural Gas Fund LP
Fund Exchange Ticker UNL
Fund Sponsor United States Commodity Funds
Fund ISIN US91288X1090
Net Expense Ratio 0.90 %
Fund Inception Date 18 November 2009
Fund Legal Structure Limited Partnership
Exchange NYSE Arca
Listing Country Code US
Fund Investment Objective
ETF Type Specific Commodities & Metals - Energy
Asset Class Commodities & Metals
Index Linked Passive
Index Name Natural Gas - NYMEX traded next 12 months average futures contracts
Index Provider Not Applicable
Currency Hedged No
Inverse / Leveraged Not Applicable
Developed / Emerging Funds Combining Developed & Emerging Exposure
Commodity Types Energy
Key Statistics
Return As of Date 14 June 2019
Asset Under Management 4.25 Million (USD)
1 Month Total Return -7.14 %
Year To Date Return -8.66 %
1 Year Total Return -0.26 %
3 Year Annualized Total Return -2.54 %
NAV 9.45
Share Outstanding 450,000
Top 10 Holdings (14 June 2019)
Constituent Name Constituent Ticker Constituent Type Weighting
US DOLLARS CASH 0.1006246248
NYMEX Natural Gas NG JAN20 FUTR 0.0444731126
NYMEX Natural Gas NG FEB20 FUTR 0.0441079282
NYMEX Natural Gas NG MAR20 FUTR 0.0430123749
NYMEX Natural Gas NG DEC19 FUTR 0.0425519250
NYMEX Natural Gas NG JUN20 FUTR 0.0400591443
NYMEX Natural Gas NG APR20 FUTR 0.0399003684
NYMEX Natural Gas NG NOV19 FUTR 0.0395193064
NYMEX Natural Gas NG OCT19 FUTR 0.0383126100