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 19 March 2019
Asset Under Management 4.97 Million (USD)
1 Month Total Return 5.85 %
Year To Date Return 6.78 %
1 Year Total Return 19.57 %
3 Year Annualized Total Return 8.48 %
NAV 11.04
Share Outstanding 450,000
Top 10 Holdings (19 March 2019)
Constituent Name Constituent Ticker Constituent Type Weighting
US DOLLARS CASH 0.0677890864
NYMEX Natural Gas NG JAN20 FUTR 0.0469851335
NYMEX Natural Gas NG FEB20 FUTR 0.0460074925
NYMEX Natural Gas NG DEC19 FUTR 0.0459345342
NYMEX Natural Gas NG NOV19 FUTR 0.0440959855
NYMEX Natural Gas NG MAR20 FUTR 0.0439062940
NYMEX Natural Gas NG AUG19 FUTR 0.0434685443
NYMEX Natural Gas NG SEP19 FUTR 0.0432788527
NYMEX Natural Gas NG JUL19 FUTR 0.0432350778
NYMEX Natural Gas NG JUN19 FUTR 0.0425346783