US 12 Month Natural Gas Fund (NYSE: UNL) posts March net income
Rhea-AI Filing Summary
United States 12 Month Natural Gas Fund, LP furnished its monthly account statement for the month ended March 31, 2026. The fund recorded net income of $103,477, driven by an unrealized gain on commodity futures, dividend income, and interest income, partly offset by a realized trading loss.
Net asset value was $15,421,426 at the beginning of March and increased to $15,524,903 at month-end. Based on 2,250,000 shares, net asset value per share was $6.90. The statement was provided under Regulation FD and Rule 4.22 of the Commodity Exchange Act.
Positive
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8-K Event Classification
2 items: 7.01, 9.01
2 items
Item 7.01
Regulation FD Disclosure
Disclosure
Material non-public information disclosed under Regulation Fair Disclosure, often investor presentations or guidance.
Item 9.01
Financial Statements and Exhibits
Exhibits
Financial statements, pro forma financial information, and exhibit attachments filed with this report.
Key Figures
Realized trading loss on commodity futures: $199,688
Unrealized gain on commodity futures: $276,638
Dividend income: $33,663
+5 more
8 metrics
Realized trading loss on commodity futures
$199,688
For the month ended March 31, 2026
Unrealized gain on commodity futures
$276,638
For the month ended March 31, 2026
Dividend income
$33,663
For the month ended March 31, 2026
Interest income
$14,935
For the month ended March 31, 2026
Total expenses
$22,071
For the month ended March 31, 2026
Net income
$103,477
For the month ended March 31, 2026
Net asset value end of month
$15,524,903
As of March 31, 2026
NAV per share
$6.90
2,250,000 shares as of March 31, 2026
Key Terms
Regulation FD Disclosure, Statement of Income (Loss), Statement of Changes in Net Asset Value, Commodity Futures, +2 more
6 terms
Regulation FD Disclosure regulatory
"Item 7.01. Regulation FD Disclosure. On April 29, 2026, United States 12 Month Natural Gas Fund"
Regulation FD disclosure requires public companies to share important, market-moving information with everyone at the same time instead of tipping off analysts or large investors first. Think of it as making sure all players on a field hear the same announcement simultaneously; that fairness helps investors trust that stock prices reflect the same information and reduces the risk of sudden, unfair trading advantages or regulatory penalties for selective leaks.
Statement of Income (Loss) financial
"issued its monthly account statement ... in the form of a Statement of Income (Loss) and a Statement of Changes"
Statement of Changes in Net Asset Value financial
"in the form of a Statement of Income (Loss) and a Statement of Changes in Net Asset Value, as required"
Commodity Futures financial
"Realized Trading Gain (Loss) on Commodity Futures"
Net Asset Value financial
"Net Asset Value End of Month | | $ | 15,524,903 | Net Asset Value Per Share"
Net asset value is the total value of an investment fund's assets minus any liabilities, divided by the number of shares or units outstanding. It represents the per-share worth of the fund, similar to how the value of a house is determined by its total worth after debts are subtracted. Investors use it to gauge the true value of their holdings and to compare different investment options.
Rule 4.22 regulatory
"as required pursuant to Rule 4.22 under the Commodity Exchange Act"
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What did United States 12 Month Natural Gas Fund (UNL) report for March 2026?
UNL reported net income of $103,477 for March 2026. Total income of $125,548 came mainly from unrealized gains on commodity futures, dividends, and interest, while expenses of $22,071 reduced the result to the final net income figure.
How did UNL’s net asset value change during March 2026?
UNL’s net asset value rose to $15,524,903 by March 31, 2026. It began the month at $15,421,426, and the $103,477 net income for the period accounts for the increase in net assets reported in the monthly statement.
What were the main income components for UNL in March 2026?
UNL’s March 2026 income was driven by several components. The fund reported an unrealized gain on commodity futures of $276,638, dividend income of $33,663, interest income of $14,935, and a realized trading loss on commodity futures of $199,688.
What types of expenses did UNL incur during March 2026?
UNL recorded total expenses of $22,071 in March 2026. These included general partner management fees, professional fees, brokerage commissions, directors’ fees and insurance, and license fees, all of which reduced total income to arrive at net income.
Under which SEC item did UNL furnish its March 2026 account statement?
UNL furnished the March 2026 account statement under Item 7.01. This item covers Regulation FD Disclosure, meaning the fund provided its monthly Statement of Income (Loss) and Statement of Changes in Net Asset Value as supplemental, furnished information.