---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-23-052237"
form_type: "8-K"
ticker: "USL"
cik: "0001405528"
company_name: "United States 12 Month Oil Fund, LP"
filed_at: "2023-04-28T23:59:59+00:00"
generated_at: "2026-06-16T06:20:55.190875+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.3
calibrated_materiality_score: 0.3
confidence: "high"
source: SEC EDGAR
---

# USL reports net loss of $740K for March 2023; NAV per share $33.77

## Summary
- Net loss of $740,109 for month ended March 31, 2023; realized trading loss of $993,910.
- Unrealized gain on commodity futures of $37,740; dividend/interest income $263,585.
- NAV per share $33.77, with 2,450,000 shares outstanding at month-end.
- NAV increased from $80.3M to $82.7M due to net share additions and withdrawals.

## SEC filing metadata
- accession: 0001104659-23-052237
- form_type: 8-K
- ticker: USL
- cik: 0001405528
- company_name: United States 12 Month Oil Fund, LP
- filed_at: 2023-04-28T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.3
- calibrated_materiality_score: 0.3
- confidence: high
- sec_items: 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1405528/000110465923052237/0001104659-23-052237-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1405528/000110465923052237/tm2312904d3_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-23-052237
- JSON: https://secwatch.observer/filing/0001104659-23-052237.json
- Plain text: https://secwatch.observer/filing/0001104659-23-052237.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.