---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-23-052245"
form_type: "8-K"
ticker: "UNL"
cik: "0001405513"
company_name: "United States 12 Month Natural Gas Fund, LP"
filed_at: "2023-04-28T23:59:59+00:00"
generated_at: "2026-06-16T06:20:52.036219+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# UNL reports net loss of $2.04M for March; NAV per share $11.66

## Summary
- Net loss of $2,036,611 for month ended March 31, 2023, due to realized trading loss of $1,862,397 and unrealized loss of $222,024.
- Net asset value per share $11.66, with total shares outstanding 1,250,000.
- Additions of 200,000 shares ($2.59M) and withdrawals of 100,000 shares ($1.18M) during month.
- Net expenses $12,077 after $10,238 expense waiver; gross expenses $22,315.

## SEC filing metadata
- accession: 0001104659-23-052245
- form_type: 8-K
- ticker: UNL
- cik: 0001405513
- company_name: United States 12 Month Natural Gas Fund, LP
- filed_at: 2023-04-28T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1405513/000110465923052245/0001104659-23-052245-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1405513/000110465923052245/tm2312904d5_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-23-052245
- JSON: https://secwatch.observer/filing/0001104659-23-052245.json
- Plain text: https://secwatch.observer/filing/0001104659-23-052245.txt

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