other
confidence high
sentiment neutral
materiality 0.25
USL reports September 2023 monthly net income of $3.75M; NAV per share $40.06
United States 12 Month Oil Fund, LP
- Net income of $3.75M for month ended Sept 30, 2023, driven by $1.06M realized and $2.44M unrealized gains on commodity futures.
- Net asset value per share $40.06 (1.9M shares); total NAV $76.1M, up from $74.4M at start of month.
- Withdrawals of 50,000 shares totaling ~$2.02M during the month.
- Dividend income $116,827; interest income $192,755; total expenses $53,163.