{"schema_version":"secwatch.filing_event.v1","accession":"0001104659-25-053369","form_type":"8-K","ticker":"USL","cik":"0001405528","company_name":"United States 12 Month Oil Fund, LP","filed_at":"2025-05-28T23:59:59+00:00","discovered_at":"2026-05-14T18:02:48.185955+00:00","generated_at":"2026-05-20T07:43:53.142841+00:00","sec_items":["7.01","9.01"],"event_type":"other_material","sentiment":"negative","materiality_score":0.6,"calibrated_materiality_score":0.6,"confidence":"high","headline":"USL reports $7.57M net loss for April; NAV falls to $38.4M ($32.00/unit)","bullets":["Net loss of $7,569,401 for April 2025, mainly from unrealized trading loss of $6,686,920.","Net asset value decreased from $47.77M to $38.40M; NAV per share $32.00 (1,200,000 shares).","Realized trading loss of $997,110; dividend and interest income of $136,279 partially offset.","No guidance or forward-looking statements; routine monthly statement per CFTC Rule 4.22."],"urls":{"canonical":"https://secwatch.observer/filing/0001104659-25-053369","json":"https://secwatch.observer/filing/0001104659-25-053369.json","markdown":"https://secwatch.observer/filing/0001104659-25-053369.md","text":"https://secwatch.observer/filing/0001104659-25-053369.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1405528/000110465925053369/0001104659-25-053369-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1405528/000110465925053369/tm2514809d3_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-20T07:43:53.142841+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}