{"schema_version":"secwatch.filing_event.v1","accession":"0001104659-25-063391","form_type":"8-K","ticker":"UNL","cik":"0001405513","company_name":"United States 12 Month Natural Gas Fund, LP","filed_at":"2025-06-27T23:59:59+00:00","discovered_at":"2026-05-14T18:02:48.185359+00:00","generated_at":"2026-05-18T15:41:40.950770+00:00","sec_items":["7.01","9.01"],"event_type":"other_material","sentiment":"negative","materiality_score":0.4,"calibrated_materiality_score":0.4,"confidence":"high","headline":"UNL reports net loss of $282K for May 2025; NAV per share falls to $8.70","bullets":["Net loss of $281,820 for month ended May 31, 2025, driven by $407,953 unrealized loss on commodity futures.","Realized trading gain of $103,632 partially offset unrealized losses; total income (loss) of ($259,979).","Total expenses $21,841 (management fees $6,339, professional fees $14,453, brokerage $187, other $862).","Ending net asset value $11,751,663 vs. $12,033,483 start-of-month; NAV per share $8.70 on 1.35M shares."],"urls":{"canonical":"https://secwatch.observer/filing/0001104659-25-063391","json":"https://secwatch.observer/filing/0001104659-25-063391.json","markdown":"https://secwatch.observer/filing/0001104659-25-063391.md","text":"https://secwatch.observer/filing/0001104659-25-063391.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1405513/000110465925063391/0001104659-25-063391-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1405513/000110465925063391/tm2517979d5_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-18T15:41:40.950770+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"}