---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-25-071478"
form_type: "8-K"
ticker: "USL"
cik: "0001405528"
company_name: "United States 12 Month Oil Fund, LP"
filed_at: "2025-07-29T23:59:59+00:00"
generated_at: "2026-05-17T23:36:11.963711+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.2
calibrated_materiality_score: 0.2
confidence: "high"
source: SEC EDGAR
---

# USL reports June 2025 NAV of $42.2M ($35.19/share); net income $2.25M

## Summary
- Net income of $2,246,421 for June 2025, driven by $2,469,682 unrealized gain on futures.
- NAV rose from $38.0M to $42.2M; 50,000 shares added during month.
- NAV per share at June 30, 2025: $35.19 (1,200,000 shares outstanding).
- Realized trading loss of $(329,090) on commodity futures during the period.
- Total expenses $38,613; income from dividends, interest, and fees totaled $74,990, $69,102, $350.

## SEC filing metadata
- accession: 0001104659-25-071478
- form_type: 8-K
- ticker: USL
- cik: 0001405528
- company_name: United States 12 Month Oil Fund, LP
- filed_at: 2025-07-29T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.2
- calibrated_materiality_score: 0.2
- confidence: high
- sec_items: 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1405528/000110465925071478/0001104659-25-071478-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1405528/000110465925071478/tm2521008d3_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-25-071478
- JSON: https://secwatch.observer/filing/0001104659-25-071478.json
- Plain text: https://secwatch.observer/filing/0001104659-25-071478.txt

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