---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-25-084666"
form_type: "8-K"
ticker: "USL"
cik: "0001405528"
company_name: "United States 12 Month Oil Fund, LP"
filed_at: "2025-08-28T23:59:59+00:00"
generated_at: "2026-05-17T09:25:51.010469+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.25
calibrated_materiality_score: 0.25
confidence: "high"
source: SEC EDGAR
---

# USL reports July net income $3.18M; NAV per share $37.84

## Summary
- Net income for July 2025 was $3,178,994, driven by $3,334,225 in unrealized gains on commodity futures.
- Net asset value per share at July 31 was $37.84, up from $35.19 at June 30 (1.2M shares outstanding).
- Realized trading loss on commodity futures was $(265,858) for the month.
- Total income of $3,220,700 included $102,002 in dividends and $50,331 in interest income.
- Total expenses were $41,706, with management fees of $22,240 the largest component.

## SEC filing metadata
- accession: 0001104659-25-084666
- form_type: 8-K
- ticker: USL
- cik: 0001405528
- company_name: United States 12 Month Oil Fund, LP
- filed_at: 2025-08-28T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.25
- calibrated_materiality_score: 0.25
- confidence: high
- sec_items: 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1405528/000110465925084666/0001104659-25-084666-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1405528/000110465925084666/tm2523315d3_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-25-084666
- JSON: https://secwatch.observer/filing/0001104659-25-084666.json
- Plain text: https://secwatch.observer/filing/0001104659-25-084666.txt

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