secwatch.observer — SEC 8-K summary
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Issuer:     United States 12 Month Oil Fund, LP (USL)
CIK:        0001405528
Form:       8-K
Filed at:   2025-08-28T23:59:59+00:00
Accession:  0001104659-25-084666
Event type: other_material
Sentiment:  neutral
Materiality: 0.25
Item codes: 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1405528/000110465925084666/0001104659-25-084666-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1405528/000110465925084666/tm2523315d3_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-25-084666

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer