---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-25-094156"
form_type: "8-K"
ticker: "USL"
cik: "0001405528"
company_name: "United States 12 Month Oil Fund, LP"
filed_at: "2025-09-29T23:59:59+00:00"
generated_at: "2026-05-17T05:23:16.490580+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.15
calibrated_materiality_score: 0.15
confidence: "high"
source: SEC EDGAR
---

# USL reports August net loss of $2.1M; NAV per share $36.06

## Summary
- Net loss of $2,140,416 for August 2025, driven by $2,028,450 unrealized loss on futures.
- Realized trading loss on commodity futures of $222,140; dividend income $113,394.
- Net asset value per share $36.06 as of August 31, 2025, from $45.4M to $43.3M.
- Total expenses $41,372; management fees $21,964, brokerage $384.

## SEC filing metadata
- accession: 0001104659-25-094156
- form_type: 8-K
- ticker: USL
- cik: 0001405528
- company_name: United States 12 Month Oil Fund, LP
- filed_at: 2025-09-29T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.15
- calibrated_materiality_score: 0.15
- confidence: high
- sec_items: 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1405528/000110465925094156/0001104659-25-094156-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1405528/000110465925094156/tm2525705d3_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-25-094156
- JSON: https://secwatch.observer/filing/0001104659-25-094156.json
- Plain text: https://secwatch.observer/filing/0001104659-25-094156.txt

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