secwatch.observer — SEC 8-K summary
======================================

Issuer:     United States 12 Month Oil Fund, LP (USL)
CIK:        0001405528
Form:       8-K
Filed at:   2025-09-29T23:59:59+00:00
Accession:  0001104659-25-094156
Event type: other_material
Sentiment:  negative
Materiality: 0.15
Item codes: 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1405528/000110465925094156/0001104659-25-094156-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1405528/000110465925094156/tm2525705d3_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-25-094156

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