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:   2025-10-28T23:59:59+00:00
Accession:  0001104659-25-102915
Event type: other_material
Sentiment:  negative
Materiality: 0.45
Item codes: 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

USL reports net loss of $664,853 for September 2025; NAV falls to $35.50
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- Net income (loss) of ($664,853) for September 2025, driven by $471,300 unrealized and $296,780 realized trading losses.
- Net Asset Value declined to $40.8M from $43.3M; NAV per share $35.50 on 1,150,000 shares.
- Withdrawals of 50,000 shares during month amounted to $1.78M.
- Total expenses of $40,071, including management fees of $21,105.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1405528/000110465925102915/0001104659-25-102915-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1405528/000110465925102915/tm2525705d3_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-25-102915

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