{"schema_version":"secwatch.filing_event.v1","accession":"0001104659-26-035719","form_type":"8-K","ticker":"UNL","cik":"0001405513","company_name":"United States 12 Month Natural Gas Fund, LP","filed_at":"2026-03-27T23:59:59+00:00","discovered_at":"2026-05-14T18:02:35.002281+00:00","generated_at":"2026-05-15T08:35:18.711116+00:00","sec_items":["7.01","9.01"],"event_type":"other_material","sentiment":"negative","materiality_score":0.4,"calibrated_materiality_score":0.4,"confidence":"high","headline":"UNL reports $4.2M net loss for February; NAV drops to $6.85/share","bullets":["Net loss of $4,165,253 for February 2026; total income (loss) of $(4,145,268) including unrealized losses of $(3,778,826) on commodity futures.","Net Asset Value fell from $20.77M to $15.42M during the month; NAV per share at month-end $6.85 (2.25M shares outstanding).","Realized trading loss of $(409,914); dividend and interest income of $42,422 combined.","Total expenses $19,985, mainly professional fees ($10,522) and management fees ($7,250).","Share activity: 150k shares added ($1.03M) and 300k shares withdrawn ($2.21M)."],"urls":{"canonical":"https://secwatch.observer/filing/0001104659-26-035719","json":"https://secwatch.observer/filing/0001104659-26-035719.json","markdown":"https://secwatch.observer/filing/0001104659-26-035719.md","text":"https://secwatch.observer/filing/0001104659-26-035719.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1405513/000110465926035719/0001104659-26-035719-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1405513/000110465926035719/tm268499d5_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-15T08:35:18.711116+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}