---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-26-067266"
form_type: "8-K"
ticker: "UNL"
cik: "0001405513"
company_name: "United States 12 Month Natural Gas Fund, LP"
filed_at: "2026-05-28T12:30:44+00:00"
generated_at: "2026-05-28T12:34:00.171336+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.3
calibrated_materiality_score: 0.3
confidence: "high"
source: SEC EDGAR
---

# UNL reports monthly net loss of $877,686; NAV per share falls to $6.51

## Summary
- Net loss of $877,686 for April 2026; realized trading loss of $371,622 and unrealized loss of $528,218.
- NAV per share decreased to $6.51 at April 30, 2026 from $6.90 at March 31, 2026 (adjusted for share issuance).
- Fund issued 200,000 new shares, raising $1,312,111 in net additions during the month.
- Total expenses were $23,298, including $7,608 in management fees and $14,441 in professional fees.

## SEC filing metadata
- accession: 0001104659-26-067266
- form_type: 8-K
- ticker: UNL
- cik: 0001405513
- company_name: United States 12 Month Natural Gas Fund, LP
- filed_at: 2026-05-28T12:30:44+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.3
- calibrated_materiality_score: 0.3
- confidence: high
- sec_items: 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1405513/000110465926067266/0001104659-26-067266-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1405513/000110465926067266/tm2614350d5_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-26-067266
- JSON: https://secwatch.observer/filing/0001104659-26-067266.json
- Plain text: https://secwatch.observer/filing/0001104659-26-067266.txt

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