8-K: United States 12 Month Oil Fund, LP Reports Net Income of $1.16 Million for March 2025

United States 12 Month Oil Fund, LP announces its monthly account statement for March 2025, revealing a net income of $1.16 million and a net asset value of $47.77 million.

Summary

• United States 12 Month Oil Fund, LP released its monthly account statement for March 31, 2025.
• The fund reported a net income of $1,162,108 for the month.
• The net asset value at the end of March was $47,767,836.
• The net asset value per share, based on 1,250,000 shares, was $38.21.
• The statement includes a Statement of Income (Loss) and a Statement of Changes in Net Asset Value, as required by the Commodity Exchange Act.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive, reflecting the reported net income and increase in net asset value. However, the realized trading loss tempers the overall positive outlook.

Positives

• The fund generated a net income of $1,162,108 for March 2025.
• The fund experienced an unrealized gain on commodity futures of $1,379,950.
• The fund's net asset value increased to $47,767,836 by the end of March 2025.

Negatives

• The fund experienced a realized trading loss on commodity futures of $(346,290).

Management Comments

• Stuart P. Crumbaugh, Chief Financial Officer of United States Commodity Funds LLC, represents that the information in the account statement is accurate and complete to the best of his knowledge and belief.

Industry Context

This announcement provides insight into the financial performance of a commodity-based exchange-traded fund (ETF) during a specific month, which is relevant for investors tracking the oil market and similar investment vehicles.

Comparison to Industry Standards

• It's difficult to compare this monthly performance directly to industry standards without knowing the specific investment strategy and benchmark of the United States 12 Month Oil Fund, LP.
• However, similar oil-tracking ETFs and commodity funds are typically evaluated based on their tracking error relative to the underlying commodity index, expense ratio, and overall returns.
• For example, other oil funds like the United States Oil Fund (USO) or broader commodity ETFs can be used as a reference point, but their strategies and holdings may differ.

Stakeholder Impact

• Shareholders will be interested in the fund's performance and the value of their investment.
• The fund's performance may impact its ability to attract and retain investors.

Key Dates

Keywords

Oil Fund, Net Asset Value, Commodity Futures, Monthly Account Statement, USL, United States 12 Month Oil Fund, Financial Report