This is a routine monthly account statement required by CFTC Rule 4.22. No actionable trading signal — the NAV decline reflects July natural gas futures price movements, not a fund-specific event. Monitor next month's statement for trend confirmation.
Price Chart
Executive Summary
United States 12 Month Natural Gas Fund, LP (UNL) filed its monthly account statement for July 2026 via an 8-K (Item 7.01). The fund reported a net loss of $1,175,403 for the month, driven by a $790,651 unrealized loss and a $404,290 realized loss on commodity futures. Net asset value fell from $17.3M to $16.2M, with NAV per share at $5.99. This is a routine regulatory filing with no material new information for traders beyond the fund's monthly performance.
Key Facts
- Net loss of $1,175,403 for July 2026
- Realized trading loss on commodity futures: $404,290
- Unrealized loss on market value of commodity futures: $790,651
- Net asset value decreased from $17,335,926 to $16,160,523
- NAV per share: $5.99 on 2,700,000 shares outstanding
Financial Impact
Net loss of $1,175,403 for the month ended July 31, 2026, representing a 6.8% decline in NAV from $17.3M to $16.2M
Risk Factors
- Natural gas futures price volatility directly impacts fund NAV
- Continued losses could erode fund assets over time
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 3 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001104659-26-102790 |
| Document: 0001104659-26-102790-index.html | 0001104659-26-102790 |
| Document: 0001104659-26-102790.txt | 0001104659-26-102790 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Sep 29, 2026 28d ago | 8-K | $5.64 | awaiting T+20 | — | $5.30 (−6.03%) |
Aug 28, 2026 8w ago | 8-K | $5.88 $5.81 | ▼ −1.21% | ▼ −1.47% | $5.30 (−9.80%) |
Jul 29, 2026 12w ago | 8-K | $6.03 $5.91 | ▼ −1.91% | ▼ −6.93% | $5.30 (−12.03%) |
Jun 29, 2026 17w ago | 8-K | $6.36 $6.14 | ▼ −3.46% | ▼ −3.18% | $5.30 (−16.67%) |
May 28, 2026 21w ago | 8-K | $6.54 $6.50 | ▼ −0.61% | ▲ +2.53% | $5.30 (−18.96%) |
Apr 29, 2026 25w ago | 8-K | $6.39 $6.54 | ▲ +2.35% | ▼ −3.70% | $5.30 (−17.06%) |
US Market Status
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