No actionable trading signal — this is a routine monthly account statement required under CFTC Rule 4.22. Monitor natural gas futures price movements for directional cues on UNL's NAV, as the fund's performance is tied to the 12-month natural gas futures curve.
Price Chart
Executive Summary
UNL filed its monthly account statement for May 2026, reporting net income of $253,265 and a NAV per share of $6.59. The fund saw net asset inflows of $2.9M from share creations, partially offset by $653,786 in redemptions, ending the month with $18.5M in total net assets. This is a routine regulatory filing with no material new information for traders.
Key Facts
- Net income of $253,265 for May 2026
- NAV per share of $6.59 on 2,800,000 shares outstanding
- Net asset value increased from $15,959,328 to $18,459,672 during the month
- Additions of 450,000 shares ($2,900,865) and withdrawals of 100,000 shares ($653,786)
- Realized trading loss of $432,488 offset by unrealized gain of $666,857 on commodity futures
Financial Impact
Net income of $253,265 on $18.5M NAV; routine monthly statement with no guidance or material changes
Risk Factors
- Commodity futures price volatility could impact NAV
- Contango or backwardation in natural gas futures affects fund returns
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 5 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001104659-26-078526 |
| Document: tm2617346d5_ex99-1.htm | 0001104659-26-078526 |
| Document: 0001104659-26-078526-index-headers.html | 0001104659-26-078526 |
| Document: 0001104659-26-078526-index.html | 0001104659-26-078526 |
| Document: 0001104659-26-078526.txt | 0001104659-26-078526 |
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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