This is a routine monthly account statement with no forward guidance or material events. Monitor oil futures price movements and subsequent monthly statements for NAV trends. No immediate trading action warranted.
Price Chart
Executive Summary
USL filed its monthly account statement for June 2026, reporting a net loss of $6,084,012 and a decline in NAV from $54,024,343 to $40,571,887, driven by unrealized losses on commodity futures and share redemptions. This is a routine regulatory filing with no material corporate events or guidance changes.
Key Facts
- Net loss of $6,084,012 for June 2026
- NAV decreased from $54,024,343 to $40,571,887
- NAV per share at month-end: $45.08 (900,000 shares outstanding)
- 150,000 shares redeemed during the month ($7,368,444 in withdrawals)
- Unrealized loss on commodity futures of $8,274,706 partially offset by realized gain of $2,094,902
Financial Impact
Net loss of $6,084,012 on beginning NAV of $54,024,343 (11.3% monthly decline)
Risk Factors
- Continued unrealized losses if oil futures decline further
- Further share redemptions could pressure NAV
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 5 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001104659-26-087858 |
| Document: tm2620060d3_ex99-1.htm | 0001104659-26-087858 |
| Document: 0001104659-26-087858-index-headers.html | 0001104659-26-087858 |
| Document: 0001104659-26-087858-index.html | 0001104659-26-087858 |
| Document: 0001104659-26-087858.txt | 0001104659-26-087858 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Sep 29, 2026 28d ago | 8-K | $56.26 $63.25 | ▲ +12.42% | ▲ +11.70% | $63.25 (+12.42%) |
Sep 25, 2026 4w ago | 8-K | $56.99 $63.47 | ▲ +11.38% | ▲ +11.41% | $63.25 (+10.98%) |
Aug 28, 2026 8w ago | 8-K | $51.26 $56.99 | ▲ +11.17% | ▲ +10.91% | $63.25 (+23.39%) |
Jul 29, 2026 12w ago | 8-K | $50.75 $50.95 | ▲ +0.39% | ▼ −4.63% | $63.25 (+24.64%) |
Jun 29, 2026 17w ago | 8-K | $45.45 $51.78 | ▲ +13.94% | ▲ +14.22% | $63.25 (+39.18%) |
May 28, 2026 21w ago | 8-K | $52.11 $44.93 | ▼ −13.77% | ▼ −10.63% | $63.25 (+21.38%) |
Apr 29, 2026 25w ago | 8-K | $53.84 $51.72 | ▼ −3.94% | ▼ −9.40% | $63.25 (+17.48%) |
US Market Status
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