- The United States 12 Month Oil Fund, LP reported a **net loss of $(664,853)** for the month ended **September 30, 2025**.  **[1405528_0001104659-25-102915_tm2525705d3_ex99-1.htm:0]** 
- This net loss was primarily driven by **realized trading losses of $(296,780)** and **unrealized losses of $(471,300)** on commodity futures.  **[1405528_0001104659-25-102915_tm2525705d3_ex99-1.htm:0]** 
- The fund's Net Asset Value (NAV) decreased from **$43,267,098** at the beginning of September 2025 to **$40,825,678** by month-end, with the **Net Asset Value Per Share at $35.50**.  **[1405528_0001104659-25-102915_tm2525705d3_ex99-1.htm:0]** 
- The decrease in NAV also included **withdrawals of $(1,776,567)** during the month.  **[1405528_0001104659-25-102915_tm2525705d3_ex99-1.htm:0]**

United States 12 Month Oil Fund, LP Reports September 2025 Monthly Account Statement

- United States 12 Month Oil Fund, LP filed an 8-K on **August 28, 2025**, to furnish its monthly account statement for the month ended **July 31, 2025**.  **[1405528_0001104659-25-084666_tm2523315d3_8k.htm:0]** **[1405528_0001104659-25-084666_tm2523315d3_8k.htm:1]** 
- For the month ended July 31, 2025, the fund reported **Net Income (Loss)** of **$3,178,994**.  **[1405528_0001104659-25-084666_tm2523315d3_ex99-1.htm:0]** 
- The **Net Asset Value** of the fund as of July 31, 2025, was **$45,407,514**, with a **Net Asset Value Per Share** of **$37.84**.  **[1405528_0001104659-25-084666_tm2523315d3_ex99-1.htm:0]**

United States 12 Month Oil Fund (USL)