- CEO
- Hein Schumacher
- Full Time Employees
- 128,179
- Sector
- Financial Services
- Industry
- Asset Management
- Address
- 1990 N. California Boulevard, Suite 940 Walnut Creek CA United States of America 94596
- IPO Date
- Jan 4, 2010
- Business
- United States 12 Month Natural Gas Fund, LP (UNL) is a commodity pool that issues exchange-traded shares designed to track the daily percentage changes in the price of natural gas delivered at the Henry Hub, Louisiana, as measured by the average price of 12 consecutive months of near-term NYMEX natural gas futures contracts, plus interest earned on collateral holdings less expenses. UNL invests primarily in listed natural gas futures contracts traded on the NYMEX, ICE Futures Europe, and ICE Futures U.S.; to a lesser extent, for regulatory compliance, risk mitigation, liquidity needs, or market conditions, it invests in other natural gas-related instruments including cash-settled options on futures, forward contracts, cleared swaps, over-the-counter swaps based on natural gas prices, crude oil, heating oil, gasoline, and related futures contracts or indices. Collateral for these investments consists of cash, cash equivalents, and U.S. government obligations with maturities of two years or less; shares trade on the NYSE Arca in lots of one share with creation and redemption in blocks of 50,000 shares exclusively by authorized participants. Organized as a Delaware limited partnership on June 27, 2007, with principal executive offices at 1850 Mt. Diablo Boulevard, Suite 640, Walnut Creek, California 94596, UNL commenced trading on November 18, 2009, under the full management control of its general partner, United States Commodity Funds LLC (USCF), a wholly owned subsidiary of USCF Investments, Inc., itself under The Marygold Companies, Inc.. USCF, a CFTC-registered commodity pool operator and NFA member, also serves as general partner to affiliated funds including United States Oil Fund, LP (USO), United States Natural Gas Fund, LP (UNG), United States 12 Month Oil Fund, LP (USL), and others, while ALPS Distributors, Inc. acts as marketing agent and The Bank of New York Mellon as administrator and custodian. UNL's operations remain focused on its core investment objective with no reported acquisitions, funding rounds, partnerships, new product launches, name changes, or major strategic shifts within the last two years; as of December 31, 2024, it held 515 NYMEX natural gas futures contracts without exceeding NYMEX or ICE Futures accountability levels of 6,000 contracts per month or 12,000 across all months, amid ongoing monthly position rolling to maintain exposure across the 12-month benchmark. The fund targets retail and institutional investors seeking diversified exposure or hedging against natural gas price fluctuations in a transparent, cost-effective manner, with daily portfolio holdings disclosed on www.uscfinvestments.com.