United States 12 Month Natural Gas Fund
The United States 12 Month Natural Gas Fund® LP (UNL) is an exchange-traded security that is designed to track the movements of natural gas prices. UNL issues units that may be purchased and sold on the NYSE Arca.
The investment objective is for the daily changes in percentage terms of its units' net asset value ("NAV") to reflect the daily changes in percentage terms of the spot price of natural gas delivered at the Henry Hub, Louisiana, as measured by the changes in the average of the prices of 12 futures contracts on natural gas traded on the NYMEX, consisting of the near month contract to expire and the contracts for the following 11 months, for a total of 12 consecutive months' contracts, except when the near month contract is within two weeks of expiration, in which case it will be measured by the futures contract that is the next month contract to expire and the contracts for the following 11 consecutive months (the "Benchmark Futures Contracts"), less UNL's expenses. When calculating the daily movement of the average price of the 12 Benchmark Futures Contracts, each contract month is equally weighted.
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| Prospectus | May 15, 2013 |
| Code of Conduct | April 26, 2013 |
| Governance Policy | April 26, 2013 |
| 8-K Monthly Account Statement | March 31, 2013 |
| Fact Sheet | March 31, 2013 |
| 10-Q | March 31, 2013 |
| 10-Q XBRL ZIP Archive | March 31, 2013 |
| 8-K | March 28, 2013 |
| 8-K Monthly Account Statement | February 28, 2013 |
| 8-K Monthly Account Statement | January 31, 2013 |
| Prospectus | January 17, 2013 |
| 10-K | December 31, 2012 |
| 10-K XBRL ZIP Archive | December 31, 2012 |
For a copy of the Prospectus contact: ALPS Distributors, Inc., 1290 Broadway, Suite 1100, Denver, Colorado 80203 or call 800.920.0259 or click here. Please read it carefully before investing.
The Commodity Futures Trading Commission has not passed upon the merits of participating in these pools nor has the Commission passed on the adequacy or accuracy of this Prospectus.
Neither the Securities and Exchange Commission ("SEC"), nor any State Securities Commission has approved or disapproved the securities offered in this Prospectus or determined if this Prospectus is truthful or complete. Any representation to the contrary is a criminal offense.
UNL® is not a mutual fund or any other type of Investment Company within the meaning of the Investment Company Act of 1940, as amended, and is not subject to regulation thereunder.
This investment is not suitable for all investors.
Commodity trading is highly speculative. Commodities and futures generally are volatile and are not suitable for all investors. UNL is speculative and involves a high degree of risk. Investing in UNL subjects you to the risks of the natural gas industry. These risks could result in large fluctuations in the price of UNL's units. An investor may lose all or substantially all of an investment in UNL. Funds that focus on a single sector generally experience greater volatility.
The Benchmark Futures Contract does not correlate exactly with the spot price of natural gas and this could cause the changes in the price of the units to substantially vary from the changes in the spot price of natural gas. Therefore, you may not be able to effectively use UNL to hedge against natural gas-related losses or as a way to indirectly invest in natural gas. For further discussion of these and additional risks associated with an investment in UNL Units, click here.
Investors buy and sell units in the secondary market (i.e., not directly from UNL). Only "authorized purchasers" may trade directly with UNL, in minimum blocks of 50,000 units.
The United States 12 Month Natural Gas Fund is distributed by ALPS Distributors, Inc.
UNL United States 12 Month Natural Gas Fund® and Design mark are registered trademarks of The United States Commodity Funds LLC. The United States Commodity Funds® is a registered trademark. | All rights reserved.
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2009-2013 | United States 12 Month Natural Gas Fund | All rights reserved.
