Key stats
About United States 12 Month Natural Gas Fund
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Inception date
Nov 18, 2009
Structure
Commodities Pool
Distribution tax treatment
No distributions
Income tax type
60/40
Max ST capital gains rate
27.84%
Max LT capital gains rate
27.84%
Primary advisor
United States Commodity Funds LLC
Distributor
ALPS Distributors, Inc.
UNL offers an alternative method of exposure to natural gas in a viable, if not quite bulletproof, vehicle. The fund spreads its futures exposure equally across the nearest 12 contract months in an effort to minimize the impact of contango on returns. In contrast to its sibling funds, that offers exposure to the next-nearest month. This will mean it will have less sensitivity to short-term moves in spot natural gas. Investors should consider using limit orders to manage spreads. UNL's legal structure isnt unusual in the commodities space, but it does change the tax structure and result in a K-1 at tax time.
Classification
Returns
| 1 month | 3 months | Year to date | 1 year | 3 years | 5 years | |
|---|---|---|---|---|---|---|
| Price performance | — | — | — | — | — | — |
| NAV total return | — | — | — | — | — | — |
What's in the fund
Exposure type
Futures
Cash
Bonds, Cash & Other100.00%
Futures52.14%
Cash47.86%
Top 10 holdings
Dividends
Dividend payout history
Assets under management (AUM)
Fund Flows
Frequently Asked Questions
UNL assets under management is 12.30 M USD. It's risen 0.74% over the last month.
UNL fund flows account for −9.01 M USD (1 year). Many traders use this metric to get insight into investors' sentiment and evaluate whether it's time to buy or sell the fund.
No, UNL doesn't pay dividends to its holders.
UNL shares are issued by The Marygold Cos, Inc. under the brand US Commodity Funds. The ETF was launched on Nov 18, 2009, and its management style is Passive.
UNL expense ratio is 0.90% meaning you'd have to pay 0.90% of your investment to help manage the fund.
UNL follows the 12 Month Natural Gas. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
UNL invests in cash.
UNL price has risen by 4.61% over the last month, and its yearly performance shows a 6.21% increase. See more dynamics on UNL price chart.
NAV returns, another gauge of an ETF dynamics, have risen by 8.22% over the last month, showed a −7.62% decrease in three-month performance and has increased by 5.93% in a year.
NAV returns, another gauge of an ETF dynamics, have risen by 8.22% over the last month, showed a −7.62% decrease in three-month performance and has increased by 5.93% in a year.
UNL trades at a premium (0.47%) meaning the ETF is trading at a higher price than the calculated NAV.