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United States Commodity Funds LLC Introduces 'UNL' the United States 12 Month Natural Gas Fund

PR Newswire
posted: 83 DAYS 19 HOURS AGO
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ALAMEDA, Calif., Nov. 18 /PRNewswire/ --
Attention ETF Traders and Investors,
On Wednesday, November 18, 2009 United States Commodity Funds LLC for trading on the New York Stock Exchange Arca; the United States 12 Month Natural Gas Fund, LP (UNL).
United States 12 Month Natural Gas Fund, LP
(symbol: UNL) The United States 12 Month Natural Gas Fund, LP (UNL) is an exchange traded security that is designed to track in percentage terms the movements of natural gas prices. UNL issued units may be purchased and sold on the New York Arca Stock Exchange.
UNL's Objective - The investment objective of US12NG is to have the changes in percentage terms of its units' net asset value ("NAV") reflect the 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 (the "Benchmark Futures Contracts"), consisting of the near month contract to expire and the contracts for the following eleven 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 contracts that are the next month contract to expire and the contracts for the following eleven consecutive months, less US12NG's expenses. When calculating the daily movement of the average price of the 12 contracts, each contract month will be equally weighted. It is not the intent of US12NG to be operated in a fashion such that its NAV will equal, in dollar terms, the spot price of natural gas or any particular futures contract based on natural gas.
UNL's Target - Natural Gas is one of the most important physical commodities in the global economy. Natural Gas futures are one of the most actively traded futures contracts and represent the primary US benchmark for natural gas prices.
UNL's Portfolio - The portfolio consists of positions in listed natural gas futures contracts and other natural gas related futures, forwards and swap contracts. These investments will be collateralized by cash, cash equivalents and US government obligations with remaining maturities of two years or less.
For additional information please read Prospectus, call 800-920-0259; or visit www.unitedstates12monthnaturalgasfund.com
Commodities and futures generally are volatile and are not suitable for all investors. The Fund is speculative and involves a high degree of risk. An investor may lose all or substantially all of an investment in the Fund. Funds that focus on a single sector generally experience greater volatility.
UNL is not a registered investment company so you do not have the protections of the Investment Company Act of 1940. Accordingly, you do not have the protections afforded by that statute which, for example, include: (1) controls over activities of an investment company's investment adviser; (2) an express private right of action for shareholders; (3) restrictions on transactions between the fund and the adviser; (4) restrictions on investments; (5) regulation of adviser services and fees; and (6) capital structure requirements, including restrictions on debt.
Investing in natural gas interests subjects UNL to the risks of the natural gas industry and this could result in large fluctuations in the price of UNL's units.
Investing in natural gas interests subjects UNL to the risks of the natural gas industry. These risks could result in large fluctuations in the price of UNL's units. The Fund carries additional risk, including inverse correlation, market price variance and short sale risks. The price of UNL's units may be influenced by factors such as the short-term supply and demand for natural gas and the short-term supply and demand for UNL's units. This may cause the units to trade at a price that is above or below UNL's NAV per unit. Accordingly, changes in the price of units may substantially vary from the changes in the price of natural gas. If this variation occurs, then you may not be able to effectively use UNL as a way 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, see the prospectus that has preceded or accompanied this announcement, downloaded at http://www.unitedstates12monthnaturalgasfund.com/PDFS/UNL-Prospectus.pdf.
Not FDIC insured, may lose value, no bank guarantee.
Shares are not individually redeemable and the owners of Shares may purchase or redeem Shares from a Fund in Creation Units only.
SOURCE United States Commodity Funds LLC
2009-11-18 10:03:00
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