United States 12 Month Oil Fund, LP
For the period ended Dec 31, 2025. Filed Feb 27, 2026.
View on SEC.govAbout this filing
A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2025 · Filed Feb 27, 2026
USL$56.67-2.6%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Table of Contents
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|---|---|---|
| Part I | | |
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| Item 1. | Business. | 1 |
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| Item 1A. | Risk Factors. | 32 |
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| Item 1B. | Unresolved Staff Comments. | 48 |
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| Item 1C. | Cybersecurity. | 48 |
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| Item 2. | Properties. | 48 |
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| Item 3. | Legal Proceedings. | 48 |
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| Item 4. | Mine Safety Disclosures. | 51 |
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| Part II | | |
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| Item 5. | Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities. | 52 |
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| Item 6. | [Reserved]. | 52 |
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| Item 7. | Management’s Discussion and Analysis of Financial Condition and Results of Operations. | 52 |
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| Item 7A. | Quantitative and Qualitative Disclosures About Market Risk. | 69 |
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| Item 8. | Financial Statements and Supplementary Data. | 71 |
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| Item 9. | Changes in and Disagreements With Accountants on Accounting and Financial Disclosure. | 91 |
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| Item 9A. | Controls and Procedures. | 91 |
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| Item 9B. | Other Information. | 91 |
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| Item 9C. | Disclosure Regarding Foreign Jurisdictions that Prevent Inspections. | 91 |
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| Part III | | |
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| Item 10. | Directors, Executive Officers and Corporate Governance. | 92 |
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| Item 11. | Executive Compensation. | 96 |
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| Item 12. | Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters. | 97 |
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| Item 13. | Certain Relationships and Related Transactions, and Director Independence. | 97 |
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| Item 14. | Principal Accountant Fees and Services. | 98 |
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| Part IV | | |
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| Item 15. | Exhibits and Financial Statement Schedules. | 99 |
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| Exhibit Index. | 99 | |
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| Signatures. | 101 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.