America 12 Month Pure Gasoline Fund, LP (NYSE Arca: UNL), disclosed its month-to-month monetary assertion for July 2024 at this time, offering buyers with an replace on its monetary standing, together with earnings and internet asset worth adjustments.
The report launched Wednesday, which isn’t filed with the SEC however out there on the fund’s web site, particulars the monetary efficiency of the fund for the month ending July 31, 2024. It features a Assertion of Earnings (Loss) and a Assertion of Adjustments in Internet Asset Worth as mandated by Rule 4.22 beneath the Commodity Trade Act.
America 12 Month Pure Gasoline Fund, managed by United States Commodity Funds LLC, provides publicity to and is traded on the NYSE Arca. It’s designed to trace the actions of pure gasoline costs over a 12-month interval, offering buyers with the chance to achieve from the commodity’s value dynamics.
As per the assertion, the knowledge offered within the month-to-month account shouldn’t be thought of as filed for regulatory functions or as liable beneath the Securities Trade Act of 1934. Moreover, it shouldn’t be assumed to be included by reference into any filings beneath the Securities Act of 1933, until explicitly said in such filings.
Traders and stakeholders can view the excellent month-to-month account assertion on the fund’s web site at www.uscfinvestments.com. The fund, headquartered in Walnut Creek, California, operates beneath the fiscal yr ending December 31.
This monetary disclosure, based mostly on a press launch assertion, permits buyers to remain knowledgeable in regards to the fund’s efficiency and make extra knowledgeable choices relating to their funding within the pure gasoline commodity market.
In different current information, the USA 12 Month Pure Gasoline Fund, LP has launched its month-to-month monetary statements for June and Could 2024. These statements, which embody an in depth Assertion of Earnings (Loss) and a Assertion of Adjustments in Internet Asset Worth, present buyers with insights into the fund’s monetary efficiency and adjustments in internet asset worth. The monetary disclosures, managed by the fund’s basic companion, United States Commodity Funds LLC, are in compliance with Rule 4.22 beneath the Commodity Trade Act.
These paperwork, out there on the fund’s web site, should not thought of “filed” for regulatory functions and won’t be included into any filings beneath the Securities Act of 1933 until particularly referenced. America 12 Month Pure Gasoline Fund, LP ensures that every one essential info is out there to the general public, according to rules set forth by the SEC.
These filings are essential for buyers who observe the efficiency of commodities and associated funding autos. These current developments provide a snapshot of the fund’s monetary standing as of the tip of June and Could 2024, offering buyers with the required info for his or her decision-making course of.
InvestingPro Insights
As the USA 12 Month Pure Gasoline Fund (UNL) supplies its newest monetary updates, noteworthy metrics from InvestingPro paint an image of its current market efficiency. With a comparatively small market capitalization of $18.64 million, UNL has skilled a downturn in its value returns over varied time frames, demonstrating the volatility inherent in commodity-based funds. Particularly, the fund’s value has declined by 14.8% year-to-date, and it sits at 61.43% of its 52-week excessive, signaling that it could be buying and selling at a reduction relative to the previous yr’s valuation.
InvestingPro Ideas spotlight a few potential considerations for buyers: UNL suffers from weak gross revenue margins and its valuation implies a poor free money movement yield. Moreover, the fund doesn’t pay a dividend, which may be an element for income-focused buyers to think about. For these desirous about a deeper dive into the fund’s efficiency and extra ideas, InvestingPro provides further insights on its platform, with a complete of 4 ideas out there for UNL at https://www.investing.com/professional/UNL.
These metrics and ideas may very well be notably priceless for buyers who depend on real-time information to tell their funding choices within the pure gasoline market. The flexibility to trace a fund’s value efficiency in relation to its 52-week excessive and different time frames can provide perspective on potential entry and exit factors. Whereas the month-to-month monetary assertion supplies a snapshot of the fund’s well being, the InvestingPro information and ideas provide a extra dynamic view of how UNL is faring within the broader market context.
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