Alameda, CA, November 18, 2008 - 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 an additional copy of the Prospectus contact: ALPS Distributors, Inc., 1290 Broadway, Suite 1100, Denver, Colorado 80203 or call 1.800.920.0259.
