UNL United States 12 Month Natural Gas Fund LP
What is UNL?
UNL holds the 12 nearest-month NYMEX natural gas futures contracts in equal weights.
UNL Factset Analytics Insight
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 isn’t unusual in the commodities space, but it does change the tax structure and result in a K-1 at tax time.
UNL Summary Data
UNL Portfolio Data
UNL Index Data
UNL Portfolio Management
UNL Tax Exposures
UNL Fund Structure
Factset Analytics Block Liquidity
This measurement shows how easy it is to trade a $1 million USD block of UNL. UNL is rated a 5 out of 5.
UNL Top 10 Targeted Commodity Weights
UNL Performance Statistics
UNL Tenor Strategy
UNL's laddered strategy invests in the nearest 12 forward contracts on the natural gas curve.
UNL Rolling Strategy
UNL is rolled over the course of one day.