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United States 12 Month Oil Fund, LP

The United States 12 Month Oil Fund® LP (USL) is an exchange-traded security that is designed to track the movements of West Texas Intermediate ("WTI") light, sweet crude oil. USL issues units that may be purchased and sold on the NYSE Arca.

The investment objective of USL is for the daily changes in percentage terms of its units' net asset value ("NAV") to reflect the daily changes in percentage terms of the spot price of light, sweet crude oil delivered to Cushing, Oklahoma, as measured by the changes in the average of the prices of the 12 futures contracts for light, sweet crude oil traded on the NYMEX, consisting of the near month contract to expire and the contracts for the following 11 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 11 consecutive months (the "Benchmark Futures Contract"), less USL's expenses. When calculating the daily movement of the average price of the 12 contracts, each contract month will be equally weighted.

Recent Documents
TitleDate
ProspectusMay 16, 2012
8-KApril 30, 2012
Fact SheetMarch 31, 2012
10-QMarch 31, 2012
10-Q XBRL ZIP ArchiveMarch 31, 2012
8-K Monthly Account StatementMarch 31, 2012
8-KMarch 30, 2012
8-KMarch 29, 2012
8-KMarch 22, 2012
8-K Monthly Account StatementFebruary 29, 2012
ProspectusFebruary 28, 2012
8-K Monthly Account StatementJanuary 31, 2012
10-KDecember 31, 2011
10-K XBRL ZIP ArchiveDecember 31, 2011

Fund Facts
USL as of 05/18/2012
Ticker USL
IIV USL.IV
Listing Exchange NYSE Arca
CUSIP 91288V103
ISIN US91288V1035
NAV$40.44
NAV Change$-0.46
4PM Bid/Ask Midpoint$40.26
Last Trade Price$40.22
Premium/Discount (%)-0.45%
Units Outstanding3,400,000

Recent quarter end performance data.

For a copy of the Prospectus contact: ALPS Distributors, Inc., 1290 Broadway, Suite 1100, Denver, Colorado 80203 or call 800.920.0259 or click here. Please read it carefully before investing.

The Commodity Futures Trading Commission has not passed upon the merits of participating in these pools nor has the Commission passed on the adequacy or accuracy of this Prospectus.

Neither the Securities and Exchange Commission ("SEC"), nor any State Securities Commission has approved or disapproved the securities offered in this Prospectus or determined if this Prospectus is truthful or complete. Any representation to the contrary is a criminal offense.

USL® is not a mutual fund or any other type of Investment Company within the meaning of the Investment Company Act of 1940, as amended, and is not subject to regulation thereunder.

This investment is not suitable for all investors.

Commodity trading is highly speculative. Commodities and futures generally are volatile and are not suitable for all investors. USL is speculative and involves a high degree of risk. Investing in USL subjects you to the risks of the oil industry. These risks could result in large fluctuations in the price of USL's units. An investor may lose all or substantially all of an investment in USL. Funds that focus on a single sector generally experience greater volatility.

The Benchmark Oil Futures Contract does not correlate exactly with the spot price of light, sweet crude oil and this could cause the changes in the price of the units to substantially vary from the changes in the spot price of light, sweet crude oil. Therefore, you may not be able to effectively use USL to hedge against crude oil-related losses or as a way to indirectly invest in crude oil. For further discussion of these and additional risks associated with an investment in USL units, click here.

Units of USL may be purchased or sold throughout the day through any brokerage account, which will result in typical brokerage commissions. Investors buy and sell units in the secondary market (i.e., not directly from USL). Only authorized purchasers may trade directly with USL, in minimum blocks of 50,000 units

The United States 12 Month Oil Fund is distributed by ALPS Distributors, Inc.

USL United States 12 Month Oil Fund® and Design mark are registered trademarks of The United States Commodity Funds LLC. The United States Commodity Funds® is a registered trademark. | All rights reserved.

© Copyright 2007-2012 | United States 12 Month Oil Fund | All rights reserved.