Quarterly Performance

USL Performance as of 9/30/2011
	1 month	3 month	Year to Date	1 Year	5 Year	Since Inception*
Net Asset Value	-11.50%	-19.30%	-17.64%	-8.42%	N/A	-29.32%
Share Price	-12.07%	-19.37%	-18.49%	-8.73%	N/A	-29.74%

The performance quoted represents past performance, does not guarantee future results and current performance may be lower or higher than the data quoted.

USL Performance vs. Benchmark as of 9/30/2011

Growth of a $10,000 Investment as of 9/30/2011

The chart above shows how a hypothetical investment of $10,000 in USL at its inception would have performed versus an investment in the Benchmark Futures Contract. The values indicate what $10,000 would have grown to over the time period indicated. The hypothetical example does not represent the returns of any particular investment.

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For a copy of the Prospectus contact: ALPS Distributors, Inc., 1290 Broadway, Suite 1100, Denver, Colorado 80203 or call 800.920.0259 or click me .

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.

Commodities and futures generally are volatile and are not suitable for all investors. USL is speculative and involves a high degree of risk. An investor may lose all or substantially all of an investment in USL. Funds that focus on a single sector generally experience greater volatility.

Market returns are based on the market close and do not represent the returns an investor would receive if shares were traded at other times.

* USL commenced operations on 12/16/2007.

** Performance figures presented reflect the expense ratio for USL.

^ As a specific benchmark, the General Partner will endeavor to place USL's trades in futures contracts and other crude oil-related investments and otherwise manage USL's investments so that 'A' will be within 10% +/- of 'B', where: A is the average daily change in USL's NAV for any period of 30 successive valuation days, i.e., any day as of which USL calculates its NAV, and B is the average daily change in the average of the prices of the Benchmark Futures Contracts over the same period.

For further discussion of these and additional risks associated with an investment in USL units, click here.

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 could lose all or substantially all of his/her investment.

The price of units may not accurately track the spot price of oil and you may not be able to effectively use USL as a way to hedge the risk of losses in your oil-related transactions or as a way to indirectly invest in oil.

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 100,000 units.

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