Risk factors

United States 12 Month Natural Gas Fund (UNL) risk factors

Item 1A of every United States 12 Month Natural Gas Fund, LP 10-K on file, and what changed from one year to the next.

  • FY2025 10-K risk factors

    48 risks, 1 new, 5 reworded since the prior year. Third parties could challenge the intellectual property rights used by UNL, potentially forcing strategy changes.

    Filed Mar 04, 2026
  • FY2024 10-K risk factors

    47 risks. UNL tracks a 12-month natural gas futures benchmark tied to Henry Hub prices.

    Filed Mar 04, 2025