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. Readings are automated and can be wrong; check the filing for the exact wording.

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  • FY2025 10-K risk factors
    48 risks1 new5 reworded

    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