United States Natural Gas Fund - Fund Objectives & Key Features

1.800.920.0259

Fund Objectives & Key Features

UNG is a commodity pool organized as a Delaware limited partnership that issues units that may be purchased and sold on the NYSE Arca.

UNG's Objective

The investment objective of UNG is for the changes in percentage terms of the unit's net asset value to reflect the changes in percentage terms of the price of natural gas delivered at the Henry Hub, Louisiana, as measured by the changes in the price of the futures contract on natural gas traded on the New York Mercantile Exchange that is the near month contract to expire, except when the near month contract is within two weeks of expiration, in which case it will be measured by the futures contract that is the next month contract to expire, less UNG's expenses.

UNG's Target

Natural gas is one of the most important physical commodities in the global economy. Futures contracts for natural gas delivered to the Henry Hub are also among the most actively traded, and natural gas delivered to the Henry Hub is the primary U.S. benchmark for natural gas.

UNG's Portfolio

The portfolio will consist of listed natural gas contracts and other natural gas-related futures, forwards, and swap contracts. UNG will also invest in obligations of the United States government with remaining maturities of two years or less and hold cash and cash equivalents to be used to meet its current or potential margin or collateral requirements with respect to its investments in natural gas futures contracts and other gas interests.

UNG's Key Features

United States Natural Gas Fund, LP is an exchange traded security listed on NYSE Arca under the symbol UNG. The symbol for UNG's Indicative Intraday Fund ("IIF") Value is UNG.IV. The symbol for UNG's net asset value ("NAV") is UNG. The symbol for UNG's shares outstanding is UNG.SO.
UNG's units will trade throughout the market day.
Units will be created and redeemed by "authorized purchasers" ("AP").
An "AP" purchases or redeems creation baskets or redemption baskets, respectively, from or to UNG.
UNG does NOT seek to use leverage and targets a 1:1 relationship between assets and natural gas exposure.
The management fee starts at 0.60% and drops to 0.50% for assets above $1 billion.
United States Commodity Fund, LLC (USCF) , UNG's manager and General Partner, seeks to minimize tracking error, NOT outperform the market.
Transparent portfolio market price, NAV, and portfolio holdings.
Annual tax reporting done by PricewaterhouseCoopers.

UNG's Creation & Redemption Process

Creation/redemption basket size 100,000 units
Order cut-off for APs is 12:00 pm EST
UNG's NAV calculated as of 4:00 pm EST
Settlement is T+3
Transaction charge for each AP order is $1,000 (per order, not per basket)
Creation payment is in cash and/or acceptable Treasuries
Custodian is Brown Brothers Harriman & Co.
Marketing Agent is ALPS Distributors, Inc.

For a copy of the Prospectus contact:
ALPS Distributors, Inc., 1290 Broadway, Suite 1100, Denver, Colorado 80203 or call 1.800.920.0259 or Click Here.

This investment may not be suitable for all investors.

For further discussion of these and additional risks associated with an investment in UNG units, Click Here.

Investing in natural gas interests subjects UNG to the risks of the natural gas industry. These risks could result in large fluctuations in the price of UNG’s units. An investor could lose all or substantially all of his/her investment. The United States Natural Gas Fund is distributed by ALPS Distributors, Inc.