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Overview

Ticker
Intraday Indicative Value UNG.IV
CUSIP
ISIN US9123184098
Minimum Trade 1 share
Marginable YES
Options Traded YES
Total Expense Ratio*
Trading Increment $0.01
Administrator The Bank of New York Mellon
Distributor ALPS Distributors, Inc.
General Partner United States Commodity Funds, LLC
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* Management fee for first $1,000,000,000 is 0.60% of NAV. At and above this amount, the fee decreases to 0.50% of NAV. This figure does not include the impact of commissions incurred in the trading of natural gas futures contracts or other holdings.

Fund Summary

The United States Natural Gas Fund, LP® (UNG) is an exchange-traded security that is designed to track the daily price movements of natural gas. UNG issues shares that may be purchased and sold on the NYSE Arca.

The investment objective of UNG is for the daily changes in percentage terms of its shares' net asset value (NAV) to reflect the daily changes in percentage terms of the price of natural gas delivered at the Henry Hub, Louisiana, as measured by the daily changes in the price of UNG's Benchmark Futures Contract, plus interest earned on UNG's collateral holdings, less UNG's expenses.

UNG's Benchmark Futures Contract is the futures contract on natural gas as traded on the NYMEX that is the near month contract to expire. If the near month contract is within two weeks of expiration, the Benchmark will be the next month contract to expire.

UNG invests primarily in natural gas futures contracts, and to a lesser extent, in order to comply with regulatory requirements, risk mitigation measures (including those that may be taken by UNG, UNG's futures commission merchants, counterparties or other market participants), liquidity requirements, or in view of market conditions, other natural gas-related futures contracts, forwards and swap contracts. These investments will be collateralized by cash, cash equivalents, and US government obligations with remaining maturities of two years or less.

Key Facts

As of
NAV
NAV Change
4PM Bid/Ask Midpoint
Last Trade Price
Premium Discount (%)
Shares Outstanding
Total Net Assets
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^ On January 23, 2024, there was a 1-for-4 reverse share split. Historical shares outstanding, net asset value per share adjusted to reflect the 1-for-4 reverse share split on a retroactive basis.

Performance

As of
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The performance data quoted above represents past performance. PAST PERFORMANCE IS NOT INDICATIVE OF FUTURE RESULTS. Investment return and value of the Fund shares will fluctuate so that an investor's shares, when sold, may be worth more or less than their original cost. Performance may be lower or higher than performance data quoted.

The Fund's NAV is calculated by dividing the value of the Fund's total assets less total liabilities by the number of shares outstanding. Share price returns are based on closing prices for the Fund and do not represent the returns an investor would receive if shares were traded at other times.

UNG commenced operations on 04/18/2007.

Growth of $10,000 Investment

This chart shows how a hypothetical investment of $10,000 in the Fund at its inception would have performed versus the performance of the Fund’s benchmark. 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. You cannot invest directly in an index.

This chart shows how a hypothetical investment of $10,000 in the Fund at its inception would have performed versus an investment in the Fund’s benchmark futures contract(s). 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.

The performance data quoted above represents past performance. PAST PERFORMANCE IS NOT INDICATIVE OF FUTURE RESULTS. Investment return and value of the Fund shares will fluctuate so that an investor's shares, when sold, may be worth more or less than their original cost. Performance may be lower or higher than performance data quoted.

Average Daily Returns

The performance data quoted above represents past performance. PAST PERFORMANCE IS NOT INDICATIVE OF FUTURE RESULTS. Investment return and value of the Fund shares will fluctuate so that an investor's shares, when sold, may be worth more or less than their original cost. Performance may be lower or higher than performance data quoted.

Premium/Discount

Premium/Discount Daily Information as of
NAV
4PM Bid/Ask Midpoint
Difference ($)
Premium/Discount (%)

The performance data quoted above represents past performance. PAST PERFORMANCE IS NOT NECESSARILY INDICATIVE OF FUTURE RESULTS. Investment return and value of the Fund shares will fluctuate so that an investor's shares, when sold, may be worth more or less than their original cost. Performance may be lower or higher than performance data quoted.

The above frequency distribution chart presents information about the difference between the daily market price for shares of the Fund and the Fund's reported NAV. The amount that the Fund's market price is above the reported NAV is called the premium. The amount that the Fund's market price is below the reported NAV is called the discount. The market price is determined using the midpoint between the highest bid and the lowest offer on the listing exchange, as of the time that the Fund's NAV is calculated (usually 4:00 pm Eastern time). The vertical axis of the chart shows the premium or discount expressed in basis points. The horizontal axis indicates the number of trading days in the period covered by the chart. Each bar in the chart shows the number of trading days in which the Fund traded within the premium/discount range indicated.

* A basis point is equal to 1/100th of 1%.

Creation & Redemption

  • Creation/Redemption Basket Size 100,000 Shares
  • Transaction charge for each Authorized Purchasers Order is $1,000 (per order, not per basket)
  • Order Cut-off for AP's is 12:00 p.m. ET
  • UNG's NAV is calculated generally around 4:00 pm ET
  • Settlement is T+1
  • Custodian is The Bank of New York Mellon
  • Marketing Agent is ALPS Distributors, Inc.
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