United States Natural Gas Fund(NYSEMKT) UNG

United States Natural Gas Fund lets investors track natural gas prices. It offers a way to gain exposure without trading futures directly. This helps investors manage risk or diversify portfolios tied to energy markets.

Futures, Swaps, and More: What’s in the Basket?

• Natural Gas Futures: Main holding, tracking near-month contracts on the New York Mercantile Exchange.
• OTC Swaps: Over-the-counter contracts based on natural gas prices, used for flexibility and risk management.
• Options and Forwards: Cash-settled contracts for hedging or liquidity, not a primary focus.
• Cash Equivalents: Money market funds held as collateral and for margin requirements.

Growth Moves: Not Your Typical Expansion Story

• Launched in 2007 as a commodity pool, not a traditional operating company.
• Executed a 1-for-4 reverse share split in January 2024 to adjust share price and count.
• Expanded network of Authorized Participants for share creation and redemption, supporting liquidity.
• Maintains swap agreements with Societe Generale, Scotia Bank, and Macquarie Bank Limited for flexibility.

Why UNG Stands Out in the Crowd

UNG offers daily liquidity and tracks natural gas futures closely, making it accessible for investors. Its structure allows for easy share creation and redemption, keeping prices near net asset value. The fund avoids leverage and maintains high cash reserves for stability.

Five Things You Need to Know

• Net income was $86.40 million for six months ended June 2025, up from $9.51 million in 2024.
• Net asset value per share was $15.31 at June 30, 2025, down from $16.85 at December 2024.
• Average daily net assets were $493.40 million for six months ended June 2025, down from $813.80 million in 2024.
• Total return was (9.14)% for six months ended June 2025, compared to (14.59)% in 2024.

Bottom Line

UNG gives investors a simple way to follow natural gas prices. Its passive, transparent structure supports liquidity and risk management in energy investing.