---
ticker: "UNG"
name: "United States Natural Gas Fund LP"
url: "https://etf.net/etf/UNG"
grade: "D"
score: 30
graded_at: "2026-10-12"
category: "Energy Futures"
category_rank: "9 of 11"
methodology: "https://etf.net/methodology"
---

# UNG: United States Natural Gas Fund LP

Grade **D**, Score 30 of 100. Rank 9 of 11 in Energy Futures.

Graded Oct 12, 2026.

## Grade pillars

| Pillar | Score | Category rank |
| --- | --- | --- |
| Cost | 21 | 9 of 11 |
| Mission | Not scored | — |
| Risk | 13 | 11 of 11 |
| Tradability | 56 | 6 of 11 |
| Holdings | Not scored | — |
| Durability | 64 | 5 of 11 |

## Top holdings

The fund holds 14 positions. These are the largest 14, by weight.

| # | Ticker | Name | Weight |
| --- | --- | --- | --- |
| 1 | — | NATURAL GAS FUTR Nov26 | 39.36% |
| 2 | — | Us Dollars | 10.21% |
| 3 | — | Bny Cash Reserve | 7.52% |
| 4 | — | Treasury Bill 0 2/4/2027 | 7.10% |
| 5 | — | Treasury Bill 0 2/11/2027 | 7.10% |
| 6 | — | Drey Inst Pref Gov Mm Inst 6546 | 6.23% |
| 7 | — | Trs Soc Gen SGIXCNG1 09252026 | 5.34% |
| 8 | — | Trs Scotia SNOVNG1 08312026 | 5.17% |
| 9 | — | Treasury Bill 0 12/24/2026 | 2.55% |
| 10 | — | Treasury Bill 0 12/31/2026 | 2.55% |
| 11 | — | Treasury Bill 0 11/3/2026 | 2.25% |
| 12 | — | Treasury Bill 0 10/15/2026 | 2.05% |
| 13 | — | Treasury Bill 0 10/29/2026 | 1.54% |
| 14 | — | Treasury Bill 0 10/22/2026 | 1.03% |

Source: etf.net, https://etf.net/etf/UNG. Please cite the page URL.