BNO

Fund Description
The investment objective of BNO is for the daily changes in percentage terms of its units net asset value to reflect the daily changes in percentage terms of the spot price of Brent crude oil as measured by the changes in the price of the futures contract on Brent crude oil as traded on the ICE Futures Exchange that is the near month contract to expire except when the near month contract is within two weeks of expiration in which case the futures contract will be the next month contract to expire (the Benchmark Futures Contract) less BNO s expenses.
Fund Profile
Fund Name United States Brent Oil Fund LP
Fund Exchange Ticker BNO
Fund Sponsor United States Commodity Funds
Fund ISIN US91167Q1004
Net Expense Ratio 0.90 %
Fund Inception Date 2 June 2010
Fund Legal Structure Limited Partnership
Exchange NYSE Arca
Listing Country Code US
Fund Investment Objective
ETF Type Specific Commodities & Metals - Energy
Asset Class Commodities & Metals
Index Linked Passive
Index Name Crude Oil - ICE traded near month Brent crude oil futures
Index Provider Not Applicable
Currency Hedged No
Inverse / Leveraged Not Applicable
Developed / Emerging Funds Combining Developed & Emerging Exposure
Commodity Types Energy
Key Statistics
Return As of Date 19 March 2019
Asset Under Management 97.72 Million (USD)
1 Month Total Return 1.81 %
Year To Date Return 24.66 %
1 Year Total Return 5.17 %
3 Year Annualized Total Return 15.23 %
NAV 19.16
Share Outstanding 5,100,000
Top 10 Holdings (19 March 2019)
Constituent Name Constituent Ticker Constituent Type Weighting
ICE Brent Crude Oil CO MAY19 FUTR 0.2509808987
ICE Brent Crude Oil CO JUN19 0.2506217460
MSILF GOVERNMENT PORT-INST MVRXX MMKT 0.0913926855
GOLDMAN SACHS GOVT-FS MMKT 0.0667474670
FIDELITY INV MMKT GOVT-INST FIGXX MMKT 0.0213078452
US T BILL ZCP 03/28/19 BILL 0.0153953546
US T BILL ZCP 04/04/19 BILL 0.0153882113
US T BILL ZCP 04/11/19 BILL 0.0153808114
US T BILL ZCP 04/18/19 BILL 0.0153735440
US T BILL ZCP 04/25/19 BILL 0.0153662938