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 18 January 2019
Asset Under Management 87.61 Million (USD)
1 Month Total Return 11.41 %
Year To Date Return 15.26 %
1 Year Total Return -6.06 %
3 Year Annualized Total Return 23.59 %
NAV 17.7
Share Outstanding 4,950,000
Top 10 Holdings (18 January 2019)
Constituent Name Constituent Ticker Constituent Type Weighting
ICE Brent Crude Oil CO MAR19 FUTR 0.3876548099
ICE Brent Crude Oil CO APR19 0.1292377384
GOLDMAN SACHS FIN SQ GOVT-FS MMKT 0.0589951559
MSILF GOVERNMENT PORT-INST MVRXX MMKT 0.0283176749
FIDELITY INV MMKT GOVT-INST FIGXX MMKT 0.0244829897
US DOLLARS CASH 0.0194298275
US T BILL ZCP 01/24/19 BILL 0.0176933232
US T BILL ZCP 01/31/19 BILL 0.0176858333
US T BILL ZCP 02/28/19 BILL 0.0176549887
US T BILL ZCP 03/28/19 BILL 0.0176213221