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 14 June 2019
Asset Under Management 86.64 Million (USD)
1 Month Total Return -12.54 %
Year To Date Return 17.87 %
1 Year Total Return -15.40 %
3 Year Annualized Total Return 6.12 %
NAV 18.05
Share Outstanding 4,800,000
Top 10 Holdings (14 June 2019)
Constituent Name Constituent Ticker Constituent Type Weighting
ICE Brent Crude Oil CO AUG19 FUTR 0.4674502262
US DOLLARS CASH 0.0973358558
US T BILL ZCP 07/11/19 BILL 0.0161595241
US T BILL ZCP 07/25/19 BILL 0.0161443094
US T BILL ZCP 08/22/19 BILL 0.0161137407
US T BILL ZCP 08/29/19 BILL 0.0161055702
US T BILL ZCP 09/26/19 BILL 0.0160777332
US T BILL ZCP 10/03/19 BILL 0.0160707206