Attached files
| file | filename |
|---|---|
| 8-K - 2011-0831 USBO FORM 8-K - United States Brent Oil Fund, LP | usbo8k_2011-0831.htm |
|
Exhibit 99.1
|
|||||
|
United States Brent Oil Fund, LP
|
|||||
|
Monthly Account Statement
|
|||||
|
For the Month Ended August 31, 2011
|
|||||
|
Statement of Income (Loss)
|
|||||
|
Income
|
|||||
|
Realized Trading Gain (Loss)
|
$ | (1,368,310 | ) | ||
|
Unrealized Gain (Loss) on Market Value of Futures
|
469,520 | ||||
|
Dividend Income
|
169 | ||||
|
Interest Income
|
519 | ||||
|
ETF Transaction Fees
|
2,100 | ||||
|
Total Income (Loss)
|
$ | (896,002 | ) | ||
|
Expenses
|
|||||
|
Investment Advisory Fee
|
$ | 25,470 | |||
|
Brokerage Commissions
|
3,043 | ||||
|
Non-interested Directors' Fees and Expenses
|
327 | ||||
|
Prepaid Insurance Expense
|
139 | ||||
|
Other Expenses
|
15,314 | ||||
|
Total Expenses
|
44,293 | ||||
|
Expense Waiver
|
(10,220 | ) | |||
|
Net Expenses
|
$ | 34,073 | |||
|
Net Gain (Loss)
|
$ | (930,075 | ) | ||
|
Statement of Changes in Net Asset Value
|
|||||
|
Net Asset Value Beginning of Period 8/1/11
|
$ | 39,013,549 | |||
|
Additions (300,000 Units)
|
22,452,723 | ||||
|
Withdrawals (300,000 Units)
|
(22,128,180 | ) | |||
|
Net Gain (Loss)
|
(930,075 | ) | |||
|
Net Asset Value End of Period
|
$ | 38,408,017 | |||
|
Net Asset Value Per Unit (500,000 Units)
|
$ | 76.82 | |||
|
To the Limited Partners of United States Brent Oil Fund, LP:
|
|||||
|
Pursuant to Rule 4.22(h) under the Commodity Exchange Act, the undersigned represents that,
|
|||||
|
to the best of his knowledge and belief, the information contained in the Account Statement for
|
|||||
|
the month ended August 31, 2011 is accurate and complete.
|
|||||
|
/s/ Howard Mah
|
|||||
|
Howard Mah
|
|||||
|
Chief Financial Officer
|
|||||
|
United States Commodity Funds LLC, General Partner of United States Brent Oil Fund, LP
|
|||||
|
United States Commodity Funds LLC
|
|||||
|
1320 Harbor Bay Parkway
|
|||||
|
Suite 145
|
|||||
|
Alameda, CA 94502
|
|||||