Attached files
| file | filename |
|---|---|
| 8-K - 2011-0930 USBO FORM 8-K - United States Brent Oil Fund, LP | usbo8k_2011-0930.htm |
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Exhibit 99.1
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United States Brent Oil Fund, LP
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Monthly Account Statement
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For the Month Ended September 30, 2011
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Statement of Income (Loss)
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Income
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Realized Trading Gain (Loss)
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$ | (1,089,310 | ) | ||
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Unrealized Gain (Loss) on Market Value of Futures
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(2,420,920 | ) | |||
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Dividend Income
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126 | ||||
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Interest Income
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424 | ||||
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ETF Transaction Fees
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700 | ||||
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Total Income (Loss)
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$ | (3,508,980 | ) | ||
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Expenses
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Investment Advisory Fee
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$ | 22,950 | |||
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Brokerage Commissions
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2,611 | ||||
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Non-interested Directors' Fees and Expenses
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317 | ||||
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Prepaid Insurance Expense
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134 | ||||
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Other Expenses
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13,338 | ||||
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Total Expenses
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39,350 | ||||
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Expense Waiver
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(9,184 | ) | |||
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Net Expenses
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$ | 30,166 | |||
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Net Gain (Loss)
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$ | (3,539,146 | ) | ||
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Statement of Changes in Net Asset Value
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Net Asset Value Beginning of Period 9/1/11
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$ | 38,408,017 | |||
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Withdrawals (400,000 Units)
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(27,943,549 | ) | |||
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Net Gain (Loss)
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(3,539,146 | ) | |||
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Net Asset Value End of Period
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$ | 6,925,322 | |||
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Net Asset Value Per Unit (100,000 Units)
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$ | 69.25 | |||
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To the Limited Partners of United States Brent Oil Fund, LP:
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Pursuant to Rule 4.22(h) under the Commodity Exchange Act, the undersigned represents that,
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to the best of his knowledge and belief, the information contained in the Account Statement for
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the month ended September 30, 2011 is accurate and complete.
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/s/ Howard Mah
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Howard Mah
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Chief Financial Officer
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United States Commodity Funds LLC, General Partner of United States Brent Oil Fund, LP
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United States Commodity Funds LLC
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1320 Harbor Bay Parkway
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Suite 145
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Alameda, CA 94502
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