Attached files
| file | filename |
|---|---|
| 8-K - 2011-1031 USBO FORM 8K - United States Brent Oil Fund, LP | usbo8k_2011-1031.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 October 31, 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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$ | 435,860 | |||
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Unrealized Gain (Loss) on Market Value of Futures
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4,675,410 | ||||
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Dividend Income
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78 | ||||
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Interest Income
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763 | ||||
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ETF Transaction Fees
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2,450 | ||||
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Total Income (Loss)
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$ | 5,114,561 | |||
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Expenses
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Investment Advisory Fee
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$ | 27,301 | |||
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Brokerage Commissions
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2,386 | ||||
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Non-interested Directors' Fees and Expenses
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397 | ||||
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Prepaid Insurance Expense
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139 | ||||
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Total Expenses
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$ | 30,223 | |||
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Net Income (Loss)
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$ | 5,084,338 | |||
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Statement of Changes in Net Asset Value
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Net Asset Value Beginning of Period 10/1/11
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$ | 6,925,322 | |||
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Additions (900,000 Units)
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62,171,629 | ||||
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Withdrawals (300,000 Units)
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(21,581,910 | ) | |||
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Net Income (Loss)
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5,084,338 | ||||
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Net Asset Value End of Period
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$ | 52,599,379 | |||
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Net Asset Value Per Unit (700,000 Units)
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$ | 75.14 | |||
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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 October 31, 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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