Attached files
| file | filename |
|---|---|
| 8-K - 2012-0229 USBO FORM 8K - United States Brent Oil Fund, LP | usbo8k_2012-0229.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 February 29, 2012
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Statement of Income (Loss)
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Income
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Realized Trading Gain (Loss) on Futures
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$ | 160,680 | |||
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Unrealized Gain (Loss) on Market Value of Futures
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5,068,350 | ||||
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Dividend Income
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328 | ||||
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Interest Income
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703 | ||||
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ETF Transaction Fees
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1,050 | ||||
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Total Income (Loss)
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$ | 5,231,111 | |||
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Expenses
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Investment Advisory Fee
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$ | 33,149 | |||
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Brokerage Commissions
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2,685 | ||||
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Non-interested Directors' Fees and Expenses
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462 | ||||
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Prepaid Insurance Expense
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130 | ||||
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Other Expenses
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9,260 | ||||
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Total Expenses
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45,686 | ||||
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Expense Waiver
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(2,630 | ) | |||
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Net Expenses
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$ | 43,056 | |||
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Net Income (Loss)
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$ | 5,188,055 | |||
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Statement of Changes in Net Asset Value
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Net Asset Value Beginning of Month 2/1/12
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$ | 46,349,293 | |||
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Additions (300,000 Units)
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25,482,546 | ||||
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Net Income (Loss)
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5,188,055 | ||||
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Net Asset Value End of Month
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$ | 77,019,894 | |||
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Net Asset Value Per Unit (900,000 Units)
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$ | 85.58 | |||
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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 February 29, 2012 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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