Attached files
| file | filename |
|---|---|
| 8-K - 2012-0331 USBO FORM 8K - United States Brent Oil Fund, LP | usbo8k_2012-0331.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 March 31, 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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$ | 5,495,510 | |||
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Unrealized Gain (Loss) on Market Value of Futures
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(4,442,230 | ) | |||
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Dividend Income
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596 | ||||
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Interest Income
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1,078 | ||||
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ETF Transaction Fees
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2,450 | ||||
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Total Income (Loss)
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$ | 1,057,404 | |||
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Expenses
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Investment Advisory Fee
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$ | 45,792 | |||
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Brokerage Commissions
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4,214 | ||||
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Non-interested Directors' Fees and Expenses
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607 | ||||
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Prepaid Insurance Expense
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415 | ||||
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Other Expenses
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9,898 | ||||
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Total Expenses
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60,926 | ||||
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Expense Waiver
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(884 | ) | |||
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Net Expenses
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$ | 60,042 | |||
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Net Income (Loss)
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$ | 997,362 | |||
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Statement of Changes in Net Asset Value
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Net Asset Value Beginning of Month 3/1/12
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$ | 77,019,894 | |||
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Additions (100,000 Units)
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8,727,602 | ||||
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Withdrawals (350,000 Units)
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(30,646,626 | ) | |||
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Net Income (Loss)
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997,362 | ||||
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Net Asset Value End of Month
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$ | 56,098,232 | |||
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Net Asset Value Per Unit (650,000 Units)
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$ | 86.30 | |||
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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 March 31, 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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