Daily Holdings
as of 02/03/2012, subject to change
|
| Crude Oil Futures and Other Crude Oil Interests |
|---|
| ICE Brent Crude Future CO MAR12 | 104 | $114.58 | $11,916,320.00 |
| ICE Brent Crude Future CO APR12 | 314 | $114.24 | $35,871,360.00 |
| US Treasurys |
|---|
| WI US T BILL ZCP 6/21/12 | 2,340,000 | $99.99 | $2,339,730.90 |
| Cash |
|---|
| US DOLLARS | 44,229,334 | $1.00 | $44,229,333.65 |
Pending Trades
as of 02/03/2012, subject to change
| Shares Created/Redeemed | 0 |
|
| ICE Brent Crude Future CO MAR12 | Sell | -104 | $114.58 |
| ICE Brent Crude Future CO APR12 | Buy | 105 | $114.24 |
| BNO |
as of 02/03/2012 |
| NAV | $79.75 |
| 4PM Bid/Ask Midpoint | $79.76 |
| Last Trade Price | $79.70 |
| Units Outstanding | 600,000 |
| Total Net Assets | $47,849,584.94 |
| Estimated Yield on Cash Holdings1 | 0.02% |
| Estimated Management Expenses2 | 0.75% |
| Total Expense Ratio | 0.98% |
For a copy of the Prospectus contact: ALPS Distributors, Inc., 1290 Broadway, Suite 1100, Denver, Colorado 80203 or call 800.920.0259 or click here
.
BNO is not a mutual fund or any other type of Investment Company within the meaning of the Investment Company Act of 1940, as amended, and is not subject to regulation thereunder.
Commodities and futures generally are volatile and are not suitable for all investors. BNO is speculative and involves a high degree of risk. An investor may lose all or substantially all of an investment in BNO. Funds that focus on a single sector generally experience greater volatility.
1 Represents the estimated annualized yield of the portfolio's cash holdings based on the current daily accrual rate. Actual rates are subject to change daily and may vary. Yield does not include interest earned on Treasury holdings.
2 BNO's management fee is equal to 0.75% per annum on average net assets. This figure does not include the impact of commissions incurred in the trading of crude oil interests.
For further discussion of these and additional risks associated with an investment in BNO units, click here.
BNO could terminate at any time and cause the liquidation of your investment which may upset the overall maturity and timing of your investment portfolio. An unanticipated number of redemption requests during a short period of time could have an adverse effect on the NAV of BNO.
BNO may not earn trading gains sufficient to compensate for the fees and expenses that it must pay, and as such, it may not earn any profit. You should not invest in BNO if you will need cash distributions from BNO to pay taxes on your share of income and gains of BNO, if any, or for any other reason.
Investing in BNO subjects you to the risks of the crude oil industry. These risks could result in large fluctuations in the price of BNO's units. An investor could lose all or substantially all of his/her investment.
The price of units may not accurately track the spot price of brent oil and you may not be able to effectively use BNO as a way to hedge the risk of losses in your crude oil-related transactions or as a way to indirectly invest in crude oil.
Investors buy and sell units in the secondary market (i.e., not directly from BNO). Only "authorized purchasers" may trade directly with BNO, in minimum blocks of 100,000 units.
The United States Brent Oil Fund, LP is distributed by ALPS Distributors, Inc.
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2010-2012 | United States Brent Oil Fund, LP | All rights reserved.
