Premium/Discount Daily Information as of 02/03/2012
NAV
4PM Bid/Ask Midpoint
Difference ($)
Premium/Discount (%)
United States Brent Oil Fund, LP
$79.75
$79.76
$0.01
0.01%
Frequency Distribution of Premiums and Discounts
The performance data quoted above represents past performance. Past performance is not a guarantee of future results. Investment return and value of BNO shares will fluctuate so that an investor's shares, when sold, may be worth more or less than their original cost. Performance may be lower or higher than performance data quoted. Recent quarter end performance data.
Description
The above frequency distribution chart presents information about the difference between the daily market price for shares of BNO and BNO's reported NAV. The amount that BNO's market price is above the reported NAV is called the premium. The amount that BNO's market price is below the reported NAV is called the discount. The market price is determined using the midpoint between the highest bid and the lowest offer on the listing exchange, as of the time that BNO's NAV is calculated (usually 4:00 pm Eastern time). The horizontal axis of the chart shows the premium or discount expressed in basis points. The vertical axis indicates the number of trading days in the period covered by the chart. Each bar in the chart shows the number of trading days in which BNO traded within the premium/discount range indicated.
*A unit that is equal to 1/100th of 1% and is used to denote the change in a financial instrument.
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.
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.
