United States Brent Oil Fund
The United States Brent Oil Fund® LP ("BNO") is a domestic exchange-traded security designed to track the movements of Brent crude oil. BNO issues units that may be purchased and sold on the NYSE Arca.
The investment objective of BNO is for the daily changes in percentage terms of its units' net asset value ("NAV") to reflect the daily changes in percentage terms of the spot price of Brent crude oil as measured by the changes in the price of the futures contract on Brent crude oil as traded on the ICE Futures Exchange that is the near month contract to expire, except when the near month contract is within two weeks of expiration, in which case the futures contract will be the next month contract to expire (the "Benchmark Futures Contract"), less BNO's expenses.
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| Prospectus | May 15, 2013 |
| 8-K Monthly Account Statement | April 30, 2013 |
| Code of Conduct | April 26, 2013 |
| Governance Policy | April 26, 2013 |
| 8-K Monthly Account Statement | March 31, 2013 |
| Fact Sheet | March 31, 2013 |
| 10-Q | March 31, 2013 |
| 10-Q XBRL ZIP Archive | March 31, 2013 |
| 8-K | March 28, 2013 |
| 8-K Monthly Account Statement | February 28, 2013 |
| 10-K XBRL ZIP Archive | December 31, 2012 |
| 10-K | December 31, 2012 |
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. Please read it carefully before investing.
The Commodity Futures Trading Commission has not passed upon the merits of participating in these pools nor has the Commission passed on the adequacy or accuracy of this Prospectus.
Neither the Securities and Exchange Commission ("SEC"), nor any State Securities Commission has approved or disapproved the securities offered in this Prospectus or determined if this Prospectus is truthful or complete. Any representation to the contrary is a criminal offense.
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.
This investment is not suitable for all investors.
Commodity trading is highly speculative. Commodities and futures generally are volatile and are not suitable for all investors. BNO is speculative and involves a high degree of risk. Investing in BNO subjects you to the risks of the oil industry. These risks could result in large fluctuations in the price of BNO's units. An investor may lose all or substantially all of an investment in BNO. Funds that focus on a single sector generally experience greater volatility.
The Benchmark Futures Contract does not correlate exactly with the spot price of Brent crude oil and this could cause the changes in the price of the units to substantially vary from the changes in the spot price of Brent crude oil. Therefore, you may not be able to effectively use BNO to hedge against crude oil-related losses or as a way to indirectly invest in crude oil. For further discussion of these and additional risks associated with an investment in BNO units, click here.
Units of BNO may be purchased or sold throughout the day through any brokerage account, which will result in typical brokerage commissions. 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 50,000 units.
The United States Brent Oil Fund, LP is distributed by ALPS Distributors, Inc.
BNO United States Brent Oil Fund® and Design mark are registered trademarks of The United States Commodity Funds LLC. The United States Commodity Funds® is a registered trademark. | All rights reserved.
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2010-2013 | United States Brent Oil Fund, LP | All rights reserved.
