United States Brent Oil Fund LP

Frequently Asked Questions About BNO

What does BNO invest in?

The fund's primary benchmark is a specific Brent crude oil futures contract traded on the Ice Futures Europe Exchange. This typically refers to the contract closest to its expiry date. However, if this front-month contract is fewer than two weeks away from expiration, the fund will instead reference the futures contract scheduled to expire in the subsequent month.

What is the expense ratio of BNO?

United States Brent Oil Fund LP (BNO) charges an expense ratio of 1.15%. This is the annual fee deducted from fund assets to cover management and operations.

How big is BNO?

United States Brent Oil Fund LP (BNO) manages $752.2M in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure. Funds below ~$50M are at higher risk of liquidation.

Is BNO actively managed or an index fund?

BNO's management style is described in the fund's prospectus. See the description on the Summary tab for the published strategy.

When was BNO launched?

United States Brent Oil Fund LP (BNO) launched in June 2010 and is managed by USCF.

How has BNO performed?

BNO's total return (price change plus reinvested distributions) is charted at the top of this page. Switch the price chart to Total Return and pick a 1-year, 3-year, 5-year, or 10-year window to read the compound annual growth rate (CAGR) over each horizon.