Attached files
| file | filename |
|---|---|
| 8-K - 2011-0228 USBO FORM 8K - United States Brent Oil Fund, LP | usbo8k_2011-0228.htm |
|
Exhibit 99.1
|
|||||
|
United States Brent Oil Fund, LP
|
|||||
|
Monthly Account Statement
|
|||||
|
For the Month Ended January 31, 2011
|
|||||
|
Statement of Income (Loss)
|
|||||
|
Income
|
|||||
|
Realized Trading Gain (Loss)
|
$ | 763,600 | |||
|
Unrealized Gain (Loss) on Market Value of Futures
|
(110,190 | ) | |||
|
Dividend Income
|
257 | ||||
|
Interest Income
|
41 | ||||
|
ETF Transaction Fees
|
1,000 | ||||
|
Total Income (Loss)
|
$ | 654,708 | |||
|
Expenses
|
|||||
|
Investment Advisory Fee
|
$ | 6,722 | |||
|
Brokerage Commissions
|
860 | ||||
|
Non-interested Directors' Fees and Expenses
|
63 | ||||
|
Other Expenses
|
22,072 | ||||
|
Total Expenses
|
29,717 | ||||
|
Expense Waiver
|
(20,728 | ) | |||
|
Net Expenses
|
$ | 8,989 | |||
|
Net Gain (Loss)
|
$ | 645,719 | |||
|
Statement of Changes in Net Asset Value
|
|||||
|
Net Asset Value Beginning of Period 1/1/11
|
$ | 12,615,031 | |||
|
Withdrawals (100,000 Units)
|
(6,535,913 | ) | |||
|
Net Gain (Loss)
|
645,719 | ||||
|
Net Asset Value End of Period
|
$ | 6,724,837 | |||
|
Net Asset Value Per Unit (100,000 Units)
|
$ | 67.25 | |||
|
To the Limited Partners of United States Brent Oil Fund, LP:
|
|||||
|
Pursuant to Rule 4.22(h) under the Commodity Exchange Act, the undersigned represents that,
|
|||||
|
to the best of his knowledge and belief, the information contained in the Account Statement for
|
|||||
|
the month ended January 31, 2011 is accurate and complete.
|
|||||
|
/s/ Howard Mah
|
|||||
|
Howard Mah
|
|||||
|
Chief Financial Officer
|
|||||
|
United States Commodity Funds LLC, General Partner of United States Brent Oil Fund, LP
|
|||||
|
United States Commodity Funds LLC
|
|||||
|
1320 Harbor Bay Parkway
|
|||||
|
Suite 145
|
|||||
|
Alameda, CA 94502
|
|||||