Attached files
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8-K - 2011-0727 USBO FORM 8-K - United States Brent Oil Fund, LP | usbo8k_2011-0727.htm |
Exhibit 99.1
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United States Brent Oil Fund, LP
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Monthly Account Statement
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For the Month Ended June 30, 2011
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Statement of Income (Loss)
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Income
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Realized Trading Gain (Loss)
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$ | (1,642,950 | ) | ||
Unrealized Gain (Loss) on Market Value of Futures
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252,610 | ||||
Dividend Income
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176 | ||||
Interest Income
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243 | ||||
ETF Transaction Fees
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2,000 | ||||
Total Income (Loss)
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$ | (1,387,921 | ) | ||
Expenses
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Investment Advisory Fee
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$ | 26,340 | |||
Brokerage Commissions
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3,078 | ||||
Non-interested Directors' Fees and Expenses
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306 | ||||
Prepaid Insurance Expense
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134 | ||||
Other Expenses
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16,440 | ||||
Total Expenses
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46,298 | ||||
Expense Waiver
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(11,172 | ) | |||
Net Expenses
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$ | 35,126 | |||
Net Gain (Loss)
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$ | (1,423,047 | ) | ||
Statement of Changes in Net Asset Value
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Net Asset Value Beginning of Period 6/1/11
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$ | 38,856,826 | |||
Additions (200,000 Units)
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15,116,256 | ||||
Net Gain (Loss)
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(1,423,047 | ) | |||
Net Asset Value End of Period
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$ | 52,550,035 | |||
Net Asset Value Per Unit (700,000 Units)
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$ | 75.07 | |||
To the Limited Partners of United States Brent Oil Fund, LP:
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Pursuant to Rule 4.22(h) under the Commodity Exchange Act, the undersigned represents that,
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to the best of his knowledge and belief, the information contained in the Account Statement for
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the month ended June 30, 2011 is accurate and complete.
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/s/ Howard Mah
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Howard Mah
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Chief Financial Officer
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United States Commodity Funds LLC, General Partner of United States Brent Oil Fund, LP
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United States Commodity Funds LLC
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1320 Harbor Bay Parkway
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Suite 145
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Alameda, CA 94502
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