Attached files
file | filename |
---|---|
8-K - 2011-1231 USBO FORM 8K - United States Brent Oil Fund, LP | usbo8k_2011-1231.htm |
Exhibit 99.1
|
|||||
United States Brent Oil Fund, LP
|
|||||
Monthly Account Statement
|
|||||
For the Month Ended December 31, 2011
|
|||||
Statement of Income (Loss)
|
|||||
Income
|
|||||
Realized Trading Gain (Loss) on Futures
|
$ | (1,513,800 | ) | ||
Unrealized Gain (Loss) on Market Value of Futures
|
(577,860 | ) | |||
Dividend Income
|
340 | ||||
Interest Income
|
757 | ||||
ETF Transaction Fees
|
350 | ||||
Total Income (Loss)
|
$ | (2,090,213 | ) | ||
Expenses
|
|||||
Investment Advisory Fee
|
$ | 33,910 | |||
Brokerage Commissions
|
3,236 | ||||
Non-interested Directors' Fees and Expenses
|
457 | ||||
Prepaid Insurance Expense
|
139 | ||||
Total Expenses
|
$ | 37,742 | |||
Net Income (Loss)
|
$ | (2,127,955 | ) | ||
Statement of Changes in Net Asset Value
|
|||||
Net Asset Value Beginning of Month 12/1/11
|
$ | 76,574,921 | |||
Withdrawals (500,000 Units)
|
(37,178,578 | ) | |||
Net Income (Loss)
|
(2,127,955 | ) | |||
Net Asset Value End of Month
|
$ | 37,268,388 | |||
Net Asset Value Per Unit (500,000 Units)
|
$ | 74.54 | |||
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 December 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
|
|||||