Attached files
| file | filename |
|---|---|
| 8-K - FORM 8-K - United States Brent Oil Fund, LP | v395003_8-k.htm |
Exhibit 99.1
| United States Brent Oil Fund, LP | ||||
| Monthly Account Statement | ||||
| For the Month Ended October 31, 2014 | ||||
| Statement of Income (Loss) | ||||
| Income | ||||
| Realized Trading Gain (Loss) on Futures | $ | (5,270,964 | ) | |
| Unrealized Gain (Loss) on Market Value of Futures | 1,560,030 | |||
| Dividend Income | 130 | |||
| Interest Income | 1,037 | |||
| ETF Transaction Fees | 1,050 | |||
| Total Income (Loss) | $ | (3,708,717 | ) | |
| Expenses | ||||
| General Partner Management Fees | $ | 22,576 | ||
| Professional Fees | 11,780 | |||
| Brokerage Commissions | 3,012 | |||
| Non-interested Directors' Fees and Expenses | 405 | |||
| Prepaid Insurance Expense | 326 | |||
| Total Expenses | 38,099 | |||
| Expense Waiver | (11,056 | ) | ||
| Net Expenses | $ | 27,043 | ||
| Net Income (Loss) | $ | (3,735,760 | ) | |
| Statement of Changes in Net Asset Value | ||||
| Net Asset Value Beginning of Month 10/1/14 | $ | 37,721,277 | ||
| Additions (100,000 Shares) | 3,404,567 | |||
| Net Income (Loss) | (3,735,760 | ) | ||
| Net Asset Value End of Month | $ | 37,390,084 | ||
| Net Asset Value Per Share (1,100,000 Shares) | $ | 33.99 | ||
| 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 October 31, 2014 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 | |
| 1999 Harrison Street, Suite 1530 | |
| Oakland, CA 94612 | |