United States Brent Oil Fund, LP ETVUnited States Brent Oil Fund, LP ETVUnited States Brent Oil Fund, LP ETV

United States Brent Oil Fund, LP ETV

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Key stats


Assets under management (AUM)
‪138.71 M‬USD
Fund flows (1Y)
‪−15.45 M‬USD
Dividend yield (indicated)
Discount/Premium to NAV
0.6%

About United States Brent Oil Fund, LP ETV


Issuer
The Marygold Cos, Inc.
Brand
US Commodity Funds
Expense ratio
1.00%
Inception date
Jun 2, 2010
Index tracked
Front Month Brent Crude Oil
Management style
Passive
BNO provides exposure to Brent crude oil, as an alternative to a West Texas Intermediate (WTI) benchmark. BNO exclusively trades front-month futures contracts traded on the ICE Futures Exchange (ICE Futures). The funds exposure is focused on short-term futures thus, it is extremely sensitive to changes in the spot market, as you'd expect, and it can look very different from the returns you'd see in the WTI market. BNO is structured as a commodities pool, so cap gains are taxed at a blended 60% long-term/ 40% short-term rate regardless of the holding period, and investors receive a K-1 at tax time. Overall, BNO is a decent alternative to the WTI benchmark.

Classification


Asset Class
Commodities
Category
Energy
Focus
Crude oil
Niche
Front month
Strategy
Vanilla
Weighting scheme
Single asset
Selection criteria
Single asset

Returns


1 month3 monthsYear to date1 year3 years5 years
Price performance
NAV total return

What's in the fund


As of November 7, 2024
Exposure type
Bonds, Cash & Other
Futures
Cash
Bonds, Cash & Other100.00%
Futures50.44%
Cash49.56%
Top 10 holdings

Dividends


Dividend payout history

Assets under management (AUM)



Fund Flows