Key stats
About United States Brent Oil Fund, LP ETV
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Inception date
Jun 2, 2010
Structure
Commodities Pool
Replication method
Synthetic
Distribution tax treatment
No distributions
Income tax type
60/40
Max ST capital gains rate
27.84%
Max LT capital gains rate
27.84%
Primary advisor
United States Commodity Funds LLC
Distributor
ALPS Distributors, Inc.
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
Returns
| 1 month | 3 months | Year to date | 1 year | 3 years | 5 years | |
|---|---|---|---|---|---|---|
| Price performance | — | — | — | — | — | — |
| NAV total return | — | — | — | — | — | — |
What's in the fund
Exposure type
Futures
Cash
Bonds, Cash & Other100.00%
Futures50.68%
Cash49.32%
Top 10 holdings
Dividends
Dividend payout history
Assets under management (AUM)
Fund Flows
Frequently Asked Questions
BNO assets under management is 85.44 M USD. It's risen 8.19% over the last month.
BNO fund flows account for −29.79 M USD (1 year). Many traders use this metric to get insight into investors' sentiment and evaluate whether it's time to buy or sell the fund.
No, BNO doesn't pay dividends to its holders.
BNO shares are issued by The Marygold Cos, Inc. under the brand US Commodity Funds. The ETF was launched on Jun 2, 2010, and its management style is Passive.
BNO expense ratio is 1.00% meaning you'd have to pay 1.00% of your investment to help manage the fund.
BNO follows the Front Month Brent Crude Oil. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
BNO invests in cash.
BNO price has risen by 8.65% over the last month, and its yearly performance shows a −3.16% decrease. See more dynamics on BNO price chart.
NAV returns, another gauge of an ETF dynamics, showed a −1.86% decrease in three-month performance and has decreased by −2.87% in a year.
NAV returns, another gauge of an ETF dynamics, showed a −1.86% decrease in three-month performance and has decreased by −2.87% in a year.
BNO trades at a premium (0.07%) meaning the ETF is trading at a higher price than the calculated NAV.